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geogonig / unpublished news
Business: Chennai Emerging as Next IT Hub
Chennai real estate is undergoing a face lift with the entrance of IT/ITeS industry. The city is witnessing a gradual transition and is acquiring a new position. Chennai being targeted as a new conventional IT hub owing to availability of space and less Chennai property rates.discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: The Ups and Downs of Mumbai Properties
While rest of the country is up for a 20-25 per cent price fall, Mumbai will witness the fall in the range of 10-15 per cent, source Housing Development Infrastructure (HDIL). The property boom continuing for the past four years has lead to as much as 300 per cent appreciation in the Mumbai property prices, including the suburban areas of the city as well. But the current market correction is expected to result in prices falling to almost 25 per cent in some areas of Mumbai.discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: Bangalore Real Estate Focusing on Sustainable Development
Bangalore real estate is mushrooming with the property prices going up and down at the same time at different places within the city. Bangalore real estate builders are more concerned about the planned and strategic development of the city. The state government is also taking initiatives and deep thoughts as to how and where to expand further real estate in Bangalore. The development should happen in such a manner that it doesn't lead to further congestion in the city. Secondly should have proper social and physical infrastructure linked. And thirdly it should be connected to the CBD.discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: Real Estate Landscape in India
Real estate is a highly fragmented sector in India, with only a few organized players. Most real estate developers have only a local or regional presence and there is moderate participation from large corporations till now. The top players in the Indian real estate and construction industry are DLF, Unitech, Omaxe Hiranandani and Ansal group. Most of the real estate developers in India today are giving a lot of quality and value adds like swimming pool, health clubs, gardens in their projects. The only negative factor today is that there is limited ready stock with good developers. The demand from the information technology sector certainly has changed the urban landscape in India. The sector is the biggest driver for commercial properties in India, and residential properties in India are indirectly benefited of the economic activities created by the sector. In the residential properties segment in India, Gurgaon has clinched the status for a case study. Gurgaon, one of the national capital regions of India, which has seen a fundamental change in not just its skyline but also in its fundamental urban demographics. Gurgaon, a few years ago, was described as just a small town built on a cow pasture. But in the past seven and eight years, it has witnessed 20 malls with many more under construction and has a skyline of shining new office buildings and call centers. Gurgaon is considered a shopper's paradise and the malls are similar versions of their US counterparts: five story big bazaars which house almost every international brand like McDonalds, Levis, Nokia, Nike and Tommy Hilfiger along with multiplex cinemas, escalators and large parking lots. The arrival of call center industry, information technology houses and other such BPOs in India has led to an inflow of more than 9 lakh new jobs. Outsourcing business has changed the real face of commercial properties in India, but its greater impact has been the demographic shift characterized by rising disposable incomes and increased consumerism. Mumbai has always been the trendsetter in the indicative property prices of real estate India. Upcoming cities like Bangalore, Hyderabad, Gurgaon are seen fast catching up with this trend. But on the other hand it has been noted that there exists a tremendous shortfall of middle class housing and affordable housing in India. Majority of the developers are involved in developing high class housing, so there is a dearth of low cost affordable units. Rental value of the properties of most of the Tier I cities has gone up at a very fast pace. Individuals have started giving a serious thought about purchasing an apartment as the installment for home loans are almost equivalent to the amount they spend on paying the rent. Moreover, at the end of the day the individual has a sense of satisfaction that he has managed a fixed asset for himself. The boom in real estate sector, however, is restricted to areas such as commercial properties, retail and housing sectors. This growth can be attributed to various fundamental factors such as growing economy and growing business needs. For more details on India Real Estate, log on to magicbricks.comdiscuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: Goa Real Estate Fighting all Odds, but the Crime
Goa has lately been in news for all the wrong reasons but surprisingly its real estate industry managed to survive most of the impediments except for the crime.Notably, the international tourist destination still promises to be a profitable endeavor for real estate developers and investors alike, despite the local resistance and ban on SEZs. According to industry sources, the real estate values in Goa have registered an appreciation of almost 100% in the recent times.
Buying a property in Goa is not an easy task, especially, for the foreigners after the ban imposed on them by the government. But, the cost of purchasing property in Goa is the lowest in the country. The stamp duty rate and registration charges accounts for only 2%.
Plus investment in Goa properties promises enduring return on investments. It allows one to enjoy their vacation while making arrangements for the year round lease accommodation. Research analysis shows that, a property which cost Rs 55 lakh at the onset of construction churns around Rs 70 lakh after completion. A 10% comes in as a sure return, reveals researches.
But despite of the booming prospect of the Goa real estate the increasing crime rate is emerging as the biggest obstruction, which is restraining the investments and property transactions to happen.
Furthermore, on account of the increasing crime rate the hospitality industry of the city is suffering particularly. Goa Real Estate agent, S Mohanty, says, “The number of tourists visiting the city has decreased this time round. Moreover, it’s not only about the harm caused to the real estate market, but all these episodes having brought bad name to Goa and its natives.”
While real estate developers are coming up with their new projects every so often, they too are unsure about the gains from their Goa venture. With a number of impending cases of tourist assault the visitors are anxious of coming to India’s hottest tourist destination.
George Gonigal provides you the best and latest information on Bangalore Builders, If you want to Delhi Real Estate Agents, he suggests you log on to magicbricks.com
discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: Buying Residential Property in Kolkata
Although Kolkata property markets have always been identified as the end-user one, investor activities have started to gain ground in the city, of late. According to experts, it is DLF that has suddenly brought Kolkata in the attention of real estate investors. Winning the tender floated by Kolkata Municipal Development Authority, the company recently bought 4,900 acre of land in Kolkata outskirts, at a whopping cost of Rs 2,400 crore. As much as 3,900 acre of land will be developed, under the project, for residential purposes while the rest will be utilized for building commercial properties, sources inform. This development in the real estate sector of Kolkata has triggered secondary residential districts of New Alipur, Moulali, Shah Road, Prince Anwar, Sealdah and Kankurgachi. The capital values for residential properties have increased by 30-50% in these areas in the past couple of years while the rentals have shot up by an average of 15% between 2005 and 2008. All these locations are located within the radius of 10 kms of the central residential area that encompasses Ballygunje, Alipore and Hastings—areas where capital value of residential plots is as high as Rs 4,500 per sq ft. The capital values for a 3,000 sq ft apartment in Alipur are recorded between Rs 1.50 and 2 crore. Similarly, the average rentals in the aforesaid locations are from Rs 25,000 to Rs 60,000 per month. Now that buying property in Kolkata prime has become impossible, peripheral locations at the eastern side of the city have also come up as potential alternatives. Massive construction activities have been taking place at Eastern Metropolitan Bypass, Kasba, New Rajerghat Township and Topsia. Capital values for apartments are in the range of Rs 1,800 to Rs 2,400 per sq ft in these locations. According to property consultants, investors can expect a moderate hike of 5-15% on residential property capital value, in the next 12 months. For more details on Kolkata Real Estate, log on to magicbricks.comdiscuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: SEZs to Fulfill Office Space Demand in Hyderabad
With the combination of high quality IT infrastructure, excellent employable human resources, business friendly policies and a proactive government, Hyderabad is among the most preferred real estate destinations of India.discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
Business: Transport Corridor: a Blessing for Hyderabad Real Estate
In view of taking Hyderabad at a level at par with its global counterparts, the Andhra Pradesh government has chalked out a slew of infrastructure projects for the city.discuss | | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas
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