property in India

It’s a known fact that India Real Estate sector is booming and it has provided 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. 

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. 

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. 

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. For best and transparent deals in Indian real estate, please visit our website http://www.zameen-zaidad.com 

With regards,                                                                                                   

Johnsmith    

http://www.zameen-zaidad.com

The term “Real estate” refers to immovable property or real property such as a building or land. Commonly said real estate is the legal term provided to the immovable property. With the development of the real estate and the emergence of the private or public sector in the real estate, it has become a major area of business.  

Purchasing and selling a real estate property means high amount transaction and a significant investment; hence reliability, trust and faith plays a major role in this field. Depending upon the hour of the need the real estate business required specialization in fields like real estate marketing, appraisal or valuation service, brokerages, property management etc  

Within each field, a business may specialize in a particular type of real estate, such as residential real estate, commercial properties, or industrial property. In addition, almost all construction business effectively has a connection to real estate or commercial properties. Zameen-Zaidad.com is perfect place in all fields. You will find all services for real estate marketing, investment property, real estate for sale and commercial property for sale in
India.  

An important term used among the terminology of the real estate is the market value and price. The market value is similar to price of a commodity but has some difference too. The definition of market value it is that Market Value is an estimated amount at which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein both the parties have acted knowledgably, prudently, and without compulsion.  

Market value is the fluid concept, ever changing, while price is a historical fact at a time of transaction. A price obtained for a specific property under a specific transaction may or may not represent that property’s market value: special considerations may have been present, such as a family relationship between the buyer and seller, or else the transaction may have been part of a larger set of transactions in which the parties had engaged.  

Commercial property India is committed to providing exceptional commercial real estate services across all commercial property types and service lines. Whether you are looking to acquire, sell, lease, or develop commercial property, or your interest is in real estate agent, real estate marketing, real estate investment, real estate companies, rental property, real estate sales, commercial property for sale or whatever related to commercial property we have solution for your requirement.

     With regards,                                                                                                                                              Johnsmith                                                                                    

                                                                                   http://www.zameen-zaidad.com

Riding on its high quality of life, transportation infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside, according to a report by Ernst & Young. 

The report, which took into consideration 57 parameters before arriving at the conclusion, said between
Delhi and Greater Mumbai, the former takes the lead on city prosperity index due to its lower population and hence higher per capita income. The national capital also indicates greater propensity to save earnings and lower credit growth. 

The constancy firm’s findings were unveiled by Urban Development Minister Jaipal Reddy at the Ficci-organised International Real Estate
Summit here today. 

On the business environment index as well, Delhi out scored all other cities as it has a large workforce and more number of management graduates, people employed in trade and services and other business activity as compared Gov to most of the other major cities such as Mumbai, Chennai and Bangalore. 

However, on the urban governance index, Greater Mumbai top-scored, leaving
Delhi at the second spot. “Delhi has arguably the best infrastructure in
India. It has out­performed almost all cities on all the indicators that comprised the infrastructure index,” the report said lauding its road network and social infrastructure, including hospital and educational institutes. 

The Ernst and Young report places both
Delhi and Greater Mumbai in the same bracket when it comes to quality of life index. “They have a large supply of hotel rooms as well as huge and elaborate multi-modal public transport system. These cities have the best possible leisure activities available in the country,” the report said. 

The success of Navi Mumbai and proposed mega Special Economic Zones (SEZs) such as NMSEZ indicates that Mumbai’s status as the commercial capital of the country remains unchanged, it said. However, the city’s infrastructure has lagged far behind its economic growth, the report pointed out. 

“With several mega infrastrcuture projects such as Mumbai Urban Transport Project and Bandra-Worli Sea Link initiated, their implementation would determine Mumbai’s ability to compete with
Delhi in the near future,” it added. 

Source: The Free Press Journal

Israeli firm Mivtach Real Estate, a subsidiary of investment company Mivtach Shamir, will invest about $13 million out of the total $30 million in Chennai real estate to construct offices, hotels and commercial centers. 

Mivtach Shamir Holdings Ltd. is an Israel-based investment company. Mivtach Shamir invests in industry, technology, communications and real estate companies, including Tnuva, Tefron, Solbar and Gilat. Several weeks ago, the company completed a private offering of a series of non-negotiable bonds at
NIS 263.8 million (about $64.43 million) to institutional investors. 

The firm has purchased 275 acres of plot in the city and plans to build 24 million sq ft of office space, hotels and commercial centers on the site with Indian partners and will own 32 per cent shares in the project. Mr. Meir Shamir, Chairman and CEO of Mivtach Shamir, said the company “continued to tighten its hold of investments in Indian infrastructure and real estate”. 

Mivtach Shamir did not disclose how much the project would cost to build or what the expected sales proceeds are. This is not Mivtach Shamir’s first investment in
India. Two months ago the company announced that it would invest $15 million in the Tower Vision Company, which builds and operates cellular antennas in
India. 

It also announced that it would invest up to $25 million in the INMB Company, which plans and builds hotels in the business sector across
India. 

Source: Indiarealestateblog

The Union Government will set up a regulator to address builder-consumer complaints in Delhi in six months, the Union Urban Development Minister, Mr Jaipal Reddy, said here on Thursday. 

Addressing the inaugural session of an international real estate conference summit, organized by the Federation of Indian Chambers of Commerce and Industry, he said it would be a quasi-judicial authority and would be headed by an eminent personality. 

The regulator would take up complaints such as “cheating”. “Small consumers need protection and builders clear titles,” he said. “The regulator would be set up with the backing of a model legislation,” the minister said. 

‘

HOPE
STATES FOLLOW SUIT’ 

Issues such as land prices would be outside the purview of the regulator. The Union Government could only encourage State Governments to follow suit, as land was a State subject, with whatever modifications they so desired. 

‘WELCOME MOVE’ 

Reacting to the announcement, the Chairman of the Builders Association of India, Mumbai Centre, Mr Anand J. Gupta, said it was welcome move by the Government. What five per cent of the “black sheep” in the builder fraternity did had resulted in prejudice against the entire community. Mr Gupta said that despite payment of stamp duties and seeking a search report on earlier documentation of properties, there was no concrete assurance that the title was clear. 

Those among the builder group who followed fair practices said some of the common consumer complaints were registering of the same property in the names of two or more buyers, not delivering the promised built-up area and amenities, besides defaulting on refunds, and delaying delivery. 

Some even charged interest for belated payments while not following the same when it came to delays at their end. 

Source: The Hindu Business Line

Bangalore’s transformation, from being a pensioner’s paradise to a bustling metropolis, is thanks to the IT & ITES sectors. “The available talent and cosmopolitan culture of
Bangalore are a big draw for corporates. Per capita income in the city is on the increase and the average Bangalorean has a higher purchasing power today,” says J C Sharma, MD, Sobha Developers. 

Commercial: According to international property consultant DTZ, Bangalore, which is likely to figure in the top two cities globally in office space absorption this year, will witness an oversupply of 38%, where the supply is pegged at 18.3 million sq ft, while the absorption figures stand at 13.3 million sq ft. 

Out of 12 million sq ft of fresh office supply expected in 2007, only 0.5 million sq ft is estimated to be contributed by CBD and Off CBD areas, as per DTZ data. “CBD rentals have been on the rise, between 11 -13 %. This is owing to the fact that the CBD is among the preferred locations in the city,” says Hugh Hamilton, Director, DTZ.  

Despite
Bangalore’s infrastructure concerns, 6.6 million sq ft of grade A office space was added to in the first half of 2007, as per a Cushman & Wakefield (C&W) report. The S.E quadrant of the Outer RingRoad (ORR), between Marathalli and Sarjapur witnessed an overall absorption of 1.1 million sq ft during the first half of the year. An estimated total supply of 2.1 million is expected in this region in 2007. 

Residential: The city saw a 15-20% drop in primary sales across micro markets during the first six months of 2007, as per C&W data. This is attributed to high prices, steep home loan rates and the anticipation of a price correction amongst users. Further, there was no significant increase in prime residential prices during the first half.“
Bangalore has seen an increase in NRI-interest. This should herald an era of the steady growth in the coming months for
Bangalore’s residential market,” says Balakrishna Hedge, President, Karnataka Ownership Apartments Promoters Association (KOAPA).But the city is seeing an increase in villas and plotted development in the suburbs. To the North of the city Grade A projects offering villas are priced anywhere between Rs 1.2 crore on the lower end to over Rs 2.5 crore at the upper end. “In the South, Whitefield alone will see an oversupply situation in the coming months, with dose to 2 500 villas under development, ” said an industry analyst. 

Retail: Bangalore is set to witness completion of 15 malls totaling between 5.5-7 million sq ft by end 2008, as per a Jones Lang LaSalle Meghraj estimate. This apart, the city’s landmark retail project, the UB City Mall located in the central business district (CBD) will add 120,000 sq ft to the city’s retail stock by the fourth quarter FY ‘07.Average rental values in prime malls stood at Rs 150 per sq ft per month. “Rental values will continue to witness a northward trend owning to limited availability of professionally managed retails space,” Jones Lang LaSalle Meghraj local director (corporate solutions) Karun Varma said. Further, adding to the city’s magnetic appeal is the upcoming international airport at Devanahalli. 

According to Anurag Mathur, deputy managing director, Cushman & Wakefield, “most of the land between
Bangalore—

(NH -7) upto the upcoming airport has been transacted almost 18-24 months ago by prominent developers and the remainder is what is currently being put out to sale.” While the asking rate for an acre on the Devanahalli main road (NH7) ranges between 2.5 crore to 7 crore (in rare cases), deals seem to be dosing within Rs 4 crore per acre, according to industry sources.While few projects are being announced, the focus for now is on building land banks to be unlocked once the airport gets operational, according to real estate analysts. As per C&W data, the
North Bangalore quadrant is to receive 900,000 sq ft of grade A office space stock in 2007. An additional 800,000 sq ft of commerdal stock is under development and the same is expected to be delivered by end 2007 or early 2008. 

Source: The Economic Times

The blend of modern and traditional cultures, Pune was also a pensioner’s paradise for long. The city has expanded rapidly over the past few years and has become a preferred destination for several engineering, IT, BPO and software companies that have set up facilities there. 

Driven by this positive growth in the local economy, real estate in Pune is booming. A large community of the middle and upper middle class is opting to buy stylish apartments in townships that have everything from swimming pools, gyms, squash courts to recreation centres. Some of the more sought-after addresses today are Hinjewadi, Kharadi or Hadapsar. 

Seeing the potential of this manufacturing and growing IT hub of
India, Bangalore-based Sobha Developers Limited (SDL), this week announced the launch of its first residential project Sobha Carnation in Pune. Apart from its prime location, it has picturesque hills in the background. The project site is located in fully-developed NIBM Khondwa area serviced by a 24 mX 18 m wide road. 

The first phase of the project would be spread across 5.7 acres of land consisting of 116 luxurious three to four bedroom high-rise apartments and few duplex apartments and penthouses. A 17-acre, sprawling Sobha Carnation will have a range of world-class facilities translating into global living standards. 

Located on the south-east, the project cost is estimated to be approximately Rs 120 crore and Sobha aims to complete this project by December 2009. 

Speaking at the public launch later, Ravi Menon, vice chairman, Sobha group said, “Tier II cities offer tremendous potential for real state development. We aim to capitalise on this huge opportunity by offering the best of facilities to the consumers. Sobha Carnation is our effort to fulfill the aspirations of the people of Pune, known for its esteemed colleges, educational institutes and technological infrastructure”. 

With prices starting at approximately Rs 3,500 per sq ft, the township is targeted at the upper-end consumer. “Being a virgin territory with a huge land base, Pune is the right choice for developers today. 

Further, with a huge demand-supply gap in this city coupled with the fact that real estate rates in the city have not seen a downslide as is the case with the other cities, Pune continues to be an attractive option for developers and consumers alike,” says S Baaskaran, regional director, Sobha Developers. 

Some of the project highlights are: 

• A total area covering 17 acres with dedicated green cover.• Development in phase I will be spread across 5.7 acres of land consisting of four penthouses with state-of-art architecture, 16 four-bedroom duplex houses, high-rise residential blocks with sprawling 64 three-bed room / 32 four-bed room apartments measuring from 2,220 sq ft to 3,935 sq ft.• State-of-art clubhouse measuring 1,000 sq mt offering gymnasium with steam, sauna and Jacuzzi, Multipurpose party hall, Table Tennis room,
Reading, card and carom room, Creche.• Other amenities include swimming pool, amphitheatre, tennis court, children’s play area, jogging track and CCTV for security. 

Source: The Financial Express

Paras Buildtech, a unit of Para Build-Call Pvt. Ltd. has won the “Best Project Commercial” for

at Zirakpur,
Punjab. This honor was awarded at India Property Awards 2007 after carefully taking into consideration numerous other properties from some of
India’s top builders by an eminent panel of judges.Located at Zirakpur on the Y Fork of Delhi-Chandigarh-Shimla, 3,50,000 Sq. Ft. of high magnitude & quality Shopping extravaganza at

is the biggest mall of the region. It is a complete synchronization of design, luxury and quality.Attached to the mall will be a well-designed Business Hotel catering to the new world business travelers. The region is buzzing with corporate activity and therefore the hotel has been designed keeping their convenience and exclusivity in mind. Conceived as a world-class shopping mall

has majestic atrium with translucent ceiling, which will be the center point for shoppers giving a true international feel. 

The mall boasts of many firsts in the region like- 4 Screen Multiplex by Adlabs, Anchor Store by Pantaloons and Hypermarket by Big Bazaar. Food Court & Children’s entertainment center, spread over an area of more than 23,000 Sq. Ft makes

an unrivalled leisure destination. 

Elated on receiving the award, Mr. Rajinder Takhar, COO said, “Paras Buildtech – a unit of Para Build-Call Pvt. Ltd. is the name that is associated with quality and reliability and this award is a testimony of our work and dedicated team who has worked heard to create landmark projects like

.”“This mall will house well known brands in Fashion, Lifestyle, F&B and Entertainment, hence providing a world-class platform to all the retailers. Also, due to the sheer design of having a hotel along side the mall will provide it the status of a ‘Regional Mall’. Downtown Square will target clients from Delhi, Himachal Pradesh, Haryana, Punjab and
Chandigarh”, he added. 

Equipped with intelligent Air conditioning system, high-speed escalators & elevators, ample parking in two level basements,

benchmarks luxury and exclusivity. 

Designed with a thrust on aesthetics & functionality,

“The Mall That Has It All”. 

Paras Buildtech – a unit of Para Build-Call Pvt. Ltd.“Quality is an obsession with all of us. What binds us together is the sheer Commitment to hard work.”Paras Buildtech is a progressive, future-focused, real estate company that is at the cutting edge of its industry. Its high levels of integrity and dedication have made the company one of the most respected real estate developers in a short span of time.It has an enviable reputation in conceiving and executing large sophisticated real estate projects in both commercial and corporate segments, bringing together the unmatched experience & expertise of
India’s most reputed business conglomerates. 

From concept to completion, Paras Buildtech is into prime real estate development and property management, coordinating a full spectrum of services including site acquisition, design and development, construction, marketing and sales. Paras Buildtech, today, is the name that is associated with quality and reliability and deals in retail, real estate commercial and residential projects. 

Source: businesswireindia

With a growth rate of 30 per cent and projected figures of 90 billion US dollars, by 2015, it can be safely said that the real estate sector in
India is booming. India is being acknowledged as the one of the fastest growing economies in the world and in this current economic scenario, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. And this high growth curve in the real estate sector owes some credit to a booming economy and liberalised Foreign Direct Investments (FDI) regime in the real estate sector. In March 2005 the government of
India amended existing norms to allow 100 per cent FDI in the construction business. This liberalisation act cleared the path for foreign investment, to meet the demand of development of the commercial and residential real estate sectors. As per the new rules, the minimum land area for development by foreign investors was lowered from the earlier floor of 100 acres to 25 acres. Also, the economy continues to grow rapidly, hitting 9.3 per cent in the first quarter of 2007, following the 9.4 per cent growth recorded for the whole of last year. Then there’s the rapidly expanding service sector, FDI growth, a surge in exports, rising global competitiveness and increasing domestic demand, all contributing to a strong economy. This pace of economic growth shows no signs of slowing. With forecasts of economic growth rates of at least six to seven per cent per year,
India is expected to become the world’s third largest economy (measured in purchasing power parity) by 2010. With the fundamentals of the Indian, economy apparently sound, and prospects for continued growth very good, the real estate industry can only flourish. One of the main propellers of this growth is also the rapid urbanisation of Indian cities. The Indian government has estimated a shortfall of 20 million accommodation units. This quantum of demand, coupled with a short supply, ensures that there’s a great requirement for residential realty. This in turn translates into great opportunities for real estate companies providing quality township projects. It is also estimated that
India will need 475 billion dollars in the next five years to upgrade its infrastructure. This level of investment opportunity hasn’t gone unnoticed by global investors and has drawn the heavy weight investors to
India. Sunil Gomes, director of development real estate, Istithmar, shares how
India maybe a high risk market for some but it’s also a high return one. But the real story lies in the deeper changes within Indian society, that are expected to have an even greater impact on real estate.
India has a young profile today. Half of its population is under 25 years and the country’s median age is 24 years (2005);compared to 33 in China and 43 in
Japan. The country is urbanising at a rapid rate of 2.5 per cent per year.The number of cities over one million is expected to double from 35 in 2001 to 70 cities by 2025. Mumbai and
Delhi is projected to be the world’s second and third largest cities by 2015. Tier 2 cities like Pune,
Hyderabad and Chennai are becoming increasingly important in this scenario. However, Tier 3 cities like Mysore, Mangalore,
Kochi still lack liquidity.
India’s large population is now being viewed as one of its key strengths, especially a young and urbanising population. More importantly, this young customer base has an evergrowing demand for products and services and is providing massive labour market opportunities as well. This new brand of consumer’s rising disposable incomes is also being generated towards lifestyle products, real estate included. The trend towards urbanisation is part of a long-term structural change in the Indian economy. Where now, less than 30 per cent of the population live in cities, that figure is expected to double by 2030. While India is still considered under performed as compared to China, as far as investments are concerned, it’s also interesting to note that unlike in China, higher FDI inflows are the effect, and not the cause, of high growth rate in
India. The obvious inference is that while policy, institutions, incentives and regulations do matter, it is the perception about investment viability that is the most significant determinant of FDI.
India, attempted development of infrastructure, simplification of procedures and a gradual change of mindset, which has led to its increased attractiveness to investors. The Indian real estate market is expected to have access to about $10 billion (Rs 41,000 crore) in private equity (PE) funds this year, which should help cash-strapped developers overcome conservative lending by banks, stricter rules for placements before share offers and tougher guidelines for overseas borrowings. All this activity has also encouraged several large financial firms and private equity funds to launch exclusive funds, targeting the Indian real estate sector. Besides increasing professionalism in the sector, it would bring in advanced technology and help in the creation of healthy and competitive market environment for both, domestic and foreign investors. Also, the entry of Real Estate Mutual Funds (REMFs) or Real Estate Investment Trusts (REITs) will definitely ensure more availability of funds to the developers and faster growth of real estate sector, according to industry experts. Source: The Economic Times

 
India has been ranked as the 16th most expensive retail ‘high street destination’ in the world by a latest report. According to the report ‘Main Streets Across the World (MSATW) 2007′ by real estate consultants firm Cushman & Wakefield, Khan Market in New Delhi is the most expensive retail destination in the country with rentals of Rs 950 per sq ft per month in the second quarter. It witnessed an annual growth of 35.7 per cent over the same period last year. “Khan Market is the biggest riser in the ranking of the world’s most expensive shopping locations in terms of retail rents, moving up eight places from last years 24th position,” the report said. New York’s

retained its title as the world’s most expensive shopping destination followed by Hong Kong’s
Causeway
Bay and Avenue des Champs Elysees in
Paris.  “Retail is going through a revolution in
India, although a part of the increase in rents is due to lack of high-quality space in the right location,” Cushman & Wakefield India national head (retail) Rajneesh Mahajan said. The report said
India also figured among the world’s top 10 locations that witnessed highest rental increase in local currency terms.  Connaught Placein Delhi is the highest gainer in Asia and second only to
Chicago’s East Oak Streetacross the world, with an annual growth of 87.5 per cent.  Kemp’s Corner in Mumbai has also witnessed high rental growth of 78.2 per cent, making it the fourth highest riser of rental growth. Greater Kailash in Delhi and Fort/Fountain and Colaba in Mumbai were also among the highest rent rises recorded with increase of 57.1 per cent, 55.2 per cent and 51.1 per cent respectively. In the period, the rental in the Connaught Placewas Rs 750 per sq ft a month, while the same for Kemps Corner was Rs 490 per sq ft per month, the report added.  Source: http://inhome.rediff.com