The Real Estate Scenario in Sarjapur Road Bangalore

One of the fast-growing suburbs around Bangalore city is Sarjapur. Located in the south east of the city, this locality is now the hub of IT companies and manufacturing industries. The growth of IT and IT-based companies in this area has led to the spurt of development of residential flats and apartments. This is because most of the people who come to work in these companies are not natives of this city, but come from all over the country. So, all of them are looking for hostels, PGs, and houses for rent. They prefer to look for a place that is close to their company as it reduces the daily commute. Moreover, the cost of living in this suburban area is less compared to living in the city.

Let’s take a detailed look at the real estate scenario in Sarjapur Road Bangalore. If you are looking at the availability of commercial space, Sarjapur has plenty to offer. There are ample number of Grade A offices suitable for large companies. Plus, there are many commercial building projects in the pipeline. The biggest advantage for real estate development in Sarjapur is that there a lot of space to move. Buildings, either residential or commercial, cannot be constructed unless there is space. With the spaces in the city and the other suburban areas slowly filling up to the brim, the overflow is gradually moving towards Sarjapur road.

IT companies like Cisco, Wipro, HP, Cape Gemini, Accenture and Infosys have their offices in this locality. These companies have brought with them an influx of new residents. There are nearly 2 lakh employees working in these companies. So, there is a demand for 1 BHK and 2 BHK homes in this area. The emergence of the residential areas have also led to the growth of hospitals, malls, shops, banks, ATMs and other types of commercial establishments.

As the property values in this area is affordable when compared to the other parts of the city, many of the employees are even purchasing property instead of just going for rent. Taking into fact that Sarjapur has a sharp appreciation value, investors are confident that they will get good returns on their investment.

Connectivity is one of the most important reasons for the development of this locality. Located on the Outer Ring Road, Sarjapur can be easily accessed from the city or other suburban areas. Plus, it is easy to travel to Kolar, Hoskote, and Hosur (to Tamilnadu) via the National Highways. So people who have come from other states or other parts of the state find it easy to travel to their home town.

Statistically if you check the real estate in Sarjapur, you will note that it has seen an appreciation of nearly 7 percent over the last year. The property value has also been steadily increasing over the years. On the whole, the real estate scenario in property in Sarjapur Road Bangalore looks promising. With many construction projects in the pipeline and the development of the IT clusters, this place is sure to develop further in the coming years.

Top Builders in Tambaram

The real estate boost in Chennai brought with it a number of builders, developers and construction firms. There are some firms that were started with professional backup and run like corporate companies. You will also be able to find construction firms in Chennai that were started by people who are already in the construction business for generations. So, the company is run like a family enterprise. It doesn’t matter what type of company the firm is, what matters most is their reliability, performance and track record.

If you are planning to buy a constructed property in Chennai Tambaram, then check out these building firms. It is always good to go for a reputed firm that has completed a few projects in the city. Then you will be able to check out the track record of their previous projects to get an idea of how they work. Let’s take a look at five of the well-known builders in Tambaram area.

Amarprakash Developers

Established in 2004, this building firm has been actively involved in constructing huge apartment complexes in many parts of the city. One of the top building firms in the city, Amarprakash Developers Private Limited has many completed projects in its kitty. This firm believes in using advanced technology to deliver quality results to clients. Some of its current projects are The Royal Castle and Palm Rivera in Chrompet, The builder is also working on a huge project named Temple Waves in the same locality.

Brownstar Developers

With more than 2 decades of experience in the construction industry, Brownstar Developers have created many landmark destinations in the city. The construction firm takes care of everything from designing the residential building to getting all the relevant certifications and constructing it. Some of their completed projects include commercial and residential buildings in various parts of the city. Currently, this firm is constructing an apartment complex in Tambaram.

Adroit Urban Developers

Established by Gaurav Goenka, Adroit Urban Developers is one of the top builders in this locality. Originally from the garment industry, Goenka expanded into real estate and set up the construction firm. The company believes in providing high-quality results on time, every time. This builder has not just constructed buildings in Chennai, but in Coimbatore as well.

Agni Estates

Agni Estates is a real estate and construction company that was established in 1992. The years of experience have brought with it the knowledge and expertise to provide the best service to clients. Its current project in Tambaram is a huge apartment complex named Shree Lakshmi. This builder also has projects in Perungudi and Ambattur.

Pace Builders

Having constructed buildings over 10 lakhs square feet of lands and planning to construct on 20 lakhs square feet of land, Pace Builders is a popular building firm. The construction firm believes in using the state-of-the art equipment, specialized workforce and modern technology to ensure the best results are achieved. This Chennai-based property firm currently has two ongoing projects, one in Seliyur and the other in Tambaram. Pace Builders is also working on a project in Anna Nagar, Chennai.

Booming news for buyers - Price drop of properties in South Chennai

For people living in South Chennai who are looking for investing in real estate this is the prime time. With the recent drop in prices the cost of real estate has really climbed down making it the opportune moment for people who want to invest in the market. The government’s new policies have made buying property a lot easier. Now you will not have to go through all the complicated paper work but you can get the process started and get your dream apartment in a seamless process.

Why you should invest in real estate

The city is still growing and most of the development is happening on the south section of the city. The major education institutions are located in the close vicinity and this makes south Chennai one of the best places to live in. In terms of living standards, the city ranks as one of the top cities of the country. The city has been going through a sharp rise in property market for the last decades. This is the first time that the place has seen such drastic drop in property market. This is mainly due to the new policies of the state government. A lot of new housing complexes are coming up in the recent months and that has also helped in pushing the price down because of the competitions. You can get the best deal if you by an apartment in one of these housing complexes because they come with all the modern amenities and luxuries. Due to the increase in the competition the developers are selling the apartments and other similar property at a much lower rates than normal. You will be able to get a flat with all the luxuries like swimming pool, gym and other similar facilities and it will be perfectly within your budget. Depending on how much you are willing to shell out, you can also get studio apartments and low budget apartments.

Things to look out for

When you are going to invest in some real estate in and around South Chennai you will have to be careful in some areas. You will have to find out how well connected the place is. There are many different modes of transportations that are available in the city and the metro link is one of the major mode of transport. So places in around the metro stations are priced much higher than the rest of the places but even the price drop has affected the price of these regions so you will be able to get a place without much hassle.

You will also have to talk with the previous owner if you are buying a secondhand property in chennai and find out if there are any kind of problems associated with the infrastructure. For buying a brand new apartment you will have to talk with the developer and find out all about the facilities that are available. Depending on the location you can get a very good deal if you decide to purchase now.

Real estate investment in Kondapur and Miyapur

The real estate market in Hyderabad is catching up pace providing tough competition to other metros in the South. Many corporates and real estate investors are interested in investing in Hyderabad quite some time now. The main reason behind the revival of real estate in Hyderabad is that both commercial and residential real estate is economical in Hyderabad, which lures investors and buyers. The residential capital value here is lesser than that of other metros. With several already existing IT corridors along with several other IT giants to set up their campus in and around Hyderabad, the real estate here is gaining momentum. Many suburban area of Hyderabad are now flourishing in both residential and commercial real estate such as Kondapur, Miyapur, Gachibowli, Kukatpally and Manikonda.

Real estate in Kondapur

If you are looking for affordable properties with a good appreciation and return of interest, then Kondapur in Hyderabad will be a wise choice. It is emerging as a popular residential hub in Hyderabad. Located closely to the busy business districts of Hitech City and Gachibowli, Kondapur micro market is turning into the most preferred investment destination.

Kondapur is located in between three major roads Old Mumbai Road, Gachibowli-Miyapur Road and Hitech City Road making it easily accessible from various parts of Hyderabad. It is also bridged to the Mumbai Highway via Gachibowli-Miyapur Road. The nearest railway station is the Hitech City railway station, which is about 7 km away from Kondapur. Its infrastructural development is also satisfactory with various reputed schools, international schools, colleges, hospitals, banks, shopping centres, and entertainment with various parks and botanical garden.

The residential capital value of Kondapur ranges between Rs.2500 to Rs.3800. Kondapur also yields high rental values when compared to its neighbouring localities. 

Real estate in Miyapur

Miyapur is a part of the municipal corporation of Greater Hyderabad. For people who search for modern lifestyle outside the city limits or in suburbs, Miyapur is an ideal location. It is a scarcely populated area with moderate amenities. But its close proximity to the IT corridor in Hitec City makes it an ideal investment destination for professional population working in the nearby IT companies. From plotted developments to large attractive apartments, Miyapur provides all sorts of investment options to buyers. Talking about the social infrastructure, Miyapur has a good number of schools, hospital, banks, shopping centres and restaurants. So ideally people who work in nearby IT and public sector industries prefer to buy plots or apartments for sale in Miyapur.

It is also well connected to other regions in Hyderabad by public transports and also has the Hafeezpet railway station at just 3 kilometres away. Moreover people in this region does not face any water scarcity or electricity issues.

Affordable prices of apartments in Miyapur have also made it a wise choice among the population. You can buy a 2 or 3 BHK apartment for Rs 30 to 45 lakhs with capital values ranging from Rs. 2600 to 3800, which is very reasonable when compared to other suburbs of Hyderabad.

The growth of property market in Virar-Mumbai

Any locality whose property prices see over a 100% growth in less than a decade can be termed as a stellar place for returns on investment! The shrinking availability of space in the mainland of Mumbai in the last 6 years or so, builders and developers have been forced to look elsewhere and Virar has been their go to destination!

Geography:

While on the lookout for new realty destinations for developing apartments in Mumbai, Virar has caught the fancy of many top property builders. It is termed as the town of the future by property experts in the city. Situated close to Vasai and surrounded by other suburbs like Dahisar, Tokare, Arnala and Nalasopara East, the town falls under the district of Palghar. The area available is huge; over 100 square kms of land!

Future prospects:

With Mumbai turning out to be empty handed, there is a desperate requirement for fresher, cheaper rural towns which can take up the population of the region. This is how a place like Virar has profited. It has a well-planned connectivity with the other parts of the city, making it a real prospect for the future.

Inside of this arranging is the Virar-Alibaug Corridor Project. The undertaking has a twofold objective – firstly to unite the two towns by road, and furthermore by the metro. While the time period for this is year 2031, it is bound to happen slow, yet steady! The other arrangement is to have the monorail running in the middle of Virar and Chikhaldongri. The Rs 600-crore plan will cover the Virar-Chikhaldongri line in a couple of years or so!

Social infrastructure:

Though underrated, the area is not too bad for what is primarily going to be a residential destination for many investors. Though the area might not boast of many Malls and other hi-tech facilities, it more than makes up for all that with the coastal feel to the region! The beaches are an added advantage and the number of resorts dotting the coastline makes for a great way to unwind on a holiday than jostling through the hustle and bustle of a mall.

There are a few amusement parks too which break the monotony of activities. A few heritage spots like the famous forts of Arnala and Vasai make it interesting for those who like a mini trek. The locality is also known for a number of lakes that are present - Achole Lake, Nirmal Lake, Bhuigoan Hill Lake, Nandakhal Lake, Gassa Lake, Gorlai Lake and Varmala Lake all make for a good vacation spot for families.

Financial Gain:

Let’s face it Virar might not be the primary residential destination for many Mumbaikars. But, the possibility of buying a house here and renting it out for income is a smart move! Localities like Dahisar in Virar offer good deals on rent with 2 bhk apartments in Virar fetching as much as 20,000 INR a month on rent alone! So, go ahead and pick out an apartment in the hottest upcoming locality of Mumbai and be pleased!

Author Bio:

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