Want to invest in the NCR region? Head to Gurgaon for its affordable prices

Situated about 32 kilometers away towards the south west region of New Delhi, Gurgaon is cited to be the industrial and financial hub of the NCR (National Capital Region). Being the city with the third highest per capital income in the country- Gurgaon is fast becoming one of the most sought after destination for realty investment. Currently bustling with a number of construction activities, the city is on its way to rapid urbanization. Despite being a city that is dealing with regular power cuts, Gurgaon is attracting many working professionals from neighbouring IT parks and automobile manufacturing units.

Local and national real estate developers are cashing on this growing demand and are purchasing land in large parcels to create extraordinary living spaces. While some players like Ambience are entering the market with a world class 150 acre project providing luxury homes, there are other small time builders that are coming with an array of 2 BHK flats in Gurgaon - meeting the needs and demands of the MIGs (Middle Income Group individuals).

Connectivity too has played a major role in flourishing the city’s realty sector. Various connectors like National Highway 8 help ease access to cities like Mumbai and Delhi. The Delhi connectivity is further improved via the Delhi metro and the Rapid metro. Private auto rickshaws and taxis ease intra-connectivity. The city is located very close to one of the busiest airports- the Indira Gandhi International Airport.

Being a city that is at its nascent stage of development, the city has an array of infrastructural projects in the pipeline. The biggest being the metro. CM Manohar Lal Khattar recently announced a metro connectivity linking Faridabad and Gurgaon. The work on this proposed project will commence soon. The project has already lured many investors and the property prices along the metro stations have already started to soar. Meeting the needs of MIGs, real estate developers are now coming up with an array of housing options ranging from mid-segmented apartments to premium projects that offer state of the art amenities and facilities. Local builders are also coming up with many 1 BHK flats in Gurgaon.

Some of the active neighbourhoods include Sectors 82 and 83. Sushant Lok and Sohna Road are other residential catchment areas that are dominated with many multistorey buildings. 2 BHK flats in Gurgaon especially in these localities fall under the uber luxurious segment. Capital values of homes in these regions have already witnessed an escalation of 8.30 percent in the past one year. According to current market trends, apartments here are estimated to to fall anywhere between the price bracket of Rs 11,500 and Rs 13,000 per square feet depending on the amenities and facilities offered by the builder.

If you are one of those who want to rent out spaces rather than own one, do not worry, Gurgaon has a lot to offer you. A number of flats in Gurgaon especially in vicinities like sectors 56, 57 and DLF City Phases are available withing the budget of Rs 10,000 and Rs 16,000 per month.

Why north Chennai is beckoning home buyers

Real estate in Chennai is on more of a solid ground than its other metropolitan counterparts with the exception of Bangalore. The realty sector here is sheltered to a certain degree from the vagaries that plague the other markets. The market is driven by end users rather than investors and this is one of the reasons why the market here has remained relatively stable if not profitable. This is not to say that there aren’t any pockets of profitable investments available in the city. They most certainly are there and these micro markets are mostly in the northern part of the city.

North Chennai was once considered to be a not so ideal option to live in. It was mostly made up of blue collar workers and their families. There was little to no infrastructure present here a few decades ago. This is true of both civic and social infrastructure. But things have rapidly started changing for this part of the city in the last decade or so. The boundaries of the city are expanding to accommodate the ever growing demand for housing and affordable housing at that. Hence the northern parts of the city have gained favour among builders and end users alike.

There is huge demand for apartments in Chennai which are located in the northern micro markets. The southern and central parts of Chennai which are well developed come with a price tag which is not affordable to the common man. There are new developments happening in these areas as land availability here is very minimal. Hence the micro markets present here don’t attract as much attention from property seekers.

North Chennai is a completely different story altogether. There are large parcels of land which are available for cheap rates. The infrastructure here though not on par with the well-established localities is improving at a rapid pace. The social fabric of the northern localities is also changing with malls, restaurants, theatres and ATMs coming up at a rapid pace here.
An infrastructure project which is sure to hike up the real estate value of a property for sale in Chennai located in this part of the city is the extension of the Chennai Metro Rail project to Thiruvottiyur. The central government has already given its nod for this extension. The extension will begin from Washermanpet to Thiruvottiyur and cover a distance of about 9 km.

This extension will be highly beneficial to those who are living in this part of the city. Any area which has good connectivity is bound to have real estate appreciation. Besides bring in this appreciation to the localities in the north, this extension will also ease the congestion being experienced here in the near future.

Apartments in Chennai which are located in areas such as Kolathur, Ambattur, Madhavaram, Perambur and Avadi have been appreciating at a steady pace over the past few years. One can easily pick up a individual house for sale in Chennai located in the northern localities for around INR 4000 per square feet on average.

Why you must invest in properties in Korattur

Chennai is a market which has been which has been very traditional. It is primarily made up of end users.  These end users have ensured that the market remains speculation free. Even though the city did face a small slowdown of sorts last year, things are looking up for the realty sector in 2015.
The market which is attracting the attention of the buyers the most in this city is the northern market. There are many factors which are working in its favour. But the factor which is influencing the buying decision the most is affordability. There are many micro markets here which have caught the attention of the buyers because of the cheap price tags that are attached to it. There are still large parcels of lands available here which are being developed to give more housing options for those who are looking for homes in the city.

Korattur is a micro market which is located in the north western part of the city. It is surrounded by areas such as Kolathur, Anna Nagar, Oragadam, Ambattur and Padi. It is encircled by both established and upcoming micro markets. It is located along the Chennai Mumbai Railway line. The locality is home to the Korattur railway station. There is now growing demand for property such as a plot and individual house for sale in Chennai which is located in this micro market.

As far as properties in Korattur are concerned, 2 BHK flats are in demand. This is followed by 1 BHK apartments. The unit size most preferred for flats here falls between 751 to 1000 square feet. This is followed by the 501 to 750 square feet range. The budget range that buyers are looking for as far as properties in chennai are concerned falls between INR 30 to 40 lakhs. The second most preferred budget range here falls between INR 20 to 30 lakhs. Buyers are willing to spend less than INR 2000 per square feet on flats here. In second place is the INR 2501 to 3000 per square feet range.

The going rate for apartments here stands at INR 5500 per square feet on average. The cost of an individual house for sale in Chennai which is located in this micro market stands at INR 5000 per square feet on average.

Though north Chennai is becoming quite popular among buyers, this area is not without its fair share of problems. The social and civic infrastructure present here is not up to the mark. It needs to be developed and that too at a fast pace if it has to keep up its tag as a growing real estate hub in the city. The government is focusing on this area and the blanks are being filled as far infrastructure is concerned. The upcoming extension of the metro line to Thiruvotriyur is big step in this direction. When this line becomes functional it will really bump up on the rates for homes in this part of Chennai.

Gota, Mani Nagar and Bopal, 3 pocket friendly realty investment destinations in Ahmedabad

Developments along Gujarat have enticed many real estate developers from across the country to enter the realty market. The growing physical infrastructure and upcoming projects sure make this state one of the most sought after investment destination. But with the state being so huge- various pockets have seen tremendous growth and one city that is brimming with construction activity is none other than Ahmedabad. Its changing landscape and expanding city limits are luring real estate developer with both local and national presence to announce many apartments in Ahmedabad. And if you are a first time home buyer and are looking towards making a small realty investments- these are the localities you must consider.

Gota
Being a locality that caters to MIGs (Middle Income Group Individuals), Gota has a fair share of high rise buildings that offer generous living spaces at modest budgets. Located along the SG Highway, the vicinity boasts of having established social infrastructure system. The presence of many educational institutions, healthcare facilities and banks have lured many home buyers here. Its great connectivity is another reason why properties here are cited to be most preferred. Proximity to other parts of the city via the SG Highway and the Chandhkeda Railway station have attracted many property developers to enter the market. They are now cashing on these facilities and are coming up with various capital ventures. On an average apartments in Ahmedabad especially in Gota are expected to hover over a price bracket of Rs 2,410 and Rs 3,350 per square feet. However, the prices could differ based on the facilities and specification offered by the property developer.

Mani Nagar
If you are not one of those who likes residing in multistorey buildings, the city is fast becoming a hub for independent homes. And one locality that is dotted by many Apartments in Ahmedabad is Mani Nagar. Situated very close to the industrial zones, the vicinity’s availability of land in large parcels has captivated many builders to come up with integrated township projects and gated community projects that offer exclusive independent homes.
Physical developments and steady growing realty market are enticing many investors and potential property seekers to invest in ‘economical’ homes here. According to current market trends, villas here are estimated to cost anywhere between Rs 3,000 and Rs 3,650 per square feet.

Bopal
Despite being situated in the outskirts, south Bopal and Bopal are neighbourhoods that are cited to be 2 most preferred residential localities in Ahmedabad city. Seamless connectivity via SP Ring Road and affordable housing units drive the realty market here. Surrounded by established localities like Prahlad Nagar and Bodakdev, capital values of homes here are relatively cheaper, thereby attracting many investors and end users.
2 BHK homes here are estimated to cost an average of Rs 3,000 per square feet - however the prices are expected to soar.

From apartments to villas in Ahmedabad- the city has a lot to offer, so if you are on a modest budget and are looking towards making a realty investment that is very light on your pocket- these neighbourhoods are ideal for you. 


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Apartments in Greater noida=

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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.