The WordPress.com stats helper monkeys prepared a 2015 annual report for this blog.
Here's an excerpt:
A San Francisco cable car holds 60 people. This blog was viewed about 1,800 times in 2015. If it were a cable car, it would take about 30 trips to carry that many people.
There is both good and bad news for the realty segment of Bangalore. The good news is that the market is impeccable, and it ranks high on the priority charts of the homebuyers, and the bad news is that the prices are high. Anyways, there is a win-win situation here for both the buyers and the builders, the only difference lies in the fact that these buyers are from abroad!
There has been a tremendous increase in the numbers of non-resident Indians (NRIs), who prefer investing in the real estate segment in Bangalore. These NRIs have been observing the real estate market of the city and the constant hike in the property rates has been the major draw for them. Since the real estate segment of countries like the US is picking up, the investors are looking forward to share the slice of the market pie in Bangalore. It has been easier to generate funds locally.
Reasons why Bangalore real estate attracts NRIs
Great capital appreciation in Bangalore, excellent local lending rates in the UA, eased investment norms by Indian government, foreign direct investment facilities and available property management services have been main driving factors for the NRIs to invest in the real estate segment in Bangalore.
The promising projects
Meeting their demands, the city has a number of projects to offer, particularly in the premium segment. Take an example of Zonasha Paradiso by Zonasha Group in Marathahalli, East Bangalore. The project offers 4 BHK apartments in the varied size range of 3200 – 4800 Sq. Ft, and these properties are priced between Rs. 3.18 crore to 3.55 crore. Another good example can be Prestige Ozone by Prestige Group. These are 3 – 4 BHK apartments available in the price range of Rs. 2.5 crore to 6.1 crore, and a total area range of 2000 – 6974 Sq. Ft.
What’s Ahead!
Considering the high property rates, these properties have been quite a hit among the NRI buyers. To further boost the realty market, government is taking numerous steps to restructure and upgrade the infrastructural aspects of the main city as well as the sub urban areas of Bangalore, so that it can attract more and more FDI in the city.
The Panchsheel Premium 24 Ghaziabad is a premium residential project, which is designed by the best architects to offer a luxurious lifestyle to the dwellers. The project is planned and designed by leading developers Panchsheel Buildtech who are well known for quality construction and unique design. The developer has maintained international standards to build the project with high standards of living.
Site Plan and Connectivity:
The Panchsheel Premium 24 NH-24 project is designed wonderfully keeping in mind the convenience of the dwellers. The residents can enjoy the advantage of finding everything in close vicinity of their homes like grocery stores, market, schools, hospitals, restaurants and much more. Thus, they can save on their travel time and do not need to compromise with substandard living standards.
Ghaziabad is considered as a smart city and being developed more profoundly at a rapid rate. The Panchsheel Premium 24 project matches the needs of the dwellers. The location is attractive as it is situated close to Columbia Asia Hospital and around the proposed metro line which offers the better commutation facility to the people. The railway station is just 10 minutes drive from the project. So, if you are thinking about saving on travel time and comfortable location, then this is the best project to invest in.
Panchsheel Premium 24 Ghaziabad
Major Highlights of the Project and Specification of the Apartments:
The apartments are built in an Eco friendly way with spacious and well ventilated rooms, so the sunlight is enough. Moreover, the plot is open from two sides and each apartment offers a spectacular view of the landscapes. There are 2 and 3 BHK apartments spread across 2 acres of land and apartments are available in 1035 sq ft, 1077 sq ft, 1347 sq ft and 1697 sq ft. The modern features make it a perfect dwelling place and the price starts from Rs. 2700 per square feet.
There is a gym, kids play area, get together area, swimming pool and a lot more for spending time in a healthy way. There is 24 hours power back up facility and security measures are also advanced. There is a high tech security watch with 24 hours CCTV watch for complete protection of the residents.
It is highly significant to estimate the value of a property for real estate manager and practitioners. Due to a wide range of endeavours including listing real estate for sale, financing for real estate, investment analysis, property insurance, and taxation of real estate. Most of the people believe that determining the purchase value is the most beneficial application to evaluate real estate. Here is a quick guide to real estate valuation tools and methods:
Real Estate Evaluation Tool
Comparable Approach to Sales
This real estate valuation tool is for comparing similar properties and what it sold for. For example, if 3 to 5 similar two bedroom homes in the same neighbourhood sold for $150,000 to $180,000 then properties around that area would also sale in that range. The appraiser analyses characteristics and features then select a specific value. He or she may use some real estate tools available in the market to estimate the cost of the property by adding costs of recently sold similar properties in the area.
Approach of Cost
This method estimates the cost of building that property today. It estimates the cost of labor and material that it would take to build the home. A real estate valuation tool helps you subtract the loss of value of the building due to its depreciation because the building is no in the same condition as a brand new one would be.
Approach of Income
There is efficient real estate valuation tools that may decide the value based on the income it produces. This is done by calculating the net operating income that may be from rent or operating expenses. The tool selects a capitalization rate that is income multiplier, and these rates are derived from sales data of comparable properties. The estimate comes out by dividing the NOI by capitalization rate.
All the tools mentioned above have different uses, and real estate application developers are always coming up with new and effective ways to estimate property value. A Real Estate valuation tool is a part of determining what the property is worth and plays an important role in the estimation for the home. There are some unique properties, and it becomes harder to find comparable properties for them, so this is when you need an efficient real estate tool to analyse it for you.
Wondering where to live in Bangalore – Why not look at JP Nagar. This beautiful serene place with all the best facilities available, living here is definitely a great option.
JP Nagar is one of the most sorted after real estate areas in Bangalore. Located in Southern part of Bangalore and is in proximity to areas like BTM, Banashankari and Bannerghatta Road. This area was at first promoted by BDA and is divided into Independent dwelling units, apartments and retail developments. Slowly JP Nagar turned into a major commercial and residential real estate development which also increased the land rates compared to other BDA developments like Jayanagar and BTM.
JP Nagar today consists of Bangalore’s affluent population and has become a major residential area. This area is filled with parks, small ponds or lakes and great roads. JP Nagar id filled with a lot of prominent people of Karnataka, including actors, politicians and other artists.
JP Nagar also has great connectivity in terms of Buses and other road transport. Electronic city is approx 20 Kms away and Majestic is 12 Kms approx. This area is also near Kormangala and other prime areas of Bangalore.
You have a variety of properties in this area. From residential flats and apartments to independent bungalows and villas, you would find all possible real estate development in this area. JP Nagar is divided into many phases. But only 7th and 8th phase is seeing a growth in price trends. Look at the following image to get a brief idea.
Properties in JP Nagar:
Sai Platinum Lifestyle: These are skillfully designed 2- 3 BHK flats with all the amenities and facilities included like club, theatre, Shopping Centre and Gym etc along with Power Backup, ATM, Wifi Connectivity etc. These units would cost you upto 44.24 Lakh.
Radiant Elitaire: These are luxurious 3 BHK flats for 50.79 Lakh – 78.76 Lakh. These units are built with great precision and oozes class and luxury. They are included with amenities like hall, gym, swimming pool, 24 hr power and water supply etc.
Elita Promenade: This is located in the 7th Phase of JP Nagar. These are elite homes with world class facilities and amenities like gym, tennis court, playground, lush green gardens and many more. Elita Promenade are 2-6BHK apartments starting from 1.16 Crore upto 2.99 Crore.
Metropolis mid town: This is also located in 7th Phase of JP Nagar. These are affordable 2-3 BHK flats with all the basic amenities and facilities. These units would cost 48.8 Lakh – 79 Lakh.
Bangalore living is something beyond expectations. With beautiful weather and great surrounding, living becomes heaven. JP Nagar is one of the prime localities of Bangalore and investing or living here is definitely worth your penny.
Trisha Mukerjee
Author Bio: Trisha is a professional writer and adviser on property and real estate. She is an ardent reader, a traveler and a passionate photographer. She wants to explore the world and write about whatever comes across her way.
There are many reasons to live in Bangalore. Two of the prime reasons are – Diversity and Safety. Investing in Bangalore is not only affordable but also the best option compared to other metropolitan cities.
Bangalore gives you a certain sense of security that you rarely find in any other place. Living here not only gives you the benefits of the cosmopolitan metropolitan life, but also the fact that it is one of the safest cities in India. With the job market bursting with new openings, the constant inflow of people in this city makes it also one of the most diverse cities.
These two characteristics make it a heaven for prospective Investors. You rarely find such a city in India. Bangalore is like a mini New York, with the lifestyle and the constant urbanization of areas that were once outside the city has definitely made Bangalore a reason for investment itself.
You don’t need to look beyond Bangalore when you are considering where to invest. This is what you call a perfection of a city. With perfect climate, good people and amazing culture from rock and jazz to great religious places – Bangalore definitely has it all.
People from all around the world come here and Bangalore welcomes all of them with open arms. If you are ever given an option to come here don’t think twice just take that chance.
Where to Live in Bangalore
You have areas like electronic city and Whitefield that are prime areas in terms of the IT sector. If you want to live amidst the city itself and still be able to commute to these places then Kudlu Gate is also an option. Other than that you have the post localities like Kormangala, Indira Nagar etc. that are also the shopping and weekend hub of the Bangaloreans.
You have many new properties that are coming up, which you can invest in. For example Puravankara is coming up with their Purva Westend on Kudlu Gate. This is located in the heart of the city on Hosur road and quite at a commutable distance from both electronic city and Whitefield. Then you have Bren coming up with their various projects on Sarjapur road and around the city. This place is again near Electronic city and Whitefield.
You have many such projects in and around the city that you could consider. If you want to know more, you could go online and try one of the property sites that would help you further in making the decision.
Author Bio: Trisha is a professional writer and adviser on property and real estate. She is an ardent reader, a traveler and a passionate photographer. She wants to explore the world and write about whatever comes across her way.
East Bangalore has emerged as the new realty hotspot. Read on to know more.
The Bangalore property market has upheld tremendous resilience even in times of financial crisis. Today, the market boasts to be a strong playground for real estate activities with investors and end users thronging it. The Silicon Valley of India continues to be rated as one of the most expensive realty markets within the country with new projects coming up all across – spanning all three segments – residential, commercial and retail.
The residential realty segment of Bangalore expands laterally and with each passing day, IT professionals come to the city in thousands. Needless to say that this makes it an absolute requirement for residents to look out for residential spaces; of late, the locality of Sarjapur Road in East Bangalore has emerged as favourable real estate location in the IT hub of the country. In the words of Shrinivas Rao, CEO-Asia Pacific, Vestian Global
“Accommodating over one million IT/ITeS workforce and expecting to add over 100,000 employees annually, Bangalore witnessed a net absorption of 33,988 units in 2012 of which a lion’s share of 45-50 per cent was seen in Bangalore East. Once upon a time nothing but vast expanse of agricultural land, today Whitefield and ORR-Sarjapur count as the city’s most exciting residential destination, with everyone keen to move into that area.”
Sarjapur has recorded a huge growth in its residential property market and with each passing day new projects are being launched that are all set to cater to a vast range of end users. Let’s explore on such realty project coming up in Sarjapur Road.
Bren Corporation’s latest venture, Bren Park Vista is a promising residential realty project that is all set to adorn the skyline of Sarjapur Road. The project offers skillfully designed 2BHK/3BHK/4BHK apartments. Needless to say that the builders have ensured the very best in terms of facilities as well amenities; list of amenities include the following:
Power Back-up
Car Parking
Security Personnel
Private Garden Terrace
Water Storage Facilities
Fully-equipped clubhouse
Bren Park Vista, is just an example of the various other new residential projects that are coming up in the region.
The rate at which the realty market is developing, experts are of the opinion that, the region is expected to experience a further boost in its prices. So, if you are looking towards investing in a residential property in Bangalore, do shift focus to Sarjapur Road in East Bangalore.
ChandaNagar in Hyderabad offers some of the best in affordable residential properties. Read the following post to know more.
Chanda Nagar Property Market
Located on Mumbai-Hyderabad highway, lying on the outskirts of the city, Chanda Nagar is a leading property investment destination. The biggest driving force behind the property market of Chanda Nagar happens to be the affordability tag. Property prices in Chanda Nagar still continue to be rated under the affordable category, thus luring several end-users and investors alike.
The area is mainly favoured by salaried and middle-income-group people. The majority of the end-users of Chanda Nagar comprise single professionals. Thus the demand for small apartments is quite high in the region. Needless to say that the builders have capitalized on this aspect and the resultant effect is an array of upcoming residential projects in Chanda Nagar. Recently, a builder was quoted saying “One of the reasons as to why developers prefer West Hyderabad is the presence of several IT companies that employ thousands of workers every year”. He also said that “People prefer to live close to their offices and hence choose these areas even though the prices are comparatively high here from the outskirts”.
Location of Chanda Nagar
Another major factor responsible for the boost of the Chanda Nagar property market is its location. Vicinity of the neighbourhood to all major areas like Miyapur, Manikonda and Gachibowli make Chanda Nagar, an even more favourable destination for investment opportunities. End users within Chanda Nagar usually belong to the employed class and middle income group. So, this particular region has more demand for apartments. Since the demand is driven by end users more, buyers are more as compared to investors. Several new projects have dotted this region in the last five years. Let’s explore one such project that is coming up in Chanda Nagar.
New Residential Launches in Chanda Nagar
Developed by Sai Shakti Infrastructure, the new residential project is named, Ashoka Springfields. The project offers 2BHK/3BHK apartments fitted within 40 units. The floor areas span from 1261 square feet to 1751 square feet. Every apartment has been meticulously planned and perfectly designed according to latest features and decors. Amenities within Ashoka Springfields comprise the following:
Swimming pool
Fully-equipped gymnasium
Club house
Sports Facilities
Kids’ Play Area
Power Back Up/Intercom
Parking Area/Lifts
If an end user wants to book an apartment at Ashoka Springfields, Hyderabad, he or she will have to fish out at least INR 36 lakhs on an average.
So, if you are planning to invest in a residential property in Hyderabad, Chanda Nagar is definitely one of the best available options.
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 property market with special reference to Chanda Nagar in Hyderabad.
OMR continues to be a leading real estate destination for property investments in south Chennai with new launches registering almost every day. The following post takes a quick look at south Chennai’s property market.
Property market scenario in South Chennai
With the recent announcement of the Budget, the real estate sector has been given many reasons to smile about. The real estate market has been experiencing many challenging times over the past few years, especially last year with the rate of sales of properties going down considerably.
Chennai is known to be a price sensitive city when it comes to properties and after the budget, the market is estimated to be driven by the consumers directly and a growth in the sale of the residential properties may witness a stark increase. Localities such as ECR and OMR have new residential addresses with many new properties being developed by the builders. The idea of affordable housing has typically taken over the real estate market in Chennai with more and more people showing willingness to buy properties and lands in the suburbs as well as the main city.
South Chennai: Most Sought After Realty Destination
Reports prepared by the real estate consultants reveal that Chennai is increasingly becoming one of the most preferred destinations for people interested in investing in properties, both residential as well as commercial. Chennai, as a city, has always been preferred by most of the people for investing in residential properties and the rate of appreciation is estimated to increase by manifolds in the coming years as well.
According to reports prepared by Knight Frank India, residential properties in south and west Chennai is expected to witness maximum growth in the coming years owing to factors such as increase in employment and number of migrants, impeccable connectivity with the rest of the city and the important locations, development of infrastructure according to the plans, increasing proximity to the various commercial properties that houses the corporate offices and other commercial spaces such as shopping malls, movie theatres, etc. The biggest draw is touted to be the availability of land for building big residential projects at a much more affordable rate.
Shifting focus to South Chennai
While buying or investing in properties, budget and affordability is a big concern. But when it comes to investing in properties in Chennai, the concern may be overlooked to a great extent. In South Chennai, there are localities that may perfectly fit the buyer’s personality and lifestyle type. The increase in the employment market and growth of commercial spaces accommodating offices and others gives an opportunity to the builders to look for areas where the buyers’ focus is shifting. South Chennai has the advantage of providing land and water facilities. Localities such as ECR, Velachery, OMR and Tambaram are known to be registering fast growth in terms of real estate and are attracting many new buyers, including NRIs. The properties in these areas are less costly and stand good for long term investment plans.
New Residential Launches in South Chennai
Olympia Opaline Sequel, at Old Mahabalipuram Road is a promising residential project to look forward. Spread across an area of about 75 acres. This property houses luxury residential apartments that are known for their superior standards of construction and the amenities. The entire property has been beautifully landscaped and has backwaters to add to the value of the beauty of the property. One of the key highlights of Olympia Opaline Sequel is the presence of about 85 percent open space along with having one of the largest clubhouses that are present in any of the residential properties in Chennai.
The project has three towers, 250 units and 17 floors in each block. The towers are named Moonline, Topaz and Ruby. The sports enthusiasts can enjoy swimming and gymming in the society. There is also provision for rain water harvesting and residential space allotted for the society staff members, huge car parking area and the property is constructed according to the rules of Vastu Shastra.
Chennai is one of the cities in India that promises a comfortable yet luxurious living at an affordable rate. When localities such as Tamabaram, ECR or OMR has new residential addresses to offer, the rate of sale and investment in the real estate is bound to increase and show a positive growth in the overall realty market industry of the country.
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.
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