Author Archives: Priyanka

Buying property Infrastructural development Real Estate Real Estate News

Area in Focus: Kompally

Dec 22,2017 / By / No Comment

Planning to purchase a 2 bedrooms apartment in Hyderabad within a budget range of Rs 30 lakhs to Rs 40 lakhs at a location having smooth connectivity with the IT Hubs close by then Kompally should be the option for you.

Properties at Kompally are gaining momentum due to their affordable property prices and developing infrastructure. The price points offered by projects in this locality make a viable proposition for property investors, too.

Kompally is approximately 28 kilometers away from commercial business districts of Hitech City and Gachibowli, but, the distance can be covered within 45-60 minutes all because of the Outer Ring Road (ORR). Kompally residents can quickly move around within the city without facing traffic issues.

Kompally is an ideal choice for denizens working in Secunderabad. It is located just 14 km from Secunderabad, and perhaps this is the reason why Kompally has a large number of property buyers from Secunderabad.

Moreover, the affordable property price is driving residential properties in Kompally and people from Hyderabad are not hesitating to opt for this location either.

The locality offers another great opportunity for those who have a dream of building their dream house accordingly on an independent plot. There are gated-community projects which are selling plots in the range of Rs 1,500-2,200 per sqft.

Currently, these gate communities are under construction, and you may face problems related to roads Maybe this is the reason why property prices are less here. Once these societies get connected via well-build roads, the property prices will shoot up.

While the physical infrastructure within the area is developing very fast, there is no second thought about the quality of its connectivity to the other parts of the city. Residential properties in Kompally are easily accessible through the National Highway-7 (NH7) which falls near the locality. The Andhra Pradesh State Road Transport Corporation (APSRTC) operates buses in this locality also so commuting is not a problem for the people residing here.

The social infrastructure in this area is also developing gradually with educational institutions, health care centers, supermarkets etc which is attracting more and more people to move in Kompally

There are plans to build 14 gateways in Hyderabad, of which one will be coming up on Medchal-Kompally Road. This project will make Hyderabad safer and secure by keeping a track of the incoming and outgoing traffic. This infrastructural development might not directly influence the real estate market of the area but it will positively add to the locality’s overall appeal.

Some of the ongoing projects in Kompally within a budget range of Rs 30 lakhs to Rs 40 lakhs are below:

Hivision Residency, MYPI Green Castle, ARR Fortune, SLN Urbana, PSR Kalanjali and RK Panchsheel Park

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Buying property Infrastructural development Real Estate News

Elevated Expressway to improve Chennai suburban real estate

Dec 21,2017 / By / No Comment

Areas in and around south Chennai lack infrastructural facilities and faster connectivity from the main city. Now, the municipal authorities are looking after the issue and will soon come up with an elevated expressway that would connect the Chennai international airport and Tambaram with the southern town of Chengalpattu.

Chengalpattu Airport Elevated Road

Chennai Metropolitan Development Authority (CMDA) planned this 40-km elevated corridor which will link the city airport with Chengalpet over the Grand Southern Trunk Road. The elevated road will be built at an estimated cost of Rs 2,400 crore, the corridor would have a toll plaza each at the entry and the exit points.

While the stretch of the GST Road between Meenambakkam and the outskirts of Tambaram is maintained by the state highways department, the remaining part comes under the National Highway Authority Of India (NHAI).

The highway would act as a gateway to the south of Tamil Nadu. A similar corridor is being planned by NHAI to connect Tambaram with the area, the airport elevated road is projected to be opened to the public by 2019 as the bids have already been allotted for the development.

Chengalpattu-Tambaram Elevated Road

The National Highway Authority Of India (NHAI) is planning to construct a 30-km, four-lane elevated road between Tambaram and Chengalpattu to ease the National Highway-45. The construction work would initiate in 2020, after the tender period for developing four-lane road between the airport and Chengalpattu will be over.

Presently, the corridor is planned till Chengalpattu which will be stretched to Tindivanam. Once the elevated corridor is functioning, motorists could move effortlessly from Tambaram to Chengalpattu without the interruption of traffic in Perungulathur and Guduvancherry.

The present connectivity through NH-45 opens at 20 locations which cause everyday traffic congestion. Also, there are nine sub-urban railway stations along the road resulting in pedestrians crossing the highway. The average journey speed of this corridor is 24 kmph, which is far below the standard of a national highway.

How is this elevated expressway going to impact the property market?

The elevated expressways will smoothen connectivity to the affordable hubs in southern suburbs of Chennai. Tambaram which is located on the GST Road serves as a midway to the IT and special economic zone (SEZ) corridors.

With a developed job market and effective road connectivity, Tambaram is seen as one of the preferred locations to purchase a home in Chennai. Situated along the Trichy-Chennai Highway, Tambaram is sub-divided into East Tambaram and West Tambaram. The locality attracts a lot or real estate investors or home buyers because of the close proximity to commercial industries.

Most of the projects in West Tambaram are ready to move and offers investment opportunities where the properties are offered at Rs 3,000 per sqft. Projects in East Tambaram offers properties at Rs 4,000 per sqft onwards. The new connectivity would comfort the travel to the further south and would make it a better option for those homebuyers who seek to visit their home in the suburban area.

Chengalpattu will also be benefitted because of the new development. With non-stop connectivity to the airport and rent for commercial properties might see an upward trend. Many big shot companies like BMW, Ford, Tech Mahindra, Wipro have established their production plants in the vicinity.

Once the new infrastructure is active, the affordability of the area might lure people staying in more luxurious and less developed areas such as Guduvancherry and Perungulathur. The average price of an apartment in Chengalpattu is Rs 3,700 per sqft. Other nearby localities such JCK Nagar, Abakkam, Paranur, Singaperumal Koil and Nenmeli offers properties in the same price range.

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Decor Life at home Smart Residential Living

Ideas to make your house look gorgeous this Christmas

Dec 20,2017 / By / No Comment

If you are someone, who loves to personalize their home every season, then no matter what time of year you are in, you always keep on looking for ideas with which you can decorate your home. We struggle a lot during Christmas because it is when the whole family meets and if your house is the meeting point even more important should be the decoration.

To make your home look more attractive this Christmas, snowy pines are suggested because they seek to create more simple beautifications, with these you can create delicate arrangements to counterpart them with the style of your home.

Decorative candles all over the place will make your Christmas decorations look gorgeous and precious, also adding fireplaces is a good way to give it persona and a cozy style to your home.

The decoration of a single color looks beautiful, you can choose colors like red, green, gold, blue, white, silver, pink etc. But let every detail of your house have touches of this color. Thus the whole house will look super pleasant.

  • Details that create divergence look unbelievable, try the color you most think it will look good or in your favorite colors.
  • The details with vividness should not be missing in your Christmas decoration, silver and gold are in vogue.
  • If you want something stylish and fun, pink color combined with other trending colors like pink gold is suggested.
  • The turquoise color will be one of the protagonists of the season, looks super cute and also elegant.
  • You can add a dash of purple and combine it with the silver color so that it does not recharge, it looks sophisticated and more with the green as a base. There are many ways you can add a hint of purple to your decoration, also with centerpieces, in the crowns of the entrance of your house and more.

Also merging ornaments of different sizes will give more dimension to your Christmas tree you can combine big things with small spheres, also incorporate different shapes in your little pin at the same time.

Add details to embellish each space of your house, you will see metal containers giving a rustic style to your space. Wood details also give a rustic touch to your home.

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Infrastructural development Real Estate Real Estate News

Will Versova-Bandra Sea Link impact the Mumbai Real Estate Market?

Dec 19,2017 / By / No Comment

Maharashtra government has given administration approval to the much-awaited Versova-Bandra Sea Link. The proposed sea link would be 9.2 km long and would serve as an extension to the existing Bandra-Worli Sea Link. Once the sea link is operational, the commuters traveling to south Mumbai from Western Suburbs can use the sea link to travel which would have connectors at Bandra, Otters Club, the Juhu Link Road and the Versova Link Road and can skip the Western Express Highway

Sea Link to reduce the traffic congestion

Currently, commuters have to take the Western Express Highway to reach south Mumbai from the western suburbs and have to pass through choked areas such as Andheri, Borivali, Juhu, Mahim, etc. Usually, the commuting time is around 60-90 minutes during peak office hours. It is expected that the traveling tome will reduce to 12 minutes with the new road coming in. The connectivity is projected to develop further by a sequence of roads and tunnels.

The construction work would begin in the first half of 2018 as the bids for the tenders have been invited from the qualified bidders. A special purpose vehicle will be formed to raise loans from banks and non-banking institutions.

VBSL will be built at a cost of Rs 7,502 crore. It would be a toll-route which will be valid until 2052. The Maharashtra State Road Development Corporation (MSRDC) will employ two separate independents for toll collection and repairs and maintenance of VBSL, as per the government resolution.

Timeline

The sea link was approved eight years back in 2009 by the Cabinet Committee on Infrastructure. The original cost of the project was Rs 5,975 crore which has now been accelerated to Rs 7,502 crore. The state government took four years to get the clearance from the Coastal Regulation Zone (CRZ) and Environment Ministry, which was finally declared in January 2013. After that, CM Devendra Fadnavis on April 29, 2016, directed the MSRDC to construct the VBSL on an engineering, procurement and construction basis.

How VBSL will impact Mumbai’s property market

VBSL can be a game changer for Mumbai real estate market as it would improve connectivity between the suburbs and the main commercial business district. With traveling time coming down with an estimated toll tax of Rs 60, mid-segment buyers would make way to housing hubs near Versova such as Kandivali, Borivali and Mira Road.

Here the property prices have already crossed Rs 9,000 per sq ft, the growing connectivity would further increase the property prices. With the sea link coming in, the crowded areas of Andheri, Chembur, Ville Parle are projected to be relieved from congestion and the excessive pressure on the express highways would be released.

A marginal property price surge was noticed in localities like Goregaon, Andheri, Kandivali, Borivali as the VBSL project entered the final stage and got environment clearance. The rise would be visible once the construction begins.

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Decor Life at home Smart Residential Living Tips

Black is bold and beautiful

Dec 15,2017 / By / No Comment

Good news for those who want to use black color to their home décor but are tend to attach the belief of evil or darkness to the color black. According to feng shui, you need not have to avoid black color when you are beautifying your home to welcome good energy. Black is the color of sophistication. If you haven’t by now given black a thought, follow these easy tips to infuse the color into your home elegantly.

Less is more: Start with something small. Black is a color that is best incorporated in segments/parts. You can try incorporating a hint of black with cushion covers, carpets, rugs, ceramic vases, black candles and candle stand. You can also use black curtains to add the illusion of height If the ceiling is low, black curtains add the illusion of height; if the ceiling is high, the pop contrast arrests attention – a win-win situation.

Bedding it right: A glossy black bed frame adds stylishness to your bedroom but ensures to balance it with lighter hues for your bedding, throw pillows and rugs. A black bed head is going to straightway draw the eye; use this to your advantage.

Stripped/Layering: Classic black and white stripe are best used in the dining space. A lot of people find it uncomfortable to commit to a space that is entirely outfitted in black. They should go for layering with a good dose of black and white stripes.

Dress up your doors: Go for polished black colored wooden paneling on the main door or bedroom doors to add drama. Even door handles could be black to give it a different look. Make sure you do not overdo black in your decor – it can make the home look creepy. Think synchronization by having one black piece per room. This will make the whole look come together.

Black lights: Try black colored shades in the living room or bedroom. This gives your space a fashionable look. Black shades are perfect for rooms that are based on neutral accents.

Black bath: Use a black and white pattern wallpaper or introduce black patterns to your bathroom walls. It looks striking against white fixtures and cabinets.

Black walls: Having a wall emphasized with wallpaper, especially that has the shades of black, make a statement. Metallic look with black undertones should be the way to go. Works best in small spaces that lie in between utilitarian rooms like an entryway.

Rules for Black

1. It is best to use it as a contrast combination and 2. You can use it in shades of grey.

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