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SHORTAGE OF RESIDENTIAL PROPERTIES IN INDIA
Posted January 31 2008 11:12 PM
Mood: Happy
Currently: Real Estate
Faced with shortage of residential properties in India, government is contemplating to take private developers and builders on board to meet the constant demand of residential properties in cities and towns. In fact government is planning, in consultation with industry leaders and civil society organizations to form a public-private partnership (PPP) platform.
As per ministry’s estimate total shortage of residential properties in India is to the tune of 24.71 million units. Out of this, 17.9 million units are required for the EWS and 6.29 million in the low income group (LIG) whereas middle income group (MIG), it falls short by 0.45 million.
Now question arises, what has constrained the government to make a PPP platform? The reply is quite simple that the demand for residential property is constantly increasing whereas the supply ratio of residential property in India is very low which resulted sky-rocketing of price of the same. Moreover, the builders and financers were hand-in-glove which added fuel to the fire and this resulted formation of PPP platform. Apart from it, the government increased the home loan interest rates as well as imposed certain restrictions on realty IPOs and pre-launching etc. to come over the spiraling prices of residential properties in India.
Real Estate Business
Posted January 31 2008 11:09 PM
Mood: Happy
Currently: Real Estate
Indian Real Estate industry is booming. The industry is worth 54000 crores currently and is growing at the rate of 30 % per annum. It is considered to be the most lucrative industry of the current era but earnings from real estate industry was till now limited only to the people directly involved in the trade viz. property brokers, estate agents etc. Recently a revolutionary concept has been launched by propertysensex.com which allows people from any field like doctors, engineers, chartered accountants, students and even housewives to start their own part time real estate business.
The concept is based on a simple logic that property being one of the most costliest commodity is considered as a very crucial investment by individuals. Before deciding on a particular property one tends to take as much advice as possible and prefers to involve an acquaintance for peace of mind. The person from whom the advice is solicited is generally among the first few people to get to know about the need. These needs are the most important element for any business.
All of us are surrounded by needs from our known ones, these needs could be;
a friend looking for an apartment
a relative looking for an investment option
company looking for commercial space for expansion
or an NRI friend interested in investing in India.
“ NEED = BUSINESS OPPORTUNITY ”
Realty opportunity by propertysensex.com enables individuals to cater to all these sorts of property related needs and convert them into a profitable real estate business. The concept has made it possible for every one to be a part of real estate industry despite being from different backgrounds.
All one has to do is simply Join PropertySensex.com realty opportunity by paying a nominal lifetime fees and post the needs around and the rest of the business process is carried on further by a team of sales professional on your behalf.
On the maturity of the business one gets paid for his/her references.
Is’nt that simple.
Real Estate India
Posted January 31 2008 11:08 PM
Mood: Happy
Currently: Real Estate
Coupled with the increase in population the economic growth in the past few years have turned. Real Estate India as a booming industry. The Indian economy is growing rapidly, the GDP is expected to grow from 6 percent to 11 percent by 2025. Market oriented policies are boosting economic activities .India emerging as a major outsourcing destination has created millions of fresh jobs, with an increase in the earning the demand for quality housing and commercial structure has increased rapidly. Indian Real Estate Industry estimated to experience a demand supply gap of 17.9 million residential properties by 2010 and commercial property demand is expected to be around 350 million sq. feet. Looking at the demand supply ratio, India will remain a promising investment destination for times to come.
Despite being of this size Indian Real Estate Industry still remains unorganized. In an effort to make this Industry more regularized and streamlined a number of property portal are being lunched. Property sensex has recently come up with revonationary sales & marketing concept.
This concept enables people from different professional and educational background to start an online property business. The concept enable then to buy, sell, rent properties in India by simply posting requirements around them to propertysensex.com.
PROPERTY IN INDIA
Posted January 31 2008 11:07 PM
Mood: Happy
Currently: Real Estate
India is the world’s one of the hottest and best destinations for investors to buy property in India. One of the most proactive reasons for investor’s priority as such is due to its good and lucrative returns than the rest of the world. The residential & commercial property prices in India in the recent times have been quite exorbitant.
However, as traders panicked for alternate options, it did create a significant increase in property prices of commercial properties in the malls and other legally acclaimed retail outlets. Delhi’s Khan Market also been in the news recently for being the costliest retail locale in the world.
In the residential property segment in India, it has been known to have made the most astronomical transactions where properties sell for millions. This trend though most common in the posh localities is now moving towards earlier less significant places/ property in India. The rental values of residential properties in India like the apartments and independent houses are quite high. The corporate leasing and diplomats in India in major cities are in a way responsible for the price trend, as they opt for the high-end residential & commercial properties.
Commercial properties like the office spaces in particular are in much demand as every other company want to have their offices in India, as India has better edge over many other Countries in infrastructure, availability of professional work force and connectivity which has offered the best option to buy property in India.
PROFESSIONALISM IN PROPERTY IN INDIA
Posted January 31 2008 11:05 PM
Mood: Happy
Currently: Real Estate
Investment in housing and property in India is beset with many uncertainties in the prevailing real estate scenario. The investment and transaction decisions in this sector are characterized by uncertainties due to low level of disclosures and information.
Investment in property in India has always been known as lucrative, but due to lack of transparency in the property markets for proper valuation, potential investors exercise caution before taking the plunge. Property in India also requires a huge amount of investible capital; hence professionalism would help bringing in confidence among players.
Discipline and better governance of property in India would go a long way in a sector facing challenges from legal, taxation and other regulatory issues like the property tax and stamp duty structure, which create high cost of transactions.
Improving the confidence level of both investors and consumers by bringing in fair practices through self-regulation and ultimately catalyzing the growth of this sector is of primary importance. Promoting healthy ethics in property in India and facilitating its orderly growth has become a major concern in the market.
Investment in property in India also entails proficiently handling the whole process from property selection to home finance, attaining a right mix of properties in your portfolio as well as knowing when to exit from your investment. For a property consultant in India is important to establish trust amongst his clientele as a capable manager of their money by ensuring transparency and honesty in all the transactions.
ESSENTIALS TO BE ADHERED TO WHILE BUYING A PROPERTY IN INDIA
Posted January 31 2008 11:02 PM
Mood: Happy
Currently: Real Estate
To buy a property in India is an uphill task particularly for most of the first time buyers. As a matter of fact property transaction is fraught with risks of being cheated at every step. To avoid such and eventuality it is almost essential that before you buy property in India, you must select a true and unselfish property dealer who may steer clear your deal. One more point to be notes is that more the intermediate dealer, the higher the rate of property. So after careful examination of back-ground of a property dealer, you may engage only one.
In addition to the above, before you buy a property in India, make a check-list of all plus points/essential needs for a good residence and if the location selected by you is in order from all respects including rates etc., you may go ahead to buy a property of your choice in India.
BUY PROPERTY IN INDIA
Posted January 31 2008 10:58 PM
Mood: Happy
Currently: Real Estate
During the past few years, by virtue of good economic growth & congenial environment, opportunity for buying property in India clubbed with Common Wealth Games at the helm of rudder, Indian property sector has become one of the hottest destinations amongst more than 30 emerging property markets of world with regard to buying and selling property in India.
Since the property sector has been adjudged the most lucrative field in India, that is why not only more than a number of manufactures, producers, consultancy and finance companies of India have jumped into the field of property, but also plenty of reputed foreign companies have joined there hand either in joint venture or independently buying and developing various types of properties in India.
As a matter of fact in the present state of affairs, when the Indian Property Sector is passing through a recessionary trend due to increase in rate of interest on home loans by the banks and financial institutions, it may be a best bet for the investors who have sufficient funds to invest.
Looking at the promising future of the sector and to serve the clients with the latest property news and facilitate their search for a dream property www.propertysensex.com has been launched. It also offers a unique opportunity to individuals to start their own part time property business.
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