Growing Indian Real Estate Market

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 consu

Indian real estate has some major investments and developments such as Somany Ceramics plans to invest Rs 160 crores for Luxury Projects On Dwarka Expressway 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 Came

The real estate sector functioned in an unorganized way till date.

The bill will allow for the creation of state-level authorities called RERAs (Real Estate Regulatory Authorities).

It also led to the downfall of market. As per the new bill, 3 Bhk On Dwarka Expressway 70% of the money taken from the customers has to be kept in a dedicated account.

The goals were not well-defined earlier. 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

The role of real estate developers has also been praise-worthy.

They’ve started developing projects taking subject-specific requirements into accoun The success of Gurgaon and Noida has been the turning point. A large section of buyers belong to middle-class. Infrastructure activities during the period received FDI worth US$ 2,539.58 million according to the Department of Industrial Policy and Prom

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 & Wake

Check whether the builder exists or not: If the real estate developer has been around for many years, they can be trusted with the quality of their projects and abidance of legal terms.

The super built area is the summation of carpet area and common areas including staircase, lift, lobby, etc.

Unitech’s decorated portfolio includes projects like Karma Lakelands, Vista Villas in Greenwood City, Nirvana Country 1 and 2 in Gurgaon, Unihomes in Ambala, Downtown in Mohali, Escape in Gurgaon, Great India Palace in Bhopal and Gardens Galleria in Noida, Mohali and Bang During their glorious journey covering nearly five decades, Unitech has successfully completed more than 100 real estate projects.

The real estate market size is projected to touch US $180 billion by 2021 and ‘Affordable Housing’ segment would drive the industry as 35 million homes are projected to be required by 2014 to meet the existing demand and billions of office space & towers, residential townships, landmark buildings are projected to be required by 2021 to meet the existing d

This step will prevent diverse of funds and the ongoing project will be completed 3 Bhk On Dwarka Expressway tim The money has to be used for the construction purpose only.

Such governing body will monitor all real estate transaction

Now, the central government is planning to introduce regulatory norms in this sector so that buyers can seek proper justice and fulfill their dream However, in India, the scenario is somewhat different.

All these years, some real estate developers ran their businesses in ways they liked.

Sometimes, they refused to entertain buyers on the basis of caste, creed and religion.

If a developer fails to follow the provisions of carpet area, then a jail term of three years with or without fine is applicabl When a person decides to purchase a flat, it is found that the buyer has to pay 30% more for the area, which he or she does not possess. n Possessing a shelter is one of the fundamental rights of a citizen.

The biggest achievement of real estate companies is to win the trust of small investors. The number of people investing in real estate market has increased by many folds.

The market is open for both small and institutional investors for the first time in history.

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.

The objective was to offer them more facilities at competitive rate

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.

There are real estate developers in Gurgaon that are surviving in the business of real estate for a very long time and they are considered to be the best builder It has sent a positive message out to the world.

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