Indian Real Estate Overview


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  • #2356

    Akhil
    Keymaster

    According to real estate experts, present time is very good for real estate purchase in Indian real estate. Indian real estate market have seen many fold appreciation in current years. It has always remained a debate wheather to invest in multistory flats/apartments, low rise floors or plots/land.Experts says that selection of property for investment depends on the location, prices, developers reputation, economic growth of region, employment/business opportunities & prices track record of a particular area. The region which are showing good real estate potential are Gurgaon, Dwarka expressway Gurgaon, Sohna road Gurgaon, Noida, Noida expressway, Yamuna expressway, Greater Noida, Noida Extension, Ghaziabad, Faridabad, Delhi NCR, Najafgarh Delhi, Chhawla Delhi, Ahmedabad, Indore, Chennai, Mumbai, Hyderabad, Pune, Banglore etc. Noida real estate offers good blend of commercial and residential properties investment options.Noida is very close to Delhi. It is a part of National capital region, NCR. The area has a promising future in terms of infrastructure and living amenities. Noida Expressway, Noida Extension, Mid Noida, Yamuna Expressway, Sector 75, 76, 77, 78, 79, 113, 115, 117, 118, 119, 120, 121, 100, 110, 137, 168, 141, 140, are the high potential areas.In Noida one have various options of flats,apartments,low rise floors,multistoryapartments,plots etc.
    Gurgaon:
    Gurgaon real estate offers good blend of commercial and residential properties investment options.Gurgaon is very close to Delhi. It is a part of National capital region, NCR. The area has a promising future in terms of infrastructure and living amenities.Major areas for propert investment are golf course extension road, sohana road, dwarkaexpressway,southernperpherial road SPR, Northern peripherial road NPR,New Gurgaon etc.Major real estate developers in Gurgaon are DLF Limited, Emaar MGF,India Bulls, Ireo, Tata housing,The 3c company, Paras, CHD, shobha Developers, Puri Constructions,ATS,M2K,vatika,AshianaLandcraft,ansals,Parsvnath,Godrej,Adani,Microtek,assotech,Raheja,Sare homes,Bestech,Supertech, Spazeetc.Gurgaon properties are very good real estate investments.

    Delhi:
    Except the main areas in Delhi, Delhi Govt. has unlocked major land parcels in Delhi master plan 2021.The Master Plan 2021 has created five new sub-cities in Delhi, bigger than Dwarka and Rohini with 60,000 hectares to be unlocked for development or redevelopment.

    New opportunities:
    The National Capital Territory of Delhi is divided into 15 zones as per the new Master Plan 2021.Out of these, A to H,P,M and K1 are in urban Delhi and J, K2, L, N and P2 fall in urban extension.With the projected housing demand pegged at more than 2 lakh dwelling units a year, the new plan focuses on public-private partnerships and has a provision that provides for entry of private developers in the acquisition and development of Delhi.Many developers have already begun acquiring land in some of these new zones. Private equity funds are also eyeing these new opportunities being made available in Delhi.

    If implemented well, the Master Plan would be the biggest real estate opportunity.How soon the government facilitates the participation of the private sector through clearances and level playing fields, Delhi is going to become a new real estate hub for investors & end users. Because of low land prices, Delhi will compete with other NCR areas. The largest demand lies in the mid- and affordable housing segment.

    There will be two urabn express roads. UER1 connects NH1 to NH8 near Gurgaon & UER2 (A 100 m road) from NH1 through NH10, NH8.It will go up to NH2. This road has already been tendered and construction has started. It would be what the Noida Greater Noida Expressway is for the eastern suburbs. Rohini would be 20 minutes away from airport through UER2. Delhi Govt. is keen to complete two UERs before 2016.

    The new green belt MPD 2021 envisages a number of changes related to the location (in the green belt) and construction of such types of properties. Out of the 15 zones, A to H,P,M and K1 are in urban Delhi and J, K2, L, N and P2 fall in ‘urbanisable’ area or urban extension. The document stipulates that land up to the depth of one peripheral village revenue boundary along the border of NCT would be maintained as green belt. New farmhouses will only be allowed in this green belt.

    Redevelopment potential MPD 2021 has a provision for the cluster block approach wherein existing plot owners can pool in their individual properties and redevelop them into apartments with better amenities and greater FAR.

    Areas in Mumbai, Indore, Ahmedabd, Hyderabad, Banglore, Chennai have also shown a good potential. Investors have made many fold of their funds by investing in these areas.

    #2376

    Pankaj
    Participant

    According to realty experts, home buyers are increasingly tilting towards this new breed of realty players that are offshoots of big corporate houses. A leading consultant based in Gurgaon says, “Despite a slow phase for most developers, players such as Tata, Godrej and Mahindra are still seeing an uptake in the sales because of the brands associated with them.”

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