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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Dharavi’s Profile in Mumbai Real Estate

Dharavi, the thriving 200-hectare of land in the heart of Mumbai, home to over a half million people, is one of Mumbai’s prime properties.

With real estate values sky-high in Mumbai and a key commercial district on the cards in north of Dharavi; a multi-billion dollar redevelopment plan for this area is now up.

Booming economy

An annual business turnover of more than $650m (£350m) a year is what Dharavi’s contribution to Indian economy is.

Dharavi has a hefty number of flourishing small-scale industries that manufacture embroidered garments, export quality leather goods, pottery and plastic. Most of these products are sold in domestic as well as international markets.

Apprehensive of impending redevelopment plans, residents have raised their concerns fearing uncertainty over the relocation of their small businesses in the informal sector.

The existing residents are believed to be shifted to apartment units. Mumbai is offering them an area of 225 sq.ft each in apartment blocks but there is no space allocated for their prolific enterprises, say media reports.

An ‘affordable’ alternative

Moreover in a city where house rents are among the highest in the world, Dharavi provides an economical and affordable option. As Dharavi is situated between Mumbai’s two main suburban rail lines, majority of people find it convenient for work.

According to industry sources, rents here can be as low as 185 rupees ($4/£2.20) per month.

Future Outlook

Dharavi’s location has made it a hot property in Mumbai Real Estate. The redevelopment project is estimated to cost $2.1bn (£1.1bn) but intended for a city that personifies India’s hopes of becoming an economic competitor to China this costs zilch.

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Gurgaon Real Estate – Slump Continues

Gurgaon properties have seen a vital growth in the city’s development, thanks to Gurgaon real estate builders. The DLF Group is one of the foremost real estate development companies of India that have majorly contributed in the development of Gurgaon. The company is widely known for the development of both commercial and residential projects in Gurgaon.

However, the Gurgaon real estate developers are also facing a certain challenge like their counterparts in other parts of the country. Those economic drivers that form the basic spinal chord for running the property business, are facing a downward trend. This is the major reason currently that has further resulted in pushing down the demands for buying of property.

The current trends disclose that there is apparently a clear drop in the interest of property purchase by the end users. There seems to be no sign of recovery at least for the next one year, claims a local broker based out of Gurgaon. This is the reason why real estate in Gurgaon is undergoing a lull.

According to a market survey, more than one-third of the residential units in the newly constructed projects in Gurgaon are lying vacant. However, the Gurgaon Real Estate Developers do not disclose this fact to dissuade the buyers.

But the positive side is that all those who are really interested in buying property in Gurgaon can go ahead and negotiate with the real estate agents at Gurgaon.A lot will depend on your negotiating skills is so go ahead and take a chance. Gurgaon properties are waiting of you.

Growing Prospect For Investing in Ahmedabad Real Estate

Ahmedabad is better known as the capital city of the state of Gujarat. It is the seventh largest metropolis of India. A city more popular for its industrial background, is now growing on the real estate map, slowly and steadily. Ahmedabad is among the top 10 cities to reside, invest and earn, according to a study ‘The city skyline of India 2006’ conducted by Indicus Analytics. Surat and Ahmedabad are also ranked in the top ten ‘alpha cities’ also classified by the study as the elite club of 10.

Ahmedabad enjoys strategic location advantage of proximity to Mumbai, commercial capital of the country. Western, Middle East and African markets are also accessible. Going by the ever growing construction of skyscrapers, shopping malls and multiplexes, the city is moving on fast. Investors and NRI Gujaratis have been attracted due to its mega city status and the strides it has made in terms of healthcare, cuisines and malls.

Retail and information technology are the upcoming sectors in the state. IT parks are being set up. Projects in the auto parts industry are being planned for the city. An arterial road network of 155 kms has been identified for a Rs 950 crore Bus Rapid Transit System (BRTS) in Ahmedabad.

S.G Highway and Ambawadi are the places where IT companies are coming up with their campuses. Prime residential areas are Sabarmati, Vastrauram, Satellite, Ambavadi and Chandkhera. Prime Commercial areas are C.G road, S.G highway Satellite, Vastrapur. Coming of SEZ will further boost real estate residential and commercial values because of increase in number of floating population. Current Ahmedabad real estate market is less expensive as compared to the neighboring localities and this is going to be a crucial factor – as more number of International players will establish their campus here.

Sardar Vallabhbhai Patel International Airport serves both as a domestic and an international airport for the city and neighboring states. It operates direct flights to all other major cities of India. The National Highway 8 which connects Delhi to Mumbai passes though Ahmedabad. The National Highways Authority of India (NHAI) has signed two separate agreements with IDAA consortium and Larsen & Toubro (L&T) for upgrading the highway under a BOT (build, operate and transfer) scheme. The Metro Rail Project is being planned with private sector participation.

Current focus is on infrastructure by privatizing ports and building integrated townships. The government is encouraging in a big way, technology parks, education based townships, medical and healthcare townships, tourism-related townships, Logistics Park and residential townships.

Skilled labour, availability of land in market, quality real estate, low operational costs, good connectivity, supportive government policies and entrepreneurial culture are the city’s strengths. There has been a tremendous demand for low-rise buildings, bungalows and row-houses, say local realty agents. However, social infrastructure has still not matched the desired pace. Hence, self-contained and integrated projects will have better prospects.

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Bangalore Real Estate Focusing on Sustainable Development

Bangalore real estate is mushrooming with the property prices going up and down at the same time at different places within the city. Bangalore real estate builders are more concerned about the planned and strategic development of the city.

The state government is also taking initiatives and deep thoughts as to how and where to expand further real estate in Bangalore. The development should happen in such a manner that it doesn’t lead to further congestion in the city. Secondly should have proper social and physical infrastructure linked. And thirdly it should be connected to the CBD.

The government and the authorities are closely working as to expand public transport and give some more space and satisfaction to the common people. Metro project is being given attention to plan it in a manner that it will help in de-congesting the traffic and make the Bangalore properties more accessible. Elevated road and expressway is the other project on which government is working efficiently to connect east – west and north-south of the city through elevated expressways.

People are also becoming aware and are actively participating and following the state laws. For example in Bangalore it is mandatory for the school children to come in school bus irrespective of the distance. This will help in reducing number of vehicles on the road in the morning in front of schools. Car pools are the second thing that can be seen there where people themselves are taking a step to form pools while going at a same place.

In this way government and public are joining hand to retain their heritage and at the same time make progress. Bangalore real estate prices are also gets influenced by this news. As better infrastructure and connectivity are the main parameters on which capital and rental value of the property depends thus Bangalore Real Estate is currently undergoing a mixed phase.

Hyderabad – Creating Classy Real Estate Transactions

Hyderabad Real Estate is one of the preferable markets in India. With the reasonable prices and booming market renowned developers are making a beeline to the city. Many new residential and commercial projects are coming here to fulfill the requirements of end users.

Hyderabad has become the IT/ITES and BPO center. All major companies are setting their branches in and out of the city which further has increased the residential demands also. Luxury apartments and villas are coming up in large numbers in the suburbs of Hyderabad. The most-favored spots for bungalows are Nizampet, Bachupalli, Kompally, Shamshabad, Medchal, Uppal, Nagole, Maheshwaram, Shameerpet, Srisailam Highway, Gachibowli, Banjara hills and Jubilli hills. There is huge demand for apartments and villas also, which are being built near major IT hubs, Shamshabad airport and outer ring road.

With the coming up of many multinational companies and high scale salaries has change the life style this has increased the need of good malls and markets also. Numbers of retail malls and complexes are coming here in and around the city. DLF commercial project is under construction in Hitech City and Maheshwaram commercial project in Shamshabad is also under construction. The rates of shops in mall is around Rs 5000 per sq ft to Rs 12000 per sq ft where as the rates of retail shops in local markets is Rs 4000 per sq ft to Rs 5000 per sq ft.

Infrastructure of the city is also an important reason for the development. Coming Outer ring road and flyovers have reduce the traffic jam and connect the city with outskirt localities also. Real Estate market of Hyderabad is expecting good deals in future with hundred percent results. Mr Shiv Shankar Naidu Hyderabad real estate agent says presently the property rates are down which has increased the commercial and residential transaction.

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Floored!

Flooring is perhaps one of the most important decisions that you will make for your home. Flooring needs not only to be attractive but it also needs to be functional. While choosing flooring the most critical feature today is ‘aesthetics’, besides price, usage, material and other such considerations. A wide spectrum of products, right from the framed natural marble to faux-finish vitrified, offers varied choice to consumers. Both conventional and unconventional designed flooring options exist. New material such as cork, bamboo and recycled tiles are also easily available. Understanding the importance of beautiful flooring and its significant role in home interiors we have compiled an assortment of flooring options for you to choose from. We have structured the flooring options by type so that it would be easier for you to choose the right kind of flooring most appropriate for the area under consideration.

Tiles

Tiles can be used on almost any type of flooring. Tiled floors are relatively inexpensive and durable. More so, these long-lasting pieces on the ground add creative value to the home.

Ceramic tile: The ultimate floor product that combines beauty with durability. The main advantage of ceramic tile is that it does not stain, mildew, burn or fade. Also, ceramics remain unaffected by moisture. Ceramic tiles can be used anywhere in the house. However, vitreous and impervious ceramic tiles are used outdoors or in bathrooms. Vitreous tiles have solidity of granite and marble yet retain the aesthetic appeal of ceramic.

Glazed Ceramic: This can be used in bathrooms, kitchen and any other room. The outer surface is glazed and gives shinning effect to the room. It also reflects light and creates an illusion of more space in the room.

Stone Tiles: These are suitable for use in rooms, especially kitchens and living rooms.

Brick Tiles: These are used in courtyards, garages, garden paths and passages.

Stones and Cement

Stone and cement flooring is a permanent, beautiful and economical flooring option, suited best for residential spaces. This type of flooring is very receptive to passive solar heating, as it holds and radiates heat long after the sun goes down. Cement tiles can be used in homes wherever solid flooring is required such as drawing room, bedroom, kitchen or lobby. Stone tiles are used for wet areas, especially where slip-resistance is a necessity such as bathroom or entrances.

Room Considerations Option

Living room: This area is a relaxing area for the family or a room to entertain visitors, easy to maintain flooring is preferred.

Option: Carpets or textured, laminated tiles, and hardwood or parquet.

Dining room Avoid choosing light-coloured flooring. Hypoallergic flooring is preferred.

Option: Tile, laminate, and wood.

Kitchen Flooring should be smooth, waterproof and non-slippery. Textured floors should not be used.

Option: Tile, laminate, and wood

Bathroom This room needs waterproof, washable, non-slip flooring. Light coloured and hypoallergic flooring are preferred.

Option: Laminated tiles and vinyl.

Bedroom Natural and soothing coloured flooring is preferred.

Option: Neutral shade tiles give the option of redecorating the room.

Maintenance tips

Do’s

· Sweep, dust mop or vacuum the floor.

· Be careful and protect wooden floors from soiling, abrasive wear, staining, abuse and moisture.

· Place mats and rugs at doorways to inhibit the tracking of grit, dirt and sand.

· If heavy wheeled equipment has to be moved across the wooden floor, wrap the wheel in white masking tape.

· Every monthly move the furniture carefully and use dust control mop to clean.

· Solid wood floors, depending on the traffic, would require waxing/sealing once or twice a year. Waxing/sealing would remove scratches on the floor.

· Buffing would bring the shine if you apply spray polish.

· Once a year or as required: pest control treatment should be done.

Don’ts

· Use rubber or latex backed mating or rugs as the plastic in the backing may discolor the finish and or the wood.

· Pull heavy furniture across the floor. Put fabric glides under the feet of the furniture works to avoid scuffling and scratching.

· Use any equipment that sits directly on the surface in one location for more than four hours.

· Wear high heels or rugged sports shoes which can dent the surface and damage the floor.

· Use tile floor cleaners, e.g. phenyl, on wooden floors.

· Clean your wooden floor with water.

· Use products such as soaps, detergents and oil soaps to clean the floor. As this can make your floor dull and damage it.

· Allow liquids to stand on your floor.

Source: Indian Real Estate (Vol. II)

indianrealestate@brixresearch.com

Real Estate India | Property | Properties in India | Real Estate

Infrastructure Makeover Changing the Face of Real Estate in Chennai

Chennai has retained its traditional charm for long. The city is known for its booming movie industry. Flourishing industries include hand looms, furnishings, fine silks, and traditional and trendy merchandise. Investment on the real estate in Chennai has been on the rise. With the talk of satellite townships coming in the outskirts of the city, the avenue for investment in real estate has never been this good. The landscape of Chennai is all set for a makeover. When the Rs 32,700 core plans for the metro is completed as scheduled in 10 years, the city’s skyline will be dotted with elevated highways, rapid transit ways for buses, truck terminals, mono-rail, a dozen more flyovers and several rail over/under bridges and multi-level car parks to accommodate the needs of an ever-growing populace.

With the impending infrastructure development plans in place Chennai property prices have already skyrocketed. Land prices in the industrial areas of Guindy and Ambattur are seeing climbing rates. In Central Chennai capital values of a multi storey apartment is in the range of Rs 7000-12000 per sq ft whereas West Chennai commands a price tag of Rs 2000-10000 per sq ft for the same. The IT Corridor of Chennai commands Rs 2500-5500 per sq ft for an apartment unit and in South Chennai it is between Rs 3500-10000 per sq ft. The apartment rental values are between Rs 10000-25000 per month in Central Chennai.

Many real estate developers are imminent in the city. L&T South City project is launching Eden Park. It is an integrated township and will be developed with an investment of over Rs 12 billion. The location of this massive project (around 100 acres) is near Siruseri on the OMR (Old Mahabalipuram Road). The project will be based on the concept of villa apartment, in which luxury and privacy of an independent villa is to be combined with the convenience, maintenance and security of an apartment. The project started on 18th January 2008 and will be completed in several phases.

Besides, another project Estancia is also an integrated township from L&T Urban Infrastructure Ltd in association with Arun Excello of Chennai. This project is coming up on 78 acres of land at an estimated cost of around Rs 1800/ crore. It will eventually house 2000 apartments, an IT Park, hotel, shopping mall and a school. L&T will provide the construction and project implementation for this Estancia venture.

The city of Chennai, though small in comparison to other metropolitan cities of India, has had an identity of its own that is unique, yet obvious. With proper infrastructure also in place Chennai real estate is all set to boom.

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