Real Estate Growth on The Noida Expressway

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newly constructed 3 BHK apartment ready to move in Noida Expressway, newly constructed 3 BHK flat ready to move in Noida Expressway, newly constructed 3 BHK property ready to move in Noida Expressway

If you have been looking at options relating to a newly constructed 3 BHK flat ready to move in Noida Expressway, you’re definitely on the right track as far as choosing your desired property buying location is concerned. The Noida Expressway has been an epicenter of real estate growth and development and has now thrown up innumerable housing options for prospective buyers. The Expressway has always possessed ample potential to turn into a residential and commercial hub alike but developers have been slow to realise the overall scope of the market that the Expressway can conjure up for them.

You will find innumerable options available for a newly constructed 3 BHK flat ready to move in Noida Expressway as several new projects have been launched in this area and several more are being readied for their final launches. Demand is increasing rapidly on this stretch of prime residential and commercial land which links directly to the Yamuna Expressway. Both Delhi and Noida can be rapidly accessed through one flank of the Expressway while the other flank offers seamless connectivity to Greater Noida. Several integrated townships and gated community housing projects are being developed on this entire stretch and this is drawing both investors and end users in droves to the region. The mid range and luxury segments are quite popular in this market and are witnessing high transaction volumes of late.

There are several investors looking at newly constructed flat ready to move in Noida Expressway and other similar options. The Leading realty players in such areas include Amrapali, Unitech, Supertech, JP, Prateek, Paramount, Gulshan and Ajnara among others. Property prices are set to appreciate by almost 30% or more in this stretch and this should certainly spark fabulous realty growth in the region. There are several infrastructural projects in the pipeline for this stretch as well and this should boost overall returns even further.

The improvements in connectivity including the linkage of the metro railway network with Greater Noida and Yamuna Expressway will also boost returns and connectivity in equal measure! All residential sectors present along the Expressway will soon be/are already well linked to several parts of the National Capital Region and Delhi. Buying a newly constructed 3 BHK flat ready to move in Noida Expressway is a very good idea if you think of the future growth potential of the area which is largely untapped in spite of rapid development. More and more offices, townships, housing projects and infrastructural facilities are set to abound in the area as well.

Additionally, more than 70% of the total area lying along the Expressway will be reserved exclusively for green spaces and vegetation, thereby lending aesthetic appeal, environment friendliness and flair to the entire stretch.

Examining Vasant Kunj As A Residential Destination

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If you wish to buy 4 BHK flat in Vasant Kunj Delhi, it might actually be a very good decision indeed. This is mainly because of the advantages offered by this posh locality to its residents. Vasant Kunj is one of the most well known suburban localities of Delhi and is home to several businessmen, intellectuals and Army officers. Dr. Manmohan Singh, the ex Prime Minister, resides in this locality. Vasant Kunj is also known for its exorbitant farm land rates in comparison to other areas in Delhi. The entire area is dotted with premium localities for farm land including Pushpanjali Farms, Ram Mandir Road, Mall Road, Park Lane and Westend Greens.

You will want to buy 4 BHK flat in Vasant Kunj Delhi for its iconic Masoodpur market which is a major commercial hub and for its linkage with the Nelson Mandela Marg, one of Delhi’s most iconic thoroughfares. This area is home to four premium shopping malls, out of which the DLF Emporio (Asia’s most expensive shopping mall), Ambience Mall and DLF Promenade together garner North India’s highest ever footfalls. Vasant Kunj is also home to a soothing and beautiful biodiversity park which is tailored for preserving fauna and flora. The automotive market is located along the Aruna Asif Ali Marg which is another premium commercial hotspot. This market is home to several showrooms owned by Ford and Chevrolet among other automobile brands in addition to multiple service stations and second hand dealerships.

Vasant Kunj has also witnessed huge growth owing to its strong corporate presence. Several companies including Bharti Airtel Limited, Track Opinion and Maruti Limited are present here while ONGC is also building its own research centre here. The University Grants Commission, All India Council of Technical Education and other prestigious establishments will soon be operational in the area and this is expected to boost demand as well. The locality is also home to several healthcare establishments including the Indian Spinal Injuries Center, The Late Ranjan Dhall Memorial Fortis Hospital, Sukhmani Hospital and the Institute of Liver and Biliary Sciences.

Another reason for wanting to buy 4 BHK flat in Vasant Kunj Delhi lies in its reputation as a major educational hub of Delhi in addition to being one of its foremost commercial and retail hotspots. The area is home to several prestigious educational institutions including DPS Vasant Kunj, Bloom Public School, G D Goenka Public School, Vasant Valley School, Ryan International School, Kendriya Vidyalaya, DAV Public School, The Heritage School, Kangaroo Kids, TERI University, Japanese School New Delhi, Foreign Tutors Bureau, Aditya Institute of Technology, Shri Sharada Institute of Indian Management and the Jagannath International Management School or JIMS. The Jawaharlal Nehru University is also well connected to the locality while Bloomsbury India also has its headquarters in the neighborhood.

Metro Connectivity To Boom Real Estate in Garia

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Garia is a well-known posh residential neighbourhood in south Kolkata. It is well connected to all the other regions of the city, including the outskirts with the help of various modes of transportation like a wide network of buses and railways. Additionally, the Eastern Metropolitan Bypass passes from the centre of Garia that makes commuting to other regions easier. Being centrally located, well developed and connected and easy accessing all social and civic amenities, Garia is one of the favourite locations of the home seekers, home buyers as well as investors.

However, one major infrastructure development that the region is experiencing is the extension of the metro from New Garia (Kavi Subhash) to the Subhash Chandra Bose International Airport. This extension will improve the connectivity between South Kolkata to North and Central Kolkata. Like in other cities metro is highly responsible for the real estate growth, similarly in this case also the completion of the metro will affect the real estate business in Garia. As due to this development, the residential flats in south Kolkata’s this locality are expected to increase.

Although, the area is already developed with infrastructure along with basic amenities in place and comprise of several housing complexes and independent houses. With this new mode of connectivity, there will be a rise in housing demand, perhaps for new projects in south Kolkata. Developers are also concentrating on fulfilling this upcoming demand of houses with new projects in south Kolkata. Along with Garia, the regions around it or the areas that will be served by metro will also experience an increase in housing demand.

But interestingly, the price trend in all parts of the city has been the same, therefore most of the owners look for residential flats in south Kolkata and also in the suburban regions majorly for the investment purpose. So the housing demand mainly comes from the second time home buyers, the Non-resident Bengali’s who looks for properties for investment purpose or from the young professionals who works with the corporate majors and wants to lead a comfortable life free from rents.

According to the real estate experts with the completion of the metro the investment opportunity in Garia region is most likely to get increased. So if you are planning to buy a property in Kolkata for the investment purpose then you should consider Garia as a profitable option as home seekers prefer Garia due to good connectivity and affordability factor.

Struggle Continues For The Realty Sector in India as Buyers Act More Cautiously

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Despite the lucrative offers and property sale, real estate investment in India is still in a stagnant position with no signs of moving in an upward direction. This is really a serious situation to worry, as builders who are frantically looking to clear out the existing inventory by luring buyers with exclusive payment plans like subvention schemes or offers like gold coin or gold voucher, ipad or even a car. But buyers are still not showing positive signs or interest in buying or invest in the real estate market.

This is because the buyers are playing the cautious game. Home buyers are expecting more price cuts, concessions, more financial flexibility and thus are willing to wait. As the buyers usually think that if the interest rated gets reduced, the loan becomes more feasible and the price of houses also decreases. With RBI reducing the repo rate thrice in six months, it is the benefits attached to the rate cuts that is stopping the buyers to immediately make the buying decision.

Apart from this factor, there is another aspect as well, due to which buyers are sceptical towards investing in the real estate sector in India. The under construction properties are the one which comes in the affordable range, but there is no certain time of the project completion and delivered to the buyers. It might take 24 to 48 months or even more. And it gets very tough for a buyer to pay the EMI of loan and rent at the same time. Almost every day there are news about the complaints against the builders due to delay in project completion and agitation against them, which make buyers more wary about the buying a property. However, on the other hand, the ready-to-move-in properties have a high price tag and are unaffordable.

The present condition of the real estate sector in India clearly shows a huge number of inventories left across the major markets. NCR tops the list with 321.68 million sq ft that is the highest number of inventories. It is followed by Mumbai Metropolitan Region that comprise of 192.27 million sq ft. These inventories will take about 3 to 6 years to get cleared out. Among all Bangalore has performed the best, but it also has 152.43 million sq ft of inventories left. These numbers scare the buyers as well as the developers, which hold them back to take the buying decision and thus resulting in the decrease in sale and demand of properties. And this decrease will further push the developers under more debt who are already under crisis for the past few years.

Therefore, the real estate players in the country along with the government should think about taking up some major step to improve the current status of the property sector while pushing up the buyers sentiments.

Where to Look For Affordable Flats in Pune

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1 bhk flats in Pune, Hadapsar Real Estate, Undri Properties

Know where to find affordable flats in Pune that are strategically located and offer good scope for capital and rental values to appreciate.

Photo Courtesy: modiproperties.com

The realty market in Pune was recently ranked at number two in the country, right behind Bangalore. The city offers a slew of properties, although thirty percent of the share is grabbed by affordable ones, priced between Rs 40 and 60 lakhs. There are several neighbourhoods in Pune where one can seek such projects. Some of them are:

1. Undri
2. Hadapsar
3. Ravet

Undri

The neighbourhood is close to Pune’s manufacturing and IT sectors and hence caters to the spill over demand for affordable flats in Pune. Offices located in Phursungi, NIBM Wanowrie, Hadapsar and MG Road is located close to the area. The Pune Railway Station and Airport are 10 and 16 kilometres from here respectively.

The capital values for in Undri vary between Rs 4450 and 5500 per sq. ft. Smaller configurations like 1BHK flats in Pune at Undri are available between Rs 20 and 50 lakhs while 2BHK flats cost from Rs 28 lakhs to 1.3 crores. The sizes of the flats are 500 to 800 sq. ft. and 700 to 2500 sq. ft. respectively.

Hadapsar

Photo Courtesy: favista.com

Known to be the home of two SEZs in Pune- Phursungi IT Park and Magarpatta City, Hadapsar serves as a residential area to thousands of professionals employed here. A variety of affordable apartments in Pune are offered here. The capital values of the area range between Rs 5050 and 6800 sq. ft. There for 1BHK flats in Hadapsar, you would have to spend Rs 10 to 60 lakhs. These flats are sized from 400 to 1000 sq. ft. The 2BHK apartments in the area cost between Rs 25 lakhs and 1.35 crores. The area of these flats varies between 800 and 1100 sq. ft.

Hadapsar is positioned close to the Pune Railway Station and Airport and Solapur Pune Highway. The area is served by PMPML and state transport buses. Numerous flyovers have come up in Hadapsar to decongest the traffic.

Ravet

A part of the PCMC and located towards the northwest of Pune, Ravet is referred to as Gateway to Pune as it is the first neighbourhood along the Pune Mumbai Expressway when going from Pune to Mumbai. The area is located close to Baner, Wakad, Balewadi and Hinjewadi, which are known IT hubs of the city.

The main advantage of Ravet is its location- the confluence of Katraj-Dehu Road Bypass, old NH4 and Pune Mumbai Expressway. The Bus Rapid Transport Road makes it easy to access Talegaon, Chakan, Chinchwad and Pimpri from here. Reputed colleges such as PCMC Engineering College and DY Patil are positioned here.

The average values of capital in Ravet range between Rs 5040 and 6020, which means to buy property in Pune Ravet of 1BHK, one would have to spend Rs 25 to 48 lakhs. For a 2BHK apartment, the amount is hiked to Rs 35 lakhs to 1.2 crores. The flats are sizes from 600 to 800 sq. ft. for the 1BHK ones while the 2BHK flats measure 900 to 1700 sq. ft.

Given the way price of property in Pune is increasing, the amount needed to make an investment here would increase manifold. Hence it would be a good idea to invest here soon.

Top 3 Areas in Pune Catering to Luxury Properties

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Baner, Kalyani Nagar, Koregaon Park, luxury properties pune, pune catering services, Pune Real Estate

Know where you should invest in Pune for a luxury apartment close to all social amenities.

The luxury housing property segment is gaining much traction in Pune, evident from the enquiries pouring in about the properties and their subsequent sales. City developers are quite upbeat about the response received for premium apartments in Pune and have launched numerous projects with the notion that luxury does not experience slowdowns. In terms of conveniences and amenities offered, luxury properties are a completely new dimension.

The top three areas in Pune that are experiencing a slew of constructions of luxury projects are:

Koregaon Park
Kalyani Nagar
Baner

Koregaon Park

Undoubtedly, Koregaon Park is considered among the upscale and expensive residential localities of the city. Prior to the establishment of the Osho commune as well, the area was the first choice for construction of bungalows. The Osho Commune has certainly transformed the way Koregaon Park looked. Its identity is very different from any other part of the city. The area is one of the first choices for those looking for luxury apartments in Pune. It is also the first choice for any commercial or retail establishment. Its closeness to Kalyani Nagar which is an IT dominated area has contributed much to keep the area in demand among home buyers.

Kalyani Nagar

The area has emerged as a premium luxury residential realty destination in east Pune. It is strategically located between Viman Nagar and Koregaon Park and is near the Pune Railway Station and Airport. Both Hadapsar and Kharadi are well connected to the area which is why it is an ideal locality for commercial and business establishments to flourish. The Mumbai Pune Expressway has been an important contributing factor. It has several plush hotels and a golf course. Numerous reputed social establishments are based here. Among the three localities mentioned, Kalyani Nagar has had the rapidest growth trajectory.

Baner

Baner emerged as the location for luxury apartments in Pune when the prices of properties in central Pune started escalating. Investors and potential buyers who have been on the lookout for affordable options which were well connected to different parts of the city have found the ideal ones in Baner. The construction of the Rajiv Gandhi IT Park in Hinjewadi benefited Baner immensely as it was able to cater to the demand from buyers who were looking for properties close to the IT Park and those who wanted to stay close to central Pune.

Initially, the neighbourhood was meant for the middle income buyers. However, the profiling of the area began to change and it became a zone for premium apartments in Pune. Several major developers have begun catering to the demand for premium properties here through projects with plush designs and amenities.

Top 4 Areas Where IT Professionals in Pune Can Live

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2BHK apartments in Pune, New Projects in Pune, Pune Real Estate

This article talks of the various areas in Pune where IT professionals can live to walk to work.

Out of all the areas, East Pune has witnessed a steep increase in property demand and rates. Most of this increase can be attributed to the IT sector concentrated here. The job opportunities are ample which has spurred the demand for residential properties. Compared to other east Pune neighbourhoods, Kalyani Nagar, Viman Nagar, Kharadi and Hadapsar seem to be doing better.

1. Kalyani Nagar

Real estate in Kalyani Nagar shot up after companies developed their bases here. Home buyers prefer the area for its strategic location between Viman Nagar and Koregaon Park and the Mumbai Pune Expressway. Among Pune localities, Kalyani Nagar has been developed the quickest. The Aga Khan Bridge was constructed to ease communication between Koregaon Park and Kalyani Nagar. The area is home to several expats and senior level management executives.

Pune real estate in Kalyani Nagar has a capital value of Rs 8500 per sq. ft. The prices of 2BHK apartments can increase up to Rs 10 crores even!

2. Viman Nagar

Those buyers looking for investment options in cosmopolitan areas should consider Viman Nagar. It serves the needs of both non locals and locals and developers are coming up with new property in Pune in this area. The expanding IT sector of the area has seen the arrival of a large migrant population. Those wanting to live close to the Pune Airport also choose this area as it is only half a kilometre away. The average property price in Viman Nagar is around Rs 7000 per sq. ft. For a 2BHK apartment, you would have to pay anything from Rs 25 lakhs to Rs 3.5 crores.

All these neighbourhoods are preferred by the IT crowd, whose size is growing exponentially almost every year.

3. Kharadi

Easy access to several neighbourhoods of Pune has boosted development of the area. There are several pharmacy, manufacturing and automobiles companies that have been proposed for the area in the SEZ that is under construction. The Bangalore-Mumbai Infrastructure Corridor passes through the area which is a further boost to it. Commercial properties, educational institutions and healthcare facilities have been constructed n the area which has furthered the possibilities of development.

Currently, Pune property prices in Kharadi hover around Rs 6000 per sq. ft. and units are available from Rs 25 lakhs to 5 crores in the area.

4. Hadaspar

Being in close proximity to the Magarpatta IT hub, the walk to work culture is most prominent in Hadapsar. It is around 5 kilometres from Magarpatta City and auto rickshaws can be availed for commuting to the area. The social infrastructure of the area has also improved over the years. Hadapsar has round the clock availability of water and electricity and is less expensive than areas such as Magarpatta, Camp and Fatimanagar. It enjoys good connectivity through the NH9. Those looking for affordable properties in East Pune choose Hadapsar.

Property rates in Pune Hadapsar are around Rs 5200 per sq. ft. Therefore, 2 BHK apartments can be availed for anything between Rs 20 lakhs and 4.5 crores.

Top 5 Cities For Real Estate India Investment

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Traditional cities such as Delhi and Mumbai have stopped attracting investor’s interest in the real estate sector. New age cities, founded on the IT sector have emerged where investors are placing their money for better returns. These cities are more affordable compared to the former two in terms of per sq. foot rates and their social, civic and physical infrastructures are improving day by day.

Here are the top 5 cities where you can make investments in real estate for good returns.

• Bangalore
• Pune
• Chennai
• Hyderabad
• Ahmedabad

1. Bangalore

The Garden City is known as the pioneer of the IT revolution in the country. The city’s boundaries are ever expanding as more neighbourhoods are being brought into its municipality. Employment opportunities too are increasing here as more companies and start-ups are establishing themselves here. Most real estate websites list properties in the city to be gated communities with amenities such as swimming pool and gymnasium built in. Not only is it a novelty for Indian buyers but NRIs also prefers them as they are used to such amenities.

The areas to consider in Bangalore for investment are Electronics City, Marathahalli, HSR Layout and Rajaji Nagar as they have well-developed social infrastructure, IT clusters in the vicinity and easy communication with other parts of the city. Compared to established areas such as Indiranagar and Frazer Town, the rates are more reasonable here.

2. Pune

Photo Courtesy: b4properties.com

Another vertex of the Silicon Triangle of India, Pune is the second biggest city in Maharashtra after Mumbai. The city is not only a hub of IT developments but also automobiles as companies such as Mercedes, Audi and Volkswagen have their plants in the satellite area of Chakan. Retail, hotels and hospitality industry in the city is growing at a rapid pace too.

Real estate websites suggest you to consider areas that are along the Mumbai Pune Expressway such as Wakad, Kothrud, Baner and Bavdhan as they have good returns on investment. Moreover, they are rapidly being developed into IT hubs of the city as well.

3. Chennai

One of India’s fastest growing cities, Chennai has a flourishing automobiles and IT industry, apart from traditional manufacturing units. The stretch along the OMR is particularly developed as it houses the Rajiv Gandhi IT Park. Another area which is developing rapidly is the East Coast Road or ECR. Compared to cities like Bangalore, Mumbai and Delhi, property in Chennai is quite affordable still as quality apartments of 2BHK configuration are available within Rs 40 lakhs or so. Some of the areas to consider include Pallavaram, Sholinganallur, Chrompet, Porur and Medavakkam.

4. Hyderabad

The city was far below among the top property markets even last year. However, after the resolution of political instability in the city, Hyderabad has bounced back on the real estate map again. The city’s social and physical infrastructure has always been good and after the creation of the Shamshabad International Airport, air routes from the city have opened up. Specialists advise you to invest in areas such as Gachibowli, Madhapur, Hitech City and Kukatpally as they are rapidly developing into IT hubs. The areas are served by the MMTS as well which makes commutes to different parts of the city easier.

5. Ahmedabad

The only western city to be included in the top 5, Ahmedabad is rapidly developing thanks to the infrastructure initiatives taken for the city. It is the fifth largest city of Ahmedabad in terms of population. The city is along the NH8 which betters its connectivity to both Delhi and Mumbai. Most of the areas of the city are 10 to 15 kilometres from the Sardar Vallabhbhai Patel International Airport and Ahmedabad Railway Station. Areas to be considered for investment include Maninagar, Motera and Bopera.

The Residential Market in India is Expected to See a 20% Hike By 2017

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The article talks about the current property prices in Delhi/NCR and the latest report of CREDAI  wherein the residential market is expected to witness a hike of 20% by 2016-17.

As per the recent reports of CREDAI, an industry body Confederation of the Real Estate Developers’ Associations of India, it has been observed that the real estate prices may witness a 20% year-on-year increase by the financial year 2016-17. As the input land and input costs for the developers are increasing day by day, the implementation of the goods and service tax (GST) is going to increase the cost further.

GST is most likely to be applied from April 2016. However, the housing sales across the nation is expected to see a notable recovery by the financial year 2016-17, reducing home loan rates and undertaking other real estate developments.

RBI (The Reserve Bank of India) has by far made three price cuts of 25 since January 2015, aiming to benefit the end home buyer. Further, several other banks, including SBI (the State Bank of India) have also slashed the lending rates by up to 0.3%.

The latest developments have impacted on the property prices of metropolitans and suburbs at the same time and will further influence the home prices in India . The current price trends of some of the locations are as follows:

Delhi

The Central Business District of the area which is known as Rajiv Chowk, is one of the oldest commercial, financial and business hubs of Delhi and is home to several noted Indian companies. The highest commercial rates are commanded in the locality and this is one aspect that you should keep in mind if you are looking for income generation through rentals.

Apart from these high demand residential markets, several new locations now command their own when it comes to being preferred residential destinations for home buyers. For example, Dwarka Expressway and Southern Periphery, both of which are home to several big ticket realty projects being built by leading developers. The latter area now has properties priced between INR 6, 000 and 7, 000 per sq ft in comparison to INR 4, 500 to 5, 500 per sq ft earlier.

Gurgaon

Gurgaon has been divided into several sectors and segments, thereby ensuring lower traffic congestion and minimising other urban problems. The city is maintained by the Haryana Urban Development Authority and offers great connectivity to several important cities and destinations through the MG Road, National Highway 8 and the Dwarka Expressway.

According to market experts, average apartment sizes are usually restricted to around 1800 sq ft in stark comparison to the 2000-2200 sq ft properties that were offered earlier by developers.
Developers have not really reduced rates in Gurgaon and have instead overhauled their entire product line.

Noida

Additionally, several premium properties are being built by developers and sold at considerably low prices in recent times in Noida. Properties located along the Yamuna Expressway are also priced lower than those situated at Alpha 1 or Zeta 1. Greater Noida prices usually range between INR 3, 000 and 4, 000 per sq ft which is exceedingly low compared to other booming areas. On the Yamuna Expressway, budget or low price homes are usually priced between INR 2, 700 and 3, 400 per sq ft on an average.

RBI Cuts Repo Rates For The Third Time in a Year

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Followed by the previous rate cuts, RBI again reduces the repo rates by 25 basis points, bringing a fresh hope for the real estate sector. With this step, the home loans are more likely to get cheaper while boosting the real estate sector sentiments.

Photo Courtesy: livemint.com

Here are given what is the real RBI cuts repo rates :-

1. In order to curb the ongoing inflation, the Reserve Bank of India has slashed the repo rates one more time by 25 basis points. The new repo rate becomes 7.25% from7.5%. The apex body has not touched the other policy tools such as the cash reserve quotient is same as it was at 4% along with the SLR (Statutory Liquidity Ratio) at 21.5%. This is the third time that RBI has cut down the repo rates within six months to support the sagging economy. Previously it has cut the repo rates in January and March respectively by 25 basis points, which makes the total rate cut to 75 basis points in this year. This step is much needed to uplift the sentiments of the real estate sector in India.

2. The decision from RBI has brought a huge relief to the real estate industry as the home loan rates are most likely to become cheaper. And the borrowing cost could also decrease for developers, who are struggling with the high cost of construction as well as funding cost. The reduced rate will result in the growth of the realty sector with an increase in housing demand and sales. It will improve the industry’s present condition of demand slowdown, which it has been facing for the past few years.

Check also : Impact of RBI`s Repo Rate cut on Real Estate Sector

3. Banks can now offer home loans at much more attractive rates, which will encourage the home buyers as well as the investors to purchase property. The rate cut will improve the home buyers buying decision while boosting the Indian real estate sector in a huge way. Further, if the banks will pass on the reduce rate cut benefits to the home buyers, then it will increase the pace of housing demand and sales.

4. However, it depends on the banks how soon they will pass on the reduced rates to the loan borrowers. As earlier also the banks took some time to pass on the benefits to the customers. The banks should now pass on the recent 25 basis point rate cut to the borrowers immediately to stimulate further the housing demand. The market has welcomed this step, but pointed out to be too less. The analysts and real estate developers are expecting more such rate cuts from the RBI, to trigger the sales of residential properties in India.