Property in Chennai - Know About the Most Preferred Areas in Chennai for Buyers

Infradoctor research indicates that Velachery is the most favorite residential alternative among the buyers of real estate in Chennai. According to different findings of the newest edition of the PropIndex of Apr-Jun 2015, which is an India Apartment Index, around 52 % of properties in Chennai have witnessed a boost in the active listings as well as 44 % of properties in Chennai have witnessed a boost in the capital values. Velachery is known as the most favorite destination of property in Chennai.

Velachery is positioned in the Southern Chennai as well as is near to the IIT Madras. Multiple factors are there which soar higher on popularity. Velachery has very good locations and properties in Chennai for living because it is connected well with the important parts in the city like Tambaram, Thiruvamyur, Pallavaram, Madipakkam, Medavakkam, Thoraipakkam, and Guindy. Madipakkam is having ample transportation options like local autos and buses - running at normal intervals. Velachery is well equipped with ATMs, banks, hospitals, as well as shopping malls.

Be it physical or social infrastructure, open spaces or connectivity, Velachery properties in Chennai match all the requirements of buyers. Despite the infrastructure, Velachery is favored by buyers because of its closeness to different IT hubs located along the OMR (Old Mahabalipuram Road).

What makes Velachery among the top properties in Chennai? Let’s discover. In Velachery, an average range of capital values Rs. 5,940- 7,880 per sq ft. According to Infradoctor you can purchase a 2BHK apartment with the budget of Rs. 30 lakhs- 1.30 crores with different sizes of 700-1400 sq ft. For bigger units like a 3BHK apartment, the amount payable is between Rs. 35 lakhs- 2 crores, having different sizes of 1500- 2000 sq ft.

Velachery is always under the watch of the real estate buyers and developers. The liking is not sudden at all; relatively this is the effect of the re-development as well as newer developments. During the last few years, this locality has experienced an enormous change where older buildings have demolished as well as the builders have constructed high-end residential structures well prepared with all the modern amenities. It has totally changed the appearance of Velachery as well as has made certain more grips from the investors and buyers.

Today, the Velachery has developed as among the well-developed housing localities in Chennai providing everything a purchaser wants. Straight from the high-end business set-ups, to closeness to residential homes, retail stores, IT hubs, providing good lifestyle, that offers all.

This locality is very quickly going to observe possession of more than 30 new housing projects. All these projects are planned to be delivered in the years 2015, 2016 and 2017 respectively. Nearly 30-40 % of IT employees working in Madipakkam, Medavakkam, etc. are living in this neighborhood, therefore pushing the development real estate in Chennai.

In spite of new developments and establishments, Velachery is still holding its attraction of older buildings. Invest to become a component of old Chennai as well as enjoy healthy financial advantages in the future as well as amenities of today.

Get Properties in Pune under Rs 20 Lakhs

Real estate in Pune is slowly developing as the prospective real estate investment destination because the central city has become saturated. These extreme areas are used both for end-use as well as investment purpose. According to Infradoctor, prices of properties in the outskirt areas are likely to double in the next 3-4 years because the residents are ready to travel 15-20 km in case they get accommodations of their likings. Therefore, if you want a property in Pune within a limited budget, think about these areas in the Pune real estate market. If you go to 33 km South-East from the core town, you will get yourself in some lesser known industrialized hubs like Shirwal, Urali Kanchan, and Sanswad Road. If you have never heard about them, let’s take a quick look at them: Shirwal Shirwal is having manufacturing plants of country’s leading appliance and automobile brands. This area has large tracts of the land accessible for development. Nevertheless, the majority of them are farming lands that will be converted to R-zone for the development real estate in Pune. According to Infradoctor, more than 15 projects are in progress here, providing multi-storey apartments with the budget of Rs. 10 to 20 lakhs. Shirwal also provides plots within the budget of Rs. 6 to 15 lakhs for the plot size of 1000 to 3000 sq ft. Even though, principal builders haven’t come here yet so local builders are providing possession of the residential units within 6 months. All these units have amenities that are at-par with all branded projects. Shirwal PunePlot is having values within the range of Rs. 4,228 to 6,543 per sq yard during the period of Apr-Jun 2015. These values have risen in the last one year. In the quarter of Apr-Jun 2014, the values range was Rs. 4,700 to 5,400 per sq yard. Urali Kanchan Uruli Kanchan has become very popular due to its Naturopathy Ashram. Nevertheless, currently, it was in news to witness development in Pune real estate at a brisk pace. Many multi-storey apartments as well as villa projects are used as the serviced apartments by the Ashram visitors. Though, civic amenities in this locality require improvements. Some projects will give possessions in six months, whereas the leftovers are scheduled to be given within the next couple of years. The plots are sized between 333 to 3000 sq yards with the gated community is also accessible within the range of Rs. 1 to 10 lakhs, while the apartments are accessible within the range of Rs. 12 to 40 lakhs. Saswad Road Closeness to Jejuri MIDC and Hadapsar IT Belt is the main driver the real estate locality. Despite this, the region is also measured as the second destination of home due to its nearness to many picnic spots located at Narayanpur, Sarasbag, Purandar, and Katraj Zoo. The properties in Saswad are booming at reliable pace. The property options mainly consist of plots. Nevertheless, projects of multi-storey apartments are also on the cards. A 1500 to 3000 sq ft housing plot is accessible within the range of Rs. 3 to 7 lakhs whereas multi-storey apartments can be priced within the price range of Rs. 30 to 35 lakhs. In the Apr-Jun 2014 quarters, plot the prices has ranged between Rs. 3,100 to 4,600 per sq yard. This value has amplified to Rs. 4,200 to 6,500 per sq yard during the Apr-Jun 2015 quarter.

Real estate enchroachers

government should take action for such person.

Want to Invest in Noida? The Best Time is Today

For the first time property buyers, who is making the biggest buy of the life and puzzled to take an initial step, the way of purchasing a home, whether for investment or living, have to be taken care of and there are many reasons, which will raise your decision of making investment in real estate in Noida. Buy and sell property in Noida has become easier by using a few of the greatest marketplaces online as well as their effective techniques. Some well known websites like Infradoctor are well known in India. Talking with different real estate brokers and consultants in Noida, Infradoctor found that if you want to invest in Noida, the best time is today and here are a few reasons for that: Profitable Schemes: Among the main reasons after buyer’s attention towards properties in Noida are the profitable schemes, which the developers have come out with like return schemes, buy back, as well as no EMIs till possession. These schemes without doubt attracts purchasers as well as are good for the investments also, however, the purchasers should make sure to validate builders credentials, make investments on the property sites in Noida with clear titles as well as faith in developer with reliable status in the Noida real estate. According to the conclusion of Infradoctor, purchasers that have already made an investment in property in Noida are enjoying wholesome capital appreciation. Around 75 % of the overall localities of Noida have observed increase in the capital values. New Developments: There are numerous new government programs made for enhancing the city infrastructure. Wire-free Zone: According to the Noida Authority executives, Noida Sector 150 is ready to develop into the greenest city in Noida having all electric wires including water, telephone, and power will be undergrounded using RCC (Reinforced Cement Concrete) is the mixture of steel and concrete for building a structure rather than using only concrete channels. The work of this project will start from June 2015. After successful completion of this work in Noida sector 150, this same know-how will be pursued in other sectors in Noida together with Noida-Greater Noida Expressway. Infrastructure: The Government has unveiled many infrastructure development projects for Noida as well as Greater Noida that will increase the buy and sell of property in Noida. Here are some plans to be mentioned: * Rs. 750 crores have been allotted to 8,000-vehicles, multi-level facility of car parking * For upgrading traffic as well as road facilities like elevated roads, flyovers, underpasses, and bridges, Rs. 2,033 crores have been allotted. * For a projected postgraduate institution and super-specialty children hospital, the government has cleared funds of Rs. 701 crores. * From Sector 18to Botanical Garden Metro station, a lofty pedestrian pathway worth Rs. 58 crores is on inauguration list. * From the projects mentioned above, there are numerous infrastructure plans proposed for the Noida-Greater Noida because the total sum of Rs. 7,400 crores is assigned for different development projects. * If you look at different development plans in Noida, the first objective of both buyers as well as investors should make smart purchase.

Tragad: The Quickest Developing Housing Hub in Ahmedabad

Ahmedabad is among the quickest developing cities of the world at the moment. As far as infrastructure is concerned, it provides, among the finest options in India. With growing job opportunities, it magnetizes workers from all parts of the country. The subsequent important problem after getting a job is finding a flat within a safe residential area. Until now, the areas like Maninagar, Satellite, Vejalpur, Vastrapur, etc. in this city have provided many options. Nevertheless, these areas have almost reached their saturation limits, so the Ahmedabad property builders have already started making investments in property sites in Ahmedabad located at the outer reaches of Ahmedabad. Tragad, located close to Chandkheda is a destination that has attracted many housing schemes during the recent times. Tragad works like a connection between Chandkheda as well as well developed SG Highway. The area is still having ample development possibilities. The housing constructions developing here might mostly be divided into two different kinds; one in which only housing flats are offered and in other one, commercial shops are also accessible in addition to the residential flats. Because this vicinity is still developing, it provides comparatively cheaper housing alternatives for the people. This area might look like the rural area, however, very quickly; it will become among the most posh areas in the city as well as one would enjoy an undisturbed life here, outside the hustle-bustle of the other high-class localities. With the advent of Metro trains, the prices of real estate in Ahmedabad are likely to increase considerably. The BRTS buses are also available in the close by Chandkheda also helping many people that have come here to settle down or to make an investment. Tragad is near to the capital city Gandhinagar, so people who are doing their job in Gandhinagar favor this area because it is very easy to travel between Gandhinagar and Tragad on the everyday basis. According to Infradoctor, the Ahmedabad real estate prices are not very high at the moment, so one can expect to have a flat with somewhere around Rs. 20 to 30 lakhs according to the available schemes, carpet area, and the number of rooms given. For people that have shifted from any other city, this area provides lots of accommodation options accessible on rent. According to Infradoctor, these rent prices differ from around Rs. 5-7 thousand per month. In addition, the accessibility of comparatively cheaper shops has involved people from close by areas for establishing their personal business here that, in turn, adds to the locality growth. Many new banks, schools, retail stores, and medicine shops have opened in Tragad during the last few months. The nearby railway stations include Sabarmati and Chandkheda. In particular, Sabarmati is quickly developing as the main railway station, which connects Ahmedabad to the majority of areas in the country. For people, who travel by air, this area is somewhat away from the Sardar Vallabhbhai Patel International Airport although you can use Cab services to reach there. Tragad has lots of development possibilities and it is rapidly developing into a safe and attractive housing hub in Ahmedabad.

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Mahagun Developers in Noida Extension

Mahagun Developers have been developing outstanding Real Estate Projects in Noida Extension since last few years. Mahagun Developers put innovation, quality & durability in all their Real Estate Projects in Noida Extension. Recently they have hired big names to endorse their projects for which they are seeing a huge rise in Sale of Properties in Noida Extension too.

 

 Ace Web Studios: Properties developed by Mahagun Developers have all the hi-tech amenties in them like sprawling green parks, well landscaped, 3-4 elevators in each building, neo classic architecture, separat drop off areas, etc. Ace Web Studios: Mahagun Developers has recently started developing its new venture known Mahagun Mantra in Noida Sector 10. It is especially deveveloped for Residential purpose in Sector 10, Noida. All world class amenities are present here for people. These ar only some of the featurses of Mahagun Property developers. Come & experience them yourself by visiting them.

Prices of Real Estate in South Delhi

Recently it has been observed that the prices of real estate in South Delhi have dropped from 20%-35% in the last one year.

Due to this the developers and investors are offering are huge discounts on sale of secondary houses in South Delhi.



If we look six months back then discounts in real estate in South Delhi was being offered only by developers on new homes in South Delhi region.

But with the oversupply of them currently, even owners of houses are facing several issues in selling houses in South Delhi. All this is a result of slowing down of economy in recent times. The buyers are negotiating tremendously with sellers now and looking for the cheapest opportunity in terms of secondary sale of houses.

The areas that are worst hit by this crisis are Defence Colony & Vasant Vihar, Greater Kailash, New Friends Colony & Gulmohar Park. Sellers in these areas who were asking for 9-10 crores for their houses earlier are now ready to take the deal even at 6-7 crores. So if you are planning to buy any apartment or independent house in South Delhi at present, then we would like to advise that this is the best time to invest in real estate in South Delhi. As who knows, the property rates might again rise anytime soon.

Property Trends in South Delhi :

Generally it is said, that property value goes up with time, but there are exceptions too rising from the market trends. A similar price downfall has been happening in certain areas of South Delhi.

In the recent times, several types of discounts were being offered to customers by developers on almost all projects, be it residential or commercial. But now with the oversupply of houses in South Delhi areas, developers are even ready to negotiate for sale of their houses.

All this is a result of the slowing down of economy in recent years that developers as well as investors are finding it real hard to have to negotiate with customers for their final sale. The areas which are worst hit by such crisis are Defence Colony & Vasant Vihar in South Delhi. For now, developers & investors can only hope that the economy rises and it becomes a win-win situation for them soon.

Properties in Ghaziabad:

Ghaziabad is an area that primarily serves the middle class for housing. There are several densely populated areas in Ghaziabad like Kaushambi, Vaishali and Indirapuram and several new areas are coming to the limelight too like Raj Nagar Extension & NH-24 which includes the Cross Republic Township as well.

 
 When looking into properties in Ghaziabad, we analyzed that the development in areas that are very populated and already occupied like Kaushambi, Vaishali and Indirapuram has come to an end due to the lack of area and space for further extension.

All the new projects that are under construction now in other areas are for premium and upper economy class with prices ranging from 5,000-6,000/sq. ft. With plans of metro also reaching Ghaziabad now, the rates are very likely to shoot up in all established areas as well as areas that are under construction and would be linked to metro.  Concluding, properties in Ghaziabad are now being developed keeping in mind the upper middle class .

Properties in Faridabad – Infra Doctor

 Properties in Faridabad :  Seeing the present real estate market trend, Faridabad is one of the most preferred regions for investment. Be it residential sector or commercial sector, properties in Faridabad are growing at a very fast pace and this is a huge opportunity for investors to plunge in. Several investors have already started putting in investments in Faridabad in residential and commercial sector.

    Even the rental properties in Faridabad are at a rise along with buying of properties in Faridabad. The development in Faridabad can be measured with the number of malls, multiplexes, residential complexes and commercial complexes that have developed here. All these create an essence of a hi-tech society for those who are living here as well as those who visit here. Overall, compared to growth of real estate in other areas of Delhi, recently after thorough survey we can say that the properties in Faridabad are on the rise at a very rapid rate and it’s the best time for investment if you are planning to invest your money somewhere for immediate profit.

Buy Property in Noida Extension

A lot of people are planning now a days to invest in properties based in Delhi & NCR especially Noida and Noida Extension. As Noida Extension is proving to be a hotspot currently for property investments, most investments are being pulled by it.


 Several big property giants like La Residentia, Gaur City, Paramount, Supertch, etc. are investing huge amounts in several sky high towers in Noida Extension for residential as well as commercial purposes . Thousands of outsiders from NCR have already invested in such properties in Noida Extension and are several being booked daily. If you wish to see your money double up that you invest in property today, we would like to advise you to go for any of the above properties in Noida Extension. As the construction work that's in progress in these areas is beyond high class, your money is surely about to be doubled in next couple of years.

Resale Flats in Dwarka

Resale flats have also been an area of interest for buyers. There are numerous advantages and disadvantages of resale flats. Today we will talk about the resale flats in Dwarka, as well as their pros and cons.

Pros of Resale Flats in Dwarka:

The most important and prime pros of buying resale flat in Dwarka is that the price of it is much less as compared to that of a new flat. According to current market trend, the price of resale flat in Dwarka is lower by at least 20% as compared to the price offered by developer after construction. And due to this, at places like in micro- markets where the sales have shown a down trend in recent times, the gap has widened between the primary and secondary / resale market.

  Investors who generally purchased a couple of flats in Dwarka earlier for the sole purpose of resale at a later stage are now finding it really very hard to sell even at the prices at which they had purchased them a couple of years ago. Now to safeguard their situation many are even selling at a lower price just to recover as much as they can of the base price invested. The second most important pros of buying a resale flat in Dwarka is that unlike when you buy a developer’s apartment where you get possession after 2-4 years approx, here you can get the possession within 6 months. Often buying new flats has the risk that the project might be delayed or called off due to some reason, but in this case of resale there are no such risks.

Cons of Resale Flats in Dwarka:

The biggest con of purchasing a resale flat in Dwarka is that the seller may ask for payment in cash so that he can bypass the tax step on gains. In such cases it becomes most tough for the salaried class of people who depend most on bank loans for all such purchases in life. If he / she buys a flat from some developer then he has the option of paying in standard installments which makes him at ease. Buying a flat in resale market means that there will be immediate outflow of large amount of cash from you at once for which you might have to show the source of earning too if tax department asks for it.

Conclusion:

Keeping in mind above pros and cons, we at Infra Doctor.com would suggest all to go for primary flats sale in Dwarka until and unless you have complete money at hand for disposal along with proper sources of it when buying a resale flat in Dwarka.