Tag Archives: noida

Demand Slow Down Strikes Office Space Market

August 7, 2008 – 7:42 am

With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lackluster show in the 2nd quarter of 2008.
The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as companies turned cautious.
According to Cushman & Wakefield, the demand in the quarter was at 9.74 million sq ft, dominated by absorption (where companies move-in or begin fit-outs) of 6.36 million sq ft, and only 3.38 million sq ft in fresh pre-commitments. “There are certain micro-markets like Noida (NCR), and Rajiv Gandhi Salai (Chennai), which recorded excess supply for this quarter thus increasing the overall vacancy rates,” it said.

The 2nd quarter witnessed stable rental values across micro-markets in the major cities with some central business district (CBD) and off-CBD locations witnessing rental hikes of 3-5 % over the previous quarter. Some peripheral locations in NCR (National Capital Region) and Chennai, however, saw a correction in rentals largely because of excessive supply as well as deferred development plans of various proposed projects.

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Meerut-The Rising Real Estate Destination

July 26, 2008 – 3:57 am

Meerut is only 72 kilometers from new delhi. It is an ancient city, which belongs to Uttar Pradesh state. The great history from the city is that Mandodari, wife of Ravana, belongs to this city. Meerut is stand at 28.98 north and 77.7 east, and 219 meters above from sea level. Meerut is the major education center of Uttar Pradesh and students come from all over the country for higher education. CCS University, Meerut Institute of Engineering & Technology, Meerut Institute of Technology, L.L.R.M Medical College, Subharati Medical College and Shobhit University are the famous colleges of Meerut. The real estate market of Meerut as a industries and involves in construction of shopping complexes and apartments. There are various types of industries in Meerut, because the city is near to Delhi and Noida.

If you live overseas than Meerut property dealer may you help in find your dream projects. Meerut property dealers offer you to both types of properties like commercial and residential properties. Real estate in Meerut is riding the crest of increasing demand boosted by large availability of abundant land at throw away prices. MSX Developers, Era Group, Supertech Group, Majestic Properties, DLF are in the Meerut real estate market and increase the competition.

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Realty cos now offer EMI incentives

May 12, 2008 – 5:45 am

New Delhi:- Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease Equated Monthly Instalments burden until possession.
So, while realty companies together with Parsvnath Developers are broadcasting ‘No Equated Monthly Instalments  until possession’, others such as BPTP and Gaursons are offering 2-yrs Equated Monthly Instalments  holiday on specific projects.
“For those who are presently living on rent, the scheme makes logic as the Equated Monthly Instalments  load kicks-off only after possession,” says Mr Amit Raj Jain. BPTP’s group housing project, ‘Resort’, in Faridabad offers a 2-yr ‘Pre-Equated Monthly Instalments  interest’ to the bank on behalf of buyers.
Dr B.P. Dhaka, COO told that Parsvnath’s Sonepat project, ‘Parsvnath Preston’, reimburses the  Monthly Instalments paid prior to possession. “Such value-addition is gaining popularity as the customer is motivated to make the down payment and can then relax till possession. From the point of view of the developer, it ensures timely completion of the project as the fund flow is assured.
KDP Infrastructure has announced that ‘No pre- Equated Monthly Instalments  for 18 months’ upon payment of fifteen per cent of the booking amount on its ‘Grand Savanna’ project in Ghaziabad; Gaursons India makes a ‘No Equated Monthly Instalments  till 24 months’ offer to buyers of ‘Gaur Grandeur’ at Noida; and JMD Gardens’ project in Gurgaon promises that Equated Monthly Instalments  payment would start ‘only after house entry.

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Realty Is Facing Prices Fall

May 12, 2008 – 5:41 am

The transaction level has gone down drastically in various markets. It has resulted in price fall in realty market. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last 3 months. After tracking capital values in metros such as Mumbai, Chennai, Bangalore as well as Pune and the National Capital Region (NCR), the result was that either there has been a fall in prices of residential values or they have not increased in the last three months. In fact, places like Gurgaon have seen a down of 15 percent, while the plot rates have come down by 20 percent in Noida. In Greater Noida, the plots which were selling at Rs 55000 to 60000 are now available for Rs 40,000 to Rs 45,000. In Indirapuram, rates of flats have come down to Rs 2500 to Rs 2700 per square feet from Rs 3000 to Rs 3200 per square feet. Read More »

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Sub-Prime Shadow on Indian Realty

April 24, 2008 – 10:30 am

The turmoil in the global financial markets has cast its shadow on India’s largest real estate deal. Delhi-based developer BPTP Ltd, which was banking on overseas institutions to fund the acquisition of 94 acres of prime land at Noida for Rs 5,006 crore, has sought an extension to pay the first installment of the money. Read More »

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Realty deals bring Rs 23,000 cr during January-March

April 23, 2008 – 5:12 am

MUMBAI: Retard in the real estate market notwithstanding, land deals in India are thriving. According to a current study, the total value of such deals, in the first three months of 2008, have touched around Rs 23,000 crore, while another Rs 10,000-crore worth deals are in the pipeline.

A study by top brokerage JPMorgan shows that Delhi-based developer BPTP’s Rs 5,000- crore land deal in Noida was the largest deal in the January-March period, while the Mumbai Metropolitan Region Development Authority’s land auctions in Bandra Kurla Complex had fetched around Rs 4,000 crore.

The deals in the pipeline include the Indian Railway’s fifty acres worth Rs 10,000 crore that is scheduled to be auctioned later. Also, a one hundred fifteen crore deal between the Balaji group and Prestige group is likely to be completed soon.

In Mumbai, a two hundred fiftycrore deal by Hindustan Composites is in the concluding stage, in which developers such as DLF, Kalpataru and K Raheja Corp are the lead bidders. The JPMorgan report comes at a time when it is predicted that a tightening in global liquidity and a slowdown in the economy, could put the brakes on the real estate sector which witnessed a sharp rising growth in the past two years.

As a reflection of this slowdown, developers’ plans including malls, complexes and residential projects are all being kept under wraps. Property prices and rentals have been falling which was also seen in the loss of investor interest and an erosion in the market capitalisation of large listed players such as DLF and Unitech. The slowdown is also aided by the fall in stock markets as there is now a lack of capital among investors to invest in real estate projects.

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Ansal Housing’s project at NH 24

April 19, 2008 – 6:31 am

Ansal Housing & Construction has launched its group housing project, Ansals Tanushree. The project is on the NH 24, Ghaziabad. The project offers 2- and 3-BHK apartments with a built-up area ranging from 1,238-1,700 square feet. These apartments will be housed in three towers. The apartments range between Rs 29 lakh and Rs 40 lakh. Some of Ansal Housing’s earlier projects in Ghaziabad are: Neelpadm Kunj, Garden Enclave, Aavantika, and Chiranjiv Vihar. It has also developed Fortune Arcade in Noida, Golf Links I & II in Greater Noida, and Aashiana in Lucknow.

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