Find the Best Property In India

It’s a recognized truth India Real Estate is thriving it has given birth to countless opportunities for investment throughout the country. All throughout the state, whether it is the metropolis or the smaller cities are exploding with commercial high rises, residential schemes, industrial estates and shopping malls. It is estimated that Indian real estate is currently growing at 30 % per annum and the real estate industry boasts of a wide range of products that includes property prices which would suit even the people of the low-income group.
With the property prices going up in most of the Indian cities, buyers are looking towards investing in two and three tier towns where real estate development is growing at a rapid pace. Mumbai India ranks high in the list of potential cities for a vibrant Indian property market. With rapid development taking place in its outskirts areas and is certainly one of the booming real estate cities of India.

Indian Property – A Wise Investment?

‘Home is where the heart is,’ may have been true earlier but in the present age, it may rightly be said, ‘Home is where the cash flow is.’ Property investment in India has acquired an entirely new purpose in today’s era. Investing in property, one can safely expect immediate and lucrative returns. According to a U.N. report, the Indian property market is on a roll.
Property in India is termed as the ‘next big thing’ amongst seasoned international property investors. With the recent liberalisation of property ownership laws, Indian property offers a winning blend of fantastic environment and great investment returns.The real estate sector in India has changed dramatically in the last couple of years. With the growth of real estate the market of real estate property search engines are also growing with every rising day.
Indian properties have performed well recently and the expectation is that this is just the start of Indian property rush. Indian real estate sector is booming. The returns at 10 to 13 percent per annum are almost 50 percent higher than those in the US and Europe and the current demand far outstrips availability in several metros like Delhi, Mumbai, Kolkata and Chennai. In fact Bangalore, Pune and Goa are also coming up as very attractive investment destinations.Also the office space in India is worth something because India is in the list of the topmost countries which are developing fastly. So the upcoming destination of all multinational companies is India. All this made Indian real estate buisness worth crores.
As the real estate prices are touching the rooftop and costs of flats have gone up to Rs.50,000 and Rs.70,000 per square foot in Mumbai and Rs.1 lakh per square yard in Gurgaon, the question arises whether there is a bubble building in the Indian property market. According to a U.N. report, even though the collapse of the speculative property market could be more devastating than a stock market crash, there is no bubble as yet in the Asia Pacific region.
The real estate prices, along with the runaway rise in the prices of gold and the stock market has somewhat made investors nervous. According to a real estate agent Mumbai, when a flat in Mumbai fetches a better price than a similar flat in New York, certain questions arise about sustaining the trend. It also said that with the property prices softening in developed countries, investors are likely to look for profitable avenues in the Asia Pacific region.
In principle, there is nothing wrong in borrowing to buy real estate for investment rather than for owner occupation. The action can be regarded as rational profit-seeking behaviour as long as borrowers are able to sell at a profit. However, the buying becomes speculative when people begin to borrow to buy, regardless of price or of their ability to service the debt, in the expectation of selling at an even higher price. Since prices cannot rise forever, some speculative buyers will inevitably take a loss. Losses on assets purchased with debt generate systemic risk that might affect the health of the financial system, and that is why real estate bubbles or potential bubbles have policy implications for Government and Central banks.

Mumbai Property

Mumbai Property has always opened avenues to Real Estate Developments in the city and the growing demand on housing opportunities has made Bombay a coveted destination. The fast-paced lifestyle of Bombay has made the Bombay Property market dynamic to pronounce some unique trends In fact, property dealers in Bombay opine that the most inimitable aspect of Bombay Property segment is that it caters the housing needs of all the sections of the society in Bombay.Just as the social environment is sundry with the assimilation of linguistic groups, even the Bombay Property is diverse with plush localities in Cuffe Parade, Nepean Sea Road, Colaba, Bandra, Juhu, Andheri, and the sprawling housing complexes in Malad, Bhandup. As far as the area of Bombay property is considered, Residential Property has always offered great returns. However with international partners and multi-national companies venturing for Latest Housing Projects in Bombay, we find that isolated areas like Kandivali, KanjurMarg attracting investors and housing companies for property development. Bombay Property Market has all the reasons to bask in an all-time glory of being the coveted destinations to live. It has booming economic structures and housing opportunities in the offerings.

Mumbai Real Estate - Wealth, Glamour, Business

Mumbai is getting more and more cramped by the day as almost 350 poor families get there each day to look for work. Despite congested traffic, short of housing, poor water supply and an unreliable power system, Mumbai real estate prices continue to hit high. As a result, Mumbai property is scoring a high on space that is increasingly in high demand.
Mumbai is rightly called the commercial and business capital of India as forty percent of India's taxes come from Mumbai alone. A hot favorite with the NRI citizens, Mumbai is undoubtedly one of the most preferred destinations in India for real estate investments.
Buying apartments in Mumbai is always considered a big asset that will always earn rich profits as Mumbai property values are at par with most of the advanced and developed cities of the world. Also, major financial institutions, banks and stock exchanges and the head quarters and administrative offices of major business houses add to real estate glory in Mumbai.

Invest in Mumbai Property Market

The occupancy levels in locations such as Andheri East and Nariman Point have also increased considerably in the last few months. The occupancy rate is 90 to 95 per cent which is quite high. A Mumbai Real Estate Developer, Ranjan S, said, “There is a new trend that has set in Mumbai which is quite recent. Due to high traffic congestions, high cost of living many are slowly leaving Mumbai and giving away their homes for rent. This is the same case with mall and other commercial establishments. Someone invests in the building not to start any establishment but the sole purpose of buying it is to lend it to a tenant who will pay an high amount of rent. A single-bed room flat in Mumbai’s posh area would fetch a rent of around Rs 12,000 a month. Pre-leased properties with high profile tenants are the most favored real estate investment options.”

Just to give an example of how Mumbai remains to be one of the preferred cities and its impact on the real estate arena, look at these statistics. In 2003, a land in Colaba would cost Rs 56, 850 per sq mt while now in 2006, the price has shot up to Rs 62,500. Worli, another high traffic location in Mumbai, was priced Rs 43, 850 per sq mt in 2003, and in 2006 the rate is gone up by Rs 48,250 per sq mt. The posh of the lot, Cuffe Parada/Madam Cama Road, originally costed Rs 72,000 per sq mt in 2003 and now it rates Rs 75, 600.

Property for Rent in Mumbai

Bona fide effect of booming real estate can easily be seen in Mumbai where prices of property are going up thereby making more difficult to purchase property, adding more agony for already suffering consumers. Industry watchers averred that the evaluation is disgustingly excessive and the property greatly overvalued

Interested ones are just waiting for the market to cool down a little. Buying property, at present with prices rising at such a high speed, is not such a good idea, but its better to look for a property on Rent. So, while some wait for their chance to come, others see no other alternative than to pray for the prices to fall down.

Rise in Prices of Properties in Mumbai

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Experts of property industry believe that Mumbai property market, especially residential, may see a softening trend in near future.

Prices may drop by between 5 to 15 percent in coming days. This is after a large rise in prices in the last few years and the recent increases in home loan interest rates that may have an impact on demand. Over the course of last twelve months the interest rate over home loans haven gone up from 7.75% for fixed rates last year to 12% now.

While this trend is expected to impact the mass market, it may not have an impact on the premium residential market in Mumbai due to scarcity of top-end properties.1