Why You Should be Purchasing Properties in Marathahalli Right Now

Residential real estate in Bangalore is on the growth path. This city is one of the few in all of the country to have a successful realty story in the past few years. The growth seen here has been tremendous and has bucked all the predictions made by real estate pundits. Apparently the realty related rules applied for most of India do not apply here.

The housing sector in Bangalore has to thank the Information Technology sector for its success. It is primarily the IT industries present in the city which have given a great lift to demand for housing. There are many IT hubs present in the city. And almost all of them have a strong market for residential properties. Most of the demand and supply for housing in the city is centred in these areas. 
One of the more important IT and real estate destinations in the city is Marathahalli. This micro market is located in the south eastern part of Bangalore. The real estate landscape of this locality after the IT boom hit Bangalore. The area was once a village but today it ranks among the most well developed localities in the city.

A flat for sale in Marathahalli is priced between INR 6000 to 10000 per square feet depending on the amenities on offer. Plots in Marathahalli are priced between INR 4000 to 5500 per square feet. There are multiple other factors which have influenced buyers when it comes to purchasing properties in this area. Besides being an IT hub of good repute, the micro market is also well connected to the rest of Bangalore. The National Highway 7 passes through this locality. Localities which have a big connector like a state or national highway always find favour among buyers. The Outer Ring Road is also another major connector which is located in close proximity to this area.

The micro market lies in close proximity to other residential and IT hubs such as Whitefield, Electronic City and Sarjapur Road.  One of the reasons why a flat for sale in Marathahalli is in demand among buyers is because it is more affordable than a flat located in other IT hubs. This has in fact led to an increase in demand for properties in this locality. Most of the residential properties present here are apartments. There is good demand for rental properties as well, as IT professionals sometimes choose to rent properties rather than buy them. So even if you are thinking about buying a property as an investor and not as an end-user, then Marathahalli is still a good option. Rentals here fall between INR 16000 to 21000 for 2 BHKs.

A fair share of residential properties present here are apartments. This is not to say that properties such as villas and plots in Marathahalli aren’t available. They are, but not in the abundant numbers that flats are present. With rapid infrastructural improvements on the cards for the whole city, buying into properties in Marathahalli will make a lot of sense.

Why Bangalore’s Electronic City is one of the City’s Best Real Estate Buys

Bangalore has been one of the happening real estate hubs in the country. The realty sector here is experiencing good times. While the northern markets are facing a decline in sales volumes, this city is showing great signs of growth. End users and investors are showing great faith in this market and are buying up homes in good numbers.

One of the most important factors that is driving growth in the city as far as real estate is concerned is the strong presence of the Information Technology and Information Technology Enabled Services sectors. The economy of the city is driven to a large extent by these two sectors. So when the IT sector slumps, the realty sector here will also slump. But if it is on the growth path, the real estate sector will also growth. This is a trend that is witnessed across cities whose economy is dependent on one employment driver.

Areas which have a strong presence of IT/ITeS are doing well in terms of real estate. The areas which surround these areas have also received the resultant benefits of the real estate boom. The walk to work concept has really caught in the metros and people are generally preferring to stay close to their place of work. This is one of the reasons why properties in Bangalore which are located in the areas such as Marathahalli, Hebbal, and Electronic City are popular among buyers. They are good rental hubs as well for those who work in these sectors but are unable to purchase properties there.

Electronic City is one the more well-known IT hubs in the city and the entire country. The going rate for apartments in Electronic City stands at INR 3400 per square feet on average. This makes this micro market one of the more affordable areas in the city. The going rate for villas located stands at INR 6000 per square feet on average. Plots in this micro market can cost around 1500 per square feet on average. 

In the year 2014 there was maximum demand for 2 BHK apartments in Bangalore. But there was a sharp decline in demand when compared to the previous year. The drop was about 33 percent when compared to 2013. The drop has been seen across all configurations but not as drastic as the one for the 2 BHKs. The demand for 3 BHKs dropped by 14% and the demand for 1 BHKs dropped by 9%.

There is a strong presence of about 300 plus companies in this locality. There is a size demand for properties which fall within the affordable and mid segment categories. There is also demand for villas in this micro market. Properties in Bangalore which are situated in this micro market are sought after by those who are working in the IT sector. Prices have been going up to the tune of nearly 30% here. So the time is right to invest in properties in this micro market and reap rich rewards later.

Why should you invest in Kelambakkam

OMR has always been one of the most popular locality for investment in the city. The thriving IT sector had paved way for a real estate wave that took the region by storm and things have ever since been on the right track. This IT corridor has been instrumental in many a development activities in the region and it had opened a whole new suburban market in the city. With a number of IT Parks planned in the city and in and around this region created employment opportunities here, this eventually led to a fleeting population looking for residential real estate in the region. Apartment from investors from the city, the market also opened up to a huge potential rental market. Since then the price of properties in the region has only gone up. SIPCOT, the prime state owned IT Park and regions around it have enjoyed the many benefits of being in such a location. In spite of distance from the city the region still enjoys high real estate prices in localities such as Kelambakkam. “OMR boasts proximity to IT corridor of the city, while Kelambakkam is a connecting junction between East Coast Road and Vandalur Kelambakkam Road and connects to the nearest IT corridor at a distance of 8km,” says Vishesh Rana of Srishti Property Solutions to Times of India. 

“Some of the localities in South Chennai witnessed price fall because of mismatch in demand and supply. Majority of the demand is for multi-storey apartments. However, builders are coming up with single-floor units that are expensive and do not offer amenities and features that buyers aspire for,” says Swamy Nath, a local broker to the Times of India.

Inspite of the many drawbacks like distance and slow moving market recently, OMR stills tops the chart in terms of the real estate market. Kelambakkam surely has stood out as a price investment option if you are looking to buy apartments in Chennai for purely investment purpose. Let’s elaborate on the many reasons why one should choose to invest in properties in Kelambakkam:

• Kelambakkam shares close proximity to SIPCOT- one of the largest IT Parks in Chennai today. This state owned IT/ITes Park has a number of multinational companies operating from there and looking at residential accommodation to support their staff.

• Distance of this office space from the city has forced many IT employees to look for properties in the locality itself. Travelling to and fro to the city centre is not a feasible option for anyone. Therefore most of them prefer renting or buying properties in Kelambakkam.

• The area has new and recent developments. Everything around the locality is very brand new. There are a number of gated communities that offer of the facilities within its compound and hence one doesn’t have to move out of the locality.

• The locality is also close to the entertainment and recreation corridor of East Coast Road offering good entertainment and recreational facilities for its residents

• For investors this area poses a great opportunity to earn good and steady rental income. And one ones looking to reside in Kelambakkam, you can invest in individual house for sale in chennai here for almost half the cost in comparision to the city.

A Look at the most Desirable Realty Destinations in South India

The real estate scenario in the southern cities of India has been quite different when compared to what is happening in most of the northern markets of the country. While the scene in the northern markets has been rather grim, the southern markets have been showing signs of stability and growth. The two major cities which have been in the forefront of this real estate wave are Bangalore and Chennai. Hyderabad will have to be excluded from this list as the realty market there is still in the process of recovering from the political turmoil inflicted on it for quite some time.

Real estate in Bangalore is growing at a good pace. The city has everything for everyone, right from affordable housing to luxury projects. The city is primarily dependant on the Information Technology and Information Technology Enabled Services sectors for its growth. The areas which are most in demand are located in and around the IT clusters. Northern parts of Bangalore are also getting increasing traction on the real estate front. There is increasing appetite for luxury housing in this city as High Net worth Individuals and Non Resident Indians are coming into this market.

As far as Chennai is concerned, the market is still very much an end user driven one. As such is it very isolated from the market fluctuations experienced up north. Chennai residential properties which are located in the southern parts of the city are heading towards saturation. It the northern and western parts of the city which are booming real estate wise. Properties such as Chennai studio apartments and plots which are located in these parts are fetching great returns for buyers.

Areas in the north part of the city are becoming quite popular among property seekers. This is because the infrastructure there is rapidly improving. Some 20 years ago no one would have thought about investing in Chennai residential properties which are located in the north of the city. But now end users and investors are flocking towards the micro markets of the north to make purchases. Areas like Perambur, Ambattur, Madhavaram and Kolathur are grabbing the attention of developers and buyers. The reasons for this are very simple. There are still large parcels of land available here and at cheap rates at that. One can easy purchase properties between INR 30 to 50 lakhs here.

Another area of growth is the western parts of the city. Areas such as Porur, KK Nagar, Ashok Nagar, Vadapalani, and Iyyapathangal are also quite popular among buyers. The micro markets here are relatively affordable when compared to those in the central and southern parts of the city. They are also well connected to the central business districts of the city, which is a factor that has worked in the favour of micro markets here. The GST Road stretch and the micro markets of this part of the city have also found favour among buyers. There is good demand for Chennai studio apartments which are located here. 

What’s in store for real estate in Chennai

2014 was not that great a year for real estate in Chennai. The city recorded a drop in sales volumes during all the quarters of 2014. But the real estate sector here has been fairly protected from the prolonged slowdown faced by many of the metros in the country. The buyers in this market are very conservative and don’t want to speculate. They don’t generally want to park money in risky propositions. The market here is driven by end users and is hence protected from speculation to a great extent.

2015 is expected to be a much better year for the city. The housing segment is expected to grow and stabilize during the course of this year. Property prices and rentals are set to increase through the year according to latest reports. This will bring good cheer to the industry here which has been witnessing a slump for the past year or so.

Though these predictions have been made there are a few things that need to happen in order for the growth to materialize. From the developers’ side, many of them feel that the approval process to begin a project is rather tedious. There are about 58 approvals which have to be given by the government of the state before a developer can even start a project. Many of them are clamouring for a single window approval system. They seem to believe that the market for properties in Chennai will pick up if there are no delays in approvals.

Infrastructure is also a key driver when it comes to enhancing the demand for apartments for sale in Chennai. The thing about infrastructure is that it should not be limited to only certain parts of the city. The distribution of these infrastructure projects should not be limited to the known areas of the city. It should be evenly distributed so that the far flung suburbs also benefit from it. Currently the project which is attracting a lot of attention is the second phase of the Outer Ring Road which will north Chennai to south. Apartments for sale in Chennai which are located along this stretch will fetch good returns.
 
In some areas of the city even the most essential civic infrastructure seems to be missing. Properties in Chennai which are located along these pockets tend to not fetch much and are not preferred among buyers. If the infrastructure situation improves here, it will benefit the housing sector present in the city.

Areas which are catching the eyes of the buyers seem to be located in pockets which are affordable. North Chennai is one such market and so are the western parts of the city. With north Chennai, infrastructure remains a problem. If the projects in the pipeline come together and work out, the real estate values here will increase exponentially. There are areas along the GST Road which are also attracting buyer attention. These three markets will drive the real estate growth of the city in the days to come.

A look at the real estate in Banjara Hills

The real estate in Hyderabad has been facing an uphill battle for some time now. The realty sector in the city had been facing a tough time buyers weren’t showing any interest here. Political instability was the main reason for this. After the bifurcation of the state of Andhra Pradesh and the creation of Telangana, everyone expected things to settle down as far the housing sector was concerned. But that was not the case. But 2015 is expected to bring cheer for the city.

2014 was clearly a bad year for the city. The process that went behind the formation of the state of Telangana put everything on the backburner including the real estate industry. The sales volumes plummeted when compared to the 2013 especially in the first half. But there were tiny signs of revival in the second half of 2014. And many real estate experts feel that 2015 will be the year that the realty industry rises like a phoenix from the ashes. The government is also trying to improve the infrastructure of the city. This will act as an impetus for the realty industry.

Despite of the slowdown, the posh addresses in the city of Hyderabad have never really lost favour among buyers. Those who want to have live in a prestigious zip codes and have the money to make it come true have certain choices available to them as far Hyderabad is concerned. And there no bigger address than Banjara Hills in the city if posh what you are after. The area is considered to be one of the prestigious zip codes in the country.

Once nothing more than a hunting ground for the family members of the Nizam, this area has come a long way as far real estate is concerned. Now the area is a hunting ground for property seekers who are looking for apartments for sale in Banjara Hills. The area is considered to be one of the primary Central Business Districts in the city along with Jubilee Hills. As such there are a lot of commercial establishments present in this part of the city.

It is very hard to come by plots in Banjara Hills. The market is well established and quite saturated. The social infrastructure here has is bursting at the seams because of the number of hotels, restaurants and big retail outlets. There are residential properties are without a doubt on the expensive end of the spectrum as far as real estate in the city is concerned. The going rate for apartments for sale in Banjara Hills stands at INR 7500 per square feet on average. The going rate for plots in Banjara Hills stands at INR 6400 per square feet on average.

There is great demand for 3 BHK flats in this micro market. Buyers are willing to spend anywhere between INR 2 to 5 crores on properties here. The unit size most preferred for flats here falls between 1001 to 1250 square feet.

Growing infrastructure and seamless networking make HSR layout an ideal realty destination

With central localities reaching saturation points, a number of peripheries and suburbs have fast developed into becoming most sought after micro markets. And one such market that is bustling with an array of construction activities in HSR Layout. Strategical situated between Sarjapur Road and Hosur Road, the vicinity is cited to be one of the most preferred realty destination of Bangalore. The 1,500 acre neighbourhood offers the perfect mix of residential and commercial spaces making the locality a hub for the cosmopolitan crowd.

Apart from the growing commercial belt- the green canopy is another factor that is enticing many property builders. The serene environment, the large green parks create the perfect background for premium homes- and builders are leaving no stone un-turned when it comes to creating extraordinary living spaces. Both local and national real estate developers are purchasing large tracts of land to build marvelous capital ventures. Apartments for sale in HSR Layout are selling like hot cakes. According to recent reports, the influx of housing demand has reached such a point that the absorption rate of housing units has crossed 60%. Depending on the amenities offered by the builder an apartment for sale here is expected to cost an average of Rs 4,700 per square feet.

Owing to the presence of land in large parcels, the area is cited to develop further. The insurgence of many residential projects along areas beyond the BDA (Bangalore Development Authority) layout are cited to be residential hotspots. Some of the active residential catchment areas include- Venkatapura, Somasandrapalya, Hosapalya and Parangipalya. Luring potential home buyers with their world class facilities, a house for sale in HSR Layout, especially in any of these sub-localities is expected to hover over a price bracket of Rs 7,900 and Rs 10,200 per square feet.

Another factor that has played a pivotal role in flourishing the area’s realty sector is its seamless connectivity. HSR Layout’s proximity to ORR (Outer Ring Road), Hosur Road and Sarjapur Road has enticed many working professionals from neighbouring SEZs (Special Economic Zones) to shift base here. The upper middle class white collared professionals are renting out various properties here. If you are finding it really difficult to zero down on a liable property worry not, check out the IP verified listing on IndiaProperty.com. Second time home buyers and investors are now tapping into the growing rental demand and are letting out their spaces only to earn fruitful returns.

With there being an inherit demand for 2 BHK homes, it doesn’t come as a surprise to see property prices soaring. According to data, rental yields in this vicinity have witnessed a 16% escalation. On an average, home here are estimated to churn a rental yield anywhere between Rs 16,000 and Rs 25,000 per month depending if the homes are semi or fully furnished.

So if you are looking to investing in properties that promise high ROI and also generate high rental yields- HSR layout is the place for you.