August 28, 2014

Gurgaon: An investment destination for Expats and NRIs

Gurgaon, also known as ‘Millennium City’ of the country is one of the prominent cities in the National Capital Region (NCR).  Ever since India opened its economy to foreign investment, Gurgaon has been a rewarding destination.  Today, it is considered as one of the best cities in India to work and the people migrating here for are looking for properties for sale in Gurgaon.

Reasons to invest in Gurgaon

Gurgaon is a favourite realty hot-spot for many- whether it’s for investment purpose or for end use. The property for sale in Gurgaon gives the option of high returns and a secure property investment environment.


Improved infrastructure and quick connectivity are the reasons behind the growth of Gurgaon. It’s proximity to Delhi and access to locations like Dwarka-Gurgaon Expressway, IGI Airport, NH -8; KMP Expressway adds importance to this locality as an investment destination and increases the demand for properties for sale in Gurgaon. Apart from that, Metro connectivity and Monorail are an added advantage of this city.

This city is known to have stable law and order set-up and peaceful environment, and the construction of various SEZs are attracting several multi-national companies, foreign investors, NRIs and large business houses.

Property appreciation


The property rates are already up and they are set to increase further as the city is expanding. Localities like Sohna Road, Golf Course Road, Gurgaon-Faridabad belt, Manesar, Dwarka Expressway are witnessing a huge requirement for properties for sale in Gurgaon, however, the land is still remains an attractive option in these localities. All these places are seeing a fair appreciation.

Currently, the rates are like, Rs. 7,500 per square feet and, as per the analysts it may increase further in next few years.

This city is attracting investment from NRIs, HNIs and even locals as one can find properties for sale in Gurgaon that fit everyone’s budget. One can find affordable, luxury and ultra-luxury and even deluxe projects from leading developers of India.

August 26, 2014

Why one should seriously consider investing in Coimbatore

Coimbatore is a tier II city located in the state of Tamil Nadu. It is considered to be the second largest city in the state. In Tamil Nadu there is a growing demand for real estate in tier II cities. Though Chennai is the capital of the city and enjoys the best of infrastructure, tier II cities such as Coimbatore possess a charm of their own. This city is not only doing well in terms of being a good employment generator, it is also considered to be one of the safest cities in the country.

 Investing in Coimbatore

The real estate scene in this city is growing. There are plenty of factors contributing to this growth. The city is already a well-known hub for many industries including textile and manufacturing, so much so that it is called the “Manchester of South India.”  When a city earns a tag of being a good source of employment, the real estate of the city automatically grows.  Coimbatore is also a thriving Information Technology hub. Many of the big names in the IT industry have set up base here. The IT sector here is second only to Chennai in the state of Tamil Nadu.

The real estate market here is mostly end user driven. As far as properties in Coimbatore are concerned the demand is mostly centred around mid-segment homes. The city is blessed with good climate and is considered to be a good bet for those who are looking for a comfortable place to spend their golden years in. This is because of the fact that besides being safe, the city also has good healthcare facilities and is well connected to major metros across the country through rail, road and air. These are some of the top factors in the minds of those who are looking to retire but do not want to do so away for civilization. Besides the above mentioned social infrastructure, Coimbatore is also an educational hub as it possesses some quality educational institutions.

 investing in Coimbatore

The most preferred apartments for sale in Coimbatore are 2 BHKs followed by 3 BHKs. The most preferred budget range for apartments for sale in Coimbatore falls between INR 20 to INR 30 lakhs. This is followed by the INR 10 to INR 20 lakhs range. The most preferred unit size for apartments here is between 751 to 1000 square feet followed by the 1001 to 1250 square feet range.

There are a diverse range of properties in Coimbatore which cater to every budget range. There are housing options for the low income groups, middle income groups as well as individuals who are looking for luxury apartments. There are many areas which are considered to be good bets as far as real estate is concerned. Saravanapatty, Ganapathy, Nehrungar-Peelamedu, Thudiyaloor, NGGO Colony, and Kinathkadavu are some of the areas in this city which can be considered for end use and can fetch good returns as well.

Coimbatore has a lot of factors working in its favour. If you are looking for a peaceful city which is not completely away from civilization, then try making Coimbatore your home.

August 25, 2014

Top Localities to Invest in Kolkata

It is high time for the home buyers to invest as the properties in Kolkata is witnessing hike in price as the days goes on. The property for sale in Kolkata which has not experienced much difference in the last decade is now witnessing rise in price due to the development of the infrastructure and new industrial hubs set up. Affordable and reasonable residential properties for sale in Kolkata are in much demand.

Top Localities to Invest in Kolkata

Kolkata being a developing metro city, investing in properties located in developing localities gives very good returns over time.  So if you are planning on an investment then take a look at the below given localities which is experiencing a greater development in realty market.

Madurdaha

The properties for sale in Kolkata are sure to witness steepest rise in price due to the upcoming metro project and one among them is Madurdaha locality. The metro project has improved the prospects of the realty market in Madurdaha locality. New roads, new projects, hospitals, education institution coming up has attracted buyers to this locality.

Rajarhat

Rajarhat, the satellite city of Kolkata is one among the main locality which should not be missed out. Connectivity and infrastructure are the major reason for the surge in realty market in Rajarhat. The locality is very near to Netaji Subhash Chandra Bose International Airport and Sealdah Railway Station which ensures ease of travel. The ample social infrastructure like educational institutions, malls, banks and hospitals is an added advantage.

Invest in Kolkata

Narendrapur

Narendrapur one of the top localities in Kolkata should be taken into consideration when you are planning on an investment in property. The infrastructural growth has lead to demand in property in this locality. The EM Bypass Extension project which is one of the prime reasons for the rise in price of the properties for sale in Kolkata will directly connect Narendrapur to other major areas. The new projects coming up with best amenities and specification promises Narendrapur to be best place to live in.

August 21, 2014

Top 4 Localities in Chennai for Plotted Investment

Investing in properties is always a favored option for Indians when compared to other investment options due to the capital appreciation and steady growth of the real estate sector. Plotted investment gives good returns in a short period and also requires less capital compared to buying a house or an apartment.
Urapakkam Plots/Land

Even under low budget, one can buy a plot as the suburbs of Chennai offer properties starting from Rs. 2 lakhs. There are a lot of properties for sale in Chennai, most of which are located in the fast developing localities like Oragadam, Ambattur, and Medavakkam. Here are some of the residential localities in Chennai with better appreciation.
  
Oragadam
 Oragadam Plots/Land

The development of the Oragadam industrial belt has driven residential market in this locality with new project coming up every day. The Oragadam – Sriperumbudur industrial belt has witnessed a tremendous growth in the last 4 years which led to the quick growth of the property prices in this locality. At present, the price of plots range from Rs. 5400 to Rs. 10,000 per sq yrd with good property appreciation.

Urapakkam

This southern suburb of Chennai is located between Tambaram and Chengalpattu and termed as the Gateway of South Chennai on the GST road. The strength of Urapakkam lies in its connectivity to major locations such as the Chennai international Airport, Mahindra City, Tambaram, OMR, Sriperumbudur and Oragadam, covering most of the industrial hubs of Chennai. The price of plots in Urapakkam ranges from Rs. 14,800 to Rs. 17,000 per sq yrd.

Sriperumbudur

Sriperumbudur Plots/Land

In Sriperumbudur, the recent infrastructural development, establishment of IT parks, proposed Greenfield airport etc., has contributed to the development of real estate market. All the top automobile manufacturing units and MNCs are located in the Sriperumbudur stretch which is an added advantage for the property appreciation. The price of plots in Sriperumbudur ranges from Rs.5100 to Rs.6300 per sq yrd.

Medavakkam

Medavakkam is one of the fast developing residential suburbs of Chennai, located close to the OMR IT corridor and Sholinganallur SEZ (special economic zone). The property for sale in Chennai is mostly driven by connectivity, proximity to IT/Industrial hubs and good infrastructure, all of which are offered by Medavakkam. The price of plots at Medavakkam ranges from Rs. 27,000 to Rs. 32,000 per sq ft.

August 19, 2014

Kitchens From Across America and France

They say a great kitchen is also the secret to delicious food. Believe it or not when you find everything in your kitchen sorted well, your mind proactively asks you to do something; something extraordinarily great. Whether it is all about impressing your husband with your culinary skills or about greeting guests with great food, a lovely kitchen can definitely enhance your mood to the level of giving the best of efforts you have acquired till now.

Kitchens From Across America and France

If you are all set to redesign your kitchen yet don’t seem to have any idea about where from to start the project, there are certain suggestions you can consider. Yes!! You can at least go about checking the designs adopted by people from different countries. From simple designs to the ones that are sublime, kitchen designs from different parts of the world are yet to make you feel uplifted. Take a look:

New York City Kitchen: The New York Kitchen is particularly smaller than others. This small and smart kitchen comprises an electric cook-top that offers double duty also a counter top, a mirrored backsplash and a simple cabinet.

The Texas Kitchen: The Dallas kitchen has something to do with the walls. The walls play an extra role. With antique reclaimed tiles stuck on the walls, the kitchen has that old world feel.

The French Kitchen: A tiny kitchen of smaller area, this cooking space is inspired from the French chateau. It is the perfect example of how you can manage big things in restricted space. The interiors of the kitchen are adapted from diamond shapes. A golden taupe and golden accents all around add all the more to the French connection.

The California Kitchen: The California kitchen is particularly sunny. It allows more of sunlight and showcases sheer golden accents. However, the kitchen furniture reveals darker mahogany shade for an authentic feel of California. The Golden Honey accents make this kitchen the most coveted.

Kitchens From Across America and France

Apart from the kitchen designs, you have the option of choosing from a wide variety of kitchen cabinets too. Let the theme of the furniture match up with the overall decor of your kitchen. In love with everything that is vintage and old school? Go for painted cabinets with vintage inspired features. If your kitchen interiors strike a blend of the traditional and the modern, enhance its transitional quotient by choosing sleek wood-veneered cabinets.

For a modern-day modular kitchen, let the cabinets and other furniture be absolutely free of adornments and ornamentation. However, make sure that the colors are neither too dark nor too pale. This is because just like the decor, the furniture too have an important role to play in contributing to the overall brightness of one of the most important parts of your home.

If you are really interested to buy a flat in Kolkata, you can definitely check the different decor offered by builders. The city is now home to edifices, inspired from foreign architecture. So, now you can welcome home such architectural brilliance.

Summary: If you are thinking of giving your kitchen an all new look, you can certainly adopt designs inspired from foreign architecture that speaks of excellence and class.

Author- Bio- Erika, associated with the Ideal group, one of the recognized builders of residential and commercial apartments, shares valuable and interesting information regarding different kitchen decors and furniture. You can use these information for an attractive home if you are planning to buy a flat in Kolkata.

August 11, 2014

Want to buy plots under Rs 20 lakhs in Chennai? Invest in these localities

Owing a property within the city might just burn a hole in your pocket and with property prices skyrocketing, investing in the suburbs seems to be the only option left. But lets not underestimate the peripherals- they not only have residential land in large parcels, they are also not overcrowded when compared to localities in the city. While builders in Chennai are now targeting suburban localities to create many commercial and residential spaces, individuals are tapping into this trend and are investing in residential properties. Here are some of the most preferred localities when it comes to investing in plots.

Guduvancheri

Located on National Highway 45 that connects Chennai to Trichy, Guduvancheri is a suburban locality that is about 35 km away form Chennai. Citied to be one of the fastest developing vicinity between Chengalpattu and Tamabaram, Guduvancheri offers an array of plots that hover between the price bracket of Rs 5 and 30 lakhs. More than the plots that are approved by the Gram Panchayat, this locality has many residential plots that are approved by DTCP (Directorate of Town and Country Planning).

Invest in Guduvancheri

While its neighbouring localities are considered to be marginally expensive, investors and builders in Chennai are being lured into Guduvancheri because of its affordable pricing. Local and national real estate developers are now purchasing land in large parcels and selling them in smaller units and earning a handsome income.

Talking about its accessibility to the city, Guduvancheri is well connected to other parts of the city via road through the GST (Grand Southern Trunk) road and through rail via the Guduvancheri Railway Station. A number of MTC (Metropolitan Transport Corporation) buses help improve connectivity to Vandalur, Kelambakkam and OMR (Old Mahabalipuram Road). 

The locality has recently witnessed a major demand for plotted lands thanks to the introduction of many IT companies nearby. While the year 2013 saw over 38% of idividuals invest in plots that cost Rs 20 to 30 lakhs, this year has witnessed an inherit demand for smalls plots that fall below the Rs 10 lakh price band. Over 11% of investors are now purchasing smaller plots so they could build their dream house.

Sriperumbudur

Situated about 40 kilometers away from the city, Sriperumbudur lies on the Chennai and Bangalore Highway. Considered to be one of most preferred locality for residential plots, the vicinity has attracted many Chennai builders who have build many residential projects here. Minimal budget preference and rapid urbanizations are some of the factors that are driving the realty demand here.
According to data, there seems to be a never-ending demand for plots that fall below Rs 10 and 20 lakhs. And with Sriperumbudur being an IT corridor, the ROI (Return on Investment) of properties here are also attracting many second time home buyers to invest in land here. Residential plots here have appreciated over 16% and will continue to rise making the real estate market here favourable for both end-users and buyers.

Property Sriperumbudur

If purchasing a plot for investment purpose is something that you are looking for, do not think twice before investing in these two suburban locality, They are not only rapidly developing, but they are also under Chennai builder’s radar due to its availability in large parcels and great return on investment.

August 1, 2014

Chennai Property Market – Best Bet for Real Estate Investment

Recently, Chennai has been listed among the top twelve cities across Asia for real estate investments. End-users and investors are eying the region in order to make the most of it. So, if you plan to make an investment in the real estate sector, Chennai is one of the best options.

Introduction

Presently, undergoing a boost, the real property market of Chennai is expected to experience more growth in the coming years. Broadly, an end-user driven market, several factors have contributed towards strengthening the real estate market of Chennai.

What it emphasizes on is the disposable income on the buyers’ group, depending upon which the property market is divided into certain parameters of personality, living standards and of course social class.

Chennai Property Market

Needless to say that Chennai’s property market has been heavily influenced not only by the myriad demographics but also several others such as economic growth, creation of job opportunities. Foraying of the IT sector led the emergence of several jobs in the city that recorded a rapid growth in the city’s professionals. This has been one of the most significant reasons for the upsurge of the property market of Chennai.

Buying a Property in Chennai

In recent times, there are numerous projects have started their new projects in different parts of the Chennai. The specialties of these projects are that they are quite reasonable and sophisticated. The places where you will come across the recent projects are, Arumbakkam, Choolaimedu, Nungambakkam, Old Mahabalipuram Road (OMR), GST and other well-known localities of the city.
Generally the rates in these localities range from Rs. 3,350 - 4500. However, the rate of the property may vary from one other depending on its quality and sq ft. There are different schemes are available with these properties. There are 1BHK, 2BHK and 3BHK housing properties are available. You can select your property by going through the rates.

Best Bet for Real Estate InvestmentOption of Loan Availability

Opting for a home loan is probably one of the best options for home buyers. Even property constructors are now helping the buyers to get the required loan amount. Different schemes are offered for the salaried and self-employed professionals. This benefit of home loan is now inspiring the buyers to think about buying a property.

As per the experts, a large number of buyers are from the middle class, so this benefit of getting home loan from a reliable source and at nominal interest rates are attracting buyers from different regions. Along with this, the real estate property owners mention important things like the bus route, train route, airport roads and other communication systems in their webpages. It helps the buyer to directly get into the location. At the same time, starting from acquiring information the transportation system to market now a buyer can check every detail without visiting the destination.

This benefit of acquiring information helps them to get an idea about the location. If they find out any problem during the purchase period, they can talk to their property dealers via online. This helps them to get proper information on the property before buying them. In recent times, when everyone is busy with their busy schedule, then this availability of information on the real estate projects enable a buyer to get the right product at right time.

Rental Flats in Chennai

As a large number of students from different parts of India as well as international destinations are landing up in Chennai, so they always need to go for a shelter. Most of the students prefer to opt for a rental service. Considering this demand in different parts of Chennai, The rate of these rental flats are equally available. These rental flats are available in different room types. If a student wants, he can share that rent with his peers.

If you want to hire a 1BHK flat in location like Arumbakkam, then you can get a high class flat between Rs. 4,950-7,700 and- that is quite an affordable rate for hiring fresh flats. These flats are available in Rs.3, 818/- to 15,792/-For three bedroom flats you need to pay Rs.Rs.22,400/- to 26,600/-. All of these flats are well furnished. Therefore, while you enter the flat, you need not to think about adding anything to the flat. Seeing this increasing population of Chennai, the property owners are now purchasing flats to rent them to the renters. In recent times, this has become quite a good idea for investing.

Investing in the Chennai Property Market

As far as investing in the real estate market of Chennai is concerned, it depends a lot on the real estate market dynamics. You have to keep in mind, your objectives – whether it is long-term goal that you are focusing on or you have short-term to medium term investment option. Locations like Velachery, Nungambakkam and GST along with OMR are some of the best locations for investing in Chennai. Now, with the agreement of the Real Estate Regulatory Bill, the builders are anticipated to become more accountable and transparent in their business dealings.

So, if you are planning to buy/invest in real property of Chennai, now is the best time.