Indian Real Estate Market

Indian property market is expected to remain stable in the near future even as prices in some of the international markets may fall 10-20% in the next 18 months, said global property consultancy services firm Knight Frank's proprietary partner and head of global residential agency, Lord Andrew Hay. "American (property) markets are improving but some parts of Europe like Italy, Greece, Poland, Spain and Ireland, that have fallen by 60% in the last 5 years, are still vulnerable," Hay told ET. "Indian real estate is in a unique position like Singapore where actual demand is at work and therefore would remain insulated," he added.  Hay thinks that despite economic and political changes in India, it's still a promising market. However, in order to emerge as a mature market, India needs to incorporate a framework combining transparent legal system, easy finance, liquidity in market and availability of thorough research about the market that allows one t...

Dwarka-Gurgaon Expressway, also known as the Northern Peripheral Expressway, will be a significant area for investment, as the real estate sector has vast potential for a robust growth in the coming years. Top realty players like Chintels India Ltd, Sobha Developers, BPTP, Puri Construction, ATS, Antriksh, Rahejas, MGF EMAAR, Bestech, Uppal Housing, Indiabulls, Brisk, Mahindra Earth Infrastructure, etc, have launched their projects here. Also, with the rise in demand, the  prices in Dwarka-Gurgaon Expressway  have almost tripled – from Rs 2,250 per sq ft to Rs 6,250 per sq ft. Dwarka-Gurgaon Expressway  The 150-metre-wide and 18km-long  Dwarka-Gurgaon Expressway  is likely to be completed in the next two-three years. India Bulls bagged the contract for Rs 43.32 crore. The expressway will provide faster access to the airport and connect to the 100-metre-wide road proposed in the new master plan. The proposed expressway will touch Delhi near Dwarka Phase II, wh...

Serviced apartments might seem to be a new concept in India, but the fact is, that these are around for quite some time now. A serviced apartment is like any other apartment with the basic difference being that it gives back assured returns to the buyer, sometimes as high as 50%, after deducting the maintenance charges.  Serviced apartments provide services like a hotel, such as housekeeping and room service. But, unlike a hotel, a person using a serviced apartment can cook his own food too. So, serviced apartments can be owned by you while the client servicing is provided by the seller. The seller also takes the responsibility of getting you tenants. Gulati remarked that mostly people from foreign countries on work visas stay in the serviced apartments for a duration ranging from a month to even six months or more. Usually corporate guests or those working for companies here hire serviced apartments. The benefits vis-à-vis a luxury hotel are that firstly, serviced apartment...

The smaller apartments are selling big! Presently, the maximum demand is for 2BHK residential apartments and the supply is fulfilling this demand. No wonder, some developers claim 55-60 percent of their current inventories are 2BHK units, because it is definitely the fastest growing segment, particularly since for the first-home buyers as they are at the beginning of their careers and married life. Seeing the rising demand of 2BHK apartments, Antriksh heights has come up with high end 2BHK apartments at affordable prices in sec 84 Gurgaon .  The maximum demand for the 2-bedroom units is from the middle-income group nuclear families typically a middle-class salaried employee hailing across sectors, like government employees, school teachers, or employed in the BPO, IT, banking and service sectors and also for the middle level self-employed professionals. This is likely for nuclear families with small kids where a third bedroom is not a necessity and not worth the additional cost....

All About Antriksh Heights Sec. 84 Gurgaon,  Residential Project,  For Best Deals,  Contact - 9811845382, CRE Solutions, Alok Upadhayay Project Name : Antriksh Heights Builder Name : Antriksh Group Project Type : Residential Apartment Location : Sector- 84, Gurgaon Contact Us : CRE Solutions Alok Upadhayay +9811845382 Group Housing Project is located very strategically in Sector - 84, of Gurgaon (NH 8), Haryana. With the release of the new master plan of Gurgaon, the real estate market of Gurgaon is witnessing the arrival of new investment opportunities primarily along NH- 8. With Delhi Metro and Several SEZs planned in Gurgaon, which will bring about tremendous housing along the corridor, makes the projects as hot investment opportunities. ABOUT ANTRIKSH GROUP. An ISO 9001:2000 Certified, Profit making, highly rising, Real Estate company with a...

Real Estate Industry in India had a mixed experience in the year 2011. It had been both sweet and sour for developers and builders — sweet, in the sense that a number of affordable and luxurious housing projects were launched. On one side, it faced low during land acquisition in Gr.Noida,  then launch of skyscrapers in Delhi NCR especially in the millennium city Gurgaon was really a high point.  Land-related issues, along with the developers’ and buyers’ rights, and initiatives for amendments to the land acquisition laws and real estate regulation bill have also been taken up. The flip side was the uncertainty over forthcoming projects due to land acquisition rows, especially in Noida and Greater Noida, and that the initiative for a real estate regulator is yet to bear fruit. The apprehension of a worldwide recession has also cast a shadow on the realty market. However, Gurgaon witnessed quite a strong appreciation during the year. Prices in Dwarka...

Builders will have to register themselves before launching housing projects, stick to the approved plans and refund money to homebuyers in case they default, after the government brings in a new law aimed at bringing in more accountability and transparency in land and home transactions. The Real Estate (Regulation and Development) Bill, 2011, which is expected to be tabled in Parliament during the upcoming winter session, will also pave the way for the setting up of the Real Estate Regulatory Authority, an industry watchdog that will keep a lease on land sharks and fly-by-night operators. Union minister for housing and urban poverty alleviation, Kumari Selja, on Friday unveiled a new draft bill for public consultation. The draft has also recommended that builders set up a separate escrow account to compulsorily deposit 70% of the funds received from buyers and to ensure that these funds are used for that real estate project only. An earlier draft had proposed that the developers wo...

     The proposed Real Estate Regulation Bill will bring more transparency into real estate industry and from a buyer's or investor's point of view, it provides for sufficient safeguards. Disclosure of detailed information about projects will create awareness and curtail pre-launch hoopla.      The draft proposes a two-tier grievance red-ressal system, a state regulator and an appellate tribunal at the Centre. At present, the only option open to buyers is to move the civil courts, a time consuming process.      However, builders say the bill does not provide any protection to them in case buyers default or create unnecessary litigations in a court of law. So, the central-level regulatory authority should have an arbitrator's power and a stakeholder should first approach this authority before going for any litigation against anyone, real estate developers and builders say.      The bill is set to be brought before Parliamen...