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Bangalore / Hyderabad / Pune / Chennai emerging real estate propositions by poonam verma
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Bangalore / Hyderabad / Pune / Chennai emerging real estate propositions by POONAM VERMA
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| Article Posted: 08/08/2013 |
| Article Views: 104 |
| Articles Written: 85 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 336 |
| Article Votes: 0 |
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Bangalore / Hyderabad / Pune / Chennai emerging real estate propositions |
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Real Estate
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City with a high level of jobs creation continue to see high volume of property supply & absorption. Cities with few or no fiscal drivers to spur the increase of employment fall behind, no matter what other factor seem to work in their favour. Earlier, Mumbai & Delhi attracted the most talent from rural areas. Today, cities such as Residential flats in bangalore / Hyderabad / Chennai / Pune & Gurgaon have taken lead positions & are all set to overtake Mumbai & Delhi, says Om Ahuja, CEO - housing Services, Jones Lang LaSalle India. IT-centric city such as Bangalore, Hyderabad, Pune & Chennai to some extent are now emerging as whole new property propositions. IT/ITES firms there are expanding their campuses dramatically. Recently, Wipro announced the imminent launch of their new ability & headquarters of approximately 2.5 million square feet in New flats in Bangalore city. This ability will augment their existing campus, which already employs over 31,000 people. Trends & data points suggest that dynamics in this city will be extremely different in the next few years. With inflation & construction costs moving northwards the price trends are changing dramatically. The graph clearly indicates that provide trends in property are in a state of flux. The supply of goods priced below Rs 3,000 per square feet is reducing markedly. From 43 percent in Q4 of 2009, supply in this sector will come down to 8 percent in Q4 2013. Meanwhile supply in the price range of Rs 5,000-10,000 per square feet is increasing. On the surface, inspirational & affordability levels are driving such trends. However, smart housing property investors will identify the right products priced below Rupess 4,000 per square feet in key increase city as best options. In cities such as Flats in Bangalore, Hyderabad, Chennai, Pune & Gurgaon, one can tranquil find good projects in this price sector for long-term investments & appreciation. The time-related value of money & inflation are 2 key parameters that one desires to take into consideration.
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