Real estate has come of age which attracts many investors and leading real estate agents of the country. In the context of rapid realty development, tops graph in contrast to its counterparts. With the outburst of mall boom, the rate of real estate in is touching the sky and has become a mall capital of India.
Corporate Services
Representing tenants in a dynamic marketplace means much more than simply finding space at the best price. At Donohoe Real Estate Services, this means carefully guiding our clients through the entire leasing process. This includes developing the negotiating strategy, providing project management and coordinating our client's occupancy of their space.
India has become fifth largest retail market in the world today with its whipping growth in retail sector. The cost of properties has risen considerably over the years making the real estate market a booming one. In fact, Investment in a property has turned into a fruitful option for majority of people. It is estimated that by the end of the 2010 India will be affluent with nearly 600 more shopping malls. Thus the retail bustle will be ever different being the prime focus in upcoming years. To meet the diverse demand of fanatic and impatient buyers, now real estate agents and developers are coming up with different ideas like specialized buildings and malls including Auto and furniture malls.
India has become fifth largest retail market in the world today with its whipping growth in retail sector. The cost of properties has risen considerably over the years making the real estate market a booming one. In fact, Investment in a property has turned into a fruitful option for majority of people. It is estimated that by the end of the 2010 India will be affluent with nearly 600 more shopping malls. Thus the retail bustle will be ever different being the prime focus in upcoming years. To meet the diverse demand of fanatic and impatient buyers, now real estate agents and developers are coming up with different ideas like specialized buildings and malls including Auto and furniture malls.
Trends in the Indian Real Estate Market
One, with a billion-plus population, the opportunity is huge; no other market is going to witness this kind of growth both in commercial as well as residential and retail markets. Two, the industry has an average rate of return on capital in excess of 30% and it is not unusual for local developers to achieve IRR of as much as 50%. Clearly, India rocks in real estate. When Ram Kumar, a Non-Resident Indian brought a 1000 sq feet flat in Delhi, India for Rs 30 Lakhs in 2004, he thought he was over-paying for it.
Prevailing trends in Indian real estate
In coming years, India and China are expected to outperform the global markets with a growth rate in the range of 7-10%. This will benefit all Real Estate sectors, particularly the real estate, which is closely linked to high growth in the economy. A decline in property prices, falling interest rates and stability in the job market has helped the sector gain momentum once again. As developers realised that affordability was the key to lure buyers, they experimented with ‘no frills’ smaller apartment sizes. Projects that were launched in this segment received a good response, which indicated that homebuyers were waiting for a good opportunity to make an entry.
It is not only the listed players but also the unlisted players that have realised that affordable housing is the way to grow. Listed players who have committed huge investments towards low-cost housing projects are Unitech, Puravankara, DLF and Omaxe. Amongst the unlisted ones, Tata Housing is championing the cause of housing for the lower middle class. Following closely are Raheja of Delhi; Mumbai-based Matheran Realty, Lodha Group and others.
Global property consultancy firm Knight Frank has estimated that affordable housing requirement would be in excess of 2 million units across key cities in India and 80% of demand is expected to originate from the Rs 3-5 lakh income group.
It is not only the listed players but also the unlisted players that have realised that affordable housing is the way to grow. Listed players who have committed huge investments towards low-cost housing projects are Unitech, Puravankara, DLF and Omaxe. Amongst the unlisted ones, Tata Housing is championing the cause of housing for the lower middle class. Following closely are Raheja of Delhi; Mumbai-based Matheran Realty, Lodha Group and others.
Global property consultancy firm Knight Frank has estimated that affordable housing requirement would be in excess of 2 million units across key cities in India and 80% of demand is expected to originate from the Rs 3-5 lakh income group.
