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According to three sources with knowledge of the matter, Max Estates and Namo realtech private ltd have signed a Joint matter Agreement (JDA) to build a group housing project on the Dwarka Expressway in Gurgaon.

The property is adjacent to Krisumi Waterfall Residences, which is a joint venture between Indian auto component manufacturer Krishna Group and Japanese giant Sumitomo Corporation.

The Max Estates and Namo Realtech-formed independent SPV will include this project. In addition to being the managing director of Krisumi Corporation, Mohit Jain is a director of Namo Realtech.

In sector 36A in Gurgaon, Max Estates plans to create around 2.5 million square feet on a 15-acre plot of land. One of the individuals cited above stated, “The developer would receive one third of the saleable area and an advance payment of Rs 75 crore.

While Max Estates plans to launch its first residential property in Noida in the first half of 2023, this will be the company’s first residential project in Gurgaon.

The deal’s transaction advisor is CBRE. ET sent a letter to Max Estates and CBRE, but neither company replied.

Recently, the US-based mutual life insurance company New York Life Insurance Co. announced plans to invest Rs 290 crore for a 49% ownership share in a commercial project in Gurgaon that is being developed by Acreage Builders Private Limited, the SPV of Max Estates.

Max declared in September 2022 that it has begun the process of paying Rs 322.50 crore to acquire 100% of the SPV’s equity.

It completed the acquisition and onboarded New York Life on February 2 of this year.

The new SPV, which is authorized to develop a commercial property on 7.15 acres on Gurugram’s Golf Course Extension Road, will be 51:49 owned by both companies.

The company’s first commercial project in Gurgaon will be this one.

“With acquisitions this year (completed and in the pipeline), we will be ending FY 23 with a real estate portfolio of 7-8 million square feet diversified across the Delhi-NCR region, asset classes, and risk spectrum,” Sahil Vachani, CEO and MD of MaxVIL, just recently.

By the middle of CY 23, the company intends to start construction on a residential complex in Noida.

The business had stated in a release, “This will be a boutique development with a gross development value of Rs 1300 crore.”

The projected saleable area of this residential-focused, mixed-use project is one million square feet.

The company’s 9M FY23 consolidated revenue of Rs 850 million increased by 18% year over year.

Every year, Max Estates intends to build and buy one million square feet of upscale office space for both commercial and residential use.

The corporation has completed three land transactions in the past six months, paying Rs 850 crore for approximately 22 acres.

The remaining lots will be used for commercial construction, with one being developed for residential use.

According to property consultant ‘Anarock’, in the first half of 2024 Total houses sold in top Indian cities in the quarter 21% luxury houses (price above ₹1.5 crore) stay involved. Highest number of luxury houses in Mumbai (9,360) sold. After this Delhi-NCR (6,060), Hyderabad (5,755), Bengaluru (3,455), Pune (1,530), Chennai (530) and Kolkata (380) was ranked.

Having a guest room is a luxury that many people enjoy. It allows us to host our loved ones and friends in comfort and style. But did you know that the placement of your guest room can have a big impact on the energy of your home?

According to Vastu Shastra, the ancient Indian system of architecture, the location and design of your guest room can affect the overall well-being of your guests and your family. Here are some key Vastu principles for guest rooms:

• The best direction for a guest room is the northwest. This direction is associated with the element of air, which is said to promote positive energy and good health.
• The bed should be placed in the southwest corner of the room. This will help to ensure that your guests get a good night’s sleep and feel refreshed in the morning.
• The head of the bed should be facing south or east. These directions are associated with prosperity and good fortune.
• There should be no beams or pillars directly above the bed. This can create negative energy and disrupt your guests’ sleep.
• The windows should be placed on the east or north side of the room. This will allow fresh air and sunlight to enter, which will promote positive energy.
• The walls should be painted in light, airy colors. This will help to create a sense of calm and relaxation.
• The furniture should be made of natural materials, such as wood or bamboo. This will help to connect your guests with the natural world.
• The room should be kept clean and tidy. This will create a sense of peace and order.

By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.

In addition to the above principles, here are some other tips for creating a positive guest room space:

• Use soft lighting to create a relaxing atmosphere.
• Add plants to the room to bring in natural energy.
• Place a water feature in the room to promote good circulation.
• Play calming music in the background.
• Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.

By following these tips, you can create a guest room that is both inviting and uplifting. Your guests will appreciate your thoughtfulness, and they will leave your home feeling refreshed and rejuvenated.

Guests Room Vastu Principles To Follow

Guests from different cultures and environments may bring in different energies. It is important to design your guest room in a way that creates a healthy atmosphere for everyone. Here are some principles to follow:

• Choose a location that is peaceful and quiet. Avoid placing the guest room near noisy areas of the house, such as the kitchen or the garage.
• Use light, airy colors on the walls. These colors will help to create a sense of calm and relaxation.
• Add plants to the room. Plants help to purify the air and promote positive energy.
• Place a water feature in the room. The sound of running water is said to be calming and relaxing.
• Keep the room clean and tidy. A clean and tidy room will help to create a sense of peace and order.

By following these principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, regardless of their cultural background or energy level.

Here are some additional tips for creating a healthy guest room atmosphere:

• Use soft lighting to create a relaxing atmosphere.
• Play calming music in the background.
• Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.
• Ask your guests about their preferences for the room, such as the temperature or the type of bed.

By following these tips, you can create a guest room that is both inviting and comfortable for everyone.

Build it in the northwest corner as per Guest Room Vastu

When planning a guest room in your house, you should be particular about the direction. The southwest corner is not ideal for a guest room, as it is considered to be the best direction for the head of the family. The northwest is the most appropriate direction for a guest room, but you can also consider the south direction, as long as you consult a Vastu expert first. The southeast corner is also a good option.

According to Vastu, the cabinets should be placed on the south or west wall of the guest room. The correct directions for the guest room door are:

• Northeast door facing north or east
• Northwest door facing west
• Southeast door facing south

By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.

Here are some additional tips for creating a guest room that is in alignment with Vastu principles:

• Use light, airy colors on the walls.
• Add plants to the room.
• Place a water feature in the room.
• Keep the room clean and tidy.
• Avoid placing the guest room near noisy areas of the house.
• Ask your guests about their preferences for the room, such as the temperature or the type of bed.

The National Housing Bank (NHB) has released its latest housing price index, which shows that housing prices rose in 43 cities in the March quarter of FY23. The index, which measures the average price of residential properties across India, rose by 1.5% in the March quarter.

The rise in housing prices was led by eight key primary residential markets, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. These markets saw an average increase of 2.1% in housing prices in the March quarter.

The rise in housing prices is being attributed to a number of factors, including:

• Increased demand: The demand for housing has been on the rise in recent months, driven by factors such as rising income levels, lower interest rates, and the government’s push for affordable housing.
• Limited supply: The supply of housing has been limited in recent years, due to factors such as delays in land acquisition and approvals.
• Rising input costs: The cost of construction materials has been rising in recent months, which has led to an increase in the cost of housing.

The rise in housing prices is expected to continue in the coming months, but the pace of growth is likely to moderate. The NHB has forecast that housing prices will rise by 5.5% in FY23.

The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.

Here are some of the key takeaways from the NHB report:

• Housing prices rose in 43 cities in the March quarter of FY23.
• The average increase in housing prices was 1.5%.
• Eight key primary residential markets saw an average increase of 2.1% in housing prices.
• The rise in housing prices is being attributed to increased demand, limited supply, and rising input costs.
• The NHB has forecast that housing prices will rise by 5.5% in FY23.

What does this mean for homebuyers?

The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.

Here are some tips for homebuyers in a rising market:

• Do your research and understand the local real estate market.
• Get pre-approved for a mortgage before you start shopping for a home.
• Be prepared to act quickly when you find a home that you like.
• Be realistic about your budget and don’t overstretch yourself.
• Be prepared to compromise on some of your requirements.

The rise in housing prices is a good sign for the Indian economy, but it is important for homebuyers to be aware of the risks involved before making a purchase.