Realty market in Bangalore

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Recession, no matter in whatever form it comes, always makes the future look bleak. The same thing happened when properties Bangalore realty market faced a slump. The prospects of its recovery were quiet weak. But every tunnel has light at its end. Bangalore real estate is now out of that tunnel and getting prepared itself to stand tall once again. This can be seen from the way property prices are getting appreciated here. The authorities are all set to start afresh, and government has even chalked out a plan for garnering revenues from registration of new houses. The builders are back into action: some of them have already slated their residential and commercial projects in different parts of the city.

As per market analysis, the period is just right to Bangalore real estate. Along with the rise in property prices, the number of new constructions too has seen an escalation. The major hot-spots where real estate Bangalore is seeing an upsurge in new constructions include localities like KR Puram, Electronic City, Whitefield, Jayanagar, Sanjay Nagar, Old Madras Road and JP Nagar. Apart from this, buyers' interest is also going all up. In 2014, the absorption rate of real estate Bangalore is also escalating: a clear indication in rise of interest of end-users in new projects. The rest of the year is also expected to fare well in terms of absorption rate. If that happens, the imbalance between demand and supply shall correct. This shall make the prices fall back to their correct values.

Buy or rent residential and commercial properties in Bangalore over the real estate site, Makaan.com. The property site lists lacs of properties in India real estate from prominent builders and owners. Get fine-tuned results by searching on property search website on the basis of dimensions like location, budget, age, and type of property in India real estate.

Bangalore builder to pay for delay in flat possession

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In a landmark judgment in Bangalore realestate  Karnataka State Consumer Disputes Redressal Commission has asked a leading Bangalore realestate developer to pay a a substantial amount of cash for failing to give a possession of residential property in Bangalore within the stipulated time. The developer of realestate in Bangalore has been asked to pay an interest of 15% on the cash that was paid by the purchaser towards the sale of residential property in Bangalore.

According to the complainant the purchaser had bought residential Bangalore property . He was promised that the possession of flat in real estate in Bangalore India would be given in January 2003. He had requested the builder to merge the 2 flats of 1,150 square feet each and provide him with a larger flat which measures 2300 square feet. A sale deed was signed for the same, but when the developer of real estate in Bangalore, India failed to give him possession even in 2010, the complainant had to approach Karnataka State Consumer Disputes Redressal Forum.

The commission asserted that it is clear that the two parties had entered in a sale agreement in 2001. The complainant had paid builders of realestate in Bangalore an amount of  Rs 11.5 lakh, and the balance was to be paid in the year 2002. The purchaser had asked Rs 20 lakh as a compensation amount apart from seeking directions that the developers of real estate in Bangalore India to execute the deed. The commission has said that the delay of the property site was intentional and it has asked the builders to execute the sale deed of the 2,300 square feet property site within a month. The commission has also asked the builders to pay 15% interest on the money given by the purchaser alongwith Rs 2,000 as litigation expenses within a month. Makaan.com is India property sites that deals with real estate India. The property site lists India property and property in Ahmedabad.

Demand for Luxury Housing Increases in Pune

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The Pune real estate is seeing a paradigm shift in house buying trend. The city was looked as a place were one could buy affordable properties. But the trend now seems to have changed as more and more people are preferring luxury properties in Pune over affordable Pune property. The city house numerous IT companies and it acts as a corporate and educational hub in the western region and so the demand for affordable to mid-segment properties in Pune has always been increasing. But lately working people have started showing interest in luxury properties in Pune.

So what has led to this change, this change in the real estate Pune can be attributed to rise in disposable income of an working couple. The purchasing power of people has gone up as the pay scales have risen over the years. Today people want to experience luxury they want to show off their wealth and to capitalize on this changing trend real estate developers have also started to launch luxury properties in Pune. 

Depreciation in Rupee has only fueled this trend as NRI too are keen on investing in luxury Pune property. This change in Pune real estate is being welcome by industry players as they feel a new market segment has come up in the realty industry. But if one is looking for quick profits in luxury India properties one will have to wait as people will have to hold a property for atleast five years till they can earn a decent return of investment. Also investing in luxury real estate in Pune also requires more funds. Since luxury India properties are not suitable for investment not many people are keen to invest in this sector and there is a sufficient supply of such properties in the real estate Pune market. Makaan.com, India's fastest growing property search portal offers a complete list of commercial as well as residential properties in India which are available for buying, renting and selling.

Damaging Property Might Lead You Into Trouble

Chandigarh Property at Property

Causing damage to public or private Chandigarh property in the state of Punjab during a strike, rail or road blockade might invite punishment in the coming months. The state government is planning to come up with a bill that will allow the state to prosecute all the people who damage the Punjab state's public or private property. If one is caught damaging Punjab's public or private property including property Chandigarh he may face an imprisonment of up to one year alongwith a hefty fine.

Although the main opposition party Congress has accused the SAD-BJP coalition government of suppressing the voice and sentiments of the protesters, the current state government said that the new law is being introduced on lines of the honorable Supreme Court directions for protecting India Real Estate.

The new bill is called the Prevention of Damage to Public and Private Property Bill 2014. According to the bill any person found guilty of causing damage to public or non public property might be awarded a jail term that could extend till one year, the person may also be liable to pay a fine which might extend upto Rs 1 lakh.

The Bill also states that any person found guilty of causing damage to private and public properties including Chandigarh property by fire or any other explosive substance can be punished with a jail term not less than a year but which might extend to two years and could be liable to a pay fine of upto Rs 3 lakh.

According to the Bill, the said definition of damaging act includes strike, agitation, bandh, dharna, or demonstration, blocking of rail or road traffic by which may cause damage to any public or private property Chandigarh.

The bill also states that no court lesser to the court of Chief Judicial Magistrate can carry out the proceedings of the offense committed to damage India real estate under this Act.

Hilton to come up with 2nd hotel in Bangalore

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Hilton Worldwide, a well known name in the hospitality industry, has recently announced that it aims to open a new hotel in India. Hilton has several India properties and it also facilitates online property booking of hotels. The hospitality chain will be coming out with a new property in Bangalore which will be named as 'the Hilton Bangalore Embassy Golf Links'. This Bangalore property will developed jointly by Hilton Worldwide and a prominent real estate developer Embassy Group. The Bangalore based Embassy Group has already invested Rs 350 crore to built 247 room hotel property in Bangalore which will spread over four acres. Currently Hiton group has one Bangalore real estate which is Double Tree Suites By Hilton Bangalore.

This will the Hiton's 13th India properties and second Bangalore property. With the opening of new Bangalore hotel the total rooms operated hospitality giant has reached to 2,000 in India. Hilton Worldwide is currently also in talks with several other companies in India to expand its presence across the country in the next  few years. The company in the coming months, will also open its Double Tree hotel brand in Agra and Conrad hotel brand in Pune. Currently the hotel chain has only four out 11 brands in India, in the coming years the hospitality giant aims to improve its presence.

The Embassy Group also aims to increase its market presence in hospitality industry and so the real estate developer is also planning to buy and come out with hotel properties Bangalore. The company is in process of acquiring  Four Seasons hotel for 600 crore.

In the city one can find several 5 star hotel properties in Bangalore which offer online property India booking facility: Bengaluru Marriott Hotel Whitefield, Clarks Exotica, Crowne Plaza Bengaluru Electronics City, Four Points By Sheraton Bengaluru Whitefield, Hotel Royal Orchid, Hyatt Bangalore MG Road, ITC Royal Gardenia, Bengaluru, ITC Windsor Bengaluru, JW Marriott Hotel Bengaluru, The Lalit Ashok, etc.

Budget homes in Faridabad

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If one is looking to buy budget property in Delhi NCR one should invest in property in Faridabad. The city stands out amongst other Delhi NCR cities as a budget residential place to buy a house. The proclivity of the buyers has been largely for apartments in Delhi, Gurgaon, and Noida,; Faridabad has still not witnessed that kind of penchant that its counterparts have been through. The city carries immense potential to become the next big thing in realty circuits. Availability of infrastructure and good number of developmental land parcels are the prime reasons why one should invest in property in Faridabad. Faridabad real estate can give tough competitions to other Delhi NCR cities. The affordability factors is another factor that go in its favor.

Faridabad houses hundreds of large-scale companies like Shova, Lafarge, Imperial Auto Ltd., Birla Escorts group, Yamaha, ABB, GoodYear, NHPC Ltd, Indian Oil (R&D), Havell's, L&T, Mahindra Defence, Thomson press,etc. People can seek to invest in properties in Faridabad that lie close to industrial areas. Several new industrial projects are also coming up in the region, one can also look to invest in a flat in Faridabad near upcoming industrial projects. The city also houses several reputed colleges and educational institutes. Families with children can look to buy properties in Faridabad near popular and reputed school.

Faridabad also offer numerous tourist attraction like Dhauj Lake, Raja Nahar Singh Palace, Aravali Golf Course, Nahar Singh Cricket Stadium, Suraj Kund Tourist Complex and the crafts fair, Jharna Mandir village Mohabbtabad, Shri Parshvanath Digambar Jain Mandir, Badkhal Lake, etc. People looking to buy a second vacation home can think of investing in flats in Faridabad near these areas. 

Makaan.com is a major real estate website to buy property that features cheap houses in Faridabad and other cities. Mid-segment and luxury property in Faridabad is also featured online.

Chennai Properties Allure Investors

Chennai, the capital city of Tamil Nadu, has attracted many people to invest in Chennai real estate. Chennai real estate is booming as the city is equipped with excellent infrastructure, stronghold in software sector, upcoming metro project. The upcoming Chennai Metro that is supposed to be developed in two phases has sparked an interest in properties in Chennai. The properties in Chennai around the Metro area have already witnessed a rise of about 15% in property prices.

Over the years property at Chennai has shown a considerable appreciation but the return on investment has largely been depended on the area of the property site. Properties Chennai located at Central and South Chennai have offered high ROI's whereas North Chennai has not shown any major movement in property prices. In Central Chennai demand for residential properties Chennai has outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for flats for sale in Chennai improved last year.

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well. Siruseri too has seen a plethora of mid and small segment housing projects going on; the presence of Asia's largest IT Park has awarded it with the commercial and corporate importance. East Coast Road(ECR) is dotted with a number of luxury projects and is witness to a high demand for high-end bungalows.   

Makaan.com was incepted by People Group, the site offers list of properties Chennai and real estate Chennai.

Gurgaon's groundwater level drops

The demeanor of Gurgaon, on front of real estate, keeps on changing, as it happens with other cities. Right now, a lot has been happening in terms of realty market as it seems that in a few years time Gurgaon will become a dry state. The cause of distress is the city's groundwater level which is depleting at an worrying rate. The groundwater levels in the city see a reduction of more than one meter per year. This alarming situation may seriously affect the real estate of Gurgaon as it may scare future investors of Gurgaon properties.

People are blaming receding groundwater table on the MNC boom, which has caused real estate developers to make more commercial properties and flats in Gurgaon. In the last two decades India real estate sector saw major movement in real estate Gurgaon. The real estate Gurgaon witnessed
mushrooming of innumerable multi-national companies which gave rise to numerous job opportunities that led to an exponential growth in population and the failure of civic agencies to cope with the situation.

The dropping of groundwater table has therefore been attributed to rise in number of companies, shopping malls and flats in Gurgaon. A high court order in the year 2012 had strictly prohibited  setting up borewells for groundwater extraction for construction and residential usage. But still many people use illegal borewell to use groundwater. According to the honorable high court's order only civic authorities can extract borewells water.

The city is under the grip of inflation right now. The prices for properties are quiet hefty. There is a dire need to work upon the things, so that properties are within the reach of every section of society.

Makaan.com, the property India website, lists all types of flats in Gurgaon and other cities across the country. Get to know the prices tends for Gurgaon flats in major localities, on quarterly basis.