Real estate India market has
shown multilevel growth in the past few years, and is expected of having no
chance of coming down. In recent year the companies of real estate in India has
seen to have an enormous growth thereby providing an excellent opportunities
for investing in the properties. Hence, it has become a hot topic for real
estate discussions about real estate in India, builders in
India buying of properties in India as well as properties in India. Certain report
says that in Indian real estate 80% of property units are dwellings, while the
rest are for commercial as well as for other purposes. The major factor for the
growth of real estate in India is the tremendous rise in the middle class
families whose financial capacity has grown due to globalization and
communication industries. Hence, this indicates that there will not be any loss
in the demand for the residential properties in India. Many new flats and
independent residential villas are getting constructed and sold even in remote
places in India.
According to Knight Frank’s
proprietary partner and Lord Andrew Hay, the head of global residential agency,
who states that though there is the chance in the price fall of 10-20% in some
of the international markets in the next 18 months, the property in India market,
is expected to remain stable in the near future. In terms of residential
sector, the cities in India do rarely follow the tandem property cycles, where
the cities like Mumbai, Bangalore and Delhi/NCR comes in Tier 1 that basically
tends to lead the cycle. While it has been reported that since 3rd quarter of
2009, the Hyderabad residential prices have reported to remain constant without
any major fluctuation.
In the mid of 2009, the
residential property in India especially in Bangalore have increased by 25%,
despite of price being fall by only 13% during the recession. While at the same
time Chennai, Kolkata and Pune markets have seen growth of 20% during the same
period, Delhi/NCR by 16% and at the same time 35% rapid rise in Gurgaon.Coming
to the data collected for the individual cities in India property. By the Urban
Land Institute, Bangalore is ranked today as the 10th most favored real estate
investment in Asia pacific. Compared to other Indian cities, Bangalore is known
for its rapid growth and high quality real estate developments, where each and
every flat are designed by world class architects and efficient engineers. Most
of the residential catchment areas encircles around international airport,
Metro lines, Outer Ring Road (ORR) and IT belts.
Gurgaon is registering the
fastest growth in the real estate sector in the country. Among the well
established realty players like Godrej Developer, Tata Realty from Mumbai and
Sobha Developers from Bangalore have launched their projects in Gurgaon, which
have laid a greater competition in this region. The major developing growth
corridors in Gurgaon include the extended Golf Course Road, Sohna Road, Pataudi
Road, Manesar, Jaipur Highway and a concentrated growth in Bhiwadi and Dharuhera,
which are also known as New Gurgaon. The sectors of New Gurgaon, around NH-8,
like Sectors 37, 37D, 80, 81, 82, 85, 86, 90, 92, 93, 95, and 99 are
registering a tremendous response.
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