Real Estate Mumbai: Price Rates Prevalent over Andheri-Dahisar Area

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Andheri-Dahisar is one of the poshest areas of Mumbai and is mostly inhabited by upper-middle and elite class. The Q-o-Q change in average per square feet rate has been recorded at 10.44%. This indicates that the change in price rates has been significant in Jan-Mar quarter of 2014. As far as individual localities of real estate Mumbai in this area are concerned, they have shown different rates in the psf values. This blogs throws on avenger prices prevalent across these localities and the % change in their psf rates.

Malad(W), Goregaon(E), Kandivali(W), and Dahisar(E) are the localities where a 350 sq. ft. 2 BHK apartment can be available in 20-45 lakh price bracket. Dahisar(E) and Kandivali(W) have witnessed appreciation of residential rates, while at the remaining two, rates underwent depreciation. For buyers seeking a  two-room flat in 40-60 lakh range, there are several options: Kandivali(E), Borivali(W), Malad(E), Charkop, Oshiwara, and Jogeshwari(E). While appreciation in Kandivali(E), Borivali(W),  and Charkop varied in 1-2%, rates dropped in the others. Oshiwara witnessed the plummeting of rates by about 7%, while in Malad(E), the prices dripped by 2%, as compared to the previous quarter.

Indian real estate buyers eying properties above 70 lakh have otions like Andheri, Borivali(E), Thakur Complex, Chandivali, 4 Bungalows, Juhu, Marol, Versova, and Veera Desai Road.  Average psf rates over Andheri(W), Thakur Complex, Marol, Chandivali, Versova and Veera Desai Road showed an upsurge in residential rates of apartments. 

If compared to the properties in Navi Mumbai, the price rates are significantly higher in Andheri-Dahisar area.

Properties at Ahmedabad: Rapidly Developing Localities

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As per a recent survey conducted over 10 major Indian cities, Ahmedabad topped the list of cities with youngest real estate buyers. This indicates that the 18-25 age group has a predilection towards making a buy. Over years, the city has emerged as a hotshot of realty. Its several high growth nodes have contributed immensely to its property market.

S. G. Highway: Sarkhej-Gandhinagar Highway is the main mode of public transport and trade. The area has flourished well and stands among the affordable destinations for property at Ahmedabad. Today, it stands as a major hub of entertainment centers and shopping malls. It is the cheap land rate that mid-segment buyers are inclined towards purchasingan apartmnet here.

Bopal: One of the satellite towns of the city, Bopal has undergone tremendous infrastructural growth in last one decade. Housing several educational institutes and banks, Bopal is going to witness a BRTS route, which will solve the connectivity issues very well.

Chandkheda: Located to the west of Sabarmati, Chandkheda is a major residential locality. The main factor behind growth in its realty market is the presence of several offices including ONGC, which are the source of employment opportunities. With the coming of an IT Park in near future, the locality shall see a further boost in its real estate.

Naroda: Naroda has got the strategic advantage of being located near Ahmedabad International Airport and the upcoming GAV ( Gandhinagar-Ahmedabad-Vadodra) corridor. The locality is a preferred hub for searching properties at Ahmedabad, thanks to its suburban outlook.

Vastrapur: A prime industrial area, Vastrapur is known for being a plush locality with a rapid growth rate. Inhabited mostly by affluent families, Vastrapur is populated with high-end bungalows and malls.

Know more about Ahmedabad property market through property websites in India.

Mohali: A Perfect Choice for Seekers of Chandigarh Property

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Referred to as SAS Nagar or Ajit Nagar, Mohali stands out as a leading commercial hub of Chandigarh. Over a decade, Mohali has made significant progress in terms of real estate, with prices appreciated many a times. Built on the lines of Chandigarh itself, it has been developed after meticulous planning. The city has been carved into 800 by 1200 m sectors. While some of these sectors have been developed fully, there are still many left that have to witness full-fledged development. As per the Master Plan, the city has to extended to 114 sectors in all.

Known for its historical importance and dotted with a number of educational institutes, Mohali is one of the most sought-after Chandigarh properties locations. The city has got its significance from the foraying of various IT and tech giants here. Dell, Quark, Infosys, and Philips are a few names that have established their set-ups here. Quark's prestigious 51 acres 'Quark City' is an excellent example of how Mohali has got itself transformed into a corporate bigwig. Valued at $500m, Quark City comprises of a residential complex, which forms 30% part of it.

Seekers of a 2 BHK Chandigarh property shall find Mohali a place that offers flexible price brackets. A two-room apartment can cost him as low as 15 lakh and as high as 5 crore. Some preeminent developers have launched their projects in Mohali. Wave Infratech, for example, has lunched Wave Estate, a 2-5 BHK residential project. Slated to be available by December, 2016, this project offers apartments in the flexible 56 lakh-2 crore price bracket. Other reputable names that have set off their residential projects here are Ansals, Unitech and Jaipuria Sunrise.

Property in Delhi: Newly Launched Budget Projects

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While buyers in Delhi NCR have been shying away from making any purchase due to high inflationary rates and poor economic scenario, some budget projects have been launched by developers recently. A whole lot of these economically-viable projects have been set off along Yamuna Expressway and Noida. For those who are keen to a buy a mid-segment residential property in Delhi NCR, here is a list of some of such projects:

1. Amarpally O2 Valley: Developed in Noida Extension, this budget project offers to buy property of 2-3 BHK in Delhi NCR. Expected to be launched by December-end, the project is available in the budget range of 28-40 lakh. The units have been constructed in 880-1170 sq. ft. area range.

2. Gaur Yamuna City: A residential project over Yamuna Expressway, this 20-40 lakh project provides 1-4 BHKs. Sprawled over 300 acres, the project carries a commercial complex. A USP of this project is that it comes with 75% open space.

3. Skytech Colours Avenue: Yet another project at Noida Extension, Skytech offers apartments with price tag lying between 20-37 lakh. The 2 and 3 BHKs have been built over 5 acres and more than 450 units have been launched till now.

4. Misty Heights: A project offering 40-45 lakh residential property in Delhi NCR has come up with two-room flats. Open from three sides, the flats have been built up in 1200-1400 sq. ft. range.

5. Mangalya Ophira: This project has come up in sector-1, Greater Noida. The units are priced between 27 lakh and 40 lakh and are laced with modernistic amenities. The apartments have been built in 1025-1455 sq. ft. range.

Properties in Chandigarh: Top Residential Destinations

Ranking number 1 in emerging outsourcing and IT destinations, Chandigarh has definitely come out of age. A fully-planned city of India, it is home to several small, medium, and large scale industries. Regarding its real estate market, the city has been thriving largely on its burgeoning IT and tech sectors. Chandigarh IT Park has been the major booster for roping in more buyers and investors. Its areas like Zirakpur, Mohali, and Panchkula have proved to be carrying good potential for realty development. Let's have a look at top Chandigarh destinations that have been in the radar of buyers from quiet sometime now.

Ambala Highway: One of the high-growth ares for Chandigarh properties, the 4-lane Ambala Highway is known for huge traffic density that it carries on regular basis. The property rates aren't too high here. A 2 BHK flat is available at a price as low as 20 lakh.

Dera Bassi: It has got the strategic advantage of being located on Delhi-Chandigarh Highway. Dera Bassi is known for a number of educational projects. Residential sales has been on the upper side and this has made it an important hub of Chandigarh properties. Renowned builders have forayed here and launched their projects. To buy a two room flat in Dera Bassi, you need to shell out at least 15-17 lakhs.

Ziarkpur: Another important location that carries the tag of being an important center for properties in Chandigarh is Zirakpur.  The area has seen proliferation of luxury residences. Some big builders have launched their projects here. Proximity to Chandigarh's IT Park has rendered it a significant residential destination. Over past few years, the prices at Zirakpur have been on the upswing. The average price for a 2 BHK here is 20 lakh.

Mohali: Considered an upmarket, Mohali is a significant residential and commercial hub for buyers of property Chandigarh. Infosys, the IT giant, and Quark, the tech giant have successfully roped in buyers as well as investors.

Kharar: Located at about 15 km from Chandigarh, Kharar is an upcoming market. Greater Mohali Development Authority has taken plans for its full-fledged development. To buy a two-room apartments in Kharar, the prices begin somewhere near 15 lakh.

In the first quarter of 2014, Dera Bassi and Mohali underwent 21% and 3 % price appreciation respectively. Contrastingly, rates went down by 3% in Mohali. The prices remained almost stagnant in Kharar. Chandigarh, on the whole, witnessed a drop of 8% in price rates in the corresponding period.