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.