Indian Property Market Booming

There is a boom in Indian property market now. It is not the crisis of 2008 now in Indian property market. The market has settled again after Union budget 2009-2010. Now, the property market has made significance around the world.

Recently, sprawling Cuffe Parade flat was sold out in about Rs 93,000 per square foot. It was the second highest deal in Mumbai property market. The first highest deal was at Rs 97,842 per square foot for a flat at NCPA Apartments. A flat has been sold on 19th floor in Rs 28 crore which is about 3,000 sq ft in size but still identity of the buyer is unknown.

A record in residential flats had been made in November, 2007 which was country largest deal in Rs 97,842 per square foot or Rs 34 crore. This was four-bedroom flat at NCPA Apartments at the Nariman Point end of Marine Drive.

So, these are the recorded deal of Indian property market which was dealt by property dealers for NRI. According to the property sources it was jack up prices and ridiculous limits deal.

Now there is a question – is really the property market booming in India or is it exceptional only? Yes, these can be exceptional but reality is very close to its. Indian property market is booming after April, 2009.

There is a great chance of growth in Indian property market. Government has liquidated its money to users and banks have made very easiest process of loan on lowest interest rates. These are the some steps which have been taken from government to solve crisis of Indian market.

Yes, in this process there is single location to invest by users – property and real estate market. So, there is logical way to boom Indian property market but we can’t ignore exception also.

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Maruti Suzuki Launches Estilo New Version of Maruti Zen Estilo

Today, Maruti Suzuki launches its Estilo car. Estilo is new version of Maruti Zen Estilo. It was 1993 when Maruti was launched its ZEN car. In 2006 it launched new version of ZEN – Zen Estilo car. But it was not a successful product of Maruti Suzuki. Initially, it was launched in 3 colours. Now, Maritu introduces a new car which is not ZEN – Estilo. The company is the biggest competitor of Hyundai i10 and TATA’s small cars.

Maruti Suzuki is Indo-Japanese car Maker Company. It introduces new petrol version of Estilo on Rs 3.12 lakh and Rs 3.95 lakh prices. Mayank Pareek who is managing executive officer in-charge of marketing and sales of Maruti, said, “Estilo is a brand in itself and is very different from the Estilo we launched in 2006 or the Zen in 1993.” It means it is really a new product of the company.

Maruti Estilo has 998 cc engine, three-cylinder petrol engine fuel-efficiency and latest emission norms. The model will be produced in Gurgaon where already "A-Star" and "Ritz" products have been manufactured. It has 18.2 km per liter fuel efficiency. New Estilo introduces four more colours - ecru beige, emerald Blue, dusky brown and quantum orange. However, its existing ZEN Estilo colours are silky silver, superior white, bright red and midnight black.

The company has big expectation with this product. Expectation reaches on 3000 to 4000 model selling per month.

It is the biggest achievement of Maruti Suzuki which has changed its old name. It is about 16 years when Martuti has taken drastic steps in its model. However, ZEN was the most popular model of Maruti.

This step of the company will create more competition in car market. This upcoming Estilo car is more attractive than it’s previous. It is perfect in space and design from its previous version.

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Union Budgets 2009-2010 Proclaimed the Development of Indian Villages

Till now, we all aware about union budgets 2009-2010. Yesterday, Pranab Mukherjee presents his 4th budgets in Parliament. Everything was not clear by that budget because presentation was not complete. But now, we have lots of data to analyze the reality of union budgets 2009-2010.

As per the statement of Pranab Mukherjee, “single budget can’t solve our all problems” is clear that he wants to say something more beyond the budget. PM has welcomed this and said that it will develop Indian rural areas. It is the positive budgets and we should welcome it. Lalu Yadav also welcomed the union budgets and said the budget has signified villages.

Congress Party says that the budget is for “Aam Admi”. Let’s see what the reality of the budget is.

If we run through the data then we will find easily there is nothing to stop recession and unemployment. Government has allocated a big amount for NREGA but what about those youth and young who are unemployed? By the NREGA they will give only 100 days guarantee. But what about remaining 265 days? Every year software industry is going in vain; every year lakh of youth being unemployed but government is doing nothing.

Another reality, government has said that every year 1.2 crore employment will be created. But what types of employment, for whom is not clear?

There is a big allotment for common wealth games also but there is nothing to stop higher prices. Every year government announces to reduce electronics prices but still I am waiting for that. There is nothing on the basic education.

Government will try to achieve 9% GDP growth but common people are looking for a job to survive their life. IT sector which cover more than 50% economy, there is nothing about that sectors employees.

Exemption limits have been raised minimal of 10000 for men and women. I think there is nothing for common people even for youth and young also which are base of the country. A large amount of money will be spent in the budget – 10.20 lakh crore.

From my point of view the union budget is for industrialists and capitalists not for common people. Common people will get only a drop of total economy.

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