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Gurgaon Properties - Forever High

Gurgaon real estate development has comparatively given a stiff competition to all those satellite towns that are adjoining the national capital of Delhi such as NOIDA or Faridabad.

In spite of the present downturn in Indian real estate that results in a temporary dip in the land availability for real estate development, Gurgaon properties forever seems to be riding a high wave. So much so that big projects fall easily in to the lap of Gurgaon real estate. For instance, Ansal API who is ready to develop 250 acres SEZ in the near future.

The premier choice for development for most real estate builders still remains to be Gurgaon due to many reasons. The ever expanding city is strategically placed between the national capital, Delhi as well as Jaipur, the state capital of Rajasthan. Three- to four-bedroom flats in Gurgaon and its suburbs like Manesar or even Neemrana are much in demand as an investment option.

Renowned real estate builders such as Suncity are building Suncity Arcade as a commercial complex that is armed to be a crowd puller with its shops, restaurants and showrooms, beautiful ambience, convenience and modern facilities. This is proposed to be one of the most happening commercial complexes of Gurgaon real estate.

Currently, Gurgaon is flanked by the multinational companies and residential colonies giving rise to an acutely growing need to have many more commercial complexes in Gurgaon. The group housing society and residential areas like PhaseV are the potential customers of Suncity Arcade.

Gurgaon properties forever seem to remain the hot choice for Gurgaon real estate builders for multiple reasons. All that is needed is to alert the senses to balance our pockets with the choice of property investments in Gurgaon Real Estate.


Source: emagicbricks.blogspot.com

Bangalore – Discovering New Avenues

Real estate in Bangalore is witnessing a smooth growth in real estate sector. The city is exploring new growth avenues and corridors of development. Bangalore city is finding its satellite town which can act as a magnet attracting the bulk of population from Central Business District region. The city is facing the similar kind of problem like that of Delhi.

Bangalore is also adapting the expansion approach and the city is stretching its boundaries vertically as well as horizontally. Bangalore properties are exploring some unidentified areas that can be innovatively used for residential and commercial purposes. Today there is lot of development happening at Sajapur road, HSR Layout, Brigade Road, Old Madras Road and Jaynagar. All these areas are slightly away from CBD. These places are convenient options to meet the rising demand of residential and commercial spaces.

Bangalore Real Estate Developers are actively adopting the same methodology and buying land accordingly. Purvankara developer at Bangalore is constructing its upcoming projects at Brigade Road, Sanjay Nagar, RMV, Kanakpura and Yehlanka. These localities are situated at outskirts of the cities so development at these places will not lead to any kind of congestion or any other problem in the city.

Moreover the local property dealer said that houses for sale in Bangalore are gaining momentum only in these areas. This is because of presence of space and infrastructure. People want to enjoy their life rather then spending maximum time in commuting. Physical infrastructure across these places is also growing and more number of schools, educational institutes, local medical stores, nursing home and local shopping complexes are being constructed.

Real estate in Bangalore is always an active and innovative industry which keeps on experimenting in identifying new channels of growth. The city always makes sure that the development doesn’t create any problem in the path of progress.

George Gonigal provides you the best and latest information on Bangalore properties, If you want to Buy Apartments in Bangalore, he suggests you log on to magicbricks.com


Source: emagicbricks.blogspot.com

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


Source: emagicbricks.blogspot.com

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Real Estate Prices Dip Again
Just when you thought real estate prices were beginning to stabilise, prices have dropped again.

After DLF’s price correction in its Bannerghatta Road property, real estate major Sobha Developers dropped prices by a whopping 22%. Sobha was the first to effect a price drop of 8% to 10% three months ago. Now, some of its properties like Sobha Sunscape are selling at 22% lower than the price quoted three months ago.

According to a senior ICICI Home Search official, “The first round of price drops by developers didn’t create any market stir. Many are now looking at a second round that’s sure to create excitement among buyers.”

According to developers’ association CREDAI, Bangalore property prices have fallen by 15% to 20% as compared to the same period last year and a further drop is unlikely. A 2-bedroom, 1, 200 sqft apartment at Sobha Sunscape is available for Rs 38 lakh, which includes car park, registration and stamp duty charges, VAT charges, as well as maintenance deposit and BWSSB and Bescom charges.

Except in two high-end villa projects, the company has dropped prices in all properties by 15%, though some rates may be available only during its ongoing property mela.

J C Sharma, MD, Sobha Developers, said though the real estate situation still remains challenging, “the current market situation allows us to pass on benefits to the consumer”. Interest rates have dropped to 8%, service tax is out, and stamp duty rate has fallen.

“After DLF dropped prices, there’s been tremendous excitement. Today, many project site visits are happening, something consumers had stopped for the past 4-5 months, ” said a leading real estate agent who requested anonymity.

Source: Times of India
Source: emagicbricks.blogspot.com

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