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Indian Real Estate Market: Bubble or a Bit Trouble?

A fear of bubble comes in the mind of everyone who is looking to buy or invest in real estate now a day. But without looking at facts one should not come up with any conclusion that speculates real estate bubble in India.

Indian real estate industry is growing with a CAGR of more than 30% on the back of robust economic performance of the country. After a little downturn in 2008-09, it has revived rapidly and shown tremendous growth. The market value of under construction project has increased from $70 bn at end-2006 to $102 bn by end-June 2010, which is equal to 8.2 per cent of India's nominal GDP for 2009. Besides the Govt. initiatives- liberalization of foreign direct investment norms in real estate in 2005, introduction of the SEZ Act, and allowing private equity funds into real estate, key factors contributed to this tremendous growth were 'lower price' which has attracted buyers and investors not only from India but NRIs & Foreign funds have also deployed money …

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General Info on Tamil Nadu

Location

Tamil Nadu lies between the latitudes of 8.5 degree to 13.3 degree and longitudes of 76.15 degree to 80.20 degree E.

Total area

The 11th largest state of India - Tamil Nadu covers total area of 1,30,058 sq km.

Climate

The state enjoys tropical climate with little bit deviation in summer and winter temperature. The temperature ranges between 43 degree C to 13 degree C. The state receives an average annual rainfall ranging between 25 and 75 inches.

Language Spoken

Tamil is the official language of the state.

Food Habits

The culinary world of the state boasts of several vegetarian and non-vegetarian delicious delicacies. Every food item has the flavor of condiments and mixture of spices. Coconut, asafoetida and tamarind are the important ingredients of vegetarian dishes. Every day meal includes vegetables, rice, grains and lentils, se…

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6 Reasons Why Living in Housing Societies Should Be Your Preferred Option

Humans are not meant to live in an isolated environment. However, the busy day-to-day schedule of people living in cities often becomes an inherently asocial experience. The last few years, as a result, have witnessed a paradigm shift: people are increasingly choosing to stay in housing societies as opposed to independent homes. In fact, even people who want to buy independent homes are opting for gated communities developed by the top housing architects.

Let us now take a look at some of the major reasons why living in housing societies should be your preferred option:

1. Security

Safety features such as CCTV surveillance systems, boom barriers, and intercom facilities, make modern housing societies more secure compared to independent homes in non-gated communities. Additionally, such societies usually employ manual security with many guards stationed at different gates.

2. Pocket-friendly

Managing an independent house can be hard on the pock…

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