KARNAL Karnal (also Karnaal, Kurnaul or Karnaul during the British Raj) is a city and the headquarters of Karnal

District in the Indian state of Haryana. Karnal is a modern city governed by a municipal corporation that comes under the Karnal Metropolitan Region. Karnal was once the site of a cantonment of the British East Indian Company army established in the year 1805 A.D. but later abandoned due to a malaria outbreak. The cantonment was subsequently shifted to Ambala and later came to be known as the famous Ambala Cantonment established in 1843 A.D. Historically, Karnal is said to have been founded during ancient times by the Kauravasin the Mahabharata era for the king Karna, a mythological hero and a key figure in the epic tale. It is midway between Delhi and Chandigarh, being 123 km (76 mi) north of Delhi and 126 km (78 mi) south of Chandigarh, on the National Highway NH-1, also known as the Grand Trunk Road. Delhi and Chandigarh can be reached from Karnal within 2 hours using a high frequency bus service provided by Haryana Roadways. Karnal is also the headquarters of Karnal Range (including Karnal, Yamunanagar, Kurukshetra and Kaithal districts) under an Inspector General of Police. Karnal is widely known for its lush green pastures, and the cultivation and production of very highquality basmati rice. Karnal is also famous for manufacture of agricultural implements and its spares as more than 40% of country agricultural implements and spares are manufactured here. One of the bigger units involved in the manufacture of spares is Karnal Agricultural Industries Ltd. having largest manufacturing base in the country.

WHY KARNAL IS FAMOUS IN A INDIA /WORLD ?

Karnal is very famous for its world class research and development institutes, namely Central Soil Salinity Research Institute (CSSRI) National Dairy Research Institute(NDRI) Directorate of Wheat Research (DWR) National Bureau of Animal Genetic Resources (NBAGR) Indian Agricultural Research Institute (IARI) Regional centre of the Indira Gandhi National Open University Research centre of CCHAU.

TOURIST ATTRACTION IN KARNAL DISTRICT

Maata Bhawaani Mandir 1000 years old most ancient temple Baburs Mosque Ghogripur Gurudwara Manji Sahib Karna Lake Atal Park Bhara Mals Sarai Karnal Cantonment Church Tower Christian Cemetery Dargah Nuri Kalandar Shahs Tomb Karnal Fort Karnal Golf Course

Karna Taal Minars Miran Sahibs Tomb Naraina Oasis Complex Pukka Pul Taraori

Notable People
1. Liaquat Ali Khan, was born in Karnal India on 1 October 1895 . He was the First Prime Minister of Pakistan. 2. Kalpana Chawla, was born in Karnal on 1 July 1961 , the first ever Indian Female Astronaut. Chawla completed her earlier schooling at Tagore Public School, Karnal. She died in the Space Shuttle Columbia disaster on 1 February 2003. In her honor, Kalpana Chawla Government Medical College's foundation stone was laid on 18 November 2012 in Karnal city.

1. A Brief Background of the Real Estate Global Cycles:

REAL ESTATE OVERVIEW The real estate sector in India assumed greater prominence with the liberalisation of the economy, as the consequent increase in business opportunities and labour migration led to rising demand for commercial and housing space. At present, the real estate and construction sectors are playing a crucial role in the overall development of Indias core infrastructure. The real estate industrys growth is linked to developments in the retail, hospitalityand entertainment (hotels, resorts, cinema theatres) industries, economic services (hospitals, schools) and information technology (IT)-enabled services (like call centres) etc and vice versa. The Indian real estate sector has traditionally been dominated by a number of small regional players with relatively low levels of expertise and/or financial resources. Historically, the sector has not benefited from institutional capital; instead, it has traditionally tapped high net-worth individuals and other informal sources of financing, which has led to low levels of transparency. This scenario underwent a change with in line with the sectors growth, and as of today, the real estate industrys dynamics reflect consumers expectationsof higher quality with Indias increasing integration with the global

economy.

1.1 Introduction: Real estate cycles are described as cyclic movements of price in the real estate market which, over a period of time, causes fluctuations in the residential and commercial property market. This is a result of the economic, demographic and/or policy changes in the overall market environment. 1.2 Real estate cycles: The four phases of a real estate cycle viz. Recession, Recovery, Expansion, Contraction. While phases 1 and 4 (recession and contraction) are characterized by rising vacancy rates, phases 2 and 3 (recovery and expansion) demonstrate falling vacancy rates . Expansion is accompanied by job and population growth along with high demand on the infrastructure. Equilibrium occurs when prices stabilize. Prices, having reached their maximum limits, less businesses move into, or expand in the area. Recession occurs due to declining job growth, relocation of businesses and depreciating housing demand. During this time, prices become stagnant or even decline as rents and occupancy depreciates. Absorption occurs as prices and occupancy depreciates and the area becomes attractive again to the market. In growing economy, the rising phase dominate the declining phase of the real estate cycle and on an average, there are more years of good times than bad times for investors. Source Journal of real estate research, Volume 18, No 1, 1999 Sites Avilable Of a Private Builder in Karnal Ansal City CHD City Parsavnath City Rao City Narsi Village Govt Sites Avilable in Karnal by Urban Devlopment Authority (HUDA) PREMIUM SECTOR 1. SEC -13 (OLDEST SECTOR IN KARNAL) 2. SEC -7 3. SEC -8 MODERATE SECTOR

1. SEC -9 2. SEC -14 3. SEC 6 LOWER GRADE SECTOR 1. SEC -4 2. SEC -5 Premium Private and oldest Colony in a Karnal :-

1. Model town 2. Mall Road

Factor that affecting to the Buyer for Buy a Real Estate :1. Rate of a Property. 2. Location Of the site. 3. Income Of the Consumer 4. Builder Choice. 5. Paper Work / Documentation 6. Size of the Property 7. Return on The Property 8. Estate Tax or Other Taxes/ Fees like House tax , Parking Fees 9. Facility to Be provided Like Electric City, Water , Security. 10. Size of the Family. Nuclear or Joint Family 11. Site Adjacent To the Market , Hospital , School 12. Registered with Municipal Council Or Proper Authority 13. Easy Passing Of the Loan to the Site 14. Possession on the Proper Date. 15. Constructed in a Well way according to the Plan. 16. Easy to Obtain a Title Deed 17. Proper Registration of the Property to a proper person and easily Transferable to its legal heirs. 18. Online Status of the Property now in Haryana this is started by HUDA. 19. Modern and Basic Ammenties. 20. Entertainment Facility Available like Club , Motel , Bar or Food Lounge. 21. Transportation and Linking With the Main Transport Like Bus or Railway station. 22. Site constructed by a approved Builders

COLLECTOR RATES IN A KARNAL

RESIDENTIAL REAL ESTATE :-

Residential real estate industry has witnessed stupendous growth in the past few years owing to the following reasons: Continuous growth in population Migration towards urban areas Ample job opportunities in service sectors Growing income levels Rise in nuclear families Easy availability of finance Demand for houses increased considerably whilst supply of houses could not keep pace with demand thereby leading to a steep rise in residential capital values especially in urban areas.
Broadly, residential real estate industry can be divided into four growth phases, as can be seen in the chart below: Housing growth trajectory Phases 1. Phase I (2001-2005): Initial growth phase 2009-10 Declining 2006-08 High with offtake and prices picking up 2010 onwards 2. Phase II (2006-2008): High growth phase with high demand and prices more than double 3. Phase III (2009-2010): Substantial slowdown in demand due to dented affordability and economic environment 4. Phase IV (2011-2014): Consolidation phase, with demand, supply and prices gradually moving up in line with improvement in economic environment

demand consolidation growth

2001-05 Initial growth phase

Note: All years represent financial ye ar (Ap ril-March ). For insta nce - 201 1 repr esents April 2010-Ma rch 20 11. Phase I (2001-2005) was an initial growth phase with stabilising residential real estate prices following the global recovery post the dot com bust and 9/11 terrorist attacks in New York. At the same time, there was steady growth in Indian economic activity, noteworthy recovery in IT/ITES industry, growing urbanisation and a rising trend towards nuclear families. Phase II (2006-2008) was a high growth phase where high demand for residential real estate led to doubling of housing prices. Demand rapidly increased due to Indias growing population, accentuated urbanisation, rising disposable incomes, rapidly growing middle class and youth population, low interest rates, fiscal incentives on interest and principal payments for housing loans

and heightened customer expectations. Phase III (2009-2010) witnessed substantial slowdown and part recovery in demand because of the global economic downturn, which led to a decline in affordability and tight liquidity. The retreat of various real estate investors,
accompanied by slowdown in the capital markets, has resulted in oversupply and falling prices. Phase IV (2011-2014) is expected to remain a consolidation phase after slowdown. Demand is expected to remain strong with capital values witnessing modest rise. This period is expected to witness substantial supply of housing especially in urban areas. In spite of the stupendous growth witnessed in the past 10 years, substantial housing shortage is still prevalent in India. According to CRISIL Research, housing shortage in India is estimated at 78.7 million units at the end of Phase II. The overall housing shortage in India is likely to decline to 75.5 million units by the end of Phase IV. Housing shortage in India
40 35 30 Million units 25 20 15.1 15 10 5 0 2001 2005 Urban 2008 2010 Rural 2014 18.4 19.3 20.5 21.7 19.7 34.0 30.1 26.7 26

Sour ce: C RISI L Rese ar ch

CRISIL Research expects housing shortage to decrease due to the governments thrust on improving rural housing by providing houses to the homeless under various development schemes and by enabling slum redevelopment programmes in urban areas under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). However, housing shortage in urban areas will continue to rise owing to migration towards urban areas and increasing trend of nuclear families. Housing shortage in urban areas is estimated at 19.3 million units at the end of 2008, up from 15.1 million units at the start of 2005. Housing shortage in urban areas is likely to touch a walloping 21.7 million units by the end of 2014. Rural areas, on the other hand, will witness a reduction in housing shortage due to migration and conversion of kutcha houses into pucca houses. The governments continuous focus on improving the housing situation, especially for population below poverty line, under schemes like Indira Awaas Yojna, Rajeev Gandhi Aawaas Yojna, Two Million Housing Programme, is expected to reduce housing shortage in rural areas. Rural housing shortage is expected to decline to 53.8 million units by 2013-14 from 59.4 million units at the end of 2008.

Recent industry trends

Despite strong fundamentals backing the residential real estate, the segment is highly influenced by economic cycles. Owing to global meltdown, the residential real estate market in India too witnessed an astounding fall in demand and capital values, between first half of 2008 and first half of 2009. However, the sector experienced a pickup in demand during the second half of 2009 across major cities mainly attributed to improvement in economy. Residential projects across cities saw several new mid-income housing projects being launched by developers to attract potential buyers. Demand for houses mounted as the global economy improved bringing back financial

confidence to the home buyers along with low interest rates. End-users, who had put their purchasing plans on hold due to the fall in affordability levels and job-related uncertainties, started booking houses.

Improvement in demand also brought back the construction activity to back on track. CRISIL Research expects around 668 million square feet of residential supply to be constructed between 2009-11 in top 10 cities (Mumbai, NCR, Bengaluru, Chennai, Kolkata, Ahmedabad, Kochi, Chandigarh, Pune and Hyderabad). These top 10 cities account for around 15-20 per cent of overall supply in urban India and now a Tier 2 city play a very crucial role in it. Going forward, strong underlying demand would continue to aid an improvement in absorption levels in major cities. Average residential capital values which declined by 18-20 per cent in March 2009 from the highs witnessed during the first half of 2008, remained more or less stable between March and November 2009 in most of the places. Karnal led the recovery and witnessed an 11 per cent spurt in residential capital values between March-November 2009. According to Research, capital values are further expected to witness a modest increase backed by better job security owing to higher growth in the economy in 2010 and 2011. Absorption levels are also expected to remain strong during the economic recovery.

S.NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14

SEGMENT AREA MODEL TOWN Mall road Sec-13 U.E Sec- 13 UE ext Sec-7 Sec-8 Sec -9 Sec-5 Sec-16 Sec-32 Chd city Ansal city Narsi village Housing board

PROPERTY TYPE Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential

RATE IN RS. 25000 30000 25000 25000 25000 25000 25000 15000 20000 25000 15000 25000 15000 15000

UNITS Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard

PRESENT RATES OF REAL ESTATE IN A KARNAL (MARKET RATES) In a last 5 years there is a boom in the real estate market of Karnal. In the last years the rate of residential sites is to be increase approx 2.5 times. Now a Karnal is to be a tier 2 city of India and no 2 residential area of a Haryana . The Rate of the property is not to be fixed it is flexible in nature any seller can demands the money according to his choice. The rate of the Real Estate are so much different with the rate of collector rate . Now the rate of the site are :SEC-13 RESIDENTIAL SEC -7 RESIDENTIAL 75000 SQ YARD 60000 SQ YARD

Commercial Real Estate

Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.

Types of commercial property:

S.NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14

SEGMENT AREA MODEL TOWN Mall road Sec-13 U.E Sec- 13 UE ext Sec-7 Sec-8 Sec -9 Sec-5 Sec-16 Sec-32 Chd city Ansal city Narsi village Housing board

PROPERTY TYPE Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial

RATE IN RS. 55000 40000 90000 90000 90000 90000 90000 25000 30000 90000 25000 25000 25000 90000

UNITS Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard Sq yard

Supply growth to be higher than demand growth

Going forward, between 2009-10 and 2013-14, demand is anticipated to outstrip supply growth. Demand is expected to increase at a CAGR of 15 per cent while room availability is expected to record a CAGR of 9 per cent across premium segment. Business destinations are poised to see higher growth in room inventory compared to leisure destinations

Gurgaon, Ahmedabad Karnal and Pune to witness the highest growth in room inventory
The premium segment room inventory is expected to increase at a CAGR of 9 per cent from 200809 to 2013-14 across Mumbai (North and South), NCR, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, Goa, Jaipur, Agra and Kerala. Gurgaon, followed by Ahmedabad, tops the growth in room inventory with a CAGR of 31 per cent and 27 per cent, respectively. In absolute terms, North Mumbai, closely followed by Bengaluru, will see the maximum room additions.

Questionnaire Releated to the buyer Q1. Please specify the reason behind participating in this real estate questionnaire? Interested in buying property Interested in selling property Interested in leasing & renting property Others: ________________ Q2. Kindly tell us the type of property you are interested in: Official building Apartment House Plot

Land Others: please write: _________________ Q3. You would like to initiate this real estate deal through? A real estate agent Online website Through some good firmed Or some other way, please write: ________________ Q4. Are you aware about the current real estate market prices? Yes No Q5. Choose your budget for proceeding further: Between 10, 0000 -1500000 Between 1500000 - 3500000 Between 3500000 7500000 Between 7500000 15000000 Between 15000000 35000000 Please mention above _______________ Q6. What is the area of the property you are interested in? __________________ Sq feet For an apartment, flat or house, room: 1BHK 2BHK 3BHK PENT HOUSE More than this please do write: _____________ Q7. Specify your prerequisites you would prefer to commence this real estate deal: ___________________

RESIDENTIAL REAL ESTATE :-

Residential real estate industry has witnessed stupendous growth in the past few years owing to the following reasons: Continuous growth in population

 Migration towards urban areas Ample job opportunities in service sectors Growing income levels Rise in nuclear families Easy availability of finance Demand for houses increased considerably whilst supply of houses could not keep pace with demand thereby leading to a steep rise in residential capital values especially in urban areas.

Commercial Projects :Now due to the problem of employment and easy avilabilty of funds in the market the rate of the commercial site are increasing at ver fast rate . Acc to the survey the rate of commercial site is to be increased more than Inflation rate + Bank Rate . There are several Reasons are behind that 1. 2. 3. 4. 5. Shifting of people towards a Urban area. Size of Population is Increased Sites are limited peoples are more. Growing Income levels. Easy avilabilty of funds.