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Goa Real Estate Emerging Realty Destination

Goa is situated on the west coast of India and is famous for its millions of years old beaches, world heritage architectures and worship places i.e. both temples and churches. The capital of Goa is Panaji and is highly distinct from all other cities of India. Goa is the hottest and the most popular tourist destination for its pristine beaches and international lifestyle.

The city of Goa splashes a terrific blend of old and new, verdant hill forests, shiny sand, swaying coconut trees, infrastructural marvels perfectly coupled with hospitable and charming people. This region known as the smallest Indian city does not only lure holidayers but property investors also. The investment avenues are evergreen in this city as all the above luxuries can be enjoyed throughout the year. Goa seems to be a perfect investment destination for many as relaxed and quality living is its primary offering. You can enjoy your retirement life amidst its greenery and sparkling environs by investing in Goa property now before prices are spiraled high. You can invest in any kind of property like penthouses, flats, guest houses, rest houses, hotels or other kinds of residential and commercial properties.

With the growing awareness of the tourism potential in Goa and the entry of various international events, the property rates have already grown high. The real estate in Goa is blooming and rates are expected to grow further. The temperature of this city is congenial and suits all kinds of visitors from across the world. It has a global appeal that makes it a favorite with foreigners and continues to invite investments from international corporate entities. Being known best for holidaying, businesses in hospitality are at the top in Goa. In the commercial sector, tourism companies and hotel industry show great interests in Goa real estate. Steep rise in commercial realty rates has also been predicted by the real estate experts.

Moreover, properties in Goa are extremely eye-catching that keep the watcher hooked to them. It is known for its architecture and cultural places like age-old churches and temples. People from far flung areas come to visit these pristine marvels, making this city a precious jewel for the country. Such attractions make it one of the most sought after realty destinations of India. It would always prove beneficial to invest in property in Goa as it will inevitably grow as a holiday destination and a tourist spot.
The future scope of Goa real estate is unlimited and so, realtors and property agents advise investments in the current scenario as it would soon witness sky rocketing prices. This investment would reap high profits in future and so, various leading property dealers like DLF, Parsvnath, Acron, Araujo Home Makers, Sanatan Financers, etc. are entering in Goa in the quest for investment avenues. Some of the upcoming Real Estate Projects in the city are listed below:

1. DLF is all set to come up with a glitzy shopping mall in Panajis Patto in Goa.

2. Prominent real estate developer, Parsvnath Builders and many others are constructing projects with the aim of transforming scenic locales of Goa into huge housing segments featuring health clubs, tennis courts, shopping malls, hospitals, schools, etc.

3. Apartments on the beach or one with a river view or an exclusive bungalow featuring top-notch facilities, etc. will be the new face of the beach city, Goa. Shopping arcades featuring top brands are also mushrooming in the city.

According to real estate consultants, residential property in Goa asks for high rentals along with good resale value. The construction boom has swept the entire city while it emerges as the upcoming realty destination.

Real Estate Slow Down In India

There has been an overall slowdown in real estate industry and various industry players have been affected. Some factors responsible for this slowdown can be increase in interest rates, slowdown in IT industry, increase in property prices, and increase in interest rates loan rates because of which many property buyers have stepped out of market. But somehow this slowdown can bring happiness to those middle class buyers who have been eagerly waiting for the property prices to come down. In major cities such as Delhi, Mumbai, Bangalore, Chennai and Hyderabad real estate market has come down. Also because of increase in cost of raw materials like steel, iron and building material builders are facing difficulty of constructing property at agreed prices.

Real estate slow down in Bangalore

As realty business in Bangalore has been hit by global financial crisis because of this uncertain condition in Indian equity market and property prices builders have come in formidable situation .The condition is that approximately 400 flats or more are still vacant despite of advertisements .And the situation is same with may top builders of country. Many builders developers said they have faced a drop in new projects as compared to last year because of which condition has become worse in the market.

Real estate slow down in Hyderabad

Because of Realty business is facing a slow down developers have decided to launch special schemes to attract buyers like launching special incentive prices etc. Also prices which were at some time had gone up are now cooling off because of which there is low growth rate. There are many factors that have contributed to the present scenario and may small buyers have backed out from the scene because of high interest rate, increase in input cost and strict rules. Indias largest real estate company DLF which has built may commercial and residential projects has announced that they will make high end luxury apartments at affordable prices in Hyderabad after seeing IT and real estate slow down.

Real estate slow down in Delhi

Delhi/NCR has also been badly affected with this realty slow down .Some real estate developers or agents have shut down their business and switched to other business because of this slowdown as it was being difficult for them to survive in these conditions.

Real estate slow down in Mumbai

Mumbai Real estate is a very large market with many Top builders and developers under its belt. But there also Developers have to cut down their prices for new homes for sale as condition of market has still not improved yet. As Mumbai has a large market for supply of high-end apartments as compared to other cities still there is a fear that of oversupply as many buyers have backed out.

This may be the current situation of Realty business in major metropolitan cities but there was also a time when a handsome salary package of six figures meant a home in the heart of metropolitan city .But the property boom turned down this dream of many people .Now we can say that only rich people are finding a home for themselves in theses metropolitan cities. With trembling condition of sensex and liquidity scare in banking sector the real estate industry has to come up with ways for attracting buyers. But sources are saying that this is a temporary condition and real estate developers are hoping the conditions will improve soon

The Top Notch Real Estate Companies India

The booming property market of India proves the rapid growth of the real estate companies India. The realty companies of India are involved in varied activities ranging from infrastructure development, residential complex, commercial real estate to retail space development.

The favorable government policies are one of the major reasons behind the growing real estate companies India. The government approves of 100 % FDI encouraging people from all across the globe to invest in India. Let us take a look at few of the major real estate companies.

Major Real Estate Companies India

Ambuja Realty Group The company is a joint venture organization between Ambuja Housing and Urban Infrastructure Company Limited and West Bengal Housing Board. The objective of the company is to develop affordable homes with strong base and close nature.

DLF The developer is considered to the be biggest builders of India. The first project developed by the company was on the very heart of Delhi. It is a trend setter in the industry. Much of the credit for changing Gurgaon urban landscape goes to DLF.

Sun City Projects It is one of the leading companies in India. The company has till date involved into variety of projects ranging from group housing to townships to luxury apartments, shopping malls, complexes for office to amusement parks.

Merlin Group For the past three decades the company is active in the real estate sector. The builder has successfully developed townships, office buildings, shopping malls, clubs and office buildings in many cities like Kolkata, Ahmedabad and many such.

Mittal Builders The company has been into the real estate industry for the past 5 years. Unlike its counterparts, the main agenda of the company is to develop real estates. It has successfully carried out its development activities in cities like Mumbai, Bangalore, Pune, Secunderabad, Nagpur and many others.

K Raheja Constructions The construction company ranks among top 10 realtors of India. It was honored with Best Construction & Real Estate Sector Implementation. Raheja has built many projects in cities like NCR, Mumbai, Pune, Chennai, Bangalore and many such.

There are numerous other real estate companies India that are coming up with innovative commercial and residential projects, changing our very form of living.

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Manesar Real Estate Market

Manesar is one of the fastest growing townships in India and is a part of Delhi NCR. After Gurgaon, Manesar has caught the eye of Haryana Government and has become the new centre of developments.

Many eminent real estate developers are planning to invest in Gurgaon-Manesar Expressway. Builders like Unitech, Raheja, Vatika, DLF and various others have bought land in Manesar to create townships.

The upcoming projects like Expressway to Jaipur and SEZs are bolstering up the value of property in Manesar. These projects are undertaken by Reliance, DLF, Unitech and Raheja and are helping in boosting the property prices in Manesar already. In fact, according to survey held recently, Manesar ranked among top 3 choices of investors for property investment.

Manesar, from a small village is soon scoring its place among major outsourcing hubs in India. This transformation could happen due to the rising needs of industrial and commercial sectors. IMT (Industrial Model Township) is the main attraction of Manesar for industrial buyers as it now houses more than 500 industrial units.

Upcoming investment plans in Manesar:

Large numbers of corporate leaders like Nippon, Baxter, Stanley, Toyota, Mitsubishi, etc have setup their business units in Manesar.

With already being a home to largest car and motorcycle manufacturers namely Maruti Udyog and Hero Honda, another corporate honcho, Suzuki is also coming up with plans to invest Rs. 2500 crores in Manesar.

Also, Japanese majors and other multinational companies like Samsung Telecommunications will soon establish a unit worth Rs. 850 crores in Manesar to commence the commercial production of their products.

Next in the pipeline are Honda Motorcycles and Scooters India with a plan of pumping in Rs. 300 crores in its plant in Manesar to improve its capacity.

As happens with every developing city that the demand for residential property is upped due to commercialization, the trend is well followed by Manesar too. The professionals employed by the multinationals generated the need for housing and apartment accommodation. The rapid development of both commercial and residential sectors in Manesar has made it extremely popular among property developers as well as property buyers. The boom in real estate market is at its peak and this is what makes of property in Manesar sell like hotcakes.

An industrial and commercial hub:

Manesar is now known as an industrial and commercial hub of the city and has long ago shredded its image of a village. Earlier, no one had ever thought that a small city like Manesar could hold such potential for real estate market. There could be many reasons for this metamorphosis:
When Delhi became congested, leading companies moved to nearby areas around the national capital. It went on to develop Gurgaon property market by carrying their operations there and when again it was exploited enough, they moved further to Manesar. Therefore, hefty investments from various MNCs and setting up of major establishments in the city led to its conversion into New Gurgaon as called by many over the past few years.

Hike in property prices:

The property rates have doubled and even trebled in some areas in Manesar and have jumped from Rs. 20-25 lakhs per acre to Rs. 1.10-1.40 crores per acre. In just few months, commercial property prices have hiked by whole 35-60% and residential property by over 35%.

Infrastructural Developments:

The construction of 135 km long Kundli-Manesar-Palwal (KMP) Expressway has further augmented the property prices in Manesar Property. This would be the longest expressway of India and the most expensive too.

Real Estate projects:

Corporate Tower
It is expected to fulfill business requirements of shops, offices, etc.

Commercial Towns
HSIIDC would develop 12 commercial towns.

Townships
DLF City is planning to develop a huge township while Vatika would undertake construction of plots and villas.

Karma Lakelands
Unitech would bring in Ultra Luxury villas with an 18 Hole Golf course.

Manesar is seen as the next generation IT-ITes destination and is conveniently located. It has become one of the most preferred places to invest money in for both buyers and investors.