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CHENNAI.....Good investment opportunities in all the segment of the city. Commercial rentals is on fast trek. Residential segment also having very good demand from rural areas. Outskirts of the city is now more costly then CBD residential areas.   AHMEDABAD..... ..... Huge NRI funds were recently invested in residential segment of the city. Commercial too is feeling the heat. Residential rates are marginally up by 20% since last quarter. The trend is likely to continue.   BANGALORE...... ...IT and ITES are again in the buying spree. Residential complexes are getting good demand. NRIs investments are up again. Service apartment concept is catching up in the city. Commercial lease rentals are rising.   PUNE.... ... Pune is poised as IT centre by the developers. In fact many leading IT brands are in the city. It has enhanced the residential rates. Outskirts like Viman Nagar, Pimpari and Chinchwad also now having great demand. Good time ahead.   DELHI .... ...The market is slow for residential units. Noida and Gurgaon also have touched historic level. New zones are in the competition. Faridabad and Merut along with Rohtak are busy catering for demand in Delhi and NCR    MUMBAI.. ..... ..Realty Fund and investors of large real estate holdings are still maintaining the price level. Developing zones are feeling heat. Small pocket developers are also panic in the market. Residential prices stagnated as of now.

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Mahindra to develop SEZ near Lonavala ropes in MIDC

By Staff Reporter

Mahindra & Mahindra (M&M) plans to set up a special economic zone (SEZ) in Maharashtra in association with the state government‘s investment arm, Maharashtra Industrial Development Corporation (MIDC), reports Business Standard.

The SEZ is the auto majors third such project in the country and first in the state will come up at Karla near Lonavala. The company and the state administration did not dislcose the details of the SEZ projects.The Centre had last week cleared investment of Rs 100,000 crore for setting up SEZs, having a total area of 40,000 hectares. The SEZs have the potential to generate 500,000 jobs. Reliance Infrastructure, Bajaj Auto, Bharat Forge, Biocon, Satyam Computer, DLF Universal, Jubilant Organosys and Adani group are some of the major companies coming up with SEZs.

The M&M group has already completed a SEZ in Chennai and is currently developing another in Jaipur. The Chennai SEZ is spread over 1,400 acres built in partnership with Tamil Nadu Industrial Development Corporation (Tidco).

As far as investors and speculations are concerned, the situation is different from 1995 boom. Actual users are having money to save under the Income Tax exemptions under Housing Finance schemes. Going in for second home instead of paying taxes is a better option. Salaries are rising and easy home loans are available hence the affordability have increased many folds since 1995. Only hitch is margin money for fill the gap between Loan to value and Actual value of the property. This also is not great hurdle since private finance and institutional finance options are available.

REITS and mutual funds will certainly fuel in the property market will hold its value for next three years when bifurcated supply comes in the real estate market. Hence she will continue to grow as of now. A small correction phase is eminent when investors roll over the settlements but it will be a minor correction.

Posted on 19th May 2006