Real Estate 2012: Predictions & Outlook
ET: Why the property prices never fell in cities
Hot Indian property destinations for NRIs in 2012
Deepa Venkatraghvan Dec 23, 2011, 08.20PM IST
The Non Resident Indian (NRI) might as well remember 2011 as the year of the 'lazy investor'. For NRIs have gained 18% since August 2011, simply by remitting money to India; no effort at all. But as we approach 2012, NRIs must take stock of how best to use their remittances. The traditional favorite has always been real estate. But in this volatile market, how great an investment is it? Is this a good time to buy property in India? What kind of property is a good bet? Let's try to find answers.
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NRIs Investment in Property Appreciates as Rupee Depreciates
Residential market will remain cautious over short-term: Ravi Saund
Source: IRIS (12-JAN-12)
In an exclusive interview with Myiris.com, Ravi Saund , chief operating officer, CHD Developers, says “Real estate segment has become a lucrative investment option for NRIs.“
While the real estate prices in the world are sinking, the real estate investment in India is ringing. What factors NRIs should consider before investing in Indian real estate?
With the depreciating rupee, the Indian Real estate segment has become a lucrative investment option for NRI`s. There are several key aspects that a buyer should consider while making his investment decision. These aspects fundamentally remain the same for both residential and commercial projects. If the project has to be evaluated for investment I would lay down dimensions on which a buyer should think.
NCR-Delhi to stop new plots scheme
बंगला हुआ पुराना, हाईराइज का जमाना
किरणपाल राणा ॥ नवयुग मार्केट
एनसीआर में कोठी – बंगले की चाहत रखने वालों के लिए बुरी खबर है। एनसीआर प्लानिंग बोर्ड एक ऐसी पॉलिसी पर काम कर रहा है , जिसके तहत मकान बनाने के लिए प्लॉट नहीं मिल सकेंगे। लोगों को ग्रुप हाउसिंग में फ्लैट लेकर ही रहना होगा। बोर्ड की यूपी सेल के चीफ कोऑर्डिनेटर एस . के . जमान के अनुसार , घरों की बढ़ती डिमांड और घटती जमीन के मद्देनजर ऐसा किया जा रहा है। बताते चलें कि केंद्रीय शहरी विकास मंत्री कमलनाथ ने भी हाल ही में दिल्ली में हाईराइज बिल्डिंगों की वकालत की थी।
यह है समस्या : एनसीआर प्लानिंग बोर्ड की सर्वे रिपोर्ट के के मुताबिक , गाजियाबाद में हर साल औसतन 1.97 लाख लोग नए मकानों की डिमांड करते हैं। जीडीए , आवास – विकास परिषद और यूपीएसआईडीसी इस जरूरत को पूरा करने के लिए काम करती हैं। हालांकि तीनों विभाग डिमांड पूरी नहीं कर पाते हैं। 2005 में प्रदेश सरकार ने पॉलिसी बदलकर हाउसिंग डिवेलपमेंट में प्राइवेट सेक्टर को भी मौका दिया। इसके बाद नई समस्या खड़ी हो गई। मकान बनाने के लिए बढ़ती जमीन की मांग के एवज में खेती की जमीन कम हो रही है। पिछले 5 साल में खेती की करीब 16 हजार एकड़ जमीन रेजिडेंशल यूज के लिए किसानों से ली गई। अब खेतों को बचाने के लिए बोर्ड नई पॉलिसी तैयार करने में जुटा है।
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Property on 12% Assured Rentals- Know your risks
The Risk of Assured Rentals
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.
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.
PE firms bullish on Indian Infra
New Delhi: Putting political risks aside, global private equity (PE) funds looking for high return on investments are going to target Indian infrastructure companies in the coming years, says a report by research agency Preqin.
India is attracting the highest number of unlisted, closed-end funds that focus on a single country, making it the most preferred choice among emerging markets, according to the study, released late last week.
“In terms of opportunities, emerging markets are becoming more popular with global investors after the global financial crisis, and India is at the centre of this,” said analyst Elliot Bradbrook, who has authored the report.
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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Gurgaon: A preferred investment destination
Gurgaon is North India’s corporate destination
Delhi/NCR
From a little known sleepy town of the yesteryear’s to becoming a major IT destination, Gurgaon has come a long way. Today,it is home to corporate offices of major MNCs and IT companies in the country.
One of the most important drivers for this prolific development is its geographical proximity to the nation’s capital,Delhi. Delhi has a ready pool of talent as many from the neighbouring states come into the capital either for higher studies or in search of jobs.What also triggered Gurgaon’s growth was the availability of land therefore affordable office space and excellent roadways.
Unlike Bengaluru which was a pure IT destination, the advantage Gurgaon had was the presence of other industries. This provided a ready market for the IT companies. The government too was very proactive in seizing the opportunity that presented and transforming it into a success story.
It offered IT companies an excellent infrastructure and other necessary assistance to help them set up shop there. Gurgaon has capitalized its strengths well and in the past 10 years acquired a momentum of its own which is commendable. Nonetheless,how growth happens tomorrow is a consequence of what is done today.
Noida Ext: roadside vendors selling flats
Where roadside vendors hawk flats
Surojit Gupta & Avijit Ghosh, TNN, Feb 14, 2011, 12.54am IST
GREATER NOIDA: Tucked away on the other side of the Hindon river and surrounded by lush green farmland where yellow mustard flowers sway, the nondescript 'Noida extension' area has emerged as ground zero of real estate business.
Here, the air is thick with dust raised by overloaded trucks ferrying brick and sand. Heedless, young men sporting smart caps and smarter T-shirts furiously wave brochures of the numerous housing projects in the area. They lunge dangerously at any passing car to snatch precious clients from lurking competition.
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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.
NCR real estate in focus
Property show puts Delhi's capital region in focus
21 Jan 11
Cluster led rest of market in terms of home supply and absorption during second quarter of 2010 accounting for 59% of residential supply
Dubai: For better or otherwise, Delhi and its developers have been in the spotlight right up to and during last October's Commonwealth Games. Two months down the line, they still can't shake off being the centre of attention.