tag:blogger.com,1999:blog-306704612009-12-29T15:27:36.335+05:30Everyday Update on Real Estate Market in India.Webmasternoreply@blogger.comBlogger446125tag:blogger.com,1999:blog-30670461.post-23368603256083770382009-12-29T15:23:00.001+05:302009-12-29T15:27:36.561+05:30

Spate of new launches in the last 2-3 months, well spread over the city landscape.Based on the market feedback, we understand that the volume off take was quick at the lower end of these price bands and slow at the upper end. Primary sale prices have risen rapidly (10-20%) over the last 2-3 months, around 15% shy of end 2007 peak levels.Story will be different this time around, and unlike the

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-77556744287435958392009-12-11T09:32:00.002+05:302009-12-11T09:40:24.128+05:30

According to a survey just published by Colliers Investment, Mumbai and Delhi are the hottest destinations. Here is a complete result of the survey[City - Preference of Respondents, Upcoming Supply, %of Supply as Affordable homes, Price Trend]Mumbai - 75%, 56K Units, 8% affordable, Mild UpswingDelhi - 53%, 3.3K units, 2% affordable, Still near the troughBangalore - 52%, 45K units, 2% affordable,

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-38167092857015055072009-12-09T18:03:00.000+05:302009-12-09T18:07:18.128+05:30

We studied the proposed Model Real Estate Act and here are some potential problems.Prohibits development of land into a colony or construction of apartments for marketing without registration.This will prove tough on small developers given its inflationary impact on project cost. The key concern here is whether licencing would occur at the Centre or State level licencing at the Centre level

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-17166062740243264402009-12-08T06:17:00.001+05:302009-12-08T06:17:00.245+05:30

PropEquity has done an excellent job of taking stock of the residential apartment inventory across various cities in India [Mumbai, Gurgaon, Noida, Thane, Bangalore, Kolkata, Hyderabad and Pune] for projects priced around INR 3 mn. Here is the latest availability chart. [Expandable]Volume recovery in the residential segment has primarily been driven by improved affordability on the back of

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-20050035703453865232009-12-06T10:47:00.002+05:302009-12-07T10:50:24.202+05:30

PropEquity research data highlights that developers who had hurried into this segment, to improve their cash flows at a time when high-end residential segment was suffering, are sitting with >40% unsold stock. Of ~0.1mn units that were launched between Nov08-Oct09, only 57% found buyers.Already seems to be a crowded space; we believe this segment will always remain price sensitive and any steep

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-75191510322635217532009-11-30T11:44:00.002+05:302009-11-30T11:46:58.363+05:30

Mumbai's apartment registrations data reveals that demand remains strong despite 5-30% rise in prices in the past five months. Thus, while prices in many pockets in the city are new highs, registrations in October 2009 were the highest in almost two years. he data suggests that the increase in prices has failed to make a dent in residential demand in the city.Also, the Reserve Bank of India (RBI)

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-56278938306635453442009-11-24T13:05:00.002+05:302009-11-24T13:11:16.415+05:30

The government may do away with the lock-in period for foreign direct investment (FDI) in the real estate sector that was imposed earlier in wake of worldwide realty rally and concerns of asset price bubble formation. The Department of Industrial Policy and Promotion (DIPP) has proposed the scrapping of the three-year lock-in for FDI in realty. The DIPP has already drafted a cabinet note on the

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-55749023205103734242009-11-06T11:12:00.001+05:302009-11-06T11:14:40.468+05:30

DLF expects a slowdown in the launch of luxury homes in the next 2-3 quarters. Though the mid-income housing business showed sales of c.2.74 msf, higher than 1Q FY09 (c.2.09 msf), they are not robust in comparison to the last quarter of FY08 (c.7.72 msf). A decline in sales coupled with execution delays show signs of a worsening situation. The company indicated significant slowdown in hospitality

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-66020093026171630362009-10-26T15:19:00.002+05:302009-10-26T15:25:58.288+05:30

All India monthly residential sales volumes has moderated from an aggregate 19,700 units/month sold in March-May to 16,100 units in June-August across the markets we track. Residential new launch absorption has fallen from between 40%-60% in April-June to about 20%-25% in Jul-Aug.The inventory of unsold homes in the Rs0.5-Rs3.0 mn/unit range has been increasing through CY2009. Cumulative

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-55328664474161693862009-10-10T02:43:00.001+05:302009-10-10T02:43:00.223+05:30

Noida has witnessed fair amount of new project launches in 2009 from Jaypee, Unitech, Divine India Infrastructure, 3C Group, Amrapali Group etc. Here is the latest update our Analyst from Delhi NCR is filing on the SELLING price of these projects. [Click on IMAGE to Enlarge]Do let us know your DEALING experience in the above projects as this will help otehr prospective BUYERS.

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-74474637713509313732009-10-09T11:32:00.003+05:302009-10-09T11:38:33.840+05:30

Our analyst has done an excellent job touching base with most property developers like - Falcon Builders, M2K, Rahejas, Emmar MGF, Pareena Infrastructure, Pal Infrastructure, Unitech, Vatika, Millenium Spire, Pioneer Urban land, etc in Gurgaon and here is how new Residential projects have been launched in the past 6 months and their SELLING prices / sft for the convenience of all the readers is

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-83796703073316594132009-10-07T07:11:00.000+05:302009-10-07T07:11:00.496+05:30

Residential demand is a function of affordability, direction of selling prices and consumer confidence. As prices and interest rates dropped, we saw affordability improving. If prices remain at current levels, affordability will rise only with an increase in household income as further interest rate reduction is unlikely. But on the contrary, if interest rates start moving up then affordability

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-6921335565202587212009-10-06T13:35:00.000+05:302009-10-06T13:36:32.565+05:30

The Union housing and urban poverty alleviation ministry is expected to come out with a bill aimed at taming the demand supply mismatch in housing consumption in big cities. The ministry has invited expert and public opinion for the proposed legislation.The ministry has already held preliminary discussions with various stakeholders. The government has initiated the process of shaping a model Real

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-41792038090871637412009-10-05T21:52:00.002+05:302009-10-05T22:01:51.059+05:30

We attended a property exhibition organised by MCHI, with participation by 75 developers and a number of housing finance companies.Most developers have raised prices in the past four months, and prices are back to their lifetime highs. Many visitors, however, indicated that prices had shot up beyond their affordability.Developers too displayed a sense of uncertainty, primarily showcasing their

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-85855834986522620042009-10-01T22:14:00.002+05:302009-10-01T22:18:02.032+05:30

BNP Paribas analysts visited the sites of newly launched Unitech Homes projects and were shocked to find that the company has not launched any Construction Activity. Here is an excerpt from the report of various projects of Unitech Ltd.Uniworld Gardens II Residential - Apartments Gurgaon Fully Sold Mar-09 No construction activityThe Villas Individual Bunglows Gurgaon na Aug - Sep 09 No

Webmasternoreply@blogger.com1tag:blogger.com,1999:blog-30670461.post-12526990458522982982009-09-19T12:45:00.001+05:302009-09-19T12:47:41.050+05:30

The following projects meet our guidelines for recommendation and are also affordable :-)Ahmedabad:Bakeri Sanatan Residency Vejalpur 1,900Bakeri Sulay Deluxe Row Houses Vejalpur 2,450Indore:DLF Garden city near bypass 1,850Emaar Indore Greens (Plots) near Airport 800Ansal Ansal Town near Agra Mumbai Rd 1,500Bhopal:Unitech Unihomes Kolar Road 1,360Bhubaneshwar:Vipul Vipul Gardens Kalinga Nagar

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-63383228821875329062009-09-19T12:39:00.002+05:302009-09-19T12:44:58.248+05:30

Here are the latest Housing Projects that are available in Bangalore and Chennai for Home buyers. All prices are in INR / sft as quoted by the Developer directly.DLF New Town Bangalore, BTM Ext. 2,100Puravankara Purva Venezia Bangalore, Yehalanka 2,800Puravankara Provident Welworth City Bangalore, Yehalanka 1,800DLF Garden City Chennai, OMR 2,550Puravankara Purva Swan Lake Chennai, OMR

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-22970579790628497942009-09-18T12:35:00.000+05:302009-09-19T12:38:34.606+05:30

Kochi Housing Market has gained lot of visibility from all the leading developers of India. In our research, we have gathered the prices for various projects quoted directly by the Developer to us. Kindly negotiate for your Deal.DLF New Town Heights Kakkanad INR 2,500Puravanakara Moonreach Kakkanad INR 3,090Puravanakara Eternity Kakkanad INR 2,290Puravanakara Grandbay Marine Drive INR 4,590

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-79556542827148189722009-09-17T12:31:00.000+05:302009-09-19T12:34:53.315+05:30

Well they are sort of a affordable housing projects, though we wouldn't classify them as Purely Affordable which enjoy incentives from the Govrnment of India on various Loan products.All prices in INR / sft, unless otherwise specifically mentionedKumar Builders 45 Nirvana Hills Paud Phata, Karve Road INR 4,900 for a bare shell unit is 4,500 psfKumar Builders Kubera Sankul Hadapsar INR 2,750Kumar

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-65714702371777025942009-09-15T12:27:00.001+05:302009-09-19T12:30:16.693+05:30

Larger players are gradually expanding to new city markets (Tier II/III) to strengthen their pan-India positioning. Here are the key projects in Chandigarh - Mohali region worth looking at.All prices in INR / sftUnitech Unihomes Sector 107 INR 2000-2400Unitech Executive Floors Sector 97 INR 2500-3000Emaar Terraces Sector 108 INR 2400-3000Emaar Bungalows Sector 108-109 6.6 mln for For G+2 units

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-3257947270943987792009-09-14T12:24:00.001+05:302009-09-19T12:26:52.552+05:30

Here is what happened in the past 12 months in the Indian Real Estate Space.Bad to Worse Market Conditions 20-Oct-08First Official Price Cut in the Sector 23-Nov-08Price Softening Becomes More Widespread 7-Dec-08Price Cuts Accelerating, Land Bank Contraction Begins 19-Feb-09Price Cut Party Getting Bigger; New Launch Pickup 6-Mar-09Lo-Behold, Oversupply Coming In Mumbai, Gurgaon 8-Apr-09Price

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-76141024913625760892009-09-10T14:45:00.001+05:302009-09-10T14:45:40.707+05:30

Omaxe’s subsidiary Rivaj Infratech – a private limited company – has entered into a Memorandum of Understanding with Bulandshahar Development Authority for the development of a Hi-Tech Township in Bulandshahar, Uttar Pradesh.The Hi-Tech Township will be built on land area of 3601.19 acres.The proposed Hi-Tech Township is well connected to Delhi, located in the NCR Region adjoining Greater Noida

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-45411436962792908852009-09-08T11:25:00.002+05:302009-09-08T11:28:19.364+05:30

Real estate developers in India spend on average 1.5-2 years in obtaining all necessary approvals. In contrast, developers in Thailand and Malaysia receive all their approvals in 6 and 9 months respectively. Thus, by the time a developer in Thailand obtains all the relevant permits/approvals, its Indian counterpart would still be awaiting its building plan approval. An Indian developer interacts

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-64348163101423280632009-08-31T14:15:00.001+05:302009-08-31T14:15:56.327+05:30

Realty major Parsvnath Developers has received the Letter of Intent (LoI) for grant of licence from director, Town and Country Planning, Chandigarh in Haryana for developing approximately 118 acres of integrated township in Sector 33 A, Rohtak, Haryana.The project, with a realization value of around Rs 700 crore, will have approximately 4 million square feet (sq ft) of saleable area and would

Webmasternoreply@blogger.com0tag:blogger.com,1999:blog-30670461.post-27248882227463040572009-08-26T11:36:00.002+05:302009-08-26T11:45:25.820+05:30

Gurgaon has witnessed India's first successful retail and mall revolution combined with hospitality and entertainment. Realtors like DLF, MGF, Omaxe etc have had a big hand in this success story. Here is list of Malls and Rtail / Recreational destinations in Gurgaon [some of them which will go live for business in a year of two].1. Ambi Mall2. DLF Mall of India 20123. DLF Star Mall4. Galaxy5.

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