Noida Real Estate – Hot spot To Invest

As there is in increase in IT sectors, Malls, Colleges in Delhi, a flurry of scholars are returning towards it. Due to this apartment in Delhi has been rapidly increased towards it cost. The 3 BHK Flats in Delhi are showing in luxury among the peoples. According to the research there has been 60000 visitors daily, appearing for selling, buying and renting real estate. The builders in Delhi mainly focus on power supply, water facility, atmosphere and others. 

But due to raise in property price many of the people tend to move towards Delhi NCR region like Noida, Guargon, and Greater Noida. Among Delhi NCR Noida is registered itself as the world’s hosting IT giants and other commercial zones. Residential villas in Noida are built with comfortable life style. 

Have your Favorite house with all amenities in Noida. Now, New Residential Projects in Noida that comes within your budget and are affordable to live; thus you ought to not leave the possibility to induce the simplest ones. These will be appropriate for those who need to steer the life in uninterruptable manner. The creations speak of your personal moods and your thoughts giving total fascinating expertise. 

Noida isn't solely in style for residential properties, has become a hot spot for investment. It draws the eye of uncountable folks from varied components of the country. Today, folks wish to shop for luxury accommodations for payment whole life with guardianship at the handpicked location of the town. The Demand for luxury residences in Noida have enhanced as ne'er expect within the returning years. Noida has become an attractive and hottest place of India where you can see a hope for bright and secure future to invest on it and to gain in future.

Commercial real estate drives Mumbai hospitality sector

Commercial real estate development has played a pivotal role in shaping Mumbai’s lodging markets, according to Jones Lang LaSalle. “Mumbai leads all metropolitan cities in India with a total Grade A office stock of 7.9 million square meters as of December 31, 2012. The city has witnessed a Compounded Annual Growth Rate (CAGR) of 21.7% over the last five years in terms of incremental office stock,” says Sudeep Jain, Executive VP – Jones Lang LaSalle Hotels (India).

 
Meetings, incentives, conventions and exhibitions (MICE) demand is typically generated from a number of large conventions organised in Mumbai in the form of smaller meetings and conferences held by local companies. Some of the major events to be organised in Mumbai during 2013 include ChemPetro World Expo, Pharma World Expo, Plastivision India and India Steel Event. Additionally, Mumbai’s importance as the financial capital of the country results in a large number of events, related to financial, economic affairs and trade, being organised in the city.

Leisure segment

Due to the city’s predominantly commercial profile, the leisure segment contributes a relatively smaller percentage of room demand. For foreign tourists, Mumbai serves mainly as an entry

point into India for connectivity to other destinations in Maharashtra and other parts of India. Demand from the leisure segment is mostly concentrated around the South Mumbai area.

Based on JLL research, Mumbai has 45 operational hotels, with an inventory of 10,537 rooms spread across six categories. Prominent operators with a presence in Mumbai include Hyatt, Marriott, IHG, Starwood, Four Seasons, East India Hotels (Oberoi & Trident) and Indian Hotels Company Ltd. (Taj).

Luxury and upper upscale hotels dominate the total supply with 69% contribution to the overall inventory. The upscale segment contributes 14% followed by the midscale segment with an 8% contribution. Domestic and internationally branded economy and budget hotels in Mumbai currently represent 5% of the total supply. Serviced apartments in Mumbai are presently offered by four properties in the branded segment, namely Marriott, Oakwood, Grand Hyatt and Taj, collectively contributing 4% of the total inventory.

There are 13 hotels currently under construction in Mumbai across different categories with a total inventory of 3,394 rooms. Once operational, the total room inventory of Mumbai will go up by almost 32% from the existing supply. Some of the prominent international operators like Jumeirah and MGM have also announced their plans to enter Mumbai’s hospitality space in the coming future.

MIAL boosts the demand

MIAL, a joint venture between GVK led consortium and Airports Authority of India was awarded a mandate to modernise and upgrade Mumbai’s CSIA. Apart from the expansion of existing airport and development of a new terminal, MIAL will also auction land parcels on lease for commercial and hotel development. The auction process is expected to start during the second half of 2013. This move is expected to further augment the hotel supply in the city.

Lodging Market Performance

Over the three year period from 2009-10 through to 2011-12, Mumbai witnessed a marginal increase of 4% in Revenue per Available Room (RevPAR) as a result of a 1% increase in occupancy levels accompanied by a 2% growth in Average Daily Rate (ADR).

FY 2010-11 saw an increase of about 2.5% in occupancy and 5% in ADR after witnessing a steep decline from 2007-08 to 2009-10 due to global economic turmoil and the terrorist attacks at two prominent hotels in Mumbai. In 2010-11 occupancy levels averaged at 63% and ADR at around INR 9,500. Hotels in South Mumbai have been the worst affected in terms of performance post terrorist strikes at Trident and Taj Mahal Hotels followed by a bomb blast at Zaveri Bazaar in 2011.

Furthermore, the corporate movement from traditional CBD to Central and North Mumbai, due to availability of office stock at cheaper rentals, has also affected hotels in South Mumbai adversely.

Trading performance has seen a drop of 2% in RevPAR during the last 11 months, in comparison to 2011-12, in the light of a decline of 8% in ADR to INR 8,450. Occupancy on the other hand strengthened to 64% during YTD 2012-13 from 60% in the previous year.

Overall, the Mumbai lodging market has seen fairly stable demand levels over the past four years, along with a decline in average rates, primarily due to recent regular supply additions in the form of Shangri-La, Sofitel and Ibis.

India ranked 20 among global real estate market, says C&W

While investments in institutional sales saw a decline of 37 % over last year, private equity investment in real estate in India increased by 7% in 2012 and was noted at Rs 6,200 crore.
"Investment in ready income generating / operational office assets have gained strength over the last few years due to lower risk and steady cash flows associated with this type of investment.

 With increase in number of high value transactions in this sector, the market is moving towards a mature phase,"said Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield,
Majority of the Private Equity in Real Estate (PERE) investments were noted in ready income generating / operational office assets at Rs 3230 crore, an increase of 34% over 2011. Under construction residential projects continued to witness the highest number (25) of PERE deals valued at Rs 2850 crore in 2012.

Global Property investment market recorded a modest 6% rise in activity during 2012 with volumes reaching US$929bn. China remained the largest global investment market overall due to surge in land sales seen in late 2012 followed by US and UK respectively. " In what was a difficult year in most markets, investment volumes rallied in Q4 signaling the beginning of real momentum and a return of confidence in the market which could see volumes this year increase 14% to exceed $1 trillion for the first time since 2007," mentioned the report.

Latest Property News

Qualification of the prospective bidders for the project that was announced in 2011. With traffic congestion reaching alarming proportions, the state government wants to get the project, which it believes will be the answer to the city’s traffic woes, off the ground at the earliest. The ongoing metro rail project covers 45km of arterial roads — Jawaharlal Nehru Salai (100 Feet Road), Anna Salai and EVR Periyar Salai (Poonamallee High Road) — in two corridors.

“Everything is ready. The transport department will float the final tenders for technical and financial qualification in about 10 days,” said a source in the government. The plan is to bring the five prospective bidders, including Scomi International, Gammon India and Larson and Toubro, on board. They were selected from the eight consortiums that participated in the qualification bidding last year. “The duration of tendering will be 60 days after which the negotiations will begin with the highest quoted bidder. The work is likely to begin in June,” the source said. A high-level empowered committee led by transport minister V Senthil Balaji is overseeing the tendering process.

While the initial plan was to cover 111km of the city’s periphery in the first phase, the government later dropped the plan of including the Vandalur-Puzhal (54 km) corridor. This would have been the longest monorail corridor in the world had it been implemented along with the Vandalur-Velachery, Poonamallee-Kathipara and Poonamallee-Vadapalani sections. “The state will consider this later,” sources said.

The stations have been identified for the project, keeping in mind their access to terminals of other modes of transport, including bus stops, MRTS and metro rail stations. Unlike in the metro rail project, the requirement of private land for mono rail is minimal. The government has formed a team to earmark lands for construction of the stations.

Original source :http://timesofindia.indiatimes.com/city/chennai/Monorail-work-likely-to-begin-in-June/articleshow/18720543.cms

First Green Township in India

Neotown by Patel Realty is First Green Township in India: IGBC

Karnataka, India

 

Neotown, township project from Patel Realty, is one of the first few township projects to be pre-certified by the Indian Green Building Council (IGBC). The township has been awarded the prestigious IGBC Green Township Silver pre-certification for its mixed land use & integrated development. The township is located in Electronic City, Bengaluru. The IGBC pre-certification is awarded for buildings & townships at the design stage to facilitate the adoption of sustainable green design practices in India.

Neotown met the criteria laid down by IGBC which included the, preservation of existing trees and water bodies, energy efficiency in infrastructural equipment, construction waste reduction, recycled content and innovation in design and technology.

Pravin Malkani, Managing Director, Patel Realty India Limited said, “When Neotown was conceived there were certain environmental features that we were particular about incorporating in the master plan. As a result, the township showcases a balance between luxury and environment protection. The IGBC pre-certification for Neotown demonstrates our commitment to green and responsible living and we are pleased to provide residents with a self-sustainable community.”

S Srinivas, Principal Counsellor, LEED & IGBC Accredited Professional, Confederation of Indian Industry said, “Green Cities are the future trends in creating sustainable built environments. We at IGBC congratulate Neotown project team for being one of the first few townships in India, to achieve IGBC Green Townships Silver pre-certification.”

Neotown is an integrated township that is designed around environmentally- friendly principles. Some of the features at Neotown include an integrated rain-water harvesting system, sewage treatment plant, solid waste management, solar water heating, in-house nursery, and long-term tree planning. Neotown also has a natural depressed land, which is proved to be restored in the form of pond and it will attract different species of birds. The design and layout of the project offers maximum use of natural light and maximum ventilation, minimizing the use of artificial temperature control.

The township land use system is designed like an employment hub for the city. The project has got innovative credit points for employment generation for more than 100% of the working age population.

About Patel Realty

Established in Mumbai in 2007, Patel Realty is a wholly owned subsidiary of the Patel Engineering Group. Patel Engineering (BSE: PATENG) is a sixty year old company with a global presence in infrastructure, power and tunneling. Patel Realty India Ltd. operates as a diversified real estate development company engaged in the development of real estate and currently has under its development portfolio three integrated townships, along with high end commercial and residential projects underway in Mumbai and several other projects in Noida, Andhra Pradesh, Tamil Nadu as well as Mauritius. The execution of all the projects of the company is backed by its parent company, which has successfully completed over 350 Projects in over six decades and has a global presence in USA, Greece, Indonesia, China, Chile, Eritrea (Africa), Qatar, Nepal, Sri Lanka & Bhutan.

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Original source : businesswireindia.com