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Mar
28

Low cast flats plots and houses in Greater Noida

www.indianproperty4u.com inform you that  the Greater Noida authority is offering the middle-income group a rare opportunity to own independent, expandable and well finished houses. the Greater Noida Authority will construct 3,000 houses in sector 3, Xu-II and Xu-III. PC Gupta, deputy chief executive officer, Greater Noida Industrial Development Authority {GNIDA} said . The size of plot will be 120 sq m. While constructed houses will be available in 98.24 sq m. (aprox. 1057 sq.ft area). So GNIDA is developing residential properties in Greater Noida.

 

   The cost of house is Rs 29.98 lakh and each house will be allotted through lucky draw.   The allottees will be permitted to construct additional space beyond already approved building plan. Construction not confirming to the plan would have to be approved. The houses will have two bedrooms, one drawing room, kitchen and a bathroom. The housing complex will be built in new sectors like 3, Xu-II and Xu-III and will have a swimming pool. Park, community cente, post ofice, hospital, shopping complex and parking. Gupta said, this scheme is an opportunity for developers to be a part of making of a smart city.

 

For more detail of this scheme log on :- www.indianproperty4u.com or mail to us on info@indianproperty4u.com.

 

Oct
31

DIAL Attracts Interest of Hotel Majors

The proposed project of modernizing Delhi's airport By Delhi International Airport Private Limited (DIAL) is attracting large interests from leading players in Indian and international real estate and hospitality industry to develop 45 acres of commercial land near the international terminal. The company has so far considered 15 applications, of which, 9 have been short listed and four will participate in a competitive bidding process.

The list of short-listed list includes the prominent hotel chains such as Delhi-based Claridges, European hotel chain Accor and US-based Starwood (which owns the Le Meridien and Sheraton brands). As far as short-listed real estate firms are concerned, they are Emaar MGF, Parsvnath, Omaxe, Vipul, DB Realty, Pacifica and Marathon.

Applications under consideration are from top hotel chains ITC, Indian Hotels and Lemon Tree and engineering and construction giant Larsen & Toubro.

DIAL had invited 45 applications to develop hotel under different categories of the ‘hospitality district' to come up near the international terminal. The district will feature premium, budget, business, upscale, and convention hotels to cater requirements of all visitors.

Courtesy: Indianrealtynews

Oct
31

Mumbai properties for just a few thousand rupees

Here's something about Mumbai properties which is truly surprising.

Many millionaires pay a few thousand rupees annually as lease rent for some of the most expensive Mumbai's properties they hold. The leases for such properties have been expired long ago but the state government was in no mood to take any initiative to renew.

Indeed, the bungalow of the famous actor Shah Rukh Khan is leased out to him at mere Rs 2325 per year. The property is located in one of the costliest areas of Mumbai. Incidentally, he bought the property on an expired lease.

The issue is not just restricted to residential property. Many business houses and hotels in areas such as Mahalaxmi, Juhu, Bandra, and Dadar are rented out by the government on 3 to 99 year leases.There are 53 such expired leases in Mumbai that accrue only Rs 7 crore to the state government.

The government is planning to release a new policy to calculate the rental value. The leasers started seeking legal assistance when the official asked them to renew the market value. The consultants hired by the government will recalculate the amount, by the end of December, says Rajendra Shingane, MoS, Revenue Department, Maharashtra Government.

Oct
31

Quebec fund targets Indian real estate

Caisse de Depot et Placement du Quebec, Montreal, is planning to make its first real estate investments in India, said Amelie Plante, senior adviser for communications and public affairs.

Although no specific investments are on the table, she said the fund, which has C$237.3 billion (US$243.9 billion) in assets under management, is "really working hard" on India now and might eventually look at other emerging markets.

The India investment would be made under the fund's SITQ unit, which specializes in the investment and management of office buildings and had C$10.6 billion in assets as of Dec. 31.

 Ms. Plante would not say how much the fund plans to invest in India. "It's really hard to give a hard number on," she said, adding that it would depend on opportunities.

Oct
11

Realty Contours of Pune, the Tech city

The city of Pune has certainly covered a long journey from being known as pensioners' paradise to the Tech city. These days, investors and builders seem to be making large money from Pune real estate market. This has given a strong push to wealth and development in the city.

The activities have indeed put Pune on global business map in a dramatic way. It offers a plethora of opportunities in the field of retail, IT industry, BPO industry, and the hotel industry.

Everyone belonging to Pune property market is cashing in on the prospects that the city of gold offers. High and retail market space is the most preferred sector in the market. Pune education sector is also making rapid strides and has witnessed a huge influx of students coming in all across the world. This is contributing to the success of Pune and assisting it to come up as a global education destination.

The IT sector in Pune is encouraging the young generation to come forward and contribute to the economy's progress. The city shares a big chunk of the $350 billion Indian retail market which is likely to grow at a rate of 13% per annum.

Pune Economy

Pune corporate sector is also taking full advantage of the city's retail boom and making hay while the sun shines. Ongoing activities in Pune real estate clearly underline great improvements in the infrastructure, economy, and policies of Pune.

Pune properties are marking the growth along with prospects, excellent connectivity and educational facilities. Whether talk of industries or education sector, both are nurturing and shaping up in a decent manner.

Optimum Growth Expected

Pune is expected to see a sharp appreciation of around 500% in the service and industrial sectors. The actual potential lies in Pune residential property, shopping malls, education, and the hotel industry. These segments are undoubtedly fast flourishing. As a centre of education, Pune produces around 1,50,000 graduates each year, thereby adding to the manpower and fuelling the mentioned growth rate.

Pune has become a cosmopolitan city that is largely attracting the likes of all. The city's infrastructure is developing at a surprising rate and constructive changes have taken place in the last 5 years.

The city has exclusive real estate projects in its pipeline. There is a project ‘Business Bay' which will be an exclusive residential-cum-commercial project. It will accommodate high end retail outlets, corporate offices, and the residential units.

The construction work of the International Convention Centre (ICC) is on peak. Its third phase is also going to be over. Then, there is a real estate project by Kolte Patil Developers Limited, a prominent name in the commercial and residential development. The company is planning to take Pune residential segment on high by developing properties such as integrated townships, service apartments, and high end residential projects.

Courtesy: Indianrealtynews.com

Oct
11

DLF plans an investment of Rs 2,500 Crore in malls

Real estate major DLF is all set to extend its retail footprint to tier-II and tier-III cities. And for this the company is planning to invest around Rs 2,500 crore in setting up destination malls and shopping centres in these cities.

A whopping 30 million sq ft of retail space is what DLF plans to develop over the next 36 months, spread across 30-35 cities. Some cities that have been identified for expansion include Amritsar, Jalandhar, Coimbatore, Kochi, Vadodara, Rajkot, Surat, Nasik, Lucknow, Kanpur and Varanasi.

Apart from destination malls and shopping centres, other specialized formats such as luxury malls are also being planned along with Mall of India at Gurgaon, which is being dubbed as the world's biggest mall.

In the words of DLF senior executive director (retail) Ajay Khanna, "We believe that there is a huge potential in tier-II and tier-III cities. To provide the initial depth to our retail plans, we will be spending close to Rs 1,250 crore each on building the two formats, destination malls and shopping centres across the country. The development of destination malls and shopping centres will be spread over an area of 15 million sq ft each."

The branding too will be differentiated according to the format and the shopping centres will be called City Centre or Galleria, Mr Khanna said. The company is yet to decide on the brand name for the larger destination malls. "The overall signature brand, of course, will be DLF in both the formats," he added.

DLF sees a huge demand for the smaller shopping centres and is looking at building them in the central business districts. The larger destination malls, on the other hand, will be developed in the more spacious and strategic suburban areas to cater to a bigger catchment of the community in the respective cities.

"The destination mall format will be more of a sold model where retailers will be able to buy the spaces within the mall while the shopping centre will revolve around the theme of leased model," Mr Khanna said.

The group's first shopping centre outside Gurgaon is slated to open next month at Shalimar Bagh in Delhi.

Courtesy: Indiarealestateblog

Oct
10

Citi to invest $250m in Bangalore co Nitesh Estates

Citigroup is investing around $250 million in Bangalore-headquartered real estate major Nitesh Estates. However, the exact quantum of stake could not be ascertained.

The deal, the single-largest in India's hospitality sector, will see Citi partner Nitesh in the latter's hospitality foray, which involves setting up at least five luxury hotels, said sources close to the deal.

Citigroup Property Investors will invest directly from its global fund into holding entity Nitesh Estates as well as special purpose vehicles (SPVs) for setting up properties, which may also include shopping malls. Citi's Asia-Pacific real estate fund head David Schaefer led the investment into the 31-year-old Nitesh Shetty-managed realty group.

However, Nitesh Estates executive director LS Vaidyanathan declined to comment on the deal. Citigroup is picking up a minority stake in the holding company. Citi will, however, hold substantial slakes in individual SPVs setting up the chain of hotels, sources added.

The latest deal with Citigroup does not include India's first Ritz-Carlton property, which Nitesh is developing in Bangalore. It is believed that Nitesh may be Ritz-Carlton's preferred partner, not exclusive though, in India.

Along with Citi, Nitesh plans to develop five-star hotels in Goa, Kochi, Kolkata and Chennai, sources added. This will be the fourth private equity deal being tied up by Nitesh in the past 30 months, and the third in the last one year. First, the US-based Siachen Capital invested $100 million through an SPV. This was followed up by the 25% stake sale in the parent company to the $26 billion global hedge fund Och-Ziff, for $51 million.

Subsequently, Citi invested $35 million into an SPV for the Ritz-Carlton project in Bangalore. Currently, Nitesh Estates has over 8 million sq ft under construction across segments like residential, hospitality, commercial and shopping malls.

Nitesh Group, as part of a backward integration move, is also getting into construction as well as infrastructure with separate entities being set up for the same.

Courtesy: The Economic Times

Oct
03

NRIs can now save tax on homes bought abroad

The tax rate on long-term capital gains earned on sale of property is 20%. In case, the value goes over Rs 10 lakh, the tax rate increases to 22.66%. The rule remains same for both Non Resident Indians (NRIs) and India residents.

Serving as a savior, Section 54 of the Income Tax Act exempts those capital gains which are invested in a residential property/house within a year before to two years after the sale. In case, an investor wants to build a house, the time limit is increased to within three years of the date of sale.

The exemption would be proportional if only a part of the capital gain gets utilized and the excess will be liable to tax. NRIs can benefit from the rule as it is not mentioned that the new house purchased should be located in India. This gives NRIs the liberty to purchase a house in their host country abroad and yet save tax here.

However, this is simply a theoretical possibility based on a plain reading of the law. There are possibilities of extending the exemption offered by Sec 54 to a property bought abroad, says Income Tax Tribunal.

The Mumbai Tribunal verdict in case of Mrs. Prema P Shah vs ITO 282ITR (AT) 211 [2006] is critical to shed the light on the law. Outlined below are the facts of the case:

Mrs. Prema P Shah is a NRI, who sold her house purchased in 1983 for Rs 6 million in 1992. She bought another property in London on 150 years lease, and claimed exemption u/s 54 of the IT Act.

The A.O. did not permit the claim because of following reasons:

The assessee had only bought the tenancy right.

Only the individual investing in India can claim the exemption.

The sale proceedings were not used for buying the residential property.

The argument was rejected by the Tribunal based on the facts of the case.

In the UK, property is granted long term leases rather than being allowed to buy. In the given case, the residential property was taken on a lease of 150 years, which clearly is in perpetuity and the assessee was the property owner.

The same amount of capital gains may or may not be used to purchase the property. Indeed, the assessee is allowed to buy it even on mortgage and is liable to exemption if it complies with the conditions mentioned in Sec. 54. For that reason, the borrower instantly becomes the property owner of properties purchased through mortgage.

Now, NRIs can think about buying property abroad and claiming tax benefits in India.

Courtesy: : Indianrealtynews

Oct
03

GRA International Bizkom Limited

Whether it is Bangalore or Chennai, and irrespective of the direction or alternate routes motorists utilize to enter these cities, they are resigned to spending over one hour just to move from the borders to the residential colonies located within the cities.

So if you have a job that entails frequent travel between these cities, it would make terrific sense to reside just outside the metropolitan area, especially if your office is also around thereabouts. Maybe Hosur for Bangalore and Poonamalle, Porur, or Vandalur for Chennai. So who is building houses in Vandalur now?

GRA International Bizkom Limited a unit of the Ganapati group which has been primarily involved in the businesses of leather exports, steel smelting & manufacturing, commodity trading and construction since 1984, has built up a reputation for reliability and trust, GRA has been constructing quality homes at affordable prices in prime s in Chennai and is now constructing and marketing Vandalur Park, a unique residential Colony on a prime property owned by group company, Ganapati Leather Products. The housing colony will provide space for departmental stores, clinics, a pharmacy and various other retail shops.

The -wise advantages of land situated on the main GST Road, supported by bus stand, railway station, colleges, schools and yet within the CMDA Chennai jurisdiction.

It is but a short drive from Tambaram, and has the best possible infrastructure in the form of well constructed wide roads linked to a four-lane national highway, drainage treatment plant and water supply system. The site is within walking distance behind the Urappakkam Railway Station and is so large that it extends up to the next parallel road on the opposite sides.

The specifications reveal that only thirty-five percent of the area is covered whereas as much as sixty-five percent is left as open space. The architect has displayed a very pleasant atmosphere replete with well designed landscape, avenue trees and a children's play ground of round 15,600 sq ft.

In keeping with contemporary trends an excellent drainage system enhanced by a sewage treatment plant and ground water will be recharged with a rainwater harvesting system. The entire housing colony is secured by a compound wall with round the clock security ensures peace of mind.

The bus stand and Railway Station are located along the boundary walls. Outside the compound are numerous schools and engineering colleges and not far away is the Vandalur Zoo. In the other direction, 2 kilometres away is Perungalathur - GST Road, the Shriram Gateway, SEZ, IT Park, a shopping mall and Hotels. 12 KM Meenambakkam Airport

Oct
03

Rate spike takes a toll on Mumbai realty

Demand for property has slowed down by as much as 30 per cent in lower and middle-income housing in Mumbai suburbs following the series of interest rate hikes since January that have seen lending rates rise 125 to 200 basis points this year, raising anticipation of a fall in prices.

Real-estate consultants and housing finance companies say the number of deals has dropped in suburbs such as Bhandup, Malad, Vasai, Kharghar and Panvel. "We have seen a slump of 30 per cent in the number of enquiries and sales in these areas. The slowdown in property registrations also indicates this trend," said Pranay Vakil, chairman of realty consultant and agents Knight Frank India.

"The maximum pinch can be seen in the Rs 15 lakh to Rs 50 lakh range in the suburbs," he added. This price range tends to be sensitive to rising lending rates. Confirming the trend, Rajesh Mehta, chairman, Raha Realtors, said half the registrations were taking place for rental accommodation rather than for property transactions, which used to account for 60 to 70 per cent of registrations.

The slowdown in demand has had a marginal impact in prices so far. Rajeev Sabharwal, head, retail assets, ICICI Bank, one of the largest private-sector lenders of housing loans, said though developers were not offering major price cuts, minor discounts could follow soon.

"Even though builders do not offer price cuts openly, they give discounts between 5 and 10 per cent when they come to the negotiating table," added Mehta.

Some areas, however, have seen a drop. "Prices have already dropped 10 to 15 per cent in places like Kharghar and Panvel, a 1.5 to two-hour drive from the business district Nariman Point," said Sanjay Dutt, deputy managing director of realty consultant and agent Cushman & Wakefield. He expected the stagnation to continue for another couple of months.

Part of the reason for the relatively minor fall in prices is the sharp jump in property prices over the past year. In Kharghar and Panvel, for instance, Dutt said prices had risen 50 to 70 per cent in the past year "which was way ahead of time."

"Property prices have gone up 50 to 100 per cent in the last one year in Bhandup, Vasai, Malad and other areas that are in a 50 km radius of Nariman Point" added Mehta.

The scene, however, is different in south Mumbai, where few new projects have come up in the recent years and prices have jumped 30 to 40 per cent, peaking to Rs 35,000 a square foot. Vakil of Knight Frank said apartment prices in south Mumbai have doubled in the last two years as sellers wait for higher prices before they sell their properties.

"There is a shortage of ready-to-use luxury apartments in South Mumbai. Non-resident Indians are also scouting for properties in these areas.

Today we have at least 15 to 20 people all wanting flats of more than Rs 6 crore to Rs 7 crore each, so prices are going up every 15 days," he added. Property prices have gone up 50 to 100 per cent in the last one year in Bhandup.

Sep
23

Commercial realty to be buoyant in Delhi

Real estate prices for commercial space in Capital are likely to remain buoyant in the short term while realty prices in Mumbai are expected to witness a dip in medium term, global consulting firm has said.

Lease rentals and capital values are expected to remain high in Delhi property market in the short term, Cushman and Wakefield said in its latest updates.

It pegged office space supply at 7.8 million sq ft in the Capital during the year. During last quarter (January-March), office rentals rose by 10-16 per cent in booming satellite city Gurgaon.

On Mumbai property market, C&W said supply of 12 million sq ft of new office space in the next 24-36 months was likely to bring a downward correction.

This much-needed downward price correction over medium term would help retain Mumbai's competitiveness over the long term, the realty consulting firm said.

C&W, however, predicted the rising trend of Capital and rental values of office space to remain for few quarters to come due to short supply of quality space.

Sep
23

Amritsar attracts investments in real estate sector

The thaw in Indo-Pak relations has attracted investment in mega projects, worth Rs. 3,204.59 crore, in Amritsar. Moreover, with a majority of the projects belonging to the real estate sector, it seems that the city will soon have more malls, multiplexes, townships, and penthouses. This investment also includes infusing fresh capital of Rs.765 crore by four industrial houses.

Of a total of 25 projects, 21 projects are from the real estate sector. Real estate developers like Alpha G Corporation Ltd, Dynamic Continental (P) Ltd, PVP Entertainment (P) Ltd, PVP Entertainment (P), Ansal township & Project Ltd, DLF, Parsvnath Developers Ltd. are making their presence felt by building township, malls and multiplexes. Confederation of Indian Industry (CII) Northern Zone Chairman Gunbir Singh said: "There is immense Potential in Amritsar. Also, the modernization of the city will help in attracting tourists. At present, in the absence of professionally managed hotels, most of the tourists do not want to stay in the city."

Alpha G Corporation is investing Rs. 239 crore for the development of a city center and a hotel, Dynamic is investing Rs. 100 crore, PVP Entertainment Rs. 105 crore, DLF Rs. 463 crore, and Ansal Township Rs. 800 crore. While DLF will develop an SEZ in Amritsar, Ansal will concentrate on building townships.

Alpha G Corp CEO S K Sayal said: "Developers planned by the state through private-public partnership is also a large motivating factor."

Also, India's largest waste paper unit at a single , Khanna Paper Mills, will be investing Rs. 500 crore for capacity expansion, while Rana Sugar Mills has already set up their distillery unit with a total project cost of Rs. 35 crore. Also, Khusi Ram Bihari Lal, a company engaged in rice processing, is investing Rs. 205 crore in a new unit in Amritsar.

Already, 17 companies (three industrial houses and 14 real estate companies) have signed the memorandum of understanding (MoU) with the state government and the remaining would also sign the MoU shortly. According to sources at the district industries center, these projects will be completed within three years from the date of signing the Mou. The development has also led to a sudden hike in land prices immediately after the announcement of advent of big business houses.

Sep
23

GOA: An ‘Intelligent' Building To Take Shape

Gera Developments, one of western India's most progressive real estate developers, and pioneers of the intelligent building in Pune, will make their first venture into Goa with Gera's Imperium, a 75,000 sq. ft. commercial project in Panjim, to be completed in 15 months. The building will be Goa's first ‘IntelliPlex', combining futuristic building technology with intelligent features. The project will boast of ‘intelligent' features such as motion sensor lights, lux sensors for external lighting control, intelligent fire alarms and safety systems, intelligent building monitoring systems and optional technologically advanced security systems such as biometric access control, making it a premium commercial destination. The property is strategically located in Patto Plaza, behind Kadamba bus stand and opposite the office of the Commissionerate of Custom and Excise. Gera's Imperium, like all other Gera projects, will have a five-year warranty to ensure that it stays in premium condition. This warranty covers two areas: preventive maintenance in areas of carpentry, electrical diagnostic works, plumbing and bathroom tiles; and repairs as a result of improper installation or supply of any of the building's fixtures or fittings

Sep
18

How Govt. Should Plan ‘Housing For Urban Poor'

The government is thinking hard about the ways to accommodate urban poor, a goal which can bring a round of applause for politicians. Urban housing is struck in between the outdated policies and bureaucracy.

Considering housing for poor a prime responsibility, the government has largely focused its attention towards development of large number of houses and allotted them to the poor. Funds have been garnered for development of such units, with the remaining cost shared between a bank and the beneficiary.

Demand for residential property among urban poor is increasing because of a rapid urbanization. Since, there is a shortage of land in cities; an effective urban policy requires to be brought into effect to optimize proper land use.

Outlined below are some suggestions for drafting housing policies for poor:

Housing policies must meet broader economic goals in the best way, thereby ensuring regulated urban development.

Any urban housing policy must give the first priority to urban poor who actually run the urban growth engine. Else, it will only serve as one of the futile incentives, which do nothing than promoting indiscriminate migration

Government should look towards developing enough stock of rented housing for the poor. It will set a new paradigm instead of transferring ownership to inhabitants.

The rents will seldom be an additional burden on the poor, as they pay s 500 - 1,000 per month for dingy huts in slum, without access to basic facilities. Contrary to this, residents will not suffer from the problem of uncertainty in tenure. In any case, the government housing schemes now have a significant bank loan share, which the beneficiary (who can be allotted rent vouchers) repay in monthly installments. Rent Vouchers will only be helpful in replacing the rent payments.

Seeing the large demand for lower income housing units and the pool of long tenure financing prospects, these ventures offer large potential for builders.

A contract can be signed with private builders to develop these housing units for poor. A build-operate-transfer contract for tenure of 15-20 years can be an attractive proposition. They can collect predetermined rents and the rental subsidy from the government can be directly transferred to the builders. The move can help to ensure better focusing of the subsidies.

Sep
18

Rents in Nariman Point Leave Manhattan Behind

Indian firms are being bullish on to buy or rent office space in Mumbai, a factor which has fuelled the prices of commercial property in the city. Another factor pushing the average rentals in the commercial business district areas is a sharp increase in value of rupee. The rentals are believed to be more than those in New York.

The average per sq ft cost in Nariman Point and Bandra Kurla Complex (BKC) stands at 1.5 times higher than Manhattan. According to the market trend, the rentals in BKC will rise higher than the existing rates.

Rentals in Mumbai are going through the roof. Knight Frank finds it cheaper to lease 1 lakh sq ft of commercial space for $55 per sq ft per annum than to pay $90 for the same in Mumbai.

Close on the heels of BKC, Nariman Point is also fetching rentals which are around 1.5 times higher than Manhattan, says Pranay Vakil, Chairman, Knight Frank India.

The weighted average rental in Manhattan hovers around $60, according to the latest survey. It all started a year ago when Lehman Brothers leased a property in BKC for Rs 300- 400 per sq ft per month, adds Mr. Vakil.

The cost per sq ft per annum in Mumbai's CBD was never heard to exceed $30. As compared to it, it has been three times higher in the past 18 months.

The overall average rental in Manhattan was $53.43 sq ft, says Cushman & Wakefield. The amount was the highest ever recorded.

Rents for class A offices in Manhattan are now $64.54 per square foot. Shortage of Grade ‘A' supply and increase in demand has caused a sharp increase in Mumbai by 20-30% over the last quarter.

Sep
17

AP Govt. Says ‘NO' to Property Tax Hike

Andhra Pradesh Chief Minister Y S Rajasekhara Reddy turned down the proposal of bringing a further hike in property tax to increase the revenue of local bodies.

The minister has also expressed his displeasure over the manner in which the municipalities and municipal corporations raised the property tax even after the dissent of the state government for the same.

Reddy has asked the municipal administration department to issue a fresh government order canceling the revision of property taxes for residential purpose after 2004.

Instead of making the things worst for common man as far as buying the property is concerned, municipalities should think of another way to bring improvements in their non tax revenue.

The municipalities have also been assigned the work of identifying lands to develop commercial property  to add to their income.  If it is a government land, municipalities need not pay for it. On the other hand, if it would be a private land, the expenditure will be borne by the state government.

Commercial complexes would be developed on a public private partnership (BOT). The local bodies will be permitted to use the revenue generated from such complexes to execute other development activities.

The minister also agreed for outsourcing necessary staff like managers, sanitary inspectors, bill collectors and ministerial staff by the municipalities.

Sep
17

Ahmedabad Offers Property Buyers to Buy Parking Space

People buying residential property in Ahemdabad can now also buy parking space by shelling out some extra money. They can easily get it in around Rs 1.2 lakh to 1.5 lakh in upmarket areas of the city.

However, some economically less well-off parts may charge near about to Rs 20,000 for the same. The trend will soon be seen in both commercial and residential property market. Earlier, the prospect of buying parking space was available with only a few builders in areas such as Prahladnagar, C G Road, S G Road, Navrangpura, Ellisbridge and Satellite.

As such, the legality of selling parking space has not been specified under the existing norms. It requires some space reserved for parking of the total permissible floor space index, says I P Gautam, Ahemdabad Municipal Commissioner (AMC).

Selling parking space in a megacity can be an attractive option for builders. Considering the increase in number of vehicles in Ahmedabad, the trend to buy the space is likely to boom.

The cost of parking space should be determined by studying the density of parked vehicles in the area, construction costs, and parking management costs, says Saswat Bandyopadyay, a CEPT Professor.

In case the property buyers narrow down on the option of buying parking space, they should demand added facilities such as car wash area, proper sheds, and maintenance of the parking space.

Sep
12

Current Real Estate Scenario

 

Currently the real estate market is going through a phase of correction in prices and there are inflated possibilities that the artificially inflated/increased prices are likely to come down.

Before the slow down phase in the past, the projects were sold instantly without any hitch at an   exorbitant rate.  But that would be a thing of past now.  The negative impact is explicitly visible as lots of high-end /cost oriented projects are still lying unsold. In such an eventuality,  there may be blessing in disguise as high profile speculators will be out making way for the actual users.

It is but natural that with price correction, the market will turn towards end users thereby enabling the developers to sell out their remaining products.

Meanwhile, the beginning of correction phase started with the increase in home loan rates by the banks/ government since February/ March onwards which mainly, interalia, eroded the purchasing power of middle and upper middle class majority of whom are covered in the category of end users or actual users. Now the real estate marketing is passing through the scene of wait and watch for seizing the best opportunity clubbed with the hope of reduction in home loan rates.  

 

Sep
12

BUY PROPERTY IN GURGAON

  Zameen-zaidad.com supports your plans for buying and selling properties in Gurgaon. From gaining access to current property rates to sale and purchase of property, our real estate solutions apply to a whole host of situations across the economic value chain in commercial (retail and office space), industrial & residential/rental properties in Gurgaon. The initiative by the Government of Haryana in inviting investments to Gurgaon has brought about the active growth in knowledge based industries like IT Services. This has created demand for office space and consequently to residential properties in Gurgaon.

In commercial space reputed developers like DLF, Unitech, Vipul, Vatika, JMD, Omaxe Parsvnath, Suncity Projects Ltd. are pushing the concept of workspace, urban living and leisure time in all directions. The realty boom is unbridled but eminently sustainable.

Malls in Gurgaon have been instrumental in giving a pattern to mass affluent household spends as retail and commercial business is becoming specialized. There are a number of large format retail stores in Gurgaon and existing formats are changing radically according to size and category. Office spaces in corporate buildings as well as in commercial centers like IMT Manesar, Pace City, InfoCity and Udyog Vihar in Gurgaon have catapulted Gurgaon to become the Commercial hub of India.

The proposed expressway to Jaipur, Metro Rail connection to Delhi and the Special Economic Zone to be developed by Reliance Industries are already adding value to Gurgaon apartments for builders and owners. About eight SEZs are expected to be set up which have mandates to build up residential areas or zones in order to improve the total infrastructural class in their respective areas.

The varieties existing in residential segment have Bungalows, Houses, Villas, Flats, Farmhouses, Penthouses and much more. Most of the residential units have power backup club house facilities, multipurpose hall, pool, day care, car washing facilities and children's play area.

Other areas developing fast as a shopping street are Sohna Road, National Highway no 8, Dlf Phase I, Dlf Phase II, Dlf Phase VI, Sector 15 Part 2 and many more. Hilton Hotels Corp., the second-largest US provider of rooms, and joint venture partner DLF Ltd, have plans to invest $30 Billion for setting up a chain of hotels across the country, around 50 to 75 hotels.

Zameen-zaidad.com welcomes you for most competitive & transparent property deals in real estate Gurgaon.

Sep
12

BUY PROPERTY IN FARIDABAD

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 buyers 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 buy a property in Faridabad, then you're at the right place as zameen-zaidad.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. So we welcome to you to buy, sell, rent properties, commercial, residential plots/flats, office and retail space from reputed builders/developers by our qualified real estate agents with extensive experience in Faridabad properties.

Aug
28

MUMBAI being and island city

The Financial Capital of India is a hot favorite destinations for MNC's, Banks and various other companies which accommodates high quality of office space in India.  Mumbai being an island city has limited Central Business Districts and it becomes easier at times to make a choice considering the few options you have. Mumbai is well connected by Local Trains and an extensive network of BEST which runs the local buses in Mumbai. Office spaces in the past 2 qtrs in Mumbai till August 2006 have increased steeply. The pressure is on A quality Commercial Corporate office complexes with little availability left

Aug
28

Office Space in India

With our Local Expertise, Network and a Good 15 Years Experience in the Mumbai Real Estate Market, we are able to provide you with Comprehensive Services for finding a New Office space suiting your requirements or either upgrading you to a Larger Office Premises across Mumbai, Thane and Navi Mumbai.

Mumbai has been a favorite for many Foreign & Multinational Companies setting up their offices/operations here. Its diversified and cosmopolitan culture, professional attitude and responsibility in the corporate world sets itself away from a lot of its Metro competitors all across Asia Pacific.

Mumbai being an Island City has its own Central Business Districts  and over the years these (CBD's) have spilled over in many new areas stretching down till far suburbs.

The emergence of the New age businesses of IT, ITes and BPO Companies there has been a huge demand for large office space/commercial complexes and the same are pretty much seen in s like Malad, Goregaon, Andheri East, Powai, Navi Mumbai and Thane.

A lot of Companies to commence operations will surely look at a lease transaction for 5 to 9 years, but with increased volatility in the leasing market, a lot of Large Companies are looking for an option to Buy out Commercial Real Estate in Mumbai. The most important reason is the appreciation in the Capital Values of Real Estate in Prime CBD's.

Please feel free to mail us or send us a query on Info@zameen-zaidad.com for a Complete Synopsis on the Commercial Property Market and an overview which will enable to you to decide on your next move.

Most of the Large Companies, Banks, Government Bodies, Semi Government Bodies, MNCs, Institutions, IT, BPO Companies, Ad agencies, Consulting Firms, Media Companies have their presence in the following across Mumbai which are considered as Prime Business s or CBD's.

Aug
28

Buy Land in India

If you are considering to buy land in India, you are about to make one of the best property related decisions, you have ever made. Whether as an investment, for business or other ventures, buying land here is sure to give you good returns as India is fast emerging as a lucrative property market. Find land of various sizes, at competitive prices - commercial land, agricultural land, land for schools, factories, industries, hospitals or resorts, land for houses, shopping arcades and more.

The most coveted land to buy in India includes land in the outskirts of bigger cities, in smaller town and in rural areas. Finding land to buy in the bigger cities such as Mumbai, Kolkata, Chennai, New Delhi or Bangalore, is a rare possibility as these cities are filled up to the brim. And even if you do find some, a small piece of land may cost you a fortune. Which is why, wise investors have now started to move to the city outskirt. You can avail of all facilitates of the city and yet buy huge sized land in India at much lesser price. How about buying hundred acres of land near Chandigarh for $1,000,000!

Another option is to look at the smaller cities and towns such as Coimbatore, Bhopal, Jaipur, Visakhapatnam and the like. Here you can buy land and use it for building profitable commercial or business ventures. If you are looking at investing in farmland, agricultural land, industrial premises or factories, rural areas provide you large sizes of lands at very cheap rates. If on the other hand, you are looking for land to earn from tourism, buy land in coastal Kerala, Goa, or hilly terrains in Maharashtra, Northern India and the North East India. Resorts or adventure camps aimed at tourists in these areas are sure to generate great revenue. So you can now seriously consider buying an acre of land in Kovalam, Kerala for 70,000 Pounds!

India is a keen competitor in the global land property market for the variety of land it can offer, the variable sizes and the attractive prices. Whether you are planning to set up a school, resort or a factory, you can buy exactly the piece of land that may be in your mind. Be careful however, not to trust the first real estate agent you may come across. Read, enquire and only then buy land in India.

Aug
22

Ansal Properties signs agreement with IIML for Gurgaon real estate projects

Ansal Properties & Infrastructure Ltd, a leading Indian real estate developer, has announced that the Company has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana.  The agreement was singed in Mumbai by Mr.Pranav Ansal, Director, Ansal API with IILM.

These Projects, the Township and IT SEZ, in Gurgaon, will be constructed spreading over 11 million sq. ft of office, residential and office space at an investment of approx. USD 125 Mn. These Projects are expected to have a turnover of exceeding USD 1 billion over the next 5 to 6 years.

Speaking at the occasion, Mr. Pranav Ansal, Director Ansal API said, "We are extremely delighted to sign this landmark agreement with IIML. This is yet another feather in our cap and will be amongst our landmark projects in the NCR region. We expect this project to finish in next 6 years. With Gurgaon growing as an important destination for business especially IT, we expect a very good response for the project".

Courtesy :  INRnews Correspondent Dated:  20/08/07

Aug
22

Ansal Housing launches residential project in Karnal, Haryana

Ansal Housing & Construction Ltd has announced that the Company has performed Bhoomipujan of "Ansal Town" at Karnal (Haryana) August 19, 2007. This marks the beginning of construction of fully equipped Residential Project that integrates state-of-art lifestyle with world-class features.

The project turnover is approximately Rs 250 crores.

"Ansal Town", Karnal (Haryana) is spread over approx 98 acres. The Integrated Township is strategically located near the National Highway - 1. "Ansal Town", Karnal is 125 kms from National Capital (Delhi) and 125 kms from State Capital (Chandigarh).

'Ansal Town' Karnal will have amenities like Jogging track, Commercial properties & Shop-cum-Office complex. Community Centre with swimming pool & gymnasium, High School, Primary School & Nursery School and Dispensary etc. The Project is expected to be completed in 2 years from the date of commencement of work.

Courtesy :  INRnews Correspondent Dated:  20/08/07

 

Aug
18

Strong demand for commercial property in Delhi and NCR region

In Delhi & Gurgaon, both rental and capital values for commercial property have been on an upswing. The demand situation is strong with almost all grade A buildings occupied and those under construction already leased. While demand for commercial space in Delhi is high, supply is limited since the supply of commercial land depends on auctions by DDA which are held infrequently.

Commercial property is becoming a real alternative to investment in residential real estate. In addition to capital appreciation, commercial property offers higher rental yields of typically 8-10% compared to residential yields of 4-5%.

In Connaught Place and south Delhi is one of rising rentals and near-zero vacancy In CP monthly rental rates range from Rs 100 to Rs 150 per sq ft while vacancy level is less than 5 per cent.

Office space is being developed in the city in areas such as Saket & Jasola by developers such as DLF, Unitech, and others. In Saket capital prices which were around Rs 5,000 per sq ft a year ago have now touched Rs 13,000. In Jasola only six months ago the price was Rs 4,500-5,000; today it is Rs 12,000 per sq ft and above. In Saketr rentals start from Rs 110 per sq ft. In Jasola, rates could touch Rs 150 per sq ft by end of the year.

Meanwhile Gurgaon continues to be an attractive destination for office space development driven by availability of large floor spaces, lower rentals than the city, proximity to the airport and a residential infrastructure for staff needs. Of the total 6.37 million sq ft space that will be absorbed in the NCR in 2006, Gurgaon will account for 4.16 million (65 per cent).

Within DLF Cyber City rentals are Rs 35 per sq ft, up from Rs 30 per sq ft last year. On MG Road, the rental rate has risen to over Rs 70 per sq ft. On Golf Course Road, the rental rate is Rs 45 per sq ft.

Noida is emerging as an IT-ITES hub with several campus style developments including Adobe, Cadence and Wipro. Rentals here range from Rs 35-40 per sq ft. In Noida, developers mostly develop built-to-suit (BTS) spaces for corporates. (Expressestates.in)

Courtesy :  INRnews Correspondent Dated:  16/08/07

Aug
18

India is a fast growing economy, with a booming real estate market.

Find different types of property of varying sizes, all over India. The most coveted property for sale in India includes land in the outskirts of bigger cities, in smaller town and in rural areas. Buy property in India to build profitable commercial or business ventures. If you are looking at investing in farmland, agricultural land, industrial premises or factories, rural areas provide you large sizes of lands at cheap rates.

India is a fast growing economy, with a booming real estate market.  To make the most of property in India, visit our website
http://www.zameen-zaidad.com/ . Update yourself. Which is India? Packed with hundreds of pages of in useful information and expert views on a variety of Indian real estate issues. Learn everything about properties in India for sale, buying, selling, renting and leasing out. Zameen-zaidad.com gives you the best listings of Indian property sale, property sites and information on Indian real estate research, consultancy, agency, project and property management services for all asset types. Find also latest hot property in India, which you can buy at amazing prices.


Rent a house or office, buy or sell house, apartment or commercial property - the options in Indian real estate are plenty. When you invest in property in India, rest assured that you are making a wise decision and only zameen-zaidad.com you all input, which can help you make the right choice.  

Aug
18

India is a promising investment option for investors.

India is a promising investment option for investors. Indian real estate sale market includes lands, land services, commercial real estate to residential property. Invest in commercial offices, hotels, guesthouses, resorts, bungalows, flats, offices, shops.

Invest in a profitable business venture in India's commercial capital Mumbai, or other metros such as Chennai, Kolkata or Bangalore. Set up an office or a residential complex in smaller cities such as Indore, Jaipur, Ahmedabad or Coimbatore. Make revenue from tourism by investing in hotels, guesthouses or resorts in Kochi or Goa. Buy a magnificent villa in Kodaikanal or Mahabaleshwar. Property in India gives you such diversity! It is not without reason that property in India has emerged as a keen competitor in the global Indian real estate market. Whatever you may be looking for - seaside residential complexes, hillside retreats, bungalows, farmlands, agricultural lands, or apartments in bustling cities - find it all in magnificent India.

India is a promising investment option for investors. It is a favorable market and Indian property sale market includes everything from lands, land services, commercial real estate to
residential property. Invest in commercial offices, hotels, guesthouses, resorts, bungalows, flats, offices, shops, industrial premises, malls and more, in any part of the country. Or if you are looking at investing in lands, you can invest in commercial land, agricultural land, land for schools, hospitals or resorts, land for houses, shopping malls and more.

Aug
08

ENSURE TO VERIFY LEGAL ASPECTS BEFORE BUYING AN IMMOVABLE PROPERTY

http://www.zameen-zaidad.com/ a well reputed website provides you some basic parameters which one must adhere to before buying any immovable property. To buy an immovable property is not a child's play as it involves so many aspects which need through verification before finalizing a deal. First of all a buyer must check about the clear title of the property in whose name the authentic documents exist. Check the size of the plot/flat, its number and surrounded by specific adjoining properties, roads or streets etc.

Next to the above, one has to check that how many hands a particular property have changed. Suppose a property has been sold 3 or 4 times in such an eventuality, arrange the papers of the property firstly present (last) buyer then its previous buyer and so on and the documents of the original owner/buyer are placed at the bottom in a proper sequence. In case, 2nd or 3rd party's documents are missing and are not in sequence, then the documents are faulty. Until or unless the present owner (last buyer) is not able to produce the party-wise complete documents in a proper sequence, drop the  deal as the documents are faulty and one may be in trouble if deal is finalised.

If the documents are in proper sequence, one may go ahead for negotiating the rates according to one's own budget. But here again in case of builder properties/flats/houses, one must ensure to visit builder's past projects with regard to construction and quality materials of used as well as got statutory clearance from all concerned authorities i.e. from pollution department, MCD, DDA, Fire deptt. and approval from town planner with regard to construction strictly as per approved plan including storeys. As such, after adhering to the above few basic parameters one may go ahead in finalising deal in consultation with a property consultant of your choice working in the areas who must also be aware of all the pros and cons of such properties. So for purchasing a property in a hassle free manner at reasonable rates and face to face transparent transaction please visit our well established website: http://www.zameen-zaidad.com/.

Aug
07

The world's most expensive markets as well as markets with the fastest growing rents over the past 12 months

Interestingly, according to a recent survey from property consultant CB Richard Ellis (CBRE), New Delhi's Connaught Place and Mumbai's premier business district Nariman Point are among the top ten most expensive commercial property s in the world.

According to the CBRE survey, Mumbai is at fifth place in the world's most expensive cities with an occupation cost of $138.41 per sq. ft. per annum while the national capital ranks seven with cost of $116.19.

According to the survey, the two most expensive commercial property markets were both in London - West End at $241.22 per sq ft per annum and City of London at $165.72. The next two were in Tokyo, Inner Central at $162.09 and Outer Five Wards at $143.52.

Midtown Manhattan was the priciest market in North America; at $69.44 per sq ft per annum, it was ranked at No. 21 worldwide. In other words, setting up an office in the Big Apple is cheaper than doing so in Connaught Place or Nariman Point. An earlier global study had placed Khan Market in Delhi as the costliest commercial properties, while another recent report said residential properties & rents in Mumbai were seventh highest in the world.

The survey done by real estate consultant CB Richard Ellis, which tracks the world's most expensive markets as well as markets with the fastest growing rents over the past 12 months, found that in terms of growth, Delhi ranked second with year-over-year rent growth of 79 percent. Only at Abu Dhabi did rentals grow at a faster pace (103 percent) over the past year. Singapore ranked fifth with a 54 percent increase and Mumbai sixth having experienced 45 percent rent growth over the last 12 months.

In fact many South Asian markets were placed among the top 50 markets with fastest growing rents, including three in the top 10.

In North America, Edmonton in Canada saw rents growing the fastest at 60 percent. Downtown New York ranked tenth with rents increasing 43 percent.

Of the 176 office markets monitored across the world, 90 percent showed positive growth in the 12 months to the first quarter of 2007. Singapore rose from the 43rd spot to the 24th in the most expensive market places list. In the Pacific region, Sydney was the only market that made it to the top 50, coming in at 44th.

"Having the second fastest rental increase in the world during the past one year is not a matter to be proud of. It clearly indicates a severe lack of supply as far as office space in Delhi goes. This will be a deterrent in attracting investments to the city," Richard Ellis (South Asia) managing director, Anshuman Magazine said.

Aug
07

Cost list commercial properties in India

India's booming economy - considered to be world's second fastest growing - has pushed up the price of prime commercial properties in Mumbai and New Delhi ranking them among the top ten most expensive Asian office s, according to a latest survey by global realty consultant DTZ.

Mumbai with occupancy costs of $11,400 per annum per workstation ranks fourth in the Asia Pacific region while Delhi is at eighth place having an occupancy cost of $8,150, DTZ said in a release.

In the global rankings, both Mumbai and Delhi have risen, occupying 18th and 51st positions respectively (27th and 56th in 2006). London (west end), Hong Kong and Paris occupy top three positions globally.

In Asia, Hong Kong once again recorded the highest level of occupancy costs in Asia Pacific ($19,730 per workstation per annum). It was closely followed by Tokyo (Central 5 wards) and Seoul at second and third positions at $13,470 and $12,470 respectively.

"Mumbai and Delhi have risen through the global ranks and currently occupy 18th and 51st position respectively by virtue of the expanding real estate India market and the booming IT/ITES sector," DTZ said.

Other cities from India featuring on the global list of DTZ survey are Bangalore and Chennai at 117th and 123rd positions respectively.

"Chennai, Mumbai and New Delhi have experienced one of the largest increase in occupancy cost in Asia Pacific in 2007 survey with year-on-year growth of 37 percent, 34 percent and 23 percent respectively," DTZ India managing director Ankur Srivastava said.

Jul
28

Distribution of Mall space in Delhi and NCR

The booming retail industry has brought about a major growth in Delhi real estate sector of the country. As India opens up FDI in the retail sector, there has been a conspicuous buzz in the industry as the Indian brands have a healthy competition ahead as international brand make their foray Delhi real estate(India).

This involvement of high-class retailers has brought about the Mall culture in Delhi real estate. Delhi has been predominantly a city with the highest per capita income - which is 2.5 times higher than the national average. And with MNCs dominating the corporate sector in Delhi and NCR, high incomes and disposable money have further accelerated the retail business in the city. Delhi is now gearing up for the mall revolution with the district centers like the Mayur Vihar areas in East Delhi, Vasant Kunj area in South Delhi, Pitampura area in North-west Delhi and the Janakpuri area of West Delhi having emerged as the mall destinations of the city. But the adjoining cities of NCR like Gurgaon, Noida, Ghaziabad and Faridabad have revolutionized the mall option like never before.

Compared to the present statistics of 3 million Sq.ft of mall space available in city, the next few years are expected to see an additional 17 million sq.ft of retail space in Delhi real estate & NCR.

Jul
28

Delhi Real Estate

New Delhi, the capital of India is an epitome of India's rich and vibrant culture and glorious heritage. It is surrounded on three sides by Haryana and to the east, across the river Yamuna by Uttar Pradesh. This strategic of Delhi, with massive economical development in the adjacent National Capital Region (NCR) has also brought about a significant economic progress, interalia, in Delhi real estate of the city.  Since Delhi has historically for long been the foremost in political importance till the present day, it has significantly seen development compared to other cities of India.

Delhi is one of the largest real estate sectors in the country despite its being smaller in population than other metropolis. This is primarily because the per capita income in Delhi is much higher than in other cities. Since the 1990s it has become the number one destination for all foreign direct investment and many multinational companies have set up their head quarters in Delhi and adjoining cities. Its good connectivity with other national and international cities has also made Delhi real estate a major attraction for global investors to set up their operations in the city. Delhi already has one national and one international airport and a third airport is also under consideration.

Delhi, with its premier educational institutions attracts students from all over India and abroad. It has a number of state-of-the-art government and private colleges offering quality education in the fields of science, engineering, medicine, arts, law, management etc. which have added to the value and importance of Delhi real estate

Jul
28

Office space market in India

The Indian A-Grade leasehold office space  markets  in India are currently at an all time high; both in terms of the quantum of space leased per annum and the prevailing rental values. A study conducted by global property advisers DTZ, reveals that while demand for the A-Grade leasehold office space in India continues to remain healthy, most cities in India, are seeing the beginning of an oversupply situation of office space that will continue in the short to medium term.

This study is a first of its kind in the Indian context - an objective, data-led demand supply analysis of the current state of A-Grade leasehold office space markets in India in the top seven Indian cities (Bangalore, Delhi NCR, Chennai, Hyderabad, Kolkata, Mumbai and Pune).

According to Ankur Srivastava, Managing Director, DTZ India, "Our city-level demand supply analysis, seen in conjunction with the macro-economic fundamentals, clearly indicates that office space rentals in India are likely to hit a plateau in the next six to twelve months. Barring a few exceptions (primarily the CBDs), the oversupply situation will lead to a correction in office space rental in India values. Or very simply, this correction in A-Grade office space rental values will not be driven by a lack of demand but due to the oversupply build-up."

- The IT/ITES sector will continue to be the primary driver behind A-Grade leasehold office space sector, comprising around 70% of office space demand. Financial services, biosciences and pharmaceuticals will be the other significant contributors to the forecasted demand for AGrade leasehold office space

There are various factors that will define the degree and timing of this rental value correction For e.g. the threshold for this correction has been brought closer by the two recent interest rate hikes. DTZ has, therefore, deliberately refrained from commenting on either the extent or timing of this forecasted correction in A-Grade office space rentals in India.

That notwithstanding, DTZ firmly believes that the real estate India markets are entering their next phase/wave of evolution. The Indian real estate cycle saw its last crest in 1995-96 and the following years saw real estate values come down across the country. This correction also marked the first wave of evolution of the Indian real estate markets. The prime drivers of this change were the large foreign occupiers / corporates and IT firms that were establishing their presence in India and the most pronounced impact of this wave was a complete redefinition of what constituted A-Grade office space in India.

 

Jul
24

The Worldwide Property Show will offer a one-stop shop for real estate in India for buyers

The development of real estate in India focuses on two primary areas - retail and residential. The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organised retail segment by 2010. The organised segment is expected to grow from a mere 2 per cent to 20 per cent by the end of the decade.

'The Property Finance Seminar and Exhibition gives event visitors immediate solutions to their financial queries, while offering the event participants an opportunity to launch and showcase their services,' explained Mohana Rao, International Business Development Director for IME. 'Launching the first event with an established property exhibition was a strategic decision made to assist property investors evaluate their options while house hunting to arrive at quicker conclusions.'

The Worldwide Property Show will offer a one-stop shop for real estate in India for buyers, sellers, investors and landlords, allowing global developers and estate agents to showcase off-plan, residential and commercial properties to high net-worth investors, creating a unified real estate networking and trading platform.
The show brings together property developers, estate agents, solicitors, mortgage specialists, lenders and letting agents from Spain, France, Italy, UK, South Africa, Saudi Arabia, India, Pakistan, Mauritius, Dominican Republic, UAE and more.

Jul
24

Cityscape India at the Bombay Exhibition Centre Mumbai from 19-21 November 2007

In a keynote speech to Cityscape India at the Bombay Exhibition Centre Mumbai from 19-21 November 2007, Trump will convey the complex strategies required to attract high net-worth individual investors as well as major international institutions, an issue seen as critical for long term growth of real estate in India.

Donald Trump Jr. is at the forefront of today's young businessmen with extensive Indian real estate development experience in the United States and the Middle East where the Trump Organization's hotel condominium concept is to be pioneered on the iconic Jumeirah Palm Island in Dubai.

Real estate India market growth in mature regions such as the US, UK and Australasia are experiencing a cooling down. In contrast, the real estate market in India, along with those of China and the Middle East, are booming.

A recent study by DTZ, a leading global real estate advisory and consultancy company said India's real estate market is estimated at $12 billion and growing at rate of about 30% annually.

Strong and improved economic growth, proactive policy initiatives like the relaxation of foreign direct investment rules in construction and availability of finance is driving demand for real estate in India across all sectors - commercial, residential, retail and hospitality.

Trump will point out that the major challenge for the Indian real estate market is to ensure it continues to meet the expectations of high net-worth global investors. He believes owners and developers must understand the 'mindset' of prospective investors and offer unique and attractive real estate developments in a secure investment climate.

He recently said what is needed is an environment that encourages developers to 'think out of the box' and to redefine the boundaries of creativity, architectural design, and structural engineering to bring further boost the real estate in India.


Rohan Marwaha, Group Director, Cityscape, said, Trump's message was clear, 'Foreign direct investment into India climbed to a record US$11.2 billion in 2006 and reformed real estate investment regulations for non-resident Indians and, more crucially, foreign investors is providing a new impetus real estate in India market.'

Jul
24

India Real Estate Pavilion - Worldwide Property Show in Dubai

The India Real Estate Pavilion will bring together several of the country's leading real estate and property developers who will showcase an extended portfolio of high return real estate projects from across India.

Shuckri Bundakji, Managing Director, DSL Exhibitions, said, 'Our decision to hold the India Real Estate Pavilion as part of the Worldwide Property Show was made considering the exponential growth of the Indian economy and the resultant boom in the country's property and real estate sector. Moreover, the Gulf and the UAE in particular have a significant number of potential investors who are interested in exploring viable high return investment opportunities in real estate India.'

Anil Rana, Director, Voxpop Entertainment, who are in charge of managing the India Real Estate Pavilion said, 'We are glad to be associated with a reputed exhibition such as the Worldwide Property Show and we look forward to reaping rich rewards at the event. The real estate sector in India has been flourishing in the recent years, reflecting the remarkable economic progress the country has been achieving of late. This creates an ideal scenario for us to present some of the most sought-after real estate projects in India to potential investors in the Gulf.'

Driven by positive growth in the economy, real estate in India is booming. The year 2006 started on a promising note when the Government of India opened the construction and development sector in February 2006, and allowed 100 per cent foreign direct investment (FDI) under the 'automatic route' in order to spur investment in the vital infrastructure real estate in India.

Jul
19

Real estate Delhi is continuing to grow as a sector

 In recent years Delhi properties have become very suited for commercial activities and with recent developments as well as growth in tourism expected due to the 2010 Commonwealth Games has ensured that the value of Delhi properties is on a constant rise. To buy  property in Delhi has always been a good option for the people with families and kids because the city is host to a lot of reputed educational institutions ranging to any and every area of education be it the elite technological institutions like Indian Institute of Technology, Delhi or the All India Institute of Medical Sciences to the big schools like the Modern School. To buy property in Delhi on a higher level now you can find information about properties in Delhi on various real estate Delhi websites and an array of Delhi property classifieds. To buy a property in Delhi ensures that your family gets the best of lifestyle you can get anywhere in India. Delhi is easily connected with other part of the city with public transport. That's why people from all over India flock here to buy property in Delhi. Majority of the properties in Delhi offer the best of communication facilities with digital as well as wireless telephone facilities and cell phone connectivity in all parts of the city. Moreover now Delhi has also become a very safe option because of the improved policing work being done by the authorities. Real estate Delhi is continuing to grow as a sector and more and more people are buying properties in Delhi or are gearing up to invest and buy a property in Delhi for commercial purposes. If you plan to buy a property in Delhi for residential or commercial purpose, we provide at zameen-zaidad.com the best information about Delhi properties face to face transparent deals.

Jul
19

Buy Property in Delhi

Delhi is not only the capital city of India; it is also considered the heart of India. Being the hub of all governmental and economic activities, Delhi is the city in which the fate of the entire India is decided. It is the hub of all commercial, cultural and economic activities of India.  Since Delhi is the hottest destination with regard to real estate, people from every nook and corner of the country like to buy property in Delhi. To buy property in Delhi therefore has been an evergreen option for those looking for a good residential or commercial option. Real estate Delhi has been sought regularly by Indians as well as NRIs and that's why to buy properties in Delhi have become an object of desire for many. Delhi carries an ultra modern and super fast lifestyle. The city also possesses a happening night life ever since the BPO sector has come up and people have also started to spend more and more. If you are looking a place or property for commercial purposes then to buy a property in Delhi is best option. And now with the establishment and ever since the Connaught Place has been revamped also with the coming of the Delhi Metro and DTC's fully CNG bus fleet the city's pollution levels have gone very low. And now more and more people are turning to buy property in Delhi. 

 

Jul
19

Ready-built office space

With the flow of investments into the country, commercial real estate in India is the first procurement option that a potential investor seeks for.

So as they forayed into the untested market in India, they preferred to lease their office spaces. But the last couple of years have seen stability in the demand in the real estate market for built-up office spaces; as companies have formulated longer term, more strategic plans for India. And the latest entrants to woo investors with state-of-the-art ready-built offices are the Tier II and III cities.

These cities like Kolkata and Pune scores over the Tier I cities due to the availability of suitable ready built real estate premises and also small developers to provide land for built-to-suit premises. Moreover, the establishment cost advantage over the Tier I cities plays an important role. This is also one of the major factors for companies dispersing to smaller cities instead of creating multiple operational bases in a prime city.

 

Jul
19

Real Estate in India is certainly zooming

Real Estate in India is certainly zooming away in the wake of current scenario witnessing its being riding on high growth wave. In addition, the changed stand of the Government to attract Foreign Direct Investments in India has opened up more opportunities for the Diaspora business. Out of every 10 Indian cities, you can find 8 undergoing paradigm shifts and experiencing major makeover.

The demand for commercial and residential property in India  is shooting up as never before. Roll eyes in any direction and you will find places making rapid strides in real estate development in India riding the crest of rocketing demand fuelled by availability of productive property options at rock bottom prices.

As for the reasons for such a fast development in real estate in India in recent years, the credit goes to improved infrastructure and better facilities that play major role in boosting the realty prospects of any area.

Zameen-Zaidad.com brings you the excellent prospects to make hay while sun shines in Indian real estate. Outlined below is the chart featuring Indian states experiencing the real estate boom in true sense. Each click gives you the detailed description about its real estate trend in India followed by acquainting you with the areas gaining prominence as an ideal investment destination.

Jul
13

REAL ESTATE IN INDIA

zameen-zaidad.com is your best guide to real estates India. Apart from real estate agents to suit your buying, selling or renting requirements of flats, houses, offices and commercial land, find also property consultants and real estate managers for commercial, industrial and residential premises at prime s in Delhi and other metropolitan cities in India. You can meet your property requirements in Delhi/NCR & other metro smaller and also find useful information on cheap home loans.  

In the fast growing economy, real estate in India has emerged as one of the most appealing investment options for domestic and foreign investors. And, if you are looking to invest in India, the first thing you are required to visit our well reputed site: http://www.zameen-zaidad.com/

In Delhi/NCR and other smaller cities, find property that suites your budget. Real estate India is catching the worlds' attention, since India has lots to offer those interested in investing here. Whether in Delhi / NCR or the other smaller cities or the magnificent hills - India emerges as a keen competitor in the global real estate market. With phenomenal growth in real estate in India, you can expect to earn multifold, if you ever plan to sell.

You may also find latest hot deals wherein you can buy real estate in India, at low prices. zameen-zaidad.com provides a consistent level of service to global consumers and understands the importance on the quality of service delivered to customers.

 

 

Jul
13

Real Estate Property in India

Looking to safeguard your future but doesn't know the solution? If you fall into this category then this is the time to invest your money in real estate property in India. Real estate is one field in India which is catching a lot of eye balls and also attracting various foreign investors. With liberalized Indian government policies more and more foreign investors are gearing up to invest in real estate India. India is one country which boasts vast geographical expansion and that's the reason why many people are now targeting Indian real estate.

Investing in real estate in India is the safest bet as experts have predicted that in coming future Indian property will be riding high and be the most profit reaping medium. The main highlight of this boom is that the Indian real estate development is not only restricted to metropolitan cities such as Delhi, Mumbai and Kolkata but it is spreading in small Indian cities too such as Indore, Pune, Kanpur and even Noida. This shows that Indian real estate development is going in the right direction along with the full-fledged development.

According to the property experts, investing in real estate in India will strengthen your financial position and also reap whooping benefits. To improve and attract more investors to invest in real estate in India, Indian government has taken various transparent steps so that no one is at loss. If we look at the current trend you can say that having an Indian property in your kitty will surely reap profits for you in the future. The main reason behind this is that every year there is a rise in the property prices and also Indian real estate provides you the diversity.

That's why real estate in India has emerged as a keen competitor in the global real estate market. India offers every kind of property whether it is seaside property or property in a hill station or even a magnificent villa in Kodaikanal or Mahabaleshwar. In short, you name it and India offers it. Thus, if you wish to reap benefits and profits with your investment then to invest in real estate in India is the wisest choice.

For more information on real estate property in India, Indian real estate companies, India property sale, real estate property listing India and land for sale in India please visit http://www.zameen-zaidad.com/.

Jul
13

Property in India

Invest in a profitable business venture in India's commercial capital Mumbai, or other metros such as Chennai, Kolkata or Bangalore. Set up an office or a residential complex in smaller cities such as Indore, Jaipur, Ahmedabad or Coimbatore. Make revenue from tourism by investing in hotels, guesthouses or resorts in Kochi or Goa. Buy a magnificent villa in Kodaikanal or Mahabaleshwar. Property in India gives you such diversity! It is not without reason that India has emerged as a keen competitor in the global real estate market. Whatever you may be looking for - seaside residential complexes, hillside retreats, bungalows, farmlands, agricultural lands, or apartments in bustling cities - find it all in magnificent property in India.

India is a promising investment option for investors. It is a favorable market and property sale market in India includes everything from lands, land services, commercial real estate to residential property in India. Invest in commercial offices, hotels, guesthouses, resorts, bungalows, flats, offices, shops, industrial premises, malls and more, in any part of the country. Or if you are looking at investing in lands, you can invest in commercial land, agricultural land, land for schools, hospitals or resorts, land for houses, shopping malls and more.

Find different types of land of varying sizes, all over India. The most coveted property for sale in India includes land in the outskirts of bigger cities, in smaller town and in rural areas. Buy land to build profitable commercial or business ventures. If you are looking at investing in farmland, agricultural land, industrial premises or factories, rural areas provide you large sizes of lands at cheap rates.

Ours is a fast growing economy, with a booming Property market in India. To make the most of property in India, please visit our reputed website: http://www.zameen-zaidad.com/ and learn everything about properties in India for sale, buying, selling, renting and leasing out.

Jul
09

COMMERCIAL PROPERTY

There are many types of commercial properties available in the market. For example, shops, showrooms, office space, commercial land, space in retail mall etc. Investors can invest in various commercial properties based on their investment portfolio. For example, small investors can look for investing in a small shop space in a prime locality and rent it out to a bank for an ATM. Larger investors can look for office space and rent it out to smaller companies for office purposes.

 

Investment in commercial property normally yields a rental return of 12-15 percent per annum on the invested amount. With current market conditions, conservative estimate of appreciation on an investment in property is about 20 percent annually.

Jul
09

RESIDENTIAL PROPERTY

An investment in residential property is one of the safest investments with secured cash flows. Investments can be made in flats, extension of own house, renting a portion of your own house etc. Rental returns from a residential property ranges from 4-8 percent. On top of it, if you add the tax benefits due to you, it can go up to 10 percent. Appreciation of property is an added bonus for investors.
Jul
09

Indian real estate sites

Owing to its vast geographic expanse, the Indian sub-continent – especially India -- has an enormous scope for the real estate. The real estate in India ranges from residential complexes to shopping malls. It also includes property in metropolitan cities, commercial offices and land in smaller Indian cities that can be used for both agricultural and industrial purposes. Hotels, guesthouses and resorts are also included in the preview.

There is a huge amount of interest among many people in India and abroad about the real estate India. Incidentally large tracts of real estate India are witnessing a gradual transformation. As a result huge projects are currently going on in full swing. Some mentionable include: Info Park and Cochin Special Export Zone (CSEZ) are expanding at a fast pace. Various companies functioning here include Advanced Integrated Technologies and Systems, Genfocus InfoTech (I) Ltd., IBS Software Services, Outsource Partners International and Popular e-Solutions.

Jun
28

Commercial Properties in India

The Real Estate India Pavilion will bring together several of the country's leading real estate and property developers who will showcase an extended portfolio of high return commercial properties in India.

Shuckri Bundakji, Managing Director, DSL Exhibitions, said, 'Our decision to hold the Real Estate India Pavilion as part of the Worldwide Property Show was made considering the exponential growth of the Indian economy and the resultant boom in the country's property and real estate sector. Moreover, the Gulf and the UAE in particular have a significant number of potential investors who are interested in exploring viable high return investment opportunities in commercial properties in India.'

Anil Rana, Director, Voxpop Entertainment, who are in charge of managing the India Real Estate Pavilion said, 'We are glad to be associated with a reputed exhibition such as the Worldwide Property Show and we look forward to reaping rich rewards at the event. The real estate and property sector across India has been flourishing in the recent years, reflecting the remarkable economic progress the country has been achieving of late. This creates an ideal scenario for us to present some of the most sought-after real estate India  projects to potential investors in the Gulf.'
Jun
28

Real Estate in India

Driven by positive growth in the economy, real estate India is booming. The year 2006 started on a promising note when the Government of India opened the construction and development sector in February 2006, and allowed 100 per cent foreign direct investment (FDI) under the 'automatic route' in order to spur investment in the vital infrastructure sector.

The development of real estate India focuses on two primary areas - retail and residential. The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organised retail segment by 2010. The organised segment is expected to grow from a mere 2 per cent to 20 per cent by the end of the decade.

DSL Exhibitions has also tied up with Ideal Management Essentials (IME) to host the first ever Property Finance Seminar and Exhibition as part of the Worldwide Property Show. A combination of seminar and face to face meetings at the exhibition stand is available for clients to better comprehend the available financial offerings in the field of real estate India.

Jun
28

Delhi real estate is the hottest, newest of Indian cities

Delhi real estate is the hottest, newest of Indian cities that have seen rapid growth in the near past. In fact it would not be wrong to say that the town is still on its way to reach new heights Delhi Real Estate in India is getting dearer to investors with property rates getting higher and higher. It is one of the very few Indian cities that are more of a creation of private enterprises and planning rather than government regulation and planning.

Just few years back, Delhi real estate in India did not attract much attention of the investors at national and international level. It was in th recent past say 5 to 7 years back that not only the big real estate buliders but the other Indian companies have also diversified their protfollo and entered into the field of real estate and not targeted  Delhi real estate in India but brought a boom through out Indian as a result of which flls and foreign real estate builders  also made a bee line this field.

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