The much awaited Gurgaon Master Plan 2021 is bringing high hopes for residents of the fast flourishing cyber city, Gurgaon. It paves the way for 14,930 hectares land for residential and 1,404 hectares of land for commercial development. This will undoubtedly be a step forward in the direction of real estate development in Gurgaon. Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down to 2,000 – 2,500 per sq ft. whereas they were earlier available for no less than Rs 2,700 per sq ft, says sources. Property rates in some newly developed sectors of Gurgaon will be at least 30-40% lower than in existing sectors.
So far, property developers were only concentrating their attention on high end housing. With availability of more land, they can focus on middle and lower segments as well. India’s shabby infrastructure is believed to be a major roadblock to woo potential foreign investors. Containing provisions for all, the New Gurgaon Master Plan will also help infrastructure to develop fast in most new sectors. It may take long time before the first project is on the track but demand is likely to shoot up. For that reason, it is difficult to estimate how prices will fall in sectors.
A number of locations have witnessed a correction in their secondary market prices in real estate Gurgaon.Property rates in Gurgaon-Sohna road have undergone a marked price correction of about 10% in the last six months. General buyers are eyeing the rates to come down further as the supply graph in Gurgaon real estate (residential & commercial) is going up in the newly demarcated sectors and as investors exit closer to the date of delivery of projects.
Property developers who have “land banks” are considered to emerge as major key players, and could be expected to launch projects within the next two to three months. The list includes the big names like DLF, Unitech, Pioneer Urban Land & Infrastructure, Vatika, Raheja, Vipul, and Emaar-MGF.
Adding to the Gurgaon real estate boom comes the new Gurgaon-Manesar Urban complex Plan 2021. It is known to be unique master plan for the region as it envisages keeping population density in the newly covered areas lower than in the old. The aim is to add to the green belt area, increase the residential units and commercial spaces in Gurgaon real estate, and bringing improvements in connectivity with neighboring Delhi.
Monday, December 10, 2007
Graph and improve the power scenario
The once sleepy town of Gurgaon in Haryana has witnessed a real estate boom since the late 90's following liberalization of the Indian economy. Gurgaon, like Pune, Chennai, Hyderabad and Bangalore, attracts IT professionals in droves. Their salaries are comparable to the best in the world. The high disposable income in the hands of employees of the booming service sector in Gurgaon has led to tremendous spurt in demand for properties in Gurgaon both for commercial and residential use.
With a space crunch in national capital Delhi, MNCs plump for nearby Gurgaon and many have made it their corporate headquarters in the country, as it is just 10 km from the Indira Gandhi International airport.
Property in Gurgaon values have skyrocketed over the past decade due to this burgeoning demand. As a result, Gurgaon properties have drawn huge investments both from inland and overseas. The influx of funds has transformed this one-time village into a hi-tech city with multistoried malls and skyscrapers dotting the landscape.
The proposed expressway to Jaipur, metro rail connection to Delhi and the special economic zone to be developed by Reliance Industries has made Gurgaon apartments treasured possessions for builders and owners alike with the rush for bookings still on. All these have contributed to increased construction activity in Gurgaon properties.
Property in Gurgaon also attracts high rental values. Many residents of posh South Delhi areas buy apartments in Gurgaon while some have already shifted lock, stock and barrel there to escape Delhi's congestion and pollution. Those who sell apartments in Gurgaon these days get much higher returns than in the case of flats in other areas of the national capital region. So, Gurgaon property owners are set to witness happy times. However, to keep the cash registers ringing, the city authorities will have to do their bit to check the rising crime graph and improve the power scenario
With a space crunch in national capital Delhi, MNCs plump for nearby Gurgaon and many have made it their corporate headquarters in the country, as it is just 10 km from the Indira Gandhi International airport.
Property in Gurgaon values have skyrocketed over the past decade due to this burgeoning demand. As a result, Gurgaon properties have drawn huge investments both from inland and overseas. The influx of funds has transformed this one-time village into a hi-tech city with multistoried malls and skyscrapers dotting the landscape.
The proposed expressway to Jaipur, metro rail connection to Delhi and the special economic zone to be developed by Reliance Industries has made Gurgaon apartments treasured possessions for builders and owners alike with the rush for bookings still on. All these have contributed to increased construction activity in Gurgaon properties.
Property in Gurgaon also attracts high rental values. Many residents of posh South Delhi areas buy apartments in Gurgaon while some have already shifted lock, stock and barrel there to escape Delhi's congestion and pollution. Those who sell apartments in Gurgaon these days get much higher returns than in the case of flats in other areas of the national capital region. So, Gurgaon property owners are set to witness happy times. However, to keep the cash registers ringing, the city authorities will have to do their bit to check the rising crime graph and improve the power scenario
POWER PACKED PALWAL
With world-class expressways coming up and big industries setting up base their in the area, Palwal is all set to witness a massive industrial and residential boom in the times ahead. Here's an overview to the growth patterns
The national capital region might have become the zone of high-power investments but the Tier-II towns have increasingly become the focus areas of the housing sector. Real estate experts point out that a slight decrease in the real estate market in NCR is also due to the fact that investments and development have been scattered beyond NCR. And, Tier-II towns have massively taken away the share of investment from the NCR - the latest being Palwal, in Haryana.
HUDA has also shown keen interest in developing small Haryana towns. Realising the potential of Palwal, it had recently awarded the construction work of the 135 kmlong KMP Expressway around Palwal to D S Constructions, the company which built the Dhaula Kuan-Gurgaon Expressway. This KMP Expressway will touch Manesar, before terminating at Kundli, NH-1 (
Rohtas Goel, CMD-Omaxe, says: "Palwal has a great potential for real estate development. It enjoys its own natural advantages. It is a key Haryana town situated on the strategic
An Industrial Model Town (IMP) is also being developed by the Haryana State Industrial Development Corporation (HSIDC) where industries have started coming up.
Says Sameer Gogia, a local property consultant: "Rapid industrialisation is taking place in Palwal. As a result, there has been a sharp demand for housing here. Local industrialists prefer to stay here. Within the next four years, the area will witness a massive industrial and residential boom. The nearly fivelakh strong town is bound to attract heavy population influx in the times to come."
And most importantly, the Delhi Metro Rail Corporation (DMRC) has cleared the proposal of a metro line to Ballabgarh and land has already been acquired by HUDA for the purpose.
The area will further be beautified with the private mode of development. A world-class integrated township on over 150 acres is currently under construction by real estate major Omaxe, on the Delhi-Agra National Highway-2. The township named 'Omaxe City' will be a complete township within itself, having provisions for hospitals, commercial centres, clubs, nursery-, primary-, middle-, senior-secondary schools and other basic facilities. The real articulation of development is in the construction of a five star hotel by the SRS group on NH-2, about 14 km from Palwal towards
Anil Jindal of SRS Group says: "A lot of domestic and foreign tourists travel on the Delhi-Agra Highway. But, there are no good hotels in between. There was a need to offer a luxury hotel for the tourists." According to Jindal, the nearly 15-acres-hotel site is being developed in three phases. In the first phase, 5 acres is being undertaken and would be completed by 2010 Commonwealth Games.
Local dealers say that with giants like Omaxe stepping into private housing, other developers are likely to follow suit. Already, Piyush and Era have come up in the area.
Courtesy: ET, dtd:
IT AND BPO COMPANIES ABSORB MOST OF THE TOTAL COMMERCIAL OFFICE SPACE
Despite sluggishness in demand for residential property, the commercial office space segment is continuing to spur growth, backed by strong demand for high quality real estate by both Indian and multinational companies.
"As the economy is doing pretty well, almost all companies are vying for good commercial space to expand operations. This is why the demand is pretty high in this segment," said real estate consultant Sunil Bajaj.
According to him there is a good demand for commercial office space property allover the nation. "In Mumbai the office space rentals in the Bandra-Kurla Complex (BKC), Navi Mumbai have gone up by 25 to 30 per cent over last year and the demand is increasing," said Bajaj. In Pune too, the rentals have climbed steadily to Rs 50 to Rs 80 per sq ft.
Consultancy firm Ernst & Young in one of its recent reports on Indian real estate stated that continuing the past trend, the commercial real estate segment witnessed a dominance of IT/ITeS- accounting for nearly 70 to 75 per cent of the total commercial office space absorption.
This is followed by banking, financial services, insurance, pharmaceutical and telecom companies in most cities. "Mumbai witnessed more diversified absorption with Banking, Financial Services, Insurance and Telecom contributing evenly," the report said.
According to this report, the total supply of commercial office space in the National Capital Region, Mumbai,
"Cities like
Due to limited supply in the existing central business districts of cities, rentals in secondary business districts are witnessing high appreciation in rentals and capital value, for example,
According to analysts IT/ITeS companies currently hard pressed with declining earnings due to the steady depreciation of the US dollar are scrambling for low cost office space at suburbs and even at Tire-II cities.
This is why several organised and unorganised players are constructing huge amount of commercial office space for speedy consumption.
But there is a caution for investors. "Indian real estate sector is exposed to global liquidity and interest rate related risks and threat from other emerging markets. The Indian real estate market is hence vulnerable to global risks and any adverse movement could be a dampener to its growth momentum," said the Ernst & Young report.
Courtesy: HT, dtd:
Friday, November 23, 2007
REAL ESTATE IN FARIDABAD
Better known for its annual Suraj Kund Mela and perhaps the Badkhal Lake, Faridabad chose to step aside and allow neo-cities Noida and Gurgaon to hog the limelight in the last few years. Content with its status as an industrial and residential satellite town for those who could not afford Delhi land rates, Faridabad made no attempt to woo the IT and MNC s setting up base in its neighborhood.
Real estate in Faridabad has thrived in spite of this indifference. In fact, Faridabad is being touted as NCR’s hottest property as new areas of land and improved connectivity with other cities is being strengthened.
Enjoying the most advantageous location with Delhi, Faridabad is also very well connected to Gurgaon and Noida. A strong infrastructure package for the city includes the Taj Expressway, the proposed highway from Kalindi Kunj connecting all the new sectors in Faridabad to join Mathura Road, the Faridabad - Noida - Ghaziabad - Kundli Expressway, the KMP Expressway, and the Badarpur over bridge. And with the Metro link with Delhi in the pipeline, Faridabad is a sure bet., currently witnessing price escalation of land by as high as 100 per cent. In the last year, land prices in this satellite town have increased by more than 60 to 70%. In prime sectors like 15 and 16 land prices fetch Rs 20,000 to 22,000 per sq yard today.. In sectors 81 to 90, the prices have increased to Rs 9,000-Rs 10,000 per sq. yard.
Faridabad has a sizeable affluent and trendy population, notwithstanding the absence of the MNCs, which have been catalysts in the transformation of Gurgaon and Noida. The city is at par with other NCR cities with regard to quality of construction – BPTP Parklands, Omaxe and Era Infrastructure have ultra-modern residential projects coming up. Whilst Sectors 1-65 have been developed by HUDA, the new sectors from 66 to 91 are dominated by private builders.
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 will integrate industrial, commercial and residential real estate.
Large commercial projects in the city include Eldeco’s and the city’s first theme mall “Station 1” in Sector12, based on a steam engine! Ansal and Crown Plaza are lavishly designed malls catering to chidren’s entertainment and hospitality. All signature brands and lifestyle products are on display. Mall Manhattan, a Parsvanth –Landmark Builders’ joint venture in Sector 20A is popular amongst shoppers.
So if you’re wondering where to put your money,real estate Faridabad has a price advantage over other NCR cities, backed with growing infrastructure spell good returns in the near future.
Real estate in Faridabad has thrived in spite of this indifference. In fact, Faridabad is being touted as NCR’s hottest property as new areas of land and improved connectivity with other cities is being strengthened.
Enjoying the most advantageous location with Delhi, Faridabad is also very well connected to Gurgaon and Noida. A strong infrastructure package for the city includes the Taj Expressway, the proposed highway from Kalindi Kunj connecting all the new sectors in Faridabad to join Mathura Road, the Faridabad - Noida - Ghaziabad - Kundli Expressway, the KMP Expressway, and the Badarpur over bridge. And with the Metro link with Delhi in the pipeline, Faridabad is a sure bet., currently witnessing price escalation of land by as high as 100 per cent. In the last year, land prices in this satellite town have increased by more than 60 to 70%. In prime sectors like 15 and 16 land prices fetch Rs 20,000 to 22,000 per sq yard today.. In sectors 81 to 90, the prices have increased to Rs 9,000-Rs 10,000 per sq. yard.
Faridabad has a sizeable affluent and trendy population, notwithstanding the absence of the MNCs, which have been catalysts in the transformation of Gurgaon and Noida. The city is at par with other NCR cities with regard to quality of construction – BPTP Parklands, Omaxe and Era Infrastructure have ultra-modern residential projects coming up. Whilst Sectors 1-65 have been developed by HUDA, the new sectors from 66 to 91 are dominated by private builders.
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 will integrate industrial, commercial and residential real estate.
Large commercial projects in the city include Eldeco’s and the city’s first theme mall “Station 1” in Sector12, based on a steam engine! Ansal and Crown Plaza are lavishly designed malls catering to chidren’s entertainment and hospitality. All signature brands and lifestyle products are on display. Mall Manhattan, a Parsvanth –Landmark Builders’ joint venture in Sector 20A is popular amongst shoppers.
So if you’re wondering where to put your money,real estate Faridabad has a price advantage over other NCR cities, backed with growing infrastructure spell good returns in the near future.
Real Estate Noida
Real estate NOIDA in the present times has emerged as one of the most enviable destination for property investors. Property in Noida qualifies for investing in a big way as also because of a pollution free and a highly supportive industrial environment with its unique infrastructure providing numerous and matchless facilities.
Commercial Property in Noida
Noida houses the head-office of the Software Technology Park (STP) while various automobile ancillary units with major car manufacturers have already started their operations. It is the operational hub for multinational firms outsourcing IT services.
NOIDA today exemplifies the concept of integrated township in its smooth and wide roads, uninterrupted power supply, clean and safe drinking water, and splendid residential complexes in a serene and peaceful environment
Commercial Property in Noida
Noida houses the head-office of the Software Technology Park (STP) while various automobile ancillary units with major car manufacturers have already started their operations. It is the operational hub for multinational firms outsourcing IT services.
NOIDA today exemplifies the concept of integrated township in its smooth and wide roads, uninterrupted power supply, clean and safe drinking water, and splendid residential complexes in a serene and peaceful environment
PROPERTY IN GHAZIABAD
Situated on Delhi's eastern periphery, Property in Ghaziabad is rapidly emerging as the residential nucleus for IT professionals working in NOIDA and Delhi property in India Ghaziabad is also gaining popularity owing to its proximity to the Commonwealth Games locations. Newsweek included Ghaziabad in its list of '10 Most Dynamic Cities' in the world and described it as ' India's hottest city' that "is emerging as the next popular address for Delhi-bound commuters". As affordable housing becomes the key to sales in a slowing market, key Delhi real estate developers have developed affordable residential properties in Ghaziabad along the NH-24, leading to Hapur, and along NH-58, leading to Meerut in Uttar Pradesh.
Ghaziabad's proximity to key business districts in Delhi makes it a good option for Delhi's residential real estate buyers. Large commercial developments in Noida and Greater Noida in the vicinity also adds to attraction for properties in Ghaziabad to Delhi Property buyers. Also on the cards is a 1500-acre township, a hi-tech city in Ghaziabad. The city has emerged as one of the best investment destinations for Delhi property buyers.Ghaziabad will also be connected by the proposed Metro line in Delhi Metro Rail Corporation's Phase II link from Anand Vihar to Vaishali at Kaushambi. The project is scheduled to be completed by September 2010. There is also a proposal to develop 14 flyovers which will help in reducing the traffic congestion, leading to an increase in real estate value in Delhi's suburb - Ghaziabad .
The capital values in Indirapuram in Ghaziabad in October were between Rs. 3,000–3,500/sq ft (builder flats) and Rs 2800-3000/sq ft (Cooperative housing societies) for the month of October. (Source: MagicBricks.com). In spite of a slowdown in the Delhi NCR residential real estate market, Ghaziabad's property values have held or have risen marginally between August and October. Anil Kumar Singh, a broker operating in Ghaziabad says attributes the escalation in values to the increase in demand, good location and the fact that since almost everything is sold out so its re-sale transactions. Proximity to Delhi along with good connectivity and transport links is also considered a big advantage
Ghaziabad's proximity to key business districts in Delhi makes it a good option for Delhi's residential real estate buyers. Large commercial developments in Noida and Greater Noida in the vicinity also adds to attraction for properties in Ghaziabad to Delhi Property buyers. Also on the cards is a 1500-acre township, a hi-tech city in Ghaziabad. The city has emerged as one of the best investment destinations for Delhi property buyers.Ghaziabad will also be connected by the proposed Metro line in Delhi Metro Rail Corporation's Phase II link from Anand Vihar to Vaishali at Kaushambi. The project is scheduled to be completed by September 2010. There is also a proposal to develop 14 flyovers which will help in reducing the traffic congestion, leading to an increase in real estate value in Delhi's suburb - Ghaziabad .
The capital values in Indirapuram in Ghaziabad in October were between Rs. 3,000–3,500/sq ft (builder flats) and Rs 2800-3000/sq ft (Cooperative housing societies) for the month of October. (Source: MagicBricks.com). In spite of a slowdown in the Delhi NCR residential real estate market, Ghaziabad's property values have held or have risen marginally between August and October. Anil Kumar Singh, a broker operating in Ghaziabad says attributes the escalation in values to the increase in demand, good location and the fact that since almost everything is sold out so its re-sale transactions. Proximity to Delhi along with good connectivity and transport links is also considered a big advantage
Searching for India's Best Real Estate Property Listings Website
Zameen-zaidad.com, a world class Real Estate Portal system enables local dealers, developers, buyers, sellers, owners and tenants to build and maintain their own pool of information and interact, providing local residents with access to information about properties through India.
"The portal also serves as a great marketing vehicle for other local business websites. All clients are given free text and graphic listings", he added
In the 37 Months since the portal's launch, it has been responsible many property deals in India and Overseas. "We are definitely using zameen-zaidad.com as part of our sales strategy for acquiring new clients. We use it as part of our internet marketing portfolio, to show prospective clients our capabilities and the quality of our work."
"The portal also serves as a great marketing vehicle for other local business websites. All clients are given free text and graphic listings", he added
In the 37 Months since the portal's launch, it has been responsible many property deals in India and Overseas. "We are definitely using zameen-zaidad.com as part of our sales strategy for acquiring new clients. We use it as part of our internet marketing portfolio, to show prospective clients our capabilities and the quality of our work."
Tuesday, November 13, 2007
NEW BOMBAY & THANE
In January this year, a 1,824-sq-m plot in Navi Mumbai was sold for Rs 78 crore. At Rs 4.04 lakh per sq m, this deal shattered all records, including those set by its rich cousin Mumbai. Later this year, the 37-year-old town across the harbour, planned by architect Charles Correa, created yet another record. Siddi Home Makers, which opened booking for its new project Ellora Castle at a whopping Rs 5 crore apiece, announced that it will sell flats only through invitation because of high demand.
Realty prices in Navi Mumbai has galloped, ever since Cidco acquired a strip of marshy land lying between Thane and Raigad districts in Maharashtra. Real estate consultants prices are only to go up as mega projects like international airport and Reliance Industries’ SEZ take off. Leading real estate consultants Jones Lang Lasalle Meghraj says Navi Mumbai is a potential high growth area. Growing economic activity due to such large projects "will generate a lot of appreciation of capital and rental in the medium to-long term," says its recent report.
Global real estate consultants DTZ says the satellite city's USPs are good HR catchment and easy availability of office space. It says office space rentals in Navi Mumbai have touched Rs 60 per sq ft per month. As compared to Mumbai, the city is well laid out with large tracts of open spaces and wide roads."You are closer to the city, but you are away from the chaos," says Reshma Kapadia, who recently shifted her investment consultancy firm from the Western suburb of Borivali to Belapur CBD. Ms Kapadia says her work-home relationship is much stronger ever since she moved in. "Besides, I get a lot of time for myself because I spend a lot less on travelling now."
This shift in preference is what lures big-ticket developers, who never had a prominent presence here, to New Bombay. The Rahejas have already arrived here; the Mumbai-based developers recently opened a mega mall cum multiplex complex, while a host of smaller players are getting ready to enter the market. "If anything was missing in New Bombay, it was the lack of good entertainment facilities. These malls will make up for that," says IT executive Ranjini Rangan.
The boom in the commercial sector has already started reflecting on the housing sector. The prices, which were in the Rs 15,00-2,000 per sq ft bracket, was almost doubled in most places. Apartments on the sea-facing palm beach road, has valued to Rs 6,000 and above. "Affordability is not an issue anymore, as long as you offer premium products," says Mr Dilip Jindal of Jindal Enterprises, who has developed a couple of big projects in this area.
Almost all realtors ET spoke to said that this region will survive the overall chill in the real estate market.
The other realty hot spot off Mumbai is Thane. According to international property consultants KnightFrank India, Thane has witnessed large scale residential developments over the last few years. The key reasons for the sudden shift are the availability of vast stretches of land due to closure/relocation of industries. There has been a steady growth of high rise and self sustaining townships in Thane helping it to emerge as a new residential location for the middle and upper middle income group. Current capital values for Grade A apartment range from Rs 3,500 -Rs 5,000 per sq ft.
“Thane will see an infusion of close to 7.7 million sq ft of Grade A residential space by 2009-2010, a senior analyst with KnightFrank India said. At present, the action in the residential space is concentrated on the Glady’s Alwares Road and Ghodbunder Road
Realty prices in Navi Mumbai has galloped, ever since Cidco acquired a strip of marshy land lying between Thane and Raigad districts in Maharashtra. Real estate consultants prices are only to go up as mega projects like international airport and Reliance Industries’ SEZ take off. Leading real estate consultants Jones Lang Lasalle Meghraj says Navi Mumbai is a potential high growth area. Growing economic activity due to such large projects "will generate a lot of appreciation of capital and rental in the medium to-long term," says its recent report.
Global real estate consultants DTZ says the satellite city's USPs are good HR catchment and easy availability of office space. It says office space rentals in Navi Mumbai have touched Rs 60 per sq ft per month. As compared to Mumbai, the city is well laid out with large tracts of open spaces and wide roads."You are closer to the city, but you are away from the chaos," says Reshma Kapadia, who recently shifted her investment consultancy firm from the Western suburb of Borivali to Belapur CBD. Ms Kapadia says her work-home relationship is much stronger ever since she moved in. "Besides, I get a lot of time for myself because I spend a lot less on travelling now."
This shift in preference is what lures big-ticket developers, who never had a prominent presence here, to New Bombay. The Rahejas have already arrived here; the Mumbai-based developers recently opened a mega mall cum multiplex complex, while a host of smaller players are getting ready to enter the market. "If anything was missing in New Bombay, it was the lack of good entertainment facilities. These malls will make up for that," says IT executive Ranjini Rangan.
The boom in the commercial sector has already started reflecting on the housing sector. The prices, which were in the Rs 15,00-2,000 per sq ft bracket, was almost doubled in most places. Apartments on the sea-facing palm beach road, has valued to Rs 6,000 and above. "Affordability is not an issue anymore, as long as you offer premium products," says Mr Dilip Jindal of Jindal Enterprises, who has developed a couple of big projects in this area.
Almost all realtors ET spoke to said that this region will survive the overall chill in the real estate market.
The other realty hot spot off Mumbai is Thane. According to international property consultants KnightFrank India, Thane has witnessed large scale residential developments over the last few years. The key reasons for the sudden shift are the availability of vast stretches of land due to closure/relocation of industries. There has been a steady growth of high rise and self sustaining townships in Thane helping it to emerge as a new residential location for the middle and upper middle income group. Current capital values for Grade A apartment range from Rs 3,500 -Rs 5,000 per sq ft.
“Thane will see an infusion of close to 7.7 million sq ft of Grade A residential space by 2009-2010, a senior analyst with KnightFrank India said. At present, the action in the residential space is concentrated on the Glady’s Alwares Road and Ghodbunder Road
Investment in Pune
Investing in Pune for the medium-to-long term makes the most sense in today’s real estate scenario. For the perfect portfolio, one should concentrate on the more developing areas that still feature competitive rates. The safest and most potential laden investment opportunities in Pune today lie in its townships, as they provide highly saleable property with the right mix of basic amenities and add-ons. The hottest investment destinations in Pune for modest-to-medium budgets in Pune are currently Sopan Baugh, Wanowrie, Dhankawadi and Katraj. This applies equally to residential and retail/commercial investments. Anything from Hinjewadi towards Mumbai that is within commutable distance also makes big sense, say real estate experts. Properties from Hinjewadi towards Pune may make less sense from a modest-to-medium budget perspective.
Ever since the Maharashtra government announced plans for a Multi-modal International Hub Airport at Nagpur (MIHAN) in 2002-03, the real estate sector here is witnessing brisk activity. According to Knight Frank, a number of locations around the proposed MIHAN project have seen high escalation in land and residential rates. A big plush for the state’s second capital is IT biggies’ mega investment plans. Satyam Infotech, GE, DLF, Shapoorji Pallonji, L&T, Infotech, Patni Computers and Microsoft have all taken up large tracts of land in the SEZ within the cargo hub, and this in turn will augment the residential demand in the region, says a Knight Frank report.
Demand for housing is mostly driven by employees in IT/ITES sectors and BPO professionals as well as those with insurance and banking businesses. According to a Knight Frank report, what Nagpur lacks now is dedicated office building for IT/ITES businesses, since the industry is at a nascent stage. The few IT companies in the city are located at the MIDC IT Park at Sadar and the IT Park at Parsodi. Developments existing in the CBD locations and those in Itwari, Gandhibagh, Ramdaspeth and Dharampeth have a mix of retail and office space. Insufficient demand as well as lack of good plot sizes has restricted new commercial. The Knight Frank report says the upcoming residential locations in Nagpur are Kamptee Road in the north-east, Khamla and Hingna Road in the south-west and Besa and Wardha Road in the south, which are home to a number of apartment complexes as well as stand-alone buildings
Ever since the Maharashtra government announced plans for a Multi-modal International Hub Airport at Nagpur (MIHAN) in 2002-03, the real estate sector here is witnessing brisk activity. According to Knight Frank, a number of locations around the proposed MIHAN project have seen high escalation in land and residential rates. A big plush for the state’s second capital is IT biggies’ mega investment plans. Satyam Infotech, GE, DLF, Shapoorji Pallonji, L&T, Infotech, Patni Computers and Microsoft have all taken up large tracts of land in the SEZ within the cargo hub, and this in turn will augment the residential demand in the region, says a Knight Frank report.
Demand for housing is mostly driven by employees in IT/ITES sectors and BPO professionals as well as those with insurance and banking businesses. According to a Knight Frank report, what Nagpur lacks now is dedicated office building for IT/ITES businesses, since the industry is at a nascent stage. The few IT companies in the city are located at the MIDC IT Park at Sadar and the IT Park at Parsodi. Developments existing in the CBD locations and those in Itwari, Gandhibagh, Ramdaspeth and Dharampeth have a mix of retail and office space. Insufficient demand as well as lack of good plot sizes has restricted new commercial. The Knight Frank report says the upcoming residential locations in Nagpur are Kamptee Road in the north-east, Khamla and Hingna Road in the south-west and Besa and Wardha Road in the south, which are home to a number of apartment complexes as well as stand-alone buildings
AHMEDABAD & VADODARA
DLF, the Rahejas, Godrej, Niho Constructions –– Ahmedabad has been witnessing a flurry of big players of late. Also a lot of players from state expanded presence in other regions. For instance, the Ahmedabad-based leading Adani Group clinched the biggest real-estate deal of Rs 2500-Rs 3000 crore for acquiring space in the premium Bandra-Kurla complex in Mumbai. The residential segment is seeing good demand from investors as well as actual buyers. And the demand in commercial segment is coming from retailers and corporates, mainly private banks and stock broking firms, which are expanding base here. The interest of top IT players is driving the demand for corporate spaces. Leading IT companies such as Infosys, Satyam, Wipro are eyeing Ahmedabad for the expansions. Also, big realtors such as DLF and the Rahejas are planning to come up with IT parks in Ahmedabad and Vadodara. Gujarat government’s policy of promoting knowledge cities is also working in its favour. “The retail as well as office space demand is expected to gain momentum. Several Tier-III cities in the population bracket of 60,000 to one million are on the radar of leading retailers. However, we don't expect oversupply of retail space in the city,” Trammell Crow Meghraj's vice president, retail, Shubhranshu Pani tells ET.
Property is definitely one of the key areas for investment in Goa.
Property is definitely one of the key areas for investment in Goa. Real estate has been on the roll last couple of years, sending land prices sky rocketing.
Goa has seen an average 8% to 10% growth in land values since 1995. And the state along with the rest of the country faced a lull period with prices falling from 2000 to 2003; it witnessed a sudden boom in 2004 with prices rising an average 30%. Land value in capital Panaji has doubled in the last one year while other places across the state have seen a steady 20% increase.
Presently capital Panjim is the most expensive place to acquire land. The average cost of an area here rose from Rs 25,000 per sq mts to Rs 35,000 per sq mt, with prices touching Rs 50,000 per sq.mt is crème locales like Dona Paula and other water fronts. Calangute and the northern coastal belt, comes a close second with the average start up price for a property being Rs 25,000/sq mts, costs however increase with proximity to the sea…
But head to south Goa, and you’ll probably get a better deal. Prices here are at least 30% lower than northern coast with start up rate for a place near Colva beach ranging between Rs15,000 to Rs18,000 per sq mts. Earlier speaking to ET, Darryl Pereira, CEO, Reira Group, “The social scene in north Goa is much better than in south Goa and this makes a big difference. Everyone wants a place in Calangute.” Beaches in the north are abuzz with activities; north is popular mainly for its night life. In comparison, the coastal belt of southern Goa is relatively quite and known more for its picturesque locale.
Demand for land is not only along Goa’s coastal belt but also hinter-lands, having proximity to the city. Demand for land comes mainly from two segments –– the big hoteliers looking to set up a resort here or from people scouting for a holiday home. People mainly from metros like Delhi, Mumbai, Bangalore and also Gujarat envisage a holiday home in Goa. According to real estate developers, nearly 75% of investments in Goa are by Indians living outside state, looking for a holiday home. NRIs, Pose constitute 15% of the demand, while remaining is from within Goa.
Besides this, Goa is also home to several pharmaceuticals like Blue Cross Labs, Knoll Pharma, E-Merck India, Colorcon Asia, Geno Pharma, Cadila Healthcare, Glenmark, Ratio Pharm India, Ranbaxy, Cipla, Indoco Remedies, Vicco Labs, Lupin, Unichem, Wyeth, Sander Pharma, Sanofi-Aventis, Zandu Pharma and many more.
Goa exports pharmaceuticals worth approximately Rs 550 crore annually and produces one-tenth of the pharmaceuticals manufactured in the country, amounting to Rs 2,800-crore businesses. Pharmaceutical giant Cipla’s Meditab Specialties has already begun work on the Rs 500 crore worth SEZ, which is expected to further boost the pharmaceutical segment here. This, in addition to state government's plans to develop non polluting industries, SEZs and IT parks along with state's plans to provide broadband wi-fi facility everywhere will sure add value to any investment.
Courtesy: E.T. INITIATIVE Zone WESTERN BUSINESS REVIEW
Goa has seen an average 8% to 10% growth in land values since 1995. And the state along with the rest of the country faced a lull period with prices falling from 2000 to 2003; it witnessed a sudden boom in 2004 with prices rising an average 30%. Land value in capital Panaji has doubled in the last one year while other places across the state have seen a steady 20% increase.
Presently capital Panjim is the most expensive place to acquire land. The average cost of an area here rose from Rs 25,000 per sq mts to Rs 35,000 per sq mt, with prices touching Rs 50,000 per sq.mt is crème locales like Dona Paula and other water fronts. Calangute and the northern coastal belt, comes a close second with the average start up price for a property being Rs 25,000/sq mts, costs however increase with proximity to the sea…
But head to south Goa, and you’ll probably get a better deal. Prices here are at least 30% lower than northern coast with start up rate for a place near Colva beach ranging between Rs15,000 to Rs18,000 per sq mts. Earlier speaking to ET, Darryl Pereira, CEO, Reira Group, “The social scene in north Goa is much better than in south Goa and this makes a big difference. Everyone wants a place in Calangute.” Beaches in the north are abuzz with activities; north is popular mainly for its night life. In comparison, the coastal belt of southern Goa is relatively quite and known more for its picturesque locale.
Demand for land is not only along Goa’s coastal belt but also hinter-lands, having proximity to the city. Demand for land comes mainly from two segments –– the big hoteliers looking to set up a resort here or from people scouting for a holiday home. People mainly from metros like Delhi, Mumbai, Bangalore and also Gujarat envisage a holiday home in Goa. According to real estate developers, nearly 75% of investments in Goa are by Indians living outside state, looking for a holiday home. NRIs, Pose constitute 15% of the demand, while remaining is from within Goa.
Besides this, Goa is also home to several pharmaceuticals like Blue Cross Labs, Knoll Pharma, E-Merck India, Colorcon Asia, Geno Pharma, Cadila Healthcare, Glenmark, Ratio Pharm India, Ranbaxy, Cipla, Indoco Remedies, Vicco Labs, Lupin, Unichem, Wyeth, Sander Pharma, Sanofi-Aventis, Zandu Pharma and many more.
Goa exports pharmaceuticals worth approximately Rs 550 crore annually and produces one-tenth of the pharmaceuticals manufactured in the country, amounting to Rs 2,800-crore businesses. Pharmaceutical giant Cipla’s Meditab Specialties has already begun work on the Rs 500 crore worth SEZ, which is expected to further boost the pharmaceutical segment here. This, in addition to state government's plans to develop non polluting industries, SEZs and IT parks along with state's plans to provide broadband wi-fi facility everywhere will sure add value to any investment.
Courtesy: E.T. INITIATIVE Zone WESTERN BUSINESS REVIEW
Friday, November 2, 2007
BIG PLANS FOR KMP EXPRESSWAY
To promote planned development for the new townships at the proposed Global Corridor along Kundli-Manesar-Palwal (KMP) Expressway, the Haryana Government has decided to build 7 to 8 "theme cities".
The themes include Education City, IT City, Bio-Science City, Fashion City, Leisure City among others, in addition to Industrial Model Townships (IMTs) and special economic zones (SEZs). The state government has planned the townships along a 135-km stretch off the KMP Expressway (also known as Western Peripheral Expressway).
The state government is also exploring the possibility of laying a Ring Rail network parallel to the Western and Eastern Expressway to improve transportation facilities. The railway network would link the NCR towns. The state government has planned to develop the 62000hectare land near the DelhiHaryana border for the proposed Global Corridor.
"Besides, we have decided to improve civic infrastructure in NCR towns like Kundli, Faridabad, Bahadurgarh and Gurgaon. The emphasis would also be to promote social infrastructure such as educational and commercial facilities. To facilitate this, the Haryana government has decided to float 7 to 8 theme cities in the Global Corridor," S.S. Dhillon, director of Town & Country Planning Department (DTCP) told HT.
The DTCP said that the Education City would be built in Kundli (Sonepat), the IMT at Kharkhoda (between Kundli and Sampla), the Bio-Science City in Sampla, the IT City in Badli Jahagirpur, the Fashion/Leather City in Sohna, the Law University in Manesar and the Freight City in Palwal (Faridabad).
"We hired a consultancy firm for Rs 65 lakh to conduct a feasibility study for the proposed Rajiv Gandhi Education City spread over 5000 acres of land. Work on the 2000 acres acquired for the purpose has started and we are in the process of acquiring an additional 3000 acres," Dhillon said.
The government has also sanctioned theme SEZs and IMTs, including an Engineering SEZ by the Raheja's in Manesar, Technology parks comprising IT parks and Bio-Technology parks and the R&D hubs at Manesar The 500-acre European Technology Park (ETP) is set to come up in Palwal along the expressway Arun Anand, CEO of TDI Group, said the Haryana government's plan to add social infrastructure along the KMP Expressway would ensure a better environment to residents.
Courtesy: ET, dtd: 26th Oct
The themes include Education City, IT City, Bio-Science City, Fashion City, Leisure City among others, in addition to Industrial Model Townships (IMTs) and special economic zones (SEZs). The state government has planned the townships along a 135-km stretch off the KMP Expressway (also known as Western Peripheral Expressway).
The state government is also exploring the possibility of laying a Ring Rail network parallel to the Western and Eastern Expressway to improve transportation facilities. The railway network would link the NCR towns. The state government has planned to develop the 62000hectare land near the DelhiHaryana border for the proposed Global Corridor.
"Besides, we have decided to improve civic infrastructure in NCR towns like Kundli, Faridabad, Bahadurgarh and Gurgaon. The emphasis would also be to promote social infrastructure such as educational and commercial facilities. To facilitate this, the Haryana government has decided to float 7 to 8 theme cities in the Global Corridor," S.S. Dhillon, director of Town & Country Planning Department (DTCP) told HT.
The DTCP said that the Education City would be built in Kundli (Sonepat), the IMT at Kharkhoda (between Kundli and Sampla), the Bio-Science City in Sampla, the IT City in Badli Jahagirpur, the Fashion/Leather City in Sohna, the Law University in Manesar and the Freight City in Palwal (Faridabad).
"We hired a consultancy firm for Rs 65 lakh to conduct a feasibility study for the proposed Rajiv Gandhi Education City spread over 5000 acres of land. Work on the 2000 acres acquired for the purpose has started and we are in the process of acquiring an additional 3000 acres," Dhillon said.
The government has also sanctioned theme SEZs and IMTs, including an Engineering SEZ by the Raheja's in Manesar, Technology parks comprising IT parks and Bio-Technology parks and the R&D hubs at Manesar The 500-acre European Technology Park (ETP) is set to come up in Palwal along the expressway Arun Anand, CEO of TDI Group, said the Haryana government's plan to add social infrastructure along the KMP Expressway would ensure a better environment to residents.
Courtesy: ET, dtd: 26th Oct
DEHRADUN SEES REALTY BOOM
DEHRADUN, THE PICTURESQUE 'KNOWLEDGE CAPITAL' OF INDIA, IS FAST EMERGING AS A FAVOURED FIELD FOR NATIONAL REAL ESTATE PLAYERS.
With the wellknown hill station Mussoorie, a mere one-hour drive away, Dehradun has always been known for both its scenic beauty, location and the various institutes and schools based in and around the area. Capitalising on these assets, builders with a national presence are now exploring their options and setting up projects in commercial as well as residential segments.
Premier educational institutes like the Doon School, Welhams, the Indian Military Academy, Lal Bahadur Shastri National Academy of Administration, the Forest Research Institute, HNB Garhwal University, IIP and Doon University dot the cityscape. Enlarging this knowledge tank further, the state government is now developing Dehradun into an IT and BPO destination by providing a host of incentives to new industries like 100 per cent exemption on central excise for 10 years and on income tax for the first five years.
Says Pradeep Jain, Chairman, Parsvnath Developers whose company has recently received the final notification from the Central Government for the setting up of an IT/ITES, SEZ on Sahastra Dhara Road in the city "After being made the state capital, Dehradun has taken rapid strides towards industrialisation and urbanisation. It's an upcoming destination with a lot of potential and that too with an upside real estate market."
Avers Neeraj Aggrawal, CEO, GTM Builders and Promoters, slated to be coming up with the biggest approved group housing project in the hill station, GTM Forest & Health on NH-72, "Dehradun is the capital of the new-born state of Uttarakhand and thus has immense scope for development. With so many industries coming up because of the tax benefits offered by the state, the city is surely going to become a popular IT hub on the lines of Pune."
Spearheading the development in the township is the State Industrial Development Corporation of Uttaranchal Limited (SIDCUL) - a body that plays a pivotal role. SIDCUL is developing a Rs. 12 crore Pharma City in Sela Qui on Chakrata Road across more than 50 acres. In addition to this, it is setting up a 65-acre state-of-the-art Software Technology Park with intelligent buildings and a hitech habitat centre. An STPI earth station will also be established in the region.
The growth is in the right direction as can be gauged from what Jain points out, “A good number of IT/ITES professional working in the NCR region belong to this state."
Dehradun's realty market is also doing well. Remarks Sunirmol Dubey, a leading property consultant in the city, "Dehradun today has become a seller's market growing at a very healthy pace. Within two years, property here has appreciated over three times. There is a boom in commercial property as well. Every three years, there is a 15-20 per cent increase in rentals and rented property fetches 7.5 per cent returns per annum." Dubey feels that the main reasons for the rapid development are good climate and adequate infrastructure. "Several inherent advantages of Dehradun including a good climate, low crime rate, good infrastructure like power and water, prominent educational centres have also contributed to the property boom. The surging demand and pressure on supply has been driving real estate prices here," he adds.
As mentioned earlier the state capital has attracted developers from all over the country. Apart from Parsvnath and GTM Builders, other prominent developers operating in the region are Emaar-MGF, which has signed an agreement with the Uttarakhand government to soon build and run a five-star hotel and a convention centre in Dehradun. The Rs. 2 billion (US$49 million) new hotel and convention centre will be part of an integrated facility comprising a 10-acre retail and entertainment space. Then there is Prabhatam Buildwell, which is also planning mega township projects in cities like Bangalore, Kochi, Indore, Bhopal, Ranchi and Dhanbad apart from a project slated in Dehradun as well.
Because Dehradun is on the tourist map the Mussoorie Dehradun Development Authority (MDDA) is cashing in on the fact and developing a 28 acre tourist centre on the Rajpur Road costing Rs. 10 crore.
MDDA's Rs. 624 crore plan to develop Greater Doon on the Saharanpur-Haridwar bypass is also aimed at promoting tourism. A five-star hotel, a mall and recreational facilities will be the highlight here. Dehradun's Windlass Group and the Jaypee Group are also working out plans to develop fivestar hotels in the region.
Surely a case where tourism is in turn triggering a commercial and residential real estate boom.
Courtesy: ET, dtd: 27th Oct. 2007
With the wellknown hill station Mussoorie, a mere one-hour drive away, Dehradun has always been known for both its scenic beauty, location and the various institutes and schools based in and around the area. Capitalising on these assets, builders with a national presence are now exploring their options and setting up projects in commercial as well as residential segments.
Premier educational institutes like the Doon School, Welhams, the Indian Military Academy, Lal Bahadur Shastri National Academy of Administration, the Forest Research Institute, HNB Garhwal University, IIP and Doon University dot the cityscape. Enlarging this knowledge tank further, the state government is now developing Dehradun into an IT and BPO destination by providing a host of incentives to new industries like 100 per cent exemption on central excise for 10 years and on income tax for the first five years.
Says Pradeep Jain, Chairman, Parsvnath Developers whose company has recently received the final notification from the Central Government for the setting up of an IT/ITES, SEZ on Sahastra Dhara Road in the city "After being made the state capital, Dehradun has taken rapid strides towards industrialisation and urbanisation. It's an upcoming destination with a lot of potential and that too with an upside real estate market."
Avers Neeraj Aggrawal, CEO, GTM Builders and Promoters, slated to be coming up with the biggest approved group housing project in the hill station, GTM Forest & Health on NH-72, "Dehradun is the capital of the new-born state of Uttarakhand and thus has immense scope for development. With so many industries coming up because of the tax benefits offered by the state, the city is surely going to become a popular IT hub on the lines of Pune."
Spearheading the development in the township is the State Industrial Development Corporation of Uttaranchal Limited (SIDCUL) - a body that plays a pivotal role. SIDCUL is developing a Rs. 12 crore Pharma City in Sela Qui on Chakrata Road across more than 50 acres. In addition to this, it is setting up a 65-acre state-of-the-art Software Technology Park with intelligent buildings and a hitech habitat centre. An STPI earth station will also be established in the region.
The growth is in the right direction as can be gauged from what Jain points out, “A good number of IT/ITES professional working in the NCR region belong to this state."
Dehradun's realty market is also doing well. Remarks Sunirmol Dubey, a leading property consultant in the city, "Dehradun today has become a seller's market growing at a very healthy pace. Within two years, property here has appreciated over three times. There is a boom in commercial property as well. Every three years, there is a 15-20 per cent increase in rentals and rented property fetches 7.5 per cent returns per annum." Dubey feels that the main reasons for the rapid development are good climate and adequate infrastructure. "Several inherent advantages of Dehradun including a good climate, low crime rate, good infrastructure like power and water, prominent educational centres have also contributed to the property boom. The surging demand and pressure on supply has been driving real estate prices here," he adds.
As mentioned earlier the state capital has attracted developers from all over the country. Apart from Parsvnath and GTM Builders, other prominent developers operating in the region are Emaar-MGF, which has signed an agreement with the Uttarakhand government to soon build and run a five-star hotel and a convention centre in Dehradun. The Rs. 2 billion (US$49 million) new hotel and convention centre will be part of an integrated facility comprising a 10-acre retail and entertainment space. Then there is Prabhatam Buildwell, which is also planning mega township projects in cities like Bangalore, Kochi, Indore, Bhopal, Ranchi and Dhanbad apart from a project slated in Dehradun as well.
Because Dehradun is on the tourist map the Mussoorie Dehradun Development Authority (MDDA) is cashing in on the fact and developing a 28 acre tourist centre on the Rajpur Road costing Rs. 10 crore.
MDDA's Rs. 624 crore plan to develop Greater Doon on the Saharanpur-Haridwar bypass is also aimed at promoting tourism. A five-star hotel, a mall and recreational facilities will be the highlight here. Dehradun's Windlass Group and the Jaypee Group are also working out plans to develop fivestar hotels in the region.
Surely a case where tourism is in turn triggering a commercial and residential real estate boom.
Courtesy: ET, dtd: 27th Oct. 2007
AD SPEND TO GROW
RETAILERS IN THE COUNTRY ARE SPENDING HEAVILY ON ADVERTISING
With a booming Indian retail sector, organised retailers are doing everything to attract as many footfalls as possible by advertising heavily in every form of media. According to data collected by AdEx India, advertising by retail industry reported a 12 per cent increase on television during January-May 2007 compared to the same period last year.
As many as 255 new advertisers from the retail sector made their debut on TV advertising during this period, the AdEx study said, but added that contribution by the sector to the overall ad industry remained at 1 per cent.
Retailers are not only expanding their physical presence, but are also increasingly making their presence felt on television airtime through advertisements.
The top five retailers, who accounted for 33 per cent of ads in January-May 2007, include Subiksha, Saravana Stores, Pantaloons Retail India, Kala Zone Silk Mills and Jayachandran Textiles and Gold.
The period from JanuaryMay 2007 saw nearly 700 ads by retailers per day out of 45,000 telecast on television per day during the said period. Nearly half the advertising volumes were accounted for by general entertainment channels (GECs). Apart from GECs and news channels, independent retailers also advertised on music channels.
Interestingly, south India based channels benefited more from the loosening of purse string by retailers with almost 60 per cent of big retailers preferring them, whereas east zone channels accounted for the maximum advertising volumes by small players.
Amongst the new entrants, the top three slots were secured by Home Town (a home solutions store chain of the Future Group) followed by Great Eastern Technocity (an electronic departmental store by Great Eastern Appliances) and The Mobile Store (a mobile retail outlet by Essar Telecom Retail). Seasonality played a role in advertising trends on TV during 2006 with October being the month in which retailers spent heavily on advertisements.
Courtesy: ET, dtd: 27th Oct. 2007
With a booming Indian retail sector, organised retailers are doing everything to attract as many footfalls as possible by advertising heavily in every form of media. According to data collected by AdEx India, advertising by retail industry reported a 12 per cent increase on television during January-May 2007 compared to the same period last year.
As many as 255 new advertisers from the retail sector made their debut on TV advertising during this period, the AdEx study said, but added that contribution by the sector to the overall ad industry remained at 1 per cent.
Retailers are not only expanding their physical presence, but are also increasingly making their presence felt on television airtime through advertisements.
The top five retailers, who accounted for 33 per cent of ads in January-May 2007, include Subiksha, Saravana Stores, Pantaloons Retail India, Kala Zone Silk Mills and Jayachandran Textiles and Gold.
The period from JanuaryMay 2007 saw nearly 700 ads by retailers per day out of 45,000 telecast on television per day during the said period. Nearly half the advertising volumes were accounted for by general entertainment channels (GECs). Apart from GECs and news channels, independent retailers also advertised on music channels.
Interestingly, south India based channels benefited more from the loosening of purse string by retailers with almost 60 per cent of big retailers preferring them, whereas east zone channels accounted for the maximum advertising volumes by small players.
Amongst the new entrants, the top three slots were secured by Home Town (a home solutions store chain of the Future Group) followed by Great Eastern Technocity (an electronic departmental store by Great Eastern Appliances) and The Mobile Store (a mobile retail outlet by Essar Telecom Retail). Seasonality played a role in advertising trends on TV during 2006 with October being the month in which retailers spent heavily on advertisements.
Courtesy: ET, dtd: 27th Oct. 2007
HOMEAGAIN - SURGE IN HOUSING DEMAND FROM RETURNING NRIS
THE BOOMING REAL ESTATE MARKET AND THE GROWING ECONOMY IS DRIVING NRIS TO LOOK BACK HOME FOR AN EVENTUAL ABODE. DEMAND FOR BANGALORE TOPS THE LIST OF PREFERENCES FOR HOUSING FOLLOWED BY CHENNAI, HYDERABAD, PUNE, MUMBAI, DELHI, GOA AND OTHER CITIES
There has been a perceptible shift in trends towards investment in residential property by expatriate Indians in the US. The booming Indian economy increase in disposable incomes and rise in salary levels on par with MNCs are driving the techies to seriously look at investment back home for an eventual return either now or in the near future. This is one reason why there has been a sudden spurt in demand for residential property in select Indian cities.
Yet another reason is the expansion of MNCs and corporates across Indian cities. This provides a rare opportunity for those keen to return especially when the request comes from parent companies with lucrative offers. Coupled with dwindling employment opportunities and soaring costs, returning NRIs are keen to invest in residential property for eventual returns either now or in the near future. All this has generated a large demand for housing.
A survey undertaken during the two-day India property show in the US at each location - Edison, New Jersey Dallas and Sunnyvale, California organised by the Chennai-based Priya Publications, reveals that the demand for the south Indian city of Bangalore tops the list of preferences for housing followed by Chennai, Hyderabad, Pune, Mumbai, Delhi, Goa and other cities. The increase in migration from states like Kerala has also supplemented the demand for housing in cities like Kochi.
The preference is for apartments in the price range of Rs. 35 lakh to Rs. 60 lakh. Demand exists for luxury apartments, villas, penthouses and developed plots. Those who have already invested are keen to commit more for additional homes especially with the development of integrated townships and housing built to international standards in Indian cities now. A majority of NRIs are keen to seek home loans for a repayment period of 10-15 years. With the repatriation facility now available for rental income as well, NRIs are keen to avail of this opportunity. The repatriation facility is available for up to two residential units after a lock-in period of three years.
Foreigners of non-Indian origin are evincing keen interest in investing in places like Goa. They are allowed to invest in one residential property with prior permission of the RBI by submitting the required information in the IPI form.
On the flip side is the lack of property management companies which is a major deterrent for large scale NRI investment. Unlike in the West and European countries, the concept of property management is yet to make a dent in India. There are similar services available but they are mostly confined to corporates and offered by international property consultants. On a retail level, such services are yet to gain momentum due to inadequate government support and fiscal sops.
Liberalized FEMA regulations like the repatriation of inherited/gifted property in NRO accounts and annual limits up to US$1 million have enthused NRIs/PIOs to increasingly look at reinvestment avenues within India rather than remitting sale proceeds overseas.
A number of NRIs are also looking at holiday homes in India. To this end, property developers are devising schemes with multiple investment options - so that NRIs can stay as well as earn lucrative rental incomes for the other days of the year.
A few investors are keen to plunge into commercial property investment preferably for leased properties. Fund managers and high net-worth-individuals (HNIs) are keen to commit money at the project level and expect an Internal Rate of Return (IRR) in the range of 20 per cent and above. They are also keen to commit to infrastructure development projects in select cities. Lack of information and data are major deterrents for large scale investment. Perhaps interactive seminars and sessions to apprise these individuals on the current development would boost the confidence level of investors especially at a time when foreign investors are keen to plunge into investment in various ¦ Indian cities.
Courtesy: ET, dtd: 27th Oct. 2007
There has been a perceptible shift in trends towards investment in residential property by expatriate Indians in the US. The booming Indian economy increase in disposable incomes and rise in salary levels on par with MNCs are driving the techies to seriously look at investment back home for an eventual return either now or in the near future. This is one reason why there has been a sudden spurt in demand for residential property in select Indian cities.
Yet another reason is the expansion of MNCs and corporates across Indian cities. This provides a rare opportunity for those keen to return especially when the request comes from parent companies with lucrative offers. Coupled with dwindling employment opportunities and soaring costs, returning NRIs are keen to invest in residential property for eventual returns either now or in the near future. All this has generated a large demand for housing.
A survey undertaken during the two-day India property show in the US at each location - Edison, New Jersey Dallas and Sunnyvale, California organised by the Chennai-based Priya Publications, reveals that the demand for the south Indian city of Bangalore tops the list of preferences for housing followed by Chennai, Hyderabad, Pune, Mumbai, Delhi, Goa and other cities. The increase in migration from states like Kerala has also supplemented the demand for housing in cities like Kochi.
The preference is for apartments in the price range of Rs. 35 lakh to Rs. 60 lakh. Demand exists for luxury apartments, villas, penthouses and developed plots. Those who have already invested are keen to commit more for additional homes especially with the development of integrated townships and housing built to international standards in Indian cities now. A majority of NRIs are keen to seek home loans for a repayment period of 10-15 years. With the repatriation facility now available for rental income as well, NRIs are keen to avail of this opportunity. The repatriation facility is available for up to two residential units after a lock-in period of three years.
Foreigners of non-Indian origin are evincing keen interest in investing in places like Goa. They are allowed to invest in one residential property with prior permission of the RBI by submitting the required information in the IPI form.
On the flip side is the lack of property management companies which is a major deterrent for large scale NRI investment. Unlike in the West and European countries, the concept of property management is yet to make a dent in India. There are similar services available but they are mostly confined to corporates and offered by international property consultants. On a retail level, such services are yet to gain momentum due to inadequate government support and fiscal sops.
Liberalized FEMA regulations like the repatriation of inherited/gifted property in NRO accounts and annual limits up to US$1 million have enthused NRIs/PIOs to increasingly look at reinvestment avenues within India rather than remitting sale proceeds overseas.
A number of NRIs are also looking at holiday homes in India. To this end, property developers are devising schemes with multiple investment options - so that NRIs can stay as well as earn lucrative rental incomes for the other days of the year.
A few investors are keen to plunge into commercial property investment preferably for leased properties. Fund managers and high net-worth-individuals (HNIs) are keen to commit money at the project level and expect an Internal Rate of Return (IRR) in the range of 20 per cent and above. They are also keen to commit to infrastructure development projects in select cities. Lack of information and data are major deterrents for large scale investment. Perhaps interactive seminars and sessions to apprise these individuals on the current development would boost the confidence level of investors especially at a time when foreign investors are keen to plunge into investment in various ¦ Indian cities.
Courtesy: ET, dtd: 27th Oct. 2007
Friday, October 26, 2007
Online Real Estate Sales/ Purchase/ Rental
Real Estate has undergone a massive change in the last few years thanks to the internet. Now the internet combined with real estate have redefined the way people look for properties. Be it real estate professionals or ordinary people, searching for properties have never been easier. While earlier there used to be a few websites here and there that were dedicated to real estate, now there are specialized directories that are dedicated to it. These online real estate directories are a complete database of all properties up for sale or rental in a particular area. The directory may be limited to a geographical area or it may be universal. But it is more likely that you will find the earlier one rather than the later one. The reason that you will find more real estate directories that are limited to a geographical area like a state or a town is because it is virtually impossible to maintain a record of every home or real estate property in the country. Can you imagine how large a database would be required to list each and every property in the United States? A local real estate directory for one state itself would require more than a hundred thousand pages in a website. Also, the directory needs to be frequently updated with the changes in the status of the property. For example, if the property is sold or is rented out, the change has to reflect on the website in real time. This is an extremely difficult and cumbersome job. Now there are real estate directories dedicated to each and every state. So real estate agents and people seeking to buy property can now search for properties online. Imagine you browsing through all the property listings in your town from the comfort of your living room itself. Since most of these websites are updated with the latest pictures of the properties as well you can also browse through these pictures which will give you a detailed view and better idea about the property listings. A lot of online real estate directories now have 3 dimensional views of the properties. These are new and enhanced features which have brought a whole new level of convenience to these directories. Using these directories is fairly easy and ease of use is one of the key features of most online real estate directories. All that you need to do is simply put in a few details like the number of rooms in the home that you need, whether you are looking for a commercial property or a residential one, or the geographical area of the plot. Once you hit on search, you will get a number of results which will match your search query. Almost everyone can use this search. Even if you are a newbie to the internet and using real estate directories, you can still find your chosen property with ease. There are some websites which also allow you to compare between two or more properties thus giving you an even better idea about the features and specifications of each. So if you too are looking for online properties that beat the best, then log on to the internet and merely click at www.zameen-zaidad.com a well reputed and embellised website in the field of real estate through out the world which will help you find the most suitable property for your needs.
REAL ESTATE FUNDS
The industry is readying for a significant inflow of funds. Real estate funds have been launched by Kotak, HDFC, AnandRathi, ILF&S, ICICI Ventures amongst others. Typically, these funds own large properties, commercial office spaces, hotels etc, and earn rental income as well as gain from capital appreciation. They buy, develop and sell property and share profits with investors as in any other mutual fund scheme. Due to the local nature of real estate and complexity of transactions, it is not easy for investors to identify good investment opportunities on their own, in different cities and locations. Thus, these funds have the potential of being very popular with small investors as they make investments convenient and relatively risk free.
Real estate in India is becoming a catalyst for economic growth and if transparent comprehensive reforms are carried out in the sector, it alone would contribute to over 25% growth to achieve the 10% GDP growth rate for India.”
Real estate in India is becoming a catalyst for economic growth and if transparent comprehensive reforms are carried out in the sector, it alone would contribute to over 25% growth to achieve the 10% GDP growth rate for India.”
Significant capital inflows drive real estate in India
The real estate sector in India is on upturn. In the last 24 months, there has been an unprecedented growth wherein the overall market has seen a 35 to 40% jump in capital values. Research estimates say that the real estate market in India is expected to grow from the current $14 billion to $102 billion in the next 10 years. The key catalysts for growth include increasing purchasing power with rising incomes, access to low cost loans, supply side constraints and a significant inflow of capital and investment into the sector both from domestic and international investors.
The industry is readying for a significant inflow of funds. Real estate funds have been launched by Kotak, HDFC, AnandRathi, ILF&S, ICICI Ventures amongst others. Typically, these funds own large properties, commercial office spaces, hotels etc, and earn rental income as well as gain from capital appreciation. They buy, develop and sell property and share profits with investors as in any other mutual fund scheme. Due to the local nature of real estate and complexity of transactions, it is not easy for investors to identify good investment opportunities on their own, in different cities and locations. Thus, these funds have the potential of being very popular with small investors as they make investments convenient and relatively risk free. The modifications of the FDI norms for the real estate sector in India coupled with opening up of the real estate funds would result in a paradigm shift with professional players, bigger projects and more transparency in the industry. The modified FDI norms for the real estate sector make it more construction-centric rather than land-centric. India’s booming real estate market is becoming a hot investment spot for cash-rich international pension funds, foundations, hedge funds, high net worth investors and foreign provident funds. Leading pension funds from the US such as CalPERS and Pension Fund of Oregon State, Tiger Management, Oxif and prominent insurance company AIG are among those investing huge sums in various real estate funds floated by corporates and fund managers — with the cumulative figure shooting over $4bn. The latest is IL&FS Investment Managers (IIM), which raised $405m last week, and is now raising another $200-300m. Sources said CalPERS and Oregon PF have invested $100m each in the IL&FS fund. Industry sources said that the US-based hedge fund Trikona is considering a $200m investment in the India’s real estate sector while club-registration-form NRI fund Maia wants to invest another $250m here. The Hindujas are planning a US$1 Billion realty fund. JP MOrgan is reported to be planning a Rs. 1,500 crore fund for real estate investment in India. Morgan Stanley has invested $68 million in Mantri Developers. It has been estimated that the real estate market will capture about 18-20% of the total FDI coming to India in 2005-06. The office sector market has also been growing rapidly at a compounded annual growth rate of over 30% during the last seven years across major cities in India and the demand for office space is estimated to have grown from over 3 million sq ft in 1998 to over 20 million sq ft in 2005. Due to the increased demand from IT and ITeS companies, rentals are firming up.”
The industry is readying for a significant inflow of funds. Real estate funds have been launched by Kotak, HDFC, AnandRathi, ILF&S, ICICI Ventures amongst others. Typically, these funds own large properties, commercial office spaces, hotels etc, and earn rental income as well as gain from capital appreciation. They buy, develop and sell property and share profits with investors as in any other mutual fund scheme. Due to the local nature of real estate and complexity of transactions, it is not easy for investors to identify good investment opportunities on their own, in different cities and locations. Thus, these funds have the potential of being very popular with small investors as they make investments convenient and relatively risk free. The modifications of the FDI norms for the real estate sector in India coupled with opening up of the real estate funds would result in a paradigm shift with professional players, bigger projects and more transparency in the industry. The modified FDI norms for the real estate sector make it more construction-centric rather than land-centric. India’s booming real estate market is becoming a hot investment spot for cash-rich international pension funds, foundations, hedge funds, high net worth investors and foreign provident funds. Leading pension funds from the US such as CalPERS and Pension Fund of Oregon State, Tiger Management, Oxif and prominent insurance company AIG are among those investing huge sums in various real estate funds floated by corporates and fund managers — with the cumulative figure shooting over $4bn. The latest is IL&FS Investment Managers (IIM), which raised $405m last week, and is now raising another $200-300m. Sources said CalPERS and Oregon PF have invested $100m each in the IL&FS fund. Industry sources said that the US-based hedge fund Trikona is considering a $200m investment in the India’s real estate sector while club-registration-form NRI fund Maia wants to invest another $250m here. The Hindujas are planning a US$1 Billion realty fund. JP MOrgan is reported to be planning a Rs. 1,500 crore fund for real estate investment in India. Morgan Stanley has invested $68 million in Mantri Developers. It has been estimated that the real estate market will capture about 18-20% of the total FDI coming to India in 2005-06. The office sector market has also been growing rapidly at a compounded annual growth rate of over 30% during the last seven years across major cities in India and the demand for office space is estimated to have grown from over 3 million sq ft in 1998 to over 20 million sq ft in 2005. Due to the increased demand from IT and ITeS companies, rentals are firming up.”
Friday, October 19, 2007
Investors, reputed developers of India
One talks about creating maximum rewards with minimum time expense, nothing can beat the highly ongoing and dynamic investment opportunities for commercial properties in India. Supported by a sudden spurt of business interests across the world, India is now fast emerging as the global hub for IT industry. This has led to a cut throat competition among prospective investors jostling hard to invest in commercial property in India.
However, a true investor will always stress on making smart property decisions. That’s how we help you through, by channeling all our efforts into making you head and shoulders above the competition. What helps us to outshine others in the real estate business is, the professional edge and expertise in assisting our clients to find the best commercial property to suit their business needs in any location of their choice in India.
zameen-zaidad.com makes the process of buying commercial property easier by helping you locate and assess properties that match your specifications. No assumptions, no guesswork, our clients just get outstanding results. Our proficient team work closely together to help you narrow down on the right commercial property. We never hurry you through the properties, but always aim at offering the relevant information thereby helping you to take your own decisions.
We offer our services for commercial property, which includes office space for corporate and BPO sector; retail space for shops and showroom; mall space, commercial space for Hotels and hospitality sector. Moreover, a host of other commercial properties in all ranges and categories at the best possible price in prime locations of India such as Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Gurgaon, Chandigarh, Chennai and Ahmedabad are in demand.
IT / ITES sector are believed to be the key drivers of Indian commercial market and accounts for approximately 75% of the total absorption of commercial property in the country. As per the industry soothsayers, the IT sector is likely to grow by 35-40% in the approaching years; the same data can be used as a chief benchmark when evaluating the growth of commercial real estate.
However, a true investor will always stress on making smart property decisions. That’s how we help you through, by channeling all our efforts into making you head and shoulders above the competition. What helps us to outshine others in the real estate business is, the professional edge and expertise in assisting our clients to find the best commercial property to suit their business needs in any location of their choice in India.
zameen-zaidad.com makes the process of buying commercial property easier by helping you locate and assess properties that match your specifications. No assumptions, no guesswork, our clients just get outstanding results. Our proficient team work closely together to help you narrow down on the right commercial property. We never hurry you through the properties, but always aim at offering the relevant information thereby helping you to take your own decisions.
We offer our services for commercial property, which includes office space for corporate and BPO sector; retail space for shops and showroom; mall space, commercial space for Hotels and hospitality sector. Moreover, a host of other commercial properties in all ranges and categories at the best possible price in prime locations of India such as Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Gurgaon, Chandigarh, Chennai and Ahmedabad are in demand.
IT / ITES sector are believed to be the key drivers of Indian commercial market and accounts for approximately 75% of the total absorption of commercial property in the country. As per the industry soothsayers, the IT sector is likely to grow by 35-40% in the approaching years; the same data can be used as a chief benchmark when evaluating the growth of commercial real estate.
Wednesday, October 10, 2007
Buy property in india
www.zameen-zaidad.com is very good website, it show all the facility and details in property.
Monday, October 8, 2007
Real Estate Properties in Faridabad
Want to invest in Faridabad Real Estate?
Faridabad the once sleeping town of Haryana is on the fast track to be one of the emerging and happening cities of NCR. The city is fast catching up to be a favorite for investors and the corporate world are moving in as the neighboring cities like Gurgaon and Noida reach a saturation level. As Faridabad develops into a preferred destination for MNCs, the IT, ITES and the BPO sector, the retail sector is also in its best with sprawling malls and swanky offices donning the streets of Faridabad.
As Faridabad moves on to be the next happening city in NCR, the capital values and rental values of property are gradually on the rise. It’s high time to explore the growing opportunities in Faridabad realty sector which is on a constant upswing. Be it investments in residential properties in Faridabad, commercial property or rental properties; zameen-zaidad.com is the perfect platform to cater to your demands and provide professional services to your real estate needs.
If you are planning to invest in Faridabad, then you're at the right place as IndianGround.Com has tied up with India's best and world class builders, promoters, constructors, real estate agents and brokers for providing you the ultimate real estate solution and best property deals.
As Indian economy experiences unprecedented growth, be it in economic development, infrastructure, foreign investments and related business opportunities; real estate in India is experiencing the boom. This boom is further strengthened by the relaxation of FDI in the real estate and construction sector and also retail which has opened the doors for the commercial real estate sector.
The industrial town of Faridabad is fast becoming the next hot destination for expanding developers and the pace of real estate growth is expected to prosper as more and more companies are now choosing to opt for Faridabad as its connectivity to Delhi and the nearby NCR cities like Gurgaon and Noida is proving to be a favorable factor.
Top developers from Delhi and the neighboring NCR like Ansals, Omaxe, Parsvnath Developers, Eldeco Group among many others are making headway for Faridabad which is much evident from the fast track construction in progress - from integrated townships, group housing projects, residential apartments, malls cum multiplexes, business parks and state-of-the-art office spaces.
Haridwar Real Estate Properties
Haridwar Real Estate Properties has been growing continuously since past many years due to the religious sentiments attached with the city. Haridwar attracts thousands of tourists as it is one of the most famous pilgrimage points, thus leading to the astonishing demand of Properties in Haridwar. Situated on the banks of River Ganges, people come from all over India as well as abroad to this City. To cater to the growing demands and needs of Haridwar Properties the development authorities along with other agencies undertake construction projects of Real Estate Haridwar. Property in Haridwar is not limited to any section of the society as you can get single room flat or 2/3 bedroom apartment as well as big bungalows also. Top Builders of India are venturing into construction projects in this city, thus further developing the Haridwar Property market. The peaceful environment, the sound of rituals in the numerous temples, the cold water of the River Ganga, all have been a major factor in astounding growth of Haridwar Properties. To know more about Haridwar Real Estate Properties, and get further detailed information of Real Estate in Haridwar, you can avail the services of Property Dealers who will help in you in getting Property in Haridwar at the best of prices. Indiahousing.com provides a comprehensive list of Real Estate Agents for your convenience.
Real Estate Scenario in Jalandhar
For quite sometime Jalandhar has caught the attention of Non Resident Indians (NRIs), who were earlier interested more in Chandigarh. Nonetheless, the real estate developers like DLF and Ansals have observed the trend well and are coming up with integrated townships meant for NRI segment in the city.
Local real estate major like Nitishree Group has also been developing an exclusive residential township for NRIs named as Shourya NRI City on Jalandhar Amritsar highway. The huge 150 acre township, merely 8-kilometres from the Golden Temple, will house both residential and commercial complexes.
Not just from the investment point of view, more and more NRIs are considering investments in Jalandhar to lead their post-retirement lives and this has further triggered the demand for residential properties in Jalandhar.
With these trends you can notice good availability of lifestyle apartments and luxury bungalows in Jalandhar with modern amenities of swimming pools, entertainment clubs, and hi-tech connectivity via wi-fi etc.
As far as the property prices are concerned, they have shot up by more than three fold in the past couple of years. Presence of high net-worth individuals at the residential locations like Model Town has given fillip to the surrounding commercial office spaces in Jalandhar.
The city is also observing boom in retail business and nearly all national and international lifestyle brands like Reebok, Adidas, Levis etc have set up their base in the town for that matter. At least three projects on shopping malls are likely to come up at different locations of the city in the near future.
Small and Medium Enterprises who have been playing major role in city’s local economy for the past decades are observed in expansion mode and this has further fuelled demand of commercial properties in Jalandhar.
Prices of commercial land in Jalandhar have doubled in the past 12 months. Although the industry experts assert that prices between Rs 2,500 and Rs 4,500 psft for commercial properties in Jalandhar in major locations like Ludhiana Road and central part of the city are quite reasonable vis-Ã -vis the present scenario. As per the estimates, the prices are likely to go up by more than 150 per cent in the next 6-8 months.
Overall the real estate market of Jalandhar is set to sustain the on-going positive trends. It's great time ahead for those looking for property in Jalandhar as an investment option.
Buy, Sell, Rent Properties, Commercial, Residential Land, Plots, Apartments, Flats, Office and Retail space from reputed builders/developers by our qualified real estate agents with extensive experience in Jalandhar properties.
Monday, October 1, 2007
Real Estate in Mumbai
Mumbai is aptly called the commercial and business capital of India as forty percent of India's taxes come from this city alone, and half of India's international trade passes through its splendid harbour. Formerly known as Bombay, Mumbai is the essence of human enterprise and is undoubtedly one of the most preferred destinations in India for foreign direct investment (FDI) such as joint ventures and Real Estate investments.
Owning a piece of land in Mumbai will prove to be a big asset so if you've plans to invest in Mumbai, the commercial capital of India, then you're in the right place as our site www.zameen-zaidad.com has tied up with India's best and world class builders, promoters, constructors and agents for providing you the ultimate real estate solution and best property deal.
A property in Mumbai will always earn rich dividends as the commercial hub of India is at par with most of the advanced and developed cities of the world. It houses the major financial institutions, banks and stock exchanges and the head quarters and administrative offices of major business houses operate out of Mumbai.
For any NRI returning to India and making a property investment in a metro like Mumbai will be a wise decision as it's one of the fast paced cities of India and is a haven for India's wealthy industrialists, flashy film stars and internationally acclaimed artists. With a population of nearly thirteen million people, it's the melting pot of diverse ethnic background and varied cultures.
Investment in Mumbai is highly promising as India has emerged as an across the board low cost base which makes it attractive enough for Non-Resident Indians (NRIs) and multinationals to relocate in the country.
Foreign investments in Mumbai promises high return on investments, as FDI policies in India are among the most liberal and attractive in emerging economies. So, invest in Mumbai, India and be a part of this most promising city.
As Indian economy experiences the boom
As Indian economy experiences the boom in all sectors triggered by its economic and investment policies, the metros or the Tier I cities are the ones that are inundated with burgeoning investments in the industrial and the services sector. Along with large-scale investments has boomed the realty sector creating congestion, arising out of an increasing demand for residential and commercial properties. This congestion in realty structures has forced the respective governments and many investment companies to seek out for alternative smaller cities leading to a demand for Tier II and III cities. One of the basic reasons for investments flocking in to the smaller cities is available properties and affordable prices. Moreover, the special initiatives taken by the respective governments in providing the smaller cities with infrastructural facilities and creation of SEZs, has played a vital role in promoting these small towns into cities of the future. Keeping in view all the congenial factors necessary for setting up corporate infrastructure, the investing companies ranging from pharmaceuticals to financial institutions, automobiles to the IT & ITES sectors; to the retail and real estate sector are opting for the smaller cities transforming them into India's fastest growing cities in a matter of few years.
The large scale investments by the corporate sector in the smaller cities apart from initializing economic prosperity and job opportunities has also created demand for realty spaces. While developers from all the nearby areas flock in to cater to the real estate demands, the property markets in these smaller cities are witnessing along with a changing skyline, an unprecedented hike in real estate prices. While the realty trend in Tier I cities have reached a saturation point, with the yield gap witnessing significant margin of 9.5 to 10 per cent, the Tier II cities record a yield of 10.5 to 11.5 per cent. However, the emerging winners in the present real estate scenario of India are the Tier III cities, which offer greater yields of up to 12 percent. This rising prices and promising future of these cities are driving investors to buy properties predicting long-term gain in years to come.
Recent trend also shows that due to lack of availability of business equipped infrastructure and exorbitant property prices in the existing metros, the IT, ITES and the BPO companies are vying for the smaller cities where they are promised better infrastructure, state-of-the-art office spaces and also skilled manpower. A careful study of these Tier III cities reveals the close proximity of these cities, to the most happening cities of India like Delhi, Mumbai, Bangalore to name a few. Thereby, it will be no mistake if they are called the extension cities of the booming metros. Of late, the tier II cities like Pune, Kolkata and Hyderabad have made business opportunities and infrastructural development like never before. Now it is the turn of the Tier III cities or the smaller cities like Jaipur, Ghaziabad, Kochi, etc. to make it big into the realty business as the government and the corporate sector target them as 'India's next destination cities'.
Real Estate in Hyderabad
Hyderabad, the city of Nizams, is one of the "most promising" destinations for foreign direct investment (FDI) such as joint ventures and real estate investments in India. The realty sector of India is on an upsurge due to the favorable FDI policies so this is the best time to materialize a property deal in one of the most evolving cities of the world.
Hyderabad, one of the emerging technological and biotech hubs of India is the state capital of Andhra Pradesh. This wonderful city is known for its rich history and culture with monuments, mosques, temples and rich and varied heritage in arts, crafts and dance.
With the development of a township with state-of-the-art facilities called HITEC City in Hyderabad, the place has emerged as one of best places for property investments. If you've plans to invest in Hyderabad, the city of immense possibilities, then you're at the right place as our site www.zameen-zaidad.Com has tied up with India's best and world class builders, promoters, constructors and agents for providing you the ultimate Real Estate solution and best property deal.
A property investment in Hyderabad will be immensely profitable as it also one of the most developed cities of the present day India which is today known for IT and ITES Services, Pharmaceuticals and Entertainment industries. Many call centers, Business Process Outsourcing (BPO) firms, dealing with IT and other technological services were set up in the 1990s making it one of the major regions for call centers in India. The city also houses Ramoji Film City, one of the largest regional film studios in the world.
Real Estate investments in Hyderabad promises high return on investments, as FDI policies in India are among the most liberal and attractive in emerging economies. So, invest in the following new real estate projects at Hyderabad and be a part of this modern city.
- Prime County Shamshabad
- Sreemitra Townships Puravidha
- Metro Heights
- Oxygen City
- NRI’s Center City
- Aliens Space Station
- Ashoka A-LA-Maison
Tuesday, September 25, 2007
Residential Property Market in India !!
The advancement in the living standards and the highly mobile nature of the Indian middle class has given the residential property segment a major thrust. The rapid rise in the number of lessee has kept pace with the reciprocal growth in the number of landlords in metros and other urban cities. Residential real estate has thrown an important investment option to people. People are investing heavily in residential property, which also seems to be an attractive proposition for people going in for second homes.
Residential properties in India are seen in terms of location, commercial viability and infrastructure and the exclusivity of residential address they can command. With the heights that real estate investment has achieved, investments nevertheless need to be made carefully after understanding the market trends.
www. zameen-zaidad.com provides a comprehensive range of services to prospective clients looking for properties that offer value for money. We constantly update ourselves with the current properties on the market together, keeping an eye on neighborhood values as well. All our efforts are focused on making your property buying experience a pleasant, cost efficient and successful one.
We provide a full range of market information, about general improvement in market practices. We seek to improve general understanding around the processes involved in property buying, selling and renting at the most cost efficient price.
Our inventory of residential properties has everything ranging from luxury apartments, exclusive villas to starter homes and mid-range residential agreements. Our advice and professional suggestions on residential properties are based on the credibility of our experience and vast research in this field. Other types of residential property that we deal in include:
Moreover, please feel free to contact us for any of your queries and requirements on residential properties in India. We will be happy to provide professional services on the same.
Residential Property Market in India
The thriving Indian economy besides creating job opportunities has triggered a market for residential properties in India. Today is the time of bullish residential property market which is a fast growing segment in real estate India. Most urban cities of India are warming up to increased residential property activities as a spin off from the IT, BPO and other Multi National Companies’ (MNCs) related commercial developments.
The vast potential of the fledgling segment i.e. Residential Property in India is being realized and coming up as a major area of interest that is fast gaining momentum in Indian real estate. There is a greater stress on quality developments now more than ever. Demand has picked up for apartment developments.
Recent trends in the industry point to the viability of real estate investment with returns that will be long-term. The major shift in the co-ordination of construction projects from architects to project management providers has led to improved delivery standards. World-class residential buildings, apartments and condominiums are increasingly dotting the cityscape.
With India taking on globalization over the past few years and the subsequent influx of MNCs and skilled professionals across cities like Mumbai, Pune, Bangalore, Chennai, Delhi, Kochi, and Kolkata, service/ residential apartments are fast emerging as the preferred choice for those scouting ‘home away from home’. Investing in residential property as the latest trend has given the hospitality and property market in India a huge competition.
Office-lease Trends in Tier II cities
As foreign investments in the IT and BPO sector keep flowing to India, there is a fair demand for office spaces which provides an international level of ambience. In Tier I cities like Delhi and Bangalore where developers have been catering to the demands for swanky office spaces the Tier II cities are no less comparable in design and quality.
The cost advantages in the realty sector presently lies with the Tier II cities where the realty prices are less in comparison to the metros due to easy availability of land and the government’s promotion of SEZs as more investors enter the market, the lease trends show an increase by 25% - 30% in Tier I & II cities over the next 3 years.
MNCs and Corporates in India
The industrial setting in India has been going through a phenomenal phase due to its sudden recognition as the global business hub for MNCs and corporates alike. Most of the premier globally networked industrial enterprises and corporate identities are fastly locating their base in new age India for better growth prospect.
The corporate friendly industrial policy has attracted a large number of multi-national corporations (MNCs) in the last few years to India. These multinationals have come here to set up industries either themselves or through franchise as the upgraded industrial policy of India offers competitive advantages to foreign investors.
India offers certain unique opportunities for investment which makes it a favorable investment environment. Most of the reputed global MNCs prefer operating in India rather than in China because of Indians' expertise in the English language and lower wage costs. India has an enviable pool of high quality, talented professionals and the largest population of English speakers outside the US. These vital factors have attracted a large pool of NMCs and coprporates to India, the world's most preferred manufacturing hub.
With the removal of restriction on entry, diversification and expansion of multinational corporations in the past decade, India has become a gateway for progressive investors. Foreign direct investment in India up to 100 per cent equity in a business venture is being allowed on a wide-range of products. In this extremely liberal investment atmosphere, the benefits for MNCs and corporates are very high.
India, the software super power, houses a large number of IT Parks, Business Centers and SEZs to offer an unparallel global corporate atmosphere to its investors in prominent cities such as Bangalore, Gurgaon, Noida, Hyderabad, Chennai, Chandigarh, Kolkata, Mumbai and Pune. These world class facilities make India the foremost choice for MNCs and Corporates.
Wednesday, September 19, 2007
Real Estate in Kolkata
Kolkata, erstwhile Calcutta, the capital of West Bengal and an epitome of rich culture and creativity is one of the "most preferred" destinations for foreign direct investment (FDI) such as joint ventures and real estate investments in India. The realty sector of India is on an upsurge due to the conducive FDI policies so this is the best time to materialize a property deal in one of the most prominent and alluring cities of India.
Kolkata is India's largest city and one of the finest examples of cosmopolitan atmosphere. It's an emerging new age city which is gradually carving a niche for itself in the technological arena. So, if you've plans to invest in Kolkata, an extraordinary city, then you're in the right place as our site www.zameen-zaidad.com has tied up with India's best and world class builders, promoters, constructors and agents for providing you the ultimate Real Estate solution and best Property Deal.
Kolkata, one of the cheapest cities of India is largely a British creation and was capital of British India. Its rich cultural environment has attracted millions of people across the globe and it was home to literary stalwarts such as Nobel laureate Rabindranath Tagore and Satyajit Ray, the filmmaker par excellence.
Kolkata welcomes everyone with open arms and this unique city serves as a platform where past and present smoothly coexists. Therefore as an investment perspective, Kolkata shows great promise as India has emerged as an across the board low cost base which makes it attractive enough for Non-Resident Indians (NRIs) and multinationals to relocate in the country.
Foreign investments in Kolkata promises high return on investments, as FDI policies in India are among the most liberal and attractive in emerging economies. So, invest in Kolkata, India and be a part of this culturally rich city.
Real Estate in Bangalore (Bengaluru)
Investment in
Bangalore (Bengaluru) is the city of immense potential for business as well as personal investments so if you've plans to invest in Bangalore then you're at the right place as our site www.zameen-zaidad.com has tied up with India's best and world class builders, promoters, constructors and agents for providing you the ultimate Real Estate solution and best Property Deal.
A property in Bangalore is highly recommendable as it houses India's best software companies. It is also known as the "Garden City of India", as it boasts of an amazing number of flowering trees and parks which makes the city a sheer delight to simply wander around. The city's perfect ambience and cool clime makes it one of the best places to reside in.
Apart from its technological prowess, the city is also famous for its past glory. The palaces and ancient temples in and around Bangalore makes it a place of great importance. The cosmopolitan city is one of the best examples of harmonious coexistence of diverse customs and cultures.
Real Estate investment in Bangalore, the technological hub of India, will be highly profitable as India had emerged as an across the board low cost base which makes it attractive enough for Non-Resident Indians (NRIs) and multinationals to relocate in the country.
Foreign investments in Bangalore promises high return on investments, as FDI policies in India are among the most liberal and attractive in emerging economies. So, invest in Bangalore, India and be a part of this technologically advanced city.
One can invest in the following new projects:-
- Sayijayini Saikingsdale Banaswadi
- Gopalan Enterprises Jewel
- Gopalan Enterprises Grandeur
- Classic Elmwood Golden Projects
- Royal Legend
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