Delhi/NCR Real Estate: Riding on Faults

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Well, as we are talking of property in Delhi, most of us already know that owning even a luxurious 1-BHK in this area would require a big, fat saving on your part. And sometimes, it would take about 8-10 years or even more to save such a big chunk... It depends on how much you earn and what other capital investments you are engaged in. Even if money is not such a big issue with you, there are certain matters that may require to sit back and ponder upon while buying a Delhi property.

Choosing a developer/builder with good reputation  in the real estate is one thing, but that, in no way, ensures that you won't be duped or offered much less what you paid for. Unfurling the pages of a property newspaper, I got to read some not-so-good experiences of the owners in Greater Noida. A leading developer submitted his completion certificate to the authorities but did not apply for the water connection. Result? The residents are forced to consume ground water. But that is not the end of their woes. They are still paying the bills for the supply that they never consumed!!

Similar is the story of a few posh colonies in Gurgaon and other cities under Delhi/NCR real estate . Residents, only after the occupation of the houses, come to know of the loopholes and can do nothing more than registering complaints. So, the point is that a buyer must, before purchasing is all done, make sure of the amenities that are provided. Also, he must verify the validity of each and every document provided by the developers, builders, and land owners.

It is always good to inquire about a property you intend to buy a house from the local residents. Ask them about their experiences and problems, if any, they have been facing living in the locality. It may be possible that they won't tell every nuance involved, but they know the things better, much better than you. Isn't it? Talk of the residential property in Delhi/NCR: even the good localities in southern region face acute water and electricity shortage. It indicates that paying even hefty prices for a property in Delhi/NCR, it  cannot be ensured that you would not end up ruminating. Scrutinizing is what you should do at every step.



 

Property Sites: How Handy Are They?

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With the demand for housing in India escalating day by day, the supply market is keeping its wings all open to accommodate the ask. The real estate market in India is multiplying like never before and so are the property sites that enlist thousands of available properties from developers, landowners, and dealers across the country. Seeing that the buyers cannot keep track of every property that suits their needs, the information over these sites proves quiet handy to them. The data is continually updated and one is at the liberty of choosing from a plentiful of options.

Once you land at any real estate website, you can search the type of house or plot you are in need of. Such a portal gives you options in terms of important parameters like location, price per sq. feet, budget range, area, number of rooms, property type, age, furnishing state, and number of amenities made available. This allows you to get fine-tuned results, those that  match closely with your requirements.

Apart from being a source for residential houses, individual rooms, apartments, and floors, the real estate sites also advertise on commercial spaces like shops, malls, complexes, and offices. Lands, plots, and under construction structures too can be located over there. To add to this basic search functionality for the buyers,  such sites do help developers, dealers, landlords, and promoters to get their properties get listed online, thus providing them a platform to showcase what they intend to sell. This way, they can reach out to a wider customer base.

If a buyer does not get what he wants, he can even post his specific requirements over these property sites. The sellers, on getting acquainted with their needs, can contact if they have something on hand to offer. Then, there are many portals that keep forums over which people can interact, discuss, and provide feedback. One may post his individual requirements, can make others acquainted with his knowledge of a real estate issue, or simply his experience of living in a  particular locality. There are several handy tools like EMI calculators, helping people calculate their taxes and interests, without getting much into the mathematical calculations. One can get tips and advice from property professionals and well-learned people. Those not aware of real estate laws and regulatory mechanism can pore into the portals and brush up their knowledge.

With a couple of real estate sites at your disposal, you can easily locate what you have been looking for in terms of a residential/commercial space. While some of them cater only to particular region or cities, there are others that cover the localities from all over India.

At Makaan.com, India's fastest growing property site, you can search 1, 2, 3 BHK rooms, flats, houses, plots, and commercial properties advertised by various sellers, promoters and land owners.

Buying Properties: Look Before you Make a Leap

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You cant' just do it: Choose a property and pay right away!! There are certain legalities that you must pay heed to or you could end up being caught into hoodwinking or paying more that you get in return. In the absence of any concrete regularization of properties and flaws in the law- implementation procedures, buyers often have to face counterfeiting or not receiving what they paid for. The higher authorities too refrain from taking any action against such dealers and the developers. There are certain things you need to check and sort out before you pay even a single penny of your hard earned money.

Check the authenticity of the dealer: Buying a house/plot/land requires generation of identification-documents on your part. The same is expected from the real estate dealers/developers/agents also; before you enter into an agreement with them, ask them to furnish all their identity proofs like PAN/ Aadhar Card/Voter ID etc. These documents must also be signed by them in ink. In fact, have their signatures for all the papers involved in transactions.

Scrutinize all the documents related to house/plot/land: The developers and dealers need to furnish all the documents related to the properties they intend to sell. Being a buyer, ask them to show you papers like water and electricity bills. There have been cases in Delhi/NCR where a developers did not even apply for water connections after submitting the completion of projects. The residents, after the occupation , got to know about this and were to forced get to use ground water for drinking/cooking. To avoid such fraudulence, scrutinize all the papers before taking the deal any further.  Ask them to show completion certificates and the final layout papers. Many times, the developers tend to add more houses to the final layout to reap profits, thus compromising amenities available to a buyer. The most important is the agreement document which should be prepared by a well-read lawyer. Also check if the documents are all authentic and have been issued by the valid authorities.

Inquire from Local Residents: No one can tell you better about a property than the residents that are the current occupants there. Through them, you can get to know about the disputes, if any, linked to the properties there. The real estate in India is prone to laxities and loopholes. So, it is better to do the thorough investigation of the things beforehand.

Take loans from Banks: Purchasing a house by taking loan from a bank is an advisable thing to do. Banks make an inquiry on their part for the authenticity of the properties; this way you are already saved from a number of frauds.

At Makaan.com, India's fastest growing property website, search rooms/houses/plots available for buying and renting from renowned developers and dealers.

Property In India: What an Investor does not know?

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The talks about property scenarios in India never seem to cease. In a country like ours, where lack of transparency in almost every sector plagues the economy, the real estate is not left unscathed. Now and then, we hear things going on positive note in terms of investment on land, while at other times, the inclination of a buyer to invest seems to go awry. This quavering on his part seems to be affected by what he hears or reads about the current trends though he may not be acquainted with the facts. All this hullabaloo associated with good returns for investments on properties is created by the builders and the market pundits so as to influence the decision of the buyer. Can one really get into the skin of the things? Let's see what are the hindrances that prevents a buyer from getting in touch with the reality.

Property in India is largely driven by boom in economy which, in turn, varies markedly due to different factors present in different states. Take the case of IT driven economies like that of Pune and Bangalore. Real estate prices there are directly influenced by the boom or the slump of IT sector. Suppose you invested on a luxury house there, assuming huge returns after 5 years. But if the IT industry sees a plummet during this period, you can't expect your money to get manifold. So assumption went wrong.

The other factors that are blocks to taking the right decision at the right time are mainly related to lack of regularization of the landholding licenses. The unusual delays in getting the land approvals, the resulting corrupt practices followed by landlords and developers, and resorting to duping the customers makes it very hard to bring in the transparency. Also, the investors keep on waiting for the price correction values while the developers try to mislead them by presenting the manipulated figures and misquoting rates.

An average Indian buyer is aware of the popular property sites where he can find a residential house of his dreams; he largely depends upon the current trends published over these real estate websites for expecting capital appreciation. The rates of a plot  that he purchased today may remain almost the same even after a decade. So, assuming that prices would indeed rise after a period of time is not correct. The things are unpredictable.

The Real Estate Regulatory Bill by Government of India is yet to gain stronghold; investors require updating themselves of the regulatory conditions coded therein. If implemented properly, a big chunk of black money involved in leasing, transaction, and legalities would be cleared off the market. The Land Acquisition Bill is yet to come into picture; it would further help the buyers know better of the infringements by the owners.

Makaan.com, India's fastest growing property websites, advertises the list of residential and commercial complexes available to buy and rent

Pune Property: High on Demand

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Pune, one of the prominent Industrial hubs of Maharashtra, stands at sixth rank in terms of per capita income. This metropolitan city houses major software companies and is highly preferred by IT professionals from all over India who flock here every year, attracted by the high potential stored in for them. The availability of  quality infrastructure has rendered this city a popular investment place for real estate agents, developers, land owners, and buyers. The property investment is going great here and in the years to come, it is likely to see a consistent growth.

The analysis of Pune property, as performed over a time span of last 12 months indicates that the price per square feet of the land has gone up by about 11.5%. From a figure of Rs. 5000 psf in last July, the price has increased to Rs. 5773 psf. Though not a considerable change over a year, the values indicate that the prices are indeed quiet high. But that does not stop buyers to plunge in. This is true for all those buyers who are willing to pay hefty amounts to buy their dream houses in the city.

Property Pune, if seen in terms of demand for luxury houses and villas, scores quiet high in the localities like Hinjewadi, Wakad, Baner, and many others. The price index in Hinjewadi, as seen from January, 2013 to July, 2013, shows marked variations. While the psf value stood at Rs. 789 per square feet in the beginning of this year and remained constant throughout the month of January, a sharp rise to Rs. 4218 psf from February was noted. The value remained constant till June, 2013 after which there was a further rise to 5360. Hence, for a period of 6 months, the % rise in price index was a whopping 586%!!

The property rates in the other popular loacality, Baner, saw a change of about 20% over 12 months. On the similar lines, in Wakad too, a raise of about 19% was noted during this period. This clearly indicates that Pune residential property is high in terms of demand by upper-middle and elite class in these areas. This phenomena is seen as windfall by the developers who see it as an opportunity to procure profits.

The buyers keen to try their hand at Pune property should note that they are not going to see any wide difference in terms of investment if they seem skeptical whether to buy a residential property or hire it on rent. This is because, in either case, they are going to spend more or less the same, If, however, they want a permanent residence, buying would be a better option.

To invest in the properties available for buying or renting, visit India's fastest growing property websites, Makaan.com

Why Buy Property in Navi Mumbai?

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Developed to ease Mumbai off its jams, bottlenecks, and congestion due to overpopulation, the planned city of Navi Mumbai is the hot-spot for real estate. Comprising of many modern and well-planned localities like Vashi, Panvel, and Khargar, the city is deemed as a gainful and money-making market by the property developers, middlemen, and owners. The land is cheap here as compared to Mumbai and due to all the infrastructural facilities available, the developers have been reaping huge profits.

From a buyer's point of view too, purchasing a property in Navi Mumbai can be considered a fine option, considering the fact that the cost of purchasing as well as room rentals are comparatively cheaper if compared to the metropolitan Mumbai. A semi-furnished 2-BHK, 1050 sq. ft house on rental in a place like Khanda colony can be available at Rs. 7000/- while the same could cost anywhere between 20-80k in Kandivali (E)! In Navi Mumbai itself, a 1-BHK room is available for buying with price as low as 6 lacs, a figure that is difficult to imagine for a flat on Andheri-Dahisar road. This huge difference in price makes buying and selling flats in Navi Mumbai a cost-effective solution for lower and middle class.

Looking at amenities that the city offers, one is not disappointed. With a wide transport of network available in the form of BEST and NMMT buses, commuting to and from the city is not much of a problem. Some of the proposed projects like Vashi bridge, an airport to decongest traffic, a railway line connecting Vashi to Mankhurd have attracted the real estate investors here. Places like Ulwe, Vashi, and Panvel seem to be most promising Navi Mumbai property hubs. With many top-notch companies like Reliance, Patni, TCS, and others already made the place their stronghold, the future of real estate is bound to tread a positive trajectory.

In terms of modernization and facilities available, one can say that they are at par with other cities of Mumbai. The presence of  multiplexes, hospitals, schools, banks, restaurants and malls make the place alluring enough to buy property in Navi Mumbai.

Regarding the price trends over last 12 months, one can say that there is an increase of about 6%, While the psf (per square feet) figure in last July stood at Rs. 5470, this July, it is Rs. 5819. But over last three months, the prices of properties in Navi Mumbai saw a slight dip of 0.48%.

Buyers can search for flats/apartments/plots/shops/restaurant in the city over  major real estate sites. Makaan.com, India's fastest growing property website, has the listing of projects from leading builders and land owners.

Buying a Property in Chandigarh: Why you should go for it?

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Chandigarh, the Union Territory, stands high on the real estate charts, most of the factors being in its favor. Ranking second highest in terms of per capita income, the city easily attracts people to invest in property here. In spite of not being exactly a metropolitan, the buying trends have shown positive results. Let's see what makes the city a lucrative option for property buyers.

Though the city has many rural and under-developed areas like Butela and Attawa, investment in property could be a nice option, the reason being that these localities have recently been incorporated into the jurisdiction of municipality, thus raising the living standard here . Buying a property in Chandigarh can give a leverage to you as the city's quality living standards and  relatively low levels of pollution.

The other factors that go in a buyer's favor while buying Chandigarh property include well-planned infrastructure, easy accessibility via roads, and upcoming projects that intend to bring tech parks, airports, hotels into being in the coming years. A few hotels have been planned to come up in places like Panchkula, thus adding to much desired amenities by a person living in Delhi, Haryana, Gurgaon and planning to relocate to the city.

The real estate scenario in Chandigarh over the last one year saw a marked shifting, with the price per square feet having grown by 8.84%. This upward surge is an indication that buyers as well as developers have shown interest in the city. In places like Mullanpur, the buyers can seem interested in investment in properties in Chandigarh. The proposed construction of an expressway and the proximity of the area to hospitals and educational institutes makes the condition all the more favorable.

Having a well-planned design of roads and houses, being carved by the intellects like Le Corbusier, Chandigarh real estate continues to tread a positive trend. Buying a plot here rather than a flat or apartment is more preferable: local residents find it more profitable to do buy a plot first and then construct the house as per their needs. The residents are more likely to have spacious house, so buying a plot first as a property in Chandigarh seems better to them. With the presence of  Rajiv Gandhi Chandigarh Technology park in Zirakpur, the number of companies that have come into being has increased manifold. Thousands of people work here, thus making Zirkapur a preffered location for buying a flat here.

In the nutshell, we can say that the ball is city's court as far as real estate is concerned. To buy properties in Chandigarh, surf a few real estate sites and search for the type of property you have been looking for. At Makaan.com, India's fastest growing property website, you can find residential and commercial complexes available for buying and hiring for rent.

Property in Noida: An Arcade of Lavishness

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With real estate business in India going great guns, the buyers and sellers have got numberless choices. As far as property in Noida is concerned, the options are far too many. Whether you are watching out on a commercial property to buy or the residential one, the localities of this city offer you a wide scope. While congested cities like Delhi and Kolkata are facing dearth of any worthwhile spaces left for new construction, Noida and its extension, Greater Noida rank higher on list of the new skyscrapers that see the light of the day. There are many areas that are left unused and show a major potential in terms of real estate development.

Keeping in consideration that the city is a hub of many IT, BPO, and software companies, and has seen an unprecedented growth in terms of commercial ventures. The developers dealing in construction of the Noida properties are raking in the moolah. The city has already been an arcade of renowned hospitals, shopping malls, plazas, and other commercial structures. Add to that the huge residential structures that can be seen touching the skyline. All this makes the city an obvious choice for those who are on a look out for property, from both commercial as well as residential point of view.

Buying properties in Noida can be a “too much to ask for” for a buyer as the rates are too hefty there. Seeing the huge price tags, it is generally the upper strata that is able to afford to buy. Still, with certain investments in hand, you can dream of buying a luxurious house or a villa in the city. And there are some “not so pricey” options too that you can look forward to. There are localities where rooms and houses are offered within the price range of 10-50 lacs, if that is not something that lies outside of your afford-ability in terms of budget.

The tech city is well- connected to the nearby areas like Delhi, Ghaziabad, and Gurgaon by metro and roads. Most of the real estate projects linked to Noida property have been constructed keeping the connectivity and the availability of amenities into consideration. You have an easy access to hospitals, malls, schools, parks which shows that the entire city has been constructed out of meticulous planning and feasible design. The houses here speak of luxury; they are rendered with all the extravagances expected out of a modern construction.

To buy or sell a property in Noida, browse through the site Makaan.com, the fastest growing property website in India. Choose your city and make a search of what you are looking for.

Property in Delhi/NCR

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Delhi has been the hub of real estate business for long, thanks to the commercialization that it has seen over years. Property in Delhi/NCR remains a hot topic throughout the year, a scenario that is attributed to the availability of the residences available and the fast pace at which new projects have been coming into being in the market. In response to the high demand for property, the city and its surrounding areas have captured a huge real estate market.

As far as the demand for the residential property is concerned, the city has never seen a downturn. Being able to meet the demands of an avant-grade society, it has remained popular among both sellers as well as buyers of the real estate business. For the buyers looking out for property in Delhi/NCR, the choices are unlimited. The areas in and around Gurgaon, Noida, Greater Noida, Ghaziabad, Faridabad, and Dwarka have seen an unprecedented growth in term of construction of multistories. This, in turn, has attracted a large chunk of population to seek residential property in Delhi and its adjoining areas.

Let's us have a deeper look into the Delhi/NCR real estate scenario at present. Apart from Gurgaon and Noida, there are several areas in the city itself that are particularly popular among buyers. See, for example, the status of property in South Delhi. The localities like Hauz Khas, South Ex., Greater Kailash,  New Friends Colony, and Chankyapuri are the favorites of elite and upper middle class. Most of these colonies are posh and the houses are laced with all the mod cons. So, the rates are obviously higher here, soaring to crores! If  money is not the major concern for you and it is the luxury you are looking for, opt for a house here.

In other parts of the city like Bindapur, Karol Bagh, Uttam Nagar, Kohat, Naraina, Hari Nagar, and many others, the rates are relatively lower and within the reach of the middle and the lower middle. Though not much of the new property Delhi is popping up due to lack of any worthwhile space left, the vertical construction is still going on.

If you are an owner or a developer and have some property for sale in Delhi, advertising on real estate portals can be a really good idea. There are many property sites that are dedicated to the buying and selling business; have a look through them and search what you are looking for. Makaan.com is one such portal where you can find both the residential as well as commercial spaces to buy, sell, or rent in major cities of India.
  

Indian Real Estate is Emerging and Attracting Investors

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India’s reputation today is no more limited as a retail and manufacturing hub but has also emerged to be a major player in the real estate market. The increasing urbanisation, rising incomes of the people and favourable demographics are some of the factors that has made it a hot investment destination. Infrastructural development is also one of the prime factors that influence the price rise of properties.

According to reports, although the Indian real estate industry has been volatile since the year 2008 because of the     global financial meltdown but over the years it reached new heights characterised by growth in demand with the infrastructure activities.

With the improvement of global economy, the prospects of Indian real estate market also showed positive signs. The residential segment witnessed a rise in the sales as it was fundamentally driven by rising incomes of individuals, infrastructure and urbanisation. Residential properties especially that are well connected to IT offices, malls and Special Economic Zones are in high demand as they cut down the time and energy wasted while commuting to work stations. Cities such as Gurgaon, Delhi, Noida, Hyderabad and Bangalore are some of the best examples of residential development.

The growth and expansion of this segment continued with the demand for luxury and lavish living lifestyle along with social infrastructure.

But the demand for small and good quality houses surpassed the demand for luxury housing units because of the affordability. Urban working class sees such residential units as a major investment option that would give good returns in long term.

To woo home buyers, developers are coming up with 1/2 BHK housing units with various attractive offers and schemes such as easy finance scheme, no processing fee and house insurance.

But home buyers realize that buying a property for investment purpose is a crucial decision and so instead of approaching real estate agents are turning to real estate websites. Taking the help of the property portals home buyers collate information pertaining to plots, apartments, villas, pent house and studios available for rent/lease/sale. They are trying to get the correct insights in regards of the rate of interest, price rise, right time to purchase and other significant decisions that would play a role in making the valuable purchase decisions. A good property website acts as an assistant by providing relevant information.

Because of the rising value and good returns from the properties, investors from overseas are trying to enter the real estate market of India.

Delhi properties have never lost its sheen in global real estate market

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Demand for Delhi properties always remain on high because it is the national capital and its proximity to the cities of North India. Deep-pocketed buyers are looking for every opportunity available to buy a property for sale in Delhi because the properties are on the list of India’s residential address.

The value of property Delhi have increased manifold over the decades. The areas of South Delhi and Central Delhi has skyrocketed in the last few years because of the social infrastructure and planned localities. The government authorities are planning to make the city a hot real estate destination in the global market.

The national capital witnesses the demand for properties because of the migrant workers and the government offices. And because of the short supply and housing demand from the working populace, Delhi is also a good rental property market. The 1 and 2 BHK category housing units are the preferred choices of the working class as they are low in rentals and affordable. For instance, the rent of 1BHK usually ranges from rupees 4,000-5,000 per month.

On the short supply and rising demand of houses the property prices of Central Delhi has shoot up to a great extent. According to reports, property such as Lutyen’s Bungalow Zone has increased 8-fold in the past decade. Owning a bungalow in Central Delhi is desire of several prominent industrialists and business tycoons. The bungalows and private properties that lie in this area are sure to fetch not less than 100 crores because of the high demand and low supply. 

Prices of properties in South Delhi are also increasing at an alarming rate with major realty developers are coming up with luxury housing projects. A report says that Godrej Properties has inked an agreement with Southend Infrastructure to develop a luxury residential housing project in Okhla Phase-1 which is located on the road that connects Greater Kailish and Mathura road.

Residential units in Delhi that are connected to NCR are in high demand. For instance, Dwarka, Anand Vihar, Vasant Kunj, Vasant Vihar, Pandav Nagar and Mayur Vihar are some of the locations that are well connected to Gurgaon, Noida and Faridabad that are IT hubs. 

Home buyers in Delhi consider a few conditions while searching for a property or real estate Delhi such as affordability, transport connectivity and ready-to-move-in property.

With the inclusion of three more districts in NCR, namely Bhiwani, Mahendragarh and Bharatpur experts believe that it will have a significant impact on the property prices and demand for real estate Delhi.

Makaan.com Introduces - Advanced Search

Shopping for a property can be time consuming, no matter where it takes place. Recently, Indian property portal Makaan.com conducted a research, which addressed this issue. According to Makaan’s study, first time home buyers in India spend between three to eight months in the search process (search time varies from one city to another).

It appears that buyers initially conduct a somewhat generic, or broad search, so to get an idea of the market, but as time progresses their criteria becomes more specific and focused. Recognising the need for a more specific search option, the property portal has just rolled out the ‘Advanced Search’ feature on its website.

The advance search offers over 10 parameters (as against four in the basic search) including property type, budget, city, location, age of construction, amenities, listed by, new or resale property and real estate etc. These options are tailor made to make the property search faster and sharper for buyers with specific buying criteria.

Commenting on the development, Aditya Verma, CEO, Makaan.com said, “The advance search feature was conceptualised post our recent research to cater to the requirements of buyers who have been in the market for some time and have firmed-up their requirements. It will be beneficial for the second or third time home buyers as well.”  

Growing Demand of Premium House for Rent in Bangalore

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Are you looking for an affordable house for rent in Bangalore? Are you worried about the rising rental values in the city? The rental market in Bangalore is considered to be robust compared to other cities. With multinational companies setting up their offices and creating employment opportunities the demand for rental house in Bangalore has surged. The rental properties usually include villas, bungalows, flats, pent houses and more.

According to realestate agents, the rental market is growing with expatriates choosing Bangalore as a preferred destination to work. The demand for rentals is increasing with multinational companies choosing Bangalore as destination to set up offices and creating employment opportunities.

Moreover, the other factors that make Bangalore a favourable destination to live in are world-class shopping centres, educational institutions, restaurants, excellent connectivity and cosmopolitan neighbourhood.

Many believe that rental value is also a major factor that drives expats to Bangalore . The rent of houses in Bangalore is reasonable unlike Mumbai. One can easily find a decent or premium house for rent in Bangalore in prime locations like Koramangala by taking help of realty portals.

Real estate agents view that they get impressive number of rental inquiries in a month through online from students, singletons and expats.

The rental value of locations varies according to the connectivity and amenities. Locations that are at proximity to the work stations and well connected with roads or Metro carry a higher rental value. For example, Bangalore’s Ulsoor area is a booming rental market as it is in the heart of the city and also has an investment purpose. One can find rented accommodation in this area in the range of Rs 75,000 to Rs 1.5 lakh which is definitely a far real distant dream for common man.

Individuals who intend to follow a low rental budget can also find 1BHK units that are designed for middle-class aspiration. Although they are compact and demands less maintenance but they are ideal for expats and also easily afford. However, the best way to find a compact size rent house in Bangalore with price tag is by browsing online. Smart individuals search for a low rental value apartment taking the help of popular property portal as they can filter the search according to budget, locality and amenities.

To meet the growing demand of rental values in Bangalore, developers are coming up with residential units that easily come within the reach of common man.

Flats in Bangalore Are on Record Sale

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Compared to other cities in India, Bangalore real estate has witnessed a robust growth and surge in the demand for flats and villas. Demand for flats in Bangalore has touched a new peak with the increasing residential capital value.

Developers are coming up with attractive and easily affordable housing units to cater the demand of both mid-income earners as well as wealthy class.

The super luxury flats in Bangalore are the new attraction for home buyers who want to live a standard lifestyle. The luxury residential units are attracting the wealthy. The luxury residential units are designed for smart and eco-friendly living that comes with a list of luxurious amenities. However, the luxury residential market has seen a major transformation in the few years. Moreover, enhanced connectivity through Metro rail have skyrocketed the value of the properties in central and suburban locations.

With the increase in the value of property, there is a significant momentum in the prices. But developers are trying to reinvent their offerings by augmenting new amenities with flats in Bangalore that include private pools, golf courses, private parking lot and more.   

But a few realty experts believe that larger valued properties are not selling at an impressive pace as they are being promoted rather compact flats in Bangalore are a hit. The small housing units with 1/2 BHK are easily affordable and so are highly preferred investment options.

On the other hand, the demand for small flats for rent in Bangalore has never lost its sheen among expatriates. The demand for rental space is witnessed an upswing. Expatriates are choosing Bangalore because the IT companies offer numerous job opportunities. Among the various locations of the city, expatriate prefer to stay in Koramangala because of the work opportunities, proximity to work stations and its cosmopolitan environment.

Moreover, the Outer Ring Road have given a boost to the commercial development to the areas attached to it. With the commercialisation, the housing units are also growing and consequently social infrastructure is also developing.

Many joint development projects are in the pipeline in the Southern Bangalore to meet the housing demand of the urban working class. Developers are offering 2/3 BHK flats at competitive prices along with amenities and facilities to attract home buyers.

Home buyers these days have become cautious and before buying Bangalore flats they scour for complete information pertaining to houses and compare prices that best suit their budget. Moreover, they collate information through realty portals about developers and its vicinity to make a well informed decision while buying a house.  

Noida real estate: Sector 121 and 121 an ideal destination for living

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If you have decided to buy a property in Noida and unable to make a decision related to location then it is worth considering real estate in sector 127 and sector 121. With the expansion of the city and new infrastructure it is projected that Noida property will shoot up in the coming years. Moreover, these sectors already got a social infrastructure.

Noida is a beautiful city with lush green parks and world-class residential unit, and excellently connected to Greater Noida, Ghaziabad and Delhi.

Now, property Noida is considered to be the most lucrative compared to other NCR regions. It is well connectivity with Delhi and commercialisation has made it a highly preferred investment destination. The Metro rail link is connected to the Noida City Centre making it convenient for public to reach prominent destinations of Delhi. Moreover, the road connectivity to sector 121 and sector 127 is the single advantage and expansion of Metro rail is in the pipeline.

Besides the industrial locations, there are primary and secondary schools in and around these localities. So, many experts believe that the sort of infrastructure these sectors offer it has become a highly preferred destination for end-user.

With the rising prices of real estate in Noida, finding an affordable rental accommodation in the city in sectors such as 18, 19, 60 and 62 seems to be hard. But the sectors 119 and 120 are ideal to find rental accommodation as the rental values is low. Flats in Noida of 2 & 3BHK are available for no less than Rs 12,000-18,000 per month.

According to Noida realty market experts, one prime reason why owners offer flats Noida at low rental in sector 121 and 127is the over-supply.

Major realty majors are coming up with housing units in these sectors as earlier only a few offered ready-to-move-in units in these sectors.

The city has also witnessed an increase in the number of multinational companies opening their corporate offices. Because of the coming up of offices it has resulted in migration of skilled and unskilled workers. Moreover, the state government to make living more comfortable are planning wide roads, shopping centres and hospitals which as a result have increased the value of the property in Noida manifold.

Noida real estate excels in many features compared to Delhi and those are roads, metro, industries, planned townships and education.

Smart home buyers are taking help of realty websites to find flats in Noida at discounted rates and developers who are offering schemes for easy finance.

Investors eyeing to invest in Bangalore property

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Bangalore is a lovely city with pleasant weather and geographical location. The excellent connectivity and job opportunities make the city a highly preferred destination to live in. With people searching for properties to settle down in the city the demand for Bangalore property has increased both in the domestic and global realty market.

Although the city has witnessed a demand of property, buying a property in Bangalore has become costlier. The city’s residential real estate market has grown over the years and recently more than 35,000 residential units were launched to meet the housing demand.

Bangalore property is considered to be lucrative and so it attracts investors both within the city and overseas. With the launch of residential units the absorption rate has also increased. Among the various locations of the city, South Bangalore has witnessed the highest number of new launches. The areas attached to the outer ring road are some of the prime residential locations that working class highly prefer because of the excellent connectivity to the offices.

The North Bangalore is preferred for both office and residential space. In this region, construction of various housing is in the pipeline. As more major developers are entering the real estate market to meet the housing demand it is expected that the prices will be slashed which in turn will benefit home buyers.

With the coming of new infrastructure projects, the value of Bangalore properties has escalated. Moreover, the government is also framing policies and infusing crores of rupees to boost the infrastructure of the city and improve the standard of living. However, it is a known fact that with the new infrastructure projects with shoot up the value of the Bangalore property.

According to reports, the city is best for expatriates to live in. Expats always prefer for rental Bangalore flats so that they can easily shift in the future without hassle. Moreover, with the coming of new multinational companies setting their corporate offices in the city the demand for rental flats in Bangalore has increased.

Buyers have become cautious and instead of relying on real estate agents, they are searching for flats in Bangalore with the help of real estate websites. The realty portals let them browse for properties, developers and compare prices according to the budget.

Bangalore property has emerged as a favourite investment destination for investors. With premium villas and luxury flats are coming the value of the properties are expected to increase manifold.

Delhi NCR properties has not lost its sheen regardless of slowdown

The slowdown in realty market can be an opportunity for home buyers. The Delhi realty market which is considered to be the most lucrative has also witnessed a downturn but the impact was less compared to Mumbai and other real estate markets of the country. So, the properties in Delhi have not yet lost its sheen.

But, home buyers can take advantage of the meltdown and find a property in Delhi NCR at reasonable price. Realizing the downturn, property owners and developers have also slashed the prices of Delhi NCR properties and are offering attractive schemes and offers to improve sales.

Over the years, the prices of Delhi properties skyrocketed because of the improved infrastructure and launch of Metro rail that connects the city. With the scarcity of land and short supply of houses the prices of Delhi NCR properties in certain areas have increased manifold. Moreover, with the development the prices of the areas located around Metro stations have increased manifold.

The fall in the Delhi NCR property market brings good news for home buyers who are thinking of buying a house or invest in property. Smart home buyers are planning to invest in residential property in Delhi because it could give good returns in long-term when the market recovers. A lot of projects that have been launched are now waiting for buyers. Most of the residential units are built with world-class amenities to give end-users live a life of luxury experience.

Home buyers who found that the prices were beyond their grasp now can breathe relief. This is a golden opportunity and so buyers are taking help of the online realty portals to find affordable properties in Delhi NCR in the quickest way possible. Taking the assistance of these realty portals buyers are comparing the prices of houses offered by different developers.

The NCR region is now well connected with Delhi through Metro rail link and so home buyers are also exploring the option to find residential units in Ghaziabad, Noida, Faridabad and Gurgaon. The realty market of these regions is also in demand because multinational companies are setting up corporate offices which will also create housing demand.

The capital city has witnessed a rise in property prices as interested buyers do not hesitate to shell out money to buy land. So, if you are thinking of buying a property in Delhi NCR, then it is the right time to search at www.makaan.com

Bangalore real estate brokers turning to developers with business booming

Brokers in Bangalore are turning into developers with Bangalore real estate business booming. A report says that real estate brokerage firms are now-a-days busy in developing residential projects. Such unit of developers are coming up with small size projects trying to meet the housing demand of middle working class who prefer buying compact flats as they are affordable.

Real estate broker is a lucrative business but irrespective of its profits, brokers are trying to focus on Bangalore real estate development projects because they are well aware it has a good future.

With the real estate Bangalore booming, the property brokers are trying to understand what home buyers want. Armed with good savings because of the booming realty market they are trying to spot relatively cheaper locations and build residential units targeting the urban middle working class. Many broker turned developers are at nascent stage and so are not taking huge projects.
Bangalore’s residential market is one of the robust realty market compared to other metro cities. Even during the global financial crisis, the realty market witnessed good sales.

Realty majors who have launched residential projects in various properties in Bangalore are reported sales.
According to experts, Bangalore is primarily end-user driven that makes it less volatile compared to other realty market.  Because of such reasons, investors do not hesitate to invest in properties Bangalore as they consider it to be a safe bet. According to a report, in 2012 more than 35,000 residential units were launched and around 8000 units in the first Quarter of 2013.

Over the years, Bangalore properties of certain locations have surged dramatically. In the year 2012, the Southern part of the city saw the highest number of new launches followed by the North. These projects are expected to be ready for possession in 2015. Smart home buyers are already booking flats for sale in Bangalore online as the prices are expected to rise within a few years.

Bangalore is believed to become one of the most sought after residential markets in India because of the upcoming infrastructure and excellent connectivity through Metro link. Moreover, the absorption level is expected to surge in areas along the outer ring road. Thus, Bangalore properties are expected to attract investors and home buyers owing to the proximity to the offices.

The adsorption level indicates Bangalore real estate business is booming and highly benefitting the brokers to expand their business significantly both in terms of the deal value and the number of transactions. To know more view at www.makaan.com

Properties in Ghaziabad is Thriving

Ghaziabad properties are always a favourite investment destination for investors because of its excellent connectivity to Delhi and infrastructure developments. Moreover, the development of the Delhi Metro rail project is like icing on the cake to the connectivity and makes it a hot realty market.

Because of the good connectivity and commercialisation, the residential segment in the city is flourishing. Well planned luxury residential units are coming up in the city and the areas attached to NH-24 and NH-58. It will not be wrong to say that these two national highways are major players that have turned the dusty city in a lucrative real estate market. So, it won’t be wrong to say that properties in Ghaziabad are thriving along the national highways. Earlier, in the year 2000, the properties in Ghaziabad were not considered to be a potential investment destination. But currently, Ghaziabad is one among the most sought residential unit in Delhi NCR.

With the development of the city, its close areas and suburbs such as Vaishali, Indiapuram, Kaushambhi and Vasundhara have also developed. Besides the Metro rail link, several flyovers are being constructed to connect the national highways and residential units which in turn will propel the realty market of Ghaziabad.

The good connectivity with Delhi now makes Ghaziabad a highly preferred residential destination. People from all classes are now searching for flats in Ghaziabad either to relocate or settle in the city. This city has now become the choicest option for individuals who work in Delhi and NCR.
Developers are also coming up with unique and standard luxury residential units to meet the demand of housing. Major realty players such as Raj Nagar Extension, Amarapali Village, Krish Vatika Group, Genesis Sky-Eon, Earth Iconic and more have already made their presence in Delhi NCR and offering luxury flats at highly competitive rates.

The coming up of residential units will see a rise in demand for Ghaziabad flats. According to reports, in the coming years, owning a Ghaziabad property will be a distant dream and there will be most sought address. With Noida city at proximity, the working class are already booking for flats in Ghaziabad because staying in this city save considerable travel time.

To make Ghaziabad a premium realty market, state government is also coming up with development plans and promoting industrialization in the areas along the national highways.  The properties in Ghaziabad that falls along the stretch of the NH is expected to grab maximum attention with the coming up of mega projects.

Ghaziabad that falls along the stretch of the NH is expected to grab maximum attention with the coming up of mega projects.

Properties in Navi Mumbai are the new hot investment destination

Realising the fact that property in Navi Mumbai is no less than a gold mine, property developers are making bee line to build residential and commercial segments in this city. Moreover, with the proposals to develop the city from its administration, now all eyes are glued on the properties in Navi Mumbai.

Another reason of the rising demand of properties in Navi Mumbai is the unaffordable prices of houses in Mumbai and its suburbs. For such reasons, property in India developers are coming up with affordable projects in the city with easy finance for the urban working class.

According to a report, the residential market in Navi Mumbai witnessed a growth in the year 2012, due to the high interest rates and whopping prices of residential units in Mumbai. Home buyers are also shifting their investment option from Mumbai to Navi Mumbai because the flats are being offered by developers at modest rates. Despite the growth of the residential segment the prices have not become unaffordable because of the easy availability of manpower resources. 

Developers of Navi Mumbai property are coming up with attractive offers and schemes to woo home buyers and increase their sales. 

Not only residential segment is enjoying the boom of Navi Mumbai property but IT companies and businesses are setting up their base for operations proving the city as the next commercial hub. Small shops and offices that were once seen as small investments are now gaining high demand.

Navi Mumbai property not only attracts domestic investors but also NRIs are looking forward to invest in real estate. With the downfall of rupee and dollar appreciating in value they are eyeing for every possible opportunity to invest in property in Navi Mumbai. With such determination they are taking help of realty portals to find potential property in the city that can give good returns in the future. As a result, the demand for flats in Mumbai is rising.  For example, Makaan.com, a leading and highly preferred realty portal site, is the favourite of home buyers as it allows them to identify the right market and invest in the potential real estate or flats in Navi Mumbai that are good investment options.

The biggest news is that Navi Mumbai property posses all the features of a serious growth and expansion of various businesses thus making it a favourite destination for business professionals.

So, home buyers who are waiting for the right moment to invest in potential properties can consider Navi Mumbai realty market as the safe bet.

Mumbai property developers see smaller homes as good investment options

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It will not be wrong to say that Mumbai is the most expensive city in India. Purchasing and renting properties in Mumbai seems to be distant dream as the prices keep surging every year. Compared to other cities, the home prices in Mumbai have appreciated by an average 66%, a report says. Because of the continuous price rise of real estate in Mumbai, the city has become a favourite investment destination for investors.

In the recent years, the prices of Mumbai real estate have skyrocketed because of the limited land supply and also people are looking for luxurious residential units that could provide standard lifestyle. On the other side, the absorption rate is getting better as salaries of individuals have increased over the years which is a major factor that are helping home buyers to take a decision on purchasing Mumbai properties.

Mumbai real estate is a highly preferred investment destination as it might offer impressive returns. Not only the premium residential units are a hit but small homes are also in great demand. Singletons or expats always prefer to rent small houses as it easily comes within their budget and also serve their purpose. So, developers see an opportunity in the smaller houses irrespective of the rising prices of premium residential units.

The urban working class are well aware that finding a Mumbai property at a reasonable price might be a dream but they are confident that they can easily afford to buy at least two-bedroom apartments.

Property developers are also coming up with smaller residential units to meet the housing demand of the working class. Developers are trying to meet the demands by offering least two bedrooms possible. And to woo home buyers they are offering schemes and discounts which smart home buyers are taking advantage.

There are home buyers who are cautious while buying a property in Mumbai and take help of realty portals to collate information on trending properties and prices. Through real estate Mumbai portals, home buyers can easily find developers and builders who are offering residential units at highly competitive prices. For instance, Makaan.com, a leading property website that connects buyers and sellers, offers property listings making it easier for home buyers to find featured properties and apartments with specific to location.

Mumbai property developers who earlier believed that smaller residential segment gives lower margins now have realised that they are good investments in a one-bedroom category.

Demand for Chennai real estate grows manifold

In the recent years, there is a rise in the demand of the properties in Chennai with the coming up of several luxury residential projects and IT companies setting up operations here. Reports say that real estate Chennai market is expected to remain stable in the year 2013 and also property registration in Chennai seems to be clawing back after the financial slump.

 
Even with the rise of demand and prices of properties in Chennai the retail real estate segment has remained upbeat. This positive impression has attracted major developers like Purva, Pacifica, Unitech and Sai Harini to develop residential units to meet the growing demand of housing. The developers are offering attractive offers and schemes to woo home buyers and boost the sales. Among the various schemes, offering easy finance and house insurance are some of the popular offers that developers have for home buyers.

What drive the demand of Chennai real estate? Unlike many cities, Chennai is not dependent on a specific industry. The city has a range of industries such as logistic, IT/ITES, manufacturing, automobile and more with specific to region. So, the demand and prices of each location varies with specific to the industry and infrastructure. Moreover, certain locations with good connectivity and infrastructure development have become the highly desirable property for owning a house. And the names of a few areas are Muggapair, Perambur and Old Mahaballipuram.

Finding potential Chennai properties as investment option is not a hard nut to crack. Just take the help of popular realty sites that offer information on all major cities. Property websites www.makaan.com provide home buyers or sellers with information so that they can take well informed decisions while buying or selling a property. With the help of realty portals it becomes lot easier to find properties meant for sale/rent/lease according to budget categories and location specific.

Compared to other locations in Chennai, the northern regions of the city have seen the maximum appreciation in residential prices. The prices of many properties in these areas have even increased manifold. The city has also witnessed the growth of price in terms of per sqft over the years.
The growth of Chennai real estate is impressive in comparison with other cities and it is expected to remain firm in the coming years. Moreover, with the setting up of more industries and creating employment opportunities investors are desperately willing to invest in real estate.

Properties in Gurgaon tops the demand chart among NCR

A report says that Gurgaon property tops the demand charts among the National Capital Regions in office, retail and residential space. Developers and real estate investors are looking for every opportunity to invest in this hot destination. A few factors that make Gurgaon a highly preferred investment destination are the upcoming world-class residential projects and well connectivity to Delhi and Jaipur.

Properties in Gurgaon currently are considered to be gold mine. The prices of properties in Gurgaon are skyrocketing because in other parts of the NCR there is lack of infrastructure. Although in certain areas land is available but due to the lack of connectivity the demand is low. Compared to the other metropolitan cities such as Hyderabad, Kolkata, Chennai and Bangalore there is a higher number of residential units.

There has been a continuous rise in the demand for property in Gurgaon with the coming up of multinational companies and housing units. The growth has also influenced the areas located close to that usually include the exquisite Maneswar, Sohna Road and Pataudi Road. The other sectors of the city are also in great demand such as sector 99, 85, 82 and 37.

Developers are rushing to Gurgaon with both residential projects and commercial projects to meet the supply. Renowned developers such as MGF EMAAR, Ansal, DLF, Unitech, CHD and more have already started offering residential units to home buyers at highly competitive prices. Most of the developers are even adopting theme-based housing projects to meet the demands for people who want a standard lifestyle.
Gurgaon properties offer opportunities for investors with promising returns. Besides residential projects, office space also offer good prospects for business professionals who want to set up operations close to Delhi. The world-class infrastructure is sure to augment the value of the properties of Gurgaon in the times to come.

What makes Gurgaon a hot realty market? Gurgaon is well connected to Delhi and other important commercial cities such as Noida and Faridabad. Moreover, its proximity with airport and the upcoming aerocity makes it a potential investment option with best return. Smart home buyers are taking the advantage of property sites to search and locate developers who are offering residential units at highly competitive price.
With new players entering in to the realty market of Gurgaon the competition among developers is expected to increase that will directly benefit home buyers. So, eventually the demand for properties in Gurgaon is expected to rise more in the coming years that make it a hot investment destination.

Buying a property in Bangalore is no more a distant dream

Bangalore property continues to be a promising real investment destination for investors. Some of its areas are known to be most expensive in India compared to other metros. But the good news is that Bangalore still remains the most affordable residential market. And so Bangalore flats are highly preferable investment options.

Since the demand for flats in Bangalore is shooting up, it is a good idea to go for house hunting and invest in it. Your efforts might pay well if you are able to find a potential property. However, the best time to find house is on a rainy day. The demand for properties in the monsoon is less. During this season, the number of enquiries decline and developers offer attractive deals to customers. They even show their willingness to negotiate on property rates and give home buyers the best deal available.

During this season, it is seen that developers try to attract customers by offering discounts on their usual offers and reduce inventory levels. Many developers come with schemes such as no pre-EMI, zero booking amount or at the time of booking they are asked to pay a fixed percentage of the price on Bangalore flats. Other additional offers are free furnishings, free parking, cash discounts and more. Smart investors take the advantage of such offers because they can save a considerable amount of money from such offers. However, you should note that the discounts and offers vary depending on the developer and project.

But hunting for a house could be a painful experience during this season. However, taking the advantage of realty websites you can make your search easier and find a good property in Bangalore or luxury Bangalore flats at a reasonable price. The realty sites help you connect to owners/developers of the flats in a simple way. Home buyers could check the flats through the pictures uploaded on the site whether the flats are in a good condition or need maintenance. With all these advantages, one could easily assess whether a flat is suitable to live or is it a good investment option.

According to reports, more than 77% of Bangalore is the under-construction units and the prices usually start with Rs30-40 lakh. Only 5% of the under-construction flats costs over Rs one crore.

Taking the help of realty sites, one can also find developers who offer easy finance with the help of bank. To know more about bangalore properties view at www.makaan.com

Choosing the lucrative property site in India

The demand of Indian properties in the global market has increased manifold. In the past decade, prices of luxury properties in major cities have surged because of the coming up of varied infra projects, modernisation of cities and commercial projects. Because of such reasons, properties in India are seen as a good long-term investment option that could yield much higher returns. So, buying a property in India has certain benefits which many smart investors are noticing.

In the realty market, the old adage ‘buy low sell high’ seems never to be out of fashion. There are varied potential property sites in India with promising returns that can give investors a good dividend. But the challenge is to find one at reasonable price. Smart investors are shifting their search online instead of relying much on real estate agents because the web offers a range of options including facilitation of transaction between home buyers and sellers.

More and more people are visiting real estate websites as it allows home buyers to find easily their desired India property within their budget.
The realty market of India is experiencing a period of greater stability that is well reflected in its prices. The market is experiencing positive changes with the development of housing and office segments. Moreover, the economic reforms that favours home buyers the realty market of India is in a new phase that is characterised by cautious demand.

The demand of property India has surged over the years but at the same time purchase capability of people has also increased because of the growing economic status. Additionally, easy finance or house loans have kept the realty market afloat even during the period of gloomy economy.
  
Real estate seems to be the hottest investment instrument. Although realty market of India is emerging but a lot of factors influence the realty market. And India having its own uniqueness, its realty market plays a crucial role in formation of growth and business. In the housing segment, the demand and supply seems to be well balanced. The demand for luxury housing units often outpaces the supply in cities like Delhi National Capital Region, Gurgaon, Mumbai and Bangalore. And these are certain property sites in India that investors do not hesitate to invest.

While the majority of population prefer to live in cities, real estate in metros has become a highly preferred investment option compared to gold and other traditional investment instruments. To know more view at Makaan.com

Benefits of considering real estate websites while buying or selling properties

Buying or selling a property is a tough decision and so we always seek for the best deal or property. Moreover, who wouldn’t want to save a percent of the sale price? Property websites have simplified the way people buy or sell properties. The real estate websites have become more of a destination or platform for home buyers and sellers to connect to each other and facilitate transaction. Home buyers are highly benefited from realty sites as they can easily find information on properties and developers with the click of mouse.

Speculative home buyers are taking advantage of the popular property sites in India to collect news or information on realty market and trending prices. Many India property sites even allow its customers to post their requirements and get alerts with specific to location, budget and amenities. Through these sites, home buyers can browse luxury apartments in varied residential units built by varied developers that suit their preferences and prices.

Wouldn’t it be great to get a peek of the house or property you intend to buy? Exactly, without being at the spot properties sites let you view the house/flat/apartments/villa meant for sale through pictures uploaded by the owner. Home buyers can view the pictures and get a fair idea of the rooms, lawns, windows, balcony and take decisions.

Anyone can spend a few minutes online and collate information on houses or real estate and compare them whether a specific house is overpriced or under priced. Although real estate agents are capable of providing data on houses within their locality but in the best-case scenario, home buyers can contact the owner of the property directly through real estate websites who have put it on sale and negotiate the price.
 
Compared to local real estate agents, properties sites offer information on a range of plots, apartments, villas, pent houses, PGs available at varied prices. Many a times, agents do not share information with buyers, such as, if an owner is willing to offer a discounted price on its property. So, transparency is one of the factors that make realty sites highly popular. Home buyers can easily find properties online that carry the tag of discounted price.  Moreover, the sites also provide tools to calculate the prices of varied properties.

Demand for India properties is surging in the global realty market and investors are eyeing for potential properties to invest. With the coming up of commercial and premium luxury projects, the value of plots and real estate have surged in the recent years.

Real estate India a lucrative investment destination

Real estate is considered to be a lucrative investment option. The property investment market in India has recorded a growth signalling to be a good future. According to Cushman & Wakefield report International Investment Atlas, Indian real estate was among the top 20 real estate investment markets during 2012.

Many realty market experts view that buying a property in India is similar to buying gold and putting it in bank. Not only investors but even urban working class highly prefer to invest in real estate as they believe the investment would definitely give good returns. 

Compared to buying shares & stocks, many consider real estate to be a safer investment option. Moreover, buying a plot or house signifies financial security for a family. Many view it to be a wise and long-term investment with practical utility. But the fact property as a lucrative investment needs time to give good returns.

With the rising market of Real estate in India, investors are eyeing to invest in residential units and commercial development sites, leases and more. Smart investors and home buyers are browsing the realty sites trying to spot good deals across the country or in all major cities. The realty sites are indeed helpful in finding potential property with specific to location, budget, locality, space and other amenities. Home buyers or sellers even post their requirements on realty sites such as Makaan.com to find properties that perfectly match their requirements.

In India, it is seen the urban working class are more inclined towards making investment in emerging Tier-II and Tier-III cities such as Chandigarh, Pune, Bhiwadi and more. 

Reports say that huge investors or professional investors choose properties from Tier-I such as Bangalore, Hyderabad, Mumbai, Chennai, Delhi, Noida and more. However, a survey reports Mumbai realty market continues to be most unaffordable because of the city’s under construction units are priced at over the whopping amount of Rs 1 crore.

Indian real estate is attracting not only domestic investors but also NRIs who are looking for a safe investment option to invest their money or thinking of settling down a few years later. 

Though the prices of real estate in India are incessantly increasing because of the premium projects and new infra projects the absorption rate has hardly been affected. More and more developers are coming up with luxury residential projects which will only create a positive impact on the realty market of India.