India's Most Expensive Real Estate Deals in 2012

India's Most Expensive Real Estate Deals in 2012

National Textile mills land

Price: 2,725 crore (Rs 27.25 billion)
Buyer: Lodha Group
City: Mumbai
India rank: 1




 

Thane plot 

Price: 1,250 crore (Rs 12.50 billion)
Buyer: Agile Real Estate
City: Thane
India rank: 2

Commercial space


Price: 1,000 crore (Rs 10 billion)
Buyer: Blackstone
City: Bangalore
India rank: 3

Maheshwari bungalow

Price: 200 crore (Rs 2 billion)
Buyer: Sajjan Jindal
City: Mumbai
India rank: 4

Chanakyapuri plot

Price: 111 crore (Rs 1.11 billion)
Buyer: Sudhir and Samir Mehta
City: New Delhi
India rank: 5

Indian Real Estate Market Forecast in 2013

According to real estate expert the real estate market will improve moderately in 2013.The property prices have breached affordability limits in cities like Mumbai. However, real estate developers will have to factor in the ground realities of the business while discussing the lowering of prices to catalyze sales in 2013. Builders are already overwhelmed with the increased rates of construction cost and cost of license.

It has been found in year 2012 that residential properties are not selling at current price point. But in 2013 the only way to catalyze healthier sales is offering buyers tangible financial relief. The cities of India will see an increase in residential launches in 2013. In 2012 the southern cities of Bangalore and Chennai had recorded historical high in terms of the number of launches during 2012.

To attract property investors, developer will also offer attractive benefit on pre launch property investment. While developers with large scale real estate projects will be under greater pressure to offer discounts than smaller projects.

In past three years Pune has recorded an average of close to 6000 units per quarter. As a real estate market in pune has grown too fast in short time, so the launches in Pune will be moderate in the near term.

Commercial Real Estate in India witnesses increase in demand

Commercial real estate industry in India

that includes office spaces and retail have started experiencing increase demand after big economic slowdown in past few days.In major cities of india  near about 9.2 million sq. ft of commercial space was sold at the end of June 2012. Ravi Ahuja, executive director for development services at consultants Cushman and Wakefield India said that the sale of commercial property was 5.8 million sq. ft in April-June 2009.

It is accepted that Some 16.4 million sq. ft of retail space is expected to be available in 2010.Saleing and leasing of commercial office spaces Mumbai and Delhi-NCR rose 69% and 18%, respectively. The past report says that about 70% of transactions in Delhi-NCR have been recorded in Gurgaon, Noida and Delhi’s south business district. In Noida large multinational corporation firms from banking and IT sector are attracted to set up offices. In Mumbai, most commercial real estate projects are coming up in secondary areas.

Multinational corporation firms are looking for central locations in big metro cities this may be reason for rise in rental cost in these areas. The improved economic climate within the country making attractive market over globe.

Modular Kitchen Design Ideas

Modular kitchens are made of modules that are put together to design the kitchen.The design looks organized and offer enough storage by proper utilization of available space. The modular kitchens not only look stylish but also make the works inside the kitchen easy. As per budget, one can purchase the kitchen cabinets and keep on adding pieces later.Another advantage is cleaning is very easy. During shifting of house, you can carry the cabinets and fix again in new house
The most common and popular types of modular kitchen are:

L-shaped kitchen
U-shaped kitchen
Parallel kitchen
Island kitchen
Straight kitchen

Following are some best design ideas for modular kitchen.

 

Thinking to redesign your old kitchen. Just visit interior decorator in your city http://www.thecompletepropertystore.com/SearchServices.aspx

Pimpri-Chichwad- Prime Residential Destination in Pune

Pimpri Chinchwad is latest hot residential destination with growing infrastructure and best amenities. Strategically located flyovers, public parks, multi-lane roads, urban forestation, ample potable water supply and a ample drainage network emerges Pimpri Chichwad as one of the prime residential location.

Peoples are looking for residential real estate projects with greenery, low traffic, nearer from express highway.Environement of Pimpri Chichwad is absolutely perfect as per these demands.famous developers like Pharande Spaces and Mahindra Lifespaces have snapped up prime land exclusively for building projects in Pimpri Chinchwad .

PCMC is a city still progressing. Existing public and social infrastructure varies according to the individual dynamics of each micro-market. Property rates in localities in PCMC ranging from Rs 3,500-4,500 per sq ft.

Latest and Upcoming projects in Pimpri Chichwad are
• Celestial City in Ravet by Pharande Spaces
• Antheia by Mahindra Lifespaces
• L-axis on Spine Road by Pharande Spaces
• Woodsville in Moshi by Pharande Spaces

View more residential real estate projects at Pimpri Chichwad http://www.thecompletepropertystore.com/real-estates-pune/properties-pune

Investment in Ready Possession flats in Pune

Ready Possession Flats

Real estate industry in Pune is towards upward trends. The prices of residential and commercial properties in Pune are increasing every year. Now a days investment in real estate properties is consider to be most secure and profitable resource. It is completely individuals decision, whether to buy property in Pune as an investment or to reside. While investing in residential property usually two decisions are made either to book a flat in an upcoming residential project or go for a ready possession flat. Again the ready possession flats are usually of two types- New available flat in a completed residential project and second flat for sale.

In case of completed residential project the transaction is usually between the builder and the property buyer. The property rates may vary as per the locations, facilities and amenities in the project. For second sale flats the rates may vary as per year of construction and locations. The deal of second sale flat is between the owner of the flat and the property buyer.

When going for a ready possession of flats it is advisable for buyer to make a checklist to ensure about legal issues, documentation, major repair work and right before taking possession of the flat. Many new residential projects have been launched by reputed builders across the city. There are numerous such ready possession projects. It is advisable to buy a ready possession flat in Pune instead of investing in an under construction project.

Get Best Property Deal in Diwali

It’s time to celebrate festival season. Generally Diwali is the time when lots of real estate projects get launched. Builders and developers launch their new projects on Diwali because it is considered as auspicious and peoples are keener to more real estate investment during this festival. During festive season developer offers discount or attractive gift to attract property investors. Now a days peoples are more enthusiast to invest in buying properties during Diwali.There are several advantage and disadvantages in investing in properties during Diwali.

 

Property investors should be aware about discount offers and gifts offer by builder and developer because sometimes builders may take advantage of ignorant and unaware home buyers. Even tiny offers can cost heavy price. Gift offers like free foreign trip on buying residential flats are nothing but getting tricked. In such types of gifts you are paying more during the time of property booking. A discount offers is a discount only when there is a cut in the price per sq ft.

Following are some suggestion that may help you to get best property deals in Diwali –

•    Purchasing property in lifetime investment so proper planning of property and budget is must.  A well planned budget will help you in determining further factors.

•    After deciding your budget approach minimum 2-3 banks for home loans so that you can choose best option.

•    Make a list of a few builders and their projects. You may contact customers and their clients to know more about services offered by particular builder.

•    Find out information about the exact property rates.

•    Find out the details about the area of the property that you are willing to buy facilities such schools, hospitals and efficient transportation.

•    Check out property documents in case of resale properties.

•    Do not fall for attractive discount and gift offers because this may cause problem.

Be more careful while buying right property during this season of Diwali.Celebrate safe and Happy Diwali !!!

Demands for office spaces are stabilized in Pune

Pune ranked 8th top cities in India. Due to growing IT cities in India, there was high demand for office spaces from last few years. It has been observed that the rental demand for office spaces in Pune stabilized. Few locations are still in demand but overall result shows that situation has stabilized. According to total assimilation of office space will be around four million sq ft during 2012

C B Richard Ellis - a real estate consultancy company stated that existing vacancy levels and lower demands for commercial property have resulted in a sudden decline in supply addition in country.

Some areas of Pune such as Koregaon Park M G Road, Bund Garden, Dhole Patil, Kalyaninagar, J M Road and F C Road observed increase in transaction. The rentals have gone up in these areas from Rs 28 – Rs 30 per sq ft in 2010 to Rs 40 now. In some locations it is as high as Rs 60 per sq ft.Rates in areas like Hinjewadi are sky-rocketing.

Indian Real Estates from sector to industry

Real estate industry is one of the fastest growing sector in india.The annual growth of Indian reality is above 30%.Construction industry is 2nd largest employment generator in India. It holds a 5% share in the GDP development. Real Estate sector has contributed in the growth of Indian economy.

Conferring the status of ‘INDUSTRY’ to the Indian real estate sector may definitely benefit the Indian realty. The Government of India has sent out official notifications confirming this reform program. A proposal regarding Indian realty has been submitted to the finance minister. Government of India will form committee to assess the progress of this reform. This committee includes the urban development, finance and housing ministries.

The realty sector will make finance and loans easily available to the Developers at reasonable interest rates from the banks. Before few years, due to the lack of a developed identity, real estate was disadvantaged of the many such encouraging benefits. But now the realty sector attaining industry status, more such beneficiaries are on the mode to promote its growth and development.

Before investing in Pre-Launch Property

Sometimes loans from banks and housing finance companies to real estate sector have been on decline .This become sometime risky. Lenders are preferring to stay away from this sector even if the cost meets their margins. According to Jones Lang LaSelle, real estate consultancy firm in such situation real estate developers are looking to raise interest-free funds from the market by pre-launching their projects.

While demand for loans in the retail sector continues to be robust so the company is careful in its lending to the developer segment as it is impacting our net interest margins - V K Sharma, Director and Chief Executive, LIC Housing Finance

Pre-launch is a situation where developer informs broker and investor about availability of properties in a particular project that has not been officially put on the market yet. This is spread spreads by word of mouth, but does not mentioned on the developer's website or other marketing media.

Investing in property at pre-launch stage can be anything between 5-20%. It depends upon various marketing factors. However, investors must keep in mind that such project may not have received all required approvals or may not be cleared for home loan approvals by lenders. So, buyers of pre launch property need to check all approval and permission before investing.

Another risk in investing in pre-launch property is that project may be delayed or if developer is unable to raise sufficient funds.

Before investing in pre launched property investor must check following things –
•    Confirm that builder has free and clear ownership of the land on which the project s going built.
•    The pre-launched project must have an Intimation of Disapproval (IOD).It is a set of rules that a developer must obey with so that he can legally construct the building. The IOD is valid for one year and needs to be reissued if the project has not been completed in a year’s time.
•    The project must have a commencement certificate in place.

Hike of 40 per cent in Hyderabad Commercial Property Market

Hyderabad commercial real estate industry again on focus of developers. It has been found that there is around 40% hike in HITECH City and Gachibowli areas of Hyderabad. Developers are interested in developing commercial property in this city.

Most of developers are attracted towards commercial spaces because of continuous rise in property rates  in  Begampet and Komapally areas.Accroding to Omar Farooq, senior sales manager, Modi Builders, Hyderabad –“The Hyderabad real estate market in Gachibowli and HITECH City are still affordable as compare to other cities so that they are able to attract IT companies. ”.The other reason is that most IT companies need more office spaces as they are expanding fastly.

Hyderabad to be priced about 30 per cent lower as compare to other IT cities in India. The Hyderabad city today has several IT majors for suitable areas to set up business. These include IT services, BPOs and several large MNCs.The environment of Hyderabad is also favorable for setting up large facilities.

The commercial real estate has positive impact on the residential sector as well. Numerous residential complexes are being planned close to these areas. The prices of residential flats in the surrounding areas are extremely competitive. Hyderabad real estate market has higher growth in the apartment segment the safety and security issues taken by developers. The residential areas of Hyderabad are close to commercial spaces. It makes travel easy. This also contributes to the growth of office space.

Register your property at ease

Mumbai:

 It is good news for property owners to register their property. A facility has been introduced that allows virtual registration of document.Before this the time frame for registration of properties was 10 am to 5 pm. But from now it is possible for property owners to register their property between 7 am to 9 pm.Two news offices will be soon inaugurated in Worli which will have provisions to record properties between 7am-9pm.

Before introducing this rule the time constraint was acting as a barrier for the daily office-goers. Because office-goers had to skip work to register their property. But now it will be possible for them to register their properties without leaving their work.

It is expected to get 3 more offices in Mumbai to make effortless the burden on the existing registration avenues. Almost 2 lakh property registration is expected to be done annually in these offices.

Decorate Your Living Room Smartly

The living room of our house is most important factor that reflects our complete lifestyle. The look of your living room point out your personality and behavior. That’s why the interior of living room should be given serious thought. A living room is not only for welcoming place for guests but it is the core place in our house where family members let themselves to loose, relaxes at the end of the day. It is place for chit chatting over tea, reading a magazine and much more activities. So it is important to decorate your living room stylishly and creatively.

Following are some tips to enhance your living room –

• Decorating living room doesn't mean overloading it with accessories. You need to plan the look of living room. First decide style and necessary accessories and then go for shopping.
• Before shopping of living room accessories you need to consider the size and shape of living room.
• If your living room is small then use soft colors. Bright colors are suitable for big living rooms. Otherwise you may color one side of the wall with a bright color and the remaining sides with softer shades of the same color.

• You may think of other pioneering ideas for decorating the walls instead of putting frames on wall.
• Cartons have contribution in the look of the living room. Keep in mind the color of walls while choosing colors of cartons. You may choose contras color combination.
• There must be proper arrangement of furniture and sofas. There must be enough space for roaming freely.
• Having a vase full of flowers, Hanging a wind chime will add soothing effect to your living room.
• You can save a lot of space in the living room by foldable dining set and sofa set

Real Estate in India – Profitable Resource of Investment

The real estate industry of any county contributes its economy. In India real estate is second largest employment sector after agriculture. From last few years India has become favorite and most preferred destination for property investment. Economic stability and development in every sector are the major reasons behind growth in real estate in India. Good stock market and robust economy are also considerable factors responsible for rapid growth of real estate industry.
 
The increase in demand of both residential and commercial sector turns real estate industry into a lucrative sector. Due to competition between companies, consumer gets benefits over property like shopping mal, swimming pool, sport room, garden etc.This makes people to reside and enjoy luxurious and beautiful life.

In order to get profitable from your own property one should consider few things before investing. It is very necessary to hire reliable and experienced real estate agents. Hiring the services of a experienced realtor help you in getting an idea about the latest market trends. This can also avoid legal problems or any other property related problems. It is also necessary to seek the help of a property law firm as law firm can verify and also identify any ambiguity if present. If you are planning to invest in real estate then it is perfect time to get profitable property.