Commercial Properties in Delhi India
The commercial aspect of India has come of age. With the retail boom and increasing return on investment in the commercial real estate market, the value of property in Delhi and NCR have grown by leaps and bounds. Real estate in India and especially properties in Delhi has come up in a big way. Particularly, in the commercial areas, where the local retail shops and shopping complexes have been replaced by huge and swanky malls. Even the average Indian consumers, especially the middle income group, are getting a taste of high class luxury through posh malls which are developed in and around Delhi and are built as per international standards, much on the lines of Singapore and Dubai. Today Delhi and NCR takes pride in more than 150 shopping arcades and megalomaniac malls. As per global estimates, more than 26.2 million square feet of land in Delhi would be covered by shopping malls by the end of 2006, with a whopping 60% concentrated in Delhi. One of the leading real estate developers of such gigantic commercial complexes, Omaxe seems to have its finger on the pulse of the times. Omaxe has brought forth real estate projects in the commercial arena of Delhi and NCR, which look nothing less than the work of fine arts. Some of the projects are finished and are running successfully since the time of their completion. Many are still on the verge of completion and still more projects waiting in the pipeline. Delhi, the latest hub of upscale shopping centers and malls, is one of the best cities from the point of view of real estate. Jasola and Wazirpur are experiencing a steep increase in the value of property lately. To tap the potential of properties in Delhi , Real Estate has come up with big commercial projects for both the regions. Commercial space couldn’t have been more elegant than Omaxe Citadel. This shopping plus office complex is close to the flyover to Okhla and Faridabad. Aesthetics weds ultra modern infrastructure, Omaxe Citadel is the home to offices of MNCs and also best brands in the city. a unique concept, Pearl Omaxe is situated on the Ring Road in Netaji Subhash Place. 4 floors of shopping and 8 floors of ultra modern office space - http://www.omaxe.com would surely pass all standards of swanky commercial space. The enormous yet elegant and scientifically planned development is bound to redefine luxury.Charles King writes on Commercial Properties in India - http://www.omaxe.com and Real Estate India - http://www.omaxe.com .
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The Traditional Real Estate Model Has Changed
The foundation of the real estate economy is based upon the commission earned from the buying and selling of property In every transaction, there is a buying side and a selling (listing) side Real estate companies focus more on the listing side because listings also attract buyers In most markets, if you control the listing market you will have market share (more transactions) The company can also increase market share by recruiting more agents . .Most companies’ recruiting efforts focus on promoting their market share, brand awareness and office culture Agents are attracted by the potential of business opportunities provided by a company’s listings This value proposition is particularly important to newer agents who do not have the benefit of repeat clients and referral business In the past, agents had the opportunity to obtain customers (primarily buyers) by servicing walk-ins, and ad or site sign calls These walk-ins or calls resulted not only from the volume of listings, but also from Realtors controlling the general sales process . .Until recently, the real estate sales process was controlled by Realtors because Realtors controlled the information Only Realtors had complete access to MLS Listings and housing information Even if a buyer saw a house in an advertisement, it usually never contained an address This forced the buyer to call or visit a real estate office for more information and to interact with an agent Buyers were forced to work around the Realtor’s schedule in order to start looking at houses Realtors would also selectively eliminate homes from consideration to help narrow the choices for buyers Although this service was appreciated, it limited the information and amount of homes a buyer would be able to consider The Internet has forever changed this process . .Technology has created a generation conditioned to be instantly gratified This generation wants and expects to maintain control over the process and have access to the information The resources available online has subsequently minimized the occurrence of walk-ins and calls resulting from advertisements Traditional real estate companies and traditional Realtors must therefore adapt to these tech-savvy home buyers . .Unfortunately, there is a generation gap forming between buyers and Realtors The average age of a first time home buyer is around 32 years old The average age of real estate agents is 53, and the average age of real estate brokers is 62 . .For traditional real estate companies to compete effectively, they must learn how to market to the Internet generation and start attracting younger people into the industry .
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