NextGen Property News

Realtors Smile as Buyers Start Flocking to Property Investments

2009-09-14T04:45:00.000-07:00

Prospective buyers flocked in numbers on the last day of the property show organized by Gujarat Institute of Housing and Estate Developers (GIHED). The event that was organized to showcase the new and upcoming property schemes has brought the oblivious smile on the developers and those concerned with the real estate industry.

Sunday, the last day of the event, registered almost around two Lakhs property enthusiasts from all walks of life that included IT professionals, government employees, businessmen and some foreigners also. Though many visitors came to gain a know how of the existing rates and offers in the affordable housing schemes there were plenty of prospective buyers also who showed genuine interest in buying the property and in fact, visited the sites also so as to gain a comprehensive knowledge of their investment prospects.

The purpose being different, the gist was synonymous-aplenty of visitors wanted to relish the current slashed price along with the freebies that the developers promised. Some wanted the house for residing while some felt that buying the houses at the existing price structure was an alluring investment proposition. There were sizeable enquiries for the commercial plots also and for the plots in the proximity of city or in the outskirts which was being seen as a long term investment options by many.

The event has brought relief to a waning real estate industry which was till recently, fighting with the cash drought and plummeting demands. And this relief was evident on the glittering faces of realtors at University Convention Centre on Sunday.

Will 1% Subsidy on Home Loans given by the Govt of India benefit Individuals?

2009-08-19T03:16:00.000-07:00

Even after working day and night at office for many years if an individual is not able to buy his dream home then it shows either he has failed in his attempt or the government of India has failed to take up its responsibility to help its citizens in buying their dream homes. The recent announcement made by Pranab Mukherjee that the government of India would give 1 per cent subsidy on home loan interest rates for the first year has dawn many complaints. This plan is valid only for home loans which cost between Rs. 10 lakh and Rs. 20 lakh.

This home loan subsidy scheme attracts individuals belonging to the lower and mid-income groups. Moreover, this scheme will hardly be accessed by the working people in tier I cities: Delhi, Mumbai and Bangalore. The reason is that houses costing within the range of Rs. 10 lakh-20 lakh are not available in such renowned metropolitan cities.

Property critics are even commenting that even it is quite difficult to buy homes with this piece tag in tier II cities like Jaipur, Indore, Pune, Hyderabad and Chennai. Rs. 20 lakh house unit is only available in tier III cities and smaller towns. In most of the metropolitan cities the realty companies only develop luxury apartments which are focused on the individuals with higher annual income. Talking on the announcement made by the Govt of India it does not seem that it will solve the housing problems faced by a majority of Indians.

It is Cheap Homes from Tatas after Nano

2009-07-22T01:20:00.000-07:00

They did it when everybody said it was impossible…Yes Tatas, after lots of odds, produced the Rs.1 lakh car, Nano and the first Nano will be presented today to the owner by Mr. Ratan Tata. Boosted by the huge response to the Nano, the Tatas have decided to dole out cheap dwelling units to the lower middle class of India.

Coined as Shubh Griha, the housing unit will be priced between Rs. 3.9 and Rs. 6.7 Lakhs. The project will be handled by the Tata Housing Development Company, the property development wing of the company. The first township is slated to be developed in the Mumbai suburb Boisar in Thane district. The company will then launch several projects under the same scheme at various metros, tier II and tier III cities.

After doling out cheap transportation in the guise of Nano which has created ripples in the market, the company strongly feels that cheap dwelling units will have the same effect and will contribute to the company’s philosophy of an inclusive business for all the strata ( low and mid level income group) of the society. According to Brotin Banerjee, MD of Tata Housing, there is a huge deficiency at the base level of the pyramid in the housing sector. And his proposition is well supported by the statistics that place a deficiency of 24.7 million dwelling units.

The allotments will follow the same pattern which has been employed in the allotment of Nano. The 1000 housing unit at Boisar’s proposed township will be allotted through the lottery system. The Shubh Griha’s, as they are called, will range from 283 to 465 Sq. ft. and will comprise of one bedroom-kitchen flats.

The company has tied with SBI and HDFC to help the buyers with loaning facilities and the application form will be sold at Rs 200 with the booking amount placed at Rs. 10,000. The company expects to raise an amount in the range of Rs. 100 crores.

DLF the Biggie Collects Rs 1,000 cr by selling its Assets

2009-07-17T04:21:00.000-07:00

When a realty company runs out of money or needs sufficient amount of money then it has to gather money by selling some of its assets. The same step has been chosen by DLF while accumulating Rs 1,000 by selling its land in some major cities in India. It is reported that the company sold lands in cities like Mumbai, Gangtok and NCR. In addition, sources have told that the company has also sold off a hotel project in Delhi as well as another project in Gangtok.

It is not that DLF is the only Indian realty company which is trying hard to make the cash ready, there are other companies which have tighten their belts to sell off their assets in various locations in India for clearing off their heap of debts. Unitech, a rival of DLF has also sold its hotel in Gurgaon and a hotel in Saket in the last few months. Of course, the recession has been a great hit for Indian property market and the crunch of money has forced many reputed realty developers to sell off their lands at a range of lower price.

10% Decline in Home Prices Revealed by a Recent Study

2009-06-29T05:39:00.000-07:00

The Indian property market is passing through a turbulence time. The recession has been a great threat. A recent study by Crisil Research reported that Indian home prices will endure a 10% downfall in the 2nd half of 2009. This news is making the faces of many realty developers shrunken but anyways it has to be overcome with a great challenge.

The report submitted by Crisil Research also highlighted that Faridabad in the National Capital Region, Derabassi and Zirakpur in Mohali, High Tech City in Hyderabad and Rajiv Gandhi Salai in Chennai would go through another downfall because of the excessive supply of residential properties.

Most of the home buyers in India are adopting the ‘wait and watch policy’ which is leading to a sheer deficient of liquidity in the property market. However, there are many property developers who are passing arguments that they do not agree with all the points forwarded by Crisil. They are saying in unison that the home prices would not go another downfall as these are already at the most bottom line. A Bangalore-based developer, Ravi Ramu, director of Puravankara Projects stated that he would not even think to make the prices thinner in the undergoing projects.

Recession is Passé as Many Malls to Come up in Delhi NCR

2009-06-18T06:03:00.000-07:00

The hot air blow of the global recession had almost shaken the whole Indian realty market for quite a long time. Finally the Indian realty market seems to take a deep sigh of relief. Recently it was announced that soon big malls will be constructed in various parts of India. Out of all the metropolitan cities, Delhi NCR is the primary location for property developers. Prior to the recession the realty companies had prepared blueprints for erecting huge malls in India but they had to stop for a while due lack of funding.

Images, retail research group in association with the Shopping Centre Association of India, Jones Lang LaSalle Meghraj and Cushman & Wakefield India has revealed through its recent report, Mall Realities India 2010 that 31, 846, 504 sq ft will be allocated for mall space across India. Out of all the zones the north zone is allocated with 14, 790, 000 sq ft. It is reported that Delhi NCR will be given 7, 645 000 sq ft for the construction of high end malls.

The group executive director of New Delhi Delhi-based real estate firm DLF, Rajeev Talwar recently told that the NCR region is a big market for realty developers as this region is packed with numerous residential areas which attractive the mall culture. As more people live in the residential areas they look out for leisure centres which cannot be other than malls. Malls give all kinds of facilities like cinema halls, restaurants, beauty parlours and other entertainment means. Hence it’s time to keep recession in the shelves and better concentrate on the new things which are on the way.

Low Interest Rates Fostering High Sale of Affordable Housing in NCR

2009-06-11T06:07:00.000-07:00

The Indian property market has felt a big hit for almost 12 months. However, the present scenario shows us a few positive signs that the property market is breathing some fresh air. In the recent times two housing projects were launched in Delhi and NCR region. Quite surprisingly it received great response from the enthusiastic property buyers.

As per given data Jaypee Greens had received a booking of 3300 flats for its newly launched project called ‘Aman’ which is on Noida-Greater Noida expressway. These bookings were recorded on the first day of its new project. This boost has come into limelight because of the reduced property rates which are alluring middle class customers.

BPTP’s project Park Elite in Faridabad also had a grand sale because it had sold around 1000 independent floors. Specifically BPTP’s 3700 bookings were accounted for worth Rs. 80 crore for this state-of-the-art project.

The CEO of operations at JLLM Santosh Kumar told that the contemporary property prices are genuine which are helping realty developers to make a profit up to 25-40 per cent. In addition, the government of India is also endowing its full support for infrastructure and it’s a neon flash that the interest rates may witness further meltdown.

Indian Commercial Property Builders Are Threatened Of Being Desolated

2009-06-08T04:13:00.000-07:00

Major and industrially flourished cities of India including Mumbai and Delhi are predicted to witness a delay in commercial property development

Two main metropolitan cities – Delhi and Mumbai that are touted as the hub of all kinds of activities in India and known for being highly ranked in costly commercial properties across the globe could not even save their property developers from postponing their projects. Though quite surprising, but, facts and figures point out to the fact that most of the commercial real estate projects are likely to be either stopped or postponed.

In the next few years down the line, no significant development of commercial property will emerge on the real estate surface of Mumbai and Delhi which once have seen havoc increase in property prices and rental rates. More precisely saying, while 212 million square feet commercial space was allotted to be developed into grade-A office space in cities including Mumbai, Delhi, Kolkata, Bangalore, Chennai and Pune, only 88 million square feet space is expected to be completed by the year 2010, according to sources from industry officials.

Studies have also revealed that demand supply ratio in these major cities for commercial properties will undergo pressure as well as the absorption rates in these places is likely to dip at the lowest point which has been measured around 60 percent in ensuing quarters.

Foreign Investors Hold a Chunk of 10% in Indiabulls Real Estate

2009-05-22T05:21:00.000-07:00

The distorted global economy has pushed down the India real estate market to a deeper level. The consequences are worst than what the eminent financial experts had predicted in reality. Quite delightfully foreign investors are showing great interest even in this shattered market condition. Almost all the leading realty companies in India are working out on projects which can draw money from offshore business.

In a recent press release, it was announced that foreign investors have picked up 10% of stake in Indiabulls Real Estate. It shows that the investors from abroad are still enthusiastic and have faith upon Indian real estate companies.

On Monday Foreign Investment companies namely Fidelity, TPG, HSBC and Moor Capital had gathered around $553-million of shares sold by Indiabulls Real Estate (Ibrel). As told to the Bombay Stock Exchange IndiaBulls real estate had accumulated $2 billion that is approximately Rs. 9, 4000 crore from overseas investors the moment it flagged off the share sales. Ibrel sold shares worth value of 143.59 million at Rs 185 per share.

In the midst of recession weather, the Realty Index of BSE on property stocks in the last month had showed that the property Index went high up to 53 per cent. It is crystal clear that overseas investors are storing stocks of Indian realty developers in spite of the ongoing recession.

Emaar-MGF Gets Stimulus Package of Rs.700cr for Common Wealth Games

2009-05-12T05:36:00.001-07:00

Indian Realty Market is no doubt facing the brunt of the global economy meltdown. Many developers are facing acute credit crunch. Emaar-MGF is a leading property developer in India which has a strong market reputation in other parts of the world. Recently the Delhi Development Authority (DDA) forwarded a bailout package of Rs.700 crore to Emaar-MGF who is complaining of credit crunch. This realty company is undertaking the project for the Commonwealth Games Village.

The word ‘bailout’ can be heard everywhere even out of India. The responsibility of the CGV project is extremely significant for the government of India specifically for the government of Delhi. The latest announcement made by the Delhi Development Authority will supply a simultaneous flow of fuel to Emaar MGF. The company won the contract for constructing 1,168 flats under a private-public partnership in association with DDA.

Earlier Emaar decided to sell off 70 per cent of these flats to manage the required cash for ongoing construction work. However, the bailout given by the Delhi Development Authority has been a great relaxation and hopefully the CGV will be soon built to shelter the 8,500-odd athletes as well as the rest of the guests who will come with them.

Emaar-MGF Gets Stimulus Package of Rs.700cr for Common Wealth Games

2009-05-12T05:36:00.000-07:00

DLF in Remorseful State As Its Profit Dips Down

2009-05-01T06:32:00.000-07:00

The biggie in real estate developers in India DLF Ltd. told media that its profit sinks down as there is a 93 per cent fall in revenue generation. This figure is estimated in the fourth quarter of the last financial year. The cause responsible for this downturn is the meltdown of the contemporary economy. The biggie has somehow managed to gather a few sales. It has been a very difficult time for this company as the demand for apartments, offices and commercial complexes fell below the expectation predicted by their eminent analysts.

The company also added that their net income has fallen from last year’s 21.8 billion rupees to 1.59 billion rupees in the recent three months. It is a huge difference which shows the dilemma of DLF financial status. It is also reported that this realty giant has cut the home prices of their new projects in Chennai and Gurgaon. This measure is being taken to accelerate the sales of their undergoing projects in many parts of India. At least this attempt will shoot their profits little higher which will be then a great relaxation for DLF.

On the other hand, the government of India has laid down recommendations for banks to lower their borrowing interest rates. Finally the law has come into effect. Presently the government, banks and realty companies are eagerly waiting to see the expected results in the next quarter. Hope everything gets revived.

Government of India Makes Commercial Property Free of Service Tax

2009-04-27T02:32:00.000-07:00

Finally the Delhi High Court has removed service tax from commercial rental property. It will be a great relief for the owners of various commercial properties in all over India as the announcement made by the Delhi High Court will be applicable to the whole country. It will be effective from the particular day when the former service tax was levied that is right from 1st June 2007.

The former rate of service tax imposed on commercial rental was 12.36% and it was effective from 1st June 2007 till February 23, 2009. As of now the government minimized the service tax from 12% to 10% and it will be effective from February 23, 2009. The government of India earns hefty amount of money from service tax and it is reported that the service tax which is imposed on more than 100 services generated revenues of Rs.65, 000 crore in the last financial year. The rate of revenues earned from various taxes is increasing day by day.

The retail business is one of the pillars of Indian economy and whenever new commercial properties come up then retailers make a rush to get the early bookings. There are multitudes of commercial properties which comprise of shopping malls, railway stations, airports etc. Annoyed retailers say that about 15% of the money earned from the rents of such properties has to be spent on the total operational cost. This has been a great headache for the commercial property owners as well. The present initiative taken by the government of India will truly be helpful and ease the lives of many retailers.

Credai Pleading Government to Eliminate Service Tax on Rentals

2009-04-20T05:38:00.000-07:00

Recently Confederation of Real Estate Developers’ Association of India, CREDAI decided that it would request the government of India for eliminating service tax on the commercial property rentals. It was revealed in a short meeting to media. The participants in this conference dealt with various issues like low cost housing projects, public-private partnership, development of infrastructure, finance, banking and yes, last but not the least taxation matters.

Credai told to media that out of all the issues responsible for the present worst market condition, taxation is the most urgent issue which has to be sorted out with immediate measures. The tax service levied on the commercial properties in India is very exorbitant and it has to be removed as soon as possible. It was also added that consumers are the end victims of the contemporary taxation policy.

If the service tax on commercial properties remain still high then the rental amount will be further increased which in turn will affect the consumers. Besides this grave issue Credai also stated that it is planning to bring up affordable housing projects through the medium of public-private partnership. Still India has miles to go ahead to provide a concrete house to live in for many poor Indians. Credai is accelerating in a faster pace to reduce the gap.

TCS to Establish 20,000 Seats Infrastructure in Pune

2009-04-10T02:26:00.000-07:00

Tata Consultancy Services, the globally renowned IT services, outsourcing and business solutions conglomerate has announced on a press release that it is going to initiate the construction of one of its largest development centres, TCS Sahayadri Park in Hinjewadi, Pune, Maharastra. It is reported that this development centre will be constructed in order to accommodate 20,000 professionals.

This giant construction will spread over 50 acres of land. The initial phase of the construction is supposed to get completed by March, 2009 which will let 7,000 employees resume their work. Tata is not entrusting the construction of TCS Sahyadri Park to another real estate company because one of its divisions Tata Realty and Infrastructure Ltd has been assigned the high end infrastructure project.

To add the extra-ordinary edge to Tata new development centre Frank Glynn of El Segundo, California has been given the role of chief architect which will take up the responsibility of the designing work. The Chief Minister of Maharastra, Shri Vilasrao Deshmukh and the CEO & Managing Director of Tata Consultancy Services attended the foundation ceremony. This magnificent commercial project is showcasing the boom in the Indian realty industry as well as it will create many job opportunities for Indian youth.

Mumbai Shines as the 4th Costliest City Worldwide

2009-04-03T03:01:00.000-07:00

The East versus the West in terms of renting commercial property is true as Mumbai overtakes New York. Mumbai is still home to many expatriates from various countries of the world. Despite the economic downturn at the global level, this city has witnessed a sheer rise in the rental value. In a recent survey Mumbai is positioned as the fourth costliest city in terms of renting property for expatriates. While the heart of India, New Delhi is at the 8th position out of 300 cities around the globe. It was revealed by a study done by the consulting firm, Mercer LIc.

New Delhi has become the victim of the recession and that’s why we have seen a sharp fall in house rents for expatriates. This has resulted in the movement of its position from sixth to eighth. Gangapriya Chakraverti, the business leader of Mercer India told that it is the NCR which has seen the transparent rise in houses for expats but no such rise has occurred in Mumbai. The heavy log of the current recession has pushed many multinational companies to shift their expats’ employee houses to new locations where the rental value is quite cheap.

Indian Builders Pleading NRIs to Take Discounted Quotes

2009-03-30T06:09:00.000-07:00

Presently Indian builders are busy at organizing property shows in various parts of the world. At the peak of the global economy meltdown, property shows are the effective means of spreading mass awareness about the enticing discounts offered by the real estate companies working in India. Housing projects are almost completed but the real estate agents are not getting calls for further bookings. Almost all the real companies in different parts of the world have got affected by the recession. However, Mr Anuj Puri, managing director of Jones Lang LaSalle Meghraj, says that buying an Indian property at this volatile state of market would highly be profitable for buyers.

As reported by 99acres.com, in the last couple of months there is a rise in the number of NRIs asking for more information on the present state of Indian property. Mr Vineet K Singh, Business Head of this site states that the number of queries made by NRIs has increased by 15-20 per cent and it is yet to be found out how many of these queries gets converted into the real buyers. On the other hand, Parsvnath Developers suggest the other players in the real estate industry to offer only luxury housing quotes to NRIs as they have been living in a different lifestyle in abroad.

Developers Still Struggle to Increase Property Sale

2009-03-27T02:56:00.000-07:00

The price of property in India has already undergone a sharp fall. Builders and developers are still trying hard to adjust their much affected credit crunch. A few inhabitants in Mumbai recently started enquiring about the cost of flats and found that real estate consultants were offering huge discounts. Hashmukh Kapadia is a Mumbai based garment exporter. He is currently looking for a 2 bedroom flat in Prabhadevi, the place where he belongs to. Surprisingly he found that the prices of flats in his locality have decreased by 35 per cent. However, he says that the prices are still unaffordable. On the other hand, there are many other residents like Hashmukh who are struggling to purchase their dream homes.

Both the banks and developers are simultaneously attempting to woo buyers by the reduced rates of housing loans. Many real estate experts are saying that there would be further fall in the housing loan rates. An attractive sale is mandatory for developers so that they can invest the accumulated money in the under construction projects. The president of Estate Agents Association of India, Yashwant Dalal says that the property rates would certainly face a fall of 60 per cent. All those claims made by the real estate agents in the market are just not valid. There’s no escape from this strong prediction. Not only the developers are enduring the accurate shortage of money but also the buyers’ savings accounts do not have the adequate money for buying new flats.

Rise in Rental Values in Greater Noida

2009-03-23T05:41:00.000-07:00

Greater Noida acquires an international hike in terms of its rental values. Recently it was figured out that in 2008, Greater Noida dominated the 8th highest ranking when it comes to annual growth in rental values in all over the world. This figure was revealed by a report submitted by an international real estate consultant. This industrial hub was designed with an aim to draw the attention of medium to large industrial corporations. Today the dream of the real estate companies operating in this region has turned into reality. Although there are many counterparts of Greater Noida still it is consistently developing towards the highest peak.

In the recent time, Greater Noida has received many assets like expressways, metro extension, wider highways and accessibility to sufficient industrial lands. In addition to these assets, the Taj Expressway has opened new avenues to the future value of indian property in this National Capital Region. If an individual buys a property in this international hub today then it is ensured that tomorrow he would earn more than what he has just invested at present. New housing projects are mushrooming in various sectors of this region which are planned to be completed by 2009-10.

Rents of Industrial Units In India Is Hard-pressed In 2009

2009-03-20T00:46:00.000-07:00

"Economical meltdown is now melting rental rates of commercial properties in India including badly hitting those costliest areas downgrading their positions."

Rents are soaring sky high in the lands of Mumbai – well, Mumbai will soon going to shed this norm and this typical concept on properties there may turn to cliché. While several studies have shown that industrial rents have ascended up to 6 per cent in 2008 have been anticipated to decline being hard pressed by slumping economical activities running especially in the sector of manufacturing as per taken by a global report. The growth which was obvious in the first six months of 2008 in the industrial units based commercial sector started fading away slowly during the ending phase of the year, as per estimation taken by a renowned property consultants company.

Even, the western vicinity of India around Mumbai-Thane Turbhe Creek area which would once bear the crown of 26th costliest area one year ago, had descended to the position of 37th in the world recently, according to the data collected by that property consultant agency. The probable cause of waning position of this location is the annual rents to be frozen at the rate of $ 7.96 square feet as IT, bio-technology, research and development companies had to curtail costs and find cheaper commercial property locations. Surveys went on to conclude that some New Delhi and Greater Noida based locations and some parts of Bangalore have also been hit by downward rental rates as Mumbai.

Is Indian Property Price Rolling downhill?

2009-03-17T05:42:00.000-07:00

"Indian property market is observed to be severely gripped by waning price effects of current sagging economical conditions pushing property builders on the edge to struggle in selling residential and commercial units at even lesser rates, freebie offers."

Indian property market seems not enough lucrative enough to impress property buyers and investors. Most of the potential buyers are stepping back from real estate investment considering the current phase not ripe and right to show them best deals. The downturn in the Indian property market is becoming more and more prominent through several instances where buyers and property owners have experienced huge loss. One of the Delhi based property builders has signed for a deal worth of Rs. 18-crore deal In 2008 for a house of 2,925 sq. ft. in upscale environ of New Delhi, Defence Colony and now he is only hoping for a return of around 30%. He has reported that though few buyers came with only 9 to 10 crore INR, have walked out in the midway, as per news confirmed by the broker who has been responsible for property negotiation.

As the new financial year is approaching, real estate sector of India is shedding its capital value on an average 40 percent on upcoming projects. In cities like Mumbai where increase in property prices has been a norm, well as of now, has been reversing by one fourth of Rs. 25,000 to 45,000 as per the accessibility of amenities and time span of the building. Not just Mumbai, economic downturn is now ubiquitously impacted on properties throughout India including Delhi, Bangalore, Kolkata etc.

Even Lure Of “Free Gifts” Doesn’t Sound Sweeter Anymore To Home Buyers

2009-03-12T01:03:00.000-07:00

"Recent homebuyers are no more found to be effected by lure of free gifts even when they include latest and high end gadgets and accessories throughout India, revealed by recent surveys taken in Pune, Delhi, Kolkata etc."

Recent surveys conducted by a Delhi based property portal has concluded that around 66 percent of Pune buyers have shown resistance to lure of free gifts. The home buyers do not find free gifts lucrative enough to stir their up their new home buying enthusiasm. Further surveys carried out in various main city areas in India encompassing Delhi, Chennai, Mumbai, Kolkata, Bangalore, Hyderabad along with Pune have reinforced inability to pull home buyers with the scheme of attractive freebies. This survey was conducted home buyers are not seemed to consider freebies as a good deal to invest in residential properties, rather they show their inclination towards those home buying propositions which offer lower rates on per square foot of the property than currently running free gifts offer.

The study which was conducted by property portal carried out for a period of January 23, 09 to February 10, 09 through posting enquiries and search activities through various relevant portals. The study revealed that property builders went on to include high end electronic gadgets plus accessories to pull their buyers, yet they have failed to create positive ripples and convince their buyers in paying off for residential projects.

Hamptons International to focus on Indian Residential Market

2009-03-09T00:20:00.000-07:00

"International has put its strong feet in Indian real estate market to contribute its world-class real estate services that range from consultancy in sales, property development, corporate leasing and many more."

The Hampton International is an eminent name of property agents in worldwide real estate market with widespread real estate portfolio that spans across the globe. And now they have set their eyes on Indian real estate market to create differences. Recently confirmed from a reliable source it has been known that Hamptons International is all set to spread across in the property field of India via its subsidiary Hampton International India.

The first stepping stone of this worldly renowned property giant in Indian real estate has been laid in the property market of Delhi and surrounding NCR regions along with Mumbai. Plus it has also taken over promotional tasks of some of the selective projects having a Pan-India foundation.

In India, this company Hampton International is being led under Shruti Gupta who is considered as one of the top-notch professionals to deal in real estate investments for years. The company is aiming at to render world-class real estate services in marketing and sales of properties, corporate leasing, consultancy in residential property development, global asset management, lettings and investments et all for a start. The company is owned by one of the subsidiary of Emaar Properties who itself is branded and stands at the top row real estate companies across the world.

Who Says Recession Is Cursing? – It’s Indeed Blessing For Property Brokers

2009-03-06T03:38:00.000-08:00

"Property brokers are taking upper hand in recession over property owners and developers from small to luxurious projects to sell to charge a high value commission rates up to 15%."

Who says recent recession emanates cursing effects – there are blessings also, at least, property brokers are being greatly blessed by recession period. They are taking full advantage of this slowdown market condition wherein property sellers are developers are willing to pay brokers with higher percentage of commission rates for bringing them buyers. Property brokers are charging property developers at an increased rate which has mounted from 2 to 5% on the value of property up to 8 to 9%.

One of the recent surveys carried out has evidenced developers are desperate to the extent where they are also willing to negotiate at paying double of what they had paid to the brokers who can supply a ready buyer. India’s property market is truly no more a sellers’ market where buyers and brokers are having upper hand.

Previously, it was only those developers with smaller, medium or weaker projects to be known to pay high value commission of 8 to 9 percent, however, at present, developers with lavish and huge projects have joined smaller property developers in paying 8-9% commission to increase odds of selling their developed property. Property developers are apparently struggling as economical condition has been prophesied to drop even more in the six years down the line, homebuyers are also shying away from further and large property investment, inventories comprising unsold homes are continually building up – all of these reasons al together are leading brokers rates going up as high as up to 15%.

Turn Your Property Investment Into Gold Mine In Delhi & NCR

2009-03-05T01:44:00.000-08:00

"Foreign property investors and India based investors as well as NRI have spotted a best place to pour their investment capital in India properties which is concentrating in Delhi and NCR where capital are being fast processed into profits"

Capital of India and skirting NCR regions in concert are being observed as a valued possession of all property enthusiasts as the plain lands here are transforming into gold mine. Demands for these real estate locations are steadily towering as much as the constructions that are being built here. Almost all those grade A buildings are taken over soon whereas semi-constructed or under construction buildings are being fast grabbed by property investors for leasing.

Though both commercial properties and residential properties are contributing to this fast paced growth in property sector, however, it is commercial property to offer higher rental yields of up to 8 to 10 per cent than rental yields generated from residential properties that happen to be 4 to 5 per cent.

Properties in South Delhi and Connaught Place in New Delhi are hottest selling properties where rental revenues are skyrocketing and vacancies are descending to zero level. Market studies have shown that monthly rentals in Connaught Place commercial properties are as high as Rs. 100 to Rs. 150 for each square feet.

Even at such high rental rates, occupancy level at this area is less than 5%. Like rental rates, property prices are mounting in leaps and bounds in South Delhi based areas. For instance, office spaces at Saket and Jasola have been noted to be around Rs. 13,000 from the level of Rs. 5,000 one year ago. No wonder, why such lofty real estate growth is accumulating local, national as well as foreign investors and bringing foreign currencies to India, promising overall growth.