Pune Buildings Ignore Fire Safety Norms

It has been noticed by many residents that property in Pune are not adhering to fire safety norms. Many builder developing Pune properties do not take safety norms seriously. In the last few years several commercial properties as well as residential properties in Pune have been destroyed due to usage of poor quality materials. Several properties in Pune are using cheap electrical which are not shock proof as a result the city has seen a rise in number of accidents due to short circuit. 

Apathy and ignorance of using proper material for commercial and residential properties in Pune has led to rise in the number of fire accidents and mishaps. Most of the builders in Pune only interested in making quick profits, and for this the builders of Pune properties are willing to use substandard quality electrical thereby compromising the safety of home buyers. Many developers of property in Pune are using extremly poor quality electrical cables and quality fuses to make more profit. Absence of important electrical such as circuit breakers, electrical ducts, etc. have caused fire breakouts in various parts of the city.

Lack of proper space heavy overdraw of power are also some of the causes of fire outbreak in properties in Pune. Over the years the city has faced land scarcity which has led to increase in number of high rises in real estate of Pune. Most of the building are being developed by small builders who just want to make quick profit and therefore they pay no heed towards safety of customers. In fact it has been noticed by the that most of the buildings are not ready in case a fire accident happens in the Pune property. Most buildings don't even have basic fire fighting equipment's like hose pipe and fire extinguisher. It is high time that the concerned authority takes stringent action against developers who are ignoring fire safety norms.

Vertical Development May Be Needed To Tackle Land Scarcity In Delhi NCR

Delhi Property at Makaan.com

Real estate in Delhi NCR is the most popular destination for investment in India real estate but in the past few day the areas has seen unprecedented rise in property prices. Real estate Delhi NCR has always invited the interest of the elite. Earlier the capital city was known to afford affordable properties in Delhi NCR but now the scenario seems to have changed as the city now faces a land scarcity. Properties in Delhi NCR be it a flat or a bungalow or an independent floor is now virtually unaffordable. Earlier the DDA used to come up with affordable housing options in real estate in Delhi NCR but with each passing year the quality of construction offered by the housing authority is dropping. 

Many people attribute the rise real estate Delhi NCR to black money transaction and land scarcity but the truth is the city could not match up its scale to rapid urbanization. This has led to land scarcity due to more demand and less supply. Even after the development of satellite cities of Noida, Ghaziabad, Greater Noida, Gurgaon, Faridabad, etc the prices of properties in Delhi NCR are spiraling out of control. The clusters developed by the housing authority are not enough to fulfill the housing needs of the general public. Although infrastructure wise realestate Delhi NCR fares well but there is simply no land left in the capital city of India to invest in. Although many people argue that vertical development may be the way forward in the coming few years. It may be noted that in certain localities construction is not allowed beyond four floor as Delhi falls in highly sensitive seismic Zone. But currently it seems that vertical development may be the only way forward for handling land and housing woes in the New Delhi region.

Vaastu Shastra in Ghaziabad Properties

Ghaziabad Property at Makaan.com

According to our vedic tradition Ghaziabad properties that are build according to Vaastu Shastra bring in good energies as well as vibrancy. In Vaastu Shastra there are various things that one has to adhere to. Many people in Ghaziabad real estate build their houses in such as way that they adhere to the perfect Vaastu compliance. Some people who own plots build their properties in Ghaziabad in according specialized consultants advice.   

Many builders in Ghaziabad real estate do an elaborate Bhumi Pooja in order to drive the negative energies away. Ideally before starting construction Ghaziabad properties Bhumi Poojan should be performed as it will invite good energies and it will also ensure that an auspicious beginning of all proceedings.

Many builder prefer to keen the house entrance of properties in Ghaziabad towards the east as this direction is considered as the most best direction for the purpose. As sun rises in this east and with sunlight comes positivity and ample light. Many builders alternatively choose North East direction for a house entrance.

Builders in Ghaziabad real estate consider South-East corner as the bet location for placing a kitchen. Most Ghaziabad properties have bedroom located towards the South West corner. According to Vaastu Shastra a bedroom should not be near the main entrance and it should be located at the South West corner of the property. Having a rectangular or a square shaped bedroom is always recommended. It is advisable that mirrors should not be kept in a bedroom. Toilets Location should also be selected after careful considerations. Ideally toilets in properties in Ghaziabad should be located at the North-West corner of rooms. Toilets can also be in the South East direction of the house. It is also recommended that the toilets and the Pooja room as well as kitchen are not be next to one other.

Indiabulls Buys Chennai Property at 600 Crore

Chennai Property at Makaan.com

One of biggest transactions has been witnessed in the Commercial property Chennai market. Indiabulls Distribution Services an arm which is owned by the Indiabulls Securities, has recently bought a commercial property at Chennai. The complex of commercial property Chennai has been purchase for Rs 600 crore. Earlier this property at Chennai was owned by India Land and Properties which is owned by a hedge fund called the Americorp. 

It is believed that the property at Chennai has been purchase at Rs 2,500 per square feet. Experts believe that the property Chennai has been purchased at a decent price. The commercial complex hosts three towers which have a built area of 2.4 million Sq. ft as well as leasable area of around 2 million sq ft. As the property is a ready one Indiabulls considers it as a good deal. The complex measures 10 acres and around 50% of the complex properties in Chennai has been leased out to companies such as Royal Bank of Scotland, Britannia Industries Limited, Ajuba, Kone Elevator, Telebuy, Covenant, IBox among others. Indiabulls is currently planning to rent out out the remaining properties in Chennai. 

The company is planning to fund the property Chennai transaction through private equity funds as well as internal accruals. Indiabulls is also planning to rename the commercial complex as One Indiabulls Park, Chennai. However, the company states that the deal has no connection whatsoever with the Indiabulls Real Estate which is the real estate arm of the Indiabulls group.

Recently several prominent high value transaction have taken place in key southern markets of Chennai, Bangalore and Hyderabad. Recently in October 2014, Flipkart a leading online retailer had entered into one of the biggest commercial property deal in India in Bangalore. This move movement in the much stagnant Chennai realestate industry.

Political Turmoil Ends And Property Prices Rise

Now that that political turmoil over the bifurcation of  Andra Pradesh has ended and Telengana has been formed the real estate in Hyderabad, India is showing positive signs of revival. It is expected that in the next few months, the demand for real estate in Hyderabad, India to increase. It can be anticipated that the demand for Hyderabad properties – both residential as well as commercial will increase. Price appreciation of Hyderabad properties is also on the cards. All these positive trends in real estate in Hyderabad can be attributed to end of political confusion and full-scale infrastructural development happening in the city. Full scale construction on outskirts of the city are a proof of this fact. Places like Outer Ring Road and localities near International Airport are witnessing surge in residential projects. Top-class real estate developers are launching both affordable as well a luxury Hyderabad properties which will cater to home buyers from all the sections of the society.

The real estate in Hyderabad has also got boost by the announcement of Hyderabad-Warangal industrial corridor and development of 158-km long Outer Ring Road. This expressway connects Shamirpet to Pedda Amberpet and offers speed and fast disposal of traffic. The development of Hyderabad Metro is another development that is accelerating the real estate prices of the city.

In West Hyderabad, the hot localities are Manikonda, Gachibowli, Gandipet, Kokapet and Tellapur. These realestate in Hyderabad properties are being developed for the middle-segment buyers. Hyderabad properties, have for a very long time seen a stagnant phase but now things are impoving. The Chief Minister of Hyderabad has also announced several new infrastructural facilities to boost the realty sector of the city. Several projects in Madinaguda, Miyapur, Madhapur, Hi-tech City are already witnessing an increase in demand of Hyderabad property and apprecaition of realty prices.

The Emerging Hotshots of Pune Realty

Pune Property at Makaan.com

For many people in North India, Hinjewadi and Pune are just synonyms; the reason being that every year, a high number of young professionals flock to this locality in search of white-collared jobs. As the locality has in incredibly high number if IT companies, it seems to be the only real estate destination to migrants. But this is far from true. Over years, Pune real estate has seen flourishing of several high-growth nodes such as Kharadi, Baner, Wagholi, and several others. The blog lists top 5 localities that can be best bets for seekers of properties in Pune.

1. Baner: One of the prime suburbs of Pune, Baner boasts of a well-developed IT sector. IT is a major residential hub and offers connectivity to Mumbai Pune Expressway. The average price per square feet (psf) rate for residential apartments in Baner varies in 6000-7000/-. The locality witnessed an appreciation of about 3.5 % if compared to the last quarter of 2013.

2. Wakad:  Another important destination for seekers of Pune properties is Wakad. Being close to Hinjewadi, a suburb laced with Info Tech Park, Wakad has seen considerable growth in last one decade. The locality underwent a marginal 0.9% of price appreciation in first quarter of 2014.

3. Viman Nagar: An important IT destination, Viman Nagar is known for its rapidly growing price rates of residential properties. In next 5-6 years, the price rates are expected to see a whopping increase of about 40%.

4. Kharadi: Better known for presence of EON Free Zone, Kharadi is another prime residential locality in Pune. It strategic proximity to Koregaon Park and Kalyani Nagar has awarded it with residential and commercial importance. During Jan-Mar, 2014, property prices increased by 2.5% over previous quarter.