Since
the inception of the new Government, there have been a growing positivity amongst
the real estate Indian sector. The
builders are coming up with new projects hoping good returns from the
investments and new developments that has taken place.
Within
a time period of six months or so, the new Government shows new hopes for the
growth of the property market in India. Be it the residential or the commercial
segment, the Government has taken a toll to create new policies that are
two-pronged, providing better access to fund on the one hand as well as prolong
liquidity to the end-users strengthening affordability. These steps are aimed
to offer a balance to this sector of demand and supply in the near future.
Allowing
the foreign direct investments upto 100%, the Indian government has shown a
green signal to
The
Indian developers and encouraged them to come up with real estate projects. This
is applicable to the townships, commercial, housing as well as industrial
developments so as to boost the infrastructural activities in the nation. There
is a provision for reduction in area ranging from 50,000 sq.m. to 20,000 sq.m.
as well as reduction in minimal capitalisation for the FDI investment from $5
million to $10 million. It helps boosting urbanisation, particularly in th tier-2
and tier-3 localities, which are struggling to get bigger projects.
Remarkably,
the government has been encouraging investments from the Person of Indian
Origin (PIO) and Non-Resident Indian (NRI) communities. Developments such as
REITs shall open new channels for both the residential and infrastructural or
commercial sectors. All of these measures lead to rise the confidence of
developers, investors and end users. It is expected to change the way 2015 is
perceived for the sector dealing in property in India. This will definately create
a better an environment for growth for the real estate, supported by a stronger
economy as well as a better consumer or end-user confidence. Some of the
localities that are already experiencing this growth are:
- Chennai
- Pune
- Kolkata
Chennai
Navalur
is also among those regions which give higher rental rental as the workforce
don’t mind paying rent on a bit higher side, as it is close to their
workplace and helps them to maintain a
balance between their professional and personal life. Hence Sholinganallur, Thoraipakkam and Navalur are
worth exploring as good investment options for those buyers who look for
long-term results in terms of rent.
Moreover,
the region is growing infrastructure development and employment opportunities
are another reason for the rise in property value terms of resale as well as
for renting purposes.
Pune
When
it comes to luxury projects in Pune, they are defined to have units which
measure more than 3500 sq. ft. and are in addresses that signify prestige and
status. The prices per square feet of such properties are more than Rs 12,000.
The top three localities in Pune that are buzzing with the residential projects
are: Koregaon Park, Kalyani Nagar and Baner. The large numbers of ITeS-BPO and
IT companies have completely changed the shape of the property market of the
area. High quality residential property options have come up in the city all
over.
Kolkata
The
top four suburbs on which home builders such as Godrej and Unitech are
concentrating on are:
- Rajarhat-New Town
- BT Road
- Tollygunge
- VIP Road
Numerous
schools, hospitals and shopping zones are in the vicinity of the area. There
are various options for those who are looking to invest in property in India.
