Monthly Archives: September 2019

East and Southern Bangalore to witness high demands

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Interestingly, the biggest coincidence that can be seen in all metro cities is the fact that in all of these, the southern part of the city experience major development and is always considered as the posh regions. The new flats for sale in Bangalore, especially in the south region are most popularly seen in Kanakpura Road. These flats are mostly in demand by the young professionals working here. However, the demand is not so great here when it comes to 3BHK Flats. The basic demand seen for 3BHK Flats in Southern Bangalore is seen in Whitefield and Electronic city. Southern Bangalore was the first part of the city which was established and is thus the most developed and has reached its saturation. The reason people tend to favour this place is the amazing connectivity with the electronic city via NICE Ring road. The infrastructure is well developed and has high growth potential in terms of real estate if you are looking to buy a property in Bangalore. The area has close proximity to office areas and offers and chilled out the environment.

Also, the east of Bangalore also experiences high demands in residential apartments. The areas like Brookefield, CV Raman Nagar, ITPL, KR Puram and Whitefield offers a lot of 2BHK Apartments which are ideal for you and your family’s needs. These flats are mostly preferred by high-end individuals, mostly the people working in the vicinity. Thus, both these areas are ideal for you if you need to settle in Bangalore with a lavish upfront.

Kokapet -Hub for migrant and regional inhabitants.

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Non-branded bungalows are high in offer and need in Kokapet. Currently, the position is managed by local developers who have offered a few projects in previous times and have a reputation of good development. The position has knowledgeable highest possible possible need for bungalows which seems to be at 63 %, almost at par with the offer at 66 %. However, the need for multi-storey flats remained at 18 %.

Kokapet near Gachibowli is increasing as a prospective hub for migrant and local population for purchasing residence. The biggest declare to reputation is its place to the town position in Madhapur and low concepts as in evaluation to Gachibowli.

In Kokapet a 4-BHK residence of 3200 sq ft is available for Rs 1 crore while a 6000 sq ft device is offered at a beginning price of Rs 4 crore. Maximum residence features available here are east-facing with two or three times storey elements. On the other hand, Gachibowli provides greater part of double-storey bungalows in the price bracket of Rs 3 crore to Rs 4 crore, making Kokapet an cost-effective substitute to Gachibowli.

The features in non-branded bungalows are at par with the ones being offered by well-known developers. These bungalows are available in personal team and have functions such as team house, typical gym, intercom service, internet, places, power back-up, rain fall h2o increasing, snorkeling discuss place, vaastu qualified implementing and h2o storage space functions.

Why do people choose bungalows over apartments? Although the residence way of life is on a development of the town, citizens go by the well-known popular sensation of looking for personal houses and bungalows, which offer them an endless, bungalow-like feel. The residence in Gachibowli has obtained its vividness, thus the spill-over need is such as to the need in Kokapet.

Further, Kokapet scores well on features and transportation functions. Although the place is directly connected with the Exterior Group Road and ISB Road, it identifies less obstruction and crowded areas as in evaluation to other places soothing on same improve. The Several Modal Transport System (MMTS) position in Nallagandla will be arriving up in the position. Several well-known educational organizations and educational organizations are in the place which makes it a liveable position. Apart from this, the position also provides extensive inner roads, banking organizations and ATM functions. Thus, if you want to reside in a spectacular residence and cannot manage places like Gachibowli, Kokapet can be a suggested place near your office.

Noida Extension: Best Location for Investment

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Good News for Investors who have invested in Noida Extension in the year 2009-2010 at affordable price of RS 1800 per square feet to RS 2,200 square feet have shown their patience in investing this property. Due to land acquisition issues and other problems, investors have suffered a lot. Now there is an end of all hurdles and problems regarding this property.

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Total 3,000 families have been already shifted and 50,000 families are expected to come in by the end of this year. Location of this property is amazing due to connectivity with NH 24 and Noida. It has been expected that by the end of year 2019 this area will have three lakh apartments.

Amit Modi, director, ABA Corp and vice president, Credai western UP said that “We expect to get the completion certificate within week’s time” Cherry Country by ABA Crop has 1,793 units in the area, of which 1,240 will be delivered for possession next month. He also said that “We will be launching another project called Coco County in August this year. It will have 900 apartments spread over five acres. The location is Sector 10, Greater Noida West, and the price point will be about Rs 3,500 per square feet”.

Manoj Gaur, managing director, Gaursons says “Gaursons has launched 5,000 new apartments in the area. Even in a dull market, 800 units have been booked”.

Another reputed builder is also planning to launch 500 apartments this year. He says “We will have 3BHK and 4BHK units of over 1,600 sq ft. The location is good and is more or less established,”

Real estate experts say that compared to Yamuna Expressway, Noida Extension is a much superior market. The sales are largely end-user driven and it is a great micro market from the livability aspect considering the fact that prices are affordable (upwards of Rs 3,200 per sq ft) compared to sectors 78 or 150 where prices start at Rs 4,500 per sq ft.

Bangalore is costliest Indian city to live in.

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Glitzy tech capital Bangalore just earned a new sobriquet, the costliest Indian city. An analysis of the Reserve Bank of India’s Consumer Price Index (CPI) shows that Bangalore is a couple of notches higher than the all-India cost-of-living average, with financial capital Mumbai just a shade behind.

The CPI is a measure of a standard basket of items, including food, clothing and transport, across cities. In the price race, Delhi is comfortably placed very low in the table, deriving its cushion from the subsidies galore it receives from the Centre. Take, for instance, LPG cylinders, which is a must-have in middle-class families.

According to Bharat Petroleum’s latest figures, Bangalore currently pays Rs 415 for a 14.5-kg refill, Kolkata Rs 405, Mumbai Rs 402 (expected to go up after budget), Delhi Rs 399 and Chennai Rs 393.50. Bangalore’s CPI peaks in the national chart at a whopping 200, followed closely by Mumbai at 199, Kolkata 184 and Delhi a distant 181. The national CPI average is 198.

For homemakers like Koramangala resident Aditi Rao, life in Bangalore is becoming tougher with each passing day. “Frequent hikes in the prices of basic items put our home budget out of sync every month,” said Rao, 34.

Budget analyst Ravi Duggal, who has lived in Mumbai and Delhi, observed that the high cost of living in Bangalore has come about as a result of the IT industry. He said there were different reasons for differential living costs among cities, including the aspiration of people. Talking of India’s two leading cities, he said, “Where education is concerned, for instance, Delhi has more public education facilities than Mumbai.”

What makes Mumbai equally expensive? “There are many factors, the chief being high rentals. Over 40% of the salary of an average Mumbaikar goes into paying rent,” pointed out economist Vibhuti Patel of SNDT University.

Union Budget In Favor Of Real Estate

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Finance Minister, Nirmala Sitharaman publicized the Union Budget 2019-20, the first one post the General Elections 2019. Including all parts, especially the real estate industry, were seeking answers to pro-industry announcements from the Government and more income tax incentives for home buyers. While a portion of the industry expectations have been fulfilled, others still remain deprived.

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1) Concentrate on affordable housing

Advancing with the Government’s push to affordable housing section, the Finance Minister declare a sum of around 1.5 crore rural homes have thus far been developed under the Pradhan Mantri Awas Yojana. Centre additionally proposed to construct 1.95 crore reasonable homes under phase-2 of the flagship scheme between 2019 and 2022. These houses will come well equipped with amenities such as toilets, electricity and gas connection.

On the contrary, Sitharaman proposed that under Pradhan Mantri Awas Yojana – Urban, more than 81 lakh homes have been approved until this point, 26 lakh houses have been developed, and 24 lakh homes have been delivered to the recipients. As many as 47 lakh homes are currently under-construction.

2) Model tenure law to hike rental housing

Regardless of restated pleas by numerous industry stakeholders, the need of planning a Rental Housing Policy has been a long overdue demand . Fortunately, the similar has been described in Union Budget 2019-20 with the Government announcing to finalize a ‘model tenancy law’, which will characterize the connection between the renter and lessor and circulate it to the States. This move will not just give a push to rental housing across the nation but will likewise protect the interest of both tenant and landlord associations.
3) Boosting infrastructure and connectivity

In a gigantic push towards infrastructure and connectivity, the government allotted Rs 100 lakh crore to infrastructure development in the country, more than twice of what it proposed in the Interim Budget 2019. The assets will be utilized to reconstruct the National Highways Programme and upgrade railway infrastructure for better connectivity through numerous schemes such as industrial corridors, Dedicated Freight Corridor (DFC) and UDAN. The choice will unquestionably hike the real estate industry and help in initiating employment opportunities.

Asia To Witness Surge In REITs

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Asian Continent Location Map
The number of Real Estate Investment Trusts (REITs) in Asia is expected to swell over the coming 3 to 4 years according to HSBC because of increasing demand for investments in more risk disinclined properties.

REITs invest in commercial properties mainly and pay rent collected from their properties to shareholders as dividend. This is why some investors see them as safer investments than property stocks.
Another advantage is that they usually offer returns that are higher than yields of government bonds.

The increased activity in the REIT IPO market this year especially in the Asian continent is due to successful listing of Cache Logistics Trust in Singapore. Also Sunway City plans to list its REIT in Malaysia come July.

At the Reuters Global Real Estate and Infrastructure Summit which was held today, Managing Director and Head of Real Estate Advisory for Asia Pacific at HSBC, Mr. Jason Kern had to say,
“I see proliferation of REITs, absolutely. I think we’ll have twice as many REITs in Asia as we do today in the next three or four years.”
He anticipates Singapore to witness most of the activity with more than 20 to be listed there in the coming years from companies all across Asia. It already has more than 20 listed REITs such as Fortune, Saizen from Hong Kong and Ascends from India. Australia and Malaysia are also showing growth patterns.

Kern further added, “What I find in my space is that investors are more risk-averse for sure. They are more defensive. We actually still find very strong demand at the most defensive end of the spectrum, which are the REITS.”

This Trend is only to bring fortune to our Country as well.