Student Housing startup in Pune- “Youthville Hostel”

Mar 22,2018 / By Priyanka / No Comment

Youthville is transforming the Pune hostel category with its state of the art property at Bavdhan by giving, a living experience that is unforgettable These well crafted living spaces for students, offers facilities to enrich student’s stay in Pune. High speed 24 hours Wi-Fi, Laundromat, Fitness centre, Cafeteria, Music room, Library, Mini theatre, Common kitchenette, Smart access card, Shuttle service, Doctor on call, ,Housekeeping and daily room care, Bike on hire are few of the facilities that has set this property apart from other hostels in the city.

The hostel is strategically located at Bavdhan, which has close proximity to various education institutes and important destinations. After the launch of girls hostel in Bavdhan, Youthville has plans to expand to Mukund Nagar, Thathawade and Nagpur. Refining the hostel experience, where students lives unforgettably, the company has vision to deliver 25,000 beds by 2023-2024.

Rooms range from double and triple occupancy. The 4 storied property has 126 beds .En-suite shared rooms with upscale trendy interiors has private balconies. At Youthville there is no dearth of facilities. A student is looked after very well and the time spent over here is unforgettable. Equipped with state –of- the- art amenities living Youthville offers convenience, security and comfort for the students that is trusted by students, parents, and institutions across Pune. Food at Youthville is wholesome and nutritious. The menu is different everyday with variety of dishes to cater to everyone’s taste.

Mr. Vineet Goyal, Founder Youthville Hostel says “At present student housing is functioning in an unorganized way. Unfortunately students face issues related to hygiene, food and other necessities. They are deprived of facilities which are making their lives difficult. At Youthville we have addressed to these inadequacies and created a space, where students live unforgettably. The demand is huge and put together all the colleges in Pune are able to meet only 10 %– 15 % of demand. In short student housing is undersupplied and has high potential to grow in demand. With organized players coming in, it will help to cater to this growing demand. With high potential and sustained occupancy rates, this segment has immense of scope to be developed as an asset class for the realty developers.”

Land acquisition for Namma Metro Phase II is turning out to be a costly affair

Mar 16,2018 / By Priyanka / No Comment

The corporation has recognized 10,20,200 square mt (102.02 hectares) of land for implementation of the phase and as per the detailed project report (DPR), Rs 5,000 crore has been set aside for the procurement of government and private lands.
Out of this, about 6,45,964.93 sq mt of land has been acquired (1,87,892.63 square mt of government land and 4,58,072.30 square mt of private land), 3,74,235.07 square mt of land is yet to be acquired.

Of the Rs 5,000 crore, the BMRCL has already paid around Rs 2,704.82 crore for acquiring 60 percent of the land since the beginning of the work and they are yet to acquire rest 40 percent of land for the second phase of Namma Metro, Bengaluru. The land acquisition cost for Namma Metro Phase II is turning out to be a costly affair for BMRCL.

Going by the statistics about the land acquired obtained through Right to Information Act, the corporation has reserved about 18 percent of the funds of the total estimated cost of Rs 26,405.14 crore for phase-II. Of the 18 percent, 10 percent has already been spent on land acquisition.

Meanwhile, the BMRCL had spent about 2,305.90 crores on the acquisition of 12, 76,338.27 square mt of land for implementation of Metro phase-I for 42 km. It had obtained 71 government properties and 999 private properties for implementation of Phase-I. The projected total cost of the Namma Metro Phase-I was Rs 11,609 crore, but it was changed to Rs 13,845 crore later. As per the details, about 16 percent of the total cost of the project was spent on land acquisition for phase-I.

Special Land Acquisition officer, BMRCL, Mr. Channappa Goudar said the corporation has acquired about 54 percent of the land required for implementation of Namma Metro Phase-II and land for depots is yet to be acquired.

The new phase of metro is expected to be completed by March 2021 as per deadline set by BMRCL. Ahead of this, the real estate community looking forward and say investment in property along the corridor will give good investment returns. The demand for both residential properties and commercial properties in the region are expected to upsurge. Once Namma Metro Phase II is completed, the neighborhood along the corridors is expected to see a great impact on real estate sector in the city.

Delhi Metro’s Pink Line all set to start operation on March 14

Mar 13,2018 / By Priyanka / No Comment

Good news for Delhiites, the Pink metro Line is all set to begin operation on March 14. According to sources, the Commissioner for Metro Rail Safety has finished the inspection of the Majlis Park-Durgabhai Deshmukh South Campus section, inspect the section, including fire safety clearance, license for working lifts, preliminary independent safety assessment reports for signaling and platform screen doors (PSDs), has given the clearance for the project.

The trial runs and testing on this stretch was successfully completed in earlier February. These trial runs were being conducted to test the new signaling technology.

Azadpur Station (with Yellow Line) is one of the three interchange stations on the Pink Line stretch that opens tomorrow, the other two being, Rajouri Garden (Blue Line) and Netaji Subhash Place (with Red Line).

The 21.56 km-long Majlis Park–Durgabai Deshmukh South Campus Metro corridor will be formally flagged off by Union Minister for Housing and Urban Affairs (independent charge) Hardeep Singh Puri and Chief Minister of Delhi Arvind Kejriwal on 14 March at 4 pm from the Metro Bhawan.

According to sources, Passenger services on the Pink Line will begin from 6 pm onwards on the same day from both Majlis Park and Durgabai Deshmukh South Campus stations instantaneously. The end-to-end commuting time on this section of the Pink Line would be approximately 34 minutes.

This section, which has 12 stations, is part of the 59 km-long Majlis Park-Shiv Vihar corridor (Pink Line–Line 7) of Delhi Metro’s Phase 3. All the stations have platform-screen doors.

The stations are—Majlis Park, Azadpur, Shalimar Bagh, Netaji Subhash Place, Shakurpur, Punjabi Bagh West, ESI Hospital, Rajouri Garden, Mayapuri, Naraina Vihar, Delhi Cantt and Durgabai Deshmukh South Campus.

Out of the 12 stations, eight are elevated and four are underground. As with the recently-opened Magenta Line, broad-sized coaches from the new rolling stock will be used on the standard gauge Pink line.

The new Netaji Subhash Place station, which is semi-underground, has been sophisticatedly decorated with paintings on walls. All the stations have been certified as ‘Platinum’ by the India Green Building Council, the DMRC said.

Most preferred Cities for NRI Investment

Mar 8,2018 / By Priyanka / No Comment

Non-Resident Indian are often in a dilemma when it comes to investing in properties. They have a budget but have little idea about the supply in various cities of India. At times property buyers’ end up buying properties that they were not searching for in the first place. Thus, it is necessary to know the demand-supply graph in the locations of your choice so you can make the right decision.

Mumbai: It is one of the real estate markets where the supply of flats is quite high. The price is on the higher side but the availability of flats is not an issue in this city. Home buyers mostly search for flats followed by houses, plots, villas, and penthouses in Mumbai.
The city has witnessed vertical growth which is the only solution for Mumbai which is not only highly populous but has seen significant demand for residential housing. Here it remains a challenge for experts to increase the supply so high-rise construction is the trend in Mumbai.

Bengaluru: Bengaluru real estate market has witnessed a growth in urban population owing to demand from the IT/ITeS sector. Flats are the most supplied property type in the city. IT professionals mainly prefer apartments in Bengaluru where rates are on the higher side and availability of land remains problematic.

Pune: In this city, under-construction properties witnessed equal preference as ready-to-move-in properties. This means that sales are not focused on only one segment.

Delhi: The demand for the housing sector in Delhi has undergone alterations over the years due to change in the availability of properties. As the property prices are a bit on the higher side, homebuyers prefer flats over independent houses.
For those who cannot afford apartment complexes or independent house can opt to purchase builder floor apartments which are available across the city.

Chennai: Investing in Chennai real estate market is considered a safe investment because of the fact that there is unending demand for homes driven by the notable industrial mix including technology, healthcare, automobile, and manufacturing sectors. Areas in the southern part of the city are touted to be fast growing.

Upcoming roadways will boost the real estate sector in Bengaluru

Mar 6,2018 / By Priyanka / No Comment

Bengaluru India’s information technology capital will soon have new roads that would make the inter-city connectivity faster and easier, if all goes as planned. One of the many complaints that the denizens of Karnataka have is that roads in the city are really small when compared to major cities such as National Capital Delhi.

Recently, Minister of Road and Transport Nitin Gadkari publicized investment of Rs 1.44 lakh crore in road infrastructure of Karnataka that will take place in two years; the Central government had also permitted highway projects in the state worth Rs 2,920 crore.

Widening of the Bengaluru-Mysuru Highway

The National Highway Authority of India (NHAI) will soon start with the road widening work on NH-275 on the Bengaluru-Mysuru section of the Bengaluru-Mallapuram economic corridor at a cost of Rs 2,919 crore.

Presently, the road is four-lane and witnesses huge blocking at Maddur, Mandya and Srirangapatna. The road widening will reduce the commuting cost and time, mainly of heavy traffic plying in the region. The project holds an employment prospective of 248,000 man-days during the building period of the corridor.

The Chennai-Bengaluru Expressway

The 268-km expressway would pass through three states, Karnataka, Andhra Pradesh and Tamil Nadu. It will start at Hoskote in Bengaluru and would end at Sriperumbudur in Tamil Nadu. It will run parallel to the NH-4 and would carry 45,000-60,000 passenger cars in a day.

The construction on this project is expected to start by next month as the land acquisition is completed in Karnataka. The road will be built in five segments, Bengaluru-Kolar, Kolar-Palamaner, Palamaner-Chittoor, Chittoor-Kanchipuram and Kanchipuram-Chennai.

The Bengaluru Ring Road to Tamil Nadu

The Satellite Town Ring Road is projected to connect Tamil Nadu with the Bengaluru city. The NHAI will complete the project work and the project would connect Bengaluru’s Hosur to Tamil Nadu by joining the NH-4 and the NH-7 under the Bharatmala project.

This Ring Road will go through Hosur, Anekal, Kanakapura, Ramanagara, Magadi, and Dabaspet. The total length of this Ring Road is approximately 140 km in Karnataka and 45 km in Tamil Nadu. The tentative cost of the project is Rs 10,000 crore.

Author Archives: Priyanka

Student Housing startup in Pune- “Youthville Hostel”

Land acquisition for Namma Metro Phase II is turning out to be a costly affair

Delhi Metro’s Pink Line all set to start operation on March 14

Most preferred Cities for NRI Investment

Upcoming roadways will boost the real estate sector in Bengaluru