Owner: Property Samachar - Indian Realty News URL:http://www.propertysamachar.com Join Date: Sun, 23 Sep 2007 14:34:36 -0500 Rating:0 Site Description: This blog is dedicated to bringing to people the knowledge about what is going on with the Indian Real Estate Market, the property trends in various regions of India and to introduce people to various realty tools to enable better decision making. Site statistics:Click here
Office Property Trends in Delhi NCR - September 2007 2007-09-23 13:40:29 In their report titled “Office Snapshot New Delhi”, Cushman & Wakefield suggest that limited availability of office space in suburban New Delhi has led to peripheral locations (Greater Noida, Manesar and Faridabad) gearing up to exploit the need for office and IT space in the city.
Their outlook is that by quarter one of 2008, there will be substantial supply from the suburban locations resulting in lesser interest in peripheral locations, unless corporates are considering campus developments.
(Source: Cushman & Wakefield)
As you can see from the data above that all the regions are classified as “Rising Markets”.
Technorati tags: Office Property Trends
New Delhi NCR Read more:September
Residential Market Summary for Delhi NCR - September 2007 2007-09-23 13:25:16 In their report titled “Residential Snapshot New Delhi”, Cushman & Wakefield have suggested sluggish purchase activity (especially in NCR suburbs). Central and South West Delhi still show stable purchase activity.
Even in this time of slowdown, there are about 2600 new apartments which will be launched in 2-3 years in Ghaziabad, Noida, Greater Noida and Gurgaon.
Gurgaon has seen negative growth in the last six months and is quoted as a falling market area.
(Source: Cushman & Wakefield)
Technorati tags: Delhi NCR, Residential Market
Trends, Gurgaon, Noida, Delhi Read more:September
, Summary
The changing face of real estate business 2007-08-25 08:08:22 Realty had focused primarily on old and proven methods of selling house but of late the trends are changing.
Internet is assuming a very major role in the real estate business. Sites with property listings are springing up everywhere. Integration of maps, videos, 3D-floor plans, virtual tours and virtual walk-through has made it possible for people to know details much before they even decide tom go and have a site tour. Blogs with focused information on future of real estate, NRI real estate and live TV are providing tons of information for users to make a smart decision.
Zillow’s zestimate allows one to go to any area and find out the base price of a home there. This information is very critical as it allows you to not get fooled by any price the agent throws at you.
Trulia’s price and popularity heat trends help you monitor which area are good to invest in and which are within your budget.
People are using innovative marketing strategies to get buyers and leads. The
Tier II and Tier III Cities to Invest in India 2007-09-28 14:50:24 Following are the tier II and III upcoming cities to invest in India
property:
View Larger Map
Technorati tags: Tier II Cities
, Tier III Cities, India Property, Google Maps
Seven India Realty Stocks that Have Performed Beyond Belief 2007-09-28 13:18:52 Moneycontrol has list of seven India
realty stocks which have rocked and outperformed the sensex biggies like Infosys, ICICI, ONGC and Reliance. Here is a the list:
Market Price (RS)
Market Cap (Crore)
Companies
22 Nov. 2002
22 Nov. 2006
%change
22 Nov. 2002
22 Nov. 2006
%Change
Unitech
0.7
510.0
74,900.0
55.0
41,397.0
75,167.3
Arrow Webtex
1.4
599.8
44,325.9
0.7
180.0
24,900.0
BF utilities
7.0
2,933.0
41,799.3
26.0
11,045.0
42,380.8
Ansal Properties
3.3
985.7
29,500.6
11.6
3,450.0
29,615.8
Dawn mills
100.1
11,763.5
11,657.6
2.4
294.0
12,252.9
Lok Housing
4.3
335.4
7,791.8
5.1
382.0
7,346.4
Ansal Buildwell
3.3
235.2
7,136.9
2.1
173.6
8,087.7
Prices are adjusted for rights, bonus and splits
Source (moneycontrol)
Technorati tags: Indian RealtyStocks
, Unitech, Arrow Webtex, BF Utilities, Ansal, Dawn mills, Lok housing, Ansal Buildwell
Read more:Seven
India’s Real Estate Potential 2007-09-28 13:08:33 Current real estate market size in India
is estimated to be $12 billion (2004-05). the expected growth rate for this market is 33% to reach $50 billion by 2010. Indian real estate does not have any direct exposure to the US subprime credit market.
Segment wise growth in the next five years:
Office space: 5 times increase in office space in the next 5 years
Retail: 200 million sq. ft. for organized retail by 2010
Hotels: over 50,000 new hotel rooms to be added in the next 5 years.
Residential : Current shortage seen at approximately 19.8 million housing units
Source (moneycontrol)
Technorati tags: subprime crisis, India Real Estate
, Office Space, Retail, Hotels
Read more:Potential
, Real Estate
The changing face of real estate advertising 2007-09-26 14:08:05 In his real estate blog 1000wattblog.com, Davison discusses how the real estate advertisements have not evolved over the years and are bandly in need of re-branding and change is something which real estate needs.
In a reaction to his article, the author of Future of Real Estate Marketing says:
Real estate ads have become so generic they?re forgettable. Same boring messages. Same boring situations.
I totally believe this is true and people need to take upon themselves to bring in the change.
What is needed is better understanding of consumers and coming up with creative ideas on pushing things through.
Technorati tags: real estate advertisement
Hinduja Group in JV with Dubai World in medicare realty business 2007-09-25 13:12:39 Hinduja group firm Hinduja TMT has formed a joint venture with Limitless, the real estate subsidiary of DubaiWorld
, to enter medicare realty business.
The focus will be on complete range of healthcare services, including hospital services.
Source (Economic Times)
Technorati tags: Hinduja, HTML Ear Ring, Dubai World, Limitless, Healthcare real estate
Read more:Group
Wyndham to open Days Inn and Super 8 hotels in India 2007-09-25 12:33:44 Wyndham Hotel Group International plans to open 50 hotels across its various brands in India
by the year 2011.
It has tied up with Gammon India (a construction company) to open 38 hotels across the economy brands - Super
8 and Days Inn. It also plans to open 30 hotels under its Ramada band by 2011, 10 of which will be developed and managed by the Bangalore based Royal Orchids Hotel (ROHL).
Wyndham expect 60% of its growth from Asia and Middle East in the near future.
Wyndham feels that India is ready for their luxury brand which will be launched next year.
Source(Economic Times)
Technorati tags: Wyndham Hotels in India, ROHL, Gammon, Days Inn, Super 8
India New Office Market Trends 2007-09-23 23:09:01 According to Knight Frank, the India
n office market continues to be driven fro the thriving IT/ITeS sector. Here are their strength rankings for major cities in Asia-Pacific:
Strength rankings1. Mumbai2. New Delhi3. Shanghai4. Singapore5. Hong Kong6. Bangkok7. Sydney8. Melbourne9. Guangzhou10. Jakarta11. Beijing(Strength rankings are based on 22 separate economic, demographic and property variables.)
(more…)
Read more:Market
, Trends
Real Estate to Witness Impressive Growth 2007-09-23 22:28:34 Real Estate
sector is set for an impressive growth due to India having a shortfall of 24.7 million housing units.
According to HDFC’s Chief Financial Officer Keyur Shah:
Affordability has gone up and the tendency to have a second-home among the youth are contributing to the spurt in demand
Real estate consultancy firm Knight Frank’s chairman Pranay Vakil said :
Real estate sector was growing at such a rapid pace that it might lead to shortage of workers at the ground level … With the growth of the knowledge sector, the office sector will grow. The housing sector will continue to witness growth as long as mortgage finance rates remain stable
Source (Economic Times)
Technorati tags: India Real Estate
to WitnessImpressiveGrowth
Real Estate Growth in India to be Fueled by Smaller Cities 2007-09-23 22:19:45 According to the India
n Real Estate
Report, 2007: Growth
& New Destinations’, prepared jointly by FICCI and Ernst & Young.
The Indian real estate has been growing at over 30% per annum for the last five years. ?The order of growth is shifting the focus of investors and developers to relatively smaller cities and hence there is a likelihood of such emerging cities, leading the transformation of the Indian real estate sector?
Ernst and Young have classified Indian cities as tier I, II and III.
According to the report, besides eight metros, 11 tier II cities such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam Jaipur, Thiruvananthapuram, Kochi, Nashik, Indore and Ludhiana are going through rapid growth but are still in initial phase of the growth.
These tier II cities have been given a rating of B++. Delhi and Mumbai rank top two with A++ ratings, followed by Bangalore, Chennai, Hyderabad, Kolkatta (A+ rating) and Pune and Ahmedabad (A rating).
Technorati tags Read more:Cities
, Real Estate
Malls in India go Wi-fi 2007-10-04 01:18:48 Malls in Bangalore, Mumbai and Ahmedabad have gone wi-fi to ensure students and executives spend more time in the mall. More the time spent, more the purchase.
Inorbit Mall and Infinity Mall in Mumbai; Forum mall in Bangalore; Iscon Mega Mall, Himalaya Mall, Gallops have taken the wi-fi plunge already and many more are in queue.
Considering the infrastructure cost to wi-fi enable a mall may range from Rs. 25,000 to Rs. 1,00,000, it is a costly affair but for now the mall owners are planning to bear it and may be later on charge for the usage.
Technorati tags: Inorbit Mall and Infinity Mall Mumbai, Forum mall Bangalore, Iscon Mega Mall, Himalaya Mall, Gallops Ahmedabad, Malls wifi
Read more:India
Revised Rent Law to Address Landlord Concerns 2007-10-04 01:09:22 Government of India is planning on bringing modified rent control norms in favor of the landlords to address their following concerns:
forceful occupation of the property by tenants
provision to revise the rent as per the market situation after certain time period
The new model will set a “standard rate” which would be the floor rate for a particular area.
The central government has instructed the state government of Karnataka, Maharashtra, Andhra Pradesh, Kerala and Delhi to put in place the new model.
Source (Economic Times)
Technorati tags: Rent Law, standard rate, revised rent law India
Read more:Address
, Landlord
Top 10 Integrated Townships destination cities in India 2007-10-14 09:04:04 Business Today has published an article on the future cities of India
in which they mention that integrated townships could be the answer to India’s urban problems.
(Fig: Magarpatta in Pune, source: magarpattacity.com)
The top 10 integrated township destination cities of India are:
Bangalore
Delhi-NCR
Mumbai
Lucknow
Kolkata
Jaipur
Chandigarh
Chennai
Pune
Panipat
Besides the usual metro cities there are small cities which also show up on that list.
Technorati tags: Integrated
Townships India, Top 10 ITs destinations
Festival deals from property developers 2007-10-14 03:58:15 Diwali and Navaratra festivals are attracting lot of deals from several property
builders across India.
Some deals being offered in Mumbai:
Mantri group and Nirmal Lifestyles are offering a waiver on stamp duty and registration fee of the property (around 4% of the total property value).
Runwal Group and Akruit Nirman are offering special rates and incentives like shopping vouchers, lucky draws etc.
Royal Palms is offering a buyback of flats three years later at the ten market price. This “property buyback offer”, gives every buyer 100% of the cost paid for the property after three years of purchase but buyer has to sign the contract at the time of purchase itself.
Some other deals:
SVP group is giving 2% discount from Dussera to Diwali.
Eros group is offering 21% discount if customers book their projects on down payment.
Raheja Developers are offering property at Rs 2,275 per sq. ft (down Rs 100) in Manesar.
Mapsko is offering 10% discount plus surprise gift in Sonepat Read more:Festival
Getting good response for India property shows in US 2007-10-13 23:34:24 Rs 25 crore sales, yes that is the amount of spot sales which property
developers recently got during the 2 day property show held in Eddison, Dallas and Sunnyvale by Chennai-based Priya Publications. This show focused on residential properties.
Bangalore topped the list of destinations to invest followed by Chennai, Hyderabad, Mumbai, Pune, Delhi, Gurgaon, Goa and Nagpur.
Technorati tags: India
Property Show
Property Samachar Launches India Property Directory 2007-10-13 22:28:56 Indian Real Estate market is still very unorganized and not everyone has taken to the web, but the numbers are increasing.
We at Property Samachar wanted to provide a repository of real estate sites in India and felt a nice and easy to use property directory will be a good step in that direction.
We have launched the India Property Directory
where people are encouraged to submit their sites in relevant category. Click on the relevant category on this page India Property Directory and then scroll down to the bottom. You will find a link “Insert your link here”, click that and submit your site.
We have decided to start with the following set of categories :
India Property Sitesproperty sites in India
India Property Developers / Buildersproperty developers in India
India Property Blogs / NewsProperty blogs and news sites in India
Indian Property Agents / BrokersProperty brokers and agents in India
Property ManagementProperty management companies in India
India Property S Read more:India
Indian cities featuring in the top 100 world’s fastest growing cities 2007-10-23 06:41:12 As per International Institute for Environment and Development (IIED) paper which draws on the latest urban data from the UN’s Population Division, following are the 11 Indian cities which feature in the list of 100 world’s fastest growing cities:
Faridabad
Durg-Bhilainagar in Chhattisgarh (7th ranked)
Ghaziabad
Chandigarh
Guwahati
Dhanbad
Bhopal
Aurangabad
Vizag
Surat
Asansol
Europe which used to have majority of cities in the list now has none in the top 100. Africa has 25 of the world’s fastest growing cities.
Source: (http://www.iied.org/mediaroom/releases/071022urbantrends.html and TOI)
Technorati tags: IIED, International Institute for Environment and Development, Indian cities in top 100 world’s fastest growing cities
Read more:featuring
The Retreat : an exclusive residential enclave in Devanahalli, Bangalore 2007-10-27 09:05:51 Spread over 40 acres of land, the Retreat combines landscape, luxury and lifestyle in a secure and self-contained environment. It is fully gated community, self-sufficient community. All construction conforms to Vaastu.
It is developed by Sri Satya Sai Constructions, an associate company of Srinivasa Shipping and Property Development who have been developing residential
and commercial properties since 1990.
(more…)
Read more:Bangalore
Collection of architectural designs by top Indian Architects 2007-10-31 08:41:49
Proposed 36 Storey Business Park, (VUDA) Visakapattinam by OCI Architects
.
Star Temple, BHIWANI by Semac India Pvt. Ltd.
Continental Hospital, Dhaka Bangladesh by C.P. Kukreja and Associates
Securites & Exchange Board Of India-BKC,Mumbai by Hafeez Contractor
U.B.Group-Bangalore
by Hafeez Contractor
Proposed Corporate office by
OCI Architects.
Suryavardhan Mall, Chennai (Under Construction) by
OCI Architects.
Technorati tags: Hafeez Contractor, OCI Architects, Semac India Pvt. Ltd., star Temple, Indian Architects, Best Indian Architects
Read more:architectural
Top Builders in Bangalore 2007-10-30 23:19:35 Here is a list of some of the good builders in Bangalore
:
Sobha Developers
URL: http://www.sobhadevelopers.com
Mantri Group
URL: http://www.mantri.info
SJR Group
URL: http://www.sjrgroup.com
Prestige Group
URL: http://www.prestigeconstructions.com
Puravankara GroupURL: http://www.puravankara.com
Brigade GroupURL: http://www.brigadegroup.com
Salarpuria GroupURL: http://www.salarpuriagroup.biz
India Builders
Corporation (IBC) Group
URL: http://www.indiabuildersco.com
Adarsh GroupURL: http://www.adarshdevelopers.com
RMZ Corp
URL: http://www.rmzcorp.com
Technorati tags: Top Builders Bangalore, Best builders in Bangalore, property developers Bangalore
Top 10 most expensive cities in the world to setup office in 2007-11-23 11:04:21 Office prices are touching the sky and there are two Indian cities featuring in the list of top 10 most expensive places to setupoffice
in. Here is the list with rental rates in USD/sq. ft.)
London (West End) : 329
Mumbai : 190
London (City) : 181
Moscow : 181
Tokyo (Inner Central) : 179
Tokyo (Outer Central) : 154
Paris : 127
New Delhi : 127
Dublin : 114
Hong Kong : 106
Source: (CBRE Half Yearly Survey on global rates)
Technorati tags: most expensive cities for office
Mantri Developers in advanced stages of negotiations with Hyatt 2007-11-23 10:39:30
Mantri Developers
is planning to enter the hospitality sector with a bang and is said to be in advanced stages of negotiations with Hyatt
for three hotel properties in south India.
Sushil Mantri, MD Mantri Developers said:
As part of our hospitality foray we intend to have six hotels operational, in the four-star and five-star categories, by 2010. To start with we will construct hotels in Bangalore and Hyderabad. Each would be 200-room plus luxury hotel. We are to rope in a hospitality partner shortly.
Technorati tags: Manrti Developers, Sushil Mantri, Hyatt, Bangalore Hotel
Strong Real Estate Demand in India 2007-12-18 11:23:02 According to Cushman & Wakefield, the total real estate demand over the next five years from 2007 is expected to grow to approximately 1900 million sq. ft. across the commercial, retail, residential and hospitality segments. The bulk of the requirement being in residential segment.
Here is a detail breakup:
Type
Requirements (million sq. ft.)
Residential
1400
Commercial Office Space
265
Hospitality
110
Retail
110
Technorati tags: Real EstateIndia
, Residential Property Demand, commercial office space, hospitality India, retail India, Cushman & Wakefield
Read more:Strong
Real Estate Prices Showing Downwards Trend 2008-02-28 04:28:09 In th February 24, 2008 issue of Business Today, there was an article on how real estate prices seem to be correcting and showing a downwards trend.
Mumbai: prices seem to be steady but the property registrations dropped by 8%
Delhi: prices down by 5-10 % in NCR
Hyderabad: prices down 5-10 %
Bangalore: prices down 5-10 %
Chennai [...] Read more:Estate
, Prices
, Real Estate
Real Estate Price Fall by 15-20% in Q1 2008 2008-05-13 09:16:20 The residential real estate market all across the country has witnessed a revision in price in the first quarter of 2008. The prices have come down by 15-20%.
Here are some trends (city and area wise):
Gurgaon: 15% decrease in prices of plots
Noida: 20% dip in plot prices
Delhi: Friend’s Colony, GK I and II and Hauz Khas [...] Read more:Estate
, Real Estate
Lehman Realty Assets in India 2008-09-19 08:58:01 Recent collapse of Lehman
has the Department of Industrial Policy and Promotion (DIPP) and the Reserve Bank (RBI) meeting soon to discuss the situation.
Lehman has $500 million investment in India
n real estate projects. Lehman invested $200 million last year in DLF promoter group company DLF Assets
. It has also invested $80 million in Bangalore [...] Read more:Realty
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