Supertech Raises 275 Crore

Noida Property at Makaan.com

A realty major Supertech has managed to raise 275 crore from popular Indiabulls Housing Finance for the construction of the company’s ongoing projects for property Noida Extension, Greater Noida properties. The real estate company is currently developing around 12 ongoing projects, most are residential property in Noida Extension, Noida and Greater Noida. The 275 crore have been raised as debt and the company can raise the amount if they require more money to construct Greater Noida properties.

The realty major was facing liquidity crunch owning to slowdown in the real estate sector. Supertech has raised the money so that the slow down does not affect construction of Greater Noida property. The real estate company has developed several Greater Noida property, Noida properties, Ghaziabad properties and property in Noida Extension. Now the company plans to expand to other markets as well. Supertech has recently entered the Gurgaon real estate market. The company has bought Rs140 acre land at Sohna in Gurgaon. According to experts the land was bought from Parsvnath, another popular realty group, for Rs 665 crore. The company has also launched a housing project in Bangalore, this project will focus on luxury properties.

Earlier in the year, Supertech had raised around Rs 400 crore from a private equity firm Xander so that it would be able to finance the its upcoming property and housing projects in Gurgaon and integrated township project in Gurgaon. Currently it is estimated that the real estate company has projects amounting to more than Rs 18,000 crores in its platter. The developer has over 90 million sqft land under construction.

Earlier the Noida-based realty company based a major blow after high court had ordered the demolision of it two 40-storyed structure for flouting land rules. The high court had asked the builder to refund money of the people who had bough flats in the two towers.

Rentals Rise in Bangalore

Buying a land, plot or flat in real estate in Bangalore is becoming unreachable and therefore more and more people are choosing to take a residential property in Bangalore on rent which lies in close proximity to their office location. The capital city of Karnataka is witnessing lack of space making it difficult for people to find a suitable residential property in Bangalore to purchase. Even though currently there are no buyers in the market the prices of Bangalore property seem to rise unfailingly. It has been seen that in the last few years people who wanted to buy a property in Bangalore at affordable prices were forced to look in suburban areas or on the city’s outskirts. But prices of Bangalore property in these suburban locality have also sky-rocketed, this has left a bad taste in the mouth of the buyer who are clueless about how to busy a suitable property Bangalore.

Fraudulent property deals, delay in possession of property in Bangalore, fake promises by dealers, have made investors wary from investing in property Bangalore. It seems that property in Bangalore can now only be afforded by the rich and affluent. This is the reason why the Bangalore property market does not invoke any interest from both end-users and the investors. Skyrocketing property prices have made Bangalore property market unsuitable for buying and therefore for many people choose to take Bangalore properties on rent. Also, traveling in Bangalore is a headache and so people prefer to pay extra money to rent a flat near their office in exchange for comfort and convenience. Since the supply of properties in Bangalore is not increasing according to the huge demand, the rentals are also now increasing and touching the roof, now only time will tell when will rentals in the capital city of Karnataka will stabilize.

Self Sustainable Properties The Way Forward

Pune properties have been a popular choice of investment for second home for people living in Maharashtra. Property for sale in Pune has seen a rise due to rise in the number of working class in the city. The city is expanding at a whopping pace. The outskirts are seeing a rapid development due to presence of IT campuses. Whats more interesting to see is the fact that more people are interested to buy a property in Pune for sale in integrated township rather than investing in standalone building.

Pune properties in integrated township offer people the opportunity to walk to work. Property in Pune for sale in township has allowed people to slow down their fast face and breathe easily. Ample open space, and various facilities has allowed people to enjoy life. Properties Pune in self sustainable township not only enhance lifestyle but they also allow people to live a balanced life.  

Property in Pune for sale in such township offer all facilities life swimming pool, gym, sauna, tennis court, health care facilities, schools, 24- hour water and power supply, enhanced security under one roof. Although buying such properties Pune can prove to be a little expensive but they are worth every penny spent. Also in the long run they offer better ROI and rental income prospects. Several developers are keen to develop integrated societies as they seen a big appetite for it.

According to the latest data there has been an increased in the number of launches of such township in the last few years. And, people are also willing to pay a little extra in return of facilities and enhanced lifestyle. Properties in self sustainable townships can be bough in various price segments. Properties can be bought in mid-segment, budget segment, affordable segment, luxury segment as well as ultra-premium segment.

Avoid These Mistakes While Buying A Chennai Property

Chennai Property at Makaan.com

Property at Chennai attracts a lot of customers, some buy Chennai properties for self occupation whereas others do it as an investment purpose. Well although buying flats for sale in Chennai is a wise investment option one could make several egregious financial mistakes. Already the property rates at Chennai are reaching the sky, making financial mistake might you hard. Here are some points that one should keep in mind to avoid financial mistakes before buying flats for sale in Chennai.

Understand your budget: Know your financial consideration, you might already be paying a car EMI or school fees, understand how much can you invest. Don't exceed your budget, people often get tempted after looking a luxury Chennai properties. Also, if you are paying rent buying a ready-to-move-in property at Chennai will make much more sense. Agents and brokers who will show you Chennai properties for sale will often tempt you by saying that property investment is a one time investment but always keep your budget in mind before making a final decision.

Consider Additional expenses: There are a lot of hidden costs involved when one buys Chennai properties for sale. One has to pay brokerage charges, stamp duty, registry duty, maintenance charges. Some builders also charge floor rise, preferred location charges, club membership, parking space. One should keep in mind the additional charges one will have to pay.

Choosing Your Loan: Most of the people who are looking to buy a Chennai property, plan to take home loans. Always compare interest rates of various banks, both public and private. One can logon into various sites that compare interest rates of various financial institutions and banks. People should also carefully consider their loan tenure. Always choose to take affordable home loans so that you don't strain your budget.

Why Pune Real Estate Is Doing Well

Pune Property at Makaan.com

Pune, the cultural capital of Maharashtra and the 8th largest city of the country, has offlate seen a good appreciation of prices of properties in Pune. Proximity to the financial capital of India, good weather, presence of various corporate and IT hubs, educational and recreational facilities have helped to promote Pune real estate. Although the overall property market in the country is not performing well the city is going extremely well when compared to cities like Delhi, Bangalore and Mumbai where the prices of property have seen a huge downfall. Although Pune real estate has been affected by the downturn but the impact has not significantly reduced the price of properties in Pune. 

So let us understand the USPs of real estate in Pune that have saved it from a drastic fall in property prices

Location: Properties Pune have a location advantage, as they are in close proximity to Mumbai, India’s financial capital. 

Affordability: Properties Pune are still much more affordable when one compares the property prices of real estate of any major city of India with real estate in Pune. Be it purchasing a flat for sale in Pune or a commercial property, its much more economical to invest here than in any other major metro city of India

Low Rentals: Many corporate and offices have shifted to city owning to affordable rentals that bring down the operating cost of a company. 

Excellent infrastructure: The city offers excellent infrastructure, it has good roads which enables good connectivity. Also there is no death of entertainment, educational and recreational hubs. 

Presence of IT hub and various industries: Presence of various IT hubs and industries have made Pune an opportunity and employment hub. Many people who come to city city prefer to pay EMI’s rather than paying rent and therefore the demand of flats for sale in Pune has increased drastically.

Ghaziabad Offers Affordable Flats

Flats in Ghaziabad are the most sought after properties in the NCR area. Real estate Ghaziabad has grown tremendously due to improved connectivity. People prefer to buy Ghaziabad flats, as they are a more affordable option than buying flats in Gurgaon or Delhi. Over the years properties in Ghaziabad have seen a good appreciation after Delhi Metro line was introduced. Ghaziabad flats located near metro stations are also now commanding high rentals and are offering handsome ROI. Flats in Ghaziabad that are located near educational and business hubs are also in high demand as they fetch handsome rentals. Many students and bachelors take Ghazizbad properties on rent, that lie close to their office / colleges while staying in the city.

As the infrastructure of the city is improving many people are keen to invest in properties in Ghaziabad. Real estate Ghaziabad, is a great place to invest if you are looking to buy an affordable property in the NCR area. People who already have a home in Delhi / Gurgaon look at this destination as a place where they could invest in a property or a second home that would get them high ROI's or good rental income.

Also several people who are planning to stay in the NCR  for a longer duration are preferring to buy a property in the National Capital Region rather than staying on rent. Giving rent gets no returns, and therefore people always opt to buy an affordable property in Ghaziabad real estate. People prefer to pay EMI instead of giving rent. Often people in metropolitan cities are unable to buy an flat or a property due to extremely high prices because of which taking a loan become unfeasible. But this is not the case in the NCR area as Ghaziabad real estate offers plenty of opportunities to invest in affordable and mid-segment properties.