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Owning an Apartment in Burj Khalifa Cheaper than Owning a Property in Central Delhi
An apartment on the 100th floor of ‘Burj Khalifa’, the world’s tallest building and one of the most-sought after addresses in the world today, comes at a price of Rs 38,000 per sq ft. But if you think that’s a soaring price, consider this: desi realty rates beat that by a mile. The rates of apartments on Prithviraj Road and Aurangzeb Road in central Delhi are much higher. The per sq ft rate of apartments in Marble Arch and Tata Apartments on Prithviraj Road is around Rs 65,000 per sq ft. Similarly, Ansal apartments on Aurangzeb Road have a price of Rs 55,000 per sq ft, said senior broker Hemendra Sharma.
In Vasant Vihar and Chanakya Puri in South Delhi, apartments built on smaller plots of 400-800 sq metres are commanding prices of around Rs 45,000 per sq ft. In fact, there are not many luxury condominiums available in central and south Delhi. However, there are several bungalows on independent plots of around three acres with a permitted area of construction of 3500 sq ft to 10,000 sq ft. These plots are commanding a price of Rs 200 crore to Rs 500 crore. So the per sq ft cost of these bunglow comes to a whopping Rs 5 lakh per sq ft.
Condominiums in Mumbai are even costlier. The per sq ft rate in Mumbai’s NCPA Apartments at Nariman Point is between Rs 90,000 and Rs 1 lakh! Till date, the highest per sq ft rate paid in Mumbai stands at Rs 97,842 for a four-bedroom apartment at NCPA Apartments in 2007. This is the highest rate paid for a residential unit in the history of Indian real estate. In July-August last year, an apartment in Maker Tower B, in Cuffe Parade, sold for around Rs 93,000 per sqft.
Project Brief :- AIA Engineering is expanding its steel casting capacity near Odhav Road in Ahmedabad Gujarat.
Project Summery :- AIA Engineering is expanding its steel casting capacity from 21000 TPA to 93800 TPA near Odhav Road in Ahmedabad district of Gujarat with an investment of around Rs. 200 million. As of November 2009, work on project is in progress and is scheduled for completion by end of 2010.
Pavan Estate Management Consultants is one of the top Real Estate Agents in Ahmedabad, India. Once you come in contact with the professional team, you will look no further. Pavan Estate Management has affluent knowledge in, Sales, Buying, and Rental Deal for Land, Plot, Bungalows, and Commercial Premises for more than two decades in and around Ahmedabad and in various places in Gujarat. We can advise you on the best structure to set up the purchase or sell of your property in individual or company name, valuations, and administration just to mention a few aspects.
For More Details Contact on: G.F- 12, Rajvi Arcade, Near Kamala Kamdhenu Hall, Opp. Gurukul Temple, Drive-in Road, Memnagar Ahmedabad-380052
Contact Person : -Mr.Ramjibhai Patel (o) : - 079-27481453/27481563 (M) : - 09824099490/9924099490 E-Mail id : - pavanestate@yahoo.com/pavanestate.ahmedabad@gmail.com
Ahmedabad is the largest inland industrial centre in western India and has served as an important base of commerce, trade and industry.
Ahmedabad has claim to fame came for being home to the first Indian textile mill known as the Ahmedabad Spinning and Weaving Company Limited. A series of textile mills including the Calico Mills in 1880 and many such textile mills are part of its legendary status. Arvind Mills, one of India's leading composite manufacturers of textiles is headquartered in Ahmedabad.
Chemicals and pharmaceuticals industry also thrives in Ahmedabad. Americos Industries, specializing in production and marketing of high quality products like enzymes, garment wash, auxiliaries, smart colourants and dyestuffs has its headquarter in Ahmedabad.
Zydus Cadila and Torrent Pharmaceuticals, leading pharmaceutical companies in India have their headquarters here. Paras Pharmaceuticals, a reputed health and personal care company that manufactures products for day-to-day health and hygiene has its manufacturing plants located near Ahmedabad.
The city serves as the corporate headquarters of the Adani Group, which is a leading multinational trading company with revenues of $3.5 billion. The Adani group's core business includes commodities trading, edible oil manufacturing, industrial construction, Mundra port operations and distribution of natural gas.
The corporate headquarters of the Nirma group of industries which manufactures products ranging from cosmetics, soaps, detergents and salt and runs a large number of detergent and chemical industrial units is in Ahmedabad.
In the recent times, IT and IT-enabled services (ITES) and Business Process Outsourcing (BPO) companies have preferred to set up and run their offices here.More than 40 companies, including Microsoft and Tata Consultancy Services (TCS), which is part of Asia's largest conglomerates and most respected groups, are already present at Creative Infocity.
Some foreign companies have set up their sales offices and production facilities in Ahmedabad Prominent among them are Bosch Rexroth; Germany, Stork, Rollepaal and Johnson Pumps. In the power sector, Torrent Power Limited, a part of Torrent Group is an integrated electricity generation, transmission and distribution utility. It is the sole distributor of electricity to cities of Ahmedabad, Gandhinagar and Surat.
Ahmedabad has two local FM stations. Satellite radio was launched in the city by WorldSpace in 2005. A network of optical fibre cables connects the entire city. The city's telephone service providers are landline and mobile operators like BSNL, Reliance Infocomm, Airtel, Hutch and Tata Indicom. The Gujarat film and television industry is also coming up.
Investment opportunities and real estate growth have encouraged any banks and Housing Finance Companies (HFCs) to start operating from Ahmedabad. Bank of Baroda established its first branch in Ahmedabad. The Cosmos Co-operative Bank Ltd (Cosmos Bank) one of the oldest .Urban Co-operative Bank in the India which offers core banking solutions has a branch in the city.
It takes a lot of effort on your part (but a guru or two can help)
It amazes me how many people get started in real estate investing, only to fail when the going gets tough. As soon as someone discovers they can't get rich in a week or two, they are on to the next “hidden guru” secret. It's the same as weight loss - everyone talks about it, many try it, but few succeed. There are thousands of “get rich quick” and “get slim quick” gimmicks. No wonder both the real estate investing information and weight loss products industries make BILLIONS! Weight loss isn't easy… ask anyone who has tried it. However, the concept of weight loss is very basic - burn more calories than you ingest and your body will react accordingly. Unless you have a medical disorder, this formula works for just about anyone. Simple as it may be, the formula is HARD, meaning it takes a lot of DISCIPLINE AND HARD WORK. So, the weight loss industry has offered us thousands of ways to make it easier. Many of these solutions do work, but they only work if you put forth effort.
Now, let's start with the premise you don't need any of these “solutions” to make real estate OR weight loss work for you. You can eat less calories, go walking or jogging every day and you will lose weight. But, having knowledge of the caloric content of different foods is relevant. Also, for many people, knowing the carbohydrate content is relevant. Having the advice of a physician, dietician and personal trainer will help you prevent injuries and maximum your effort.
Same principle applies to real estate - you can go out and make hundreds of offers to motivated sellers and find a good deal. However, having information about how to solve the seller's needs and construct an offer will help. Having an attorney, real estate agent or “guru” to assist you with constructing the offer and the paperwork will make it easier. Having advice from other people who have already done hundreds of deals will also make it easier for you to learn from other people's success (and failures). However, whether it's weight loss or real estate, the bottom line is not just knowing, but DOING. You can't blame the diet if you don't stick to it. Many people have successfully lost weight using the ZONE, WEIGHT WATCHERS, ATKINS and other similar plans. Many people have succeeded with the famous “guru” plans, but many have failed, likely because they didn't give the required effort, NOT because the plan isn't effective.
The economy of Ahmedabad is exhilarating due to the huge growth in the industrial sector and of late the service sector. Real estate demand of housing, commercial and retail space is on the rise as builders in Ahmedabad work on major developments. All categories of property needs are being catered to.
Both the industry 'entrepreneur fraternity' and the State Government are joining forces to give Gujarat a stable economic background and present it as a model state. A general 'feel-good' mood can be felt in the market conditions in Ahmedabad too.
- The declaration of Ahmedabad as a mega city in the last Union Budget has also provided a fillip to the real estate activity, generating greater confidence among the developers. The Central Government had announced that it will invest Rs. 5,500 crores across seven mega cities in the country and liberalization in tax policies.
- The Gujarat Institute of Housing and Estate Developers has shown keen interest in promoting Ahmedabad as an investment destination.
- Among the nine special economic zones (SEZs) in the proposal that has been cleared is a Bio-pharma park on the outskirts of Ahmedabad.
- The influx of companies, retail chains and IT parks has necessitated construction of more buildings in the coming years and more real estate is being acquired by developers.
- The existing BPO industry needs to get bigger, according to some real estate analysts. Hence more initial capital investments of around US $10-15 million should be made and led well by strong management teams.
- The malls under construction can easily boast of a budget of approximately Rs 20-50 crores in investments. The total investment in malls over the next couple of years will be to the tune of Rs 700 crores.
- The Sabarmati River Front Development (SRFD) project will focus on improving environment, infrastructure development, public amenities and land development. The revenues will be used for paying debt through the sale of reclaimed land and real estate developed on the Sabarmati riverfront.
All of these developments augur well for real estate investing and selling, buying and leasing in Ahmedabad. Besides, a number of projects in the hospitality industry, sewerage system, educational institutes and others will give the city a facelift. Ahmedabad real estate scene also lends itself to new models including mixed use developments and service apartments. In the years to come, there will be a profusion of choices in real estate in the categories of residential, rental, office space and retail.
