Organised Retail in India

As India surges high with its growth story, the retail sector in the country is bound to come across opportunities like never before. Till a few years back, the retail sector in India was more of an unorganized one with petty vendors dominating the chunk of the industry but now the scenario has fast been changing.

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The real estate boom in India

India needs infrastructure to support its development and perhaps this is the single largest factor that has been translating into a flourishing real estate market in India.

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Mysore - A promising real estate destination

Mysore—the city of palaces—is the shining example of real estate growth in India. Owing to its vicinity to country’s Information Technology (IT) hub Bangalore, the real estate market of Mysore is witnessing tremendous growth for the past few years.

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Mall Space Rentals in Gurgaon

With increasing recognition of malls in Gurgaon as the umbrella of big brands, the drive occupancy or consumer footfalls are also increasing day by day. Ten years ago there was not even a single mall in India: whereas today it is anticipated that towards the end of 2006, India would be having more than one hundred operational malls.

In last months the largest mall to be announced in India is DLF's Mall of India along NH-8 in Gurgaon that will be spread over 3.6 million sq. ft. but after that Emaar MGF is planning to build India's largest mall, the announcement for which will be made in the next six months. Currently on the drawing boards, the mall will ape the world's largest mall (spread over 5.8 million sq. ft.) being built by the compan’s partner (Emaar) in Dubai.

A few years ago the rent of malls in Gurgaon, had gone down to Rs.80 per sq ft per month but today its sky-rocketing with prices like 150-160 per sq ft per month. The real estate residential prices are touching the sky after the success of these malls and the prices have increased from Rs.1200 per sq.ft to Rs.4000 per sq.ft. Big builders like DLF and Unitech are also coming up with amazing projects after witnessing such a positive response of public for malls.

Even the small time builders are now interested in making small malls and lending their most of the part on rent. Because of the increased commercial demand the mall space rentals in Gurgaon have increased by almost 60% in the past two years. One very significant fast fact about malls in Gurgaon is that return through rent on the investment in malls is highest among all segments like residential and office space.

Compared to all the mall-cities around the world, mall rentals in India are quite high. It is because of couple of reasons like the existing regulatory policy and operations of too many speculative investors in the industry. The retail space in malls of Gurgaon is undoubtedly going astronomical. The rent rates in the malls of Gurgaon are touching an average of Rs.400 to Rs.500 per. Sq. ft., which has to be around 75-Rs 100 per sq. ft. These rates mentioned are excluding the common area maintenance.

Theme Malls or Specialty malls is the new trend adopted by the promoters and developers of the mall culture so as to create a niche among the clutter of malls. As per the business strategy, developers are focusing on developing theme malls thereby, increasing footfalls in the malls. A few other concept malls are also coming up in Gurgaon in the coming days like the 'Wedding Malls' which definitely will offer new opportunities for mall space rentals in Gurgaon.

Source: space-shop-now.blogspot.com

2,3 BHK Flats Now Within Reach in NCR

With the current boom in real estate, property price in ncr is roaring with a high volume. Property prices are rising very fastly but two to three bedrooms in city as well as suburbs are within reach. A middle class person can think of buying property in main regions like gurgaon, delhi, noida etc...

Gurgaon

When moving towards the suburbs, Gurgaon seems to be ideal as it offers well-furnished apartments and floors. Two bedroom apartments in gurgaon of 950 nsq ft are available at Mapple Heights and Princeton Estate. Silver Oak apartments has bigger 1,100 sq ft, two-bedroom apartments to offer. One can also get an area of 1,400 sq ft in sector 56 of Gurgaon.

Delhi

This budget can get you two to three bedrooms in city and in the satellite towns. South Delhi colonies like Vasant Kunj and Lajpat Nagar offer two-bedroom apartments with a super area of 900 sq ft. At a slightly lower budget, Munirka is a good option for bachelors and students. Independent houses of 900 sq ft are available in Tuglakabad extension.
Sector 9 and 13 of Rohini in north Delhi offer society flats of 1,200 sq ft. Derawal has two-plus-one floors of 723 sq ft. Suresh Sharma of Banwari Lal Properties says, “Pitam Pura offers three-bedroom society flats. These have an area of 1,200 sq ft. Three-plus-one builder floors are also available in sectors 3, 7, 8, 11, and 16 of Rohini.”
Sectors 10 and 12 of Dwarka have society flats of 1,500 sq ft.

Noida

Noida offers three bedroom apartments in sectors 50, 52, and 62. Their area ranges from 1,450 to 1,700 sq ft. Sectors 50 and 62 can offer two-bedroom apartments of 1,300 sq ft.
Those working near Faridabad can rent four-bedroom apartments apartments in sector 46. Also, sector 16 has independent villas of 4,500 sq ft. The list will never end, but one has to make his mind.
Our tip: Do sign the lease agreement before moving into a flat. Also, read the agreement carefully.

Source: expressestates.in/

Property Rates in Gurgaon Jumps in New Residential Zones

The revised collector rates, or circle rates, decided by the Gurgaon district administration will see a quantum jump in property rates in New Residential Zones (NRZ). Gurgaon raises circle rates, property rates to head in north.

These zones are cultivated land being developed into residential areas. The new rates will be applicable from July 4.

For populated areas, the administration has envisaged a nominal increase in rates — 10 to 12 per cent. The rationale, administration officials said, is to tap the growth potential of NRZs. "Property rates have not gone up much over the past few months in areas that are already developed," Gurgaon DC Rakesh Gupta said. "So, in order to be realistic, there was no requirement to increase the circle rates there."

Among villages where property rates will double, or nearly triple, are Wazirpur, Daultabad, Dhankot, Khirki Daula and Sihi Sikandarpur.

Collector rates, or circle rates as they are known in Delhi, in DLF City and Sushant Lok have been increased by 10 per cent. It is a reflection of the sluggish property market of late, officials said.

In DLF Qutab Enclave Phases I and II, for instance, rates for residential property have been hiked from Rs 15,000 to Rs 16,500 per square yard (see box for details).

Land rates in Wazirabad, Samaspur, Gurgaon village, Shahpur, Sikanderpur Ghosi, Nathupur and other villages have been increased from Rs 40 lakh to Rs 70 Lakh per acre. Besides, 20 per cent extra stamp duty would be levied on land on Jaipur National Highway, Sohna Road, Pataudi Road and Sultanpur Road. These charges are payable up to 2 acre depth from the main road.

Real estate developers say the new circle rates are a reflection of real estate trends in Gurgaon and across NCR in the past few months. Circe rates had earlier been hiked in Delhi, followed by a rise in land rates in Noida and Greater Noida.

Gurgaon real estate developer R K Yadav said, “Even with the new rates, the price that buyers will pay in Gurgaon in white will be less than the going rate in parts of Delhi, especially in categories A, B and C."

Source://cities.expressindia.com

Property Buyers spoilt For choice in NCR

There are all kinds of buyers and all kinds of sellers. If you don’t fall into a major trap, you won’t need to look at Greater Noida or Indirapuram. Property Buyers spoilt For choice in NCR. You can find some information here about property in NCR like in Gurgaon, Delhi, Greater Noida etc..

Delhi

There are all kinds of buyers and all kinds of sellers. If you don’t fall into a major trap, you won’t need to look at Greater Noida or Indirapuram, if you had this budget in hand. In Greater Noida, where apartment rates are peaking at about Rs 3,300 per sq ft and plot rates at Rs 32,000 per sq m, you could still buy very large plots or super luxury apartments here, but you could find good deals in better areas as well.
In Noida’s sector 56 and 71, you can get plots between 162-189 sq m, for around Rs 40,000 per sq m. You can also get three-bedroom apartments, with servants quarter. These would 1,700 sq ft apartments for Rs 4,000 to 5,500 per sq ft. In Noida, you can also get independent house in sector 40, built on 112 sq m plots.
Brokers usually don’t entertain queries for Gurgaon, if they are less than Rs 50 lakh. So, you have many options here. You can get 250 sq yd plots in Huda sectors: 14, 15, 17, 45, 46, 55, and 56. Plots of 350 sq yd are also available in sectors 21, 22, 23. Although these sectors are considered away from the main developments in Gurgaon, they are near Maruti factory on one side and Palam Vihar on the other.
Apartments range between Rs 3,500 per sq ft near Palam Vihar and up to Rs 6,500 in DLF and on Sohna Road. Depending on the configuration and location you desire, options are a plenty.
In east Delhi, plot prices at IP Extension are in the range of about Rs 4000-4,500 per sq ft, giving you three-bedroom flats of up to 2000 sq ft. In the rest of Delhi, DDA flats in many areas come in your reach. In areas like Malviya Nagar, Vasant Kunj, East of Kailash too you can get apartments of up to 1,000 sq ft for this budget. However, brokers say that though this is a good budget to shop for property in Delhi, at this budget the deals would be very few.

Mumbai

The amount is good enough to get 1 BHK flats in good localities in south Mumbai and 2 BHK flats in the island city while suburbs can offer up to 3 BHK flats in decent areas. Even if the amount looks good enough, it falls short for a flat in the up market areas of southern Mumbai.
One can get 2 BHK flat in Prarthana Samaj, Tardeo, Agripada, Worli, Prabhadevi, Shivaji Park, and Matunga in central Mumbai. These areas have good infrastructure and location advantages. In some localities here you can get larger spaces but after paying Rs 80 lakh, one would surely look forward to decent looks, strong structure, and a nice neighbourhood.
The suburbs can get you 1 BHK to 3 BHK flats. The central suburbs like Ghatkopar can get you 2 BHK flats while Vikroli can fetch 3 BHK flats in most modern societies. Bandra, Khar, and Juhu sea face have 1 BHK flats at this price but as you go away from the waterfront, space begins to increase and you can get up to 2 BHK flats as well. Lokhandwala Complex and surrounding areas at Andheri-Versova, Vile Parle (W) and Santacruze (W) would get you 2 BHK flats in good locations.

Source:expressestates.in/full_story.php?content_id=88212