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.