Realty Market of Gurgaon: Leader in Housing Real Estate

Real Estate Gurgaon and Noida are probable to have the majority of absorption of the property in Delhi NCR property market. Reports say that rental charges are likely to increase in definite micro markets in second half during the year 2013, because demand-supply break of the quality office room is likely to increase due to supply constraints with selected precincts of Delhi NCR.

In addition, prices of the residential property, particularly in Gurgaon Properties, are probable to appreciate during the year 2013 that sequentially will attract additional buyers in the market. One more attractive trend observed during the last couple of years was the stock within range of around Rs 2,000 to 3,000 / sq ft was sold out quickly. In the year 2013, this array is expected to shift towards Rs 3,000 to 5,000 / sq ft with an increase in the inflation as well as construction costs.

Year 2012 completed with some positivity notes, as inflation was below RBI’s anticipated levels as well as the IIP (Index of Industrial Production) growth improved in the last few months in the year, providing new hopes in the year 2013. Gurgaon has continued to become a leader in housing real estate marketplace with registering upswing for capital values as well as project launches throughout the year. 2012 saw improvement in the demand more than 2011 for the residential properties within Gurgaon.

For cashing in on prevailing demands, the developers have launched projects primarily in high-end, mid-end, as well as luxury projects. As per the report from C&W (Cushman & Wakefield), total units launched within Gurgaon during the year 2012 was 22,219. Growth corridors including Dwarka Expressway (which is also identified as the Northern Peripheral Road), Golf Course Extension, and New Gurgaon in Sectors 81 to 95, registered bulk of launches. Amongst these locations, the Dwarka Expressway is having maximum number of housing project launches after that New Gurgaon with Sectors 81 to 95 as well as Sectors 78-79.

According to C&W report, during the year 2012, asset values have registered average gratitude of 24% compared to the year 2011. Highest gratitude in the asset values was with Dwarka Expressway, because of its tactical location — this is within close propinquity to Delhi as well as IGI Airport, with forthcoming business office spaces at Aerocity.

Capital values respected at the Golf Course Extension primarily because of sound construction program of the majority of properties in locations as well as no new major launches. The SPR (Southern Periphery Road) also registered steady gratitude in asset values during the year 2012, because of better demand in the residential projects started by top developers.

Sohna Road has registered consistent appreciation of about 20% because of healthy demands for existing as well as forthcoming housing projects. Whereas no new projects were launched during this year, the Golf Course Road has registered major appreciation, with a range of around 20 to 25%, because of the approaching infrastructural projects. 2013 may see developers concentrating on the delivery of apartments.

Mumbai: Rapid Growth in The Premium Real Estate Sector

The Island city, Financial capital of India and the Indian Hollywood are few of the names which are sobriquets for Mumbai. It has been reckoned by the investment and research firms all over the world that Mumbai is one of the most urbanized cities in Asia and has a huge potential for growth in all sectors of the economy.

Mumbai is the destination for dwellings of top notch entrepreneurs, film stars and politicians. This city has been flooded with the localities of commercial, industrial and residential assets since years during its evolution. However, over the last decade, the city has witnessed a quantum jump in the relocation of commercial and residential hubs and subsequently the redevelopment of areas which were already swanked by assets across the subsectors of construction. 

Owing to the relocation and redevelopment activities, the prospects of exponential returns in property transactions of this city have received a tremendous boost in the recent past. As reported by The Economic Times, Mumbai has realized four major high value transactions of properties over the last few months. Complementing the ongoing vigor of blue chip companies and their ‘C’ level executives, the Mumbai housing development authority has favored the construction of even taller high-rises, reviewed land-use policies and benefited the realty sector.

Malabar hill, Altamount Road, Mount Pleasant Road and other sea-facing locations have absorbed these high-end property deals in the year 2013. Malabar Hill in particular is known to house the dwellings of the wizards in the private sector. South Mumbai is the area which accommodates the residence of the governor, rest-houses and apartments of leading MNCs in the service and manufacturing sector.

The redevelopment efforts, enhanced civic-infrastructure and the favorable mixed land-use policies have been witnessed to be working for the development and expansion for the scope of real estate operations in the Island city. The growth and demands in Mumbai suburbs have also accentuated the worth and promising prospects of investments in the real estate sector of Mumbai.

Along with growth in the premium segment of properties, the developers are also observed to be developing comparatively affordable and compact residences. The commercial sector has also witnessed the growing preferences for smart building and sustainable solutions to be adopted by the developers in order to attract the aspirers of contemporary assets.

Mumbai, known as the city of dreams in India, has upheld the momentum of growth across the real estate subsectors. A recuperated interest of leading Indian developers, increase in the number of foreign investments and the growth potential in Mumbai suburbs, hold a promising future for real estate sector in this city.

The festive season with brand new homes!!

The Indian real estate sector has demonstrated a noteworthy resilience to the commotion in Indian economy over the recent past. During this period, the realty sector has also been steadfast on the way towards maturity and being constructively regulated. A recap of last few months vouches that the Indian realty has witnessed favorable reviews of policies by the central bank, regarding borrowings, novel prospects of investments and encouragement to FDI and NRI investors. Moving forward, the real estate sector is estimated to uphold the positivity and growth with the advent of festive season in the remaining period of 2013.

The developers are gearing up for further expansion and growth while the Diwali season is around the corner. The Diwali festival has been known for the joy and bliss that it brings along with it. It has been a customary practice to celebrate Diwali with substantial investments for asset creation, as the legend inspires positivity and hope for a brighter future. Diwali season is recognized to be an auspicious period that brings productivity along with it. As a result, the developers and property consultants encourage the home aspirers to be privileged by owning their dream asset during this time. This privilege is qualified with the discounts and festive offers that the realtors propose offer on under-construction and ready to move-in residential units. The offers include freebies like complimentary parking, discounts on per square foot prices and preferred locations of abodes with no extra charge, amongst many others.

Along with Diwali season knocking at doors, the latest RBI regulation that proposes to link the disbursal of loans with the completion stages of the projects is further expected to induce solidity in the realty market. This is the time when the home aspirers can safely invest in the realty market and own a suitable property for various objectives. The investment prospects have been bright due to the availability of cheaper land and built-up homes in the sprawling outgrowths of metro regions. Moreover, the ready to move in apartments in the mid-end segment are being developed in huge numbers. The good numbers of available homes and the festive discounts in the realty market have come at a promising juncture wherein the buyers are hopeful for better realty deals and the developers expect to receive increased demands from aspirers.

 

The growth and expansion in the Indian real estate sector has hovered around the deliberate efforts by the sector and the coincidental factors in the recent past. The leading developers have been introducing innovative realty solutions like integrated projects, serviced/studio apartments and green buildings. Subsequently the demand and preferential trends have also undergone a transformation and the quantum of demand for novel concepts of habitation has witnessed a considerable hike. Parallel to this innovative drive of assets, the currency exchange rate and the outreach of leading Indian realty brands have been successfully attracting FDI and NRI investments in the realty sector.

The next few months which are full of festivals (Diwali and Christmas), bring optimism for a reinvigorated growth for realty business for the year ahead.