State Government Changes Land Laws To Attract Investors

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In a decision that is expected to have far-reaching consequences on property Bangalore and industrial development, the State government has offered to simplify the age old land reforms laws. The State government has tabled The Karnataka Land Reforms as well as the Certain Other Law (Amendment) Bill, 2014. These bills will pave the path of reducing procedural delays in the government. 

In the present scenario, a non-agriculturist who has an annual income of over Rs 2 lakh is not allowed to buy agriculture land Bangalore property. But, single-window committee or the state high-level clearance committee (SHLCC), under its vested powers can allot agricultrual real estate in Bangalore for industrial development. The Agricultural property Bangalore can also be alloted for development of places of worship, educational institutions, residential Bangalore properties and many other purposes according to the section 109 under the Land Reforms Act.

After allotment of agricultural properties Bangalore the allotee , under section 109 has to meet and request the district deputy commissioner (DC) to apply for land conversion of properties Bangalore according to the section 95 of Karnataka Land Revenue Act,1964. After introduction of this new legislature, the tedious process of requesting for the DCs permission to allow the conversion of Bangalore properties will be removed.

The new legislative will also allow the State government to take back agricultural land from all those who have not utilized agricultural land for the purpose for which it was given. This means several owners of educational institutions, industrialists, developers of residential properties, people who own places of worship, would have to surrender their allocated lands if the State government if they the land sanctioned to them has not been utilized for the specified purpose within the 10 year period. The land surrendered back to the government will be put under the properties/ Land bank of the State government.


Makaan.com is a reputed property portal that lists 1 BHK, 2 BHK and 3 BHK properties in Bangalore across variable price brackets. Cheap, budget, and luxury Bangalore real estates are available for buying, selling, and hiring on rent.

Prominent Chandigarh Locations that Offer 2 BHK Property Below 20 Lakh

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Chandigarh city comes as an affordable option to the buyers who do not want to settle down for expensive counterparts like Delhi , Mumbai, and Gurgaon. Build with meticulous planning, this city comes as a haven for those buyers that have been pissed up with overwhelming traffic congestions and exorbitamt rates of other cities. The blog lists some of the areas in Chandigarh that offer two apartments below 20 lakh.

1. Ambala Highway: Seekers of property in Chandigarh can see Ambala Highway over NH-21 and 22 as a budget area to buy a two-room flat. The Highway, stretched over 35 km, carries the traffic load commuting among Delhi, Punjab, Haryana, and Himachal. The four lanes have helped in allieviating traffc loads, and boosted trade-related activities in the nearby localities.

2. Mohali: The 'next Gurgaon', Mohali is one of the localities that have been ear-marked as high-growth localities in and around Chandigarh. It is  a major commercial and residential hub, and has become a center for corporate investments. Seekers of 2 BHK apartments can their hopes over Mohali as far as afford ability factor is concerned.

3. Kharar: Comprising of finely developed localities like Model Town and Sunny Enclave, Kharar stands as a budget option for seekers of property Chandgarh. Located at a convenient distance of about 10-15 km from Chandigarh city, the average per sq. ft. rate prevalent over Kharar in first quarter if 2014 stood at about Rs. 2800/-.

4. Dera Bassi: Another locality that speaks of budget rates is Dera Bassi. A part of Mohali district, this area is located at about 20 km from Chandigarh and has seen a number of housing projects in past.

To know more about price rates in Chandigarh, look through India property portal and know more about the trends prevalent over a given quarter of the year.

The Rates of 4 BHK Residential Kolkata Properties

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Following the footsteps of other metros, Kolkata too has witnessed burgeoning of its real estate in Kolkata in past decade. But unlike Delhi, Gurgaon, and Mumbai, the rates of residential properties have not skyrocketed here. Buying a living space is still affordable. Though there are some localities where the prices seem to have gone through roof, but most parts of the city carry far lower rates than in other cities. We are going to have a glimpse of a 4 BHK property in different parts of the city.

A four-room flat in Central Kolkata generally comes in crore and above range. If you intend to buy such a house in Tangra, EM Bypass, Moulali, and Entally, the 4 BHK Kolkata properties come in a 1.5-2 crore range. At Topsia and Ballygunj, the rates are higher. For instance, such a flat would cost higher. Over Topsia, it can cost you around 2.8 crore, while at Ballygunj, the prices can be too high: as far as 6 crore!!.

North Kolkata is a relatively cheaper area. The four-room apartments here are available at prices as low as 25 lacs. Properties in Kolkata at Baguiati, Kaikali, Dunlop, Bangur,  and BT Road are available for purchasing in 25-60 lacs. Indeed a low value if compared to 4 BHKS at Salt Lake, Phool Bagan, Jessore Road, Rajrahat, Beliaghata, Lake Town, and Khanna, where you are required to pay price not less than a crore. Kankurgachi and Ulta Ganja are the prime localities of North Kolkata, and accordingly, they carry hefty rates.

Now, draw your attention towards South Kolkata. Most of its localities offer four-room house in crore bracket. A few popular names are Bhawanipur, Ballygunj, Tollygunge, Jodh Park, Alipore, Gariahat, and Hazra. Over Santoshpur and Garia, the purchasers can find far more affordable rates. Towards West, one can look for Diamond Harbor Road and Rajarhat New Town localities.


Makaan.com is a property portal that featureless commercial and residential properties in Kolkata, to buy, sell, and rent.

2 BHK Residential Properties in Pune that Cost above 50 lacs

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Finding a 2 BHK apartment in the IT-driven city Pune is not a rocket science. Though there are a number of options available to the buyers, we are, here, considering 2 BHK residential houses that come at a price above 50 lacs. Such a range is mostly preferred by upper-middle class, who have small members to accommodate and have enough finances to spend on purchasing. The localities where a two-room apartment is available above 50 lacs are too many and generally cost up to a crore or even more.

2 BHK residential properties in Pune in the range 50-75 lacs are available; at localities like Vishrantwadi, Kondwa, Tingre Nagar, Chinchwad, Bhugaon, NIBM Complex, Rahatani, and Pimpri.
The slightly more upper-values for two-room flats can be expected in localities like Warje, Katraj, Market Yard, Ravet, Kharadu Bypass, and Bimbwevadi. In areas like Undri, Pimple Nikah, Dhanori, Wadgaon Sheri and Baner Road, such apartments can cost a buyer up to 90 lacs.

There are plenteous of localities in Pune residential property that carry two rooms and come at hefty rates. For example, the high in demand micro markets such as Baner, Viman Nagar , Kothrud, Singhad Road, Hadapsar, Magarpattta, and Aundh . Mot of these have good potential for employment generation and have flourished well over  years. The highest tags in most of these can go up to crores and even above. Examples are Karve Nagar, Singhad Road, Wagholi. At Kharadi, the highest price for a two-room flat can up to 3 crores!. At Koregaon Park and Kalyani Nagar, the two room apartment can go even up to 6 crores!!. And yes, there are takers too for the same. The per square feet rate (psf) in the above localities varies anywhere between 5000/- and 20000/-.

Makaan.com, the leading property portal, lets you search residential properties in Pune and other Indian cities. Search 1,2 . 3 BHK rooms in different price brackets. Look for price trends for Pune residential property and keep yourself informed of the changing scenario, month after month.

Flats in Mumbai: Skyrocketing Prices and Dearth in Demand

Buying flats in Mumbai, these days, has remained the sole privilege for the very affluent class, especially in the areas like Andheri and Goregaon. Even an unfurnished, 650 ft., 1 BHK flat in these areas and the like ones, can cost you anywhere between 60 lacs and 1 crore!! So, even after spending this stupendous sum on a 1 BHK, and that too unfurnished, what are you getting? The property bubble in Mumbai has swelled too much that it can burst any time now. Even in areas alike Thane and Navi Mumbai that were supposed to offer the affordable housing to middle and lower-middle segments, 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 too much, so much so, that the Mumbai flats 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 rates, the demand for flats in Mumbai 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.

Makaan.com is a property portal that lets you buy, sell, or rent flats in Mumbai and other major cities of India. Search from a plethora of properties as listed by developers, builders and property owners.