Invest In Chennai Property Now

An extensive property search is a must before investing in India properties Chennai. The city offers a great number of options in the real estate sector. The market is already facing a slowdown due to floods and so it is a perfect time to invest in a Chennai property. The India properties Chennai like Pillarambakkam flats, flats in Korattur, etc. have always bounced back after an adverse situation. This time too after a span of six months or a year it is expected that the market will be back on track.

For end-users looking to buy India properties Chennai like Pillarambakkam flats, flats in Korattur, etc.  this is the time to strike a bargain. Many builders as well as individual investors are looking to sell their Chennai property at cost price. Infact many real estate builders are facing huge losses and are under huge financial crunch they will happily give you a desired deal if you ask for one. So this is the time when you should step out and begin your property search. Buy India properties Chennai like Pillarambakkam flats, flats in Korattur, etc. which have a good ROI potential. You can also hire a property agent or surf on property portals to aid your property search.

Now that the lending rates have also come down this is the perfect time to invest in a Chennai property. Even though the real estate market of Chennai might look stagnant now but sooner or later the market will start appreciating. So do an extensive property search and invest in Chennai property within next few months as one might not enjoy such attractive rates again. Investing in a Chennai property right now will give huge ROI since the investment amount currently is significantly low as compared to the other metro cities of India.

Delay In Handing Over Noida Extension Flats For Sale Fumes Buyers

Buyers of Noida Extension flats for sale are fuming with anger as well known real estate developers are stalling construction of projects. Several projects offering flats in Noida Extension and flats in Noida Expressway have been delayed by upto 7 years. People want compensation but the builders of Noida Extension flats for sale are refusing to yield into the buyers demands citing one excuse or the other. It is not uncommon in real estate India that a project is delayed but what is happening in Noida Extension is unacceptable as thousands are waiting for possession of their apartments in Noida Extension.

What's surprising is the fact that the names of big developers like Amrapali and Gaursons is coming up in delay in possession. Some people who have been handed the possession of flats in Noida Extension and flats in Noida Expressway complain that there is no proper maintenance as a result several issues are cropping up in apartments in Noida Extension.

Several buyers of Noida Extension flats for sale have lodged protests and expressed dissent on Social media as well on streets.  The delay in handover of the apartments in Noida Extension has forced home buyers to launch protest against builders on streets as well as social media. As a result the Indian cricket team captain M S Dhoni has recently resigned as brand ambassador of Amrapali, as unhappy residents had asked the captain of the ream to disassociate himself from the erring brand and the builder.

People who have bought flats in Noida Extension and flats in Noida Expressway on EMI and are also paying rent for existing accommodation are the worst affected people.  Stringent rules in real estate India should be created so that builders given possession according to timeline. Builders in real estate India should be made accountable for delays in property possession delay.

High Demand For Flat For Sale In Pune

Many people are looking to buy flat for sale in Pune as the city has offered great returns in the past. The city is undergoing huge infra development which is prompting people to invest here. Ever since IT and ITES companies have come up and set up offices here, many people have invested in Pune properties like Wagholi property, Wakad flats for sale, etc. Even when people were hesitating to buy a property in India the Pune real estate was witnessing decent real estate movement.

The city has been a boon for end-users, investors as well as builders. All three have reaped good benefits out of Pune properties. The city was once considered as a sleepy town but now the city is a vibrant place where youngsters look to buy their first property in India. The flat for sale in Pune especially those located near commercial centers like Wagholi property, Wakad flats for sale, etc. are in high demand. The city has given double digit appreciation in the last five years. There are several reasons for this many people have attributed the proposed new international airport for the price hike others say the inclusion of the city in the smart city list has attracted investors attention. Real estate experts however feel that the rise of employment opportunities is the reason why people are migrating to the city which is causing the rise in demand of Pune properties like Wagholi property, Wakad flats for sale, etc.

If you too are looking to invest in property in India or flat for sale in Pune then you can visit Makaan.com where you can get comprehensive information on property in India or flat for sale in Pune. You can also check price trends of Pune properties like Wagholi property, Wakad flats for sale, etc.

Flats For Sale In Porur A Preferred Choice Of Investment

Many people look to invest in real estate in Chennai as the sector is extremely affordable. Chennai properties recently saw the downside due to floods but now things are moving in favor of the city’s realty sector. Porur is one of the most popular areas in real estate in Chennai. People who are looking to buy Chennai properties which will give good returns look to buy property in Porur.

Three IT SEZs are going to come up in the area and so many people are buying a property in Porur as they expect property prices to rise significantly. The area has already given around 70% appreciation in the last 5 years. Many people are also buying flats for sale in Porur so that later they can rent a house and earn regular rental income. The IT SEZ will employ around 10,000 people so many people will prefer to rent a house in this area. Currently also several people look to rent a house here as the area gives easy access to MIOT hospital and Ramachandra Medical College.

At present, the average price for flats for sale in Porur is around Rs 65 lakh whereas the average price of a villa is around a crore. However for most people, flats for sale in Porur are a preferred choice of investment compared to other property in Porur due to lifestyle preferences. A property in Porur here can be bought for approximately Rs. 5,500 per square feet. This pocket of real estate in Chennai has given good returns in the past and it is expected that in the future too the area will give excellent results. Real estate experts believe that investing in Chennai properties can give god results as the market currently is onn an all time low and the prices of Chennai properties will again start rising soon.

Flats In Powai See Huge Rise In Rates As Ready Reckoner Rates For The Region Is Increased By 132%

Owing to high Mumbai property prices the city is considered as one of the most expensive real estate sector in the country when compared to properties in India. Buying a property in Mumbai is a herculean task as real estate Mumbai prices are already touching the roof but this didn't deter the state government to increase the ready reckoner rates by an average 7.9%. The increase in ready reckoner rates means that the stamp duty charges which are calculated on the RR rates basis, would go up.

Increase in RR rates has impacted the Mumbai property prices and developers are unhappy about the situation as the market is already facing a slump. The recovery of the real estate market has been stopped as real estate Mumbai prices will increase significantly in some areas. Let us take an example of Powai. People who were looking to buy flats in Powai are in a state of shock as the RR rates of the area have been increased by 132%. This means people who were looking to buy flats in Powai will now have to pay a significantly high stamp duty as well as registration fees.  Also people who are living in property in Powai will have to pay more property tax as RR rates also determine the recurring property taxes. Developers of property in Powai say that this move will adversely affect the sales of flats in Powai as the cost of construction will go up significantly. Builders of property in Powai are worst affected as several payments to civic authorities are made on the RR basis.

As the cost of construction will increase the Mumbai property prices will also increase. Amongst all properties in India people look to invest in Mumbai but if the real estate Mumbai prices continue to see a significant hike then the investor might think of investing in other properties in India.