To day, Govt of India declare rate of interest for home loan 6.5% upto Rs 5 Lack and 7.5% up to 30 lack to boots the real estate sector.
Indian government wants speedy construction of affordable housing for the poor and middle class people every parts of the country by associating with the private sectors, Government also informed that institutional finance at low rate would be manage through their channel for affordable housing scheme.
Approximately 92% builders agreed that affordable housing scheme would be successful to boost real estate business. As per expectation of market, after launch affordable housing projects cash flow will be able to accelerate the real estate economy in the country.
This is the right time for real estate sector whether they are related individuals and organisations to get ready their proposals to facilitate their clients for commercial and residential projects. Because of after, accelerating real estate sector not only small investor jumps in the industry but also big investors opened their funds to get profit from this segment.
Overseas and NRI investor offer& reservation now starts to invest their funds in all aspects of properties like residential projects, commercial projects & SEZ, IT parks, townships and business center, mauls , multiplexes , hotels, sites of clubs, food courts as well as they are watching small towns.
According to real estate, expert small town has important contribution in real estate business for small investment and big return. Demand for houses in small towns have witnessed develop in economic activities.
Small metropolis like Rudrapur, Almora, Bhiwadi, Neemrana, Ghaziabad, Haldwani, Meerut, Moradabad and Karnal are now on demand of new homebuyers
According to a survey made by FICCI now days, next few years would see massive investments in smaller cities than metros and other big towns. Realty companies also know very well that selling their apartments or flats in big cities would be very tough task due to rising cost. That is why they are changing their strategy and moving towards small towns to make it big.
Diversion of investor towards small cities is due to better road connectivity with the metros and now with small town, village particular ruler area due to SEZ projects etc.
As stated by small town real estate, players’ recession is helping them. Reason is big developers are staying away from these cities. They are selling their and to smaller players so that they can raise cash for bigger projects in large cities,
Jones Lang LaSalle Meghraj report ‘India30, confirm that the 30 Indian cities will offer new opportunities for both domestic and foreign real estate investor, developers and occupiers.
SIGN OF SHINE INDIAN REAL ESTATE SECTOR
16TH June 2009
To day, Govt of India declare rate of interest for home loan 6.5% upto Rs 5 Lack and 7.5% up to 30 lack to boots the real estate sector.
A leading company of UK, Hamptons has opened an office in New Delhi for their investor; Hamptons say publicly that Indian real estate sector is going to touch all time high. Because of 400 million Indian people are growing as middle class more then whole of USA population and has a necessity to get own homes for their self in the cities.
For instance, the Jaypee group claims to have booked all the 3300 apartments of Jaypee Greens Aman, its new residential project in Noida, within 24 hours of their launch,While Capital Greens, DLF’s first residential project in Delhi, is claimed to have showed bookings of 1,400 flats on the first day itself.
Unitech announced plans to construct 20,000 affordable houses @ Rs.10 to 15 lakh.at a cost of Rs. 1.7000 corer.
HDFC saw its fourth quarter disbursals going up by 17.5% at Rs 12,400 crore, LIC Housing saw an increase of 42% and 22% in March.
This exposed why in the month of April, mutual fund houses increased their exposure in the realty sector to Rs 308.16 crore as against Rs 98.76 crore in March, translating into a huge 212.03% rise in the exposure. After mutual funds and insurance sector, stock brokers also entering in real estate business.
Contanct: email.:sushils.india@gmail.com / sunsolution24x7@gmail.com
