Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

Indian real estate market a safe bet, say consultants Cash invested in the Indian real estate market "is safe", a property consultancy firm has insisted.Affinity Solutions said putting money into property was one of the most secure ways of protecting against the global recession.People now have become "quite sceptical" over investing and dealing with shares, meaning real estate was now seen as safer, the company added.Affinity specialises in helping investors buy and sell in Indian cities like Noida, greater Noida and Gurgaon.Company director A K Jain said:"One of the important reasons why people choose to invest in real estate over stock markets is that real estate is tangible - you can touch it."The recent crash of the Indian stock market is also thought to be the main reason behind changed investor attitudes, the company added.Confidence in Indian property was further boosted this week by real estate advisers Investment Square, which unveiled two "

The booming real estate market in the country has prompted industry players to introduce a slew of innovative products to people willing to pay. From real estate developers to real estate fund managers, from banks to housing finance companies, it's a party time for all. But behind those euphoric times, some banks, with operations in India and outside, are offering innovative products to non-resident Indians (NRIs), which could turn tricky in case Indian real estate market falls into a trough, sources said. It involves the foreign and Indian operations of the same bank, the NRI and his friends, relatives and associates based in India. To start with, NRI, with the help of his friends and others, establishes an Indian company that could do business in the real estate sector. Now the bank in India gives some loan to the company to buy land in India. On the other hand, the NRI keeps a fixed deposit with the wealth management division or private banking arm of the same bank's oversea

Pune: City based Vascon Engineers announced on Saturday a Rs 165 crore residential project, where it wants to build high-end homes of sizes 2500 sq ft and more. The first phase of the project, Willows, is nearing completion and will be delivered in the next six months, R. Va-sudevan, MD, Vascon said. The project will have 80 flats of 2500 sq ft each and 8 penthouses with area of 600 sq ft. The pricing for the project is Rs 4250 per sq ft, he informed. Asked whether the time was right to launch such a luxury residential project in a market stagnated by low demand, Vasudevan said the project is in such a niche that has not lost any demand, the demand for high end real estate is intact, though that for the 1200 sq ft-1600 sq ft bracket has suffered, he said. Each house in Willows has been priced at about Rs 1.2 crore. Vasudevan said the company will announce mid next year the second phase of the project which will comprise three towers of 25 stories each. "We are waiting for the fine

California based INC Developers has entered the heavily slowed Indian real estate market with a super luxurious apartments scheme worth Rs 100 crore, which it would jointly develop in Pune with Amar builders over next 24 months. The super luxurious apartments with 6,500 square foot size each, would be priced between Rs 5 crore and Rs 6 crore. INC Developers, incorporated three years back in California, have completed more than 30 residential projects worth more than $ 400 million. The newly announced project titled 'Manhattan' is its first entry in the Indian real estate sector. Speaking to reporters, INC Developers executive director Jay Kinra said, "Although the Indian real estate mar-ket has slowed down, it will have a temporary effect. And we are building super luxurious apartments, which would be sold very easily." The Manhattan project would have 18 apartments altogether, which would be customised as per the needs of the buyers. "We have already sold ffour

To Invest $1 B In 5 Yrs, Forms Team For India Ops THE global economic slump and downturn in the real estate hasn't deterred Morgan Stanley Real Estate from going ahead with its India plan. It's planning to invest an additional $1 billion over the next five years and has recently formed a large team for Indian operations. These investment plans the company had earlier invested about $750 million in the Indiacome despite views that India could see fewer commercial investment transactions in the near term. There is an opportunity to develop asset management expertise in real estate to help grow the property industry, said Morgan Stanley Real Estate in India interim head Sean Williams, who is also MD of Morgan Stanley Capital KK. The company has formed a 12-member team for this purpose and has also appointed Naresh Naik to head the asset management division. "Infrastructure is key to support new residential, industrial and retail facilities. Limited institutional ownership of

As we all know the recent US Real Estate meltdown where lot of people are finding difficult to pay their EMI's on loan taken from various landers ie. financial institutions including banks and loosing their properties even though paid EMI's before. the stress will be enormous to cop alone with the current situation and everyone will be asking how to escape this crisis? who can give advise or suggestions? There is helping hands for them introduced by http://www.youwalkaway.com/ which is trying to come out with package & ideas to save people from loosing their homes in US and able to stressed out from mortgage payments. The Site http://www.youwalkaway.com/ is quite useful is providing alternate solutions for following points: A) if you are in trouble to sell your house in current difficult real estate market. B) The current real estate steep fall which has shrunk the value of your property.And many In technical terms the site provides solutions as: 1. Forensic Loan Document

Moreover to keep you posted N.I.B.M. ROAD would be soon having Himesh Reshamiya Music Academy , International Hotel Chains, International Wine lounge , Sports Bar and lot many DEVELOPMENTS WITHIN THE VICINITY…..

Foreign direct investment (FDI) in India increased 259 percent in September to $2.56 billion, compared to the same month last year, wit h Mauritius being the largest investorFDI for the same month last year stood at $713 million.The FDI inflows during April-September stood at $17.21 billion, a growth of 137 percent over $7.25 billion witnessed in the same period last year, an official statement said. The services sector attracted the highest foreign investment at $2.34 billion. Construction activities including roads and highways attracted $1.64 billion, followed by housing and real estate at $1.62 billion, and computer hardware and software at $1.36 billion. The top investing countries in terms of FDI during April to August have been Mauritius having invested $5.27 billion, Singapore at $1.72 billion, the US at $1.15 billion and the Netherlands at $580 million. Source: indianrealtynews

i have been wondering from last one year to co-relate real estate and sensex (stock exchange) which are both major choices for investment as people's general views that sensex is falling sharply so the real estate will be also. that made me think more how people are relating the both investment instruments which have quite a big differance in basics and fundamentals. i would really like to share my all blog readers about it and that'y putting my point of view for further discussion: About Sensex: the stock market is treaded with the valuation of piece of paper which has print value of Rs. 10 per share majorly of various companies and people buys it on the market value 0f 100 multiplications, now i have a question that if any one holds share bought at market value and keeps it and see sensex goes up and feels that price of share has risen to extent where there is huge increament in price but at that point also if someone keep holding it and expact return then let me tell you the

The Times Of India Group has announced the winter edition of Pune's most prestigious property exhibition, The Times Property Showcase. The exhibition will be held on November 22 and 23, 2008 at the Hotel Le Meridien, RBM Road in Pune. The expo has been conceptualised with the aim of providing a transaction focused platform to the top builders and developers in Pune. Select projects spread over the entire city suiting the needs of today's discerning home buyers and investors will be showcased at this landmark exhibition. The exhibition will offer the perfect environment for leading promoters, builders and developers in Pune to display exclusive residences as well as high-end commercial spaces and reach out to then-niche customer in this proactive forum. The exhibitor will get the opportunity to have a direct one to one interaction with potential property buyers and investors in Pune. The Times Property showcase will be the perfect opportunity for you to check out premium project

Pune will soon acquire the status of being a metropolitan city in India. According to an Assocham report on 'The 7th emerging metro city in India' it owes its upgradation to a fast development pace in the area of infrastructural facilities, friendly business environment, education avenues and employment opportunities. Contributing factors include the high real estate prices and a large population base as compared to other upcoming cities. The study was carried out in four tier II cities including Pune, Ahmedabad, Lucknow and Chandigarh ranking them on eight parameters necessary for a metro city. They included social infrastructure, infrastructure availability, real estate cost and availability, transportation facility (connectivity), presence of quality educational institutes, employment opportunity, facility of financial services and business environment. Pune occupied first position overall though it needs to improve on transportation, social infrastructure and financial serv

This will be little bit surprising to read my subject line in current market scenario however it is true that this is a right time for NRI's to invest in properties in india as the major factor will be Exchange rate of Rupee against the foreign currencies which has touched the peek and already given the way to get discount indirectly for buying any property in a of depreciating rupee for about 10% and along with the Real Estate developers are giving lot of soaps to their property to sell.

This is with reference to my previous article about Massive Development near about NIBM Area and very improved existing connectivity of roads with the centre location of city i.e. MG Road and Railway station. The Proof to this is that recently the Road coming from MG Road to NIBM from Golibar Maidan side have been converted to one way to check traffic jams and the traffic has been succesfully routed through other roads coming from MG Road Pul Gate Busstand and Command hospital towards NIBM. My reason to draw all readers attention is that it really show great potential for sustainability of growth for future real estate developments in NIBM area. if we have many roads parallely to connect Central location of city then the growth will never get any setback, On the contrary, the today's hot spot like Koregaon and Kalyani nagar are already terribly suffering from regular traffic jams as there is no other alternate roads available to solve the problem now. Hope you will consider this ma

Source: The Hindu Business Line Fall-out of Cash Reserve Ratio cut Kolkata, Oct. 13 While banks do not anticipate an immediate decrease in lending rates after the 150 basis-point cut in Cash Reserve Ratio by the Reserve Bank of India, real estate developers expect the measure to soften home loan rates for its consumers. Demand for real estate property has decreased by nearly 25-30 per cent in the country over the last 18 months, when home loan rates soared from an average of 7 per cent to as high as 12-13 per cent. "The home loan rate in India is among the highest in the world and we expect it to be reduced by at least 100 basis points after the cut in CRR," said Mr Pradip Kumar Chopra, Chairman, PS Group. Mr Abhijit Das, Regional Executive Director, JLL Meghraj, said, "The recent move by RBI is expected to enhance liquidity to the primary and secondary real estate funding, while arresting further de-growth in real estate investments in the country." SUSPENDING LOAN

Wherever you throw the look and find a new shade of green. This is Teak County. Being true to its name, the site has a thick plantation of Teak woods. Keeping its natural greenery untouched, we just added the luxury to the project. A Farm House plots project, where you can build your home as per your choice or you can even choose us to build it for you. Full of opulence and modernity wrapped in the natural green terrains. Take a plunge in sheer marvels spread on sprawling 120 acres. Location: This Farm House project is located on 3 Km from Pune - Banglore Highway which goes towards to Mahabaleshwar, will hardly take driving time of 25 - 30 minutes from NIBM as it is just 22 Km away from NIBM, the ideal location to enjoy weekends and vacation holidays, the project is surrounded scenic beauty of hills looks like a heaven valley. FARM HOUSE LAND UNIT SIZE : 10,000 SQFT.With Optional 1BHK, 2 BHK or 3 BHK Bunglow Construction. Amenities: 1) Internal tar roads with street lights 2) Waterline

Source: The Economic Times PIOs May Get To Buy Property In India Without RBI Approval Visa THERE'S good news for the people of Indian origin (PIO). The government is planning to allow them to buy property in India without mandatory RBI approval and without the hassles of producing a valid visa. The current Foreign Exchange Management Act (FEMA) guidelines are also being amended to remove a 'gender bias' where non-residents whose mothers or grandmothers were citizens of India will also be allowed to buy real estate in the country. The existing rules permit only those PIOs to buy property in India whose father or grandfather were Indian citizens. The proposal mooted by the ministry of overseas Indian affairs seeks to make buying of real estate by over-seas Indians hassle-free and comes as a breather for real estate firms who can now expect more buyers from abroad at a time when domestic demand is low. Current laws restrict investments by PIOs in real estate, causing delays ex

NIBM (National Institute of Banking Management) is become a centre point of lots of big real estate development from last few years with the support of well improved infrastructure, the place has transformed completely however still some people think differently about the location and does not even think about it as their perception about the location is not updated. here i would like to put more light upon why Area near NIBM is and will become one of the best prime location in near future. The major factor which fuels Real estate growth in particular area are: 1) Infrstructure 2) Road Connectivity 3) Schools & Institutes 4) Hospitals 5) Commercial Malls & Multiplexes 6) Upcoming Developments Residential & Commercial. I would like to summerize above factors in one paragraph as they intermingaled each other or batter to say that they complimant each other. the Infrastructure of Roads has been improved a lot on all sides of NIBM which makes easy access and transportation, we

United Arab Emirates: Thursday, July 24 - 2008 at 09:35 Standard Chartered Bank is warning that Dubai's housing market is becoming overheated, particularly in the off-plan sector. The signs of overheating, it said, are related to the 'ultra loose monetary conditions which distort economic incentives and encourage risk-taking behaviour'. It says the government needs to address speculative behaviour.

The inflation fire is now an inferno. It singed wallets on its way from 4.7 per cent in July 2007 to 8.86 per cent in May 2008. It did not stop there, but shot up to a 13-year high of 11.42 per cent for the week ended 14 June. Much of this recent rise is being attributed to the pervasive impact of the increase in the state-administered prices of oil products on 5 June. That looked inevitable after international oil prices rose to an all-time high, up to $140 a barrel last fortnight. Worse, this inflation is not expected to go south anytime soon. Says Shuchita Mehta, senior economist, Standard Chartered Bank: "We expect inflation to remain high for some time and to average 8.72 per cent this fiscal year."Why high inflation is here to stayOil aftershock. With little chance of increasing global supplies, higher extraction costs, production cuts and export taxes in some oil producing countries, and speculative investments in oil by large international investors has buttressed pri

the fact is that prices of each and every construction material has been increased many times and the future suggests that it will rise more, this will affect the construction cost and the cost will be increasing continuously. that means if future the new construction project will be having more construction cost and can not able to offer lesser prices even the case of reduced land prices. So folks, it is better to invest now..

This question is in mind of everybody who is somewhere or somehow relates to Real Estate industry either a developer, investor or common man, The Global economy cycle affected by unprecedented hike or rather say unacceptable oil prices created a panic in world biggest economies like US, Europe and affected growth of developing giants like China & India. the rise is inflation is affecting each and every corner of economy and does not give any respite in current scenario, now in this situation if someone looking to buy properties is worth or not as you can feel that having liquid fund will be more secure rather investing in buying real estate.

NEW DELHI: Home sales in India might have turned sluggish but sales to non-resident Indians (NRIs) are booming. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last six months, from 3% to about 10% of the total sales. "What would happen when one loses his job in the US? The downturn is scaring many NRIs who fear job cuts," says JLLM's Raminder Grover. "There is a renewed interest in selling abroad," says Lodha Group senior VP R Kartik. Many NRIs have been thinking of coming back to India and "many of them are making safety investments," explains Mr Kartik. Over the last few months, Lodha has seen a 25% increase in its sales to NRIs. Sobha Developers has seen the share of NRI sales go up from 5% to 10% of its sales. "In the last six months, we have been selling about 25,000 sq.ft. a month to NRIs," says Sobha Developers MD Jagdish C Sharma.

Experts suggest that investors willing to buy residential properties should not wait. It is better to invest at current levels. The inflation rate is ruling at quite high levels (above 11 percent) and is expected to remain high in the short to medium term. This means the rise in input costs of properties will continue and builders will be forced to raise the property prices in future. Also, home loans attract income tax incentives for the borrowers. This means it is good to invest early in property. However, investors should factor in some variables while going in for a home loan. As a home loan is a longterm commitment from the borrower, it requires proper financial planning. Typically , a home loan tenure is 15 to 20 years. Some factors to consider while availing a home loan: Scheme First of all, a borrower needs to decide on whether to go in for a fixed or floating interest rate home loan. Usually, the rate of interest is 1-1 .5 percent higher in fixed interest rate options. Borrow

Please click this image to view proposed International Property Exhibitions Schedule to be organised by India's Premier MCHI / CREDAI

MEGA LAUNCHING OF HILLS & DALES PHASE III A RESIDENTIAL PROJECT SITUATED AT UNDRI, PUNE. Product Size : 3 BHK Flat Product Area : 1600 sq.ft. to 1700 sq.ft. Product Budget : Rs.60 Lakhs to Rs.80Lakhs

These 3 & 4 BHK Penthouses are in underconstruction project named "Bramha Emerald County" Developed by wellknown Developer named "Bramha Builders", The possession is due between march - Dec. 2008, the detail about the project is as follows: "Bramha Emerald County" (British Life Styles, Indian Values) is the latest address in pune. Nestle atop a hill, Bramha Emerald County is England revisited. Everything about it is oh so British! the ambiance, the architecture, the rolling hills....as if you are in England, even though in Pune. A Residential Township "Bramha Emerald County" Coming up at Off NIBM with the concept of spacious 2,3 BHK Apartments & luxurious 3 & 4 BHK Penthouses. A complete package to those who are looking a place with scenic beauty of pune with hills surrounding it, however just 5 Kilometer away from Main City MG Road & Railway Station. Neighbouring Wanwarie area. The Project is bringing exclusive design of Britis

Magicbricks.com is a high end property portal, which is on an aggressive growth path of showcasing properties to a global market with its sound presence across India as well as across the world. Magicbricks.com 2nd time in a row, achieved Real Estate Excellence Award in May 2008. After the grand success of the our international exhibitions: --India Property Show – Dubai, March, 2007 --India Property Show – Singapore, April, 2007 -- India Property Show – London, June, 2007 -- India Property Show – Dubai, September, 2007 -- India Property Show – Singapore, November, 2007 -- The Luxury Show- Bangalore, January, 2008 -- South India Property Show - Bangalore, April 2008 After the grand success of South India Property Bazaar’08- April 5th & 6th, this time coming up with new horizons of your hopes and your dreams. MagicBricks.com is all set to provide property-seekers in Bangalore with the amazing experience of a landmark Real-Estate Property Fair - Bangalore Property Baza

GERA GREEN VILLE:The complex is of 81 Bungalows of 3 types spread across 13 acres. TheMaster Plan is conceptualised by Singapore based City Planners HelberHastert & Young and the landscaping by Belt Collins International, Consultants from Hongkong. The complex has spacious Club House with alarge Swimming Pool, Playgrounds and gardens. Some of the common amenities include - Independent remote controlledentry for owners, piped LPG, Water Treatment Plant, Security Systemsetc. The Bungalow also comes with a 5 years warranty from Gera which include Preventive Maintenance, Repairs and Re-Painting.

Source: AME INFO United Arab Emirates: Tuesday, June 24 - 2008 at 08:00 Marwan Bin Galita, chief executive of Dubai Real Estate Regulatory Agency (Rera), said there is no direct link between property ownership and residence visas in the emirate, reported Gulf News. Noting that it is 'not a must' that those who buy a property can get a residence visa, he said that even if an investment company applies for a residence visa for a buyer, the residency department could reject it.

Source: The Economic Times Dominic Whiting SINGAPORE I N THE property world, the momentum appears to be with Asia. Funds designed to buy offices in Tokyo or build homes in China and India are sucking up money from Western investors eager to enter a region so far only grazed by the global credit crunch. But is the easy money to be made elsewhere? Maybe in the ravaged London market in the United States in a few months if price declines slow, or even in undervalued Asian property stocks rather than in bricks and mortar? At this week's Reuters Global Real Estate Summit, fund managers ING Real Estate and LaSalle Investment Managers, the property arm of British insurer Prudential and Dubai's ETA Star Property Developers all said they were raising new funds this year to invest in Asia. Hailing strong regional growth and a more mature investment landscape in Asia, where the advent of real estate investment trusts (REITs) has brought more transparency to the murky world of property deve

Source: The Hindu Business Line New Delhi, June 24 The Indian real estate and housing space emerged as the darling of foreign investors in 2007-08, clinching FDI equity inflows of about Rs 8,749 crore, a near five-fold increase over FY07. "The investors have seen that the real estate potential in India is huge. The returns are quite attractive. In fact, we see the trend picking up even further this year as the prices are getting more attractive for investors," Mr Ra-mesh Sanka, Chief Financial Officer at DLF said. Late last year, DLF Ltd had sold 49 per cent stake in eight residential project SPVs to private equity investors for a total consideration of Rs 1,675 crore. A Merrill Lynch & Co entity had bought 49 per cent equity in seven residential projects in Chennai, Bangalore, Kochi and Indore for Rs 1,481 crore. The company headed by Mr K.P. Singh - has also diluted 49 per cent stake, in another middle-income housing project in Panchkula, Haryana, to Brahma Investments

Source: The Financial Express At least 68 million Indians will require independent housing by 2015 and add to the housing demand of nation due to age-demographic effect. Inthecase of urbanpopu-lation, the additional need for housing would be 31 million, a report on the 'Study of Residential Housing Demand in India prepared by the Nation-al Institute of Bank Management (NIBM) for National Housing Bank (NHB) said. NIBM has forecasted additional demandforhousingfor 2012-13 at around 6.79 million, a figure that has been projected by the 11th Planning Commission. Studying the linkages between housing demand and other sectors like steel and cement production, NIBM has estimated a 10 % increase in realised demand for houses (proxied by number of loans disbursed by HFCs and banks) resulting in a 4.59 % increase in steel produc-tionand 4.67% in cement production. A typical borrower, according to the study, would most likely to be a male in the age group of 40-50, a significant 25% were belo

Source: The Economic Times Properties in the metros are literally going out of the reach of common people, the latest is to invest in affordable houses on the periphery, and later on encash these assets to purchase another house in the city. ET Realty explores the idea of buying property in the peripherals. M eet the new home buyer, who is actually a medium-term investor with a long-term end-user perspective first, an investor on the outskirts of the city, and later, a buyer in the city. Take a look at the case of Sanjit Baijal, a guy in his late twenties who works with a retail company. He wanted to own a house in Delhi itself. Anything which can be called a decent accommodation comes for nothing less than Rs 50 lakhs, whereas, he had only Rs 15 lakhs to spare. The result- he explored options in this range and combed the projects across Delhi NCR. The projects in affordable range were all on the periphery of Delhi, further away from the suburbs. He finally invested at the Ansal Town p

Emaar MGF Land, a joint venture between Dubai's Emaar Properties and India's MGF, is to develop 31 million square feet of area in 10 locations in South India with a planned investment of $3bn. The first of these developments to be launched is Boulder Hills Golf & Country Club, a leisure and residential community in Hyderabad. The $1.4bn project features an 18-hole championship golf course, luxury residences, large format retail facility, luxury & boutique hotels and IT park.

Source: The Times of India Mumbai: Small flat-owners across Mumbai could expect greater relief in their property tax assessments. All party MLAs on Tuesday proposed that no changes will be made in the tax structure for flats with an area up to 500 sq ft for an initial five-year period. Put simply, lakhs of middle-class residents in chawls in the island city and those living in old buildings in suburban Mumbai could be spared any increase in the property tax which would shortly be levied on the basis of the market value of a property as against its rental value. The proposal was discussed at the joint select committee meeting of the state legislature which met on Tuesday to seek an all-party consensus to shift to the capital value system of determining property tax while protecting the interests of the middle-class. At present, property tax is calculated on the basis of the rents determined in 1940. Minister of state for urban development Rajesh Tope chaired the meet. While the MLAs una

Source: Business Standard SIDDHARTH ZARABI New Delhi, 18 May S etting a new benchmark for apartments in the super-luxury segment in the national capital region, a local developer is offering 7,672 square feet of super area at a basic prices ranging between Rs 13,500 and Rs 14,750 per square foot (sq ft), the highest in the region. The property is attracting keen interest in the market and analysts said it indicates the market for luxury properties remains strong as ever. The 240-apartment property is being developed by Ambience Infrastructure Pvt. Ltd, a company promoted by Raj Singh Gehlot. Located 800 metres from the toll gate on the Delhi-Jaipur expressway of national highway 8, the 150-acre site borders the vast Rajokri greens. The smallest apartment in the Ambience project - The Caitriona - has a basic sale price of Rs 9 crore, while the largest carries a basic tag of Rs 11.31 crore. There are others charges that buyers have to bear: for preferential location, an open terrace with

Source: The Economic Times Co Also In Talks With Canada's Four Seasons & France's Accor To Set Up Hotels Chaitali Chakravarty & Boby Kurian NEW DELHI/BANGALORE I N WHAT could be mark the beginning of Reliance Industries' foray into real estate and hospitality, the Indian conglomerate has sealed a Si-billion joint venture with the New York Stock Exchange-listed Vornado Realty Trust to set up a real estate fund that will develop a network of mega malls and highway shopping centres in India, not just for Reliance Retail (RRL) but also for others. Reliance is also in talks with the Canada-based Four Seasons Hotels and French group Accor to set up hotels at some of its properties in Mumbai and Ahmedabad. The RRL spokesperson, however, declined to comment. The joint venture with Vornado (ET reported about the two being in exploratory talks in February) is Reliance's fifth global partnership in three months�the other four being with Marks & Spencer, Vision Express,

Source: Hindustan Times Hussain Sajwani, founder and chairman, DAMAC Holding speaks to Nuzhat Aziz on DAMAC's recent venture in India and the investment opportunities in Dubai DAMAC Properties has recently tied up with 60 agents in India across metros and tier I cities. What is going to be the strategy and how will DAMAC sell regional properties to the Indian investors? India is one of the fastest growing markets in the world. The purchasing power has also gone up accordingly If you look at the recent developments with regard to real estate industry alone in India, the picture is quite positive and that has also grown due to the buying power of the consumers in India. We are currently in the feasibility study stage and will share more details as things unfold. Are there any particular cities that DAMAC will focus on? Which are they and why? We are currently looking at Tier 1 and Tier 2 cities. We are in the evaluation phase. However, we feel that the growth is more or less uniform

Source: The Times of India Taking a lifestyle plunge in your swimming pool on the 40th floor brings the ultimate outdoors, indoors . What does it take to make this aquatic statement? reports What makes the exclusive penthouse a coveted segment of premium real estate? Several things. It could be a rooftop terrace or a private clubhouse or your very own swimming pool in your high rise pad. "It translates into a lifestyle experience with the added advantage of privacy," says Vinod Thakkar, CEO of real estate Square Feet "A swimming pool at ground level puts every swimmer vulnerable to peeping toms. A pool on the terrace is off-limits to anyone looking out the windows," he explains. Putting another spin to it is real estate professional Sunil Bajaj. "In space starved Mumbai, real estate requirements at times can be quite complicated. You need to have maximum open space on ground level for car parking, this means you have to move the garden and swimming pool 'up

Source: The Hindu Business Line Our Bureau Pune, May 1 While two townships are already under construction in Pune, the third Metropolis, a 150-acre township is also taking shape. The township is coming up at phase III of Hin-jewadi where Blue Ridge township, a Paranjape Scheme, is also getting ready. Pegasus Properties, a joint venture between Avinash Bho-sale Group and Kumar Properties, has announced the launch of Megapolis at an investment of Rs 1,400 crore . Talking to presspersons, Mr Manish Jain, Joint Managing Director, Kumar Properties, and Mr Amit Bhosale, Director, Pegasus Properties Pvt Ltd, said the property is under construction and would be completed in the next five years. PROJECT DETAILS Mr Jain said the township would have 58 high rise towers with 21 storeys each. The options would include studios, one to five BHK (bedroom hall kitchen), and senior citizen blocks. He said the phase I, which was launched on Tuesday, would give the consumers the options of two, 2.5 and th

Why Invest in Nagpur? Nagpur stands second in the overall tally of most developing cities of India as per Knight-Frank report. 4,00,000 (Four Hundred Thousand) employment is estimated to be generated. The city has shifted from Tier III to Tier II status. Mind blowing appreciation of 500% in the land prices of Nagpur in the year 2006-2007.Around 20 to 30% shrewd NRI investors are already proud owners of this land. MIHAN CITY NAGPUR:- The MIHAN (Multimodal International Cargo Hub Airport at Nagpur) + IT Park + Health City + SEZs project rising over 4055 acres.- Multi Million Doller Investments and land purchasees in Nagpur: - FDI: Rs. 1500 Cr. - Ascendas: US$ 185 m. - HCL: Rs 500 Cr. Satyam & Maytas: 1018 acres - KSL Group: Rs. 450 Cr. - Mantri Realty: Rs 2350 Cr. - Gati Ltd: Rs. 100 Cr. - Jagdamba Realtors: Rs. 2000 Cr. - CIDCO & NMC: Rs. 5895 Cr. - NDF Govt: Rs. 5000 Cr. - L&T: 120 acre. - Wipro: 117 acre. - DLF:150 acre. SAHARA City-106 acre - Rahejas. - H

Source: The Times of India The proposed International Cargo hub (MIHAN) has made Nagpur a real estate hotspot, says Shilpa Sachdev It is one of the fastest growing Tier III cities in India and believed to be India's future IT and Aviation city Nagpur is India's second capital and third big city in Maharashtra. It is famous for its oranges and hence is known as the 'Orange city'. Recent developments have fuelled the growth of real estate in Nagpur. One of them is the proposed Multi-modal International Hub Airport that has suddenly spurred the interest of investors in commercial and residential spaces in the city Located in the centre of India, Nagpur is a strategic location for the Multi-modal International Hub Airport. Boeing's maintenance base is another development that has added to the real estate growth in the city The upmarket zones of the city include areas like Dharampeth, Ramdaspeth, Gokulpeth, Ramnagar, ShivajiNagar, Byramjee town, Gandhinagar and Ravi Naga

Source: Economic Times. The Union Budget, may not have done wonders for the real estate developers but has certainly proved to be a blessing in disguise for the industry with both the movers (builders) and shakers (buyers) sounding equally enthusiastic about it. To explore this Budget bonanza which the real estate sector is about to witness, Times Property takes a look at the new tax breaks on spending and investment avenues of the potential home buyers. A city based young couple, which together fetches an annual income of Rs 10 lakh per annum sound really enthusiastic about the entire tax break provision. Shikha, who works in a bank herself is happy about the fact that her additional spending power would not only make her feel liberated to shop but also help them save better for the prospective property that she and her husband will soon be buying in the Hazratganj area. She expands, “Rishi, my husband and I had zeroed down on a house last year itself, but since we didn’t have the pa