Properties in Ahmedabad: On the Road to Development

While 2013 remained a 'down in dumps' year for Ahmedabad real estate, New Year is like a whiff of fresh year for its buyers. The city is witnessing a number of  infrastructural developments across different localities. One such development that is under consideration is the construction of  Mumbai-Ahmedabad high speed corridor. A route of 535 km and a journey of two hours shall be covered by means of  bullet trains, running at 320km/h. Such a project, when comes into picture, shall lessen the distances  between two states considerably.  But this is not the only major development that the city shall be seeing in near future. There are more in pipeline.

Another important development that is going to benefit the occupants of residential properties at Ahmedabad is establishment of basic civic amenities in newly developed towns. Such a step shall play a vital role in integrated town developments in the city. Lately, localities like Bopal, Narol, Sanand and Vejalpur have emerged as the colonies with high rate of residential development. Unlike previous times, the introduction of civic amenities shall be a great relief to the occupants.

Yet another development that is on cards is the establishment of 12 multilevel parking complexes. This step taken by Ahmedabad Municipal Corporation (AMC) is going to solve parking issues that arise due to lack of space. This multilevel parking is Ahmedabad properties shall include introduction of health and sports clubs under  flyovers, thus making good use of the available space.  The BRTS network shall be covered under Wi-Fi system, allowing people to remain connected all the time. AMC has also announced halving of the tax on rented properties. The authority has exempted different types of hospital taxes. This shall come as a big relief to tenants who had to spend on paying these taxes.

Major Developments that Chandigarh properties Have Been Witnessing in New Year

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Last year brought a dull phase in Indian property market. And in a city like Chandigarh, the sales were all-time low. The dollar became mightier against rupee, and Indian economy went down in dumps. Inflation, further ruined the spite of an average Indian buyer. The segment that gained from all this was that of NRIs. The increase in value of dollar was seen by them as a windfall and the number of inquiries increased in the city. Most of these inquiries are for locations like Mohali, Zirakpur, and other parts of Punjab. This indicates that Chandigarh real estate is gaining strength slowly and gradually.

Properties in Chandigarh are witnessing several NRI inquiries from different parts of the world like UK, Singapore, and US. And what they have been looking in properties to invest are top-notch amenities, comfortable spaces, and stylish decors. They either want to invest on these properties or want to put them on lease. Whichever be the case, the realty market in Chandigarh, or say, whole of Punjab has started staking an upswing.

Another major development that has added a feather to the cap of  Chandigarh property is the foraying of Lalit brand into the city; the business group has ventured into the market by opening a 5 star-hotel in Rajiv Gandhi IT park. This is expected to render city's real estate a real competitive edge over other cites. Till now, on an average, the occupancy rate in 5 star hotel has been only half, restricted to 50-60%. With Lalit hotel coming into picture, the completion has become more stiff for other hotels. The mismatched demand and supply ratio has already been an issue of big concern for these hotels.

A development that has deemed to have positive effect on realty market is the cutting rates of property tax by Punjab government. This step has been taken to rejuvenate the interest of buyers in purchase. By slashing the rate from 7.5% to only 3% is expected to bring back buyers to the market.

Properties in Pune are Embracing Luxury and Modernism

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The city of Pune, hitherto an under-developed space raked with only congested houses, has undergone a considerable transformation. The city that has got bungalows as legacy from ancient times, had no significant real estate constructions that could be called contemporary And forget about luxury. People here have been living in terribly closed-spaced  houses and they, over time, have become used to it. But with the proliferation of luxury houses that are laced with modern life style, people are now happily embracing the change. The rate at which luxury and ultra-luxury apartments are occupying the realty market shows that the preferences of buyers are undergoing a sea change.

Flats in Pune are coming in the form of skyscrapers that encompass high-styled homes, lush interiors, beautified exteriors, and all the mod-cons expected by a buyer. The demand for such constructions is escalating day by day. Developers too are now coming up with projects that offer open spaces and green covers. As the demand for such spaces is burgeoning day after day, the real estate in city has got a competitive edge. Th prices are soaring, especially in IT-driven localities like Wagholi, Wakad, Hinjewadi, and Baner. Information technology has significantly impacted the realty market. People with jobs in IT earn a handsome income and can afford to live in pricey apartments and villas.

A marvelous project by world-renowned architectural firm, Aedas, is going to add grandeur and style to residential properties in Pune. This ultra-luxury project, by Pharande Spaces, shall come up at Punavale. The integrated township in Pimpri-Chinchwad shall speak of comfort and luxury. Laced with high-quality fittings imported from other countries and comprising of amenities like club houses, swimming pools, tennis courts, restaurants wills set a benchmark for the futuristic projects. The city has geared itself for more of such integrated projects that shall be launched in the years to come.

Expatriates Overlook International Options to Invest on Gurgaon Property

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All we get to heard about real estate in Gurgaon is the extortionate housing rates that go on swelling with every passing year. The escalation in prices may have broken the back of mid-segment buyers, but it has come as a windfall for filthily rich expatriates who are keen to invest properties in the city. If the recent news are to be believed, the high appreciation rates and the crumbling of rupee against dollar has  attracted these NRIs like bees to honey.

The craze for investment on Gurgaon properties is so high for these expatriates that they are overlooking other alluring options such as USA. Those who had purchased properties 7-10 back in lakhs can now sell them in crores: what more could an investor need? In international localities, the prices have devalued and these has made the investors lose interest in them. Gurgaon, as per current scenario, is more fruitful in terms of returns. The pace at which the city has grown in last decade has proved a boon for most long-term investors.

The realty market here is also attracting international business groups, who want to foray into the real estate here. Take for example, Staywell Hospitality Group, an Australia-based enterprise. Staywell has launched its ultra luxury leisure hotel in Sector 14. real estate Properties in Gurgaon in its vicinity shall be able to enjoy all what it is offering: gymnasium, banquet halls, swimming pools, and international cuisines. It would be group's second largest hospitality venture till now.

The city's living standard too has gone all the way up. Recently, CRISIL published a report on the scale of prosperity for Indian cites, and it was no surprise to know that city topped in the list. It has even left Mumbai behind in percent population that has all the basic gadgets, including computer or laptop. Such a population forms 27%,  a value far more than 15% of Mumbai.

Properties in Mumbai: Will they see Price Fall, Will They Not?

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With the proposal of the eminent builder, Lodha Group to built an affordable residential property in the land across Navi Mumbai and Dombivalli, it seems that Mumbai real estate seems to have risen from its ashes like a Phoenix. But any conclusion cannot be drawn on the basis of a single example or so. The real scenario is far from being normal. New Year came like a jolt, when the government raise the rate of ready-reckoner in the city. With the increase in stamp and registration duties, the buyers are now under they extra-financial burden.

The number of unsold residential property in Mumbai, as of record, stands at a whopping 130,000. With such a phenomenal number of vacant inventories, developers are not too hopeful this year too. Though Indian Banks have played a major role in not letting the pricers go down, it has not helped much to Mumbai builders. With increase in interest rates, the affordability factor has remained a dream for so many buyers in the city. The loans given by them for commercial sector has grown at a much faster rate as compared to their lending rate. The property rates in Mumbai have been escalating from past few years, and since 2009, there has been a 12% raise in prices.

There has been a considerable drop in the interest from the investors to roll out their money over Mumbai properties. They see little probability that their investments shall reap any worthwhile returns in the near future. As the buyers are not willing to spend money over purchasing, investors are finding it very hard to expect good gains. There are some people and research firms that are positive that the trends shall discontinue in 2014. According to them, the rates are about to fall by 50%, and if that happens in reality, the entire Mumbai real estate shall see a sea change. People in favor of this agreement say that the property bubble in the city is about to burst anytime.

The Rates of 4 BHK Residential Kolkata Properties

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Following the footsteps of other metros, Kolkata too has witnessed burgeoning of its real estate in Kolkata in past decade. But unlike Delhi, Gurgaon, and Mumbai, the rates of residential properties have not skyrocketed here. Buying a living space is still affordable. Though there are some localities where the prices seem to have gone through roof, but most parts of the city carry far lower rates than in other cities. We are going to have a glimpse of a 4 BHK property in different parts of the city.

A four-room flat in Central Kolkata generally comes in crore and above range. If you intend to buy such a house in Tangra, EM Bypass, Moulali, and Entally, the 4 BHK Kolkata properties come in a 1.5-2 crore range. At Topsia and Ballygunj, the rates are higher. For instance, such a flat would cost higher. Over Topsia, it can cost you around 2.8 crore, while at Ballygunj, the prices can be too high: as far as 6 crore!!.

North Kolkata is a relatively cheaper area. The four-room apartments here are available at prices as low as 25 lacs. Properties in Kolkata at Baguiati, Kaikali, Dunlop, Bangur,  and BT Road are available for purchasing in 25-60 lacs. Indeed a low value if compared to 4 BHKS at Salt Lake, Phool Bagan, Jessore Road, Rajrahat, Beliaghata, Lake Town, and Khanna, where you are required to pay price not less than a crore. Kankurgachi and Ulta Ganja are the prime localities of North Kolkata, and accordingly, they carry hefty rates.

Now, draw your attention towards South Kolkata. Most of its localities offer four-room house in crore bracket. A few popular names are Bhawanipur, Ballygunj, Tollygunge, Jodh Park, Alipore, Gariahat, and Hazra. Over Santoshpur and Garia, the purchasers can find far more affordable rates. Towards West, one can look for Diamond Harbor Road and Rajarhat New Town localities.


Makaan.com is a property portal that featureless commercial and residential properties in Kolkata, to buy, sell, and rent.

Sluggishness Remained a Dominant Phenomena for Properties in Ahmedabad in 2013

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The city of Ahmedabad has been ranked second in terms of affordability factor; the city has left metros like Mumbai, Gurgaon, and Delhi far behind in terms of inexpensiveness. A 1000 square feet of land costs Rs. 50 lakh, a figure which is far below the value in other metros. As far as real estate trends in 2013 are concerned, the market in this commercial city saw sluggishness. This was attributed to economical crisis and depreciating value of rupee as against dollar.

The trade gurus have predicted that there are only a slim chances that residential property at Ahmedabad shall see any considerable appreciation in rates. While Delhi Mumbai have seen high escalation, this city of Gujarat nowhere stands near them: a raise of 20-25% is hard to contemplate. The rental rates too have not seen any worthwhile appreciation. The snail-like pace is also attributed to the decline in interest of the investors in real estate here. As they can't hope of good gains, they are keeping themselves form making an investment . For NRIs, it is no longer a lucrative market. 2013 witnessed only a nominal number of inquiries this year. Many of them have also reduced their budget to around 50-70 lakhs.

But all is still not lot. Ahmedabad properties are at a leverage as far as their potential to grow is concerned. The city leads in retail, IT and education sectors; this factor plays a crucial role in determining the demand  of living spaces in both commercial and residential sectors. To add to this, a number of infrastructural developments going on are expected to  be good for real estate market. The upcoming Metro Rail Express Gandhian-Ahmedabad(MEGA) project is to be reviewed and revamped this year. AUDA(Ahmedabad Urban Development Authorities) is a development plan that was declared only recently.

Makaan.com is online property sites that provides information on Flats in Ahmedabad and Ahmedabad property. Gather information on properties in Ahmedabad easily.

Residential Properties get an Impetus as Gurgaon is Rewarded with 'Most Prosperous Indian City' Tag

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Gurgaon, the treasure trove of IT/ITeS sector, has been credited with the tag of 'most prosperous city of India' by the credit rating agency, CRISIL. This comes as no surprise seeing the way its economy has burgeoned in all sectors. According to the rating, city has left other metropolitans like Delhi, Noida, and Mumbai far behind in terms of living standard of their majority of population. Gurgaon has made a tremendous urbanization in past few years. Given the fact that city embraces some of the most prestigious multi-national companies and generates high-income employment opportunities, it has attracted a good number of investors, job-seekers, and capitalists.

As per CRISIL rating, the city has got an edge in terms of possession of gadgets like television-sets, laptops, and mobiles. About 27% of its population is within the reach of all these gadgets. In terms of household utilities too, residential Gurgaon property stand in the front row, way ahead of other metros. Augmentation in overall wealth of people, high escalation of households, and strong presence of IT assets have been the contributing factors in rendering the city with well-heeled residents.

The opulent culture can be seen in the way the city witnesses the high-end infrastructural projects, increased interest of  global giants to invest, and well-off offices as well as residential Gurgaon real estate properties. If the number of expatriates that migrate here is taken into account, we see that their preference for Delhi and Noida lags behind. The cosmopolitan structure that it has acquired makes it all the more inviting. Increase in disposable incomes and better job offers keep the immigrants shifting their bases here. With a whopping large number of top-notch builders having chosen as the destination for their avant-grade projects, the likeliness of well-to-do masses to settle here has become quiet high. The city rakes in mullahs as far as long-term monetary gains via investment are concerned.

Flexible Options for Seekers of 2 BHK Pune Properties

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Pune, the city better known for its well-established IT infrastructure, has shown better resilience to the current inflationary rates and the dampened economic situation. The plentiful SEZ parks, IT/ITeS companies has been the strongest factor that has kept the realty market of the city all alive and well-going. This also played a vehement role in keeping the demand of land for sale in Pune all the way up. In accordance to the demand, the prices of properties have seen a good appreciation in 2013. In the coming year too, the rates are expected to rise. For the seekers of 2 BHK residential spaces, there are flexible options, catering to the housing requirements of low, middle, and high-end segments.

Two bedroom properties in Pune in localities like Kharadi, Wakad, Wagholi, Hinjewadi, Talegaon, Dhanori, Moshi, Alandi, and kaharadi have the rates in the starting rates that fall in 14-20 lakh segment. Many of these are stalwarts of information technology: Kharadi, Hinjewadi, and Wakad are some of them, and accordingly, you will find 2 BHK properties with hefty rates too: up to 70-80 lakhs.

The buyers who are seeking two-room Pune properties with prices starting in 20-30 lakhs too have a good number of options. Colonies like Hadapsar, Balewadi, Undri, Vishrantwadi, Baner, Keshav Nagar, Tingre Nagar, Waraje, and Mundhawa. Like other localities, the upper value at some of these can touch up to 90 lacs. For the higher bracket, 30-50 lakhs, the localities worth mentioning are Pimple Saudagar, Viman Nagar, Kalyani Nagar, Wadagaon Sheri. Still high starting rates can be expected at Kothrud, Koregaon Park, and Kalyani Nagar. All three are known as IT hubs with well-developed infrastructure, excellent amenities, and good employment opportunity.

The city, so far, has given better performance than Mumbai, the financial capital of Maharashtra. This is due to exceedingly high rates and non-affordability of residential apartments and to buy house.