REAL ESTATE
 


The best is yet to come
Rajan Sharma bought 4,000 square feet (372 square metres) of office space on the outskirts of New Delhi, for Rs 2,900 ($65) a square foot in 2002 and hasnít stopped grinning since. 



  • New economy
  • Services sector
  • Key facts On Indiaís booming property market

Home on course
New residential projects promise in-built golf courses, says Ruchika M. Khanna
N
ovelty
is the buzzword for the new housing projects coming up around Chandigarh. In an effort to wean away customers from the luxury apartments and penthouses on the periphery, the late entrants on the periphery are now coming up with residential projects that have inbuilt golf courses. This US concept is finally coming closer home as Collage Group, Omaxe, Timber Trail group and ATS ó all are now trying to woo investors by offering a haven with a perfect view of the greens.

Delhi residents throng private colonies in Rohtak
Locals consider HUDA colonies a safe bet, says Raman Mohan

Residents of Delhi have booked an overwhelming majority of plots in the two residential colonies floated by private land developers here. However, the locals have shown little interest in the two projects floated by Suncity and Omaxe groups. Initially, the two companies were offering plots on pre-launch rates, which hovered around Rs 5,000 a square yard. Later, after the two companies officially acquired the licences, the rates were jacked up to Rs 7,500.

Apartment's area holds the key
Jagvir Goyal lists out 6 types of areas for prospective buyers
R
ealty
boom is on. Countless builders have launched their housing projects in areas around Chandigarh and Delhi. Newspapers run full-page advertisements. A host of attractive facilities are on the list. Also, best finishing specifications are chosen by the builders. Looking at the offered areas of the flats, prices too look competitive. Then where does the catch lie?You have guessed it right. It lies in the areas. 
Include cost on laying foundation stone to calculate depreciation

 

 

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