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Hyderabad: Best sectors to invest in 2017

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http://realty.economictimes.indiatimes.com/news/industry/-hyderabad-best-sectors-to-invest-in-2017/56202071

Investment Hotspots report by Magicbricks Research indicate that upcoming projects being built in these nodes enjoys growing employment, improving infrastructure and increasing population.

A recent survey by Magicbricks on ‘Demonetization impacts home buying’ revealed that over 70 per cent of respondents thwarted their intention to invest in a property due to demonetization. The percentage is a big number and should not be missed by investors. If more currency gets pumped into the market early next year and gets circulated amongst people, then the return of demand will be imminent. Therefore, investors looking to earn return-on-investments (ROI), should know the destinations in each city.

Investment Hotspots report by Magicbricks Research indicate that upcoming projects being built in these nodes enjoys growing employment, improving infrastructure and increasing population. Thus, long-term capital appreciation is likely to occur for anyone investing here. These new nodes are laden with realty potential in years – 2017 and 2018.

Top sectors to buy a property

Gachibowli and Manikonda have a major share (61%) of demand. The reason for high demand is rental demand due to proximity to work place and presence of support infrastructure.

GACHIBOWLI has the highest share despite being an expensive locality. This shows that consumers put high emphasis on the habitability aspect. Demand for Appa Junction is a spill-over from localities towards the east Chevella Road. Other localities lack support infrastructure and are situated at some distance from office space hubs.

What are consumers buying?

Consumers prefer 3BHK units the most followed by 2BHK units. The price range of 3BHK format is Rs 40-60 lakh bracket which garners 38 per cent demand followed by the same format in the Rs 60-80 lakh budget segment which gathered 28 per cent consumer demand.
The 2BHK format is the second most preferred with bulk (54%) of the demand in the Rs 40-60 lakh segment. The overlapping demand for 2 and 3BHK units in the same budget segment is because consumers are willing to opt for smaller sized apartments (2BHK) at a higher price to stay in their preferred locality (Gachibowli).

Best bedroom configurations for buying and renting options:

Properties available

MANIKONDA is preferred as it offers the best infrastructure as well as connectivity. It also has options across a wide price range from Rs 20-40 lakh to Rs 1-1.2 crore. This gives flexibility to the consumers to choose as per their budget. Though, most consumers are looking for 3BHK options in Miyapur. Most consumers in Chandanagar are looking for 2BHK format in the Rs 20-60 lakh price bracket. Demand for 3BHK units is mainly in the Rs 40-60 lakh budget. More than 60 per cent demand in Nizampet is in the Rs 20-40 lakh segment and for the 2BHK format.

What are consumers buying?

Consumers prefer the 2BHK format in the corridor from both house purchase as well as rent perspective. It has more than 50 per cent share of consumer preference as rent or purchase options. This can be explained by the fact that relatively smaller size of the 2BHK apartments helps a buyer to keep the overall purchase cost on the lower side. About 84 per cent of consumer preference in the 2BHK segment is in the Rs 20-40 lakh segment followed by the Rs 40-60 lakh bracket with only 16 per cent share.

Best bedroom configurations for buying and renting options:

Properties available

The sentiment amongst buyers is hopeful if not positive. Even real estate consultants believe that the severe effects of demonetization will phase out in the early months. If this stands true, all those of you who have withheld your decision to buy, should utilize this time to survey the sectors and shortlist suitable properties.

Source: economictimes.

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

On Thursday, Andhra Pradesh Chief Minister N. Chandrababu Naidu said with the estimated expense of Rs. 5,556.74 crore, the construction of more than 2,44,164 houses, out of the proposed 3,03,044, has been commenced under the NTR Housing Scheme 2017.

While addressing the second day of the Collectors’ Conference he also said the construction of the remaining houses will begin soon. He mentioned that Prakasam and the Kurnool districts are ahead of the schedule in the urban housing scheme. Also, the works are in full swing in the Nellore and the Guntur districts under the rural housing scheme.

According to Naidu, the government will complete 2.5 lakh houses by January next year and another lot of two lakh houses by June.

By October 2, 2018, the state government intends to finish the construction of all the houses and plans to celebrate with massive house warming ceremony with local public representatives. This will help them set an example for housing schemes in other states.

Also Read: Raunak Group Presents Apna Pehla Ghar Campaign

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A Mumbai Suburbs’ Swift Transformation From Industrial To A Residential Zone: Wadala

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A Mumbai Suburbs’ swift transformation from industrial to a residential zone: Wadala

An industrial zone primarily, Wadala has undergone a drastic transformation in the past decade. Now an upcoming residential area, this Mumbai suburb is one of the seven islands to form the modern Mumbai. It is located on the Harbour line of Mumbai’s railway network.

Due to its proximity to BKC, large scale land development was inevitable, thus fueling the real estate market. Wadala is bordered by Dadar on the West, Matunga on the Northwest and Sewri on the South. Nestled between south Mumbai and the suburbs, Wadala enjoys strong connectivity by road and rail to most parts of Mumbai.

It has a number of flyovers like the Anik Panjrapol Link Road, Elevated road and Santacruz flyover. Thane, CST and Chembur are connected via the Eastern Highway while the Western Highway connects the locality to Bandra and Borivali. Wadala has the biggest bus depot in Mumbai. Furthermore, the multiple infrastructure initiatives like the monorail, Truck Terminal and the expansion of Highway are in various stages of development.

All this has given rise to residential demand and pushed the property value over the last few years. One of the most populated areas in Mumbai, Wadala has a large number of old temples, churches and dargahs, university campuses, schools, reputed hospitals and is also home to a former world’s largest IMAX dome theater. There are many stores, showrooms and malls around Wadala like the R Mall, High Street Phoenix and Palladium Mall.

Ramesh Nair, COO – business and international director, JLL India says, “A decade ago, property prices at Wadala were as low as Rs 2,800 per sq. ft. and it rose to Rs 14,000 a few years ago.”  As the infrastructure plans are on their way, so are the renowned developers like Ajmera, Dosti Group and Lodha Group among others.

Wadala at present offers one of the highest returns on real estate investments in the region. All the above-mentioned developers have their luxury projects in the area.

Ajmera I-Land introduces Aeon, Zeon and Treon towers with 2, 3 and 4 BHK plush homes. Conceptualized by renowned Singapore based Architects Space Matrix, these spaces with top-of-the-line lifestyle amenities exude exemplary class and finesse. The first residential floor begins at 110 feet from the ground level and offers several modern lifestyle amenities like kid’s pool, swimming pool, gymnasium, club house, open space and landscaped gardens, yoga room, kid’s play area and senior citizen corner.

Dosti Ambrosia is a 36-storey tower nestled in the 18 Acre Township of Dosti Acres. The architecture of the project was undertaken by renowned Hafeez Contractor in the 2 and 3 BHK apartments. It offers an exclusive rooftop swimming pool with 40,000 sq. ft. of landscaped gardens. You will find all modern conveniences like Gymnasium, Tennis Court, Indoor Badminton Court, Yoga and Meditation Room, Elderly Corner, Banquet Hall, Indoor Games, Indoor Badminton Court, Guest Rooms, Restaurant, Grand Entrance Lobby, Kids Play Area, 2 Club Houses and an Amphitheatre.

New Cuffe Parade by Lodha Group offers its residents all the comforts of a world-class lifestyle. The 2 and 3 BHK homes are spread in over 23 acres of land with 15 acres of stunning landscape and 75,000 sq. ft. of the club house. It includes 11 swimming pools, an organic farm, cricket pitch and multiple themed gardens. The buildings are designed by the world renowned WOHA in Singapore and the landscape was planned by Sitetectonix in Singapore.

Also Read: Mumbai to get Building Taller than Burj Khalifa, Road Bigger than Marine Drive

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Rajasthan Government May Hike The Affordable Housing Prices

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Rajasthan Government May Hike The Affordable Housing Prices

The prices of homes under the ambitious Mukhyamantri Jan Awas Yojana are expected to be increased by the state government.

According to the sources in the empowered committee meeting to be held on Monday, a proposal to increase the cost of a low-income group (LIG) and economic weaker section (EWS) houses will be proposed. Urban development and housing (UDH) minister Srichand Kriplani will chair the meeting. The LIG and EWS houses, presently are being constructed on government lands by private builders. These homes are sold at a fixed rate of Rs 1,250 per sq feet; out of which 1000 rupees per sq ft is given by Urban Improvement Trust (UIT), development authorities and local bodies to the builders.

According to provision 4(A) and 4(B), the developers are supposed to build EWS and LIG houses on government land. Seventy-five percent of such government land can be used in building EWS and LIG houses, while the remaining 25% can be sold by the developers. However, since the rates provided by the government are less the developers are not showing interest to construct houses under these categories. Sources said, “In Jaipur, not a single developer has shown interest in constructing houses under this model. The JDA has invited expression of interest (EOI) several times.”

The UDH is leaving no stone unturned to attract the builders in order to achieve the target of constructing 10 lakh houses by 2019. The sources mentioned, “As per the new proposal, the department has proposed to provide Rs 1,600 per sq feet rate to the developers. The land rates have increased subsequently over the period of time; this is why increasing rates has become a need of the hour.”

Sources further added, “The developers are constructing G+3 buildings at present. However, it is not cost-effective. It has been proposed to construct G+2 buildings for LIG and EWS category.”

Also Read: The Impact Of Regulations On The Real Estate Market

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