Tuesday 23 February 2016

15 Real Estate trends to watch out for this year

The second half of 2014 was full of positive surprises for India’s real estate sector. Important events like banks lowering interest rates, RBI offering incentives for infrastructure financing and creation of real estate investment trusts (Reits) were one-of-its-kind initiatives that real estate developers cheered during last year.

And, the two most remarkable events was unveiling of ‘Make-in-India’ campaign and relaxation of FDI norms in construction sector has also brought in a lot of optimism into the sector, which is most of the times riddled with controversies. 

Now, when we have ushered into 2015, real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. 

Lets scroll down to know what’s in store for the real estate sector in 2015. 

Residential plots to rule the roost 

Unlike conventional market trends, residential plots are gaining prominence amid property buyers.

Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. 

This can further be justified by the fact that they are now considering upcoming smart cities, where apartment culture is yet to catch pace.

Also, for the development of these smart cities, smaller areas in the peripheries are being identified. 

As this concept is yet to take off in most areas, plots tend to have become a strong investment option.

South India will gain a lot of traction and here’s why 

Projects with over 1000 units or above are gaining ground in regions like Devanahalli and Hoskote in Bangalore and Old Mahabalipuram Road (OMR) and Grand Southern Trunk Road (GST) in Chennai.  

Interestingly, these projects are situated on the outskirts of the city. 

While availability of land parcels are prompting developers to launch these projects, lack of requisite social infrastructure provisions in the area is fuelling demand for the large projects. 

A few such projects can be spotted in north India as well.

Heritage cities are a next big thing  

The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come.

The cities to be considered in the 1st phase of development include: Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya.

The second phase will include cities such as Puri, Tirupati, Allahabad, Ujjain, Hampi, Rishikesh and Lucknow. While cities like Varanasi, Rishikesh and Lucknow are already seeing considerable realty growth, other cities are likely to join the bandwagon soon.

Industrial corridors to boost infra growth in hinterland 

Cities falling along the major industrial corridors are expected to see immense growth in the coming years.

As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs.

Thus, once completed, the real estate growth at India’s hinterlands, connected via these corridors, will be exponential.

Affordable Housing wil be the buzzword 

Affordable housing has become the talk of town ever since BJP, in their manifesto, promised ‘housing for all’ by 2022.

Post the budget, that opened a jackpot for affordable housing with a mammoth budget of Rs 4,000 crore (Rs 40 billion) and tax incentives for home loans, the mission got another facelift. 

In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50,00,000 in metropolitan cities and Rs 40,00,000 in non-metro cities will now come under the purview of affordable housing. 

Moreover, RBI accorded the infrastructure status for affordable housing projects. Cashing on this, realty giants such as Mahindra Lifespaces, Tata Housing, Supertech are launching affordable projects in major metro cities.

Faridabad, an emerging hotspot in NCR 

Faridabad and even greater Faridabad is expected to be the next hotspots in NCR due to the robust connectivity they have with Noida, Gurgaon, Greater Noida and Delhi. 

Greater Faridabad is a newly formed residential and industrial part of the city, and is being developed as a self-sustained sub-city, with malls, wide roads, tall buildings, commercial centres and educational institutions.

There are plans of extending the (Delhi) metro to the city to ease travel between Faridabad and Delhi.

Read more:  http://www.rediff.com/business/report/pix-real-estate-trends-to-watch-out-for-in-2015/20150108.htm

Friday 19 February 2016

5 Reasons for Increase in Demand for Commercial Property in Bangalore


Bangalore known as “the Garden city” as well as “the silicon valley of India” has emerged as goldmine for the Karnataka state. Real estate market is flourishing with the development of residential and commercial projects in and around the city. Investors and NRIs are preferring property in Bangalore for investment purpose. The city is expanding and offering immense opportunities with boom in suburb market.

Many reputed builders are brining luxury ventures to meet the increasing demand for offices and shops in the city. The graph for commercial office space is exponentially increasing due to several factors. Major reasons for steady increase in the demand for commercial properties in Bangalore are as follows:

IT and ITES SEZ: As Bangalore is an electronic city already, many multinational are willing to open their corporate office here. There are numerous IT companies like Wipro, HCL, Convergys, Accenture, Infosys, etc, and still more opening in the area.  Whitefield, Hebbal and Sarjapur have major IT/ITES hub today. Setting up of SEZ in these areas have spurred economic growth in the state. 

Infrastructure: As Government revives the plans for infrastructure growth, real estate developers continue to bring new projects that meet rising demand of property buyers. Presently, 6 metro projects out of the 9 proposed metro plans by Namma are operational. This has tremendously improved connectivity all over the city. You can find many new developments in these areas which are inviting huge investment from across the sectors.

Value Appreciation: As educational, residential and IT hub, commercial property in Bangalore has become most preferred choice for investment. According to experts, investing in Bangalore can yield good return in future.  With industrial and IT development, hopes for higher capital gains have also increased. At present Whitefield, Yelahanka, Indiranagar, Narsapura and various other places offer decent returns.

Increasing Population: Be it soothing climate, skilled professionals, quality education, job opportunities, good work-life balance, Bangalore offers always the best. In addition to this, reverse of brain drain due to increase in opportunities in the place has also led to influx of population here. Constant upgradation of infrastructure and social amenities has been the major growth driver in the city.  The city checks all the points which make it the most preferred city in India for property investments. Real estate in Bangalore offers several commercial projects in Hosur, Whitefield, Sarjapur, Cunninggham Road, Electronic city, Marathahalli etc regions. These new developments are built to the highest standards to ensure fully secure and safe business environment for the increasing IT base as well as the manufacturing sector.

To attract tech savvy customers, these projects are being developed using high end technology. The other attractive features of the newly developed commercial projects are property staff, 100% power backup, multilevel car parking, conference room, CCTV surveillance, smoke detectors & fire alarms in common areas, etc. Current price of commercial shops in Bangalore starts from Rs. 2 Lacs onwards.  If you are planning to buy property or invest in Bangalore then these commercial shops and offices spaces give you best investment options. You can enquire online about commercial projects in Bengaluru through 360 Realtors who have been recently awarded the “Best consultant” for the Year 2015” by Indian Realty Award.