Real Estate In India|Property News

India Property is a Remunerative Business Creating Benchmark for Real Estate Developers

 

The fastest growth of real estate in India is totally dependent on the government policies in terms of making direct investment in Indian property and financial system. Featured builders, featured project, builders gallery and the marketing property intelligence are the pillars of the Indian real estate market. 

India property has been seen to become the fastest growing sectors in the country and is achieving its new heights. The fastest growth of real estate in India is totally dependent on the government policies in terms of making direct investment in Indian property and financial system. Certain report states that after the agriculture sector, Indian real estate market has become the second largest market player and is unexpectedly booming especially towards the household creations. But it is recommended that before getting introduced into the real estate, you need to have done proper research on the market as you find lots of certain pitfalls.

Featured builders, featured project, builders gallery and the marketing property intelligence are the pillars of the Indian real estate market.  It also features two main properties - Commercial and residential property.

It has been seen that the market graph of India real estate goes sometime high while it sometime steep down. But the real estate investment phenomenon is noted to be the lucrative business. So, overall real estate is a form of family which includes members like property dealers, professional constructor, communications development member, property dealer, purchaser, vendor etc. Home loan and commercial activities also plays important role in it.  The pricing level in the real estate property is an important criteria, because India property market’s success is wholly dependent on it. Beautiful township along with all the added features available at minimum price is the prime factor for the achievement of the property in real estate market.

Certain report of NCR region says that, by 2013, this region will have a total demand of nearly 10.2 lakh residential units, 249 lakh sq ft of office space and 66.6 lakh sq ft of retail spaces. With the highest demand in the residential, office and hospitality sectors, Gurgaon has topped the demand charts. Another important factor that has made Gurgaon the fastest sector in terms of property sale is  good connectivity and close proximity to Delhi and other major destinations. With the last one year shot up price by 25%, number of developers have been seen to influx in this region to launch new projects. Recently, well-established realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore launched their projects in Gurgaon. Under the new Gurgaon-Manesar Master Plan 2025, the availability of land for development and avenues has opened up for new growth corridors in terms of real estate India. The new master plan allocates 14,930 hectares of land for residential use; this is good enough for over 58 new sectors. Most of the new developments are taking place in these sectors.

Records for the property in India shows that nearly 35% of the proposed residential land is under the process of licensing. Golf Course Road, Sohna Road, Pataudi Road, Manesar, Jaipur Highway and a concentrated growth in Bhiwadi and Dharuhera are the major corridors where the growth has affected a lot. In and around the NH-8, the sectors of New Gurgaon like 37, 37 D, 80, 81, 82, 85, 86, 90, 92, 93, 95, and 99 are registering a vast response.

DLF, Unitech, MGF EMAAR, Chintels, Ansal, Orris, Antriksh, Assotech, Raheja Developers, CHD, etc are the major developers who have earned lots of fame in real estate market by launching number of properties. The ILD Group has come up with ILD Trade Centre on Sohna Road, which is a mixed product that caters to the needs of commercial-office as well as retail-shop buyers.

If you are looking for the flats for sale, then among the tier II cities, Pune stands the best, and has attracted large number of Indian as well as the foreign investors. According to Arvind Jain, Joint Managing Director of Pride Purple Group Baner, Aundh and Wakad are prominent places for investment, as it is strategically connected with three distinct locations like Hinjewadi, Pimpri Chinchwad- the industrial hub and the Peth areas.

According to Urban Land Institute, Bangalore has ranked as the 10th most favourable real estate investment destinations in Asia Pacific. Compared to other major cities, Bangalore has been known to have high growth and real estate development, because of the fully furnished flats available at a very reasonable rates. In 2011, There was no activity in the Bangalore commercial market with demand level of approx. 14.78 million sq ft. The major fluctuation levels has been seen in major areas like Whitefield and Electronic City, which has close proximity to the Outer Ring Road.

According to JLL’s data, residential property capital values in Bangalore have increased by 25% since the trough in mid-2009. Currently, the absorption of residential spaces in the city is skewed towards the Rs. 3000-7500 per sq.ft price band. According to Karun Varma, managing director (Bangalore & Kochi) JLL Bangalore has approximately 1100 super luxury home units with price-tagged at Rs. 5 crore in various stages of planning and construction.