India Properties | Real Estate - Buy Sell Rent

Real Estate Prices Dip Again

2009-02-27T02:13:00.000-08:00

Just when you thought real estate prices were beginning to stabilise, prices have dropped again.

After DLF’s price correction in its Bannerghatta Road property, real estate major Sobha Developers dropped prices by a whopping 22%. Sobha was the first to effect a price drop of 8% to 10% three months ago. Now, some of its properties like Sobha Sunscape are selling at 22% lower than the price quoted three months ago.

According to a senior ICICI Home Search official, “The first round of price drops by developers didn’t create any market stir. Many are now looking at a second round that’s sure to create excitement among buyers.”

According to developers’ association CREDAI, Bangalore property prices have fallen by 15% to 20% as compared to the same period last year and a further drop is unlikely. A 2-bedroom, 1,200 sqft apartment at Sobha Sunscape is available for Rs 38 lakh, which includes car park, registration and stamp duty charges, VAT charges, as well as maintenance deposit and BWSSB and Bescom charges.

Except in two high-end villa projects, the company has dropped prices in all properties by 15%, though some rates may be available only during its ongoing property mela.

J C Sharma, MD, Sobha Developers, said though the real estate situation still remains challenging, “the current market situation allows us to pass on benefits to the consumer”. Interest rates have dropped to 8%, service tax is out, and stamp duty rate has fallen.

“After DLF dropped prices, there’s been tremendous excitement. Today, many project site visits are happening, something consumers had stopped for the past 4-5 months,” said a leading real estate agent who requested anonymity.

Source: Times of India

NRI realty investments drop by over 50%

2009-02-26T04:34:00.000-08:00

The NRI season is now at its fag end. Despite undertaking tours to the US, the UK and Middle East and doling out freebies and discounts, realtors have been unable to catch the attention of this cash-rich community.

The result: NRI investments in India-based properties dropped by over 50% this season, with the four metro cities and “NRI-heavy” mirco markets in states like Gujarat and Kerala being among the worst hit.

“Compared to last year, the drop in NRI interest in India-based properties has been almost 50% in all sectors. The metros showed a sharp drop in demand, largely owing to the steep prices”, says Sanjay Dutt, CEO - business, Jones Lang LaSalle Meghraj (JLLM), a global real estate consultancy firm. “Very few luxury homes have been sold as compared to last year”, he adds.
At a time when the domestic demand in micro-markets in Tier-I, II and III cities began to slump in the third quarter of this financial year, the developers were hopeful that the demand from the NRIs will pep up the sentiments in the realty markets.

However, the global slowdown and the resulting slump froze the bullish sentiments among NRIs. “Though a far-from-spectacular number of transactions have indeed taken place this season, generalised job insecurity and a desire to conserve available cash among IT employees abroad has curbed investment demand for high-end properties, Mr Dutt said adding that the response was “significantly muted” from the NRI community this season.

The sharp corrections seen in some larger cities has also led to an “acute wait-and-watch attitude among NRIs who - just like everyone else - are now very price sensitive”, he explained.

Source:Economics Times

Good News On Its Way For Realty Sector

2009-02-24T22:11:00.001-08:00

Rakesh Pathak is an MBA and works in Tata Forum. He is planning to buy a house in the range of Rs 30 lakh to 40 lakh. When he calculated the EMI on a loan for the prospective property, he cancelled the plan.

A house that suits his requirements is way beyond his budget - he is waiting for the home loans interest rates to come down. Like Rakesh, many middle class salaried people would like to buy a property through home loan - while others put money in shares, rather than invest in property.

Dr Mamta Chaubey, reader in Delhi University, wishes to buy a house through home loan. Though she is of the opinion that for middle class people a home loan is affordable, she is nevertheless reluctant to take the plunge as high interest rates have put a dampener on everything.

Sakshi Malhotra, working in an MNC, has been planning to buy a house for a long time She used to wait for prices to come down every year and would keep deferring her plans each year. This year, she was determined to buy property but the thought of paying a hefty EMI dampened her spirit.

One wants property price or interest rates to go down because real estate market is uncertain. With the worldwide financial crisis showing no signs of ending, India too, is keeping its fingers crossed.

Tremors are being felt everywhere - from the volatile stock market to the unpredictable rupee, and from the spiralling inflation to rising home loan interest rates.

Property is of two kinds - movable and immovable property. While movable property, also called chattels , such as money, securities and goods, which can be moved from one place to the other, immovable property such as land and the objects permanently attached to it such as buildings, constitute immovable property.

There also exists another property called intellectual property, which refers to the right over artistic creations or inventions.

Immovable properties have the essential characteristic that only the title to the property changes by virtue of the transfer, whereas, the physical location of it does not change. Property investment is usually referred to as real estate investment or investment in immovable properties or assets.

The investment in property essentially depends on the risks associated with it, that is to say, even if the venture succeeds when the future stream of income will accrue to the investor and the alternative investment opportunities.

Real estate investment can be attractive if viewed as a business opportunity ; it can generate rental income, using it as collateral to secure a loan for a business venture, to offset otherwise taxable income through cash savings on tax-deductible interest rate losses, or simply from the profits garnered from its resale.

Investment in property is treated as a long-term gain and investment professionals argue that 5%-20 % of investment portfolio should be directed towards property or real estate . So, everyone in this sector is waiting for some good news, to pick up the threads from where they left, at the beginning of the year.

Source:Economics Times

Tatas, Birlas to Invest in Real Estate

2009-02-23T22:05:00.000-08:00

Two of India’s large business houses, the Birlas and the Tatas, are looking at real estate as a major investment area, albeit in different ways.

While the Birlas, through a financial services arm, are offering real estate as an alternative investment option to clients, the Tatas are planning to develop surplus land held by group companies. The Tatas may also invest in the sector part of funds raised through recent public offerings.

These moves come at a time when real estate prices are correcting and low demand for projects has prompted large developers to default on financial commitments and project deadlines.

Aditya Birla Management director Ajay Srinivasan, who also heads the financial services business, said the conglomerate is merely gearing up for the future. “We are now putting a team in place and want to be ready when the time is right,” he told ET.

The financial services arm of the group is setting up a real estate and private equity arm for its wealth management units. To be headed by Sashi Kumar, the real estate business would be managed through Birla Sun Life Asset Management. The Birlas plan to subsequently launch two real estate funds, one offshore and the other local, for the sector.

Although funds will be raised overseas as well, the investment destinations will be in India and can include distressed real estate assets. Tata Housing Development, a real estate player, has already said that it plans to leverage its tie-ups with banks by developing properties on surplus land owned by other Tata group companies.

Tata Housing is now identifying excess landbanks owned by companies such as TCS, Voltas, Rallis India, Tata Motors, Tata Coffee and Tata Tea. Tata Capital, the financial services arm of the Tatas, is scheduled to close a largely successful non-convertible debenture issue on Tuesday; it has so far raised Rs 2,300 crore against a targeted Rs 1,500 crore. Although Tata Capital has said that it won’t lend to group companies, it has proposed to invest in most asset classes.

Anticipating a large value erosion in the realty space, Indian corporates are planning to float new funds to acquire assets in the domestic property market. Real estate funds such as Saffron Advisors have either floated or are in the process of floating funds with corpus ranging between Rs 500 crore and Rs 1,000 crore.

“As far as Indian realty is concerned, for the right projects, funds are still available,” said Saffron Advisors MD Ajoy Kapoor. “Conservative European investors, after conducting extensive due diligence and research, are more comfortable with investing in Indian real estate, provided they are able to align with right partners,” he added.

A few months ago, Munich-based retail aggregator Deutsche Capital Management underwrote $20 million for Saffron India Real Estate Fund I, an India-focussed real estate fund. DCM is raising a specific fund for investing in Indian real estate through Saffron Advisors.

Tough lending norms, unfavourable primary market and global financial worries have affected fund flow into the Indian property market. Real estate deals have fallen and fancy valuations by developers are being corrected to a large extent.

Source: Economics Times

Information That NRIs Need For Buying Real Estate Property in India

2009-02-23T04:15:00.000-08:00

In the case of NRIs there is a general permission to acquire any immovable property (other than agricultural land, plantation or farm-house property) by way of purchase, provided the payment is made out of foreign exchange inward remittance or any Non Resident bank account in India, i.e. Non Resident External Account - NR (E), Foreign Currency Non Resident Account - FCNR or Non Resident Ordinary Account - NRO account. Although immovable property is not defined, the same will include:

* Residential property being house property, bungalow, apartment, villas and all other kinds of residential properties
* Commercial property being shops, offices and show rooms
* Industrial property being factory premises and godowns
* Land for construction of any of the above properties

Acquisition can be made by way of

* purchase
* receiving the property as a gift
* inheritance, and
* share of joint property received upon partition of family or property.

Transfer: Although transfer is not defined under the Regulations, but the definition of FEMA, 99 [Sec. 2(ze) of F.E.M.A. 1999] will apply & include:

* sale for consideration
* exchange of property
* gift of property
* relinquishment of right in a joint property.

Repatriation of Sale proceeds: An NRI being an Indian citizen or a foreign citizen of Indian origin is allowed to repatriate the sale proceeds of an immovable property subject to the following conditions:

* the acquisition should be in accordance with the existing Foreign Exchange Laws (i.e. FERA, '73 or FEMA '99).
* the purchase price was met out of Foreign Exchange Inward Remittance or NRE / FCNR (B) account, and
* in case of residential properties, repatriation is restricted to a maximum of two properties.

The NRIs who are staying abroad may enter into an agreement through their relatives by executing the Power of Attorney in their favour if it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or developer, drafting and signing of agreements and taking possession). Rental income cannot be remitted abroad and will have to be credited to the ordinary non-resident rupee account of the owner of the property.

George Gonigal provides you the best and latest info on India Property and Real Estate India. He would also let you know about Real Estate in Gurgaon for NRIs.

Real Estate Trends For 2009 and Beyond

2009-02-20T03:45:00.000-08:00

Real Estate Trends For 2009 and Beyond
By [http://ezinearticles.com/?expert=Ryan_Tollefsen]Ryan Tollefsen

The year 2009 will likely be a year where trends in real estate will change greatly from what we have seen over the last ten years. Bank failures, stock market crashes, and government bailouts are bombarding the American public every day. It is no wonder that people who need to buy or sell a house are discouraged. Many would like to wait to sell their home but can't afford to wait due to job relocations, change in family size, or divorce among other things. The show must go on, but it will be done differently than it has in the last few years.

The prospective home buyer of this year will likely settle for less house than they would have five years ago but they will still want a quality home that they will be happy with for many years. Some buyers will still hesitate to purchase a home even with the real estate deals that are available today because they are waiting for an even bigger bargain. Many home buyers will have to continue renting to save up significant down payments to qualify for mortgage financing since the banks have tightened their lending standards.

It is likely that FHA loans will have a revival in popularity since a smaller down payment is required to qualify for these loans. These loans are expected to be a key instrument for homebuyers throughout 2009, especially first time home buyers. Some officials feel that these loans will have a great impact on jump starting the real estate market.

It is a fact that real estate agents will have to work harder to sell homes; homes will not sell themselves in the near future. Real estate agents will have to work as consultants with buyers and help them get qualified to buy a home; by researching what the buyer can afford and by helping the buyer find ways to obtain financing. Some real estate agents will have to relearn their job, it will require more to sell a home than sticking a for sale sign up in the yard and putting a few pictures in the local paper.

Research has shown that many buyers use the internet when searching for a home to purchase. Realtors will have to adjust to this surge in internet house shopping by providing more thorough websites with more virtual tours set up for homes they are trying to sell to attract out of state buyers. User friendly web tools to help prospective home buyers search for homes on the internet will be a plus for those realtors that want to attract buyers that can qualify for home financing.

Realtors are going to have to put one hundred percent into their work to locate buyers for their real estate listings and to help them find the help they need to get qualified to purchase a home. There won't be as many quick sales so the smart real estate agent will help those prospective buyers to ready themselves to purchase a home and hope that loyalty will bring them back when they are ready and able to purchase a home.

These trying times may bring us all back to reality and force us to adjust our ways to survive and possibly even benefit from the economic downturn that we are in. Home buyers will have to take a realistic look at what they can afford and what they have to do to get ready to purchase a home. Hopefully, when we look back at this period in history we will see that some good has resulted from this period of time.

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Article Source: http://EzineArticles.com/?expert=Ryan_Tollefsen http://EzineArticles.com/?Real-Estate-Trends-For-2009-and-Beyond&id=2001110

Seven Interview Questions to Ask a Buyer Agent

2009-02-20T03:31:00.002-08:00

Seven Interview Questions to Ask a Buyer Agent
By [http://ezinearticles.com/?expert=Joshua_Ferris]Joshua Ferris

Not all that long ago the concept of buyer agency (a real estate agent representing the buyer only in a transaction) was relatively uncommon to the real estate industry because, at the time, most agents represented the sellers of property or both parties.

Buyers of real property were in need of a real estate professional to represent their needs exclusively and buyer agency was born. Fast forward to today, there are tens of thousands of agents who represent buyers in real estate transactions so here are seven questions to help you find the right buyer agent for you.

How many homes have you sold in the past year? - The real estate industry is home to over one million practicing professionals and each agent can choose whether to work part-time or full time.

Sometimes you have an agent who may be licensed to help friends and family sell real estate and other times you have the full time professional who assists in the buying and selling of dozens of properties each year. Find out how many properties your buyer agent has participated in the sale of over the past 12 months to get a better idea of how much experience they have in today’s real estate market.

How many times have you represented the buyer only in a home sale over the past year? - The representation ratio is as important to the agent’s ability to help you as their overall sales experience. Ask your buyer agent how many times they have represented the buyer only in a real estate transaction because buyer representation and seller representation are two very different concepts.

What area do you sell the most homes? - When you begin looking for a home you will need to narrow down where your ideal living areas will be. Using an agent with extensive knowledge of the area you’re most interested in will aid you in finding the right home much faster. There are many real estate agents who specialize in one county, city or even one town!

What’s the most you have negotiated off a home’s price in the past 12 months? - Part of being a buyer agent is negotiating the best price possible for your buyer client. When interviewing your buyer agent you should know what their most recent successes have been for other buyers because there’s a very real chance you will see similar results.

There are agents who constantly push for the maximum possible price reduction before you purchase a home and there are also agents who will be happy if you buy a home at asking price without negotiating at all. It’s your money and future so knowing their negotiating success is crucial to your investment.

What type of incentives are being offered by builders and homeowners right now? - During down markets you will find a lot of home builders and sometimes even homeowners who offer incentives to entice you to purchase their home. Incentives can range from the seller paying closing costs and HOA fees to car leases and free appliances.

Do you have a network of contacts that I can use to make my buying process easier? - Who your buyer agent knows really does matter. What happens if you need a new home inspector at the last minute? Having a solid network of contacts will help streamline your home buying process making it much less stressful for you.

How quickly can I expect a response from you? - A big concern for home buyers is what is going to happen once you do start the home buying process. Will your agent be available by phone, text or email? Will you have to wait three days for a response? These are important questions to ask before you choose your buyer agent.

Knowing more about your buyer agent will make you much more comfortable about working with the agent and give you a better relationship to candidly discuss aspects of home buying like sale price, contingencies and what to expect throughout the transaction.

Joshua Ferris is an associate real estate broker in Orange County NY and specializes in both [http://housemeetsowner.com/orange-county-new-york/monroe/]Monroe New York and [http://housemeetsowner.com/orange-county-new-york/newburgh/]Newburgh New York real estate.

Article Source: http://EzineArticles.com/?expert=Joshua_Ferris http://EzineArticles.com/?Seven-Interview-Questions-to-Ask-a-Buyer-Agent&id=1805235

Bangalore - Discovering New Growth Corridors

2009-02-20T03:31:00.001-08:00

Bangalore real estate market is the targeted hub by all the leading international companies. The high property value in the city could not able to stop the realty majors to enter the city.

Bangalore properties are always in demand for some or the other reason. The Central Business District of the city is already on the verge of saturation but still the demand is high.

The city is expanding to the peripheral areas in order to accommodate the real estate development activities happening at fast pace. Bangalore real estate builders are playing a crucial role in planning their projects. They are discovering new and untouched areas in the city and are building their projects there to save the city from decongestion.

Bangalore Real Estate Developers are constructing their projects in the new areas such as Whitefield, Old Madras road, Devanhalli, Nandi Hills and other small districts which are few kilometers away from CBD but have some open spaces.

The government is working on the strategic development across the city to solve the growing traffic problems. Residential, commercial and rental sectors in the city are facing huge demand of quality space which is better located and easy to travel.

Bangalore new airport is the perfect example which is located on the outer ring road and it takes 2 hrs to travel from CBD but has relieved Bangalore from long traffic queues which are used to happen at old airport at Indira Nagar. To buy an apartment in Bangalore most of the people prefer peripheral and outer ring road areas so that they can enjoy their life. Also the prices across the peripheral areas are somehow less as compared to the central region and Bangaloreans can find premium apartments their only.

The city is opening new growth corridors for Bangalore real estate development to happen.

George Gonigal provides you the best and latest information on Bangalore Real Estate.

If you want to Buy Apartments in Bangalore, he suggests you log on to magicbricks.com

Hyderabad - The Next Commercial Hub

2009-02-20T03:30:00.000-08:00

The boom in the Hyderabad real estate sector has still not been able to satisfy the growing demand from corporate looking for ready-to-occupy properties. IT and ITes are continuing to drive the market. IT professionals are vying to buy an apartment in Hyderabad.

Moreover, it’s the commercial market which is driving the residential property segment in the city. Hyderabad real estate developers feel that, in next few years BPOs and call centers, software offices and back offices of financial institutions will occupy the maximum space. Property consultants expect the upward trend in prices to continue, even as the State Government frees up land in different parts of the city and the outskirts. Land availability will facilitate the creation of corporate office space.

In Jubilli Hills, central business district of Hyderabad, capital prices of plot range from Rs 80,000 to 2 lakh per sq ft. Retail property in CBDs is around Rs 3,500- Rs 10,000 per sq ft. Multiplex are the trendy and upcoming way of commercial activities ranges from Rs 10,000 per sq ft and goes above. The rental value in this area is Rs 30,000-60,000 per month which is high in comparison to other commercial localities.

Many new commercial projects are on the cards by big national developers. Raheja group has acquired 100 acres in Gundla, Pochampalli, Delhi based DLF has acquired 3 million sq ft land for commercial activities, Godrej Properties will be setting up an IT Park on 34 acres of land at Pattancheru, Parsvanath has a mall-cum- multiplex, and a hotel project coming up in the city, Ramkey group is venturing into commercial development in the city.

Hyderabad properties are fast becoming the preferred choice for investors. The city not only provides quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks and campuses, an international airport. Mall culture, new airport and subsidy in stamp duty and registration charges of property are other key factors of high rise in the value of Real Estate in Hyderabad

George Gonigal provides you the best and latest information on Bangalore Real Estate Developers, If you want to Buy Apartments in Hyderabad, he suggests you log on to magicbricks.com

Investment in Gold and Real Estate

2009-02-20T03:29:00.000-08:00

Investment in gold and in real estate both has their fair share of pros and cons. Following are some of the advantages and disadvantages of investing in gold and real estate.

Gold: Gold is best suited for a long time investment. The demand for gold has always been robust. The process of buying and selling with gold is quite quick. It offers near zero risk of value depreciation.

One can even invest in gold online, nowadays. Investors can now buy, sell and virtually trade in gold commodity just like any other stock or equities. This has been a driving factor for many to invest in gold because investing online reduces the risk of actually owning the metal.

Gold prices are generally not affected by the fluctuation in the currency. The gold price does not rely on potency of the currency. Also, the price of gold is not influenced by any kind of political instabilities or crisis.

However, gold doesn't provide any immediate appreciable income. The value of the income has to be seen over the long term.

Real Estate: There are multiple ways of earnings in real estate. Investment in real estate can be long term and short term. It also ensures regular inflows by way of rentals. It can be used as collateral to secure a loan and to counterbalance taxable incomes. The profits earned from property resale are apparent.

But like any other investment option this too comes with a tag of risk. The real estate market is unpredictable and comes with no guarantee. Although a large number of investors have been successful and earned huge profits with real estate investing, there is no guarantee that it is going to be same for everyone. However, one can be and should be careful and aware. Take time to familiarize yourself with the real estate market, the market terminology and investment options and processes.

Investing is a crucial decision, it has money on stake. The risk factor is common. But knowledge, awareness and clarity of your own requirements are the keys to decide upon which investment to opt for. Both of the stated investments can offer lucrative returns. Choosing one of them as an investment option requires assessment of the money one can outlay and the objective of the investment. Understanding of the market is very important.

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Elevated Expressways to Interconnect Bangalore

2009-02-12T01:45:00.000-08:00

Bangalore is hasty on the growth and development front occupying the brand name of the first IT hub in India. The Bangalore real estate developers have provided the city first class infrastructure to serve the demand. The soaring number of IT and ITeS has given Bangalore a new name but also set of problems in correlation. Bangalore is facing a major time traffic congestion problem these days owing to the large number of migrants.

The city is overcrowded with floating population who has migrated to Bangalore either for studies or for job purposes. The city roadways network is not at all sufficient to cater to the rising demand as told by the Bangalore real estate builders. The tripled number of public and private vehicles on the road without any change in the road network has led to long traffic jams and queues resulting in long traveling hours. To buy an apartment in Bangalore these factors play a crucial role.

The Government has decided to take some initiatives to advance the present road network. Bangalore peripheral and outer ring road development is the one step in this field to divert the traffic flows.

Another major step in the plan is to construct an elevated corridor. The State Government is coming up with a new project costing Rs 2,800 core to construct an elevated expressway linking Bangalore South with Bangalore North and the other to link East and West. The north -south stretch is approximately 17km long while the other is 10km long.

It is expected that the project will be completed in 24 months after initiation and some space and regulated traffic flow can be seen on the roads. The two elevated expressways will meet at Vellara Junction. This will definitely decrease the traveling time giving some degree of satisfaction to the people. Bangalore Real Estate Developers are aiming that these expressways will also boost Bangalore properties.

George Gonigal provides you the best and latest information on Properties in India, If you want to Houses for Sale in Bangalore, he suggests you log on to magicbricks.com

Chennai Real Estate - Forging Ahead

2009-02-11T01:26:00.000-08:00

India's real estate development is expected to grow at a pace of 30 per cent annually. This has a direct impact on the mega cities, especially the four metropolitans that provide real estate opportunities to grow manifold. Chennai real estate cannot be far behind.

There has been a huge demand for real estate in Chennai amongst the commercial and residential properties. In recent years, the city of Chennai has experienced a complete turnaround in its all-round infrastructure. The combined initiatives of the Government of Tamil Nadu and the Central Government are paying rich dividends in terms of approval of real estate projects related to infrastructural upgradations in Chennai.

Tata Realty and Infrastructure Ltd (TRIL) announced an agreement with Tamil Nadu Industrial Development Corporation (TIDCO) to jointly develop an IT special economic zone (SEZ). TRIL is a new enterprise of Tata Sons Ltd, the holding company of the Tata Group.

The SEZ will be implemented in two phases - the first phase of 2.30 million square feet will be ready by end-2009 and the remaining 1.70 million would be completed by 2011. TRIL has embarked on several projects for real estate and infrastructure development.

Located on a 25-acre plot in Taramani, the SEZ will include a five-star hotel or service apartments, an international convention centre and help generate direct employment for 40,000 people and indirect employment to another 15,000. Chennai real estate most certainly contributes in boosting economy of the state.

Not only Chennai Real Estate is developing rapidly along side the government of Tamil Nadu but also foreign developers are showing valuable interest in the Chennai real estate. For instance, the Lee Kim Tah Township development in Siruseri, near Chennai, reflects the success of Singapore companies who have forged successful partnerships with their Indian real estate counterparts.

George Gonigal provides you the best and latest information on Chennai Real Estate Builders, If you want to Houses for Sale in Bangalore, he suggests you log on to magicbricks.com

Kolkata Real Estate - Following Metro Trends

2009-02-10T04:00:00.000-08:00

Real estate in Kolkata is undergoing industrial and residential development since long. Trying to catch up with the trends in other metro cities Kolkata is also opening doors to modern day real estate constructions. People buying apartments in Kolkata are now looking for premium lifestyle options.

Kolkata real estate developers are constructing efficient buildings so the people investing in real estate need not to think about the quality of construction. According to real estate agents, people consider things like locations, the amenities and also the builder before buying a property in the city. Typically, apartments in Kolkata have less property prices as compared to other metro city.

Home buyers have plenty of options available for them in the market as Kolkata properties offers range of housing from the affordable to the posh and expensive. To buy an apartment in Kolkata the prices would vary distinctly depending upon location and infrastructure.

Real estate developers like DLF Group, Unitech and Diamond Group are launching their residential projects in the city leading to appreciation in property prices.

Key residential areas in Kolkata where property prices are higher than others are Belvedere, Ballygunge, Southern Avenue, Lower Circular Road and Park Street. The apartments in the city have strong feasibility both for rental and resale. The growth of the software industry around Salt Lake and Rajarhat has generated strong influx of manpower from all over the country. As a result there is a great demand for rental housing. All this has led to apprehension in Kolkata Real Estate market.

George Gonigal provides you the best and latest information on Kolkata Real Estate Builders, If you want to Buy Apartments in Kolkata, he suggests you log on to magicbricks.com

Gurgaon Properties - Forever High

2009-02-09T01:19:00.000-08:00

Gurgaon real estate development has comparatively given a stiff competition to all those satellite towns that are adjoining the national capital of Delhi such as NOIDA or Faridabad.

In spite of the present downturn in Indian real estate that results in a temporary dip in the land availability for real estate development, Gurgaon properties forever seems to be riding a high wave. So much so that big projects fall easily in to the lap of Gurgaon real estate. For instance, Ansal API who is ready to develop 250 acres SEZ in the near future.

The premier choice for development for most real estate builders still remains to be Gurgaon due to many reasons. The ever expanding city is strategically placed between the national capital, Delhi as well as Jaipur, the state capital of Rajasthan. Three- to four-bedroom flats in Gurgaon and its suburbs like Manesar or even Neemrana are much in demand as an investment option.

Renowned real estate builders such as Suncity are building Suncity Arcade as a commercial complex that is armed to be a crowd puller with its shops, restaurants and showrooms, beautiful ambience, convenience and modern facilities. This is proposed to be one of the most happening commercial complexes of Gurgaon real estate.

Currently, Gurgaon is flanked by the multinational companies and residential colonies giving rise to an acutely growing need to have many more commercial complexes in Gurgaon. The group housing society and residential areas like PhaseV are the potential customers of Suncity Arcade.

Gurgaon properties forever seem to remain the hot choice for Gurgaon real estate builders for multiple reasons. All that is needed is to alert the senses to balance our pockets with the choice of property investments in Gurgaon Real Estate.

Jaipur - The Latest Real Estate Trends

2009-02-06T01:35:00.000-08:00

Jaipur, also popularly known as the pink city is largely famous as a tourist destination. Last few years has seen a lot of developments in terms of IT/ITES companies entering the Jaipur market due to affordable labour and cost of operation. As a result Jaipur properties have seen a lot of developments in terms of property transactions.

As the ratio of demand to supply is deficit, there has been remarkable escalation in the Jaipur properties rates. The infrastructure is now powered by connectivity with the 8-lane expressway and proximity to international airport. This city is set to go up to 25-30% by 2010.

Jaipur real estate builders are of the view point that investors are ready to buy apartments in Jaipur but the demand has shifted from the Walled City or Old Jaipur to locations like Ashok Nagar, C-Scheme and Lal Kothi. Vidhyadhar Nagar, Vaishali Nagar and Mansarovar.

These upcoming residential locations are mainly on the outer fringes of city. New residential projects like Omaxe City, Sushant Lok, Parsvnath Narayan City, Amarpali and Vatika are coming along Ajmer Road, Tonk Road and Kalwar Road.

In the residential segment, Bani Park, Malviya Nagar and Raja Park have also witnessed a decent appreciation in the last two years. Jaipur Real Estate Developers are of the view point that recent trend is seen that most of the investors are readily buying apartments in Jaipur and converting them into serviced apartments.

As most of the tourists prefer these serviced apartments in comparision to hotels as it gives them a homely experience.

George Gonigal provides you the best and latest information on Gurgaon Real Estate Builders, If you want to Buy Apartments in Jaipur, he suggests you log on to magicbricks.com

New Or Resale Property - Making a Choice

2009-02-05T01:36:00.001-08:00

Making a choice of buying a resale or a new house largely depends on individuals need and requirements beside other factors. There are plenty of options available in the resale as well as new property market. However, both types of properties have their set of pros and cons. There are many factors which guide an individual’s choice for a buying a resale or new house.

Location - New projects generally come up in suburban and peripheral areas while resale properties are available in the main city as well as the suburban areas. So, location preference is critical while finalizing an option. It will also be related to the security aspect. Since, resale properties are available in main city areas they are more safe than new projects in distant localities.

Infrastructure - Linked to location is the infrastructure facilities. Resale properties are available in the main city and also on the outskirts. So, those on a look out for a home in the main city opt for resale houses. Infrastructure facilities, connectivity and transportation network are well laid out in the main city areas. However, availability of these facilities could be a problem with new projects coming in developing localities.

Making your own home - One reason buyers opt for the new construction is that they have the freedom to customize the house according to their choice. As L K Mehta realtor says, “The younger segment of buyers take a lot of interest in the designing aspect of the house. They go for new constructions so that they can decide on the color scheme for their house, furnishing and fixture options, flooring, walls, tiles as per their wish.”

Wide range - A new home buyer have wide range of choices. There is an array of new projects by different developers. Each project offers an assortment of features and amenities. One can select a home basis what all features they want and how much they can pay for it.

Budget - A very important consideration is budget - how much one can spend. Resale properties generally are priced higher. This is because they are situated in a developed locality with well laid out infrastructure. New projects are priced comparatively low. Moreover, one has a varied range of new properties to choose from and can bargain as well.

Maintenance - The maintenance cost of new house is minimal. Depending on the age and quality of the building maintenance cost of resale property can vary.

Innovations - Developers today don’t hesitate to try on new concepts and technologies. With wi-fi, intercom and other such facilities new projects offer contemporary homes. Also, the concept of environment safeguard is increasing among the developers and buyers are also getting conscious of the same. So, new projects tend to be more eco-friendly. Green buildings, eco-friendly building material, eco-products - paints, furnishings are new concepts and many developers are incorporating then into their new launches.

The crux of the matter is that a buyer has to be vigilant and clear about his requirements while making a choice.

George Gonigal provides you the best and latest info on Real Estate India. He would also let you know about where to buy property in India and sell property in India.

Bangalore – Discovering New Avenues

2009-02-04T03:52:00.000-08:00

Real estate in Bangalore is witnessing a smooth growth in real estate sector. The city is exploring new growth avenues and corridors of development. Bangalore city is finding its satellite town which can act as a magnet attracting the bulk of population from Central Business District region. The city is facing the similar kind of problem like that of Delhi.

Bangalore is also adapting the expansion approach and the city is stretching its boundaries vertically as well as horizontally. Bangalore properties are exploring some unidentified areas that can be innovatively used for residential and commercial purposes. Today there is lot of development happening at Sajapur road, HSR Layout, Brigade Road, Old Madras Road and Jaynagar. All these areas are slightly away from CBD. These places are convenient options to meet the rising demand of residential and commercial spaces.

Bangalore Real Estate Developers are actively adopting the same methodology and buying land accordingly. Purvankara developer at Bangalore is constructing its upcoming projects at Brigade Road, Sanjay Nagar, RMV, Kanakpura and Yehlanka. These localities are situated at outskirts of the cities so development at these places will not lead to any kind of congestion or any other problem in the city.

Moreover the local property dealer said that houses for sale in Bangalore are gaining momentum only in these areas. This is because of presence of space and infrastructure. People want to enjoy their life rather then spending maximum time in commuting. Physical infrastructure across these places is also growing and more number of schools, educational institutes, local medical stores, nursing home and local shopping complexes are being constructed.

Real estate in Bangalore is always an active and innovative industry which keeps on experimenting in identifying new channels of growth. The city always makes sure that the development doesn’t create any problem in the path of progress.

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Aquila Heights-Tata Housing Project - Triggering Bangalore Real Estate

2009-02-03T01:52:00.000-08:00

Bangalore real estate is all set to add a new chapter in its profile by re-framing the infrastructural design of the city. The IT triggered city is soon to revolutionize the real estate industry by constructing the tallest building. Tata Housing Development Co. Ltd is coming with their new residential project which is going to be a tallest grade A building.

A 32 Storey residential apartment is planned to be constructed at HMT near Jalahalli. The project is named as Aquila Heights is luxury apartment housing for the elite class of people. With this news Bangalore real estate markets already experienced some activity. Bangalore properties are witnessing some price hike as the residential values across the nearby localities are appreciated.

The project spreading over 6.3 acres of land is designed by Singapore based architects Ong and Ong Ltd. The structural design is such that approximately 89% area is left as open space. The project is estimated to complete by 2010. Huge amount of investments are being made by the investors and foreign investments can also be seen.

The luxury apartment is designed to facilitate the premium class and is featured with the all comfortable as well as lavish amenities. Features such as TV monitored lobby, video doors phones, outdoor fitness area, boom gate, space for billiards, badminton, gym, table tennis, kids playing area, swimming pool etc. Interiors of the apartment is constructed to give a superior finish and to give a perfection touch. Use of vitrified tiles on the floor, acrylic paint, aluminum glazed windows etc are the few parameters taken in account.

Bangalore Real Estate Builders are saying that investment in Aquila height is going fetch high returns in coming years as the project is related to the sense of pride to live in the tallest building in Bangalore. With all this Bangalore property is again ready to set an infrastructural trend in the country.

George Gonigal provides you the best and latest information on Properties in India, If you want to Rent Property in India, he suggests you log on to magicbricks.com

Properties For Sale in India

2009-02-02T01:36:00.000-08:00

A fundamental real estate investment mantra in India is that emerging localities are preferable to established and often saturated ones. Expressing their views on real estate markets in the year ahead, property consultants say that established areas eventually reach a peak in terms of appreciation potential, after which the growth rate either slows down or stagnates, moreover, there is little scope for new market drivers such as malls to find a place in saturated localities-where, property prices remain high.

According to property consultants Jones Lang LaSalle, this is not the best of scenarios from an investment point of view, since optimal investment requires low entry levels and appreciable growth within a realistic time-frame. Therefore, as one or the other destination reaches its peak potential on all these counts, new ones come into the limelight. Here is an overview on some emerging Properties for sale in India:

. Chandigarh: Though there has been a lot of speculation on Punjab's real estate market, Chandigarh is among the emerging cities that are seeing very encouraging real estate trends. It is India's first planned city, and it conforms perfectly to the key parameters by which we judge a city's growth - property market, people, physical infrastructure, social infrastructure, and business environment. Areas where properties are available for sale include Panchkula (Rs. 2500-3000/sq.ft.), Mohali (Rs. 1500-2500/sq.ft, Dera Bassi (Rs. 1300-2000/sq.ft.) and Zirakpur (Rs. 2700-3200/sq.ft.).

. Indore: Indore's Real Estate star is fundamentally on the rise, and offers good investment opportunities in project with low entry cost that are located in an area with good appreciation potential. Areas where properties are available for sale : Vijay Nagar (Rs. 3000 - 10000/sq.ft.), Bypass, A B Road (Rs. 3000 - 10000/sq.ft.), Rau (Rs. 600 - 1200/sq.ft.), Gulmohar Colony (Rs. 3500 - 6500/sq.ft.), Green Park Colony (Rs. 800 - 3500/sq.ft.).

. Nashik: Nashik is displaying an increasingly buoyant industrial scenario, with considerable growth expected in the IT/ITES industry. Overall infrastructure and connectivity Mumbai and other regional towns is improving rapidly, lending increased credibility to Nashik's real estate market. It is a vertex of the Pune-Mumbai-Nashik Urban Golden Triangle.

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International Trade Park( World Trade Park (WTP))to Redefine Jaipur Real Estate

2009-01-30T02:29:00.000-08:00

Jaipur real estate will soon have a new milestone in the form of an international trade park, World Trade Park (WTP), to its credit. The project boasts of an eco-friendly office property with water and energy conservation techniques, automatic sensors for power saving, centrally air conditioned, wireless LAN and IT friendly environment.

The foundation stone for the World Trade Park, a business-cum-shopping centre was laid in 2005. Established by RF Properties and Trading Pvt Ltd, the park spreads over an area of 20,000 sq. yard. It has offices, a convention centre, retail outlets, exhibition halls, a five-star hotel, and a two-screen multiplex, trade lobbies, an art gallery and a computer-controlled parking for 1,100 vehicles.

The trading park is perceived as a nucleus of world trade in South Asia. It will provide Global Business amenities under one roof, further crafting Jaipur as the international trade capital of the country.

Project update

Commercial property market in Jaipur is being redefined with landmark constructions like the World Trade Park. The WTP is surrounded by posh shopping malls like The City Pulse, Crystal Mall, Crystal Palms and the Crystal Court. Other mega projects that are about to come up in Jaipur include, Mahindra World City project in collaboration with RIICO, which will be a multi-product Special Economic Zone. A film-city project worth Rs 1,900-crore on 1,000 acres in Jamdoli is also on the cards.

In March 2007, the State government, proposed a Science City in Jaipur to be developed with the International Convention Centre. A "Mini India" theme park on 50 acres sharing space with a golf course and a cricket academy is also there in the foresight.

Amid a number of forthcoming huge commercial projects the real estate in Jaipur is resolved to continue its vigorous upward trend. "With WTP playing a perfect escort in a new age world of trade and industry, it would help put Jaipur on the world map", property experts of Jaipur comment.

For more details on Jaipur Real Estate, log on to magicbricks.com

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Dharavi's Profile in Mumbai Real Estate

2009-01-29T04:01:00.000-08:00

Dharavi, the thriving 200-hectare of land in the heart of Mumbai, home to over a half million people, is one of Mumbai's prime properties.

With real estate values sky-high in Mumbai and a key commercial district on the cards in north of Dharavi; a multi-billion dollar redevelopment plan for this area is now up.

Booming economy

An annual business turnover of more than $650m (£350m) a year is what Dharavi's contribution to Indian economy is.

Dharavi has a hefty number of flourishing small-scale industries that manufacture embroidered garments, export quality leather goods, pottery and plastic. Most of these products are sold in domestic as well as international markets.

Apprehensive of impending redevelopment plans, residents have raised their concerns fearing uncertainty over the relocation of their small businesses in the informal sector.

The existing residents are believed to be shifted to apartment units. Mumbai is offering them an area of 225 sq.ft each in apartment blocks but there is no space allocated for their prolific enterprises, say media reports.

An 'affordable' alternative

Moreover in a city where house rents are among the highest in the world, Dharavi provides an economical and affordable option. As Dharavi is situated between Mumbai's two main suburban rail lines, majority of people find it convenient for work.

According to industry sources, rents here can be as low as 185 rupees ($4/£2.20) per month.

Future Outlook

Dharavi's location has made it a hot property in Mumbai Real Estate. The redevelopment project is estimated to cost $2.1bn (£1.1bn) but intended for a city that personifies India's hopes of becoming an economic competitor to China this costs zilch.

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New Horizons of Lucknow Properties

2009-01-27T22:47:00.000-08:00

Rapid growth of real estate in Lucknow has changed the demographical scenario of the city as well. Being an old city there is not much space left in the core city for further development. Therefore, Lucknow real estate builders are now shifting focus and launching their projects especially in the outskirts of the city.

The transformation of Lucknow real estate market can further be accredited to the surge of construction activity primarily in the residential sector. Lucknow real estate developers are coming up with number of township projects on the outskirt of the city.

One such project by Sahara City Homes is in full swing and the possession of property will begin in the year 2009. A total of 30 blocks are under construction. These 30 blocks will house 1620 residential units. The construction of other blocks will commence by the end of this quarter. This project is spread into 175 acre on Hardoi Road.

Besides, Eldeco is developing a 200 acre project, called Eldeco Town on Sitapur road. The range of these apartments is between Rs 20 - Rs 50 Lakhs. Other national builders like Omaxe, Ansals, Parasvnath, Rohtas are also developing their residential project in the suburb of the Lucknow.

The localities of Gomti nagar, Mahanagar, Janakipuram and Indiranagar have now developed as the new residential centers. To buy a 3 BHK (1775 sq ft) apartment in Gomti nagar, Lucknow one has to shell out around Rs 35 Lakhs. The rent in Gomti nagar is about Rs 10,000-14,000 per month. On the other hand, the capital value of a builder floor apartment in the Aliganj and Jankipuram ranges around Rs 25 Lakhs for a 1000 sq ft area. The rental value in Aliganj is approx Rs 9,000 per month and it varies according to size and floor of the apartment unit.

During the past few years, the real estate graph of the city has grown manifolds. Biotech and IT are the two focus areas to promote economic development in and around the city. According to Lucknow real estate agents, the increased employment opportunities and good salary packages has created an added demand for Lucknow Properties.

George Gonigal provides you the best and latest information on India Real Estate, If you want to buy Real Estate in Lucknow, he suggests you log on to magicbricks.com

Affordable Housing - Call of the Day

2009-01-27T03:36:00.000-08:00

Delhi real estate builders affirm that, the recent slump in real estate might have put a dent in the property market but the demand for Delhi properties remains promising. Rising property prices may have cut down on the actual transactions but there are a lot of interested buyers in the city.

The industry data reveals that, at present there is a huge demand supply mismatch in the price category of below Rs 40 lakhs and below Rs 75 lakhs where demand outstrips supply. There is excess supply in the price band of above Rs 75 lakhs and the demand for the same is low.

For long the builders are launching premium housing projects. As a result the available properties are coming at higher per unit price. There is demand-supply mismatch and also divide between what people want and what they are getting.

With a view to tackle the difficult times in realty sector Delhi Real Estate Developers are changing tracks. Sighting the fact that thee is very little supply in the affordable home category, the developers are now coming up with low cost houses.

Also, as Delhi Development Authority’s plans to release around 6000 flats which will cater to the lower price segment, private developers in the capital are also forced to change their policy. According to Delhi real estate agents, "developers mean business and they have observed a growing demand for low cost housing units, hence are coming up with costumer-conducive schemes.

Renowned realty major Unitech, recently tailored the offerings in its premium property Nirvana Country so that it appeals to masses rather a particular section of society. The independent floors now start from Rs 40 lakhs, which earlier cost upwards of Rs 1.5 crore.

The salary packages haven’t moved as fast as the property prices. However, buying a home or an apartment in Delhi is a dream everyone nurtures. Besides, when there is supply and corresponding demand in the market builders see no way why they don’t modify there products. Moreover, to be in the business they have no other choice.

George Gonigal provides you the best and latest information on Delhi Real Estate. If you want to Houses for Sale in Bangalore, he suggests you log on to magicbricks.com.

Apartments in Delhi - A Good Investment Option

2009-01-24T02:05:00.000-08:00

Delhi is the national capital and also one of the best destinations for investors to buy property. Delhi having an advantage of good connectivity with most of the cities in India houses the top most corporate houses in the world. The main upswing of construction activities is going on in New Delhi, with number of residential as well commercial spaces being developed by prominent real estate developers.

DDA has drawn up several plans for next two years including mega housing project in Dwarka, Bio-diversity Park housing over 5,000 species of flora and fauna along the Yamuna banks, a spiritual garden forming a link between South Delhi's three major temples in Kalkaji.

Ansal Properties is all set to carve a substantial niche for itself in Delhi with its real estate projects: Ansals Sushant City and Valley View Estate. Being the IT hub of India, Delhi proves to be the center for real estate transactions in the country.

With the increasing influx of students and tourists in the city, Delhi Real Estate Developers have started coming up with the idea of service apartments a concept borrowed from the West. The service apartments in Delhi are fully furnished and provide a nice staying experience in Delhi. They are are becoming very popular amongst these international tourists and students as they are cheaper than the hotels and give them a nice, secured homely experience.

With unavailability of land in rest of Delhi, Dwarka has become apparent choice for real estate developers in Delhi for constructing apartments. Investors are readily interested in buying apartments in Delhi as the rental values have also sky rocketed in the past few months. Moreover, with growing crime rates people are very all these apartments.

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Chennai Real Estate - It's a Consumer's Market

2009-01-23T04:07:00.000-08:00

Undergoing the period of correction for the past 6-months, Chennai real estate markets have finally started to stabilize, however the demand curve is still observed moving horizontally. As per industry reports, the city absorbed a meager 13 per cent of the total supply of the residential space in the past quarter.

Chennai real estate received fresh additions of 3.4 million sq. ft of housing in the past quarter although a meager 0.47 million sq. ft of space was absorbed, studies point out.

Now that the prime banks like SBI, HDFC and ICICI have cut the interest rates on home loans, the markets are likely to catch up and real estate developers expect good time ahead this winter season.

Impact on prices

According to the Chennai based professionals, capital values in the residential real estate in Chennai had reached staggering levels that in fact were termed as unrealistic by buyers.

But now prices are almost down by 20 per cent, says R Ajay of Tirupati Real Estates. "But you cannot actually gauge that whether price corrections are spiking demand or not. Most of the new projects in the property markets of Chennai are actually making an oversupply and there is no junction between the volume of demand and supply," he adds.

Meanwhile, the prices of residential units in the sub-urban areas have moderated at the levels of Rs 2,500-4,000 per sq. ft, after peaking at Rs 5,000-Rs 6,000. The basic notion behind development of sub-urbs is generally low price range and if this factor escalates, there is no point people will consider buying properties in sub-urbs, Professor Raghu Aiyar commented.

Also, the investors who were expecting instant returns of 25-30 per cent on their property investment in Chennai are at tenterhooks, as the markets have been gradually shedding off all the speculative tendencies.

Outlook

It's a consumer's market. Chennai Real Estate will add as many as 25,000 apartments in the next 12-24 months, from more than a dozen of townships alone and construction of standalone apartment buildings will further accumulate over the total additions.

In this scenario, the supply side would outstrip demand curve and of course, property sellers and developers have to downscale their margin expectations, say market analysts.

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Chandigarh Real Estate - More Investments, Few Takers

2009-01-22T03:22:00.000-08:00

Chandigarh real estate is witnessing testing times. On one hand, there are more investments pouring in the segment and on the other side property buyers and sellers are not very enthusiastic about property transactions.

The overall, economic recession has caused stagnation in the country's real estate segment. Chandigarh's property segment, too, is witnessing a similar trend. Property brokers in Chandigarh say that real estate values have stagnated. Chandigarh Property prices for plots in suburban areas like Baltana and Kharar have stooped down to as much as Rs 100 - 200 per sq yard. This is almost 20% decline in prices when compared to corresponding quarter last year.

Property sellers in Chandigarh see this as a temporary phase and are holding on to their land assets. They hope that real estate prices will increase in next six months and this is when they will make profits. Property buyers, however, say that Chandigarh Property Prices are nominal still. They have few choices as there are not many sellers in the markets as of now.

Recent developments in Chandigarh's property segment are worth noticing. Delhi-based developer Parsvnath has bought 38% stake in Sabeer Bhatia's Nano City Project. Nano City is a commercial and residential project in Chandigarh and will be completed by 2010. Market sources say that Bhatia is already scouting IT clients to open offices in his Nano City. This will bring more employment, and thus many more property users and home seekers to Chandigarh.

For now, one will have to wait and watch. Property market is expected to be buoyant in some months. This may be a breather for investors who have put their money in properties at Chandigarh.

George Gonigal provides you the best and latest information on Chandigarh Property Prices, If you want to get India Real Estate News, he suggests you log on to Magicbricks.

Chennai Real Estate - Victim of Market Slump

2009-01-21T01:55:00.000-08:00

Real estate in Chennai is on the verge of a crashing market, believes industry experts. Chennai property prices have seen an escalation of almost 200 per cent in the last few years. But with the global slump in the real estate industry, Chennai real estate has also slowed down.

Number of Chennai real estate developers has been able sold only a few of their properties in the last quarter. R Mohanty, real estate agent from Chennai states, "The residential real estate prices in Chennai have grown by leaps and bounds making it difficult for buyers to purchase a home in the city. The increased loan rates have now made it worse. Though the prices are witnessing correction people are awaiting the market to further stabilize."

Research reveals that there has been a 90 per cent drop in demand for residential projects since the start of the year.

Notably, Old Mahabalipuram Road, the hottest real estate destination in Chennai is also loosing pace. Cursing the fading effect of the place on lack of infrastructure facilities, Chennai real estate agents say there have been only a few transactions in the area for quite sometime.

The commercial sector is also witnessing a downfall. The Central Business District in Chennai has seen a 15 per cent drop, media reports.

IT companies largely drive the demand for Chennai properties but due to the current market recession many companies have postponed their expansion plans. As a result supply of office space in the city has exceeded demand. Huge chunks of office space are lying unoccupied. Subsequently, Chennai real estate builders are now waiting to launch their projects.

Besides global recession, inflation, the rising home loan rates and increasing input costs have also resulted in slump in property transactions in Chennai. Realtors in Chennai are struggling to sell properties. Though price correction is taking place in Chennai Real Estate sector but realty experts predict that the market will bounce back.

George Gonigal provides you the best and latest information on Chennai Real Estate Builders, If you want to Rent Property in India, he suggests you log on to magicbricks.com

Gurgaon Real Estate - Slump Continues

2009-01-19T22:40:00.000-08:00

Gurgaon properties have seen a vital growth in the city's development, thanks to Gurgaon real estate builders. The DLF Group is one of the foremost real estate development companies of India that have majorly contributed in the development of Gurgaon. The company is widely known for the development of both commercial and residential projects in Gurgaon.

However, the Gurgaon real estate developers are also facing a certain challenge like their counterparts in other parts of the country. Those economic drivers that form the basic spinal chord for running the property business, are facing a downward trend. This is the major reason currently that has further resulted in pushing down the demands for buying of property.

The current trends disclose that there is apparently a clear drop in the interest of property purchase by the end users. There seems to be no sign of recovery at least for the next one year, claims a local broker based out of Gurgaon. This is the reason why real estate in Gurgaon is undergoing a lull.

According to a market survey, more than one-third of the residential units in the newly constructed projects in Gurgaon are lying vacant. However, the Gurgaon Real Estate Developers do not disclose this fact to dissuade the buyers.

But the positive side is that all those who are really interested in buying property in Gurgaon can go ahead and negotiate with the real estate agents at Gurgaon.A lot will depend on your negotiating skills is so go ahead and take a chance. Gurgaon properties are waiting of you.

Points to Remember While Buying a Pre-Owned House

2009-01-19T02:18:00.000-08:00

Be it a new house or a pre-owned house one need to be careful and vigilant before finalizing a deal. Pre-owned houses have negotiable and wide range of price options to choose from. They have established infrastructure facilities - physical and social. Plus, they are ready-to-move-in homes, complete with basic furnishing. One can opt for a pre-owned home on the basis of individual and family requirement and the budget.

Money, location, appreciation, transport and connectivity, accessibility, cash in hand and mortgage options are all important factors of the process. Pre-owned houses are generally ideal for people who have an immediate requirement of a home to reside in.

Beside location and neighborhood, it is important to consider architectural design when buying a pre-owned home. Take into account the quality of construction of the property. Read the floor plan and assess the quality of paint, furnishing, fixtures and material of walls, ceiling and flooring used in the house. Parking facility is the other key area needs to be checked on before buying a house.

Always choose a house which not only suits your pocket but also that holds value in the long run and has a good value-appreciation rate.

One of the most important points is drainage. It doesn't seem so important but can define the value and livability of a house. Do make sure that the house and the locality has a proper and well-maintained drainage system. This ensures no water logging during monsoon.

Apart from these don't forget to keep a check of all the documents that you need while buying for example registry, transfer deeds, power of attorney etc. Make sure that there are no pending bills of the house and all installments and dues are paid on time. Also do some inquiry regarding the history of house, all this is extremely important and ensures a wise investment.

George Gonigal provides you the best and latest info on Indian Real Estate and India Property. He would also let you know where to Rent Flats in India.

Impact of Delhi Metro Rail on Delhi NCR Real Estate Market

2009-01-15T22:59:00.000-08:00

The Mass Rapid Transport System (MRTS)—Metro Rail—has done wonders for Delhi real estate markets. The consequences are duly reaching the entire National Capital Region (NCR) and Ghaziabad is no exception. The following article in Times Property by Brix Research explores more.

With the metro connecting Delhi’s far-off areas the city’s active real estate market is blazing. In its third phase, metro is expected to reach Ghaziabad and will also be entering NOIDA and Gurgaon shortly. Under the metro route planned for Ghaziabad, it will be linked from Anand Vihar to Vaishali navigate Kaushambi.

Bordering Delhi on its east, Ghaziabad is rapidly emerging as the residential hub for IT professionals working in NOIDA and Delhi. It is emerging as the next popular address for Delhi-bound commuters.

Growth Drivers

The city of Ghaziabad is developing rather fast. Recently, the International Institute for Environment and Development, a UK-based policy research non-governmental body, ranked Ghaziabad as third fastest growing city of India. As per its reports, the city clocked an average annual growth rate of 9.28 per cent since year 2000.

Large commercial developments in NOIDA are encouraging builders to come up with residential units along the National Highway – 24 leading to Hapur, and along national Highway – 58, leading to Meerut.

More and more real estate developers are turning to Ghaziabad for launching their projects, both commercial and residential. Parsvnath, Omaxe, Suncity, DLF have already rooted their presence in the Ghaziabad real estate sector and other realty majors are eyeing the Ghaziabad real estate market with much anticipation.

Furthermore, development of city’s commercial sector is influencing the growth of residential property of Ghaziabad. Many of the MNCs, banking and insurance companies are rapidly setting up their operations in the city thereby accelerating the developments on the commercial front, with lots of investment coming in.

What’s more, the city is comparatively pollution free and is known for the best parks in the National Capital Region. There is Ram Manohar Lohia Park in Rajendra Nagar which is spread over a large area of 40 acres and the 25-acre Swarna Jayanti Park in Indirapuram.

Residential property values

Real estate brokers expect the property values in Ghaziabad to skyrocket once the metro plans come to fruition however the picture for the next 2-3 years is likely to remain dicey, as the project is scheduled to complete in 2009.

Sudhir Singh, a broker operating in Ghaziabad says, “There is going to be a sound increase in the prices owing to the benefits that will be there once the metro ventures in.” He adds, “The Metro has altered the complete look of Delhi with property prices registering a record high, we expect similar kind of a breakthrough in the Ghaziabad real estate market as well.”

Though, Ghaziabad real estate is holding back for the time being, A Khurana, real estate agent from Ghaziabad revealed that “the markets have shown uniformity in capital values driven by sluggish demand and adequate supply of new units.”

However, that is for a short period of time as with proposed infrastructure developments and upcoming common wealth games Ghaziabad real estate will be touching new altitudes of success, say industry sources.

Future Outlook

Beside, extension of the Delhi Metro, provision of good quality infrastructural facilities and construction of flyovers and widening of national highways are other reasons for the blooming real estate market in Ghaziabad.

13 flyovers and two under bridges are on the agenda to come up shortly in Ghaziabad. Construction on the Mohan Nagar flyover and the old bus stand crossing flyover has already started.

The former will be built at a cost of Rs 13.12 crore and will be completed in six months' time while the latter will be finished at a cost of Rs 10 crore in about 18 months' time, say media reports.

They will help in reducing the traffic congestion, leading to an increase in value of land.

Ghaziabad is poised to be one the fastest growing real estate destinations in the NCR, mainly because of its proximity to the site of the Commonwealth Games.

Infrastructure major Punj Lloyd has signed a MoU with Delhi-based real estate developer Ramprastha Group for developing multi-storied residential housing projects.

The first such project will be developed at Vaishali in Ghaziabad over approximately 29 acres in a fifty-fifty joint venture. The proposed projects of the venture form part of an integrated gated township. The development will consist of residential units by and large.

The Ramprastha Group has developed three townships, spread over 100 acres each, in Ghaziabad, comprising plotting, group housing, dwelling units and commercial projects.

Nonetheless, in lieu of systematic developments taking place in Ghaziabad, coming up of the express highway, enhanced connectivity and an international airport will give the requisite push to the real estate market of the city. According to media reports, there could be 200 per cent appreciation in Ghaziabad real estate prices by 2011.

Ghaziabad is heading towards rapid growth and witnessing dramatic changes in recent times.

Meanwhile, for those who are looking for good investment options, in both commercial and residential sectors, lofty returns and quality lifestyle in NCR, Ghaziabad has emerged as the ideal destination; say city-based real estate professionals.”

Growing Prospect For Investing in Ahmedabad Real Estate

2009-01-15T02:44:00.000-08:00

Ahmedabad is better known as the capital city of the state of Gujarat. It is the seventh largest metropolis of India. A city more popular for its industrial background, is now growing on the real estate map, slowly and steadily.

Ahmedabad is among the top 10 cities to reside, invest and earn, according to a study 'The city skyline of India 2006' conducted by Indicus Analytics. Surat and Ahmedabad are also ranked in the top ten 'alpha cities' also classified by the study as the elite club of 10.

Ahmedabad enjoys strategic advantage of proximity to Mumbai, commercial capital of the country. Western, Middle East and African markets are also accessible. Going by the ever growing construction of skyscrapers, shopping malls and multiplexes, the city is moving on fast. Investors and NRI Gujaratis have been attracted due to its mega city status and the strides it has made in terms of healthcare, cuisines and malls.

Retail and information technology are the upcoming sectors in the state. IT parks are being set up. Projects in the auto parts industry are being planned for the city. An arterial road network of 155 kms has been identified for a Rs 950 crore Bus Rapid Transit System (BRTS) in Ahmedabad.

S.G Highway and Ambawadi are the places where IT companies are coming up with their campuses. Prime residential areas are Sabarmati, Vastrauram, Satellite, Ambavadi and Chandkhera. Prime Commercial areas are C.G road, S.G highway Satellite, Vastrapur. Coming of SEZ will further boost real estate residential and commercial values because of increase in number of floating population. Current Ahmedabad real estate market is less expensive as compared to the neighboring localities and this is going to be a crucial factor - as more number of International players will establish their campus here.

Sardar Vallabhbhai Patel International Airport serves both as a domestic and an international airport for the city and neighboring states. It operates direct flights to all other major cities of India. The National Highway 8 which connects Delhi to Mumbai passes though Ahmedabad. The National Highways Authority of India (NHAI) has signed two separate agreements with IDAA consortium and Larsen & Toubro (L&T) for upgrading the highway under a BOT (build, operate and transfer) scheme. The Metro Rail Project is being planned with private sector participation.

Current focus is on infrastructure by privatizing ports and building integrated townships. The government is encouraging in a big way, technology parks, education based townships, medical and healthcare townships, tourism-related townships, Logistics Park and residential townships.

Skilled labour, availability of land in market, quality real estate, low operational costs, good connectivity, supportive government policies and entrepreneurial culture are the city's strengths. There has been a tremendous demand for low-rise buildings, bungalows and row-houses, say local realty agents. However, social infrastructure has still not matched the desired pace. Hence, self-contained and integrated projects will have better prospects.

George Gonigal provides you the best and latest info on Real Estate in India. He would also let you know about Ahmedabad Real Estate and Ahmedabad Property.

Mumbai - One City, Two Worlds

2009-01-14T03:11:00.000-08:00

The nation's financial capital Mumbai has so far been witnessing skyrocketing real estate prices. But as population is escalating at the same pace and people are pouring from all over, the city is struggling to fit them all.

As Mumbai's profile attributes, it houses number of glitzy apartments and also many middle-of-the-road apartment buildings. But don't go by this façade, to buy an apartment in Mumbai one has to have a hefty bank balance to count on. All this has contributed to Mumbai real estate being the most expensive of all in the country.

On one hand this city is home to the Indian film industry, and other big shots of politics and business world but on the other side half of the city's population still lives in slums, without proper access to water, health care or sanitation.

Despite this widespread poverty, huge property deals continue to make headlines in Mumbai real estate industry. Case in point, only last month a film star set a national record by purchasing a three-bedroom apartment in south Mumbai for a whopping Rs 1.2 lakh per sq ft.

Considering this wide gap in the living conditions of its population and recognizing the housing shortfall the government is coming up with redevelopment plans and mass housing schemes for the people. Though many Mumbai real estate developers have pitched in for various projects in both spheres, the progress has been slow. Besides, recently the land allotted for affordable housing scheme has been encroached.

Moreover, the problem of growing urban population is the one that needs to be tackled first hand. Also, the people needs to be provided with basic facilities of water, food, electricity, security and other services such as transportation and education to ensure sustainable living. For this, the government as well as Mumbai Real Estate Builders surely need to be on their toes for making Mumbai real estate a global property market.

George Gonigal provides you the best and latest information on Mumbai Real Estate, If you want to Buy Apartments in Mumbai, he suggests you log on to magicbricks.com

Mumbai Real Estate Developers Struggle to Survive

2009-01-13T03:18:00.000-08:00

Mumbai property price are seeing a price correction in the recent months. Both, the residential rental and capital market in Mumbai have witnessed a price amendment. There has been a 70 per cent dip in Greater Mumbai, whereas South Mumbai and suburbs are reported to have seen a 10-15 per cent correction.

The main reason cited by the industry experts for the slowdown in Mumbai property market is that, a number of local factors and main features are common in the city's distant suburbs.

According to Mumbai real estate agents, developers are wary of being lost in the muddle of look-alike offerings in the real-estate market, so they are coming up with innovative ideas to sustain.

With a view to combat the above situation a section of leading Mumbai real estate developers is trying to carve out a niche by personally attending to the needs and requirements of each and every customer.

Also, miffed by the fall in bookings and stumpy transactions, Mumbai Real Estate Builders have now come up with a range of freebies. To attract buyers the developers are willingly bearing the stamp duty and registration charges them self.

Although there are customers looking to buy an apartment in Mumbai the prices are way too high. Despite the fact that property shows in the city are attracting large number of visitors, the bookings are not as inspiring. All across Mumbai, developers have reported a slump in bookings, research reports. Indeed, faced with crash crunch, very recently real estate major Unitech Ltd has sold 50 per cent stake in its Santa Cruz project in Mumbai to Lehman Brothers real estate partners for $175 million, media sources.

However, on the commercial front the demand for office space in the Mumbai is still enormous. The well-developed buildings still command high prices. Moreover, the state has granted additional floor space index (FSI), in the suburbs. This is expected to improve on the status of the old housing societies for redevelopment.

The Ups and Downs of Mumbai Properties

2009-01-12T04:07:00.000-08:00

While rest of the country is up for a 20-25 per cent price fall, Mumbai will witness the fall in the range of 10-15 per cent, source Housing Development Infrastructure (HDIL). The property boom continuing for the past four years has lead to as much as 300 per cent appreciation in the Mumbai property prices, including the suburban areas of the city as well. But the current market correction is expected to result in prices falling to almost 25 per cent in some areas of Mumbai.

Mumbai Real Estate Developers were holding on to properties for long but now they are releasing them as the market is no longer buoyant. Mumbai has recently been announced as Asia's third and the world's sixth most expensive location to rent a three-bedroom apartment, media reports. Amid that, the news of price correction has bought a much needed relief for the buyers who are waiting for long to buy a house in the city anticipating the fall in Mumbai property rates.

However, Mumbai real estate builders are optimistic as ever. Owing to the fact that people are vying to buy an apartment Mumbai and the demand is robust but supply is limited, the developers feel that there can never really be a crash in the residential property market of Mumbai.

Although the real estate agents and builders accept that there is a fall in the market but they affirms that rental market is still growing strong. The demand for all property types (be it residential or commercial) in Mumbai outstrips the supply, anytime. Due to this demand-supply mismatch, although there would be a market correction in the residential sector of Mumbai, still it is going to be a task for a common man to get a home in Mumbai. Moreover, the realty slump world over is leading to Mumbai properties being flocked by the foreign investors because of its strategic location.

George Gonigal provides you the best and latest information on Mumbai Real Estate, If you want to Buy Apartments in Mumbai, he suggests you log on to magicbricks.com

Indirapuram - A Gem of Ghaziabad's Property and Real Estate Market

2009-01-10T01:42:00.000-08:00

A few years ago having a property in Ghaziabad had been looked down upon by many. Today, the same location is considered as a priced property. By way of entertainment, quality education or health cares the NCR region of Ghaziabad has grown multifold. And among all Indirapuram has emerged as the priciest location in Ghaziabad region.

Strategically located between three cities (Delhi, Ghaziabad and Noida), Indirapuram's infrastructure is supposed to be its biggest strength. The entire skyline of Indirapuram has changed remarkably in the last two-three years. An increased growth of commercial and retail sector as well as the social and physical infrastructure has further resulted in a glut of residential projects including well-planned townships in Indirapuram.

The rates of residential properties in Indirapuram have skyrocketed in the last couple of years. According to research reports, property rates in Indirapuram alone have registered a 70 to 80 per cent appreciation in the last one and a half years.

Shipra Estate is one of the first private developers to have launched a property in Indirapuram around two years back Shipra's prime residential property in Indirapuram was valued at Rs 1,200 per sq ft, but today its costs more than Rs 2,600 per sq ft, say Mohan Gupta, real estate agent operating in Indirapuram.

Since, good living is the catchphrase in Ghaziabad region private developers are coming up with hoards of lifestyle premium apartment projects in Indirapuram. Provision of high-class infrastructure is foremost for the residential property developers.

The introduction of the Metro Rail and the Commonwealth Games are two breaking points that have stimulated demand for property in the Ghaziabad region. Kaushambi, Vaishali, Vasundhra and Indirapuram have seen the maximum amount of real estate development. Of which Indirapuram has clearly emerged as the hot bed of real estate in Ghaziabad. Property builders and estate agents feels that in another two years' time Indirapuram would be choc-a-block.

Future Outlook

The properties in Indirapuram are quite affordable. People from middle and upper middle classes are largely buying in these properties. The trend of villas, penthouses and independent floors is also catching up in Indirapuram. With superior standard of amenities being offered in almost all residential projects in Indirapuram, which includes, suitable parking, parks, power backup, 24-hour water supply, swimming pool, nursery, gym, among others the real estate value of the place is getting bigger.

Although hit by the current market slump the transactions have been low. Also, due to increase in cost of construction there have been delays in projects by many developers for which the bookings have already been done.

Besides, few other issues like number of factories on the main road leading to high level of pollution, crossing the border during rush hour, interstate bus, transit trucks and local auto-rickshaws parked at border often led to long traffic jams. According to Times Property these concerns have to be well thought-out for Indirapuram to become a real estate destination in true sense, feel the residents and developers alike

George Gonigal provides you the best and latest info on India Properties and Real Estate in India. He would also let you know about Ghaziabad Properties and Indirapuram Properties.

Bangalore Real Estate Focusing on Sustainable Development

2009-01-09T03:53:00.000-08:00

Bangalore real estate is mushrooming with the property prices going up and down at the same time at different places within the city. Bangalore real estate builders are more concerned about the planned and strategic development of the city.

The state government is also taking initiatives and deep thoughts as to how and where to expand further real estate in Bangalore. The development should happen in such a manner that it doesn't lead to further congestion in the city. Secondly should have proper social and physical infrastructure linked. And thirdly it should be connected to the CBD.

The government and the authorities are closely working as to expand public transport and give some more space and satisfaction to the common people. Metro project is being given attention to plan it in a manner that it will help in de-congesting the traffic and make the Bangalore properties more accessible. Elevated road and expressway is the other project on which government is working efficiently to connect east - west and north-south of the city through elevated expressways.

People are also becoming aware and are actively participating and following the state laws. For example in Bangalore it is mandatory for the school children to come in school bus irrespective of the distance. This will help in reducing number of vehicles on the road in the morning in front of schools. Car pools are the second thing that can be seen there where people themselves are taking a step to form pools while going at a same place.

In this way government and public are joining hand to retain their heritage and at the same time make progress. Bangalore real estate prices are also gets influenced by this news. As better infrastructure and connectivity are the main parameters on which capital and rental value of the property depends thus Bangalore Real Estate is currently undergoing a mixed phase.

Drop in Mumbai Suburb Prices - Hopes For Buyers

2009-01-08T03:18:00.000-08:00

Owing to nil supply the property prices in the core areas of Mumbai are buoyant as ever. However, the suburban areas are witnessing a drop in prices by 10-20 percent. As the supply side is in excess the values of property are much less in the suburbs as compared to the main city.

According to market research reports, while in Borivali, prices are likely to come down by 10 per cent, the drop would be in the range of 15-20 per cent in Thane and Navi Mumbai. Industry experts feel that it would take a long time for the real estate industry to recover from the current slump.

As per a recent survey, Mumbai is the 10th most expensive city in the world. Having said so to buy an apartment in Mumbai remains a distant dream for a larger section of population. The profile of the prospective buyers mainly consists of youngsters who have come to make a career in Mumbai and spend considerable years of their life in rented apartments and homes. The rented options cost a bomb as well. So, owing a house in Mumbai is a task in its self.

As it is the property are so high in Mumbai and on top of that the rising interest rates has hit the home sales hard. Since long the transactions have been very low all across Mumbai. Mumbai real estate builder, Neelkanth Group, has seen its sales dropping by over a third in the same period.

But the news of a drop in residential real estate prices has brought array of hope for many who are in search of a home in the city.

Mumbai Real Estate Developers, who have their projects in the city suburbs, are now hoping that their projects will soon find some takers. They are optimistic of a good business ahead. Real estate in Mumbai has always been a trendsetter in the property market of the country. Therefore, considering prices declining in its suburbs the property agents and developers are hoping the same trend in other metros as well.

George Gonigal provides you the best and latest information on Mumbai properties. If you want to Buy Apartments in Mumbai, he suggests you log on to magicbricks.com.

Jaipur Properties - Good Time to Invest

2009-01-06T21:45:00.001-08:00

Jaipur has of late become one of the most preferred new destinations of urban living in India. It has emerged as the second-fastest growing town in the country. With better road, rail and air connectivity to the national capital Delhi and other places, this hot tourist destination is now in spotlight as the rising star in the real estate market.

Jaipur real estate builders have developed some integrated townships in the recent years. Some of the developers like Sahara, Vatika and Vian are developing their new projects along the Jaipur-Tonk Highway. To meet the future housing demands of the IT sector employees in Jaipur, a number of residential projects are under way by various big and small Jaipur real estate developers. Commercial real estate development is a big draw for investments in residential real estate sector.

The city's main residential areas like Malviya Nagar, Bapu Nagar and Civil Lines have very high rentals rates. Real estate experts believe it's almost the right time to buy apartments in Jaipur. Most of new development is happening in the areas where the IT companies have been set up.

Jaipur Properties are surely becoming the topic of conversation for all the potential investors. The state government has removed the ban restricting the height of a building to 30 metres. According to the new format, the height of the buildings can be 1.5 times the width of the road running in front of the building. Since, there is a lack of open spaces in the city limits; the government has decided to increase the height of the buildings without disturbing the basic town planning.

A dozen of such skyscrapers are to come in Jaipur. The price of a well constructed apartment in Jaipur costs anywhere near Rs. 20 lakhs which is certainly an expensive choice for middle class. However, skyscrapers will serve as the best savior.

Looking at the recent developments Jaipur real estate builders believe Jaipur is all set to become an IT destination and taking on mall culture and upgradation of infrastructural facilities the 'Pink City' is surely going to be one hot investment destination.

Pune Real Estate Going Strong and Steady

2009-01-06T03:39:00.000-08:00

Despite the fact that the real estate market all over is experiencing a slump, Pune real estate is going steady. While industry experts have predicted a steep decline in the real estate values, Pune seems to be confronting the forecast.

Backing the statement are the following examples. To begin with, within months of announcement of a new project by the Magarpatta Township Development and Construction Company, 5,800 apartments of 20,000 planned were fully sold out. This is in spite of the fact that the project is on the peripheries of Pune at Sinhagad Road. Same is the case with several other projects which includes the Blue Ridge Township at Hinjewadi, which has seen vigorous sales in the last few months.

Given that Pune was by no means a mainstream real estate destination it never saw a huge drop in real estate prices. The slump was there but it was for a short period of time. Reasons Pune real estate agents that there was demand but people were anticipating a fall in prices so they were waiting to buy an apartment in Pune. But on the contrary prices escalated and so the demand.

Moreover, since the IT industry drives the property demand in the city, first home sales form a major chunk of transactions happening in Pune. Inevitably, transactions as well as price escalation have been highest in the areas of Kalyani Nagar and Baner which are close by two major IT hubs in the city. Besides the IT and BPO industry, the student population continue to fuel demand for housing in Pune.

Renowned Pune real estate developers sack the view that the Pune property prices are on the move for a sharp drop. Pune real estate agents and the local industry experts don't see that much of effect of recession in Pune Real Estate industry at least in the next 10 years. Pune real estate builders affirm that the demand is stable and outstripping supply.

George Gonigal provides you the best and latest information on Pune Real Estate Builders, If you want to Buy Apartments in Pune, he suggests you log on to magicbricks.com

Chennai Real Estate - Victim of Market Slump

2009-01-05T03:02:00.000-08:00

Real Estate in Chennai is on the verge of a crashing market, believes industry experts. Chennai property prices have seen an escalation of almost 200 per cent in the last few years. But with the global slump in the real estate industry Chennai real estate has also slowed down.

Number of Chennai real estate developers has been able sold only a few of their properties in the last quarter. R Mohanty, real estate agent from Chennai states, "The residential real estate prices in Chennai have grown by leaps and bounds making it difficult for buyers to purchase a home in the city. The increased loan rates have now made it worse. Though the prices are witnessing correction people are awaiting the market to further stabilize."

Research reveals that there has been a 90 per cent drop in demand for residential projects since the start of the year.

Notably, Old Mahabalipuram Road, the hottest real estate destination in Chennai is also loosing pace. Cursing the fading effect of the place on lack of infrastructure facilities, Chennai real estate agents say there have been only a few transactions in the area for quite sometime.

The commercial sector is also witnessing a downfall. The Central Business District in Chennai has seen a 15 per cent drop, media reports.

IT companies largely drive the demand for Chennai properties but due to the current market recession many companies have postponed their expansion plans. As a result supply of office space in the city has exceeded demand. Huge chunks of office space are lying unoccupied. Subsequently, Chennai real estate builders are now waiting to launch their projects.

Besides global recession, inflation, the rising home loan rates and increasing input costs have also resulted in slump in property transactions in Chennai. Realtors in Chennai are struggling to sell properties. Though price correction is taking place in Chennai Real Estate sector but realty experts predict that the market will bounce back.

Hyderabad - Creating Classy Real Estate Transactions

2009-01-01T22:19:00.000-08:00

Hyderabad Real Estate is one of the preferable markets in India. With the reasonable prices and booming market renowned developers are making a beeline to the city. Many new residential and commercial projects are coming here to fulfill the requirements of end users.

Hyderabad has become the IT/ITES and BPO center. All major companies are setting their branches in and out of the city which further has increased the residential demands also. Luxury apartments and villas are coming up in large numbers in the suburbs of Hyderabad. The most-favored spots for bungalows are Nizampet, Bachupalli, Kompally, Shamshabad, Medchal, Uppal, Nagole, Maheshwaram, Shameerpet, Srisailam Highway, Gachibowli, Banjara hills and Jubilli hills. There is huge demand for apartments and villas also, which are being built near major IT hubs, Shamshabad airport and outer ring road.

With the coming up of many multinational companies and high scale salaries has change the life style this has increased the need of good malls and markets also. Numbers of retail malls and complexes are coming here in and around the city. DLF commercial project is under construction in Hitech City and Maheshwaram commercial project in Shamshabad is also under construction. The rates of shops in mall is around Rs 5000 per sq ft to Rs 12000 per sq ft where as the rates of retail shops in local markets is Rs 4000 per sq ft to Rs 5000 per sq ft.

Infrastructure of the city is also an important reason for the development. Coming Outer ring road and flyovers have reduce the traffic jam and connect the city with outskirt localities also. Real Estate market of Hyderabad is expecting good deals in future with hundred percent results. Mr Shiv Shankar Naidu Hyderabad real estate agent says presently the property rates are down which has increased the commercial and residential transaction.

George Gonigal provides you the best and latest info on Real Estate in India. He would also let you know about Real Estate in Hyderabad and Hyderabad Property.

Mutual Funds - Capitalizing on Real Estate Potential

2008-12-31T00:32:00.001-08:00

The real estate stocks are difficult for an average retail investor to read. Wild swings have been the order of the day. However, mutual funds that have 3-4 per cent investments in real estate stocks allow a small investor to benefit from the surges but remain protected from the troughs.

Making an informed decision is necessary for the success of your investment goals. Mutual Funds (MFs) are certainly among the most sought-after investment instruments in the market but since you have to select from dozens of mutual funds and not all funds perform well, here we demystify the world of mutual fund investing for you.

What are MFs?

MFs are the professionally managed funds that invest in the equities of various companies, including real estate, listed on the Indian stock markets. These funds are governed by the Securities and Exchange Board of India (SEBI) that safeguards rights and interests of retail investors. Any citizen of India can buy mutual fund units that are available at certain Net Asset Value (NAV) declared every day by the fund managing company.

Should you invest in MFs?

As an investor you could well think of investing in the stocks of real estate companies directly. However, in order to make successful investment, you must take a look at the kind of volatility realty stocks witness on the stock exchanges. The Realty Index clocked whopping returns of 48 per cent between Feb 7, 2007 and Feb 7, 2008, on Bombay Stock Exchange (BSE) but it’s not that every investor who pumped in his money in realty companies directly into stock markets got such returns. In fact, there would be many who bought shares at the wrong time only to witness substantial erosion in the value of their investment.

Mutual funds, at the other end, are run by fund managers who have specialized knowledge over stock-market investing, and track market movements on professional basis. This way, they are well-positioned to make suitable decisions to invest and de-invest in the markets as per the circumstances. Though mutual funds do not guarantee a win-win situation all the way, investing in proven funds actually has the capacity to meet your objectives. As a matter of fact, the specialized investment management by mutual funds has evidently produced returns as high as 80 per cent a year, which a naive investor rarely achieves in the course of direct stock market trading.

Types of Mutual Fund

Selecting a mutual fund scheme mainly depends on your risk appetite, investment horizon, and future needs. Once you work out these factors, you can choose a suitable scheme for yourself.

Meanwhile, Brix Research brings you the insights on the various types of mutual funds classified on the basis of their investment strategy and time horizons.

Corpus investment Equity or Balanced - Equity funds park their corpus anywhere between 65 and 100% in equities. Balanced funds, on the other hand, maintain a fine balance between equity and fixed income securities. The latter option offers you security and the rate of return is relatively lower than the equity fund.

Growth or Dividend - Under a Growth fund, the returns generated over the capital invested keep on accumulating, and your cost per unit increases in tandem. You can redeem your mutual fund units, in case you want to book profits. Choosing the dividend option, on the flip side, entitles you to receive returns in the form of dividend that is distributed among the investors, on a periodic basis. Although it depends on the company’s policy, dividends are generally distributed 2-3 times a year.

Open-ended or Close-Ended - On the basis of investment horizon, mutual funds are divided into two categories: open-ended and close-ended. Open-ended funds allow you to purchase and redeem units at any time, however, in case of close-ended funds; there is a lock-in period under which you cannot redeem your mutual fund units for a certain period of time.

Specialty or Diversified - A Diversified Fund allocates its corpus into different sectors of FMCG, Auto, Petro, Pharma etc. In the event of slowdown in one sector, the other one may be able to compensate it. This way an investor invests his entire corpus in different companies and enjoys the advantages of diversification.

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Jaipur - Emerging Stronger From the Financial Crisis

2008-12-30T00:34:00.000-08:00

Jaipur, popularly known as the 'Pink City' is one of the most promising real estate destinations in the country today and is considered to possess one of the best infrastructures.

Jaipur is all set to make a mark in the realm of economic growth in the country. The Jaipur Real Estate sector is looking very bright. The state government has taken various steps to make the city the next big destination for the Foreign Direct Investments. These include widening and improvement of major roads with flyovers and railway over-bridges, regularization of residential colonies on agricultural lands and improvement of overall infrastructure.

Jaipur property prices have shot up over the last couple of years due to an upsurge in demand. This has led to initiatives by developers like Parsvnath, Vatika and Ansal, to set up residential, retail, office and commercial spaces in the city. GE capital has moved into Jaipur and this has paved the way for the entry of a number of IT companies like Infosys and Wipro, which has worked to the city's advantage. Moreover, the real estate in Jaipur is steaming with a suit of mega projects. The largest of them include Mahindra's 3000 acre SEZ (Special Economic Zone), Anil Dhirubhai Ambani Group's (ADAG) Mega City Development Plans, and Hero Honda's Rs 700 crore manufacturing plant.

Jaipur properties today have become immensely popular because of the recent influx of investments in this sector. The reasons for this are manifold -

· Close proximity to the national capital, Delhi and NCR regions.

· Promising infrastructural base, an example of which is the existent 8-lane expressway

· Relatively lower property prices in comparison to adjacent metro cities

However, according to Jaipur real estate brokers, the global financial crisis couldn't have come at a worse time. Due to low liquidity of real estate and high mobility of investor capital, the city is witnessing a price correction. There has been a fall of 20 per cent in Jaipur property prices.

According to media reports, inflation has become all pervasive, and small investors especially will take a beating, because with huge debts and rising prices of home loan interest rates, new ventures are but a distant dream. In the past when markets slowed down, real estate developers held back supply. The difference this time according to Jaipur real estate builders however is that, a lot of private equity money has gone into the development of the real estate, which will lead to softening of prices and a consequent increase in supply.

Thus, even with minor hiccups such as the above stated, Jaipur is the place to be right now. It is the focus area of all major developers and it's essential to invest early to get high returns, feel industry experts.

George Gonigal provides you the best and latest info on Real estate in india. He would also let you know about property in jaipur. To know more, visit Real Estate Jaipur

Mumbai’s Residential Segment - Forever Active

2008-12-29T04:52:00.001-08:00

Mumbai’s residential market has been active over the past two years. Most of the real estate activity in Mumbai has been in the middle to upper middle class segments, though the premium segment which has limited supply continues to attract buyers. There has been some appreciation in the values of prime properties in South Mumbai, Worli and Bandra areas.

Residential values are on the rise in the premium South Mumbai Properties. Demand continues and there are some new projects coming up in South Mumbai. This includes two towers of 60 stories each known as “S D Towers”.

The North Western and Eastern suburbs continue to be the preferred corporate locations in Mumbai. As a result, the suburban move by corporates has given a boost to residential developments. Mindspace and Hiranandani, on a regular basis, keep coming up with new developments. Relocation of the American School to suburbs has led to many expatriate officials also relocating their residences to the suburbs.

Residential categories all across the city are active. The residential market will see continued activity in the middle-class segment in Rs1-2.5 million (US$ 20,400-51,000) categories. All areas are seeing a rise in values. With office and residential projects going in tandem, real estate developers are now going in for integrated developments. Most large projects have school, college, hospitals etc incorporated as an integral part of the project.

K Raheja Corp, K. Raheja Constructions, Samir Bhojwani, K Raheja Developers, Tata Housing, GESCO, Mahindra & Mahindra, Kalpataru and Godrej Housing are the leading developers active in residential market. Central Mumbai areas such as Wadala (what were they earlier) Sion etc are coming up as preferred residential areas. Navi Mumbai market is witnessing a marginal increase in residential segment due to large off take of residential apartments by Reliance Industries.

George Gonigal provides you the best and latest information on Mumbai Real Estate Builders, If you want to Buy Apartments in Mumbai, he suggests you log on to www.magicbricks.com.

Mumbai Real Estate | Real Estate in Mumbai | Mumbai Properties | Property in Mumbai

Green Canopy Enticing Buyers in Mumbai

2008-12-24T01:56:00.000-08:00

Weakening property demands have resulted in Mumbai Real Estate Builders being weighed down with large stocks. But the developers are using their creative skills to sustain themselves in the business. They are coming up with innovative ideas to not let the Mumbai Property market scrub down.

While green buildings have already marked their entry in the Mumbai Real Estate market, the concept of green cover is burgeoning as well. A cover of flora is provided to the client on long terraces and podiums. Depending on the project size the cover spans up to 2.5 acres, research reports. It is provided on terraces, over huge multi-level car parks and ‘relief’ on the middle floors of high-rise complexes.

Talking about the advantages, for the buyer, who is getting more environment conscious day-by-day the benefits are apparent. Besides being healthy the green canopy is also a way to reminiscence the good old way of living in the nature’s lap, feels Mr S Kapoor, Mumbai real estate agent. For the builders, the value the green canvas provides is enormous.

One of the largest such elevated gardens is being developed by Marathon Group. It is a mixed use residential-cum-commercial complex having a built-up area of about 7 lakh sq ft. The elevated garden project is 1.20 lakh sq ft in area. Also, Orbit Corporation has designed a garden and club house on the eighth floor of one of its projects, in addition to roof parks on every fifth floor of another.

According to Mumbai real estate builders, generally, the additional cost of Rs 250 to Rs 300 a sq ft for setting up the green cover has no influence on Mumbai property prices per se, that are in any case ascending Rs 10,000 per sq ft.

Moreover, on the back of lackluster sales Mumbai property rates are witnessing a dip, so to retain the interest of the buyers green canopy has now become a trend among the Mumbai Real Estate Developers.

George Gonigal provides you the best and latest information on Properties in India, If you want to Buy Real Estate in Mumbai, he suggests you log on to magicbricks.com

For a Diversified Real Estate Portfolio

2008-12-23T02:12:00.000-08:00

The Indian real estate boom means good news to you. As a young Indian who earns well, has spent wisely and drive his own car, live in his own house and is able to meet daily expenses without too much effort, good returns from real estate investments should typically be next on your investment agenda. So how do you determine how much of your investible surplus you should invest in real estate and how much to put into financial instruments such as mutual funds and Unit-Linked Insurance Policies (ULIPs). How will your investment in a second house allow you to capitalise on the current real estate boom?

“Anybody who is looking at real estate as an investment option is currently at least in the post-35 age group,” says chartered accountant Raghu Marwah. “In the current scenario, other financial instruments score over real estate as a long-term investment option. The returns in the short and long term are more attractive.” Portfolio advisor Sanjay Mittal too agrees. “Investment in mutual funds and stock markets is liquid. But investments in the property market are not. Mutual funds yield at least 40 per cent year-on- year returns. One of my investors put in Rs 20,000 per month in the Reliance growth fund and his returns are currently over Rs. 3.6 crore in 10 years.”

This is way above that in real estate. In fact, he gives a thumb rule based on the worst performing systematic investment plan mutual fund over the last 10 years. If you have invested for over seven years, returns are normally the amount invested multiplied by the number of years it was invested for. In the current scenario there is a phenomenal growth expected in sectors such as hospitality, logistics, warehousing, healthcare, etc. “Investment in real estate mutual funds, especially at a time when the SEBI has framed the guidelines, will be a bonanza for retail investors,” explains a market analyst.

The retail investor has more to look forward too in the future from real estate markets. The Securities and Exchange Board of India (SEBI) has already issued draft guidelines for Real Estate Investment Trusts (REITs) a sound financial instrument in developed real estate markets around the world. “This will open up a class of investment to the real estate retail buyer that was earlier not possible,” says Goel. Till now investors ended up exposing themselves to segments of the real estate market and their risks were high.

REITs function as funds which consolidate investments in property in different segments and geographies and allow the retail investor to truly encash the potential of the entire sector. It thus minimizes his risk. The investor has different yields and rewards to choose from. Recently SEBI has also issued clarifications on the functioning of Real Estate Mutual Funds. According to these guidelines the REMFs have to be close-ended and have to declare Net Asset Values every three months.

While REITs invest in physical properties and capitalise on regular rental returns, REMFs invest in the real estate stocks. So why are people investing in real estate at all? Where did all the hype about real estate growth come from? Explains Arun Vikram Goel, CEO of Dewan Housing Finance Venture Capital, “The hype around the real estate market comes primarily from speculative, extremely short-term investors. They have bought at launch prices and sold as the values of each subsequent release by the developer was raised and encashed their investment in the short term. These would have yielded very high gains. Nobody who has invested for the long term has contributed to the hype because chances are that they have not exited the market and their computed returns are notional. A long-term investor should not be looking at hyped gains.”

Explains another property investment advisor, “At the height of the boom, I had advised various investors to put their money into multiple projects and to recycle the investments for maximum returns. In fact, I managed portfolios of investors who had upto Rs 1 crore to invest by putting in the 10 per cent that was required to book a property and then to exit when the next installment was due. The gains so achieved were then reinvested in newer launches and the money was constantly increasing.”

But the current scenario is different. After 8-10 months of slow-down in transactions, developers are completing projects rather than launching numerous new ones. Even the rate of hike of value is steady and therefore the short-term speculator is kept at bay. Goel explains this phenomenon. “Immature markets tend to behave erratically. Initially rental markets are not stable and more users think of purchase rather than rentals. Once the supply comes in the rental markets pick up and those who do not want to occupy, lease out property. This hike in demand brings in the speculators and short-term buyers. Finally when there is a glut and capital values stop rising, the rentals will rise. But typically yields from residential real estate investments are only 5-6% in stable markets and 3-4% in unstable markets.”

So again why invest in real estate at all? Why not only in mutual funds if you are a retail investor? “To diversify your portfolio,” says Goel. And he has a simple mantra for the retail investor:

” Do not make investments on the basis of hype. Remember that in a market correction hype comes down and you get a realistic picture.

” It is wise to hold a diversified portfolio with real estate as one of the options.

” Time your entry correctly. The hype typically starts when the peak is reached. If you enter at the peak, you will not get the best rates and you may be part of the slide.

During investing for the long-term remember that returns average out. The property advisor, who does not wish to be named, maintains that normally even in weak market cycles property values double in five years. So if you are a 35+ age group, your property value will at least double every five years and you will never lose out. However, the rate of enhancement of the mutual fund investments is greater in the short term. Sanjay Mathur of Pearls Infrastructure says long-term real estate investments can be upto 200-300 per cent if you choose your investment destination correctly. If you invest in what is the periphery of the city today and hence cheaper, but if there is good economic activity there, the returns in the long term are definitely positive. Short-term returns are only high during speculative high-growth immature market cycles.

Goel agrees that the choice of investment destination is very important. “But real estate decisions are often very emotionally driven too. Aspirational considerations may drive the investors to look at property purchase than yield analysis alone. However, if the investor reads the future potential of markets correctly, he can get good returns. Goel sees younger investor opting more for systematic investments in mutual funds that is more speculative but has greater returns.

The REITs, which is expected to be functional by the next year, if the government gets its policy framework right, will attract an older investor who takes less risks, but opts for steady returns.

Source: Indian Real Estate (Vol.I)

Brixresearch.com

Surajkund - Lucrative Real Estate Options

2008-12-21T23:03:00.000-08:00

Real estate boom in India has activated many dormant areas to become super- active. Surajkund is currently going through this phase of activation and is ready to cross the threshold in order to emerge as a real estate destination. This boom is further strengthened by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sector. Additionally, the retail segment has opened the doors for the commercial real estate sector of India. Faridabad is fast becoming the next hot destination for expanding developmental activities. The pace of real estate growth is expected to prosper well as more and more companies are now choosing to opt for Surajkund. The city has become a prominent investment destination due to its proximity to Delhi and also because of the rising values of the real estate in Gurgaon and Noida.

Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township. However, the industrial town of Faridabad is now noticing new residential developments, especially in Surajkund village that spans across 30 acres. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by the Haryana Tourism and is held in the month of February from 1st-15th every year. This craft Mela (fair) serves as a meeting ground for talented artists, painters, weavers, sculptors and craftsmen from all over India who display handicraft products in the typical setting of a rural Indian market place. The place is visited by number of domestic and International tourists and the foot-falls seems to be multiplying every year.

Green Environment

Away from the hectic and congested life, Surajkund offers an environment like no other place in Delhi. The place displays a sense of peace and traditional touch which is envied by every Delhiite. People are opting for Surajkund for its peaceful natural surroundings. Renowned developers are coming up with township projects in and around localities of Surajkund. The first township project near Surajkund is Charmwood Village by the Eros Group covered in the area of 65 acres. Omaxe, Ansals are also setting up their residential projects.

These attractive townships are sufficient to satisfy the needs of people. Bungalows, apartments and villas are available here with all the modern amenities. The rates of residential properties range between Rs 6,500-Rs 8,000 per sq ft. The rent is around Rs 20,000 for 2 BHK flat and varies on the bases of size and type. Ansal and Crown Plaza have lavishly designed malls catering to children’s entertainment and hospitality, along with other commercial and residential projects. Numbers of other residential projects are in pipeline and soon going to be launched.

Infrastructural developments

Social infrastructure is also developing at the fast pace to support the physical infrastructure in Surajkund. All the national and international based schools and educational institutes have come up in the periphery to benefit the students with a pollution free atmosphere. MNV public school, Delhi Public School and Manav Rachna School are to name a few. Transportation is also improving by and by with Delhi’s bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for intra-city connectivity.

The property price of Surajkund has increased three times in last couple of years. Planned infrastructure, township projects of big brands, proposed Metro in main Faridabad and rise in the prices of real estate property of other cities, involvement of Haryana government in the overall development of Surajkund make it a good choice for real estate investors.

Magicbricks provides you the best and latest Real Estate in India. To know about Surajkund Properties and Faridabad Real Estate & to buy India Properties visit Magicbricks.

Source: Times Property (31^st August’08)

www.brixresearch.com

Hottest Real Estate Segment

2008-08-17T21:48:00.000-07:00

Four key segments constitute bulk of the Indian Real Estate market

1. Housing /Residential development
2. Commercial Office space development
3. Organized Retail Space development
4. Hotel and hospitality market

Going by the current slump in the economic trends which one of these segments are hottest amongst property investors according to your understanding.

DDA Allotment Scheme- is the Buzz for Real?

2008-08-08T05:18:00.000-07:00

Recently announced DDA allotment scheme has supposedly given a golden chance to those who are on a look out for a home in Delhi. The flats are available in different parts on the city and are priced at around Rs 7 lakhs-77 lakhs. They are advertised as being affordable. All this is white transaction. Rs 35-45 lakhs is what a HIG at a good locality costs. Do you think for a middle class family this price is affordable? Even if one takes a loan the EMI comes around Rs 40,000-45,000 per month. Do you think it is feasible by a middle-class family?

Do you think the scheme really caters to masses? Do share your views with us.

Big Investment for Indian Realty Segment

2008-08-08T05:16:00.000-07:00

Investments are pouring in the Indian real estate segment from all over. Recently, a study by Assocham says that the Foreign Direct Investment in India would touch $25 billion. Recently, Milestone also announced that it will invest Rs 300 million in funding different projects across India.

Do big bucks mean good business and good times for the cash-stripped Indian real estate segment? What do you feel? Share it with us

Is it Wise to Invest Property Now?

2008-07-25T05:52:00.000-07:00

The markets world over are stagnating. Indian property market, too, is facing the heat. Property prices have stabilised to some extent. Property analysts still say that the markets will see a vibrant phase in next six months and hence this is the best time to buy property in India.

Market analysts predict that property prices will take off in some time and thus property is a good investment at this point of time. Do you also feel so? Will you invest your surplus funds in the property market now, or wait for better market conditions?

Real Estate Fund

2008-07-25T05:17:00.000-07:00

Milestone announced Rs 600 crore private equity find for Indian property segment. The details for this fund are being worked out.

Recently, Donald trump Jr. announced that he will soon float a real estate fund for Indian market. His fund is valued at US$1 billion. He is looking for an Indian partner for this venture, possibly a renowned business family.

Do these developments ring bells for a stagnant market? Do you think that these developments spell good news for Indian market?

Emotional Evaluation of Property Buyers

2008-07-15T22:11:00.000-07:00

Many times, while house hunting, a family or an individual tends to fall in love with the property and ends up purchasing it. A research shows that buyers actually buy houses based on their emotions.

Once a buyer has chosen what to buy, they put their logic skills around the property and looks for reasons why it is a good decision. Brokers or contractors will try to sell you the property based on your emotional reactions for a particular property that you intend to buy. But there are always unexpected expenses and delays on such types of projects.

Do you agree with this kind of evaluation on property buying? Do share in your comments.

Green Homes More Popular than Conventional Homes

2008-07-15T22:07:00.000-07:00

An online survey by US-based Fireman’s Fund Insurance Company revealed that affluent individuals are interested in replacing heating, cooling and electricity systems with green materials. Respondents have shown interest in energy saving practices like recycling, reusing articles.

In India too, property developers like Hiranandani Group and Lodha Group have ventured into the green buildings arena. Hiranandani Group has announced that all their commercial buildings will be leeds certified.

Would you prefer a green home over a conventional home? Do you practice any energy saving tips at home? Share with us.

For more details on Pune Real Estate Builders, log on to magicbricks.com

Can Green Buildings Become Popular in India?

2008-07-06T22:56:00.000-07:00

Mumbai-based Lodha Group announced a green building project at Kanjur Marg recently. With this, Lodha Group joins the bandwagon of other private property developers who are developing green buildings in India. Hiranandani Group, K Raheja Corp and RMZ Corp have already launched green construction at various part of the country.

Green buildings usually involve an incremental cost of 7-10 % over traditional buildings. This may become a hindrance for small developers who want to build energy efficient buildings.

Have your say – Do you think Indian developers can embrace green building concept, overlooking the financial burden? Share your opinion with us.

Home Loan Rate inTerest Rates: Burdening the Masses?

2008-06-27T06:01:00.000-07:00

Higher home loan interest rates will soon become a fact of life from the coming month, thanks to the announcement of the Reserve Bank of India (RBI) for increased repo rate and Cash Reserve Ratio (CRR)

While expectations of a rise for home loans between 0.5% and 1% in the interest are predicted by home loan lenders, some have even indicated a jump of 2%.

This will add to the monthly investments’ increase for an average home seeker who already feels burdened with overall costs of buying a house.

With the cost of living already going up by rising inflation standards, don’t we need an innovative thinking for housing loan solutions offered by government authorities or the developers that may save us from the both financial as well as psychological pressures?

Realty Prices will Increase..?

2008-06-18T01:43:00.000-07:00

Experts may be saying that inflation won't affect real estate, but logical reasoning suggests that rise in commodity prices will force real estate developers to raise prices in some way or the other. Since, the operating profits from projects launched after 2005-06 are already low in terms of applied costs and expenditure, a developer has no choice but to escalate his product price.

Recently, the builders association of Bangalore declared to raise property prices all across its projects. Well, this indeed is a formal declaration. Otherwise, most of such moves will be taken without creating any hypes..

What's your take..?

For more details on Bangalore Property Prices, log on to magicbricks.com

Can Green Homes be Affordable?

2008-06-12T22:39:00.000-07:00

Building green homes is becoming popular in India. Civic authorities started this trend by constructing energy efficient buildings. These buildings use energy saving practices like making optimum use of daylight, reusing water and conserving energy. The India Habitat Centre at New Delhi is one such building.

Many private property developers are trying to incorporate these features in their construction. The only hindrance is that the construction material required to build an energy efficient building (special bricks, glazed glass etc) is very expensive. Hence the overall construction cost rises.

Will any technological innovation help in reducing costs for green buildings? Do you know of any property developer who is constructing green homes?

Aam admi’s Concern

2008-06-12T01:54:00.000-07:00

Inflation is likely to take its toll on the property markets. The cost of living in Indian cities is rising like anything. The RBI in its annual policy for 2008-09, had expressed its intentions to bring down the rate of inflation to 5.5%, however, it had reached record high of 8.4%, averaging between 7-8%.

Rising fuel cost, also, is not a good sign for the markets. The cost of construction will rise.

Certainly, you and I, who could earlier think of buying a residential property on an EMI, will now have to recalculate how much can be paid towards loan installment.

Tough time!!!

Can you Time Real Estate Markets?

2008-06-04T03:59:00.000-07:00

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. When legendary investor and one of the most richest men in the world Warren Buffett says this, it becomes quite clear that investment is not a short term game.

The same holds true for real estate investments as well. Today, the markets are slackening and most of the experts concede that demand for property has been going down and down.

You must be wondering whether it is the right time to buy property or not but believe it you might not be able to time markets. And it happens most of the time.

However, if we look at the long term prospects of the Indian property markets and the underlying fundamentals of Indian economy, investing in property is the option that can bring suitable rewards for investors in the time frame of 5-15 years.

Are Property Prices Coming Down Any Soon?

2008-05-23T03:41:00.000-07:00

Property consultant Knight Frank expects further correction in home prices in India. Their recent report suggest that since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.

Recent media reports have also suggested the same trend. Reports suggest that Real Estate Prices in Mumbai, Bangalore, Pune, and National Capital Region have corrected 15-20% in the first quarter of this year. Market-watchers say that this trend will be repeated across the Tier II cities and suburbs too. No wonder property developers are wooing prospective users with all sorts of offers. Some are even offering lower EMIs for flats while some are offering goodies like cars along with property. Still others are wavering off the stamp duty prices.

Are the property prices coming down in your area? Is the property slow down really impacting the end user in a major way? Should the home seekers cheer for some reasons? Is there a possibility of a market dive? Or is this a temporary phase in the housing segment?

Hyderabad to Out-Shine Bangalore as IT hub?

2008-05-23T03:35:00.000-07:00

The Nizam's city - Hyderabad - is set to become Cyberabad now. The city's hit-tech airport has added sheen to its developing infrastructure and the Real Estate segment.

Property rates for residential space in the city centre range between Rs 2,200 - 4,500 per sq ft. The capital value for commercial property range between Rs 25,000 - 60,000 per sq yard. Home seekers are now flocking to the city suburbs where the residential space comes for Rs 1,600 - 4,000 per sq ft.

Recently, the Hyderbad Urban Development Authority (HUDA) announced its plans to develop an expressway in the city's outer circle to facilitate transport to these areas. This means, that the infrastructure and real estate segments of the city's suburbs will get a boost. Sensing this boost in development, IT companies like Wipro, TCS, HCL have already established their bases in Hyderabad.

Will all these developments dampen the commercial prospects of Bangalore? Property Prices in Bangalore are way much higher than Hyderabad. Now, when Hyderabad is offering world-class infrastructure, will Bangalore’s popularity as IT destination face a set-back?

Bad is Good

2008-05-09T06:19:00.000-07:00

There is nothing either good or bad but thinking makes it so. People may have taken this statement as just another philosophical quote from Shakespeare but there exists many who have taken it as a way of life.

How can you think of buying properties when entire world is predicting stages of depression? Yes, there is a whole class of people who believe that this is the right time to buy real estate. Many parts of the US have been witnessing unusual property buying activities, after the sub-prime crisis. Similar are the trends in England, the second most affected market. According to experts, the reports of slowdown in Indian Real Estate markets are also drawing attention of investors who have been vying for entering into the country at an appropriate time.

Namaste London

2008-05-04T22:49:00.000-07:00

After Canada and Dubai, London has become one of the most potential overseas markets for Indian real estate developers. Just look at the response the Non Resident Indian (NRI) segment has been showering over the India-focused property fairs.

Recently, more than 4,000 NRIs flocked the property fair organised by magicbricks.com in London. Sources say that the response was so phenomenal that the developers expect to close deals worth Rs 100 crore in the near future….

Time to Buy Property in Gurgaon

2008-05-04T22:46:00.000-07:00

Did you want to buy residential property in Gurgaon but kept on postponing your plans due to soaring real estate prices? If yes, there is a good news for you…

Property prices in Gurgaon have stabilized. According to Real Estate Brokers, capital values have not shown any upward trend in the past one year. That's why, people who were not in a position to time the markets earlier are now stepping forward.

To keep the balling rolling, the real estate developers have also been tuning their marketing plans as per the trends…

Landlords Can Evict Shop Tenants: SC

2008-04-18T06:00:00.000-07:00

The Supreme Court has given a judgment that changes a 50-year-old law and would help landlords evict tenants in prime commercial zones like Connaught Place, Karol Bagh, South Extension and Walled City who, in most cases, have been paying a few hundred rupees as rent for decades.

The rent law — Delhi Rent Control Act, 1958 — was a handicap for the landlord as he could seek eviction of the tenant only from residential premises, that too provided he proved this was required for his personal need.

Tough times for Indian Real Estate Companies

2008-04-18T05:56:00.000-07:00

Subsequent to the US sub-prime crisis, Indian real estate companies have shed almost 35 per cent of their market capitalization, reports say. Most of the listed real estate companies are currently valued at a rate 65-75 per cent less than the value they were holding prior to the meltdown in the US market.

Earlier, it had been said that the developing countries of Brazil, Russia, India and China won’t be affected much of US sub-prime crisis, however things have started turning sour just a few weeks down the line.

The story does not end here. The Indian Real Estate industry is likely to be in a much difficult phase with the recent hike in Cash Reserve Ratio (CRR)…

Hitech City in Kochi

2008-04-06T22:42:00.000-07:00

Sobha Developers is developing--Hitech City in Kochi--its most ambitious township project, so far. The Rs 5,000 crore project covering about 450 acres is estimated to be completed in eight years time. And given that the high-tech island is aiming to be a knowledge hub, that is exactly the kind of profile they are also planning to attract. From industries, IT parks, biotech companies to hospitals, apartments, hotels and swanky malls – the hub is set on the lines of a mini-city. Those who really have deep pockets can afford an apartment that will offer them a sea-side view.

Gurgaon Real Estate: Great Plans Ahead

2008-04-06T22:38:00.000-07:00

The biggest irony of the real estate development story in Gurgaon is the surmounting pressure on the support infrastructure of the city. However, the builders have found their way out and have started the journey of becoming self sufficient in terms of power and water. Some of the upcoming townships will now have rain harvesting plants, water treatment techniques and even the facility of 100 per cent power generation within the township itself.

Developers like DLF, Unitech and Ansal have reportedly laid plans to have power-generation plants for their townships, and more emphasis will be given on non-conventional energy resources like solar power. Great plans indeed.

Penal Provisions Against illegal Colonizers on Cards

2008-03-19T22:26:00.000-07:00

The Municipal Commissioners of Madhya Pradesh cities, in a meeting held in state capital Bhopal on March 18, suggested the State government that penal provisions should be made to ensure strict action against illegal colonizers in urban areas.

They should be blacklisted and their names displayed on the websites of the concerning municipal corporations, said Nikunj Shrivastava, Bhopal Municipal Commissioner, adding that common people should be cautioned against such colonizers.

State Minister for Urban Administration Narottam Mishra and State Finance Minister Raghavji were present at the meeting. Mishra said responsibility of the concerning Municipal Commissioners and the officers in charge of the colony cell should be fixed to prevent illegal colonies in the cities.

Investor Unaffected of Goa Real Estate Controversy

2008-03-18T05:41:00.000-07:00

NGOs or some residents may be opposing real estate development in Goa, but the fact is that their protest has hardly made any impact on the investor sentiment, developers building properties in Goa say. The argument that commercial development will affect Goa's ethnic culture does not hold water.

You see other beach-capitals of the world like Mauritius, Seychelles, Bahamas and so on and you will find a hell lot of commercial development there. In my view, it is some groups that have vested interests in it, a developer said, adding that "there are a number of properties that were occupied by people after the Portugal handed over Goa to Indian government and those people may now be concerned while the property markets get organised in the state."

Beaches, Beaches and Beaches

2008-03-07T03:29:00.000-08:00

Goa real estate market is all about beach side villas. According to property consultant Sunil Chheda of Fair Deal Properties,” The going rate for the sea side villas is anything between Rs 5-10,000/sq ft. these are typically built on a land area of 1-2 acres with a built up area of not less than 7,000 sq ft. It can be more or less depending upon customer’s taste and needs. They are build according to their personal style and preferences.”

However, not every beach can have sea side villas. The beach should have an even terrain and not a mountainous one. It should facilitate adventure sports and water sports activities and not a rough rocky terrain. These villas are especially found in North Goa. Please add on if you have some more information on the region..

India, a Golden Bird

2008-03-07T02:02:00.000-08:00

What is common between KP Singh and Donald Trump? Real estate, of course. But what is noticeable is the kind of difference this Indian man has made over his American counterpart.

The DLF Chief Singh has left Trump Group founder Trump far behind. In the latest ‘World’s Richest’ list released by Forbes magazine, Singh has emerged up as eight richest man in the world with his personal corpus stands at $30 billion, which is 10 times more than the $3 billion empire of US-based real estate tycoon Trump.

To the other end, if we combine the corpuses of Mukesh Ambani, who is 5th richest man in the world with $43 billion, and Anil Ambani’s $42 billion, Ambani family is far rich than world’s richest man Warren Buffet, whose personal worth is calculated at $62 billion. Who says India was a golden bird?

Here’s the Forbes list:
1. Warren Buffett (US): $62 billion
2. Carlos Slim (Mexico): $60 billion
3. Bill Gates (US): $58 billion
4. Lakshmi Mittal (India): $45 billion
5. Mukesh Ambani (India): $43 billion
6. Anil Ambani (India): $42 billion
7. Ingvar Kamprad (Sweden): $31 billion
8. KP Singh (US): $30 billion
9. Oleg Deripaska (Russia): $28 billion
10. Karl Albrecht (Germany): $27 billion

High Rise Buildings Gain Ground in Ahmedabad Once Again

2008-02-24T22:27:00.000-08:00

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…

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

2008-02-21T05:14:00.000-08:00

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…

Faridabad Plot Values on Rise

2008-02-07T23:16:00.000-08:00

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

2008-02-07T04:53:00.000-08:00

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.

Availability of Property in Delhi

2008-01-25T02:13:00.000-08:00

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.

Delhi Real Estate- Knowing Panchsheel Park

2008-01-18T03:39:00.000-08:00

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

2008-01-18T03:35:00.000-08:00

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.

Indian Real Estate Markets Ahead

2008-01-06T21:59:00.000-08:00

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.

Office Rentals in Connaught Place

2007-12-26T23:08:00.000-08:00

Today, most of the real estate transactions in CP are for rental purposes only and there is very little or almost no sale purchase transaction happening out tere. As most of the property owners in CP have been present here since over two decades, all feel that it is worth retaining the property as it not only yields higher returns but also the capital value keeps increasing multifold.

As per MagicBricks reports, the rentals for commercial properties in CP are between Rs 250 and Rs 1,000 per sq. ft at present, with the middle circle demanding the lowest price and the inner circle the highest.

In such scenario, do you think that the property prices will go up or will remain stable on these levels…?

Israeli Company to Invest in Chennai Real Estate

2007-12-18T04:56:00.000-08:00

Interesting development in Chennai real estate markets in deed. An Israeli real estate firm has invested USD 135 million in a Chennai project to develop mixed-use high-end residential and commercial complexes, a media report here said.

Elbit Medical Imaging Ltd (EMI), a Nasdaq listed Israeli firm, has bought 80 per cent of a 135 acre plot in the southern city from an unnamed Indian developer, who will own the remaining 20 per cent, business daily ‘Globes’ reported.EMI will invest more than $150 million in the land for the project and estimates revenue of over $4 billion.

Can Rentals at Connaught Place Rise Even More?

2007-12-12T00:58:00.000-08:00

According to online property portals, the rentals for commercial properties in Delhi-Connaught Place (CP) are currently in the range from Rs 250 to Rs 1,000 per sq. ft, at present.

Now that the New Delhi Municipal Corporation’s (NDMC) has sanctioned funds for CP re-development project, property values in this Central Business District (CBD) of national capital Delhi may undergo change.

Though, the NDMC estimates that the project will be completed by July 2010, retailers and property brokers feel that rental values in CP may see a jump, but can the markets further surpass the levels, which are already touching roof?

People say that even large multinationals are not able to cope up with rising rentals here and looking for alternatives…!

Dynamism of Indian Property Markets

2007-12-10T03:23:00.000-08:00

Some pointers to how dynamic the Indian property markets are:

•The country’s population of 1.1 billion is set to continue to increase until at least 2030, before stabilising at around 1.5 billion, by which time India will have overtaken China as the world’s most populous country.

•India has a young profile. Half of its population is under 25 years, and the country’s median age is 24 years (2005), compared to 33 in China and 43 in Japan.

•The country is urbanising at a rapid rate of 2.5% per year. The number of cities over one million is expected to double from 35 in 2001 to 70 cities by 2025. India’s "Mega-Cities" of Mumbai and Delhi will be the world’s 2nd and 3rd largest cities by 2015.

These figures simply indicate the kind of opportunities floating around Indian property markets. Please share more facts over Indian property sector

What Real Estate Funds will Bring to The Sector?

2007-12-04T03:14:00.001-08:00

After HDFC and ICICI’s billion dollar funds, a number of international players are making beeline to exploit opportunities underlying in the Indian real estate markets. Just look at the pointers below:

• UBS Global Real Estate, the real estate arm of global financial services powerhouse UBS Global Asset Management, plans to launch a $1-billion India specific real estate fund by the end of this year.

• Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR and Associates.

• Morgan Stanley and Goldman Sachs Group Inc. raised $12 billion for global real estate funds, tapping a surge in investor demand for high-return assets.

• The UK-headquartered Knight Frank Group plans to launch a $250 million India-focused real estate fund. This could be the first real estate fund by a property consultancy in India. It will be an offshore fund, and will raise a minimum of $0.5 million or above from high networth individuals.

But, how much these funds will contribute to the development of industry, and the country is the biggest question..!

What Real Estate Funds will Bring to The Sector?

2007-12-04T03:14:00.000-08:00

After HDFC and ICICI’s billion dollar funds, a number of international players are making beeline to exploit opportunities underlying in the Indian real estate markets. Just look at the pointers below:

•UBS Global Real Estate, the real estate arm of global financial services powerhouse UBS Global Asset Management, plans to launch a $1-billion India specific real estate fund by the end of this year.

•Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR and Associates.

•Morgan Stanley and Goldman Sachs Group Inc. raised $12 billion for global real estate funds, tapping a surge in investor demand for high-return assets.

•The UK-headquartered Knight Frank Group plans to launch a $250 million India-focused real estate fund. This could be the first real estate fund by a property consultancy in India. It will be an offshore fund, and will raise a minimum of $0.5 million or above from high networth individuals.

But, how much these funds will contribute to the development of industry, and the country is the biggest question..!

Where the Indian property markets heading for…?

2007-11-21T01:57:00.000-08:00

Hello friends!!!

As we see that property markets are at unbelievable heights in India, especially properties in Delhi, Mumbai and Bangalore are commanding incredible numbers. Property values are soaring like anything...In fact speculative investments in the sector has charged up property prices in a superfluous manner, most of the times.

Each and every investor expects windfall gains on his real estate investments within a short period of time, and perhaps that is why, the intrinsic value of properties is manipulated by several times…

Expectations of landlords also are touching skies. Today, rental values for commercial properties in Delhi’s Khan Market and Connaught Place, at Rs 400-Rs 490 per sq. ft a month are more than 50% higher than a much-advanced city of Manhattan. Similar is the case with Mumbai commercial properties, where property prices are even more than London!!!

After all where the Indian property markets are heading for…is it a boom or a way towards recession…?

Home loan interest rates in India

2007-11-01T23:19:00.000-07:00

The RBI has again increased the CRR this time. Last time when it did so, the home loan rates in India had hardened and most of the people cancelled their home buying plans.

So should we expect that banks like SBI, HDFC, ICICI etc that slashed their home loan interest rates recently will take a back track…? Actually, I have plans for buying house in Delhi and was looking for some comfortable option but not sure which way to go!!!

Should I start looking for financing options right away? Or should I wait for some more time for prices/home loan rates to stabilize..?

Also, what is the price bracket that will get the best rates?

If anyone knows about the matter, please advice.

Pune - the next big promising city in Indian real estate

2007-10-12T02:26:00.000-07:00

Pune, the 'Tech city', is located in the western Indian state of Maharashtra. The city has a reputation for its several esteemed colleges and educational institutions. These days, investors and builders are heading towards this alluring city as it has much to offer in the real estate sector. The number of investments in Pune properties and the emerging new real estate developments has given a strong boost to city's economy and infrastructure development. The various attractive features have indeed put Pune real estate market on global business map. It offers a plethora of opportunities in the various industries like retail, IT, BPO, and hotel.

Pune education sector have proved to be the biggest pacemaker for boosting real estate market. This sector is also making rapid strides and has attributed to the foray of students coming in from all across the world. The city produces around 1, 50,000 graduates each year, encouraging the young generation to come forward and contribute to the economy's progress. Thereby, adding to the manpower and fuelling the mentioned real estate growth rate which is contributing a lot to the Pune real estate market and assisting it to come up as a global education destination.

Retail market space is the most preferred sector in the market. The city shares a big chunk of the $350 billion Indian retail market which is expected to grow at a rate of 13% per annum. Pune properties are marking the growth along with prospects, excellent connectivity and educational facilities. Whether it is the industries or education sector, both are nurturing and shaping up in a decent manner.

Pune is expected to observe a sharp escalation of around 500% in the service and industrial sectors. The actual potential lies in Pune residential property, shopping malls, education, and the hotel industry as these segments are rapidly flourishing. The city's infrastructure is developing at a remarkable rate and constructive changes have taken place in the last 5 years.

The city is planning for some very interesting upcoming real estate projects. There is a project 'Business Bay' which will be an exclusive residential-cum-commercial project. It will accommodate high end retail outlets, corporate offices, and the residential units. The upcoming new projects and developments are going to make Pune the next big destination in the real estate market. To find out more about this tech city and about its best locations to invest and much more, visit India's No.1 property site magicbricks.com.

Indian Real Estate On The Rise

2007-10-05T03:02:00.000-07:00

Indian Real Estate market is growing at a rapid pace as a result of increased property prices and constant demand from buyers as well as investors. Soaring economic growth, promising demographic and socio-economic factors have also led to a steep rise in demand for housing and commercial real estate. According to experts, The Indian real estate market is expected to grow at 33% between or by 2010. Significant growth in its market size has been noted which is from $12 billion to $50 billion. Total housing spend is expected to grow at a CAGR of 18.60% from Rs 171,800 crore in 2005 to Rs 403,400 crore in 2010. Indian estate market will remain an appealing investment option for both domestic and foreign investors.

The major boost to the real estate market is given by the IT/ITEs companies, setting up their high profile office space in India. Established real estate markets like Mumbai, Delhi and growing markets like Bangalore , Hyderabad, and Chennai are zooming upwards; other Indian cities are also surrendering to the allure of booming real estate market. Construction activity across the country is on an upswing, the commercial property real estate demand is expected to be around 350mn sq ft out of which IT/ITES and organized retailing sector should contribute around 300mn sq ft.

Retail sector has also added to the development of real estate market and will continue to do so as many metros witnessing a spurt in the number of malls and multiplexes, with many major companies entering into the scene. Study says the number of malls in Kolkata, Mumbai, Bangalore, New Delhi, Hyderabad and Pune will grow to 300 by 2010 as against their present strength of 50.

India will have a demand-supply gap of 17.9 million housing units by 2010; the Real Estate market is currently growing at 30 per cent per annum and offering maximum returns to its investors. The domestic real estate market, which is presently estimated at $16 billion (Rs 72, 496 billion), will increase by over three and a half times and touch $60 billion (Rs 2,71,8 asset 60 crore) by 2010.

Booming Property Market in Delhi NCR

2007-09-28T03:53:00.000-07:00

In today’s day and age, eyes of the potential buyers and investors are all set on the NCR property market. Ongoing commercial developments in Delhi and NCR have led to an increase in the demand for office and residential space. Also, the limited supply of properties in Delhi is cited to be one of the important reasons behind this sudden boom in NCR real estate market. Parts of Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi constitute the NCR region and a boom in this region was first started with Gurgaon and Noida. Gurgaon which is touted as India’s outsourcing capital saw a sharp increase in its property rates within a span of few years. A similar trend was also seen in Noida thereby making it imperative for the real estate industry to look for newer locations.

Towns like Ghaziabad, Meerut and Faridabad are rapidly becoming the hotbeds for massive real estate development. Besides keeping in mind the escalating property prices, most of these areas are also well connected to the NCR thereby ensuring the properties turn into lucrative options for the buyers. But in the midst of aggressive real estate development in NCR, lies the dillemma of finding out the feasibility of making the right decision while choosing a property for commercial or residential purpose.

Delhi, the heart of the NCR region has already reached a mature stage in the real estate sector and this is evident with the soaring property prices and property rentals of both commercial and residential space in most of its prime locations. However the high property prices have not put a dampener to the real estate development as much can be seen happening in areas like Dwarka, Rohini, Mayur Vihar, Jasola and Patparganj. Well connected to Gurgaon and Noida along with the upcoming metro network has seen a spurge in the development of a large number of group housing societies.

Following close on the heels of Delhi are Gurgaon and Noida where the property prices have also increased tremendously within a short span of time. Boosted by continuous commercial development, the rentals in Gurgaon have gone up from approximately Rs. 40 per square feet per month to Rs. 120 per sq ft per month within a period of three years. Indeed, Gurgaon real estate, as the actual trendsetter, leads the property markets in different locations.

Whereas, the second hot favorite location are the twin cities of Noida and Greater Noida. Infact Noida is being projected as the next boomtown in order to lure more foreign investments. In order to meet the real estate demands big real estate companies such as Unitech are setting up exclusive township on the Noida – Greater Noida Expressway.

With so much of rapid development happening in the NCR region, it is only left to be seen how this shapes up the real estate sector in this part of the country. Do you think this would benefit the customer as it gives him more options or the skyrocketing property prices will act as a deterrent? Share with us your opinions and views on how and what you perceive about the growing demand for properties in NCR.