Tuesday, March 19, 2013



One of the most sought-after places to reside after Delhi, Gurgaon is a haven for commercial and residential real estate developers. The following article takes a quick look at the same.

The financial and industrial center of Haryana, Gurgaon is often termed as the Mall City of India due to the presence of numerous shopping malls. With the liberalization of Indian economy, transnational corporations ventured into the Indian market. Primarily, beleaguered at the urban cities, gradually the heat of upliftment and liberalization was felt by other cities as well. Satellite cities like Gurgaon and Noida were two of them.
Once, DLF acquired lands from farmers and began developing the land, the skyline changed completely and gradually Gurgaon went on to become one of the most sought-after real estate destinations in NCR right after Delhi.

As jobs were being generated, more and more professionals began to move base to Gurgaon. Today, the city has the highest number of professionals in the country and practically houses every big name in the corporate world. Most of the buildings are designed by the best architects of the world. The city boats of a host of outlets of luxury cars ranging from Audi, BMW, Volkswagen and others. In the corporate sector one can find offices of Microsoft to Google located along the Cyber City – the most happening place in Gurgaon when it comes to the world of the corporates.
Within a span of barely ten years, the realty market of Gurgaon saw a huge explosion with plush office buildings, sprawling shopping malls and numerous housing projects dotting the city’s skyline.

Gurgaon is well connected with Delhi through roads, flyovers and now the metro rail. These factors have gradually transformed Gurgaon into a popular residential hub. Divided into several sectors, the property market of Gurgaon is coming up in a great way. Sectors 66 and 67 are among the all other sectors that are coming up across the city.
These two sectors are located within the vicinity of the Gurgaon Railway Station and the Indira Gandhi International Airport. Scattered with shopping malls, National Highway 8 is very close to the sector. One of the developing sectors of Gurgaon, this area resonates a good lifestyle with shopping malls, long stretches of roads that are well-lit and decorated with boulevards highlights the beauty of the same. One can search form some of the top residential projects that are abounding these sectors.
The same thing is applicable for properties in Sector 67, Gurgaon as well. Since it is close to both the station and the airport, this area is also coming up in a big way in terms of the realty market of Gurgaon. However, in this sector one can find the best possible commercial real estates that are coming up across the area. 
Gurgaon is a leading example of high-class lifestyle and one of the best locations to reside only after Delhi. Apartments as well as commercial spaces in Gurgaon happen to be the new address for those who are looking towards investing in real estate in Gurgaon.

Author Bio: Sampurna Majumder writes on behalf of 99Acres.com, which is an internet portal dedicated to meet every aspect of the consumers’ needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information about sell purchase of studio and serviced apartment, house, flat, villas etc. At 99 acres, you can advertise, search, sell as well as rent a property.

Sunday, April 03, 2011

Dubai Villas – The Most Beautiful Spot For Accommodation

Dubai used to be a desert and it had no advanced technology and even people never thought of Dubai to develop according to the modern age. Today, Dubai stands tall among the most advanced countries as it has developed and achieved everything that is required in a major cosmopolitan city anywhere in the world. Dubai has reached to the advanced level in term of all the imaginable facilities and amusement opportunities in life and the commercial and business find Dubai as the hub. The construction work constantly takes place and the projects reach to their completion smoothly on scheduled time. This is the reason you can see the plenty of shopping malls, hotels, villas, apartments, etc. you can also buy apartments for sale Dubai and it is the best option for the ones who like luxurious life. But be sure that you come with a strong budget limit if you wan to rent villa Dubai.

There is a huge range of mansions, hotel apartments and villas available with gated as well as isolated compounds. Most of the tourists are immensely delighted when they sight the estate of Dubai first time. It is a place full of modern architecture with the traditional houses and ancient wind-towers. The new construction of buildings is amazingly incredible and for a moment it is difficult to believe if they are for real. The construction work has made fortune for many companies and the real estate market really boomed on account of the development of tourism industry.

The villas are a joy for the tourists and visitors as they are fully equipped with everything and the best villas are the ones close to the seaside and in the man made marinas like Dubai Marinas. The investors have really mad huge money by investing in the construction works and this is why you can look for villas for rent in Dubai as the investors put their money in them and retained their profits in term of monthly income.

When you plan to have the villa on rent, you need to observe and analyze some important factors beforehand. The first and foremost factor includes the choice of the real estate agent as the agents of real estate service can get you the best deal because they know all the pros and cons of Dubai villas in detail.

The other factor to check is the vicinity of your required place and there are two aspects to consider when you ask about the surrounding areas. The first is about the on going construction in that area. You can see the on-going construction most of the places. In fact, it creates a lot of noise and it may disturb your vacation and stay, bout the good thing about the development that they are quickly completed. So you must leave it on the basis of this reason, but it is better to have the idea about it so you may take a better decision.

The other factor to consider when you in Dubai is about the nearby places like shopping malls, airport, beach, amusement points or any other place which you consider important.

About the Author
John Parker is expert analyst and market researcher on Serviced Office and Dubai Apartments for Rent Market, he writes Dubai property articles. He works for Kleindienst Real Estates, one of the most growing real estate firms in UAE.

Monday, March 01, 2010

Predictions for Dubai Real Estate Sector in 2010

The latest predictions by a Dubai based real estate consultancy firm reveal that there is still some way to go before things pick up again in the beleaguered real estate sector. Owing to past commitments, there is at present an oversupply of residential units in the emirate, and the still sluggish economy means that the real estate sector will continue to struggle through 2010. Indeed, some experts have stated that they do not expect to see a turnaround before mid 2011.

The present realities of the real estate sector very much reveal that sale prices and rents for villas, apartments and offices will continue to fall. On the average, apartment prices in Dubai are expected to decrease by as much as 20% over the next 18 months. Meanwhile, it has been noted that villa prices in Dubai have also stagnated, showing a marginal increase of just 0.2% in the 4th quarter 2009.

Location is still a key factor, as there is a variance of pricing based on whether the villas are situated along coastal communities such as Sheikh Zayed Road, or further inland where the prices have decreased.

At the other end of the market, sale and leasing transactions for commercial property remained significantly low in Q4 2009 with average sale prices down by 5.1%, and office rents dropping 8.4%. This trend is expected to continue as an estimated 48 million square feet of office space will enter the market over a four-year period.

Possible good news for apartment renters is that average rents are likely to decline as more residential supply is delivered at a time of weak demand fundamentals.

The Government of Dubai has announced a 6 percent cut in state spending for 2010 in response to the strain on its debts in the aftermath of the real estate collapse. State spending is projected to be $9.64bn in 2010, compared to $10.3bn in 2009. Dubai Real Estate sector contributed as much as 50% to the emirate’s GDP in its heyday.

There is a dire need to rebuild confidence and greater transparency in the UAE's fast evolving real estate markets. Although the rate of decline may be comparatively less in 2010 than that experienced in 2009, what is needed for a recovery is stronger economic fundamentals, better long term policies and additional demand from both investors and tenants. Once these are in place, the markets will mature. Investors will also need to change their attitude and take a longer term view, as there will be few opportunities for price spikes as the level of returns becomes more stable and sustainable.

About the Author
John Parker is expert analyst and market researcher on Serviced Offices and Dubai Apartments for Rent Market, he writes Dubai property articles. He works for Kleindienst Real Estates, one of the most growing real estate firms in UAE.

Saturday, January 09, 2010

Will 2010 Herald a New Dawn for Dubai?

The opening of the Burj Dubai, the world’s tallest tower, on 4th January 2010 is the best news we have got from Dubai this year. And with the spate of negative news items dominating the airwaves in recent months, such positive news was long awaited and indeed, much appreciated. At long last, here was an opportunity to revel in the ‘superlativeness’ of Dubai once again, a feat that the ruling family would have liked. Smiling for the world media as he did the honors of cutting the ribbon announcing the opening of the tower, Shaikh Mohammad bin Rashid Al Maktoum has long compared Dubai to a Hollywood star. The comparison is both apt and fitting, as the rise and fall of Dubai’s fortunes over the last two years or so very strongly imitates that of a Hollywood icon. Dubai has also been constantly in the news- whether for the right or the wrong reasons. Not very long ago, the debt repayment crisis of Dubai World got the world’s attention. But by first agreeing to support and then withdrawing, the Government of Dubai sent mixed and confusing signals to world watchers. The Western journalists took it to mean that Dubai was itself in danger of default. To their minds, the worst had already happened. Dubai had overextended itself in the property boom market and how the bubble had burst. What probably made the West a bit vitriolic in their comments was that many expatriates in Dubai had to bear the brunt of quick layoffs once the bubble burst, and thus left the emirate with bitter memories.

At present things do look to be getting a bit better, as by some estimates, 60 percent of the previously abandoned housing and construction projects have been resumed- some with new financing, others with new crews, administration and management. The resumption of work means that the employment sector will become alive again, and give impetus to hotels, air travel, taxis, rentals, shopping, banking and a host of other facilities. This time around, some are taking a cautious approach and either coming in on unlimited work contracts or preferring Abu Dhabi or some other emirate in which to work and live. That said it is simply not to be contested that Dubai is still attractive to the visitor, because of its cosmopolitan lifestyle, good infrastructure and acceptance of English as the spoken language.

Meanwhile, the stock market and the financial sector desperately need a boost for Dubai to recover from its present inertia. Maybe the Government will need to change housing, working and economic policies so that they are more obliging and business friendly, as well as protective of jobs and assets.

With the present situation being that supply still outstrips demand in this emirate, there is no shortage of advertisements in UAE property websites. Business is sluggish in Dubai property and will only pick up if the economy is stimulated. Dubai marina and villa properties are the only ones somewhat holding their value in terms of Dubai properties for sale, while Dubai apartments have almost halved in value. While the property and construction sector is definitely in oversupply in 2010, analysts are hoping that property for sale in Dubai will recover by the start or middle of 2011.

Sunday, June 07, 2009

Abu Dhabi Property Report

Abu Dhabi Report for Q1 2009 issued by a renowned real estate firm based in UAE showed that a limited supply of residential and commercial units was the main reason for the high demand for quality apartments and offices in Abu Dhabi. Development, designing and branding firms working in Gulf region are very positive about the Abu Dhabi property market as Plan Abu Dhabi 2030 that will house 2 million people over a period of the next 20 years has been made public. A surge in the rates of Abu Dhabi real estate is expected shortly as real estate demand outgrows supply.

Wednesday, February 18, 2009

The Five W’s of Real Estate Training

Who can and who should take the real estate training or course?
Practically anyone who wants to make a career in the property industry can choose to go for the training. If one feels that they can carve their niche in the property sector and have what it takes to excel in the profession, a good real estate course will be of crucial importance.
Amid the current financial recession when all industries appear to be toppling, property industry is still somewhat stable. Although there is an evident slowdown in the industry, yet it is growing. So the requirement for real estate professionals has not eroded and every property company needs a property professional. Today, when career opportunities in other professions show a great deal of saturation, the potential of real estate industry is slowly dawning upon people who are now taking up real estate training courses to enter this vast field of opportunities.
What are the real estate training courses about?
Real estate of course! Every country of the world has its set real estate laws and ordinances. These laws may vary largely from country to country, and also from city to city within in a country. This is one reason why it is important for a real estate professional to not only become aware of, but also have a deep insight into his region’s property laws and regulations. The real estate training courses consist of a series of classes or lectures which cover anything and everything about real estate in your region. The courses are designed, handled and delivered by the area’s real estate experts with vast experience of the local property market. The most common things covered in the property training are the property laws governing your area’s real estate industry, your responsibilities as a real estate agent, and the types of real estate present in your zone of operation. The courses are also designed to hone your buying and selling skills as a property agnet.
Where are the real estate training courses available?
Probably not far from you. These courses are gaining popularity around the world and many established property companies and agencies have taken this initiative. Not only established real estate companies, but also experienced property professionals have started educationg people about the property business and its ethics with a special focus on the latest real estate trends of their own region’s property industry. So it’s very probable that after a brief search, you’ll be able to find a property company, agency or individual offering this course near your house or somewhere else in your city. And if you don’t, there are numerous real estate training courses available online in which anyone can enroll with ease. All it takes is a little online search and you’ll come across innumerable options. Most people consider online course more convenient than the classroom study as you can study at your convenience without having to rush for taking classes. It saves you the time and hassle of the traditional classroom study. Many online universities and institutions have even started bachelor and master degree programs in real estate development and management.
When can you enroll for the course? How long does it take to complete?
It depends on various factors. Your choice between online and classroom study, the mode of training, and the trainer’s discretion, all these factors come into play. The best way to find an answer to this question is to visit the trainer in person if it’s an offline (classroom) course, or to visit the website of the trainer if it’s an online course. The websites of educational institutions bear all the details of the courses they offer including the course objective, outline, duration, and choice. One trainer may offer more than one property training course at a time designed for different individuals as per their requirements, suitability and market exposure.
Why should you take this course?
Well, we’ve already discussed it in the 1st answer. One definite answer to this question is that the property market is still booming when the other industries appear to be falling down in the current financial recession. As the industry is expanding, there’s more and more room for real estate professionals in it. Taking a real estate training course can help you make a career in this booming sector and excel professionally.

Sunday, January 18, 2009

Why Invest in Real Estate?

A successful property investor would have a hundred answers to this question, but in this article we’ll glean only some major pros of real estate investment in the world’s prominent property markets. We’ll also see how a wise timely decision can make you rest upon your laurels and enjoy handsome regular incomes while staying in the comfort of your home.

Many see the current global financial crisis and the ‘failing’ property markets in the negative light and avoid taking risk of investing in property at this point of time. It’s true that property buyers and investors globally have reservations about putting their money into property and their concerns are quite understandable. But when we compare real estate investment with other forms of investment, we find that even in the present critical situation, property remains is one of the most lucrative businesses. Property markets are falsely being dubbed as ‘failing’, only they are not performing as good as they did a few months back.

There are many reasons why investment in property is still one of the safest investments, but the primary one is the population growth. World’s major property markets such as, UAE, Turkey, Italy, and Brazil etc, remaining immune to the current financial slump, are faring remarkably well and continue to thrive, though at a slower pace than before. These property markets are either financial or tourism centers and population in there is constantly on a rapid surge. Expatriates and tourists in these property hubs constitute a substantial portion of the total populace and are a key cause of the rising demand for property. As all these real estate centers are extremely business-friendly with a few even offering a tax-free environment, those who want to set up their business and also those in search of better employment opportunities gravitate to these countries.

This foreign influx in the shape of businessmen, job searchers, and tourists plays a major part in keeping the property business thriving. Demand for all types of residential and commercial property can only be seen going higher unaffected by the fall that other industries are currently facing. Buying the property, either for self use, or to rent out or resell, is still a safe investment and can bring the owner high margins of profits in a short period of time. Though the slowdown in real estate sector is undeniable, the situation may be a blessing in disguise for the investors and general buyers. As the property prices have lowered, it’s high time for them to invest in property and enjoy the ownership of a property and the fruits it can bear in the near future.