Indian Property News on 'May, 2007'

Delhi Real Estate Price Trends

Delhi is the national capital of India and also one of the hottest destinations for investors. One of the most proactive reasons for investor’s priority as such is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.

The recent sealing drive of illegal commercial properties in Delhi for instance had no effect on the property market as such. However, as traders panicked for alternate options, it did create a significant increase in property prices of commercial properties in the malls and other legally acclaimed retail outlets. Delhi’s Khan Market also been in the news recently for been the costliest retail locale in the world. Read More »

Godrej Properties Upcoming Ventures in Bangalore Property Market

Godrej Properties, the real estate arm of the Godrej Group, has recently introduced two property projects worth Rs 850 crore in Bangalore.

The company is expanding its horizons in the Garden city through Godrej Woodsman Estate, a 2.3 million square feet residential project being constructed in phases.  The project will come up on a large area of 15 acres, located about 1 km from Herbal Flyover on the Bellary Road. Read More »

Bank of India Offers Loan to Buy Furniture

Shopping for exclusive furniture to furnish your apartment seems like a pretty fun but a prohibitive undertaking. However, the task seems to have become the most cost effective and easier with the first ever furniture loan mela in Kolkata.

In a tie-up with Bank of India, the customers can avail loan from Rs 10,000 to Rs 10 lakh for one year to three years. Read More »

Chennai Property - Digs that can Produce Gold

Chennai is regarded as both the commercial and cultural capital of South India. The city is fast transforming into one of the most sought after destinations by foreign investors looking to make substantial presence in India real estate.

Today, the property market is looked upon as the only tool that can generate immense wealth and new value. And Chennai real estate is no exception to this belief. The city famous for its vast coastline stands at advantage from different aspects. When comparing its cost of living with its counterparts like Delhi, Mumbai, and Bangalore, Chennai still offers the lowest. Read More »

Paving or Blocking Ways for India’s Dynamic Growth?

Despite having a bullish economy, India requires sustaining a growth of 8% or more. Choking off every type of fund flow into real estate can bring a bad impact. The failure of the government not to summon the political courage required to fix the root problem of artificial shortage of urban land keeps treating the underlying depression.

In an endeavor to prevent the flow of private equity and venture funds into real estate, the government brought stringent guidelines for venture capital regime thereby affecting entrepreneurship across the board. Read More »

Karnataka to Launch Online Registration of Properties

Encouraged by the success of Bhoomi, a project in Karnataka to computerize all land records in the state, the revenue department is now trying to take task a step further by making registration of properties online.

The revenue minister Jagdish Shettar had a meeting with sub registrars and inspector general of stamps and registration (IGSR) to discuss the same. The move will simplify the registration process for both sellers and buyers, as per guidance values.  Also, this will help to deter property scams to a large extent, explains Shetter. Read More »

Birla Looking Forward to Indian Retail Sector

Having carved a niche in construction business, the $24 billion Aditya Group has now set sights on the fast developing retail sector. The group had recently acquired southern retail chain Trinethra, unveiled the brand name of its store – MORE.

Also, the group has plans to invest a whopping Rs 9,000 crore to enter into the $320 billion retail market, of which only 3% is organized. It is believed to be a strategic move which will give the cement-to-telecom company a new platform to go ahead in the organized retail trade in India. Read More »

Hosur - Realty Contours of an Emerging Boomtown

Hosur, a town in Krishnagiri district in the Indian state of Tamil Nadu, has become a magnet for multi national companies which have fuelled the rise in property price in this small town.

Located at a 30 minute drive from Electronics City, Hosur is home to IT majors like Infosys and Wipro. The place has emerged as one of the top investor’s choice for real estate investments. Read More »

Vacancy Levels Remain High in NOIDA

The commercial property market in Noida is seeing a slide in price, bucking the trend in the National Capital Region (NCR). However, this suburb near Delhi, has recorded a high vacancy level of 26.2% for its Grade A commercial buildings, or office space, in the first quarter of 2007.

Addition of large chunk of commercial space has given a boost to the commercial property in Noida, as per the data compiled by real estate consultant Jones Lang LaSalle. Around 1.2 million sq ft of commercial space had been added to the existing supply of 2.86 million sq ft. in Noida. Read More »

A Walk Down Hyderabad Property Avenue

Hyderabad, primarily known as the ‘City of Pearls and Minars’, is the fifth largest metropolis of India. Today, eyes of potential investors are set on Hyderabad which is staying in step with the overall property market trend existing in the country. Despite all odds, the city is improving in good deal of activities.

Hyderabad real estate scenario has changed fast over a period of time. Most of the demand especially for the commercial property comes from the IT companies which prefer Hyderabad over any other cities in the country. With the entry of global players like Microsoft, Oracle, Bann Info, Satyam Computers, and many others, Hyderabad property market structure has certainly undergone a paradigm shift. Read More »