Increasing demand of real estate companies in North Bangalore - know why

Real estate is a growing industry especially when you consider the outskirts of Bangalore. North Bangalore is one of the major hubs of activity and this is the main reason why the demand for real estate has sky rocketed in the recent years. You will be astonished by the jaw dropping price some of the brokers will quote for a mere 2 BHK apartment. If you are thinking about moving in this part if the city or going to buy some property here, you will have to do a lot of market research before you take the plunge.

Things that you will have to keep in mind

The first thing you will have to understand is that the north is still the one area where the Silicon Valley is growing. Compared to the rest of the city, there are still land available in the northern part of the city. You will be able to find property in this part and some of them will eventually meet your budget. If you are looking for some residential apartment then North Bangalore is one of the first place you should start your search from. The regions around Hennur Road and Devanahalli are some of the best place that have gone through some real estate developments in recent times. Since there are still vacant lands available in these regions, you are more likely to find a place to stay than any other place in the town.

The kind of property you want to invest in

In terms of resale value and the available infrastructure, this is also a region which makes top priority for people looking for investment in real estate. There are all the modern amenities available in north Bangalore. You will be able to commute by the high speed Metro rails that has come up in this region. Most people who decide to live in Bangalore is because of the IT industry and you will need to commute from your office if you are working for a private sector. So getting a well-connected place should be the highest requirement when you are going to buy a residential apartment. You will be able to use the Metro rail and the mono rail links to get to the hub of the city where all the major corporations are located. This is an important factor when you consider the price of a real estate. The apartments or buildings located in close vicinity of a metro station will be priced much higher that the ones that are located in the interior. This does not mean you cannot reach the metro stations from the interior regions. The whole of north Bangalore is well connected by the metro link and there are more new projects which are coming up. It only means you will probably have to take some transport to reach the metro station and then avail the metro. If your priority is getting a place that is well connected, you will have to be prepared to shell out more.

Author Bio:Pratheepa is a professional content writer from Chennai who has a keen interest in researching and writing on the realty trends of the country. She currently writes for indiaproperty.com.

Nepean Sea Road - An address to flaunt

Mumbai is an aspirational city to live in for most Indians. The reasons are plenty that to list them down will form an entire blog article by itself. But there are three prime reasons why Mumbai is most sought after:

• It is where dreams (most) come true.
•  It is the starlet of Indian cities (Think Bollywood).
• Being recognized as a Mumbaikar (heavenly).

If there is one place where the living experience of Mumbai can be closely related to, it will be Nepean Sea Road. Think of waking up to the sound of lapping beach waves. Waves crashing across golden sands and a view that extends far beyond into the unknown horizon is what makes Nepean Sea an aspirational residential address for Indians.

Located close to Malabar Hills, Nepean Sea Road is where the aristocrats of Mumbai would dream coming home to. Living in South Bombay itself is a thing of pride. SoBo is a metaphor most Indians will not understand. But a Mumbaikar knows what kind of power and influence a resident of SoBo will possess.

Owning a luxury 3 BHK apartment in Nepean Sea is quite an accomplishment for any individual. The region since its olden days has been brimming with business towers. Even today, Nepean Sea Road is a place where one can find most of the top corporates of India having their headquarters established. Hence, there is plenty of job opportunities floating around in Nepean Sea Road from where one can chart out a new life.

Not just a career, Nepean Sea Road has major sports clubs within its vicinity where your sportsman attitude can be polished to finesse. Join the Willington Sports Club, Bombay Gymkhana or watch speeding horse races at the Mahalaxmi Race Course. Living in Nepean Sea neighbourhood these sports complexes are just leisurely walk away.

As a parent, your child’s education is available literally at doorstep. Nepean Sea Road sets the right ambiance where your child can progress socially and intellectually with world class training from reputed educational institutions like Orchid International School, Bombay International School (BIS), Gopi Birla High School, etc. all located in immediate vicinity.

Commuting in Nepean Sea Road is a leisure activity. In addition to the smoothly paved roads which are completely gutter free, you also get to ride alongside almost every brand of luxury car in the world. A life amidst the richest Indians is a thing you can take for granted in Nepean Sea Road.

Coming to public transport, the region is blessed with a well-established network of roadways and railways which reach out to almost every notable destination in the city. The Western railway also offers great connectivity within Mumbai and South Mumbai. There is an efficient private system of transport consisting of taxis and rickshaws which you can rely on for a less than luxurious way of transport.

Undoubtedly, Nepean Sea Road is one of the mist affluent residential regions in Mumbai and whole of India. Capital appreciation of properties is estimated to happen in multiples of five or more given the swanky location and facilities in the region. A short stroll around and you will know how comfortable, liveable, luxurious and magnificent living in Nepean Sea Road is. The waves await your homecoming. 

Shailja is an Indian housewife who loves to write on Real Estate. She is a regular contributor to the columns of many property magazines and also IndiaProperty.com

 

South Chennai Sees Maximum Residential Building Projects This Year

Where there is demand, there is development. With a huge demand for residential areas in Chennai, places throughout the city have been sited with new projects. Among all the favored locations, the areas in the southern part of Chennai are seeing tremendous development. Localities such as Medavakkam and Pallikaranai are in the top of the list of targeted places.

The executive vice president and zonal head of DLF Home Developers Ltd, Mr. K. K. Raman shares his views about the development in south Chennai. He says," If you see the center of activities, south Chennai hogs all the limelight today. This will continue to do so, as the scope for growth in the region is immense." He also added, "Just 10 years back, Tambaram was considered as the end of Chennai but now thanks to the extensive transport facilities and numerous educational institutions, the region is one of the busiest areas of the city. With the introduction of metro, the real estate scene of South Chennai will undergo rapid evolution."

In the current year, about 60% of the residential constructions have taken place in south Chennai while the remaining was split between north and west. The Grand Southern Trunk (GST) Road and Old Mahabalipuram Road (OMR) have seen the maximum growth in the current year. Huge construction companies such as Akshaya and Purvankara launched their new projects in Pallavaram, Perumbakkam and Kelambakkam. With the city’s limit being extended farther, vicinities in south are more concentrated than the heart of the city. Just as the central and north parts are being crowded, it is only natural that the residential growth will be concentrated on the less dense southern parts of Chennai.

The growth of IT companies and industries is one of the prime reasons for this rapid and steady advancement. Blooming companies in Velachery, Madipakkam and other areas encouraged working professionals to settle down nearby. Entertainment and recreational amenities such as malls, theaters, clubs and resorts located nearby, allow families to spend time together on weekends. Presence of renowned hospitals, restaurants, banks and other essentials are added advantage. Furthermore, availability of excellent schools and colleges nearby make these areas suitable for families. Rich cultural activities with presence of famous temples, churches and mosques also make a strong case.

Excellent connectivity via roadways and railways provide an easy and smooth connection with the city’s interior. High frequency of buses, trains and recently added metro trains allow you to navigate through places with great ease. Peaceful environment and friendly neighborhood make them the much preferred localities real estate in Chennai.

Affordability even with high facilities in par with main city makes south Chennai a favorite among everyone. With the price value remaining reasonable, real estate companies are launching multiple projects targeting middle class people. Projects ranging from 25 lakhs to 1 crore will be perfect for families of any financial background.

To sum it all, with the future of industrial and domestic development concentrating on the southern part of Chennai, these areas will be experiencing exponential growth in residences.

Ghodbunder Road in Thane is the new realty hotspot

Ghodbunder Road in Thane has opened up new venues to many home buyers who are looking for pocket-friendly homes. In spite of the swift infrastructure developmental activities in and around this place, it has managed to remain nominally priced. People who have been watching the developmental activities in Mumbai are well aware of the fact that Thane has grown from one of the small suburban towns located at the peripheries of Mumbai to a metropolis that can take care of its needs all by itself. This place with integrated townships, expansive flyovers, broad roads, high-rise structures and uninterrupted highways has attracted both property developers and buyers that it has boosted the whole realty scenario.

Ghodbunder Road is nearly twenty kilo meters long linking the Eastern Express Highway and the Western Express Highway, the two arterial roadways of Mumbai City. The Western Express Highway is the one that begins at East of Bandra and turns into the National highway heading towards Gujarat, while the Eastern Express Highway begins at Sion and ends at Thane. Apart from offering swift access to various small-markets such as Ghatkopar, Bhandup and Mulund, this road route enables reaching Mira road from Thane in no time.

In a move to further more improve the locality’s infrastructure and connectivity facilities, development authorities has decided to come up with a monorail network that would act as a supportive service to the proposed Metro project in the region. The Metro corridor is believed to extend from Kasarvadavali to Wadala on the Ghodbunder Road.  Residents are less likely to face traffic woes. Thanks to the Kapurbawdi Flyover that has been put to use to ease traffic congestions. With quick development in the cards and availability of huge land layouts, this area has received the attention of various reputed property developers. Puraniks Builder, Vijay Group, DS Group, Runwal Group, Harmony Lifestyles Group and Rosa Group are some of the property developers who are already present in this region. Due to this, the probability of finding a wide array of housing choices ranging from one bedroom apartments in thane to duplex bungalows has increased considerably.

Ghodbunder Road is also witnessing more commercial activities. Needless to say that, this area is mushrooming with more malls, retail outlets, banks, showrooms and corporate offices. MGM IT park is supposed to be one of the major business centers to begin its operations soon. Observing the prevailing situation in Thane near Ghodbunder Road, realty experts firmly believe that the prices of properties in Thane to appreciate by nearly seven to ten percent. At the moment, the worth of newly built multi-storey apartments in thane range from Forty lakh rupees to two and a half crores while the average property values are found to be in-between eight thousand and ten thousand per square feet range. When compared to the capital values of properties situated in the middle of Thane, the worth of the properties situated near Ghodbunder Road in thane is very insignificant. No wonder, property buyers are eager to grab their share of opportunity before it is too late.

Steps for hassle free registration of a property

Property registration is the final agreement between the buyer and seller. In India, registration of a sold property is mandatory by law. The government and the law will not cover any legal issues or otherwise faced by the owner if the property is not registered in his name. The law will not recognize unregistered owners to a property even if they have paid in full. This is specified by law to protect the land owners. A person acquires rights to the property only after the sale deed is registered.

The registration process of a property happens at the respective Sub Registrar office of the locality in which the property in question is located, be it rural or urban area. The following are the procedures associated with the land / property registration in India.

Title Verification:

Though not a mandatory process, it is highly advisable that any prospect owner gets the title of the property duly verified by a person practicing law. The buyer has the right to demand for the photocopy of the documents related to the property for verifying the title by a lawyer or a civil consultant.

In most cases, if opting for a home loan, the bank or the financial institution will check the title and only then issue the loan. If the title is not clear of issues, the loan will not be issued. However, it is the responsibility of the buyer to authenticate his purchase even before making the payment.

Sale Deed:

The sale deed has to mention all the specifics related to the property. If the land has any construction on it, the exact specifics have to be mentioned at length. The preparation and attestation of the Sale Deed is done on proper stamp paper by an authorized attorney. The buyer will have to bear the stamp duty and the amount varies based on the locality.

At the Sub Registrar:

Locate the associated sub registrar office with the help of the seller, developer or the person preparing the sale deed. Get a prior appointment from the authorities and stick to it. These days, the computerization means you are given a token number for your appointment. Do not miss it at all costs!

Document Submission:

A thorough verification of the documents is done by the sub registrar and the registration process is followed to the T as per the Registration Act of 1908. Post registration the documents can be collected in person by the owner after signing a dispatch register at the desk. If the owner is not present, a letter of authority (also attested) can be given to a related person.

Title Mutation:

Once the registration is completed, the title of the property becomes the property of the owner. The owner can then get the title of the property transferred (or in this case termed as mutated) in his name at the local Municipal authority.

Without the legal registration of the property you will not be entitled as the owner so register as soon as the payment is made.

About the Author:

Frank is a retired service man who loves to impart his knowledge on property investment through sites like indiaproperty.com

Does real estate price in Delhi NCR increases?

The real estate market in Delhi have always been very volatile in the recent past due to supply and demand dynamics. If you have bought a flat in Delhi in the last quarter of last year, then you maybe a lucky one as it was the best time to buy a house in Delhi. During last quarter of the year 2014, the secondary market prices of properties in Delhi witnessed a dip of 25-30 per cent due to inventory pile up. This inventory pile up made investors go out of cash and made them to sell properties in Delhi for a comparatively lower price. Though these prices were not too low but were little less when compared with peak prices that prevailed in the first half of the year 2014. Though this statistics shows that this year started off with real estate being favourable for the potential home buyers, buyers were not still happy with the prices as the capital city has the highest of prices even for not so prime areas in Delhi.

The April- June quarter of the year 2015 has seen a rise of just 1% in the real estate prices in Delhi NCR. Even though the inventory pile up and subdued demand were still showing high in Delhi, this rise is just by 1 percent which is very insignificant. The property prices in South Delhi fell by 2% while North by 5% and West Delhi dropped by 8% according to the Delhi real estate market.

Meanwhile the government of Delhi cleared the decks of land pulling it the suburbs of Delhi two months back which have helped in bringing down the property prices by 15 to 20% in the next two years in Delhi. This land acquisition by the government will make abundant of land available for affordable and low-budget housing projects in Delhi. It will also help in expanding the urban limit of Delhi region. It is expected that if the builders offer required inventory on a steady phase. When high prices of properties in Delhi meets less demand then obviously the real estate sector will have a declining trend, which is now currently happens in the Delhi NCR. 

The Delhi Development Authority recently came up with the Delhi Master Plan-2021, according to which it will work along with private sectors to urbanize about 20,000 hectares of land. When this urbanization starts, there will be about 1.4-1.6 million dwelling units in the outskirts of Delhi. This plan aims at bringing a house to meet the growing population of Delhi which may strike a high rate of about 23 million in the year 2021.

The recent survey in Delhi and NCR including Noida and Gurgaon indicates that there are about 1.7 lakhs of unsold flats in these regions. With this inventory pile up going high on numbers, prices of flats in Gurgaon has went down by 25%, flats in Noida by 30% and flats in Delhi by 15%. These ups and downs in Delhi real estate market have resulted in a crucial differences in the prices here.

Investment in Sarjapur Road gaining popularity

Investment in Sarjapur Road gaining popularity Sarjapur road in Bangalore has become one of the leading realty hotspot of the city owing to its close proximity to IT corridor. This rapidly developing location has attracted towards it many investors to launch new projects to cater to demand of the buyers. With major IT companies setting up there campus here, the real estate development in this area has gained immense popularity among all working professionals. It is located very near and well connected to IT corridors in Whitefield (15 km), Electronic City (19 km), Outer Ring Road (16 km), Marathahalli and Koramangala. This proximity has helped boosting real estate in Bangalore Sarjapur road. The affordable prices of plots and flats for sale in Bangalore Sarjapur Road have also contributed to the high demand and absorption rates. 

The real estate in Bangalore Sarjapur Road is stimulated by end users that mostly include IT professionals. Major developers such as Yesvee Estatesm, Asset Builders, Prabhavathi Builders & Developers and Sai Vandana Properties have already launched their projects here due to high demand in this area. 

Close proximity to IT companies

Though we have discussed a lot on this, yet it makes the most compelling reason for rapid real estate growth in Sarjapur Road. The proximity to various IT clusters including Whitefield and Electronic city, this locality also sees development of various micro-markets. With Wipro, HP, Cisco and Accenture and other multinational companies has made the growth of floating population here. People who work in these IT clusters prefer to buy a flat for sale in Bangalore Sarjapur Road due to their affordable prices and easy accessibility. This has made this area a major residential spot for IT professional and other individuals as well. Apart from IT corridors, it also have other required social infrastructure such as educational institution and hospitals that have lured many people to shift base here. 

Affordable prices

The prices for apartments and plots for sale in Bangalore Sarjapur Road are comparatively low when compared to the prices in the city. You can buy a 2 BHK flats n Sarjapur Road with a per square feet rate of just Rs. 4500 to 6000. This locality's real estate is driven by end users mainly because of its affordable prices. Along with good schools and hospitals, and retail outlet, Sarjapur road is a sure realty destinations for many now and in future as well. There are a lot of plots for sale in Bangalore Sarjapur Road are available for affordable prices for builders making luring them to start various new residential projects here. With such affordable capital values, most of the ready to move projects fits precisely inside the budgets of mid-income group buyers.

Affordability and close vicinity to IT clusters have made Sarjapur Road a better place to invest. Not just apartments, it also has row houses, villas and plots for sale. It also has good capital value appreciation, so you can also buy plots for sale in Bangalore Sarjapur Road to gain good return of interest.