All posts tagged India

Kolkata Property Under Great Demand Of Investors

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Kolkata is the most famous city in India. Kolkata is also called Cultural Capital of India it is now the major hub of IT sector in India. Kolkata is in top 5 tourism city in all over India. Day by day Kolkata commercial market is Increase Real Estate market of Kolkata is the in the boom because of price are competitively very less other then like Gurgaon, Noida, Pune, Mumbai ect.
Kolkata property economic growth only survives on the comfort ability of all the lessons of people in a civilization and what force them are the communications facilities. Kolkata Property is going through a demanding phase with numerous macroeconomic headwinds like poor for developers, augmented cost of building, less land prices, and low notice rates. These factors are keeping the home buyers present from the market. Kolkata property are like unitech fresco, Unitech Harmony, Godrej Prakriti, Realtech Gharoa, Realtech Maple Wood and many others all these property are located at the chief location of Kolkata Like Behala, Rajarhat, Garia, Barasat all these location is top allocation of Kolkata. Rajarhat is a planned township near International Airport and is touted to be the next IT hub of Kolkata.

Real estate Kolkata prices in South Kolkata are rapid on an uphill chart. The other areas that are experiencing high-quality increase are the new Rajarhat Township. Able to be seen cipher of the enlargement indications are the hike in property prices in these localities – rising up to Rs. 500 per sq ft in just a breadth of six months. The Kolkata property residential multifaceted provides the busy lives better security for expenditure carefree life for his or her exist become more & additional agreeable under the protection.

Most usually the resale flats in kolkata next to with Mumbai are under great demand of investors. As investing on the kolkata property allows the investors to find the same good facilities, amenities, property along with lavishness but priced half the price as other city property. So this way the investors are going to enjoy a great deal of investing on the most desired property meeting completely well with their pocket. So with making investment on the Kolkata property, the buyers dont have to go out of their budget rather they are going to enjoy extremely benefits. Kolkata property projects are in the price-range of INR available on all demanding prices with the great enjoying thing.

Chennai Residnetial and Commercial Property Scenario

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Chennai has successfully walked towards a cosmo outlook in the past few years. Today it is much easier to survive in the city without having the knowledge of Tamil. This has resulted in much more residential movement in the city. Commercially, of all the metros in India, Chennai possesses distinct advantages that the other cities do not. Good supply of talented workforce and increasing movement of IT- ITeS industry to the city have been recent reasons of growth.

Besides, there is a good supply of real estate in Chennai as compared to the already saturated Mumbai and Delhi. Historically, it has always been a commercial hub as the port city of the South. Thus there is a lot more expectations from the city than has been seen in the recent years. Manufacturing Companies have focused their interest in and around Chennai. Residential housing has been the focus of developers with a plethora of projects from 5 lakh – 1 crore category. There is more to it than on the surface

The growth of the IT industry in the city is led by the abundance of good talent in the city. Besides a lot of people from across India are comfortable settling in the city. This is the key reasn for companies like Nokia and Dell to setup their campuses in Sriperumbudur in Chennai.

There has been a paradigm shift in the outlook of the state towards building up the infra in Tamil Nadu, Chennai leading the pack. The port in Chennai gives the city an exceptional advantage and has resulted in some key industry development in this city. Automobiles, Chemical, Manufacturing industries have mushroomed in and around the city. Owing to billions of dollars of real estate investment in the city, the city has emerged as a good investment destination. So, which areas make for a good investment. Primary properties are coming up in OMR, ECR and Thillavur and thus are the recommended places for investments.

The Old Mahabalipuram Road (OMR) is attracting a lot of real estate activity. The area has resurged as the IT Centre of the city. On the anvil are mega residential townships backed by foreign equity players for some of the projects. An upcoming area, there has been realty development to cater to the increasing need of school, markets etc. However, prices may be peaking in the area as prices have doubled since December 2006. These places have a good water and are unpolluted to be and therefore give the advantage of peaceful living in an urban metro city.

East Coast Road, with its scenic beauty has dawned a new avatar as one of the most lucrative residential destination in the city. There are a lot of residential projects coming up in that part of the city. Government has taken definitive steps towards reducing the transportation in that area. Thiruvallur, a sub urban risk zone area has also seen recent activity. Some other upcoming areas include Kancheepuram, Padapai, GST Road, Tindivinam.

In the more established places in the city with good infrastructure include places like T. Nagar, Mylapore, Abhiramapuram, Adayar as these places have good proximity to schools, hospitals and industrial areas.

Chennai can finally look upto a more organized retail industry. The retail scenario has been a on the up. Malls are mushrooming in areas like N.M. Road, Vadapalani,P.H.Road,Anna Salai, C-IN-C Road, OMR, Velacheri and N.H.Road

Ther have been efforts to improve the infrastructure in Chennai. Some problems that plague the city include the cleanliness, transportation, potable water which if solved will make Chennai a more happening destination.

Besides all the above, Chennai is emerging as a tourist destination with a lot of tourist spots in and around the city. Not only for the traveler, due to the much more increased business activity in the city, there are hotels coming up for the business traveler. So there are budget hotels for the domestic traveler, and in the higher category of 5 star hotels for the executives traveling for the multinational establishments in the city.

So to summarize it all the city is an attractive destination. It has a good future with its emergence as a hot IT – IteS destination’ and the other industries. The port is a catalyst in making sure that the boom never dies. The retail industry with the more cosmo outlook will only look up in the next 5-10 years. Real Estate is comparatively cheaper and there is sufficient supply. Go ahead and make a judicious investment.

Best Cities In India For Property Investing

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Property is one of the long-term investments. When buying or selling a property in India one should be aware about the present scenario of real estate sector of respective city. But there are few cities in India, where you dont have to think much before investing like Delhi and Mumbai.

Demand of Property in Delhi

The real estate sector of Delhi is booming due to the amazing development over the past few years. Delhi has become the center of numerous corporate houses. The place is blessed with the better education facilities, job opportunities, entertainment zones, and more. Owing top these reasons the demand of property in Delhi is rapidly growing whether its residential property or commercial property. The prices of Delhi properties are rising and are going to soar in future.

The craze of buying the property in Delhi has reached to a peak level. Delhi is majorly segregate in to five separate zones and each zone has its value and unique in themselves. Like South is recognizing as the ideal destination for shopping, East counts as the most diverse population, north known as educational hub and Central for posh localities. West Delhi has well-known for the top-notch infrastructure and quality life style.

So property buyer in Delhi can choose the location as per their preferences and budget.

Demand of property in Mumbai

The city Mumbai is also known as trade capital of India. The arrivals of Multi nationals, Information technology giants and other big companies has increased the demand for high-end and luxury properties in Mumbai. The employees working on these companies have high salaries is of course demand for the quality living standard. The residential property in Mumbai is in high demand. Thus they preferred fully furnished, lifestyle homes instead of the regular apartments in Mumbai.

Well the real estate sector in Mumbai is not only booming in residential property but also boost in commercial property. The prices of commercial property in Mumbai are touching to the sky. It is a dream of every business man to have an own property in this city. The some great development is seen in many places in Mumbai like Bandra, Andheri, Santacruz, etc. But in terms of industrial and commercial sector, South Mumbai properties are in huge demand.

To know the exact prices of properties in Delhi and Mumbai, visit to the online India property portals from where you can easily gathered the deep details of your concerned property.

How To Find Indian Property Prices Online In Seconds!

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Real estate buyers and owners who need to find current market price of their property or real estate rates in India can now do so online from the comfort of their home or office. Zamanzar.com is the first Indian real estate portal to release an online tool that lets anyone calculates a property value estimate (ZamEstimateTM) within seconds for properties in Delhi NCR, Mumbai, Ahmedabad, Pune, Jaipur, Lucknow, Bangalore, Hyderabad, Chennai, and Kolkata.

Here are the steps to follow

1. Go to Zamanzars online property valuation tool.
2. Enter your brief contact details.
3. Enter brief details about the property and submit the form.
4. You will get a price estimate (ZamEstimte) based on the property details you entered.
5. You will get an accuracy percentage that will help you understand how accurate the estimate might be.
6. You will also get a list of similar property listings based on which the result has been calculated.
7. You can also get this report emailed to you by checking a checkbox while submitting the form.

Here is the ZamEstimate for a 3 BHK Apartment with a covered area of 1500 sqft in Airport Road, Bangalore.

It comes out to be about 53 lakhs with error percentage of about 11%. This estimate will change based on the kinds of property listings submitted on Zamanzar.com

The process we follow for calculating the price estimate is as follows

1. We search through thousands of properties in your city.
2. We choose the most similar properties based on a similarity score calculated for each property.
3. We adjust the price of the most similar properties, if needed.
4. Your property’s ZamEstimate is the average adjusted price of the most similar properties.

The tool is currently in Beta mode and we will continuously improve it to add many more parameters based on user feedback. Please let us know what you think about it!

ZamEstimate is based on the kind of property listings we have in the database at the time, and is thus limited in terms of accuracy. It is intended to give you a decent idea about the property rates in that particular locality. Zamanzar.com also offers an offline, manual property valuation service for a fee where you get a written property valuation report signed by a licensed property surveyor.

Zamanzar.com is currently ranked within the Top 10 real estate portals in India according to Alexa traffic rank. The company was started in 2007 by Nisheeth Ranjan, a graduate of Cornell University and Stanford University, after having worked in Silicon Valley, California for more than 10 years. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial real estate across India. The real estate portal has more than 200,000 property listings and offers online and offline services for buyers, renters, owners, agents, and builders. These services include online marketing, property tours, property appraisals, title checks, financing, negotiation, legal paperwork, property registration etc.

Is There A Slump In Gurgaon Property Market Now

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Reportedly, there is a little slump in the Grugaon properties market now, though its magnitude is not alarming. Going by the industry assessments and reports, the nascent recession in the economy and its all-pervading sway is still keeping a thin pall of gloom in the residential as well as commercial segments of Gurgaon real estate market. In fact, the world economic meltdown started from the largest economy of the world, the US, and it has spread as shock wave across the global spectrum cutting across national and continental economic regions. As an inevitable corollary and consequence of this malady, the Indian economy has not been able to remain immune and has been affected to some extent. This has crystallized in to the economic matrix of the Gurgaon property market and market has been in jittery for long. However, now along with the recuperating national economy, Gurgaon property sector is back in the saddle, a little hang over notwithstanding.

It is an estimated fact that there is a little slump prevailing in the Gurgaon property market now. Let mathematics speak. Before the onset of the recession, property for sale in Gurgaon fetched an annual average appreciation of 15% to 20% in the prime residential locations of DLF Phase1, DLF Phase 2, DLF Phase 3, Sector 15, Sector 16 and sector 18. However, right now properties of the same description in the same locality do not show any considerable appreciation over what they could fetch before the incidence of the recession. In order to appreciate the real appreciation value, the analysis should be in the light of the escalating inflation. In fact, the prices went down during the recession. If the current rates are compared with the immediately preceding trend during the recession, there is an increase in prices from10% to 20% per cent now. But when we compare it with the prices before the recession, the current prices are a little less and that is indicative of a slight slump.

The little slump in the Properties in Gurgaon market is estimated to be of a transient phenomenon and the market will enter a growth trajectory in the immediate future. International investment analysts concur that the coming years the Indian property sector as a whole will show an appreciable growth. This speculation is in resonance with the finding of the World Bank that in a scene where the major world economies show a retrograde trend, in the coming years India along with China will show considerable growth in national income and gross national product. This growth in the national income will directly push up the real estate sector. Hopefully, Gurgaon property market will register considerable appreciation in the coming years.