Posts Tagged ‘Real estate in India’

New residential projects in Hyderabad boost real estate sector

Thursday, December 20th, 2012

Real estate in Miyapur due to the recent growth of residential projects in Hyderbad. As it is situated in NH 9 in the Hyderabad IT Hubs – Hi-Tech City, Gachibowli enjoys the most growth proximity.

In last two years, 12 projects came up and 30 more apartments in Hyderabad are lined up to be delivered in next 3 years.

Builders like SMR Builders Pvt Ltd, Rishi Sai Ram Projects Pvt Ltd, Divya Shree Shakti Group, Sri Shreenivasa Constructions, Amulaya Constructions, Aparna Constructions & Estates Pvt Ltd, Ushodaya Constructions and Empire Meadows are coming up with their projects in the following years.

Developers like Girdhari Constructions, Divya Shree Shakti Group, Rishi Sai Ram Projects Pvt Ltd and SMR Builders Pvt Ltd are coming up with projects that offers 2 and 3 BHK apartments in Hyderabad with high-end amenities like swimming pool, club, gym, tennis ground, children’s park, etc.

The unit’s  size will be of 1050-1200 sq ft and 1360-1550 sq ft for 2 BHK and 3BHK  respectively. Whereas Miyapur  residential apartments range is between Rs 2800 – 3300 per sq ft. Although Miyapur real estate market comprises of IT professionals and students, outside buyers have also started investing in this belt of Bolarum, Balapur and Bachupalli.

As it is connected directly with the International Airport  and metro is the upcoming development of the area, Miyapur ‘s is growing rapidly along with  increase in demand and supply of properties.

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Hyderabad office space absorption went up

Thursday, July 5th, 2012

Office space absorption went up in Hyderabad for the January-June 2012 period. There is a rise of 5% office space absorption. It was 1.63 million sft in 2011 first half and in first half of 2012, it grew to 1.71 million sft.

Other cities like Bangalore, NCR, Chennai and Pune showed drop in demand for office space. There was a drop of 53%, 45%, 12% & 5% respectively in NCR, Bangalore, Chennai & Pune. During first half of 2011 it was 2.9 million Sqft, 5.45 million Sqft, 1.96 million sqft and 1.46 million sqft respectively for NCR, Bangalore, Chennai & Pune. This year, in the first half the absorption plunged to 1.35 million sqft for NCR, 3.01 million sqft for Bangalore, 1.72 million sqft for Chennai & 1.39 million sqft for Pune.

The study was conducted by real estate consultancy firm Cushman & Wakefield. According to the firm, the cities like Hyderabad, Mumbai, Kolkata and Ahmedabad office space absorption went up in first half of 2012 and the rate plunged in cities like Bangalore, NCR, Chennai and Pune during the first half of 2012.

http://www.commonfloor.com/stories/5-rise-in-hyderabad-office-space-leasing-24069

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Foreign Direct Investment in India down by 11 per cent

Friday, May 13th, 2011

Foreign direct investment (FDI) in India down by 11 per cent year-on-year to $1.07 billion in the backdrop of financial turmoil in Europe. FDI in India declined for the third consecutive month in March to $1 billion. During the fiscal 2010-11, the inflows declined by 25 per cent to $19.43 billion, which makes it imperative for the country to fine-tune its policies to attract overseas investment. The FDI during 2009-10 had totalled $25.83 billion during 2009-10, which, too, was lower than $27.33 billion invested in the previous fiscal.

 

 

 

More News:  commonfloor.com

 

 

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Higher Interest Will Push Up Monthly Installments For Home Loans

Wednesday, May 11th, 2011

Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 lakh.

Pradeep Jain, chairman, Confederation of Real Estate Developers’ Association of India, said: ‘‘The increase in rates will intensify the cash crunch scenario the industry is facing. The current pressure on prices is global in character and reflects supply-side bottlenecks. The solution is not monetary tightening.”

 

 

 

More News:  commonfloor.com

 

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Higher Interest Will Push Up Monthly Installments For Home Loans

Friday, May 6th, 2011

 

Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 lakh.

Pradeep Jain, chairman, Confederation of Real Estate Developers’ Association of India, said: ‘‘The increase in rates will intensify the cash crunch scenario the industry is facing. The current pressure on prices is global in character and reflects supply-side bottlenecks. The solution is not monetary tightening.”

 

 

 

More News:  commonfloor.com

 

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GHMC To Impose Surcharge on Development Works

Thursday, April 28th, 2011

The Greater Hyderabad Municipal Corporation (GHMC) to collect surcharge and other taxes in colonies where new development works will be taken up under Total Infrastructure Program (TIP). The works would be taken up in new colonies in surrounding municipal circles with a loan of Rs 600 crore proposed to be taken from various financial institutions and banks.

Four options are being considered for collecting surcharge and other taxes from residents of the new colonies.

* As per the first option, colonies that benefit should pay special betterment charges till repayment of the loan is completed.
* The second option is property tax should be increased by five to 10 per cent per year on all properties like in the case of gram panchayaths as a surcharge.
* While the third option is to collect 10 per cent surcharge on property tax from residents of the colonies where infrastructure is created through the loan amount. The Total Infrastructure Program (TIP) surcharge would be in force for 10 years from the year of completion of works.
* The last option is in lieu of TIP surcharge, the colony associations might be given an option to pay 10 per cent of the project cost.

 

 

More News:  http://www.commonfloor.com/stories/ghmc-to-impose-surcharge-on-development-works-3777

 

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