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

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.