Devanahalli-One airport and a whole lot of development

Rewind back to 2000 or an earlier year and you would not have wanted to live in Devanahalli. It was a typical peasant’s neighbourhood where roads never existed and water scarcity was always rampant. But times change, especially in real estate they change at the speed of light. That is what happened with the property prices in Devanahalli when the Kempegwoda International airport commenced operations in 2008. One airport and Devanahalli has made itself amply visible in India’s fastest growing IT city, Bangalore.

Reaching Devanahalli

Devanahalli is located on the northern part of Bangalore, almost 35 Kms from city centre. Quick way to reach is through the NH 47, also known as the Bangalore-Hyderabad Highway or the Bellary Road. Further, NH 7 and 207 also snail through this village bring the metro close like neighbourhood.

NH 7 from Hebbal to Devanahalli with its 6 lanes roads (to be increased further in the near future) makes it possible to reach the airport within thirty to forty minutes. With the execution of the metro Phase 2 plan, Devanahalli will also have metro connectivity to airport.

Devanahalli’s growth story

The land rush at Devanahalli began with the signing of the MoU between AAI and KSIIDC in 2005 to build the Kempegowda International airport. By the time the first phase was completed in 2008, almost every inch of land in Devanahalli was taken over by real estate promoters and developers for manifold times of the original prices.

Per acre cost of Devanahalli was a humble number in 1990s. Come 2008, the price shot up to Rs. 250/sq.ft and today it is almost 1500/sq.ft. Most promoters are yet to commence construction here, but it is definite that the prices will skyrocket further higher.

Residential and industrial development

The many industrial parks present in Devanahalli are sure to boost the residential and commercial development in the region. Three more parks exclusively for hardware, aerospace and IT/BT are proposed in the region which will boost residential development and industrial activities in the region. NH 7, NH 207 and NH 4 will provide ample road connectivity without any traffic bottlenecks.

250 acres of land are set aside for developing the M.S.Ramaiah Medical Research Centre to cater to the educational requirements of the city as a whole. Schools, colleges and other social infrastructure facilities necessary for comfortable living are also adequately present in Devanahalli.

Housing at its best

Bangalore enjoys a high concentration of HNIs (High Net worth Individuals). Devanahalli also enjoys huge demand for high-end living facilities from the senior management cadre employees of the IT industrial corridor. With sophisticated tastes and an appreciation for serene living they are one reason why the land values in Devanahalli has shot up in such short time.

The demand for affordable housing is also very high. Patel Neo Town, VBHC Attibele, Sovereign Lakefront, Provident Welworth are some of the affordable residential projects in the region. Golden Gate Properties, Purvankara, Shriram Properties, Brigade Group, Ozone Group, etc. are some of the high flying names in luxury housing that are creating the upper class living ambiance in Devanahalli.

The right time to invest in Devanahalli is now. There was no better time in history or will there be in the future when property prices have been so inviting for an aspiring homeowner.



Pratheepa writes for indiaproperty.com, a leading online portal dedicated for real estate sector in the country. It provides property marketing solutions for buyers, seller, and real estate agents.

Real estate prices shoots up high at Mumbai Virar

Virar is a part of the Mumbai Metropolitan Region and Vasai-Virar Municipal Corporation. The exorbitantly high prices of properties in Mumbai city as made real estate boom in the suburban regions. The northern suburbs such as Virar, Vasai and Nalasapora has marked several residential investment in recent days owing to the affordable process of properties in these areas. For middle-class people who need to spend a large investment to buy an apartment in Mumbai city, 

Virar and other suburbs offer 1 and 2 BHK apartments at affordable ranges. But as the demand for housing have become very high in recent days, the property prices in Virar is also witnessing a considerable amount of hike in recent days.

With a huge residential demand and developing infrastructure, Virar is expected to be the future investment destination near Mumbai. The Vasai-Virar region is seeing tremendous economic and infrastructural growth in recent days and if this development continues, then surely this region has the potential to become a city on its own. The real estate in Virar is also developing in all spheres including residential commercial building. For those who wish to buy an apartment in a pollution-free locality away from hustle and bustle of Mumbai city without sacrificing on modern lifestyle, Virar is an ideal bet.

Several new proposed projects such as 126-km Virar-Alibaug multi-modal corridor project by the MMRDA connecting the regions by road and by metro, changing the existing internal road into a four-lane road, elevated rail corridor between Churchgate and Virar, and many more in pipeline contribute to the rising realty prices in Virar region. Virar also has various educational institutions, restaurants, shopping complexes, and beach resorts.

The prices of properties in Virar is moving in an upward direction in the price chart constantly. The prices of property in Virar has shown a rise of up to 10% in just one year of time. Also it expected to rise further in the coming months due to high demand form the population. When you compare the property prices in Virar in the last five years, you can visibly notice a constant increase with year from the previous years. The prices have rose not just from one year to the other, but also within each quarter of the same year at least by a small percentage. This clearly shows that realty prices in Virar has been increasing for off late and this price trend will continue in coming years as well. So if you are planning to buy a property or apartments in Virar, this is the right time to invest. Because in another 1 year of time, the property prices may increase another 10% fetching high return of interest for people who have invested this year.

Real estate investment in Kondapur and Miyapur

The real estate market in Hyderabad is catching up pace providing tough competition to other metros in the South. Many corporates and real estate investors are interested in investing in Hyderabad quite some time now. The main reason behind the revival of real estate in Hyderabad is that both commercial and residential real estate is economical in Hyderabad, which lures investors and buyers. The residential capital value here is lesser than that of other metros. With several already existing IT corridors along with several other IT giants to set up their campus in and around Hyderabad, the real estate here is gaining momentum. Many suburban area of Hyderabad are now flourishing in both residential and commercial real estate such as Kondapur, Miyapur, Gachibowli, Kukatpally and Manikonda.

Real estate in Kondapur

If you are looking for affordable properties with a good appreciation and return of interest, then Kondapur in Hyderabad will be a wise choice. It is emerging as a popular residential hub in Hyderabad. Located closely to the busy business districts of Hitech City and Gachibowli, Kondapur micro market is turning into the most preferred investment destination.

Kondapur is located in between three major roads Old Mumbai Road, Gachibowli-Miyapur Road and Hitech City Road making it easily accessible from various parts of Hyderabad. It is also bridged to the Mumbai Highway via Gachibowli-Miyapur Road. The nearest railway station is the Hitech City railway station, which is about 7 km away from Kondapur. Its infrastructural development is also satisfactory with various reputed schools, international schools, colleges, hospitals, banks, shopping centres, and entertainment with various parks and botanical garden.

The residential capital value of Kondapur ranges between Rs.2500 to Rs.3800. Kondapur also yields high rental values when compared to its neighbouring localities. 

Real estate in Miyapur

Miyapur is a part of the municipal corporation of Greater Hyderabad. For people who search for modern lifestyle outside the city limits or in suburbs, Miyapur is an ideal location. It is a scarcely populated area with moderate amenities. But its close proximity to the IT corridor in Hitec City makes it an ideal investment destination for professional population working in the nearby IT companies. From plotted developments to large attractive apartments, Miyapur provides all sorts of investment options to buyers. Talking about the social infrastructure, Miyapur has a good number of schools, hospital, banks, shopping centres and restaurants. So ideally people who work in nearby IT and public sector industries prefer to buy plots or apartments for sale in Miyapur.

It is also well connected to other regions in Hyderabad by public transports and also has the Hafeezpet railway station at just 3 kilometres away. Moreover people in this region does not face any water scarcity or electricity issues.

Affordable prices of apartments in Miyapur have also made it a wise choice among the population. You can buy a 2 or 3 BHK apartment for Rs 30 to 45 lakhs with capital values ranging from Rs. 2600 to 3800, which is very reasonable when compared to other suburbs of Hyderabad.

Increasing demand of real estate companies in North Bangalore - know why

Real estate is a growing industry especially when you consider the outskirts of Bangalore. North Bangalore is one of the major hubs of activity and this is the main reason why the demand for real estate has sky rocketed in the recent years. You will be astonished by the jaw dropping price some of the brokers will quote for a mere 2 BHK apartment. If you are thinking about moving in this part if the city or going to buy some property here, you will have to do a lot of market research before you take the plunge.

Things that you will have to keep in mind

The first thing you will have to understand is that the north is still the one area where the Silicon Valley is growing. Compared to the rest of the city, there are still land available in the northern part of the city. You will be able to find property in this part and some of them will eventually meet your budget. If you are looking for some residential apartment then North Bangalore is one of the first place you should start your search from. The regions around Hennur Road and Devanahalli are some of the best place that have gone through some real estate developments in recent times. Since there are still vacant lands available in these regions, you are more likely to find a place to stay than any other place in the town.

The kind of property you want to invest in

In terms of resale value and the available infrastructure, this is also a region which makes top priority for people looking for investment in real estate. There are all the modern amenities available in north Bangalore. You will be able to commute by the high speed Metro rails that has come up in this region. Most people who decide to live in Bangalore is because of the IT industry and you will need to commute from your office if you are working for a private sector. So getting a well-connected place should be the highest requirement when you are going to buy a residential apartment. You will be able to use the Metro rail and the mono rail links to get to the hub of the city where all the major corporations are located. This is an important factor when you consider the price of a real estate. The apartments or buildings located in close vicinity of a metro station will be priced much higher that the ones that are located in the interior. This does not mean you cannot reach the metro stations from the interior regions. The whole of north Bangalore is well connected by the metro link and there are more new projects which are coming up. It only means you will probably have to take some transport to reach the metro station and then avail the metro. If your priority is getting a place that is well connected, you will have to be prepared to shell out more.

Author Bio:Pratheepa is a professional content writer from Chennai who has a keen interest in researching and writing on the realty trends of the country. She currently writes for indiaproperty.com.

Nepean Sea Road - An address to flaunt

Mumbai is an aspirational city to live in for most Indians. The reasons are plenty that to list them down will form an entire blog article by itself. But there are three prime reasons why Mumbai is most sought after:

• It is where dreams (most) come true.
•  It is the starlet of Indian cities (Think Bollywood).
• Being recognized as a Mumbaikar (heavenly).

If there is one place where the living experience of Mumbai can be closely related to, it will be Nepean Sea Road. Think of waking up to the sound of lapping beach waves. Waves crashing across golden sands and a view that extends far beyond into the unknown horizon is what makes Nepean Sea an aspirational residential address for Indians.

Located close to Malabar Hills, Nepean Sea Road is where the aristocrats of Mumbai would dream coming home to. Living in South Bombay itself is a thing of pride. SoBo is a metaphor most Indians will not understand. But a Mumbaikar knows what kind of power and influence a resident of SoBo will possess.

Owning a luxury 3 BHK apartment in Nepean Sea is quite an accomplishment for any individual. The region since its olden days has been brimming with business towers. Even today, Nepean Sea Road is a place where one can find most of the top corporates of India having their headquarters established. Hence, there is plenty of job opportunities floating around in Nepean Sea Road from where one can chart out a new life.

Not just a career, Nepean Sea Road has major sports clubs within its vicinity where your sportsman attitude can be polished to finesse. Join the Willington Sports Club, Bombay Gymkhana or watch speeding horse races at the Mahalaxmi Race Course. Living in Nepean Sea neighbourhood these sports complexes are just leisurely walk away.

As a parent, your child’s education is available literally at doorstep. Nepean Sea Road sets the right ambiance where your child can progress socially and intellectually with world class training from reputed educational institutions like Orchid International School, Bombay International School (BIS), Gopi Birla High School, etc. all located in immediate vicinity.

Commuting in Nepean Sea Road is a leisure activity. In addition to the smoothly paved roads which are completely gutter free, you also get to ride alongside almost every brand of luxury car in the world. A life amidst the richest Indians is a thing you can take for granted in Nepean Sea Road.

Coming to public transport, the region is blessed with a well-established network of roadways and railways which reach out to almost every notable destination in the city. The Western railway also offers great connectivity within Mumbai and South Mumbai. There is an efficient private system of transport consisting of taxis and rickshaws which you can rely on for a less than luxurious way of transport.

Undoubtedly, Nepean Sea Road is one of the mist affluent residential regions in Mumbai and whole of India. Capital appreciation of properties is estimated to happen in multiples of five or more given the swanky location and facilities in the region. A short stroll around and you will know how comfortable, liveable, luxurious and magnificent living in Nepean Sea Road is. The waves await your homecoming. 

Shailja is an Indian housewife who loves to write on Real Estate. She is a regular contributor to the columns of many property magazines and also IndiaProperty.com

 

South Chennai Sees Maximum Residential Building Projects This Year

Where there is demand, there is development. With a huge demand for residential areas in Chennai, places throughout the city have been sited with new projects. Among all the favored locations, the areas in the southern part of Chennai are seeing tremendous development. Localities such as Medavakkam and Pallikaranai are in the top of the list of targeted places.

The executive vice president and zonal head of DLF Home Developers Ltd, Mr. K. K. Raman shares his views about the development in south Chennai. He says," If you see the center of activities, south Chennai hogs all the limelight today. This will continue to do so, as the scope for growth in the region is immense." He also added, "Just 10 years back, Tambaram was considered as the end of Chennai but now thanks to the extensive transport facilities and numerous educational institutions, the region is one of the busiest areas of the city. With the introduction of metro, the real estate scene of South Chennai will undergo rapid evolution."

In the current year, about 60% of the residential constructions have taken place in south Chennai while the remaining was split between north and west. The Grand Southern Trunk (GST) Road and Old Mahabalipuram Road (OMR) have seen the maximum growth in the current year. Huge construction companies such as Akshaya and Purvankara launched their new projects in Pallavaram, Perumbakkam and Kelambakkam. With the city’s limit being extended farther, vicinities in south are more concentrated than the heart of the city. Just as the central and north parts are being crowded, it is only natural that the residential growth will be concentrated on the less dense southern parts of Chennai.

The growth of IT companies and industries is one of the prime reasons for this rapid and steady advancement. Blooming companies in Velachery, Madipakkam and other areas encouraged working professionals to settle down nearby. Entertainment and recreational amenities such as malls, theaters, clubs and resorts located nearby, allow families to spend time together on weekends. Presence of renowned hospitals, restaurants, banks and other essentials are added advantage. Furthermore, availability of excellent schools and colleges nearby make these areas suitable for families. Rich cultural activities with presence of famous temples, churches and mosques also make a strong case.

Excellent connectivity via roadways and railways provide an easy and smooth connection with the city’s interior. High frequency of buses, trains and recently added metro trains allow you to navigate through places with great ease. Peaceful environment and friendly neighborhood make them the much preferred localities real estate in Chennai.

Affordability even with high facilities in par with main city makes south Chennai a favorite among everyone. With the price value remaining reasonable, real estate companies are launching multiple projects targeting middle class people. Projects ranging from 25 lakhs to 1 crore will be perfect for families of any financial background.

To sum it all, with the future of industrial and domestic development concentrating on the southern part of Chennai, these areas will be experiencing exponential growth in residences.