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Players of the Property Market in India

February 22 2012   |   Proptiger
India, the second most populated nation in the world is being considered as the fastest developing area of the world. The property prices has grown at a rocket's speed. Buying property in India has become a hot trend now a days. Everyone seems to be interested in buying some property. Even the farmers here in India are becoming richer day by day. They are selling out their ancestral properties to the Builders and real state companies. The real states companies are purchasing/acquiring lands of the farmers to build their Projects on these lands. Some lands were also acquired by the Government to set up some industrial units, Nuclear Plants and Housing Development Authorities. Property Markets in India can be classified into Residential and Commercial properties. In this classification we can, again classify the Residential Property in many areas; such as Premium/Posh Properties for the High Income Group, Properties Middle Class people and Properties for the Lower Income Group. Real State Companies in India are planning properties that can separately suit all the classes. Although the prices are rising very fast but one can invest wisely according to the opportunities. Some of the companies have launched projects which are planned and developed in collaboration with world's best Architects and Engineers and are very costly for the middle and lower classes. Actually these Posh area are designed to meet the needs of the business class and very high salaried Government and Private sectors' working group. These projects of high living standard are offering the things, a normal busy businessman is looking for. They are providing facilities such as Split AC's in Living & bedrooms, Modular Kitchen, larger balconies,Wide, illuminated internal concrete driveways, Ample parking, Parks and Amusements, Generators back up for common area and lift, Supermarket, Beauty parlor, Video Game Parlor, Grand porch lobbies, Tennis Court, Badminton Court, Beautiful Pathways, Jogging Tracks, Swimming Pool, Spa, Gym, Herbal Gardens and the best peaceful location for the Premium Housing Projects. Real State companies have also planned beautifully for the Middle and Lower income classes. Government as well is also preparing housing schemes for the needful under the Awas Vikas Yojnas. Some of the builders and Relators have launched and are launching such an affordable housing projects that will suit this class. They have created and designed and developed and dedicated these projects to the middle income group. Some of these projects are Vakil Housin's Whispering Woods Residences in Bangalore, Provident Welworth City in Banglore, Jaypee Greens' Aman in Noida, Unitech's Unihomes in Noida. Supertech's Eco Village 2 in Noida etc. These are the conditions of the Real State Companies and Builders' Property in India. But there is another big property selling group that are the Farmers/Owner of some free hold property and plots and flats, which they had bought earlier with a vision to re-sell and earn profit from it. They are slightly big in numbers but one must take care of the fraudulent activities while booking a deal with these reselling properties.



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