Kolathur Is a Rapidly Growing Residential Realty Destination In Chennai

Real estate in Chennai has witnessed steady growth in specific areas and pockets of the city. Demand for property in Chennai has gone up in Kolathur, one of the city’s fast developing areas. The market for real estates in Chennai has been boosted by Kolathur's popularity. Kolathur is winning in comparison to other markets on account of its strategic location. Kolathur has witnessed rapid development in recent years and is one of the fastest growing localities in North Chennai. Demand for Indian properties has been a little low in several metropolitan cities of the country though Kolathur is one among a few localities that have bucked this trend. The area has witnessed the construction of flyovers for easing traffic congestion along with several infrastructural developments. The metro railway network is also set to be extended to this locality and this will spark heightened progress. Several apartments are available in the locality that are priced between the Rs. 50-70 lakh. The locality also offers easy access to several places like Puzhal, Perambur, Periyar Nagar, Jawahar Nagar, Vinayagapuram, Vajjiravel Nagar, Villivakam and Grand Trunk Road. The latter connects the locality to the Hyderabad-Chennai Highway. Additionally, the Inner Ring Road also runs through the locality while Anna Nagar lies approximately 10 kilometres away from the area. The Chennai Central railway station lies around 15 kilometres away from the locality. The Kumaran Nagar bus depot is also located near the project. Business districts like T Nagar are also accessible from the project while the Loco Works and Villivakam railway stations are also accessible from it.

Prices in Kolathur are quite at par with the trends prevalent for properties in India. Prices of properties in the area range between Rs. 4, 000 and 5, 000 per sq ft. The area is also well connected to several colleges, schools and hospitals. Prices are a little lower as compared to Anna Nagar. Kolathur properties are usually priced between Rs. 25 and 75 lakhs on an average while sizes range between 410 to 1196 sq ft. There are limited options in the area in the price range of Rs. 1 crore. There are several departmental stores and theatres present in the area as well in addition to a leading IT Park.

New Developments Set To Boost Gurgaon Realty Even Further

Gurgaon Properties At Makaan.com

There is widespread demand for properties in India across only a few lucky markets which have managed to make a quick recovery from the intermediate property slump that gripped most major markets including metropolises like Mumbai, Delhi and Kolkata. Gurgaon real estate has been swift in making a recovery from this slump with steadily rising demand for housing and high activity and transaction levels in the market. The demand for Gurgaon properties is anticipated to rise even further over the next couple of years owing to several key developments and infrastructural improvements. Gurgaon is today a leading commercial and business hub adjacent to Delhi and is home to numerous shopping malls, employment avenues and corporate clusters. The population of Gurgaon has seen a jump over a period of 3-5 years and this is set to go up with more and more companies making a beeline for the city. Infrastructure has undergone huge improvement and some developments will definitely boost demand in the near future. Real estate Gurgaon is set to benefit from improvements in water supply, sanitation and public transport. Free Wi-Fi connectivity will also be available in public places soon. The Darbaripur, Noorpur, Bandwadi and Baliyawas villages will be included within the Gurgaon Corporation and this will lead to further expansion. The metro railway extension will also boost realty progress in Gurgaon. The Rapid Metro will link Sectors 56, 44 and the Golf Course Extension Road by September 2016.

Five zones will be the hubs for street markets in Gurgaon, an innovative concept floated by the municipal authorities. Additionally, the authorities are working on making 24-7 water supply a reality in several areas and the Chakarpur pilot project has already been successfully completed. Night markets will be introduced across Gurgaon to improve overall safety while street lighting will also be enhanced. Public transport facilities will be improved and underpasses are also being constructed at IFFCO Chowk, Signature Chowk and Rajeev Chowk. Lighting has been boosted in Rajeev Chowk, Old Delhi Road, New Gurgaon and Pataudi Road among other areas. Such infrastructural developments promise to boost realty markets even more in Gurgaon as per India real estate reports.

Best New Investment Destinations Near Mumbai

The scenario has been quite bleak when it comes to real estate in India. Mumbai is no exception in this regard. With highly price saturated markets, piling up inventory and lack of demand on part of the mass, Mumbai is definitely witnessing one of its worst realty cycles in history over a period of two to three years. However, there are some great new investment destinations in Mumbai should you be looking for the same. You can invest in flats in Mumbai across several strategic locations that should be the growth nodes of the future. While there is ample property in Mumbai for sale, these locations are being billed as the best investment destinations for those with a nest egg to invest as per property India reports and statistics. A minimum investment of a crore is usually required to purchase property in Mumbai but these destinations will only require between Rs. 20-40 lakhs at the beginning. This should not worry you as this minimal investment will get you unbelievable returns in the near future. Asangaon is set to be a major growth driver of real estate in Mumbai according to experts. This area is a part of Thane and lies along the Nashik-Mumbai Expressway. The locality lies approximately 70 kilometres away from Mumbai city and is being developed rapidly. 2 and 3 BHK apartments are being developed here with sizes between 450 and 1200 sq ft. Properties are available at immensely low prices in this neighborhood in comparison to Navi Mumbai and Thane and the area is home to several manufacturing units and a railway station linked to the Central Line. This locality should offer high returns within the next 2-3 years.

Panvel will also develop further and garner great returns for investors. Panvel is one of Navi Mumbai’s best localities and is well linked to several areas through the Panvel-Sion Expressway, Pune-Mumbai Expressway and the National Highways 17 and 4B. Panvel is also being regarded as an upcoming commercial hub. Ulwe is another residential destination that will offer rich returns on investments to buyers and investors owing to the skyrocketing residential and industrial segments here.

Affordable Housing Booms In Chennai

There are several budget housing destinations in Chennai as demand for affordable housing has become one of the biggest growth drivers of the real estate in Chennai market. According to property India reports, there are innumerable properties being developed every year in the Chennai Metropolitan Area or CMA. An overwhelming majority of these properties are based in the suburbs of the city. However, there remains a shortage in housing units to the tune of almost a lakh. There is still a shortage of close to a lakh housing units in the affordable housing category going by the prevalent demand. However, estimating the present rate of development, this statistic should be rising to approximately eight lakh units as per statistics supplied by the authorities. The affordable housing segment is being catered to by several properties in Chennai, particularly in the suburbs. There are several reasons for this  development including the need for more supply to meet demand. This is prompting developers to launch projects in areas like the OMR and GST Road. These two areas are witnessing a major property boom of late and this has given a much needed boost to real estate in Chennai. Property in OMR and GST Road are being sold out within days of their launches according to several experts and market observers. Velachery was the first to witness this boom followed by the two areas mentioned above. Sriperumbudur is also witnessing a property boom in the affordable housing segment.

Even with the previously dismal state of real estate in India, these areas have kept Chennai’s property market alive with no shortage of buyers to seriously worry about. These growth corridors have also had investment in manufacturing units, offices and factories from leading companies like Tata Consultancy Services, Hyundai and Ford among others. Additionally, several people from Chennai city are migrating to the suburbs in search of better lifestyles and environments. Additionally, social infrastructure is also being developed rapidly in these areas including schools, malls, healthcare institutions and more. Hiranandani, DLF and other developers are foraying into the development of social and recreational infrastructure in these growth corridors and this has attracted a lot of investment to these areas.

Best Destinations for affordable housing in Delhi-NCR

The Indian real estate market is witnessing huge consumer demand for affordably priced properties across segments. Delhi-NCR is no exception and is also a witness to overwhelming demand on part of the lower and mid income segments for competitively priced apartments in decent locations. There are several affordable housing destinations in Delhi-NCR as per India property analyses and reports. If you’re truly looking for budget housing options in the NCR-Delhi real estate market, you would do well to check out markets like Neemrana, Bhiwadi, Alwar, Bhiwani, Dharuhera and Bharatpur which are witnessing huge growth and also offer immense potential in terms of capital appreciation. The latest round of growth and expansion in the NCR has created several budget housing opportunities for developers and customers alike. Three districts have been conjoined to the NCR, taking the total tally to 19. Affordable substitutes like Bhiwadi and Dharuhera are set to emerge as hubs for both residential and commercial growth owing to several upcoming infrastructural developments. These include the upcoming Honda Siel car plant at Khushkhera, the establishment of Rs. 3,000 crore worth of industries in Bawal and the railway and Japanese corridors. The development of the KMP Expressway and connectivity to the National Highway 8 are also driving growth in Bhiwadi and Dharuhera in addition to the innumerable factories and industrial units setting up shop in these areas.

Neemrana is another top destination in terms of affordable housing in the real estate Delhi-NCR market. Neemrana is well connected to several areas through the National Highway 8 which also offers access to the Indira Gandhi International Airport. Neemrana is also a part of the landmark Mumbai-Delhi Industrial corridor. The market for affordable real estate in Delhi is expanding to include these suburban destinations in the NCR that still offer reasonably priced properties and infrastructural benefits galore. The proposed global city on part of the Rajasthan Government and the establishment of the regional railway transport system between Delhi and Alwar through Rewari and Gurgaon could change the face of the area in the near future and garner huge returns on investments made now.