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Archive for June, 2011

Delhi Master Plan 2021 – Why Is It Attractive?

Often I am asked about the Delhi master plan 2021 its connotations fine print etc. In the last few weeks most questions seemed to be centred around the Indian Elections and the impact on the Real estate especially on the Delhi master plan.

Instead of putting together a structured flow chart type of a report I thought I could share some of the inputs in a more conversational manner. Not to mention that our research division also has the reasons documented in a very scientific manner. Institutional investors large investors etc. can surely subscribe to it by sending a mail to us.

After many years we have an extremely conducive and favourable ecosystem for the real estate in Delhi NCR. The draft master plans for Delhi master plan 2021 are under review. The same should get approved in the next 69 months if not earlier for the following reasons:

Political Ecosystem: Delhi state is governed by the Congress. The central government also is led by the Congress party. The congress has won 7/7 MP seats in these elections. Most stakeholders within governance have an interest to see through the same and roll out the master plan.

The Political will and players: The last one week has displayed specific Intent and purpose from the stakeholders in the government to hasten the pace of development within India. If one looks at the cabinet formation and ministers in charge of the growth in the next 5 years it indeed is a cause for rejoice. Mr. Jaipal Reddy in his second term as the urban development minister would provide continuity and pace. Most other ministers who would have a say on the Delhi master plan also are in key portfolios and intend to hasten development.

Demand: The demand shortfall / Demand projection for Delhi state till the year 2021 is estimated as follows:

Residential 1 million Units

Commercial 38 million sq. ft

Warehousing* 16 million sq.ft

*Includes wholesale markets

The recent DDA allotment of approx. 5500 apartment saw a response from more than 1.2 million investors and homeseekers. Isnt that proof enough of the captive demand for housing in Delhi?

Administration: Delhi has many civic agencies like DDA MCD Delhi Police etc. which do currently have a dotted line reporting to the government. Hopefully things would change and a more accountable system is likely to be put in place. Positive noises and actions are already visible since the last few days.

PPP The whole essence of the Delhi master plan is on the PublicPrivateParticipation model and we would see tremendous amounts of private capital being infused into the development of Delhi. Let us also not ignore the fact that multiple agencies like the Central govt State govt private enterprise World bank and other aiding agencies individual investors etc.would be investing into the infrastructure and other growth in Delhi.

Events Commonwealth games the bid for other games by 2020 etc. would bring in infrastructure investments into Delhi in the short amp; mid term. Besides Delhi would always play host the visiting state heads dignitaries seminars conventions etc. wherein the who is who of the global policy heads would be participants.

There are a deluge of reasons why one must invest into Delhi including reasons for shifting investments from the NCR area into Delhi.

As an organization we have invested more than 5 years into the Delhi master plan and can be helpful for other members/readers of this content. I can be connected with on menoncertesrealty.com

Our research findings only a miniscule portion of the same are already posted on www.delhimasterplan.com

About the writer:  Ramesh Menon is the Head strategic consulting for Certes Realty Ltd a boutique real estate consulting company based out of New Delhi NCR India.

Custom Home Builders In Florida And The American Dream

It has always been The American Dream to own your own home but the details of that dream have begun to differ over time. It used to be that people were simply interested in home ownership for the sake of owning a home. As additional generations have come to view owning their own home as a reality they have upped the ante and redefined this American Dream. New homeowners today want to own a home that is designed to meet the specific needs of their lifestyle and aesthetic preferences. This is a main factor underlying the trend to work with custom home builders in Florida and around the nation.

We frequently see custom home builders in Florida and other places where there are large retirement communities for several reasons. The first is that the people who are interested in having a custom home built for them are typically people who have lived for enough years to have developed a strong sense of what they want in a home. The second is that it is only later in life that most people feel ready to settle down into the home that they want to live out the rest of their years in. And finally it is this group of people that are most ready to move on from the basic American Dream of owning a home to the more advanced dream of living in a home designed uniquely for them.

Custom home builders in Florida are of specific interest to the retirement population for these reasons. However they may also be of interest to those middleaged and younger residents with parents who live in Florida. These are people who may be inclined to settle down in Florida in order to stay in the area where their parents are residing. In order to make their homes more personal these people look into having custom home builders in Florida create a home design that will enhance their quality of life in this area. To these people the American dream is about “having it all”; they want to live near their parents but also to have a lifestyle all their own.

The American Dream has always been something that was achievable to anyone who was willing to work hard enough to get it. That remains true of the new American Dream. However there is more flexibility in the modern version of home ownership. In the past the goal was simply to earn enough money to be able to afford a home mortgage. Today the goal is more likely to be finding a way to create a holistic lifestyle that allows your home to be an extension of who you are. People who work with custom home builders in Florida may be interested in designing a home office or a studio in the home which will allow them to achieve dreams that are based on more than just earning money.

One of the best things about working with custom home builders in Florida and in other places for that matter is that the process allows the homeowner some creative input into the home. This reflects the basic change in the American Dream over time which is that people today want to own a home which they can be thrilled to live in because it completely expresses who they are. Additionally working with a custom home builder allows the home owner to leave room for change in the future. This creates the potential for the individual’s own dreams to change over time. That openness to change is precisely what today’s American Dream is all about.

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Costa Rica Ocean Front Real Estate

Costa Rica has coasts along the Caribbean Sea and the Pacific Ocean with a total of over 800 miles of coastlines and beaches. Costa Rica is known the world over for its beautiful sandy beaches which are the most picturesque in all of Central America. There are many options when it comes to ocean front real estate in Costa Rica. There are detached home condominiums resorts and luxury bungalows such as those found at www.cerrofresco.com.

Oceanfront properties along the Gold Coast are a sound investment. Many people come to Costa Rica looking to buy their own little piece of paradise a parcel of ocean front real estate. Purchasing ocean front real estate in Costa Rica can be financially and personally rewarding.

The real estate market in Costa Rica is still very affordable. Now is the time to purchase ocean front real estate in Cost Rica. While many are choosing to purchase ocean front real estate as their homes there is another popular option coming about recently to purchase ocean front real estate as a vacation property and rent it out to vacationers the remainder of the year. Due to the great amount of activities available along the beaches and coasts of Costa Rica your home would be ideal for rental income when you are not using it.

The province of Guanacaste in the northwest portion of Costa Rica is the hottest destination in ocean front real estate. These Pacific beaches fit just about any preference. There are many activities to be found such as surfing swimming horseback riding scuba diving snorkeling and golf. Golf communities in Costa Rica ocean front real estate are on the rise and one of the many reasons that Costa Rica is one of the top 10 destinations in the world.

About the writer:  An alluring quality of life experience awaits you at Cerro Fresco an unparalleled Costa Rica Real Estate development located in Jaco Costa Rica.