India property has been seen to become the fastest growing sectors in the
country and is achieving its new heights. The fastest growth of real estate in India is totally
dependent on the government policies in terms of making direct investment in
Indian property and financial system. Certain report states that after the
agriculture sector, Indian real estate market has become the second largest
market player and is unexpectedly booming especially towards the household
creations. But it is recommended that before getting introduced into the real
estate, you need to have done proper research on the market as you find lots of
certain pitfalls.
Featured builders, featured project, builders gallery and the marketing
property intelligence are the pillars of the Indian real estate market. It also
features two main properties - Commercial and residential property.
It has been seen that the market graph of India real estate goes sometime
high while it sometime steep down. But the real estate investment phenomenon is
noted to be the lucrative business. So, overall real estate is a form of family
which includes members like property dealers, professional constructor,
communications development member, property dealer, purchaser, vendor etc. Home
loan and commercial activities also plays important role in it. The pricing
level in the real estate property is an important criteria, because India
property market’s success is wholly dependent on it. Beautiful township along
with all the added features available at minimum price is the prime factor for
the achievement of the property in real estate market.
Certain report of NCR region says that, by 2013, this region will have a
total demand of nearly 10.2 lakh residential units, 249 lakh sq ft of office
space and 66.6 lakh sq ft of retail spaces. With the highest demand in the
residential, office and hospitality sectors, Gurgaon has topped the demand
charts. Another important factor that has made Gurgaon the fastest sector in
terms of property sale is good connectivity and close proximity to Delhi and
other major destinations. With the last one year shot up price by 25%, number
of developers have been seen to influx in this region to launch new projects.
Recently, well-established realty players like Godrej Developer, Tata Realty
from Mumbai and Sobha Developers from Bangalore launched their projects in
Gurgaon. Under the new Gurgaon-Manesar Master Plan 2025, the availability of
land for development and avenues has opened up for new growth corridors in
terms of real estate India. The
new master plan allocates 14,930 hectares of land for residential use; this is
good enough for over 58 new sectors. Most of the new developments are taking
place in these sectors.
Records for the property in India shows that nearly 35% of the proposed
residential land is under the process of licensing. Golf Course Road, Sohna
Road, Pataudi Road, Manesar, Jaipur Highway and a concentrated growth in
Bhiwadi and Dharuhera are the major corridors where the growth has affected a
lot. In and around the NH-8, the sectors of New Gurgaon like 37, 37 D, 80, 81,
82, 85, 86, 90, 92, 93, 95, and 99 are registering a vast response.
DLF, Unitech, MGF EMAAR, Chintels, Ansal, Orris, Antriksh, Assotech,
Raheja Developers, CHD, etc are the major developers who have earned lots of
fame in real estate market by launching number of properties. The ILD Group has
come up with ILD Trade Centre on Sohna Road, which is a mixed product that
caters to the needs of commercial-office as well as retail-shop buyers.
If you are looking for the flats for sale, then among the tier II cities,
Pune stands the best, and has attracted large number of Indian as well as the
foreign investors. According to Arvind Jain, Joint Managing Director of Pride
Purple Group Baner, Aundh and Wakad are prominent places for investment, as it
is strategically connected with three distinct locations like Hinjewadi, Pimpri
Chinchwad- the industrial hub and the Peth areas.
According to Urban Land Institute, Bangalore has ranked as the 10th most
favourable real estate investment destinations in Asia Pacific. Compared to
other major cities, Bangalore has been known to have high growth and real
estate development, because of the fully furnished flats available at a very
reasonable rates. In 2011, There was no activity in the Bangalore commercial
market with demand level of approx. 14.78 million sq ft. The major fluctuation
levels has been seen in major areas like Whitefield and Electronic City, which
has close proximity to the Outer Ring Road.
According to JLL’s data, residential property capital values in Bangalore
have increased by 25% since the trough in mid-2009. Currently, the absorption
of residential spaces in the city is skewed towards the Rs. 3000-7500 per sq.ft
price band. According to Karun Varma, managing director (Bangalore & Kochi)
JLL Bangalore has approximately 1100 super luxury home units with price-tagged
at Rs. 5 crore in various stages of planning and construction.
