India Property Market

Five Reasons to Invest in the Indian Property Market

Sagar — Sun, 04 Jul 2010 12:42:00 +0000

The growth that the Indian property market has seen in the past ten years is something to be talked about. Relaxation of government rules, lower interest rates, foreign direct investment and the entry of new mega builders and corporates has virtually changed the face of real estate in India. Today, when you invest in an Indian property, you get more than what you expect.

Take the case of residential properties. When you invest in one, you get the latest amenities, schools for your kids, movie halls, malls and many other state-of-the-at facilities and good security cover for your safety. What’s more, even if you plan to purchase anything in the Indian property market as a pure investment, you still stand to benefit as the real estate rates are almost always appreciating.

Here are some more reasons for you to invest in the ever growing Indian property market:

The significance of the commercial and residential spaces is growing steadily in the Indian property market today. Gone are the days when Indian preferred the landlord system of living. Today, everyone wants their own home or office.
Despite this double-digit growth, the Indian market is still not a mainstream market for investors. It is rather a market of consistence offering something new every time you look around. Therefore the prices of real estate are pretty reasonable and do not fluctuate a lot.
The huge population of India only tends to expand the Indian property market. This makes space for more and more direct or indirect investments.
The builders and redevelopers of India wisely select strategic locations and make it worthwhile to invest. Even if the real estate rates fall, they are bound to bounce back sooner rather than later.
There are a lot of affordable options available in the Indian property market every time you look around.

The Progress of the Indian Property Market

Sagar — Thu, 01 Jul 2010 12:42:00 +0000

Being ranked as the one of the top three fastest growing areas of the Indian economy, the Indian property market sees new heights almost every day. Though this growth is seen as demand driven by many, government policies and Foreign Direct Investment also play major roles in this growth. Without the money coming in from foreign institutions and the generous policies of the Indian government which led to the recent boom in real estate, the Indian property market would still be in shambles.

This boom in the real estate market has started only recently, in the last ten years. This is mainly due to the growth in demand for both commercial as well as residential properties. This is mainly because of the nature of the Indian property market. It is almost wholly controlled by the end customers. Many reputed builders like the Lodha group, the Raheja Group and others invested in providing the best in class properties with every amenity that the human mind would desire.

Another reason for this tremendous growth is the change in real estate policy and the interest rate reductions which were brought about by the NDA government in the year 2001. When the government cut down the interest rates to a then phenomenal figure of 7.5%, the market literally went into overdrive. Demand saw an increase and so did supply. Many people thought of buying homes for themselves as well as an investment option. Housing redevelopment schemes which were initiated by many builders was seen leading the sudden surge in the Indian Property Market.

Today, even the government invests in creating better real estate. With a growing number of slum rehabilitation schemes, the market is set to see double digit growth for at least the next twenty five years. Every few years the government announces new properties for sale through housing boards. And this adds to the investment prospects of the Indian property market.

Urban & Semi-Urban Indian Property Market

Sagar — Thu, 01 Jul 2010 12:38:00 +0000

The numbers of options for investing in the Indian property market are virtually countless today. Everywhere in the country, be it metros, two tier towns or three tier towns, real estate is one sector that’s booming everywhere. As per current estimates, the Indian property market will grow at a steady speed of thirty percent per annum. This growth will be more due to the residential properties as compared to commercial estates. Also, one important factor over here is that the commercial high rises will rake in more money than the residential entities as the demand for commercial properties is rising faster than the residential ones. The Indian property market today boasts of a very wide range of products and has something for every income group and every utility, irrespective of whether it is commercial or residential.

Today, as the prices in metropolitan cities have sky-rocketed, many people have started investing smaller towns which are seeing a sudden surge in commercial properties and even shopping malls and residential entities. Towns such as Mohali, Chandigarh, Ahmedabad Surat, Hoogli etc are witnessing large scale developments in each and every sector of the real estate development.

Speaking of metros and satellite townships, though high end properties like NCR in Delhi, Lavassa and Sahara’s Amby Valley in Maharashtra have dominated the scene, it is only fair to give some attention to the development happening within the cities. Mumbai’s suburbs have seen more malls develop in the last five years than the entire country has seen in fifteen. So has Greater Noida in Delhi. Hyderabad’s High-Tech City is an infrastructural marvel as is Bangalore’s Silicon Valley.

All in all, investing in the Indian property market is one of the safest bets today. Even when the economic recession had struck the entire world and almost shattered the real estate markets in many developed nations the Indian market was still going strong.

An Overview of the Indian Property Market

Sagar — Thu, 01 Jul 2010 11:03:00 +0000

The Indian property market has been one that is looked up to by many institutions. Someone has rightly said, “The affordable pricing of homes and commercial real estate, makes the Indian property market a very viable option to invest in.” here are some more details about the real estate in India.

The real estate market is known to provide the best faciliaties and amenities to everyone who invests here. Also, thanks to the steady rise in the Indian property market, making good money is easy in the Indian property market. Though the market has seen major fluctuations and downfalls, especially during the recent global recession, it still remains a sought after investment option for many.

As of today, the growth of the Indian property market has slowed down due to stagnant conditions it will continue to grow at the present rate for quite some time now. New projects are constantly being undertaken by big as well as small builders. And another interesting factor is that new individual as well as institutional investors are making entries into the market every day. Many foreign investors look at the Indian property market as an emerging sector and have shown a very keen interest in the same.

The recent slum redevelopment program undertaken by the central as well as the various state governments is said to give a boost to the market. For instance, the Maharashtra government is planning to redevelop the entire Dharavi slum which is known to be the biggest slum in Asia, and make it into a sprawling estate complete with all the latest facilities, malls and movie halls for its current residents as well as new entrants who chose to stay there. If this project is successful, there is expected be a bigger boom in the Indian property market which will overshadow the last one.

Investment Property In India

Sagar — Thu, 11 Feb 2010 10:55:46 +0000

Not every piece of land is meant is meant for construction of a house, or a shop, or any other structure, for that matter. Not every bungalow or house is meant to be lived in. There is one range of property that is purely purchased or invested into for future benefits.

The trend of property investment seems to be increasing, as according to the experts for at least the next twenty years, the country will continue to experience appreciaition, with maybe a few corrective phases of an on when prices maybe on a downslide. Otherwise its all on an upward swing.
In fact, cities and towns like Pune, Nagpur, Lucknow, amongst numerous others are seeing a well-paced and positive property trend. An increasing number of people are opting for purchasing property in the developing cities, where there is large scale construction happening, as corporate and IT companies set their base there.

However, whether one lives or uses the property, every purchase is an investment. After all it is a fixed asset that would give you returns in case you ever need to sell it. Just like gold, property is also a wise investment; and any kind of property is not a waste. If used properly, it will give far more than your expenditure on it.

For example, in Lucknow, plotting is a flourishing business. If one buys a plot, then he has two options. Either to build a house or sell it after some time. Selling the plot can give the buyer up to 150% of the initial cost. Building a magnificent house is not too bad an idea. However, according to the experts, the value of a house tends to depreciate with time, while the price of plots keep touching new heights.

On the other hand in Mumbai, the rate of flats increase everyday. One flat in Mumbai is worth land of triple area space in Lucknow, or other small cities. Since there are no plots available in Mumbai flats are the only option. And no flat, in any condition, gives a loss to the seller.
To put it short and straight, investment in property in India is never a bad idea. With the rates going up and more and more people buying property, the future is visible, like never before.

Property in India

Sagar — Wed, 10 Feb 2010 10:52:03 +0000

India Properties

India has around 32,87,590 sq. kilometer of land. Its population is around 1.1 billion, covering around one sixth of the population of the world. Now going by these statistics, every man cannot own property of his own. So, it is but obvious that that the property in India is unevenly distributed.
Some people have acres of land, while some don’t even have place to sleep. Some have numerous flats in one city, while some don’t have a foot of land to call their own in the whole country. With such a trend, the importance of property and its role in the society is heightened.

People have mainly two kinds of property in India: First is what they have inherited from their ancestors, while the other is what they buy themselves from their own income. They value the latter more than the former. However, at some places a vice versa situation can also be seen, especially in northern India.

Property can be anything from a piece of land to a bungalow to a small row house to a flat. It can be residential or it can be commercial like shops, showrooms, etc. Each of them has its set of regulations set by the government, and has to be adhered to.

There is urban land in the form of plots or Government built row houses of various standard sizes or flats; and there is rural land comprising of cultivable land like farms and gardens. The Government has been buying land from the rural area and converting it to urban zones by building roads, plots, houses, shops, etc.

The rates of property are extremely high in the urban areas, especially the big cities. The smaller the city, the lower the rate. In cities like Delhi, Mumbai, Kolkata, Chennai, Bangalore, Ahmedabad record the highest rates, due to shortage of land. Cities like Lucknow, Bhopal, Pune are the newly developing cities where the property business is flourishing.

Real Estate Brokers

Sagar — Tue, 09 Feb 2010 10:51:58 +0000

With increasing importance on how to strike a right deal and avail the best in property. Property buyers seek the help of a broker. He is one who has in-depth knowledge of the property in his vicinity. Not only does he know the basis but also the laws on the property, tax criteria and other utilities that will benefit his client.

A broker is the focal point of sellers, buyers, agents and brokerage. Agent is one who provides his service to a licensed broker and is paid according to his input.

A broker is expected to foresee his clients need. For instance if the client is asking for a 2-bedroom flat then the broker should understand if he is actually looking out for a 3 bedroom as the concept of work from home is getting popular. Or if the budget can find the client a 3 bedroom with smaller area. Either way the client should be satisfied. The broker should also realize that if the buyer were a young couple, then a school or playschool, in the vicinity would be preferable.

These are the genuine brokers unlike a few that only enter to introduce the buyer and the seller then disappear only to return for the brokerage when the deal is made final. Normally 2% is the charge on a total amount that is to be paid as brokerage. If it is on lease then a 2-month rental amount is agreed as brokerage. However it can differ with the length of stay.

Anyone and everyone can become a real estate broker. This makes the sector extremely disorganized. But increasing importance on real estate has led to organizing the sector. However with the Estate Agents Associations of India organizing themselves a slow change is now noticeable. Also the anointing of multi-national brokery companies has brought more organization in this sector.

Traditionally retired individuals were known to enter this field due to flexible working time. But as the sector has gotten organized more and more professionalism is demanded making it critical for any person to enter anytime.

Property Consultancy Services India

Sagar — Mon, 08 Feb 2010 10:56:07 +0000

Property consultancy India

Not able to decide which property to opt for? Confused? Not able to find a person who can give expert advice on property? Well such problems are easily solved, thanks to the professionalism that has entered the property industry.

Consultancy in real estate services consists of people who have experience in all property related matters; the knowledge about the legalities, price fluctuations, buying-selling options, etc. They offer expert advice on matters of residential and commercial properties, as well as investments in the plots of land. Most of them regularly upgrade their knowledge on every piece of information about the statistics and other developments in their industry.

They can be consulted before buying or selling property. They are able to give tips about the price trends and probable development expectations. They charge fees for their services, which is generally a small percentage of the value of the property.

However, the consultancy fees can be rather high depending upon the name and status of the consultancy service and its location. The bigger the consultant firm, the better advice it provides.

They provide more services than just consultancy. Some have an inbuilt estate agency. Such services can be a solution to all issues. One may be able to find everything from good property deals to expert advice under one roof.

One still needs to be careful while choosing the consultancy service for advice and following that advice. If not careful, then some consultancy services can take the customer for a ride. One should know that not every piece of advice is meant to be followed.

Property consultancy India is an industry growing in developing areas where more and more people are dealing with property. In fact, today, the consultants are also called ‘property pundits’ in India, because it is only with their expert guidance that one can rest assured that they are on the right track.

Real Estate Listings

Sagar — Mon, 08 Feb 2010 10:50:14 +0000

Obtaining real estate listings is quite a task. Real estate agents spend hours and are known to sit late evenings obtaining listings. They collect date from the internet, newspapers, magazines and any other source that can provide them with any information. They tabulate the data and store it in their computer to reproduce whenever they need to display it to the client.

They even collect data on the last sold price of an area and the current price. This gives them a fair idea of the competitive price the area is worth. Merely obtaining listing is not sufficient. One has to know which listing will interest the client and suit his budget.

Sometimes the listing available with the realtor is not sufficient. He then has to network with the other realtors to give his client a better variety and narrow down on one property. This networking is time consuming and replying to the deluge of questionnaires that arise from this is another painstaking task.

To simplify the listing process a few software modules have been prepared. The first is based on geographical designs. Where the clients can zoom in and out of the property map revealing the geographic locations of the property. Another module displays the search for nearby facilities like schools, colleges, clinics, hospitals, banks and more. New modules that display locations according to client’s budget and area required have also been created.

These are a few of the many modules that help real estate agents in their critical task of listing. New websites are created that let clients check the listings remaining anonymous. Making them sign-up only if they need any details. This helps estate agents to build a wider profile for prospective customers.

Thus with new-age technology the listing burden has reduced substantially but it is not totally subtracted. Modern technology has enabled listing to provide prospective buyers to view maps of the property, its vicinity, amenities, cultural background and many more details.

List of Property Developers in India

Sagar — Sun, 07 Feb 2010 10:56:10 +0000

property developers in India

Green Field Real Estate: #35/IA, Airport- Whitefield road, Marathali, Bangalore. Tel: +91-80-28524301

Jain Estates: A-21, 2nd Floor, Green Park Main, Aurobindo Marg, New Delhi. Tel: 91-011-41444000

Shubh Laabh Pvt. Ltd.: 202, II Floor, Krishna Apra’s Alpha Plaza, Greater Noida. Tel: 91-0120-9811044894

Chesterton Meghraj Property Consultants: No. 5, 8th Floor, Jhaver Plaza Building, 1-A, Nungambakkam High Road, Chennai. Tel: 91-44-28311562

Sharan Builders and Developers: 112 – 113, Mittal Tower, `B’ Wing, 11th Floor, Nariman Point, Mumbai. Tel: 91-22-22041172

C Lal Property Consultants: Lal Chowk, Govindpuri, New Delhi. Tel: 91-11-26445656

S I Property Development: No.-76, Velachery Road, Guindy, Chennai. Tel: 91-44-22300790

Property Solutions: Manikjiwadia Building, 1st floor, 127 – M.G. Road, Manik Motwani Marg, Fort, Mumbai. Tel: 91-22-22633188

Behl and Sons: K1 / 135, Near Nehru Apartments, Main Road, Chittaranjan Park, New Delhi. Tel: 91-11-26446481, 26448550

Royale Builders and Developers: No:-4406, High Point 4, 45, Palace Road, Bangalore. Tel: 91-80-22262063