Wednesday, December 9, 2009
Prime Location In India
Across India,Gurgaon Properties in the prime locations during the previous quarterly period the property industry has witnessed an average 10 per cent appreciation in property value. As a matter of fact, this growth in property value is not confined to residential property alone.
Friday, October 30, 2009
Gurgaon Property Market
Of late, Properties in Gurgaon market shows an upward trend. In fact, the property market in this stretch has had a history of appreciation. However, the recent economic recession has created a slump in the property market. Now, the slump is reportedly over and the market shows a growth trend. The main reasons for this growth movement emanates from the recent development in transportation infrastructure and the presence of multinational corporate units in the region.
Wednesday, September 16, 2009
Are Gurgaon property rates increasing?
Gurgaon property prices had been increasing for several years. There had been a phenomenal increase in property prices. A few decades back, Gurgaon had been a little known Haryana village lying close to the Delhi border. With the economic renaissance in India following economic liberalization, foreign direct investment found the region an ideal destination. The Corporates coming to India to open shop in Delhi found Gurgaon in the NCR an ideal spot for business. This aspect has a direct impact on Gurgaon property prices to increase.
Tuesday, August 4, 2009
Gurgaon - One Of The Most Happening City
Gurgaon is known as 'Guru Gram' named after Dronacharya, a character in the Epic Mahabharata. It is said that Guru Dronacharya of the Pandavas and the Kauravas gave spiritual instructions to them at this sacred place.
Own property in the posh locations and commercial Plots of Gurgaon, Delhi/NCR.
Make your dream come true -
* Gurgaon Apartments/Flats/Condominium
* Gurgaon Commercial/Industrial Space
* Gurgaon Commercial Office Space
* Gurgaon Shops , Plots, Villas
* Gurgaon Farm Houses, Builder Floors
* Gurgaon Agricultural Land / Rented Properties
* Gurgaon Residential Property ...in posh locality of Gurgaon and surrounding areas Delhi / NCR, and at absolutely reasonable prices.
Own property in the posh locations and commercial Plots of Gurgaon, Delhi/NCR.
Make your dream come true -
* Gurgaon Apartments/Flats/Condominium
* Gurgaon Commercial/Industrial Space
* Gurgaon Commercial Office Space
* Gurgaon Shops , Plots, Villas
* Gurgaon Farm Houses, Builder Floors
* Gurgaon Agricultural Land / Rented Properties
* Gurgaon Residential Property ...in posh locality of Gurgaon and surrounding areas Delhi / NCR, and at absolutely reasonable prices.
Thursday, June 11, 2009
Real Estate - India
Real Estate is seen as backbone of Indian economy. Real Estate sector was ignored by investors for a long time but now it is the most favorable investment option in India. The
popularity of real estate in India is determined from the fact that to buy a piece of land in the metropolitan area requires a person to pay a big amount. Most of the real estate builders are now focusing on 3-tier cities. Various builders are now investing huge amount to buy the large pieces of land.
It is clear that not only the metropolitan cities but also the 2-tier and 3-tier cities are also wooing investors. Another reason of this real estate boom in India is due to the emergence of shopping malls. Investors too are showing interest in malls in various cities.
The charm of real estate in India has drawn unwanted attention of mafia and gangster in this field. So, government has made strict rules in investment laws for real estate.
popularity of real estate in India is determined from the fact that to buy a piece of land in the metropolitan area requires a person to pay a big amount. Most of the real estate builders are now focusing on 3-tier cities. Various builders are now investing huge amount to buy the large pieces of land.It is clear that not only the metropolitan cities but also the 2-tier and 3-tier cities are also wooing investors. Another reason of this real estate boom in India is due to the emergence of shopping malls. Investors too are showing interest in malls in various cities.
The charm of real estate in India has drawn unwanted attention of mafia and gangster in this field. So, government has made strict rules in investment laws for real estate.
Monday, May 4, 2009
Real Estate sector is showing some recovery in first quarter of 2009
After an acute slowdown in the third and fourth quarter of 2008, the real estate sector is now showing improvement in the first quarter of 2009 ending March 31. A report prepared by Prop Equity Research suggested that in majority of cities there has been a surge in absorption. A recent study by Prop Equity across Bangalore, Mumbai ,Hyderabad, Chennai, and Gurgaon in NCR says that absorption was high in the residential new launches in the first quarter of 2009 in Gurgaon,Chennai and Mumbai. Bangalore and Hyderabad witnessed fewer new launches during this period, experienced a low absorption.
Due to rise in the interest rates in the January-March 2008, by almost 2 percentage points, to 12%, the real estate sector has experienced one of the worst kinds of slowdown. At the same time, residential apartments in most of the cities became unaffordable for most buyers due to the prevailing prices of these residential apartments. Global financial markets got affected due to the failure of banks and brokering houses in the US and Europe which further worsened the situation. This also affected the real estate market of India very badly.According to the report , October-December 2008 saw the absorption of only 1,113 units in Mumbai, the first quarter of 2009 saw the absorption of about14,478 residential apartment units. As against this, 3,096 units were launched, in October-December 2008, 3,096 units were launched, the report said. This means, 40% of the launched apartments got sold in the first quarter of 2009, which is said to be a good turnover. In the same way, in Gurgaon, during January-March 2009, 8 05 units were sold out while 4,480 units were launched. As against this, only 587 units were sold out of 3,708 units launched during October-December 2008. Therefore, the absorbed and launched figure showed sign of recovery in first quarter of year 2009.
Due to rise in the interest rates in the January-March 2008, by almost 2 percentage points, to 12%, the real estate sector has experienced one of the worst kinds of slowdown. At the same time, residential apartments in most of the cities became unaffordable for most buyers due to the prevailing prices of these residential apartments. Global financial markets got affected due to the failure of banks and brokering houses in the US and Europe which further worsened the situation. This also affected the real estate market of India very badly.According to the report , October-December 2008 saw the absorption of only 1,113 units in Mumbai, the first quarter of 2009 saw the absorption of about14,478 residential apartment units. As against this, 3,096 units were launched, in October-December 2008, 3,096 units were launched, the report said. This means, 40% of the launched apartments got sold in the first quarter of 2009, which is said to be a good turnover. In the same way, in Gurgaon, during January-March 2009, 8 05 units were sold out while 4,480 units were launched. As against this, only 587 units were sold out of 3,708 units launched during October-December 2008. Therefore, the absorbed and launched figure showed sign of recovery in first quarter of year 2009.
Technorati Profile
Real Estate Developers Facing Crisis Due To Market Melt Down
Real Estate Developers are in trouble due to market melt down. Realty consultants say with very few buyers in the market, majority of projects have not taken off in various markets. Major real estate developers like DLF, Unitech, Parsvnath Developers,Omaxe and Emaar MGF are moving out from their core areas to develop projects in different cities. Nearly, 65-70% of these projects have not taken off. DLF, for example, have pulled out of many commercial projects in Gurgaon and Manesar. In the same way, Unitech’s projects in Kolkata and Mohali have also not taken palce as per the plan. Parsvnath Developers has also hold back its plans to construct several projects that were in the queue.
Executive director at consultancy Cushman & Wakefield says that the performance of any player depends on the cost of land acquisition. All those developers who bought land at higher price in the last two to three years are facing major challenge in these times. They bought assuming that the market is going well and will continue to go up. But today they are facing alot as they are not able to construct on same value as when they had bought it.
Executive director at consultancy Cushman & Wakefield says that the performance of any player depends on the cost of land acquisition. All those developers who bought land at higher price in the last two to three years are facing major challenge in these times. They bought assuming that the market is going well and will continue to go up. But today they are facing alot as they are not able to construct on same value as when they had bought it.
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