Wednesday, 27 March 2013

Commercial Real Estate India

These days commercial real estate market in India is becoming a professionally managed business. As businesses switch to a 24 x 7 x 365 mode, real estate builders and managers in India are putting in place systems that cater to these new conditions. Elaborate workout areas, employee friendly cafeteria, parking facilities for the pick-up vehicles are all built into the lease agreements and scrupulously maintained. After all, employee attrition can sometimes be curbed with more perks such as these.

IT connectivity with multiple layers of glitch-free switch overs is also the norm in corporate real estate today.

A single delay in switch over will amount to multiple thousands of dollars lost and contracts cancelled. Therefore, the property manager is no longer an administrative clerk sitting in the entrails of a building surrounded by files. Builder has a series of blinking lights indicating the status of various systems that are keeping the building functioning smoothly. A computer operated security system tells him who exits or enters the building. Security is the key to successful corporate and commercial real estate management in India.

Slowdown the Demand of Office Space hits the Commercial Real Estate Market in India

From last couple of months, IT companies turnover down in Indian market and the reason behind is USA market is going very slow.  Large number of IT companies and small level companies, shut down their small offices in India. The result of this slowdown IT companies hits the commercial property market in India.Some commercial real estate brokers said market will booming again in coming years. Whenever US financial market will boost and this will impact on the commercial real estate industry in India.

Friday, 15 March 2013

Real Estate Growth Growing Sky Line of Gurgaon

The quality of property developers in Gurgaon and the substantial space in need and stock are vital aspects that are favorably having an effect on the altering horizon of Gurgaon.

Property in Gurgaon, Gurgaon New Master Plan 2031
The brand-new establishing sectors of Gurgaon are becoming centers for real estate tasks, as the expanding need for real estate, enhancing connection like the honest Gurgaon-Dwarka Expressway and KMP Expressway, and accessibility of land have all raised the capacity of these places.

2 main factors that are favorably impacting the altering horizon of Gurgaon Property are the quality of real estate builders and the substantial gap between need and supply.

With increasing need in real estate, many of the real estate advancement has actually moved to recently establishing sectors of Dwarka-Gurgaon Expressway, major Gurgaon-Sohna Road, and Golf Course Extension Road. According to recent update, Gurgaon will see the delivery of around 29,900 residential units in these locations this year.

After the approval of the New Gurgaon Master Plan 2031, there is wonderful room for real estate advancement along NH-8 and the recently establishing sectors at Sohna. Significant developers like DLF, Unitech, Ansal API, Adani Realty, Tata Housing, Godrej Group, Raheja Developers, Emaar MGF, M3M, Satya Group, Ramprastha, BPTP, Assotech, Antriksh, Supertech, etc, have actually introduced jobs right here in the current past.

Thursday, 14 March 2013

Property Prices in Mumbai can Fall

According to the latest survey, Mumbai home buyers in 2012 are estimated to have dropped by more than 60% from their 2007 peak time. The reason behind of Property prices fall is houses and apartments beyond the reach of middle-class families.

Mumbai Real Estate Market is one of the most expensive in India and unsold residential property stock increased year by year, which is giving to hope that property prices in Mumbai may fall, if builders not lowering the prices of built apartments. Most of the investors as well as property buyers wait and watch for the price fall in Mumbai property, just because of unsold property units in Mumbai.

The average apartment cost in Mumbai, Rs.1.15 Crore in December 2012 compared with 85 Lakh rupees in December 2010, a jump of 35%. Only Delhi NCR Region have rise of 46% is more than Mumbai Property Region.

Mumbai Property Tax Fees

Mumbai home owners over the past couple of months have received the massive charges of property tax fees, that is being charged with reviewing influence from the 2010 Year as the Mumbai Property tax in various cases has been doubled for residential properties as well as three times for many commercial properties in Mumbai city.

New Property Tax System in Mumbai
More than 35,000 residential societies together with 40 Non Government Organizations have planned a hunger strike for one day and they will move against the new property tax system of Mumbai Government.

Bombay Municipal of Corporation has already received almost 4000 tax complaints relating to mistakes in the property tax and so far, it has collected more than 10 crore rupees from people through capital value based property tax.