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.

NRIs reshaping the Indian Luxury Real Estate Market

Apr 10,2018 / By Priyanka / No Comment

There is an interesting trend that has been noticed in Indian real estate market. In a market riddled by lack of demand from buyers, developers are seen launching luxury residential projects.

Resultantly, there has been an unexpected emergence of interest in the luxury residential segment which has come from non-resident Indian clienteles and buyers with deep pockets.

A lot of Realtors have joined the trend in Pune and Mumbai as well. Following the implementation of the real estate Act, the market in all parts of the country was stirred up for better or for worse.

While the transparency and authenticity in real estate investments became apparent, the risk of seeing the project ever reach completion with respect to compliance has a lot of residential home investors backing out. To make-up for the miserable loss, developers are looking to make the most of this micro-market.

The demographic for luxury projects is limited. However, this is the segment that has kept non-corporate realtors out of the red in recent times. A remarkable fact about the NRI customer base is that even a risk-prone project does not disappoint them. As long as a luxury project is made debt-free, NRIs do not hesitate from paying extra to purchase the same.

Most of these luxury houses have a specific net worth that runs into hundreds of crores because each home comes with a price-tag of Rs 6-8 crore. In spite of the dearth, real estate big shot have done a booming business in Mumbai and Gurgaon.

This shows that in spite of the storms that were thrown its way, real estate industry is capable of sustaining through micro-marketing. The niche of investors may be thin, but it is not absent. According to real estate analytics, a list of real-estate developers have managed to snag end-user consumers enthusiastic about luxury housing projects.

Mumbai saw Lodha Group and Radius Developers making a profitable business. The Lodha Groups have launched about four new luxurious, high-end projects at Walkeshwar, Lower Parel, and are now concentrating on Pune. Radius Developers has two upcoming projects where each luxury home may get them approximately Rs 13 crore.

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.”

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.

Category : Real Estate News

Reasons why one should invest in Charholi Budruk

NRIs reshaping the Indian Luxury Real Estate Market

Student Housing startup in Pune- “Youthville Hostel”

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

Most preferred Cities for NRI Investment