Residential Property India

Started by sukishan, Jul 13, 2009, 02:14 AM

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Residential property in India is a luring market. Residential real estate market in India has seen mounting prices. A survey of the Residential Real Estate News is sufficient to give a gist of the situation of residential property prices. India has seen mass developments in residential plots, housing complexes and luxury housing units. The residential real estate developments in India are not restricted to just the metro cities like Delhi, Mumbai, Bangalore, Pune, Kolkata, Chennai and Hyderabad but also the upcoming surrounding areas specially the SEZ's .

The Residential Real Estate Developers In India have ventured out full time into construction and development of large-scale housing projects in order to cater to the demand of residential property for sale. India residential property is a magnet for not just the local real estate developers but also the foreign investors especially the NRI Investments in India have a major chunk into the residential property market.

Even the number of Residential Real Estate Agents and Brokers have increased manifold in the past few years. You can find complete real estate property listings in residential real estate for sale, residential real estate for rent and leasing of residential properties in India. The real estate agents and brokers also guide you about the various Residential Real Estate Loan Schemes available in the market and also the residential real estate investing opportunities that would yield the maximum returns.

Residential properties in Delhi, Mumbai, Pune, Bangalore, Gurgaon and other major cities record the maximum prices as well as sale. The residential property news is a clear indication of the current trend in Indian residential real estate market. You find the names of major conglomerates venturing into residential real estate developments.
A good beginning makes a good ending

Pallavi Ruchika

Adding on to Sukishan, Housing in India varies from palaces of erstwhile maharajas to modern apartment buildings in big cities to tiny huts in far-flung villages. There has been tremendous growth in India's housing sector as incomes have risen.

With modernization there is a growing number of nuclear families, in which each couple occupies its own house after marriage, in urban areas. It is still rare, albeit not impossible, amongst traditional communities for senior citizens to live alone. It is extremely rare even in urban areas for couples to live together before marriage. Some single young adults live in same-sex dormitories or in shared accommodation during college and the early working years.

The life-style in villages takes advantage of the warm weather. Many families bathe outdoors in rivers and ponds. Most of the day is spent outdoors around or near the house. Cooking is conducted outdoors in earthen stoves powered by organic fuels or in modern kerosene stoves. Water is obtained from hand-drawn wells. Men perform their ablutions in designated spots throughout the day; Visitors to villages may find residents squatting down for an afternoon card game under trees or while sitting on charpois (traditional hand-made beds) brought outside during the day. Consequently, they use their indoor space primarily to sleep, change and, in electrified homes, to watch TV.

According to the Times of India, "a majority of Indians have per capita space equivalent to or less than a 10 feet x 10 feet room for their living, sleeping, cooking, washing and toilet needs." The average is 103 sq ft per person in rural areas and 117 sq ft per person in urban areas.

44 percent of rural households have access to electricity. Although cities have better facilities than villages, except for the major metros, no city in India provides full-day water supply.

Residential properties in Delhi, Mumbai, Pune, Bangalore, Gurgaon and other significant urban areas record the most extreme costs and deal. The private property news is a reasonable sign of the present pattern in Indian private land showcase. You discover the names of real aggregates wandering into private land advancements. To highlight a few:


The Imperial Towers, Mumbai are the tallest buildings in India. Mumbai experiences similar urbanisation challenges as other fast growing cities in developing countries: wide disparities in housing between the affluent, middle-income and low-income segments of the population.

Highly desirable neighborhoods such as Colaba, Malabar Hill, Marine Drive, Bandra and Juhu house professionals, industrialists, Bollywood movie stars and expatriates. Up-scale flats have 3 or more bedrooms, ocean views, tasteful interior decoration, parking for luxury cars and sleeping quarters for maids and cooks. Only a tiny fraction of people in Mumbai live in these luxury high-rises[citation needed]. In 2007, Mumbai condominiums were the priciest in the developing world at around US$9,000 to US$10,200 per square metre. Mumbai has more than 1,500 high rise buildings, many of which are just planned, but some already constructed or under construction.


Delhi has witnessed rapid suburban growth over the past decade. South Delhi, Gurgaon and Noida have added thousands of apartment buildings, Affordable Homes, shopping centres and highways. New Delhi's famous Lutyens bungalows house the prime minister, members of his cabinet, top political and government leaders, military officials, senior judges and top bureaucrats. New Delhi is also home to thousands of diplomatic staff of foreign countries and the United Nations. With India's growth, Delhi has developed into a business center, especially for outsourcing, IT consultancy, high-tech, research, education and health care services. Employees of these institutions are the source of growing demand for high-end housing provided by major builders such as DLF


In Pune, housing in modern ages in the 21st century is more modernized and developed than it has been in the past. Properties in Baner, Koregaon Park, Kalyani Nagar, Boat Club Road and Hadapsar in Pune have relatively sophisticated infrastructure. And is suitable for gated communities and villas, as well as higher-standard flats and condominiums. Pune is home to several skyscrapers. Many residential infrastructure companies are well-established in Hyderabad.


In the 1990s the information technology boom hit Bangalore. Y2K projects in America's IT industry resulted in shortages for skilled computer scientists and systems programmers. Bangalore has transformed into the Silicon Valley of India as over 500,000 well-paying jobs for young college graduates were created. The demographics of the city changed, new high-rise were built, campus-style office parks sprouted, vast shopping centers started to thrive, streets became crowded with new cars and gated expatriate housing estates emerged.
Pallavi Ruchika - Freelance Consultant - The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge

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