Increasing property prices make terra firma a super-luxurious commodity in Chennai real estate . This is factual not only for the plots or apartment and developed flats; even the commercial rates are rocketing. Chennai property is observing a 20-30% augmentation in commercial real estate rents. Most important commercial regions similar to Perambur and Pattalam, where the average space available at 300-650 sq ft for commercial property renting in Chennai property. Although in Chennai real estate, there are various regions in line of commercial space such as Royapettah, Vyasarpadi, Girugambakkam and so many. This development was simulated in other commercial regions approximating Velachery colony and Tambaram too. Here where the lease shot up to Rs 5,000-12,000 per sq ft from Rs 4,000 – 6,000 per sq ft. This has principally been activated by the constructive markets and growing trade actions that are illustrating working inhabitants to the city. To sum up, if we pay attention on the commercial value of the properties in Chennai , we find at present, standard real estate price per sq ft in Chennai for Plot is Rs 5,683 while for Offices it is Rs 8,333. Common real estate price in Chennai for Shops is Rs 9,720. Standard real estate price for Plot is Rs 17.46 Crore while for Offices it is Rs 9.73 Crore. Common real estate charge in Chennai for Shops is at about Rs 3.72 Crore. You can clear the commercial value among all properties in Chennai by seeing the chart-
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If buyer is seeking into investing their era and wealth into a hire property in Bangalore , there are handful things investors will desire to think. Create certain investors fully appreciate what they are accessing before they formulate the thrust. Do their investigation and take their era. There are numerous things to investigate in Bangalore property. Hollow out into the real estate history and discover if it has been victorious, or why preceding occupants preferred to depart. Inspect real estate management software, how renters will disburse hire, how they will accomplish preservation demands, and how much of their time running the real estate in Bangalore may obtain. Repeatedly times hire properties may be actually inexpensive but in the extensive run end up pricing buyer more time and cash on the difficulties that exterior. Era and wealth are costly as a real estate manager and those unseen dilemmas are not value either their money or time. The vicinity where the Bangalore real estate is positioned can provide investor some information. Observe if the environs have a lofty felony rate that could stay probable occupants from picking their real estate. Converse with the regional neighbors and obtain a feel for the society to observe what their opinions are about the Bangalore real estate. Properties in Bangalore in the multifamily accommodation business will sprint much enhanced through good real estate management software. Find a real estate management system that will convene the precise wants of their real estate in Bangalore.
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NEW DELHI: State-owned Allahabad Bank today said borrowers will get an interest concession of up to 1 per cent on loans during the festival season, which it hopes will attract new customers. While the interest rebate offered by the bank on housing loans under the floating rate scheme varies from 0.25 per cent to 1 per cent, new borrowers taking out loans under the fixed rate scheme will get a concession of 0.50 per cent to 1.75 per cent for a limited period, Allahabad Bank said in a statement. At present, housing loans up to Rs 50 lakh at a floating rate are available at 10.25 per cent interest for a period of 15 years, while fixed rate loans of the same maturity and amount are available at 12.5 per cent. The announcement comes days after a few banks, including Punjab National Bank, launched a festival bonanza for their customers. PNB has offered floating home loans at a fixed rate of 8.5 per cent for three years. At the same time, Allahabad Bank has also reduced the interest rate on car loans for new vehicles by 1 per cent, it said. Under normal circumstances, the Kolkata-based lender provides car loans at an interest rate between 10.5 and 11 per cent. The saral loan scheme, personal loans for doctors and pensioners and housing loans for furnishing will also get a rebate of 1 per cent, it said. The concessional offer is valid from September 1 to December 31, 2010, it said. The special festival offer will encourage customers, especially from middle and lower income groups, to avail credit at reduced interest rates to fulfill their requirements during the festival season, it said. Meanwhile, Allahabad Bank has been conferred with the national award for excellence in MSE lending for 2009-10 instituted by the Ministry of Micro, Small and Medium Enterprises (MSME). The award was received by Chairman and Managing Director J P Dua from the President of India yesterday. The award reinforces the bank’s commitment and consistent contribution to overall economic development of the country through faster growth of MSMEs and other priority sectors, Dua said. Source: http://economictimes.indiatimes.com/personal-finance/loan-centre/home-loans/Allahabad-Bank-offers-festive-season-rebate-up-to-1-on-loans/articleshow/6475075.cms Filed under: Home loans Tagged: Allahabad Bank , Home loan interest rates
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While residential properties are demanded and priced higher than commercial ones, real estate developers in Ahmedabad feel demand for the latter is likely to rise again. According to developers, factors like improved market sentiments and better economy is resulting in rise in demand for commercial properties. However, in commercial properties, while the demand for shops is likely to remain stagnant, it is the office space that is likely to see more deals in the near future in Ahmedabad. “Shopping and consumerism has yet not picked up in Ahmedabad. On the contrary, there is a growing demand for office space. Not only new offices are being demanded but the areas are also growing. Unlike in the past when most of the office space was concentrated in central business districts (CBDs) like Ashram Road and CG Road, nowadays office space buyers are preferring other areas like Prahladnagar, SG Highway, providing more scope for developers to build such properties,” says Vijay Shah of M/s Vijay Shah, a real estate development firm. As per a recent report by Jones Lang LaSalle India (JLL), while the western central micro market that includes locations like CG Road, Ashram Road, Prahladnagar, Bodakdev, Vejalpur, Vasna, Satellite, Thaltej, Sola and Science City Road has witnessed average capital values at around Rs 3,000-5,500 per sq ft, western suburbs like Bopal, Ghuma, Shela, Shilaj, and Sarkhej-Sanand Road have witnessed it around Rs 2,500-3,500 per sq ft, indicating healthy deals in these micro markets. “So far Ahmedabad saw more deals in residential while office space was limited. But now many properties are coming up on SG Highway. Enquiries with JLL for office space have also begun increasing. Recently, a multi-national IT firm which has a Pan-India presence was also looking for office space in Ahmedabad. The growing demand for commercial properties especially in office space can be attributed to both improved market sentiments as well improved quality of supply,” says Kripal Singh, manager – strategic consulting, JLL India. Even the eastern part of the city has also begun witnessing a growth in demand for commercial properties. According to Babubhai Vora, president of Ahmedabad (East) Builders’ Association (ABA), the association’s recent property show saw around 400-450 different residential and commercial schemes that were displayed receiving ample enquiries. Meanwhile, Jaxay Shah, director of Savvy Infrastructure Limited feels the rise in prices of properties by 20-30 per cent as well as post-recession optimism is likely to attract more builders towards offices spaces. Source: http://www.business-standard.com/india/news/demand-for-office-spaces-to-grow-in-ahmedabad/406624/ Filed under: Ahmedabad , Builders/ Developers , Serviced apartments/offices Tagged: Ahmedabad , Commercial Properties , Jones Lang LaSalle India
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The fortunes of Ghaziabad have seen many ups and downs in the past, quite similar to the changing fortunes in a person’s life. While it has been a big industrial town of Western UP for long and close to the national capital, it could not match the rapid progress of Gurgaon and Noida. While they latter two made huge strides in infrastructure development and in attracting industries and investments over the years, Ghaziabad is only now trying to catch up with its more famous NCR counterparts. In any case, it is still an ideal place for all those who don’t have a generous budget to buy a house. If you are a salaried person looking for a decent home, then this town will not disappoint you. There are enough options for all those who are ready to buy houses in the range of Rs 25 lakh to Rs 30 lakh. Recently, we set out on a search mission for a property that fits the bill of people with a modest budget to spare for a house. There are certain pockets in Ghaziabad where you can get a good deal in Rs 25 lakh or a little more. The only thing is that one has to be very careful while going for these properties. Obviously, the property coming that cheap has some pitfalls also. In Sector 6 Vasundhara, you can get a 2-bedroom house (around 800 sq ft) for as low as Rs 24.5 lakh. The only negative point is that these flats are builder flats. Though the agent tells us that they all come equipped with pumps, etc, we have to be extra careful before going for the kill. The locality is no doubt good. Problems that persist in the area are power cuts and water availability. One can also get a plot in Karhera village on Loni road at Rs 6,000 per sq yard. The place is not developed as yet but people who want to invest for the future use can probably look at the option. Earlier, it was the agricultural land but now the plotting has started in the village. If you want to go further down the road from Karhera on Baghpat Road around 15km you can get plots in that price range at Tronica City. However, the only problem as of now seems the distance and that these places are not developed as yet. But who has ever thought of living on NH 58 or for that matter NH 24 – so, keeping the future in mind one can go for the investment. However, the caveat is that one should properly check all the necessary papers before going for a deal. Meanwhile, in Ghaziabad, you can also consider Raj Nagar Extension for your abode. It is on NH 58 in Ghaziabad and around 10km from Indirapuram and 15km from Delhi border. Samir Jasuja of PropEquity says that Raj Nagar Extension is turning out to be a bastion of affordable housing. Over one dozen developers, including SVP, Techman, Ajnara, Landcraft, KDP, SG Estates, Ashiana, Shree Energy, Quantum, Devika, ACC, Ascent and NCC Group are developing their projects here. All these developers are working together in order to develop Raj Nagar Extension in a big way. They have also formed an association that is working collectively towards the integrated development of this area. “We wanted to make sure that the people get infrastructure when they move in here. As this area is off the main road, Meerut bypass, the need is to give it a facelift and make it look like a posh locality,” says Sunil Jindal, CEO of SVP Group. This association is also working to set up a communication centre, which will disburse information about the developments in the area. They are also working to develop a website for the area. However, Ghaziabad-based journalist Ravi Arora cautions the would be buyers of flats in Raj Nagar Extension to be very careful while taking a final call in sealing a deal. “We have seen in the past that developers make all promises only on brochures and they fail to implement them in the actual projects,” Ravi Arora concludes. Ashok Gupta, MD of Ajnara Group, says that the location of this place also makes it a soughtafter proposition. From Delhi if you are moving towards Meerut, you have to take the road on your left as soon as you cross the Hindon river. This road has been recently developed and gives you a feel of the kind of society this area will attract. Imagination gets a boost once you see work on the GD Goenka International School going at a hectich pace on this road. A girl’s hostel, a vocational college and a training institute have also been announced in the vicinity of Raj Nagar Extension. The area will be connected through a six-lane expressway connecting GT Road with NH 58, which eventually goes straight to Dehradun via Meerut. Further, the proposed flyover and road from Hindon airbase will offer express connectivity to Delhi via Wazirabad. As per the latest policy development, the proposed Delhi-Haridwar highway will also pass through Raj Nagar Extension, further enhancing connectivity of the area. Raj Nagar Extension offers houses ranging from a 1BHK for Rs 12 lakh to a 3BHK for Rs 40 lakh. Apartments are being sold at the rate of Rs 1,750-1,950 per square feet. But, there is a rider – as developers started their projects only lately, you will the delivery of your home only after two-three years. So, if you can wait for this much of time then you must consider it. Source : http://content.magicbricks.com/affordable-housing-hub-ghaziabad Filed under: Builders/ Developers , Delhi , New projects Tagged: ACC , Ajnara , Ajnara Group , Ascent , Ashiana , Devika , Ghaziabad , KDP , Landcraft , NCC Group , Quantum , SG Estates , Shree Energy , SVP , Techman
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After years of trying to drum down competition, the real estate industry has finally realized the value of collaboration. Just look around you and you see corridors of development all across the country. Take the Golf Course Road, Sohna Road or even the Golf Course Road Extension across Gurgaon and the benefits are there for all to see. When an isolated pocket is developed, it remains in the realm of dirt tracks and bad roads. But the minute there are more developments along the same stretch there is pressure on the authorities to deliver good off-site services. This method of collaboration has been perfected in a couple of experiments East of Delhi. In hitherto unique experiments, in the Raj Nagar Extension (RNE) and the Crossings Republik (CR), erstwhile rivals who had adjoining plots of land or even along the same corridor got together to market the area first before their individual properties. So, what brought them together? Manu Garg, spokesman of the Raj Nagar Extension Association and director of Landcraft Developers, says: “We have put group interest ahead of individual success. The common ground was that we were all offering affordable properties and so had similar requirements as far as development of the area was concerned.” Obviously, the driver is not altruism but a necessity. Gaurav Gupta of SG Estates says: “In the beginning, during recession, the idea of joint marketing of the area was a matter of necessity than a choice since real estate was the worst victim of slowdown and was facing extreme liquidity pressures. It was then that the builders working in Raj Nagar Extension, SG Estates Ltd, Landcraft, Ashiana Homes, MCC, SVP, KDP, Ajnara, Quantum, Moti, etc, decided to join hands to jointly promote the area rather than expend individual time, effort and money. It not only helped in sharing of marketing costs but also gave a unique positioning of the area and a uniform message was communicated to customers since all the marketing communication was done under the banner of Raj Nagar Extension Developers Association. Joint marketing did not stop at media advertising alone but also included press conferences, exhibitions, web promotions, among others.” Rohit Modi of Ashiana Homes corroborates this at the association at RNE. “In addition to promoting the area together and the obvious marketing benefits, we also formed a pressure group which could work with development authorities to speed up development work. Since there were common needs we all focused on speed of implementation.” Having seen the benefits of collaboration, they are now pushing for further enhancement of the area. Now that the first connecting road is ready, Modi and other members of the association are confident that the remaining link roads and other infrastructure will happen soon. For Palash Aggarwal , a late entrant to RNE, “The association added value to the area. It is a healthy concept where 20 developers collaborate for the common purpose of development. When the common facilities like water, electricity and roads are taken care of then selling is not a problem at all. Today, we are promoting the area as a belt for affordable housing and marketing expenditure for individual developers too is substantially reduced.” For Vijay Jindal, CMD of the SVP group, there is a point of comparison. While in RNE, he benefits from the association with others, in Mohan Nagar, he is the only big builder. “The customer has no point of comparison and is confused about our assurances about the quality of investment in the area. In RNE that problem does not arise. When a builder is alone, he spends far more time and money on marketing the area and then his project.” R K Arora of the Supertech Group saw similar advantages in speed of completion when developers got together in the Crossings Republik. Why did he not go for a similar association along the Noida Expressway? “Because there was no land consolidation involved there. The authority gave us land with clean titles and the transport corridor was already there.” For the salaried middle-class buyer who constitutes the largest chunk of today’s property buyers, these basic facilities make the area livable. Pooja Sethi, who lives opposite Niravana in Gurgaon, explains: “Till the inter-linking roads were created, these homes were inaccessible to people like us and we would not consider living here. Today, with accessibility issues resolved, we find these affordable rental options and love living here. The difference is that in Gurgaon, the roads came as a government initiative that happened because of citizen activism. Collaboration by developers for common ends is still not as organized as in Ghaziabad.” Today’s buyer is an end user. That use is possible only when there is a critical mass of residents in an area. From the user perspective, places like Gurgaon are benefitting from multiple developers building along corridors. Issues like telecom cabling, telephony and water and power supply becomes easier. Even common facilities are provided by one or the other and all the developments benefit from it. Source : http://content.magicbricks.com/builders-engaging-in-collaborations Filed under: Builders/ Developers , Delhi Tagged: Ashiana Homes , Gurgaon , SG Estates , Supertech Group , SVP group
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After the grand success of Ocus Technopolis located on the Golf Course Road in Gurgaon, Ocus Group has announced the launch of Ocus Technopolis2 — Gurgaon’s first ultra efficient commercial project. Spread over 2.43 acres in Sector 51, Gurgaon, Ocus Technopolis2 is slated to become the location of choice for all retail and commercial needs, claims the company. This commercial edifice will have a range of office blocks/ business suites overlooking the wide and open expanses of Sector 51, giving a clear and unobstructed view of the Gurgaon skyline, along with an open sky retail piazza to satisfy everyday as well as exquisite needs. With a fascinating and diversified landscaping, Technopolis2 aims to fulfill the desire of those who want to “live their work life,” with serene natural surroundings and modern and premium amenities at their fingertips. Several on-site and nearby amenities in and around Technopolis2, add a unique appeal to the address. It will boast of flexi offices, furnished business suites, business centre, several fully-equipped conference rooms, F&B outlets, multi-cuisine take-away & a world class retail arcade among other facilities. With easy accessibility to the National Capital with the City Centre Metro station in close proximity and direct access to NH8 & golf course road, Technopolis2 seeks to contribute to the growth and beauty of Gurgaon. Key highlights of the project: • Located in a thriving & well developed neighborhood with schools and hospital nearby. • 200,000 sq ft of office and retail space spread over 14 floors, with spacious interiors including a double height atrium, excellent views from the tall tower and the finest of finishes. • The 80,000 sq ft open to sky retail piazza spread exclusively over the ground and upper ground floor will be the heart of Technopolis2 social scene. With a host of venues and activities for you and your family to enjoy, the retail piazza will be the place to meet up, relax and have fun. • Natural light, high ceilings, open-plan layouts and maximum use of the view have been incorporated to ensure that none of the units seem confined and as a first, a Show office has been created at Technopolis to give an impression of how the office can eventually look. • Premium semi furnished office suites with personal washrooms exclusively from second floor onwards. • Ultra modern amenities with a state of the art and innovative maintenance system to help provide the facilities at an ultra low cost. • A unique and innovative construction linked payment schedule, keeping in mind customer convenience. • Close proximity to the existing metro Huda city centre station. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=10026&cat_id=1 Filed under: Builders/ Developers , Delhi , New projects Tagged: Gurgaon , Ocus Group
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Vatika Group that on track as a property enlargement company is, at the moment, a multi-tiered organization with real estate property and generosity expansion and amenities management interests. more than the years, the Vatika builders has erected an imposing collection of projects that distance business and housing complexes, five star hotels, resorts, business centres, restaurants and health outfits. Vatika Group also has its own conveniences management faction to miss the entire range for the uppermost eminence standards. Vatika Premium Floors – Achieving the high success among their all past projects, Vatika group launch their new projects in the Gurgaon property in sector 82 NH-8 with the price rate of 4883709. This is the very luxuriant property by Vatika Group. Vatika Gurgaon Next – Vatika Gurgaon Next is the next projects by Vatika builders in the field of property in Gurgaon real estate. It is the easy property for interested investors under the price rate of 3592300 located in Gurgaon sector 82. Vatika trade center – Vatika Trade Center is the center of investment by investors derived by the Vatika Group in Gurgaon property in sector 82. This project is affordable priced projects with price rate of 3900000. Vatika city homes – Vatika City Homes is the heart of Gurgaon property among the all properties in Gurgaon. With the price range of 3160000, this most luxury projects is placed in Gurgaon for attracting the property investors to buying property and making themselves profitable.
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Real estate is the backbone of numerous a millionaires’ destiny – and when Mumbai terra firma is single of the little things that “They” are not crafting anymore, it formulates sense that real estate will forever be as a minimum a deliberation when it moves toward to investing. Real estate of Mumbai prices has been comparatively opposing to the GFC, predominantly in evaluation to other countries, for instance the India property. Approximating shares, there are two essential modes to create currency from investing in Mumbai property – lease and capital grows. Lots of populace selects for the capital profits alternative, as Mumbai needs a moderately bulky deposit to absolutely equipment a real estate as optimistic devising is when the operating cost of the real estate are lesser than the leasing profits. This process is uttered unenthusiastic devising. Single benefit to unenthusiastic devising is that the beating as of investor’s real estate can equalize tax from other profits. Unnecessary to remark, investing in Mumbai real estates property isn’t a short-range plan, but should be fixed in with investor’s long term investment objectives. Therefore what investment should investor match? That counts on what investors desire to attain and what they feel relaxed with. Countless citizens don’t desire to transaction with the residents, broken toilets, et cetera of real estate, but others crave to perceive what they’ve in reality invested in. If you searching about Mumbai property, consulting with the professional and advisers of properties, you always find the Mumbai real estate is stated as an unsurpassed figure among all properties in India in form of investments.
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After the grand success of Ocus Technopolis, located on the Golf Course Road in Gurgaon, Ocus Group has announced the launch of Ocus Technopolis2 — Gurgaon’s first ultra efficient commercial project. Spread over 2.43 acres in Sector 51, Gurgaon, Ocus Technopolis2 is slated to become the location of choice for all retail and commercial needs, claims the company. This commercial edifice will have a range of office blocks/ business suites overlooking the wide and open expanses of Sector 51, giving a clear and unobstructed view of the Gurgaon skyline, along with an open sky retail piazza to satisfy everyday as well as exquisite needs. With a fascinating and diversified landscaping, Technopolis2 aims to fulfill the desire of those who want to “live their work life,” with serene natural surroundings and modern and premium amenities at their fingertips. Several on-site and nearby amenities in and around Technopolis2, add a unique appeal to the address. It will boast of flexi offices, furnished business suites, business centre, several fully-equipped conference rooms, F&B outlets, multi-cuisine take-away & a world class retail arcade among other facilities. With easy accessibility to the National Capital with the City Centre Metro station in close proximity and direct access to NH8 & golf course road, Technopolis2 seeks to contribute to the growth and beauty of Gurgaon.
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