Looking for a 2 BHK below 50 Lakh in Gurgaon?

Gurgaon Property at Makaan.com

Gurgaon is ill-famous for its extortionately high real estate prices, and this has kept it off from the radar of mid-segment buyers. Still, there are several high-growth nodes that have come up as the savor to them. Buyers on the look out of a two-room apartment below 50 lakh is at the disposal of several options. Areas like Sohna Road, Bhiwadi, and Dwarka Expressway have emerged as the next big-things in realty circuits. These are affordable and their connectivity to Delhi NCR is continuously improving.

1. Sohna Road: For seekers of Gurgaon property for sale below 50 Lakh, Sohna Road comes as an el cheapo. This 6-laned road is located comfortably at 24 km from Gurgaon and has witnessed burgeoning of several real estate projects in last 5 years. In future, it shall see major infrastructural development like IT/ITeS sector, global educational institutes. The unleashing of Gurgaon-Sohna Master Plan 2013 has indicated that it will see a deluge of realty projects in future.

2. Bhiwadi: It comes as another affordable location to buy flats in Gurgaon. This industrial hub is sprawled over 5300 acres and is is located over Rajasthan-Haryana Border. As residential properties are available at budget prices, it has become one of the most-sought after destinations for buyers. Budget buyers can expect a two-room apartment at a price as low 20 lakh.

3. Pataudi Road: Located at about 25 km from Gurgaon, Pataudi has seen development of an IT SEZ, and a number of residential complexes. Pataudi has got advantage of being in proximity with KMP Expressway and proposed Dwarka Expressway. A 2 BHK apartment here is available at the starting price of about 25 lakh.

New Projects for Residential Property in Ahmedabad

Ahmedabad Property at Makaan.com

Ahmedabad, India's 5th largest city, recently topped the list of the youngest buyers in market. According to statistics, among the population earning less than 10 lakh, more than 60% accounts for those who are keen to make a home purchase. This is a clear indication of the fact that the city's realty market is on an upswing. Though an 8% fall has been noticed in launch of individual residential units, the number of projects launched has increased appreciably. Most of the Ahmedabad housing property launches have been towards budget segment, as the demand mainly comes from that sector.  Among the areas that have seen maximum growth patterns are Vasna, Thaltej, Makarba, and Ranip.

Currently, a number of new projects have been launched. ISCON Platinum is Bopal is a 3-5 BHK residential project. It offers units in 1900-5700 sq. ft. are segment. Another project for property at Ahemdabad is by Devenandan Builders over Motera. Named 'Infinity', the project has been built over 3 blocks of 2 & 3 BHKs. The units have been developed with an area varying between 1300-1700 sq. ft.

Dharmadev, another prominent builder to buy property in Ahmedabad, has come up with affordable housing project at Vasna. The 2 and 3 BHK units priced in 17-34 lakh range shall be available for possession by December, 2014. Sambhav Infrastructure has launched its 'Stavan Ample' project at Gota. 2 BHK flats have been priced in the budget 29-32 lakh price bracket.

Explore Indian properties sites to know more about new residential projects launched across city.

The Emerging Hotshots of Pune Realty

Pune Property at Makaan.com

For many people in North India, Hinjewadi and Pune are just synonyms; the reason being that every year, a high number of young professionals flock to this locality in search of white-collared jobs. As the locality has in incredibly high number if IT companies, it seems to be the only real estate destination to migrants. But this is far from true. Over years, Pune real estate has seen flourishing of several high-growth nodes such as Kharadi, Baner, Wagholi, and several others. The blog lists top 5 localities that can be best bets for seekers of properties in Pune.

1. Baner: One of the prime suburbs of Pune, Baner boasts of a well-developed IT sector. IT is a major residential hub and offers connectivity to Mumbai Pune Expressway. The average price per square feet (psf) rate for residential apartments in Baner varies in 6000-7000/-. The locality witnessed an appreciation of about 3.5 % if compared to the last quarter of 2013.

2. Wakad:  Another important destination for seekers of Pune properties is Wakad. Being close to Hinjewadi, a suburb laced with Info Tech Park, Wakad has seen considerable growth in last one decade. The locality underwent a marginal 0.9% of price appreciation in first quarter of 2014.

3. Viman Nagar: An important IT destination, Viman Nagar is known for its rapidly growing price rates of residential properties. In next 5-6 years, the price rates are expected to see a whopping increase of about 40%.

4. Kharadi: Better known for presence of EON Free Zone, Kharadi is another prime residential locality in Pune. It strategic proximity to Koregaon Park and Kalyani Nagar has awarded it with residential and commercial importance. During Jan-Mar, 2014, property prices increased by 2.5% over previous quarter.

Plummeting Input Costs and Low Demand Rule Property in Ahmedabad

Ahmedabad Property at Makaan.com

Though Ahmedabad property market is all poised to garner the attention of retail market companies and investors, the real state in the city is not performing that well. The overall realty market failed to pick up in 2013, resulting in slump in rates of residential prices over a majority of its localities. Some of the high-end localities too underwent an appreciable decline in property rates. While the rate of fall across localities such as Ambavadi Maninanagar, and New CG Road underwent a Q-o-Q decline of 3-4%, property in Ahmedabad witnessed a sharp fall in Paldi, Naranapura, S G Highway, and Vasna over the same period. At Chandkheda, Vasna and Naranapura, the prices underwent a steep fall of 12-20% in the last quarter of 2013.

While in Gota, Prahlad Nagar and Drive-in-Road, the rates of property in Ahmedabad did upscaled, but the overall picture is not that convincing. The pitfalls for the same are several. The rapid pace at which low-income groups are shifting to urban areas has proved as a dampening factor for real estate in the city The increasing number of ghettos has become a cause of big concern for authorities. These slums are eating away the open spaces and green cover, leaving the developers with less available land. Moreover, these slums thrive on water and electricity acquired by illegal means, thus posing an extra burden on authorities.

The declining demand for Ahmedabad property has resulted in lower rates of inputs, especially cement. The price rates of cement went down by about 13% in last quarter of 2013. Unlike tier-1 cities, where it is very hard to imagine the input costs to decline even a bit, the prices have plummeted to a great extent in Ahmedabad. The real estate price rise in this city has also been a marginal number: a modest 3% price appreciation indicates that the demand from end-users is not up-to-the-mark.

Prominent Chandigarh Locations that Offer 2 BHK Property Below 20 Lakh

Chandigarh Property at Makaan.com

Chandigarh city comes as an affordable option to the buyers who do not want to settle down for expensive counterparts like Delhi , Mumbai, and Gurgaon. Build with meticulous planning, this city comes as a haven for those buyers that have been pissed up with overwhelming traffic congestions and exorbitamt rates of other cities. The blog lists some of the areas in Chandigarh that offer two apartments below 20 lakh.

1. Ambala Highway: Seekers of property in Chandigarh can see Ambala Highway over NH-21 and 22 as a budget area to buy a two-room flat. The Highway, stretched over 35 km, carries the traffic load commuting among Delhi, Punjab, Haryana, and Himachal. The four lanes have helped in allieviating traffc loads, and boosted trade-related activities in the nearby localities.

2. Mohali: The 'next Gurgaon', Mohali is one of the localities that have been ear-marked as high-growth localities in and around Chandigarh. It is  a major commercial and residential hub, and has become a center for corporate investments. Seekers of 2 BHK apartments can their hopes over Mohali as far as afford ability factor is concerned.

3. Kharar: Comprising of finely developed localities like Model Town and Sunny Enclave, Kharar stands as a budget option for seekers of property Chandgarh. Located at a convenient distance of about 10-15 km from Chandigarh city, the average per sq. ft. rate prevalent over Kharar in first quarter if 2014 stood at about Rs. 2800/-.

4. Dera Bassi: Another locality that speaks of budget rates is Dera Bassi. A part of Mohali district, this area is located at about 20 km from Chandigarh and has seen a number of housing projects in past.

To know more about price rates in Chandigarh, look through India property portal and know more about the trends prevalent over a given quarter of the year.

Delayed Constructions: Biggest Woe for Seekers of Properties in Noida

Property in Noida at Makaan.com

Book a flat and forget about it - this is what a number of buyers in Noida and Gurgaon are forced to do. Infinite delay in constructions have left these buyers with no other option but to suffer silently. With no law strong enough to provide them with protective shield, they have no other alternative than to be at the mercy of their builders. As per statistics, about half of the realty projects in Noida, Ghaziabad, and Greater Noida are running late. Not a brick has been laid in the name of construction. And among the under-construction projects, 40% are behind their schedule.

There have been instances whenever seekers of Noida real estate properties have already paid 80-85% of the price and still haven't got any solid assurance from builders. These buyers have to dole out huge checks in the form of EMIs every month, in addition to pay rental for their temporary residences. Names of reputed builders like Unitech, Ansals, and Raheja Developers have cropped up in many cases where the buyers have been facing procrastination woes. Many of these builders, just after recovering the construction costs from buyers, start dragging projects to future.

It is mandatory for sellers of property in Noida to pay the delay penalty of Rs 5-10/sq. ft., but the developers fail to pay even that amount. At times, these developers themselves face problems like delay in land acquisition, strict credit conditions , and lack of funds. In light of all this, it is the buyers section that has to part with a large sum of mpney and not get anything in return. As the number of delayed constructions is on rise, the sellers are losing their credibility in market.

It is high time that some strict actions are taken against the defaulters and buyers are restored with the money in case they want to back from the project. 

GDA asks Realty Developers to Furnish Project Details or Face Consequences

Ghaziabad Property

Real estate developers in Ghaziabad have been slapped with notice on account of their failure to comply to the UP Apartments Act. Ghaziabad Development Authority(GDA) has decided to take stern action against all the defaulters in light of the increasing unscrupulous activities on their part. Of late, about 30 developers have been asked to furnish all the necessary details of their projects. The realtors are expected to furnish information about title deed, number of floors, plot size, and other important details that are invariably concerned to buyers.

According to GDA, there are more than 150 projects for property in Ghaziabad that are currently into construction. In order to safeguard buyers' interests, the authority shall do its authentication part for the information that these seekers shall furnish. Action shall be taken all those realtors who submit incorrect details of their projects; their identities shall be revealed online so that property-seekers can keep protect themselves from falling  into traps of these fraudsters.

In order to keep the buyers and investors well-informed, GDA has also decided to upload names of developers that transgress construction rules over its website. The GDA'a site shall mention names all those property projects that have been sealed on certain account. The layout plans that do not conform to the set rules shall also be made public. The site shall assist end-users know of the Ghaziabad property projects that are unauthorized. Such a step is expected to bring about transparency in the otherwise dismal state of affairs.

To locate Ghaziabad properties, one can look into India property sites.