Real Estate

Real estate market in India has witnessed huge uptrend in the last decade that even the interior part of the country witnessed vibrant activity. But the sector has been witnessing sluggishness for some time yet the prices remain strong.

However, the performance in the latter half of 2012 sent out positive signals and the start of 2013 is quite encouraging. There seems to be improvement in construction activity and buyer interest.

What is it?

Real estate, in real terms, is generally an immovable property that comprises land or land and the buildings. Natural resources may be attached to it. The real estate business is the profession of buying, selling, or renting land, buildings or housing.

It is a legal term in some of the developed countries such as the US and the UK. While the real estate had evolved to a higher level in the developed nations, it is yet to pick up strongly in India and some other developed countries.

It is common practice in our country for the people, rich and poor, to acquire land as a form of wealth. Corporatization has been happening for some time now in India but the lack of effective real estate laws remain a stumbling block for growth of this sector here and in many developing countries as well.

Globally, real estate professionalism has taken its place in many advanced economies and many instruments such as mortgage are available as the source of capital for purchasing and improving land and buildings. These facilities may be the most privileged activity in some of the developing countries or these may not be in vogue at all.

Economically, real estate is the second highest contributor after agriculture to the GDP and its growth in India. The sector is said to generate huge employment in the country apart from modernising the living condition of the state.

Land

Land selling and buying has been existing for long and been the most preferred and practiced activity in India. Residential dealings have been the regular trend until two decades back. But globalization and industrialization efforts since early nineties have turned upside down the fortunes of the real estate sector with huge need for lands for industrial purpose and many realty corporates came up in this space.

Commercial :

Previously, commercial space used to be small outlets for shops. But post-liberalization, things have changed completely. Mind capturing structures have been necessitated in addition to brand awareness and promotion programs.

Entry of more international brands into the country and their big-bang promotional activities pushed domestic stalwarts into move vigorously towards strengthening their position. Thus the requirement for commercial space increased. Even tier 1 and 2 cities started absorbing more commercial spaces as spirit of metros oozed into those cities.

Residential :

As industrial and commercial space witnessed busybee activity, simultaneous bubble could be seen in the residential deals. There was a rush in land buying with the per capita income improving notably.

Industrial :

With the advent of IT boom, demand for commercial real estate rose phenomenally over the last decade. There were lease, rental and acquisition activities, mainly in metros. The companies like IBM, Microsoft, Cognizant Technology Solutions, Google, Yahoo, etc. have been in the hunt for land to set up their offices. Some of them have even put up their units in tier 1 & 2 cities such as Pune, Bhubaneshwar, Coimbatore, etc.

Many industrial groups started exploring global businesses as a result of which expansion activities happened. They started searching locations in the country to set up their new manufacturing units.

Building

While buying interest for the land with investment intent was growing all over the places, there was also inclination among the population to invest in buildings - independent houses and apartments. The intent was stronger in the metros, especially for apartments.

In the commercial and industrial sector also, some of the parties involved preferred ready-to-occupy structures.

Commercial :

• Residential
• Industrial

Infrastructure

• Industrial
• Logistics
• Public

Interior/Exterior

Interior designing is a job of converting the interior space of the building into suitable one for a comfortable and attractive living area. An interior designer is one who will develop concept, liaise with the project owners and the management and execution of the design.

There is a huge difference between the interior design profession of the past and the contemporary. In the earlier years, there was no separate department as interior designing and everything about building was taken care of by the civil engineer as even architects were not existing or not that prominent. Later, when architecture evolved as a profession, this segment moved as a part of architecture.

As the society witnessed development on the economic front and the attitudinal change in the minds of the people, the interior designing profession also transformed with a focus on effective use of space, user well-being and functional design. Architects used to be interior designers themselves in ancient India as the references of Vishwakarma, the architectural God in Indian mythology, and the olden day sculptures revealed.

It is being told that interior decorating emerged as a profession in the Western countries towards the end of the 19th century. But it took more than a century for it to evolve in India.

Exterior designing is catching up in the current decade as people started giving attention to the appearance of their entire building. Now it is gaining significance as to external area of the buildings being given a special shore-up.

Building Materials & Products

To complete a building, umpteen number of materials are required – right from sand, brick and cement. Not stopping here, many newer materials have been introduced every now and then. Emergence of concrete technology led to use more steel in the construction industry.

Many changes have occurred in the building market as the living comfort gained significance. As a result, tiles – ceramic, marble and granite – have become the order of the day and granite kitchen tops have become common feature with many of the builders and buildings.

Awareness about safeguarding environment also helped introduction of compatible products. UPVC doors and windows may be one of those products.

• Construction Equipment
• Technologies
• Home Loan

Home Insurance

For many years, insurance used to be considered unnecessary expenditure. But it has caught up with the newer generation, may be, due to tax benefits.

Hitherto, insurance was largely meant for mainly vehicles and life. But transformation took place in the insurance sector also with the entry of private players. And the insurance schemes branched out to many areas to protect health, household articles, business, travel, buildings, etc.

Now home insurance is a common feature when one buys a new house. Home insurance protect one’s home and personal property against liability for accidents or damage to property and people.

Building Insurance:

The policy covers the structure of the house - the actual walls including fixtures and fittings, garages and outbuildings. The insurance is offered per reconstruction value and not per market value. Reconstruction value is the cost of rebuilding the property, including architect and surveyors fees, and the cost of clearing away the debris and meeting any new building regulations or by-laws.

Content insurance:

The policy covers the household belongings that are movable. This insurance is calculated on market value based on its demand and supply after excluding its depreciation value.

Comprehensive insurance: The policy covers the building, your personal belongings, third party liability and additional living expense.

Happy Home Grahapravesam 2013

Happy Home Grahapravesam is back...! Buy a Home; Perform Grahapravesam; Live Happy is a dream of many a common man. Making it happen is the objective of Happy Home Grahapravesam 2013 the grand property expo brand from B&C Expo. It is back Venue of the Fair…rnrnAfter three successful editions, the fourth edition of Happy Home Grahapravesam 2013 will be happening at Chennai Trade Centre, Nandambakkam, Chennai.Given the fast expanding Chennai, the venue is ideal for both exhibitors - namely builders and building materials suppliers - and the public. It is a strategic location accessible from any part of the city through wide roads from all sides and a convenient place for outing as well.rnrnTaking place when On an auspicious morning of June 21, 2013, inauguration will happen. The show will be held for 3 days June 21-23, 2013.rnrnParticipants and their role Builders, Real Estate Developers, Home Loan Providers, Interior & Exterior, etc. as Exhibitors can take up Stalls.Stall specifications…rnrnFully air-conditioned;rnStall Size (in m, sqm): 4x2=8, 3x3=9, 3x2=6;rnRates (per sqm): Rs 8,000 + 10.3% Service Tax Why this Fair Locating and converting a potential buyer into a client is not an easy task in any form of marketing and it is even tough for the suppliers in the building industry as the requirement or demand is created once in lifetime or rarely otherwise.rnrnThe demand for the product may be meagre and the sparse crowd of potential buyers are normally scattered. And these buyers are also left in the lurch while locating a suitable supplier of his/her residential need.rnrnHappy Home Grahapravesam 2013 comes in here. The Fair takes the responsibility of bringing the builders and tiny groups of buyers and making them meet, all under one roof thus making their task much easier.rnrnFruition of the FairrnrnBuilding up Brand ImagernAcross-the-counter salesrnFeeling the pulse of the marketrnGenerate media coveragernLaunch new productsrnEntertain prospective customersrnCollect high quality leadsrnEducate prospects Now the exhibitions that bring closer the industry players to the public.

Publications

To see the details of publications

VGN New project

rnVGN HOLIDAY HOMES ON ECRrn rnVGN Developers Pvt. Ltd., today announced the launch of their prestigious residential project, VGN Coasta on the East Coast Road (ECR). The luxury offering from VGN was launched this evening at the hands of the players from Chennai Super Kings (CSK). VGN is one of the prime sponsors of the CSK team.rn rnVGN Coasta, coming up at a cost of Rs. 130-cr, is located opposite to MGM Dizzee World on the ECR, halfway between Mahabalipuram and Chennai. It will be a unique luxury residential development spread over 2.17 acres with 87 apartments in 16 floors. This Project is positioned as holiday homes where the homes are designed with comforts of a five star hotel like restaurant, spa, Laundromat, Mini theatre, pool, gym and indoor games facilities.rnSpeaking on the occasion, Mr. Pratish Devadoss, Managing Director, VGN Developers Pvt. Ltd. said, “VGN Coasta is positioned as holiday homes, targeting the HNIs who would like to relax in the weekends. VGN Coasta has been loaded with all facilities to give a 5 star hotel experience at home. Owners have to check in, relax and rewind and have fun. Hope this project will set a new trend as Holiday homes”rnrnCosta will be ready for occupancy by 2016rn rn

Casa Grande launches

Casa Grande Platina encompasses 26 spacious 3 BHK apartments spread across six blocks. The apartments are available on various sizes from 1480 sft to 1652 sft. The Apartments will feature amenities like 2 Exclusive Covered Car Parks, 24x7 Power Back-up, Intercom, CCTV Security, Gym, Games Room, Party Hall and Children’s Play Area.