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Fabulous Faridabad

2008-05-11T23:24:00.003+05:30

Faridabad is emerging as the fatest growing satellite town in the NCR.

As real estate sketches new boundaries in National Captial Region (NCR), Faridabad emerges as the fastest growing satellite town for residential investments. Giving its counterparts - Gaziabad, Noida, Greater Noida, Gurgaon and Sonepat, a run for their sheen, Faridabad is destined to bear a complete makeover by the year 2010.

Faridabad - A city different from Others

While realtors point that Faridabad has witnessed development primarily because of the surrounding real estate boom in NCR, the fact remains that the city, in itself, has massive potential for multifaceted growth. The developers are only utilizing this potential to spur its rapid growth and, because of this, Faridabad has also become a prime focus are for HUDA (Haryana Urban Development Authority), more than Gurgaon and Panchkula, in the last two years.

Rohtas Goel, CMD, Omaxe Ltd, says: Earlier, no developer was interested in Faridabad, or rather, the area was not being marketed be anymore. But, over the last three years, the town has undergone sea change. Faridabad, three years ago was totally different from the Faridabad, we see now. Earlier, the city faced several bottlenecks to its growth because of lack of infrastructure. But with good roads and expressways swiftly coming up over last few years, the region is bound to have a complete transformation. Besides, the most important factor in this development is its proximity to Delhi. as compared to other NCR towns, Faridabad is the closest to the National Capital.

When asked whether Faridabad is being developed for its own sheer potential or it is mainly the effect of overall real estate boom in the NCR, Goel replies: The reason for development in Faridabad is mixed. The regional potential combined with the distribution of real estate activity has together fuelled the overall development in the area. The HUDA too has been supportive of the private mode of development.

The early townships
The first townships to develop on the lines of Gurgaon private mode include Charmwood Village developed by Eros, Lakewood City and Greenfield Colony. These townships also enjoy close proximity to South Delhi.

Green Faridabad
Located in a green belt near reserved forest area and the Surajkund tourist complex, Sector 43 is witnessing some fast and sustainable growth. the sector is being further developed by intense private builders activity. Leading the multi-dimensional growth is Omaxe, which is undertaking three major projects in the area The Forest, Omaxe Hills and Green Valley.

Spread over 14.5 acres. The Forest houses ultra-premium luxury apartments and penthouses. According to the real estate giant, the project would be completed within two years and would altogether change the landscape of the region.

Other builders engaged in the development activity in the area include Eros, RBS and BPTP. The presence of worldclass educational institutions like Manav Rachna University, Modern Vidya Niketan and Aravalli International School is fulfilling the educational requirement of the area.

Premium HUDA Sectors
While land prices in almost all HUDA sectors have seen a consistent rise over the last three years, the fastest surge has been witnessed in Sector 21, a relatively new sector. According to realtors, much of it has been due to the construction of townships by private players in the nearby sectors like 41, 42, and 43.

The market rates in Sector 21 vary from Rs. 25,000-30,000 per sq yard. In other sectors like 28, 16, 16A, 15, 14, 9 and 8, the land rates are Rs. 20,000-25,000 per sq yard. Prices in Sector 37 on of the oldest sectors, range between Rs. 25,000-30,000 per sq yard.

Naharpaar: Strategic and Hot
One of the fatest growing areas, Sector-86 popularly called Naharpaar are would set an example in the years to come. Situated beyond the Ols Agra Canal, the area has all that it takes to be a perfect destination. Strategically located - about 3 km from NH-2 (Delhi-Agra highway) and 3 km from the proposed Taj Expressway, the area is well connected to Delhi, on one hand, and to Noida-Greater Noida on the other. Faridabad and Greater Noida couldn't have been better linked to sector 86 - which, after completion of Taj Expressway, would be slightly over 15-minutes drive from Greater Noida. Faridabad would find straight access to Noida and Ghaziabad through the 56 km FNG Expressway. Builders and investors have already set their eyes on this vigin area, which is currently the hottest subject of all real estate talk. HUDA has acquired most of the land in this area and handed it over to private developers. The major construction players seen in the area are Omaxe, BPTP, Triveni, RPS, Piyush, Vipul and Pal. Real estate giant Omaxe is developing Omaxe Heights, the group housing complex, which is said to have 37 towers with over 2000 apartments, spread over 40 acres.

Commenting on the development in this area, Rakesh Purohit, noted real estate expert, says: "The strategic location of this area would undoubtedly lend it an advantage provided the development is carried out by HUDA in a phased manner. Infrastructure is one of the key factors underlining any development. With Taj and FNG expressways, Faridabad would be directly connected to Noida and Ghaziabad.

The Empire Deal

2008-03-16T12:53:00.000+05:30

Omaxe bags Hyderabad Urban Development Authority ‘The Empire’ deal
Source: Omaxe.com : Dec 07,2007 (http://www.omaxe.com/news.php?n_id=32)

Omaxe one of the fastest growing real estate company in India through its wholly owned subsidiary M/s Eden Buildcon Private Limited today bagged ‘The Empire’ project, a 25 acre premium plot situated at Kokapet area in Hyderabad, from Hyderabad Urban Development Authority (HUDA). The Empire project is for multipurpose use and Omaxe will develop commercial / shopping mall, office complex, and star hotels on this land with an approx project value of Rs 2000 crores. The bid was invited in an ‘auction of premium plots for multipurpose use’ by HUDA.

Strategically located in Hyderabad’s core area of Kokapet, The Empire near to Hi-tech city and upcoming I.T & SEZ is in close neighborhood of many MNC bigwigs like ISB, IIT, Infosys, Wipro, Microsoft etc and is situated in the close proximity of International Airport of Shamshabad.

India tops global online population growth

2008-03-16T12:51:00.000+05:30

Source: Time Of India Date: June 13th,2006 (http://timesofindia.indiatimes.com/articleshow/1898500.cms)

People in India are taking on to the world wide web in a big way outpacing anyone else across the globe -- including big brothers like the US, China, Japan and Germany in terms of the online population.

The total online population in India, measured in terms of people aged over 15 years accessing internet, rose 7.8 per cent to 18.02 million in June, from 16.71 million three months ago in March, a latest survey from US-based technology research firm comScore Networks reveals.

The growth in the country's online population outscores the rise of 2.7 per cent in the world's overall online audience size, which rose to 713 million in June, from 694 million in March this year.

India has also become the ninth biggest country in terms of the total online population from its 10th position three months ago, while the US has retained its top slot with 153 million of web users.

Interestingly, the figures exclude the traffic from public computers such as cyber cafes and access from mobile phones or PDAs.

The total number of people accessing internet could be much higher if those aged below 15 years and the public computer data and new-age mediums such as mobiles and PDAs are also taken into consideration.

The number of internet visitors rose less than 1 per cent in the US, Germany, Italy, Spain and the Netherlands, while United Kingdom (UK), France and Australia have actually registered a decline from the March 2006 levels.

According to the comScore June World Metrix report published on Wednesday, China witnessed the second-biggest jump of 5.22 per cent; Russia witnessed 5.14 per cent growth, while online population of Japan, Korea, Canada and Brazil rose between 2-4 per cent.

The US continued to have the highest online population across the world of 153 million, which accounted for 21 per cent of the all worldwide unique visitors, while India accounted for 2.5 per cent of the worldwide total.
China maintained its second position with 78.31 million online population followed by Japan and Germany with 53.10 million and 31.97 million respectively.

Despite a decline in growth UK maintains its position as the fifth biggest country in terms of online population at 29.83 million.

Italy moved down the list losing its ninth position to India with a total of 16.85 million web users. Netherlands also fell a notch below its 13 position in the list with 10.86 million users.

Microsoft sites were ranked as top web property worldwide in June with nearly 500 million visitors out of the total 713 million web users in the world.

Yahoo and Google sites were ranked at second and third positions with more than 450 million visitors each in the month of June.

Ebay and Time Warner sites clocked more than 200 million users while Wikipedia, Ask network, Amazon, Adobe, Apple Computers, Lycos, CNET networks, Monster, Real.com and myspace.com were also present in the top 15 online properties worldwide.

"While established internet players like Microsoft, Google and Yahoo have grabbed the top spots in worldwide ranking several upstarts have quickly found there way into the top league," comScore Europe Managing Director Bob Ivins said.

India the next big thing in real estate

2008-03-16T12:47:00.000+05:30

Source: Time Of India Date: June 13th,2006 (http://timesofindia.indiatimes.com/articleshow/1641768.cms)

India is being considered as "the next big thing" in real estate with many Israeli companies lining up for major investments there, a media report here said.

The latest addition to the growing list of possible investors in the Indian real estate sector is US tycoon Shaya Boymelgreen who recently bought Azorim Investment in Israel for USD 500 million from IDB Holding Corp Ltd.

He is joining hands with Nochi Dankner, a prominent Israeli businessman who briefed him over the prospects in the Indian market, busines daily 'Globes' reported.

The two entrepreneurs are in contact and considering a number of joint investments in India, the daily said adding that Azorim Investment CEO David Lev is due to visit India in a few days in this regard.

Meanwhile, Big Shopping Centers (2004) Ltd has already set up an Indian subsidiary, Big India, with a local partner who owns 40 per cent of the joint venture, the report said.

Big India bought two half-acre plots on which it plans to build commercial centres at an investment of USD 40 million.

Another company, Elbit Medical Imaging Ltd. chairman Motti Zisser declared early this year that he planned to invest in India.

The company plans to build three commercial centres in India, which will become an important component of the company's real estate assets.

"India now resembles the real estate market in Eastern Europe ten years ago. Elbit Medical accumulated great experience in Eastern Europe, and it sees India as an excellent business opportunity," company sources told the business daily.

Alony Hetz Property and Investments Ltd. controlling shareholder Natan Hetz also recently announced plans to invest USD 100 million with partners in Indian ventures.

The company will own 25 per cent in this joint venture, the report said.

Gazit-Globe Ltd., controlled by chairman Chaim Katzman, and Ocif Investments and Development Ltd. controlled by Doron Aviv and Dafna Harlev, are also interested in investing in India, it added.

Real Estate in India is booming

2008-03-16T12:44:00.000+05:30

Driven by positive growth in the economy, real estate in India is booming. The year 2006 started on a promising note when the Government of India opened the construction and development sector in February 2006, and allowed 100 per cent foreign direct investment (FDI) under the 'automatic route' in order to spur investment in the vital infrastructure sector.

The relaxation of the FDI ceiling saw big names like Dubai-based Emmar Properties -- the largest listed real estate developer in the world -- joining hands with the Delhi-based MGF Developments to announce India's largest FDI in the realty sector amounting to over US$ 500 million in projects having capital outlay of US$ 4 billion.

Groups showing interest in India include insurance company American International Group Inc (AIG), High Point Rendel of the UK, Edaw-US, Japan's Kikken Sekkel, Lee Kim Tah Holdings and Cesma International from Singapore.

The development of real estate in India focusses on two primary areas: retail and residential.

The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organised retail segment by 2010.
The organised segment is expected to grow from a mere 2 per cent to 20 per cent by the end of the decade, it said.

The boom is also attracting interest from foreign players. Vancouver-based Royal Indian Raj International Corporation (RIRIC) will invest a staggering US$ 2.9 billion in a single real-estate project named Royal Garden City in Bangalore over a period of 10 years. The retail value of the project is estimated at US$ 8.9 billion. Morgan Stanley Real Estate announced that it has invested around US$ 68 million in Mantri Developers Private Ltd, a private Bangalore-based real estate developer.

Key trends of the real estate boom:

A report on real estate trends by Merrill Lynch said that the number of malls in Mumbai, Bangalore, New Delhi, Hyderabad and Pune was expected to grow to about 250 by 2010 as against 40 now. In terms of total area, there was 12.40 million square feet (mnsqft) of mall space available in these cities, the report said quoting a survey by Knight Frank India.
As the competition in the market is intense, builders are going out of their way to be different. Specialised malls have become the order of the day. Gurgaon, on the suburbs of New Delhi will soon have an auto mall, while Bangalore is about to get an exclusive furniture mall. Gurgaon is set to get the biggest mall of the world — a large US$ 89.78 sq ft sprawling property that is being developed by DLF Universal. It will be known as Mall of India.
Similarly in the home segment, which is driven by the availability of easy home finance, most builders are trying to woo investors with interesting features, each more tempting than the other.
Closed-circuit television and earthquake proofing are expected as standard features in most upmarket blocks. Evershine Builders, for instance, is providing a range of facilities from modular kitchens to piped gas and Internet connections. Some of its flats are even fully furnished.

India Land Grab

2008-03-16T12:41:00.000+05:30

Spurred by IT growth and a shortage of real estate, India's property markets are among the hottest in Asia. Everyone knew that the parcel of land in the heart of Bombay, India's business hub, would bring a high price. But when the bidding ended on June 20 for the now-defunct Bombay Textile Mills and its 17.5 acres, it shocked even seasoned property developers. New Delhi-based DLF Group took the prize for $160 million, one of the highest prices ever paid for a piece of land in India. DLF plans to redevelop the huge space into a retail and commercial center. Had DLF's management gone balmy? Apparently not: The next day, the adjacent 5-acre Kohinoor Mills was bought by Bombay hotel and transport company Kohinoor Consolidated Transport Network Ltd. for $100 million -- twice the price per acre of DLF's deal.

India's property markets are in a frenzy, driven largely by the rapid expansion of its information technology industry and the simultaneous growth of its middle class. In the land-starved island city of Bombay, property prices are up 25% in the past six months. Although no one keeps national statistics, international property consultant Knight Frank says there are thousands of commercial, retail, and residential projects springing up across the country. In 2004 developers erected 18 million square feet of commercial buildings in India. This year 23 million sq. ft. of new space will come on the market, and by 2009 the number will rise to 50 million, according to global real estate services provider Cushman & Wakefield. Retail and residential development is growing even faster.

The building surge is modest compared with China, where 25 million sq. ft. of commercial and 200 million sq. ft. of residential space will be built this year in Beijing alone. But experts think India has as much potential as China -- especially if the government removes a tangle of restrictive regulation. The investment hot spots now are the tech-driven growth centers of Bangalore, Bombay, Hyderabad, Madras, and Gurgaon, a suburb of New Delhi. The real estate boom has also hit second-tier cities such as Pune in the west, Jaipur and Chandigarh in the north, and Calcutta in the east.

Even those in the business are surprised at the rapid runup in prices -- and worry about a correction. "It's madness, especially with all the unplanned development," says K.G. Krishnamurthy, chief executive of the HDFC Property Fund, one of seven new private equity funds focused on real estate that have launched in India in 2005. Nearly $1 billion has poured into the funds so far this year.

No one doubts, though, that there is a real need for new construction to keep pace with India's robust 7% economic growth. The country's commercial and residential real estate market is valued at about $50 billion now, and is expected to grow 25% annually. Rental income yields are more than 12% in India, compared with 9% in China and 5% to 8% in developed markets. Pent-up demand could increase that return. Analysts see an annual shortfall of 20 million housing units through 2011, and they say India will see 75 million sq. ft. of retail space by 2007. Three years ago, India, with its 1 billion population, had just three shopping malls. Now investors are planning 250 new centers by 2008. It all amounts to "the biggest growth story in organized retail ever witnessed on Planet Earth," says Kekoo Colah, executive director in India for Knight Frank.

Foreign companies are taking advantage. Last February, New Delhi adopted a regulation allowing foreigners to bid on Indian construction projects without local partners. (They still cannot own property or buy and sell existing buildings.) Since then a half-dozen foreign builders, including New York-based Tishman Speyer, have launched projects. Atlanta's Portman Holdings, which helped develop Shanghai a decade ago, will open an office in Bombay by yearend. The foreigners are expected to bring the latest technology, discipline, and management systems to this nascent market.

About 70% of the new construction is for the IT industry -- whether it's tech parks for companies or housing and shopping centers for their employees. The most stunning new development is in Bangalore -- Adarsh Palm Meadows, an 85-acre California-style gated community complex of commercial, residential, and IT park space. In Bombay, K. Raheja Corp. spent about $1.4 billion building a 5 million sq. ft. upscale complex called Mindspace, which includes IT back offices, residential towers and stores.

On the residential side, the increasing affluence of IT workers and more liberal bank lending has helped sustain the building boom in houses and apartments. The average age of a new homeowner is now 32, compared with 45 a decade ago, according to Kotak Property Trust. And the typical mortgage is now 20 years instead of 10. The average price of a middle-class home in Bombay has shot up 40% in the last three years.

The early foreign players in the new Indian real estate market have been Asians, led by Singapore's Ascendas Pvt. Ltd. Ascendas has been in India since 1994, when it joined with the Tata Group to build one of the first tech parks in Bangalore. Since then it has built three more, in Hyderabad and Madras, and two will soon be developed in Calcutta and Pune. By next year, Ascendas will have invested nearly $500 million in 4 million sq. ft. "We intend to capitalize on our lead," says Ascendas CEO Chong Siak Ching. Singapore's CapitaLand, Asia's largest shopping center operator, may also enter India.

Local companies are preparing for the competition. Large players like DLF, K. Raheja, and Hiranandani Constructions are starting to expand beyond their home markets of Delhi and Bombay. Their advantage is that they own big "land banks" that they bought years ago. DLF Group, for instance, bought 3,000 acres in the town of Gurgaon on the outskirts of New Delhi in 1986 that sat undeveloped for years. Now Gurgaon is India's second-largest tech city after Bangalore. DLF is expanding into other cities. The acquisition of the Bombay Textile Mills "gave us a big-bang foothold in Bombay," says CEO Arvind Khanna. "We intend to make sure we are, and remain, the largest real estate developer in India."

Despite all the hurly-burly, the land of the "license raj" still doesn't make it easy for developers. They are hampered by rent control laws and other regulations that have confined construction to the upper end and driven prices too high. So much infrastructure development is dependent on the government that bureaucracy bungling could stall a boom. That's why some players urge caution. Ravi Raheja, director of K. Raheja, says the current euphoria "feels like the dot-com era." He predicts that "60% of developers won't exist in 10 years."

More optimistic analysts assert that even if some developers go bust, the basic need for modern real estate will still provide opportunities for the shrewdest players. India needs its industrial campuses, office towers, and more if it is going to compete head-to-head with powers like China.

India among top 10 with 17 m net users

2008-03-16T12:39:00.001+05:30

Here's to the coming of e-age of India. A latest survey reveals that India figures among the Top 10 nations with the highest population of Internet users above the age of 15. With an online population of 16.713 million users, India is ranked tenth — behind countries like US, China, Japan and South Korea.

However, India's online population is higher than countries like Russia, Australia, Spain and Brazil, points out the survey by America's comScore Networks. According to the survey, four Asian nations — China, Japan, India and South Korea — represent nearly 25per cent of the worldwide online population (or 168.1 million users). This is about 11per cent larger than US, which has the largest online population of 152 million users. China is placed second with a 74.72 million online population. The survey excludes traffic from Internet cafes and access from mobile phones or PDAs.

But considering India's population of 1.1 billion, Internet penetration is still among the lowest in the world. Government, over the past couple of years, has been pushing hard to spread Internet and broadband so that e-governance, e-commerce and distance learning pick up, especially in smaller towns.

According to the survey, some 694 million people worldwide over age 15 are now using the Internet, about 14per cent of the total population in this age group. Third on the list was Japan with 52.10 million users, followed by Germany.

NCR to get 14 new townships

2008-03-16T12:34:00.000+05:30

NCR to get 14 new townships
Source: Yahoo.com : Jan 14,2008 (http://in.news.yahoo.com/hindustantimes/20080114/r_t_ht_nl_general/tnl-ncr-to-get-14-new-townships-7244580.html)

THE HARYANA government has adopted the detailed project report (DPR) submitted by a private consultancy firm that proposed 14 new townships in its NCR towns namely Gurgaon, Faridabad, Jhajjar, Mewat and Sonepat. The firm Scot Wilson has proposed to develop new cities on the lines of world's most modern cities including Shanghai, Bangkok, New York, Suncity and Singapore.

These cities, which include about half-a-dozen theme cities also, are in addition to the proposed Industrial Model Townships (IMTs) and Special Economic Zones (SEZs). All the proposed townships fall in the Global Corridor that the Haryana Government is developing in 62,000 hectares of land all along the 135 km long KMP Expressway to absorb projected population boom.

The expressway is meandering through Gurgaon (Manesar), Faridabad (Palwal), Sonepat (Pawal) and Mewat. "We have adopted the revised report submitted by Scot Wilson with minor changes and would be incorporating it in our development plans in the constituent districts of NCR.

The department of town and country planning has initiated the process of notifying the area to freeze land use in the entire area which we are developing as Global Corridor," M.L.

Tayal, principal secretary to the Haryana Government, told Hindustan Times. The study has proposed to float theme cities such as Cyber City, Biotech City, Fashion City, Medicity, Knowledge City, Leisure and amp; Entertainment City, Education City, World Trade and amp; Financial City and Inland Container Depot and amp; Dry Port.

The Cyber City is proposed to come up at the intersection of KMP Expressway and NH 10, Fashion City near Nuh in Mewat, Knowledge City at the intersection of KMP and NH-1, Leisure and amp; Entertainment City near Damdama Lake near Sohna in Gurgaon and Dry Post near intersection of KMP and NH-2. Medi city and Bio-Science City are likely to come up near newly proposed township Sampla in Jhajjar.

Other cities proposed to be developed included Sampla and Badli in Jhajjar district, Kharkhoda in Sonepat and Sohna in Gurgaon. The state level committee of Town and Country Planning Department led by the Haryana Chief Minister had recently approved development plans of Sampla and Sohna which are to be developed at the last measuring 7,180 hectares and 3,475 hectares, respectively.

Environmental Clearance for Omaxe Heights

2008-03-16T12:29:00.000+05:30

Environmental Clearance to Omaxe Ltd. for Omaxe Heights at Sector 86, Faridabad
Source: Public Notice, Jan 14, 2008

Omaxe Ltd., the leading real estate developer, has been awarded 'Gold' grading and accorded environmental clearance subject to the strict compliance with the specific and general conditions from the Ministry of Environment and Forest, Government of India under category 8(a) of the EIA Notification, 2006 for its proposed residential complex 'Omaxe Heights' at Sector 86, Faridabad after the due consideration of the relevant documents submitted by the Omaxe and additional clarifications furnished in the response to its obeservations.

Real estate boom in New Faridabad

2008-03-16T12:23:00.000+05:30

Real estate boom in New Faridabad.
The builders feel this place has a bright future

Couple of years back, anyone would have thought of investing in a residential property in a place 10 km from Delhi in the interiors of Faridabad, people would have laughed at it. At that time nobody would have even thought that the mood would change so fast and people would be maing a beeline to buy property in New Faridabad, across Agra Canal. The pace of development and the keen interest shown by the investors in residential property here are pointers to the fact that New Faridabad is going to be the next destination in the National Capital Region.

Developers like Omaxe and BPTP have housing projects worth over Rs 10,000 crore in the area. Other builders like SPR Buildtech Limited, RPS Group, Piyush Group and California Country are also taking baby steps in the direction.

While BPTP and Omaxe are building housing projects catering to the middle class, SPR and California are into high-end skycrapers with luxury apartments and pent houses.

California Country director Anil Aggarawal said that New Faridabad has a very bright future. "Gurgaon is somehow unaffordable. Being a part of Uttar Pradesh Noida does not attract high-end clients for various reasons. Faridabad is the best option due to its affordability and proximity. With metro rail connectivity with Faridabad not too far, things go in our favour", he said.

SPR Buildtech Ltd. director Rajesh Nagar has other reasons to support the view. "The reasons are its connectivity with Delhi and the cost of flats with international standard construction and fixtures that is much cheaper than in neighbouring Gurgaon and Noida. New Faridabad has a direct link with Kalindi Kunj in Delhi along with Agra Canal. There are some rough streches on the road that are under repair. We are providing 24-hour pwoer and water supply which is unheard of in Faridabad," he said.

Nagar said his buyers are not only investors but end users as well. "A lot of people from Faridabad have booked flats as they find New Faridabad approachable and the civic amenities that we are promising are attractive. Buyers residing in Delhi and Gurgaon are finding it a cheaper and better option," he said.

India among top three global realty market

2008-03-16T12:19:00.000+05:30

India among top three global realty market
Source: TimesOfIndia.com : Feb 17,2008 (http://timesofindia.indiatimes.com/India_among_top_three_global_realty_markets/articleshow/2789241.cms)

India's booming realty sector has attracted foreign investors and figures in the top three property markets, offering the best opportunity for capital appreciation after the US and China.

In the league of the most preferred property market among foreign investors globally, US has retained its top position, while China was ranked second followed by India, a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) said.

China moved to the second place, garnering 21.4 per cent votes and displacing India in the process, which was preferred only by 16.7 per cent of the respondents favoring the country as the most fancied place for real estate investment.

In 2006, China got 14.6 per cent votes while India had 18 per cent and was ranked in the second position.

One of the significant findings that cannot be overlooked is the jump in investors confidence in China. For the second time in three years, China has been voted as the country offering the second best chance for capital appreciation after the US, AFIRE Chief Executive James A Fetgatter said.

Interestingly, the United States, whose economy continues to be bogged down by the subprime crisis and faces the threat of a recession, still managed to retain the 'most preferred destination' tag for real estate investment.

The annual survey respondents included nearly 200 members of the association and was conducted in the fourth quarter of 2007, after the credit crunch and sub-prime mortgage crisis.

Among those surveyed, 26.2 per cent said America offered the best opportunity for capital appreciation in the real estate sector as compared to 23 per cent recorded in 2006.

Faridabad Changing Colours

2008-03-16T12:12:00.000+05:30

Faridabad Changing Colours - Move over Gurgaon and Noida. Faridabad is all set to become the next world-class destination in the national region
Source: Times Of India
With real estate prices in Gurgaon almost reaching peal levels in both residential as well as office space, Faridabad is clearly the emerging destination in the National Capital Region (NCR). And the same factors that had been instrumental in engineering an unprecendented growth for Gurgaon, are in action in Faridabad now.

"There were some bottlenecks that were deterring the evolution of Faridabad as a world-class destination. Of late, the government has taken some dedicated steps, which will address these bottlenecks", says Faridabad Deputy Commissioner Brijendra Singh. So, far connectivity from Delhi is considered the biggest deterrent. To address this, the state government is launching the Badarpur flyover project. "This will address the connectivity problem in a big way, mainly with areas such as Connaught Place, South Extension and Nehru Place", says Mr. Singh.

Another problem faced by Faridabad is that the city sprawls over two sides of a National Highway. "This poses inconvenience to residents of the city. To address this problem, both parts of the city will be connected by direct roads from the Delhi border itself", says Mr. Singh. The proposed Delhi Metro extension to Faridabad will also play a significant role in addressing connectivity woes for the city.

The world-class retail centres that came up in Gurgaon, played a pivotal role in changing the perception of the region as an international destination. Now the Haryana government is trying to replicate a similar experience in Faridabad as well. The Haryana Urban Development Authority (HUDA) has allowed conversion of industrial plots for development of retail and office-space. "This policy has attracted tremendous response from industrial units that were sitting on big land chunks. We get CLU (conversion in land use) proposals for industrial land everyday", says HUDA Administrator JS Ahlawat.

This policy has come as a win-win solution for all stakeholders. Several hundred sick industrial units, some of which had even gone bankrupt, now have an alternative source of earning. "An intelligent step that owners of these units have taken is that instead of selling land to developers, they are entering are entering into joint venture arrangements and the land is thus becoming source of recurring income for them," says Mr Ahlawat.

Hospitality is another inportant thrust area for the city in its quest to become a global destination. "We are about to auction a prime 14 acre property in Faridabad. It has attracted interest from some prominent international chains as well as Indian developers. The site will be auctioned at a reserve price of Rs. 106 crore", says Mr Ahlawat.

Presently, the administration is also pursuing land acquisition for some large-scale industrial projects. "We plan to develop an Industrial Model Township (IMT), near Palwal. We are about to start land acquisition for the project. In addition we are planning two SEZs in the area," says My Singh.

Faridabad accounts for a significant 35-km stretch on the state government's ambitious 135-km Kundli Manesar Palwal (KMP) expressway. The expressway is being developed by infrastructure major DS Constructions, and will host a world-class Global Business Corridor on both sides. And one sector that will be a clear winner with all this infrastructure boom in the area is real estate, particularly, housing. Because of its close proximity to Delhi, Faridabad always had the potential of being an important centre for real estate activity. However developers were apprehensive of the infrastructure bottlenecks. Now, most prominent real estate companies have assembled a significant land-block in the area. The two biggest ongoing projects are being developed by Omaxe and BPTP. Other developers who are set to announece projects in the area include the Vatika and Piyush Groups. "Once the proposed and ongoing infrastructure projects are underway, real estate prices in the area will go up manifold," says Omaze chairman Rohtas Goel.

Faridabad Facts:
- Population - 1,592 Number in '000
- Per Captia Income - 82 Rs. '000
- Market Size - 8165 Rs. Crore
- Annual House Hold Savings - 4817 Rs. Crore
- Household with 4-wheelers - 10%
- Household with 2-wheelers - 31%
- Westernization Index - High
- No. Of Internet users - 60711
- Employment Growth Rate - 5.82%

How to get Qualified Leads?

2006-06-06T06:24:00.000+05:30

Consider following scenarios:

If not enough property information is provided, it is very likely that you will receive lot of queries or very less queries. If you receive lot of queries (it indicates that the market is bulish) but mostly the queries that you receive will be asking for more information. The important point is the number of qualified leads will be very less, as responders will be interested in finding more information on the property. Hence more time and energy will be spent in responding to individul queries.
If detailed property information is provided, it is very likely that you will receive more or less same number of queries as previous scenario. The difference is the nature of queries will be more in terms of WHEN CAN I SEE THE PROPERTY. Hence more time and energy in actually spent in arranging appointments and showing the property to potential buyers versus responding to individual questions. There may be some queries on the information that you may not have provided. If you have not provided the price, most of the queries will be 'What is the price?'. The most important information that you should always provide is the price and size of the property.
If complete property details (along with photos) are provided, it is very likely that the queries you receive will be all genuine and each of it will be qualified lead and can be a potential buyer of your advertised property.

In nutshell, provide as much information as you can.

Consider Following examples:

1. One seller wanted to sell his apartment in one of the multi story residential complexes in Gurgaon. He posted following listings on propertykhoj.com
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Title: 3 Bedroom, 2 Bath flat in Gurgaon
Size: 1400 Sq. Ft.
Price: negotiable - available on request
Description: 3 Bedroom, 2 Bath flat in Gurgaon. Please call for appointments.
Agents please excuse
Location: DLF, Gurgaon
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Now based on the above listings the seller received 20 queries (Some over phone and some through emails)
- 18 responders asked? - What is the price?
- 10 responders asked? - Where exactly it is located?
- 3 responders asked? - Is it East facing?
- 2 responders said? Would like to see the property? When can we see the property?

The outcome, you cannot qualify a single query as a decent lead. So you spent lot of time in responding to these queries (You should surely respond to queries otherwise users loose interest in your listing and may be in future listings posted by you) . And it is very likely that you lost a potential customer as there was to much back and forth and delay in communication.

2. Now there is another seller who had posted a similar kind of property for Sale in Gurgaon
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ShortHeading: MUST SEE!! Beautiful 3 Bedroom, 2 Bath Apartment. Lot Of Upgrades..
Size: 1300 Sq. Ft.
Price: 40,000,00 - negotiable

Description:
3 Bedroom

Master: Size - 10X14, 2 Wooden Closets, Attached Full Bathroom with Bath tub, Balcony (3X5)
Kids: Size - 10X12 , 2 Wooden Closets with built in study table, Attached Full Bathroom, Balcony (3X5)
Guest: 9X9 , 1 Wooden Closets

1 Dining: Size - 14X14 With excellent cross ventilation and Balcony (6X6)

2 Full Bath - Top class fittings, Title Flooring
Kitchen - Open One side, Modular Kitchen

Enterance North Facing

Double Gate Enterance for extra security

Parking: 1 Car convered parking included in the price. There is plenty of parking space in the complex for guests

24 hour security (Gated Community), power backup and water

Complex consists of open lawns, swimming pool, activity center, banquent hall for parties, 24 hour plumber,

Maintenance Charge : 1000 Rs. per month

Call immediately to make appointments to view the apartments.
Real Estate Agents Are Welcome to view the property with prior appointments.
Please Note: Can show property only on Saturday & Sundays from 9.00 am to 5.00 pm.

If you are an NRI, please ask someone local to contact us or give us the contact details of some local person.
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He also uploaded nice looking photo's of bedroom, kitchen, bathroom and dining.

After publishing the listing on propertykhoj.com seller also sent email to all his freinds and family with the link to the listing and asked them to share it with their freinds and family and took some print outs of the listing and posted it in his office and as well as in the apartment complex.

Based on the above listings:

seller received 16 queries (12 over phone and 4 through emails). All responders were genuine and were interested and capable to purchase the property.
10 buyers came to see the property on Saturday
4 real estate agents came to see the property
In total he had received about 25 leads ( 12 from propertykhoj.com, 8 from real estate agents, and 5 from freinds and family)

So, take more time initially in detailing out your requirements which in turn will lead to more qualified leads and less time you spend in responding to users for 'need more information ' type of queries. It is a WIN-WIN situation.

Real Estate News

2006-05-29T14:58:00.018+05:30

Faridabad Changing Colours - Move over Gurgaon and Noida. Faridabad is all set to become the next world-class destination in the national region

India among top three global realty market

Real estate boom in New Faridabad. The builders feel this place has a bright future

Environmental Clearance to Omaxe Ltd. for Omaxe Heights at Sector 86, Faridabad

NCR to get 14 new townships

Omaxe bags Hyderabad Urban Development Authority ‘The Empire’ deal

India tops global online population growth

India the next big thing in real estate: report

Real Estate In India is booming

India Land Grab

India among top 10 with 17 m net users

Why PropertyKhoj.Com

2006-05-29T11:41:00.000+05:30

REAL ESTATE MARKET

India’s economy is growing with leaps and bounds. Bank financing for purchasing homes are much more convenient and affordable than ever before. Government policies and tax benefits are also favorable and promote investment in real-estate. Buying and spending power is on the rise in educated middle class families as employers are paying more salaries, double income families are on the rise and families are getting smaller. We see that property/ real-estate investment is here to stay a safe and secured investment option.

INTERNET USAGE

India was a latecomer to the Internet. The reasons are low PC penetration and lack of infrastructure and high Internet costs. This scenario changed soon enough, and Internet usage grew at an exponential rate. Cyber cafes played a key role in making the Internet accessible, which helped a great deal. Web-development outfits sprouted first in Bangalore and Hyderabad, and soon in other parts of India. The downturn in software development too proved to be a spin-off factor, prodding more Indians towards the web stream. The number of India's Internet users is forecasted to reach 70 million by 2007.

PropertyKhoj.com is a one-stop shop for Individual Property Owners and/or seekers, property/ Real Estate dealers/ agents for selling, buying and renting. For property dealers the potential is enormous. From their own office they have access to potential customers across the globe. Property Dealers, on behalf of their customers can post listings on PropertyKhoj.com that can be viewed by potential customers across the globe. Potential customers can contact property dealers through eMail, Voice mail and fax. Property Dealers can have a significant presence on the internet with detailed description about their business and as well as their own separate property listings.

The difference between us and others is -- we want to work with you and give all the tools necessary to grow your business, increase your outreach and provide higher customer satisfaction. All this leads to professionalism.

Real Estate Agents (India)

2004-05-19T05:30:00.003+05:30

PropertyKhoj.com provides unique opportunity to Indian Real Estate Agents. Following are some of the salient features:

Following are some of the salient features of PropertyKhoj.com:

One Page business profile with Logo
Post Real-Estate Listing to Sell/ Buy/ Rent Property
Upload Property Images (Optional)
Give your contact details
No limit on the property description
Highlight salient features of the property
Find out how many potential customers viewed your listing
Establish Contact with potential customers
Save/ Publish/ Remove/ Auto expire listing
Build your clientele for targeted marketing in future

Sign Up Today

18 Month Subscription for 1 year price. Don't miss this opportunity, experience it yourself and decide to stay ahead of others and provide better satisfaction and professionalism to your customers.

THREE EASY STEPS

Choose the yearly subscription model and register on PropertyKhoj.com.
Send us the payment via cheque.
Create the Listings On PropertyKhoj.com.

Choose one of the following subscription models that suits best for your business:

Bronze - 20 Listings active at any point of time.
Silver - 35 Listings active at any point of time.
Gold - 60 Listings active at any point of time.
Platinum - 90 Listings active at any point of time.

SUBSCRIPTION INCLUDES

√ - Listing Active for 2 months

√ - Image Upload (Maximum of 4 per listing)

√ - Receive Online Queries directly

√ - One Page business profile

√ - Your Profile in List of Property Dealers (By Name, State and City)

Contact Us

If you have any questions or would like to see a demo of the application, please contact us and we would be pleased to assist you:

Email : sales@propertykhoj.com

Phone : 0124 - 4105096

Mobile: 98101-17003 / 93505-29765

Sample Profiles

Sample Builders & Real Estate Agent Profiles

Individual Users

2004-05-19T05:30:00.000+05:30

PropertyKhoj.com provides unique opportunity to Individual real estate owners or seekers. You as an individual can create listings to Sell, Buy or Rent real estate in India. Following are some of the salient features:

Browse the listings, no registration is required. We recommend that you should register with us so that when you send queries against listings you don't have type or contact details again and again.
Post FREE listing if you need real estate on rent or you want to buy real estate.
Nominal Charge if you want to create a listing to rent out or sell your real estate. You can send a cheque or pay using credit card.
Listing will be visible on the web site for 2 months. After that it will automatically removed from the web site. You can re-activate the listing.
You can upload maximum of 4 images of your property.
You can give your contact details or some other persons contact details (care taker).
You and the care taker will receive email queries (unfiltered and directly) if people have responded against your listing.
You can REMOVE or mark as SOLD your listing at anytime.
You can mark the listing as anonymous listing. By doing this, your contact details will not be shown, but you will still receive queries through email.
You can see how many times your listing has been viewed.
With some extra charge we can hightlight your listing. This will enable your listing to stand out from other listings.
You can EDIT your listing at any time and the changes will be available immediately on the web site.
You can take a print out of the listing page and can be used as a flyer of your real estate.
You can also send the listing link to your freinds and family members through email to spread the word around and maintain the uptodate information at one place.