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- actually felt more upside for properties in the major cities as many investors with cashflow will invest properties in the longer term
:) :) :)CommentQuote0Flag
- Re:What rules Indian real estate?
Very nice post Bingo.I would like to add few of my points too on the same ground.The spectacular growth of the Indian economy has begun to rub off on real estate as well, and the year 2006 was a case in point.The Indian government announced liberalised guidelines early 2005, allowing FDI up to 100 per cent through the automatic route in townships, housing, built-up infrastructure and construction development projects.
This will include but will not be restricted to housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure.
On the residential development front, the last two years have seen hectic activity in the major metros, with most big developers offering quality homes within large townships and residential developments. The year also saw the consolidation of the apartment culture in tier II cities, and its introduction in tier III towns.
Office space rentals too are skyrocketing, having gone up anywhere between 50-100 per cent in central business district (CBD). While the demand for quality space will continue unabated,quite a few markets will see a significant supply buildup in the coming year, so a rental value correction is in the offing. With foreign funding and new players, there will surely be a redefinition of quality freedom as well.CommentQuote0Flag
- Change in business trend in real estate had led the investors towards invest more in commercial than residential projects.CommentQuote0Flag