With the booming economy and a vibrant market fueling the infrastructure atmosphere. Delhi is fast catching up with other cosmopolitan cities of the world in the real estate zone.

Real estate has grown by leaps and bounds and with the commonwealth games set to be held in Delhi, in the near future, it has lot of work to catch up with. The past year has also seen Delhi rising as the costliest commercial place in India, comparable to that of other economic super power nations like the united states of America and Great Britain , etc. Prices at commercial areas like Connaught place and Karol Bagh have seen a steep climb. Most of the developers concern on building residential areas like flats and bungalows in the outskirts of Delhi due to the paucity of land areas. As a result,the nearby cities like Noida, Gurgaon and Okhla is making use of this golden opportunity. Greater rise in the number of upper middle class family has catalyzed this need as most of the flats caters to this section with facilities like air conditioned rooms, modular kitchens ,2 to 3 bedrooms, green areas fulfilling most of the requirement.

Other sectors than residential areas is the mushrooming of Resorts, Spas,Golf courses in the surrounding areas of Delhi. This is another interesting aspect where it has lot of scope for future developments and expansion plans. Being the capital of India, Delhi attracts a major portion of the tourists visiting India. Due to this the real estate is in a win-win situation with both the government and common people asking for more infrastructural developments in the capital. The growing influx of people from other states for work or study related purposes has further bludgeoned, the teeming population of the capital. The best example is that of outstation students studying in various colleges of the Delhi University. With very few real estate developers taking their plight for building more residential areas, it has led to acute shortage of accommodation in the region. It is this major point which the real estate developers of Delhi has failed to notice for so long.

Another interesting point is the failure of the real estators(read both developers and provider) to meet their shortage of developing hotels of all budgets to meet the requirement for the upcoming commonwealth games. If this problem continues to mire in the future, then the future dream of Delhi becoming a global city without the problem of basic amenities will receive a big dent. But with the New Year we hope that the real estate in Delhi will receive a major boost and provided with proper implementation it will take the infrastructure in Delhi to much greater

The question of 2008, is China’s booming real estate market, slowing down this Winter? 2007 saw the market at it’s peak. With the Olympics scheduled in China in 2008, real estate prices rocketed. However the latter months of 2007, saw a sudden reverse to this peak in property prices. China’s hot property market is now showing signs of slowing down. An increase in prices, high rates of interest, in addition to a government drive to cool speculation are partly repsonsible for this flagging.

While the boom sure is faltering, it’s unlikely there’ll be a crash, predict experts. And a repeat show of the U.S subprime mortgage crisis is not eminent, for the financial derivatives used in the US are most certainly not used in China. “Prices are falling only in several cities where speculation has been rampant,” said Cao Xute, analyst at Sinolink Securities. “Prices in cities such as Shanghai and Beijing are still mostly underpinned by strong demand from consumers.”

The Real Estate situation is closely linked to the government and how the government takes stock of the situation will be scruitnized by all. Managing Director of international real estate company – FPD Savills, Mr. Albert Lau, feels that Government’s intervention should act only as a catalyst, and the real estate market should be a self-regulating one.

All we can do is wait and watch…

And there appears to be a conflict with regards to the real estate situation down under. While on one hand the housing industry in Australia are showing signs of recovery, yet on the other hand there still seems to be an affordability crisis of sorts, more so for renters and first time home buyers alike.

Dr. Alex Joiner, ANZ Economist says, “..constrained supply and robust demand will leave house prices well supported and combined with upside risks to mortgage rates, the deterioration in housing affordability will make entering the market difficult, especially for first home buyers,’ ”
The Real Estate Institute of Australia predicts that housing affordability in Australia for 2008 is going to worsen. This is mainly attritbuted to the increase in property prices and borrowing costs as well, in addition to the fallout of the US Subprime market. An overview of the affordability scene in Australia, does not look good and shows no signs of abating.
In order to take stock for higher funding costs, Australia’s largest bank, National Australia Bank Ltd., just a few days back rasied interest rates on mortgages. Other banks are predicted to follow.
It’s also predicted that the prices will continue to increase for 2008 in most Australian states, with the exception of New South Wales. The increase in prices has been attributed to a rise in population, shortage of supply of new accommodations and a growing demand for housing in locations that are close to the work place.

From the shopping festivals to seven star hotels, Dubai’s popularity has sure grown in leaps and bounds. Considering it’s attractive lifestyle, great sub-tropical climate and an extremely cosmopolitan environment, Dubai’s property market has become increasingly popular amongst foreigners, particularly the British. Ever since 2002, foreign nationals were permitted to own property, this was issued by a royal decree.

Demand for real estate seems to be at an all time high, so much so that in recent times, real estate prices have increased as much as 25% per annum. In addition, the tax free salary that the people acquire makes it possible for them to live in high-rent properties.

The foreigners favor apartments and single or two-storey villas. They prefer these in complexes that are secure and have plenty of recreational facilities such as swimming pools, fitness centres, tennis courts etc. The new infrastructure seems luxurious and feature the best of the best. Famous builders and developers include Emaar Properties, Damac Properties, and Al Nakheel Properties.

To finanace your property purchase in Dubai, you need to consider all possible options. Cash, of course is preferred. You can also consider a mortgage, though mortgages in Dubai are not really easy to obtain. However if you seek the assistance of a professional, they will definitely be able to assist you.

The prosperous city of Pune, obtaining the second largest position in the state of Maharashtra has a lot to give for the residents, NRIs (Non Resident Indians), and investors of the city. With thriving prosperity, Pune has become an important city for people from every corner of the country. The education system, the medical facilities, the IT hubs have made Pune a grand city in the country’s map. Business loving people thinking to make more money or property may think over the real estate market in Pune.
At a competitive price, the real estate consultancies of Pune are ready to help you finding a home, an office place, shops, malls and different others for the need you possess. There are real estate brokers and agents to assist in this field.

With the growing real estate infrastructures in Pune, it has come to be known that during the first ten months of 2007, Pune has recorded 1.65 lakh property registrations. In 2006 it was 1.97 lakh and in 1.60 lakh in 2005.

Being one of India’s largest industrial cities, Pune has given rise to real estate builders more in hand. Capitalizing by the property holders and investors of Pune, it has become one of the fastest growing cities of India.

Eminent builders like Ahura Builders, Amit Enterprises, Shamarthshree Promoters and Developers, Aditya Builders and several others are ready to place the city as a leading one. Offices, hotels, shopping malls, apartments and various other real estate buildings by them have changed the view. Many Indians and NRIs are ready to invest on real estate market of Pune because it is growing fast for the IT companies and several other business centers.

Located in the Western suburbs of Pune, Hinjewadi is a major place of real estate activities. It swanks most of the eminent IT companies, industries and offices.
Apart from all these, it has been found that the Planning Commission of the Government of India and the Indian Construction Industry jointly set up CIDC, the Construction Industry Development Council, which is a representative organization of the Indian Construction Industry. It has pooled resources with Pune based Durocrete Construction Quality Rating Agency Private Limited to squash its joint program for construction.

Thus it has to be remembered that besides every success, a little failure is not a matter of disappointment for a growing city like Pune.

Buying abroad is not only an exciting opportunity but with the strength of the pound compared to other currencies it makes more sense than becoming part of the negative equity generation. From retirement homes, to holiday homes, to first homes and even family homes, the rest of the world is looking like a great place to invest at the minute; and for many, moving abroad has never been easier. Cheap flights ensure easy accessibility and after a rather miserable summer it’s likely that more people will be heading over the seas and far away in 2008.

For years now the idea of emigration has been on the tip of everyone’s tongue, however it is since we’ve moved into the new century that people have really lusted after property abroad. Consistent weather, lower levels of crime and a more relaxed attitude to work are just some of the reasons why a British national emigrates every three minutes.

Interestingly, it is the development of off plan property which has enabled more people to reach for their dreams. New developments are providing houses at lower than normal prices and with the added control over the appearance of the building, it is often considered a sound purchase. For many, buying off plan is considered the hassle-free option when compared to renovating a property independently, as a beautifully developed property can cost just over the original market price without the worry of unforeseen costs.

Whilst the property market is so rocky in Britain many investors believe that buying off plan property abroad is more reliable; however it is still important to do research into the area and its possibilities. After all it’s no use being lumbered with an un-rentable second home. The area and country chosen is of the utmost importance, along with financial issues such as exchange rates and taxes. For example a foreign exchange company can often provide competitive rates compared to a UK bank. It’s also imperative that any potential buyers hire a good lawyer to check out the contracts as there is nothing worse than the disappointment of broken promises – especially after the long wait for a property to be completed. The media’s misdirected attention may paint a frightening picture of buying off plan abroad but its merits can far out way its negatives; and with careful consideration - for the right investor - it can provide an invaluable asset. The sound advice is: don’t buy on a whim, do your research and check out the facts before buying off plan abroad.