Property Alert - INdia Delhi Gurgaon Noida

Property Investment in IndIa

2009-09-02T05:52:00.000-07:00

Indian real estate is becoming a hot subject among investors around the world as it provides them a chance to earn high return on investments. However, Indian property market is a highly fragmented sector with high transaction costs and less transparency. Taking a look at the excellent opportunities being offered by Indian property market, investing large amount here is certainly worth the idea. All these features make the market hot among investors. The sector is holding the market size of $12 billion real estate and is likely to grow by 30 per cent each year. With the economy growing at a rapid pace – the rate is about 8 per cent – there is a surge in the demand for quality residential properties in India. The Reserve Bank of India (RBI) has relaxed the rules further for NRIs to invest in Indian property market. The authority has taken the move for NRIs with respect to repatriation of FDI on real estate investments. In addition to this, India offers 10 to 12 per cent returns, perhaps the highest in the world. Real estate in India will grow to $90 billion in 10 years. There is no other productive avenue for investing money than property investments in India. The prospects of the pouring money in India properties have encouraged Non Indian Residents (NRIs). Also, the rental property in India is making new high and is believed to be the best as far as the capital value of the property is concerned. Investment in commercial property in India, where the returns are 10 to 15 per cent, is a proven option.

How to Find the Best Property in India

2009-09-02T05:50:00.000-07:00

It wouldn’t be unfair to say the NCR in the north has dominated the Indian Real Estate industry as there is tremendous demand for Delhi properties, Gurgaon properties and Noida and Greater Noida properties. The property prices of Delhi properties have seen an appreciation in their values in its upcoming areas such as Dwarka, Mayur Vihar and Patparganj. Greater Noida is following close on the heels of Noida where the property rates have increased in a short span of time due to the upcoming international airport, metro network and the upcoming Commonwealth Games. The property prices in Mumbai are at an all time high as there has been a considerable increase of around 40 per cent in many of its locations. Increased property rates in Mumbai have made real estate developers and buyers look for more affordable options in the suburbs like Navi Mumbai. Areas beyond Vasai, Virar, Dombival, Thane and Panvel are being touted as the upcoming townships for real estate development in western part of India. India real estate in the South are rapidly developing in Chennai, which has seen a large emergence of IT companies in the recent past thereby bringing in a demand for both commercial and residential properties. Bangalore the IT hub of India already enjoys a high rate of real estate development and to meet the growing demand, even the suburbs of Bangalore are being developed by India real estate developers.It’s a known fact India Real Estate is boom it has given birth to innumerable opportunities for investment throughout the country. All throughout the country, whether it is the metropolitans or the two or three tier cities are exploding with commercial high rises, residential townships, industrial parks and shopping malls. It is estimated that Indian real estate is presently growing at 30 % per annum and the property industry boasts of a wide range of products that includes property prices which would suit even the people of the low-income group .Primarily India properties are concentrated around the metros and the suburbs along with some of the two tier cities such as Chandigarh, Pune, Kochi and Jaipur. Investing in a property in any one of the emerging cities and towns are going to appreciate in value as properties across India are experiencing property price rise.
With the property prices shooting up in most of the Indian metros, buyers are looking towards investing in two and three tier towns where real estate development is growing at a rapid pace. Chandigarh in North India ranks high in the list of potential cities for a vibrant Indian property market. With rapid development taking place in its outskirts areas such as Panchkula, Mohali, Dera Bassi and Zirakpur, Chandigarh is certainly one of the booming real estate cities of India.

Property Prices in north India

2008-05-08T22:13:00.001-07:00

Property has always been in demand in all countries. Industrialisation in free India began in Mumbai and the north, the South too had its fair share of growth. Chennai has always been an important port city with major industries. Coimbatore was known as the Manchester of the East, with its spinning mills. Bangalore made a mark on the national GDP chart with its software sector.For industrial development, real estate is the first and basic requirement. It is only when land with civic infrastructure is made available that development follows. Commercial development will fuel residential projects. Here's a look at some factors pushing demand for land in major southern cities: Bangalore: Land with clear and marketable title is difficult to come by in the central areas. Defence and educational institutions hold the bulk of the land in central areas. Non-availability of large land parcels 100 acres and more close to the city centre is pushing many to Tier Two cities and other destinations. The large number of people coming to the city, thanks to IT opportunities, good weather and a cosmopolitan culture, are pushing up land prices here.Land prices in the city vary quite heavily. In the central business district, it is around Rs 25,000 per sq ft -commercial. Residential locations close to the city centre command around Rs 10,000-20,000 per sq ft. Land around the Outer Ring Road is between Rs 3,500 to Rs 8,000 per sq ft - residential and commercial. Chennai: Software technology parks and residential development are driving demand for land in Chennai. The recent foray of automobile giants has contributed to rising prices. Land prices in the city centre - residential and commercial - are between Rs 15,000-25,000. The tech belt - Old Mahabalipuram Road - has land values between Rs 6,000-8,000. The suburbs around have land values between Rs 2,000-3,000. Hyderabad: Hyderabad as a commercial base caught on with software majors and MNCs thanks to its upgraded civic infrastructure. This city, with its large talent pool available, has been an attractive destination. Commercial land prices in the city centre are around Rs 10,000-15,000, while it is between Rs 7,000-10,000 for residential plots. Land in localities around the IT belt costs Rs 5,000-10,000.Source: The Economic Times

Connaught Place has the 8th Highest Rentals in the World

2008-05-08T22:07:00.000-07:00

“Centrality has always remained the key to Connaught Place. The area is touched by the high-profile Lutyen’s Zone. It offers easy access all parts of the capital, be it the North, East, West or South Delhi, as also NCR towns like Gurgaon , Faridabad, Ghaziabad and Noida,” says Shikha.
Besides, easy road connectivity, the area is well connected through rail network with the New Delhi Railway Station in its immediate vicinity. CP offers the finest of hospitality; the best of hotels, institutions, libraries, markets…. the list is endless. You name a service and it is here. The area is also home to the rarest and finest of international chains and outlets.
Lalit Tekchandani, Manager (Corporate Services), Jones Lang Lasalle (JLL) Meghraj, a real estate consultancy firm, says while the Metro rail has fuelled the market’s rental and capital value, it has also gained value because of slow supply of prime office space in NCR. Besides, a number of establishments came here in the wake of sealing carried out by MCD at unauthorized locations.
Delhi Metro came as a godsend for Connaught Place. Metro has added to the area’s picturesque appeal and also pushed up office space rentals. “Metro, has, undoubtedly, enhanced the landscape of the region. People from all areas can come to the place without any hassles.
Added features like Central Park glorify the complete package of the market. Wide roads and beautification have also done their bit in transforming the area that once strived hard to keep pace,” says Sharma. Due to all the factors, realty prices of the region shot up by as much as 30 percent