Bangalore to Have Preference Amongst NRIs and HNIs

Bangalore is said to be the best real estate destination amongst the Non-resident Indians and High-Net worth Indians. The central part of the city is said to be on the top list of NRIs and HNIs residential buyers till now. However, there is a shift in the trends as buyers are seen moving towards the suburban areas for investment. The people are specifically opting for the southern part of the city. The southern localities are gaining popularity amongst the buyers as the area has growing urbanization, arrival of service industries and infrastructural advancements has led the area towards the high-ticket size of the real estate market.

According to the reports there is a noticeable hike in supply of luxury homes and ultra-luxury home segments in the region as opposed to the same section that is dropping in the central region. Also, there has been a rapid growth in the infrastructure of the real estate sector in the region. The IT industry is like a cherry on the top. Also, along with the increasing demand by the HNIs and NRIs, the Property in Bangalore is also witnessing healthy demand of premium properties from the top-management professionals of the organizations located here.

Along with this, the government is also taking the initiative for making the real estate sector in the region a profitable deal for the buyers. One amongst all the initiative includes, housing for all by 2022. Though the market needs to stable as this is affecting the number of launch that are taking place in the city as if there is no increase in the sold property, there are expectations of lesser lunches this year as well.

However, the localities in the suburban areas are witnessing a surge in supply of properties. The ultra-luxury houses are also recording significant sale in Koramangala and Jayanagar. People are investing more on the luxury housing sector as more and more people are finding them affordable as compared to other places and localities.

There are many new launches that are taking place in the city and many of them are lined-up with excellent infrastructure, gated communities, villas, bungalows and much more that are coming up into the city and thus people are keenly and willingly investing in property in Bangalore. The success of the real estate sector in the city is a clear symbol of the satisfaction that the investors are getting. The projects are constructed keeping in mind the requirement and demand of the potential buyers. Bangalore is of course the best investment option in today’s time as not only Indians but Foreigners are also investing in property in Bangalore. This is in-turn increasing the demand for residential and commercial property in the city.

Definitely, owning a property in Bangalore is sure going to get good returns on investment in the future. Significantly the outskirts of the city is also developing at a very rapid pace, making it a good option for the buyers a Buy Property in Bangalore.

Hunting a Property in Kolkata? Here are The Tips

Kolkata is a cultural city with people of different religions living with demand of residential and commercial Property in Kolkata. Localities like New Town and Salt Lake have been in demand by the buyers. Both the places are well-established with options for various ready to move in housing projects to choose from.

Whether one is Buying Property in Kolkata for end use or to reap benefits in future, of course they need to have some knowledge and guidelines to how to go about Buying Residential Property in Kolkata. Thus, here are some tips for buyers hunting a house in Kolkata. 

Evaluation of the requirement

It is important for the buyers to know what exactly they are desiring for. The buyers should always be clear about their requirements like type, size and the kind of apartment one is looking for before actually starting your search for buying home in Kolkata properties.

New or Resale

Another major factor is to make the decision of whether one wants to invets in new or resale property. Which one is the pick according to which the segregation of property will be done? This is the time to take that decision and analyze what is more worthy of you, a resale property or a new buy? It is important to make the decision as resale properties are less priced as compared to the new properties.

Amenities

Before investing in any property, it is important to know the localities you want to live in. one should check out the area and its surroundings, availability of schools, grocery stores and other facilities nearby the area you are willing to invest in.

The right location

It is said to be the most complex aspect of Buying Property. Each buyer has its own preference like distance form their offices, or schools, metro stations, etc. one should always keep into consideration the essential areas surrounding the locality, public transport and other important things including the right location match for you to reside in.

Hike in The Cost of Residential Property in Noida?

A setback for the buyers at Yamuna Bank, Noida and Greater Noida, the Residential Property is all set to cost more and of course, this burden will come on the pockets of the customers. The implementation of increased stamp duty on registration of units from 5 to 7 percent has been approved by the governor recently, and this will be applicable from the beginning from the financial year i.e. April 1st, 2016.

Experts believe that depending on the size of the purchase units; there will be an increased burden of around Rs. 50,000 – Rs. 2, 00,000 completely on the customers who are willingly investing in Residential Property in Noida, Yamuna Expressway and Greater Noida. They believe that these will undoubtedly affect the demand for property that recently started picking up pace.

After the National Green Tribunal (NGT) verdict last year, it bought positivity and begun to bring customers back in these areas. But, after the governor’s decision, the buyers and investors are morose and are protesting with the developers’ fraternity. Even the developers believe that this move of increasing the stamp duty will never satisfy the buyers, and they will be forced to pay extra money to receive the ownership of their units. This move is of course not for the buyers, and all the efforts by the NGT verdict which bought back the buyers to the Properties in Noida and nearby regions will now go in vain. 

It is to be taken into account that almost one lakh units are registered each year from Noida, Greater Noida and Yamuna Bank which brings along heavy amount to the authorities. The buyers have to bear not only the increased stamp duty but also the axe of transfer fees and lease rents as the properties in these areas are held on lease. Along with this, the transfer charges are also high which is added to the lease rent. It comes down to a total of 1-2.5% of the total cost of the unit. It, however, varies with different Properties in Noida, Yamuna Bank and Greater Noida. Adding to this is the hiked property prices which of course has to be paid by the buyer.

Altogether the problems of Buying Property in Noida, and nearby regions is high, and this will affect the demand for Properties in Noida, Yamuna Bank and Greater Noida. It is being expected that this decision of increased stamp duty will reduce the demand for property 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.

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.

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.

A Boost to The Real Estate in East Bangalore

With the up-gradation of the Whitefield main road that leads to the Bangalore’s International Tech Park was said to be the turning point for the east Bangalore. The region is well-connected to the Old Airport Road and Varthur Road on one side and the Whitefield main road from the other side, the Old Madras Road from KR Puram and the Outer Ring Road at Marathahalli form another side. There are numerous international corporates that are settling down in ITPB and EPIP, other areas in and around Whitefield, Marathahalli, Varthur and other places. Places like Kadugodi and Hope Farm Junction have turned into a housing catchment with potential for good appreciation.

The infrastructural development will definitely ease the connectivity of the locations in property in Bangalore.  The extension of the metro rail from MG Road-Baiyappanahalli line to Whitefield will reduce the traffic as there is high density of population that commutes to this area for work. On the other hand, there will be a new metro line that will run between Marathahalli and Hosakerehalli in phase 3. There will also be 3 interchanges on this metro line which will connect to the Nagavara-Gottigere line, Kogilu Road-Carmelaram line and the BIEC-Anjanapura line. There are however, preliminary studies on the stations on the extensions and the route to Whitefield and the construction is all set to begin pretty soon.

Also, the up-gradation of the National Highway 4 to KR Puram on one side and to Kadugodi on the other, there has been a lot of residential developments up to Hoskote. The proximity to Whitefield and availability of land at comparatively cheaper and affordable prices has spurred the property in Bangalore and especially the residential property market in this region. Numerous integrated development projects are also coming up in this region. There is a mix of retail and residential projects that are coming into this region.

The Marathahalli-Sarjapur Road belt of the Outer Ring Road has the maximum number of IT/ITES companies. Many start-ups and corporates chooses this particular belt due to the continuous and smooth travel up to K R Puram on one side and Central Silk Board on the other. The Bangalore Development Authority will definitely put up two more flyovers here. An underpass and flyover at the Hebbal-Outer Ring Road junction will help the commuters travelling towards Nagavara. Also, there is another flyover that will be at the Doddanekundi-Outer Ring Road junction. These are planned to be finished in around two years, allowing continuous travel on the Outer Ring Road.

Definitely all these infrastructural developments will increase the Demand of Property in Bangalore and all the major regions that are mentioned and soon there will be boom on the real estate sector.

Commercial Residential Property In Gurgaon

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Property in Gurgaon, a major issue nowadays among the people to get best quality of property of their choice in a good place. Gurgaon the most developed city among other cities of India and NCR. The infrastructure of Gurgaon is high. Gurgaon is the perfect place to invest money on the property. Here one can get a top class of property weather it’s residential, or commercial, or land property, or rental property. Property in Gurgaon is on high demand across the people of India. The NRIs also want to buy property in Gurgaon.

    Gurgaon known as the Millennium City with all facility. Gurgaon is just 30 min drive from Delhi. This place is situated next to NH 8. So easily communicate to other parts of India, metro is well connected from Gurgaon to Delhi. Rapid Metro services also connected to major parts of Gurgaon. Indira Gandhi International Airport is 15 kilometer from Gurgaon. So for communication from this place is not a big issue. All the major companies like Hero, Honda, Maruti Suzuki are in Gurgaon. Software companies like TCS, Aricent, AMDOCS also present here. Foreign companies also their offices in Gurgaon, so for a better career option Gurgaon is the best place. Other social infrastructure like top schools, hospital, shopping complexes. Entertainment zone are available in Gurgaon. The Hangout zone like King Dom of Dreams, Water Park, Tau devi lake garden present in Gurgaon. The Gurgaon is well sanitation system, water facilities, and better electricity system.

   The best place to have a property in Gurgaon is DLF sector, Sohna road, and the new extension of sectors from 58 to 63, 78 to 81, and 99 to 112. DLF Rea is the most Developed areas of Gurgaon. At DLF Sector, the price of property is very high. Most people want a property at DLF sector. It is known the high societies of Gurgaon. Top class MNC and other important company present in DLF areas. To start a business in DLF IS good idea. The Sohna Road is a developing day by day. In Sohna Road there also a lot of Business tower, residential properties, shopping complexes available. Sohna Road is also a good place to Buy Property in Gurgaon .  Apart from this there is property in HUDA sector. Sector 22, 23, palamVihar there is good type of properties.

                      With the three main expressway of Dwarka express way, NH 8, Sohna Road, and Gurgaon is well connected to Delhi and NCR. DLF and Unitech are the main two property developers who provide different kind of property in Gurgaon. Vatika, Raheja, Vipul are also famous developers who provide luxurious apartment in an affordable price in Gurgaon. This property also used as rental property or resale.

Gurgaon the perfect property Destination of India having all the facilities. Today all are want to buy property in Gurgaon.

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