Sterling Urban Developments, a joint venture floated by HDFC Property Fund (a subsidiary of Housing Development Finance Corporation) with Bangalore based Sterling Developers, will take up development of 150 acres at Bangalore's Whitefield suburb at a cost of Rs 4,000 crore. The project, 'Sterling Villa Grande', will see a total built-up area of 20 million square feet to be executed in phases.

HERE ARE SOME TIPS ON HOW TO NEGOTIATE A PROPERTY DEAL WITH YOUR AGENT

Don't reveal your emotions: Be polite, but if you let the seller know what you are really thinking, it doesn't matter what you do -- he knows he's got you hooked.

Be a "loan approved" buyer: A pre-approved buyer is almost as strong as a cash buyer. "If you are certain of your ability to obtain the necessary financing, you may even want to remove all financing contingencies except appraisal so that you are exactly like a cash buyer," says broker Vikram Chopra.

Offer the seller a higher deposit: Sometimes, deals are done on the basis of upfront deposits that show a genuine willingness on the part of the buyer. But don't overdo it-the idea is to get a fair deal, not a desperate one.

Be flexible about dates: When the seller wants more or less time on a closure, if you give him what he needs, you can almost always assure yourself of some price concession. You may even offer to close the deal and allow the seller to "lease back" the property from you for a short time if that improves the elbow room for the deal, says Rajeev Agnihotri, senior business analyst at zameen-zaidad.com

Hide your closing costs: Though this does not necessarily work every time, sometimes a seller who feels he has received his "selling price" may agree to pay some of the buyer's closing costs as part of the transaction

Ask for seller concessions: From free appliances or add-ons like carpets, or a paint allowance that decreases service costs, you get yourself something in addition to the negotiated price

Courtesy:- HT dtd.05-05-08

TDI Hotels and Resorts Ltd., a group company of TDI Infrastructure Ltd, signed an Operating, Marketing and Technical Services Agreement with Fortune Park Hotels Ltd, a subsidiary of ITC Ltd, in a glittering ceremony at ITC, Maurya, in New Delhi today . The agreement was signed by Ravinder Taneja, Vice Chairman, TDI Infrastructure Ltd and Pawan Verma, Senior Executive Vice President (Operations), ITC Ltd (Hotels Division). The 100 room hotel, ‘Fortune Select Hotel', is to come up near the TDI Kundli Township, in Sonepat District on NH 1. The hotel would commence operations in 24 months and will serve the needs of NCR and the KundliSonepat belt. This is the first of the many hotels, TDI Hotels and Resorts are going to build in their various townships.

Courtesy:- HT dtd.03-05-08

WITH REALTY PRICES TOUCHING THE ROOF IN ALMOST EVERY METRO, THOSE ASPIRING TO PURCHASE PROPERTY HAVE ONLY ONE OPTION - TO INVEST IN TIER III TOWNS WHERE THE COST DOES NOT PINCH

With development taking place all over India and a high price index to match, people are finding it difficult to buy property that suits their budget. Property in Tier I cities is beyond a buyers' reach. The only choice then left is to consider Tier III cities where real estate prices are still affordable and the prospects of appreciation are high.

At present, Tier III cities are believed to offer a cost advantage of 15-30 percent over Tier I and II cities. Of the leading Tier III cities, the townships that are likely to see huge growth in the coming years include Dharuhera, Zirakpur, Moradabad, Rishikesh, Haridwar, Vrindavan, Mathura and Yamuna Nagar.

Investors are condsdering Tier III cities as a viable business option. Realty surveys indicate that the growth of these cities will soon grab the attention of technology sector players as well. Ahmedabad, Chandigarh, Indore, Kolkata and Nagpur are some Tier III cities which are best positioned to emerge as major IT centres for offshore activities over the next five years, according to a recent Jones Lang LaSalle report titled 'India The Next IT Offshoring Location. Tier III Cities'. Here's a brief look at these townships.

                                                                                                                                                    Courtesy: HT. dtd- 26-04-08

Dharuhera: Located on NH-8 and close to places such as Rewari and Bawal, Dharuhera is poised to witness a lot of activity over the next few years. (One of the reasons for the rise of Bawal was to end the congestion in industrial areas like Gurgaon and Faridabad). Despite the opening up of industries worth Rs. 3000 crores in Bawal, a car plant of Honda Sel in Khuskhera, the Kundli-Manesar-Palwal (KMP) Expressway, a SEZ (Reliance), the Japanese corridor, a railway corridor etc, prices here hover between Rs. 8,000 per sq. yd. and Rs. 14,000 per sq yard. On the outskirts of Dharuhera towards Jaipur prices are Rs. 6,000 per sq. yd.

                                                                                                                    Courtesy: HT. dtd- 26-04-08

Zirakpur: Following in Gurgaon's footsteps, this township is strategically located on the main highways: Chandigarh-Ambala and Zirakpur-Patiala. The Punjab Urban Planning & Development Authority (PUDA) has recently passed the Zirakpur Master Plan and this has attracted developers to the area. Real estate companies like Paras Buildtech, Jaipuria, Pearls Infrastructure, Silvercity, Emgreen, Opera, Orbit are developing their projects in the area. Prices in Zirakpur hover around Rs. 2200 per sq.ft.

                                                                                                  Courtesy: HT. dtd- 26-04-08

Mumbai: Realty Company Mantri Realty is betting big on south India and plans to foray into Chennai in Tamil Nadu and Belgaum in Karnataka with high- end residential townships. “We foresee a tremendous potential in Chennai in Tamil Nadu and Beglaum is just beginning to take- off. We are very bullish on both these new

Destination, “told the Mumbai- based company’s Chairman Sunil Mantri.

The company, which has committed and investment of Rs 1, 700 crore over the next three years in the south, is already present in a big way in Karnataka and Andhra  Pradesh with a land- bank of 600 acres and 100 acres respectively. “We are also contemplating building an IT SEZ over 25 acres in on of the campuses, “ Mantri said.

                                                                                                                                                                                        E.T 31-03-2008

RIDING HIGH ON THE SURGING ECONOMIC ACTIVITY, INCREASING DISPOSABLE INCOME AND GROWING ASPIRATION FOR MODERN LIVING, LUCKNOW IS BRACING FOR BIG TIME REAL ESTATE GROWTH

Lucknow, the city of nawabi culture, which has witnessed one of the highest growth rates in per capita GDP among similar cities in the country, has today grown into a bustling metropolis. Riding high on the surging economic activity, increasing disposable income and growing aspiration for modern living, Lucknow is bracing for big time real estate growth.

The current boom in the real estate is clearly visible from the residential and commercial development spreading out of traditional areas like Hazratganj to newer, emerging growth-centres like Gomti Nagar, Janakipuram, Mahanagar and suburbs. And, additionally, real estate development has assumed significant proportions along various highways which connect Lucknow to other important destinations like Kanpur, Rai Bareilly, Sitapur, Faizabad, among others.

  This all-round real estate growth is also marked by the entry of big national players. The scale of development can be gauged from the fact that around 100 local and outside developers are active in Lucknow, and around 10,000 dwelling units and over half a dozen shopping malls are in the pipeline, besides three operational malls.

Riding the property boom, the real estate in Lucknow has witnessed substantial price appreciation in the last 3-4 years. During the last four years, land prices have gone up 100-300% while the finished products have seen 100% price-increase, from Rs 1,100 per sq ft to Rs 2,200 per sq ft. Even the government agencies like Uttar Pradesh Housing Development Board (UPHDB) have increased housing prices by over 80% in the last five years. The residential developments by private developers have seen even bigger appreciation. With the ongoing boom, the residential prices range between Rs 1,500 per sq ft and 2,700 per sq ft. The retail real estate rental value is in the range of Rs 70-180/sq ft/month while the capital value varies between Rs 6,000/sq ft and Rs 20,000/sq ft. The commercial office rental value in Lucknow is Rs 30/sq ft/month and Rs/sq ft/month.

  There are several factors responsible for propelling the boom in Lucknow. Being an educational and economic hub, Lucknow also enjoys the advantage of a capital city of a state - India's largest state (UP) to boot. It has excellent air and rail connectivity. The construction of Lucknow bypass and Lucknow-Kanpur Expressway will considerably improve its connectivity with major centres like Kanpur, Rai Bareilly, Sitapur, Sultanpur.

The city's good infrastructure will get a further fillip with central government plan outlay under Urban Renewal Mission. A number of infrastructural improvements including Metro/Monorail are planned. Arindam Kumar Bardhan, GM (Marketing), Mapsko Group, says that taking advantage of the good infrastructural development and friendly policies of land development authority, leading developers have been able to build megatownships and malls that have contributed to the transformation real estate sector in Lucknow.

  With these growth drivers, newer areas of development have emerged in Lucknow. According to Trammel Crow Meghraj, Gomati Nagar has come up in a big way for retailing, offices and residential development, while Sapru Marg, adjoining Hazratganj, is coming up well for commercial activities. Main growth corridors for office segment are along Gomati Nagar and Ashok Marg covering Malviya Marg, Rana Pratap Marg, Park Road and Sapru Marg.

                                                                                                                                        Courtesy ET Friday 14-03-08

The residential real estate scene in Lucknow has undergone marked change in the recent years with frenetic developments in city and suburban areas like Mall Avenue, Civil Lines, Hazratganj, New Hyderabad, Janakipuram, Indira Nagar and Gomati Nagar. From group housing to bungalows, villas, condominiums, penthouses, high-end luxury apartments and townships, Lucknow is witnessing a new trend in lifestyle living. According to industry estimates, as many as 10,000 housing units are under development in Lucknow.

  Real estate developers have taken the apartment culture to Lucknoow and are developing group-housing projects in the city. Today, the apartment culture has become an integral part of city's residential real estate.

Luxury living has also caught on in Lucknow, in a big way. In fact, all leading national developers now active in Lucknow are busy developing luxury apartments, including penthouses.

Besides apartments, the integrated township concept has also dawned in the city, in a big way, with many big players busy developing mega-townships. "Today, there is a good demand for quality housing in Lucknow, which boasts of excellent infrastructure, international-standard yet affordable residential developments. As such, all developers are clocking good sales. Apart from apartments, there is a huge demand for residential plots which offer a good investment opportunity", says Suryavir Singh of Sahara Group.

                                                                                                                                                                      Courtesy ET Friday 14-03-08

Speaking about commercial projects, Sandeep Goel, MD, MSX Developers Pvt Ltd, says: "In view of the growing demand for good quality commercial space by the banks, insurance and telecom companies, financial institutions and corporate houses, the commercial real estate scene in Lucknow is revving up. The commercial developments are now spreading out to new growth corridors like Gomti Nagar, Malviya Nagar, Park Road, Mahanagar - and not just that, more and more Agrade office buildings are being developed."

However, R Mahendra, a leading real estate consultant specializing in corporate leasing blames lopsided policies of government agencies, which have been neglecting good commercial office developments at the cost of massive residential development. "For commercial office properties, the demand far exceeds supply, as good, legally sound properties are difficult to get," he says.

  Retail 

The retail scene in Lucknow that has been largely unorganized and confined to locations like Hazratganj, Janpath, Aminabad and Kaporthala has undergone a transformation with the emergence of mall-culture, leading to organized retailing. While Hazratganj continues to be a top high-street of Lucknow, places like Gomti Nagar and Saharaganj have emerged as the new hotspots for shopping malls.

  Avneesh Sood, director, Eros Group is upbeat about the prospects of shopping malls. "The success of existing malls has proved that there is a huge scope for retail development with major brands expected to take a plunge," he says.

  The two premier government agencies - Uttar Pradesh Housing Development Board (UPHDB) and Lucknow Development Authority (LDA) are contributing significantly to the growth of real estate and infrastructure in Lucknow. Lucknow has traditionally been an end-user driven healthy real estate market with realistic pricing and realistic appreciation.

Suryavir Singh believes that the future has a positive outlook and prices will hold ground: "Though, with slow down, the spiraling rise in property prices has been arrested, yet the prices will not go down as the market is not overheated. Today, with stationary demand and investors withdrawing slowly, I see a moderate 10-15% product-related price hike."

                                                                                                                                                                                              Courtesy ET Friday 14-03-08

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2008 is going to be a successful year for Indian Real Estate Industry. According to industry body Assocham the Real Estate sector saw a 30-35 per cent 2007 growth in retail and 40-45 per cent in real estate sectors respectively. Predictions are that the boom will continue even in 2008.

The following figures were revealed in a report issued by Assocham. Organised and unorganised retail sizes in 2007 has been estimated at US$300 billion which is likely to grow to US$365 billion in 2008 and will further reach the size of US$440 billion by 2010. “Out of (India´s) retail industry, worth over US$300 billion, the organised retail segment is less than 5 per cent which works out to be slightly more than US$16 billion,” said Assocham President Venugopal Dhoot.

Also to be noticed are the growth rate fugures of 2007, in the year, the retail sector ended up with a growth of 25-28 per cent whereas the real estate industry saw a growth of 35-38 per cent, according to report. As predicted by Assocham, the organised retail segment should witness an additional investment of US$25-28 billion by 2008 and in 2010 the investment size would be around US$70 billion.

Organised retailers occupied a space of one million sq ft in 2002, which shot up to nearly 14 million sq ft in 2007. “In 2008, the space occupation in the organised retail sector is likely to be 16 million sq ft as retailers like Reliance, Plaza, DLF and even Aditya Birla Group will witness their major expansion drives in the retail sector,” said Mr Dhoot.

With respect to the real estate sector, the market-size is estimated at US$15 billion which has been growing at a pace of 35-38 per cent in the last couple of years and is likely to touch US$90 billion by 2015. As a result, huge investments are coming into the sector.

The year 2007 has been a record- breaking year for the Indian Real Estate Industry. The entire year witnessed immense boom in the sector overcoming all the predictions of possible realty doom.

Some of the stupendous real estate deals of the year included the sale of a 7,107 sq metre plot at the Bandra Kurla Complex belonging to the Mumbai Metropolitan Region Development Authority (MMRDA) for an astounding Rs 5.04 lakh per sqm, the highest bid for land anywhere in the country.

Also an apartment at Nariman Point attracting a Rs 97,842 per sq ft bid from a UK-based NRI proved to be an all-time high of sorts, besides reinforcing the popular sentiment that Mumbai holds the beacon on the real estate front.

The 9,178-acre township project ‘New Bangalore City’ at Bidadi, which realty major DLF bagged in consortium with the Dubai-based Limitless, turned out to be the highest and the single largest realty investment in the country so far. The project is expected to generate over Rs 50,000-crore value.

Not to forget the he realty score in the capital market. The market was on a high with the initial public offering of DLF raking in a record Rs 9,625 crore. A stunning number of township projects (totalling 210) were announced during the year, though some analysts say acreage was given the go by in the estimation.

IT sector was one of the major grosser with large volumes generated in IT office space. The residential segment too was closely IT-driven and reported robust growth. Non-IT commercial space too kept pace, more in line with the overall economic growth.

The year also saw a rising demand for quality manpower, and the salaries of civil engineers soared as also the need for their services.

Developers were on a roll, announcing plans to build in the next few years what they had been planning to build since their inception

Life Insurance Corporation of India (LIC), the largest insurance firm of the country revealed its plans to consolidate its real estate portfolio across the country. In an advertisement the company said that Expression of interest is being invited from professional consultancy organizations for consolidating our real estate portfolio.

The consultancy involves feasibility study, including techno-economic viability assessment of expected growth potential, and investment opportunities in sectors such as commercial, housing and retail for fresh acquisition, it said.

LIC is also planning to develop existing vacant plots and redevelop old properties besides making fresh acquisitions of land. The Insurance Firm is interested in acquiring properties in tier I and tier II cities for own use and for investment purposes. For development of unencumbered plots at places such as Kolkata, Jaipur, Chennai, Kanpur and Ahmedabad, some new locations might be added in future, the advertisement said. LIC had ventured into real estate business in 2005, in a bid to get more returns from its properties.

The last date for submission of bids is 25 January. LIC, which was formed in 1956 with the Union government contributing the capital, had valuation surplus of Rs15,127 crore for the year ended 2006-07. The state-run insurer has more than 2,040 branches and offices in Fiji, Mauritius and the UK.

With world-class expressways coming up and big industries setting up base their in the area, Palwal is all set to witness a massive industrial and residential boom in the times ahead. Here's an overview to the growth patterns

The national capital region might have become the zone of high-power investments but the Tier-II towns have increasingly become the focus areas of the housing sector. Real estate experts point out that a slight decrease in the real estate market in NCR is also due to the fact that investments and development have been scattered beyond NCR. And, Tier-II towns have massively taken away the share of investment from the NCR - the latest being Palwal, in Haryana.

HUDA has also shown keen interest in developing small Haryana towns. Realising the potential of Palwal, it had recently awarded the construction work of the 135 kmlong KMP Expressway around Palwal to D S Constructions, the company which built the Dhaula Kuan-Gurgaon Expressway. This KMP Expressway will touch Manesar, before terminating at Kundli, NH-1 (G T Road). The expressway is slated for completion by 2009. Another Eastern Peripheral Expressway is underway, which will connect Palwal to Kalindi bypass.

Rohtas Goel, CMD-Omaxe, says: "Palwal has a great potential for real estate development. It enjoys its own natural advantages. It is a key Haryana town situated on the strategic Delhi-Agra Highway, which also has a heavy tourist flow. The town is surrounded by some of the most significant expressways like KMP and Eastern Peripheral. Once completed, the town will also enjoy proximity with the Greater Noida airport. The future of Palwal is bright in every respect. There are also a lot of potential buyers for the projects. Then there is that added advantage offered by Faridabad City."

An Industrial Model Town (IMP) is also being developed by the Haryana State Industrial Development Corporation (HSIDC) where industries have started coming up.

Says Sameer Gogia, a local property consultant: "Rapid industrialisation is taking place in Palwal. As a result, there has been a sharp demand for housing here. Local industrialists prefer to stay here. Within the next four years, the area will witness a massive industrial and residential boom. The nearly fivelakh strong town is bound to attract heavy population influx in the times to come."

And most importantly, the Delhi Metro Rail Corporation (DMRC) has cleared the proposal of a metro line to Ballabgarh and land has already been acquired by HUDA for the purpose.

The area will further be beautified with the private mode of development. A world-class integrated township on over 150 acres is currently under construction by real estate major Omaxe, on the Delhi-Agra National Highway-2. The township named 'Omaxe City' will be a complete township within itself, having provisions for hospitals, commercial centres, clubs, nursery-, primary-, middle-, senior-secondary schools and other basic facilities. The real articulation of development is in the construction of a five star hotel by the SRS group on NH-2, about 14 km from Palwal towards Faridabad. The hotel is said to be the first one in the country to have its own helipad.

Anil Jindal of SRS Group says: "A lot of domestic and foreign tourists travel on the Delhi-Agra Highway. But, there are no good hotels in between. There was a need to offer a luxury hotel for the tourists." According to Jindal, the nearly 15-acres-hotel site is being developed in three phases. In the first phase, 5 acres is being undertaken and would be completed by 2010 Commonwealth Games.

Local dealers say that with giants like Omaxe stepping into private housing, other developers are likely to follow suit. Already, Piyush and Era have come up in the area.

Courtesy: ET, dtd: 09^th Nov. 2007

The once sleepy town of Gurgaon in Haryana has witnessed a real estate boom since the late 90's following liberalization of the Indian economy. Gurgaon, like Pune, Chennai, Hyderabad and Bangalore, attracts IT professionals in droves. Their salaries are comparable to the best in the world. The high disposable income in the hands of employees of the booming service sector in Gurgaon has led to tremendous spurt in demand for properties in Gurgaon both for commercial and residential use.

With a space crunch in national capital Delhi, MNCs plump for nearby Gurgaon and many have made it their corporate headquarters in the country, as it is just 10 km from the Indira Gandhi International airport.

Property in Gurgaon values have skyrocketed over the past decade due to this burgeoning demand. As a result, Gurgaon properties have drawn huge investments both from inland and overseas. The influx of funds has transformed this one-time village into a hi-tech city with multistoried malls and skyscrapers dotting the landscape.

The proposed expressway to Jaipur, metro rail connection to Delhi and the special economic zone to be developed by Reliance Industries has made Gurgaon apartments treasured possessions for builders and owners alike with the rush for bookings still on. All these have contributed to increased construction activity in Gurgaon properties.

Property in Gurgaon also attracts high rental values. Many residents of posh South Delhi areas buy apartments in Gurgaon while some have already shifted lock, stock and barrel there to escape Delhi's congestion and pollution. Those who sell apartments in Gurgaon these days get much higher returns than in the case of flats in other areas of the national capital region.

So, Gurgaon property owners are set to witness happy times. However, to keep the cash registers ringing, the city authorities will have to do their bit to check the rising crime graph and improve the power scenario.

The much awaited Gurgaon Master Plan 2021 is bringing high hopes for residents of the fast flourishing cyber city, Gurgaon. It paves the way for 14,930 hectares land for residential and 1,404 hectares of land for commercial development. This will undoubtedly be a step forward in the direction of real estate development in Gurgaon. Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down to 2,000 – 2,500 per sq ft. whereas they were earlier available for no less than Rs 2,700 per sq ft, says sources. Property rates in some newly developed sectors of Gurgaon will be at least 30-40% lower than in existing sectors.

So far, property developers were only concentrating their attention on high end housing. With availability of more land, they can focus on middle and lower segments as well. India’s shabby infrastructure is believed to be a major roadblock to woo potential foreign investors. Containing provisions for all, the New Gurgaon Master Plan will also help infrastructure to develop fast in most new sectors. It may take long time before the first project is on the track but demand is likely to shoot up. For that reason, it is difficult to estimate how prices will fall in sectors.

A number of locations have witnessed a correction in their secondary market prices in real estate Gurgaon.Property rates in Gurgaon-Sohna road have undergone a marked price correction of about 10% in the last six months. General buyers are eyeing the rates to come down further as the supply graph in Gurgaon real estate (residential & commercial) is going up in the newly demarcated sectors and as investors exit closer to the date of delivery of projects.

Property developers who have “land banks” are considered to emerge as major key players, and could be expected to launch projects within the next two to three months. The list includes the big names like DLF, Unitech, Pioneer Urban Land & Infrastructure, Vatika, Raheja, Vipul, and Emaar-MGF.

Adding to the Gurgaon real estate boom comes the new Gurgaon-Manesar Urban complex Plan 2021. It is known to be unique master plan for the region as it envisages keeping population density in the newly covered areas lower than in the old. The aim is to add to the green belt area, increase the residential units and commercial spaces in Gurgaon real estate, and bringing improvements in connectivity with neighboring Delhi.

Better known for its annual Suraj Kund Mela and perhaps the Badkhal Lake, Faridabad chose to step aside and allow neo-cities Noida and Gurgaon to hog the limelight in the last few years. Content with its status as an industrial and residential satellite town for those who could not afford Delhi land rates, Faridabad made no attempt to woo the IT and MNC s setting up base in its neighborhood.

Real estate in Faridabad has thrived in spite of this indifference. In fact, Faridabad is being touted as NCR’s hottest property as new areas of land and improved connectivity with other cities is being strengthened.

Enjoying the most advantageous location with Delhi, Faridabad is also very well connected to Gurgaon and Noida. A strong infrastructure package for the city includes the Taj Expressway, the proposed highway from Kalindi Kunj connecting all the new sectors in Faridabad to join Mathura Road, the Faridabad - Noida - Ghaziabad - Kundli Expressway, the KMP Expressway, and the Badarpur over bridge. And with the Metro link with Delhi in the pipeline, Faridabad is a sure bet., currently witnessing price escalation of land by as high as 100 per cent. In the last year, land prices in this satellite town have increased by more than 60 to 70%. In prime sectors like 15 and 16 land prices fetch Rs 20,000 to 22,000 per sq yard today.. In sectors 81 to 90, the prices have increased to Rs 9,000-Rs 10,000 per sq. yard.

Faridabad has a sizeable affluent and trendy population, notwithstanding the absence of the MNCs, which have been catalysts in the transformation of Gurgaon and Noida. The city is at par with other NCR cities with regard to quality of construction – BPTP Parklands, Omaxe and Era Infrastructure have ultra-modern residential projects coming up. Whilst Sectors 1-65 have been developed by HUDA, the new sectors from 66 to 91 are dominated by private builders.

Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township will integrate industrial, commercial and residential real estate.

Large commercial projects in the city include Eldeco’s and the city’s first theme mall “Station 1” in Sector12, based on a steam engine! Ansal and Crown Plaza are lavishly designed malls catering to children’s entertainment and hospitality. All signature brands and lifestyle products are on display. Mall Manhattan, a Parsvanth –Landmark Builders’ joint venture in Sector 20A is popular amongst shoppers.

So if you’re wondering where to put your money,real estate Faridabad has a   price advantage over other NCR cities, backed with growing infrastructure spell good returns in the near future.

Real estate NOIDA in the present times has emerged as one of the most enviable destination for property investors. Property in Noida qualifies for investing in a big way as also because of a pollution free and a highly supportive industrial environment with its unique infrastructure providing numerous and matchless facilities.

Commercial Property in Noida

Noida houses the head-office of the Software Technology Park (STP) while various automobile ancillary units with major car manufacturers have already started their operations. It is the operational hub for multinational firms outsourcing IT services.

NOIDA today exemplifies the concept of integrated township in its smooth and wide roads, uninterrupted power supply, clean and safe drinking water, and splendid residential complexes in a serene and peaceful environment.

Situated on Delhi's eastern periphery, Property in Ghaziabad is rapidly emerging as the residential nucleus for IT professionals working in NOIDA and Delhi property in India Ghaziabad is also gaining popularity owing to its proximity to the Commonwealth Games locations. Newsweek included Ghaziabad in its list of '10 Most Dynamic Cities' in the world and described it as ' India's hottest city' that "is emerging as the next popular address for Delhi-bound commuters". As affordable housing becomes the key to sales in a slowing market, key Delhi real estate developers have developed affordable residential properties in Ghaziabad along the NH-24, leading to Hapur, and along NH-58, leading to Meerut in Uttar Pradesh.

Ghaziabad's proximity to key business districts in Delhi makes it a good option for Delhi's residential real estate buyers. Large commercial developments in Noida and Greater Noida in the vicinity also adds to attraction for properties in Ghaziabad to Delhi Property buyers. Also on the cards is a 1500-acre township, a hi-tech city in Ghaziabad. The city has emerged as one of the best investment destinations for Delhi property buyers.Ghaziabad will also be connected by the proposed Metro line in Delhi Metro Rail Corporation's Phase II link from Anand Vihar to Vaishali at Kaushambi. The project is scheduled to be completed by September 2010. There is also a proposal to develop 14 flyovers which will help in reducing the traffic congestion, leading to an increase in real estate value in Delhi's suburb - Ghaziabad .

The capital values in Indirapuram in Ghaziabad in October were between Rs. 3,000–3,500/sq ft (builder flats) and Rs 2800-3000/sq ft (Cooperative housing societies) for the month of October. (Source: MagicBricks.com). In spite of a slowdown in the Delhi NCR residential real estate market, Ghaziabad's property values have held or have risen marginally between August and October. Anil Kumar Singh, a broker operating in Ghaziabad says attributes the escalation in values to the increase in demand, good location and the fact that since almost everything is sold out so its re-sale transactions. Proximity to Delhi along with good connectivity and transport links is also considered a big advantage

Zameen-zaidad.com, a world class Real Estate Portal system enables local dealers, developers, buyers, sellers, owners and tenants to build and maintain their own pool of information and interact, providing local residents with access to information about properties through India.

"The portal also serves as a great marketing vehicle for other local business websites. All clients are given free text and graphic listings", he added

In the 37 Months since the portal's launch, it has been responsible many property deals in India and Overseas. "We are definitely using zameen-zaidad.com as part of our sales strategy for acquiring new clients. We use it as part of our internet marketing portfolio, to show prospective clients our capabilities and the quality of our work."

Property is definitely one of the key areas for investment in Goa. Real estate has been on the roll last couple of years, sending land prices sky rocketing.

Goa has seen an average 8% to 10% growth in land values since 1995. And the state along with the rest of the country faced a lull period with prices falling from 2000 to 2003 it witnessed a sudden boom in 2004 with prices rising an average 30%. Land value in capital Panaji has doubled in the last one year while other places across the state have seen a steady 20% increase.

Presently capital Panjim is the most expensive place to acquire land. The average cost of an area here rose from Rs 25,000 per sq mts to Rs 35,000 per sq mt, with prices touching Rs 50,000 per sq.mt is crème locales like Dona Paula and other water fronts. Calangute and the northern coastal belt, comes a close second with the average start up price for a property being Rs 25,000/sq mts, costs however increase with proximity to the sea…

But head to south Goa, and you’ll probably get a better deal. Prices here are at least 30% lower than northern coast with start up rate for a place near Colva beach ranging between Rs15,000 to Rs18,000 per sq mts. Earlier speaking to ET, Darryl Pereira, CEO, Reira Group, “The social scene in north Goa is much better than in south Goa and this makes a big difference. Everyone wants a place in Calangute.” Beaches in the north are abuzz with activities north is popular mainly for its night life. In comparison, the coastal belt of southern Goa is relatively quite and known more for its picturesque locale.

Demand for land is not only along Goa’s coastal belt but also hinter-lands, having proximity to the city. Demand for land comes mainly from two segments –– the big hoteliers looking to set up a resort here or from people scouting for a holiday home. People mainly from metros like Delhi, Mumbai, Bangalore and also Gujarat envisage a holiday home in Goa. According to real estate developers, nearly 75% of investments in Goa are by Indians living outside state, looking for a holiday home. NRIs, Pose constitute 15% of the demand, while remaining is from within Goa.

Besides this, Goa is also home to several pharmaceuticals like Blue Cross Labs, Knoll Pharma, E-Merck India, Colorcon Asia, Geno Pharma, Cadila Healthcare, Glenmark, Ratio Pharm India, Ranbaxy, Cipla, Indoco Remedies, Vicco Labs, Lupin, Unichem, Wyeth, Sander Pharma, Sanofi-Aventis, Zandu Pharma and many more.

Goa exports pharmaceuticals worth approximately Rs 550 crore annually and produces one-tenth of the pharmaceuticals manufactured in the country, amounting to Rs 2,800-crore businesses. Pharmaceutical giant Cipla’s Meditab Specialties has already begun work on the Rs 500 crore worth SEZ, which is expected to further boost the pharmaceutical segment here. This, in addition to state government's plans to develop non polluting industries, SEZs and IT parks along with state's plans to provide broadband wi-fi facility everywhere will sure add value to any investment.

Courtesy: E.T. INITIATIVE Zone WESTERN BUSINESS REVIEW

DLF, the Rahejas, Godrej, Niho Constructions –– Ahmedabad has been witnessing a flurry of big players of late. Also a lot of players from state expanded presence in other regions. For instance, the Ahmedabad-based leading Adani Group clinched the biggest real-estate deal of Rs 2500-Rs 3000 crore for acquiring space in the premium Bandra-Kurla complex in Mumbai. The residential segment is seeing good demand from investors as well as actual buyers. And the demand in commercial segment is coming from retailers and corporates, mainly private banks and stock broking firms, which are expanding base here. The interest of top IT players is driving the demand for corporate spaces. Leading IT companies such as Infosys, Satyam, Wipro are eyeing Ahmedabad for the expansions. Also, big realtors such as DLF and the Rahejas are planning to come up with IT parks in Ahmedabad and Vadodara. Gujarat government’s policy of promoting knowledge cities is also working in its favour. “The retail as well as office space demand is expected to gain momentum. Several Tier-III cities in the population bracket of 60,000 to one million are on the radar of leading retailers. However, we don't expect oversupply of retail space in the city,” Trammell Crow Meghraj's vice president, retail, Shubhranshu Pani tells ET.

Investing in Pune for the medium-to-long term makes the most sense in today’s real estate scenario. For the perfect portfolio, one should concentrate on the more developing areas that still feature competitive rates. The safest and most potential laden investment opportunities in Pune today lie in its townships, as they provide highly saleable property with the right mix of basic amenities and add-ons. The hottest investment destinations in Pune for modest-to-medium budgets in Pune are currently Sopan Baugh, Wanowrie, Dhankawadi and Katraj. This applies equally to residential and retail/commercial investments. Anything from Hinjewadi towards Mumbai that is within commutable distance also makes big sense, say real estate experts. Properties from Hinjewadi towards Pune may make less sense from a modest-to-medium budget perspective. 

Ever since the Maharashtra government announced plans for a Multi-modal International Hub Airport at Nagpur (MIHAN) in 2002-03, the real estate sector here is witnessing brisk activity. According to Knight Frank, a number of locations around the proposed MIHAN project have seen high escalation in land and residential rates. A big plush for the state’s second capital is IT biggies’ mega investment plans. Satyam Infotech, GE, DLF, Shapoorji Pallonji, L& T, Infotech, Patni Computers and Microsoft have all taken up large tracts of land in the SEZ within the cargo hub, and this in turn will augment the residential demand in the region, says a Knight Frank report.

Demand for housing is mostly driven by employees in IT/ITES sectors and BPO professionals as well as those with insurance and banking businesses. According to a Knight Frank report, what Nagpur lacks now is dedicated office building for IT/ITES businesses, since the industry is at a nascent stage. The few IT companies in the city are located at the MIDC IT Park at Sadar and the IT Park at Parsodi. Developments existing in the CBD locations and those in Itwari, Gandhibagh, Ramdaspeth and Dharampeth have a mix of retail and office space. Insufficient demand as well as lack of good plot sizes has restricted new commercial. The Knight Frank report says the upcoming residential locations in Nagpur are Kamptee Road in the north-east, Khamla and Hingna Road in the south-west and Besa and Wardha Road in the south, which are home to a number of apartment complexes as well as stand-alone buildings.

In January this year, a 1,824-sq-m plot in Navi Mumbai was sold for Rs 78 crore. At Rs 4.04 lakh per sq m, this deal shattered all records, including those set by its rich cousin Mumbai. Later this year, the 37-year-old town across the harbour, planned by architect Charles Correa, created yet another record. Siddi Home Makers, which opened booking for its new project Ellora Castle at a whopping Rs 5 crore apiece, announced that it will sell flats only through invitation because of high demand.

Realty prices in Navi Mumbai has galloped, ever since Cidco acquired a strip of marshy land lying between Thane and Raigad districts in Maharashtra. Real estate consultants prices are only to go up as mega projects like international airport and Reliance Industries’ SEZ take off. Leading real estate consultants Jones Lang Lasalle Meghraj says Navi Mumbai is a potential high growth area. Growing economic activity due to such large projects "will generate a lot of appreciation of capital and rental in the medium to-long term," says its recent report.

Global real estate consultants DTZ says the satellite city's USPs are good HR catchment and easy availability of office space. It says office space rentals in Navi Mumbai have touched Rs 60 per sq ft per month. As compared to Mumbai, the city is well laid out with large tracts of open spaces and wide roads."You are closer to the city, but you are away from the chaos," says Reshma Kapadia, who recently shifted her investment consultancy firm from the Western suburb of Borivali to Belapur CBD. Ms Kapadia says her work-home relationship is much stronger ever since she moved in. "Besides, I get a lot of time for myself because I spend a lot less on travelling now."

This shift in preference is what lures big-ticket developers, who never had a prominent presence here, to New Bombay. The Rahejas have already arrived here the Mumbai-based developers recently opened a mega mall cum multiplex complex, while a host of smaller players are getting ready to enter the market. "If anything was missing in New Bombay, it was the lack of good entertainment facilities. These malls will make up for that," says IT executive Ranjini Rangan.

The boom in the commercial sector has already started reflecting on the housing sector. The prices, which were in the Rs 15,00-2,000 per sq ft bracket, was almost doubled in most places. Apartments on the sea-facing palm beach road, has valued to Rs 6,000 and above. "Affordability is not an issue anymore, as long as you offer premium products," says Mr Dilip Jindal of Jindal Enterprises, who has developed a couple of big projects in this area.

Almost all realtors ET spoke to said that this region will survive the overall chill in the real estate market.

The other realty hot spot off Mumbai is Thane. According to international property consultants KnightFrank India, Thane has witnessed large scale residential developments over the last few years. The key reasons for the sudden shift are the availability of vast stretches of land due to closure/relocation of industries. There has been a steady growth of high rise and self sustaining townships in Thane helping it to emerge as a new residential location for the middle and upper middle income group. Current capital values for Grade A apartment range from Rs 3,500 -Rs 5,000 per sq ft.

To promote planned development for the new townships at the proposed Global Corridor along Kundli-Manesar-Palwal (KMP) Expressway, the Haryana Government has decided to build 7 to 8 "theme cities".

The themes include Education City, IT City, Bio-Science City, Fashion City, Leisure City am