Cities
Seven new residential sectors, three small commercial belts and two industrial sectors would come up at Gurgaon. The state-level committee of Town and Country Planning Department, Haryana, approved the plan for these sectors suggested as per Draft Development Plan for Gurgaon-Manesar Urban Complex-2031. Public, semi-public and open space zones have also been earmarked. An area [...] Continue Reading »
Mumbai’s real estate market has been going through a dim phase. According to property consultant CBRE’s latest report on office space, vacancy levels in Mumbai’s extended business district Lower Parel have risen to an estimated 46-48 per cent as demand supply gap continued to widen in April-June. Data shows that around 1.1 million sq ft [...] Continue Reading »
Whitefield has emerged as a real estate hub in Bangalore as it has witnessed both commercial and residential developments. The credit befalls good connectivity. Marathahalli bridge construction has been a boon for growth of real estate in the area. Residential facilities, along with well designed office space are increasingly coming up. The Old Airport Road, [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
Andheri East has become the new commercial hub of Mumbai. The area enjoys good connectivity through Jogeshwari-Vikhroli Link Road (JVRL), Andheri Kurla Link Road, the Versova-Andheri-Ghatkopar metro link and it has benefited the markets of Andheri East. Andheri East has a cost advantage over traditional commercial hubs such as Bandra Kurla Complex (BKC) and Nariman [...] Continue Reading »
Ahmedabad is seeing increasing demand for office space. The entry of new ventures from across India and expansion of local industries have propelled the increased demand. Commercial capital values have almost been doubled in last two years while the rentals have become thrice. Organised retail has also grown to an unprecedented extent. The developers and [...] Continue Reading »
Kochi is seeing spurt in the real estate sector, owing to IT developments. The city has seen launch of new residential, IT, retail, commercial and infrastructure projects over the last few quarters. The residential values of prime localities witnessed a 12-15 per cent hike in values, while rental recorded a growth of up to 25 [...] Continue Reading »
Pocharam in East Hyderabad is a fast developing neighbourhood locality. The area has seen an increased interest from prospective buyers. As demand has been on the rise due to IT developments in the vicinity, more number of investors are looking to invest in residential property in the area. Located on Warangal Highway, the locality is set [...] Continue Reading »
East Coast Road (ECR) is fast becoming a top residential locality of Chennai. The property values have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still on the rise. The expansion of IT/ITeS sector is the main fuel in the real estate growth. Revival of demand for [...] Continue Reading »
Real estate prices have been rising in NCR area and combined with increasing demand the scope for middle income group to get hold of residential property has been decreasing. As this supply demand gap is increasing, Tronica City area in Ghaziabad, is fast becoming a hub of residential and commercial property for the middle-income group. [...] Continue Reading »
