Gurgaon Residential Property Rates – The Latest Trend

The latest trend in Gurgaon property rates shows an upswing in the residential property rates. Since the onset of the slump in the property market over the last couple of years, the real estate prices in this region has undergone a downward trend. But now the slump has shown signs of tapering off and the real estate market is back in the saddle. The average prices prevailing in the main centres of the city are like this: DLF Phase V, apartments Rs.2500 to 7000 per square feet, builder flats 6500 to 7500 and plots 50000 to 65000. These figures were approximately 5% to 10% less about 6 months ago. In the South City, apartment rate per square feet is from 3520 to 8000, builder flats 3000 to 5000 and plots 10000 to 25000. This price trend was approximately 10% less about 6 months ago.

The upward trend of the residential Gurgaon properties could be further evidenced by an analysis of the average price prevailing in other prominent locations of the metro centre. In Sushant Lok III, the apartment rate is on an average from 2000 to 3500, builder flats 2800 to 5000 and plots 25000 to 55000. Approximately one year back, these properties were available at about 10% to 15% less than these prices. Again, on the Sohna Road location, apartment 200 to 3500, builder flats 3200 to 4000 and plots 20000 to 40000. Last year December, these properties were available at 8% to 15% less than these prices. In the Palam Vihar area, apartment 3200 to 3500, builder flats 2500 50 4000 and plots from 30000 to 35000. About six months ago these were about 10% to 12% less than these figures. Further in the HUDA 2 locality, apartment 3000 to 6000, builder flats 2500 to 4000 and plots 20000 to 40000.

As aforesaid, the latest residential Gurgaon Properties rates show an upward trend. Not only prices, but rental rates also show an increase now. In the DLF Phase V, apartments admeasuring around 2000 to 25000 square feet have an average rent of 25000 to 65000 per month and builder floors from 17000 to 25000. In the South City area is around 10000 to 25000 and 15000 to 20000 respectively. The same kind of properties in the Sohana Road region has rent from 13000 to 18000 and 11000 to 17000 respectively. These figures were about 10% to 15% less about one year ago. Apart from the waning effect of the slump, the recent sophistication in transportation infrastructure has as added a new dimension to the property appreciation in this stretch.

Tags: , , , , ,

Tags:

Real Estate India Offers Very Attractive Property Investment Opportunities

Undoubtedly, real estate India offers very attractive property investment opportunities for anyone interested in making real good money. This is due to the consistent appreciation of real estate properties in India for several years now, barring the recent slump in the wake of the global economic meltdown. But the recession has had only a temporary effect in the Indian economy. The real estate industry was in fact affected by the resultant slump, however. And, reportedly the doldrums in the market is tapering off and the industry is again becoming vibrant with talks and deals. As such, individual and institutional investors have begun to evince keen interest in real estate properties in India. As the slump has caused stagnation in the market, many prime properties are available at much less price than they would be available after a year.

From another angle also investment-wise real estate offers attractive opportunities in India. Among other investment options, stock and shares do not seem promising in the context of fluctuating sensex and volatile market conditions. Bank deposits and related investment options will not yield any lucrative returns in the context of inflation and declining currency value. There is yet another aspect which can inspire confidence in the mind of the property investors in India. Currently, the real estate scenario in India is undergoing a metamorphosis. In the new scenario new market equations are emerging due to the influence of sector-specific and macro-economic factors. Also, industry experts aver that the Indian property sector is going to be in an upswing in the coming years. The renowned property investment analyst, Jones Lang LaSalle opines: “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”.

There is yet another dimension to the fact that real estate Property India offers very attractive investment opportunities. In resonance with the foregone forecast as to the prospects of real estate investment in India, it would be logical to anticipate a quantum leap in the property sector in India in the coming future. The projected growth in the national income in the coming years will be directly linked to a resultant up-thrust in the property market. Further, owing to the increase in the pay-scale of Government employees, better paying corporate sector, foreign exchange through NRI manpower, an estimated 10 million residential units in the middle-income-level will be in need in India in the coming years. This aspect is very relevant when we analyze the scope of property investment in India.

Tags: , , , , , , , ,

Tags:

Own Your Dream House at the Posh Areas of NOIDA Real Estate

With new cities blooming everywhere in India, owing to the recent industrial developments, NOIDA is no exception. Conceptualized and brought into reality on 17th April 1976, this place has fast become one of the major metropolises of India. The “Poor Cousin of Delhi” is ironically one of the highest per capita income cities of this country. Into the role play of its “horse fast development” is the major IT firms that have made a permanent home into this place. To follow the lead is the other corporate giants that have opened their head offices here. Buying a house through the umpteen number of “Noida real estates” is now every man’s dream.

Why is the Noida real estate suddenly a hot spot of home buyers?

The Noida real estate has suddenly topped the priory list of all home buyers. The reason is the low cost, the sprawling greeneries and the high standard of living. Noida is flooded with malls, world class schools, hospitals, and is connected with Delhi and rest of the NCRs with good flow of transportation. With Metro launch more floods of people is expected to arrive here for work in future times. Talking about the real estate- you can get all kinds of plots, commercial lands, apartments, LIGs, MIGs, HIGs and villas, etc. there is something in store of everybody. And the best part is the still low price tags. The city has everything to give with low burden in pocket, at environment friendly scenario. So, even those having a property or two in Delhi prefer to have one here too.

» Read more: Own Your Dream House at the Posh Areas of NOIDA Real Estate

Tags: , , , , , ,

Tags: