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India’s real estate development is the golden rule: simple homes, plain

Focus on Housing - 1 year ago - admin

India’s real estate development is the golden rule: simple homes, plain

A few years ago real estate in China is booming, the Indian real estate market in the period 2005 to 2008 has been an explosion in the same period, the main city commercial buildings and housing construction, the average price rose 2 percent. In some hot spots, such as the economic center of Mumbai, India, residential prices increased by 100%. But with the outbreak of the financial crisis, India’s real estate market is also affected. Therefore, some real estate companies in India find their way to survive – for India in the construction of low-income affordable housing they can afford.

in New Delhi , a leading real estate developer: “To the simple home, unpretentious.” Actually, this is the golden rule of the Indian real estate developers and survival.

However, it is worth mentioning that the previous housing boom in India is mainly driven by the high-end residential, most housing projects are aimed at high-end customers, but since the financial crisis, these needs have been greatly reduced.

The impact of the financial crisis, India is less than affluent middle class impact on the crowd. Today, many high-end luxury residential project in India is doing its utmost to find a buyer, the real estate business, the demand for low-income families suddenly seem more attractive.

Currently, many Indian real estate companies are turning their attention to low-income buyers and low-cost housing. According to Confederation of Indian Industry, in May this year, a statistics, India is facing low-income families nationwide housing shortage, the gap is about 20 million units.

Over the past five months, India has more than 65 national real estate companies to build low-cost housing project announced a new plan, targeted mainly to middle-income group buyers, prices tend to each set of 18,000 to 3.6 million, the specific Price depends on geographical location.

In order to reduce costs, real estate in the suburbs to buy cheap land, bulk purchase construction materials. It is estimated that affordable housing each of the profit margin of about 15%, only half the profit margin high-end residential. However, these real estate for affordable housing, despite their lower profit margins, but the demand is great.

Earlier, India’s new president of Pratibha Patil on early in June announced that the Government plans to launch now, “Urban Housing Project”, designed for urban poor and slum residents live in housing target is to be completed within 5 years a “no slums in India.” In other words, the Indian Government plans to eradicate within 5 years in India’s slums.

This, analysts believe that such ambitious goals are only active participation of the private real estate only where possible. However, the Indian government of this great goal, the Indian media have raised Zhiyi that achieving this will not be easy, Zhichu at present is to rehouse all slum Zhu Hujiu Xuyaodayue 25 million units of housing.

In recent years, India’s rapid economic growth, but at the same time, cities are also among the slum population increased rapidly. 2001 statistics, India’s slum population in 20 years time by the increase of 27.9 million in 1981 to 61.8 million; India’s economic hub Mumbai has become Asia’s most populous city slum, about 650 million people living in slums, accounting for the city Nearly half of the population.

India’s slum more common, for example, many sojourn New Delhi and Mumbai and other large cities by the poor and homeless through the day is “days when the premises when the bed” and “Street Angel” in the capital New Delhi, can be seen everywhere to host the roadside, under the eaves, and Kim’s house in the street, and even can see the 14-year-old girl with arms around the doll birthday, lying in a store next to the carefree, to begging. As this phenomenon of young mothers with children, and perhaps a feature of life in tropical India. Because the causes of climate and living environment, many people arrived to get married have a baby puberty. Because many of the poor quality of life is not high, some people boil less than 50 years old and left dead. This is compared to the average life expectancy in China in terms of more than 70 years old, living in the world did the day short.

Some advocates of natural selection, survival of the fittest of experts: a shortage of housing and housing prices soaring in India more than China, the main reason is that many people density. If the 1.2 billion Chinese people are living into old birthday, then will the Indian National bursting at the seams.

It appears that the construction of affordable housing, both real estate developers in India had taken a straw, but also a social responsibility.

http://blog.sina.com.cn/u/1267575545

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