The Indian Residential Real Estate Market Report For 2015

The year 2015 did not prove to be very good for the residential Indian real estate market. A continued level of growth could not be attained due to the interplay of many factors. Many real estate investors burnt their hands and even big names have taken a hit. Inventory pile up, wary customers, builder’s liquidity crunch, banks plugging further finance, strict government controls were some of the major factors that proved a dampener to the residential real estate sector.

Despite the gloom, there is certainly some good news. In cities like Bangalore, Hyderabad and Mumbai, sales have picked up and a pause on new launches has brought down the inventory levels. Compared to the past 3 years, the year 2015 was better for the residential real estate market with new launches and price corrections.

Reviewed below is how the residential real estate fared in some of the major cities.

Mumbai

Over the third quarter of the year, there have been a couple of new properties in Mumbai as against the freeze on launches in the preceding quarters, developer initiatives like attractive interest rate cuts by RBI have brightened up the scenario. The year saw the launch of a basket of luxury and mid segment projects.

Noida

With a high volume of unsold inventory, there was hardly any new launches. Developers focussed on under construction projects. The NGT issue has been resolved, thus paving the way to expedite the projects along the Yamuna Expressway. The hitherto stagnant Noida real estate market is likely to revive soon.

Bengaluru

If there was one city that saw a steady growth, it’s Bengaluru. Despite the rising demand, there were just a handful of new properties in Bengaluru. Stable growth was witnessed in all the micro markets with expected demand for affordable housing in small unit configurations.

Chennai

The demand is well met by supply with a good number of successful new launches. Locations around the upcoming Metro corridors are bound to see a surge. On the whole, Chennai emerged as a good investment option poised for sustained growth.

Delhi

Delhi remained a subdued market with capital values remaining almost stable. In fact there were not any major launches too thus putting brakes on the residential real estate market.

Pune

The Pune residential market has been upbeat with a substantial rise in property registrations. As the third quarter saw a marginal drop in volumes, new projects remained on hold. However, a planned retail expansion is expected to get the market back into a buoyant mode.

To summarise, the market is hampered by the wait and watch attitude of investors. Very few markets saw new launches. In the short term, the growth is almost stagnant, with just Chennai and Bangalore posting active growth.

It is expected that with the real estate market easing slowly, factors like GDP growth, reduced interest rates, a downtrend in inflation and Modi’s thrust on development and attracting foreign investment is bound to give a boost to the market and help it to attain favourable growth in the coming five years.

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Wtc Chandigarh – Located On The Prominent Location

WTC Chandigarh is the new commercial development, will be built in the Chandigarh city, it is arranged in Mohali, Chandigarh. It helps Chandigarh part in the realty development. The Real home in Chandigarh is viewed as one of the best lodging advancements by the Indian Government. The city has seen countless moving into the city and consequently adding to an interest for suitable private conveniences in the Chandigarh land. Manufacturers and property developers have been timely to change over this interest. Property in the Chandigarh orders a spot among the best hypothesis properties in the nation. The land properties in the Chandigarh have dependably been in high demand.

Respecting the recompense, Mr. PS Thind, that is an essential name in business and industry from Punjab “trusted the organization of the WTC Chandigarh should be the signpost in the area, as well as will endorse the territory getting it to the widespread guide.” Subsequently, tending to the prominent assembly, Mr. Dalip Sharma, who is the Regional Director of PHD Chambers of Commerce and Industry “committed his affiliation support in this restricted undertaking to embrace the exchange and business in Punjab and the area. He proclaimed that the PHD constantly upheld the financial enthusiasm of business in the zone”.

LDA New Sargam Apartments Housing Scheme 2015 Lucknow

A senior part of the Spire World Group of the Viridian Red, said that our organization with the WTCA goes far in starting the WTC relationship over the North India, with focuses in the National Capital Region and the Chandigarh that connection to broad focuses in Tier two urban communities, for instance, Ludhiana, Amritsar, and Jalandhar. This system will offer access to the WTC worldwide system and related administrations to every one of its partners and individuals. The WTC Mohali has been the best venture ever and it comprises of all the latest offices and top class comforts. It lies in the nearby neighborhood of every single first place of North India.

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Increasing New Project Launches in Ernakulam

Ernakulam is the commercial capital of the state Kerala and is the most urbanized city of Kochi. This financial and commercial hub of Kerala is a rapidly developing city that witnesses growth not just in economy but also in the real estate space. Though the real estate market in Kochi and Ernakulam is in a slower pace when compared to other cities of the country, it remains much active within the state of Kerala. The real estate market in Ernakulam is greatly influenced by the economic growth of the city. Its infrastructural developments, increasing job opportunities, and various government initiatives contribute to the development of real estate in Ernakulam. Having said about its economic development, Ernakulam is recently witnessing many new residential project launches to compensate the huge demand form home buyers.

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Tis most happening location of Kochi is evolving into a cosmopolitan city with tremendous growth in all aspects. The infrastructural developments, many reputed educational institutions, health centres, entertainments areas have made it the most sought-after location in Kochi to buy new apartment. The Kochi metro rail project in happening in full pace which when completed will surely increase the demand for houses for sale in Ernakulam. As the various developments in Ernakulam is increasing day by day, it lures many potential home buyers from various parts of Kochi.

The Allotment of MP Housing Board Flats and Plots

Kerala also enjoy good connectivity to various parts of the city and is connected to the North-South Corridor National Highway System through the four-lane National Highway 47. This highway passes through the entire part of the city making easy accessibility to various areas within and outside the city such as Thrissur, Palakkad and Coimbatore. The National Highway NH 47 provides two main exit points at Edapally and Vytilla to the Ernakulam city. With easy connectivity and accessibility to nearly cities, the launch of new residential projects here is increasing to a greater extent. Not just road connectivity, but Ernakulam also enjoys rail connectivity through the Ernakulam Junction Railway Station. The Cochin International Airport is also located just 27 kilometres from Ernakulam.

Get Hold in Time the APHB Registration Form of 2015

As the importance of city is increasing day by day, the prices of properties in Ernakulam is reaching new heights. So people are now moving towards buying properties in the suburban areas of Ernakulam such as Kadavanthra, Thevara and Edapally. Apart from these suburbs, there are also certain satellite towns developing in areas around Ernakulam such as Aluva, Mattanchery and Tripunithura.

Rajiv Awas Yojana Low Cost Housing Scheme 2015

The main driving factors for Kochi real estate is the metro rail project and the smart city project, which helps investors lure many home buyers towards Ernakulam. People are also showing high interest in buying house for sale in Ernakulam. As the demand for housing increases the launch of new residential projects also increases day by day. Also he large land availability in the suburban areas of Ernakulam also helps investors to buy large parcels of land and start new residential projects. Experts feel that this is the right time to invest on properties in Ernakulam to get high return of interest in near future.

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Noida – Blend of Opportunities in Residential & Commercial Set Up

Noida a city on the verge of completing 30 years since its existence in 1976 also known by Electronic City. It was set up as a part of urbanization thrust and produced enormous job opportunities in last 10 years. It has its own significance in Uttar Pradesh what Gurgaon has it for Haryana. The city was created under the UP Industrial Development Act by the initiative of Sanjay Gandhi. It is located in Gautam Buddh Nagar district of Uttar Pradesh State. Noida Authority a civic body that is liable for maintenance and infrastructural development is headed by a CEO. Gautam Buddh Nagar is a parliamentary constituency and Mahesh Sharma appointed as a Minister of State for Culture and Tourism (Independent Charge) presents this constituency in Parliament a doctor by profession and owner of a world class healthcare facility known by Kailash Hospital. It is one of the largest healthcare facilities in the heart of the city.

Over the years, It has emerged as a hot spot for IT and IT enabled services industry with many large companies setting up their business here, is becoming the preferred destination for companies offering IT, ITES, BPO, KPO and RPO services in various domains such as banking, financial services, insurance, pharma and major PSU’s. like OIL, NTPC.

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It has seen a tremendous infrastructural development in last few years. Noida New Commercial Projects have come as a ray of hope for people who waited long. Basically, the fence-sitters who keep tight-fisted and wait for the right opportunity to clinch the deal. Like buyers, builders too, are expecting a massive influx of money in next couple of months. Nothing can be propitious then this festive season as no. of vacant projects is waiting for the potential buyers. Indians loveto invest money at auspicious ocassion. Moreover, Noida is well developed as a favorite business destination in various sectors and there is hardly any space available in traditional markets. Consequently, Itledto no. projects lined up and few are under-construction to cater the needs and enhance livable conditions. New settlement would not only ease things for traders & shopkeepers but it’ll also decongest the traditional markets that is leading to no. of environmental hazards and a prime target of miscreants to commit their vicious intents and an easy target for terrorists and Bomb-planters. Substantial effects of population also lead to massive traffic snarls. And, as per the market sentiments, there is a growing trend of competition that only augurs well for customer’s pocket. Upcoming Residential Projects in Noida also eyeing upsurge in sales as people would be inclined to settle in the vicinity. There are various segments to cover up the massive demand of residential infrastructure as people love to spend money, but at the same time they also need something that they always dreamt of. So, this is the right ocassion to clinch and book them for future prospects. We can’t expect more conducive time then that as builders are showering various discounted offers and other benefits, that makes it more special. Bottom-line is that there is no end to human desires and fulfillment; it is our tendency to always do market research and chain of enquiries and being superstitious about so many things. But doing so, we at times lose no. of opportunities, which could do wonders to our destiny. Property is something that is always considered a best bet to invest money and well known as a perfect option to get higher returns.

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Buying Home Made Easy

They say home is where the heart is. And it is true indeed. Home is a reflection of one’s heart and personality. The decors and the interiors of a house is what captivates others. However, people nowadays do give importance to the housing society and the amenities and facilities that it has to offer. And it is a great concerning matter too for after working 24*7 in the office people are left too tired to go out anywhere and relax but if such an option is available in the housing society itself then it is ofcourse a cherry on the cake.

WBHB Kalyani Flat Scheme Phase-II at Kalyani for LIG

Real estate groups thereby are now attracting buyers with such offers. Real estate prices in India have no doubt skyrocketed. Noida is one such location. Buying a house in Noida nowadays is considered to be a big thing and it should be too considering the quiet lush greenery and the limitless recreational options that it offers. A few years down the lane, It was a barren place. During floods, conditions were such that residents moved to far off places like Mehrauli to take shelter. Apart from agricultural land, It was considered to be a village. But that was until the MCD sealing of shops in Delhi in 2006 which pushed shopkeepers to settle their establishments in Noida at lesser price and consequently, Noida emerged as the fastest growing city with Noida Authority registering as the richest civic body in the country. Noida is also the top spot of many IT and software companies and this is the reason why it has attracted many with job opportunities. Consequently, with rapid infrastructural development, more and more people shifted to Noida thereby leading to a massive boom and development of Noida’s real estate market. Noida-Greater Noida Expressway, Delhi Metro connectivity till Noida and Greater Noida has further facilitated this drive.

Rajasthan Housing Board Niwai Housing Scheme 2015 Phase-1 at Niwai Tonk

Antariksh Group, Aadhar Group, Lotus Group are some of the prominent real estate companies in Noida. Competition has reached to such an extent that real estate groups are leaving no stone unturned to be at the top of their game. To cite a few, Antariksh Group with their pet residential project Antariksh Golf Address has given a new dimension and definition to finer living. Situated in Noida Expressway, Antariksh Golf Address boasts of villas, duplex, apartments and penthouses with world class facilities and the best part is the price rates are economical. Now people need not think twice for buying an ultra-stylish, super-luxurious and comfortable space of living for Antariksh Golf Address provides it at affordable rates. And when tired after a long hectic day, residents can relax at its sprawling golf lawns. It also has an urban Greek payment plan. Now buying a house in Noida has never been easy thanks to Antariksh Golf Address.

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Residential Market Scenario of North Kolkata

Kolkata, the city of joy is witnessing an upward trend in its realty market as the city has plenty of suitably priced residential complexes to offer. This trend has favored the realty market of the city thereby, making it lucrative for both the developers and buyers. The affordability in the town has driven the sales of existing housing units and led to the development of new residential as well as commercial projects.

The progress in city’s realty industry is due to some of the remarkable initiatives by the state government, effects of which can be safely observed from 99acres Kolkata Insite Report April-June 2015.

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 According to the report, the business-friendly policy of the state government has positively impacted city’s residential market. Additionally, new projects by leading developers coupled with investments by IT firms has led to a two percent growth in city’s realty market.

The theme based township policy has attracted many developers to come up with more residential projects. Improvements in the office space has also boosted the residential market.

Foreign Direct investments in the residential projects will also cast a positive shade on the market and will result in construction of extraordinary residential units. Last but not the least, relaxation of the norms regarding the floor area ratio for eco-friendly residential projects has placed both developers and buyers in an opportune position.

This progress has encouraged the developers to scout for land parcels to launch their ambitious projects and fulfill the growing demand. Chitpur, a prime residential locality in the northern zone of the city has recently witnessed an enormous amount of construction activities in the residential space. The development owing to the factors mentioned above has been able to meet the needs of potential buyers who are looking to invest in the affordable housing units of the city. Therefore, unison of factors like connectivity, good infrastructure and initiatives by state government has made this locality an ideal place to invest and a preferable place to reside in.

Following are the newly launched projects in Chitpur and its nearby localities.

RESIDENTIAL PROPERTIES IN NORTH KOLKATA

Avani Cosmo City, a newly launched residential project by Avani Group Builders is located in Chitpur, Kolkata North. The project offers beautiful crafted and opulent spacing 2-3 BHK apartments which are in proximity to essential civic utilities and other parts of the city. The project is well versed with modern facilities and world class amenities including kids play area, lush green landscape, paved compound, open space, firefighting equipment, power back up, 24 hour water supply, car parking and many more. The possession of the project has been started by the group.

CGEWHO Housing Scheme Greater Noida 2015 with 2130 Flats

GPS Meena Heritage, a newly launched residential cum commercial project by GPS Group is located in Agarpara, North Kolkata. The project offers well designed and spacious living and commercial spaces which are in proximity to market area, hospitals, schools, colleges and other modern day conveniences. The project promises to offer modern facilities and ultra-modern amenities including lush green landscape, paved compound, open space, power back up, 24 hour water supply, car parking. The possession of the project has been started by the group.

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Upcoming Projects in Rajarhat

Approaching projects in Rajarhat have been constructed with all of the stuffs which are so much modern and awake to that and also the things can be made with extreme love & care. Through all of that the Future Construction Schemes in Rajarhat is in very much petition to all of the residents in India & also there are external investors likewise who are investing in n these schemes.

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As compared with several other cities in India, Rajarhat is the fastest increasing city. It is well recognized for its simple and low-cost method of living making Rajarhat as one of the least expensive metropolitan city over the world. Because of its economical market huge quantity of population is been enticed for various work opportunities and construction companies are utilizing it while making large manors and skyscraping company workplaces and mall. Upcoming projects in Rajarhat is having a massive period of financial investments which is generally concentrated after client’s worries and their need of the means they desire their property should look like. Home builders and the property brokers are likewise developing new project suggestions creating some of the finest complexes thus, bring in even more and more people to purchase day-to-day. Upcoming Projects In Rajarhat are well suited with unique features like high capability lifts, well provided indoor decor, vehicle parking ally and lavish green gardens. These buildings usually come in the availability from 2 BHK, 3 BHK, 4 BHK and 5 BHK choices with various other specialized property of assured safety with CC television and 24 hrs electricity solutions. Along with that all brand-new household projects in Rajarhat are been produced by considering the ecological community in mind which are made in an extremely ecofriendly means for creating solar power, rain water harvesting and sewage water treatment.

GMADA Purab Premium Apartments 3 at Sector-88 SAS Nagar Mohali

Several futurists think that the upcoming projects in Rajarhat is going to become one of the biggest of its very own kind by thinking about the viewpoint of delightful living. Rajarhat has been understood for its old cultural ancestry and inviting nature will certainly match your living to a brand-new level.

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Factors That Will Help Bring the Right Resell Value

Hence, it is beneficial to put in a little bit of effort that will create your residence look a lot more eye-catching to audience. Here are some expert tips that will help improve the resell value of your house by thousands if not few lakh.

Pep up the exteriors

As soon as a house is bought, property owners spend some time, money and energy in developing the decorations to their vagaries and elegant. What they skip to see is that, the outside perform a big part in developing an impact in the thoughts of a potential customer than the internal. It is the external that is first seen before they take a walk-through of the decorations. Hence, pay attention to pepping up your outside in equivalent evaluate to the decorations to get a better resell value. Also know about Delhi Jan Ghar Yojana 

Creating extra space

An extra area is fine, but what if it provides no purpose? Moreover, what if that extra area does not fit into the ergonomic office structure of the house properly? Instead, think of ways to improve the area inside. There are plenty of designer companies with internal developers and vasthu professionals who help changing the actual size of any house to create it appear huge and breezy. A huge house will bring a greater resell cost than one which features about a tiny and ill-fitting extra area.

Setting right minimal repairs

 Like falls of water that gather together to form a unpleasant mess, a variety of unwatched minimal maintenance can clean away a good part of your home’s resell value. A potential customer will be more interested in knowing the present strength and the predicted durability of the house before making a ultimate decision.

The field of dripping surfaces, dropping areas and water system problems can definitely take a hit on the home’s sale value. Hence, create sure all minimal maintenance is joined to regularly.

Keep a support for cost negotiation

Indians are callous arbitrators. We love to deal for the best deal in every deal. Especially when it is about buying a new house expect the discussion procedure to be fiercer than what you can imagine. Hence, create sure you cost your residence with some support for reduction during the discussion procedure.

You might want to take into consideration the current market rate of similar qualities and how the deals have finished before solving the cost or accepting to the cost provided by the customer.

The resell value for a residence is highly reliant on various aspects. Location, floor area, variety of rooms and furniture all perform a big part in identifying the resell cost. However, other aspects like well-maintained outside, completely performing water system and cleanliness, extra storage area, etc. can help further improve the resell value to a greater denomination.

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Flats Low Cost, However, Upkeep High in Noida Extension

Those who find themselves taking on possession of the residential property in Noida, they purchased at moderately cheap rates in the Noida Extension, face new trouble. They’ll become paying extra in maintenance than any other location in Noida or Ghaziabad. Homebuyers at the moment are trying to negotiate with builders to bring down fees to a “bad” stage. While monthly upkeep charges of apartments in areas like Indirapuram is roughly Rs 1.50-Rs 2 per sqfeet, bills in Noida Extension are double, approximately Rs 3-Rs four per sq feet.

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This implies in a 1,000 sq ft condo in Ghaziabad; you emerge as paying Rs 1,500 monthly as maintenance, while, for a fleet of the same measurement, you may come to be paid Rs three, 000-Rs 4,000 in Noida Extension. “Maintenance expenses for property Noida Extension are twice of that of some blocks in NCR. Why is there such a marked difference? Humans may just become paying Rs 40,000-Rs 50,000 a year as preservation,” Indrish Gupta, co-founder of Noida Extension Flat Owners Welfare Organization (NEFOWA) stated. “We are now looking to negotiate with builders to bring down the charges of Noida property for sale. The rates of properties in Noida were low at the time while the rates are high in Noida Extension are still high.

Smart Opportunity at Smart Cities, Awaits Smart Investors.

In the long run, renovation charges of properties in Noida are only going to move up, and most customers may just find it problematic to maintain the apartments,” Gupta stated. “In keeping with the UP rental Act, as soon as a society gets 33% occupancy, builders are supposed handy over the preservation to homeowners. That approach, owners can decide upon their renovation expenses.

However, this is yet to occur in any new society the place patrons have begun to take over possession. Builders are additionally demanding two years of upkeep costs without delay upfront. Also, they’re charging 14% in the provider tax. Shoppers are agitated, and manufacturers must address this,” mentioned Kapil Kumar, co-founding father of the NCR Homebuyers organization. Most useful when customers from RWAs and take over accountability, can patrons discover the genuine rate of protection,” stated Amit Modi, director, ABA Corp and vice-president, CREDAI western UP

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Buying a Property in Pune?

Are you working in one of the IT companies in Pune?

Have you been travelling for long hours to go to your workplace and back to your home?

What if there was a walk to work option available for you?

Surely you would love that! So, at this point of time, you must be thinking why I asked you these multiple questions. It is because if you have been spending 3 hours daily and 18 hours every week and approximately 70-75 hours in a month, only in travelling to and fro to the workplace, then what you are going to read next is surely of your interest!

Imagine a home located at a walkable distance from your workplace. Doesn’t that sound incredibly awesome? You will be able to save on to those many hours that you spend in travelling every day! If you have been planning to buy a property in Pune and have been working in the IT Park in Hinjewadi, what better would be than a home in that same location?

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Yes! Multiple residential projects by reputed builders of the city are being constructed in the vicinity of the Hinjewadi region to provide better living options for property seeking individuals. Many of these builders are providing 2 bhk flats in Hinjewadi Pune which are well planned and constructed in a way that there is optimum utilization of space and room for every belonging of yours.

However, these projects are being constructed keeping in mind the standard of living that people desire to have and hence it is where luxury seeks a new dimension! From the amenities and specifications of international standards to the quality of material used in construction and iconic architecture design, these luxury flats Pune have it all!

One of the residential projects in Hinjewadi is The Crown Greens being constructed by The Chatterjee Group Real Estate which provides its buyers some of the finest luxuries of home without compromising on the quality of life that one would spend here. The location of the project is such that your home is just at a distance of a few meters from your workplace.

However, there other projects like Megapolis and Eon homes by other builders and developers which add to your options for luxury flats Pune. You can also search for more options for luxurious flats in Pune across different other locations. however, I feel, investing in homes in Hinjewadi is profitable.

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