Steady growth of real estate in Ghaziabad

Called as the “Gateway of Uttar Pradesh”, Ghaziabad is the fastest growing city of the country. It is a planned industrial city, which is complete with well-connected roads and railways. With a developed infrastructure, educational institutions and health centres, Ghaziabad is a perfect place to live in. With so many housing clusters such as Indirapuram, Vaishali, Vasundhara and Kaushambi, Ghaziabad provides affordable housing for its people. There are several new projects coming up in these areas that cater to both middle income group of people and high income group of people.

The major realty growth in Ghaziabad is mainly contributed by the NH-24 and NH 58, which are gaining popularity for residential properties in Ghaziabad. As the locations around these highways are located near to Delhi and also has various infrastructural developments, they boost the real estate of Ghaziabad. Also the availability of flats in Ghaziabad at affordable prices have attracted potential buyers to it. Both residential and commercial development happens mainly near these two highways. In short you can say only NH24 and NH-58 helps in keeping the Ghaziabad real estate in peak.

The Metro line that runs in Vaishali at Arthala has made a positive impact in its real estate... Also the multilateral flyover at Ghazipur Chowk, a flyover at Mohan Nagar Chowk connecting NH-58 and a link road connecting NH-58 to the residential zone at Raj Nagar Extension all offer easy and convenient connectivity between different localities of the city making people to invest in any of these areas without the fear of accessibility. With a launch of several new projects in NH-24 and NH-58, these area came into prominence in real estate in Ghaziabad.

Located in close proximity to Delhi, Ghaziabad has a mixture of people from different culture and classes that help in increasing demand for both affordable and premium flats in Ghaziabad. So people who work in the other costly cities around Ghaziabad such as Noida and Greater Noida prefer to stay here due to its connectivity and affordability.

Investors in Ghaziabad also follow a particular trend to keep moving with the growth of real estate in the city. They prefer to buy newly launched properties in Ghaziabad and sell them within a short span of time. In this way they try to increase the appreciation rate of properties. For instance if an investor buys a property today for Rs. 30 lakhs, try to sell in in a period of three to four months to a Rs.40 to 45 lakhs. This helps them in constant cash flow and in increasing the rate of appreciation of properties.

Not just investor played a main role in improving the real estate sector of Ghaziabad, but also the government. The government helped in improving and promoting the industrialization in and around the highways. Apart from residential areas, industries, logistics, production units, environmental protection facilities, public utilities, social infrastructure and administrative services help the real estate thrive in these areas. Hence the demand for residential apartments in Ghaziabad increased with time. These areas witnessed a lot of residential projects launching at a rapid speed.

Powai is turning out to be one of India's startup hub

The startup revolution in India is just mushrooming at a greater speed. Though metro cities serve as a best ecosystem for startup hubs, even non-metro cities such as Powai and Kormangala have also become a best ecosystem for new, upcoming hubs. As many cities across the country have started the race in becoming a powerful industrial and financial base, it is too early for us to decide on one city that could beat the other cities in the race. With these financial and industrial development, the real estate market in those areas are definitely going to be profited to a greater extent. The prices of Mumbai properties, properties in Bengaluru, Chennai and Kolkata are on the verge of rising.



The prime reason for Powai to turn into a thriving startup hub is its close proximity to the IIT Bombay. The fresh and talented graduates from IIT Bombay are keen on developing new business and online sites. With these development of new companies, Mumbai is turning out to the future face of India's economic growth, which in other way has enhanced its growth in real estate sector. The properties in Mumbai have rising prices that go high each and every year.

Powai, the developing business hub has so many people with innovative ideas, technical knowledge, and knowledge about business in local and nationwide. Located in close vicinity to IIT Bombay, it is a house of talented and enthusiastic graduates who wish to grow up in their own, new business. For instance the Housing.com, an online property search site was first started in a dormitory in Mumbai by 12 IIT Bombay students in 2012, now it gives its service to about 40 cities in India. These kind of startup companies have attracted many Venture Capital firms such as Sequoia Capital to Powai. The costs and groundwork of starting and conducting business in Powai seems to be in a reachable distance for all energetic graduates. With such startups, the flats in Powai have now drawn interest from many potential buyers.

Various other startups in Powai region include Instamojo, TinyOwl, Toppr, OpenTable, Belita, Purple Squirrel, InOpen Technologies, Enelek, and MoFirst. Every year Mumbai had earlier seen only 5 investment proposal but it has increased to about 50 mainly due the IIT Bombay students. There are several ventures from IITB alumni such as Olacabs, Housing.com, and more. The affordable rentals available in Powai have made many IITB graduates and entrepreneurs to stay there and start up their ventures. These factors have helped Powai to become a successful commercial city.

Powai has not just stopped from becoming one of the birthplace of several renowned companies, it has also emerged as a best residential location for many. The huge number of properties in Powai and upcoming flats in Powai are visible examples for its residential development.

These startups have not just made Powai proud and popular, but also the Mumbai city. There are several Angel Investment firms and mentors in Mumbai for those enthusiastic startup founders and entrepreneurs in and around Mumbai.

North Chennai is the best place to buy a flat in Chennai

Villivakkam
To buy a flat in Chennai which is located in Villivakkam one would have to spend INR 5000 per square feet on average. Buyers are willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 40 to 50 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 4001 and 4500 per square range and the INR 3501 and 4000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. 3 BHK apartments in Chennai which are situated in this locality come in second demand wise. This is followed by the 1 BHKs. The most sought after unit size for properties falls between 501 and 750 square feet. This is followed by the 751 and 1000 square feet range and the less than 500 square feet range.

Avadi
To buy a flat in Chennai which is located in Avadi one would have to spend INR 3400 per square feet on average. Buyers are willing to spend anywhere between INR 10 to 20 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 2001 and 2500 per square range and the INR 2501 and 3000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Ambattur
To buy a flat in Chennai which is located in Ambattur one would have to spend INR 4100 per square feet on average. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 3501 and 4000 per square range and the INR 3001 and 3500 per square feet range.
 
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Noida witnesses rapid growth

Noida real estate market is gearing up for the New Year and things seems to be looking up for the realty market in Noida and other cities part of the National Capital Region. Ease in the FDI reforms, implementation of the REITs and a number of infra developments in the country has really created a lot of opportunities of builders and home buyers alike. The realty market in the National Capital Region has gained necessary momentum in the recent past. Noida and Gurgaon are two regions that will see the most amount of stability this 2015. They are mature real estate markets and the things will definitely see an interesting turn of changes.

Santhosh Kumar of JLL India says to Money Control that, “Various recent announcements and the infrastructure uplifts of the city have made Noida's real estate market increasingly attractive. What favours investors entering Noida is the lower pricing factor, which now promises better appreciation and returns on investments. The realty market in Gurgaon has now crystallized into one most favourable for buyers in the premium segment. But the other side of the coin is that the high price points in Gurgaon suggest that properties there will no longer fetch high rates of appreciation. With the fast-paced development in infrastructure in Noida and its vicinity, real estate growth has really picked up over the past few years.”

Many new projects have been charted out in the National Capital Region which will help in the appreciation in the price of properties in Noida. The extension of the metro line from Dwarka-Noida to Pari Chowk if completed will have a huge impact in the realty market and improve the prospects of residential apartments in Noida. However this project will only have long term implications as the assignment will only wrap up by the year 2021. The Noida Metro Rail Corporation has secured approvals for a 29 km long metro link between Greater Noida and Noida. This project will be a game changer for properties in Noida. Although one must not expect overnight returns and be prepared to stall selling of property to the right time.

On the other hand apartments in Greater Noida, an extension to Noida has posed an opportunity to establish their own power plant which will add to the number of infrastructure projects in the region, thus improving the overall appeal of the city. In fact Greater Noida has attracted a lot of investment in the in the luxury housing sector. Top builders like Supertech Ltd, 3C Company, Prateek Group, Lotus

Greens and Wave Infratech have projects in the locality starting from INR 3000 to 4000 per sq. ft. With improving infra and improving connectivity in the region Noida and Greater Noida are emerging as joint players in the race for realty demand in Noida. Projects of economic importance like Export Promotion Zone and Taj Economic Zone is predicted to give these areas a complete realty makeover. Time will tell how the consumers respond to this.