Falcon Realty Services Private Limited (FRSPL) is widely recognized for its in-depth understanding of the Indian real estate market since 1982 and had been actively involved in Land Acquisition and Land consolidation in India for more than decades. FRSPL is backed by a team of highly experienced and ethical professionals specialized in the real estate and hospitality industry and is in partnership with the Government of Rajasthan under (PPP) Public Private Partnership for mass affordable housing.
Some Frequently Asked Questions have been answered below.
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| What is Global Eco City? |
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Global Eco City is India’s First Urban Eco Planned City and One Among the Three Eco Cities in the World .It is a Self Sustainable Urban Development for Human Habitation.
An Eco-Friendly, Self Sustainable, Energy Efficient Master Planned Community and Green Development on Expressway (NH8) in Delhi-NCR that Offers Serene, Green, Clean, Heavenly, Pollution Free and Garbage Free zone.
Falcon is developing Global Eco-city in line with its aim of creating strong infrastructure and support varied developments in and around industrial hubs on Delhi-Mumbai Industrial Corridor (DMIC) Dedicated Freight Corridor(DFC) a 90Billion USD Joint venture between Govt. of Japan and Govt. of India to create free flow of goods between Delhi and Mumbai. |
| Why should I invest in Global Eco City? |
It will be the most important and luxurious residential development in the heart of Delhi Mumbai Industrial Corridor with the backing of the Government. Prospective purchasers will have the opportunities to purchase into the first development in an intense master plan that will see the whole area become the next big International Global Eco City. Capital appreciation in the region has been very strong and is predicted to see continued growth. |
| What is the cost of living like? |
The cost of living is considerably lower than in Gurgaon, New Delhi and the suburbs because of its independence on food and transportation front. All the waste of fallen leaves and garden waste shall be used to prepare organic manure, key ingredient for sustainable organic farming within the campus. Fresh organic fruits and vegetables shall be made available for residents at affordable price. One hundred air conditioned shuttle buses would be available in the campus so as to facilitate the to and fro of residents from Global Eco City to Key city centers, metro stations, the International Airport and their work place thus reducing the dependence on personal vehicles. Hence residents would not be compelled to buy depreciating assets like cars and motorbikes unlike in Delhi and Gurgaon |
| What is the climate like? |
The climate is pleasant and approximately 3 to 4 degrees lower than in Gurgaon and Delhi because of the timely water sprinklers over the 30 lakhs planted trees that make Global Eco City look like a forest Spa offering a serene, green, clean, pollution free and garbage free zone. An initiative to reduce the effects of Global Warming, the green cover provides fresh oxygen and reduces the harmful effects of carbon dioxide and other harmful gasses. |
| What is the concept of the city development? |
| The concept is to develop eco friendly, self sustainable model of living. The city is planned in such a manner that it is free on electricity, water, food and transportation front. So well planned where there is no traffic, no pollution or discomfort of city where it offers a complete package of keeping trio essentials of human Habitation like Roti Kapda Makkan also Health Knowledge and Entertainment |
| Who is developing Global Eco City? |
| Global Eco city is being developed by Falcon Realty Services Pvt.Ltd a renowned pioneer in eco friendly real estate development. FRSPL specializes in conceptualizing, formulating, designing and executing various real estate projects including Townships, Group Housings, Corporate Buildings, I T Parks, Bio Tech Parks, Knowledge Parks, Medi City, Sports City and Hotels. |
| What are the benefits of the ownership? |
| The owners will benefit from the use of all the facilities within the development. Lifetime membership to the World Class Club within the campus lets you enjoy majestic and Olympic size swimming pool, branded gymnasium, open jaccuzis, speciality restaurants, open bars, night club, hooka lounge, freely moving golf carts, social and recreational club, school-university, commercial mall, hotel and hospital give you opulence of class . |
| When is completion? |
| Phase I is due for completion in mid 2014. The whole city is due to be completed by the end of 2015. |
| Is there a rental program? |
Yes, where FRSPL offers wholesome life style to residents and home for expatriates working in this zone, it also gives opportunity to investors to get the best rental income per month. Money thus invested in the property gets the investor value for money, capital appreciation and property starts yielding great money per month.
Strongly backed up by all leading banks and financial institutes the purchaser of the property here gets funded under subvention plan and company pays rental on their property @Rs. 30 / sq ft. The rental thus earned shall continue till possession and after possession the company shall be assisting the buyer to rent his property within Japanese and Europeans in the zone. |
| Who will manage the rental program? |
| That shall be managed by professional Management company In place of the developer. We shall asssit the first lease as the negotiations with German , American , Japanese ,French and Indian corporations. |
| What Facilities are there in the City? |
| All amenities like complete social and recreational club, shopping mall, bank ATM and job opportunities within the campus. |
| What attractions are there in the region? |
The city is located in the state of Rajasthan boasts the investments primarily from Japan and France e.g. Honda and St. Gobain from France.HNG glass from Germany has started the acquisition. Hollister and Beckster and BD from America. Many Indian corporations and first choice of investments had been between Manesar and Bawal.Global Eco City is right at the mouth of DMIC and DFC .Closest proximity to the business airport and is comfortable signal free driving distance of 45 min. from IGI airport .It falls under the belt of aravali.At the Foothill there is Sabi river that makes the city rich of natural resource like water i.e. at 45feet down and is sweet and also clean air unlike Delhi, Gurgaon and Noida. Global Eco City is in the lap of three major Highways including Expressway( NH 8) that makes it commercially viable.
The Container corporation of india is developing large scale dryport to cater (approx) 40 crores population of North india and is largest in North India. It is located in (Rewari – Kathuvaas-Kosli-Ajeerka-Bawal)Nearest railway station is Bawal and Ajeerka at 5 kms and Rewari is the nearest railway junction. |
| Is there healthy rental market in the area? |
Yes, the city is surrounded by seven mega satellite towns within 6-10 kms of radius .As on today the 5 lakh vehicles are travelling to and fro from this zone to either Delhi , Gurgaon or Manesar. The increasing population of expats and people of top managements of these business giants like YKK,NISSIN,NTN,CAPARO,ATLAS TUBES,TOP RAMEN,FLEXI PACK,CAPARO,ASAHI GLASS,SAINT GOBAIN ,SRI CEMENT,HONDA BIKES and on the top of it is the World’s largest mother plant of Honda(cars and bikes).All this industrial growth has caused latent need of 5 lakhs homes in this zone. Ever growing demand and least supply of quality homes within 45 kms of this zone apart from Global Eco City offers largest opportunity for the property owners to earn high rental returns.
Second big reason of high rental assurance comes from time to time growing promotional activities in knowledge park , medico tourism and cultural tourism with in the city .The property falls on the Golden triangle on the Tourism map of India. |
| What types of property are available? |
| At Global Eco City we have residential and commercial properties available for sales namely |
| 1. Gulmohar Woods - Studio / 1-Bhk |
| Unit size |
495 sq ft / 680 sq ft. |
| Type |
Fully finished , furnished, air conditioned condominiums. |
| Price |
@ Rs 3500 / sq ft |
| 2. Gulmohar Woods - Studio / 1-Bhk |
| Unit size |
495 sq ft / 680 sq ft. |
| Type |
Fully finished , furnished, air conditioned condominiums. |
| Price |
@ Rs 3500 / sq ft |
| 3. Sakura Homes - 2BHK / 3BHK / 3 BHK + Study |
| Unit size |
1250 sq ft / 1530 sq ft / 1650 sq ft |
| Type |
Fully finished, furnished, air conditioned condominiums. |
| Price |
@Rs.3500 / sq ft |
| 4. Jacaranda Heights - 1BHK / 3BHK / 4BHK |
| Unit size |
825 sq ft / 3100 sq ft / 3500 sq ft |
| Type |
Fully finished, furnished, air conditioned condominiums. |
| Price |
@ Rs. 3500 / sq ft |
| 5. Sakura Business Centre |
| Details Available on request. |
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| Is the furniture included in the purchase price? |
| Yes, for details please refer to specifications as attached. |
| Is there satellite TV & Internet access? |
| The city is wi fi. |
| Are the kitchen appliances included? |
| Yes, for details please refer to Project Specifications Document. |
| Will each apartment have a parking space? |
| Yes, on paid basis. Open car parking Rs.75000/- and covered car parking Rs.300,000/- |
| Is there a swimming pool? |
| Yes, Swimming pool of International standard is there in the campus. |
| Can I buy more than one unit? |
| Yes. |
| How easy is it to repatriate any gains or income from the property? |
The policy of investments in real estate in India is very clear. There are two types of taxes from the gain of property is short term and long term gain
If you buy property today and sell within 3 years is taken as short term gain is normal taxes applicable i.e. 30 – 33 % and if you sell your property after three years then it is taken as long term capital gains and taxes levied are 20 %.In case you invest again in property then there is no capital gain levied (must consult with tax auditor). |
| As a non resident, are there any restrictions on home ownership? |
| No, it is going to be absolute ownership of the buyer. |
| What are the payments terms and schedule? |
| Down Payment Plan, Time linked and Construction linked Plan. Please refere to the Project Brochure. |
| Is it possible to finance the purchase? |
| Yes, you can avail the finance from all leading banks and financial institutes maximum up to 80 % of the property’s basic sales price. There is subvention plan available by the banks like DHFL, FIRST BLUE also funds are available from ICICI, HDFC and UBI etc. |
| Who is lending on the project? |
| The project is backed up by strong internal accural. FRSPL stands as zero mortgage company. |
| What is the stamp duty? |
| The stamp duty is like as is in Haryana |
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