India Properties-In Hot Demand
by: nrinews
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Word Count: 383
The property market in India is currently at its best. There is a huge demand in the dwelling sector. It is estimated after a current survey that nearly 80 million dwelling houses will be required in the next 10 years. In the commercial sectors Mumbai and Delhi are the most expensive business location in the world. Presently, they are occupying 7th and 11th position in the global ranking. Only a year back their respective positions were 15th and 36th. These figures indicate the level of growth in Indian properties.
Property Builders and Developers -
A large numbers of property builders and developers have taken active participation in the growth of the real estate in India as well as investors keen to invest in real estate India. The names of top property builders and developers are given below:-
- Delhi - Ansal Properties and Infrastructure limited,DLF Universal Limited
- Mumbai- Hiranandani Construction, K. Raheja Group
- West Bengal- Bengal Ambuja Housing Development Limited
- Bangalore- Prestige Group
- Pune- Kumar Builders
- Gurgaon- Unitech, Omaxe, DLF
City values -
Chennai-
- Lower side Rs.1500-1700 per sq.ft.- Mogappair East and West
- Higher side Rs.3500- 5000 per sq. ft.- Besant nagar,Nungambakkam, Mylapore
Mumbai-
- Lower side Rs.1000-2000 per sq. ft.- Vasai,Birar
- Higher side Rs. 12000-25000 to 30000 per sq.ft.-Breach Candy,Worli, Warden Road Prabhadevi
Bangalore-
- Lower side Rs.1500-3500 per sq.ft.- Bannerghatta Road (after Meenakshi temple)
- Higher side Rs,4000-8000 per sq. ft.-Rajaji Nagar,RMV extension Rs. 6000-11000 per sq. ft.- M. G. Road area
Hyderabad-
- Apartment – Lower side Rs.2000 per sq.ft.
- Higher side Rs. 5000 per sq.ft.
- Plot - Lower side Rs. 20000 per sq.yard
- Higher side Rs. 75000 per sq. yard
Delhi (including Noida, Greater Noida, Faridabad, Gaziabad ) -
- Apartment- Lower side Rs.2500-2700 per sq.ft.
- Higher side Rs.5000 per sq. ft.
- Plot – Lower side Rs.15000 – 20000 per sq. yard
- Higher side Rs.125000 – 250000 per sq. yard
Growing economy, participation of foreign investors, younger age groups dominating in population and growth of service sectors have made a positive impact on the scenario of Indian properties. A large number of NRIs have also made a great contribution on the development of real estates in India.
About the Author
Amitabh Kumar, a writer by profession has been part of content research team of magazines, journal dealing with NRI, non resident Indian news, stories, and issues. Presently he is content writer in NRI News based website emphasizing on NRI News, property investment scenario in India
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