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Indian real estate sector has grown by a staggering pace in the past five years however the markets have been undergoing the phase of correction at least for the last three quarters, gradually shedding off unrealistic price levels that had taken shape out of speculative market practices, and all-pervasive euphoria.

Nevertheless, real estate experts feel that correction would spell well for the industry in the long run, and will help industry to consolidate itself.

Emerging scenario
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Stricken by the acute shortage of power, and dismal state of social infrastructure Gurgaon hardly possess the quality of being a Millennium City. read more »
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NOIDA, which is among the few planned industrial townships in Asia, is known for its commercial buoyancy. Besides, the industrial use as much as 20 per cent of the total space is earmarked as the commercial space in NOIDA (New Okhla Industrial Development Authority), and the development is staggering. read more »
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After IT industry, the multi billion dollar game?Indian Premier League (IPL)?has been seen as a major growth driver for the segment of serviced apartments in Bangalore. The city would host the first match of the tournament in April, and more than a lakh people are expected to flood into the city from around the world in this period. read more »
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Bangalore, the capital of the southern state of Karnataka, is Asia’s fastest growing cosmopolitan city. It is the favorite destination for most high tech industries in India. read more »
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The sleepy town of Mohali will soon be on the glam map owing to the Indian Premier League (IPL) Cricket. The city is bracing up to witness new development and world-class infrastructure since it will soon host the IPL matches. This development has brightened up Mohali's property prospects as well. read more »
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Chennai, the capital of Tamil Nadu is the fourth largest metropolitan city of India and enjoys the status of being one of the most viable cities for real estate development. In recent times Chennai real estate has gained more prominence due to the booming IT/ITES sectors. There has been a sudden increase in the demand of Chennai commercial and Chennai residential properties. The myriad features that make this city all the more a lucrative option to be in are the urbanized infrastructure, the geo read more »
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The Special Economic Zones (SEZ) controversy in Goa took a new turn with the Centre scrapping as many as eight SEZ proposals. read more »
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Kolkata, the ‘City of Joy’ and capital state of West Bengal is supposed to be one of the most inexpensive cities in India. But now the scene is completely different as the Kolkata real estate sector has taken a big leap in the past few years. Currently, real estate market in Kolkata seems is at its lucrative best and growing at a fast pace. The city has bagged around Rs25, 000 crore in real estate only in the past two years. With a burgeoning demand for both, commercial as well as residential p read more »
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There was first the Supreme Court verdict asking the Municipal Corporation of Delhi to seal those properties that were being put to non-sanctioned use. And much of Delhi’s property users were affected in one way or another. Retailers who had operated out of premises for decades had to move out, find new premises as well as new clients and customers. In many cases with the city not having made studies on new requirement of properties in Delhi in different categories, it was difficult to even fin read more »
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Escalating real estate prices have made property an unaffordable commodity. Today, the average cost of a 2BHK apartment in Chennai (or any other mega city for that matter) is Rs 60 lakh. The capital value of an apartment in Chennai's prime locality Boat Club Road is anywhere between 7,500 – 15,000 Rs/sq ft. read more »
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The strong foothold of IT industry in Hyderabad has positioned the city among the top per capita income cities of India. Smelling the business opportunities in this area, real estate developers have already launched large projects in and around. More importantly, buyers too are quite enthusiastic with the developments.

With property values scaling unprecedented heights in the cyber city of Hyderabad, investment in real estate has become the most preferred investment instrument in the city. read more »
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Since the total travel time for covering 225 kms distance between Delhi and Jaipur has come down to 4-5 hours, Jaipur is one of the most happening real estate destinations in the North India. Thanks to NH8 (National Highway No. 8), which has connected Jaipur with Delhi, Gurgaon and other major parts of the country. read more »
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Number of real estate developers and realtors are investing into Goa real estate market owing to its yield generating capacity. As per Brix Research studies, apartment capital value in Goa ranges from Rs. 1,800 to 7,000 per sq. ft. Stamp duty and property taxes in Goa are lower as compared to other states, making the investment easier on the pocket and attractive.

Goa is becoming one of the most favourable destinations for the foreign buyers to invest and Goa real estate has a long way to go read more »
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Although the Union Budget 2008-09 does not bring any explicit benefit for the Indian real estate sector, restructuring of tax-slabs is likely to enhance liquidity in the economy. As a result, people wishing to buy real estate for themselves will have higher disposable income saved out of tax breaks, and this way a number of people would either be able to buy property or at least save for the down payment, in case they opt for a home loan. read more »
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Pune's real estate developer Mr. Kumar Gera, Chairman, CREDAI in his welcome address at the CREDAI's National Convention - NATCON 2008 held from 7th to 9th January at Hotel Ashok, New Delhi put forth a very interesting idea. That of creating Special Residential Zones (SRZs) in the periphery of every city.

He spoke about the dearth of affordable homes in all the big cities and creation of special zones namely SRZs was the solution he suggested. This is the only way we can solve the housing read more »
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The cyber city of Hyderabad is set to break all records by adding 15 shopping malls on its ground within this year. Though it may appear a mad rush in the first thought, industry players actually find Hyderabad markets buoyant enough to accommodate all such properties.

According to Arvind Singhal of Technopark, a real estate consultancy, real estate developers just need to plan their malls well and manage a right mix of tenants. Some of the malls in Hyderabad have failed due to their erron read more »
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With a view of addressing infrastructure woes of Bangalore, the Karnataka Government has chalked out a comprehensive plan to invest US$ 15.73 billion to improve the infrastructure in the state which is highest among all states in the country. Due attention has been given to the peripheral areas as well, and Whitefield is among the most talked about real estate markets in Bangalore currently. Whitefield is located on the periphery near ORR where lots of infrastructure and real estate development read more »
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