It is an established fact that scheduled infrastructure projects tend to increase the value of properties in the adjoining areas. This occurs because the infrastructure project becomes a part of USP for the developers or property owners. There have been instances where property prices have increased 50-70% from the announcement of an infrastructure initiative until the operational phase.
Demand for mid-segment residential units in Mumbai is far greater than available and future supply, therefore growth is expected in 2011. In the industrial sector, cities such as Ahmedabad, Vadodara and other port cities in Gujarat are seeing the highest growth.
Finance Minister Pranab Mukherjee has urged the real estate sector to be sensitive to the purchasing power of the poor while pricing their housing units. Speaking at the 10th national convention of the Confederation of Real Estate developers” Association of India (CREDAI) in New Delhi on Dec 16, Mukherjee also called for greater integrity in development, construction and marketing or real estate business.
There is a lot of housing supply coming in, but the affordable variety is not happening where it is needed the most – in the central regions of cities like Mumbai, where properties are extremely overpriced now. Nevertheless, this is causing newer locations to be developed in the further suburbs, so the residential market is expanding.
Track2Realty is preparing an exhaustive data bank of real estate…
Track2Realty is preparing an exhaustive data bank of real estate…
The organized segment of Indian real estate is only about two decades old. It could be seen as understandable that true governance is too much to ask at this early point. However, we have reached a decisive point in 2010, which was indisputably one of scams.
Various factors can negatively affect the value of one’s real estate assets. Being aware of these is an inalienable part of successful property investment.
The real estate finance advisory has two primary areas of business focus-Capital Structuring Advisory for Local Developers and Strategic Investment Advisory for Capital Investors.
The eastern corridor of Pune has witnessed rapid growth in commercial sector as Grade A developers have ample stock to lease in the area which enjoys an advantage in terms of social infrastructure, connectivity to other parts of the city, abundant residential options, proximity to airport and railway station among host of other advantages.