Monday 6 April 2015

1.5 BHK - Apartments for sale in Borivali West

Pee Dee rises to its stature as a monument by following similar principles and adorns itself with contemporary and minimalistic design guidelines. It is a fusion of simple geometric linear lines coupled with earthy colors reflected off glass and steel. Each user will find its aesthetics calming and will always be within reach of any functional requirement needed. Light and air are also in abundance and flow freely through the rooms. No Brokerage will be charged from buyer.

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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.



Wednesday 1 April 2015

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.

Tuesday 31 March 2015

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.

Monday 30 March 2015

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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