Elevated Expressways to Interconnect Bangalore

Bangalore is hasty on the growth and development front occupying the brand name of the first IT hub in India. The Bangalore real estate developers have provided the city first class infrastructure to serve the demand. The soaring number of IT and ITeS has given Bangalore a new name but also set of problems in correlation. Bangalore is facing a major time traffic congestion problem these days owing to the large number of migrants.

The city is overcrowded with floating population who has migrated to Bangalore either for studies or for job purposes. The city roadways network is not at all sufficient to cater to the rising demand as told by the Bangalore real estate builders. The tripled number of public and private vehicles on the road without any change in the road network has led to long traffic jams and queues resulting in long traveling hours. To buy an apartment in Bangalore these factors play a crucial role.

The Government has decided to take some initiatives to advance the present road network. Bangalore peripheral and outer ring road development is the one step in this field to divert the traffic flows.

Another major step in the plan is to construct an elevated corridor. The State Government is coming up with a new project costing Rs 2,800 core to construct an elevated expressway linking Bangalore South with Bangalore North and the other to link East and West. The north -south stretch is approximately 17km long while the other is 10km long.

It is expected that the project will be completed in 24 months after initiation and some space and regulated traffic flow can be seen on the roads. The two elevated expressways will meet at Vellara Junction. This will definitely decrease the traveling time giving some degree of satisfaction to the people. Bangalore Real Estate Developers are aiming that these expressways will also boost Bangalore properties.

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Chennai Real Estate – Forging Ahead

India’s real estate development is expected to grow at a pace of 30 per cent annually. This has a direct impact on the mega cities, especially the four metropolitans that provide real estate opportunities to grow manifold. Chennai real estate cannot be far behind.

There has been a huge demand for real estate in Chennai amongst the commercial and residential properties. In recent years, the city of Chennai has experienced a complete turnaround in its all-round infrastructure. The combined initiatives of the Government of Tamil Nadu and the Central Government are paying rich dividends in terms of approval of real estate projects related to infrastructural upgradations in Chennai.

Tata Realty and Infrastructure Ltd (TRIL) announced an agreement with Tamil Nadu Industrial Development Corporation (TIDCO) to jointly develop an IT special economic zone (SEZ). TRIL is a new enterprise of Tata Sons Ltd, the holding company of the Tata Group.

The SEZ will be implemented in two phases – the first phase of 2.30 million square feet will be ready by end-2009 and the remaining 1.70 million would be completed by 2011. TRIL has embarked on several projects for real estate and infrastructure development.

Located on a 25-acre plot in Taramani, the SEZ will include a five-star hotel or service apartments, an international convention centre and help generate direct employment for 40,000 people and indirect employment to another 15,000. Chennai real estate most certainly contributes in boosting economy of the state.

Not only Chennai Real Estate is developing rapidly along side the government of Tamil Nadu but also foreign developers are showing valuable interest in the Chennai real estate. For instance, the Lee Kim Tah Township development in Siruseri, near Chennai, reflects the success of Singapore companies who have forged successful partnerships with their Indian real estate counterparts.

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Kolkata Real Estate – Following Metro Trends

Real estate in Kolkata is undergoing industrial and residential development since long. Trying to catch up with the trends in other metro cities Kolkata is also opening doors to modern day real estate constructions. People buying apartments in Kolkata are now looking for premium lifestyle options.

Kolkata real estate developers are constructing efficient buildings so the people investing in real estate need not to think about the quality of construction. According to real estate agents, people consider things like locations, the amenities and also the builder before buying a property in the city. Typically, apartments in Kolkata have less property prices as compared to other metro city.

Home buyers have plenty of options available for them in the market as Kolkata properties offers range of housing from the affordable to the posh and expensive. To buy an apartment in Kolkata the prices would vary distinctly depending upon location and infrastructure.

Real estate developers like DLF Group, Unitech and Diamond Group are launching their residential projects in the city leading to appreciation in property prices.

Key residential areas in Kolkata where property prices are higher than others are Belvedere, Ballygunge, Southern Avenue, Lower Circular Road and Park Street. The apartments in the city have strong feasibility both for rental and resale. The growth of the software industry around Salt Lake and Rajarhat has generated strong influx of manpower from all over the country. As a result there is a great demand for rental housing. All this has led to apprehension in Kolkata Real Estate market.

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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.

Jaipur – The Latest Real Estate Trends

Jaipur, also popularly known as the pink city is largely famous as a tourist destination. Last few years has seen a lot of developments in terms of IT/ITES companies entering the Jaipur market due to affordable labour and cost of operation. As a result Jaipur properties have seen a lot of developments in terms of property transactions.

As the ratio of demand to supply is deficit, there has been remarkable escalation in the Jaipur properties rates. The infrastructure is now powered by connectivity with the 8-lane expressway and proximity to international airport. This city is set to go up to 25-30% by 2010.

Jaipur real estate builders are of the view point that investors are ready to buy apartments in Jaipur but the demand has shifted from the Walled City or Old Jaipur to locations like Ashok Nagar, C-Scheme and Lal Kothi. Vidhyadhar Nagar, Vaishali Nagar and Mansarovar.

These upcoming residential locations are mainly on the outer fringes of city. New residential projects like Omaxe City, Sushant Lok, Parsvnath Narayan City, Amarpali and Vatika are coming along Ajmer Road, Tonk Road and Kalwar Road.

In the residential segment, Bani Park, Malviya Nagar and Raja Park have also witnessed a decent appreciation in the last two years. Jaipur Real Estate Developers are of the view point that recent trend is seen that most of the investors are readily buying apartments in Jaipur and converting them into serviced apartments.

As most of the tourists prefer these serviced apartments in comparision to hotels as it gives them a homely experience.

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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.

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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.

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Aquila Heights-Tata Housing Project – Triggering Bangalore Real Estate

Bangalore real estate is all set to add a new chapter in its profile by re-framing the infrastructural design of the city. The IT triggered city is soon to revolutionize the real estate industry by constructing the tallest building. Tata Housing Development Co. Ltd is coming with their new residential project which is going to be a tallest grade A building.

A 32 Storey residential apartment is planned to be constructed at HMT near Jalahalli. The project is named as Aquila Heights is luxury apartment housing for the elite class of people. With this news Bangalore real estate markets already experienced some activity. Bangalore properties are witnessing some price hike as the residential values across the nearby localities are appreciated.

The project spreading over 6.3 acres of land is designed by Singapore based architects Ong and Ong Ltd. The structural design is such that approximately 89% area is left as open space. The project is estimated to complete by 2010. Huge amount of investments are being made by the investors and foreign investments can also be seen.

The luxury apartment is designed to facilitate the premium class and is featured with the all comfortable as well as lavish amenities. Features such as TV monitored lobby, video doors phones, outdoor fitness area, boom gate, space for billiards, badminton, gym, table tennis, kids playing area, swimming pool etc. Interiors of the apartment is constructed to give a superior finish and to give a perfection touch. Use of vitrified tiles on the floor, acrylic paint, aluminum glazed windows etc are the few parameters taken in account.

Bangalore Real Estate Builders are saying that investment in Aquila height is going fetch high returns in coming years as the project is related to the sense of pride to live in the tallest building in Bangalore. With all this Bangalore property is again ready to set an infrastructural trend in the country.

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Properties For Sale in India

A fundamental real estate investment mantra in India is that emerging localities are preferable to established and often saturated ones. Expressing their views on real estate markets in the year ahead, property consultants say that established areas eventually reach a peak in terms of appreciation potential, after which the growth rate either slows down or stagnates, moreover, there is little scope for new market drivers such as malls to find a place in saturated localities-where, property prices remain high.

According to property consultants Jones Lang LaSalle, this is not the best of scenarios from an investment point of view, since optimal investment requires low entry levels and appreciable growth within a realistic time-frame. Therefore, as one or the other destination reaches its peak potential on all these counts, new ones come into the limelight. Here is an overview on some emerging Properties for sale in India:

. Chandigarh: Though there has been a lot of speculation on Punjab’s real estate market, Chandigarh is among the emerging cities that are seeing very encouraging real estate trends. It is India’s first planned city, and it conforms perfectly to the key parameters by which we judge a city’s growth – property market, people, physical infrastructure, social infrastructure, and business environment. Areas where properties are available for sale include Panchkula (Rs. 2500-3000/sq.ft.), Mohali (Rs. 1500-2500/sq.ft, Dera Bassi (Rs. 1300-2000/sq.ft.) and Zirakpur (Rs. 2700-3200/sq.ft.).

. Indore: Indore’s Real Estate star is fundamentally on the rise, and offers good investment opportunities in project with low entry cost that are located in an area with good appreciation potential. Areas where properties are available for sale : Vijay Nagar (Rs. 3000 – 10000/sq.ft.), Bypass, A B Road (Rs. 3000 – 10000/sq.ft.), Rau (Rs. 600 – 1200/sq.ft.), Gulmohar Colony (Rs. 3500 – 6500/sq.ft.), Green Park Colony (Rs. 800 – 3500/sq.ft.).

. Nashik: Nashik is displaying an increasingly buoyant industrial scenario, with considerable growth expected in the IT/ITES industry. Overall infrastructure and connectivity Mumbai and other regional towns is improving rapidly, lending increased credibility to Nashik’s real estate market. It is a vertex of the Pune-Mumbai-Nashik Urban Golden Triangle.

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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.

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