Expectations of Delhi NCR Property Trends in 2015
Jan19

Expectations of Delhi NCR Property Trends in 2015

Housing projects have had a booming turn in for a few years now in all the metropolitan cities of India. You will see foreign clients as well as domestic clients eating up the real estate like anything. With newer projects starting every week and it sectors also showing a substantial increase. It is safe to say that India will see its fair share of real estate business in the coming years as well. The housing sales may even jump over the top this year, with housing projects being opened in industrial towns as well. This is especially true in case of Delhi, where you will see that housing projects have started and will continue to start in the industrial towns of Faridabad and Bhiwadi. The inflation in the price can be severe with good turn in when it comes to the metropolitan cities and Delhi is no different. Property Trends in 2014 Political issues were a major factor for the downfall of the Property Trends in Delhi in 2014. The political instability which was caused due to the country wide elections shot any hope of real estate development and market. It was not a good time to go in for real estate and the market suffered a lot. This was true in every popular region of Delhi inkling Gurgaon and Greater NOIDA. The housing sales fell to a shocking 1.75 lakhs units during 2014. This was a big decrease in the real estate market and effected current projects which were going with uncertain views regarding the prices which would be set. This was 2.5 Lakhs less than the previous year’s record. Due to this downfall the suppliers are believed to have been taking fewer chances and making sure that the properties which are being developed have a high chance of getting sold in 2015. Due to this the many to do projects have halted and only ongoing projects have been going on. The uncertain planning for 2015 will be noticed when the decline comes down to a 2.18 Lakhs a year unit compared to the 2.2 Lakhs units of 2014. Also, many backlog projects which had been completed, but were not able to be sold will be cleared off finally in 2015 due to the slight decrease in the price tags. This will ensure that the real estate market increases in value, with both pending and upcoming projects moving towards completion in 2015. People will get great deals and the popular places in NOIDA, New Gurgaon and Dwarka Expressway, Indirapuram (Ghaziabad), Faridabad, Bhiwadi will be selling like hot cakes. 2015 Property Trends in Delhi Delhi has always been a...

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Why Real Estate Investment is More Attractive Now!
Dec02

Why Real Estate Investment is More Attractive Now!

Post recession, the real estate sector in India is taking an upturn and is expected to grow at a rapid pace from the current USD 14 billion to USD 102 billion in the next 10 years. In fact, the last few months have witnessed a boost in real estate Investment. The growth can be attributed to increasing purchasing power, strengthening economy and demographics, easy availability of loans from banks and housing finance companies, falling property prices, government reforms, and professionalism in real estate sector. On the other hand, real estate developers are increasingly stretching their capacity to meet growing demand, which has further encouraged the development of big projects with the aid of sourced financing. Traditionally, the property market was fragmented and unorganized. However, the recent past has witnessed consolidation of positions, with large real estate developers taking strong initiative to drive the market. Furthermore, there is increased availability of market information and transparency, thus, pushing the real estate sector towards organized market form. What’s Driving Real Estate Sector in India? Discussed herewith are the reasons that are driving the real estate boom in India – Booming Indian economy with an accelerated Gross Domestic Product of 8% per annum Increase in disposable income and growing middle class, leading to an increase in demand for residential real estate.   This    can boost the real estate investment in India State-of-the-art infrastructure facilities, with excellent roads, highways and flyovers, transportation, educational institutions, hospitals, hotels and restaurants, and more India is emerging as a promising offshore destination, with easy availability of highly skilled engineers and technicians Development of giant captive units in India, including major players like HSBC, Prudential, GE, American Express, Bank of America, and Standard Chartered Easy availability of home loans from banks and housing finance companies Government initiatives in promoting Foreign Direct Investment in real estate sector; development of Real Estate Investment Trusts (REITS) Falling property prices in different categories Professional players entering the real estate sector, well-equipped with knowledge and expertise in property development Growth of IT/ITES sector Foreign Direct Investment in Real Estate Sector The NDA government, in July 2014, announced an array of initiatives to spur real estate sector in India, including a reduction in size of projects eligible for Foreign Direct Investment (FDI) from 50,000 sq meters to 20,000 sq meters, allocation of INR 7,060 crore for real estate development in 100 smart cities, and limiting minimum FDI investment to $5 million. Government reforms to attract FDI in real estate sector, particularly in the affordable housing segment, will bring lucrative opportunities, improving the delivery and quality of low cost housing projects in years to come. Relaxation of...

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Impact of Delhi Metro on Property Market in Delhi & NCR
Jul19

Impact of Delhi Metro on Property Market in Delhi & NCR

Delhi Metro Rail Corporation (DMRC) started its operations in 2002. In spite of being touted more as a Social Benefit, DMRC has proved to be responsible for the economic growth of India’s Capital and the whole of National Capital Region (NCR). Over the last 7 years, land prices surrounding the Metro Rail have seen an unprecedented growth. Developers are aggressively investing, while the buyers intend to capitalize maximum gains in terms of developments and accessibility of Delhi & NCR region. Delhi Metro Rail Traffic on Delhi roads are always bottle-necked, with thousands of automobiles running daily. Do you know that the number of cars in Delhi is much higher than the total average of vehicles running on the roads of Kolkata, Mumbai, and Chennai? The recorded total car registration for the year 2012-13 was 84 lakhs in Delhi! It is 4x the total number of cars on Mumbai roads. With an alarming growth rate in the number of vehicles, an alternative mode of transport was greatly needed. Delhi Metro Railways was conceived as an additional transport network to take off the high loads from the busy roadways, and give support to the existing system. Today, it connects the different city areas including the suburbs and the existing New Delhi railway station. It is believed that DMRC project once complete, will substantially alleviate the pressure on busy roads by removing approximately 7 MM cars. It is a 4-Phase network out of which Phases I and II are operational, with SIX lines spanning the heart of the Delhi & NCR. Phase I connects, Dilshad Garden to City Center HUDA City Center NOIDA to Yamuna Bank, Vaishali, and to Sec 21 Dwarka Jahangirpuri to Rithala Phase II connects, Kirti Nagar and Inderlok to Mundka Rajiv Chowk (New Delhi) to Dwarka Central Secretariat to Badarpur Phase III plan of Metro Rail has been approved, with proposed extension of the existing Metro Rail. Phase III plan was recently launched, and it will further expand the existing Metro lines beyond the city limits as well as connect internally. The first trial run for this phase began at the end of 2013. It runs between Central Secretariat and Mandi House. Once completed, it is expected to cover Delhi & NCR – Janakpuri West, Faridabad, Badli, Shiv Vihar, Mukundpur, Botanical Garden, Ghaziabad, and IFFCO Chowk. The benefits offered by Delhi Metro Rail includes, Eco-friendly transportation mode Less cars on the roads signify low air pollution and smog Breaking regenerative system to earn 4 MM carbon credits for the country Use of solar power in the offing Blue Lines to harvest rainwater Property Market of Delhi / NCR...

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