The Realty Story of India

Ten years back, when the MNCs shifted their back end offices to India and
BPO demanded immense office spaces , the existing business districts in the
Indian metros were bewildered. Private builders offered a solution by
creating Cyber Cities and Tech Parks on low-price land. Suddenly the low
priced lands were not low priced any more. Prices catapulted to astronomical
levels !

Tier I cities were bursting at the seams. Delhi, Mumbai, Bangalore,
Hyderabad and Chennai were saturated. There was need to move to Tier II and
Tier III cities.

The imminent spillover resulted in Kolkotta, Ahmedabad, Vizag, Trivandrum,
Nagpur and Bhuvaneswar welcoming the BT and IT industries. Services, which
had done well and manufacturing, propelled cities like Surat, Ghaziabad and
Jullunder.

As the real estate tidal wave rolls over the low profile locations in Tier
II and Tier III cities, the urban revolution has begun and the Indian urban
landscape is undergoing a great transmutation. This is the spillover effect,
Tier I cities initiating development in Tier II and Tier III cities.

The Indian middle class is estimated at 300 million. As income grows, BT and
IT Parks, SEZs, airports, seaports, malls and multiplexes, budget and luxury
hotels, townships, resorts, residential space, commercial space etc becomes
not the monopoly of Tier I cities like Delhi, Mumbai or Chennai !

FDI was permitted in real estate in India in 2005. Now the current FDI in
real estate is more than $10 billion. Realty developers have made their
presence felt in India, trying to capitalise her potential, as she grows by
more than 7% !

Here we give below some cities, which is taking part in the urban
revolution.

Delhi
Nodia
Ghaziabad
Gurgaon
Goa
Guwahati
New Bombay
Bombay
Indore
Jaipur
Lucknow
Ludhiana
Kochi
Chandigarh
Trivandrum
Mysore
Pune
Nagpur
Coimbatore
Jullundar
Hyderabad
Ahmedabad
Bangalore
Kolkotta
Chennai
Surat
Vishakapatnam

Some projects in the pipeline

Parsvanath Developers Malls complex for 150 cr in Delhi. Delhi has received
25 applications.

Noida has received 40 applications from developers.

40 million sq feet residential space in Dharavi.

Infra projects from L&T, DLF etc in Mumbai.

New Bombay - The 10000 cr New Bombay Airport, the Reliance SEZ and the Sewri
Navi Mumbai
transoceanic bridge at New Bombay.

The 30000 cr projects in Kochi. Another 100000 cr investment planned. 60000
cr in ports and 40000 cr in Shipping.

Ansal Gp's investment of 2000 cr. Beneficiaries are Greater Noida, Mohali,
Jaipur, Jodhpur, Amritsar, Lucknow & Ghaziabad.

Lemon Tree is planning a 1000 cr investment in 12 cities to add 1700 hotel
rooms.

The Marriot chain to add 3324 rooms. Beneficiaries will be Bangalore,
Gurgaon, Pune, Noida, Gurgaon, Chennai, Mumbai and Kolkotta.

The Retail Revolution in India has come to stay. Simon Global will be
partnering the Wadia Gp to set up 10 shopping malls. More than 83000
individuals have a net worth of more than one million dollars and this is
growing at 20% per annum.

100 malls will be appearing in the NCR. 50 of these will be in Delhi, 16 in
Nodia, 35 in Gurgaon and 20 in Faridabad and Ghaziabad. Unitech, Parsvanath
and Omaxe, realty developers, are moving on to smaller cities to spread the
mall culture.

In Nasik, India Bulls is partnering the MIDC to develop one SEZ on 1214
hectares !

Trivandrum, as the 5400 Vizhijam Transhipment Container Terminal Project
takes off.

These cities have immense potential and the realty recession is a good time
to add to your realty portfolio.

I have uploaded a lot of realty videos on my realty sites, Realty
Speculation & Realty Kochi .

Article Source: The Realty Story of India

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