What Factors Should One Look At Before Investing In Pune

In the last two- three decades more and more people are interested to buy a property in Pune. But often people find themselves feeling jittery before purchasing a property at Pune. Fraudulent practices and mistrust in real estate in Pune has made the matter worse for people looking to buy plots / land, villa, independent house and flats in Pune. 

Before buying a flats in Pune one should do a quick background check of the builder. Research and find the right developer and real estate company. This will help you to get a great sense of security that your money is safe. Also ensure that developer of property at Pune has acquired all the necessary approvals. Don't forget to check the timelines, also make sure that they are covered well in you property in Pune sale agreement. It is advisable to research about all the extra charges such as parking charges, club membership fees and also government taxes as well as charges, as these charges might give you a headache. If you are taking a home loan to buy a property in real estate in Pune thing can become simpler as the bank will do most of the due diligence for its customers.

Before to buy house and plot in real estate in Pune make sure that you have hired a well-knowledgeable lawyer who is well versed about land as well as revenue matters. Carefully check for the title of property at Pune that is coming by way of registered documents of property in Pune. Also check that the PR card has the name of the previous owner of property at Pune. Since land investments require a huge investments one should keep the property well protected. It is advisable that you build a fence around your property at Pune to protect it against encroachment.

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.

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.

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.

Demand For Luxury Flats In Kolkata Increases

Kolkata Property at Makaan.com

The real estate in Kolkata is witnessing a huge change in the house buying trend. The cultural capital was once looked as a place where one could purchase affordable properties. But now more and more people are looking to buy luxury flats in Kolkata over affordable Kolkata flats. The capital city of West Bengal houses numerous industries and it acts as a corporate and educational hub in the eastern region and so the demand for budget to mid-segment property at Kolkata has always been increasing. But now working people are showing keen interest in luxury Kolkata flats.

This change in the real estate in Kolkata can be attributed to increase in disposable income of a working couple. The buying power of people has increased as the pay scales have gone up in the past few years. Today people of Kolkata want to experience and enjoy luxury lifestyle. They are willing to show off their wealth and even developers are keen to capitalize this changing trend real estate and so they have started to launch luxury projects that are offering luxury flats in Kolkata.  

This change in Kolkata real estate is being welcome by industry players and real estate developers as they feel a new market segment has evolved in the real estate industry. But if one is planning to book quick profits in premium India properties a person will have to wait as he will have to hold a property for at least five to six years till they can earn a decent return of investment. Also investing in premium real estate in Kolkata also requires more funds. Since premium property in India are unsuitable for investment purpose as not many people show an interest to invest in the luxury sector and there is a sufficient supply of such properties in the Kolkata real estate market.

Supertech Raises 275 Crore

Noida Property at Makaan.com

A realty major Supertech has managed to raise 275 crore from popular Indiabulls Housing Finance for the construction of the company’s ongoing projects for property Noida Extension, Greater Noida properties. The real estate company is currently developing around 12 ongoing projects, most are residential property in Noida Extension, Noida and Greater Noida. The 275 crore have been raised as debt and the company can raise the amount if they require more money to construct Greater Noida properties.

The realty major was facing liquidity crunch owning to slowdown in the real estate sector. Supertech has raised the money so that the slow down does not affect construction of Greater Noida property. The real estate company has developed several Greater Noida property, Noida properties, Ghaziabad properties and property in Noida Extension. Now the company plans to expand to other markets as well. Supertech has recently entered the Gurgaon real estate market. The company has bought Rs140 acre land at Sohna in Gurgaon. According to experts the land was bought from Parsvnath, another popular realty group, for Rs 665 crore. The company has also launched a housing project in Bangalore, this project will focus on luxury properties.

Earlier in the year, Supertech had raised around Rs 400 crore from a private equity firm Xander so that it would be able to finance the its upcoming property and housing projects in Gurgaon and integrated township project in Gurgaon. Currently it is estimated that the real estate company has projects amounting to more than Rs 18,000 crores in its platter. The developer has over 90 million sqft land under construction.

Earlier the Noida-based realty company based a major blow after high court had ordered the demolision of it two 40-storyed structure for flouting land rules. The high court had asked the builder to refund money of the people who had bough flats in the two towers.

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.