Skyrocketing Property Prices Keep Buyers Away in Pune

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Pune is a city of dreams that brings many people to its shores. But over the years due to rise in demand of real estate in Pune the property prices in Pune have reached a new high. Buying property in real estate in Pune, these days, has remained the sole privilege for the very affluent class, especially in the posh areas of the Maharastra city. Theproperty prices in Pune has swelled too much that it can burst any time now. Pune was a city that was supposed to offer the affordable housing to middle and lower-middle segments, who could afford to buy India property Pune, are ranking high in terms of price rates. What could be the reason behind such a catastrophic rise in rates?

The inflation that hit the Indian market recently resulted in an appreciable increase in the cost of construction materials like sand, cement, steel etc. To compensate for their invested money on these, developers started raising the rates. But they were not fair in doing so: they let the prices get appreciated alot, so much so, that the property rates in Pune gained a considerable raise in terms of prices. The greed of developers and builders, along with their nexus with political authority gave them ample freedom to appreciate the prices too much.

Seeing the hefty property rates in Pune, the demand for property in India Pune came to an all-time low. Even the middle and upper-middle income groups started wavering from their decision to buy. In spite of the fact that the demand dwindled, the developers did not lessened the rates. Instead, to bring back the customers, they came up with offers like freebies and small discounts. But this strategy of theirs has not brought any fruitful result. As long as the prices do not get corrected, it would be difficult to see the demand get any increase.

Invest in Real Estate in Ahmedabad

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Property Ahmedabad has been in high demand owning to growing infrastructural projects in the city. Real estate Ahmedabad has been growing steadily over the past few years. Gone are the days when people feared of invest in properties in tier 2 cities. Investors have shown keen interest in real estate and flats in Ahmedabad. Many NRIs too invest in Ahmedabad real estate in order to have a second home or a vacation home in India. 

Several builders have developed their project keeping NRI investors in mind. Integrated societies that offer 24X7 security have attracted NRI investors. Real estate in Ahmedabad has also given good returns on investment. Many people who had invested in real estate in Ahmedabad on the outskirts of the city have also seen a handsome ROI. Development of luxury property Ahmedabad has also been on the rise. Real estate Ahmedabad seen a spurt in the rise in number of launches of luxury property Ahmedabad. 

Ahmedabad houses hundreds of large-scale companies like Adani Group, Adani Power, Ahmedabad Spinning and Weaving Company Limited, Arvind Limited, Cadila Healthcare, Dishman Pharmaceuticals and Chemicals, Infibeam, Intas Biopharmaceuticals, Mapin Publishing, Nirma, Symphony Limited, Torrent Group, Vadilal, etc. People can seek to invest in properties in Ahmedabad that lie close to office and commercial areas.The city also hosts several reputed educational institutions. Families with children can look to invest in real estate in Ahmedabad near popular and reputed school or colleges. India's most prestigious college for MBA IIM-A is also located here. 

Ahmedabad also offer numerous tourist attraction like Gandhi Ashram (Sabarmati Ashram), Kankaria Lake, Science City, Sidi Sayed Mosque, Rani Roopmati Mosque, Adalaj Vav, Jhulta Minara, Bhadra Fort, Teen Darwaja, Jumma Masjid, Calico Textile Museum, Sardar Patel National Memorial, ISKCON Temple, Hutheesing Jain Temple, Swaminarayan Temple, Hussain Doshi's Gufa etc. People looking to buy a second vacation home can think of investing in real estate in Ahmedabad and property sale near these areas.

Abhishek Bachchan Buy a Property Worth 41.4 Crore

The preferred choice for investment for Bollywood stars has always been real estate in Mumbai. Abhishek Bachchan has too booked a luxury real estate Mumbai property in a Worli project. It is estimated that that Mumbai real estate investment cost the actor Rs 41.14 crore. The approximate rate for real estate Mumbai property is Rs 1.06 lakh a square feet for 3,875 square feet real estate Mumbai property. The flat in the upcoming project is on the 37th floor in Skylark Towers which are located in prime Mumbai real estate location Annie Besant Road. The 5 BHK property has a dining and living rooms, family room, wet and dry kitchens as well as 20 feet terraces. This project is one of very few project in real estate in Mumbai where housing authorities have allowed such unusually huge terraces.

The upcoming project Skylark Tower has two wings, each tower will be 67 floors high. The project is being built by Oasis Realty. The company is a joint venture between - realtor Sudhakar Shetty and developer Vikas Oberoi. It is believed that the stamp duty paid on the Mumbai real estate properties comes out to be a little more that Rs. 2 crore. Also the actor will have to pay a separate fee for the clubhouse membership for Rs 25 lakh. The sale agreement also specifies development charges of Rs 35 lakh. This is not the first time that a Bollywood actor has pumped money in real estate in Mumbai. Previously several stars including Hrithik Roshan, Shahid Kapoor, Vidya Balan have invested heavily in Mumbai real estate. Although some stars prefer to invest only in bungalows and independent house others don't mind investing in luxury flats and penthouses. But it is quiet clear that Bollywood is keenly interested in Mumbai real estate.

Faridabad Offers Affordable Housing

Faridabad real estate has not been able to boom inspite of proximity to major employment hubs such as Delhi, Gurgaon and Noida. This could be because of lack of infrastructure or due to neglect by the State government. Over the years Gurgaon developed as a premium realty hub whereas Faridabad properties saw no major movement. But now things are about to change as people can now find affordable properties only in Faridabad. This satellite city of Delhi offers good connectivity to other satellite cities of Delhi such as Gurgaon and Noida. 

Faridabad property is available to the middle -class man at an affordable price whereas properties price in other cities have accelerated over the past few years. Buying a Faridabad property can prove to be an extremely wise investment decision as affordable properties translates into affordable monthly EMI's. All the people who are currently paying high rents in other satellite cities of Delhi can buy Faridabad properties and choose to pay an affordable monthly EMI instead of giving rent. The city is encircled by Noida in North East, New Delhi in North, Greater Noida in East and Gurgaon in West. People living in a Faridabad properties can easily access various parts of National Capital Region. 

Buying a Faridabad property makes good sense specially for people who want own a piece of land in a metro city. Faridabad properties and houses for sale can give a good return in the next few years. Also the new government is keen to develop 100 smart cities Faridabad real estate could benefit from that as well. Also with ease in FDI norms in construction Faridabad real estate could soon prosper as their is abundance of affordable land in the city. So if you are thinking of buying an affordable house in NCR then don't think twice head towards Faridabad.

Payments For Taxes And Fees To Be Accepted Online Soon

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Good news for real estate in Hyderabad India as people will soon be able to pay their taxes online. The government is making a provision that the citizen can pay trade licence fee, property tax for properties in real estate Hyderabad India, building fees, advertisement fee and several other fees online. In an attempt to make processes easy the government is going to allow payments through net banking. For giving property tax for India properties Hyderabad in 555 nationalised as well as private banks in Greater Hyderabad. The tax can be paid for self occupied as well as house for rent in Hyderabad in a hassle-free manner.

The Banks that will accept the property tax for India properties Hyderabad, building fees, trade licence and other fees etc through net banking are Andhra Bank (200 branches), State Bank of Hyderabad (200 branches) ICICI (74 branches), Indian Bank (45branches), IndusInd Bank (15 branches), Yes Bank (11 branches), Kotak bank (10 branches). It is believed that some more national as well as private banks are keen to accept the payments. 

The decision to introduce payment of taxes and fees through net banking was taken as the services of Mee Seva centres and Citizens Service Centres of the GHMC which are accept the property tax for House for rent in Hyderabad and fees are limited in the Greater Hyderabad. Also people were facing hardships while paying fees and taxes because of limited number of branches.    

Also GHMC were paying service charges to Mee Seva Center and others and this amount could be saved if people started using net banking for making payments. The banks where payment can be made will soon set up special counters of GHMC that will accept taxes and fees. Also all those people who wish to apply for trade licence and advertisements, permissions are also eligible to apply online.

Vertical Development May Be Needed To Tackle Land Scarcity In Delhi NCR

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Real estate in Delhi NCR is the most popular destination for investment in India real estate but in the past few day the areas has seen unprecedented rise in property prices. Real estate Delhi NCR has always invited the interest of the elite. Earlier the capital city was known to afford affordable properties in Delhi NCR but now the scenario seems to have changed as the city now faces a land scarcity. Properties in Delhi NCR be it a flat or a bungalow or an independent floor is now virtually unaffordable. Earlier the DDA used to come up with affordable housing options in real estate in Delhi NCR but with each passing year the quality of construction offered by the housing authority is dropping. 

Many people attribute the rise real estate Delhi NCR to black money transaction and land scarcity but the truth is the city could not match up its scale to rapid urbanization. This has led to land scarcity due to more demand and less supply. Even after the development of satellite cities of Noida, Ghaziabad, Greater Noida, Gurgaon, Faridabad, etc the prices of properties in Delhi NCR are spiraling out of control. The clusters developed by the housing authority are not enough to fulfill the housing needs of the general public. Although infrastructure wise realestate Delhi NCR fares well but there is simply no land left in the capital city of India to invest in. Although many people argue that vertical development may be the way forward in the coming few years. It may be noted that in certain localities construction is not allowed beyond four floor as Delhi falls in highly sensitive seismic Zone. But currently it seems that vertical development may be the only way forward for handling land and housing woes in the New Delhi region.

Vaastu Shastra in Ghaziabad Properties

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According to our vedic tradition Ghaziabad properties that are build according to Vaastu Shastra bring in good energies as well as vibrancy. In Vaastu Shastra there are various things that one has to adhere to. Many people in Ghaziabad real estate build their houses in such as way that they adhere to the perfect Vaastu compliance. Some people who own plots build their properties in Ghaziabad in according specialized consultants advice.   

Many builders in Ghaziabad real estate do an elaborate Bhumi Pooja in order to drive the negative energies away. Ideally before starting construction Ghaziabad properties Bhumi Poojan should be performed as it will invite good energies and it will also ensure that an auspicious beginning of all proceedings.

Many builder prefer to keen the house entrance of properties in Ghaziabad towards the east as this direction is considered as the most best direction for the purpose. As sun rises in this east and with sunlight comes positivity and ample light. Many builders alternatively choose North East direction for a house entrance.

Builders in Ghaziabad real estate consider South-East corner as the bet location for placing a kitchen. Most Ghaziabad properties have bedroom located towards the South West corner. According to Vaastu Shastra a bedroom should not be near the main entrance and it should be located at the South West corner of the property. Having a rectangular or a square shaped bedroom is always recommended. It is advisable that mirrors should not be kept in a bedroom. Toilets Location should also be selected after careful considerations. Ideally toilets in properties in Ghaziabad should be located at the North-West corner of rooms. Toilets can also be in the South East direction of the house. It is also recommended that the toilets and the Pooja room as well as kitchen are not be next to one other.

NRI's Interested in Ahmedabad Property

Ahmedabad flats are now attracting the attention of NRI these days. Many Gujarati NRI long to have a home back in their home land and therefore many people are preferring to invest in flats in Ahmedabad. Flat in Ahmedabad offer great return and decent rental income. Although, Ahmedabad is not a major employment hub like Mumbai, Delhi and Bangalore but it still enjoys a good realty value. 

Depreciation in Indian Rupee has only fueled the trend as NRI too are keen on investing in Ahmedabad flats. This change in Ahmedabad flats is being welcome by industry players as they feel a new market segment has come up in the real estate industry. But if one is trying for quick profits in properties India one will have to wait as people will have to hold a property for atleast some years till they can earn a decent return of investment. Investment in flat in Ahmedabad does not even require a lot funds such has investing in Tier 1 cities in India. Since flats in Ahmedabad are not suitable for purely investment purpose not many people are interested to invest in this sector. Also currently there is a sufficient supply of Ahmedabad properties in the real estate market. 

Developer in real estate Ahmedabad are also keen to target NRI investors. As NRI investors have deep pockets and they can readily invest in luxury properties. Developers are keen to launch luxury projects as they can capitalize on land and earn more profits. Also due to huge profit margins the developers are able to collect a huge sum of money in the initial stages of booking and development of flats in Ahmedabad. Many NRIs seek to invest in Ahmedabad flats and they want to have a second home in their country. Only time will tend if this trend will have a major impact of Ahmedabad real estate.

Investing in real estate Navi Mumbai

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Property in Navi Mumbai is seeing a drastic demand due to rise in prices in Mumbai. Real estate in Navi Mumbai has been jumping leaps and bounds as there is no availability of affordable housing. Navi Mumbai real estate offer ample opportunity to buy flats in Navi Mumbai at reasonable prices. Rent of flats in Navi Mumbai is also much cheaper when compared to Mumbai. The city also scores better in terms of infrastructure. Also one can buy 2 and 3 BHK flats in Navi Mumbai in the same rate at which he/ she will be able to afford only one BHK or a studio apartment in Mumbai.        

Navi Mumbai real estate has seem rapid industrialization and urbanization over the years. Property in Navi Mumbai has been developed on the same lines. Now developers are offering flats in real estate in Navi Mumbai that offer modernization and luxury. After the opening of reputed schools and colleges in the region the demand for property in Navi Mumbai has increased. Real estate in Navi Mumbai is seeing a lot of interest from buyer as well as sellers even though the real estate market of India is loosing steam. 

Navi Mumbai was developed as an alternative location to Mumbai as the financial capital of India was unable to cater to the accommodation needs to the people who were coming to its shores in an attempt to find opportunities. Over the year Mumbai has exhausted its land and infrastructure but Navi Mumbai comes as a fresh alternative. Here one can buy affordable properties that is fully equipped with all the modern amenities. From designer houses to luxurious fittings, playground to stress free surroundings here you will find it all. Also it is an excellent place for investment as Indian property here fetch excellent rental income.