NCR

Where to buy Real Estate? Query Corner

Where to buy real estate?

Published on Fri, Apr 29, 2011 at 13:00 |  Source : Moneycontrol.com

Updated at Fri, Apr 29, 2011 at 22:47  

With prices and interest rates always on a high, real estate has been a hot topic since over a year now. However, when necessity dawns and buying is inevitable, the next big question that lingers on your mind is "Where should I buy?" Moneycontrol.com offers you experts' advice on this and many other queries.

Below is a verbatim transcript of Knight Frank India's national director of residential agency Anand Narayanan's exclusive interaction with moneycontrol.com users.

Q: Hi, I want to buy a plot on Gurgaon Dwarka Expressway at Rs 40000 per yard. What do you think would be the return after five years?

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Property on 12% Assured Rentals- Know your risks

The Risk of Assured Rentals

Sanjeev Menon

 

Obtaining loans for their commercial and residential projects has never been an easy task for smaller developers. And now, as a fallout of the ‘bribes-for-loans’ scam and the subsequent tightening of lending norms for financial institutions, these players could find it increasingly difficult to finance their plans. Developers are also of the opinion that getting a lender to finance a project in an upcoming destination, such as Manesar or Dharuhera around NCR, becomes a difficult affair compared with loans for projects in Gurgaon or Noida. With the supply of money thinning, developers have adopted a new strategy to increase their liquidity position.

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Home prices dip on tighter liquidity

Metro home prices take a dip on tighter liquidity

The vision of owning a house is slowly getting clearer for buyers as residential real estate prices are beginning to see the promised correction on the back of hardening interest rates and poor transaction volumes.

Real estate services firm Jones Lang LaSalle India (JLL) says newly-launched residential projects are recording an average 15% lower prices, especially in Delhi and Mumbai ? markets witnessing oversupply in many pockets.

The higher the prices, more the correction, with Gurgaon, Greater Noida, Navi Mumbai and Bangalore as prime examples, where prices jumped 30-35% last year.

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Is buying land a good investment?

A plot of land can offer better returns in the long term compared with built property, but purchasing it can be problematic if you are not vigilant.

AMIT SHANBAUG

    For 32-year-old Sumana Chatterjee and her husband Sumitro Mukherjee, 33, it was a fruitful end to house hunting when they bought a plot of land in Vadodara, Gujarat. However, a few months after paying the full amount, the couple was shocked when they received a stop work notice from the court on the construction of their bungalow. “We found that there was another claimant for the land and that the property was under litigation,” says Chatterjee.
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Vaishali Metro (Ghaziabad)- Status

Metro goes to Ghaziabad, trial runs start on new 2.5-km line

Express News Service

Posted: Fri Jun 17 2011, 01:30 hrs New Delhi:

Taking the Metro a step closer to Ghaziabad, Delhi Metro Rail Corporation managing director E Sreedharan on Thursday inspected the Anand Vihar-Vaishali Metro rail corridor. Officials said they were satisfied with the completion of the 2.57-km stretch which will provide Metro connectivity to the area.

The Kaushambi and Vaishali Metro stations are expected to cater to about 40,000 people on a daily basis. After Noida and Gurgaon, Ghaziabad will be the third satellite city in the National Capital Region to figure in the Metro network. At present, residents of Ghaziabad have to come to Anand Vihar to board a Metro.

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Rohtak realty riding high

19 Feb 2011

Realty zooms in Rohtak
The Rohtak area is no longer a poor cousin of Delhi and NCR. Several ongoing development projects have increased the realty quotient of the area, writes Bijendra Ahlawat

After the real estate success stories of Noida and Gurgaon, it seems to be the turn of the Rohtak region to ride on the realty high tide. Several ambitious projects and schemes have stirred up the realty scene in this region with investors and realtors both realising the golden potential of the area.

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Property Trend: Slump ahead?

Update 14 Feb 2011

The Bubble May be Set To Burst Again

Property prices in major Indian cities, including Mumbai and New Delhi, are set to slump by as much as 30% in the next three-six months as rising interest rates and tighter lending norms have led to a sharp drop in demand for homes.

"Softening in prices would begin in a month or two if sales continue to be low," said Adhidev Chattopadhyay, an analyst at Mumbai-based Edelweiss Securities Ltd. A Credit Suisse note on 19 January forecast that property sales in India may decline unless prices are cut 10-30%.

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Delhi Metro (DMRC): Phase III Status

Delhi Metro (DMRCL) Network Route Map:

Delhi Metro Interactive map and fair calculator

Delhi Metro Phase 1 & 2 and proposed Ph 3 Network

Delhi Metro Phase 4 Route

Delhi Metro Existing Route Map Network

Delhi-NCR-Location-Sectors-Map with Metro and Roads

DMRC-Official-Map-of-All-Corridors (Ph 1, 2 & 3)

Delhi Metro Ph 3-Longest-Corridor-Mukundpur-YamunaVihar

Misc Maps of Delhi Metro Ph 1, 2, 3 and 4

Noida-Metro-city-centre-Sec-62-GNoida-DPR-News

Shiv-Vihar-Loni-Metro-AnandVihar-DhaulaKuan-Punjabi-Bagh-MukundpurMetro

Delhi Metro Related News Articles

 

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Delhi-Mumbai Industrial Corridor (DMIC): Biggest project of free India

DMIC-Map-Route-Project-Info

dmic-alignment-new-map

DMIC-Concept_Paper_Summary_020807

DMIC-BUDGET-APPROVAL-ROUTE-MAP.jpg

DMIC corridor Map

Why India may see several ‘little Singapore’ smart cities in 5 years

18 Aug 2014

The government has already initiated concrete steps to implement Prime Minister Narendra Modi’s promise of building 100 ‘smart cities’ – eco-friendly cities which use innovative Information and Communication Technology (ICT) for efficient delivery of public services and infrastructure.

PM Modi’s pet idea of building 100 ‘smart cities’ would need massive financial resources and technological prowess. For both these prerequisites, India will have to look up to foreign countries. Many countries have expressed their interest towards this endeavour of the new Indian government.

The Modi government has allocated Rs 7,060 crore (a little over $1.1 billion) in its maiden union budget to kickstart the smart cities project.

Singapore has emerged as a major foreign player in the Indian scheme of things in this context.

The government plans to deliver three smart cities by 2019, all of which will be part of the larger project called Delhi-Mumbai Industrial Corridor (DMIC). These smart cities, scheduled to be completed by 2019, are Dholera, Shendra-Bidkin and Global City.

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NCR Delhi – future perfect

NCR POISED FOR IMPRESSIVE GROWTH

29 Jan 2011

The Delhi NCR is poised to continue as one of the fastest growing regions, both in per capita as well as population density, and is well placed for investments in industrial, commercial and residential development. SANJEEV SINHA writes

Spurred by positive factors like a buoyant economy, rapid urbanization, improvement in affordability and access to finance the nation's property market seems to be bouncing back again, which is evident from a flurry of activity witnessed in the realty sector like rising sales, new launches and the appreciation of property prices in different regions – including the Delhi NCR region.

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Faridabad Metro Approved by Centre

Faridabad Metro-YMCA Chowk-Badarpur-Route

Faridabad and Bahadurgarh-Metro-Map

New-Delhi-Metro-Links for NCR Towns

Faridabad-Map-Key-plan

Delhi metro to extend to Faridabad, work expected to complete by 2017

GURGAON, June 23, 2014

Updated: June 23, 2014 09:36 IST

Ashok Kumar

Haryana Chief Minister Bhupinder Singh Hooda on Sunday laid the foundation stone for the extension of metro rail from YMCA Chowk to Ballabhgarh in Faridabad.

Rs.564 crore sanctioned

An amount of Rs.564 crore has been sanctioned for the project. The construction will be done by March 2017.

Speaking on the occasion, Mr. Hooda said the project will provide an international-level travelling facility to the people of Delhi, Faridabad and Ballabgarh.

In final phase

Two new stations at NCB Colony and Ballabgarh will be set up on this metro line. The extension work of the Delhi Metro project from Badarpur to YMCA Chowk in Faridabad is in its final phase.

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Gurgaon Eway (NH-8) widening

 

Spots identified for flyovers, underpasses

Dhananjay Jha, Hindustan Times
Gurgaon, February 17, 2012

The stakeholders of the Delhi-Gurgaon expressway have identified points to set up facilities such as cloverleaves, underpasses and flyovers.  A recent high-level meeting of National Highway Authority of India (NHAI), Huda, Delhi-Gurgaon Super Connectivity Ltd, zeroed in on Shankar

Chowk as the spot for setting up a cloverleaf flyover.

Officials also agreed to build a flyover or an underpass between Shankar Chowk and Iffco Chowk, while an underpass is likely to come up at Hero Honda Chowk.

However, the officials of the stakeholder bodies are yet to thrash out the crucial cost-sharing issue. There has not been any meeting of minds on this issue so far.

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Indian cities with good demand for office office

7 cities soaked most office space in '10

 

MUMBAI: The top seven cities in the country absorbed 32 million square feet of office space in 2010, stated an India Office Market View report by global property consultant C B Richard Ellis, which was released on Monday. The report covers Grade A and Grade B office space rentals and market movements across the national capital region (NCR), Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

Mumbai, NCR, Bangalore and Hyderabad led the country in space absorption.

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Greater Noida Metro- Status

Greater Noida Metro Route

NOIDA-GREATER-NOIDA-METRO-TOI-News-13Apr13

YouTube-News-on-Noida-Metro-3-routes-approval

Noida-Metro-Sec62-GreaterNoida-Boraki-Stn-Route-news.jpg

Map-Grearer-Noida-Metro-Route-Map

Greater Noida Metro-Route-Stations

Noida-Metro-city-centre-Sec-62-Boraki-News

Noida-Greater Noida metro extension to be open by March 2017

The said extension, that will be an extension of two lines, namely Dwarka Sector 21-Noida City Centre and the upcoming Noida-Noida Sector 62 stretch, will comprise 21 stations.

By: PTI | New Delhi | Updated: December 18, 2015 8:35 pm

The 30-km long elevated Noida-Greater Noida metro extension is likely to be thrown open by March 2017, months ahead of its deadline, Delhi Metro Rail Corporation chief Mangu Singh said today.

Singh made the comments at an event to mark the installation of the first ‘U-girder’, horizontal segments on which metro tracks are laid on elevated sections, of this upcoming corridor.

Singh expressed hope that in view of the “fast pace” of construction, it “should be possible” to open this section for the public a few months before the schedule.
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High prices n weak demand impact realty firms

Growth of realty firms reined in by high prices, weak demand

Home sales have dropped in what’s traditionally been the strongest quarter for property sector

14 Jan 2011

Growth of most real estate companies in the December quarter remained muted on the back of higher pricing, weak demand and delayed project approvals.

Residential volumes declined in what is seasonally considered to be the strongest quarter that’s typically boosted by festive sales, said analysts.

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Upper Ganga Canal Expressway revived

UP plans afforestation drive along Upper Ganga e-way

Posted: Sat Apr 30 2011, 02:33 hrs Lucknow:

The Uttar Pradesh government has planned “compensatory afforestation” in four districts of Bundelkhand for the loss of green belt in the area under the proposed Upper Ganga Canal Expressway.

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Tips on finding right property broker

 Jan 11 2011

Get your broker to earn his commission

Brokers are supposed to provide a host of services, apart from just showing you a house. Before signing the cheque, ensure they deserve i

Think of buying a house and it’s not just the price of the property you need to consider. There are other big-ticket expenses such as paying the stamp duty and the brokerage. Striking a property deal without a broker is difficult. But the broker’s responsibility doesn’t just stop at introducing the owner and the buyer. Though the unorganized real estate sector leaves the responsibilities of the broker unclear, a broker’s job doesn’t end until you have moved into an undisputed, clean house.

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Where to invest in 2011 ?

Expensive Real Estate Markets are Due For A Correction

But prudent investors will find plenty of opportunities in premium and redevelopment projects

by T Surendar | Jan 7, 2011

In late November, soon after environment minister Jairam Ramesh gave the green signal for Mumbai’s second airport, property prices around its location shot up by 20 percent. This was the same area that, even six months ago, real estate consultants and analysts were advising investors to stay away from. They reasoned that the prices had run up way too quickly. Today, the same professionals are recommending buying select properties in the same area at higher prices.
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NCR-Delhi: Property trend for 2011

Property prices to rise in next one year, then correct: NHB

PTI, Jan 5, 2011, 06.21pm IST

NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. "In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices," NHB Chairman R V Verma told reporters on the sidelines of Skoch summit.
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NCR-Delhi: Realty Trend for 2011

Residential market looks up

DHNS, 31 Dec 10

What defines this year in terms of real estate? The RBI seeing red over the teaser home loan regime, its move to tighten the flow of 'easy money' into the real estate market or the residential sector spearheading recovery of market economy…DH Realty looks back.

A good year for residential sector, not a full recovery for the commercial sector, status quo in terms of Bangalore’s infrastructure…That has been the story of the year gone by for the real estate sector.

According to a survey by makaan.com, “the year 2010 can be considered a mixed year for the Indian real estate sector. The industry displayed some positive signs of revival with homebuyers and investors coming back to the property market on the back of a higher consumer confidence and the promise of sustained GDP growth. This lead to hardening of the property prices in the beginning of 2010. The home prices moved up at a brisk pace during Oct 2009 to March 2010. The sudden and steep rise in prices created a fear in the mind of the genuine homebuyers and they adapted a wait and watch approach during the second half of 2010.”

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