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Interview with Mr. Rashid CEO Citipropmart Pvt.Ltd

September 4, 2015 | By

What this means for real estate?

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The increasing residential asset prices have given rise to a potential bubble, causing stagnation over the past two quarters. From a pan-India perspective, new launches in the residential sector have dwindled over 2014, as developers have been looking at disposing of existing stocks to generate cash flow. With project funding becoming expensive and buyers showing a lower propensity to purchase in view of unfavourable prices, developers have found it difficult to generate cash and service their debts. This state of affairs is also likely to create greater risks for lenders.

While infrastructure has been hit by rising input costs and delayed approvals, asset prices for residential real estate have recovered and grown over the past two years.

Commercial real estate 

From an investment perspective, it makes more sense to opt only for leased assets in the current scenario. Larger investors should consider the domestic private equity funds being raised, which are looking at investing in commercial assets.

citipropmart

While Gurgaon remains the most favoured destination of office occupiers, Noida has also performed well. However, while Gurgaon has seen a good mix of IT and corporate occupiers, Noida still remains primarily driven by IT.  Over a 1-3 year horizon, we are likely to see an improvement in demand and absorption as economic conditions in the US and Western Europe are showing signs of stabilising. This is likely to increase outsourcing business into India, which will result in improved performance of the office sector. Indian domestic corporates are also likely to continue contributing towards non-IT demand.

Residential real estate

Some of the emerging corridors around NCR which are currently suitable for residential investment are:

Sohna: Lower residential rates, the next development corridor, and it benefits from the KMP Expressway and proximity to Gurgaon. Neemrana: Venue of upcoming industrial and infrastructural developments to drive residential demand.

Yamuna Expressway: Excellent infrastructure, benefits from expressway as the node to fuel future city expansion, upcoming freight and warehousing developments, and the cheapest residential apartments in NCR.

Noida: Affordable housing – low entry points, considerable pent-up demand and future appreciation potential.

Faridabad:   A relative gold mine, keeping in mind the current land and residential prices and the infrastructural developments which are likely to put this area on the fast track of growth.

Describe a typical work week for this position.

“The first thing I do on Monday morning is check my voicemail and email,then I prioritize my activities for the week.”

Whats your comming projects ?

With on brand name in Real Estate business you can fell yourself at a saferend. Our service standards and persistent and ongoing endeavors have produced us a reputation that is hard to fling.

Our locations, our clients and their satisfaction provides us good synergies & we feel ourselves motivated to offer our customers the best commercial advice that they can adore.our latest projets mention in delhi ncr city..

Aarcity Moon Towers
Noida Extension

Sikka Kirat Greens
Noida Extension

Amrapali Silicon City
Sector- 76, Noida

Antriksh Valley
Noida Extension

“The brand speaks for itself”. We provide our clients a clear vision & always provide fair & apparent deals.”Mr. Rashid CitipropMART”

 

 

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