REALTY PRICES TO STAY HIGH AS DEMAND RISES

BANGALORE | NEW DELHI: Home Prices are unlikely to fall this year as sales have picked up across most metros in the past few months, according to bankers and realtors. Property Sales across major cities, such as Bangalore, Chennai, Gurgaon and Noida, rose on increased buyer interest, Bank of America Merrill Lynch said in its report for the fourth quarter of 2011. While sales in Gurgaon averaged 5,200 units over the last eight quarters against an average of 6,100 units on offer in the same period, Noida saw a marginal rise in home purchases. Quarter-on-quarter home sales in Mumbai, however, fell 25%.

How you can save yourself from rising EMI ?

"Sales volumes across cities (Mumbai being an exception) surprised us positively. Mumbai is headed for a sharp correction by another quarter or two while other property markets may remain stagnant due to rising unsold stock," the report said. The Confederation of Real Estate Developers' Associations of India (CREDAI) also said sales have picked up despite builders continuing to hold on to prices. "Sales have picked up in the last few months and developers have not reduced prices as input costs have gone up. At first chance, they will increase rates by 10-30% across markets," said Lalit Kumar Jain, president of the 6000-member association. "With inflation easing and chances of the cash reserve ratio coming down, builders are not so desperate (to cut prices) anymore as they have been able to generate sales," said Renu Sud Karnad, managing director of HDFC Ltd. one of India's biggest housing finance companies. Besides, builders are unlikely to reduce prices as they are managing to break even with 40-50% sales. Prestige Estates projects has sold 30% stock in its newly launched property in Cheenai in just a month. "We have clocked total sales of 1,464 crore in the last nine month as compared to 1,385 crore in financial year 2011," said Venkat K Narayana, CFO. Mumbai-based property firm Lodha Developers said it has seen an uptick in sales since January. "People have been waiting for a price correction but chances of that happening are very slim," R Kartik, chief marketing officer, Lodha Developers. "Properties in the range of 25-30 lakh are moving faster but the chances of NPAs in that segment is more. Our experience shows property prices have always been on the upside. A correction, if any, would be too small," said SP Singh, general manager (retail), Punjab National Bank. Since last two quarters some 125 million sq ft has been added in new launches in the country's top six markets. Bangalore and NCR saw the highest number of new launches at 48 m sq ft and 31 m sq ft each followed by the Mumbai Metropolitan region with 16 m sq ft, Pune 16 m sq ft and Chennai 12 m sq ft.

Unsold Inventory

But currently only 17 m sq ft, or 14%, of the total space launched has been purchased, adding to the total unsold inventory, said Pankaj Kapoor, founder of Liases Foras Real Estate Rating & Research. In Mumbai, unsold homes are now three times the 2009 levels at 29,000 units. Industry observers said it will take 18 quarters to sell them. Bangalore saw the steepest rise in available-for-sale residential units to 31,000 in the fourth quarter of 2011 from 18,000 in the year-ago period. In Noida, unsold residential units have risen to 75,000 in the last quarter of 2011 from 68,000 a year ago. Comparatively, unsold inventory levels were flat in Gurgaon at 19,000 units, and builders hoped to sell these units in the next three quarters. "Sales in new launches have been good but older stock is not selling. There has been a spurt in new launches in Bangalore, Pune, Chennai and the NCR where pre-sales, which are at a lower value, have done well," said Kapoor. In view of the huge unsold stock in major cities, equity funds and banks have called for a 10%-15% price cut. "There has been no concern on disbursement expect for Mumbai, where builders need to bring down prices," said Karnad. "Despite being saddled with high inventory, no significant correction in prices has taken place in these markets yet. In fact, some pockets have witnessed rapid prices appreciation in the last nine months," said Rakesh Khanna, a deputy general manager who handles housing at State bank Of India. "A decrease in residential real estate capital values will significantly stimulate housing demand," he said. News  has been originally published at Economic Times

Steps to find the best Real Estate Company Noida

Home is a place where we live, relax and plan to flourish in life so, it matters a lot. Nowadays nothing is untouched with competition; same case is with real estate company Noida. Noida is SEZ and people understand the fact that they can get here everything what they wish nearby their dream home whether it is a good school, college, office etc so they are interested in buying apartments in Noida.
Noida is not only an ideal place to buy flats in Noida but also for investing and renting purpose. For getting all these benefits in a single deal, a good real estate company must be approached. To find out the best real estate company Noida, some steps are needed to be considered i.e.
1. There are two ways to find out the best real estate company; by personal visit and second one is, via internet. It is better to take the help of web world as it is flooded with unlimited options and information.
2. Firstly, shortlist some good real estate companies by searching on internet. You can calculate their goodness and reliability by reading the feedbacks of their customers .If customers are repeating, it means they are giving good deal of properties with ease so people are reverting back to them.
3. Find out the number of years of their existence in market from their website. If it is not new, it means they are trust worthy.
4. After short listing the company, check the list of properties with them to deal and also their locations..
5. And lastly, but very importantly, do a wise selection of property from such list according to your need and budget.
6. If you really want a good and trusted deal of your Simplex and Duplex apartments Noida, consider such company who are not hesitating in personal meetings and dealings.
7. Negotiation really matters in every deal, so do a wise negotiation on cost factor with them.
8. At time of negotiation don’t forget to inform them indirectly that you are well known of prices running in market and try to quote some prices too .Such quoting will help you really because no any real estate company wish for losing his deal due to some silly amount reduced by his competitors.
Buy considering such steps you will surely find a good deal of your home at friendly rates at your preferred location.

How real estate company Gurgaon help you find luxurious property?

When it comes to buy luxurious property, you must look no further because real estate company Gurgaon has always been the best way to find a great property for your needs. When you prepare yourself to buy a home, you don’t just invest money on property but you spend your lifetime wealth on your dreams. Real estate companies in Gurgaon are completely aware with the value of your dreams and for this reason they always intend to make you buy best of the best property at affordable cost. Their efforts have always been amazing and there is a huge list of people whom real estate companies in Gurgaon have satisfied.
Although Gurgaon is known for its growing proximity in industrial area but apartments in Gurgaon have also been a most essential component of its popularity. The thing which attracts the first time visitors to Gurgaon is “Apartments in Gurgaon”. They have been built in such way that everyone dies to have such apartments for themselves. Apartments in Gurgaon seems no less than a palace, they are so eye-catching and always been an ultimate dream of every single person to buy such apartments.
Apart from apartments there is one more thing which attracts people a lot, that is “Flats in Gurgaon”. Being a human being you always dream to have a flat where you can spend your whole life with great ease and comfort, but sometime it gets bit tough to find such flats. This is where “Flats in Gurgaon” come into limelight. Gurgaon flats have specially been built by keeping the needs of common people in mind. They have all sorts of feature which you always dream to have in your own home. The most important thing is that they are located in Gurgaon area which is a city of success in itself.
If you are not in mood to buy apartments and flats then you must think of Villas in Gurgaon. Villas in Gurgaon are considered to be the rare kind of living areas which is completely different, comparing to houses or flats. They are located in an open location which is holistically covered with the magic of nature. These villas are made up with some rare kind of designs and this rareness keeps them different to any other home of apartments. No matter what kind of property you are looking for whether it is villas, apartments or flats. Gurgaon fits in accomplishing you all needs.

Real Estate Investment in Noida

Running a real estate company in Noida is a profitable business. Noida is flouring in terms of the infrastructure and the educated population. The main reason behind this major growth is the migration of people from Delhi who are in search of a better place to make their permanent residence. Excellent connectivity by roads and the Delhi Metro are other reasons that make Noida a great place to invest one’s money into real estate. All these factors also make Noida one of the best cities in the Delhi NCR region. Noida is also proud to be the most tax-paying district in the UP due to the high population of well-earning and educated professionals.
A significant growth in population can be seen in the city due to the fast-paced development of IT and ITES companies in Noida. A boom of multi-national companies also has made it to the urgent requirement for apartments and residential villas in Noida. This has in turn increased the demand of residential plots and apartments.
Due to the inflation in prices of properties in Noida, investors find this city a great opportunity to invest in residential apartments in Noida. As corporate offices are also booming up in the city, there’s a large need of commercial apartments in the city which again is a great advance in the real estate industry.
Profits are assured if the investment is made in a real estate business in Noida. Since Noida is a city very close to the capital city, Delhi; it is also one of the favourite spots for NRI investment. Non-resident Indians never find it hard to invest in luxurious apartments or flats in Noida as they can easily have their second homes next to the capital. Due to a large amount of money flowing through foreign exchange, Noida is growing in terms of its real estate also.
The reasons of investing in a real estate business in Noida are stated above. Noida is one of the fast growing cities of the nation where any investment is not going to be a loss. When people flock to this place with dreams of their career, they also find the place a great place to live in. Noida has every kind of modern luxurious apartments. Noida is thus one of the most sought-after cities in the country and is competing to be the best of its kind. Flourishing industries and great transportation facilities also is an added advantage to this city.