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Old May 2 2012, 08:16 PM   #21
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GGN residential database...

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Old May 9 2012, 03:21 PM   #22
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Default NCR - Largest Residential Market - Knight Frank Report

- NCR is the largest residential market in the country by sheer volume of residential units launched. It currently has higher number of units compared to the other five metropolitan cities of Mumbai, Chennai, Bangalore, Kolkata and Hyderabad put together.

- Nearly 86,000 residential units entered the market in FY 2012.

- Developers were able to gauge the pulse of the market and launched more affordable and mid segment projects than premium projects in FY 2012. Nearly 40% of the units launched, fall in the INR 2.5-5 million ticket sizes.

- As of March 2012, nearly 5, 00,000 units are under various stages of construction in the NCR market.

- The vacancy levels have improved and stand at 36% in Q4 2012 as compared to 40% in Q2 FY 2012.

- Market shows a positive outlook as sales have picked up in Q4 2012. Even though the quantum of units launched in the NCR market is very high, quarters to complete analysis shows that unsold inventory will be absorbed two quarters ahead of the completion based on long term sales velocity at an aggregate level.
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Old May 15 2012, 12:27 PM   #23
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Quote:
Originally Posted by rohaus View Post
- NCR is the largest residential market in the country by sheer volume of residential units launched. It currently has higher number of units compared to the other five metropolitan cities of Mumbai, Chennai, Bangalore, Kolkata and Hyderabad put together.

- Nearly 86,000 residential units entered the market in FY 2012.

- Developers were able to gauge the pulse of the market and launched more affordable and mid segment projects than premium projects in FY 2012. Nearly 40% of the units launched, fall in the INR 2.5-5 million ticket sizes.

- As of March 2012, nearly 5, 00,000 units are under various stages of construction in the NCR market.

- The vacancy levels have improved and stand at 36% in Q4 2012 as compared to 40% in Q2 FY 2012.

- Market shows a positive outlook as sales have picked up in Q4 2012. Even though the quantum of units launched in the NCR market is very high, quarters to complete analysis shows that unsold inventory will be absorbed two quarters ahead of the completion based on long term sales velocity at an aggregate level.

Excerpt ....


...

Gurgaon’s residential development is taking place in particular pockets. A major chunk of residential supply lies on the Northern Periphery Road (NPR), a stretch on the Dwarka Expressway. This area is known as New Gurgaon with residential land use as per the Gurgaon Master Plan 2021. The expressway is in close proximity to the commercial/industrial areas of Manesar. Most of the projects in this location are multi-storey and fall in the mid-segment category. Along with the NPR some other locations in Gurgaon that have seen major residential supply are Golf Course Extension and Sohna Road.


.....


Developers have shifted their focus from Golf Course Extension and Sohna road in Gurgaon to Dwarka Expressway,evident from the number of projects launched in Gurgaon. Majority of the launches took place on the Dwarka Expressway. Gurgaon Greens by Emaar MGF, Unitech South Park, Puri Diplomatic Greens and BPTP Amstoria were some of the prominent projects launched here.

...


Gurgaon shows vacancy levels as high as 39%, since bulk of projects have been further added to the Dwarka Expressway in FY 2012. Also the average ticket size in Gurgaon is high as compared to other micro-markets. Employees working with various companies in Cyber City, Golf Course Road and Udyog Vihar contribute exceedingly to the demand
in Gurgaon. Most of the end users want to buy properties that are ready to move, within a year or two. However, there are few such projects. Construction activity has not picked up on the Golf Course Extension road and developers have been pushing the completion dates further. Northern Periphery Road will take another four to five years to get the infrastructure in place for buyers to even consider moving.
...

Outlook


Market shows a positive outlook as sales have picked up in Q4 FY 2012. Even though the quantum of units launched in the NCR market is very high, quarters to complete analysis shows that unsold inventory will be absorbed two quarters ahead of the completion based on long term sales velocity at an aggregate level. RBI slashing the repo rates will also have a positive impact on consumer sentiments as it might lead to reduction in interest rates for home loans in the near future. Noida Extension projects are also expected to resume construction work in the upcoming months subject to approval from National Capital Region Planning Board (NCRPB). Haryana Development Authority has also introduced self certification system that will reduce the time for approval of building plans and prove advantageous for developers. However, developers are still facing liquidity crunches. Construction costs have gone up too. These factors might restrict developers from launching a number of projects. Prices in the suburban micromarkets of the NCR are expected to remain stable over the next few quarters. However Delhi might see some appreciation in capital values due to limited residential supply.



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Old May 17 2012, 06:03 PM   #24
 
 
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Default Century Real Estate and IIM-B sign MoU

Bangalore-based, Century Real Estate and the Indian Institute of Management Bangalore has signed an MoU for setting up the IIMB-Century real estate research initiative.

The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross-disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, the realty company said in a statement.

"There is a tearing need for such an initiative in the real estate space that will focus on research, act as an interface between the industry and the policy makers and eventually churn out quality human resource for this sector," says P Dayananda Pai, Founder-Century Real Estate.

Additionally the research initiative will seek to provide guidance and policy recommendation to government and industry stakeholders on major issues relating to the Real Estate sector.

"The initial charter for the Research Initiative will be to create taxonomy of relevant data that will be required to do meaningful research, initiate research projects that fill key knowledge gaps and engage with key stakeholders within the industry" says professor Venky Panchapagesan, who has been leading the effort to set up this initiative at IIMB.




Century Real Estate and IIM-B sign MoU - The Economic Times
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Old June 23 2012, 11:52 AM   #25
 
 
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Default Rising Urbanisation Offers opportunities for real estate development, CII –JLL real estate report.

MUMBAI: 2011 was a record year for the Real Estate industry in India. In 2012 as the world tries to spring back from an economic downturn, it is time for the real estate industry in the country to 'Conserve, Consolidate and Grow'. This was both the title and the conclusion of the Confederation of Indian Industry (CII) Real Estate Conclave 2012 held in Mumbai today.

"Construction business is the second largest employer in the nation after agriculture. It accounts for 10% of the nations GDP. Yet it has not been accorded industry status thus keeping benefits from financial institution sides, lower interest rates and easy approval processes away from us. We need to organise, talk in one voice and drive towards the common goal of growth of the industry and the nation if we have to reach our potential," said Firdose Vandrevala, Chairman, CII National Committee on Real Estate & Housing and Chairman & Managing Director HIRCO Developments.

He said to keep up its growth, India need to urbanize quicker, build more cities and reduce graft and corruption because they channelize money away from productive investment.


Anuj Puri, Chairman and Country Head Jones Lang LaSalle (JLL) said that 2011 was a landmark year with record construction and leasing out of spaces in both retail and office space and growth in the residential space. "Absorption rate was strong and upward swing was in process. With the economic downturn 2012 became a sort of reality check and supply has been going up, but absorption has come down. The scenario is less predictable and there is a great challenge. This challenge however is also an opportunity," Puri said.

According to Puri, the need is to increase transparency to improve investor and buyer confidence, work towards easing out of regulatory framework and increasing and developing skilled manpower.

A CII JLL joint report 'Indian Realty - Through The Looking Glass' that highlights the key trends in office, retail and residential space in the country was also released at the conclave.

Unmesh Sharma, Associate Director - Real Estate & Telecom Research Macquarie Capital Securities (I) Pvt. Ltd., said, ``Real estate is losing steam not entirely because of the economic downside. The frustration is really with the slow pace of reform from the government side that is causing investor fatigue. There is very little movement from the government. From the investor's perspective when the European Union is undergoing problems, India should have emerged as the alternate destination but it has not. The problems are in multiple fronts. Yet, that does not mean that the right opportunities cannot come through. Government policies have to be in tune to encourage the sector and inspire investment.,''

In India, the tier 2 cities have become high growth sector for the real estate industry. Despite being a highly fragmented market affordability of homes has made it lucrative for customers. People have started investing in tier two cities now because the tier one cities have reached a kind of stagnation. As the peripheral infrastructure including transportation, education and employment improves in these cities, the real estate industry's is seeing corresponding growth.





Rising Urbanisation Offers opportunities for real estate development, CII –JLL real estate report. - The Times of India
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Old July 28 2012, 09:06 AM   #26
 
 
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Default IIM-B, Century real estate tie up for research

Realty player Century Real Estate and the Indian Institute of Management Bangalore, have inked a MoU for setting up the IIMB-Century Real Estate Research Initiative.

The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross- disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, IIMB Director Pankaj Chandra said in a statement.

In addition, the Research Initiative will seek to provide guidance and policy prescriptions to government and industry stakeholders on major issues relating to the real estate sector, he said. P Dayananda Pai, Founder-Century Real Estate, said there was a “tearing need” for such an initiative in the real estate space that will focus on research besides acting as an interface between the industry and the policy makers “and eventually churn out quality human resource for this sector.”

“The initial charter for the Research Initiative will be to create taxonomy of relevant data that will be required to do meaningful research, initiate research projects that fill key knowledge gaps and engage with key stakeholders within the industry,” said Prof Venky Panchapagesan, who has been leading the effort to set up this initiative at IIMB.








IIM-B, Century real estate tie up for research
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Old August 1 2012, 07:12 PM   #27
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All over India there are over 1.15 crore houses under construction at various stages. It is estimated that more than 600 projects are in the pipeline and will be launched in the next 6 months further adding more than 4 lakh houses under construction.

The figure looks O.K. No problems. But so much houses have not been added to the country in the last 35 years. The demand cannot be justified as genuine, it is just an investment rush
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Old August 1 2012, 07:21 PM   #28
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Less than 35 years ago India's population was 0.6 billion .. in the next thirty or so years we became 1.2 billion. In other words, we have added as many people in last 30 years , as we previously did since Bhagwan Sri Ram walked on the Earth and much much beyond that.

But I agree it's investment rush.


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Originally Posted by McLordGanj View Post
All over India there are over 1.15 crore houses under construction at various stages. It is estimated that more than 600 projects are in the pipeline and will be launched in the next 6 months further adding more than 4 lakh houses under construction.

The figure looks O.K. No problems. But so much houses have not been added to the country in the last 35 years. The demand cannot be justified as genuine, it is just an investment rush
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Old September 10 2012, 10:28 PM   #29
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Old November 29 2012, 03:14 PM   #30
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दिल्ली में किराए पर रहना स्मार्ट आइडिया


इकनॉमिक टाइम्स | Nov 29, 2012, 12.03PM IST
नई दिल्ली।। भारत में प्रॉपर्टी खरीदना हर आदमी की ख्वाहिश होती है। हालांकि, पिछले कुछ समय से प्रॉपर्टी की कीमतों में कोई कमी नहीं आ रही है। इससे लोग रेंटल प्रॉपर्टी में रहने को मजबूर हैं। अर्थयंत्र ने अपनी स्टडी में टॉप सात शहरों की प्रॉपर्टी की कीमतों और रेंटल के बीच का तुलनात्मक अध्ययन किया। इस स्टडी से आप उन शहरों को जान सकते हैं, जहां रेंट पर रहने के बजाय घर खरीदना ठीक होगा।

अक्सर कहा जाता है कि अगर आपको रहने के लिए घर खरीदना है, तो इसके लिए इंतजार नहीं करना चाहिए। अगर प्रॉपर्टी इनवेस्टमेंट के लिए खरीदी जा रही है, तब कीमत के साथ-साथ कैपिटल कॉस्ट और दूसरे फैक्टर्स के बारे में सोचा जा सकता है। इन दिनों प्रॉपर्टी की कीमतें ऊंची बनी हुई हैं। इसमें कमी के आसार भी नहीं दिख रहे हैं। मुंबई में 1,000 वर्ग फुट के घर की औसत कीमत 1.09 करोड़ रुपये है। दिल्ली-एनसीआर में यह कुछ सस्ता 1.08 करोड़ रुपये है। यहां कुछ सस्ता होने के बावजूद प्रॉपर्टी औसतन बायर्स की क्षमता से बाहर है।

अगर किसी की ऐनुअल इनकम 8 लाख रुपये है और वह इसमें से 25 फीसदी पैसा बचा पाता है, तो उसे दिल्ली या मुंबई में 20 फीसदी डाउन पेमेंट करने के लिए आठ साल तक इंतजार करना होगा। हैदराबाद की फाइनैंशल एडवाइजरी कंपनी अर्थयंत्र की डिटेल्ड स्टडी के मुताबिक, इन शहरों में घर खरीदने के बजाए किराए पर रहना ज्यादा बेहतर है। अर्थयंत्र ने देश के सात टॉप शहरों के प्रॉपर्टी की कीमतों और किराए के बीच तुलना की है। इस स्टडी के लिए अर्थयंत्र ने बायर्स की आय और बचत क्षमता, कैपिटल कॉस्ट के साथ प्रॉपर्टी की कीमतों और किराए में सालाना बढ़ोतरी जैसे पहलुओं को शामिल किया है।

अर्थयंत्र के सीईओ नितिन व्याकरणम का कहना है, 'हमारे रिसर्च के अनुसार मौजूदा हालात में घर खरीदने की जगह किराए पर रहना ज्यादा सस्ता विकल्प है।' अर्थयंत्र बाय वसेर्ज रेंट स्कोर (एबीआरएस) एक तरह का ऑब्जेक्टिव इंडिकेटर है, जो हमें किसी खास शहर में घर खरीदने या किराए पर रहने के फाइनैंशल पहलुओं के बारे में बताता है। अफोर्डेबल हाउसिंग पूरी तरह से इनकम लेवल पर निर्भर करती है। एबीआरएस ने छह आय वर्ग के लोगों का आकलन किया। इसमें सालाना 8 लाख रुपये से लेकर 25 लाख रुपये आय वर्ग के लोगों को शामिल किया गया था।


सभी आय वर्ग के लोगों का स्कोर 55 रहा, जो दिल्ली एनसीआर में किराए पर रहने को सही ठहराता है। हालांकि, कुछ पॉकेट पर यह बात लागू नहीं होती है। कोलकाता, पुणे, हैदराबाद में अगर आपकी आय 15 लाख रुपए सालाना से अधिक है, तो घर खरीदना ठीक होगा। अर्थतंत्र का मानना है कि इन इलाकों में प्रॉपर्टी प्राइसेज अभी भी पहुंच के भीतर हैं। हालांकि, इन इलाकों में तुलनात्मक रूप से किराया अधिक है। अर्थतंत्र की स्टडी के अनुसार, कोलकाता में एक बायर घर खरीदकर 12 साल के भीतर ब्रेक ईवन हासिल कर सकता है। दिल्ली में उसे इसमें 16 साल लगेंगे।
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