From Kochi to Kanpur - cities gear up for concept homes

From Kochi to Kanpur, Mathura to Mohali to Meerut, Tier II & III cities are catering to aspirations with ambitious projects! So, we have a project along a lake on the theme of a hill station in Indore and a sports city project in Meerut.

Tier II and Tier III cities are expected to see a major spike in the real estate market with concept housing. Cities like Indore, Kanpur, Kochi, Mathura, Meerut, Lucknow and many others are witnessing a boom, when it comes to glam homes with elite addresses.

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IT, NRIs interests drive Bangalore real estate

Bangalore has been the fastest growing city of India over the past few decades. Information Technology has been the major growth driver responsible for aggressive real estate development of the city. Being the IT Hub of India, Bangalore has a multicultural population, good social infrastructure, excellent educational institutes and an improving physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and North Bangalore.

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Bangalore is also the third-largest real estate investment hub for High Net worth Individuals (HNIs) and tops the list in terms of investments from Non Resident Indians (NRIs) looking at settling down in India in the future. The city attracts a sizable population due to its cosmopolitan culture. Home to over 10,000 individual dollar millionaires, Bangalore has a large base of expatriates living and employed in the city.




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There has been increased demand for high-end residential apartments in Bangalore, particularly in the Central Business District (CBD), Secondary Business District (SBD), Whitefield, North Bangalore and Outer Ring Road sub-markets.

High end segment – Rs 1.5 crore and above

Bangalore’s Old Airport Road gains its lost sheen

Bangalore’s Old Airport Road which reported a drop in property prices a couple of years back has bounced back to being a much sort after address in Oct-Dec 2013.

'Bangalore - the most preferred place for buying house'

Bangalore is the most preferred for buying a house in 2014 thanks to connectivity, infrastructure and basic facilities, according to the findings of a survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

A majority of the respondents, about 49 per cent, of the urban working class remain keen to park their surpluses in buying residential properties than commercial properties as the latter are beyond their means and involve higher volumes of investments, said a statement by ASSOCHAM Secretary General D.S. Rawat.

Bangalore is followed by cities like Mumbai, Delhi, Kolkata, entire National Capital Region (NCR) and Hyderabad. After Bangalore, “Mumbai occupies a special place in hearts of many Indians, who are attracted towards the city due to its diverse work force, employment opportunity, cosmopolitan culture and glamour”.

Mumbai (11 per cent) is followed by Delhi (10 per cent) with buyers willing to buy a property here. Delhi has also witnessed a healthy growth in the infrastructural development with a new international airport and spread of metro services to the NCR region, adds the survey.

Kolkata (9 per cent), NCR (8 per cent) and Hyderabad (6 per cent) are the other key real estate investment destinations of 2014.

Beyond the top five cities, homebuyers have also shown a preference for Dehradun (4 per cent) and Ahmedabad (3 per cent), added Mr. Rawat.

“A whopping 65 per cent of the national home buyers want to buy a house for self consumption”, the survey added.