Sunday, June 27, 2010
Wednesday, June 16, 2010
Property prices in India see a marginal drop of 2% in April 2010 says Makaan.com Property Index (MPI).
Realty sector in Hyderabad city of India's southern Andhra Pradesh state bounces back after the recent political crisis, as demand for residential and commercial properties grows.
The trend is growing evidently in Tier I and Tier II areas, as these are high-demand markets.
Hyderabad, is one of the ten districts of the Telangana region, affected by the agitation for a separate Telegana state.
Prices of the real estate sector have improved a lot with so many buyers coming in for the purchase.
"Market is improving as of now because of these developments happening in the Hyderabad areas like outer ring road area, Infosys campus and many other areas, so this is the right time to invest and to buy a customer," said Prabhakar, Sales Officer in Real Estate Company.
Some customers feel that Hyderabad city is the right place for investing money in the realty sector.
"NRIs, doctors and Information Technology (IT) people are coming forward for the investment and even some of the central government employees are also coming forward. As you know, now a days comparing with the facilities what we are giving on what rates we are giving, people are seeing benefits and on these bases they are coming forward for investments and showing interest," said Raj Kumar, Marketing Manager in Real Estate Company.
The realty sector is anticipated to grow at the rate of 30 percent annually over the next decade, which will attract foreign investment worth $30 billion, with a number of IT parks and residential townships being constructed across India.
The sector is one of the largest employers in the country, and has backward and forward linkages with about 250 industries, such as cement, brick, steel, building material and many more.
Thursday, June 3, 2010
Being heads and shoulders above the other countries, India has emerged as the 3rd most preferred real estate destinations. Real estate in India serves as an engine of the nation’s growth and presently it is one of the most lucrative grounds for investors who want to generate profit. The major boom in the real estate sector has been fueled by the industrial sector growth and liberalization policies of the government.
What has made India, the 3rd most popular real estate destination?
Budding economy: India’s growing emergence as a leader in the global economy is one of the major reasons of India becoming the 3rd most preferable real estate destinations. It has been found that the profit from construction especially IT sectors in India is 18% and 5% of India’s GDP is contributed by the housing sector. There is a demand for commercial real estate and the lease rentals have also been picking up. India has emerged as a fastest growing economy providing the best opportunity for capital appreciation.
Foreign investment: Investment made by the foreign investors in the townships, housing, construction projects etc. has enabled a high growth curve in the real estate sector. More than 18% foreign investors have shown interest in the real estate of India.
Market potential: As the 5th largest economy in the world, India offers high prospects for growth and earning potential. It offers unlimited opportunities for overseas trade.
Initiatives taken by the government: The initiatives taken by the government of India has offered a boost to the real estate sector making it the 3rd most preferred destinations. As a part of initiatives taken by the government, RBI (Reserve Bank of India) has declared concessional schemes for real estate sector. Steps have been taken to reduce the time taken for development of SEZ’s (special economic zones).
India’s real estate sector is extremely promising. An unhindered growth in the real estate sector for the next twenty years is expected. The above stated points clearly provide you with all the reasons that make India the 3rd most popular destinations among other emerging countries.
eal estate developers are the visionaries who have insight to look at an empty space and determine its future. They have the potential to turn this empty space into marvelous buildings. Their job is very challenging, as they work on big scale projects that includes building multiple units altogether. But, these days, even small companies have joined the bandwagon of the real estate developers, thereby, making it difficult for the customers to choose reliable real estate builder & developer.
The major functions of real estate developers:
• Assessment of a particular site or property for construction
• Developing buildings and spaces
• Remodeling or renovating the decaying pieces of properties
Selecting Real Estate Developers:
It is vital to conduct a thorough research of the real estate developer with whom you are going to work in future. You can follow the underneath mentioned steps while selecting a trustworthy real estate developer:
• Market reputation: Go through the background of the real estate developer and determine his reputation in the market. Don’t take any decision in haste as it can prove disadvantageous for you.
• Ask the previous buyers: The best and sure shot way to ensure that you are dealing with the right real estate developer is to ask for the experiences of those who have already availed the services of the same developer. They can let you know about their experience in dealing with the particular real estate developer. You can know about the various aspects related to the construction process like timeliness, quality, behavior, delay in completion of the project etc.
• Know about the projects undertaken by the real estate developer: Get the information about the projects already undertaken by the developer and try to know about his position. Make sure to personally visit the project’s location, which has been built by the real estate developer. When you visit the site of the project undertaken, carefully examine the features of the building like furnishing, carpeting, architecture etc.
• Analyze the price quoted: Try and scrutinize that whatever you are paying for is worth it.
Therefore, experience acts as a major determinant while choosing an efficient real estate developer. So, a customer should ensure the above mentioned points, before hiring a real estate developer for building spaces.
The realty market in India is flourishing these days. Not just the domestic real estate developers but also the investors from all across the world; especially the NRIs are attracted to this Indian real estate market. If this continues, it is then expected that very soon the realty market will overtake the other industrial sectors in terms of contribution to GDP growth.
Currently, the major constituents of the Indian housing industry are the affordable houses which target especially the low income groups and economically weaker class. In the field of medium and luxury housing, in next few years, it is expected to see a remarkable growth since this segment has huge prospects for further developments. The hiring of expat employees by the MNCs and then providing them with luxury housing benefits is one of the reasons for the development of this sector. Also, the demand for luxury housing by NRIs is acting as a catalyst in the growth of this sector in India.
RNCOS presented a report called “Indian Housing Sector Analysis” in which it gave exhaustive information and objective analysis about the growth of Indian housing industry. The current and past market performance, market structure and factors critical to the success of the Indian housing industry are also covered in this report.
Based on the relation between the past market growth and growth in base drivers, such as government support, long-term interest rates, disposable personal income, household size, contribution by housing finance industry, GDP growth, growing industrialization and competitive structure, a forecast is been made in this report about the Indian realty market.
India Real Estate Report Q3 2010 ; Of all the countries whose real estate sectors are reviewed , few are experiencing economic conditions quite as promising for real estate companies as India. We forecast that overall GDP growth will accelerate from 7.0% to 7.8% over the coming year. The increase will be driven by domestic demand. Lending by India's banks is increasing again. Massive investment in infrastructure will, or at least should, facilitate urban development. After a poor monsoon and harvest in 2009, the fortunes of India's rural sector should also improve this year.
Nevertheless, India's developers still face difficulties. Across the five cities where we interviewed incountry sources - Mumbai, Gurgaon, Chennai, Hyderabad and Bangalore - rentals slumped in 2009. In some cases this was because of the perceived risk of a recession in India (or, in the case of Bangalore, a real recession in the export markets served by businesses in that city). In other cases, contradictory government policies posed additional problems.