Bangalore: Hosur Road residential market set for growth

The expansion of Bangalore city boundaries began with the peripheral areas in the southern part. The first IT establishment in Bangalore as well as the proliferation of IT/ITes and MNCs along the Hosur Road belt has led to the increasing demand in Bangalore flats and other residential catchments around. Among all the localities, the areas surrounding Electronic city and Sarjapur road that extends to Hosur have witnessed a boost in demand in the residential options.

To substantiate this, Hosur road is a long stretch connecting BTM layout, Koramangala and Jayanagar to Electronics City. Over the years, the Bangalore flats for sale and also the commercial properties on this stretch has witnessed a grip. When it comes to office space too, Hosur road has been picked up by IT companies and numerous Bangalore flats and other residential projects and retail outlets. Initial emergence in the residential arena was majorly due to the employee (of IT companies at Electronic city) settlements as they preferred staying in close proximity to their work spots.

Outlook on Bangalore residential real estate

Further development is expected in the Hosur Road belt due to better connectivity and state government’s major initiatives. With high rises and high-end layouts such as BTM and HSR, residential market has picked up well and has turned Hosur road into a mature investment destination. Bangalore flats for sale will soon witness inclination due to proposed Metro rail connection, access to the airport, proposed ‘Smart city’ announced by the government of Karnataka and the planned Peripheral ring road.

According to a research report by Cushman & Wakefield, during the last two and half years, the Hosur stretch has witnessed launch of over 14,500 Bangalore flats in which the mid segment accounts for 64 per cent and the affordable segment sums up to 34 per cent of the share. The mid-segment Bangalore flats are priced anywhere between Rs. 3,000 to Rs. 4,000 per square feet.

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Tulip Infratech adds another feather to its cap, launches Tulip Violet at Gurgaon

Gurgaon, one of the most happening real estate destinations in the country, is witnessing the launch of yet another project. This one is by Tulip Infratech Pvt. Ltd and is located at Sector 69. Titled ‘Tulip Violet’, it is a residential project that is expected to provide numerous amenities for a peaceful living. Being located on the Sohna Road and very close to the IGI Airport in Delhi, it is expected to attract a lot of interest from buyers across the country.

Tulip Violet at Gurgaon

The basic plan consists of 3 and 4 BHK apartments, which are to be housed in four floors excluding the ground floor, with areas ranging from 1578 sq ft to 2010 sq ft. The well-ventilated rooms, separate spaces for wardrobes and electronic items and wide doors & windows will surely provide you an experience of a lifetime.

The other amenities include the provision of a dedicated car parking that includes both covered and uncovered, a swimming pool, walkways lined with trees, a temple and fenced parapets around the building. 24/7 facilities include power, security and water supply. 

The prices are also in sync with the current market trends in the area. The base price for the apartments starts at Rs. 6500 per sq ft. However, any preference for floor and orientation of the apartment will be an added price to this base rate.

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Land Acquisition for Outer Ring Roads

Land acquisition is the process of acquiring a land by central or state government for a wide range of infrastructure and economic growth initiatives. After the acquisition, the owners are adequately compensated by monetary benefits or are allocated land at a different location. Land acquisition in India is currently practised under the Land Acquisition Act, 1894. Since 2011, a new law has been proposed with amendments and is being considered as a new law  - the Land Acquisition and Rehabilitation and Resettlement Bill.

Currently, acquisition of land for the Outer Ring Road project has become a new trend in India. Outer Ring Roads are constructed with the objective of relieving the congestion within the city, and also as a landmark for urban growth and for development of further satellite townships

Outer Ring Road in Surat

Acquisition of land for the Outer Ring Road project in Surat is expected to start soon as possible as there are no objections coming from the farmers from whom the lands are acquired. The project is for Rs. 5000 crores, and is being developed by Surat Urban Development Authority (SUDA) and Surat Municipal Corporation (SMC).

The total length of the Outer Ring Road project is 66 km and the project will be carried out in phases. As per the phase I plan, Surat Municipal Corporation will develop 29 km of road stretch which will comprise construction of buildings up to 70 metres in height on both sides of the road.

Outer Ring Road in Chennai

CMDA is planning to develop an Outer Ring Road (ORR) along the dotted lines of Chennai Metropolitan Area (CMA) with the objective to minimize the traffic congestion in the city. A 62 km six-lane Outer Ring Road will connect NH45 at Vandalur, NH4 at Nazarathpet, NH 205 at Nemilichery, NH5 at Nallur and TPP road at Minjur.

The first phase comprises of a distance of 30 km connecting Vandalur and Nemilichery (on Chennai-Tiruttani highway), is expected to be completed by year-end. For this complete project around 750 acres of land have been acquired in two phases. The land is acquired from BH 45 to NH 205 for a length of 29.2 km, covering almost 29 villages and the possession is taken over by CMDA. The acquisition for the second phase is under progress from NH 205 to TPP road covering 27 villages.

The road’s configuration comprises a road and rail corridor. Out of the whole acquisition of 122 metres, a portion 72 metres wide will be occupied by the road and rail corridor. The remaining 50 metre-wide portion will be retained by CMDA for future developments. The cost estimated for the project is Rs. 1082 crores.

The project is to be monitored and coordinated by the Tamil Nadu Road Development Company (TNRDC) on behalf of the Government of Tamil Nadu. This project has been awarded to M/s GMR Chennai Outer Ring Road Private Ltd., for implementing the project in two and half years.

Outer Ring Road in Hyderabad

The Nehru Outer Ring Road is a 158 kilometre long 8-lane ring road expressway which is build by HMDA at a cost of Rs. 6696 crores. In addition, Rs. 3123 crores are contributed by Japan International corporation agency. A stretch of around 124 km covering urban areas like Hi-Tech City, Nanakramguda Financial District, Hyderabad International Airport, IKP Knowledge Park, Hardware Park, State Police Academy, Singapore Financial District, and Games Village has already been opened in December 2012. This provides access to NH 9, NH 7, NH 4 and state highways leading to Vikarabad, Srisailam, Nagarjunasagarand Karimnagar/Mancherial. The expressway is completely fenced and the 33 radial roads connect it with the Inner Ring Road and the upcoming Regional Ring Road.

The land acquisition was done in two phases. In the first phase, around 750 acres of land was acquired; out of which the private land acquired was 500 acres. The land taken for second phase is about 5,500 acres, out of which the Govt. land is about 1,000 acres, and the balance is the private land. The estimated cost of acquisition is Rs. 250 crores.

The Nehru Outer Ring Road aims to improve connectivity and reduce the traffic flow on the existing major arterials between the outer suburbs of Greater Hyderabad. Now, even the APSRTC is planning to build 22 terminals and depots along the Outer Ring Road.

Outer Ring Roads are changing the skyline of many cities and are becoming business hubs. They also play a major role in urban development. However, it is essential to compensate the farmers with the correct compensation, either by monetary benefits or by providing land in another location, to avoid any major objections from the land owners.

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Rajarajeshwari Nagar in Bengaluru – Developing Residential Locality

Rajarajeshwari Nagar is one of the fastest-growing residential localities in Bengaluru. Situated in the southern part of the city, it is commonly known as RR Nagar. It is named after the well-known Raja Rajeshwari temple located here, which was built in the early 1960s. Rajarajeshwari Nagar is 15 km from the City Railway Station, and about 40 km from the Bengaluru International Airport.

This locality has good road infrastructure and connects with the NICE road and other major outer ring roads and has excellent metro connectivity. The Bengaluru-Mysore Infrastructure Corridor (BMIC) is just 4 km from this locality and helps connects the major cities of Bengaluru and Mysore. Apart from that, the ongoing four-lane road constructions of NH-7 and NH-4 will further improve commuting for the residents of this locality. There are many BMTC buses which pass via Rajarajeshwari Nagar and connect with major areas of Bengaluru. Over the years, this has evolved into a very good location for middle income buyers.

Rajarajeshwari Nagar has all the basic civic amenities like 24-hour water supply, electricity, bus stops, shopping malls, colleges, hospitals, etc. As it is in close proximity with many IT/ITES companies and upcoming localities like Mysore Road, Vijaya Nagar, Chandra Layout, Kengeri, etc., professionals are attracted to this area as it helps them avoid commuting issues and have a good work/life balance. Thus builders in Rajarajeshwari Nagar have take advantage of this growing demand and have started many new constructions here.

Movies and shopping malls are the chief sources of entertainment for most of the people. Some of the theatres located in and around this locality include Eshwari Theatre, Vijay Theatre, Kamakya Theatre, etc. Some of the shopping malls found here include Gopalan Arch Mall, Brands & Bargains Pvt. Ltd., Tangent Furniture Mall, Brand Factory, The MatrixPlatz and many more.

The main attraction of this locality is the Jnanakshi Rajarajeshwari temple, which was built by the late Sri Tiruchi Swami. The temple is built completely of granite stone. It has 3 enclosures, with the main entrance having the Raja Gopuram measuring up to 108 feet in height. The temple’s serene and calm atmosphere makes it an ideal place for worship, and is one of the most popular tourist attractions of this area.

There are many schools and colleges in the surrounding locality which attracts the local population to invest in flats in Rajarajeshwari Nagar. Some of the educational institutes found here include Hill View Public School, Podar Jumbo Kids, Sri Jnanakshi Vidyaniketan, Swarga Rani School, Baldwin Co-education Extension High School and Carmel Academy. There are many food outlets in this locality offering different cuisines and exquisite foods like Royal Andhra Spice, Bangalore Biryani, 1947, Just Bake, The Up Cycle Café, Ammi’s Biryani, Kabab Mahal and Mirchi.

Rajarajeshwari Nagar has developed into one of the most significant areas in the southern part of Bengaluru. The locality’s close proximity with many developed and upcoming areas like Chandra Layout, Banashankari, Vijaya Nagar, Kengeri, BEML Layout, Nayandahalli, Outer Ring Road and the Mysore Road have in turn brought in more business establishments to this area. Proximity to the Bengaluru University Campus has also been an added advantage for the real estate in Rajarajeshwari Nagar. All of these factors have led to the advancement of the real estate values of this area.

Some of the well-known builders found in this locality include Century Real Estate, Ajanta Developers, Elegant Builders and Dhesi Estate, etc. Century Indus, Vajra Global, GRC Brundavan, Deccan Arcade, DRF Home 18, Skanda Shree Enclave, Everjoy Pratham, Mahaveer Trisha , Golden Tenet are a few of the upcoming properties in Rajarajeshwari Nagar. The highest locality price of residential multi-storey apartments in Rajarajeshwari Nagar is around Rs. 3605 per square foot and the lowest price is around Rs. 3430 per square foot. The average is around Rs. 3525 per square foot, and the return on investment has witnessed a decrease of 4% q-o-q in the month of June 2013. A mix of both affordable and premium residential houses is in demand in this locality. Riding high on infrastructure and connectivity, Rajarajeshwari Nagar is well-situated and attracts more and more working professionals from both Bengaluru and Mysore.

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Saket in Delhi – Premium Residential Area

Located in South Delhi, Saket is a well-planned residential colony. It is one of the NCR's upcoming and prominent suburbs. 'Saket' was another name for the ancient city of Ayodhya. It is known for its large sports complex, developed by the DDA in the 1990s, which covers an area of 18.5 acres. Being in close proximity to areas like Noida, Gurgoan, Ghaziabad and also the Indira Gandhi International Airport, has made Saket a prominent locality destination, which has caused great demand for property in Saket.

Primarily a residential area, Saket consists of Press Enclave and many residential blocks named from A to N. These blocks have a mix of multi-storey apartments, row houses and two-storey apartments. Of these, blocks B, C and D are Golf View Apartments, situated near the DDA Golf Course.
Saket has very good transport facilities and is easily accessible by both roadways and metro line. This locality is well-connected through the Yellow Line of the Delhi Metro. The 2 major metro stations found in this locality are the Saket-Malviya Nagar station, which is on Press Enclave Road, and the other is near the Mehrauli-Badarpur Road. Apart from this, Saket has very good bus facilities connecting major parts of the city. Good connectivity has indeed been a boon for the upcoming Saket projects and has increased the sale of the same.

Saket contains many localities and sub-localities. They are:

•    Hauz Rani
•    Malviya Nagar
•    Khirki
•    Sheikh Sarai Phase II
•    Kalu Sarai
•    Lado Sarai
•    Madangir
•    Begumpur
•    Mehrauli
•    Khanpur
•    Neb Sarai

The famous Saket Sports Complex boasts various facilities for cricket, tennis, badminton, gym, athletics, aerobics, swimming pool, table tennis and squash. Apart from this, there are many renowned schools and colleges in this area. Some of them include Apeejay School, Gyan Bharti School, Amity International School, Birla Vidya Niketan, Red Roses Public School, New Green Fields Public School, Amrita Vidyalaya, Kendriya Vidyalaya and Vidya Niketan Senior Secondary School. All these factors have made Saket property attractive as compared to other areas.

Saket is also rapidly evolving as a commercial hub, as there are clusters of retail outlets and office spaces in the community centre. It has emerged as one of the most expensive shopping and entertainment centres of the city. Being in close proximity to other major residential areas like Malviya Nagar, Sheikh Sarai, etc. has increased the shopping malls and retail outlets near this locality. Some of the shopping malls found here include The Square One Mall, Select City Walk, the DLF South Court, The Courtyard Mall, DLF Place, Lighthouse 13, the MGF Metropolis, etc. These factors play a major role in bringing up the value of Saket builders and properties.

Some of the residential flats in Saket launched in the surrounding areas include Anupam Apartment, Golf View Apartments, Ekta Apartments, Harmony Apartment, Shri Sai Shyam Properties, Solar Enterprises, Ashiana Housing Society, Gold Leaf Services, Vikas-Sheel Apartments, Gujarat Apartments, Arora Properties, DLF Capital Green Phase III, Priya Properties & Constructions, Diamond Estates and J.M.B. Estate. The highest price of residential multi-storey flats for sale in Saket is around Rs. 18010 per square foot, and the lowest price is around Rs. 14990 per square foot. The average is around Rs. 16490 per square foot, and the return on investment has witnessed a decrease of 14% q-o-q in June 2013. The average sale price for a commercial office space is around Rs. 26480 per square foot. Being an upscale locality, Saket has very high property values which are expected to remain high in the near future.

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Is it a Good Idea to Invest in Chennai’s new Residential Abode Selaiyur?

Selaiyur, once known as Silaiyur, is located on the Tambaram–Velachery road. This town is just 4 km away from Tambaram, and is famous for the Air Force station - residents of this locality are mostly retired Air Force people. The surrounding areas of this locality are Tambaram, Madambakkam, Rajakilpakkam, Sembakkam, Chitlapakkam and Medavakkam. The proximity to the IT corridor has brought Selaiyur into the real estate map of Chennai.

Connectivity

Selaiyur is very well-connected to Chennai city via rail and road. The nearest railway station is Tambaram, which connects to all parts of Chennai via Chromepet, Guindy, and Nungambakkam. To reach the IT corridor, one can commute via Velachery, which is just 15 kilometres from this place. The other transport modes found in this locality are bus and share-auto. Camp Road is one of the important junctions in Selaiyur, from where buses can be boarded to areas like Velachery, Thiruvanmiyur, Madipakkam, Vengaivasal, CMBT, High Court and Chengalpattu. Chennai Airport is 11 kilometres away from this locality.

Infrastructure

Social and Civic Infrastructure

Since this locality is near to Tambaram, accessibility to good schools, colleges and hospitals is possible. Some of the goods schools in this locality are Alwin Memorial Public School, Boaz Public School, Sitadevi Garodia Hindu Vidyalaya, Kendriya Vidhyalaya, Sankara Vidhyalaya, MAV School and Zion Matriculation School. Established colleges in this locality are Bharath University, Sri Lakshmi Ammal Engineering College and Indian School of Business & Technology. Well-known hospitals such as N. S. Hospital, Medicity Health Centre & Diagnostics, Sindhu Hospital and Hindu Mission Hospital are found in this locality. For shopping needs one can shop at Nilgiris Supermarket. Besides these, banks like Karur Vysya Bank, Andhra Bank, HDFC Bank, ICICI Bank have started their branches here. The well-known amusement park Kishkinta is 10 kilometres away from this locality.
This area has wide roads and the basic amenities like electricity and water is supplied by the Chennai Public Works Department (PWD) and the Tamil Nadu Electricity Board (TNEB) respectively.
 
Real Estate

The prime reason for real estate boom in this locality is the proximity to Tambaram and IT corridor. And of course the affordable prices when compared to neighbouring Tambaram and Medavakkam. Workforce working in these IT parks and companies are looking to invest here. Another reason for real estate development in here is the need for residential apartment in Selaiyur by the retired Airforce employees and the migrating crowd from others parts of India.

Builders in Selaiyur are coming up with new project to satisfy the requirement of the residents. Few builders are also looking at selling plot and lands in Selaiyur. Ongoing projects involve villas, apartment, residential projects and flats in Selaiyur. Few of the ongoing projects in this locality are: Peace Stone and Breeze Apartments by Cornerstone Foundation, VGN Milano Square by VGN Developers, Ruby Paradise and Ruby Grand by Ruby Builders and Trinity Grande by Trinity Empire. Based on the requirements of the customers, developers are providing amenities like Jacuzzi, huge living area to entertain guests, modular kitchen, CCTV, junior playground among others.
  
Price trends

Flats for sale in Selaiyur: There is a high demand for flats in Selaiyur and the ROI (Return on Investment) is witnessing 6% increase q-o-q. The highest locality price is Rs. 4000 per square foot. The lowest locality price is Rs. 3700 per square foot and the average price is Rs. 3800 per square foot. If one is interested in renting apartments in Selaiyur, he has to shell out Rs. 11 per square foot. Residential house rent is around Rs. 10 per square foot. The ROI for this residential house sector is witnessing a decrease of 9% q-o-q.

Prices of land are in an upswing as this locality is near to developed areas like Vandalur, Velachery and Tambaram. The residential plots in Selaiyur are ranging between 30 lakhs to some crores depending on the locality and the land size. Commercial land prices have sky-rocketed to crores, if the land is near prime localities.

Selaiyur is a good place to invest and looking at the trends which are currently on a high, it’s advisable to invest now to reap good returns in near future.

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Connectivity Pushing Realty Prices in Virar West

Virar is one of the prominent cities in Maharashtra, and is part of the Mumbai Metropolitan Region as well as Vasai-Virar Municipal Corporation in Thane District. The name originated from the name of Goddess Eka-Viraa and one can still find the ruins of Eka-Vira Devi temple on the banks of Vaitarna River. The slow and gradual transformation of Virar into a cosmopolitan city has resulted in the migration of residents from Mumbai city to residential projects in Virar West.

Transport and Connectivity

Investing in property in Virar West is a wise decision as this locality is accessible from Mumbai via the Western Express Highway which is just 5 km away. There is very good railway connectivity in Virar - the metro rail and Virar railway station provides respite to people from the daily traffic in peak hours. The skywalk near the railway station is uniquely built, as it goes right over the Totale Lake, situated in the backdrop of the huge VVMC Corporation building. A viewing tourist gallery is built in the middle of the 285 metre long skywalk, for people to have a look at the scenic beauty just above the lake. Several projects are in the pipeline which, once implemented, will definitely increase the demand for real estate in Virar West and will put Virar on the realty map of Mumbai. They are:

• Virar-Alibaug multi-modal corridor project by the MMRDA that, once completed, will provide connectivity to all national highways
• Churchgate-Virar elevated rail corridor
• Internal ring road
• Skywalks
• Conversion of internal road into four-lane road
• Churchgate-Virar Rail corridor

Education and Health Care

Since this locality is high on the real estate map, people who are interested in investing in Virar West property look for good schools, colleges and hospitals in close proximity. A few of the educational institutions found in and around Virar West include Tree House High School, Muljibhai Mehta International School, St. Xavier High School, Utkarsha Vidyalaya and Viva Institute of Technology among others. Apart from these, there are many reputed hospitals found in this locality, such as Jivadani Hospital, Sahyog Hospital, Aastha Hospital, Siddharth Hospital and Prathmik Arogya Kendra. Having excellent educational institutions and hospitals attracts lots of investors, thereby increasing the number of new projects in Virar West.

Entertainment and Places of Attraction

Being a coastal area, this realty hot-spot has no dearth of entertainment. This area is populated with beach resorts, amusement pa0 rks, recreation centres and sports clubs.


The residents of flats in Virar West can enjoy paragliding at Arnala Beach and Rajodi Beach, enjoy toy trains, giant wheel, water rides etc. in Yazoo Park and Great Escape Water Park. Apart from these, there are temples, churches and heritage spots in great numbers, which are visited by tourists from all over India.

Residential Projects

Virar West Properties for Sale

 Virar West has amenities like proper water supply, electricity, etc. apart from being centrally located to prominent localities and having good transport and connectivity. As this area is well-connected to areas like Thane, Borivali, Andheri, Kandivali, Mira Road, etc. via the western railway line, the demand for properties in Virar West has enhanced.  Witnessing the trend, many prominent developers have started their construction based on the requirement of the investors. Some of players are Rustomjee, Bhoomi Group, Ekta World, Poonam Group and others, who have projects in the area.  Some of the upcoming residential apartments in Virar West include:

•    Bhoomi Acropolis
•     Ekta Parksville
•     Agarwal Glory
•     Surya Kirti Height
•     Shree Shakun Greens
•     Viva City
•     Star Glorious
•     Ionic Ecocity
•     Rustomjee Gobal City
•     Parshwa Heights
•     Vinay Unique Gardens

Price Trends

The highest price of residential multi-storey flats for sale in Virar West is around Rs. 4700 per square foot and the lowest price is around Rs. 4106 per square foot. The average price is around Rs. 4403 per square foot, and the return on investment has witnessed an increase of 6% q-o-q in  June 2013. The average rental price for a commercial office space is around Rs. 6500 to Rs. 8000 per square foot, depending upon the location.

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Indian Realty Experiencing More Foreign Investment

Foreign Direct Investment (FDI) is an investment made directly into any production or business in India by a company or an individual from another country, either by purchasing the company or expanding the operations of an existing company or business. Foreign Direct Investments include acquisitions & mergers, building of new facilities, reinvesting profits from overseas, or any kind of property investment in India.

 

In India, foreign investment was introduced in 1991 under the Foreign Exchange Management Act (FEMA), by the then-finance minister Manmohan Singh. India has been ranked in second place by the Global Foreign Direct Investments, and is said to remain among the top destinations for international investors, according to the United Nations Conference on Trade & Development (UNCTAD). A foreign direct investor acquires the voting power in any enterprise by incorporating a completely-owned subsidiary or company in India or by acquiring the shares in that enterprise or by participating in equity joint venture with another investor etc. An NRI buying property in India is also considered to be an example of real estate foreign investment. 

Foreign Investment Promotion Board (FIPB)

The Foreign Investment Promotion Board or otherwise known as the FIPB is a government body which offers single window clearance of proposals on all the Foreign Direct Investment in India which do not have the access of getting approval through automatic routes. FIPB plays a mandatory role in the implementation and administration of Government’s Foreign Direct Investment Policy in India. It is said to have an excellent record of actively encouraging the FDI into the country via quick and transparent processing of all the documents and also in providing proper clarification. 

Latest Updates on FDI Policy in India

The Indian government has liberated FDI limits and rules in several sectors including telecom, oil & gas etc. This relaxation on most of the FDI has been made in order to bring in more capital inflows and also to prop up the sliding currency in India. The government of India has allowed 100% of FDI in Telecommunications, Commerce and other Industries. This move has allowed companies like Vodafone Group, Telenor, and Sistema etc to operate in India without having to form a partnership with an Indian citizen. Apart from this, the Indian government has been taking up initiatives for relaxation in FDI policies pertaining to real estate in India. With the reviving financial markets, and strong economic growth, India is slowly transforming into an investor-friendly property destination. It is estimated that FDI in India will rise by more than 15% in coming times, with regards to the policy initiatives undertaken by the Indian Government. Foreign Investment in India has increased by 6% year-on-year. Therefore, property investment in India is estimated to go up in the near future.

Indian Economy and Benefits of Foreign Investment

Foreign Direct Investment brings in lots of growth opportunities and advantages of cheap wages, tax exemptions etc. FDI inflow speeds the growth of GDP in India as huge foreign investments inject big cash flow in Indian economy. Foreign investment decreases the government’s expenditure as foreign companies with huge cash inflows invest in backend infrastructures and their business needs etc.

FDI usually increased the employment opportunities in India as with high FDI, the growth rate of industrial sector of India also increases as a result of huge employment opportunities.

FDI also brings in more & more real estate growth in India owing to the developing economy and as a result many properties in India are being purchased by NRI’s and other foreign investors.

FDI Trends in Delhi Real Estate

Real estate in Delhi has been attracting huge investments with the recent developments of FDI rules and events and it is estimated that the prices may shoot up in the near future. The Indian government is said to be working on 2 main bills, namely the Real estate regulation bill and also the Land acquisition bill. Apart from this, the government has also approved FDI in many multi-banded retail outlets and other investments in India. Therefore with the new foreign investments coming up, the prices are bound to rise, especially in the commercial property sector, which will directly impact on the residential property sector in India. 

Even though most of the prominent cities in India have been experiencing a price appreciation with regards to residential properties, Delhi, being the capital city has experienced the highest rise in property prices. It is said that real estate in Delhi has increased by up to 5 times within the past few years, with the more number of properties being purchasedby NRI in Delhi and its surroundings. The metro rail network in Delhi and excellent infrastructural developments has also been the major factors for booming real estate in Delhi. The real estate in Delhi is considered as the hottest property in the Indian market attracting more & more foreign investments in near future.

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