Gurgaon Aiming to be Named as the Boss of Smart Cities Project

The growing demand in real estate sector is a clear indication that the industry is only going to perish within the next five years. The way things have been progressing in this sector is enough to calculate the level of evolution, which is going to help industry professionals to predict the next movement by buyers as well as developers. Gurgaon in particular is proving out to be a benchmark for real estate sector in India as it has been on the forefront of developments. The city is not just a landmark for various realty projects and advancements but also a paradise for those who wish to start out new ventures here.

Some of the latest trends have given shape to this sudden rise of the city and here are a few examples of how future investments are picking up pace-

Separate Infrastructure

Ever since Gurgaon has become independent and away from the hustle bustle of other locations such as Delhi and Noida, the city has shown tremendous advancements. Not just in the domain of real estate but also as a metropolitan location, Gurgaon is becoming a smart city with hopes to showcase extreme progress over the next few years. After becoming a city with its own IT hub in the form of Cyber City, Gurgaon has become a place where many of the organizations have established their corporate offices. Hence, with the help of such modern-day expansion plans, it won’t be too late when Gurgaon would be declared a prime location to invest money.

Luxurious Projects

It is true that affordable housing projects are in demand these days in almost every city, but the luxury housing sector is also not far behind. The projects being started and introduced by builders these days are in sync with the rapid demand in plush properties in India. High-rise buildings and penthouses are now selling out fast and one of the reasons is the interest of global investors all across the world. There are many buyers outside India who are considering this place for their future investments so that they can also settle down here after a few years. Therefore, the luxury housing industry is also revving up and standing in front of the game.

Proximity to Entertainment

Gurgaon’s proximity to different sub-locations such as malls and multiplexes is an example for other cities to expand their infrastructure in the same manner. Most of the properties in Gurgaon are surrounded by many of the entertainment and relaxation hubs for nearby residents. The reasons are enough for a common man to consider the city and make investments to make Gurgaon their future homes. There are already many families that have shifted their permanent locations from Delhi to Gurgaon so that they can enjoy the benefits of a luxurious city.

With the help of aforementioned trends, we can evaluate that buying property in Gurgaon is surely a profitable deal. The city comes as a complete package where a mid-segment property is also built with most of the necessities and other services of a luxury property as well. This has largely helped in the decision making process of buyers who can now easily select a suitable home according to their requirements and budget.

All in all, Gurgaon is a place where the entire region of Delhi-NCR can find its stepping stone to become one of the most desirable regions of India. for more blogs

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Real Estate in Noida

Whereas governments in other suburbs of the NCR may be taking steps, either intentionally or unintentionally, to bolster real estate in their respective region, it seems that authorities in Noida may be making real estate in Noida more expensive for buyers and may eventually lead Noida to lose some of its appeal as an affordable locality to own real estate in the NCR. Recent decisions by authorities in Noida to hike the land allotment rate as well as stamp duty is expected to hurt market sentiments perhaps dangerously enough to shift investment intended towards property in Noida to other regions of the National Capital Region.best property in noida

 

Such decisions, in a part of the capital region which is largely considered a magnate for first time homebuyers seeking an affordable first home, hurts the sentiment that property in Noida is more promising when catering to the masses of the NCR. Whereas property in New Delhi is well out reach of many in the capital and owning a home in the other promising suburb of the NCR in Haryana too has become costly, Noida presented itself as a great alternative to middle class households than regions with much more extravagantly priced homes.

 

Newcomers to the NCR would often be chided that settling down in Delhi is no joke, yet settling down and purchasing property in residential projects in Noida was largely considered less daunting and this suburb seemed to welcome migrants and first time homebuyers with grace and affability. The recent decisions by concerned authorities may harm the current hallowed status Noida and its surroundings regions enjoy as providing affordable homes in a region of the country where prices of real estate are rapidly becoming unaffordable to newcomers.

 

The impact of the decision is likely to affect the price of flats in Noida as well as add additional burdens on builders in Noida who may now have to concern themselves with higher land allotment rates in addition to already higher input costs and higher costs for machinery and equipment as well. Real estate developers in Noida are almost certain to pass on such additional costs to the consumer making real estate in Noida more expensive to end users seeking property in the suburb.

 

As opposed to many other parts of the capital region, Noida caters to end users and Greater Noida in particular is already well known as a preferred location for homebuyers seeking inexpensive lodgings. The decision to increase the stamp duty in Noida by two percent is likely to prove pernicious to residents of the city many of whom are paying a month EMI for upcoming projects in Noida the completion of which has possibly be postponed several times while at the same time these homebuyers are paying rent for their current home. By increasing the stamp duty by 2 percent such a homebuyer has to bear an addition burden in addition to many of the others he or she has to somehow accommodate for.

 

Such significant policy changes at a time when builders are already coping with additional challenges such as delays in the completion of a large number of residential projects in Noida shall likely harm real estate in the region. If the concerned government authority deems such changes necessarily for the fulfillment of a new mandate, perhaps such measures may be introduced at a more opportune time when there may not be so many unalterable additional pressures upon builders in Noida.

 

Areas to buy house in Mumbai

Touted as the financial and commercial epicenter of India, Real estate in Mumbai has always seen great demand. Despite the sky rocketing prices, Mumbai has continued to attract investment from all parts of the country and the world. It has also emerged as a preferred investment destination for NRI diaspora.

With more people showcasing their interest to buy house in Mumbai, the emergence of a couple of hot spots appears as a great bet for early investors.

Captured below are two major hotspots of Mumbai that have witnessed increased traction amongst investors.

Chembur, the central suburb of Mumbai, is one of the prime residential destinations. The major highlight of Chembur is that it connects central Mumbai to Navi Mumbai. Its close proximity to Eastern and Western Express Highways makes commuting easy to Bandra-Kurla Complex and the other business districts of Mumbai. The place also shares an easy connectivity to other parts of Mumbai such as South Mumbai, Thane and Navi Mumbai.  Property in Mumbai, the city enjoys a robust social Infrastructure. It has changed the Skyline of the central suburbs with better social infrastructure. The social infrastructure is well developed with world class hospitals, schools & colleges etc. The area is a home to renowned educational institutions. The Plenty of malls, restaurants, golf course, gyms & clubs etc have increased the attractiveness of Chembur. It has some of the remarkable places such as K Stars Mall, Cubic Mall & Bombay Presidency Golf Club etc. The location offers excellent array of amenities that makes the lifestyle of residents easy and lavish. Chembur has shown price appreciation by nearly 8.37%, that is greater than other localities of Central Mumbai between Q1-2015 and Q1-2016. It is expected to fetch higher returns in future.

Bandra

Bandra, especially Bandra West, is a popular residential destination because of its high lifestyle quotient, despite the fact that it faces a significant degree of traffic congestion.  This area is always a preferred destination for prime property seekers because of its elite crowd and high end shopping complexes. Number of healthcare, education and recreation facilities increase the attractiveness of the place.  Developers there are offering products in redevelopment schemes.

 

Bandra East is also an upcoming residential property destination, especially for investors, since there is considerable rental demand from enormous number of people who have come from outside Mumbai and are working in Bandra Kurla Complex. Both capital and rental values are going to increase in Bandra East, which it is benefiting from the overflow of demand that Bandra West can no longer support.

 

BKC provides excellent connectivity to entire Mumbai suburban areas and it is much closer to residential catchment areas also. The Bandra Kurla Complex is connected to the Bandra railway station on the western railway line and Kurla railway station on the central railway line, which reduces the train travel time by 25-30 minutes. Moreover, Mumbai domestic and international airports are located much closer to the Bandra Kurla Complex.

BKC provides corporates with the contiguous space that Nariman Point, with its multiple ownership pattern, could never offer them. Another reason companies have shifted from places in south Mumbai is safety, which is high on the priority list of MNCs and big Indian businesses.

With these major hotspots, increasing number of people are willing to buy house in Mumbai.property rates in mumbai

Major Hotspots fuel the Demand of real estate in Bangalore

Bangalore is known as the Silicon Valley of the country mainly due to the presence of a number giant IT/ ITES.  Moreover, the city houses some of the best institutes of India which pull number of students from every corner. Bangalore enjoys an amazing cosmopolitan culture which directly impacts real estate in Bangalore. The burgeoning industrialization, increasing population and other favorable conditions have promoted the number of Residential projects in Bangalore.

Captured below are few hotspots in Bangalore that invites for a lucrative investment.

Sarjapur

Sarjapur is one of the fastest developing locations in Bangalore as of now. The major highlight is its excellent connectivity to some of the prominent localities such as Whitefield, Electronics city and Koramangala. Several reputed educational institutions, shopping centers and other fun and entertainment avenues add to its attractiveness.

 

Hennur

Thanks to the BIA, Hennur and other locations in Northern Bangalore are emerging as the new epicenter of Bangalore’s commercial and cultural life. Located on the northern most tip of the city, Hennur is directly connected to BIA through Hennur Road. It also boasts connectivity to major tech parks in North Bangalore such as Manyata Tech park. Like other localities in North Bangalore, property in Bangalore, Hennur has been a late entrant in the purview of Bangalore’s realty landscape. Property prices are still moderately priced with ample scope for future appreciation.

 

Hennur and its nearby location have a healthy blend of both lifestyle living as well as affordable housing assignments. Though over 70% of the property purchases are done with a purely investment oriented intention, these days’ end users are also actively looking to the area. The property prices have appreciated by 16% in the last two years. With an increase in demand, higher appreciation could be expected in the coming time.

 

KR Puram

Strategically located in East Bangalore, KR Puram seems to have excellent investment prospects. Located at the intersection of the Old Madras Road and the Outer Ring Road on NH 75, KR Puram is well-connected. It also enjoys proximity to two major IT hubs-Whitefield and Manyatha Tech Park, which makes it most sought after destination for IT professionals.

 

Hoskote

Located in East Bangalore on National Highway (NH) 4, Hoskote till recently has been an industrial suburb. However, its proximity to Whitefield and other IT parks in Eastern quadrant of the city along with better road connectivity to other parts of the city and the Bangalore International Airport (BIA) has resulted in increase in residential activities. A home to over 200 industrial units, its pace of residential activities is further enhanced due to presence of large parcel of land available at moderate price. Upward movement is expected in the coming time.

 

Whitefield

Whitefield is one of the self-sufficient micro markets in Bangalore, located in the Eastern quadrant. The emergence of Whitefield as a key residential micro market in Bangalore has taken place on the backdrop of a robust IT/ITES industry. The arrival of a robust IT industry has been simultaneously associated with emergence of world class schools, hospitals and malls.

 

 

These major hotspots have fueled the value of real estate in Bangalore and also has also significantly raised its demand.  A number of promising residential projects in Bangalore are in the pipeline that offer state of the art infrastructure and top notch amenities.

 

 

Is Property in India a safe investment Portfolio?

Investing in property is a mandatory requirement in our society, irrespective of status. For obvious reasons, owning a house is essential for any household. It provides social security, a status symbol and sense of ownership to the entire family. Due to the social insecurities with which our society is redilled, owning a property becomes all the more important and remains the top most priority on the ‘must own’ list of a family. Once the essentials are met, owning a second property becomes an investment proposal. At least in India property is seen as an essential item in any personal investment portfolio. Real estate contributes 20% towards the total individual wealth in India, which is very high for a singular vertical. The main reasons for this over enthusiasm towards real estate have been social security and very healthy returns, over a period of time. However, Real estate in India is infected with its own set of problems and insecurities. A few of the issues are discussed in the succeeding paragraphs.

 

Long Investment cycle

Investing in real estate requires a lot of energy, effort and time from individual investors. It requires one to study the market, do a lot of research and homework, ground visits etc. before shortlisting a desired property. After that starts the paper work, which in itself is a long drawn process, in case one is raising a loan, this gets stretched further. Further, if it is a primary market investment the wait for possession can be from 1 year to 9 years. Therefore, the entire process from shortlisting to possession is energy sapping, unpredictable and time consuming.

High Capital requirements

Depending on the city, location and vertical (residential or commercial) the requirement of capital is high, as compared to any other investment portfolio. Therefore, the risk factor for an individual investor is also high.

 

Long Liquidity Cycle

Like the investment cycle the liquidity cycle is also a long drawn process due to the ticket size involved. Therefore, in case of an emergency real estate turns out be the worst investment as it cannot be encashed at will.

 

The Real Estate Market is Unpredictable

The real estate market is unpredictable on a number of accounts, whether it is quality, quantity, delivery, product etc. One as an investor has to be really careful and check, check and check once again, before, as well as, after putting his money. In the end you need to believe in God and pray that all goes well.

 

One fails to understand that despite all the drawbacks why does real estate or property in India, remain a lucrative investment option in India?

There are primarily three reasons, one, we have already discussed is the social security; second is that real estate is somehow associated with extraordinary returns, which to quite an extent is true as well; the third and most important reason is that real estate has been one of the most stable markets, not that it has not gone through slow-downs or down-trends, but it has been able to safely recover out of these crisis over a period of time. This gives an investor the confidence that his investments are safe and would give desirable returns over a period of time.Is-Property-in-India-a-Safe-Investment-Portfolio

 

Can Technology disrupt the real Estate Fog in India?

Real Estate in India has generally remained away from technology, especially the internet. The main reason for this has been the fact that real estate sector has always been thought of as a hardware sector and soft skills had no place. Somehow, Real estate property has remained aloof form the fast developing IT infrastructure and technological advancements in various fields, which could contribute tremendously towards making real estate a progressive sector. Real estate has been uncomfortable to embrace soft technology also because it avoids transparency.  As the sector is connected with a number of illegal and unethical practises and technology has the power to clean up the system, it has been deliberately avoided.

 

The real estate sector needs to realise that internet and technology are here to stay, the faster the sector adopts technology the transition would be smooth, else it would be disruptive. The Indian consumer in the past few years has transformed into a smart user, technology has empowered him to analyse, compare and choose as per his will and desire, we can say that he has been spoilt for choice. It is predicted that 20 billion things will be connected by IOT by 2020 and there would be 5 billion smart phone users’ world over. The smartphone segment has grown 35% y on y till 2015 and is predicted to grow at 37% by end of 2016 in India. By end of 2015 India was estimated to have 239 million smartphone users, having pegged USA for the first time. 60% of internet users in India access the net through their smartphones. In 2015, mobile data traffic in India accounted for 11% of wireless and wireline traffic cumulatively, and the share is expected to swell to 34% by 2020. Mobile traffic per user in India is expected to reach 1,704 megabytes per month by 2020-a huge leap from 185 megabytes per month in 2015, along with a CAGR of 56%. The average smartphone generated 430 megabytes of mobile data traffic per month in 2015, almost doubling up from 299 megabytes per month in 2014. This is expected to touch 2 GB by 2020. There are more than 114.63 million mobile subscribers in India, who access 3G/4G networks to get their everyday tasks done through the web. All these figures are suggestive of the humungous growth potential of the online market and services in India in the years to come.

 

From pencils to fridges; undergarments to electronics; perishables to automobiles the Indian consumer is purchasing almost anything and everything on the net. Integration, synergy and technology are making life and business simply smart. Whether the real state sector likes it or not it needs to embrace smart technologies and grow up to them in case it envisions to expand, grow and flourish. IOT is the future and is going to be the disruptive technology in the coming years at a very fast rate. The real estate sector needs to graduate and exploit technology to reach out to potential consumers who are more and more going to rely on smart technologies.

As far as the Real estate in India is concerned this basically implies that it needs to come out with a clean and transparent approach, which gives the end user the confidence and certainty to access reliable, unbiased and factual information, online. Real estate firms in India need to embrace technology in a manner which empowers the end user with so much of authentic information that the need to visit and verify the inputs on ground should not arise at all. The end achievable state should be that an individual investor is able to purchase a property with the same ease and confidence with which he buys any product online.

Can Technology Disrupt the Real Estate Fog in India

Areas have unlocked the value of residential Property in Bangalore

Bangalore, the capital city of Karnataka has earned the name of ‘Silicon Valley’ due to the presence of several IT/ITES.  The city also enjoys an amazing cosmopolitan culture with a mixed population hailing from different parts of the country. Being the third largest populated city in India, property in Bangalore sees a good demand.

 

The city is also touted to be one of the fastest growing metropolises in the country and houses some of the most reputed educational institutes and research centers in India.

 

Bangalore is considered as an ideal destination for making investments by many foreign investors mainly because the city promises good returns on their investments. The city has abundance of talented human resources, a decent English speaking population, acclaimed educational institutions meeting the international standards, and, most importantly, a good proactive and supportive state government. The favorable government policies and its continuous effort to pull in foreign investment give Bangalore a competitive edge over other cities in India.

 

The city is sprouting on the back of excellent infrastructure, robust connectivity and burgeoning infrastructure. Buy Property in Bangalore is expected to see a higher demand in future as well.

Captured below are some areas in Bangalore that makes a great investment.

These areas have unlocked the value of Residential Property in Bangalore.

Hebbal

Proximity to Bangalore International Airport makes Hebbal one of the sought after destinations of the city. Numerous technology parks and IT companies make the locality one of the best real estate investment destinations of the city. The locality has good infrastructure that aids residential growth, and high speed rail networks are an added advantage.

KR Puram

Proximity to Manyata tech Park and IT hub of Whitefield makes it one of the most preferred destinations for IT employees. Located at NH 4, the locality is 3 Km from Byappanahalli metro station. Improved connectivity also stands out as one of the prime reasons for the growth in demand of residential units in the vicinity.

Indira Nagar

Being a well-developed location adorned with world class civic amenities, Indira Nagar is counted among the most favored residential locales in the city. It is surrounded by a few prime locations like Vimanapura, Byappanahalli and Ulsoor and has recorded tremendous growth in the investment values. Schools, colleges, financial institutions, hospitals and ATMs- all are located nearby.

 

Whitefield

 

Whitefield is a neighborhood of Bangalore and it performs as a gem of East Bangalore, an emerging IT hub of Bangalore city. The IT/ITEs boom of metropolitan city reshaped Whitefield as a major suburb and now has become a major part of Bangalore. There are many reputed multinational companies, which assures good job opportunities to professionals.

Sarjapur Road

Located near the three major established hubs of Electronic City, Whitefield and Marathalli, Sarjapur Road is an upcoming real estate hub. The area enjoys close proximity to the large IT organization, making it a rental hub, apt for those looking for non-residential property investment.

The city is eyed as a hotspot by developers, property buyers and investors. Investment in Residential projects in Bangalore appears to be a great bet for early investors and end users as it is expected to fetch higher returns in future.

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