High properties prices in central localities push developments along peripheries in Mumbai

If you are one of those who are keen on making a realty investment in those localities that promise high returns, Mumbai is the place for you. But the skyrocketing property prices might push you to head to suburban localities- however, one locality that is brimming with realty activity is Mira Road. Located in the western peripheral of Mumbai city, the locality is luring many home buyers thanks to its housing stock. Real estate developer with both national and local developers are coming with various realty projects and are offering an array of apartments for sale in Mira Road ranging from being economical to ultra luxurious.

Well equipped with basic civic amenities, the vicinity is fast becoming one of the most sought after residential catchment area. The existence of many schools, colleges, super markets and reputed healthcare units make this locality a self sufficient neighbourhood. Apart from these, the presence of many shopping malls and many movie theatre have roped in a pool of cosmopolitan crowd. A property at Mira Road that was once barren today hosts a high rise apartments that boasts of having all the modern day amenities that meet the needs and demands of the urban crowd. Its connectivity is another factor that is fuelling the realty demand further.

Enjoying a seamless network- Mira Road is easily accessible to other parts of the city from Navi Mumbai to Thane via the Western Express Highway. While this arterial connector links the western peripheries of Mumbai city, it also links the Mumbai International Airport, which has lured many investors to invest here. Another factor that has boomed the realty market here is the presence of another important connector- the Ghodbunder Road- it improves connectivity to neighbourhoods in Thane and Navi Mumbai. Property builders are now cashing on the consistent connectivity and are creating various capital ventures. They are now coming up with projects that specifically designed for MIGs (Middle Income Group Individuals). 1 BHK apartments for sale in Mira Road are cited to fall well within the range of Rs 40 lakhs, while 2 and 3 BHK homes are estimated to hover over a price bracket of Rs 6,500 and Rs 7,750 per square feet.

While the growing housing influx has not only resulted in property prices to soar, but they have also reaped fruitful benefits. The high ROI (Return on Investment) has lured many local second time home buyers and investors to purchase many inventories here. According to recent reports, capital values of a property at Mumbai has appreciated over 30 percent in the past two years. Another element that has roped in a lot of investment is the high rental returns. Depending on the furnishings and amenities offered by the owner, 1,000 square feet homes here are capable of generating rental yields anywhere between Rs 12,000 and 17,000 per month.

Being a neighbourhood that is hit amongst middle class individuals and working professionals, the locality is filled with smaller housing units that are ideal for bachelors and smaller nuclear families, so if you want to own a property in Mumbai, without digging too deep in your pocket- Mira Road is the place for you!

South Kolkata-A bustling realty region that is luring many potential home buyers

While most of the localities within the city limits have reached their saturation point- it doesn’t come as a surprise to see distant peripheries rapidly developing. And south Kolkata has an array of areas that are bustling with construction activities. The presence of land in large tracts is luring many real estate developers to head to this side of the city. An array of apartments in south Kolkata have recently mushroomed resulting in an influx of housing demand.

Areas like Park Circus, Bhawanipore, Tollygunge, Alipore, Ballygunge, Garia. Baruipur form south Kolkata. The region is also cited to be an educational hub thanks to the presence of many educational institutions like Indian Association for the Cultivation of Science and Indian Institute of Management Calcutta. The existence of many reputed health-care facilities too have attracted many families and retired personnel to shift base here. The many recreational spots makes this region one of the most sought after places for realty investment. Local and national real estate developers are basking in the glory and are creating extraordinary apartments in south Kolkata. Ranging from being affordable to mid-segmented to even uber luxurious, one is definitely spoilt for choice every time they decide to invest here.

Some of the most preferred residential localities include Tollygunge, Garia and Ballygunge. While Tollygunge attracts many home buyers due to its modest budgets, Garia attracts many investors for its high ROI (Return on Investment). Capital values of homes in Tollygunge are expected to hover over a price bracket of Rs 4,000 and Rs 5,200 per square feet depending on the amenities and facilities offered by the builder. Similarly, properties in Garia are likely to cost an average of Rs 4,000 per square feet and the same house can generate a rental yield of Rs 15,000 per month making the locality a sought after destination for many working professionals.

Owing its development to seamless connectivity and its developing social infrastructure- the realty sector of Ballygunge is currently witnessing an upswing. The well constructed homes and the open green spaces are luring many property seekers. Capital values of properties here have escalated over 16% in the last year and the prices continue to soar. Resale flats in south Kolkata especially in Ballygunge are cited to be bankable due to its stable construction. Resale value of 2 and 3 BHK apartments here are cited to cost an average of Rs 11,200 per square feet.

With the city’s realty sector reviving, home buyers and property seekers are leaving behind their inhibitions and are investing in south Kolkata due to its high fruitful returns. These suburbs offer the perfect blend of residential and commercial spaces that are ideal to many middle class home buyers. Easy connectivity, growing commercial belt and economical property prices in Noida are luring in a pool of the cosmopolitan crowd towards this region of the city. So don’t shy away from buying a property in Garia or investing in resale flats in south Kolkata especially in a locality like Ballygunge as they are highly bankable and are capable of generating high returns.

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.