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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

Home land gets closer for overseas

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 Road: Emerging location in Pune

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

Dubai housing market overheating

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.

How best to tackle inflation

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

Inflation rise will not allow any price fall in real estate:

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..

Real Estate Market: Which way heading?

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.

NRIs home in on India, account for 10% of sales now

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.

Buy your dream home now

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

CREDAI / MCHI Proposed International Property Exhibitions Calendar - Year 2008 - 2009

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

HILLS & DALES, NIBM ROAD, PUNE

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

Review: Bramha Emerald County, NIBM Road, Pune.

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 the mega brand of Times Group, Organizing a Property Bazaar 2008.

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, Kharadi, Pune

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.

Discuss: No automatic residency for property buyers in Dubai

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.

Asia's realty market on a roll

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