Sunday, February 24, 2008

High Rise Buildings Gain Ground in Ahmedabad Once Again

The rental values across Ahmedabad's localities, according to brokers, have grown on an average of 20-100 percent in the last four months, from Nov to Feb. The escalation in apartment rentals shows that the reversal of fear psychosis for high rises post Bhuj earthquake. Before earthquake, everybody preferred high rises.

There were few takers for first floor and they all wanted to go in for upper storeys. However, it was just the reverse case after earthquake where staying close to the ground was preferred. Once again people are preferring hi-rise living in Ahmedabad. Comments invited…

Thursday, February 21, 2008

Vaishali Emerges as Second in Line of Preference After Indirapuram in Ghaziabad

Surrounded by number malls like Galaxy, AEZ Carnival County, Ansal Plaza and Haldiram's, etc Vaishali is gaining preference and surfacing as the next best residential destination after the much sought after Indirapuram in Ghaziabad.

According to reports, Vaishali's capital values have shown a consistent increase since March 2007 although the capital prices of apartment dipped in October. Afterwards they have shown a steady increase though in February, the lower price range has marginally decreased but the upper value registered an increase.

In case of builder floors the values have shown a dip as compared to May, August but since October they have either remained constant or have shown an increase in the value margin.

What in your view is contributing to this state of market? Comments invited…

Thursday, February 7, 2008

Faridabad Plot Values on Rise

Residential real estate values have increased in the posh sectors of Faridabad especially Sector 14, 15, 16, and 17, from 20-40 per cent in the last ten months, according to MagicBricks Research. For instance, the plot capital values in Sector 14 have increased from Rs 25,000 per sq yard in May 2007 to Rs 35,000 per sq yard in February 2008. Brokers attribute the increase in these values to the fact that the occupancy levels are high at 70-80 per cent and these sectors are buoyant with many transactions in real estate happening, and the values increasing at regular intervals.

Plus these areas are better provided with infrastructure facilities like water, electricity, drainage, sewerage etc as compared to other sectors. Please add to the blog if you have some information over the same…

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Property Values Dip in Noida

There had been a decline in plot capital values in the last 6 months by 20-40 per cent across most sectors in Noida such as Sector 11, 12, 19, 20, 22. Capital values all across are stabilizing to an average of 10-15 per cent with the fluctuations in share market the properties are going steady. The loan conditions are tough so the properties are not much appreciating; they are stable but not increasing much, from the past 4-5 months.

The dip was maximum in sectors-19, 20, 22 in December to almost 25-40 per cent. The values however revived in last 3 months by approx 12-15 per cent. However prime sectors such as Sector 14A, 15A etc continue to command high plot values at Rs 74,000-1,60,000 per sq yard for the month of February.