Investing In Real Estate In Delhi An Attractive Option

Many people look to buy property for sale in Delhi as it is a hub of development and infrastructure. Real estate in Delhi has grown tremendously in the last few years and it is expected that the same trend will continue in the future also. With the development of Satellite cities the number of employment opportunities that one can avail in and around the city has also increased which has also led to increase in demand of property in Delhi for sale. Although with the recent downturn in economy there was a sluggish demand for property for sale in Delhi but with new and stable government in the center and state the real estate in Delhi seems to be back on track. 

Property in Delhi for sale has mostly seen a positive growth even in sluggish markets never has investment in real estate in Delhi given negative returns. People who have invested in apartments in Dwarka have reaped huge benefits. Flats in Dwarka are in high demand as people working in Gurgoan as well as Delhi are able to commute easily from this location. Apartments in Dwarka also fetch high rentals for the same reason. Flats in Dwarka will continue so see a price appreciation due to healthy demand of property for sale in Delhi.

Since Delhi does not have much scope for vertical development as it falls in an extremely earthquake sensitive zone there is a scarcity of property in Delhi for sale. The trend is unlikely to be reversed in the future and so there will always be an extremely high demand for property for sale in Delhi. So if you are looking for a safe investment proposition do not think twice before investing in real estate in Delhi if you willing to hold a property in Delhi for sale for a minimum period of five years.

Investing in Real Estate Delhi NCR

Delhi Property at Makaan.com

Flats in Delhi have always been in high demand, high Delhi property rates have not dampened the spirit of buyers. Even though now many alternatives such as flats in Noida, flats in Ghaziabad and real estate Faridabad are available but still people prefer to invest in flats in Delhi. But for all those who cannot afford flats in Delhi due to escalating Delhi property rates or are looking to invest in a second home nearby flats in Noida, flats in Ghaziabad and real estate Faridabad present decent option.

Since the Delhi property rates have made property virtually unreachable for the common man people are looking for new alternatives present infront of them. But which one should they choose. Almost all the satellite cities of Delhi seem to be a good investment option which one will prove to be a better investment option in the long run. Well we have the answer for you so that you know which property deal is going to be a steal deal.  

People in Delhi who like invest in flats in Noida, flats in Ghaziabad and real estate Faridabad do it either for end use or for investment purposes. Real Estate has grown as an preferred asset class with more and more buyers looking at it as a preferred INVESTMENT option. Looking at the needs of these buyers, Makaan.com, India's fastest growing property site, offers two tools “INVEST” tab on its site and and Makaan.com Property Index. These tools allow the users to search properties that have given higher Rate of Appreciation (RoA) in the past years. The tools empower and offer the real estate industry with up-to date information related to movement in properties prices of flats in Noida, flats in Delhi, flats in Ghaziabad and real estate Faridabad which help people in making smart real estate decision-making.

Investing in Flats in Ahmedabad a Good Investment Decision

Ahmedabad flats seen a paradigm shift in demand. Earlier the sleepy city is seeing a steady influx of investments. NRIs as well as locals are keen to purchase Ahmedabad apartment. The city too offer Ahmedabad flats that suit various pocket sizes. Flats in Ahmedabad are in high demand due to growing opportunities in the city. The city is emerging as the new automobile hub and many new employment opportunities has been created as a result more and more people are keen to invest in flats in Ahmedabad.

Ideally a flat in Ahemdabad should not cost more than a few lakhs but luxury Ahmedabad Apartment can cost upto a crore. It is an wise decision to invest in the city as the city is currently in a growing phase and sooner or later the flat in ahmedabad are going to fetch huge returns. Initially  real estate market on account of problems such as lack of regulation, high retail inflation, faulty builder-buyer agreements favouring developers, uncertainty over the completion date of project and rising property prices. This had caused a drastic drop in sales across all major Indian cities. But, this year experts are expecting that the sales figures will rise as several new benefits like increase in the IT exemption from 2.0 lac to 2.5 lac and increase in the income tax exemption on repayment of interest on home loan from 1.5 lac to 2.0 lac has improved the overall outlook of the real estate scenario.

Also one must also remember that the Gujarati city offer plenty affordable Ahmedabad flat which is the current flavor of the season. Investors are looking to invest in affordable properties in promising destinations and flats in Ahmedabad fit perfectly in the bill. So if you are looking to buy a flat in Ahmedabad then do not hesitate to invest in one as in the long run it is surely going to fetch very good returns.

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.

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.

Correct Time to Purchase Property in Bangalore

Purchasing properties Bangalore is a good idea as currently Bangalore real estate is available at a good price and builders are also going great lengths to attract buyers to their newly launched Bangalore properties. Currently the Bangalore real estate market focuses on the middle class buyers and budget homes. This is the reason why Bangalore real estate almost never faced a slump as they target the middle class. 

With relaxation in government policies such as offering an tax exemption on home loan the government has offered tax benefit to middle class people. Also there is a renewed interest in constructing affordable properties Bangalore after the relaxation in FDI in construction.  

As per market analysis, the period is just right to Bangalore real estate. Along with the rise in property prices, the number of new constructions too has seen an escalation. The major hot-spots where real estate Bangalore is seeing an upsurge in new constructions include localities like KR Puram, Electronic City, Whitefield, Jayanagar, Sanjay Nagar, Old Madras Road and JP Nagar. Apart from this, buyers' interest is also going all up. In 2014, the absorption rate of real estate Bangalore is also escalating: a clear indication in rise of interest of end-users in new projects. The rest of the year is also expected to fare well in terms of absorption rate. If that happens, the imbalance between demand and supply shall correct. This shall make the prices fall back to their correct values.

Buy or rent residential and commercial properties Bangalore over the real estate site, Makaan.com. The property site lists lakhs of properties in India real estate from prominent builders, real estate developer and owners. Get fine-tuned results by searching and sorting on the basis of dimensions like location, budget, age, and type of property in India real estate.

Supertech To Offer Affordable Housing in Gurgaon

Real Estate Gurgaon at Makaan.com

People who were not able to find affordable properties in Gurgaon can now take a sigh of relief as Supertech a Noida based realty company plans to invest in Gurgaon real estate and flats in Gurgaon. The firm is looking to invest approximately Rs 2,000 crore in Gurgaon real estate in the next few years. The group plans to develop several luxury as well as affordable flats in Gurgaon. Recently Supertech has launched two projects in Gurgaon real estate . The company has acquired 400 acres of land in Gurgaon real estate. 

The group for the first time has hired a CEO, who will take care of the realtor's operations in the Millennium city. According to industry experts, this move showcases the importance the firm gives to developing proprieties in Gurgaon. The Millennium City is one of the largest and most important real estate markets in India. In the past few months the company had raised Rs 400 crore from a private equity firm Xander in order to finance its upcoming township that will offer flats in Gurgaon and affordable properties in Gurgaon. Although the company has a major presence in Noida Supertech is also now trying to set it footprints in Gurgaon. The companies also has a presence in Rudrapur, Meerut, Dehradun, Ghaziabad, Haridwar and Bengaluru.   

Currently Supertech has approximately 90 million sq. ft. land under construction in various segments such as residential, commercial as well as hospitality. The company has also recently announced a university in Uttarakhand. However a few months back Supertech faced a setback after the Supreme Court had ordered the builder to refund money of investors of it two towers in Supertech's Emerald Court located at Expressway Noida. Alongwith this the court has also directed the company to refund money to the investors with 14% interest compounded annually.

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.

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.

Architects Conferred With Unesco Award

Recently the Shri Sakhargad Niwasini Devi Temple complex  has been given the Unesco Asia-Pacific awards. The property in Pune has been awarded for conservation of the cultural heritage site. The complex has received the award after it was restored by the Pune-based Kimaya architects, which is headed by conservationist Kiran Kalamdani.

This award is Pune division's first UNESCO award. Fourteen projects from 10 different countries, like Afghanistan, New Zealand, Iran and Thailand were competing for the award. Kimaya architects were conferred with the award as they had spearheaded the temple complex restoration. This award is given to individuals and private organizations who have worked successfully in restoring and conserving heritage sites. The award aims at recognizing and appreciating private efforts to restore historic sites. The award aims to encourage people to undertake conservation projects to protect heritage structures.

The jury panel which include nine international conservation experts gave the award to Shri Sakhargad Niwasini Devi Temple, located in Kinhai Village, Pune in Maharashtra, after taking a look at the striking transformation the Pune Property. The property at Pune underwent remarkable transformation as this properties in Pune required some major repairs. Several analysis were done on the property at Pune so that the temple retains its original vibrancy. The award aims to highlight the hard work put in restoring a heritage site.

Apart from this properties in Pune awards of  merit were given to Exeter Farm in Australia; Wak Hai Cheng Bio in Singapore;  Frankton Boatshed, in New Zealand; Phraya Si Thammathirat Residence in Thailand.

Many structures were also given an honourable mention. These structure are Shahzada Hussain Mausoleum, in Afghanistan; Gali Surjan Singh in Pakistan; Rottnest Island World War II in Australia; Cape Inscription Lighthouse Keepers' Quarters, in Australia; Nanjing Yihe Mansions in China; De Driekleur in Indonesia and Esplanade House in Mumbai.

BDA property Checklist

Bangalore Property at Makaan.com

There is a confusion in the minds of people, who are first time property buyers, regarding the paperwork and document that one should check while investing in Bangalore real estate. Before buying any property one check check that all the documents are clear and they clearly state details of ownership and transactions:

It is important for the buyers to ensure that Bangalore Development Authority (BDA) process for developing residential lands was done by converting agricultural land into residential properties in Bangalore.

Allotment Letter: This letter is issued by the BDA to the original property owner. If the current real estate Bangalore property holder is a second or third property holder then one must check all the transfer deeds which will clearly state ownership rights in the legal papers.

Possession Letter: BDA issues possession letter in favor of the current owner.

Sale Deed: Sale Deed is a document issued by BDA that gives specific details on the execution of sale and registration of property in favor of the allottee.

Absolute Sale Deed: This document is issued after ten years from the date of the original allotment. After a period of 10 years BDA registers the property in the name of the owner.

Building Sanction Plan: This is mostly issued by the BDA, where construction of the home is set to start.

Khata Document: BDA allotted properties in Bangalore will get a Khata document which will bear all approvals.

Tax Paid receipts: Its is essential for any prospective buyer of real estate Bangalore to check all the tax receipts. It should be checked that the current property owner has all Tax Paid receipts since the day of allotment of real estate Bangalore property. The current  property holder of real estate in Bangalore is expected to pay tax regularly every year and all the tax receipts should be handed over as proof of ownership to the new buyer.

To more more information check various properties websites. Real estate websites will give out all the relevant information to prospective or first time buyers.

Mohali: A Perfect Choice for Seekers of Chandigarh Property

Chandigarh Property at Makaan.com

Referred to as SAS Nagar or Ajit Nagar, Mohali stands out as a leading commercial hub of Chandigarh. Over a decade, Mohali has made significant progress in terms of real estate, with prices appreciated many a times. Built on the lines of Chandigarh itself, it has been developed after meticulous planning. The city has been carved into 800 by 1200 m sectors. While some of these sectors have been developed fully, there are still many left that have to witness full-fledged development. As per the Master Plan, the city has to extended to 114 sectors in all.

Known for its historical importance and dotted with a number of educational institutes, Mohali is one of the most sought-after Chandigarh properties locations. The city has got its significance from the foraying of various IT and tech giants here. Dell, Quark, Infosys, and Philips are a few names that have established their set-ups here. Quark's prestigious 51 acres 'Quark City' is an excellent example of how Mohali has got itself transformed into a corporate bigwig. Valued at $500m, Quark City comprises of a residential complex, which forms 30% part of it.

Seekers of a 2 BHK Chandigarh property shall find Mohali a place that offers flexible price brackets. A two-room apartment can cost him as low as 15 lakh and as high as 5 crore. Some preeminent developers have launched their projects in Mohali. Wave Infratech, for example, has lunched Wave Estate, a 2-5 BHK residential project. Slated to be available by December, 2016, this project offers apartments in the flexible 56 lakh-2 crore price bracket. Other reputable names that have set off their residential projects here are Ansals, Unitech and Jaipuria Sunrise.

Properties in Chandigarh: Top Residential Destinations

Ranking number 1 in emerging outsourcing and IT destinations, Chandigarh has definitely come out of age. A fully-planned city of India, it is home to several small, medium, and large scale industries. Regarding its real estate market, the city has been thriving largely on its burgeoning IT and tech sectors. Chandigarh IT Park has been the major booster for roping in more buyers and investors. Its areas like Zirakpur, Mohali, and Panchkula have proved to be carrying good potential for realty development. Let's have a look at top Chandigarh destinations that have been in the radar of buyers from quiet sometime now.

Ambala Highway: One of the high-growth ares for Chandigarh properties, the 4-lane Ambala Highway is known for huge traffic density that it carries on regular basis. The property rates aren't too high here. A 2 BHK flat is available at a price as low as 20 lakh.

Dera Bassi: It has got the strategic advantage of being located on Delhi-Chandigarh Highway. Dera Bassi is known for a number of educational projects. Residential sales has been on the upper side and this has made it an important hub of Chandigarh properties. Renowned builders have forayed here and launched their projects. To buy a two room flat in Dera Bassi, you need to shell out at least 15-17 lakhs.

Ziarkpur: Another important location that carries the tag of being an important center for properties in Chandigarh is Zirakpur.  The area has seen proliferation of luxury residences. Some big builders have launched their projects here. Proximity to Chandigarh's IT Park has rendered it a significant residential destination. Over past few years, the prices at Zirakpur have been on the upswing. The average price for a 2 BHK here is 20 lakh.

Mohali: Considered an upmarket, Mohali is a significant residential and commercial hub for buyers of property Chandigarh. Infosys, the IT giant, and Quark, the tech giant have successfully roped in buyers as well as investors.

Kharar: Located at about 15 km from Chandigarh, Kharar is an upcoming market. Greater Mohali Development Authority has taken plans for its full-fledged development. To buy a two-room apartments in Kharar, the prices begin somewhere near 15 lakh.

In the first quarter of 2014, Dera Bassi and Mohali underwent 21% and 3 % price appreciation respectively. Contrastingly, rates went down by 3% in Mohali. The prices remained almost stagnant in Kharar. Chandigarh, on the whole, witnessed a drop of 8% in price rates in the corresponding period.

Ghaziabad Property Market Poised to Become Next Hotshot of Realty

Ghaziabad Property at Makaan.com

Ghaziabad, a hitherto neglected town, is all set to become real estate stalwart in near future. The way it has seen tremendous infrastructural growth over years indicates that the city has already made an appreciable progress in realty market. It has emerged out as a good alternative market for property seekers who are finding it difficult to find dream house in the capital city Delhi. The market for Ghaziabad properties is flourishing on account of several factors  that are discussed below.

It was availability of cheap land that garnered attention of real estate builders and developers. Ghaziabad properties rates, though have appreciated over years, are still affordable if compared to Delhi NCR cities like Gurgaon and Noida. For buyers for whom affordability is the biggest factor in deciding upon a property, this city comes as a pleasant respite.

Another factor that goes in favor of property in Ghaziabad is their steadily improving connectivity to other Delhi NCR cities. With two most important road links, NH 24 and NH 58, in its kitty, the distances have shortened. Some very reputed builders like Amrapalli and Supertech have launched their prestigious residential and commercial projects across its localities. It is because of the improved connectivity that population density has gone all the way up in this city.
City's link to DMRC has further paved the way for commuters to travel to and from Delhi. The present link up to Vaishali made it possible the commutation at the very first place. And it also paved the way for constructions of residential and commercial property in Gurgaon. 

But all is not well. Ghaziabad Development Authority(GDA) has failed in solving the problems of water sewage and electricity supply. It was only recently that the residents raised their objection to the high water and electricity rates levied upon them in-spite of the poor supply of both.

Properties in Ahmedabad: On the Road to Development

While 2013 remained a 'down in dumps' year for Ahmedabad real estate, New Year is like a whiff of fresh year for its buyers. The city is witnessing a number of  infrastructural developments across different localities. One such development that is under consideration is the construction of  Mumbai-Ahmedabad high speed corridor. A route of 535 km and a journey of two hours shall be covered by means of  bullet trains, running at 320km/h. Such a project, when comes into picture, shall lessen the distances  between two states considerably.  But this is not the only major development that the city shall be seeing in near future. There are more in pipeline.

Another important development that is going to benefit the occupants of residential properties at Ahmedabad is establishment of basic civic amenities in newly developed towns. Such a step shall play a vital role in integrated town developments in the city. Lately, localities like Bopal, Narol, Sanand and Vejalpur have emerged as the colonies with high rate of residential development. Unlike previous times, the introduction of civic amenities shall be a great relief to the occupants.

Yet another development that is on cards is the establishment of 12 multilevel parking complexes. This step taken by Ahmedabad Municipal Corporation (AMC) is going to solve parking issues that arise due to lack of space. This multilevel parking is Ahmedabad properties shall include introduction of health and sports clubs under  flyovers, thus making good use of the available space.  The BRTS network shall be covered under Wi-Fi system, allowing people to remain connected all the time. AMC has also announced halving of the tax on rented properties. The authority has exempted different types of hospital taxes. This shall come as a big relief to tenants who had to spend on paying these taxes.

Major Developments that Chandigarh properties Have Been Witnessing in New Year

Chandigarh property at Makaan.com

Last year brought a dull phase in Indian property market. And in a city like Chandigarh, the sales were all-time low. The dollar became mightier against rupee, and Indian economy went down in dumps. Inflation, further ruined the spite of an average Indian buyer. The segment that gained from all this was that of NRIs. The increase in value of dollar was seen by them as a windfall and the number of inquiries increased in the city. Most of these inquiries are for locations like Mohali, Zirakpur, and other parts of Punjab. This indicates that Chandigarh real estate is gaining strength slowly and gradually.

Properties in Chandigarh are witnessing several NRI inquiries from different parts of the world like UK, Singapore, and US. And what they have been looking in properties to invest are top-notch amenities, comfortable spaces, and stylish decors. They either want to invest on these properties or want to put them on lease. Whichever be the case, the realty market in Chandigarh, or say, whole of Punjab has started staking an upswing.

Another major development that has added a feather to the cap of  Chandigarh property is the foraying of Lalit brand into the city; the business group has ventured into the market by opening a 5 star-hotel in Rajiv Gandhi IT park. This is expected to render city's real estate a real competitive edge over other cites. Till now, on an average, the occupancy rate in 5 star hotel has been only half, restricted to 50-60%. With Lalit hotel coming into picture, the completion has become more stiff for other hotels. The mismatched demand and supply ratio has already been an issue of big concern for these hotels.

A development that has deemed to have positive effect on realty market is the cutting rates of property tax by Punjab government. This step has been taken to rejuvenate the interest of buyers in purchase. By slashing the rate from 7.5% to only 3% is expected to bring back buyers to the market.

Surge in demand for property in Gurgaon

Realty market is believed to be a lucrative investment option and that’s why millions of people consider investing in properties that have potentiality. Gurgaon’s properties are attracting investors with the state government taking innovative steps to make the city a commercial hub and investment destination. According to reports, the property prices here have been relatively stable or surged in the past few years with investors eyeing to invest. If you are thinking of investing in a residential property in Gurgaon then you can take the assistance of realty websites.

Searching for lucrative properties in Gurgaon might be a tedious task for you especially if you are a new buyer. Understanding what you want is the initial step towards finding a property of your choice. There are real estate whose prices are likely to increase with the coming up of new infra projects. Realty websites let you browse properties both small and large commercial and residential plots at a relatively cheaper price.

Demand of real estate Gurgaon is increasing. Big developers are coming up with luxurious residential projects for home buyers who want to own their dream houses in Gurgaon.  If you have a thought in your mind to invest in Gurgaon properties then search a lucrative deal with realty portals. The realty websites let you browse a commercial and residential property with preference to location, developers, budget and space. All the information pertaining to residential and commercial real estate in all the major cities are made available just through clicks.

With the advanced infrastructure and setting up of MNC offices Gurgaon has come to spotlight as an investment destination. According to reports, residential units in Gurgaon were sold at attractive prices. Because of properties in Gurgaon has been performing well with the new launches of residential units and absorption the value of realty market is expected to boom.

Finding a Gurgaon property through realty websites has many benefits associated. Through the sites, you can find developers who help their customers in availing house loans and home insurance through easy and quick processes. By taking help of these sites, you can reduce the pain of collating information through typical means and also find sellers who are willing to offer discount on properties. For instance, Makaan.com, a leading realty website that aims to connect buyers and sellers, offer information on properties of all major cities and also help its customers to connect developers in an easy way.

Buying or selling a property in Gurgaon is a crucial decision and so by browsing realty websites you can remain well informed on realty market and make good decisions.