NRI: All about Real Estate in India

Why, How and Where are three common questions that keep arising when we talk about investing Indian Real Estate. This is what we are going to help you with in this article. Starting from ‘why’, then ‘where’, to finally ‘how’, we would try to answer all your queries.

India has proved that it possess a lot of potential. Urbanization and Globalization are the major factors behind the boom in Real Estate Industry. This growth has focused on mainly three sectors, Residential, Commercial and Retail.

Growth in commercial Real Estate sector is due to the rapid growth in Outsourcing Sector and IT/ITeS. Growth in Tourism Industry is also behind this huge improvement in Real Estate Scenario. This has not only affected the employment opportunities, lifestyle and class but also has increased the cash flow directly improving the country’s economy.

All of this has directly attracted the interest of NRIs to invest in Indian Real Estate. Though the reasons are different; some want to settle in, some just look for a traveling spot and some for investment purposes. Though the Tier I cities are showing a kind of saturation but the good news is that Tier II cities are attracting a lot of builders and developers to launch their projects. It has been estimated that Indian Real Estate is growing at a rate of 30% per annum.  Real Estate sector is one of the safest sectors to invest your money in.
                                                                             
When we talk about places offering good investing options, the top names in present scenario are Noida, Greater Noida and Gurgaon. These three are the most promising cities at present. If we talk about only commercial investments that include office markets then apart from the above three, Mumbai and Bangalore are also among the promising cities to invest in. The builders like Vatika, Vipul, DLF, Bestech, Unitech, BPTP, M2K, Ireo and Homestead are few of those who have captured the Real Estate market by launching their premium projects in different areas of Noida, Greater Noida and Gurgaon.

After having an in-depth knowledge about the market, the most important thing to consider is that how can you invest in the market? Basically if you are a NRI, you tend to have an lesser knowledge about the Real Estate market. Major things that one must keep in mind during investment, mainly when it involves NRIs are:

1.THE REQUIRMENT: Knowing the requirements is the foremost necessity. One should invest according to the purpose of investing.

2.EXPERT ADVICE: It is really important to take an expert advice when investing in a particular project. The important thing is to choose a reliable source, who can help you in investing in the appropriate project.
India has a lot of scope for Real Estate investments.

We will keep you updated for the same in our coming Blogs!! Keep visiting us!

Property in Gurgaon

GURGAON REAL ESTATE IN 2013

Though the UNION BUDGET-2013 was not up to the expectations of the Realty Sector still, this industry has not lost hope. If we go by expert advice, year 2013 has a lot in its store for the Real Estate Industry. Most of the development and growth is expected to be in Gurgaon and Noida. The prices of residential projects are likely to appreciate in 2013 which will attract many investors to the market.

When we talk about Gurgaon, there was an improvement in the year 2012 as compared to year 2011 in terms of residential projects. Research shows that in year 2012 around 22,000 new residential projects were launched in Gurgaon.

The question is what attracts investors to Gurgaon?  The reason is quite visual. The development in past 25 years has helped the city to achieve the title of Millennium City. Drastic growth in the commercial and industrial sectors has driven the growth and development of Real Estate in Gurgaon.

Current year-2013 will mainly be dedicated to the development and completion of the projects by the builders. Gurgaon acts as a magnet to all sorts of investors; be it in residential or retail. The highest appreciation will be seen on Dwarka-Gurgaon Expressway and Golf-Course extension road. The factor behind this development is that these locations enjoy close proximity to the capital city-Delhi.  Another positive point is that Golf-Course extension road promises steady construction schedule.  This led to the growth in the lifestyle and here is the city today offering best of Restaurants, 5 star hotels, Clubs, Golf-course, best of schools offering good education, high street markets, malls and off-course luxurious residential projects making Gurgaon a city with ideal climate for business and residency.

When so many people started to migrate to the city due to their work, growth of amenities, facilities and infrastructure in the city became the need of hour. The city at present is the most happening place as it has many pubs, lounges, great eating-joints and clubs. The development of IT/ITeS, MNCs and corporate offices has forced the young professionals to settle in the city as well. Gurgaon has become a place where young India dreams and dares to achieve. Gurgaon for them is young and fast city which gives a lot of opportunities to grow.

Like we know that perfection exists only in dictionary, Gurgaon too has some drawbacks. Though the development plans were high but in the past years Government failed to keep up the pace with the rapidly upcoming residential projects. Slow infrastructure development in the city disappointed many investors and buyers giving Gurgaon a bad status. Gurgaon government is doing all it can to make the city rise up among the neighboring NCR cities. Providing broad roads for the swift flow of traffic, manicured parks to provide greenery to the city and improvement in the infrastructure is all the government is working at. Changing shape of Gurgaon is not only attracting the working class but also the businessmen and the elite classes as well.

Talking about the future; it is bright and promising. The city shows a lot of potential and will continue top the realty charts.

Property in Gurgaon