Posts Tagged ‘NCR real estate’

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.

Read more…

Indians Prefer NCR/Delhi to Buy House

The real estate market in India continues to be an end-user market. However as far as investments are concerned, Delhi, Mumbai and Hyderabad are the top three most preferred real estate investment destinations in 2010, nationally. According to a recent survey, ‘Realty Trends 2010’ for Indian metros and Tier II cities by web portal Makaan.com, the realty sector in 2010 is going to be driven by end-users. Intere-stingly, the market on a whole is buzzing with a lot of activity.

As per the survey findings, amongst the respondents, the national capital tops the chart with 34 per cent buyers wanting to buy a house here. This is followed by Mumbai with 28 per cent interested buyers nationally and 11 per cent each in Bengaluru and Hyderabad. The survey also reveals that due to recession and fluctuating property prices, property seekers were shying away from making a property purchase last year, but with the improving economy and slightly stable property prices, property seekers are ready to jump into the market this year. It’s interesting to know that most buyers, who are interested to buy a house, this year, want it for self-consumption. This confirms the fact that speculators, which drove the real estate boom from the years 2004 to 2007 are more or less out of the market. And even the ones who are willing to invest at this time are long-term investors.

National Capital Region (NCR/Delhi)- India’s Hotspot Destination

What Comprises of National Capital Region (NCR/Delhi)

National Capital Region (NCR) of India covers areas of Delhi as well as adjoining cities of neighbouring states of  Haryana, Rajasthan and Uttar Pradesh. NCR region covers  a total area of about 33,580 km² and a population of about 4.9 crores.

The idea of NCR was first conceptualized  in first master plan of Delhi in 1962. The purpose behind the idea was to develop a metropolitan area around Delhi to divert increasing pressure of population from the north India. The idea came out of the necessity in order to protect Delhi's infrastructure from excessive pressure and a planned development of the region. In the year 1985, the Union Parliament enacted the  National Capital Region Planning Board Act, with the concurrence of the participating States of Haryana, Rajasthan and Uttar Pradesh and NCR Planning Board was constituted.

NCR States and Cities

Following are the cities that are covered under NCR region

• NCT Delhi (Area – 1480 sq km, population- approx 1.4 crore)
• Haryana (contribution area to NCR- 13140 sq km). Included cities are   Gurgaon, Faridabad ,  Mewat ,  Palwal ,  Rewari ,  Jhajjar,  Rohtak ,  Sonipat and Panipat
• Uttar Pradesh (contribution area to NCR- 10850 sq km). Included cities are Gautam Budha Nagar Dist (Noida and Greater Noida) , Ghaziabad, Bulandshahr and Meerut
• Rajasthan (contribution area to NCR- 7830 sq km). Included cities are Bhiwadi and Alwar

The NCR Planning Board is currently preparing a regional plan for 2021 that includes Rapid Rail Transit System, peripheral expressways, DMRCL corridor, rail orbital corridor and rail-cum-bus transit system. Please follow below posts on the subject

NCR Orbital Trains

Fast Trains to NCR towns under RRTS

The vision is really so grand that in about 10 years, it will totally change the face of NCR region as we know it today. The travel would become fast, affordable and comfortable for the residents of currently far-away places such as Meerut, Alwar, Rohtak , Bulandshahr and Panipat. Below link provides the NCR Regional Plan for 2021. The regional plan not only takes care of roads and rails but also includes planning for power, drinking water, irrigation, sewage and solid waste management.

As per 2001 census, the total population of NCR was 3.7 crores and by year 2011, the population is expected to increase to 4.9 crore. By 2021, the planners are expecting a population of 6.5 crores due to immigration driven by jobs being created in the region.

NCR Region Highest Job Creator

In a recent survey done by Assocem revealed that NCR region was the highest job creator in India by creating about 34 percent of total jobs during April-Aug 2010. Read More on this

Surprisingly the second placed Mumbai region has been left far behind at 12 percent new job creations (is it Raj Thakray effect!). Clearly, it tells a long story in short that NCR region has come on the national stage (and to stay for a long time) due to infrastructural developments that have taken place due to CWG games and would be taken up as part of 2021 NCR Planning Board.

Latest Job Creation Report of 2013

NCR Tops new Company Registration

According to data from the Registrar of Companies (RoC), around 44,000 new companies were founded in the national Capital region (NCR) in the first nine months of the financial year, which is four times that of  Maharashtra. The gap could widen if the numbers for Noida, the third member of the NCR triad, are factored in. Read More on this

NCR Attracts $1.85 billion during April-Aug 2010

NCR, including parts of Uttar Pradesh and Haryana, received USD 1.85 billion (Rs 8,476 crore) in FDI during the period Apr-Aug 2010. The region accounted for 20 per cent of the total FDI in the country. This is incredible since most of the big companies have their corporate office in Mumbai but have fledging operations in NCR region (and that FDI has not been accounted under NCR account). Read More on this

NCR Most Preferred to Settle Down

In sync with topping the job creation list, the NCR region also topped the charts in a recent survey ‘Realty Trends 2010’ for Indian metros and Tier II cities conducted by by web portal Makaan.com. As per the survey findings, amongst the respondents, the national capital tops the chart with 34 per cent buyers wanting to buy a house here. Read More on this

Therefore 34% new job creations is equally matched by 34% respondents who would prefer to settle down in NCR region.

NCR Investment Hotspot Destination for Retail  Investors

Recently, Jones Lang LaSalle Meghraj Research conducted an analysis of residential markets across India to help identify investment hotspots for retail investors.  The NCR region again topped this list of hotspot destination for investment with Gurgaon standing tall  at number 1 position and Noida coming at no. 3 after Mumbai (2^nd position). Read more on this

Delhi-NCR Largest Urban Agglomeration in India

Delhi NCR is the top urban agglomeration with a population of 21,753,486 (2.17 crores) while Greater Mumbai with a population of 18,414,288 is the top city in population;

As per the preliminary results of the Census 2011, released by the Registrar General of India, Greater Mumbai with a population of 18,414,288 continues to be India’s biggest city, followed by Delhi—16,314,838 and Kolkata—14,112,536. These three cities are India’s mega-cities with 10 million plus population.

But, when we consider Urban Agglomeration (UA) as an extended city comprising built-up area of a central core and any suburbs linked by continuous urban areas, there is a change at the top. Delhi NCR, with the inclusion of Gurgaon, Faridabad, Noida and Ghaziabad becomes the No 1 UA with a population of 21,753,486, ahead of 20,748,395 of the Mumbai Metropolitan Region comprising Mumbai, Navi Mumbai, Thane, Vasai-Virar, Bhiwandi and Panvel. Kolkata has clocked moderate growth.

Bengaluru is now almost as big as Chennai. Bengaluru with an UA population of 8,728,906 (8,499,399 excluding Hosur) is now bracketed with Chennai—8,917,749 (8,696,010 excluding Kancheepuram). Strain on civic amenities and commuting woes are consequently high in Bengaluru. However, it is still an important engine for growth in modern industries and job sectors in urban India.

Hyderabad, which was marginally bigger than Bengaluru in 2001, has now become the sixth largest city with a population of 7,749,334. Ahmedabad at 6,352,254 and Pune at 5,049,968, make up the other larger metros. Surat at 4,585,367 continues to grow rapidly and had added over 1.7 million during the decade. Jaipur, with a population of 3,073,350 has overtaken Kanpur for a spot in the Top 10.

Mumbai, Delhi NCR are most preferred investment destinations

Dec 31, 2012, 10:46AM IST

Mumbai/Delhi NCR

With year 2013 just around the corner real estate investors across the country seems to have decided where to put in their money in the coming year. If results of a survey Investments in 2013, conducted by MagicBricks.com, are any indication of investment patterns in India, then majority (nearly 25 per cent) of the prospective home buyers across the country prefer Mumbai for their real estate investments. Delhi NCR follows at the second spot with 22 per cent respondents selecting the capital city.

While Delhi is the capital state Mumbai is the financial capital of the country. “Any financial destination is bound to grow in terms of capital appreciation,” says Manoj Goyal, director, Raheja Developers. “This works in favour of both Mumbai and Delhi NCR. Particularly in Mumbai, due to the huge gap between demand and supply, the scope of appreciation is always high. This makes it an ideal investment destination in spite of high realty prices,” he adds.

Further a large number of investors are looking to put in their money in emerging suburbs of Mumbai city. “Budget housing is a growing trend in the far flung suburbs of Mumbai. These locations not only offer properties at affordable rates as compared to the main city but also ensure high return on investments,” explains Vijay Lakhani, MD, Lakhani Builders.

Delhi, on the other hand, still has a lot of scope for economic and infrastructural development. “In the last 10 years Delhi NCR has witnessed the maximum foreign direct investments in various industries. Thus the city has been gearing up for a lot of economic activity creating increased job opportunities,” adds Goyal. Thus the scope of further growth coupled with availability of jobs makes it a coveted real estate destination.

Younger generation have large disposable incomes that they want to invest. Thus they prefer to pay EMIs on their own house rather than paying rents while living in cities like Mumbai and Delhi for their work. This was also evident from the survey which revealed that almost 50 per cent of the respondents want to purchase a home for self use. High property prices, it seems, is no limiting factor for those contemplating about property investments in Mumbai and Delhi NCR real estate. Thus increased scope for capital appreciation in Mumbai and economic growth in Delhi is set to drive real estate investments in 2013.

Sruthi Kailas, MagicBricks.com Bureau

http://content.magicbricks.com/mumbai-delhi-ncr-are-most-preferred-investment-destinations/?fromSite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-mb-whitelabel-city-delhi-ncr

Delhi-NCR topped in job generation this year: Survey

Our Bureau

Overall job generation plummeted 21% between Jan-Dec, says Assocham

New Delhi, Dec 25: 

While this year saw a decline of about 21 per cent in new job generation across sectors, Delhi-NCR region fared better than other regions.

A total of over 5.3 lakh jobs were generated in the country during January to December 15, with over 2.8 lakh jobs in first half of the year and over 2.4 lakh jobs during July-December 15, says an analysis titled ‘Job Trends Across India in 2012’ by The Associated Chambers of Commerce and Industry of India (Assocham).

Among regions, Delhi and National Capital Region (NCR) topped by generating over 1.1 lakh jobs, followed by Mumbai with over 77,000 jobs, Bangalore with over 75,000 jobs and Chennai with about 44,000 jobs.

Kolkata generated the least number of jobs among metros at over 25,000 jobs, D.S. Rawat, Secretary General of Assocham, said.

Among sectors, information technology topped with over 2.1 lakh jobs generated between January and December 15, followed by academics and education with over 34,500 jobs.

The insurance sector generated over 27,100 jobs, followed by banking at 24,500 jobs, automobile (22,890), financial services (22,500), manufacturing (20,400), engineering (18,650), hospitality (16,100) and IT hardware (15,600).

The analysis found only academics and education sector registering a rise in job generation growth of over 16 per cent in the first six months, while other sectors saw a dip in job growth by over 10-50 per cent.

Overall, the analysis found a decline in job generation in most cities in the later half of this year.

Among non-metros, Kochi registered the highest job generation growth of over 30 per cent with the number of jobs rising from over 1,500 in January-June this year to over 2,000 between July and December 15. Agra saw a rise of 14 per cent, Ajmer 12 per cent, Udaipur 10 per cent, Kota 7 per cent, Kanpur 5 per cent, Vellore 5 per cent and Jalandhar 4 per cent.

The chamber sourced inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals such as timesjobs.com, naukari.com, monster.com, shine.com and job-related advertisements published in national and regional dailies in about 56 cities and 32 sectors, an Assocham release said.

aditi.n@thehindu.co.in

http://www.thehindubusinessline.com/industry-and-economy/economy/delhincr-topped-in-job-generation-this-year-survey/article4238220.ece

We at NCRHomes.com, welcome you to this portal to continue a journey in the ‘happening n hotspot’ – NCR Region.

Click following link for

All Blog Posts in a Nutshell