Indian Real Estate Market

From being just a suburb on the outskirts of Delhi to the miraculous ‘Millennium City’ , Gurgaon is today regarded as a city of opportunities and r eal estate investments in I ndia. Gurgaon houses a large number of Fortune 500 companies, making it a financial, outsourcing and commercial hub. This exponential growth in its commercial and industrial profile has led to an ever increasing demand for world standard housing, gated communities and apartment complexes, cutting across all segments of income level.  The burgeoning demand and the robust nature of development, especially residential, have fueled the need for a dynamic exercise on its master plan. The Gurgaon Master Plan-2021, unveiled by the government in 2007, was a step in that direction.  The major infrastructural projects unveiled in the master plan were the Southern Peripheral Road (SPR) and the Northern Peripheral Road (NPR); the focus of the master plan is on the development of new sectors, which are c...

Residential real estate in Gurgaon has seen a price appreciation of over 25%, the fastest surge in the Indian Real Estate Market, in the last one year. Gurgaon is registering the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new projects after prices here shot up by as much as 25% in the last one year. Recently, well-established realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore launched their projects in Gurgaon. This has further infused the competition in the sector in the region. A large number of white-collar jobs have been created in Gurgaon after it emerged as a hub for IT and IT-enabled services in northern India. Also, owing to its proximity to the national capital Delhi, several Fortune 500 firms opened their offices here, employing hundreds of high-income professionals. And with Delhi already overcrowded, these people tend to buy houses in Gurgaon itself. But, th...

A report says that the NCR 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 space by 2013. With rising demand in residential, office, retail, and hospitality sectors, Gurgaon tops the demand charts. Forthcoming world-class projects, proximity and good connectivity to Delhi are a few factors driving these figures. Due to a lack of infrastructure and the surge in prices of available land in other parts of the NCR, Gurgaon and Noida are at the fore in catering to the demand for affordable and  luxury housing . In fact, for the sheer volume of residential units launched in these places, the NCR has a higher number of units compared to the other five metropolitan cities like Mumbai, Chennai, Bangalore, Kolkata and Hyderabad put together. According to a report released by Knight Frank India, nearly 86,000 residential units entered the market in financial year 2011-12. The developers and promoters were able ...

Real estate continues to be one of the most vibrant and profitable avenues to invest in the country. In almost all the markets, prices of residential real estate have appreciated in the last one year and real estate continues to be one of the most vibrant and profitable avenues to invest. Anuj Puri, the chairman and country head of global consultancy firm Jones Lang LaSalle India, says that investment in residential projects is currently the preferred route for investors, since the demand for homes in the metros and Tier II cities is virtually limitless. Commercial and retail spaces also present potentially lucrative investment propositions, especially in the larger cities, he says.  Belying the general perception of slowdown in the sector and economy, realty consultancy firm DTZ in a report says that India has seen a commercial investment transaction swell by over 600% in the fourth quarter (October-December 2011), as against the third quarter.  In almost all the markets, pr...

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...

Dwarka Expressway , Dwarka-Gurgaon Link Expressway , Dwarka-Manesar Expressway , Northern Peripheral Expressway (NPR) ; all these seem different but are the name of the same much awaited project, which will give a new shape to infrastructure in Gurgaon . No need to say what Dwarka Expressway mean to Gurgaon, the residents, the investors as well as the Realty Market . Everyone is waiting for this project..... Come lets see, what Times of India, one of the leading newspapers of India has to say about it.... READER FRIENDLY VERSION OF THE ABOVE ARTICLE Dwarka-Gurgaon link expressway (Northern Peripheral Road or NPR) , which is under construction, has becomes the talk of the town. The 150-metre-wide and 18km-long expressway is likely to be completed within 18 months, by October 2012. Indiabulls has bagged the contract for this project costing Rs 43.32 crore.         The NPR has become an USP for over two dozen builders, who have projects l...

Even during the current slowdown in the global economy, investing in real estate will continue to provide positive net return, which is higher than inflation in the medium and long term. Despite the global economic slowdown, demand for the housing sector will remain strong in the country. The global economic slowdown will have a positive or negative impact on Indian real estate sector. CEO of Global Realty CB Richard Ellis, said that as a whole, because the domestic market driven by demand, the recent developments in the international level will offer good opportunities for buyers to fulfill their aspirations of owning a house. Despite the marginal slowdown in the Indian economy, which is expected to grow at a healthy rate of 7.5%, which not only reduce the impact of the global slowdown but also make it a destination of investment attractions in the world, along with China.   Anuj Puri, Chairman and Country Head of Jones Lang LaSalle India, says midincome residential real estate...

You must have heard much more about Dwarka Expresssway , its benefits and all from various people as well as realtors about investing in projects on it. Come lets see, what media says about it... Here is a report from one of the leading newspapers of India -

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