Twitter
LinkedIn
YouTube
FacebookArchive for April 2010
As you contemplate originating loans on commercial real estate, you may be wondering just who is left to send those loans to! Watch this video to find out how to position yourself for succes in 2009. For more info, visti www.CommercialLoanCoach.com
Gurgaon is one of the major hotspots for commercial property in India today as it has become the most important outsourcing and off-shoring hub in the world. It is located in NCR (National Capital Region) and has emerged as the IT and BPO capital of India. It is the industrial heart of north India as it houses several top notch MNCs, Corporates and Fortune 500 companies.
The commercial property in Gurgaonis the most favorable among the business leaders as it has become a new age business destination. Undoubtedly, its proximity to the national capital, Delhi has benefited it in more than one way. Consequently, it is entitled to all the facilities available to Delhi along with the well trained and highly skilled professionals. In addition to this, it has a very business like environment in its healthy and hi-tech surroundings.
Leading property developers like DLF, Unitech, Raheja, Vatika, etc. have developed commercial spaces like SEZS (Special Economic Zone), fully furnished offices, world class business centers and cyber city in Gurgaon. All these buildings are fully equipped with what constitutes the infrastructure i.e. security measures, well designed interiors, data cabling, internet connectivity along with utilities, internal housekeeping, electricity and AC provisions. These readymade hassle free structures are an added advantage in attracting MNCs in a big way. It has emerged as one of the best cities for corporate investors as it offers ready to move in offices on rent as well.
Not only this, Gurgaon offers shopping malls, sky-touching apartments and an international standard of living. It has been quite adept in catering to the entertainment and recreation needs of the high salaried workforce residing in the city. Various shopping complexes, multi-storeyed malls, movie theatres, multiplexes, health clubs, etc. have been opened in this business city. There is, thus, indubitably a huge demand for both commercial and retail property in Gurgaon.
Rental values and property values of Gurgaon real estate is spiraling up constantly as it keeps luring the property investors and corporates. Gurgaon realty is a high growth area as demand for property never dies down and instead keeps increasing relentlessly. Its residential segment has already reached the hilt and is the hottest with so many students and professionals continually raising the demand for housing. Gurgaon has, in fact, become a top scorer among the most preferred residential destination in India. Growing housing requirements are making the need of better housing felt and so, property builders are coming up with the concept of ‘affordable housing’. This is because property rates have sky rocketed in Gurgaon, so much so that in some regions they are as high as in Delhi and in some almost exceeded them.
During recession, rental property in Gurgaon had suffered quite a lot with a significant fall of around 25% recorded. But as soon as the economy recovered, Gurgaon rental values have picked up well and are traversing on the growth path. Rents of commercial property in Gurgaon are seeing an upward trend while encouraging property developers to continue shaping up buildings for commercial use. Because of the economic meltdown, some of the leading realty shapers like DLF and Unitech had shifted their construction plans to housing sector as they deemed it profitable even in the times of slowdown. But, it’s not happening anymore as property developers are coming forward and making investments in commercial sector with equal vigor.
Therefore, real estate in Gurgaon will remain a hot favorite in upcoming times as it continues to be an attractive business destination. From BPOs, KPOs to IT, ITes sector, almost every industry has an established presence in Gurgaon, thereby, making it an important commercial hub.
Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Gurgaon property and other Properties.
From the folks at myrealty.com Own a mountain Helena, Montana youtube.com Own your own waterfront land near Helena, Montana: youtube.com Find real estate, land or your dream home in Helena, or anywhere in the world, at myrealty.com. Kill time at work or with the kids at http Get your FREE Buyers Guide here: www.myrealty.com Or Sell by Posting your Property for FREE: www.myrealty.com Get cash, home loan or mortgage here: www.myrealty.com Find an Agent or Broker: www.myrealty.com
(AFX UK Focus) 2010-07-02 16:39 TIMELINE-Changes to India’s SLR for banks since 1949
MUMBAI, July 2 (Reuters) – India’s central bank late on Friday raised its short-term borrowing and lending rates by 25 basis points each.
Read more on Interactive Investor
RBI raises short-term rates to contain inflation
Mumbai, July 2 (PTI) The Reserve Bank of India (RBI) today raised the short-term lending and borrowing rates by 25 basis points with immediate effect to contain inflation.
Read more on Press Trust of India
Bank of China to raise $8.9 bln in rights issue
Bank of China said Friday it plans to raise up to 8.9 billion dollars in a share rights issue in Shanghai and Hong Kong to strengthen its capital base.
Read more on AFP via Yahoo! News
Work Faces
Appointments
Read more on Fort Worth Star-Telegram
The new-found commercial hub of India, Gurgaon, is one of the most well developed cities in the country. Within a decade, Gurgaon, one of the most happening markets in Delhi-NCR, has seen some of the major upswings in its property market. The rates of the commercial as well as residential properties are typically very high. Also, what makes the city more popular is its close proximity to the airport, which even gives an edge to Gurgaon over the other major cities in India.
Why the property rates in Gurgaon are very high
The real estate prices of Gurgaon are, undoubtedly, much higher as compared to other cities of India. This is mainly due to the development of countless industries and multi-national companies in Gurgaon. These firms require commercial properties in order to set up their different offices in the city. This has led to an increase in the prices of commercial properties. Besides that, people from all over India live in Gurgaon to work in these companies. Because of this, there is also an increased demand regarding the residential property, which includes flats, apartments, and condos.
The ever growing corporate culture in the metropolises of India is also responsible for the demand of commercial space, especially in India’s fastest developing suburban, Gurgaon. From the largest to the medium-sized, all kinds of companies want to occupy even the tiniest space available to reap benefits of the rapidly developing city.
Gurgaon, also called the Singapore of India, has, for sure, emerged to be the focus of major companies and BPO’s in the northern part of the country. Also, with the arrival of the top-notch MNC’s and Fortune 50 companies such as Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, etc., there has been an increase in demand for commercial space witnessed over the past few years.
Other than that, what also matters is the location of the city. Gurgaon is well-located in the National Capital region and is just 15 kms from the New Delhi International Airport and is very well connected to all the facilities of the National Capital. Besides that, Gurgaon offers a hi-tech and conducive corporate environment that makes it the favorite destination for many business enterprises. The commercial property market of Gurgaon offers modern infrastructure and amenities developed by leading real estate developers like Unitech, DLF, Vatika and Vipul.
Real estate prices in Gurgaon are soaring new heights each year. Although big companies can easily afford to buy a fully furnished property to launch their base in the city, small companies prefer renting corporate spaces to reap the benefits of this rapidly growing commercial center. In Gurgaon real estate, commercial rental properties are easily accessible with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. So, one does not need to fret about the initial investment for furnishing the property with basic amenities and utilities.
Also, to meet the increasing demands of commercial rental properties in Gurgaon, real estate players have undertaken many middle and high-end projects at Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. Not only upcoming companies but also global organizations consider the alternative of renting a property than buying it, as the returns in leasing or renting are much more profitable. Besides that, investment in commercial real estate in Gurgaon has become a lucrative option. One can reap great benefits from your noble idea of investment in a commercial property in Gurgaon than just sale and purchase of residential properties including homes and apartments. As Gurgaon now is a home to several MNCs and BPO firms, an investment in commercial real estate in Gurgaon will definitely be a beneficial deal.
So, commercial property in Gurgaon can be your productive investment in a number of ways –
You can make profits through renting it out to businesses. You can establish separate income sources apart from regular earnings.
In the end, do remember that after buying commercial real estate in Gurgaon on most attractive rate, you can maximize your profits through upgrading commercial property with required infrastructural and interior modifications. Then, you can again sell your Gurgaon property on the most preferred rate.
Investing in the commercial realty market of Gurgaon is definitely a profitable choice.
Sukhpreet kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property, search for a property, browse through Gurgaon Real Estate and Properties.
A trillion dollar commercial real estate crisis will begin to unfold in 2010, when short term loans must be refinanced, yet commercial property values have plummeted.
As many as 500 regional banks may fail as commercial loans default, and the FDIC only has 10 billion left to cover insolvent banks. Compounding this Deuthsche Bank forecasts that 48% of home mortgages will owe more than the home is worth by the end of 2011.
Corporate bankers and commercial lenders, learn how Commercial Lending Training can help you make you valuable to your company. Learn more at: www.ethanhathaway.com
Popularly known as Electronic City, Gurgaon is a beautiful place where crime rate is very low. People who have purchased properties in gurgaon are very lucky as prices are raised incredibly and rents are increasing day by day too. Either personal uses or business purposes, properties of gurgaon is sought after in both situations among people.
Individuals can get sundry information with the presence of internet apropos to properties in Gurgaon such as Structural Design, Sanction of Building Plan, Construction work with Material, Completion Certificate of Building, No Objection Certificate, et cetera.
Apart from above mentioned services, one can also get innumerable information such as construction services that include Sell/Buy/Rent of Farmland/Farmhouses, Residential Properties, Commercial Properties, BPO/Call Centres, Plots in HUDA Sectors and Flats.
There are a number of reasons for property of gurgaon has become sought after such as special economic zone (SEZ), Expressway to Jaipur, Metro Rail connection to Delhi, et cetera. It is also expected that 8 SEZs will be set up in near future.
Due to presence of a number of malls and some under construction malls, the people of Gurgaon have seen diverse business from retail to commercial. Apart from corporate buildings, there are a number of commercial centers that include InfoCity, Pace City, IMT Manesar and Udyog Vihar, which make Gurgaon commercial hub of India.
Besides high rated projects, there are a number of projects that are available for middle class segment. Some popular developers designed some projects keeping in mind requirements of middle class community at lower prices.
Popularly known as a hub of corporate offices, Golf Course is very famous for having some renowned buildings for instance Global Foyer, Vatika Tower, Vipul Tech and so on. Some renowned developers also developed office spaces in Sohna Road.
Due to presence of sundry industries and multi national companies, there is higher property rate in Gurgaon compared to other cities in India. Nowadays, Gurgaon Real Estate has become first choice among corporate houses and firms. It is expected that the prices of properties in Gurgaon is going to be raised so investment is safe and secure here.
Martinez Collins has been associated with Real Estate. Having good experience in real estate India, her advice is very helpful for investment in real estate India and basically her in depth knowledge about real estate development.
The boom in the Hyderabad real estate sector has still not been able to satisfy the growing demand from corporate looking for ready-to-occupy properties. IT and ITes are continuing to drive the market. IT professionals are vying to buy an apartment in Hyderabad.
Moreover, it’s the commercial market which is driving the residential property segment in the city. Hyderabad real estate developers feel that, in next few years BPOs and call centers, software offices and back offices of financial institutions will occupy the maximum space. Property consultants expect the upward trend in prices to continue, even as the State Government frees up land in different parts of the city and the outskirts. Land availability will facilitate the creation of corporate office space.
In Jubilli Hills, central business district of Hyderabad, capital prices of plot range from Rs 80,000 to 2 lakh per sq ft. Retail property in CBDs is around Rs 3,500- Rs 10,000 per sq ft. Multiplex are the trendy and upcoming way of commercial activities ranges from Rs 10,000 per sq ft and goes above. The rental value in this area is Rs 30,000-60,000 per month which is high in comparison to other commercial localities.
Many new commercial projects are on the cards by big national developers. Raheja group has acquired 100 acres in Gundla, Pochampalli, Delhi based DLF has acquired 3 million sq ft land for commercial activities, Godrej Properties will be setting up an IT Park on 34 acres of land at Pattancheru, Parsvanath has a mall-cum- multiplex, and a hotel project coming up in the city, Ramkey group is venturing into commercial development in the city.
Hyderabad properties are fast becoming the preferred choice for investors. The city not only provides quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks and campuses, an international airport. Mall culture, new airport and subsidy in stamp duty and registration charges of property are other key factors of high rise in the value of Real Estate in Hyderabad.
George Gonigal provides you the best and latest information on Bangalore Real Estate Developers, If you want to Buy Apartments in Hyderabad, he suggests you log on to magicbricks.com