REALTY SECTOR SHINING AGAIN

OCTOBER, 2009

The G-20 summit held recently in Pittsburg (US) has given an open and enough indication of global economy is well set to its revival sprel. The would leaders seemed arguing in fabour of adopting some measure to regulate the banking systems world wide. They were jubilant on the fact that their economics particularly for US and Europe are recovering fact. Industrial out put in developed economics are on displaying an increase which certainly created many thousand job opportunities.

The Realty sector can hardly remain subdued and it also indicating a revival phenomenon. This has lid to create adequate demands in housings sector. Also, the decrease in interests of Bank Loans has created a genuine desire among the end users to own a house at the moment.

To attract customers, the builders, developers & realtors have revived their price regime and came out with affordable price tag of houses of flats. With a cut of 20% in price of the developing places and office space, the builders are once again witnessing their offer getting wide acceptance among the customers & investors.

Thus the residential property market has been driving this recovery. With 40,000 crore awarded by various departments to their officers & employees due to sixty pay commissions recommendations along with about Rs 4 lacs crore injected into the Indian economy as a special stimulus by the Man Mohan Singh government are clear indications that during the auspicious season of festivals, the housing property sector may witness a rise in demands of the houses.

One issue is well enough to gauge the sentiments of the market. The 12.65 lac applications against 5010 houses (units) which DDA offered in the current year, exhibits alloquantly how the market is looking upward.

The demand of one/two towers, consisting of 48 flats in each unit, by an investor in Gurgaon, gives an inkling of the second phase of reality boom knocking the door, particularly in the NCR including Gurgaon, Noida, Ghaziabad, Sonepat & even Bhiwadi (Raj.), are well on the revival spree in realty sector.

Actually, the cost of two bed-room in Gurgaon or Nioda for Rs 25,00 sq.ft. is based on the cost incurred on building 25 storied or even lesser building. The cost of land, constructing/building materials and other subsidiary charges including advertisements, external development charges, landscaping, marketing, interest on bank loan ect. Hardly comes out to sell flats at the limited cost of Rs 25 lac plus some other charges.

We, in the Tulip Infratech, are feeling much comfortable after a difficult phase is over. A new project in sector 69-70 in Gurgaon on more than 70 acres of Land which we have initiated just in the month of June. We are pleased to find more than 60 percent proposed flats have already been booked. There are 3 BHK (1137 sq.ft.) with basic price just Rs. 28.42 lacs and 3 BHK (1437 sq.ft.) has a tag of Rs. 34.94 lacs.

It may be mentioned here that in the neighbourhood on the Sohna road where our Tulip Orange project is ready to have a kick start, other builders are offering flats of the same size with a price tag of about Rs. 50 lacs or more. That is why our project is being preferred by the public and investors with a lesser price tag of houses.

Thus, stop thinking any more about other projects in Gurgaon. If you are a realtor focusing on achieving high turn over of profits, this is the right time to enter into realty sector for promoting better career prospectus and handsome gain in the investmen which you now plan to invest in realty sector.

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