As property prices continue their downward spiral in Britain, investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.

Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller numbers of new mortgages being advanced.

Except in several areas of London, property prices all over Britain have recorded at least a two per cent drop in the last year due to the credit crunch.

More : economictimes.indiatimes.com

If you are looking to make money from property, and dont have billions of rupees to spare, you cannot be looking to buy a villa in New Delhi. Lesser mortals will necessarily have to look at areas where development has not yet taken place, yet. There is no dearth of such places either. However, many are still seething from the effects of investing in places where no development is likely in the near future as well.
This week we look at a property that is really a pioneer in the area. Literally, it is the only residential activity from a builder, in this area. The area is in Rewari district, but it along the NH 8. It starts right where Dharuhera ends.

Reaching there
There are two properties we look at this week, both by the same builder. Called the Golden Villas and Golden Heights, Phases I and II, both on the NH 8. When going from Delhi, cross Manesar and move towards Bhiwadi. The phase I is on your right, 9 km from Bhiwadi-Dharuhera crossing. This is near the 84th milestone from Delhi. Go down further 5 km, and to your left will be the phase II.

Twin advantages
The land for these two projects is not in the R-zone yet, but the change of land usage (CLU) has been done by the builder, and proposed sectors of Rewari are going to come up near the two projects, in the future.

More : expressestates.in

Landmarks IT Park at Gurgaon
Landmark Group has launched its Cyber Park at Sector 67, Gurgaon. With a built up area of 15 lakh sq ft, the park will have a parking lot for 300 cars and a helipad as well. The park will have amenities like health club, library, medical facilities, cafes, and convenience shops on the ground level. Companys director, Amit Chhillar on the occasion said, The park will have spaces on partly sale and partly lease basis. The rate would be Rs 5,500 per sq ft for sale.

BPTPs project in Gurgaon
BPTP has launched a residential group housing project, Park Serene at Gurgaon. It is located at Sector 37-D,Gurgaon. It is just 10 minute drive away from the Hero Honda Chowk and is close to the proposed Dwarka-Gurgaon Expressway.

The project is spread over 24 acres and will have about 950 dwelling units and will provide a mix of 2-, 3-, and 4-BHK apartments with luxury-class amenities. The project is launched at a base rate of Rs 1,995 sq ft. The size of the apartments in Park Serene will be 1,488 sq ft, 1,788 sq ft, 2,250 sq ft and 2,450 sq ft.

More : expressestates.in

Anant Raj Industries, an infrastructure development and construction firm that focuses on the national capital region (NCR), plans to invest $1 billion in IT special economic zones (SEZs) and the hospitality sector, a top company official said.

The New Delhi-based developer also plans to develop two large townships (one of 50 acres and other of 30 acres) with a foreign joint venture (JV) partner. Investment for these two townships would be over and above the $1 billion investment lined up for the IT SEZ and the hospitality sector, it said.

We would be investing $1 billion in IT and the hospitality sector in three years time, Amit Sarin, director at Anant Raj, told DNA Money.

More : dnaindia.com

Setting a new benchmark for apartments in the super-luxury segment in the national capital region, a local developer is offering 7,672 square feet of super area at a basic price ranging between Rs 13,500 and Rs 14,750 per square foot (sq ft), the highest in the region.

The property is attracting keen interest in the market and analysts said it indicates the market for luxury properties remains strong as ever.

The 240-apartment property is being developed by Ambience Infrastructure Pvt. Ltd, a company promoted by Raj Singh Gehlot. Located 800 metres from the toll gate on the Delhi-Jaipur expressway of national highway 8, the 150-acre site borders the vast Rajokri greens.

More : business-standard.com

Real estate developer Landmark Group today said it will invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years.

Currently our 12 projects are undergoing in North India, which will be completed in the next 3-4 years. We will be investing about one billion dollar in developing these projects, Landmark Group Director Amit Kumar told reporters here.

The company would fund the projects through internal accruals and raisings from private equities, he said.

More : livemint.com

Steel, marble and granite are high on the list of materials needed to build homes in well-to-do suburbs on the outskirts of Indias sprawling capital — but so are plastic sheets, cardboard and reeds.

As fields increasingly sprout concrete and glass condos in place of wheat and mustard, shanty towns too have grown to house tens of thousands pushed out as New Delhi expands its world-class ambitions.

Mannequin maker Mohammed Nasir used to live on the river bank, where a sports village is now being constructed as the capital prepares to host the Commonwealth Games in 2010.

More : afp.google.com

Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even backed out of land deals which were agreed upon as the slowdown hit the sector.

Prices have come down by up to 25% in Mumbais distant suburbs, including Thane and Belapur, and pockets of Hyderabad and Bangalore, according to property consultancy firm Knight Frank India. Prices in the NCR, with an exception of Faridabad and Delhi, too have witnessed a correction of up to 25%, says a senior Unitech executive, adding that transaction volume has dried up. Land prices in Faridabad have risen 10-30% in the past 3-4 months.

However, Faridabad is just catching up with its neighbouring locations. The prices in Faridabad are still lower than in Gurgaon or Noida and the current price rise is more towards building a parity with them. Land prices in Delhi are said to be stable.

More : economictimes.indiatimes.com

If you are waiting for property prices to fall by the end of the year to buy your dream house in the city, you may be doing the right thing! Realty experts predict a 10-20% fall in residential prices in and around metros.

There is respite ahead for people who want to invest in residential property in metros. According to experts, this segment of the market is set to witness a slide in prices soon. Thats because over five million sq ft of residential space is under construction currently in areas in and around Delhi, Mumbai, Chennai, and Bangalore. They say a majority of this supply will hit the realty market over the next 6-12 months. Since there are fewer takers for residential property in prime locations right now, it could force developers to bring down prices.

Pankaj Renjhen, MD, Jones Lang Lasalle Meghraj, Mumbai, said, In certain markets the reason is oversupply. In certain markets the size of the market is very small and the number of projects that have been announced, or which are being sold in the market are much more. Secondly, there is an absence of investors in the market, so its a purely end-user market. The stock markets have corrected, peoples perception that they have lesser wealth right now, also effects the real estate market.

More : moneycontrol.com

After a delayed opening due to licensing clearances, Four Seasons finally started operations of its first flagship property in Mumbai on May 12, 2008. It is owned and developed by Magus Estates & Hotels Pvt Ltd and the real-estate developer incurred an investment of around USD 100 million on the project. The property will target the high end business traveller, since the hotel is located in Mumbai, informs Adarsh Jatia, Director, Magus Estates & Hotels Pvt Ltd.

The 202 room property houses two restaurants, which include San-Qi, the Asian restaurant serving Japanese, Wok and Tandoori cuisine with 180 covers and Predo, the Italian restaurant with 122 covers. The hotel also has a bar with 33 covers.

Catering to business clientele, the hotel will house an exclusive private business club named The Club. It also provides 500 square metres of convention space within the hotel, which accommodates up to 50 persons. The day-spa facility provided by the hotel will offer Ayurvedic therapies, along with Western treatments in eight treatment rooms.

More : hospitalitybizindia.com