Infrastructure to enhance real estate in Hyderabad

The city of Hyderabad is set to undergo a mammoth change in terms of infrastructure. The government of Telengana is planning to give the city a major infrastructure overhaul. The state government is planning to pump in nearly INR 21000 crores into revamping the infrastructure of the city. This is akin to giving the city the much needed face lift it deserves.

The main aim behind this move is to make the city more attractive to investors. Multiple reasons have worked against the city and have worked towards destroying investor confidence towards this city. The most important reason was the political unrest which was plaguing the state of Andhra Pradesh. The demand for the bifurcation of the state and the resultant unrest ensured that the city got little to no developmental projects. This unrest affected the real estate segment as well. But with the bifurcation of the state, the city has gotten a new lease of life. There is a clear path set in front of the city now and there is hope that things will take a turn for the better here.

The government of the state of Telangana is planning to develop multiple projects in this city. A series of skywalks, major corridors and flyovers are set to hit the city. This will not only be of great use to the common man, they will also serve to enhance the real estate profile of the city. Prices for properties such as plots and residential apartments in Hyderabad will go up once these projects start rolling out.

The money will be obtained from both state agencies and the central government. The money will be doled out over the course of the next five years. The initial plan is to pump in about INR 1500 for the first year alone. Focus has been given to transportation related infrastructure. The plan is to develop six-lane roads, ten highways, and grade separators in the very first phase according to reports of indiaproperty.com.

There is a large amount of unsold inventory in terms of new apartments in Hyderabad. Realtors are trying to get rid of this unsold inventory. The real estate market here has been going through a slump for the past few years. The news of these new infrastructural projects will give a good boost to residential apartments in Hyderabad. This market was expected to recover in 2014, but that did not happen as end users and investors chose to stay away.

But things are expected to turn for this city in 2015. Most experts predict that the market might just recover in the first quarter of 2015. Then there might be demand for new apartments in Hyderabad. Currently the market is very buyer friendly as most of the real estate here can be picked up for really affordable rates. But this might not be the case in a few months’ time experts say. Taking into account the infrastructural developments that are going to come up, now might be the perfect time to purchase properties in this city.

Greater Noida – What is making this property hub tick

The Delhi National Capital Region has a few pockets of growth which are attracting the attention of buyers. And if they are attracting attention of the buyers then there is probably only reason for it and that is affordability. If any city or town which has affordable residential options, buyers, developers and investors will flock to it in droves. And who can blame them as property prices have reached unimaginable heights and are well out of the reach of the lower income and mid income buyers.
One such pocket of affordability is Greater Noida. It is a town located in the Gautam Budh Nagar district of the state of Uttar Pradesh. It is located at about 48 km from Delhi.

Buyers are gravitating towards 2 BHK apartments in Greater Noida. A vast majority of those who are looking for a property for sale in Greater Noida are looking at this flat configuration. The next configuration that they seem to like are 3 BHKs. The third choice among those who are looking for a residence in this market seems to be 1 BHKs.
Buyers in this market seem to prefer flats which are small to medium sized. There are completely ignoring the large sized flats. This could possibly be because the demographic which is looking to move into homes here is looking for smaller properties which fit into their budget range. The most preferred unit size for flats here falls below the 500 square feet range. The second and third choices here are the 751 to 1000 square feet range and the 1001 to 1250 square feet range.
 
The most popular budget ranges for apartments in Greater Noida falls between INR 10 to 50 lakhs here. There is clearly a great clamour for affordable property for sale in Greater Noida. Within this the most preferred budget range falls between INR 20 to 30 lakhs. The second most preferred budget range falls between INR 10 to 20 lakhs and the third most preferred budget range falls between INR 30 to 40 lakhs.

Since the market is mostly on the affordable side, the buying pattern of property seekers here also matches this. Buyers are willing to spend less than INR 2000 per square feet on homes here. Mostly buyers are willing to spend up to INR 4000 per square feet on residential options here. The second most preferred budget range here falls between INR 3001 to 3500 square feet. This is followed by the INR 3001 to 3500 square feet.
 
There are some other factors that are increasing the demand for properties here. The area is  popular because it is a known industrial hub and hence is an employment generator. Many players from the across major sectors such as Information Technology, power and oil are present here. This fact alone makes Greater Noida a great destination for those who are looking to invest in properties in Delhi National Capital Region. Metro connectivity is also another great factor that is affecting the property market here in a positive manner.

Why flats in Guduvanchery are a hit among buyers!

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. 

FAIRPRO ONLINE – The First True E-Commerce Property Buying Platform

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.

Why a property for sale in Gachibowli is the right choice

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. 

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.

Kelambakkam emerges as an affordable real estate hub in Chennai

Kelambakkam is an emerging micro market located on the Old Mahabalipuram Road.  It is surrounded by areas such as Padur, Kovalam, and Pudupakkam. This micro market lies in close proximity to areas such as Siruseri, Navalur and Uthandi. The Vandalur-Kelambakkam Road also passes through this locality making it easily accessible to localities on the Grand Southern Trunk Road like Vandalur, Guduvancheri, Tambaram and Perungalathur.

The area’s main draw lies in its location and the affordability of real estate available there. It is easily accessible through the OMR, GST and the East Coast Road. Since it is located on the Information Technology belt of OMR and is especially close to Siruseri which houses the SIPCOT Industrial Park, there is a lot of demand for properties here from those who are employed in this sector. There is also great demand for rental properties here because of the same reason. The rental rates here stand at INR 13 per square feet on average.

Flats for sale in Chennai located in this micro market fall squarely in the affordable category. The property rates for apartments locates in this micro market stood at INR 3700 per square feet on average in the first quarter of 2014. The prices had appreciated by about 11% when compared to the last quarter of 2013 when the prices stood at INR 3400 per square feet on average. In the second quarter of 2013 the asking price for apartments here stood at INR 3100 per square feet on average which was a drop of about 13% when compared to the previous quarter. The prices shot up by 71% in the third quarter of 2013 and stood at INR 5300 per square feet on average.

Chennai Real estate were priced at INR 4300 per square feet on average in the first quarter of 2014. This is a drop of a mere 3% when compared to the previous quarter when the asking price stood at INR 4500 per square feet on average. In the 2nd quarter of 2013 the asking price for villas in Kelambakkam stood at INR 7700 per square feet on average which was an increase of about 68% when compared to the previous quarter. The prices only dropped by about 1% in the next quarter and stood at INR 7600 per square feet on average.

The most sought after apartment configuration here are 2 BHKs. This is followed by 3 and 1 BHK flats for sale in Chennai located in this micro market. The most desired unit size for apartments here among buyers falls in the less than 500 square feet range. This is followed by the 501 and 750 square feet range and the 751 and 1000 square feet range. Buyers are willing to spend anywhere between INR 10 and 20 lakhs on apartments here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. The most ideal budget range for flats here falls below the INR 2000 per square feet range.