Property Rates

Indian Railways Plans Leasing Of Real Estate Assets

Indian railwaysThe Indian Railways plans to lease out some of its real estate assets and bring in Rs.600 crore as rentals, report media quoting F. Mehmood, a member of Finance of Rail land Development Authority. He said the Railways planned to lease 15 plots in different metros and tier-II cities on long-lease this fiscal and had selected 1,900 hectares of land for development. Most of the land would be leased out in the eastern region and 15 consultants had been appointed for the purpose. Mehmood said the land would not be leased out for residential purposes currently, but might consider about it if it came across good proposals. Source: http://www.rttnews.com

Real estate prices high along metro routes in Delhi

Real estate values have reached new heights along Metro routes in Delhi, a study has found, revealing that a Metro station in the locality pushes up prices by at least 22 per cent. At the ongoing Urban Mobility Conference in the Capital, Professor H M Shivanand Swamy of the Centre for Environment Planning and Technology (CEPT) in Ahmedabad said he has studied the impact of the Delhi Metro on real estate in three phases. “We researched the pre-construction phase (1990-1996), the under-construction phase (1996-2000) and the post-construction phase (2001-06) in Delhi. We found that property rates jumped significantly after the Metro began operations. There was only a slight increase in value in the two previous phases,” the CEPT’s associate director said.

Citywise property rates

Property ratesClick here to view the most up-to-date property rates in Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore, Pune and Ahmedabad. The rates have been provided by Jones Lang LaSalle Meghraj.

Mumbai Property rates

Mumbai realty ratesInternationally, suburban locations are formed and defined on the basis of road-travel time from the inner city. The concept of a parent city that spawns satellite cities is very distinct, with such satellite cities located anywhere between 25-50 kilometres from the parent city. Typically, such satellite cities are self–sufficient in almost all respects pertaining to lifestyle and social amenities. This cannot be said for Indian suburbs, which must be seen in close context with their parent cities. Rather, Indian suburbs tend to be the results of peripheral and are extensions of the parent city that grow homogenously. The growth story being told by Indian suburbs is more about the absorption of demand that spills over from saturated and therefore often infrastructurally challenged central locations that are paradoxically overpriced. In Mumbai’s real estate scenario, the suburban landscape has its stars as well as bit players that are gearing up for centre stage.

Delhi

Delhi - Commercial land value rises between 2001-02 to 2004-05 on 100 FAR deals




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