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

Real estate property in Noida Sector 50

Noida is a large well planned suburb of Delhi, it was intended to be an extension of Delhi providing much needed space for industry and housing in the then NCR.

 

Today Noida is a large township that outgrew its original mandate and also spawned a sister township known as Greater Noida to expand and build upon the mandate that the creators of Noida intended the city to fulfill.

 

Noida and Greater Noida are connected to each other via the Noida Expressway and Noida Extension is the name given to a locality in Greater Noida which is among the first few sectors of Greater Noida to arrive at when entering Greater Noida from Noida via the Noida Expressway.

 

Now that we have cleared that up, let’s discuss where to put our money if we want to buy property in Noida.

Once you have decided to buy real estate in Noida, you will want to know where you can get the best deal for your investment.

Sector 50 in Noida has a reputation as an attractive place to live having great amenities nearby including good schools and the Great India Place Mall, a shopping behemoth which would give malls in other parts of the NCR a run for their money with the scope of its size. It is a prime location in Noida.

 

Real Estate in Noida at prime locations like Sector 50 is priced far below prime localities in Gurgaon. As an example the average price for an apartment at Sector 50 in Noida is 8,000 rupees per square foot, compare this with prices on Golf Course Road in Gurgaon which stand are priced more than twice as much.

 

Still buying property in Gurgaon is not everyone’s cup of tea and for many owning flats in Noida is a sanguine decision.

Much of the property at Sector 50 Noida is priced close to 1 crore, with a few developments priced much higher and many priced a bit lower. The developments here offer a large number of 3 and 4 BHK homes with some even offering the buyer the chance to own 2 BHK flats in Noida.

 

Should you decide to buy a flat at Sector 50, despite your budget, the one thing you won’t be short of is space as even a 2 BHK flat in part of the NCR often has 1200 square feet of carpet area providing the  buyer with a snug, yet not stuffy home. Most 3 and 4 BHK flats in this locality offer a comfortable living space greater than 1600 square feet.

 

With developments by many of top builders in Noida, there is no dearth of residential property in Noida, especially at Sector 50. The area is dotted with apartment buildings which are gracefully adorned from the outside and have landscaped lawns inside.

 

These comfortable homes offer an upscale residential experience to those lucky enough to dwell in them, combined with the high likelihood that most neighbors here would be educated professionals makes owning a home in Sector 50 Noida very appealing.residential property in noida

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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Residential apartments in Hyderabad

Under the deft leadership of Chief Minister Chandarbabu Naidu Hyderabad entered the race to become the Information Technology hub of India. Though it may not have reached that goal yet, it may certainly do so in the in the future.

With nearly all the top IT companies present in Hyderabad, Hyderabad may soon give those who are stalwarts of Bangalores dominance in the IT domain sleepless nights, If not doing so already. Facebook is in Bangalore, so is Qualcomm (if you are reading this on an Android phone there is a good chance that the processor in your phone has been designed by Qualcomm). These are among the most dynamic IT companies in the world and they have a presence in Hyderabad. If I were from Bangalore, I would be worried.

Forget IT; Hyderabad is now also racing ahead as a Biotechnology and Pharmaceutical hub as well.

So what do all these tech wiz’s working during the day in Hyderabad and exporting software to the result of the world do at night? Well they back to their homes in Hyderabad of course. The fact that so many software engineers have moved to the city to work has largely a boon to the city. Hyderabad alone generates a third of the taxes in the state.

All this inflow of money into the state has raised the price of residential apartments in Hyderabad leading to consistently rising prices for real estate in Hyderabad over the past 3 years

Some of the top destinations for builders in Hyderabad are Faluknama Palace and Charminar. Property in Hyderabad at Faluknama Palace is relatively inexpensive with an interested buyer able to purchase a 3-bedroom flat for less than 40 Lakhs

Victory Avenues at Charminar is the scene of developments in the form of plots with fresh plots available for less than 14 lakh Rupees. What makes this destination at Kachiguda particularly attractive is that prices here have appreciated by over 15% in the past 3 years.

Property in Hyderabad at elite neighborhoods like Banjara Hills offer luxury apartments in Hyderabad, an exciting property by Shri Krishna developers offers 3 bedroom apartments starting at 1.3 crores. Lotus Properties has a development at Banjara Hills which has appreciated by over 12% over the past 3 years; with a starting price for a 4 bedroom flat here a little less than 2.6 crores.

Undoubtedly the location for luxury apartments in Hyderabad, Banjara Hills is nearly as expensive sounding as the name suggests. Possibly among the most expensive properties in the neighborhood is a development by Brigade costing nearly 5 crores for a 4 bedroom apartment.

Faluknama to Banjara Hills may seem to be on the opposite sides on the planet yet both these neighborhoods are a part of the same city. Such extremes in the price of property in Hyderabad simply shows that the city caters to home buyers of all segments; from the newly upwardly mobile having a go at the big city, to the mature sophisticated home buyer who has amassed his earnings and proven himself in the world.

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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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Real estate market in India

Real estate market has been a key contributor in Indian economy.  Over the years, the real estate market has seen many ups and downs and was subjected to many changes and downturns. Even a few decades ago the real estate market in India was hit hard due to high inflation and adverse economic and business situations. But after the long prevailing slumber & subdued sentiments in the recent past, finally the Indian Real estate industry has started showing signs of recovery.  A positive change in buyer’s sentiments have been observed across most of the Indian cities.  With lots of positive sentiments, the real estate industry has once again tightened its belt to set milestones. Contributing almost 5-6% of the country’s total GDP, real estate emerging as an industry the backbone of Indian economy, it is the highest employer in India.

 

Many new players have also entered into the industry in the recent past. Over the years, significant changes have taken place in the nature of the work. From traditional to automation, the real estate industry has come a long way and it has been a paradigm shift. The increase in the number of players in the market and real estate property in India is a proven example of this.

 

But when it comes to real estate websites in India, these offer a lot to the investors which makes their work easier. Here are few examples –

If one is searching for a property, the first thing which comes to their mind is locality. They look for a property which would be near to their work place.  One can easily check out the available options and types of properties, amenities, specifications etc. Because it will take a lot of time to see the all the properties on ground. Real estate websites in India provides a cost-effective platform to search your dream-house, anywhere in the country.

 

Flexible Price Range:  One can easily search property according to their budget.  The real estate websites in India have properties available in different price segments as they cater to the needs of all the classes of the society including the lower, middle and upper stratus.

 

Different types of Properties: Another thing which the portals offer is the flexibility to choose from different kind of homes. Whether one is looking for a two room apartment or a studio room or a bungalow, it is very easy to select the type of property and get all the available options in one go.

 

Price Trends: The major advantage of the property websites in India is that one can easily check ongoing price trends for residential and commercial properties, over a given period and also estimate the current capital rates in the realty market, in a particular locality.

So, real estate websites in India serves as a powerful tool in property searches, that is time – saving, cost effective, result oriented and easy to use.

 

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

property in Ahmedabad

A colleague with whom I had reconnected after a gap of several years had often expressed a moderate dislike of our current Prime Minister, he felt that perhaps our country needed a gentler leader rather than an (as he saw it) a slightly authoritarian one.

It turned out that my friend was a claustrophobic and could never bear to stand in an elevator no matter how short the trip. Eventually he bought a home in Satellite. I knew that there were more affordable homes in Ahmedabad than the upscale part of Satellite, I knew of real estate developers in Ahmedabad whose homes sold for only about a crore. Yet the property my friend had bought at Satellite cost well over 2 crore.

That’s when I realized that I had misjudged; my friend and I were most likely separated by more than 3 paygrades.

 

Imagine my surprise when upon our last meeting he could not stop gushing with praise for Mr. Modi, I asked him what had brought about this change. It turns out that he had been transferred by his consultancy firm and had been living in Ahmedabad for the past one and a half years. He remarked how wonderful it was, the seamless flow of traffic and the power supply which never failed. It would appear he was a changed man; living in a new city had transformed him from a staunch liberal into a moderate. But such stories are not out of the ordinary when the city in question is Ahmedabad.

 

My Colleague is now keen to keen to own a home in the Ahmedabad, so enamored is he with the city.

 

Property in Ahmedabad is among the most expensive in the state of Gujarat and the city is the financial hub of the prosperous state of Gujarat. Real Estate in Ahmedabad is relatively inexpensive as compared with other large areas such as the Mumbai Metropolitan Region and NCR. Even in the most upscale parts of the city rates for property in Ahmedabad can be below 6,200 Rupees per square foot.

Bodakdev, an affluent region of the city is witness to new projects in Ahmedabad by builders offering 4 BHK 4,500 square feet apartments for as low as 2 crore. One of the top builders in Ahmedabad such as the JP Iskon Group is among the developers building luxury apartments in this part of the city.

 

Several real estate developers in Ahmedabad have a large number of upcoming projects near the SG Highway which connects Ahmedabad to Gandhinagar. Among the top builders in Ahmedabad with upcoming projects on SG Highway are Arise Buildcon, Signature Group and Godrej Properties. These upcoming projects in Ahmedabad offer a great deal of diversity with an offering of flats ranging from 1 BHK up to 4 BHK.

 

One of the top builders in Ahmedabad, Nile Infrastructure Ahmedabad, has successfully constructed several affordable apartments in Ahmedabad in areas of the city such as Makarba. Most such new constructions cost less than 60 Lakhs making them homes to invest in; the size of most such properties varies from 1,300 to 1,800 square feet.

 

I was curious to ask my friend where he would invest his money; I knew that he was two or possibly three pay grades ahead of me and hence had could afford a larger home. I had guessed that he had been looking at luxury apartments in Ahmedabad yet was surprised to learn that eventually he settled on a house in the city.ahmedabad

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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