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Thursday, 29 October 2015

Faridabad Flats Attracts Customers Due To Reasonable Realty Rates

Planning to shift in to Delhi NCR area for a few years and looking for a suitable home in Delhi NCR area then you must checkout real estate Faridabad. Faridabad real estate offers some real steal deals as the city offers property at affordable prices. Many people prefer to buy flats in Faridabad like Sainik Colony property or flats in Green Field, etc as these are well-known localities of the city. Since the rates of Faridabad flats are not very high the region attracts many first time buyers.

Also ever since the repo rates have come down resulting in lowering the the home loan rates more people are looking to buy flats in Faridabad like Sainik Colony property or flats in Green Field. In view of the fact that Faridabad flats fall in the mid segment range they are highly influenced by the home loan rates. Currently, property in Sainik Colony and property in Green Field are attracting a huge customer base due to lower interest rates.

Many people shy away from investing in Faridabad real estate as they feel that the city has not given good appreciation when compared to other satellite cities of Delhi. However it is the affordability factor that is attracting most customers to invest in real estate Faridabad. The city offers good infrastructure and can give good returns in the coming future. Faridabad flats can be termed as a good investment avenue as it doesn't require huge investment. Many people who are coming to Delhi NCR from various parts of the country are also getting attracted to flats in Faridabad as they are easily affordable.  Also the rentals in real estate Faridabad like property in Sainik Colony and property in Green Field are not very high which makes the region a perfect place to stay in.

Wednesday, 28 October 2015

Freebies Offered By Builders To Sell Flats In Hyderabad Real Estate

Hyderabad real estate is a slow moving realty sector hence to motivate people to make a purchase for Manikonda flats and property in Kompally; developers is offering several freebies. The real estate in Hyderabad has not been able to gain much momentum hence there is a lot of unsold inventory piling up. Many builders are coming up with various offers to promote realty like Kompally property and flats in Manikonda.

Ever since the Telengana issue has been resolved many builders have launched new projects or restarted the old projects in real estate in Hyderabad that had been stalled. However, the sales speed didn’t pick up as expected and therefore builders were left with huge stocks of unsold inventory. The cash-strapped builders in real estate Hyderabad are making every possible attempt to promote their properties such as Manikonda flats and property in Kompally. From free international holiday, deferred payment plan to free parking and fully furnished flats various freebies are been given out with the sale of  Kompally property and flats in Manikonda. But sadly all these tactics have also not been able to pull the customers.

Customers want accountability, in real estate in Hyderabad some builders had stalled their projects after they did not sell sufficient flats, and this became a major concern for all the people who did invest in those projects. Delayed possession has been a major cause for concern in Hyderabad real estate. Even though many builders promise to give a certain amount as penalty in case of delayed possession but builders in real estate Hyderabad have faltered on this too. Hyderabad real estate can only prosper well if the builders stick on their commitment and offer possession of properties on time. Freebies can only promote properties but they cant propel people to make investment and property buying decisions.

Monday, 26 October 2015

What To Look While Investing In Pune Residential Property

Buying Pune residential property is a tedious task due to high real estate rates in Pune. Many people are looking to buy Kharadi flats and Moshi property but high property rates in Pune are preventing people to buy property. However, if one is trying to buy a Pune residential property like Kharadi flats and Moshi property for self occupation then its best not to wait for the market to correct. One should always try to strike a bargain in Pune properties resale market.

While it is true that property rates in Pune have remained sluggish in the past few years, but still one can still look for pockets of land like property in Kharadi and flats in Moshi that are affordable.  Pune properties resale may also fit the budget requirements. Real estate developer may also offer deals on property in Kharadi and flats in Moshi if one chooses to invest at the launch or pre-launch stage of a project.

Real estate rates in Pune are discouraging buyer to enter the Pune residential property market. Property for sale in Pune has now become so expensive that people are unable to afford a flat here even after taking a loan. And therefore even though home loan rates have come down alot in the last few months no much movement has been seen in the property for sale in Pune.
If one is looking to invest in Property for sale in Pune then one should invest in areas that offers plenty of job creation opportunities. If there is an industrial corridor nearby then it would be an added plus as it would help in growth of demand of the property. One should look at 5-7 year investment horizon for any investment into a property for sale in Pune to reap all the benifits of the investment.

Wednesday, 21 October 2015

Affordability And Availability Boost Sales Of Flats In Barasat

Real estate in Kolkata is witnessing the rise in interest of realty developers in constructing affordable flats in Kolkata. Various land parcels in real estate in Kolkata have been acquired to develop affordable houses which attract the middle-class or the working class segment. One of the major areas witnessing movement in real estate Kolkata is Barasat which lies on the outskirts of the city. Property in Kolkata for sale in Barasat is garnering a lot of enquires as well as interest from the buyers and end-users. Since flats in Barasat fall in affordable and mid-income segment this property in Kolkata for sale is witnessing a stable demand in the last few months.

Availability of land and affordability are some of the factors that are attracting builders to construct flats in Kolkata outskirts. In the past few months the real estate in Kolkata has shown a considerable growth in demand, but since there is a huge supply of flats in Kolkata, there has not been much price appreciation till now. But still Barasat flats have been able to attract both buyers as well as developers. Many well-known builders are keen to develop or are already developing Barasat flats.

Since flats in real estate Kolkata periphery are not very expensive, end-users show interest in such projects which in turn attracts builders to construct more such projects. Flats in Barasat and projects on the city’s outskirts have turned the tables for real estate in Kolkata. More and more people are now willing to invest in real estate Kolkata in the low-cost housing segment. Nearly every month several developers launch their property in Kolkata for sale on the periphery of the city. It seems that the city has managed to gain the much needed momentum to revive its real estate sector which was not doing well since quiet some time.

Monday, 19 October 2015

Singaperumalkoil Assumes Importance As a Residential And Commercial Zone

Property in India has been a mixed bag when it comes to all the major metros in the country. Chennai, in particular, has always witnessed certain stability in terms of overall market progress and demand. However, the city has not been able to shake off the saturation that took place in both Mumbai and Delhi and caused a market shift and greater progress in Navi Mumbai and NCR respectively. The limits of the city have been rapidly expanding and several new destinations are being billed as the new progress hubs of the future when it comes to both commercial and residential realty in tandem with infrastructure development. Singaperumalkoil is one such area which has managed to capture a large part of the demand for Chennai properties in contemporary times. Aspiring buyers of properties in Chennai are now focusing on Singaperumalkoil for its growth as a major automotive and IT hub. Analyses on Indian properties throw light on the strategic linkage of Singaperumalkoil with other parts of the city through the important Grand Southern Trunk Road along with the influx of several leading companies like Dell India, Capgemini and Infosys here as two major factors behind the locality’s growth. The Mahindra World City has been a major development here along with the influx of Ford Motors. These commercial developments have led to the growth in infrastructure in and around the area along with the creation of highly coveted residential clusters all around.

The Chennai property market is witnessing steady growth on account of high performing zones like Singaperumalkoil. The locality is well connected to major industrial hubs and corridors and the National Highway 45 is also accessible from it. The development of the GST Road into 6 lanes will also boost progress in the area. Several leading developers are now building projects along the GST Road itself. Several luxury townships are also being developed here. Proximity to OMR and Oragadam is another prominent reason behind the rapid growth of the locality as a preferred residential zone. The development of several SEZs and business clusters in the future will also spark greater demand for property in Singaperumalkoil.

Thursday, 15 October 2015

New IT Hub Promises To Boost Bangalore Real Estate

Several property India reports are currently highlighting the emergence of a whole new IT hub in Bangalore that promises to boost overall infrastructure and realty progress simultaneously. Bangalore real estate markets have certainly been influenced by the emergence of this new IT hub and the future looks bright for developers operating in this stretch. Demand for real estate Bangalore is anyway restricted to newly growing and developing pockets like these as saturation points are being witnessed in much of the city. To come to the newly developing IT hub, this is the entire stretch of the Outer Ring Road running between KR Puram and Sarjapur Road. This should definitely be the site of all future business and residential progress over the next couple of years according to market experts and property analysts. This stretch has definitely sparked a revival of the demand for real estate in Bangalore owing to its new billing as Bangalore’s Silicon Valley with multiple multinational companies, IT giants and startups taking office spaces here. The area is also witnessing rapid development of shopping malls, residential complexes, commercial spaces and other entertainment and recreational zones. Public infrastructure is also steadily being developed in this entire stretch and this is expected to boost realty growth here. Connectivity in this area is also being enhanced greatly and several leading companies are pinpointing this destination as the next big hub for growth and progress.

Studies on India real estate have demonstrated  how Bangalore is in the throes of massive development in emerging commercial zones and this new IT  hub is steadily being transformed into one of the most prime and coveted residential destinations for most professionals in this sector. Ideas are also being solicited from residents and the public by the municipal authorities and traffic police with regard to instilling greater efficiency, convenience and resident welfare initiatives. There are several landmark properties that are being built in this stretch including many tech parks. Many leading developers are now taking up premium projects in the area which are located in close proximity to several corporate and IT zones. These projects are also garnering healthy attention and demand from aspiring property buyers.

Tuesday, 13 October 2015

Lower Land Conversion Rates Could Boost Noida Realty Market

Real estate Noida markets could witness a new found boost owing to a landmark development whereby land conversion rates have been brought down by the authorities. Demand for flats in Noida has not been all that high lately according to several India property reports and studies. However, developers can now take heart from the slashing of land conversion rates to around 10% from the previous high rate of 25%. This development might have the potential to boost demand for Noida flats and other properties according to several studies and reports on Indian real estate based on their locations. This guideline for reduction of conversion rates has been issued by the Noida Authority based on popular demand. A similar regulation has also been made operational in Delhi and this may have played a role in sparking this new development. Before this ruling, allottees possessing industrial and residential property had to pay a charge or impact fee to the Authority for converting the same into mixed land use developments. This fee worked out to a whopping 25% of the total cost difference between commercial rates or reserve prices of the locality in question and predominant industrial and residential sector costs. The approval of the reduction in conversion rates will now boost the conversion of industrial and residential properties into mixed use developments. This may give a fillip to developers and lead to the development of several mixed use projects that actually bring back healthier sales volumes and progress into the Noida market.

The impact fee will have to be paid in a lump sum though while charges for water supply and electricity will also prevail in specific cases as per the existing commercial rates. Mixed land use conversion will boost the creation of commercial spaces in residential and industrial spaces and vice versa. Banks and guest houses can also be integrated into residential projects while industrial plots can be used for integrating museums, automobile showrooms and art galleries among other commercial and retail projects. Convenience stores, ATMs, canteens and other social amenities can also be brought into residential developments more easily courtesy this lower rate.

Thursday, 8 October 2015

The Changing Realty-Scape Of Mumbai

Mumbai or Maximum City, as it is fondly called, is witnessing rapid changes in its cityscape and of course, its realty market. Demand for flats in Mumbai is no longer restricted to mainstream city locations alone. South and Central Mumbai are way too unaffordable for most buyers and professionals and hence a shift in residential demand to several peripheral locations. Buying a flat in Mumbai is almost impossible in most city locations owing to limited supply, spiraling capital and land values and impossibly high square foot rates. According to India property reports, aspiring property buyers are now choosing to invest in zones like Thane which are performing well in comparison to many city locations. Thane is one of the hotbeds for residential growth at present and several property sites India have billed it to be the next big real estate hotspot after Navi Mumbai. Thane is no longer the affordable and poorly equipped cousin of India’s financial capital. Thane is today home to several leading hospitals, educational institutions, shopping centres and other social amenities. Infrastructure has grown unprecedentedly in Thane while several premium townships and projects have been developed here by leading developers. Thane is now a hotbed for luxury housing projects as well, something that was hard to imagine in the recent past. According to experts, the Kalyan-Thane belt will always remain viable for investors and end users alike. This is because of the untapped potential in these areas and comparatively lower rates in comparison to Mumbai.

Growth of Mumbai real estate in this belt is primarily due to better infrastructure and smoother connectivity to central city locations. Several landmark projects with best in class amenities are being developed in these locations in tandem with affordable and mid range housing projects. Dombivali is another area which is highly favored by property buyers these days while Ambernath is also a hot favorite. Opening up of northeastern suburbs of Mumbai due to infrastructural progress has boosted demand in these areas. Panvel is witnessing huge development in recent times while Badlapur is not doing too badly either. The Vasai-Virar-Palghar belt should also be a major growth node in Mumbai’s realty market in the future.

Tuesday, 6 October 2015

Chennai Residents Influence Planning For Smart City Project

Chennai has been making headlines in almost all India real estate reports and studies, mostly due to the proposed smart city project slated to be commenced here by the Central Government. As part of the Central Government's plan to develop 100 smart cities, Chennai will be one of the forerunners in this regard. In what is being heralded as a landmark development, citizens in Chennai are now directly influencing planning of infrastructural and civic projects for this smart city project. The smart city project will anyway boost the demand for property Chennai in the next few years. The real estate Chennai market has benefited immensely from the Central Government's announcement. Demand for properties in India will be influenced largely by the creation of these smart cities in the future according to experts and Chennai’s future looks really bright in this context. The Chennai Corporation has asked for suggestions from citizens through its website that has been launched by the Union government for making sure that citizens participate in the project. Suggestions and inputs are pouring in by the day and should touch a gargantuan number soon. According to corporation officials, the authorities are targeting a place in the top 20 among the 100 smart cities. These public suggestions will facilitate the implementation of Smart City solutions in the first phase of the project. According to sources, areas like RK Nagar and commercial hub T Nagar will be hotbeds for much of these new infrastructural projects.

This should definitely be a boost for the Chennai real estate market, as demand will definitely spiral in locations like these. The corporation is already mulling several projects in T Nagar including multilevel car parking facilities and the integration of the Usman Road flyovers for creating a grade separator linking Mahalingapuram and Anna Salai. With increased importance being given to citizen suggestions and collaboration with leading planners and Central Government agencies, this project will go a long way towards improving overall transport facilities and infrastructures in Chennai according to market experts. Water bodies are also set to be restored if suggestions are keenly implemented. Residents can also expect health and hygiene improvements in the near future.

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