Importance of buying properties in Ghaziabad

Many locations in Ghaziabad including Katsambis, Vaishali, Govindpuram, Indrapuram are seeing an appreciation as the prominent real estate developers are

Eyeing at these areas with an aim to allot quality spaces at reasonable rates. Ghaziabad offers a low cost operation ,which is one of the key aspects attracting large interest from potential domestic and international investors, who expect good return on their investment in buy property in India.

With major domestic investors competing for strong presence, the demand for commercial spaces in Ghaziabad has shot up to new heights. Property in India developers property.html

are now more focused to cater to the increasing demand by both domestic and international companies and is constantly luring big for builders to hace joint ventures in Indian real estate.

Real Estate trends for NRIs

Ghaziabad is still developing and offers a lot of potential .The developments in Ghaziabad parallel other upcoming cities and speak volumes about the quality properties. It is however a place worth considering for investment and to live and work in and that is why NRIs first priority for buy property in India goes to Ghaziabad.

This distinctive city for East Delhi offers a plethora of opportunities and is ever rising in

Commercial and industrial aspects . The booming industrial sector is the obvious catalyst in changing the commercial real estate scenario of Ghaziabad .With property market in Ghaziabad growing at such a high rate , its market structure has changed that makes real estate investment worth the idea for investment in buy property in India.

There are a number of residential projects to come up in Ghaziabad .These stand for exclusive property investment options for overseas investors especially Non resident Indians (NRIs), who generally keep themselves abreast with the real estate trends here. Apart from the hot destination of Uttaranchal people ,Ghaziabad has become a top class academic and professional education hub including strong presence of small, medium and large industrial setup which is a major plus point for NRIs to buy property in India.

On the whole , the property in Ghaziabad seems set to increase exponentially as major domestic investors have begun to feel comfortable with the investment scenario ,which remains buoyant and creates prospects for the one keen on making money.

Real Estate Development in Ghaziabad

Demand for properties in Ghaziabad is continuing with undiminished vigor. There is definite surge in demand for both commercial and residential real estate, especially with the growing industrial base in the city. The property prices in Ghaziabad soared to such an extent that they required undergoing a correction recently. Still, the prices continue to go through the rooftop.

Real estate developers in Ghaziabad are getting bullish on the real estate market there.

Most of the commercial spaces in Ghaziabad feature commercial sky scrapers with excellent façade, 24x7 power back – up, centralized security & maintenance, fire safety systems, and an ample parking space. Ghaziabad is one of the most preferable choices for setting up of industrial, BPO and hi-tech offices and attracting FIIs to buy property in India.

The residential properties in Ghaziabad have begun to see appreciation in the wake of increasing demand that seems to be on the rise. While the high-end resident market in Ghaziabad is gaining high impetus, the NRIs can think about investing their hard earned money property in India to reap high returns in near future.

Moreover, Ghaziabad will see development of exclusive township of international standards that will feature the best practices in technology, architecture , and construction there offering nice accommodation option to the NRIs looking forward to retire and buy property in India.Middle and lower market has also been doing well.

GLOBAL ENTERTAINMENT

GLOBAL ENTERTAINMENT MAJORS TALK TO REALTY MAJORS FOR

INDIA SHOW.

Foreign entertainment giants are eyeing tie-ups with Indian real estate developers for a chain of multiplexes across the country to tap the craze for movies. Industry executives say that global majors such as Time Warner and Australia’s Hoyt’s are in talk with developers such as the DKF group and Sobha Developers in the south and may buy property in India in JV.

The Australian media mogul Kerry Packer and his Channel 9 have already made clear their intentions to become a long-term player in the Indian entertainment industry by foraying into activities ranging from film production to building multiplexes. South Korean multiplex operator Mega box is also believed to be looking at the Indian market .This will ultimately boost buying property in India

All these players are contemplating two options—buy property in India outright or get into a partnership. An alliance will get them properties in prime locations in major cities, something which they may not have managed if they had bought property in India done it alone. For real estate developers, it ensures a readymade customer and the possibility of the higher footfalls having a ripple effect, especially if the multiplex is part of a big mall.

While talks have been initiated by foreign players, they are still at a nascent stage, and merchant bankers point out that deals will be likely to struck in the next six months to a year and that multiplexes will be operational in the next two years. However, the trouble with the sudden spurt in the multiplex growth is that the initial frenzy to grow, multiplex owners are not being able to build a profitable business as the rates of property in India are sky-rocketing day by day.

Despite all the hoopla around multiplexes, the average occupancy levels have hovered around the 40%. Also, traffic to a multiplex is usually skewed towards the weekend with occupancy levels going up to 95% but witnessing a dramatic fall during the week, down to 25%. Experts say that once multiplexes begin cutting into each other’s territories, average occupancy levels could plummet to 30%.

Given the scenario, and the already close proximity between multiplexes, ensuring traffic and competitive pricing will pose to be challenge in times to come. Nevertheless, foreign players view the Indian property market as an emerging, one and believe that there is a lot more scope to build scale in the field of properties in India.

Courtesy: ET dtd 13-04-07