Commercial Spaces Pune Updates in 2013

Pune, formerly known as Poona is the cultural capital of Maharashtra. It is known as Oxford of East. It is a hub for software companies, IT/ITES SEZ, BPO’s and particularly automobile industry. The city has experienced a massive growth in real estate market. The demand for commercial spaces in Pune is more compared to residential Spaces in Pune.

Considering the office space demand, which encompasses IT/ITeS, automobiles manufacturing, BFSI sectors, Pune accounts for the healthy commercial real estate absorption in 2013. Commercial office space demand across India has witnessed a 1618% dip in 2012, commercial spaces demand in Pune moved upwards by 6%. This clearly shows the demand and interest of people in commercial spaces in Pune.

The non-IT commercial property assets like office space rentals class are likely to stabilize after the second quarter of 2013, due to the influx of fresh stock – especially near Eastern corridor. Stability pertains to SEZ Hinjewadi, as supply is slated to hit the market in the second half of the year. On the other hand, commercial office space rentals in STPI projects are expected to increase because of the limited supply of Grade A office spaces throughout the city.

Real Estate Updates in Hyderabad

With apartment prices hitting the roof, studio apartments are the rage of the day. However, it is the limitation of space that encourages creativity, feels interior designer and proprietor, Cherishing Spaces.

When buying a property, the amount you shed is not only for the four walls of the house, but it’s the price you pay for the emotional security connected with the purchase.

The premium attached to your DREAM HOME is for the location, surroundings and status elevation in a particular area.

Hyderabad is the world’s second most affordable office market after Surabaya in Indonesia, according to a survey, while Chennai and Pune are at fifth and sixth positions, reinforcing India’s reputation as among the cheapest destinations for foreign firms to set up operations.

The Hyderabad residential property market witnessed relatively lower sales this quarter, but the market is slated to pick up in the next few months. “This being the first quarter, the sales in the city were slower, 9 percent against the last quarter’s 12 percent, but with the recent cuts by the RBI, the market should pickup.

Best Investment In India

Real estate is the best investment in India. The real estate prices are increasing tremendously. There is a huge  demand for both residential and commercial property in India. With real estate investors taking keen interest in building apartments and flats, it has become a difficult task to own a property in India. All the twin city real estate prices are at peak level and so fulfilling the dream of owning a property in India has become a challenge to the citizens.
Most of the investors in India are NR I's.  The property investors by NRI's are more compared to Indian citizens. One of the reasons for the real estate prices touching the sky is NRI investments.

        In recent days,real estate market has become a major attraction of developers and investors which in turn is witnessing a strong growth in residential supply as well as capital values. With the development of private property ownership, real estate has become an incredible are of business. It involves a significant investment and every piece of land or property has unique characteristics. Hence, specialists are often required to valuate the real estate and then provide the necessary facilities.

         However, in developing countries like our own, a significant barrier to investment might be due to the lack of effective real estate laws. One should really be well versed with the norms for a safe and secure investment in real estate. The valuation of the land plays a crucial role in the initial stages of investment.

        The role of an agency plays an important part in real estate business. These agencies either represent the buyer or the seller. Which means the agency would concentrate on wither party’s interests and hence carry forwards the process.

On the whole, real estate is such an investment where one can secure a property, provided proper care be taken in terms of agencies, type of property and the type on investment.