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It is always nice to keep yourself updated on the latest housing scenario in and about the area you live in, or for that matter the state you reside in.So, on this page, we have tried to bring you the latest on the housing front. These are basically snippets that will allow you to have a peek at the latest housing stories that are doing rounds in your neighborhood
Real estate booms in '05
Real estate continued to boom in 2005. All the three segments - residential,
commercial and retail - of the sector performed handsomely and contributed
considerably to the economic growth of the country.
The year 2005 has witnessed considerable improvement in the quality
of real estate in the country. Because of the outsourcing of high-end
jobs to India, Non-Resident Indians (NRI) are coming back to the
country. There was huge demand for international quality real estate
space in the A-grade cities like Delhi, Mumbai, Chennai, Bangalore,
Hyderabad and Kolkata. But as the Industry is exposed to such high
quality construction, the trend spread to other B-grade cities like
Meerut, Ludhiana, Chandigarh , Amritsar, Ahmedabad, Surat and Pune
also.
DLF, Eldeco, Parsvanath, ATS Infrastructure, Omaxe, and TDI among
The current real estate boom have led, builders like Unitech, others,
to buy huge lands in North Indian cities to develop residential
and commercial properties. Today, one can buy a centrally air-conditioned
apartment fit with all the latest gadgets like close circuit TV
for security, gymnasiums, swimming pool, tennis court in almost
all the A-grade cities in the country. Very soon, apartments with
such specification would be available in small towns also. | |
India Real Estate Market News
