The Grand Southern Trunk Road otherwise known as National Highway 45 is one of the major connectors present in the city of Chennai. Any micro market which has a prominent connector running through it witnesses brisk business in terms of real estate. Home buyers are very keen on connectivity and it one of the biggest factors that plays on their minds when they are making their property purchasing decisions. Hence localities which have national and state highways running through them are always on the top of a buyer’s property purchase wish list.
This national highway stretches from Guindy all the way up to Theni. It is considered to be one of the busiest national highways in the southern part of the country. The GST Road is known to be the home to many upcoming affordable localities. The southern parts of the city have always been attracting the attention of the home buyers. But lately these areas have been losing their charm because of the huge price tags that properties here carry. The micro markets in the Old Mahabalipuram Road are heading towards saturation as well. This being the case, the GST is the answer for those who are looking to buy quality homes in Chennai at a decent rate. There is also the fact that there are plenty of land parcels that are available along this stretch which is not the case with southern parts of the city. The area is also an employment generator of sorts as it is known as the automotive and manufacturing hub of the city.
Guduvanchery is a locality which is situated on the GST Road. It is one of the micro markets in Chennai real estate which has seen good traction among home buyers. It is surrounded by areas such as Urapakkam, Vandalur, Kattankulathur, Tambaram and Maraimalai Nagar. There is great demand for properties such as plots and flats in Guduvanchery. The going rate for apartments for sale in Guduvanchery stands at INR 3200 per square feet on average. The going rate for villas here stands at INR 4500 per square feet on average. The area is one of the most affordable real estate destinations in the city and is hence a hot property choice among buyers looking for homes in Chennai.
There are multiple infrastructure projects which are further strengthening the real estate scene of the micro market. There is the Outer Ring Road which connects Vandalur to Nazarathpet, the proposed monorail project from Vandalur to Velachery and the metro station near the Chennai International Airport which will all add to the appreciation of flats in Guduvanchery.
In a day and age where a customer is seeking convenience and everything is going digital, IndiaProperty.com in association with CREDAI makes home buying available online. For the first time in the history of Indian Realty sector an industry body has allied with an Online Real Estate portal to take Chennai’s most awaited property expo CREDAI FAIRPRO 2015 online. The three day mega online property booking starts on the 20th of February 2015 and ends on the 22nd of February. Click on the link to register and explore homes http://www.indiaproperty.com/fairpro2015/.
With 85 builders on-board FAIRPRO Online will give property seekers a true e-commerce platform for home buying by providing the widest range of properties available for online bookings. At FAIRPRO Online, powered by IndiaProperty.com all the participating 85 builders would have a wide variety of projects across Chennai on offer for online booking. For the first time the online property bookings can also be made via mobile phones.
FAIRPRO Online is not just about convenience, it is also about giving customers exciting deals. CREDAI is offering a 2% interest rebate for the first two years of property purchase along with a brand new iPad Air for all the online and offline bookings made during FAIRPRO 2015.
Property being a high investment and once in a life time decision was never thought to be sold online. But today it’s becoming a possibility with the improving technology which is enabling buyers to view the whole project online in detail. With features like TruView by IndiaProperty.com, a buyer can have a look at the aerial view of the project which will give him the flexibility to select and discover the tower, floor and even the unit of his choice. He can explore the project to the fullest via 3D Floor Plan and Virtual Tour.
TrueView is a virtual representation of the project which gives an estimate of the true image of the home. One can also get various other information like the direction facing, vaastu/ Feng-Shui compliance of the property, offers on booking, payment schedule, possession date etc.
With secured payment gateways a buyer can pay booking amount online or choose to make payment offline by opting for a cheque or DD pickup. The offline payment option is an industry first initiative to make online bookings available to thousands of property seekers who either don’t have access to online payment or are hesitant to make one. This works like any other cash-on-delivery system and the cheque or DD would be collected by our executive within 24 hours.
FAIRPRO would no longer be limited to Chennai and will now expand to global audiences. With the combination of online and offline payment mode and availability on Mobile phones, IndiaProperty.com is taking CREDAI FAIRPRO to the next level and making wide variety of projects available at buyers fingertips.
Ganesh Vasudevan, CEO IndiaProperty.com says, “IndiaProperty.com is proud to be chosen by an industry body like CREDAI to power their biggest property show online. Technology has enabled us to provide views that are so detailed that sitting at home one can explore a property in minute detail. And with secured payment gateways buying property online is becoming a reality. It’s a great platform for NRI’s and Indian buyers who want to purchase a property in a different city.”
Sivagurunathan, Executive Committee Member -CREDAI and Advisor - FAIRPRO 2015 says, “Property buying has evolved over the years from being broker driven to being run by industry professionals. Representing a new era of home buying experience, our latest venture Fairpro Online is a landmark event in the history of the Indian real estate. Moving property buying online has been a natural progression and this was made possible with the platform and technology support provided by industry leaders- IndiaProperty.com. Property buying and reviewing is now accessible to buyers across the globe with state-of-the-art features like TruView, 3D Floor Plan & Virtual Tour developed by IndiaProperty.com. We believe that Fairpro Online will change the property buying experience in a big way!”
About IndiaProperty.com
India Property Online Pvt. Ltd., is the country’s leading portal in the online real estate space. IndiaProperty.com offers one-stop property marketing solutions serving builders, real estate agents and home owners, to sell or rent their properties, while offering a feature rich interface for property buyers to search and identify properties that match their requirement. India Property has pioneered several innovations such as Assisted Property - India's first online assisted buying service, Gruhapravesh - India's first series of virtual and offline property shows, 3D Virtual Tour and India's first augmented reality based Real Estate Mobile Application amongst others. The portal has over 5 million registered users with over 700000 property listings and 8000+ builders and agents using the platform to market properties.
The real estate in Hyderabad is set to go in to revival mode in the year 2015. The fortunes of the real estate market here have been in a very bad shape for the past few years. Multiple factors have led to down fall of the realty industry of Hyderabad. But there is hope that 2015 will be the year that marks a turning point for the city of Hyderabad.
Over the last few years the political unrest that surrounded the bifurcation of the state of Andhra Pradesh did a number on the real estate of the city. Hyderabad at one point in time was the pride of Andhra Pradesh and shone brightest among the cities of the south. Hyderabad of the 1990s and early 2000s was a city which had potential to grow and challenge the supremacy held by many cities in the north of the country. The Information Technology boom that hit the country transformed the face of Hyderabad and truly made it a cosmopolitan city. Many IT giants flocked to the city to set up shop and this in turn ensured that the realty sector here boomed as well.
Things did not go as planned with this city once the bifurcation issue became the most burning question that engulfed the state of Andhra since its creation. The issue was laid to rest in 2014, but the years preceding this decision had really gone a long way in damaging the image of the city. But all hope is not lost as 2015 looks to be the year that will belong to this city.
Even through the rough patch that the city was experiencing some micro markets in the city managed to hold their own. These were mostly located in the north and north western part of the city. This was mostly because these markets either had a strong presence of IT and finance companies or were areas which were close to these employment generators.
Gachibowli is one such micro market. This micro market was once a village. The IT boom reshaped the fortunes of this locality in a big way. Now a property for sale in Gachibowli ranks high among property seekers in the city. The going rate for apartments in Gachibowli stands at INR 4600 per square feet on average. The going rate for villas here stands at INR 7300 per square feet on average.
Hi Tech City which is one of Gachibowli’s immediate neighbours was also popular among home buyers for the exact same reasons as Gachibowli. But the real estate market in Hi Tech City has reached saturation. Hence a property for sale in hyderabad is much more in demand these days.
There are many big players from the IT industry who are present here. Those who are employed in the companies before to stay in apartments in Gachibowli. They have become the main consumers for the real estate sector here. Connectivity wise the area scores well. Under the Hyderabad Metro the area will also get metro connectivity.
