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Find average property rates in India in seconds at Zamanzar.com!

Published: June 2, 2009

We have released a wealth of information for property buyers and sellers in India to help them find average property rates across Indian cities quickly. You can now view city level and locality level average property price data on Zamanzar.com.
For example, http://www.zamanzar.com/Bangalore/Residential-Property-Prices.html gives you average prices and price per sqft values for apartments, houses and [...]

Posted under Property Rates, Zamanzar

Super built up area & carpet area - What, Why and How!

Published: April 10, 2009

The terms built up area, super built up area, salable area and carpet area pop up again and again for an Indian real estate buyer. The apartment that is sold as a spacious 1500 sqft apartment, is actually not 1500 sqft if you count its actual covered area, or carpet area.
Definitions -
1. Carpet area - [...]

Posted under Buying Property, Indian Real Estate, Laws & Regulations

‘Possession on time’ is the latest mantra

Published: March 23, 2009

When it comes to selling residential projects in a downturn, the promise of ‘timely completion of project’ has become as good a bait, as any other — affordability, complementary club membership or swimming pools.
With the slowdown in sales and cash crunch delaying real estate projects, some builders have started pitching ‘on time completion’ as their [...]

Posted under News

Buying a home abroad a viable investment option?

Published: January 1, 2009

The realty industry is one of the worst-hit sectors globally following the financial meltdown, but for the well-heeled in India, this is excellent tiding. With real estate prices at an all-time low across borders, buying property abroad is suddenly making sense to affluent Indians.
“The property slump is not just confined to India. Prices have [...]

Posted under News

2009 - A happy new year for real estate?

Published: January 1, 2009

What goes up has to come down. On a high since 2005, Indian property market discovered in 2008 what a descent is like, with demand, particularly for housing, falling by up to 50 per cent that triggered 15-20 per cent decline in prices.
High interest rates regime and economic slowdown, coupled with the ripple effect of [...]

Posted under News

Indian real estate: is this the right time to invest?

Published: December 15, 2008

Is this a good time to buy property in India? A lot of people would be interested in knowing the answer after watching realty prices in India grow like there is no tomorrow for last 2-3 years. Some of them must have missed the bus, and would love to buy low now and be part [...]

Posted under Buying Property, Indian Real Estate, Indian economy

Goldman Sachs says prices will drop by 30%

Published: November 25, 2008

NEW DELHI: Real estate prices in India requires to drop by 30% to spur demand, said Goldman Sachs in a report. However, the report further maintained that the sharp decline in the prices will have a negative impact on the economy.
Goldman Sachs said: “Our India Real Estate Team believes that prices need to fall by [...]

Posted under News

Real estate credit might get easier

Published: November 11, 2008

The Government is considering a two-pronged strategy to pull the real estate sector from its current morass and credit crunch. The strategy essentially revolves around reducing the risk element for banks in lending to the sector, where many foresee a slump. According to an official in the Prime Minister’s committee of officers set up to [...]

Posted under Laws & Regulations, News

Retail space rentals getting rationalized

Published: September 30, 2008

With realty prices sliding, retailers are looking to renegotiate rentals signed in better times. In some cases, they are even shutting and relocating stores to offset the drag on profitability.
Kishore Biyani, managing director of Pantaloon Retail (India) Ltd, India’s biggest publicly traded retailer, said store rentals are down by 25-50%. “We are renegotiating the rentals [...]

Posted under News

Deepak Parekh on Indian real estate sector

Published: September 27, 2008

Deepak Parekh has been ‘Bhishma Pitamah’ of Indian real estate sector for many many years now.
He recently articulated about the Indian realty sector slowdown in a speech at FICCI real estate summit.
Here are the key aspects of his speech, where he gives a very nice 20,000 miles picture of this whole slowdown thing -

About the [...]

Posted under Indian Real Estate, Indian economy

Will US financial crisis impact Indian real estate?

Published: September 27, 2008

The recent crisis in the banking system of US is bound to impact markets and economies all over the world. But the extent and nuances would be different for every sector and every country.
How would this impact the Indian real estate market? The stock prices of Indian realty giants like DLF and Unitech have already [...]

Posted under Indian Real Estate, Indian economy

Checklist for buying a property in India

Published: September 16, 2008

Here are some useful questions to ask yourself before buying a property in India.
The issues such as price of the property are pretty obvious, and you would surely consider them. But there are a lot of intricacies that are not so obvious in first look.
If it’s a resale property -

What is the cash component? - [...]

Posted under Buying Property, Indian Real Estate

Real Estate Brokerage Industry in India

Published: August 28, 2008

Indian real estate brokerage sector is unorganized

Visit any developing city like Gurgaon, you’ll see boards of “Property Consultants” hung on every nook and corner of the city. Majority of these brokers don’t have any notion of work ethics or quality of service. They don’t have any reliable brand, neither do they value long term reputation [...]

Posted under Zamanzar