Pune Real Estate Market

The real estate market of Pune is going steady and smooth if compared to other cities, where both residential and commercial property graph is going downwards. While everywhere the experts are expecting a doom in realty, Pune seems to be confronting the forecast.

Perhaps, as Pune was never a mainstream real estate destination, it never saw a huge decline in realty prices. The slump was there in the city but it was only for a short period of time. There are various reasons why Pune has now emerged a preferred real estate destination.

As the IT industry drives the real estate demand in the city, first home sales constitute a major chunk of transactions happening in Pune. In this city, there is always a steady demand for property in Kalyani Nagar and Baner, which are close to two major IT hubs in the city. Besides the IT and BPO industry, the student population living outside their campuses are also responsible for fueling demand for housing in Pune.

Renowned real estate developers in Pune are of a view that the Pune property prices are on the move for a sharp drop. But real estate agents and the local industry experts in the city don’t think that there will be any recession in Pune real estate industry at least in the next 10 years. And Pune real estate developers also assert that the demand is stable and exceeding supply.
At present, Pune real estate market is one of the most active segments in Western India. Private realty players as well as local property builders and civic authorities are pouring in more investments in the city.

According to the latest realty market reports, commercial realty in Pune fetches about 20-25% returns on investment. This makes the city the most favorite and a preferred destination of investors.

The residential property segment is equally upbeat at this point of time.

The buzz has not only been created by the commercial real estate market of Pune but also by the residential realty market. In the residential front, the focus of real estate developers is on affordable housing. Major real estate developers like Kolte-Patil, Gera Properties have announced the launch of affordable housing projects in the city. These developers are planning to build one-room set and two-room set accommodation that costs between Rs 10-15 lakh.

Real estate developers in Pune are now also focusing on the bordering areas of Pune. The city centre boasts of high capital and rental values. Therefore, most of the buyers are now looking for affordable accommodation in the suburban and bordering areas. And, real estate developers are trying to cash in on this behaviour of the property seekers. Property in areas like Kothrud, Vanwadi, Oundh are high in demand. All these areas were earlier the extension of villages but are now they are the hub of property development.

Now, the residential real estate market of Pune is all set to reach newer heights. As per the industry estimates, the city needs almost 40,000 residential properties every year to match the housing demands of its citizens.

Considering that, the Maharashtra government has now given a green signal to private real estate players for setting up fully integrated townships in Pune, under the Public Private Participation (PPP) model.

To cash-in on this opportunity, Pune-based developer, City Group has come forward with its township project ‘Amanora Park Town’, the first project after the government’s declaration.

Under this project, the land would be provided to the developer by the government, who would then build up all the infrastructure comprising residential units and commercial properties. The developer will also be responsible for developing the social infrastructure encompassing healthcare centres, educational institutions, and entertainment facilities within the city.

The Amanora Park Town would be developed in the area of about 400 acres at Hadapsar with all the aforementioned infrastructure and facilities.

According to the real estate agents, demand for medium budget residential properties in Pune is continuously increasing.

Some other real estaet projects coming up in Pune:

1. Greensville Sky Villas in Kharadi by Gera
2. Bloomfield in Ambegaon by Amit Enterprises
3. Regent Park in Baner by Gera
4. Emerald City in Kharadi by Gera
5. Princetown in Undri by Kumar Properties
6. Sobha Carnation in NIBM Kondwa by Sobha Developers
7. Picasso in Hadapsar by Kumar Properties

Useful Checklist For Buying Commercial Property

Buying commercial property is as challenging as purchasing real estate unit. Perhaps, it requires more skills to search for a good commercial unit than to look out for a dwelling place. Parameters like the location, the prominence and the appearance of your commercial property would be influencing your business to great extent. Hence, you must be very tactful while looking out for buying commercial property. Take a look at the following checklist for buying commercial property.

Important Checklist for Buying Commercial Property

Decide at first what kind of commercial property you are looking for. Whether it is an office space or a customer oriented commercial property like a book store or a cafe. For the later of the two, you would definitely require a space which has good location and ample space for the convenience of the customers.

For buying commercial property you are advised to take help of a good real estate agent. The real estate agent would help you in short listing the properties that fit best with your kind of business. He would use his professional experience to identify the locational needs of your business and accordingly may advise you to negotiate for the right property with the correct price quote.

Appointing a real estate agent is also quite useful as by doing so you would be free from the burden of tackling the complex legal paperwork. You need not have to be worry about filling and submitting of the forms and necessary documents required during the transaction as these will be taken care by the agent in your presence.

While buying commercial property, if you are left with some extra amount of money for investment, purchasing commercial unit with some extra space would be a good idea. In future, your business would certainly expand and as a result of which you might soon be requiring more space to accommodate your commercial needs. In that case, you may use the extra space bought by you. Else, you have to again start the long process of looking out for bigger commercial properties elsewhere.
While buying commercial property, make sure that you receive important documents like the NOC and such from the previous owner of the property.

Delhi Property – 16th Most Expensive Real Estate Market Of The World

Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.

Residential Real estate
Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.

Commercial Real Estate
The leading retail brands in Delhi property estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.

New Delhi commercial market space is broadly classified into:
• Central Business District – Connaught Place
• Secondary Business District – Nehru Place & Bhikaji Cama Place in South Delhi
• Peripheral Business District – Jasola, Saket & Noida.
Some of the major transactions in Delhi property market are:

Central Business District
Ministry of Finance – 15,700 sq.ft.
Edelweiss – 13,500 sq.ft.
Maquaire – 7,000 sq.ft.
Atlanta – 20,000 sq.ft

Secondary Business District

Nehru Place
Sunflag – 3,500 sq.ft.
Jasola

Porsche – 14,000 sq.ft.
Sapient – 22,000 sq.ft.
Hansgrohe – 23,000 sq.ft.
Juniper Networks – 8,000 sq.ft.

Saket
ICICI Prudential – 10,000 sq.ft.

Peripheral Business District
Gurgaon
LI & Fung – 200,000 sq.ft.
Deloitte – 70,000 sq.ft.
Ericsson – 70,000 sq.ft.
Kyocera – 12,000 sq.ft.
Fujifilm – 10,000 sq.ft
Noida
Accenture – 2,00,000 sq.ft
Sapient – 2,00,000 sq.ft
Amway – 26,000 sq.ft

Conclusion
Thus, Delhi is a preferred place for investors worldwide and the city is a significant destination for leading MNCs, IT/ITES companies and corporate pouring lot of investments that in turn creating a hue demand for commercial real estate space in Delhi property market.

According to industry survey, Delhi real estate is considered to touch greater heights in the hospitality sector with 27 new hotels and serviced apartments with more than 4900 rooms in the next 3-4 years. And, the other interesting and fascination information is that Delhi real estate is expected to touch minimum hundred shopping malls by end of 2010 due to burgeoning retail space demand in Delhi real estate market.

The Top Notch Real Estate Companies India

The booming property market of India proves the rapid growth of the real estate companies India. The realty companies of India are involved in varied activities ranging from infrastructure development, residential complex, commercial real estate to retail space development.

The favorable government policies are one of the major reasons behind the growing real estate companies India. The government approves of 100 % FDI encouraging people from all across the globe to invest in India. Let us take a look at few of the major real estate companies.

Major Real Estate Companies India

Ambuja Realty Group – The company is a joint venture organization between Ambuja Housing and Urban Infrastructure Company Limited and West Bengal Housing Board. The objective of the company is to develop affordable homes with strong base and close nature.

DLF – The developer is considered to the be biggest builders of India. The first project developed by the company was on the very heart of Delhi. It is a trend setter in the industry. Much of the credit for changing Gurgaon urban landscape goes to DLF.

Sun City Projects – It is one of the leading companies in India. The company has till date involved into variety of projects ranging from group housing to townships to luxury apartments, shopping malls, complexes for office to amusement parks.

Merlin Group – For the past three decades the company is active in the real estate sector. The builder has successfully developed townships, office buildings, shopping malls, clubs and office buildings in many cities like Kolkata, Ahmedabad and many such.

Mittal Builders – The company has been into the real estate industry for the past 5 years. Unlike its counterparts, the main agenda of the company is to develop real estates. It has successfully carried out its development activities in cities like Mumbai, Bangalore, Pune, Secunderabad, Nagpur and many others.

K Raheja Constructions – The construction company ranks among top 10 realtors of India. It was honored with Best Construction & Real Estate Sector Implementation. Raheja has built many projects in cities like NCR, Mumbai, Pune, Chennai, Bangalore and many such.

There are numerous other real estate companies India that are coming up with innovative commercial and residential projects, changing our very form of living.

Pune Real Estate Market

The real estate market of Pune is going steady and smooth if compared to other cities, where both residential and commercial property graph is going downwards. While everywhere the experts are expecting a doom in realty, Pune seems to be confronting the forecast.

Perhaps, as Pune was never a mainstream real estate destination, it never saw a huge decline in realty prices. The slump was there in the city but it was only for a short period of time. There are various reasons why Pune has now emerged a preferred real estate destination.

As the IT industry drives the real estate demand in the city, first home sales constitute a major chunk of transactions happening in Pune. In this city, there is always a steady demand for property in Kalyani Nagar and Baner, which are close to two major IT hubs in the city. Besides the IT and BPO industry, the student population living outside their campuses are also responsible for fueling demand for housing in Pune.

Renowned real estate developers in Pune are of a view that the Pune property prices are on the move for a sharp drop. But real estate agents and the local industry experts in the city don’t think that there will be any recession in Pune real estate industry at least in the next 10 years. And Pune real estate developers also assert that the demand is stable and exceeding supply.
At present, Pune real estate market is one of the most active segments in Western India. Private realty players as well as local property builders and civic authorities are pouring in more investments in the city.

According to the latest realty market reports, commercial realty in Pune fetches about 20-25% returns on investment. This makes the city the most favorite and a preferred destination of investors.

The residential property segment is equally upbeat at this point of time.

The buzz has not only been created by the commercial real estate market of Pune but also by the residential realty market. In the residential front, the focus of real estate developers is on affordable housing. Major real estate developers like Kolte-Patil, Gera Properties have announced the launch of affordable housing projects in the city. These developers are planning to build one-room set and two-room set accommodation that costs between Rs 10-15 lakh.

Real estate developers in Pune are now also focusing on the bordering areas of Pune. The city centre boasts of high capital and rental values. Therefore, most of the buyers are now looking for affordable accommodation in the suburban and bordering areas. And, real estate developers are trying to cash in on this behaviour of the property seekers. Property in areas like Kothrud, Vanwadi, Oundh are high in demand. All these areas were earlier the extension of villages but are now they are the hub of property development.

Now, the residential real estate market of Pune is all set to reach newer heights. As per the industry estimates, the city needs almost 40,000 residential properties every year to match the housing demands of its citizens.

Considering that, the Maharashtra government has now given a green signal to private real estate players for setting up fully integrated townships in Pune, under the Public Private Participation (PPP) model.

To cash-in on this opportunity, Pune-based developer, City Group has come forward with its township project ‘Amanora Park Town’, the first project after the government’s declaration.

Under this project, the land would be provided to the developer by the government, who would then build up all the infrastructure comprising residential units and commercial properties. The developer will also be responsible for developing the social infrastructure encompassing healthcare centres, educational institutions, and entertainment facilities within the city.

The Amanora Park Town would be developed in the area of about 400 acres at Hadapsar with all the aforementioned infrastructure and facilities.

According to the real estate agents, demand for medium budget residential properties in Pune is continuously increasing.

Some other real estaet projects coming up in Pune:

1. Greensville Sky Villas in Kharadi by Gera
2. Bloomfield in Ambegaon by Amit Enterprises
3. Regent Park in Baner by Gera
4. Emerald City in Kharadi by Gera
5. Princetown in Undri by Kumar Properties
6. Sobha Carnation in NIBM Kondwa by Sobha Developers
7. Picasso in Hadapsar by Kumar Properties

Chennai Real Estate Market Boom And Investing Advantages

There are been a fast growth in the real estate in India, that has uplifted many part of the country such as Bengaluru, Cochin, Hyderabad, and Chennai. The value of the properties in these areas has touched a far unimaginable price. Out of all these cities, Chennai is the one not to be missed.

In Chennai, every real estate sector such as residential, retail, and commercial has a huge demand. In residential sector, both individual houses as well as apartments are preferred. And in commercial sector, SEZ’s are on the rise. And due to this factor, it is emerging fast in laying a strong real estate market, in the whole country and facing an upward trend.

The prices of Chennai Real estate varies depending on the factors like building construction type, location, amenities, accessibility, and so on.

Reasons for Phenomenal Growth:

With this uptrend scale, everyone might be left wondering why the Chennai property is worth. Listed below are some of the few reasons.

1. The city is properly connected to the other countries and satellite cities

2. The city has some of the credible educational institutions in its kitty

3. The city offers a world class healthcare and other medical services and facilities

4. The city has some high-tech communication channels equipped well, for e.g. High speed internet

5. Growth of SEZ’s, IT, and ITES

6. High level income from the IT and ITES division

7. Non residing Indians, who turn back to Chennai for an enhanced opportunities both personally and
professionally

8. The home loan options which are flexible

During the recession period, there was a small downfall in the Chennai’s real estate market. With the situation getting better, the demand has risen again. The expensive areas for getting residential apartments in Chennai are Mylapore, Adayar, RA Puram, Besant Nagar, Annamalaipuram, and Egmore. These are considerably closer to the city area. Apart from this, the other farther from city places such as Perungalathur, vanderloo, and Shozinganalur are also growing rapidly. GST road and OMR road is coming with a lot of residential projects with lots amenities.

In Parallel the commercial real estate market is showing an equal growth. A lot of new projects are under construction, due to the space demand created by the IT companies. The evergreen place preferences for the commercial properties in Chennai are Cathedral Road, Lloyds Road, Nungambakkam, and Anna Salai. If you are a factory or a heavy duty factory owner then you will be ideally looking for places in Ambattur and Guindy. The IT sector has its offices mostly in Old Mahabalipuram, Tharamani, and Tambaram.

Chennai real estate marketers are looking out for every avenue to attract the companies. They segregate the companies in different levels and offer intricate designs and other amenity which is suits the specific sector.Those differences are:

. Grade A – Specifically for Multinational ITES and IT firms.

. Grade B and C – Specifically for domestic and local companies.

People, who invest in Chennai real estate market, can expect a great amount of return, as it has grown in 200 %.

Common Commercial Real Estate Contract Contingencies

Just like residential real estate contracts, Dallas commercial real estate contracts have their share of contingencies. In short, contingencies are found in most real estate contracts and are essentially “escape clauses” for both the buyer and the seller.

Each party wants to make sure they are protected in the real estate contract, so real estate contingencies are a common occurrence. They often make the contract much easier to handle for both the buyer and the seller, as it provides them with an opportunity to back out of the contract for a number of reasons.

Although both residential and Dallas commercial real estate contracts both have contingencies, the contingencies themselves are quite a bit different. The following list details some of the common contingencies found in Dallas commercial real estate contracts:

• When purchasing a parcel of land for Dallas commercial real estate, the contract may be subject to the approval of the buyer’s attorney. Because Dallas commercial real estate contracts may be decidedly more in depth than residential real estate contracts, waiting on the approval of your attorney when buying Dallas commercial real estate is quite common. It is also common to have a contingency that is based on a business professional’s partner or investor, as it is important to get approval from everyone involved before the contract is finalized.

• Many commercial real estate contracts include contingencies that are based on financing approval for the buyer. For tracts of land, this contingency may include approval of a legal survey, if one has not already been done. In addition, a buyer will likely want to include in the purchase agreement some language about obtaining necessary permits and zoning for the commercial property.

• When speaking of commercial tracts of land, there may be a contingency with verbiage regarding liens on the property. In particular, the purchase of the land will be contingent on no “environmental cleanup” liens.

• It is common to have a contingency based on: the buyer achieving a loan of at least 75 percent of the purchase price of the Dallas commercial real estate property; the buyer being satisfied with the inspector’s report; and the buyer being satisfied that the property can be remodeled or renovated to his or her satisfaction. In other words, the buyer will likely include a series of contingencies based on the use of the commercial property and how it can and cannot be used.

The use of a realtor qualified in commercial real estate is crucial, as he or she will be able to guide you when making a commercial real estate transaction. Real estate companies, like VIP Realty, have a plethora of highly qualified and experienced realtors who have extensive experience in dealing with commercial real estate contracts. It is important to never enter into any type of real estate purchase agreement, whether residential or commercial, without advice from a trusted realtor and real estate attorney, as they will be able to best protect your interest in the real estate transaction.

Top 10 Clues You Are Working With A Commercial Real Estate Dealmaker

What makes a successful commercial real estate dealmaker? While not everyone aspires to be a Donald Trump, many will agree he does indeed have qualities of a successful commercial real estate dealmaker.

But specifically what are the qualities of a successful real estate dealmaker? What’s the difference that makes the difference? How do you know one when you see one?

After spending a good many years in the commercial real estate investment arena, I have become pretty adept at spotting them. And frankly, they are a joy to do business with. Here’s why:

Ten Clues Your Working with a Dealmaker

• Clue #1: Dealmakers are KNOWLEDGABLE. They know their market, knows his financial wherewithal in cash and credit, they know their criteria for an investment property, they know how to reduce the gap between the offered price and asking price, they know how to close deals—but most importantly: In essence, they know how to make a decision when the opportunity arises.

• Clue #2: Dealmakers use the tools of financial analysis to quickly size up a property’s potential. They know what to look for in financial statements and they retain sound counsel regarding the legal and financial decisions.

• Clue #3: Dealmakers make a constant commitment to understanding their market and refining their criteria for acquisition. You can tell by the questions they ask. They are prepared. They are thorough. They have researched the market, know what to look for, and don’t waste time looking at properties don’t not fit their profile.

• Clue #4: Dealmakers have financing already in place. They have bank references and track record that indicates they can perform. They maintain established lending relationships, can bid an all-cash price, or can assume existing loans depending on the unique requirements of each deal.

• Clue #5: Dealmakers know how they will manage and improve a property for profitability and increased equity. During their due diligence, one of their major focuses is on anticipated costs so they can factor them into their plans.

• Clue #6: A dealmaker knows it is vitally important to examine a property’s trend of operations over several years, rather than looking at just the current financial statements. This affords them a longer term perspective, once the anomalies have been filtered out.

• Clue #7: When determining the valuation on the operations, the dealmaker will use a average, forward-looking projection that reflects his own operation of the property and the effects of his own improvement plan (rather than use the owner’s stated the valuation on the operations).

• Clue #8: A dealmaker is FLEXIBLE. A dealmaker knows success is about fulfilling the seller’s most pressing needs. They sincerely attempt to structure an offer to meet the seller’s needs, rather than attempt to make the one deal structure they are comfortable with fit every situation. In short, they want, have and use the options available to them.

• Clue #9: Dealmakers NEVER try negotiate every last penny because they know real profitability and increased equity will come from their own efforts to improve the property.

• Clue #10: Dealmakers want to develop a sound strategy and business plan for each property they acquire. Then they follow through on their plan.

In commercial real estate, it’s a common posturing strategy among beginners as well as experienced people alike to “talk the talk”. But when a person actually walks the walk, regardless of the size of their investment portfolio, I have incredible respect him or her.

A word of caution: Experience or years in the business is not a good indicator of being a dealmaker. Size of their portfolio makes little difference. Personality is factor because this is a people business, but it can sometimes be misleading.

The best indicator is their ability to “walk the walk”—and that takes a little time to determine with each person.

In summary, the real dealmakers make this business easy. They even make it enjoyable. They know what it takes to be successful and are willing to do it.