The attractive residential projects in Pune

The cultural capital of Maharashtra is seeing a constant demand for residential properties. The city is seeing growth in all aspects and the growth in the IT segment is drawing many IT professionals to the city. The city is seeing demand for mid-segment properties. Many Non-Resident Indians (NRIs) and High-Net worth Individuals (HNIs) are also eyeing the market. The city is considered to be one of the best investment destinations.

Here are some of the most sought after residential properties in Pune city.

The Spires by Pride Purple:

This is one of the prestigious projects from the reputed builder of Pune, Pride Purple. The project is classy and is an architectural masterpiece. The project consists of apartments and penthouses. If you get to reside in one of the apartments, you will get the awesome view of the Mula river. The project is nothing but luxury and is spread as 18 storey twin towers with spacious 3, 4 and 5 BHK units. The project comes with world class amenities and specifications such as Party Space, Video Phone System, Swimming Pool, Jogging Track, Landscaping, WiFi Connection, Children’s Play Area and many more. To ensure security, Intercom facility, Yale Digital Rim Locks and CCTV are provided. Green approach is applied in the project with water treatment plants.

The apartments are elegant with world class interiors and exteriors. Magnificently designed double-height Air Conditioned Sky Lounge with Pool Table, Card Tables and Massage Chair for Party Lawn with Barbeque area. Seating Pavilions are available. Swimming Pool with a separate Kids’ Pool and Jacuzzi. Fully equipped, state-of-the-art Club House with Air Conditioned Gym, Yoga/Aerobic hall and Massage Room with Steam & Shower adds to the luxury. If you are looking for a luxury apartment, then this is the best option. The price starts at INR 3.78 crores.

Park Landmark by Pride Purple:

This is the project for the nature lovers. If you are the one looking to run away from the noisy city, then Park Landmark is the right choice. Having such nature lovers in mind, the developer has crafted the project not far away from the city and crafted a scenic view with 500 trees. Residing in the project will give you a chance to live in the lap of nature with the noises of birds chirping. The project is located in Bibyewadi. The project has only 2 BHK apartments and the built-up area varies anywhere between 1622 Sq.ft – 1806 Sq.ft. The price starts at INR 1.54 crores.

To give a quality lifestyle, the project is provided with attractive amenities such as Swimming Pool, Multipurpose hall, Children’s Play Area, Gym, Terrace, Piped Cooking gas, Indoor games, Basketball and more. An eco-friendly approach such as Rain Water Harvesting is followed.

115 Hilltown by Pride Purple:

Pride Purple Projects has come up with 115 Hilltown for the mid-segment people. The project is designed to give a quality lifestyle and every home has visual treats overseeing green turf. The project is located in Bavdhan near the famous Ambrosia Resort. The project has 2 BHK and 3 BHK apartments.

The project looks attractive with the amenities such as Club House, Terrace, Swimming Pool, Garden/Greenery, Recreation, Play Area and Health & Fitness. Rain Water Harvesting is also provided. To ensure security Security Personnel and Video Door Phone is provided. You can avail apartments and the prices start at INR 63 lakhs.

Upcoming Properties in Bangalore

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Top 3 Residential IT Hubs in Bangalore

The Information Technology (IT) and the Information Technology Enabled Service (ITeS) industries have not only played a great part in the development of the economy of the country, it has also added to the growth of the real estate sector. It is a fact that any city which has a strong presence of these sectors has scaled real estate heights. Cities like Chennai, Hyderabad, Bangalore and Pune are prime examples of this phenomenon.

The realty market in Bangalore is especially dependent on the IT and ITeS sectors. For a long time now, the city has been a one of the top choice for these two industries. Areas which have a good presence of these companies have seen a good deal of real estate development and have become quite popular among home buyers. Peripheral areas in the city are quickly becoming the go to locations for these sectors as there are large parcels of land available in these regions. They are also available at very cheap rates. Infrastructural developments in the city have ensured that the peripheral areas are well connected. This has ensured that the interest of the IT giants in these areas does not waver.
Here is a look at the top 3 IT destinations in Bangalore which have caught the attention of buyers looking for a property for sale in Bangalore.

Electronic City

No talk about the influence of IT industry on the city is complete about without the mention of Electronic city. It is one among the largest IT hubs present in the country. The micro market consists of three zones called Phase I, II and III. The going rate for a property for sale in Bangalore which is located here stands at INR 4300 per square feet on average. Residential plots for sale in Bangalore which are located here can cost INR 1500 per square feet on average. There is increasing demand for affordable and mid segment properties in this part of the city.

Marathahalli

Marathahalli is another IT hub which buyers are really getting behind. This suburb which is located in the south eastern part of the metro has benefited greatly from the IT boom. The area which was once a village and is now a booming real estate hub all thanks to the IT boom. The going rate for a property for sale in Bangalore which is located here stands at INR 4500 per square feet on average. The average asking price for residential plots for sale in Bangalore which are located here stands at INR 4900 per square feet on average. One would need at least INR 50 to 70 lakhs to purchase an apartment in Marathahalli.

Whitefield

Whitefield was once a preferred settlement of the Anglo Indian community. It is now a preferred settlement for those who are working in the IT sector. The IT boom has transformed this micro market into a thriving real estate hub. The going rate for flats here stands at INR 3700 per square feet on average.

Growing Infrastructure and Seamless Networking make HSR Layout an Ideal Realty Destination

With central localities reaching saturation points, a number of peripheries and suburbs have fast developed into becoming most sought after micro markets. And one such market that is bustling with an array of construction activities in HSR Layout. Strategical situated between Sarjapur Road and Hosur Road, the vicinity is cited to be one of the most preferred realty destination of Bangalore. The 1,500 acre neighbourhood offers the perfect mix of residential and commercial spaces making the locality a hub for the cosmopolitan crowd.

Apart from the growing commercial belt- the green canopy is another factor that is enticing many property builders. The serene environment, the large green parks create the perfect background for premium homes- and builders are leaving no stone un-turned when it comes to creating extraordinary living spaces. Both local and national real estate developers are purchasing large tracts of land to build marvelous capital ventures. Apartments for sale in HSR Layout are selling like hot cakes. According to recent reports, the influx of housing demand has reached such a point that the absorption rate of housing units has crossed 60%. Depending on the amenities offered by the builder an apartment for sale here is expected to cost an average of Rs 4,700 per square feet.

Owing to the presence of land in large parcels, the area is cited to develop further. The insurgence of many residential projects along areas beyond the BDA (Bangalore Development Authority) layout are cited to be residential hotspots. Some of the active residential catchment areas include- Venkatapura, Somasandrapalya, Hosapalya and Parangipalya. Luring potential home buyers with their world class facilities, a house for sale in HSR Layout, especially in any of these sub-localities is expected to hover over a price bracket of Rs 7,900 and Rs 10,200 per square feet.

Another factor that has played a pivotal role in flourishing the area’s realty sector is its seamless connectivity. HSR Layout’s proximity to ORR (Outer Ring Road), Hosur Road and Sarjapur Road has enticed many working professionals from neighbouring SEZs (Special Economic Zones) to shift base here. The upper middle class white collared professionals are renting out various properties here. If you are finding it really difficult to zero down on a liable property worry not, check out the IP verified listing on IndiaProperty.com. Second time home buyers and investors are now tapping into the growing rental demand and are letting out their spaces only to earn fruitful returns.

With there being an inherit demand for 2 BHK homes, it doesn’t come as a surprise to see property prices soaring. According to data, rental yields in this vicinity have witnessed a 16% escalation. On an average, home here are estimated to churn a rental yield anywhere between Rs 16,000 and Rs 25,000 per month depending if the homes are semi or fully furnished.

So if you are looking to investing in properties that promise high ROI and also generate high rental yields- HSR layout is the place for you.

Here is Why you Should Invest in Peripheries of Bangalore

The Silicon Valley of India has always attracted a crowd of people, while previously it was due to its ample employment opportunities- today its because of its flourishing realty market. Real estate in Bangalore is currently witnessing a major turnover as both local and national property developers are dotting the city’s skyline with many high rise apartments. The growing pool of floating population has pushed the city beyond its peripheries and builders are cashing on the growing demand and are creating extraordinary living spaces that are light on the pockets.

While most neighbourhoods within the city limit have reached their saturation point, localities in the outskirts like Electronic City and Whitefield are fast developing into becoming robust capital realty markets. Connectivity and the presence of many state of the art office spaces are attracting many working professionals to shift base here. An array of apartments in Whitefield are mushrooming. According to current market reports, the vicinity is all set to have over 30 new projects that are likely to be completed by 2017.

Tapping into the needs and demands of the cosmopolitan crowds, suburbs offer housing units ranging from 1 BHK to lush 4 BHK apartments that spread over a carpet area of 3,000 square feet. Depending on the amenities and facilities offered by the builder homes here are cited to fall anywhere between the budget of Rs 30 lakhs and Rs 2 crores. Real estate in Bangalore is catering to people from all walks of life which is thereby increasing the housing influx day by day. While the growing demand in resulting in higher property prices, capital values of homes too are appreciating at a rapid speed. Recent data suggest multistorey apartments have seen an escalation of 73 percent in the past one year. Similarly capital values of properties in Electronic City too have increased over 58 percent in the past few years. The high ROI (Return on Investment) is luring many potential home buyers and investors to purchase properties in these suburbs.

Strategic location and seamless connectivity has not only flourished these suburbs but has also developed other neighbouring areas along the Varthur belt and Bellandur belt. Arterial roads like Old Airport Road and ORR (Outer Ring Road) have phenomenally improved intra-connectivity. Vicinities like Mahadevapura, Hoskote and HSR Layout have fast developed into becoming self sufficient micro market. Properties along these neighbourhoods are cited to hover anywhere between Rs 3,700 and Rs 6,500 per square.

Apart from these vicinities being ideal end users market, peripherals are also becoming havens for investors thanks to its high rental yield. While SEZs (Special Economic Zones) lure a fair share of white collared professionals who are keen on reside close to their work space, second time home buyers are investing in homes only to let them out on rent at a higher prices. With the market being driven by bachelors and migrants, 2 BHK homes are in great demand. For instance, 2 BHK apartments in Whitefield and Electronic City are capable of generating rental yields anywhere between Rs 14 and 18 per square feet per month. With these high fruitful returns enticing many investors, Bangalore suburbs are alluded to be ideal investment destinations.

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Bangalore Real Estate 2014: The Year that was

The real estate situation of Bangalore has been the talk of the town over the last year or so. This city has become popular among home buyers who are looking for properties in all segments. The real estate sector here can boast and say that it is one among the few to be doing brusque business in the entire country. There has been a healthy demand for housing being witnessed in this city. Reports doing the rounds in the media have been constantly harping on the fact that the residential absorption rate in this market has been consistently high in all the quarters of 2014. The figures according to these reports have seen a remarkable growth when compared to 2013. This kind of growth has not been seen in any of the major metros across the country. In fact some markets have been witnessing a slump.

One of the main factors that is driving growth here is the Information Technology industry. If this industry is a positive zone, then the real estate industry will also prosper. If there is a slump in the IT industry the real estate market will also face a slump. Currently the IT industry is experiencing a positive growth spurt and this is aiding the growth of the real estate sector.

Another factor to take into consideration is pricing. Bangalore property prices can range between INR 5000 to 30000 per square feet according to reports. This shows that there are both affordable housing options and luxury housing options available in the city. In 2015, Bangalore property prices are looking to go up. There is a voracious appetite for the affordable housing segment in the city.

Here is the buyer’s preference for the year 2014:

A 2bhk flat for sale in Bangalore has been on the top of most buyers’ purchase list. They are also looking for 3 and 4 BHKs here. Apartments which are sized between 1001 to 1250 square feet came out on top as far unit size preference is concerned in this market. This is followed by the 1251 to 1500 square feet range and the 751 to 1000 square feet range. The most preferred budget range for apartments here falls between INR 30 to 40 lakhs. This is followed by the INR 40 to 50 lakhs range and the INR 20 to 30 lakhs range. Buyers were looking to buy properties in Bangalore which were priced less than INR 2000 per square the most in Bangalore. This is followed by the INR 3001 to 3500 per square feet range and the INR 3501 to 4000 per square feet range.

Some of the top localities amongst the buyers are micro markets which have a good presence of the IT and ITeS companies. Micro markets such as Electronic City, Sarjapur Road, Whitefield, Marathahalli, KR Puram and Yelahanka have emerged as top choices among property seekers here. A property such as a 2bhk flat for sale in Bangalore which is located in these micro markets have been selling like hot cakes.

A Look at Bangalore’s Real Estate Scene

When the real estate market up north was doing badly the markets down south were holding their own. Though Hyderabad was witnessing political turmoil, the markets in Bangalore and Chennai fared better than most markets in the country. Not only did where these markets stable they were able to grow and expand as well.

Bangalore especially witnessed growth and demand. Known as the Silicon Valley of India by many, the Information Technology boom hit Bangalore and had a great impact on the real estate there. Bangaloreans aren’t the only ones who are investing into properties such as 3 BHK flats in Bangalore. There is a great interest shown by those who are living outside of Bangalore especially Non Resident Indians (NRIs) who are looking to settle in India and High Networth Individuals.

Infrastructure is also adding to the growth story of Bangalore. Projects such as the Namma Metro have made life easy for the common man. The metro connectivity also acts as a catalyst for real estate growth for both the residential and commercial segments. The areas which receive metro connectivity see a price appreciation of about 25 to 30 percent over time.

The southern and northern parts of Bangalore are doing well. There is demand for areas such as Electronic City, Whitefield, Sarjapur Road, Outer Ring Road, Marathalli. The locations such as Yelahanka, Hebbal, Hennur Road, Devanahalli, Jalahalli and Doddabalapur in the north are also becoming quite popular. The northern market developed after the International airport came up in Devanahalli. With the Central Business District becoming saturated and rates here going beyond the reach of the common man focus shifted to eastern and southern Bangalore. Even these markets are beginning to reach a saturation point according to recent reports. This is where north Bangalore scores as there is still plenty of land available for development here. If one is looking for Bangalore apartments for sale then north Bangalore has plenty of options.

As far as commercial real estate goes the focus has been shifting from the CBD to the peripheral and suburban areas which are much cheaper and are growing infrastructure wise as well. Increasingly companies in the IT/ITeS and automobile sectors are focusing on these areas to expand their business. This has also lead to the growth of residential real estate in these areas as those who are working in these sectors would make these areas their homes.

There is an increasing appetite for luxury properties in Bangalore. This is especially true of the north Bangalore belt. Most Bangalore apartments for sale in this region fall in the high end category. The main reason for the growth of the luxury segment is because of the availability of large parcels of land for cheap rates. In areas such as Yelahanka one can find luxury apartments from the INR 1.3 crore mark.

Taking these factors into consideration it is not very hard to understand why there is consistent investment into properties such as 3 BHK flats in Bangalore. The future of this metro looks bright and any investments made into this city will not go astray.

Bangalore Real Estate Shows Steady Growth

Bangalore residential real estate market is said to remain active in the year 2015 with over 300,000 units to be up for sale. It also amounts for the inventory upto the year 2018. The IT hub of India has attracted a large amount of work force from all over India. The IT boost has also helped the real estate sector immensely over the years. The increase in the work force has created a demand for real estate in the region.

According to a recent study by Cushman & Wakefield (C&W), “The supply projections indicate that nearly 56% of new units may cater to the MIG, 29% to the LIG and remaining 15% to the HIG. The cumulative demand for residential housing (until 2018) is projected to be 438,600 units with 44% in the MIG and 31% in the LIG. Considering the high requirements, demand is likely to remain unmet in all segments with a total demand-supply gap of around 196,000 units with a high paucity (38% of total shortfall) in the HIG.”

Properties and sites for sale in Bangalore mostly caters to the middle income group. This is due to the ever growing population of mid-level IT employees in the city. The city has attracted a good amount of commercial and office space real estate because of the same reason. Housing is the key development factor in Bangalore, which coupled with the growth in infra and other facilities have resulted in a well-balanced real estate sector. Apartment from this luxury housing becomes a very popular sector in the city, with many developers specifically targeting the HNIs in the city. Looking 2BHK flats for sale in Bangalore mostly targets the middle income group whereas the larger housing units are restricted to the luxury segment.

According to Sanjay Dutt, Executive MD, South Asia, Cushman & Wakefield, “The private sector housing, which is largely responsible for creating housing in India, has been grappling with many issues such as rising input costs, expensive land valuations, outdated building norms, restricted access to funding, serious delays in regulatory processes and uncertain economic conditions resulting in poor and/or slow sales volumes, all of which have resulted in holding back the growth of this sector since the last 2-3 years. Consequently, the demand-supply imbalances across cities have been becoming more pronounced.”

Whitefield all Set to have 40 New Projects by End of 2016

Finding a ready to occupy home in a city like Bangalore might be a daunting task and if you are hunting for a home in the new urban side of the city, the chances get even dimmer. Worry not, there is one particular locality that is abuzz with many construction activities and has over 40 new projects entering the arena. The ever growing housing demand in Whitefield has lured many reputed real estate developers and builders to purchase land in large parcels to build world class apartments in Whitefield that meet the needs and demands of every cosmopolitan crowd. All these 40 projects are currently at its nascent stages and are citied to be finished by 2016.

Currently the neighbourhood’s market offers dwelling spaces that range from being affordable to uber luxurious. The realty market is engaging many MIGs (Middle Income Group individuals) by offering homes as low as Rs 25 lakhs. Flats for sale in Whitefield are also luring many HNIs (High Net-worth individuals). Housing units that spread over 4 BHK are expected to cost anywhere between Rs 1.5 crore to Rs 2 crores.

Wooing potential property seekers with its state of the art amenities and facilities, builders are leaving no stone unturned in providing its resident a safe and secured environment. Amenities like round the clock security, private garden space and private swimming pool engage many home buyers due to its privatness. The influx of housing demand is increasing day by day which is thereby pushing property prices upwards. In a span of just two years, capital values of apartments in Whitefield have appreciated over 27%. According to current market trends, the per square feet rate for homes here hover anywhere between Rs 3,600 and Rs 4,300.

Being an IT hub, the vicinity enjoys all the basic civic amenities and has developed into becoming a self sufficient micro market. Seamless connectivity is another factor that has flourished the locality’s realty sector. The presence of major connectors like Whitefield Road and HAL Old Airport Road (Varthur Road) have enticed many white collared professionals from neighbouring IT parks to invest here. Other developing infrastructural projects like the Bangalore Metro and the proposed PRR (Peripheral Ring Road) too have roped in a lot of foreign investment. The presence of many MNCs (Multi National Companies) have attracted a fair share of floating population who are showing a keen interest in renting out spaces here.

Investors and second time home buyers are now tapping into this demand and are lending out their homes so they could reap fruitful benefits. On an average a 2 BHK home here is capable of generating a rental yield of Rs 20,000 per month, making the locality a favourable destination for investors. The growing commercial belt is another factor that is pushing property prices to soar.

So if you want your hard earned money to appreciate through time, don’t think twice before investing in Whitefield. Capital values of flats for sale in Whitefield not only appreciate over time but they are also capable of generating high rental yields.

Source: http://articles.abilogic.com/64616/whitefield-all-set-new-projects.html

Marathahalli Emerges as a the Top Choice for Residential Properties in Bangalore for Realestate

Marathahalli situated in south eastern Bangalore is one of the fastest developing suburbs in Bangalore city largely driven by the IT Sector. Surrounded by the Outer Ring Road this locality has been strategically located close to the top IT corridors of Bangalore City. It is located next to the top developing localities in the city namely Whitefield and Electronic City. The development in these localities have propelled the growth in Marathahalli as well. Apart from the ORR (Outer Ring Road) the locality is served by Old Airport Road, National Highway 7, Sarjapur Road and the ITPL Road.

According to a report Solid Grounds Report by IndiaProperty.com, “Over the course of the last one year the residential property prices in Marathahalli has appreciated by over 20%. Buyers are shifting their attention from Whitefield to Marathahalli as this area is well connected to Whitefield and the going rate for properties here is 10% lesser than those in Whitefield. Ground water level here has dropped due to the influx of population into this area. Many residents here depend on tankers for water supply. This micro market possesses sound social infrastructure in terms of educational institutions, hospitals and malls. With improved infrastructure, Marathahalli will be well on its way to becoming one of Bangalore’s prominent real estate hub.”

he locality has excellent connectivity, but the growth in the IT sector has created a commercial/ retail real estate space in the locality like no other. The locality banks on the fact that it is a well-balanced residential and office space market which has resulted in a sudden surge in retail activity in the region. Properties in Marathahalli there are suitable both for investment and living purpose as the locality is a well-rounded locality. Price of apartments for sale in Marathahalli is anywhere between INR 3500 to 5000 per sq. ft.

Marathahalli has seen a lot of development in the past 5 years. This is one of the older localities or suburbs in the city and has been on the sidelines because of all the development in localities like Whitefield and Electronic City. However today older properties and construction in the area has given way for newer buildings and residential and commercial spaces in the city. As of today around 75% of projects in Marathahalli are apartments and the rest are independent homes or villas in the region. Mid segment housing in most in demand and buyers seem to eyeing properties in the price range of INR 35 to 50 lakhs. 2BHK properties of average unit size of 1200 sq. ft. has been the most popular form of investment.

This shows that the locality heavily relies on mid segment housing when it comes to the real estate sector. IT sector is what the real estate market as well as the rental market here. If you are looking to rent out a 2BHK apartment in the area, you must be prepared to shell out INR 15,000 to 20,000 per month.

Source: https://www.apsense.com/article/marathahalli-emerges-as-a-the-top-choice-for-residential-real-estate-in-south-east-bangalore.html