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.
February 20, 2014
February 17, 2014
'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.
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.
January 29, 2014
Pre-launch: Sobha Silicon Oasis off Sarjapur road, Bangalore
Sobha Developers is all set to launch their new tropical based theme project likely to be called Sobha Silicon Oasis located on Hosa Road near BOSCH campus in Electronic City.
Sobha Silicon Oasis is spread across 15 acres of land and will have on offer about 918 apartments in 2 and 3 BHK configurations.
Follow: @TME on Twitter | Facebook | Linkedin
Visit us at TheMoneyEstate.com
This project is located between Sarjapur road (4.5 km) and Hosur road (1 km) with an excellent proximity to Koramangala (7 km), Silk Board junction (4 km), Sarjapur outer ring road (5.5 km), Electronic City (2.5 km).
The project is tentatively set to launch in February.
For further details and to pre-book, contact sales@themoneyestate.com or call us at + 91 886-722-4385
January 24, 2014
Bangalore West: Budget, mid-range homes in peripheral locations
Infrastructure and residential property market growth go hand-in-hand. A host of civic projects such as the Metro Rail, planned Peripheral Ring Road (PRR), the Outer Ring Road (ORR) and other smaller improvement works have transformed the face of West Bangalore. Earlier home to large industries and individual houses, large-format malls, integrated developments, high-rise apartment complexes and business parks now dot the landscape.
December 23, 2013
Want to earn quick returns? Invest in Chennai
When real estate across the country is in a ‘wait and watch’ situation and struggling to take off in terms of transactions and prices, developers in Chennai suggest both end-users and investors to invest in the city ‘now’ to earn quick returns. Let’s find out why?
December 19, 2013
Joyalukkas’ first real estate project launched in Kochi
Jewellery retailer Joyalukkas group ventures into the real estate sector with Joyalukkas Lifestyle Developers.
The first project - Gold Tower, a premium 3 and 4 BHK, 22-storeyed apartment will come in Vazhakkala near Kochi.
The project is expected to be completed in three years. The facilities in the project include fiber to the home facility that provides hi-speed broadband and television connectivity through a single cable, water purification plant, usage of solar energy and other modern amenities.
Follow: @TME on Twitter | Facebook | Linkedin
Visit us at TheMoneyEstate.com
For further details and to pre-book, contact sales@themoneyestate.com or call us at + 91 886-722-4385
The project is expected to be completed in three years. The facilities in the project include fiber to the home facility that provides hi-speed broadband and television connectivity through a single cable, water purification plant, usage of solar energy and other modern amenities.
December 05, 2013
New Launch: Sobha Valley View at Banashankari, Bangalore
Sobha Developers is set to launch a mid-segment apartment project named Sobha Valley View behind PES Institute of Technology at Banashankari.
The project will come up in around 14 acres of land and will have 2 and 3 BHK on offer with around 750 units.
Follow: @TME on Twitter | Facebook | Linkedin
Visit us at TheMoneyEstate.com
The project is coming up just behind PESIT, Banashankari III stage and with connectivity to NICE Bangalore Mysore Expressway, it makes an ideal place to stay or invest.
For further details and to pre-book, contact sales@themoneyestate.com or call us at + 91 886-722-4385
Subscribe to:
Posts
(
Atom
)
Posts
