1 BHK Apartments for sale in Virar, Mumbai

Apartments in Mumbai for Sale, Very much negotiable for buyer if full payment or heavy down payment done in cheque or cash Best buy from direct owner, No agent Just 1.5 km to 2 km from virar railway station 5 minutes by share auto rickshaw and 15 minutes by walk from railway station. Good frequency of share auto rickshaw from railway station Add Paradise complex, Manvel pada road, Virar (East) Garden, Bank, Market, Hospital, Gas agency, Rickshaw stand, School is near just 0.5km by about 5 minutes walking 80% loan from bank, 20% down payment 1 bhk cidco good condition resale residential flat for sale in virar east. Cidco approved with municipal corporation (Vvmc) daily water supply and water storage and 24 hours electricity supply. It is a 1bhk flat it has 1bedroom,1 hall, Kitchen,1bathroom,1 w.C. 5 year old 6 building complex Facing West facing flat Flat available on 3nd floor of 4th floor Possession Immediate Property age 5 years Transaction type Resale Built up area 515 sq.Ft Price =17.90 lac/- Car park

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Property prices in Jaipur face a slump

Jaipur has been the top most cities for investment in the state of Rajasthan. However recent reports suggests otherwise. Yes the price of property sites in Jaipur, especially residential ones have been facing a slump in prices. There has been an average decline of close to 4% each quarter over the past year. And these have been worrying signs for the real estate market. In fact there has been a total of 10% decline in property prices in the past year in some localities in the city. Years leading up to the 2013 saw a sharp rise in prices of properties such as apartments for sale in Jaipur. Property prices those years saw a rise of close to 67% which is a mind boggling number for any Tier I city.

"The recent assembly and general elections had an impact hurting demand as investors looked for policy cues from the new governments both at the state and Central level. While the buyers' sentiment cannot be described as bearish, expectations have tempered a bit which is normal after a steamy appreciation. But demand will come back in the couple of months before Diwali which will drive the price appreciation. The reduction of the gap between DLC and market rates will lead to stable pricing regime and will curtail the room for black money transactions although there will be some upward pressure on the property prices" said Vinay Joshi, president, Rajasthan Affordable Housing Developers Association said to the media.

As of today close to 40% of the demand generated in the city for commodities such as property sites in Jaipur come from the end user or home buyers. Home buyers dictate the market to a large extend.  And that is probably one of the reasons why there has been such a disparity in the market in the current scenario.  Apartments for sale in Jaipur today have only a few takers due to the hesitation on the buyer’s part. However with the new government and the budget being announced, things are said to show threads of improvement.
 
"If not rising, housing prices have been stable in recent months. But to say that they have declined by 3.8% doesn't seem to be the case on the ground. Pipeline of developments still remains robust and there 500 projects including all segments and sizes are under various stages of planning and development in the city." said N K Gupta, chairman of Manglam group.
 
Next year is said to be a decider for most Tier I and Tier II cities real estate markets in India. With the purchasing power of the residents of the city improving with the improving economy, things are said to have a trickle down effects on various aspects of the economy and the market. With service sector like IT entering the Jaipur market, the demand for affordable homes and mid segments homes are said to rise. One has to wait and watch how the market responds to the recent developments.

Rapid Urbanization Lure Many Home Buyers to Invest in Bangalore Peripheries and Suburbs

Known for being one of the leading exporter of IT sector- Bangalore is cited to be one of the most sought after realty destination. And with with the IT insurgence creating various employment opportunities- the city is expanding its horizons and is attracting a pool of migrants. This has thereby lured many property developers to enter the realty market and create extraordinary apartments in Bangalore. 

And with most of the central localities reaching saturation point- various peripheries have now been included within the city limits. Barren sections of plots in the suburbs today hold huge structures that boasts of having state of the art homes and modern day amenities. Real estate developers with both national and local presence are announcing various residential capital ventures that cater to the needs and demands created by both MIGs (Middle Income Group Individuals) and HNIs (High Net worth Individuals). 

Neighbourhoods in and around IT hubs that have currently witnessed major developments include Begur Road, Whitefield, Sarjapur Road and Electronic City. These suburban localities have now been transformed into becoming self sufficient micro markets that boasts of having the perfect blend of both residential and commercial spaces. Due to their proximity to various IT parks- the demand for homes here keep increasing day by day. The housing influx has escalated so much that even investors are offering there 1 and 2 BHK flats for sale in Bangalore especially in these vicinities. Second time home buyers and local investors who had purchased homes a few years ago are reselling the property at double the price - and potential home buyers are still considering investing due to its high ROI (Return on Investment).

Apart from these localities- one vicinity that is bustling with construction activities is Begur Road. Cited to be an ideal realty destination by many families thanks to the existence of basic civic amenities, property prices in Begur are soaring at an all time high. Various developers are now purchasing huge tracts of land here only to create residential projects that meet the requirements of many families. According to recent report- the vicinity is all set to have over 100 housing projects here. Apartments in Bangalore especially in this neighbourhood are cited to hover over a price bracket of Rs 3,100 and Rs 3,700 per square feet. However, the prices could vary depending on the specifications and facilities offered by the developer. 

Another element that has ensured that the peripheries remain sought after investment destinations is its growing infrastructure. These neighbourhoods have various projects in the pipeline that are thereby luring many first time home buyers. Projects like the Namma Metro and the Bruhat Bangalore Mahanagar Palike’s (BBMP) plan to widen arterial connectors like Sarjapur Road, Kanakapura Road and Bannerghatta Road has roped in a lot of investment. The proposed PRR (Peripheral Ring Road) too is another project that is enticing many to shift base here. 

Be it if you are a migrant or a local- the city has a lot of offer to you. The perfect blend of both commercial and residential space makes Bangalore city one of the most sought after realty destination. So don’t shy away from investing in properties in peripheries. If you cant make a realty investment in a new project- you could always buy 1 or 2 BHK flats for resale in Bangalore. 
 

The Robust Rental Market of Jaipur Lures Many Investors and Second Time Home Buyers

It doesn’t come as a surprise to see individuals moving out from their home town to explore various job and educational opportunities outside. However, one city that has still managed to retain its inhabitant with rapidly developments in Jaipur. The city of lakes is currently brimming with activities that is not only revolving around developing the IT (Information and Technology) sector, the city is also fast developing into becoming a educational hub thanks to a number of research centers and schools and colleges mushrooming. 

Because the Pink City has attracted a pool of students, property sites in Jaipur are being purchased by local and national real estate developers who are showing a keen interest in building many affordable apartments. Some of the most sought neighbourhoods by students include Pratap Nagar, Mansarovar and Malviya Nagar. The presence of many engineering, management and medical colleges have attracted many students who are either purchasing properties here or are considering living in PGs. Below we decode the cost of living in some of the most preferred localities.

Pratap Nagar
Located on National Highway 8, the area is cited to be one of the fastest growing neighbourhoods in the city of Jaipur. Its proximity to the Durgapura Railway station and the International Airport has fulled the realty demand here. Working professionals working in neighbouring cities prefer renting generous spaces here. Local investors are purchasing 2 BHK apartments for sale in Jaipur especially in this locality and are letting them out on rent anywhere between Rs 8,000 and 14,000 per square feet depending if the homes are semi or fully furnished. 

Mansarovar
Situated in the heart of the city, the vicinity is home to many management and engineering institutes. The presence of these institutes has roped in a fair share of migrant population who are now looking towards investing in a smaller apartment that can be availed on twin-sharing basis. Property sites in Jaipur anywhere near Maharishi Arvind Institute of Engineering and Apex Institute of Management and Science have been occupied by many students. For an apartment that spreads over 1,500 square feet- rentals are likely to fall anywhere between the price bracket of Rs 10,000 and Rs 20,000 per month. For homes that have a carpet area of 1,000 square feet- rentals are likely to vary from Rs 7,000 and Rs 16,000 per square feet, depending on the facilities and amenities offered by the builder.

Malviya Nagar
Situated towards the southern region of the city, the locality is home to various commercial and industrial establishments. The existence of many reputed eatery joints, cineplexes, healthcare units and shopping malls have attracted the cosmopolitan crowd. Students and working professionals from the nearby tech and trade parks are fuelling the rental demand here. The high rental yields are also enticing many investors here. For instance 3 BHK apartments for sale in Jaipur especially in this area is estimated to cost an average of Rs 60 lakhs. However, the same 3 BHK home generates a rental return of Rs 20,000 per month- thereby making the realty market a haven for many investors.

Where Should You Purchase Residential Plots in Bangalore?

With capital values of homes soaring day by day, the dream of owning a villa or an independent home might remain distant. But that where residential plots are now coming into the picture. While most of the central localities are dotted by high rise apartments, the suburbs are brimming with opportunities thanks to the availability of tracts in large parcels. So to help you make informed decision- we tell you where buying residential plots in Bangalore will be beneficial for you. 

WHERE TO INVEST
Localities like Devanahalli, Mysore Road, Electronic City and Sarjapur Road have the highest supply of residential plots in Bangalore city. From small sections to large tracts of land- these neighbourhoods are fast become active realty hotspots. 

While most of the smaller sections that spread over 200 square yard are estimated to cost an average of Rs 5 lakhs, 10 acres of lands hover over a price bracket of Rs 8 crore and Rs 10 crore. Both national and local builders are now purchasing land in large parcels only to build new projects in Bangalore- especially in the peripheries. 

CAPITAL APPRECIATION 
While property values of apartments are appreciating, capital values of plots are escalating rapidly. The high ROI (Return on Investment) is another reason that fuelling the realty demand. 

Electronic City- In a neighbourhood like E-City where residential plots are sold at an average cost of Rs 4,100 per square feet, capital values have escalated over 10 percent in the past one year. 

Devanahalli- The per square yard rate for residential plots here are estimated to fall under the price band of Rs 10,000 and Rs 14,000 per square yard. Recent reports have documented the property value appreciator to be 19 percent in the past two years.

Sarjapur Road- Wooing potential home buyers and real estate developer due to its affordable property prices- lands here have witnessed an escalation of 31 percent in a span of just one year. The ongoing prices for plots here are expected to cost anywhere between Rs 18,400 and Rs 22,150 per square yard. 

Mysore Road- Owing to its strategic location and seamless connectivity, residential plots here are cited to be the most sought after. And with there being a constant demand-values for land too have seen an escalation. Property values of land here have almost doubled in a span of just one year. According to current market trends, residential plots for sale on an average are estimated to cost Rs 20,500 per square yard. 

Real estate developers are now tapping these trends and are investing in lands in large parcels so as to build new projects in Bangalore suburbs- thereby developing many peripheries. Apart from property developers, end users too are investing in plots only to build their dream home, that might otherwise costs crores if bought in a gated community or a township project. Purchasing a stand alone plot and building ‘your choice of home’ are finding many takers. The appreciating capital values too are luring a fair share of investors who are now purchasing in land only for it to reap formidable benefits. So no matter who you are- Bangalore has a lot to offer you if you are willing to purchase a plot!

Now is the right time to invest in Gurgaon

Considered to be one of the leading industrial and financial center of the country- Gurgaon is a city that is located 32 kilometers away from New Delhi. Situated in the NCR (National Capital Region) near New Delhi, the city has witnessed brisk development. Cited to be one of the most preferred residential destination, many reputed real estate players are now creating extraordinary living space. Although the city is undergoing a turmoil due to lack of infrastructure new projects in Gurgaon are offering round the clock civic amenities thereby luring many potential home buyers.

According to recent reports, properties in Gurgaon have appreciated over 30% in the past one year. The real estate scene has revived from its stagnant stage and the market is currently brimming with construction activities. While the construction delays pushed home buyers to postpone their decision to buy homes, the current scenario is offering the perfect opportunity to individuals to buy their dream home. In a span of just one year, the market has show signs of recovery and for over 50 home buyers, there are over 100 homes available. Residential apartments in Gurgaon range from affordable to mid-segment to even ultra-luxurious homes. The constant demand for all of these sectors have resulted in abundant supply of housing units. Renowned real estate developers have created a number of residential projects that has given the home buyers the bargaining power.

Cited to be one of the best times to invest in the real estate market there is an inherit demand for bigger homes. While more than 50% of ready to occupy 3 BHK homes are available, 25% of 4 BHK flats are ready to be handed over. The insurgence of IT/ITes sector is improving the realty market, many working professionals are now attracted towards investing in affordable homes while the middle-income class group is targeting the mid-segment. A number of new projects in Gurgaon have mushroomed along the southern peripheral road that leads to National Highway 8. This stretch not only provides great connectivity towards cities like Manesar and Dwarka but it will also become one of the most sought after locality as its surrounded by developed sectors like Sector 70, Sector 78 and Golf Course Extension.

In just a span of one year capital values of apartments along the National Highway 8 have seen an appreciation of 15%. While the year 2013 recorded an average of Rs 5,900 per square feet, the following year saw a hike of Rs 1,000 ensuring that the current prices fall under the average of Rs 6,900 per square feet. Apart from NH 8, residential projects in Gurgaon along the Dwarka Expressway have seen a constant demand. Property prices along this stretch have increased over 42% in the past two years. Strategic location, great connectivity and top notch amenities are some of the factors that are pushing capital values of homes here. The ongoing rates for apartments in Dwarka Expressway are estimated to hover anywhere between Rs 5,300 and 5,600 per square feet.

So for all those home buyers who have postponed their decision to purchase a property, buying a property now is a safe bet.

North Chennai is the best place to look for apartments in Chennai

Northern part of Chennai is where the real estate market of the city is growing. Here is a look at two micro markets located in this part of the city.

Avadi

The going rate for apartments in Chennai located in Avadi stands at INR 3400 per square feet on average. This was a drop of about 10% when compared to the previous quarter when the prices stood at INR 3700 per square feet on average. In the third quarter of 2013 the going rate for apartments here INR 3900 per square feet which was an increase of about 9% when compared to the second quarter. The last quarter of the year saw a drop in prices where the prices stood at INR 3100. This was a drop of 19% when compared to the previous quarter. The going rate for properties in Chennai such as individual homes and villas located in this micro market stands at INR 5200 per square feet on average. A year ago the going rate for these properties stood at INR 4800 per square feet on average.

2 BHKs are the most sought after apartment configuration in this micro market. This is followed 1 and 3 BHKs. Buyers mostly prefer to spend anywhere between INR 10 to 20 lakhs on properties in Chennai located in this micro market. This is followed by the INR 20 to 30 lakhs range. Buyers are willing to spend an amount which is equal to INR 2000 per square feet. This is followed by the INR 2001 and 2500 per square feet. The most preferred unit size for apartments here falls between 751 and 1000 square feet.

Ambattur

The going rate for individual house for salein Chennai located in Ambattur stands at INR 5500 per square feet on average. This was an increase of about 16% when compared to the previous quarter when the prices stood at INR 4700 per square feet on average. In the third quarter of 2013 the going rate for apartments here INR 4300 per square feet which was a drop of about 6% when compared to the second quarter. The last quarter of the year saw a drop in prices where the prices stood at INR 6000. This was a tremendous increase of 40% when compared to the previous quarter. The going rate for properties in Chennai such as individual homes and villas located in this micro market stands at INR 5300 per square feet on average. A year ago the going rate for these properties stood at INR 4200 per square feet on average.

2 BHKs are the most sought after apartment configuration in this micro market. This is followed 1 and 3 BHKs. Buyers mostly prefer to spend anywhere between INR 20 to 30 lakhs on propertiesin Chennai located in this micro market. This is followed by the INR 10 to 20 lakhs range. Buyers are willing to spend an amount which is equal to INR 2000 per square feet. This is followed by the INR 3501 and 4000 per square feet. The most preferred unit size for apartments here falls between 751 and 1000 square feet.