Investing Trends

Commercial places at the western corridor of Pune are buzzing with existent estate activities. Near about all the big IT companies of Republic Of India including Infosys and Wipro have got opened their software system development installations in the area. International IT and ITes giants are also scouting for commercial place in the country quite aggressively.

Basically, this emerging image at the peripheral locations of Pune started with the building of Rajiv Indira Gandhi InfoTech Park at Hingewadi. The successful completion of the undertaking not only established Pune among the most sought after locations for engineering major league but also catalyzed the commercial existent estate scenario in the city.

Definitely, Hingewadi is an ideal topographic point for any concern conglomerate. The location is suitably connected with the commercial hubs of Mumbai and Bangalore with Mumbai-Pune and Mumbai-Bangalore Expressway.

On the other hand, the place values at Hingewadi are also quite low in comparing with the other premier commercial locations Pune.

According to the place traders active in the area, more than than 90 per cent of the commercial business office space in and around the peripheral locations like Hingewadi is absorbed by IT and ITeS companies.

With such as trends, the existent estate developers also have got launched commercial undertakings in the area. Keeping in head the involvement of corporate participants in establishing their operation centres here, the developers are pretty positive about the new projects, said Rajesh Marwah of Pune Properties.

He pointed out that the volume of building activities in the part is enormous. As per the marketplace reports, about 50 per cent of the sum business business office space projected to be supplied in Pune would come up up at these peripheral locations only.

According to sources, the norm office space leases at Hingewadi hover between Rs 20 and Rs 35 per square ft per month.

In the end of 2005, the employees of Moscow's real estate agency Penny Lane Realty encountered the unexpected problem. Daily people called company with the question :

In the end of 2005, the employees of Moscow's real estate agency Penny Lane Realty encountered the unexpected problem. Daily people called company with the question : "I want to purchase an apartment and immediately rent it out to clients, who I can talk to?" The answer was not easy, because sales and rent in Penny Lane Realty are responsibilities of two different departments. As a result for people involved in this type of situation company gave out a special phone number, which did not stop ringing the entire following year. Penny Lane Realty employees they were very proud of the way they resolved this problem, but suddenly bells ceased.

Number of people who desired to become private investors in real estate nowadays are very limited, and many of those, who were involved in this business past years, are now parting with the last properties they own, because the apartments in Moscow for rent are no longer bringing huge and stunning income gains in tens of percent annually as it used to before. Last week for the first time investments into real estate yielded in the plan of profitableness to long-term deposits into the banks.

Real estate market hustlers depart, prices of real estate in Moscow are reducing - even if it just a little, but for a few months in a row. It seemed this was the desired results for Russian government, that this was what most of the Russian middle class wanted, which in had no way to allow themselves to purchase new apartments, after the last year's jump of prices. But real estate experts are calm - in their unanimous opinion, the only consequence of present "stagnation" will be the clearer price separation of the apartments in Moscow into the elite and of the economy-class. The latter will fall in price, but not too much. There was no bubble, therefore, it won't burst. It turns out, "valid" price on the real estate, which is not influenced by the investors, who purchase entire houses, but only by demands of future tenants and the proposal of builders - is not too differed from "invalid", black market price. As one of the salesmen of real estate cynically noted, "Moscow still lags on the average price of the apartments behind New York or London". Principally situation will change only, if many new houses appear on the market - but there are no prerequisites for this.