Cancun Real Estate Region – An Emerging Convention Destination

If you have been keeping an eye on Mexico Real Estate area’s growth, you cannot help but notice that Cancun Real Estate is not just areas number one beach destination but has also emerged as an international travel hub and a preferred destination for business conventions. Cancun has over the years beefed up its infrastructure and amenities thanks to which it has now acquired an important place in the Mexico and Latin American region.

As an indicator to its increasing importance and clout, annual meeting of the Inter-American Development Bank (IDB) was held in Cancun recently. More than 1,500 registered guests attended the meeting of the IDB. They met in Cancun Convention Center. End of March will mean a heavy influx of visitor to Cancun as thousands of American and Canadian university students on their spring break will also visit the city.

Despite the last year’s slowdown, Cancun ‘s tourism industry has bounced back with a vigor and confidence. Though, Mexico was one of the hardest hit countries due to a string of unfortunate events such swine flu scare, global recession and negative press regarding Mafia, Cancun steadily worked on developing its infrastructure and amenities and positioned itself as the one of the first regions in the area to emerge even stronger. With a renewed beaches and better infrastructure, Cancun is one of the leading tourist magnets in the region.

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Latest Delhi Property Price Trends

The latest Delhi Property Price trends are sure index to the prospects of investing in real estate for sale in the capital of India. Delhi is a unique property investment destination in India. This is owing to a variety of reasons. The primary reason is the importance of the place as the national capital. Both residential and commercial properties are even in high demand in the national capital. During the recent recession there was a downward trend in the Delhi properties. But now the market slump is in its wane and the market has become vibrant again.
It would be better to have a look in to the property prices for sale in various locations in Delhi to appreciate the general trend prevailing in the market. South Extension: 7000-11000; Gole Market: 6000 – 10500; Rajendra Nagar: 17500 – 22500; Karol Bagh: 8000 – 13000; Defence Colony 9500 – 15000; Greater Kailash: 11000 – 15000; Vasant Vihar: 9000 – 13000; Hauz Khas: 13000 – 19000; Kalkaji: 9000 – 13000; Mayur Vihar: 9000 – 13000; Vasant Vihar: 3500 – 5000; Noida: 3500 – 6500; Kamla Nagar: 2000 – 2400; Shastri Nagar: 3500 – 6500; Sadar Bazar: 3000 – 4500; IFCI Colony: 2800 – 3600; Vaishalli: 3500 – 4500; Rajouri Garden: 3000 – 5000; Janakpuri: 3000 – 4500; Lodi Colony: 3000 – 4500; Gurgaon (Smaller): 3000 – 4500; Palam Gurgaon: 2500 – 3800; Suryavihar: 3000 – 4500.
On a proper analysis of the data it would be clear that the latest trends in Delhi property for sale show that major residential regions of the capital are in a higher appreciation than other regions. For example, Rajender Nagar, Hauz Khas and Greater Kailash are in the better preference areas of the Delhi people. The higher demand for prime residential units is mainly due to the significance of the place being the national capital. Further, Delhi is the primary educational center in India. This aspect attracts more people to the capital than to other prominent places in India. Being the national capital, there is a huge population of Central Government employees in the capital and that is another reason for the increasing demand for residential properties in Delhi.

Latest Delhi properties for sale price trends show that investing in the residential sector is more profitable now. It would be insightful to see that in spite of the recent slump in the market, residential sector is showing considerable appreciation. Both the Central Government and the Government of the National Capital Region have taken several initiatives through the Reserve Bank of India (RBI) and the Ministry of Commerce and Industry, Government of India and other agencies to further boost the residential property sector in the region. These aspects collectively contribute to the higher appreciation of the residential properties in the national capital.

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The Unknown Facts About Real Estate in India

There are many unknown facts about India Properties.In a country where there is traditionally the predominance of the agricultural sector, that sector continues to be greatest source of employment generation. It may be an unknown fact that the Indian real estate sector is the second greatest employment provider in the country. This sector significantly contributes to the national income and Gross Domestic Product and it is expected there will be an average 10% increase annually in these aspects. The recent slump in the property market in India consequent upon the global economic downturn is reported to be evening out and the industry is projected to register considerable growth in the coming years. The observation of the international property consultants Jones Lang LaSalle is significant in this context: “economic recovery during CY 2010-11 is likely to reinvigorate the interest of foreign investors in India’s real estate market. We expect enhanced capital inflow in the real estate sector in the medium-to-long-term”. Again, Jones Lang LaSalle says, the faster economic growth of the nations like India, China, Brazil and Russia will pay the way for faster recovery of the real estate sector in those countries when compared with countries like the US and the UK.

Yet another unknown fact about Indian real estate is underlying in Jones Lang LaSalle’s report which says India property market will be in an upswing from the last quarter of 2009 and over the next 5 years and the industry will attract up to US $ 12.11 billion investment. Again, an estimably 150 square feet of office space will be acquired by the IT and ITES sector alone by then year 2010. Another great procurer of office spaces will be the organized retail marketing sector. It is estimated that this sector will be in need of an additional 220 million square feet space by 2010. This growth momentum will sweep across all tier-1 and tier-2 cities. Further, a joint study conducted by Jones Lang LaSalle Meghraj and Cushman & Wakefield India in association with Shopping Centres Association of India, christened Mall Realities India 2010, says that during 2009 and 2010, a projected 100 malls of over 30 million square feet will be opened in India.

It would be an unknown fact about in real estate India, that in the construction industry Indian companies are making double the profitability for their projects when compared with their US counterparts. Indian construction firms are making on an average 18 percent profit while the US companies are making only half of that. Another unknown fact is that foreign institutional investors (FIIs) are very much confident in investing in Indian real estate and the there has been a whopping 400 percent increase in the past six months.

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