| Investment in real estate by US NRIs - Bangalore retains top slot |
| The impact of economic slowdown has been increasingly felt on the overall demand pattern among US NRIs while investing in real estate back home. However, Bangalore continues to remain the favoured destination for investment in housing. Whereas in Edison area, Chennai topped the list of cities for realty investment. Unlike earlier, demand for villas has surged with a significant number of visitors evincing keen interest to invest in villa projects in southern cities. A majority of the US NRIs are looking for professionally managed property management companies to manage their properties during their absence in India. |
| Source: Economic Times |
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| More NRIs investing in property here |
| Buying a dream house in India is no longer a pipedream for Indians abroad. Be it in one's cozy little hometown, in the peaceful countryside or in a bustling business centre, investing in an apartment is now making business sense to a large number of non-resident Indians (NRIs). The high quality of recent constructions allays the NRI's greatest worry - that when he returns home, his family will have to compromise on the quality of life that they have become used to. The superior quality of tiles and fixtures in the apartments themselves are doubtless compatible with global benchmarking, but more importantly, the quality of amenities - lift, compound, swimming pool, club house etc - sets the NRI's mind at ease. |
| Source: Times Property |
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| Demand for housing around city |
| According to realtors, the demand for housing in the suburbs of Attibele, Hoskote and Devanahalli is high and the current supply maybe in thousands. The housing units that have come up in the suburbs of Attibele, Hoskote and Devanahalli have one factor in common - they are close to business districts of Bannerghatta Road, Whitefield and the international airport respectively. Attibele, Devanahalli and Hoskote are witnessing a rise in demand for housing largely due to these factors and plans for proposed projects. |
| Source: Times Property |
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| Revenue property to come under UPOR |
| The ambitious Urban Property Ownership Record (UPOR), which would be launched soon by the Department of Survey and Settlement in Bangalore to protect the interest of genuine property owners. Once the scheme is implemented - the first phase is expected to be completed by December 2012 - transactions related to revenue properties could come to a standstill. Of the more than 16 lakh properties in Bangalore, 25 per cent are classified as revenue properties. While only houses on the revenue land will be considered for survey work, sites on revenue land will be treated as agriculture land. |
| Source: The Hindu |
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| Property deals peak ahead of guideline value revision |
| With the new market-based guideline values for property registration set to come into effect from January, builders and buyers in the state are rushing to seal deals before the charges go up. The number of property deals has seen a sharp rise ever since the plan to revise guideline values was announced. If the guidelines values of properties on Oppanakara Veethi, Cross Cut Road, DB Road and Trichy Road in Coimbatore have seen a three-fold rise in the revision, properties on Dr Radhakrishnan Salai, Boat Club Road, Poes Garden, Gopalapuram IInd Street and Montieth Road in Egmore in Chennai have been valued eight to ten times higher. |
| Source: Times of India |
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| 'Andhra Pradesh, Tamil Nadu most transparent with real estate dealings' |
| The Confederation of Real Estate Association of India (CREDAI) and Jones Lang LaSalle's Indian Real Estate Transparency Index (IRETI) has identified Andhra Pradesh (AP) as the top spot holder in matters of real estate closely followed by Tamil Nadu and Maharashtra. The ranks have been allotted to 19 states and Delhi NCR region based on five factors: availability of market information; reforms in urban local bodies; progressive business environment; protection of property rights; and inclusive and sustainable development. Tamil Nadu rates highly on market information, urban reforms and property rights. |
| Source: moneylife dot in |
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| Hyderabad home scene looking up |
| The real estate scenario has begun to look up in Hyderabad during the past few weeks, with the number of enquiries and deals increasing. The builders' fraternity see this momentum and general sentiment taking them through to a much better quarter ahead, as they close the current financial year. A top Property Consultancy company, providing the third quarter report on residential consumption in Hyderabad, stated that there was sluggishness in the launch of new projects, largely due to difficulties faced by the developers due to GO 45. |
| Source: Hindu line |
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| Trends in the Construction Industry in India |
| Across the world, the construction industry is witnessing a tremendous boom. And India is no exception! Government polices and expenditure in infrastructure, training and regeneration projects have helped the sector grow at high levels and the same pace is likely to be seen in the coming year too. With construction activities taking place in different Indian cities at phenomenal speed, the sector will escalate to new heights, industry experts predict. Real estate sector will especially enhance greatly in Tier 1 and Tier 2 cities. Elaborating on the trends for the real estate sector in 2011. |
| Source: Business India |
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| About Artha |
Artha as a brand is synonymous with building homes and thereby creating and building wealth for its customers. Artha was conferred the Power Brand status by UK's prestigious Brand Finance Institute. The Brand has quickly changed the face of the real estate market in South India and has become a household name in Bangalore and Chennai markets. It was also recognised at National Real Estate Awards in 2011 as 'The Most Innovative Marketing Concept of the Year' and awarded for 'Brand Excellence in Real Estate Sector' at CMO Asia Awards, Singapore.
Artha provides a range of products ranging from Villas, Apartments, Plots of Land and Holiday Homes across India. For more information log on to www.artha.in or www.arthaproperty.com. |
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| Disclaimer: Information provided in this news letter has been independently obtained from sources believed to be reliable. Artha and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information on this news letter, or for any decision made, action taken by you in reliance upon such information, or for the delay or interruption of such information. |
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