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.

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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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.