Properties in Noida Faring Well in the Realty Market

Noida Property at Makaan.com

Considerable infrastructural developments and the boom in realty market are the chief characteristics of the cities in North India, and Noida is one of them. Look a few decades back and could you conceive it as a IT hub? Most part was lying barren and almost negligible infrastructure. But today, it is shining, both in terms of overall development as well as realty growth. Its performance in the real estate market has remained above average, if not excellent. 

Buyers and investors can be seen flocking to the city in large numbers. A reason why end-user has eyes on buy house in Noida is that the residential rates are still lower than in cities like Delhi, Mumbai or Gurgaon, so it is still affordable. This year, the rates have appreciated well and this can be good for the investors. High cases of fraudulence and lack of civic amenities are some of the negative factors that have proved stumbling blocks to city's real estate development.

Let's talk a bit about the current rates of residential spaces. The per square feet rates of property in Noida in the areas where  rate fluctuates between  between Rs. 3000/- and 4000/- are Greater Noida, sector 151, sector 2, sector 10, sector 16, sector 143, and Noida Extension. In Noida Extension, buyers are at the disposal of properties within the 24-50 lacs range. The per square feet rates ranging between Rs. 4000/- and Rs. 5000/- are available in the sectors 144, 117, 62, 129, 133, 76, 70, 79, 50, 128, 131, 168, 93A, 62, 86, and Taj Expressway. For  higher per sq feet rates, you can go for localities like 168, 119, 76, 100, 110,  32, 61, 25A, 93B, and 45. In sectors 61, 25A, 94, 45, a 2-BHK can cost you anywhere between 70 lacs and 1 crore.

Search for  properties in Noida over the real estate portal, Makaan.com. Look for single rooms, independent houses, studio apartments, shops, office spaces, villas, and other Noida properties over site. The properties between different price brackets are available.

Properties in Mumbai Witnessing an Upsurge in Investment and Slump in Buyer's Market

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The market for Real Estate Mumbai Property that was lying low due to excessive inflationary rates, has, now, managed to come out of its box: the recent deal worth 57 crores for a duplex flat says the same story. Considered as one of the larger-than-life-life deals that Indian realty market has ever witnessed, the conception about the city that the demand from the elite has died away has been falsified. Though the rates are still skyrocketing, thanks to the huge capital rates, the NRI segment has kept the demand all high by striking hefty investment deals. The investors from countries like Hong Kong and United Kingdom have shown inclination towards putting their money into ultramodern apartments and commercial arcades.

The recent tie up of Donald Trump with India's Lodha Group is yet another proof that foreign investment is indeed there to save Mumbai properties from sans buyers situation. This infrastructural company had earlier done a deal in Pune, and now Trump has chose Mumbai as their next target. The project comprises of ultra-luxury residential complexes that would be meant for elite or affluent class. Lately, the craze of Indian developers to get themselves associated with some world-renowned brand name is going too high.

This was all about high-end property projects. But if the properties in Mumbai as a whole are  taken into consideration, there are only a few reasons for smiling for developers and builders. The inflation has gripped Indian economy very well, and it is the middle class that has to bear the brunt. Like other cities, properties in this city too are undergoing a down-phase in the buyer market. The demand has stooped to a low value, thus making the supply in excess. The prices are not getting corrected, and in light of that the demand-supply ratio has gone out of proportion. On searching some property sites, you will see that the rates have exceeded all the limits in South and Central Mumbai.

Buy, rent, or sell properties in Mumbai over Makaan.com, a leading property sites in India. Get to know the Mumbai properties that fall within different price segments and offer several amenities to the end-users.

Rates of 2 BHK Properties in Ahmedabad

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A home to textile mills and pharmaceutical companies, Ahmedabad is one of the budget localities to buy a 2 BHK house. The city ranking among the biggest creditors that contribute to Indian economy, keeps its head high, as far as, infrastructural development is concerned. It is also an important center for automobile industry. But, unlike other tier-1 cities like Delhi or Mumbai, it has not undergone mindless escalation in realty market. This can be seen form the fact that property in its several parts still wears the tag of 'affordable'. Analysis of the rates of 2 BHK residential properties below indicates that it is still under the budget of the buyers.

Consider a two-room property in Ahmedabad. Most of the buyers expect to make a buy of 2 BHK staring from around 20 lacs. And there are indeed several localities where a flat for buying is available at a price beginning at 20 lacs or even less. A few names worth mentioning here are Gota, Gandhinagarm Motera, Ghodasar, Maninagar, Vejalpur, S.G Highway, Naroda, Narol, Vastra, and Odav. At Vastra and Naroda, the rates are quiet low: the starting price falling in the range 10-15 lacs.

Noe consider the localities where the rates are a bit higher, i.e. two-room Ahmedabad housing properties falling in the range 20-30 lacs. Bopal, New C.G. Road, Vastrapur, Makarba, Satellite, Bodakdev, Chandkheda, C.G.Road, Vasna, Ambawadi, Anand Nagar, Thaltej, Nehru Nagar, Kanaria, and Shahbaug. The upper limit in these particular area too is variable, depending upon how developed the colony is and how is it fairing in terns of residential properties. The uppermost range varies between 35 lacs-70 lacs. For plush colony like Satellite, however, the property rate can be as high as 3.25 crore. The still costlier localities form a 2 BHK purchase include Gurukul, Ramdev Nagar, Pladi, Naranpura, and Mem Nagar: beginning at a price above 30 lacs and going as as high as 1 crore.

The maximum for 2 BHK flats in city are dotted in colonies like  Satellite, Maninagar, Gota, and Prahlad Nagar. These areas are doing very well in terms of IT development.

Makaan.com, the leading real estate websites helps in doing an easy and quick property search online. Buy, sell, or rent the properties in Ahmedabad at cost-effective rates. Join forums for Ahmedabad property and get to know about the current scenarios of the realty market

Numerous Ways You can Benefit from Real Estate Sites

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Last week, a friend of mine asked for my suggestion: she is looking for a 2 BHK in Gurgaon, but has no idea about the sectors that are good enough for her. I mean, she had no clue about what localities would be worth searching for. Without any procrastination, I recommended her to explore some real estate sites. It is not that she was completely oblivious of such portals, but she definitely did know about how she could made a selective search of what she desires. She did not know about what extra she could get from them, besides locating property.

I am literally a fan of property sites. I have repeatedly used many of them and now, I have a fair idea of how useful they are. Most of them allow searching particular property on the basis of several parameters like location, price range, age of construction, and several others. By selecting them, you can get the results that are very close to your requirement. Often, they provide the user the flexibility to choose the spaces advertised by landowners, developers, or agents. In addition to buying, you can also sell or rent properties that you own.

What more can you do on a real estate website? You can get to know about the latest projects floated by the builders. You can also keep yourself abreast of the ongoing price trends, on a quarter-to-quarter basis, and compare the values over a given time-period. Join their online forums and participate in property discussions. Gain from the experience of the other users, on one side, and get tips to buy home from the real estate professionals, on the other. Read reviews others have posted and know what had been their experience.

As I have been the regular visitor of some of such sites, I have got to see a unique thing recently. A few of them (not all) offer the end-users select a residential or commercial space by making use of a map of a particular locality. Such type of search, in addition to being eye-appealing, allows you to look for the amenities like educational institutes, hospitals, malls, and shops located in the vicinity of a particular location. In India, such a map-based functionality is still in its infancy.

Makaan.com is a real estate website that lets users search properties at the click of a mouse. Buy, sell, or rent residential and commercial spaces in different states PAN India.

Property in Delhi: Prices Bent towards the Higher Side of the Graph

Property in Delhi at Makaan.com

Delhi is notorious for its property prices, that usually cost a buyer an arm and leg. The per square feet rates in most of the localities are too high. Though we have been hearing about the price correction in some of the high-end colonies, yet the rates are still inordinate. Take, for instance , Chittaranjan Park or Gulmohar park. The psf(per square feet) rate in both the areas vary between Rs. 23000-26000/ sq. ft. Same is the story for Vasant Vihar(34000/sq.ft.), Panchshila Park(26000/sq. ft.), and Defence Colony(32000/sq.ft.), The values mentioned here are only approximate, but one thing is for sure. The rates have gone through the sky, and for a middle-class end-user, making a purchase has become a thing only to dream about.

If you are on the look out for a property in Delhi, you should be aware of the average rates prevalent in different parts of the city. While some have been mentioned above, they do not cover all.  Vasant Kunj, Vikaspuri, Patparganj, Rohini, Ajadpur, Pitampura, Saket, Shalimar Bagh, East of Kailash, Janakpuri, and Kalkaji are the areas where the rates remain above Rs.10000/ sq. ft. They vary anywhere between 11000-20000/sq. ft.  The localities that have average rates a bit lower can be found in Uttam Nagar, Aya Nagar, Mehrauli, and Dilshad Garden.

In the last quarter; i.e. Jul-Sep, the real estate prices have seen a good appreciation in many localities. Budget areas like Uttam Nagar and Aya Nagar underwent the escalation of 12% and 7% respectively. An approximate 2% increase on quarterly basis has been witnessed in Azadpur, East of Kailash, Saket, Greater Kailash, and Vasant Viahr. The drop down was observed in Dilshad Garden. Gulmohar Park, Vasant Kunj, Motinagar, Mayur Vihar, Hauz Khas, and Safdarjung Development Area. So end-users who are eying on buying a property in Delhi, investing their money in these areas can be a good decision.

Faridabad Property: An Affordable Market for Real Estate

Faridabad property at Makaan.com

Faridabad scores decently high, when it comes to its potential as the next real estate hub. Given that it is not throttled with overpopulation and still carries some fresh air to breathe in. Seeing the way cities like Delhi and Gurgaon are bearing the brunt of overwhelming prices and lack of space, this city can be the next best option. Faridabad property is garnering the attention of middle-class buyers: the rates in some of its colonies are still within the reach of an average buyer. Big developers are now eying the city as their next center for floating new projects. Pick up a real estate newspaper and you will see a plethora of ads that focus on upcoming or under-development projects in various sectors of the city.

As our point of interest here is affordable properties, let's see what are the major options that offer you cost-effective houses. Palwal, Neharpar, Sainik Colony, NIT, and Surajkund are some of the localities that can offer you a 2 BHK within the price range 25-40 lacs. Palwal is situated over NH-2 and is a part of Kundli-Manesar-Palwal Expressway or Western Peripheral Expressway. This gives it an edge over other areas: a network of overpasses, underpasses, over bridges, and minor bridges imparts excellent connectivity to Delhi, Noida, and Greater Noida.  Faridabad property, especially 2 BHKs, are available in the price range 15 lacs-30 lacs.

At Neharpar, better called Greater Faridabad, comprises of sectors 75-89, and is considered a good budget area. The locality is known for rapid commercial development, skyscrapers, and wide roads. Like Palwal, its strategic location makes it easily accessible to other cities of Delhi/NCR.

Makaan.com, one of the leading India Property sites, lets user to buy, sell, or rent residential and commercial spaces in different price segments. Keep yourself informed of Faridabad property trends and be part of real estate forum, as provided by the portal.

Crossings Republik: One of the Best Colonies for Buying Ghaziabad Flats

Ghaziabad flats at Makaan.com

Planning to relocating to Ghaziabad? If you have already chosen the city where your next dream house would be, I must tell you, the idea is not that bad. And if your chosen locality is Crossings Republik, you carry a wise head over your shoulders. Why? The answers are many... Apart  from being one of the biggest sub-urban areas of the city, this locality stands out in terms of residential and commercial development. One looking for a plush locality and highly infrastructure for buying flats in Ghaziabad, Crossings Republik is the answer. Let's talk a bit more about this plush locality...

The locality came into being from the collaboration of 7 top-notch developers in India: Anjara, Gaursons, Mahagun, Supertech, Assotech, Pancsheel, and Paramount. The idea was to create a society that would have apartments offering luxury and comfort at their best. In spite of this, they would still be affordable to the middle and the upper-middle segments. The price bracket of Ghaziabad flats in this particular locality ranges between 12 lacs and 60 lacs. The flats are 2, 3, or 4 BHKs, with maximum number of 3 BHK apartments. And what about their areas? The apartments range between 850 sq. ft. and 3500 sq. ft.

The demand is highest for the flats that have per sq. ft. area lying between 1200-1600; the next prioirty is for flats with 1600-1900/ sq. ft. The total area occupied by all the flats in Crossings Republik is 360 acres. And they have all what can be expected of an avant-grade society. These flats in Ghaziabad carry all the word-class amenities: Meticulous designs, 24 hr security, CCTV, Golf courses, shopping malls, retail markets, and what not.

Makaan.com is one of those property sites in India that allow users to buy, rent, or sell Ghaziabad flats in different price brackets. Choose depending upon the location, prices, and type of property.

Residential Property in Delhi: Fallen Prey to Financial Crisis

Real estate in Delhi at Makaan

Indian real estate is going through a really bad phase. As they say, a problem never comes alone, and this is perfectly apt for the realty market that the country is facing. The skyrocketing prices, the financial crisis, and the degradation of rupee against the mighty dollar has left no stone unturned for properties to tread an uneven path. One of the cities that have suffered immensely out of all this is the capital city Delhi. The elephantine rate at which the prices have increased has worked against the buyers' sentiments. The demand, as a result, has gone an all-time low.

The developers who have been putting all their energies in raising the rates of residential property in Delhi, are now facing the consequences of their deeds. With thousands of inventories lying vacant from more than 20 months, they are getting sleepless nights. The bubble that they created to empty the pockets of the buyers is all set to burst anytime. As soon as that happens, the rates shall start plummeting. The price correction has already occurred in South Delhi localities like Greater Kailash and several others. If the bubble continues to deflate, the demand shall rise. It is obvious that the buyers who are reluctant to make a purchase shall go on with their decision.

To win their clients back, the developers and the builders have now resorted to new means. They are approaching them with several cash discount offers and freebies. Sedans, LCDs, microwave ovens, free EMI periods, zero registration duty, and 10% discounts are a few tools that they are employing as their marketing strategies. All these sweetening devices are not going to appease the buyers, who have already under the burden of inflation. We can only hope that prices get corrected and the residential property in Delhi shall again see a rise in demand.

Makaan.com, the Indian real estate website with intelligent search facility, allows searching residential property in Delhi and other cities. Buy, sell, or rent 1, 2, 3 BHK flats, villas, condos, shops, offices, and plots in different price brackets.

Flats in Navi Mumbai No Longer Affordable

Flats in Navi Mumbai at Makaan.com

The developers PAN India are reaping what they had sown years back. They, to accumulate tons of wealth, kept on raising the prices on one pretext or the other. Though in some cases, their reasoning was genuine, in other cases, they let the appreciation happen by creating artificial demand. Take the case of flats in Navi Mumbai. The rates of residential properties in this city have scaled all the way up in recent years. The coveted developers, instead of sticking to the cut-rates, allowed the price escalation. What was the result? As the rates in Navi Mumbai (like other cities) scaled up, a buyer's sentiments turned negative. They wavered from making a purchase.

The trend continued and the demand eventually came down. With no buyers, the developers resorted to other means for bringing them back. Their freebie offers like sedans, ovens, LCDs and financial discounts in the form of zero EMI periods, nil preferential location charges, and one-time free parking did only little to lure back the buyers. The prices of flats in Navi Mumbai is still going high. A 2 BHK property in Khargar, Kamothe, Kalamboli, Nerul, Sea Woods, and Belapur has extortionately high rates: ranging between 50 lacs-1 crore, for a 2 BHK apartment.

The other localities like Taloja, Ghansoli, Juinagar, Ulwe, Mansarovar, Navde, Rabale, and Sanpada too have high rates. A two-room apartment in these localities are available between the range 30-90 lacs. As per the price trends collected from property websites, the tag of 'affordability' suits only to a few localities like Panvel and New Panvel. Such a situation can put the realty market in Navi Mumbai in jeopardy. If the rates are not depreciated, the real estate shall see a stagnation in the near future. It is high time that the builders and the developers let the price correct. Until that happens, Navi Mumbai shall follow the footsteps of Gurgaon, and Delhi, where the property bubbles have started bursting.

Makaan.com, one of the fastest growing real estate websites in India, lets you buy, sell, or rent flats in Navi Mumbai and other cities. Search on the basis of criteria like location, price, age, and type of property you prefer.

Navi Mumbai and Thane: The Budget Localities for Rental Flats in Mumbai

Property at Makaan.com

Navi Mumbai and Thane are considered as the cost-effective localities for the tenants looking for real estate in Navi Mumbai. These twin localities are considered most preferred areas for those who are low on budget. Having lived in Thane for almost 2 years, I have a fair idea of the rental areas in its different localities. The rental rates, since then, however, have appreciated too much. What we were paying monthly was 9k for a 2 BHK unfurnished flat in Kalwa. Along with this, we also paid a deposit of Rs. 40000/-. Let's see what are the average monthly rentals in other areas of Thane and Navi Mumbai.

A few popular localities in Thane, where you can find a 2 BHK flat on rent in Mumbai in the 20-30k range include Manpada, Pokhran Road, Vasant Vihar, Pokhran-2, Thane (W), Khopat, Ram Murti Road, Ghodbunder Raod, Teen Hath Naka, Majiwada, Louis Wadi, and Hiranandani Estates. The lesser rates can be expected at Ghodbandar Road: a 2 BHK apartment with monthly rental between 9k-17k is  available here for the tenants. At Kasar Vadavali, the rate as low as 4-5k can be expected.

What about rental flats in Mumbai in the Navi Mumbai area? The localities where you can find flats within the rental range 8-20k are Khargar, Seawoods, Kamothe, New Panvel, Mansarovar, and Balkum. The average rates at localities are: Nerul (15-30k), Airoli(15-17k), Vashi (20k-2.5 lacs), Koparkhairane (18-22k). To rent a house in Mumbai in Navi Mumbai at cost-effective rates, Khandeshwar can be the best option. Here the per square feet value is as low as Rs. 7/-. A 2 BHK at Khandeshwar would cost you somewhere around 7-8k.

If you are searching for flat on rent in Mumbai, Navi Mumbai and Thane stand out as the best budget options. The rates are flexible and with a little negotiation, you can fix the rate with your landlord.


Buy flat on rent in Mumbai over the real estate portal, Makaan.com. Search on the basis of parameters like price, locality, age, and status

Property in Delhi: Prices All Set to Correct in the Coming Months

Delhi Property at Makaan.com

While every now and then, our talks about property in Delhi are highly focused on an exclusive topic: the prices in the city. Here too, I am going to have a few words about the ongoing rates in the capital. But this time, I am not going to rant about the skyrocketing rates, the reason being that these are going to see a steep fall in the coming months. As per the Jones Lang LaSalle report, the prices of the Delhi's residential properties are all geared to see a downfall. The main factor behind this is that the number of inventories lying vacant has reached a high value.

It can be seen like this: the prices kept on escalating year after year. The developers made it sure that the rates rose steeply, and that they did not correct. They, by creating an artificial demand market, let the prices soar like anything. The results were not good. The demand for a property in Delhi started tumbling. Even the elite segment found the properties out of their budget. As the demand started falling, the number of unsold inventories kept on building, month after month. And as the situation worsened, the developers were left with piles of unsold inventories. This, in turn, resulted in step-downing of the capital rates

In general, the average period for the unsold properties is around 15 months, but in case of Delhi, it has reached over 23 months. Such a scenario suggests that the prices are going to see a fall. An estimated depreciation of 12% is expected in the city. This would be good for the end-users who were holding themselves back from making any investment on real estate. The market is already seeing a correction in some localities of South Delhi. The prices in the localities like Vasant Kunj and Defenece Colony had crossed all the possible limits.

The developers had enough of their manipulations of property in Delhi; now the market trends are expected to incline towards end-users. And with market going in favor of buyers' sentiments, the demand shall rise again.

Makaan.com, a property websites with intelligent search facility, allows the end-users buy, sell, or rent property in Delhi, and other major Indian cities. Buyers can locate properties in their preferred localities and within the price-brackets that suit them the best.

Prices of Mumbai Property are Expected to Correct in the Months to Come

Real Estate India

Whenever we talk of Mumbai property, the first thing that comes to our minds is the monstrous price. I had gone to Mumbai some 3 years back, and the first thing my landlord asked me was: Do you have a great salary? I was a little annoyed and thought how is this concern of his, as long as I am paying him his monthly rent. As I stayed there for about 2 years, I got to know why was he asking such a question. To thrive in a city like Mumbai, you really have to have a big pocket. And as far as property rates are concerned, they are immensely high. Before I landed this rental house, I had made an extensive search of the budget properties. What I got to know from all this was that even an unfurnished 2 BHK house (which they call 'bungalow'), you need to pay a pretty high rental. And if you don't have a good salary to back you, you shall end up living in shanties.

That was about my experience of real estate in the city. As per current scenario, the prices of inventories has reached such a skyrocketing level that the demand has dwindled over time. This year saw a 12% decline in the demand for Mumbai property. The result is all there to see: inventories, as old as 30 months are lying unsold, Despite all the alluring mechanisms adopted by the developers to call back their customers, the demand has failed to see any rise. The property bubble, just like in Delhi and Gurgaon, has swelled so much that it can burst anytime. But with this comes a positive streak of hope, the hope that the real estate prices shall get back to their correction.

If the correction happens, the demand would definitely scale up and the number of vacant inventories shall drop. We are about to see the same thing in other cities also, where the rates are extremely high.

Buy, rent, or sell Mumbai Property over India's leading property site, Makaan.com. Choose your preferred locality in the price-bracket that suits you the best.

Delhi Property: Largely under the Influence of Escalating Prices

Real Estate India

Want a property in Delhi? If that's so, where are the areas that you looking for your property? If it is South Delhi, then I must tell you that the rates in the localities have dropped amazingly by 20-25%. Whether it is Gulmohar Park, Greater Kailash, Vasant Kunj, or Defence Colony, the real estate prices have depreciated quiet well. So, if you want a dream of house of yours in this particular region, time is just ripe for that. Delhi property has seen some of the strong changes in recent months, thanks to the new policies  chalked out by the authorities.

Last month, the government came out with its new Land Farm Policy. According to it, it has proposed to built farm houses in 26 villages that were, hitherto, only thinly populated. The elite class saw this a good opportunity, as they can now get farmhouses in the same price-range that were supposed to invest on buying bungalows in South Delhi. With the announcement, the buyers who were eying Delhi property in South Delhi, shifted their focus to these villages, where the farm houses worth acres are to be constructed. This led to an appreciable drop in the capital rates. So, if you want a relatively cheaper house in southern localities, it is just the right time to make a buy.

Talking of the real estate in other parts of the city, there is no drop of capital rates. In fact, Delhi has stood second among all the cities in the world where rates have appreciated at the highest rate. Next only to Jaipur, the city witnessed a rise of 60% in property rates since 2011. The city has even left behind other cities like Sao Paulo, which has earned the status of the second fastest rising International property market.  If the trend continues, Delhi property shall soon see the burst of the real estate bubble that has been created intentionally by the developers.

Makaan.com, the leading real estate portal, allows you to buy, sell, or rent Delhi property. Make an intelligent search of all types pf properties, by using criteria like locality, price-range, age, and type of  property.

Should You Buy an India Property Now or Wait?

India Property at Makaan

Are you looking for a property in India? Or you have postponed your decision until the economy recoups itself? As I have been reading a lot about the current crisis that the real estate is facing, I would say, in either case, you can have a leverage in terms of prices. How? Let's see.

India property is under the umbra of ever-expanding bubbles. The prices, in most cities, have gone through the roof. In-spite of that, the developers are in no mood to retract and let the prices correct. An average buyer, who is already bearing the burnt of recession, cannot think of making a purchase of his dream house. The results are before us: the demand for properties has reached an all-time low. This is giving the developers sleepless nights. They are now resorting to means like discounts and freebies to the customers. You, as a buyer, can take advantage of the situation. You can negotiate better, as the time is ripe now. There are good chances that the builders would pare down a bit more than they would do under normal situation.

On the other hand, you can wait for the prices to correct. As the demand has dwindled, the developers of India property will have no other choice than to lessen the rates. And such a thing is highly expected. The bubbles shall burst and the prices will trace back to their original values. Under that scenario, the buyers would find a respite, who have till now, seen the prices only going up and up.

Once the India property overcomes the recession, and most expectedly it will be, the rates of commodities shall see a depreciation. And the buyers then, shall be able to think of investing into the real estate. As the property rates shall too dwindle, it will be a win-win situation for them. All these are only predictions, but they are expected to come true. Keep your fingers crossed...

Makaan.com, the leading real estate portal allows India property to buy, sell, or rent. The users can make an intelligent search, on the basis of criteria like locality, price, and type of property. Both the list and map-based searches are available to the users.