Chennai Real Estate Market Boom And Investing Advantages

There are been a fast growth in the real estate in India, that has uplifted many part of the country such as Bengaluru, Cochin, Hyderabad, and Chennai. The value of the properties in these areas has touched a far unimaginable price. Out of all these cities, Chennai is the one not to be missed.

In Chennai, every real estate sector such as residential, retail, and commercial has a huge demand. In residential sector, both individual houses as well as apartments are preferred. And in commercial sector, SEZ’s are on the rise. And due to this factor, it is emerging fast in laying a strong real estate market, in the whole country and facing an upward trend.

The prices of Chennai Real estate varies depending on the factors like building construction type, location, amenities, accessibility, and so on.

Reasons for Phenomenal Growth:

With this uptrend scale, everyone might be left wondering why the Chennai property is worth. Listed below are some of the few reasons.

1.The city is properly connected to the other countries and satellite cities

2.The city has some of the credible educational institutions in its kitty

3.The city offers a world class healthcare and other medical services and facilities

4.The city has some high-tech communication channels equipped well, for e.g. High speed internet

5.Growth of SEZ’s, IT, and ITES

6.High level income from the IT and ITES division

7.Non residing Indians, who turn back to Chennai for an enhanced opportunities both personally and
professionally

8.The home loan options which are flexible

During the recession period, there was a small downfall in the Chennai’s real estate market. With the situation getting better, the demand has risen again. The expensive areas for getting residential apartments in Chennai are Mylapore, Adayar, RA Puram, Besant Nagar, Annamalaipuram, and Egmore. These are considerably closer to the city area. Apart from this, the other farther from city places such as Perungalathur, vanderloo, and Shozinganalur are also growing rapidly. GST road and OMR road is coming with a lot of residential projects with lots amenities.

In Parallel the commercial real estate market is showing an equal growth. A lot of new projects are under construction, due to the space demand created by the IT companies. The evergreen place preferences for the commercial properties in Chennai are Cathedral Road, Lloyds Road, Nungambakkam, and Anna Salai. If you are a factory or a heavy duty factory owner then you will be ideally looking for places in Ambattur and Guindy. The IT sector has its offices mostly in Old Mahabalipuram, Tharamani, and Tambaram.

Chennai real estate marketers are looking out for every avenue to attract the companies. They segregate the companies in different levels and offer intricate designs and other amenity which is suits the specific sector.Those differences are:

.Grade A – Specifically for Multinational ITES and IT firms.

.Grade B and C – Specifically for domestic and local companies.

People, who invest in Chennai real estate market, can expect a great amount of return, as it has grown in 200 %.

Real Estate Scenario In Hyderabad

With Hyderabad being the latest destination for MNCs, corporate and educational institutes of repute, Real Estate rates are growing at an exponential rate. However aspiring house owners are confused: is it the right time to buy/build a house and reap the rewards or will the price bubble burst and leave them at a loss? Lets take a look.

Hyderabad is the ideal place to invest, for land as well as residences, for several reasons: The economy is booming and promises to grow further. It is a hub for national and multinational corporations and educational institutes, Intel, Hyundai, Infosys, ISB, IIIT, BITS for now, and more are set to arrive. Impressive infrastructure when compared to other South Indian cities. The International Airport and the Outer Ring Road have given Hyderabad Real Estate scenario a huge fillip. Communication and transport facilities are looking up. City has no coastline, so it can expand in all directions. The climate is moderate and conducive to most industries. Retail activity is on the rise – multiplexes, malls, entertainment centres -they are all here.

Now if you have decided to invest, where do you go? Suburbs and outskirts of Hyderabad are in demand, especially for the middle income investors.
Earlier farmhouses were in demand, but now lands for independent homes and apartments are selling rapidly. Residences in the suburbs will have greater appreciation value. Places like Bowenpally, Medchal and Patancheru Road have developed much and fast. Those who bought plots and apartments five years ago are minting money now.

While it seems the Western part of Hyderabad is doing exceptionally well, especially Gachibowli, Tellapur, Nanakramguda, Narsingi and Srisailam highway belt, North Hyderabad too is developing fast. However the Outer Ring Road with improved connectivity among all Zones could have a positive impact on Real Estate -, Hyderabad other areas as well.

Increasing construction costs indicate that housing could get more expensive in future. Yet Estate Projects in Hyderabad are on the rise. More reason why those planning to buy or build a home should do so now.

Even if one already owns a house in the city, the time is ripe to invest in a second one because rental values are also on the rise. An apartment in Banjara Hills is being rented out for twice as much as in Marredpally. Rental values have not gone up as fast as the sale prices, because people opt to buy rather than lease houses, with the help of easy loans. With home loans getting cheap in India, Real Estate in Hyderabad, India has taken a sharp turn.

Real Estate Flats market in Hyderabad has undergone a major transformation over a period of time. The projected 30% CAGR in IT/ITES over next 2-3 years will show a tremendous potential in Hyderabad Property market. The foremost factor for India growth is Real Estate and its contributing more to Indias GDP. In the same way, Hyderabad Real Estate is also a great contributor to Indias GDP due to high market growth trend from IT and ITES segment. Meanwhile, the prices of Hyderabad Properties are cheaper in comparison to other metropolitan cities. This is considered to be a critical success factor for investors and buyers to prefer Hyderabad for their property needs and requirements. And Hyderabad Real Estate is also witnessing an upward trend in capital and rental values. Hyderabad has grown to be the most preferred Residential RE Investment Hub. The growth of SEZs, industrial parks and international airport are favoring the Residential Real Estate Market in the city. Hyderabad Estate values are growing at a rate of 10 per cent.

Popular Condominiums in the Philippines

What kinds of modern housings are popular in the Philippines? There are many popular types of modern housings in the Philippines today that can offer different modern benefits to its residents, and one of the most popular of those types of housings are condominiums.

What Made Condominiums Popular in the Philippines? One of the first reasons why condominiums had gained a lot of popularity in the Philippines is because of its location, in which most condominiums in the country today are found in business and commercial districts such as in Makati City and other popular business districts in the country.

Because of its location, condominiums provided a home for Filipinos where they can easily access their workplaces from, allowing them to easily avoid the usual hassles of rush hour in the morning. It’s location is also within walking distance from popular entertainment places around the district, such as malls, shopping centers, bars, and clubs.

However, what made these types of modern Philippine properties popular in the market is because of its facilities. According to many experts, condominiums are the only types of modern housings in business and commercial districts that can offer their residents amenities such as an indoor swimming pool, gym, and even a sports complex, all of which can be freely and exclusively used by all of its residents.

The only disadvantage of these types of housings is its lack of necessary facilities and environment that a growing child needed, which is why not many modern Filipino families have chosen to live in these types of condominium complexes. This is the reason why condominium complexes were introduced in the Philippine market.

What is a Condominium Complex? A condominium complex is a type of condominium mostly found in the outskirts of Metro Manila and even in many popular provinces in the country. Because of the environment that these types of housings can offer, along with the security and privacy of its exclusivity, condominium complexes became a popular type of housing for many modern Filipino families.

Like condominiums in the city, condominium complexes can also offer the same collection of amenities, with the addition, however, of recreational parks and playgrounds that caters to the needs of growing Filipino families.

Because of these benefits, according to much real estate ph experts, condominiums had quickly become a type of housing that signifies the growing trends in the Philippine market. And because of these types of housings, many Filipinos have finally found a new housing in that caters to their needs. To learn more about condominiums and other popular types of modern housings, visit Alveo Land by Ayala Land Corp.

Gazeley for sale despite difficult UK commercial property market

Asda, the supermarket chain owned by Wal-Mart, the US retailer, could sell its global property development business in a deal that could fetch up to 400m. There are also rumours that Wal-Mart is looking to sell Asda as well.

The company told staff yesterday that it was looking for a buyer for Gazeley, an industrial developer, which will interest rivals such as San Francisco-based AMB and Australia’s Goodman International.

Gazeley is one of the largest industrial property developers in the UK and also operates in a number of other countries, including India, Mexico and China. It was acquired by Wal-Mart as part of its takeover of Asda in 1999.

Formed in 1987, the group operates as a standalone business, but also provides Wal-Mart and Asda with distribution and storage warehouses across the world.

Wal-Mart has picked a potentially difficult time in which to sell a property business, but Andy Bond, president and chief executive of Asda, said: “This is not a core business for us. We have previously had several unsolicited approaches for Gazeley and have now decided to review our strategic options, which might include a sale of the business.”

However, capital values have been in free-fall as fears have emerged over occupier demand. This, coupled with the greater difficulty in securing debt for the deal, means Asda is unlikely to secure a high price.

ProLogis, the US industrial developer, was linked with a bid for Gazeley two years ago. At the time, Asda said it had no interest in selling the company.

A significant part of the value of Gazeley will be its large undeveloped land bank, with more than 20 sites in the UK alone, and more across continental Europe and Asia.

Gazeley is the preferred developer of distribution space for Wal-Mart International, including Asda in the UK and Wal-Mart China. Wal-Mart is understood to be keen to sell the business with guarantees that ensure this strategic relationship continues, which would allow it first choice for prime sites in the future.

Pat McGillycuddy, chief executive of Gazeley, said: -We have produced consistent profit growth over the last five years and developed leased warehouses across Europe in 2007 with an investment value of 325m.

We have a successful business model and a strong management team that will add value to any new business partner.’

Wal-Mart wants to keep existing management in place following the sale if possible.

Businesses for Sale

Affordable Custom Home Builder In Pasco – Building Restrictions, Budgets & Finding A Builder

If like many people you have always dreamed of turning your designs into reality, you should hire an affordable custom home builder in Pasco. The affordable custom home builder in Pasco that you choose can assist you with everything from floor plan customization to in-house financing. Despite financing options being made available to many people nowadays, it is essential that you plan in advance by working out your budget. As well as this, you should make sure that the correct building permits are obtained and that the affordable custom home builder in Pasco is equipped to do their job properly. .

Affordable Custom Home Builder In Pasco – Building Restrictions

Prior to hiring an affordable custom home builder in Pasco, you need to work out if there are any building restrictions in relation to the property you want to construct. The builder needs to have the appropriate permits if they are to complete their work legally and this not only benefits them through the ability to gain custom but also, the government will benefit because they will be able to maintain regulations much easier. Local city officials will be required to issue permits, so you may want to get in touch with these officials before building takes place. Permits normally require a property to be built within 12 months, so ensure that your building plan is not too complex before you get assistance.

Affordable Custom Home Builder In Pasco – Building Budgets

Everyone who plans on building a home will want to pay as little as possible for an affordable custom home builder in Pasco. However, there are some methods that you can use as a way of determining your actual budget and by knowing this; you will never pay too much for these services. Factor in the price of any furnishings and appliances you will buy for the property and also, the price of building per square foot. Weigh this price up against the size of your ideal property and figure out if it is doable. Bear in mind that some properties of the same size will differ in the building cost.

Affordable Custom Home Builder In Pasco – Seeking Out Assistance

Now that you know what budget you have and what building permits are required, you can find an affordable custom home builder in Pasco. Because the process may take some time, you need to find someone you can trust. Be sure to get some referrals and ask to see the builder’s licenses to confirm that they have experience in this field. If possible, speak with past clients and ensure that they are easy to communicate with at all times, because it is inevitable that you will need to ask questions.

New Government Initiatives To Boost Real Estate Sector In India

At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.

As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
Full repatriation of original investment after three years.
Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
100 per cent FDI allowed in realty projects through the automatic route.

Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.

New Government initiatives to boost sector of Real Estate India include granting a tax holiday on profits from initiates in the financial year 2007-2008. In order to enjoy this benefit, the housing projects should be of the affordable housing unit type of 1000 to 1500 square feet. Another condition is that such projects should be completed by March 1, 2012. Further, the Finance Ministry has allocated US$ 207 million to grant 1% interest subsidy on home loans up to US$ 20, 691. In order to avail this benefit, the cost of the home should not be above US$41, 382. It is believed that these initiatives will be add further impetus to the real estate sector in the country.