Bangalore drawing NRI investors in real estate

A growing number of NRIs across the US prefer to invest in real estate back home due to a combination of factors. The capital appreciation in India, competitive local lending rates in the US, easing of investment norms by the government, repatriation facilities and availability of property management services are primarily instrumental in driving them to investing in real estate here.

Bangalore realty market more positive

With a new stable government looking to address some problems of the previous one, and with interest rates falling, Bangalore’s real estate market is looking more positive for buyers and investors than it has been in a while. Given that property prices here have been relatively stable in the past few years also makes it quite attractive.

Bangalore North connectivity pushing growth

Around two decades ago, if you happened to drive to Bangalore north, chances are you wouldn’t venture beyond R T Nagar, at most touching CBI and Gangenahalli, now Ganganagar. However, enhanced connectivity through the Outer Ring Road (ORR), the location of the international airport at Devanahalli with consequent boost to infrastructure by the Bruhat Bangalore Mahanagara Palike (BBMP) and the National Highways Authority of India (NHAI) has turned the north into a much sought-after destination for homeowners as well as investors.

New premium villa project launched on Sarjapur road

New premium villa project has been launched on Bangalore’s Sarjapur Road and will have 109 high-end villas of around 2,900-5,500 sq.ft.

Property prices revive in Begur Road, Bangalore

Property values in Begur road have risen significantly in the last couple of months. The area had recorded a steep dip in rates in the quarter Jul-Sep 2012, but in the last couple of months it has revived to touch an average locality price of about Rs. 2942 per sq ft in the following months. The highest price reported in the quarter Oct-Dec 2012 was Rs. 3169 per sq ft.

Purvankara Coming up with New Project in Bangalore

Purvankara is expected to launch their new project, Purvankara Sunflower, at Magadi Road, Rajajinagar.

Chennai witnessing demand for luxurious penthouses

Penthouses stand apart from other apartments by two factors – height and luxury. Typically, penthouses are located on the topmost floor(s) of the residential block, with exclusive private terraces and other luxury amenities. Height restrictions on residential buildings were recently lifted in Chennai and luxury, for those that can afford it, has never been a restricted commodity. A rise in the number of penthouses, presently being seen in the city, is an obvious indicator of a real estate boom.