Powai is turning out to be one of India's startup hub

The startup revolution in India is just mushrooming at a greater speed. Though metro cities serve as a best ecosystem for startup hubs, even non-metro cities such as Powai and Kormangala have also become a best ecosystem for new, upcoming hubs. As many cities across the country have started the race in becoming a powerful industrial and financial base, it is too early for us to decide on one city that could beat the other cities in the race. With these financial and industrial development, the real estate market in those areas are definitely going to be profited to a greater extent. The prices of Mumbai properties, properties in Bengaluru, Chennai and Kolkata are on the verge of rising.



The prime reason for Powai to turn into a thriving startup hub is its close proximity to the IIT Bombay. The fresh and talented graduates from IIT Bombay are keen on developing new business and online sites. With these development of new companies, Mumbai is turning out to the future face of India's economic growth, which in other way has enhanced its growth in real estate sector. The properties in Mumbai have rising prices that go high each and every year.

Powai, the developing business hub has so many people with innovative ideas, technical knowledge, and knowledge about business in local and nationwide. Located in close vicinity to IIT Bombay, it is a house of talented and enthusiastic graduates who wish to grow up in their own, new business. For instance the Housing.com, an online property search site was first started in a dormitory in Mumbai by 12 IIT Bombay students in 2012, now it gives its service to about 40 cities in India. These kind of startup companies have attracted many Venture Capital firms such as Sequoia Capital to Powai. The costs and groundwork of starting and conducting business in Powai seems to be in a reachable distance for all energetic graduates. With such startups, the flats in Powai have now drawn interest from many potential buyers.

Various other startups in Powai region include Instamojo, TinyOwl, Toppr, OpenTable, Belita, Purple Squirrel, InOpen Technologies, Enelek, and MoFirst. Every year Mumbai had earlier seen only 5 investment proposal but it has increased to about 50 mainly due the IIT Bombay students. There are several ventures from IITB alumni such as Olacabs, Housing.com, and more. The affordable rentals available in Powai have made many IITB graduates and entrepreneurs to stay there and start up their ventures. These factors have helped Powai to become a successful commercial city.

Powai has not just stopped from becoming one of the birthplace of several renowned companies, it has also emerged as a best residential location for many. The huge number of properties in Powai and upcoming flats in Powai are visible examples for its residential development.

These startups have not just made Powai proud and popular, but also the Mumbai city. There are several Angel Investment firms and mentors in Mumbai for those enthusiastic startup founders and entrepreneurs in and around Mumbai.

1.5 BHK - Apartments for sale in Borivali West

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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.

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.