Top Micro Markets in Bengaluru

Jun 20,2018 / By Priyanka / No Comment

Post the implementation of RERA, GST, the Bangalore Real Estate market has now recovered from the steadiness or Dip in the sector & is now heading strongly to cater the supply & demand effectively. The residential Real Estate market is number two after the MMR (Mumbai Metropolitan Region) with regard to absorption for Q1 2018 and overall supply. Bangalore’s housing market has witnessed good growth arising from positive customer sentiments, heightened commercial activities, and upgrades to infrastructure along with higher job opportunities. Bangalore is a market-driven majorly by end-users according to experts. There is increasing demand from the flourishing IT and ITeS sector and also via the start-up scene in the city which is thriving. Top-class healthcare and educational facilities available in the city along with continual upgrades in terms of physical infrastructure are also one of the major contributors to the rise in Bangalore real estate.

Below are the Top Micro Markets in Bangalore

5. Hebbal: Located in a strategic position and in close proximity to the Bengaluru International Airport, Hebbal forms an intersection point for all the roads that lead to the airport. The marvelous infrastructure is not all that’s in Hebbal; the beautiful Hebbal Lake preserves the locality’s nature quotient. People in and around Bengaluru frequently visit the lake, where one can go boating and rejuvenate themselves for the coming week. Several residential projects are also under development in and around the locality. IT professionals, old and young, typically book these apartments so they can move closer to the technology center.

Factors attracting property seekers & investors & making it as one of the preferred locality for investment are as follows

The Hebbal flyover connects the Outer Ring Road and the Bellary Road, which is a part of the national highway NH-7 leading to Hyderabad. The presence of the Outer Ring Road makes Hebbal accessible to other major localities in Bengaluru too.
The primary BMTC bus stand is below the Hebbal flyover. There are Volvo and regular BMTC buses carrying passengers to other localities in the city. Apart from that, people largely resort to auto-rickshaws to travel short distances. One can hire cabs too if the travel distance is large.
The Bengaluru International Airport is only about 30 km from Hebbal. The BIAL (Bangalore International Airport Limited) buses carry passengers from all across the city to the airport, and Hebbal is an important junction on the way.

4. Electronic City: Electronic city a pioneer in Information Technology Infrastructure Development, situated in Anekal Taluk. Electronic City lies in the southernmost outskirts of Bengaluru. Phase I lies right next to the Hosur Road, sandwiched between Phase II on its east and Phase III on its west. It consists mostly of retail hubs of electronic goods and services, with large land parcels dedicated to IT-SEZs. The development has been so extensive that the IT industry in Electronic City Phase I is completely saturated. Being Country’s largest IT/Industrial Park, Electronic City is one of the most preferred Residential Markets among Home Buyers & Investors.

While the Area offers best Infrastructure set up, below USP’s are major contributors in high demand leading to a spike in Realty prices.

Approximately 200 IT/ITES Companies including Infosys, Wipro, TCS, HCL, Tech Mahindra, Biocon etc. located within the Locality.
Operational Heli Taxi Service between Kempegowda International Airport and Electronic City.
Planned Namma Metro Phase-2 (R V Road – Bommasandra) to be completed by 2022.
The four-lane mixed corridor elevated highway from Silk Board Junction to Electronic City
The NICE Road connects Electronic City to other key areas in the west of Bangaluru like Bannerghatta Road, Mysore Road, Kanakapura Road and Tumkur Road. This is a 63-km 6-lane access controlled tollway.

3. Marathahalli: Located in southeastern part of Bangalore, Marathahalli lies adjacent to the old airport on HAL. It has Doddenakundi to its north, Kundalahalli, and Brookefield to its east and Kadubeesanahalli on the south. From a far-off suburb in the east of Bangalore to one of the well-established Retail Zone & Realty Hub, Marathahalli has witnessed a huge change over time. As an outcome of IT Boom & proximity to Commercial Hubs such as Whitefield, Electronic City, HAL Airport, Retail Development & Affordable pricing have been the key contributors to its growth. Residential project-wise, the real estate market in Marathahalli is booming. Because of its proximity to the IT hubs like ITPL, Sarjapur-ORR, and Whitefield, many IT professionals working in these places choose the locality of Marathahalli to rent or buy apartments. Average capital prices in Marathahalli ranges between Rs. 4473 to 5129.5 per Sq ft., making it a hot option to invest for the end users & investors.

With its emergence as a self-sufficient township, a large number of flats and IT companies have also come up in the area.
Some important shopping centers are Kalmandir, Nalli, Max Fashion, Puma, The first multiplex in Bengaluru, Innovative Multiplex is located here
Easy accessibility to Whitefield, Silk Board, Bellandur, Electronic City & HAL.

2. Hosur Road: Hosur Road is a lengthy and efficacious four to eight-lane highway running through the National Highway 7. Beginning at the Vellara Junction on Richmond Road, it winds through Koramangala and Silk Board and runs all the way up to the border town of Attibele in the Krishnagiri district of Tamil Nadu. The ‘villages’ of Bommanahalli, Hebbagodi, Singasandra, Chandapura, and Attibele which once held the status of out-skirt suburbs, now fall within the developing belt of Hosur Road, bringing in growth, movement, and progress to these areas. The growth of Electronic City as a large IT hub within the city led to the development of Hosur Road as well, creating a brand new and highly equipped residential and commercial market. Although this area initially targeted professionals working in the IT/ITeS industry, its affordable property rates, continued development of infrastructure, and great connectivity has attracted hordes of people from a multitude of professions

Connectivity and Transit Points

Hosur Road lies close to Baiyappanahalli, the terminal point on the east-west corridor of the Namma Metro, allowing for arrival at prime destinations like Indira Nagar and M.G. Road within minutes.
Bangalore City Junction, the main railway station in Bangalore, lies 9 km away and is accessible via auto rickshaw or taxi services.
The Kempegowda International Airport is approximately 40 km away from Hosur Road (Vellara Junction), and is easily accessible via KIA buses, with the frequency of half an hour.

1. Sarjapur Road: Sarjapur Road is situated strategically in southeastern Bangalore and links to Madivala from Sarjapur. This locality has witnessed considerable development and has found favor with IT professionals working in major zones like Electronic City, Whitefield, and Marathahalli. The area is home to the Market Square Mall along with several hypermarkets and supermarkets like the More Supermarket, Spencer’s Hypermarket and Families Hypermarket. There are several stores here including Looking Good Furniture, MegaMart, and Adidas. Several reputed educational institutions including the Delhi Public School, Indus International School, Swiss Graduate School of Management, Bangalore Technological Institute and the ISME-International School of Management Excellence are located in Sarjapur Road Locality.

Connectivity and Transit Points

The Sarjapur Road offers great connectivity to places like Whitefield, Koramangala, Electronic City, Marathahalli, Outer Ring Road and Silk Board. The Hosur/Haralur/Chandapura Roads offer great connectivity to the Electronic City IT hub.
The Kempegowda International Airport is located 52 kilometers away and can be accessed via the Outer Ring Road and also the Hyderabad-Bangalore Highway.
The nearest railway station is located only a kilometer away and is the Carmelaram railway station.

*Ave. SBA Price represents Average Super Built-up Area Price i.e. Rs. Per Sq. Ft.

Some of the Newly Launched Projects in Bangalore are ATZ Areva, V Venture Abode, Aswani Vamani, Sowparnika Pranathi, Arvind Oasis, Purvi Khosala, Ambiant The Infiniti

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Metro Extension to Boost Ghaziabad Real Estate Market

May 29,2018 / By Priyanka / No Comment

The Metro construction work is in full progress to connect the extended pockets of Ghaziabad via Metro, from Dilshad Garden in Delhi to the New Bus Stand in Ghaziabad’s Madhopura. The trial runs on the 9.41-kilometre stretch had been deferred from March to June while the line is expected to be operational by September this year.

After too many delays, the things would soon be on a fast track as the Ghaziabad Development Authority (GDA) and the Delhi Metro Rail Corporation (DMRC) have finalized the funding model.

According to sources, the slowdown in the real estate sector, among others, are the reasons for a delay in payments. According to the note prepared by the GDA, the agencies and departments such as the UP State Industrial Development Corporation (UPSIDC), UP housing board, the GDA and the Ghaziabad Municipal Corporation (GMC) will be able to fund 10 percent of the total project cost of Rs 4,048 crore.

The latest deadline (September 2018) is subject to the final approval from the Centre and release of funds by the Ghaziabad Development Authority (GDA).

Metro Project: In 2014, an agreement was signed between the DMRC and the GDA for the development of this Metro line. The elevated corridor under Phase-III will have eight stations – Shahid Nagar, Raj Bagh, Rajendra Nagar, Shyam Park, Mohan Nagar, Arthala, Hindon and New Bus Adda. Close to 90 percent of the work has been done, which covers structural works on 12 out of 14 Metro station buildings.

Cost of the Metro Project: The project is being developed at a cost of nearly Rs 2,210 crore with about Rs 1,479.6 crore shared between various agencies based on the funding pattern sanctioned by the UP cabinet.

The share allocation for the various agencies are Rs 695.8 crore for the GDA, Rs 246.35 crore for the GMC, Rs 440.45 crore for the UP Awas Vikas Parishad and Rs 97 crore for the UPSIDC.

Reason for the Delays: While the GDA has been prompt in submitting its share, which includes Rs 80 crore on land, the other agencies have slowed down and have been asked to pay in installments.

This delay in financing has been one of the main reason, besides issues in the land acquisition that extended the project deadline by a year.

Impact on Real Estate: The new Metro line will pass through the Sahibabad Industrial Area and will considerably impact the residential market in the areas lying in the vicinity where the infrastructure is poor.

Once the Metro line is operational to the public, the projection of the areas lying along the Metro corridor would develop which is at present limited to the lower-middle-income segment. Connectivity to Mohan Nagar from Dilshad Garden would improve. Presently, the route remains chock-a-block all the time.

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How to use Different Flooring in Different Rooms?

May 25,2018 / By Priyanka / No Comment

Your home’s flooring is one of the more luxurious investments you will make when beautifying the interior. Your selections are many, and picking different fabrications for each room need not result in a haphazard look. The connection between the flooring types is color.

Select your interior’s color palette before shopping for flooring. You should go for three different types of flooring from any one point in your home.

Color Scheme
Good interior design includes a color scheme for the entire house. Modifications in color choices depend on the location of the rooms and the number of levels in the house.

Starting with the hallway/entrance hall, select either stone, mosaic, tile, wood or a slate to mark the welcoming entry to your home. If you have a smaller apartment, laying one color and type of flooring throughout the main living areas vividly enlarges the living space.

Living Areas
The living room flooring can be sculpted laminated, wood, bamboo, tile, stone or carpet. The main aim is to mix and match the color of the floor with the hallway, as one flows into the other. An exact match isn’t necessary as long as the hues blend.

To avoid monotony in large spaces, consider an insert piece of carpet surrounded by hardwood. A dining room works best with stone or tile flooring.

Family Areas
Your family room’s flooring, specifically if it runs into the kitchen, should continue the color theme and benefits from a similarity to the kitchen flooring. If you choose carpet, go for a sculpted finish in a darker shade to prevent stain marks.

Tile, wood, and stone work best in high-traffic rooms. The kitchen should be tile, cork or stone, and it must keep within the color scheme of rooms that lead into it. Avoid laminate and wood in case water overflows and causes warping.

Bedrooms
The bedroom is where you show your creativity in the flooring. Children’s rooms should have hard-surfaced flooring. A distressed laminate is less costly than wood and stands up to too much wear and tear.

If the main bedroom is away from the living area, the colors can feed off the room’s decor, as long as they don’t clang with the entryway flooring.

Choose a neutral color for the entryway, preferably in laminate, tile, and wood, and your choices of bedroom flooring widen
If you are going for a hard surface flooring in your bedroom, area rugs on either side of the bed provide a warm footpath.

Blend the colors with the flooring you have selected for the bathroom. Placing a faux-Oriental carpet, with rubber backing, in the middle of the bathroom adds stylishness and hue.

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Reasons why one should invest in Charholi Budruk

May 23,2018 / By Priyanka / No Comment

Pune’s real estate market may not be as demanding as Mumbai’s and Delhi’s but it does have a few good localities for the investors. Charholi, on the city’s northern fringes, is one of them. The face of this micro market is gradually changing with the time, which makes it a compelling case for investors, mainly those who are looking or planning to invest in Pune real estate.

Top reasons which make Charholi a winner:

Connectivity: Charholi is located roughly 22 km from Pune via the Alandi road. It is around 17 km from the Pune railway station and just 6 km from the Pune international airport. But what makes it extraordinary is its vicinity to the city’s IT hub, Kalyani Nagar, which is just 9 km away, it sees constant demand from professionals with a limited budget. Moreover, there is also a robust demand for a rented accommodation. There are also a lot of reputed educational institutions nearby, most prominent among them being the DY Patil Knowledge Centre.

What’s in it for you? There are a fair number of reasons for investment in Charholi. With prices reaching a saturation point in areas such as Kalyani Nagar, Viman Nagar, and Vishrantwadi, home buyers with modest options are now looking at the surrounding areas.

In the last few years, Dhanori has already seen a noteworthy amount of development. Charholi will be one of the first regions to get the benefits of the Ring Road as well as other proposed development projects.

The other reason that makes Charholi an attractive destination is the location advantage. This micro-market is very close to the Pune airport in Lohegaon and has swift connectivity to the IT and residential hubs of Karadi, Hinjewadi, Alandi, Moshi, Viman Nagar and Wagholi.

Future development: One of the major infrastructure projects which will give a positive impact on real estate market of Charoli is the proposed 170km Ring Road around Pune and Pimpri – Chinchwad. These developments will improve the inter-connectivity of Charoli to Pune and the Pimpri – Chinchwad Municipal Corporation (PCMC) and beyond. This will definitely impact the property values of the locality.

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Is it worth investing around Pune’s new Airport?

May 16,2018 / By Priyanka / No Comment

Universally airports make substantial infrastructural developments around themselves which lead to economic growth and increase in real estate demand.

The existing Pune airport has seen significant changes in last 12 months and the air traffic is on an upward trend due to IT, automobile and manufacturing industries.

Pune being the educational hub, many foreign and local students come to Pune for education. Therefore, a new airport is already a hot topic for the real estate industry and Purandar captivated everyone’s attention already.

Work on the proposed Pune International Airport will start, as the Centre gave a green signal for the project on April 30. The final decision came after a meeting between the officials of the Maharashtra Airport Development Company Limited (MADC) officials and a directing committee appointed by the Central government. On May 8, the Ministry of Civil Aviation also gave the project a site clearance.

Purandar airport to be named as Chhatrapati Sambhaji Raje International Airport and the project will be developed at an approximate cost of Rs 14,000 crore.

The new airport will be spread over 2,400 hectares of land out of which 1,300 hectares belong to the government. This project will cover seven taluka villages in Purandare tehsil – Pargaon Memane, Rajewadi, Waghapur, Ambodi, Pisarve, Rajodi, Jejuri.
It is situated 45 kilometers from the city center, the upcoming airport will run both international and domestic operations. The airport will be developed on a public-private partnership (PPP) model.

The airport will have two parallel airstrips or runway covering a length of four kilometers. It will be connected via six different routes, including National Highway – 4 and National Highway – 17. There are talks going on to provide a Metro link from Bhosari to Purandar airport.

Investment opportunities:
With the new airport coming up, the demand for residential and commercial properties is going to be higher in Purandar and adjoining localities near the airport like Bibvewadi, Saswad, Dhanori and Bhosle Nagar will see an upward trend in housing demand.

Proposed metro connectivity will be an added advantage to the infrastructural development which is likely to increase new employment opportunities and real estate development in Pune.

According to real estate expert, long-term investment in these areas seems to give a potentially high return for investors who are planning invest here.

Ample land parcel in the area surrounding the airport has already lured many developers and investors. Social infrastructure is set to improve and thus in the initial stage, the neighborhood is a perfect place to park your money for higher returns in the coming days. The locality will qualify as a location where buyers can secure a good rental income or a perfect second home destination.

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Author Archives: Priyanka

Top Micro Markets in Bengaluru

Metro Extension to Boost Ghaziabad Real Estate Market

How to use Different Flooring in Different Rooms?

Reasons why one should invest in Charholi Budruk

Is it worth investing around Pune’s new Airport?