By
K Mangal
Residential Property in India
The Real Estate industry in India is growing at a rate of 33 per cent per annum. This also reflects the coveted position of residential property in India which has been witnessing an insatiable surge in demand. This remarkable growth has also lured multi-national realty companies to the country in the hope of doing roaring business.
Property in Gurgaon has acquired distinctiveness for their international touch by developers of repute malls. Commercial buildings developed by reputed developers like DLF, Unitech, Vipul, Vatika and JMD, DLF, Omaxe Parsvnath and Suncity Projects Ltd. have evolved a benchmark in commercial (retail and office space), industrial & residential/rental properties in Gurgaon. With the recent constructions, adequate supply is maintained and adding to the existing pool of properties in Gurgaon with better finish, provided either by the developers or the apartment owners.
Retail Space in Gurgaon is testimony to the fact that people with rising incomes and busier lifestyles favour format retail stores in different sizes and categories, especially in premium, luxury and value-oriented ones. This has led to retail and commercial business becoming very specialized.
Real Estate Delhi
Property Market in Delhi is a tremendous market for property sale and purchase of all sorts of properties, be it land/plot, commercial real estate or residential property. Delhi Properties are popular among overseas Indian buyers who are considering buying flats in Delhi, as well as independent villas and luxury apartments and townships.
Apartments in Delhi
Commercial Rental Property in Delhi command high values in South Delhi locations particularly Qutab Institutional Area, Nehru Place which caters to the corporate office demand in Delhi and industrial belts like Mohan Cooperative Industrial Estate (MCIE) and Okhla which attract smaller IT/Telecom setups.
South Delhi continues to witness a rise in the leasing activity. Property Brokers in Delhi run good business negotiating lease rental deals. Luxury Apartments in Delhi comprise snazzy apartments with plush interiors and advanced facilities, condominiums and penthouses. The demand for Bungalows in Delhi and apartments is largely lead by senior executives from multinational corporates upscale and glamorous apartments, diplomats and expatriate families.
Prime localities in South and Central Delhi such as Vasant Vihar, Shanti Niketan, Jor Bagh, Golf Links, have a good supply of 'builder
apartments' (newly developed low rise buildings) as rental homes in Delhi.
Property in Delhi
Service Apartments in Delhi are working extremely well. These along with the hotel industry in Delhi have got a fillip in the wake of the prestigious Commonwealth Games to be held in 2010 in New Delhi. The plans include an estimated 22 hotels, and serviced apartments.
Retail Space in Delhi is prized and experiencing a major growth with the opening up of FDI in the retail sector. Indian and international brands rub shoulder to shoulder in Delhi Real Estate (India) with the involvement of high-class retailers who have brought about the mall culture in Delhi real estate. Mayur Vihar areas in East Delhi and Vasant Kunj area in South Delhi are fast gearing up.
Noida Real Estate is set against conditions of ultra modern infrastructure and appreciating property prices. Those looking to buy property in Noida have come to see it as a viable investment option. These investment properties in Noida serve as rental apartments or rental homes for the corporate population.
Residential properties in Noida range from the flats/apartments, independent houses to high-end luxury homes with choices of bungalows, villas, condominiums and penthouses.
As regards to commercial property in Noida, a number of realty deals have taken place in Noida. Moreover, real estate developers in have come up with innovative projects and facilities in office complexes.
Ghaziabad Real Estate
SVP Builders India Ltd., have a 2000-crore real-estate development company increasing its foothold in Property in Ghaziabad, has ‘Gulmohur Greens’ with 300-dwellings as a feather in its cap. Gulmohur Greens is just 8km from Delhi.
Ansal API, the leading real estate developers of the country, has announced bookings for residential plots in its latest township venture called Aquapolis, a high-end residential township in Doondahera, Uttar Pradesh.
About the Author:
The author is an associated editor to the website http://www.indianground.com Indianground is dedicated to explaining all your related queries on real estate India and Property in India, with the latest news updates. Your feedback and comments will be highly appreciated at "krmangalam@gmail.com".
Submitted By
Kumar