Curative Touch for Kolkata’s Salt Lake - Buy Property

Under the Atal Mission for Rejuvenation and Urban Transformation, the Bidhannagar Municipal Chas has come up with a proposal to build 4 parks in the industrial area.The corporation has recognized around 20 parks in the industrial area that can be constructed with minimal interference or involvement. The parks and open spaces are evaluated in terms of family facilities, physical activity resources, playing equipment for the kids and general services along with the facilities that has come up with the real status of the parks in its care.

The authorities have seen numerous parks that lack in many thing including the boundary walls of the parks. Many of these parks does not have fences as well as public facilities like dustbins, or piped water. The parks also do not have planned play areas or any play equipment for the kids. The facilities needed for attracting the crowd is also missing, there are no ice-cream parlors, snack stalls or kiosks. The officials also believe that many of the parks are not well-lit, manicured or landscaped.

Also, there are almost 12% of the parks those need boundaries, 20% lack supply of water, almost 10% does not have dustbins and 15% needs fenced areas. As per the authorities, the rejuvenation plan includes the involvement of the local citizens and many groups in the maintenance along with to upkeep the development sustainable.

There has been four parks that are decided for the healing touch-up for the present fiscal. These four parks are Nishikanan Park in Rajarhat Dakshin Narayanpur, Niranjan Pally Park and Salua Park in Rajarhat's ward number five as well as municipal sports complex Park also in Rajarhat.’

The major concern of the officials is that there is depletion of green spaces that can be seen due to urbanization. Earlier, the Bidhannagar municipality had been the guardian for all the parks in the Salt Lake as well as many in Rajarhat that came under Rajarhat Gopalpur municipality.Also, all the gardens and parks now come up under the Bidhannagar Municipal Corporation.

This infrastructural development along with other developments in the real estate market in the city which has shown an increased demand of the residential and commercial Property in Kolkata. Also, these infrastructural developments and growth are making the city grow and progress towards an upcoming boost in the city which would be beneficial for the developers as well as the buyers.

National Highway 24 Ready to Provide a Smooth Ride from Ghaziabad to Delhi - Buy Property

National Highway 24 or Delhi Meerut Expressway is on its way for widening as PM Narendra Modi launched Rs 7,566 crore project for the same. This has been delayed for over six years and finally the project is now ready to take off in almost two months and the completion timeline for the same is set at 30 months. The seamless connectivity will definitely make traffic jams a thing of the past and will cut down the travel time to the capital city, Delhi.This will have positive impact on both the developed and developing areas near the region.

The authorities have already acquired the land for the project except some of the patches like built-up inroad in Pandav Nagar region. Also, the Dasna to the Meerut Bypass’s processes have been completed and the compensation of the farmers has been submitted to the local authority.

This project has been proposed in all four sections. These sections are Nizamuddin Bridge to Uttar Pradesh border; UP border to Dasna; Dasna to Meerut and Dasna to Hapur. The work has been started in two of these four sections whereas the other two are in the pipeline. These are expected to being by March, as per the authorities.

The experts in the real estate sector say that the improvement in the infrastructure surrounding this corridor is necessity than a choice and if there will be any more delays in the widening will definitely lead to piling up of the unsold Properties in Ghaziabad and its surrounding areas. The realty market of Ghaziabad is said to be a market for the end-users and is said to be largely dependent on completion status of the projects, its infrastructure, its price and the location that is available in and around the projects that are coming into the city.

It is being said that there will be no impact or changes in the prices of the Ghaziabad Properties in the next 12-18 months due to which people are also not excited about the national highway 24, however, everyone is waiting for the actual ground work to start. There has been confusion and chaos due to this project as it was announced six years back and till date the actual development have not started. The ongoing constructions and the prices of the projects are actually dipping down. The prices are expected to recover when the project will be near completion, before that there is no expectation of change in the prices of the Projects in Ghaziabad and nearby areas.

Definitely, these developments are going to be a game changing segments for the city. National Highway 24 will make it more convenient for the travelers, residents and professionals to travel to Delhi as the time period will be reduced and there will be less traffic on the roads. Thus, the national highway 24 will be one of the best infrastructural developments for Ghaziabad which will of course have a positive impact on the real estate sector in the city and will provide good returns on the investment in the future.

New Town Soon to Introduce Unit Area Tax - Buy Property in Kolkata

In New Town, there will be an introduction to the unit-area system by the New Town Kolkata Development Authority for collecting water and Property taxes from the bulk customers. The city failed to make it to top 20 in the smart city list as it ranked 30^th. However, the authorities are hopeful that the city will feature itself in the second list.

The authorities are eager to make it to the second list for which they are already preparing themselves and they are working full-time for the quick execution of the unit area system in New Town. The documents for the same are in the process of being prepared. Along with numerous facilities, there will be web-based property tax system through which there will be online tax collection. The service will also provide synchronization if tax data and land on the same database.

After getting ago ahead earlier, the New Town Kolkata Development Authority asked the West Bengal valuation Board to make a yearly valuation of the Kolkata Properties especially those present in the township. After the discussion, the authorities have decided to opt for the assessment of the unit area as it is said to be appropriate with the modern smart city concept.

The New Town Kolkata Development Authority Act was revised after much analysis and enquiry which not only gave the authorities the power to collect and impose property tax from the people residing in the townships but also allowed the authorities to act as a municipal authority. As per the authorities New Town is still a township that is developing and there are numerous factors like permitted floor area ratio and current market price of the land for commercial land areas were taken into the consideration for the new or upcoming structure of the tax. This will be a positive and improving step towards Property in Kolkata and this might lead it to make enter into the second list of smart cities.

YEIDA Allottees to Get Lands by June – Buy Property

About 21,000 individual allottees are all set to get the possession of their lands after nearly 7 years which were allotted to them by the Yamuna Expressway Industrial Development Authority.

As per the officials, there was a delay in the possession of lands due to the agitations by the farmers. There are around 77 villages in the region which have been agitating for a hike in the compensation of 64.7% for their lands or areas. The Uttar Pradesh government has directed the Yamuna Expressway Industrial Development Authority to pay the enhanced compensation to the farmers.

Officials reported that they have started the payment of enhanced compensation. And they take it as their priority to hand over the land possession to the allottees. Although, the authorities have already circulated Rs 260 crore to the farmers and have taken the possession of the land in sector 20 of the Yamuna Expressway Industrial Development Authority.They are also planning to take possession of sector -18 within next 30 days which is said to have almost 7,000 allotted lands. The allottees are also asked to cough up extra money for their lands for the authority to pay improved or increased compensation of 64.7% to farmers in the region.

Also, the allottees have been trying really hard to get relief from the extra load. Last year in October, the plot owners got the judicial reprieve from the added burden under the banner of the Yamuna Authority Residential Plot Owner Welfare Association. The association is definitely clear that they want to distribute the compensation to the farmers as well as they are willingly sharing the burden of the farmers.

However, the authorities approached the Allahabad high court seek some relief in the payment plans. The court thus asked YEIDA to sort the issue for which a committee was formed of senior officials who took the final decision on the issue on 22^nd January 2016. Also, as per the sources, the committee would allow the allottees to pay the burden in 8 installments than that of 4. These instalments are said to be interest free and would not have any penalties in case the allottees are not able to pay their dues. Also, the individual allottees are also being asked to give up either Rs 550 or Rs 1,770 per square meter for sharing their burden with Yamuna Expressway Industrial Development Authority.

This is definitely a relieving feeling for the allottees as they would finally get the lands and their long wait will be over. There are around 10,000 allottees who have cleared their first installment which was due on 30^th October, 2015, it is not necessary for them to pay the second installment. However there are around 11,000 allottees who have till now not cleared their 1^st installment. They will now be asked to pay both of the installments together.

Thus, the Property in Noida is coming out to the judicial issues and working back on the schemes that they were made for. It is also adjusting the share of the farmers as they should not be in loss due to these schemes. 

Commercial and Residential Property in Faridabad

Faridabad is said to be the rapidly growing NCR city amongst the NCR cities. The one who is looking for a peaceful life away from the hush of the city should definitely opt for Faridabad as it provides a life away from the busyness of the metropolitan cities. There has been a tremendous growth in the infrastructure of Faridabad as the city has registered good development. Due to urbanization and industrialization, the city is certainly moving in flurry. The Faridabad city is definitely turning into the best city to stay in. The city is said to be the spot where one can obtain a cozy life. It is much affordable to get rental Property in Faridabad as due to the increasing commercial sector people are heading towards residential Property in Faridabad. Both, commercial and Residential Property in Faridabad are on a roll since there are many renowned and new companies that are entering the city and bringing along professionals and workers that would work in these organizations.

It is an excellent decision to Invest in Property in Faridabad as people get easy and excellent connectivity to their workplace and with metro and other mode of transport, one is getting a diverse accommodation for living and working. There are huge and numerous projects that are coming into the city since these projects are fulfilling the demand of the buyers and providing discounts and other schemes for attracting the buyers. The developers are making sure that they provide the best, modern and world-class infrastructure to the people since it grabs the attention of buyers and give them affordable housing experience.

Property in Faridabad is on a boom as the cost is rising and as a consequence to the same, people are moving from villages to urban societies and there is an increase in this scenario intensely. Thus, it is advisable that the buyer think and investigate about the land before Investing in Property in Faridabad. The developers are attempting to push the apartment or property that would definitely have some brilliant reasons for one to buy in his/her property and keep the expense as high as would be practical.

It would definitely be difficult to opt for the best property amongst the lot that you would find while searching a property in the Real Estate Sector in Faridabad. It is better to look for the appropriate land that suits your requirement and the one that is available for purchase. The apartment or house that you have choose should definitely have all the amenities that the developer has promised you. One needs to make sure that you are not fraud by the developer as the increasing demand of Property in Faridabad would automatically increases the chances for fake and fraud people to make money by unforeseen means.

However, people are now-a-days aware enough that they themselves opt for renowned and known developers so that they do not face any fraud and get trustful Property in Faridabad. Thus, one should be careful and aware about each and everything that one needs to know before, during and after buying or selling property.

Office space leasing records new heights in Bangalore - Buy Property

According to the data, Bangalore has recorded the highest office space leasing during 2015 with the help of internet setups that took place in the city. Bangalore, the startup capital of India took around 12.3 million square feet of net leasing space exceeding the record of 11.3 million square feet that was seen in 2007. However, the total 12.3 million square feet of area was divided into different internet startups, and majorly was absorbed by consumer internet startups with 4.5 million square feet or 36%.

Reportedly, Bangalore has seen least vacancy of 4% in India among the top cities. Also, the national occupancy levels dropped to 17% in 2015 which directly signaled recovery of the economic activity.

Property in Bangalore has been the top destination for serious investors and it is said to be a phenomenal year for the office leasing activity in the city. Two of the India’s leading office space aggregators, RMZ Corp and Embassy Office parks have attracted Qatar Investment Authority and Blackstone Group respectively.

There are startups including Flipkart, Amazon, and Old who booked 2.5 million, 1.2 million and 3.5 lakh square feet areas in the Property in Bangalore during 2015. Also, there has been companies like Mercedes, KPMG, PwC and ANZ have also invested in buying office spaces in the city. Whitefield and Outer Ring Road has been the areas with highest sale of office spaces.Developers also believe that there was good demand of office spaces in Bangalore and across the nation there was seen some positivity in the long-term trajectory.

Also, Accenture, the largest office space tenant in Bangalore is looking for more space. IBM and Cognizant are also one of the most important companies as they have occupied big rented office spaces in the city. Although the experts believe that the main challenge will definitely be the ability to provide office spaces of quality and not the demand as there is no doubt that there will be a lot of demand of Office Spaces in Bangalore. Thus, definitely the Commercial Property in Bangalore is all set to get huge demand for office spaces and these demands will hopefully be fulfilled in the coming years.

Increase in demand for homes in Bangalore due to IT cluster - Property In Bangalore

An upcoming location in Bangalore is Varthur which is said to be well-connected to the city through Old Airport Road along with the periphery region through Outer Ring Road. Varthur is becoming an ideal destination for IT/ITES professionals due to the easy access to the location through Whitefield, Panathur, Sarjapur and Marathahalli.

There are numerous factors that are in favor of this region. The experts believe that the region will perform pretty well once it gets upgraded. Also, there are various expansions that are taking place on the Varthur-Gunjur belt, this is mainly due to the close proximity to Sarjapur Road and Whitefield. The Sarjapur-Marathahalli stretch of the Outer Ring Road is doing pretty well whereas Whitefield is a well-developed market. The region has picked up really fast as it is close to both Whitefield and Sarjapur Road.

The area has some well reputed schools that are functional in this belt. This is one of the key factors that are attracting the buyers to look and buy residential property here as this is either close to their children’s schools or either their workplace. Also, there are numerous residential choices that are located in and around the Varthur-Gunjur Road. The area has well-constructed social infrastructure with presence of various retail formats, international schools and healthcare amenities. Thus, the area is witnessing many residential transactions of late. There is an increase in the population due to the increased commercial and industrial activity. This definitely offers improved feasibility for the residential developments in the coming years.

The areas around the Varthur-Gunjur belt and Kadugodi are definitely emerging as a new housing areas in the Whitefield region. These are well-connected to Whitefield and ITPL main road along with the various parts of the city through National Highway 4. Varthur is famous for its extensive villas developments.

The villa projects in the region are located on an average area of 2,500 square feet to 5,500 square feet and these villas are priced from 9,000-11,000 per square feet. On an average, 5,000 housing units are under-construction in this area and most of the forthcoming supply is in the mid-segment group.

There is a lot of competition in the region when it comes to the villa projects which definitely makes it more preferable. Varthur has around 3,200 units of housing stock presently in the region. However, the major focus in on the premium segment in Whitefield main road, and the affordable residential category in located more towards this region. Definitely looking at all the infrastructural developments, the city has a lot of potential to command and grow in the future. Amongst all the Property in Bangalore, Varthur is one of the fastest developing region with great investment returns in the future. Buyers who are willing to buy residential and commercial property in the region should not waste any more time and instead should invest in property in Varthur and nearby regions.

Glimpse of real estate scenario of Kolkata - Property in Kolkata

Kolkata is known for its wide culture and the increasing demand of real estate sector in the city is keeping it in the limelight as there are many renowned developers that are either working in the city or entering the city to develop residential and commercial projects.

With the coming of a joint development agreement between Square four Group and Tata Value Homes for a 25.5 acres of housing land at Barrack Pore Trunk Road provides affordable housing a major boost in the city. As per the reports, the overall yield of the land has been valued to be around INR 3000 crore. Tata Value Homes is also planning to bring an integrated township with 3500 budget apartments.

There is another locality which is definitely worth looking at which is just minutes way from NH 34. Bablatala is the location in Kolkata which has a choice for perspective home buyers those are looking for a precinct which is said to be well-connected to the rest of the city. This area has a bustling retail market, a metro station along with some colleges, schools and numerous hospitals around. Also, there is close proximity to the airport which is only 5 kms away. Bablatala is convenient for people using public transport as there is good and smooth connectivity to other cities of Kolkata.

The new researches also shows that the Demand for Residential Property in Kolkata is on a slowdown. In today’s time, the demand for affordable residential property is more than 50% that that of the total demand followed by the middle and upper range which is just 12%.

One area which was majorly affected by the fall in demand is EM Bypass. Irrespective of an auction by the Kolkata Municipal Corporation for a land in this area did not bring in the expected results. After 2005-2006 the prices have not reached the high water mark, yet there are demand for affordable residential segment.

The Housing Infrastructure Development Corporation has decided to provide additional 10% of floor area ratio more than the usual area. Also, there will be no extra charge for the additional area. This is for any locality that the person is developing apartments in.

The town planning authorities are encouraging the builders to come up with the multi-storied parking for the large commercial and residential buildings.Although the additional parking will not be included in the floor area ratio. The use of eco-friendly building materials and solar power will make the building certified as green. Also, an additional 15% floor area ratio will be allowed for complexes and mass residential to cater to the IT and multi-storied commercial complexes.

Along with the apartments in Rajarhat, the independent houses are also increasing on the list of preference of the prospective home buyers. The home buyers investing in the Property in Kolkata Bablatala are majorly NRIs and Bengalis those are living and working in the other metro cities of India.The buyers are inclining towards buying individual homes than the apartments. Noticeably, there has been an increase by 12% in the sale of independent homes but this is over a low base but still it is important to be noticed. Space is said to be the major reason for this increase in demand for independent homes. Also, people are ready to invest more for a better location which makes Property in Kolkata a better and good option for investors and buyers. 

Noida Authority Launched 2000 Apartments on Republic Day - Property in Noida

The Noida Authority has launched affordable residential apartment schemes on January 26 that marked the occasion of Republic Day. These are around 2000 apartments under the Samajwadi Awas Scheme or Yojna.

The Samajwadi Awas Yojna is an aspiring housing scheme of Uttar Pradesh government under which the state aims to build around 3 lakh affordable homes in the range of Rs 10 to 15 lakhs this year for the low income group and economically weaker section segments of the society. This scheme is likely to offer concessions which includes single window clearances and rebate on the stamp duty.

The affordable housing will be provided in 3 sectors of Property in Noida including sectors 122, 118 and 117. While there are 1280 number of apartments in 71 meter sizes apartments and 32 meter size with a total 720.  However, the flats under this scheme will be allotted on the basis of the lottery.

The construction of these Property in Noida are already complete by the authorities and the money invested in the construction of these projects are almost Rs 160 crore. There are segmentation on the prices of the residential flats as the 71 meter flat are Rs 30 lakh and 32 meter flat for Rs 14.07 lakhs. The multi-storied buildings are located in a four-storied building. Under the scheme, although, the lower income group will have kitchen, 2 rooms, bathroom, balcony and toilet whereas economically weaker section apartments will have one room, toilet, bathroom, balcony and a kitchen.

Definitely this scheme is of benefit for the lower income group as well as the economically weaker sections. They will be able to have their own home at affordable rates as this would decrease their pressure of paying for homes with high rates. Thus, this is a good scheme by the government and the sections that are covered under this should utilize this scheme and secure their future as well.

Ghaziabad Positioned 87th in The Smart City Race

Ghaziabad could not make it to the list of 20 cities of the smart city race that was announced by the central government. The city was in fact ranked at 87 among all the cities which submitted their proposals to the union urban development ministry that is to be developed under the mission.

The list of chosen cities includes Pune, Surat, Ahmedabad, New Delhi area, Coimbatore, 

Bhubaneswar, Davangere, Solapur, Jaipur, Ludhiana, Chennai, Bhopal, Kochi, Vishakhapatnam, Udaipur, Jabalpur, Guwahati, Indore, Belgaum and Kakinada. There is no city from Uttar Pradesh that has cleared the obstacle to qualify for the development as a smart city.

The cities that have scored between 55 & 78 points have qualified the final round and made it to the smart city list. Though authorities in Ghaziabad are not sure about the parameters or reasons in which Ghaziabad scored less, also, the points secured by the city are not clear. Although the Ghaziabad Municipal Corporation is hopeful that they will make it to the second phase of selection as they are ready to submit fresh proposals.

In the NCR, Ghaziabad was selected among the 12 cities that were selected from Uttar Pradesh that will be developed under the smart city scheme. There were a total of 97 proposals from across the nation that were sent to the union urban development ministry.

Ghaziabad Municipal Corporation sent their proposal on December 15, 2015 with an estimation of Rs 1,120 crore that will be spent on various developmental and infrastructural works. The planned draft was examined by the Regional Centre for Urban and Environmental Studies in Lucknow before sending to the Urban Development Ministry.

Definitely, Property in Ghaziabad is increasing its pace of development but it will still take time to get fully developed under the smart city scheme and soon the city will see some world-class development which will increase the demand of commercial and Residential Property in Ghaziabad.

Places to Buy Property in Kolkata

Kolkata is said to be the third metropolitan city of India after Delhi and Mumbai. The Demand of Property in Kolkata is increasing at a rapid speed throughout the year. The residential property in the city offers good infrastructure. There are many housing segments that are available at affordable prices even the 3BHKs are available at reasonable rates. There are many good localities or areas where one can buy a reasonable house in Kolkata.

New town is the place where many renowned residential areas are coming up and many of these projects are in action and the construction is taking place in full-swing. Earlier, this areas consisted of two cities Bhangar and Rajarhat which are said to be well-developed in a planned manner. The New Town consists of three areas namely Area-1, Area-2 and Area-3. Among there Area-1 and Area-3 majorly consists of residential area, malls and some renowned developments along with gated communities.

Another major area is Garia which is an upscale city in the south of Kolkata. It is said to be a quiet area, an apt option for people who want to stay away from the crowded localities of Kolkata. There are many residential complexes that are coming into this region. Garia also has many restaurants, educational institutes, hospitals, shopping centres and many other interesting places.

Dum Dum, another city in North Kolkata is said to be one of the main entries to Kolkata. The area provides smooth and amazing transport facility which makes it an appropriate choice for buyers who are searching for Property in Kolkata which good transport facilities.

There are numerous places like these that have amazing options for Residential Property in Kolkata. These places are Santoshpur, Sonarpur, Tollygunge, etc. Many of these localities provide housing at reasonable rates which makes it more appealing for the buyers. The real estate in the city has great advantage of industry existence and infrastructure. Also, many of these residential projects are well-equipped with modern and world-class amenities which makes this city a good option for investment in residential properties.

Why should you invest in Faridabad

Faridabad is the largest city in the state of Haryana and is well-known as an industrial hub. It is surrounded by Uttar Pradesh to its west and east, Gurgaon to its west and Delhi to its north. The city enjoys its location geographically and politically since it is a part of the National Capital Region.

Currently, Faridabad is witnessing a huge change in its skyline in terms of the real estate development. There are a decent number of residential and commercial projects that have cropped up and revived the interest of the buyers in the area. The prime factor that supports the booming property in Faridabad is the increasing demand of affordable homes and shortage of land in Delhi. There are numerous industries and international companies that are entering into the city due to its proximity to Gurgaon, Delhi and Noida. Also, the metro rails and urbanization of the Mathura Road adds to the scenarios of Faridabad.

Faridabad is witnessing development as compared to other cities in India. The government is also putting the best of their efforts to improve the infrastructure of the city as they are constructing many flyovers that will improve the connectivity.

Also, the upcoming KPM Expressway will connect Faridabad to Gurgaon, Delhi, and Sonepat easily and the KGP Expressway will connect the city to Ghaziabad, Noida and East Delhi. The upcoming metro rails will make commuting to the city easy which is currently upto Badarpur. The infrastructure of the city is also improving as there are many reputed schools and institutes that are coming in Faridabad. Improving infrastructure is bringing along many MNCs that are migrating to the city that will definitely offer jobs and employment to people.

Property in Faridabad are affordable and reasonable as compared to Delhi NCR. People are heading towards Faridabad to invest in residential and commercial properties in the city. Experts believe that Faridabad is having good investment options because of excellent infrastructure, affordability and price appreciation. The major concentration of the developers are the mid-segment category as it is the preferred option of the home buyers in the city. Thus, Faridabad is the next best destination for investing in the residential and commercial properties .

Noida Authority’s Projects Gaining Momentum

The authorities believe, Noida needs some major traffic solution since the city catches continuous traffic jams due to the ever-increasing vehicles and population in the city. These three projects will bring a lot of relief to the travelers.

Once the construction of these projects starts, it will approximately take around 3 years for the projects to complete. The elevated road will come on the DSC Road from sector 41 to 49 which will cross the crossroads of sectors 82 and sector 110. This will start near Aghapur village and travelers will be able to travel easily towards Barola, Bhangel and Salarpur up to SEZ near 82 sector T-point.

The flyover will also have a path for entrance and exits and is estimated to cost around Rs 600 crore. The DSC Road is one of the busiest belt in Noida and traffic jams, mainly during the peak hours, are a consistent occurrence on it. The condition is made worse by the fact that the belt between Barola village close to Sectors 49 and 82 is very thin and heavily intruded upon. Once these projects are completed the road is expected to provide relief to commuters which are using the stretch very frequently or daily.

These will provide a signal-free connectivity to the commuters between Noida, Ghaziabad and Delhi and this is expected to complete in one and a half years. One underpass will be nearby the crossing of sector 47, 49, 104 and 107 whereas another underpass will be located nearby sectors 60, 62, 66 and 64 on the DSC road.The work of these underpass in expected to start in around 2 months and the tender of the first underpass is predicted to float by nest month. This particular project will cost around Rs 80 crore. However, the estimate for second underpass is Rs 60crore which is expected to start its construction likely by this April.

These developments in the infrastructure is definitely going to have a positive impact on the property in Noida and soon there will be more infrastructural developments that will be seen in the city. The projects will make it convenient for the travelers and commuters to travel in these areas in Noida and there will be no traffic jams that will be seen in these areas.Thus, this is making property in Noida an even more appropriate option for the buyers of residential and commercial properties with expectation of good returns in the future.