Demand for Noida land is likely to reach an all time high with the Noida Board planning to develop one of the largest commercial spaces in the region. Conglomerates, both Indian and Multinational, scouting for commercial spaces, would now breathe a sigh of relief as the industrial heart of Asia is all ready to welcome them with its arms wide open.
The project will take shape on 225 acres on the Noida-Greater Noida Expressway and the scheme will be launched in the month of January. The land is located in the sector 94 and 124. According to the estimates, the area will accommodate the construction of 6,000 offices, each of 100-200 square metre.
The proposed project is believed to be three-and-a- half times the size of the Nehru Place district centre, the Capital’s prime business district, says a senior Delhi Development Authority (DDA) official.
Delhi sealing has emerged as one of the factors accountable for rising demand for office and commercial spaces in places like Noida. In keeping with this, industry watchers see it as a high growth period for Noida. This is primarily because of land scarcity in Delhi.
Proximity to Delhi is an advantage that Noida enjoys over its other counterparts including Gurgaon and Greater Noida. Also, better social infrastructure is another add-on to the list of the features owing to popularity of Noida.
The ongoing sealing drive has added to the rates of commercial property in Delhi. Few days back, the DDA sold a 7,232 square metre commercial plot in the Rohini twin district centres, sector 10, for a whopping amount of Rs 231 crore. It is believed to be one of the most expensive land deals for a commercial plot in Delhi.

Source : indianrealtynews

Custom Search Engine released by Google

Posted by Jack Macferson | 12:05 AM | 0 comments »

Want your own Google-flavored specialized search engine for your web site or blog? With Google's new Custom Search Engine service, it takes just minutes to set up your own unique search engine.
Google is joining Yahoo, Eurekster and many others in offering a customized search platform that makes it easy for anyone to offer a highly tailored search engine. Several weeks ago, SEW correspondent Phil Bradley wrote about customized search offerings from Rollyo, PSI, Yahoo and in Your Search, Your Way
Google's new service is an outgrowth of the Google Co-Op program started earlier this year, according to Ramanathan Guha, Lead Engineer for Google Co-Op. Co-Op was designed to allow users to influence search results in a couple of different ways.
Google's custom search engine
The new Google custom search engine builds on the foundation begun with Google Co-Op. "We are trying to shore up our algorithms with the wisdom of the crowds. We know we are not always the expert in every topic in every domain," said Shashi Seth, Product Lead for the new Custom Search Engine service.
Seth says that Google Co-Op has proved enormously popular both with the organizations annotating content and with users. In the health area alone, Google now has over 35 large partners who have contributed "tens of millions" of annotations, according to Seth.
Despite the enthusiasm for the program, participants complained about the somewhat complex, "developer centric" nature of the program. In making the features easier to use, Google decided to expand, allowing anyone to create a highly specialized search tool, and potentially make money by displaying Google ads along side algorithmic search results.

"Buy land - they are not making it anymore," Mark Twain famously said, and foreign investors are frantically rushing to follow his advice in India. According to "Future of Real Estate Investment in India", a study published by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the real-estate market will grow to US$60 billion by 2010 from the present $16 billion. Foreign direct investment (FDI) is expected to provide $25 billion to $28 billion.

FDI's share of the Indian property market will expand by at least 10% by March, says the ASSOCHAM study, primarily because of global real-estate players hugely interested in the Indian market, with particular demand for office space for the information-technology and business-process-outsourcing sectors.

In Mumbai, India's financial capital, companies are renting office space in downtown areas near the airport for upwards of $168,000 a month. The cost-of-living implications for the local population - who are already facing acute housing and office space shortages - are profound. A local newspaper reported on December 2 that an apartment was sold for a record $4.2 million in the well-known Maker Chambers in uptown Cuffe Parade. But Gurgaon is not also far behind Mumbai, all the multinational companies are turning towards Gurgaon, as it emerged as an IT place in the last few years.

Surprisingly, Macquarie Research also says that there is much less office space in India than in other Asian countries and cities. "Mumbai has just 12 million square feet [about 1.1 million square meters] of office space, compared [with] 70 million square feet [6.5 million square meters] in Singapore." The boom was fueled by the Indian government's decision to allow 100% FDI in the construction business from March 2005. Earlier, only non-resident Indians and persons of Indian origin were allowed to invest in the housing and real-estate sectors.

Posted by Jack Macferson | 2:12 AM | | 0 comments »

Real Estate India, as we are aware, is going places. It is the one of the biggest and most profitable markets in India. It has generated a huge amount of revenue for the Indian economy.Within and without India, the buyers are varied and from diverse cultures and classes, which is why India being the land of diversity with different landscapes, different states and different economic levels has so much to offer. There are those where it’s not about aspirations but of appeasing their whims and fancies and then there are those who live within their means or below it. So the market has a wide range of demands to meet from within and without and has to cater to all.This pressure on the Real estate market has its advantages as it forces the market to offer a wider range of selection and opens out the market to all. Both at the national and international level, the Indian real estate market and its listings are much sought after. This market has therefore put us on the Global map.There are many ways to invest in and buy property in India and one of these is to use the real estate property search engine and property search India. You can also go through your real estate agents or property dealer.