Posts

Showing posts from October, 2008

Pune to become 7th metro city in India : Assocham

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

Silver Lining for NRI's to enter India's Real Estate market

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.

Proof of well organised Infrastructure towards NIBM from MG Road, Camp

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

Real estate developers see easing of home loan rates

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

THE TEAK COUNTY - FARM HOUSE Project, Pune

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