Upcoming destination For Property in Bangalore

A new and blossoming region for buyers keen to purchase property in Bangalore is located at the eastern side of the city. Recent positive developments at this region have made purchasing a home at this region practical as well as affordable for buyers with a small budget. As the city of Bangalore spreads outwards regions which were once sparsely populated are increasingly becoming viable localities at which to buy property in Bangalore. As East Bangalore becomes better connected with other regions of the city which have prime commercial real estate occupied by companies which provide employment opportunities for citizens of Bangalore, this region may wake from somnolence to become a thriving hub with numerous residential projects in Bangalore.

A reason propelling real estate in Bangalore at this nascent residential market is affordable land prices which is luring builders in Bangalore to this region of the city with the intent to construct, as yet, largely affordable housing. This region has a host of new projects in Bangalore although nearly all of the homes for sale here are targeted at the budget segment homebuyer, those who love ease and enjoy being surrounded by plush exteriors and cultivated interiors would do better to seek to seek luxury apartments in Bangalore at other localities that are better known for the same and which likely lie close to the city. The outer rims of the city are gaining prominence due to improvements in Bangalore’s transport infrastructure the construction of some of which is leading to erstwhile remote areas becoming far better connected with already vibrant regions of Bangalore.

An advantage that East Bangalore enjoys is the connectivity due to the metro as well as the recently proposed construction of the second phase of the ring road which would allow a far smoother flow and speed of traffic between this region and other parts of the city. The presence of excellent social infrastructure at this region is another factor which rates East Bangalore as an attractive destination for homebuyers, the number of well recognized schools as well as hospitals in this locality also makes it an attractive destination for families. In addition there are numerous entertainment hubs at East Bangalore as well further increasing the attractiveness of the region as a prime locality to own residential property in Bangalore.

The largest segment of homebuyers who inquire regarding property at Bangalore at the eastern region of the city tend to midlevel employees who as yet do not have the financial resources to purchase property at more upscale regions of the city. The market as yet may be free from the buying and selling of speculators which often tends to drive prices skywards to unrealistic valuations. Purchasing apartments in Bangalore at this region of the city is likely to be a safe investment even for end users as this region is currently largely free of any bubble in the price of property. Due to the as yet low profile of the region it may not have attracted capital which would have been invested with the intent of earning rapid returns. Other real estate micro markets across the country which have been ushered on to the national scene often see unrealistic appreciations in the price of property which often makes purchasing homes for end use at these localities out of reach for many. Thankfully, East Bangalore property is as yet free from such market distortions and provides homebuyers the opportunity to own real estate in Bangalore at a realistic price.

Realty market of Hyderabad sees Positive sentiments.

Real Estate property in Hyderabad  could not see much progress due to the political issues for the last couple of years. But after the issues have settled down, the city has started showing the signs of revival with lots of positive sentiments amongst the buyers. Many blue chip companies, IT firms and other multinational corporation have also shifted their focus to Hyderabad that has significantly fuelled industrialization  in the city. This has also boosted the realty market in Hyderabad. Real Estate Trends in Hyderabad is all set to boom.

Real Estate property in Hyderabad  has emerged as  a preferred destination for investment not only in India but also abroad. A good number of NRI’s have also showcased their interest in the past decade in Hyderabad property. Affordable housing in Hyderabad has also attracted a huge limelight. The factors that have boosted the demand of Hyderabad are captured below.

Improved  Infrastructure

Thanks to the proactive Government,  which has been putting in a lot of efforts and has shown keen interest in developing Hyderabad’s infrastructure. Several projects are in the pipeline and once these projects are completed,  it is expected to boost the further infrastructure. The Jawaharlal Nehru Outer Ring Road is being planned on the lines of Beijing’s 8 bangles (ring roads) of connectivity, helping people travel in and around the city within a short span of  time. The upcoming Metro Rail project appears to be a promising project as it will connect the eastern and western corridors which are popular IT hubs. Once functional this project is expected to offer uninterrupted  connectivity, cut down traffic woes, traffic,  combat air and noise pollution, boost employment opportunities and various other economic activities. Affordable housing in Hyderabad has also fuelled the demand.

Good social and physical infrastructure

Other than this the city boasts of an excellent social and physical infrastructure with big hospitals, extravagant shopping complexes, malls, restaurants  and many more. The city has a vibrant lifestyle and most importantly the lip smacking cuisines served in this city is definitely a perk.

Presence of blue chip companies

Many popular and big companies have entered into the space and had set up their bases in the city like Amazon and Apple. They are now  looking forward to expand their campuses in Hyderabad.  Other blue chips like Infosys, TSC and Wipro have also acquired land to setup new offices.  This has tremendously increased the footfall as these companies are pulling  huge number of people from different parts of the country and globe.  With this, residential market is definitely set to boom. Demand of residential properties is expected to go high in future.

Property Rates Are Still Affordable

The major attraction of the real estate in Hyderabad is  affordable prices. Hyderabad also boasts of relatively affordable property rates. The Central Business District (CBD) areas of Banjara hills, Jubilee Hills and Panjagutta are relatively expensive compared to the developing areas of Gachibowli, Miyapur or Kukatpalli. But despite of this property in Hyderabad is available at affordable prices when compared to other Tier II cities. Real Estate Trends in Hyderabad has been remarkable in all aspects.

Experts Expect Attractive Returns

Areas like Hi-Tech City, Gachibowli, and Kondapur have seen rates appreciate from 5% to 10% in the past two years. Experts believe that the current uptick in Hyderabad’s property markets will continue and are predicting at least a 10% appreciation year-on-year (YoY).

Festive Seasons Are Opportune Time for Real Estate In Bangalore

Although still early in the year, buying real estate in Bangalore may be opportune within a few months with the arrival of the festive season in the country. Many households who want to buy a house in Bangalore wait for the arrival of big festivals such as Diwali not just to purchase flats in Bangalore but also other things such as smartphones, refrigerators, and LED television sets. Many real estate developers in Bangalore offer enticing discounts during the weeks preceding Diwali as do a great many retailers who lure buyers to make a purchase which buyers may have been reticent to earlier in the year.

The phenomenon of offering discounts during times such festive seasons is not limited only among businesses in India but rather is a global trend pioneered by astute businessmen in North America decades ago. However it has been adapted and suited for each respective culture where such deals are offered, what makes luxury apartments in Bangalore cheaper during Diwali than at other times of the year is anybody’s guess.

Most likely many builders in Bangalore already earn significant profits during the rest of the year and giving a discount during the festive season is strategically planned to earn higher profits during the year. The discounts which many buyers receive during the festive season may simply reflect the fact that the price of homes is higher during rest of the year to account for the discounts to be offered on real estate in Bangalore at the end of the year.

The price of apartments in Bangalore during Diwali and Christmas can entice even the most spendthrift homebuyer, one who is accustomed to receiving discounts can often be found to make large purchases during such a time. Whether it is buying a new white good or real estate, it is commonly understood among Indians that purchasing products during the festive season makes good economic sense.

Large department stores across the country and builders and developers in Bangalore know all too well how to develop enticing schemes to appeal to buyers, the large discounts offered during the festive season and frantic buying of goods is similar to a nation binging upon goods to bring into a home or a home at which to bring goods. The courtesy which was accorded to deities during this time is still held in high regard, yet may be becoming subservient to purchasing a luxury flats in Bangalore and in other cities, after all god can be appeased at many other times during the year, yet the offer on an attractive four bedroom apartment shall likely expire within a week.

That such events are held may not necessarily reflect poorly upon the sentiments of the citizens of India, such events are joyous occasions for celebration and often the joy in a household is increased many fold if such a time brings with it ownership of a brand new apartment in Bangalore or a brand new forty inch television set. However it should be kept in mind that at such events the extremes of shopping which regularly occurs should not divert us from the real cause of celebration which has more to do with the divine than the earthly. If unchecked such national shopping frenzies may become the forefront of festive seasons and the main reason for such celebrations may become an afterthought.

Emergence of Interior Decorators and Luxury Apartments In Ahmedabad

To someone who owns luxury apartments in Ahmedabad having an aesthetically pleasing home is crucial, most luxury properties are expected to be so and it is considered a given when purchasing property that costs more than 2 crores. A shoddy looking luxury apartment is undreamt of not just unheard of; however there may be many luxury apartments in Ahmedabad which are shoddy looking, from the inside.

It is not uncommon for someone who has recently come into wealth to go on a binge and purchase a home in one of the top projects in Ahmedabad and to fill such a home with gaudy furniture and interiors. To the rescue of such hapless socialites come large swaths of world class interior designers who offer their services so that a property in Ahmedabad can be as cultured on the inside as it is on the outside.

The relatively new emergence of new professions such as interior designers and wedding planners is a monumental change and indicates an evolving trend among Indian consumers to hire professionals for activities which were hitherto carried out by members of the household. Numerous apartments in Ahmedabad are so exquisite on the inside that upon entering one cannot admire the members of the household who had such refined taste as to decorate their drawing room with painting depicting ancient Egypt as well as traditional paintings from Japan, very likely many such luxury apartments in Ahmedabad may have received aid from a professional.

The prestige of individuals who do such work too is not to be doubted, many drive some of the most expensive vehicles made by man and themselves live in some of the best apartments in Ahmedabad. The exclusiveness of and prestige of an interior designer is largely passed around by word of mouth and by the quality of their work, when visiting a home whose interiors one cannot help but admire, the host is now often asked who his or her decorator is and if the host is found of the person inquiring the gracious host may reveal the identity of their decorator.

The services of interior decorators are not confined only to the rich and famous, even those who own some affordable apartments in Ahmedabad can avail some such services from a respected professional. As a matter of fact a large number of new stores all across the country offer services which mimic to some extent advise on home decoration, though such stores offer services which are more basic and are relevant only to such things as interiors, flooring and modular kitchens, even a few decades ago many such professions were unheard of by the mid segment home buyer.

It would seem that even Bollywood has found a new interior decorator who has shunned the old “haveli” in favor of modern apartments in Ahmedabad, Mumbai, Delhi and New York. The interiors of many homes seen on screen are today more realistic and far less dramatic than they were in the 1980’s, the more realistic stories of today also take place on movie sets which look not too dissimilar from many living rooms or flats in Ahmedabad.

Property in Ahmedabad Gains momentum

Touted to be the fastest growing city in the State of Gujarat, property in Ahmedabad has gained  tremendous momentum over the past few years.  One of the significant reasons that has led to the drastic change in the demand dynamics of  property in Ahmedabad is the burgeoning industrialization with many blue chip companies entering into the space. The city is a home to numerous pharmaceutical, chemical and IT companies also. Other than these, the automobile, and oil and natural gas industries are also developing at a very rapid pace.

The city also attracts the investors due to its cultural ethos and magnetic charm. The city hosts some of the most reputed educational institutes  in the country  that pulls a good number of students every year from different parts of the country. The city enjoys an excellent social and physical infrastructure with best of the medical facilities available in the city and other recreation avenues. These factors have fuelled the demand of the property and a good number of top builders in Ahmedabad are looking forward to launch their projects here.

Other factors that have in instrumental in bringing the real estate in Ahmedabad up the curve is its excellent well connectivity  to other important cities in the State and the country.  The city  also enjoys a robust connectivity by air, rail and road.  The city enjoys well developed internal city roads and flyovers and also has BRTS (Bus Rapid Transit System) connected to most parts of the city. The real estate sector in Ahmedabad is booming at a rapid pace due to several new constructions in the form of SEZs, IT parks, integrated townships etc.  Once these projects are completed, it is expected to create thousands of white collar jobs and boost the city further. This clearly indicates that the city has huge potential to grow. Considering this factor, many top builders in Ahmedabad are launching their projects in ahmedabad with state of the art infrastructure and class apart amenities.

Captured below are the three promising real estate destinations of Ahmedabad

Prahlad Nagar

Prahlad Nagar  has emerged as favorite investment spot mainly due to the plethora of commercial set-ups  that has unlocked the value  of this property.  A good number of multi-national companies, BPOs, KPOs have their presence here.  Known to be one of the most well-planned and developed areas of Ahmedabad, the area features all the basic facilities such as schools, hospitals, banks, restaurants, malls etc. The area appears the best bet for upper-middle and high classes.

Bodakdev

Bodakdev  appears to be a lucrative destination for luxury units.  Senior executives, people at the managerial level in the companies located along SG Highway are the ones who generally invest here.  Presence of  excellent physical and social infrastructure such as wide roads, schools, public transport, hospitals, banks, malls, etc in proximity makes it the most sought after real estate destination.

Mani Nagar

The area got a sudden momentum due to  its proximity to industrial area, improved connectivity and excellent  development of basic infrastructural amenities . The above mentioned factors combined together to push the demand of this area and today it is one of the most preferred locations in Ahmedabad. It also appears as a great bet middle class investors.

North Bangalore with amazing Investment prospects

Due to the presence of several IT companies, blue chip firms and multinational  corporations, Bangalore is known to be the ‘Silicon Valley of India’. Real estate in Bangalore has also seen a great demand due to the burgeoning industrialization and ample of employment opportunities. Other factors that have contributed to the demand of real estate in Bangalore is the amazing cosmopolitan culture and awesome weather all throughout  the year.  Bangalore surpasses the investors and end users with the exotic charm it holds and also the plethora of  lucrative investment opportunities.

The city  has emerged as a preferred real estate destination for many  investors  and also for the  NRI’s who are planning to return back to India from abroad. Over the  past few decades, North Bangalore has continuously seen a lot of  real estate activities and scored a favorite position in the list of real estate investment . Nunber of factors such as continuous expansion of the city, accessibility of large spats of land, more number of people migrating  to this part of the city and affordable prices have encouraged a  lot of new developments in the recent past in North Bangalore. The major highlight of North Bangalore is the  major localities offering affordable plots  with a promise to  fetch higher returns in future. To name a few Doddabalapur Road, Devanahalli, Babu Sahibpalya, jakkur, Thanisandra, Nagarbhavi, Hennur are some of the most sought after localities in North Bangalore that gives the perk of affordability with a promise of better future returns.

 

Thanks to the proactive government, North Bangalore has witnessed a lot of infrastructure development  that has significantly fuelled its demand such as construction of new projects in bangalore International Airport and proposed IT development in Devanahalli.  North Bangalore enjoys a close proximity to various IT parks and MNC companies and  boasts of robust social and physical infrastructure development.  North Bangalore has transformed into a vibrant business hub with a number of new corporate corridors. The  area shares a good connectivity via roadways, railways and airways. The proposed high-speed rail link and mono rail once functional, is expected to boost the further connectivity and  also decongest the traffic.

Captured below are the two promising hot spots in North Bangalore.

Doddabalapur Road

Doddabalapur Road, located in the northern corridor has emerged as one of the most promising investment location. The proposed Information Technology Investment Region, Planned Peripheral Ring Road, Aerospace Park is expected to work in favor of residential areas . The area also offers large open area  which attracts many buyers for investment.

Devanahalli

Known to be one of the most fast developing commercial markets,  Devanahalli located in North Bangalore offers equally promising prospect in terms of residential investment. Until 2008 a relatively unknown suburbs of Bangalore,  went through a drastic change in fortune with the arrival of the BIA. Large scale commercial projects are planned in the area such as aerospace SEZ, IT and Hardware Park and the Devanahalli Business park, which will boost the commercial activity in Devanahalli and other vicinities. The increase in commercial activities will translate into more demand for residential units as well.

Considering Ecofriendly Homes Essential For Real Estate Developers in Hyderabad

There is a great need for real estate developers in Hyderabad to channel their focus towards the construction of ecofriendly homes in the city. Already the city is growing vastly with billions of dollars flowing into the economy of the city from overseas investors, what is needed to truly transform Hyderabad into a top IT destination is for a large number of homes in the city to have homes and offices which are more harmonious with their surroundings. Fossil fuels are being depleted at a rapid rate and burning them is already known to be harmful to the environment and to human beings as well. By developing property in Hyderabad which uses resources more efficiently and with a benign disposition towards the environment, Hyderabad can vastly improve the quality of its citizen’s lives. Such a project is unlikely to be inexpensive rather it shall require a great deal of investment, however after its successful completion real estate in Hyderabad shall never be the same.

The reason why Hyderabad may be right city to carry out such a pilot project is simply that it may be just large enough to have a noticeable effect upon pollution levels in the country and small enough as yet to be converted into the first ecofriendly metro in the country. Already the leaders of Hyderabad have shown great initiative taking bold steps to turn their city from a second tier IT destination into one snapping upon the heels of older better established IT destinations. By embracing change which shall further propel the city decades ahead of others in the country, Hyderabad could be a showpiece for the nation if not the world.

Converting the city of Hyderabad into an entirely ecofriendly city means a great deal of investment, far more than the city’s coffers have to offer, however such a change is not only beneficial but rather essential as time passes and fossil fuels levels increasingly become depleted. Already many top publications point out that in perhaps fifty years oil reserves may be depleted to dangerously low levels, the need for ecofriendly cities is not to be a gimmick or a sideshow but rather an essential need which if fulfilled sooner rather than later shall allow for a smoother transition from an industrial economy to a more ecofriendly one. All projects in Hyderabad may be gradually transformed to store and disseminate energy from renewable sources such as the sun and wind turbines. Perhaps luxury apartments in Hyderabad need to see such changes first as the relatively affluent and better educated residents of such homes may be more eager to embrace positive changes which they can be proud to share with their grandchildren in the future.

The need of the hour is better and more efficient management of the thousands of tons of waste which humanity collectively excretes into the environment, such efforts may seem only fashionable today yet within less than a decade the need for such homes and buildings may seem urgent. With nearly seven billion human beings on earth today and with our numbers growing rapidly, better management of resources as well as conservation of resources which we intend to use more effectively in the future is needed. Though the need for much of this change is today looked upon with lighthearted frivolity, once drastic changes begin to occur in regions of the world, making flats in Hyderabad dependent upon fossil fuels today may seem as foolhardy as allowing the East India Company the right trade freely does today.