Friday, January 25, 2008

Availability of Property in Delhi

Prime real estate in Central and South West Delhi has witnessed steady purchasing activity. This may be attributed to the fact that the availability is limited in South & Central Delhi. Many investors, High Net worth Individuals HNI as well as NRIs are focused there. Most of the sales have been in the small developments on old plotted areas where developers are building single floors.

There is hardly anything available for the middle and the lower middle classes. There is nothing in studio apartment or the 2 bedroom category. The actual buyer is definitely there but is waiting for values to stabilize or interest rates to dip.

Friday, January 18, 2008

Delhi Real Estate- Knowing Panchsheel Park

Located at just 15 kilometers away from the New Delhi Central Business District Connaught Place and other commercial places, Panchsheel Park occupies a prime location in the real estate landscape of Delhi. The twin colonies of Panchsheel Park and Panchsheel Enclave came up between 1965 and 1970 while Soami Nagar and Sarvapriya Vihar were established in 1970s.

The housing infrastructure of Panchsheel comprises of independent houses, villas, builder floors, residential apartments and DDA flats. Price of Properties depends on the area, size, quality and location of the property. The state of water and power supply, sewerage system and roads is quite satisfactory in the colonies and the safety and security of the residents is also well taken care of.

Organised Retail Transforms Lucknow Property Markets

Establishment of shopping malls has successfully changed the face of real estate in Lucknow and improvements are quite visible on the aspects of design, project-size, quality of construction, and other aesthetic and safety elements, in the upcoming projects. “Popularity of shopping malls in Lucknow has played major role in driving developers for producing high-quality properties in the city and people in Lucknow have become forward-looking and demand best of facilities.

The impact is visible not just on commercial properties but residential sector to a large extent, he informed. Nevertheless, Lucknow has shrugged off its past image of a slow-moving city to a fast-developing city, and an overall change has been witnessed in the outlook of the residents. “It is more about growth now,” Mohd. Afaque, a senior resident of Lucknow sums up the story in his own way.

Sunday, January 6, 2008

Indian Real Estate Markets Ahead

The landscape of the Indian real estate market is changing fast, as it is poised to emerge as one of the most preferred investment destinations for global realty and investment firms. See where the contours, according to FICCI, are expected to change in the next 3-5 years:
• Developers till now concentrated on metros moving toward smaller cities also shift from the dominance of regional players to national players.
• Large Indian groups consolidating their business to emerge as market leaders.
• Project size enlargement with a focus on product differentiation & quality.
• Shift from land transaction to development transaction
• Change in ownership to leasing.
• Correction in supply format from investor to consumer driven.