Property in Greater Noida

All seems be slowly turning around for property in Greater Noida, the real estate market at this suburb of Delhi it seems is slowly picking up steam, waking from its slumber to take its place as a hot spot real estate destination on an equal footing with other better connected parts of the National Capital Region. Greater connectivity with surrounding regions is what Greater Noida was sorely lacking in the past, however with the enhanced connectivity with Noida via the Noida Greater Noida Expressway as well as the ongoing work intended to establish a metro link to Greater Noida. This region previously in a lull, is now being given a second look by businesses as a good location for commercial space and by households keen to buy a home.

 

Despite the improving consumer sentiment directed towards property in Greater Noida, it does come on the back of affordability of home ownership rather being shaped only by the appeal of Greater Noida as an attractive real estate destination. For homebuyers keen to own their own house, the opportunity to own 2 BHK flats in Greater Noida for below 50 lakhs, may prove to be an attractive opportunity. Furthermore, with the regions continuing strides towards greater connectivity with other important areas of the NCR, the downside to owning a home at Greater Noida may be less in investor’s eyes. In addition, the greater connectivity and the imminent arrival of the metro line may mean that prices in future are likely to rise at the locality.

 

Although the news is quietly optimistic for property in Greater Noida, the same may not be the case for real estate property in Noida. At Noida the number of units sold during the period fell from the number sold over the previous period. Although the likely cause of such discrepancy is almost certainly the combination of two factors, the newly found greater connectivity Greater Noida now enjoys with Noida and the large numbers of lower cost 2 BHK flats in Noida. The discrepancy shared above almost certainly has nothing whatsoever that may indicate a preference among buyers for property in Greater Noida over property in Noida based on any other factor than those already stated.

 

Many of the upcoming projects as well as those that have been already constructed at Greater Noida are priced at below 50 lakhs, the availability of 2 BHK flats at Noida that are similarly priced is far scarcer, thus the increase in sales for residential property in Noida and a concurrent fall in sales for the same at Noida. As a matter of fact some of the partial increase for property in Greater Noida may be the result of home buyers who may very well have purchased flats in Noida yet turned into speculators opting to invest in Greater Noida instead.

 

It should however be stated that the increase in the numbers of units sold at Greater Noida in 2016 over the same period last year differed by less than 100 units, a less than significant number and though positive, may be too low to indicate that a substantial turnaround in property in Greater Noida, as yet, lies ahead.

 

 

 

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home sweet Hyderabad

 

To own property in Hyderabad may be the ardent desire of many people in the state of Telangana. This desire is not only warranted but also one within reach of many educated people in the state, and if there is one thing Telangana has no shortage of it is educated people. It came as a surprise that all three IIT toppers this year were from the northern part of the country; the biggest surprise was to the people of Telangana who alone had grown accustomed to achieving this feat.

An attractive locality in Hyderabad and the location of many new projects in Hyderabad is Nallagandla.  Located on the outskirts of the city, Nallagandla is an up and coming locality which is touted as an investment destination for real estate in the city. Apartment prices at Nallagandla have already appreciated by close to 20% over the last 3 years and are currently priced at close to 4200 rupees per square foot.

Much of the property at Nallagandla is priced within the reach of middle class homes and 2 bedroom apartments on sale at price tags of 35 lakhs or lower are commonplace.  While the price of 2 bedroom flats at Nallagandla reveals low variability between the prices of 2 bedroom flats constructed by distinct developers, the range of prices for 3 bedroom flats constructed by different developers tends to be wider and hence shows a greater variability. For example, a great deal of 2 bedroom flats on sale at the location are priced at or near 35 Lakhs, whereas the prices for 3 bedroom flats can be found to range from 40 Lakhs to 80 Lakhs.

The trend mentioned above may not be unique, perhaps hinting that some developers at Nallagandla are colluding to sell 2 bedroom flats at close to rates mutually agreed upon, and attempting to sell 3 bedroom flats at slightly exorbitant rates.

Nallagandla, is the site of many new projects in Hyderabad as well as a great many upcoming ones. With very few developments that are more than 5 years old and with many new developments under construction, Nallagandla is in the midst of a construction boom and is home to many new residential projects in Hyderabad.

Property in Hyderabad will always sell for a premium, as a metropolis with a higher standard of living than many others in the country and with a powerhouse technology sector there is little to indicate that a city like Hyderabad could ever go bust. Commonsense would indicate that with the massive urbanization occurring in our country, there is little chance that people from all across the country would stop coming to seek opportunities in Hyderabad.

All of these newcomers into the city, whether professionals or not, will aspire to own apartments in Hyderabad. Many will work tirelessly to attain this goal; a great number of them will succeed. Those who do will likely take a home loan from a bank, the money taken on loan from the bank will go on to become part of a developer’s revenue. The developer will use this revenue and construct a development for those who took a home loan.

As long as tens of millions of Indians all across the rural and small urban centers of the country seek and find opportunities in the nations large urban centers, investing in property is a good bet, if not a great one.

Residential Real estate in Hyderabad

upcoming projects in Hyderabad

Cyberabad better known as Hyderabad, or maybe it’s the other way around, is the capital of Telangana and one of the major cities in South India. With good reason it is famous for its information technology sector with most of the world’s top technology companies present in the city. Companies like Qualcomm and Google have or soon will have a presence in the city.

What has this done to the price of property in Hyderabad? Well what you would expect, the price of real estate in the city has appreciated significantly over the past 10 years.

As one of the oldest business districts in Hyderabad, Abids has seen extensive growth and development over the past few years. It is a prominent business hub as well as a top residential center in Hyderabad. Although a great central location much of the property in the locality is available either as plots or builder floors.

Another attractive location to buy property in Hyderabad, Bagampet has grown in importance in the past few years due to the presence of a large number of MNC’s in the area. Much of the housing in this part of the city is upmarket; projects by builders such as Vermont are priced to sell at over 2 crores. One such project at Begumpet offers apartments in Hyderabad at sizes ranging from 2400 square feet to 3800 square feet.

Among upcoming projects in Hyderabad is one by top builders Raam Developers. It offers 3 BHK flats under new bookings for less than 1.1 crores. The resale price of this property has mildly appreciated and the project is slated for completion by December of next year.

Miyapur, another post Hyderabad address has large numbers of flats for sale, most priced under 1 crore. One such society by SMR Holdings offers 2 to 3 bedroom flats ranging from 45 to 65 Lakhs, though the property may have depreciated in value over the past year, this may only further enhance its prospective as an investment destination for speculative buyers.

If the buyer is interested in affordable housing in Hyderabad, then a development by Yashoda completed last year may be suitable. Located once again at Miyapur, the society offers 3 bedroom flats ranging from 34 to 38 Lakhs. The property has already appreciated by 5% since its completion

For a lover of luxury who seeks out only the best, but still has his feet on the ground, a very suitable development at Kukatpally by Ramky may be appealing. The society offers customers 3 to 4 bedroom villas at prices ranging from 2 to 2.5 crores.

Even though property in Hyderabad has everything suitable for a variety of homebuyers, it still offers property priced at rates far below those in other parts of the country. In addition, the city has a greater skew towards consumers who to own plots than most other burgeoning cities in India do.  Whatever your preference you may seek it out here, the city offers some of the most affordable housing in India with even luxury flats in Hyderabad priced over 5 crores not as common as in other parts of the country.

 

 

 

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Property in Mumbai

I think we have all heard the names Bandra, Juhu, Andheri and we know where these places are. They’re in Mumbai. The names sound glamorous; we have grown up hearing them ever since we were young children.

For the lucky few who live in these neighborhoods, many look up to you. We can imagine what life is like for you as you frequent all the glittering shopping malls nearby during the day, to the surreal and exclusive discotheques you haunt at night. We want to be like you, no we want to be you. We want to own a house where you live. We want to own property in Mumbai.

So what does it take? How much do we have to shell out to live like you?

Well if you have the appetite for it, an apartment by Sach Ishaan Developers in Bandra West can be yours for a little over 4.5 crores. A 2 BHK flat in Mumbai at Bandra costs over 4.5 crores!! Yes of course silly, this is Mumbai, not ostentatious yet backward Gurgaon where you could easily have a 4 BHK for the same price.

The development by Sach Ishaan is only one of several upcoming projects in Mumbai and may I add one of the less expensive ones. Another upcoming project in Bandra by one of the top builders in Mumbai Jaycee Homes, costs more than 7.6 crores, the good news is that for this price you can have your very own 3 BHK flat in Mumbai, courtesy Jaycee Homes.

Ok, so these are expensive flats, does this mean I can never own property in Mumbai?

Let’s look at Juhu, if you are keen to own a luxury flat in Mumbai then you’ve come to right place. A 3000 square foot 3 BHK flat by the Rustomjee Group here would cost you approximately 10 crores. The project is expected to be completed by the end of next year. JP Infra has something a little more affordable in Juhu priced just under 5 crores, and good news, it’s a 3 BHK, practically a mansion in a place like Mumbai.

If the properties I mentioned above made your heart sink, don’t worry; actually don’t worry too much. Andheri may just be your cup of tea. If you are seriously keen to own property in Mumbai but don’t have the cash to shell out for a decent home in Bandra and Juhu, Andheri West may just be it for you. A 2 bedroom property by Adani here starts at just under 3 crores, a steal all things considered.

Mayfair has a property in Andheri West with prices starting just under 3.5 crores for a 2 BHK 1300 square foot flat. This is a newly constructed property which was just completed in January of this year. The same building also has 4 BHK flats for approximately 4.7 crores.

Bandra, Juhu and Andheri are about as upscale as you can get in Mumbai, every small kid growing up in a Mumbai slum who dreams of making it big dreams of owning a home in one of these neighborhoods. Things may not be as difficult for us, if you are reading this then there is a fair chance you too could one day own a home in Andheri, or if you are really successful maybe even at Juhu.

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Residential Property in noida

Property in Greater Noida showed tremendous promise a decade ago, and if some top members of the Uttar Pradesh government get their way property in Greater Noida may once again be among the top investment destinations in India.

The government of Uttar Pradesh has already requested the aviation ministry to build an international airport at Jewar. If things go as planned by the UP Government, it could mark a turning point for residential property in Greater Noida, a market in a slump which never quite to rose to fulfill its promise. Sources say close to 2,400 acres of land have been acquired for the proposed airport.

Could this finally happen? Perhaps the more important question is should it happen? The International Airport at New Delhi old thought it may be, is still not operating at peak capacity and may not do so for several years. The volume of air traffic at the Delhi Airport is nowhere near peak capacity potentially raising the risk that another International Airport in the NCR region would result in wasteful expenditure and possibly a new ghost airport.

Reasons to construct a new International airport at Greater Noida vary between utility, vanity and a me too mentality, with the former two as the more plausible reasons. There is little to make the case for an utility argument when another airport within the NCR is years, perhaps decades, away from reaching its peak traffic limit.

Vanity certainly plays a part, as due to the easy connectivity of Gurgaon with New Delhi, upcoming projects in Noida have diminished in number and scope. A new International Airport at Greater Noida could certainly resurrect the market for property in Noida and give the city added prestige. Me-to is the concept understood by the masses who would just love to have a new international airport, who knows, one day they may even catch an outbound flight from it to an exotic foreign destination.

Whether the city of Greater Noida really needs a new International Airport is debatable and I would love to hear plausible arguments from the other side.2

does Mumbai offer good Property Investments ?

The commercial and financial center of India, Mumbai is also India’s most populous city, with an estimated population close to 2 crores.

With such an abundance of people living in the burgeoning megacity, the demand for property in Mumbai is very high. Even though there are many builders in Mumbai, the demand for property in Mumbai shall for the foreseeable future easily outstrip demand.

 

As the city has little room for expansion, property in Mumbai is expensive and flats on average are much smaller than those in other large Indian cities. Prices for property in Mumbai have appreciated slightly over the last three years from an average of about 40000 Rupees a square foot to little more than 45000 Rupees a square foot. Hence if one were to analyze real estate trends in Mumbai, we would find a moderately more expensive real estate market from the one three years ago.

 

Even owning a 1 BHK flat in Mumbai is no mean feat as demand always exceeds supply driving property prices skyward. A 1 BHK Flat in Mumbai is likely to cost upwards of at least 25 Lakhs, and other better quality homes of the same size may cost almost twice as much.  The size of such flats in Mumbai may vary from 550 square feet to 800 square feet.

Property rates in Mumbai have delivered a an annual price growth close to 10%, the size of the city coupled with limited space to expand and an ever increasing immigrant population have led to a deficit of affordable housing in Mumbai.

 

One of the builders in Mumbai, Lodha, offers 2 BHK apartments in Mumbai at Thane West for just under a crore. The apartments in question are a little more than 1000 square feet in size and have 2 bathrooms. What really makes them out of reach of the vast number of Mumbai’s residents is that even if the buyer were to take a loan, they would still be paying an EMI of close to 1 Lakh a month. Compare this with Gurgaon where a buyer can purchase a property of nearly twice the size at the same or slightly higher EMI.

Rahejas is definitely one of the top builders in Mumbai. Upcoming projects in Mumbai under constructed by the group cost well over 1.5 crores but are still dwarfed in living area by similarly priced properties in the NCR.

 

Residential projects in Mumbai are expensive, no one would ever say otherwise. Three to four thousand square foot luxury flats in Mumbai could cost you to the tune of 6 crores. To their credit however such luxury flats in Mumbai may have more innovative design being designed by more skilled architects than those in other major cities in India, making them a great place to live.

All in all flats in Mumbai cost the customer much more per square feet than real estate in other major urban centers in the country. While we would never say not to buy property in Mumbai, we would say that when buying real estate in Mumbai, your long term intention should most certainly be to live in your flat and not to simply look for appreciation; there are others parts of the country better suited for that.

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hyderabad- the Real Estate Destination of India

Looking for new home? Are you unsure where to invest your nest egg? Hyderabad may just be the place you’re looking for.

Residential Property in Hyderabad has come a long way over the past few decades and has now attained what economists term “investment grade status”. With property in Hyderabad showing an upward trend graph over the last 3 years with average price for property in the city rising from nearly 3200 Rupees per square foot to almost 3800 Rupees a square foot today, it seems there is no stopping the property juggernaut in Hyderabad’s property market.

 

If an investor wishes to invest for appreciation in upcoming projects in Hyderabad, this may be the right time. There are nearly 441 new projects in Hyderabad under construction and if one were to extrapolate using previous years tends, an investor could very well purchase an apartment and sell within a few years gaining a handsome return.

 

The construction of residential projects in Hyderabad is vast and numerous with some of the top real estate players in the fray. With quality builders offering 2000 square foot apartments starting from as low as 70 Lakhs, there is no shortage of affordable housing in Hyderabad.

 

For wheelers and dealers who understand the market with a great deal of sophistication, Hyderabad has a great deal to offer as well. The famed Lodha group is present in the city with a new development scheduled to be completed this year, considering the quality of the builders past projects even a neophyte investor can easily invest comfortably and be assured of  good returns.

 

A city once famous for its delicious food, especially its biryani, times have changed. There is an upbeat atmosphere in the city and not just because the home team won the Indian Premier League title beating no less than Bangalore. The high work ethics of the people of Hyderabad combined with values emphasizing education have begun to pay off for the city dwellers, the boom in real estate in Hyderabad was preceded by a boom in Information Technology. All this was due to the cultural values of the inhabitants of Hyderabad who prize hard work and education.

 

All of this success has not made the citizens of the city complacent, the high standards of their biryani have not dropped an inch as I was told by my relative who visited the city last week. I was angry at him for posting the photo of the dish on Facebook as it made by mouth salivate leading me to binge, and I’m trying to lose weight.

 

Buying property in Hyderabad can be a cinch even if you are not an insider and unfamiliar with the market.  A top real estate website in Hyderabad http://www.PropChill.com can be a great help for an interloper who intends to partake in the extraordinary growth in the residential property in Hyderabad.

On my next visit to the city, which I see happening within the next 3 weeks I intend to visit areas where the most frantic new projects in Hyderabad are being constructed. Namely, Tellapur, Gachibowli and Hitech City.

 

While there I intend to play golf at one of the city’s golf courses, I’m not a member but my cousin is and he sure as hell owes me.

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