Hyderabad - The Next Commercial Hub
The boom in the Hyderabad real estate sector has still not been able to satisfy the growing demand from corporate looking for ready-to-occupy properties. IT and ITes are continuing to drive the market. IT professionals are vying to buy an apartment in Hyderabad.
Moreover, it's the commercial market which is driving the residential property segment in the city. Hyderabad real estate developers feel that, in next few years BPOs and call centers, software offices and back offices of financial institutions will occupy the maximum space. Property consultants expect the upward trend in prices to continue, even as the State Government frees up land in different parts of the city and the outskirts. Land availability will facilitate the creation of corporate office space.
In Jubilli Hills, central business district of Hyderabad, capital prices of plot range from Rs 80, 000 to 2 lakh per sq ft. Retail property in CBDs is around Rs 3, 500- Rs 10, 000 per sq ft. Multiplex are the trendy and upcoming way of commercial activities ranges from Rs 10, 000 per sq ft and goes above. The rental value in this area is Rs 30, 000-60, 000 per month which is high in comparison to other commercial localities.
Many new commercial projects are on the cards by big national developers. Raheja group has acquired 100 acres in Gundla, Pochampalli, Delhi based DLF has acquired 3 million sq ft land for commercial activities, Godrej Properties will be setting up an IT Park on 34 acres of land at Pattancheru, Parsvanath has a mall-cum- multiplex, and a hotel project coming up in the city, Ramkey group is venturing into commercial development in the city.
Hyderabad properties are fast becoming the preferred choice for investors. The city not only provides quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks and campuses, an international airport. Mall culture, new airport and subsidy in stamp duty and registration charges of property are other key factors of high rise in the value of Real Estate in Hyderabad
George Gonigal provides you the best and latest information on Bangalore Real Estate Developers, If you want to Buy Apartments in Hyderabad, he suggests you log on to magicbricks.com
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Bangalore - Discovering New Growth Corridors
Bangalore real estate market is the targeted hub by all the leading international companies. The high property value in the city could not able to stop the realty majors to enter the city.
Bangalore properties are always in demand for some or the other reason. The Central Business District of the city is already on the verge of saturation but still the demand is high.
The city is expanding to the peripheral areas in order to accommodate the real estate development activities happening at fast pace. Bangalore real estate builders are playing a crucial role in planning their projects. They are discovering new and untouched areas in the city and are building their projects there to save the city from decongestion.
Bangalore Real Estate Developers are constructing their projects in the new areas such as Whitefield, Old Madras road, Devanhalli, Nandi Hills and other small districts which are few kilometers away from CBD but have some open spaces.
The government is working on the strategic development across the city to solve the growing traffic problems. Residential, commercial and rental sectors in the city are facing huge demand of quality space which is better located and easy to travel.
Bangalore new airport is the perfect example which is located on the outer ring road and it takes 2 hrs to travel from CBD but has relieved Bangalore from long traffic queues which are used to happen at old airport at Indira Nagar. To buy an apartment in Bangalore most of the people prefer peripheral and outer ring road areas so that they can enjoy their life. Also the prices across the peripheral areas are somehow less as compared to the central region and Bangaloreans can find premium apartments their only.
The city is opening new growth corridors for Bangalore real estate development to happen.
George Gonigal provides you the best and latest information on Bangalore Real Estate.
If you want to Buy Apartments in Bangalore, he suggests you log on to magicbricks.com
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International Trade Park( World Trade Park (WTP))to Redefine Jaipur Real Estate
Jaipur real estate will soon have a new milestone in the form of an international trade park, World Trade Park (WTP), to its credit. The project boasts of an eco-friendly office property with water and energy conservation techniques, automatic sensors for power saving, centrally air conditioned, wireless LAN and IT friendly environment.
The foundation stone for the World Trade Park, a business-cum-shopping centre was laid in 2005. Established by RF Properties and Trading Pvt Ltd, the park spreads over an area of 20, 000 sq. yard. It has offices, a convention centre, retail outlets, exhibition halls, a five-star hotel, and a two-screen multiplex, trade lobbies, an art gallery and a computer-controlled parking for 1, 100 vehicles.
The trading park is perceived as a nucleus of world trade in South Asia. It will provide Global Business amenities under one roof, further crafting Jaipur as the international trade capital of the country.
Project update
Commercial property market in Jaipur is being redefined with landmark constructions like the World Trade Park. The WTP is surrounded by posh shopping malls like The City Pulse, Crystal Mall, Crystal Palms and the Crystal Court. Other mega projects that are about to come up in Jaipur include, Mahindra World City project in collaboration with RIICO, which will be a multi-product Special Economic Zone. A film-city project worth Rs 1, 900-crore on 1, 000 acres in Jamdoli is also on the cards.
In March 2007, the State government, proposed a Science City in Jaipur to be developed with the International Convention Centre. A “Mini India” theme park on 50 acres sharing space with a golf course and a cricket academy is also there in the foresight.
Amid a number of forthcoming huge commercial projects the real estate in Jaipur is resolved to continue its vigorous upward trend. “With WTP playing a perfect escort in a new age world of trade and industry, it would help put Jaipur on the world map”, property experts of Jaipur comment.
For more details on Jaipur Real Estate, log on to magicbricks.com
George Gonigal provides you the best and latest information on Jaipur Real Estate Builders , if you want to Buy Apartments in Jaipur. he suggest you log on to magicbricks.com
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New Or Resale Property - Making a Choice
Making a choice of buying a resale or a new house largely depends on individuals need and requirements beside other factors. There are plenty of options available in the resale as well as new property market. However, both types of properties have their set of pros and cons. There are many factors which guide an individual’s choice for a buying a resale or new house.
Location - New projects generally come up in suburban and peripheral areas while resale properties are available in the main city as well as the suburban areas. So, location preference is critical while finalizing an option. It will also be related to the security aspect. Since, resale properties are available in main city areas they are more safe than new projects in distant localities.
Infrastructure - Linked to location is the infrastructure facilities. Resale properties are available in the main city and also on the outskirts. So, those on a look out for a home in the main city opt for resale houses. Infrastructure facilities, connectivity and transportation network are well laid out in the main city areas. However, availability of these facilities could be a problem with new projects coming in developing localities.
Making your own home - One reason buyers opt for the new construction is that they have the freedom to customize the house according to their choice. As L K Mehta realtor says, “The younger segment of buyers take a lot of interest in the designing aspect of the house. They go for new constructions so that they can decide on the color scheme for their house, furnishing and fixture options, flooring, walls, tiles as per their wish.”
Wide range - A new home buyer have wide range of choices. There is an array of new projects by different developers. Each project offers an assortment of features and amenities. One can select a home basis what all features they want and how much they can pay for it.
Budget - A very important consideration is budget - how much one can spend. Resale properties generally are priced higher. This is because they are situated in a developed locality with well laid out infrastructure. New projects are priced comparatively low. Moreover, one has a varied range of new properties to choose from and can bargain as well.
Maintenance - The maintenance cost of new house is minimal. Depending on the age and quality of the building maintenance cost of resale property can vary.
Innovations - Developers today don’t hesitate to try on new concepts and technologies. With wi-fi, intercom and other such facilities new projects offer contemporary homes. Also, the concept of environment safeguard is increasing among the developers and buyers are also getting conscious of the same. So, new projects tend to be more eco-friendly. Green buildings, eco-friendly building material, eco-products - paints, furnishings are new concepts and many developers are incorporating then into their new launches.
The crux of the matter is that a buyer has to be vigilant and clear about his requirements while making a choice.
George Gonigal provides you the best and latest info on Real Estate India. He would also let you know about where to buy property in India and sell property in India.
Source: emagicbricks.blogspot.com
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