Chennai Offers Ample Options in Land Investments

Of late, Chennai’s real property market is witnessing an upsurge land investments. Some builders are also focusing on the same. There are ample reasons for considering investing in land in Chennai. Read on to know more.

Land Investments in Chennai

Aggravated by a combination of various factors such as land policies, registration charges, the Chennai property market experienced a mixed bag of signals. Despite all these, the real property market of Chennai continues to be heavily end user driven. While apartments still have a fair chance over all other types of residential properties, of late residential plots have also taken to consumers’ fancy. End users are often seen focusing on buying or investing in residential plots in Chennai. Needless to say, some real estate builders are now focusing on land plots rather than building apartments.

North Chennai, one of the leading property markets of the city has been witnessing a spurt in property investments. And this time, the developers have started focusing on residential plots. Let’s explore one such new residential project that is coming up in the locality of Thiruvallur in north Chennai.

Named Jeevananandam Executive 45, this particular real estate venture has been developed by the Jeevananandam Group. Located in the heart of Thiruvallur, in north Chennai, this project has turned out to be one of the leading ventures for those looking forward to investing in residential plots. These plots are being offered at extremely competitive prices and also promise to offer all kinds of modern amenities. Currently, the plots are priced at INR 5 lakhs to INR 20 lakhs.

Why Consider Investing in Residential Plots?

Of late, investment in residential plots has become rampant among the end users of Chennai. Moreover, investing in a plot in Chennai is nowadays being considered more fruitful than other form of investments. So, why should you consider investing in plots in Chennai? Ponder over these reasons:

Affordability Quotient: Affordability is one of the main reasons why plots score over fully constructed apartments. Both the end users and investors are focusing on this particular segment for investment purpose. A builder was recently quoted saying “The majority of plots fall under Rs 5 lakh budget, with sizes varying from 600-2400 sq ft in the aforementioned localities.”

Returns on Investments: If affordability is the foremost reason, another reason that lures end users towards residential plots is the returns on investments. Resale values and returns on investments are much higher in case of residential plots.

So, if you are planning to look beyond the ordinary investment options within real estate, you may consider investing in residential plots in Chennai. Therefore, go ahead and grab the deal as soon as you can.

Sampurna Majumder is a professional writer and a passionate blogger. Currently she is writing content for several websites that cover latest trends related to real estate in India such as these as well as other fields. The above post explores the Chennai property market.

Porur, Chennai’s Upcoming Realty Hub!

Chennai is often regarded as the most affordable real estate metropolitan city in India and is considered one of the safest investment bets, backed by comparatively lower initial investments and consistent value appreciation of properties. The article details a residential project in one of the upcoming realty hubs of the city. Have a look!

Property values in prime locations of Chennai, such as Old Mahabalipuram Road (OMR), Poonamallee, Porur, Velachery, to name a few, have been lucky to see an upward trend since the end of 2013. Porur is one locality that has hosted a number of new residential projects of late and has been a preferred choice of the homebuyers and builders, thanks to the rapidly growing infrastructure here. Let’s have a look at one of such upcoming projects in Porur, which has fetched a number of buyers.

Prestige Bella Vista

Prestige Bella Vista is an ecstatic mix of modernity and nature, which brings in well-designed flats in Porur, Chennai. The residential units are constructed in a total area range of 600 Sq. ft to 2621 Sq. ft. Spread across a big area, Bella Vista flats are designed keeping the day-to-day requirements of today’s generation. Price range for the project is Rs.28.8 Lac to 1.7 Crore. The project will be ready for possession by November 2016. Bella Vista is located on the Mount-Poonamallee Road, which is also popularly known as the second IT corridor of Chennai.

Project Specifications

This big project is spread across a whopping area of 25 acres, where 19.5 acres of area is left for developing greener spaces. Prestige Bella Vista, Porur, Chennai brings in a number of variants of 1, 2, 3 and 4 BHK residential apartments, which are designed to offer a gated community lifestyle to the residents. Equipped with all types of amenities and facilities, Bella Vista is worth to invest money in. Some of the specifications of the project are:

• A fully equipped clubhouse, 2 swimming pools, a health club and a children play area
• Landscaped garden and green spaces
• Uninterrupted water, gas and power supply
• Wi-Fi and Internet connectivity

Location advantages

Porur is one locality in Chennai, which has witnessed some rapid infrastructural developments lately. The location ensures proximity to the leading educational institutions, retail spaces, super markets & public transport, health care centers, airport, and bus stands, among others. This locality will soon witness construction of a MONO Rail Station, making commuting quite easier for the residents. Experts suggest that such infrastructural developments are expected to accelerate the appreciation of the investment.

Indore Property Market Witnesses Optimism: Real Estate along Super Corridor Appreciates 20%

The tier II city of Indore is buzzing with real estate opportunities.  The real estate in colonies like Aurobindo Hospital, Sukhilya, Indore-Ujjain 4-Lane Highway and MR10 could have made you richer had you invested in them a few months back. Properties here that were priced at around Rs. 18.5 Lac in October 2013 have now appreciated by Rs. 1.5-3.5 Lac, making them worth Rs. 20-22 Lac today. Investors still have an opportunity to profit from the appreciating property prices as they have a variety of investment options in the form of both residential and commercial projects in Indore.

The Realty

According to reports, the average value of a real estate unit in the city is about Rs. 20 Lac. The real estate prices here are affordable and the scope for appreciation is high. The investors seeking to park their money here are blessed to have affordable property values that are now accompanied by the optimism brought in after the metro plans were announced. The Super Corridor is another advantage that the city has in its favor.

Factors Affecting Indore’s Real Estate

The easy connectivity of the city is its trump card. Indore is well-linked to cities like Delhi, Mumbai, Bangalore and Pune as there are direct flights at short durations. It is equidistant from both New Delhi and Mumbai. Also, the location is accessible by rail and road networks. Its location is its biggest advantage and is pushing the development here, giving the city many advantages and driving its real estate towards further growth.

There are several upcoming commercial projects in Indore that are set to change the face of the city. Besides several existing mid-sized IT and ITeS companies, many major IT firms like Infosys and Tata Consultancy Services are setting up offices in the commercial districts of this city. The Super Corridor will also see several educational institutions, such as Narsee Monji Institute of Management Studies and Symbiosis, being constructed around it. The other proposals will include the setting up of tramway and mono rail projects.

There is excellent civic and social infrastructurein Indore, which ranks highly because of its ongoing as well as planned infrastructure projects. There is an improvement in the supply of electricity and water and the situation is likely to improve further. Moreover, the new commercial real estate projects along the Super Corridor in Indore will create over 80,000 new job opportunities. This certainly spells a bright future for this city.

Author bio: Devika Arora has been writing resourceful articles for the avid readers who wish to learn more about Indian real estate. The above article by Devika discusses about the forthcoming commercial projects in Indore. Ample research has been done in order to compile the given data and present the overview. 

Beeramguda – New Residential Property hub in Hyderabad

Beeramguda in Hyderabad has come up in a big way within the residential realty segment of Hyderabad. Investments are bound to yield substantial results. Read on to know more.

Beeramguda Property Market

At a time when the Hyderabad property market seems to be experiencing a space crunch, the locality of Beeramguda in Patancheru is fast coming as a favourable realty destination. Consumers are looking forward to this locality for not only buying properties but also investing. Builders are taking a keen interest in the overall development of the region and the resultant effect is the coming up of an array of residential properties across Beeramguda.

In case, end-users are looking forward to buying a villa in Hyderabad or an independent residential property, Beramguda is definitely the place to be. Of late, a trend has been observed that, independent villa floors are in more demand as compared to smaller apartments. Recently, local realtor was quoted saying— “We are getting more clients for residential houses as compared to multi-storey apartments. Currently the first priority for buyers is independent houses followed by apartments”.

Reasons to Invest in Beeramguda

But, why Beeramguda of all localities in Hyderabad; well it goes without saying that the locality offers ample reasons for investing in the property market. Some are explained below:

Connectivity to the Rest of Hyderabad: – Beeramguda enjoys a good location that enables it to be very well connected to the rest of the city. Major localities like Manikonda, Gachibowli, and HITEC City lie within the vicinity of Beeramguda. Main areas like Outer Ring Road (ORR) are only 2 kilometres away; the railway stations of HUDA Chanda Nagar and Tellapuram are the nearest railhead of the locality. Lingampally and MMTS Station is around 6 kilometers from the area.

Reasonable Property Prices:- Property prices in Beeramguda still fall under the affordable as compared to the rest of the city; needless to say that this is one of the reasons for investment.

Appreciation Rates: Though prices are still rated under the affordable category, experts are of the opinion that prices will rise in the forthcoming months. This is reason enough for considering property investments in Beeramguda.

New Launches at Beeramguda

Several builders – both Hyderabad based and others have capitalized on the potentials of the region. Numerous new launches are adorning the city. Let’s explore one such project;

The latest residential venture by Praneeth Developers, Praneeth Pranav, is a promising real estate project coming up in Beeramguda. With a target of the high-end market segment, Praneeth Pranav offers stately villas spanning a floor area of 1322 square feet to 2250 square feet. They have been built according to every exquisite feature that can be found in any modern-day residential space.

Those who are looking forward to investing in independent floors and houses, Praneeth Pranav at Beeramguda are definitely a good option.

Sampurna Majumder is a professional writer and a passionate blogger. Currently she is writing content for several websites that cover latest trends related to real estate in India such as these as well as other fields. The above post explores the Hyderabad real estate market.

Old Mahabalipuram Road Busy In Welcoming New Residential Projects, Invest Now!

OMR is the new pocket for residential development in Chennai. This IT corridor has become home to the IT professionals in the city and the population is expected to boom in future. The article tries to overview the realty segment of OMR and discusses two important residential projects in this locality.

Old Mahabalipuram Road (OMR) stretches from Madhya Kailash temple in Adyar to Mahabalipuram in Kanchipuram district and is home to a number of IT/ITES companies. This region is among the most rapidly developing suburbs of Chennai, which has ensured an annual land value appreciation of a minimum of 10%. OMR has witnessed a huge demand even for properties on rent, because of proximity to the IT corridor of the city.

The burgeoning population of professionals in this area has increased demands for properties. It is estimated that the builders have invested a total of Rs. 550 crore over new projects in this locality. Let’s have a look at some of these projects.

Akshaya Metropolis

Akshaya Homes is the renowned builder of South Chennai, which brings in Akshaya Metropolis, which is a top-class residential project offering best of specification at prices within the reach of common homebuyers. Located just on the GST road, Maraimalarnagar, Metropolis is spread over 10.36 acres of land and brings in 436 luxurious villas. These 2 and 3 BHK premium villas have a total construction area range of 1395 Sq. Ft – 1956 Sq. Ft., and the price range of Rs. 64.20- 73.38 lakh.

Akshaya Today

Sprawling over 20.7 acres of land,Akshaya Today is one eco friendly project by Akshaya Homes in Thaiyur, Old Mahabalipuram Road (OMR). Akshaya Today has over 83% of the open areas for developing landscapes, parks and pedestrian walking zones. These 2134 luxurious homes are available in 1, 2 and 3 BHK variants and have an area range of 612- 1335 Sq. Ft. 

Location Advantages offered by OMR

OMR offers all the advantages of living in a strategic location. Connectivity to all the important locations of Chennai, proximity to the corporate world, shopping and entertainment centers, schools and colleges, as well as wide roadways make this location a perfect place to invest in. Besides, a well developed social infrastructure and increasing property rates make OMR a place with high returns on investments.

Expert’s speak

Ramesh Nair, managing director – West, Jones Lang LaSalle India has some suggestion for the buyers that since the builders are offering freebies to attract more and more buyers, the buyers should try to negotiate on the base price rather than falling for freebies. The market is stable and the ROI will be great in future for properties in OMR.