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Showing posts with label real estate india. Show all posts
Showing posts with label real estate india. Show all posts

Thursday, 11 August 2016

Startups Give A Much Needed Boost To Commercial Real Estate Hyderabad

According to a report India is the third largest startup destination across the globe. The start-ups have not only given youngsters a chance to live their dreams but these companies have also come as a huge relief to real estate India. The startup firms are proving a breather for commercial real estate India, as they have helped to clear huge commercial inventories in major cities of real estate India. Hyderabad real estate too has gained from the start-up phenomena. Infact many businesses wish to come to the city and start operations here.  Low cost of rentals is also making real estate Hyderabad a hub of startups as it is very easy to rent an office here.

Also low cost of living means that the talent can be acquired at a lower cost. The rentals as well as capital values of property Hyderabad are very low and people. In the city one can easily rent a good property Hyderabad at highly attractive prices. Startups initially cannot pay high salaries and high rental values and therefore they are choosing Hyderabad real estate as a destination to open their offices.  Setting up an office here can help startups to reduce their operational costs significantly. Even if a startup chooses to buy an office in the city the cost of purchasing a property Hyderabad is highly affordable when compared to other cities in real estate India.

In the last few years real estate Hyderabad has lost on many opportunities on which they could capitalize on. However the city has learnt from its mistakes and they are in no mood to repeat it. The real estate Hyderabad with its open hands is trying to attract startup firms to open offices here. The startup business on the other hand has given a much needed boost to the commercial real estate Hyderabad.

Wednesday, 3 August 2016

Builders Of Noida Flats Worried As Gurgaon Circle Rates Slashed

Real estate India is facing a slowdown and looking at the falling sales figures recent the civic authorities of Gurgaon slashed circle rates in all segments by 15%. This news bought cheers to many prospective home buyers but the builders of property in Noida are not happy with the situation. Already due to present situation in real estate India there is no demand for Noida flats what’s worse the authorities had recently also increased the stamp duty hike. Builders of property in Greater Noida are now worried that now more people will be interested to buy property in Gurgaon than in Noida.

Noida was always a safe destination for all those who could not afford to buy property in Delhi and Gurgaon. But over the years the city has became known for delay in possession over Noida flats. Builders of property in Noida and property in Greater Noida are also notoriously famous for flouting rules and making building before getting all the approvals. Many Noida flats have not got occupancy certificate as the real estate builders have flouted several rules. A property was also demolished for flouting the rules.

Things have worsened for builders of property in Noida and property in Greater Noida as the feel that now the buyers would be more prompted to buy property in Gurgaon. They too are hoping that the state government will also take some action owing to the slump faced by the real estate India. Although the property rates will certainly affect the sales of Noida flats. The builders of property in Noida and property in Greater Noida must understand a simple fact that over the years the customers have lost the faith in them and this is one of the major reasons why people are now not investing in the city.

Many big builders have also opening flouted rules and state government regulation. Some builders have not offered the amenities that it had promised others have delayed the possession timeline. Builders must understand that even though the circle rates of Gurgaon have been slashed but still the city’s properties are very expensive to buy people are currently not buying property in Noida and property in Greater Noida as they feel they will cheated or their money will get stuck. The builders of Noida flats should maintain transparency and they should not fool the customers eventually when the customers trust is restored they will come back in the market.

Thursday, 26 May 2016

Delay In Handing Over Noida Extension Flats For Sale Fumes Buyers

Buyers of Noida Extension flats for sale are fuming with anger as well known real estate developers are stalling construction of projects. Several projects offering flats in Noida Extension and flats in Noida Expressway have been delayed by upto 7 years. People want compensation but the builders of Noida Extension flats for sale are refusing to yield into the buyers demands citing one excuse or the other. It is not uncommon in real estate India that a project is delayed but what is happening in Noida Extension is unacceptable as thousands are waiting for possession of their apartments in Noida Extension.

What's surprising is the fact that the names of big developers like Amrapali and Gaursons is coming up in delay in possession. Some people who have been handed the possession of flats in Noida Extension and flats in Noida Expressway complain that there is no proper maintenance as a result several issues are cropping up in apartments in Noida Extension.

Several buyers of Noida Extension flats for sale have lodged protests and expressed dissent on Social media as well on streets.  The delay in handover of the apartments in Noida Extension has forced home buyers to launch protest against builders on streets as well as social media. As a result the Indian cricket team captain M S Dhoni has recently resigned as brand ambassador of Amrapali, as unhappy residents had asked the captain of the ream to disassociate himself from the erring brand and the builder.

People who have bought flats in Noida Extension and flats in Noida Expressway on EMI and are also paying rent for existing accommodation are the worst affected people.  Stringent rules in real estate India should be created so that builders given possession according to timeline. Builders in real estate India should be made accountable for delays in property possession delay.

Tuesday, 22 March 2016

Jaipur Real Estate Attracts Investors

Investing in real estate in Jaipur may be an extremely wise decision as the city is witnessing huge developments. Real estate India has many good areas to invest in and Jaipur is one such city. Jaipur real estate is one such location which promises long-term return even though real estate India is going through a rough patch. Property in Kalwar Road and property in Sanganer have given very attractive returns. Property in Kalwar Road and property in Sanganer have also managed to earn good rental income.  People who are looking to invest in Property in Kalwar Road and property in Sanganer can look towards impressive returns but they will have to wait for a time horizon for about 5-7 years.

Affordability is driving the real estate in Jaipur. The city is a developing economic base and many new companies and well-established MNCs are opening up their offices in the city. People can reap good benefits if they invest in the right place and the right time. Investing near industrial and commercial areas can fetch extremely handsome results. Rentals near these places are also going to touch the roof soon. Jaipur real estate is a great place to invest in as the place offers excellent infrastructure, good opportunities as well as healthy investment climate for commercial related activities, etc. The city already sees huge investor activity and it is unlikely that the status is going to change anytime soon.

Low prices of land also prompt developers to construct projects in real estate in Jaipur. Affordability proves to be catalyst for all property stakeholders in Jaipur real estate. Real estate in Jaipur can fetch extremely good results but only if you do proper research before investing in the city. A proper research is a must irrespective of whether you invest in Jaipur real estate or real estate India.

Thursday, 3 March 2016

Civic Authority Offers 5% Rebate On Property Tax For India Property Nagpur

Owners of property for sale in Nagpur were quite unhappy with the hike in the property tax rates. Property tax has been hiked and people are feeling the pinch as just a couple of months ago the ready recknor rates were also increased. People who own flats in Raj Nagar and flats in Vayusena Nagar are grappled with higher tax rate. Looking at this the civic authorities has come up with a proposal of rewarding the owners of India property Nagpur who are willing to pay the tax on time.

So now although property owners of property for sale in Nagpur will now have to pay more from their pockets, the civic authority has decided that it will give a small relief of 5% rebate on property tax to all the early birds. Earlier, the owners of India property Nagpur like owners of flats in Raj Nagar and flats in Vayusena Nagar used to get a 4% rebate on property tax if the owners paid their dues on time.

The chairman of standing committee Mr. Ramesh Shingare stated that taxpayers i.e. the owners of India property Nagpur will get 5 % rebate on general tax component of the property tax if the difference amount is paid by the owner of property for sale in Nagpur before March 31. The chairman stated that the reassessment of the new tax system is fairly easy and simple and citizens and owners of flats in Raj Nagar and flats in Vayusena Nagar will be able to access and re-calculate their new tax amount without any difficulty and therefore they are expected to pay without waiting for their demand notes. Property owners in real estate India are expected to pay property taxes to civic authorities. Most of the property owners in real estate India are offer some small rebate if they choose to pay their dues on time.
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Thursday, 16 July 2015

Real Estate India Properties

Makaan.com
Real Estate India
Real estate in India has been climbing up the growth ladder in the past few years. This is mainly due to sustained demand in real estate India, and to cater to this demand, more and more companies are showing inclination towards investment in this favourable market. Besides, the flexibility in FDI rules and the permission to NRIs/PIOs to invest in this sector more freely have also contributed towards this positive change.

Anybody who wishes to buy / sell / rent real estate property in India stands to gain from this attractive proposition. However, it is extremely important to invest in the right property. For this, proper analysis is important, which involves various aspects like location, finance and future cost estimation, among few others. This analysis not only requires time, but also in-depth knowledge of real estate in India as there are so many intricacies involved in the whole process. For this, many real estate websites are available; but an individual needs to ensure that he/she seeks assistance from an expert to make property investment a profitable venture. 

Makaan is one name that anybody can rely on without a second thought. It is one of the leading property websites that assists an individual in making a wise investment decision. This 'expert friend' helps in selecting the best residential as well as commercial property in major cities across India like Chennai property, including Delhi, Mumbai, Bangalore, Ahmedabad and many more. 

Anybody who plans to buy, rent or sell real estate property in India can log on to the Makaan website to crack the best deal. This website has an attractive layout and is quite easy to use. Depending upon choice, an individual can select the location, budget and preference in terms of property type to get a list of options. In case, there are no search results matching the criteria mentioned by an individual, then he/she can always 'post requirement', and once done, the website reverts with projects that meet his/her specific needs. Moreover, the projects mentioned on the website are associated with leading names in the real estate sector, which means that these are authentic and quality-driven. 

Hence, an individual only has to browse through the Makaan website to reap the benefits of the best real estate investment in India.

Friday, 3 April 2015

Look for Good Deals in Pune Real Estate

Pune Property at Makaan.com
This is a good time to buy a residential property in Pune as one can get good deals given the sluggishness in the real estate Pune market. However if one is looking to invest in Pune properties resale one should look to invest for a minimum period of 8 to 10 year for getting the maximum returns. Many people are looking to buy residential property in Pune specially in SEZ and the commercial areas. Property in Hadapsar is attracting a lot of customers owing to its strategic location. Apartments in Hadapsar also command a good rental income. The average rent earned by 2 BHK apartments in Hadapsar is around Rs. 15,000 per month. 

If one is looking to buy 1 BHK`s in real estate Pune one should primarily look at NH4 bypass stretch that extends from Talegaon to Sinhagad Road. The area comes in the budget of Rs. 20 lakhs to 35 lakhs. Further buying a residential property in Pune on locations such as Wagholi, Kharadi, Manjiri, Hadapsar, Keshavnagar,  Undri, Pisoli, etc are other good possibilities. Property in Hadapsar can fetch good returns as the area has a good potential. Pirangut which lies  towards the western real estate Pune is also an emerging micro market. It`s proximity to the IT hub of Hinjewadi is an added advantage to the location. One can very well find 1BHK apartments by reputed developers within the 25 lakh budget.

Aundh in Pune West is one of the most developed area. The prices in this area of Pune properties resale are in the range of Rs 8,000 to 9,000 per sq ft. There are very few investment opportunity in Aundh unless you are willing to look at Pune properties resale. Real estate Pune offers some great areas to invest one can look at past price trends to know which is the best area for investment.

Friday, 19 September 2014

SIT Reveals That Faulty Construction Caused The Collapse Of Moulivakkam Building

Property in Chennai
Real estates in Chennai was in for a shock when two buildings in Chennai had collapsed which caused the death of many innocent lives as well as loss of money and property. But investigation now reveals that the building in Moulivakkam, Chennai which collapsed on June 28 was not build according to the submitted plan. Reports indicate that structural engineers has removed crucial weight bearing  pillars in the basement of Chennai properties. These pillar which were supposed to support the Chennai property were removed in order to make a larger parking space for the residents. This means that the site engineers had deviated from the original plan that was submitted and approved by the City's civic authority Chennai Metropolitan Development Authority (CMDA).

Removing of the pillars has proved to be a big mistake as the India property Chennai collapsed and this sad incident resulted in injuring 27 people and the death of 61 people. To probe in the incident Tamil Nadu chief Minister Ms.J Jayalalithaa had announced an Special Investigation Team (SIT) to investigate the collapse of real estates Chennai. The SIT was working under supervision of S. George, Police Commissioner. The team also got expert advice from the Public Works Department(PWD), Anna University, IIT Madras. The team also conducted soil tests as well as inspection of construction materials. The investigation took a total of 50 days, and it came out with 10 key findings.
The team concluded that density of the concrete which was used for construction was unsatisfactory, steel samples were also of bad and substandard quality. The soil bearing capacity was deemed as inadequate and there was very low overall structural stability. The team also found that people who were enraged as engineers on the property sites were not qualified to do the job in real estates in Chennai.

Monday, 8 September 2014

Mumbai Property Bought For 175 Crore By BL Jatia Group

Real estate in Mumbai is abuzz with the news of sale old Razak Haven, a three-storey dilapidated building located at Nepean Sea Road in the posh south Mumbai area. It is believed that the building has been sold for approximately Rs 175 crore. The dilapidated real estate in Mumbai property has been bought by the well known Amit Jatia belonging to the Jatia family of the renowned B L Jatia Group. Amit Jatia, 47, manages 174 McDonald food chain spanning across 17 cities in the country. He has a net worth of Rs.5, 739 crore .

The Jatias are well-known fast food tycoons in India. The are the master franchise of McDonalds. In 1995 Mr. Amit Jatia had started a 50:50 partnership McDonalds and since then he has owned the McDonalds franchise in west and south India.

The residential property in Mumbai bought by the Jatia family, is said to be almost a hundred years old. The structure is positioned in the tiny Darabsha lane at the Nepean Sea Road. According to the insiders the real estate Mumbai deal was finalized last week. It is being estimated that the family has bought the real estate Mumbai property so that they can reside in it after the redevelopment work is completed.

Currently the Jatia family lives at Breach Candy, and it is being said that the family has been look to buy a larger Mumbai property. The century-old structure Razak Haven has housed numerous owners and a few tenants. This is not the first time that a family has bought an expensive Mumbai property not as as an investment, but for the purpose of residing in it. Earlier too several promient industrialist had bought bungalows so that se could redevelop it into a comfortable abode.  Mr. M P Aggarwal who is the chairman of Sajjan India had bought Glamis Villa last year. The bungalow at Breach Candy was bought for Rs 180 crore so that Aggrawal could refurbish it in a comfortable home.

Makaan.com is India's fastest growing real estate India site where one can search for real estate in Delhi NCR. On the property site one can search and sort apartments, floors, plots, bungalows, shops, and other commercial spaces for buying and renting purposes.

Wednesday, 20 August 2014

Damaging Property Might Lead You Into Trouble

Chandigarh Property
Chandigarh Property at Property
Causing damage to public or private Chandigarh property in the state of Punjab during a strike, rail or road blockade might invite punishment in the coming months. The state government is planning to come up with a bill that will allow the state to prosecute all the people who damage the Punjab state's public or private property. If one is caught damaging Punjab's public or private property including property Chandigarh he may face an imprisonment of up to one year alongwith a hefty fine.

Although the main opposition party Congress has accused the SAD-BJP coalition government of suppressing the voice and sentiments of the protesters, the current state government said that the new law is being introduced on lines of the honorable Supreme Court directions for protecting India Real Estate.

The new bill is called the Prevention of Damage to Public and Private Property Bill 2014. According to the bill any person found guilty of causing damage to public or non public property might be awarded a jail term that could extend till one year, the person may also be liable to pay a fine which might extend upto Rs 1 lakh.

The Bill also states that any person found guilty of causing damage to private and public properties including Chandigarh property by fire or any other explosive substance can be punished with a jail term not less than a year but which might extend to two years and could be liable to a pay fine of upto Rs 3 lakh.

According to the Bill, the said definition of damaging act includes strike, agitation, bandh, dharna, or demonstration, blocking of rail or road traffic by which may cause damage to any public or private property Chandigarh.

The bill also states that no court lesser to the court of Chief Judicial Magistrate can carry out the proceedings of the offense committed to damage India real estate under this Act.

Tuesday, 21 January 2014

Expatriates Overlook International Options to Invest on Gurgaon Property

Gurgaon Property at Makaan.com
All we get to heard about real estate in Gurgaon is the extortionate housing rates that go on swelling with every passing year. The escalation in prices may have broken the back of mid-segment buyers, but it has come as a windfall for filthily rich expatriates who are keen to invest properties in the city. If the recent news are to be believed, the high appreciation rates and the crumbling of rupee against dollar has  attracted these NRIs like bees to honey.

The craze for investment on Gurgaon properties is so high for these expatriates that they are overlooking other alluring options such as USA. Those who had purchased properties 7-10 back in lakhs can now sell them in crores: what more could an investor need? In international localities, the prices have devalued and these has made the investors lose interest in them. Gurgaon, as per current scenario, is more fruitful in terms of returns. The pace at which the city has grown in last decade has proved a boon for most long-term investors.

The realty market here is also attracting international business groups, who want to foray into the real estate here. Take for example, Staywell Hospitality Group, an Australia-based enterprise. Staywell has launched its ultra luxury leisure hotel in Sector 14. real estate Properties in Gurgaon in its vicinity shall be able to enjoy all what it is offering: gymnasium, banquet halls, swimming pools, and international cuisines. It would be group's second largest hospitality venture till now.

The city's living standard too has gone all the way up. Recently, CRISIL published a report on the scale of prosperity for Indian cites, and it was no surprise to know that city topped in the list. It has even left Mumbai behind in percent population that has all the basic gadgets, including computer or laptop. Such a population forms 27%,  a value far more than 15% of Mumbai.

Thursday, 3 October 2013

Prices of Mumbai Property are Expected to Correct in the Months to Come

Real Estate India
Whenever we talk of Mumbai property, the first thing that comes to our minds is the monstrous price. I had gone to Mumbai some 3 years back, and the first thing my landlord asked me was: Do you have a great salary? I was a little annoyed and thought how is this concern of his, as long as I am paying him his monthly rent. As I stayed there for about 2 years, I got to know why was he asking such a question. To thrive in a city like Mumbai, you really have to have a big pocket. And as far as property rates are concerned, they are immensely high. Before I landed this rental house, I had made an extensive search of the budget properties. What I got to know from all this was that even an unfurnished 2 BHK house (which they call 'bungalow'), you need to pay a pretty high rental. And if you don't have a good salary to back you, you shall end up living in shanties.

That was about my experience of real estate in the city. As per current scenario, the prices of inventories has reached such a skyrocketing level that the demand has dwindled over time. This year saw a 12% decline in the demand for Mumbai property. The result is all there to see: inventories, as old as 30 months are lying unsold, Despite all the alluring mechanisms adopted by the developers to call back their customers, the demand has failed to see any rise. The property bubble, just like in Delhi and Gurgaon, has swelled so much that it can burst anytime. But with this comes a positive streak of hope, the hope that the real estate prices shall get back to their correction.

If the correction happens, the demand would definitely scale up and the number of vacant inventories shall drop. We are about to see the same thing in other cities also, where the rates are extremely high.

Buy, rent, or sell Mumbai Property over India's leading property site, Makaan.com. Choose your preferred locality in the price-bracket that suits you the best.

Delhi Property: Largely under the Influence of Escalating Prices

Real Estate India
Want a property in Delhi? If that's so, where are the areas that you looking for your property? If it is South Delhi, then I must tell you that the rates in the localities have dropped amazingly by 20-25%. Whether it is Gulmohar Park, Greater Kailash, Vasant Kunj, or Defence Colony, the real estate prices have depreciated quiet well. So, if you want a dream of house of yours in this particular region, time is just ripe for that. Delhi property has seen some of the strong changes in recent months, thanks to the new policies  chalked out by the authorities.

Last month, the government came out with its new Land Farm Policy. According to it, it has proposed to built farm houses in 26 villages that were, hitherto, only thinly populated. The elite class saw this a good opportunity, as they can now get farmhouses in the same price-range that were supposed to invest on buying bungalows in South Delhi. With the announcement, the buyers who were eying Delhi property in South Delhi, shifted their focus to these villages, where the farm houses worth acres are to be constructed. This led to an appreciable drop in the capital rates. So, if you want a relatively cheaper house in southern localities, it is just the right time to make a buy.

Talking of the real estate in other parts of the city, there is no drop of capital rates. In fact, Delhi has stood second among all the cities in the world where rates have appreciated at the highest rate. Next only to Jaipur, the city witnessed a rise of 60% in property rates since 2011. The city has even left behind other cities like Sao Paulo, which has earned the status of the second fastest rising International property market.  If the trend continues, Delhi property shall soon see the burst of the real estate bubble that has been created intentionally by the developers.

Makaan.com, the leading real estate portal, allows you to buy, sell, or rent Delhi property. Make an intelligent search of all types pf properties, by using criteria like locality, price-range, age, and type of  property.

Should You Buy an India Property Now or Wait?

India Property at Makaan
Are you looking for a property in India? Or you have postponed your decision until the economy recoups itself? As I have been reading a lot about the current crisis that the real estate is facing, I would say, in either case, you can have a leverage in terms of prices. How? Let's see.

India property is under the umbra of ever-expanding bubbles. The prices, in most cities, have gone through the roof. In-spite of that, the developers are in no mood to retract and let the prices correct. An average buyer, who is already bearing the burnt of recession, cannot think of making a purchase of his dream house. The results are before us: the demand for properties has reached an all-time low. This is giving the developers sleepless nights. They are now resorting to means like discounts and freebies to the customers. You, as a buyer, can take advantage of the situation. You can negotiate better, as the time is ripe now. There are good chances that the builders would pare down a bit more than they would do under normal situation.

On the other hand, you can wait for the prices to correct. As the demand has dwindled, the developers of India property will have no other choice than to lessen the rates. And such a thing is highly expected. The bubbles shall burst and the prices will trace back to their original values. Under that scenario, the buyers would find a respite, who have till now, seen the prices only going up and up.

Once the India property overcomes the recession, and most expectedly it will be, the rates of commodities shall see a depreciation. And the buyers then, shall be able to think of investing into the real estate. As the property rates shall too dwindle, it will be a win-win situation for them. All these are only predictions, but they are expected to come true. Keep your fingers crossed...

Makaan.com, the leading real estate portal allows India property to buy, sell, or rent. The users can make an intelligent search, on the basis of criteria like locality, price, and type of property. Both the list and map-based searches are available to the users.

Thursday, 26 September 2013

Flats in Mumbai: Skyrocketing Prices and Dearth in Demand

Buying flats in Mumbai, these days, has remained the sole privilege for the very affluent class, especially in the areas like Andheri and Goregaon. Even an unfurnished, 650 ft., 1 BHK flat in these areas and the like ones, can cost you anywhere between 60 lacs and 1 crore!! So, even after spending this stupendous sum on a 1 BHK, and that too unfurnished, what are you getting? The property bubble in Mumbai has swelled too much that it can burst any time now. Even in areas alike Thane and Navi Mumbai that were supposed to offer the affordable housing to middle and lower-middle segments, are ranking high in terms of price rates. What could be the reason behind such a catastrophic rise in rates?

The inflation that hit the Indian market recently resulted in an appreciable increase in the cost of construction materials like sand, cement, steel etc. To compensate for their invested money on these, developers started raising the rates. But they were not fair in doing so: they let the prices get appreciated too much, so much so, that the Mumbai flats gained a considerable raise in terms of prices. The greed of developers and builders, along with their nexus with political authority gave them ample freedom to appreciate the prices too much.

Seeing the hefty rates, the demand for flats in Mumbai came to an all-time low. Even the middle and upper-middle income groups started wavering from their decision to buy. In spite of the fact that the demand dwindled, the developers did not lessened the rates. Instead, to bring back the customers, they came up with offers like freebies and small discounts. But this strategy of theirs has not brought any fruitful result. As long as the prices do not get corrected, it would be difficult to see the demand get any increase.

Makaan.com is a property portal that lets you buy, sell, or rent flats in Mumbai and other major cities of India. Search from a plethora of properties as listed by developers, builders and property owners.

Monday, 26 August 2013

Indian Real Estate Saga: Soaring Prices, Dwindling Demand

Real Estate Property at Makaan.com
Indian real estate is burgeoning nicely, from year to year, and from decade to decade. Though the extortionate prices and scams have diluted its stronghold to some extent, It is still going great guns. The demand may have seen a depreciation in  cities like Delhi/NCR, yet the call for properties is very much there in the scene. And why that shouldn't be? With the population boom, the demand for both residential and commercial spaces is bound to prevail. The upper-middle and the elite class have a predisposition towards luxury houses and plush villas. Thanks to the  cornucopia of wealth that they possess that the demand for extravagant housing never ceases to exist.

As far as the middle-class is concerned, the real estate scenario says a different story. The considerable appreciation of rates has staved them off from buying even 1 or 2 BHK flats. Go and hunt a 2 BHK in the localities of Delhi like Kalkalji, Rohini, Vasant Kunj, Malviya Nagar, Chankya Puri, Golf Links, Sirifort Road and you will rarely get one with price below 50 lakhs. In certain localities, you will find a 2 BHK flat costing you as high as one crore! Of course, this middle-class is unable to invest their savings on such a high-valued property, so they end up cheaper localities, much below their expectations and preferences.

Same is the case with the rest of the country. Hebbal in Bangalore has seen an appreciation of 58%,  highest among all the Indian cities. In Hinjewadi too, the prices have escalated by 50% in the first quarter of 2013. Dwarka Expressway in Gurgaon, Kalyan in Mumbai, Gachibowli in Bangalore say the same story. The developers have successfully created an artificial demand for soaring the prices, thereby denying the access of ordinary buyers to the fruits of property in India.

So, what our covetous developers are doing now? In order to save the dwindling demand, they have now resorted to providing exclusive offers and tying up with international brands. But that too would work well for the upper strata and not the middle-class buyers. There is dire need to break this property bubble and let the prices correct. Once the bubble bursts, real estate India shall touch new heights.

Search 1, 2, 3 BHK rooms, flats, apartments, villas, condominiums, office spaces, warehouses over Makaan.com, India's premiere real estate websites. The properties listed from leading builders, land owners, and agents are available for buying, selling, and hiring on rent.    

Wednesday, 3 July 2013

Real estate India a lucrative investment destination

Real estate is considered to be a lucrative investment option. The property investment market in India has recorded a growth signalling to be a good future. According to Cushman & Wakefield report International Investment Atlas, Indian real estate was among the top 20 real estate investment markets during 2012.

Many realty market experts view that buying a property in India is similar to buying gold and putting it in bank. Not only investors but even urban working class highly prefer to invest in real estate as they believe the investment would definitely give good returns. 

Compared to buying shares & stocks, many consider real estate to be a safer investment option. Moreover, buying a plot or house signifies financial security for a family. Many view it to be a wise and long-term investment with practical utility. But the fact property as a lucrative investment needs time to give good returns.

With the rising market of Real estate in India, investors are eyeing to invest in residential units and commercial development sites, leases and more. Smart investors and home buyers are browsing the realty sites trying to spot good deals across the country or in all major cities. The realty sites are indeed helpful in finding potential property with specific to location, budget, locality, space and other amenities. Home buyers or sellers even post their requirements on realty sites such as Makaan.com to find properties that perfectly match their requirements.

In India, it is seen the urban working class are more inclined towards making investment in emerging Tier-II and Tier-III cities such as Chandigarh, Pune, Bhiwadi and more. 

Reports say that huge investors or professional investors choose properties from Tier-I such as Bangalore, Hyderabad, Mumbai, Chennai, Delhi, Noida and more. However, a survey reports Mumbai realty market continues to be most unaffordable because of the city’s under construction units are priced at over the whopping amount of Rs 1 crore.

Indian real estate is attracting not only domestic investors but also NRIs who are looking for a safe investment option to invest their money or thinking of settling down a few years later. 

Though the prices of real estate in India are incessantly increasing because of the premium projects and new infra projects the absorption rate has hardly been affected. More and more developers are coming up with luxury residential projects which will only create a positive impact on the realty market of India.

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