Localities and their rates for 3 BHK Indore Flats

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Indore, the commercial capital of Madhya Pradesh, is a tier I city of India. The city is famous for the presence of a well-developed rapid transport system, an International Airport, and plenteous of commercial & business centers. The strong base of its economy owes itself to fashion, health care, manufacturing, and technology. The real estate in Indore has scaled good heights in the city. Being a tier-I city, the realty rates can go up to a very high value. But the good part is that, there are a number of affordable options too. Let’s have a look over the rates of a 3 BHK independent house in different parts of the city.

The three-room Indore properties come in several price brackets. The lowest for 3 BHK flats can begin at around 13-20 lakhs, a budget value indeed! A few of such localities are Bicholi Mardana, AB Road, Khandwa, Rau Pitampur. But these are their beginning prices. At most of these colonies, you will find three room apartments costing up to 60 lakhs, and even above. For example, at AB Road, the higher end price is around 60 lakhs, while at Khandwa Road, it can cross 70 lakhs.

The 3 BHK residential properties in Indore at Mahalaxmi Nagar, Super Coridoor, Bombay Hospital, Talawali Chanda, Annapurna Road, Sanwer Road, Nipania Road, and Anoop Nagar carry the beginning prices falling between 20-30 lakh brackets. Like other localities, the rates towards the higher side can be too hefty. In 30-40 lakh range come the names like Geeta Bhavan Chotu Ram Hospital, MY Road, Airport Road, Bhanwar Kuan Chauraha, Bengali Square, Ring Road, and several others.

Khajrana Road, Old Palasia, Kanadiya Road, Saket, Shree Nagar, and Anurag Nagar are some of the Indore properties localities where the price rates are quiet high: at Anurag Nagar ad Old Palasia, a three-room house comes at about 60 lakhs while at Khajrana Road, it may come at a pricey value of 80 lakhs.

Rates of 2 BHK Properties in Ahmedabad

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Unlike so many metros like Delhi, Mumbai, Gurgaon, and many more, Ahmedabad is a city where ones can look forward to the affordable residential houses. In most of its parts, the city offers homes that cost far lower than in other cities. Let us see the example of 2 BHK homes in its different colonies.

Two room property at Ahmedabad in eastern localities like Maninanagr, Ghodasar, Odav, Naroda, and Saraspur are available for buying in 15-20 lac range. Towards the higher end, however, the rate may touch 60 lacs; for example at Ghodasar, a 2 BHK house can cost up to 55 lacs. At Ranip, such a house comes at around 30 lacs. One of the costly localities in east is Shahibaugh: to buy a two room apartment here, a buyer may need to pay as high as 85 lacs.

In North, the rate of Ahmedabad real estate properties, for two room houses generally varies between 20-25 lacs. At Motera, New C.G. Road, Naroda and Chandkheda, such an apartment is available within this range. At Motera and Chandkheda, the higher rates, i.e. up to 40 lacs are also available for the buyers. At Ring Road, and Ranip, the prices are centered around 40-45 lacs.

In city-center, most of the colonies are costlier, as compared to other regions. The lowest prices of a two -room house starts at around 40 lacs: Gandhi nagar and SG Road are the twin localities where such rates are prevalent. However, in satellite, Vastrapur, an Drive in Road, the available range that is prevalent lies between 45-70 lacs. In South, the prime localities are Vejalpur and Gota. At both of these, two-room apartment can be purchased at an average value of 30 lacs.

Satellite, Vastrapur, Vejalpur are the plush localities known for well-developed infrastructure and presence of several business centers. These colonies have also witnessed good growth in IT sector; hence are responsible for generating good employment opportunities. 

New Townships and Contemporary Architecture Giving a Push to Ahmedabad Property

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Like other tier-II cities in India, Ahmedabad too is undergoing the price crunch and low liquidity rates. A majority of buyers of residential properties in the city belong to middle-income bracket, and so, they find the price escalation, howsoever marginal, a too big an ask for. The realty market in 2013 did not undergo any substantial development: the buyers continued to shy away from purchasing even the otherwise affordable brackets and prices remained almost stagnant. The incomes did not get grow, so for middle-segment, even the budget properties remained out of reach. But everything has not lost. We are going to t how light on what is happening here in terms of real estate development.

Property in Ahmedabad got a big boost when Arvind Ltd., a top player in textile industry, announced its foraying into the realty market. The company shall tie up with the eminent Tata Housing and shall come with a contemporary township in an area called Moti Bhoyan. Coming up in Ranchard, it will be a township stretched over 6.5 lakh square yard. The residential houses shall be top-class luxury properties, ranging in 1.5-5 crore bracket.

Another major change that has come to light is the construction of unique interior and outer architecture of Ahmedabad property. Unique constructions are fastly occupying city's landscape.  Builders are coming up with designs that are laced with modern aesthetic styles, attractive lighting systems, and dramatically beautiful exterior architectures. Such constructions have been brought into existence to offer something new to the buyers. According to chairperson, HN Safal, Mr. Uday Vora, such a change would be welcomed by the buyers, as people love change.

Positive trends have been noticed from investors' side too. Till now, they weren't showing any substantial proclivity into investing in the city. But the things have changed: they are expecting the prices to soar in the coming months, so they are showing positive sentiments for rolling out their money on new projects.

The Strengthening Factors for Pune Residential Property

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The rainy days that our Indian economy is seeing has affected its cities quiet too much, and Pune is not too far in experiencing the down-slide. Yet, it is due to its excellent power to bounce back that it has digested down the crunch too well. The healthy employment rate and its strengthen of economy that it is still seeing good number of investments as well as demand for residential properties. The prices in the city have seen an exponential growth, still there is no major blue funks in its demand market that could pull its leg too down.

According to Jones Lang Lasalle Pune, the market for Pune residential property is currently inclined towards budget and mid-bracket houses. A number of affordable projects are at work in localities like Ambegaon, Kondhwa, Dhanori, Manjri, and Hadapsar. Many of these areas have bolstered their economies with the strong presence of IT sector. As a result, in spite of the regression, the demand from all income groups, including the luxury ones, has continued to remain steady.

Residential property in Pune has several other factors too that have attributed to its sturdy pace. The city's connectivity via new roads, expressways and flyovers has made the city dwellers viable to commute to Mumbai and other cities in short span of time. Mumbai-Pune Expressway has accelerated to the hitherto slow pace of this city. Then, there is another rewarding factor that has kept the real estate market in robust state: in light of the increasing prices, long-term investors have shown their eagerness in rolling out their money.

Pune is the hot-spot of businesses of several types and sizes, which have rendered its realty sector both viability and strength to face the present financial crisis. There are several small to mid segment companies that are present in its precincts and aided to the interest of buyers in purchasing a india real estate property here.

What Prevents Real Estate in Chandigarh from Becoming a Big Name?

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Ever wondered why Chandigarh is not  still the bigwig of real estate, given that it has well-developed infrastructure and all the prerequisites that are necessary for competing with top players like Delhi, Mumbai, or Gurgaon? The city was predicted to tread the same path as these metros have covered, but it failed to do so. Let's have a peep into the issue.

The real estate in Chandigarh saw a few IT giants foray to the city, by setting up their centers, Still, Indian population carries the tendency to go for other hotshots of software like Bangalore, Chennai, and Hyderabad. The reason for this is very clear. The software companies that have opened their branches in the city continue to operate from their well-established bases in South. As a result, Chandigarh could never really get the impetus that could bring it among the forerunners of the IT industry in India.

The city, being a tier II, faces stiff competition from the tier I cities, as far as growth of corporate sectors is concerned. The real estate Chandigarh ranks much below in terms of corporate culture. The job opportunities, therefore, are very not high. And the local people continue to thrive on small-scale industries for seeking employment. Those who want white-collared jobs, have to move out of the city. Low number of jobs does not let the inquiries for residential and commercial spaces to rise to any substantial level.

One of the other reasons that may be held responsible for lack of interest of investors in the city is the non-competitive prices. The realty rates in the city continue to remain low. Though his trend is favorable for end-users, from investors' point of view, Chandigarh is not an option where one can expect high ROI(Return on Investment). Big developers and builders, seeing the dismal demand, hesitate from venturing into the city. To know more about properties in Chandigarh view at Makaan.com

Properties in Ghaziabad Developing at a Fast Pace

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Seeing the pace at which the construction works are going on in Ghaziabad, it is emerging as a next big thing in the realty market. As the residential and commercial developments have boomed the city's landscape, it has been given second rank among the fastest growing cities in the entire world. In spite of the bad reputations that it has gained over years due to high crime rate, the city is still capturing a good number of buyers as well as investors.

Properties in Ghaziabad have flourished in some of the plush localities like Rajnagar Extension, Indirapuram, Crossings Republik, Vasundhara, and Vaishalli. Some of the high-end properties have sprung up in these areas, with the top-notch projects floated by well-known developers like Mahagun, Ansals, and SARE. Most of these residential spaces are targeted towards upper middle and affluent segments. As a result, the city is getting filled up with well to do families.

The presence of National Highway 24 and 58 have proved a boon for property in Ghaziabad. The widening of NH 24 from 6 to 8 lanes shall further smooth the traffic congestion problems. These high speed roads have been the major factor behind the increasing propensity of residential spaces in the city. The proposal to extend Delhi Metro's blue-line to Indirapuram can prove to be a significant step towards improving connectivity of the city to other parts of Delhi NCR. Some of the their factors that have proved beneficial for real estate growth here include good infrastructure, availability of land to be used for further development, and scope for both horizontal as well as vertical constructions. The newer constructions are largely planned; as a result, the city is acquiring the shape of an integrated township.

The things that need to be controlled is the law and order system in the city. High rate of crimes, lack of  an efficient law & order system, and the poor control of government over scams & other malpractices really need to be worked at.

Makaan.com, the leading real estate portal, lets buyers make a search property in Ghaziabad and other cities of Delhi NCR. The end users can look for quarterly price trends for property in Ghaziabad and keep themselves informed of the ongoing rates.

Property in Faridabad: Options for 1, 2, 3 Room Independent Houses

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Does living in builder flats makes you suffocated or nauseated for the lack of fresh air? Then, why not buy an independent house? If it is Faridabad where you are planning to buy your property, then let me tell you that you have a number of options at hand. You need to decide the number of rooms that you wish to buy. Depending upon that, you can choose an independent house in the city.

Let us consider 1 BHK property in Faridabad. Yes, it is an independent house that we are taking about. The best options are Nahar Par and sectors 30-39. While over Naharpar and sector 88, a one-room house may cost you up to 70 lacs. You an find some of the high-end houses by BPTP, hence the price is high. There are some affordable properties too in this particular colony. In sectors30-39, the price may touch crore value. For 2 BHK properties, the most affordable locality is Naharpar. Here the price for two-room house varies between 14-30 lacs. At other localities like BPTP, sectors 40-49, and Sec 80-89, the rate is higher: between 60-75 lacs, depending upon the state of furnishing and amenities offered. At sector 21 and Charmswood Village, the prices are higher: 85 lacs-1.2 crores.

Now, we come to 3 BHK Faridabad properties or independent house. Naharpar is again the area where you can find three-room houses at cut rates. : 30-40 lacs. Sainik Colony too offers such property at 40 lacs or above. The pricey locations are Sectors 20-29 and sectors 30-39. Over these, the prices of available 3 BHK houses run in crore, usually around 2 crore.

As you can see, the options for Independent house are limited in this city. In the future to come, we can expect more such properties in the sectors that are still not developed fully.

Makaan.com, the eminent real estate portal, lets you search residential and commercial property in Faridabad. Look for Faridabad property available across different price brackets and present in different localities.