Category : Real Estate

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

3_5_2484346_835x547-mGood 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.

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Most preferred Cities for NRI Investment

NRINon-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.

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All you need to know about Thane Real Estate Market

ThaneGood connectivity and a flourishing economy have been the growth drivers for the Thane real estate market. Thane is all set to see more developments for providing a world-class living experience for its citizens.

Today, Thane fulfills the expectations of homebuyers of all categories with its wide-range of options for residential properties. Investors look up to this booming marketplace for safeguarding healthy returns.

Thane Reale Estate Market

Although affordability highlights the residential market of Thane, the demand for premium housing has also seen an upsurge in recent years. High-rise apartments and integrated townships are growing in number. Thus, homebuyers of Mumbai in search of spacious homes who have found an alternative destination in Thane.

Thane is divided into two sections – Thane east and the relatively affordable, Thane west. Prominent developers of the real estate industry such as Godrej Properties, Hiranandani Constructions, Lodha Group and Tata Housing have launched their projects in the city.

The average property prices are:
Rs 14,700 per sqft in Thane East
Rs 12,000 per sqft in Thane West

The Thane-Ghodbunder Road area is a sought-after hub for both budget homes and luxury properties. Other prominent localities to invest in Thane are Majiwada, Kolshet, Kopri, and Kasarvadavali. The property prices are expected to increase with the metro link coming in.

Connectivity: Thane has numerous location advantages such as it is linked to Mumbai via the Eastern Express Highway and the Eastern Freeway; to Navi Mumbai via the Thane-Belapur Road; to central and western suburbs via Ghodbunder Road and to areas in Gujarat via the Mumbai-Ahmedabad Highway.

Social Infrastructure: Thane has access to some of the finest social infrastructural facilities which are the main benefit of living in Thane, apart from being close to nature. The Indian Institute of Technology Bombay in Powai is around 20 kilometers away. In addition, there are reputed schools, health facilities, shopping malls and ample entertainment options.

The development of flyovers, highways and wide roads have changed the image of Thane as an urban cluster. Moreover, a proposed 32-kilometer Metro link from Wadala to Kasarvadavali will further comfort the commuting experience for the residents of Thane. Major roads like the Pokhran Road and the Ghodbunder Road offer road access to adjacent localities.

Thane was the first city to get the railway link in India. Outstanding connectivity is provided by the Central and the Trans-Harbour Line Suburban railway network.

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Kohinoor Falcon bags “ET Now presents Best Residential Property Of The Year 2018” award

Kohinoor Falcon AwardKohinoor Falcon bagged ET Now presents Real Estate Awards 2018 under the category of Residential Property Of The Year. The Award was held at Taj Lands End Mumbai on 15th February 2018. On this occasion Mr.Nilesh Laddad, Director, Kohinoor Group Pune Mr. Kishore Gore, V.P. Sales and Marketing were present.

Kohinoor Falcon is a high rise residential building with an area of 2.22 acres with 80% open space and 20% construction. Based on the concept of Smart and Sustainable home, Falcon is a smart collaboration of location, space, and smart design.Falcon was designed to enhance the views from all the sides of the building and has excellent connectivity to the major IT hubs and other important parts of the city.Kohinoor Falcon is a classic example of delivery ahead of time.The project was delivered ahead of committed time, actual delivery is scheduled on March 2018, whereas the possession was given in January 2018.

Strategically located at Pashan Sus Road, Kohinoor Falcon comes as a big advantage of location, which cuts on traveling time, giving more time at home.This carefully crafted project enhances the lifestyle of the residents giving them the maximum space for recreation.

Speaking on the win, Mr.Vineet Goyal, Joint Managing Director, Kohinoor Group Pune said, “This is a proud moment for us. Kohinoor Group has a reputation for delivery on time and in certain cases much ahead of time. Kohinoor Falcon is a classic example of delivery ahead of time. The group believes that customers are very important and the best gift that they can give is giving them the possession of their home in time. This award is proof of our long-standing commitment and dedication towards creating projects of high quality, value, and design. Its a joyful moment winning award consecutively, Kohinoor Grandeur was awarded Best Residential Project by Realty Business Achievers Award”

About Kohinoor Group Pune 

Over the past three decades, Kohinoor group has built growth and high stature through consistent quality parameters that have truly made a significant difference to comfort, ease and upscale the lives that inhabit Kohinoor spaces. The group has developed 29 projects at strategic locations across Pune’s skyline aggregating 4 million sq. ft. of spaces and another 3 million sq. ft.is in the making.

Playing the role of pioneer, the group has introduced Pune to concepts like Nano homes which has redefined the outlook towards affordable and space optimized homes. The group is also renowned to have delivered projects on time and in certain cases ahead of the committed schedule.

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Warangal Emerging As A Promising Real Estate Market

warangalWarangal is around 148 km from Hyderabad city, is gaining its momentum as a future investment destination for property buyers. The city is likely to emerge as the second capital of the state of Telangana. K T Rama Rao, The Minister for Industries, IT and Municipal Administration and Urban Development (MAUD), recently announced that the government would be assigning funds to develop Warangal on par with Hyderabad.

Development plans by the district administration and Greater Warangal Municipal Corporation (GWMC) funded by the capital support of Rs 5,000 crore for the next two years, Smart City plans, with an assessed fund of Rs 2,750 crore and a new Master Plan by March 2018, have been suggested.

Recently, the government, released the ‘Warangal Vision Document 2028′, is targeting to attract investments and increase economic activities, and employment, in IT, ITeS, hospitality and tourism sectors in the urban areas and food processing and textile in rural areas, which will surely affect the real estate industry as well.

A smart city

The urban group of Warangal is evolving at a rapid pace. The city effectively made it to the second list of proposed Smart Cities in 2016 and the implementation work will be managed by the Greater Warangal Smart City Corporation Limited.

The Greater Warangal Municipal Corporation and Kakatiya Urban Development Authority (KUDA) have major plans to develop the city with a focus on the needs for the next 50 years. This will comprise the development of mega townships, multi-level car parking projects, smart roads worth Rs 74.80 crore, rooftop solar project, a ropeway project and many other projects.

Infrastructure in Warangal

The National Highway-163 or Warangal-Hyderabad highway connects the city of Warangal to central and eastern Hyderabad. The development of this corridor is a huge driving factor for the growth of real estate market along the stretch.

Warangal is one of the major railway junctions in the country. Road transportation provided by the Telangana State Road Transport Corporation and private operators guarantee hassle-free traveling within the city.

To meet the civic infrastructure needs of the rising population, the Warangal Municipal Corporation will get assistance in the form of Rs 300 crore from the government.

The Telangana government has also sanctioned funds for road and infrastructure projects such as Rs 669 crore worth 69-km Warangal Outer Ring Road (ORR) that will boost the connectivity to the National Highways and smaller towns.

Education and job opportunities

Warangal has a flourishing economy and is known for its premier educational institutes such as NIT Warangal and Kakatiya University, bustling tourism sector and emerging industrial hubs such as the Mega Textiles Park.

It offers what other metro cities offer – a well-developed social infrastructure and a host of career and employment opportunities. Many educational institutions and information technology companies are seeing the city as a good alternative to Hyderabad and establishing their base in Warangal, a situation that will directly push the rental and housing demand in the city.

The state government is also aiming at encouraging investment in industries through special incentives and plans for decentralization of districts in terms of industrialization.

Properties in Warangal

Land prices have seen a rise in recent years along the emerging industrial corridor of Warangal – Hyderabad Highway and ORR. There are plenty options available for investment from residential to commercial spaces as well as plots.

Some popular localities in Warangal are Hanamkonda, Kazipet, Kothapet, and Subedari. Residential properties in Warangal have an average capital value of Rs 2,400 per square foot. Spacious homes ranging in size from 1,200 sqft to 1,500 sqft are priced within the price bracket of Rs 30 lakh to Rs 40 lakh.

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