Representatives of India’s renowned real estate developer Ansal Group were in Melbourne recently to promote their mega housing project the Ansal Amantre in Gurgaon.
The event was held at The Langham Hotel where potential buyers and investors were invited to find out more about the project and its payment scheme, supported by Invest Advice Wealth Management Solutions. Local financial solution provider Ash Financial Services supported the event and was instrumental in bringing the potential clients together.
A liberalised Foreign Direct Investment (FDI) policy and booming economy in India has encouraged increased confidence for foreign investors, particularly in the Indian real estate sector. In the past few years, on the one hand, the Indian realty sector suffered a lull from stalling sales and weak cash flow, but on the other, it still held promise for overseas investors.
The current FDI changes are designed to make it easier for foreign companies and individuals to invest in India through an automatic route where no FIPB (Foreign Investment Promotion Board) clearances are required. Besides that, there are more relaxed norms related to built-up areas, capitalisation and lock-in and exit periods, adding to the consumer confidence.
It is therefore no surprise that major Indian developers like Ansal, Godrej, DLF, etc. are increasingly investing marketing money into promoting their premium luxury accommodations and commercial projects overseas.
Strategically located near the Dwarka Expressway Ansals Amantre is slated to be built over 10.10 aces and differentiates itself from other equally ambitious building projects by offering 11 ft ceilings, biometric security system and signal free travel to the airport.
Boasting of its own clubhouse, with swimming pool, gym, tennis courts, restaurants etc. Ansals Amantre promises a lifestyle, in their words, ‘likely to rekindle the joy of living’. The site plan speaks of luxury and quality from its artfully tree lines boulevards to spacious floor plans, terraced gardens and the ultra modern amenities.
The invitees at Langham were also informed of a payment plan that raised considerable interest and speculation amongst the astute potential investors and buyers. The finance representatives from invest advice founder Sachin Gupta and Director Shubhranshu Garg set about assuring the guests of the authenticity of the project and spent the evening and subsequent days of there visit clarifying the scheme.
Rakresh Arora, Senior Marketing Manager from Ansal Housing and Construction, was also present to answer any queries.
Judging by the buzz, the lucrative payment plan attracted much attention.
“I started out thinking this is too good to be true, however when I went to meet them again the following day they were able to convince me and I purchased one apartment,” said one of the guests.
“With new schemes coming from all different directions, it’s always advisable to ask questions, do your homework and make sure you look at these offers with a magnifying glass,” the local businessman said. “If you are not sure, ask for professional advice, but do not fall into the trap of thinking that everything is going to be perfect just because it is presented in that light with all the bells and whistles. Learn to look beyond the gloss.”