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With handy finance options available just at the click of mouse, it looks like that people have realised that and the same thing is certainly preventing developers from quoting exceptionally high prices. With liquidity crisis in its last stages, real estate developers in India are not taking any chances and are mainly focussed to repair their dented balance-sheets and financial statements. With many projects in real estate Delhi/NCR region already stalled, this is looking like one practice that can benefit both buyers as well as sellers.

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The prime reason of Olive County Vasundhara project’s success is its location. Away from the polluted & chaotic environment, the dream paradise is situated in Ghaziabad (which some time back was crowned ‘sixth most dynamic city in the world’), a place inhabited by lush-green pastures and sufficient wide space to breathe in fresh air. Luxurious yet affordable, the plots and flats available under this project never give an impression that its buyer has shelled out a fortune to own one.

Speaking of its other interesting aspects, Olive County Vasundhara is just a touching distance away from NH-24 and capital of country, Delhi. That is not all with a Metro-Railway station to soon come up in Vaishali, shuttling woes between Delhi-Vasundhara are nearing their end. However, till then residents of the county have made it a point to hit the nearby Dilshad-Garden metro station for moving in and out of Delhi in the least time possible.

That is not all following the success of projects in Vasundhara landscapes, more and more developers are battling it out to buy a piece of land. Already Olive County has created a history after posting success at time when most other projects failed to take-off completely and fell flat.

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Chennai has successfully walked towards a cosmo outlook in the past few years. Today it is much easier to survive in the city without having the knowledge of Tamil. This has resulted in much more residential movement in the city. Commercially, of all the metros in India, Chennai possesses distinct advantages that the other cities do not. Good supply of talented workforce and increasing movement of IT- ITeS industry to the city have been recent reasons of growth.

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The growth of the IT industry in the city is led by the abundance of good talent in the city. Besides a lot of people from across India are comfortable settling in the city. This is the key reasn for companies like Nokia and Dell to setup their campuses in Sriperumbudur in Chennai.

There has been a paradigm shift in the outlook of the state towards building up the infra in Tamil Nadu, Chennai leading the pack. The port in Chennai gives the city an exceptional advantage and has resulted in some key industry development in this city. Automobiles, Chemical, Manufacturing industries have mushroomed in and around the city. Owing to billions of dollars of real estate investment in the city, the city has emerged as a good investment destination. So, which areas make for a good investment. Primary properties are coming up in OMR, ECR and Thillavur and thus are the recommended places for investments.

The Old Mahabalipuram Road (OMR) is attracting a lot of real estate activity. The area has resurged as the IT Centre of the city. On the anvil are mega residential townships backed by foreign equity players for some of the projects. An upcoming area, there has been realty development to cater to the increasing need of school, markets etc. However, prices may be peaking in the area as prices have doubled since December 2006. These places have a good water and are unpolluted to be and therefore give the advantage of peaceful living in an urban metro city.

East Coast Road, with its scenic beauty has dawned a new avatar as one of the most lucrative residential destination in the city. There are a lot of residential projects coming up in that part of the city. Government has taken definitive steps towards reducing the transportation in that area. Thiruvallur, a sub urban risk zone area has also seen recent activity. Some other upcoming areas include Kancheepuram, Padapai, GST Road, Tindivinam.

In the more established places in the city with good infrastructure include places like T. Nagar, Mylapore, Abhiramapuram, Adayar as these places have good proximity to schools, hospitals and industrial areas.

Chennai can finally look upto a more organized retail industry. The retail scenario has been a on the up. Malls are mushrooming in areas like N.M. Road, Vadapalani,P.H.Road,Anna Salai, C-IN-C Road, OMR, Velacheri and N.H.Road

Ther have been efforts to improve the infrastructure in Chennai. Some problems that plague the city include the cleanliness, transportation, potable water which if solved will make Chennai a more happening destination.

Besides all the above, Chennai is emerging as a tourist destination with a lot of tourist spots in and around the city. Not only for the traveler, due to the much more increased business activity in the city, there are hotels coming up for the business traveler. So there are budget hotels for the domestic traveler, and in the higher category of 5 star hotels for the executives traveling for the multinational establishments in the city.

So to summarize it all the city is an attractive destination. It has a good future with its emergence as a hot IT – IteS destination’ and the other industries. The port is a catalyst in making sure that the boom never dies. The retail industry with the more cosmo outlook will only look up in the next 5-10 years. Real Estate is comparatively cheaper and there is sufficient supply. Go ahead and make a judicious investment.

Growing Indian Real Estate Market

India’s real estate market is on a high growth curve and is today one
of the fastest growing market in the world. It is categorized into four
sub-categories such as housing, retail, hospitality, and commercial.
While housing projects contributes six-seven percent of India’s gross
domestic product, the remaining three sub-categories are also increasing
at a fast pace. The Indian real estate is an infrastructure services
that is driving the economic growth of the country. The role of
Government of India has been instrumental in the real estate
development. There are many developer and buyer friendly policies which
are introduced by government.

The market of India real estate stood at US $ 56.2 billion in the
survey of 2010-2012 and expected to touch US $ 179.9 billion by 2021.
The market is expected to grow at the compound annual growth rate of 20
percent in the period of 2011-2014. With first series the modern cities
expected to account for about 45 per cent of this growth.

The
top eight metropolitan cities such as Delhi-NCR, Mumbai, Bangalore,
Chennai, Hyderabad, Pune, Kolkata and Ahmadabad have maximum office
space absorption were up to 59 per cent during January-March 2014 as
compared to periods of last year. During the period of January-March
2013 Ahmadabad and Delhi-NCR recorded a threefold increase in net
absorption.

In the first quarter of 2014 number of new
residential projects launches with 56,000 units across eight
metropolitan cities and Bangalore recorded maximum number of units at an
increase of 21 per cent at 17,838 units, followed by Mumbai and
Chennai, according to a report by Cushman & Wakefield.

Indian real estate has large number of investment opportunities, all
corporates look to expand businesses, India is expected to witness major
demand for office space in 2014. Office space absorption across the
country’s seven major cities is likely to increase ten per cent this
year to 30 million square feet, according to global real estate
consultant.

The retail space absorption by the top eight metropolitan cities is
expected to more than double to 12.7 million square feet in 2014 and
this will take up the retail space across India’s modern cities to 88.6
million square feet by the end of the year according to a report by
Jones Lang LaSalle.

Real estate construction development sector,
including township, housing projects, built-up infrastructure and these
projects garnered total foreign direct investment (FDI) worth US$
24,211.54 million in the period April 2001-January 2014. Infrastructure
activities during the period received FDI worth US$ 2,539.58 million
according to the Department of Industrial Policy and Promotion.

Indian real estate has some major investments and developments such as
Somany Ceramics plans to invest Rs 160 crores for capacity expansion and
brand building, Lodha Developers has invested Rs 1,254 crores for
acquired Clariant Chemicals’ 86-acre plot of land in Thane, Mumbai,
Xander Group has invested Rs 360 crores in Kapstone Constructions,
Ambience Group plans to invest about Rs 1,80 crores over the next four
years to develop two housing projects in Noida and Gurgaon, comprising
1,100 housing units and Vardhman Group invest $70 in Vardhman Camellias.

The market of real estate is expected to result in high
transaction activity, eminently in income yielding commercial office
equity during 2014.The country still needs to add number hospital and
educational institutes to meet the global average.

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