Property
India is one of the fastest growing economies in the world and gradually transforming itself from a developing nation to the developed nation category. No economy can be termed as developed economy, unless, it’s Infrastructure and Real estate sector is robust enough to carry the burden of ever-growing population. India’s GDP is all set to grow at a steady pace of 7-8%, in next 5 years, and all thanks to the fastest developing Real Estate & Infrastructure sector.
Our property search option will help to provide best services to all our prospective customers interested in Residential property, commercial property for sale, purchase and rent. Customers can choose their property according to their specification and can get in touch with the owners/landlords/ etc through our interactive services like SMS and e-mail, in any part of the country.
We aim to reach every prospective customer of Real estate in India, with reach in almost every part of the country, be it Metro/ Tier I/Tier II/ Tier III city.
Residential Property
Property which is zoned for single-family homes, multi-family apartments, townhouses, condominiums, and/or co-ops. Residential Property is a property, which is predominantly used for domestic purpose and for one,’s living. The term Residential Property is used for independent house, bungalows, multi-story apartment, villa etc.
Commercial Property
Real estate zoned for business or industrial use. Commercial Property is a property, which is used to carry out commercial activity / business activity; like office, shop, godown, warehouse, Hotels, Hospitals etc.
Agriculture Property & Land
Any part of land which is used for the purpose of agricultural output and is not diverted for any other use is called a “Green Land” or Agricultural land.
Condominium / Condo
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece.
Condominiums are more commonly known as "flats" in India. This type of housing is very common in larger cities like Delhi, Mumbai (Bombay), Kolkata (Calcutta), Bengaluru (Bangalore), Hyderabad and Chennai (Madras) but are not commonly found in Semi urban and rural areas. In India, they are registered as "co-operative housing society" rather than condominiums in that the owners actually have a share of the co-op and not the actual real estate itself. Owners can sell the "share" in the open market, but they must receive approval from the co-op to complete the transaction.
- Duplex A duplex house is a dwelling comprising two units on two different floors. The term "duplex" can also be extended to three-unit and four-unit buildings, or they can be referred to with specific terms such as Triplex and fourplex or quadplex
- Flat An apartment, or flat, is a self-contained housing unit that occupies only part of a building. Such a building may be called an apartment building, especially if it consists of many apartments/ flats for sale or rent. Apartments may be owned by an owner/occupier or rented by tenants.
- Studio Apartment A studio apartment, also known as a studio flat, efficiency apartment or bachelor/bachelorette style apartment, is a self-contained, small apartment, which combines living room, bedroom and Kitchen into a single unit, barring a bathroom.
- Service Apartment A serviced apartment is a type of furnished, self-contained apartment designed for short-term and long-term stays, which provides amenities for daily use.
- Penthouse Apartment A penthouse apartment or penthouse is an apartment or condominium which is a single dwelling that is on one of the highest floors of an apartment building or condominium. Penthouses are typically differentiated from other apartments by luxury features. In architecture, the term penthouse is used to refer to a structure on the roof of a building that is set back from the outer walls. These structures do not occupy the entire roof deck.
Facts about Real Estate Sector
- According to 10th (5 Yr Plan), there is an acute shortage of 22.4 million dwelling units in India and with assumption of 1.5% increase in population year on year basis, we expect the shortage to be of approx. 80-90 million in next 10-15 yrs. Out of this major demand will be in middle and lower income group of India. To support this development, Government of India has already announced various Tax-exemptions and benefits to the developers focusing in this category.
- The research shows that out of total sq.ft developing in India, roughly 75-80% belongs to Residential property space.
- India’s economy has always been driven by strong agricultural output and agriculture contributes heavily in India’s GDP directly and indirectly. Agriculture incidentally is the highest employment generating sector in India followed, closely by the Real estate sector which comes close 2nd.
- Housing Real estate sector, incidentally also contributes close to 5% in India’s GDP numbers and it is, expected to rise to 6% in next 5 years, if we manage to get 7-8% growth in GDP numbers.
- FDI in fiscal 2008-2009 in Real estate sector is US $12.62 billion and expected to rise to US $ 20 billion in the fiscal yr 2009-2010.
- The average age of a new homeowner in India is now 32 years, which was 45 years, a decade ago. Economic prosperity with change in attitude and liberalized FDI regime has all contributed to this huge change.