BrixResearch Moderator says: Real estate values in big cities stands at dizzying heights, making it difficult for most to buy property there. Sample this: plot rates for central Delhi are 80000-500000 Rs/sq yard presently. While property rates for plots in Chandigarh (central region) are 15000 Rs/sq yard.
Big cities are mostly chocked with development, with very little scope for expansion. Hence the focus has now shifted to smaller cities where ample space is available for expansion and the infrastructure resources cost low.
Given a choice, where would you like to invest:
- Any upcoming small/suburban town, where land and infrastructure resources are cheap
- Big city where real estate rates are high and rentals returns can fetch good profits
Share your responses in the comments section.
April 29, 2009
Can foreigners buy property in India?
BrixResearch Moderator says: We received an interesting response to a blog post. Actually, this is a user query regarding property regulations in India. Here it goes…
“I am a Swedish citizen. My wife is an Afghan national. We want to buy a house in India. Please let me know about Indian laws that apply in case foreigners want to buy house here? What are the formalities required?
Best Regards
Afghan Shahid”
April 22, 2009
Magicbricks launches The Earth Initiative
BrixResearch Moderator says: Magicbricks launches ‘The Earth Initiative’ as part of its commitment to the green cause. Earlier, we had organised a green walk for Gurgaon-based real estate developer Vatika Ltd. This walk - held on March 28 - was a huge success as more than 600 people vowed to save energy.
Continuing this tradition, Magicbricks presents this new segment where we would highlight green initiatives taken by individuals, real estate builders, real estate brokers and civic authorities.
Join this mission.
Tell us what would you do to save energy or promote green habits among people? Also, would you shut down energy for an hour- between 8.30 to 9.30 pm – tonight as part of Earth Day practice? Share your responses in the comments section.
Continuing this tradition, Magicbricks presents this new segment where we would highlight green initiatives taken by individuals, real estate builders, real estate brokers and civic authorities.
Join this mission.
Tell us what would you do to save energy or promote green habits among people? Also, would you shut down energy for an hour- between 8.30 to 9.30 pm – tonight as part of Earth Day practice? Share your responses in the comments section.
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