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Bengaluru: Top investment bets in 2017

Bengaluru: Top investment bets in 2017

At a time when property experts are anticipating good times ahead in Indian real estate, Bengaluru property market will remain the top investment choice in 2017.

Bengaluru has recently been ranked number one based on investment prospects in a report prepared jointly by Urban Land Institute (ULI), along with PricewaterhouseCoopers (PwC). The report stated a strong shift towards two emerging Indian cities (Bengaluru and Mumbai) in the entire Asia Pacific region. In 2016, Bengaluru ranked 12th in ‘Historical Investment Prospect Rankings report’*.

Property analysts also predict that Bengaluru – the IT capital of India – is proving to be a bright destination for real estate investors. It is positive sign for Indian real estate that Bengaluru has emerged first in investment and development parameters for 2017. This is a big story for realty developers and end-users too.

According to R Rohit of brokerage firm RR Real Estates, “All thanks to booming civic infrastructures, new residential projects launch, establishment of Information Technology Services at large scale, BPO sectors that have been driving the Bengaluru residential as well as commercial property market for long”.

“We are very hopeful and happy that Bengaluru property market is gaining more prominence at the onset of New Year. This positive data will attract more and more investors as well as new home buyers to the market,” Rohit says.

Roundup 2016 for Bengaluru property market:

In a report released by real estate consultancy firm JLL India indicated that retail and commercial space are buzzing with many real estate activities while residential space is seeing less buyers. Bengaluru and Pune realty markets have emerged as new realty hotspot which will see price appreciation over time.

According to the report – retail spaces, especially malls are experiencing healthy rate of takeoff and occupancy, just because of favourable policies that have boosted the market after three years of drought. Policies such as 100 per cent FDI in single brand retail, relaxation for multi brand retailers and revised Model Shop and Establishment Act (that allows shops to remain open 24X7) have attributed for the rise in space offtake. The demand for retail space has picked up really well but there is a shortage from supply side. Market stature is experiencing robust demand but not many new malls are being built.

The real estate market of Bengaluru has been always the star performer in terms of highest counts residential units as well as office space absorption. In April-June quarter too, the city performed exceedingly well. About 48 per cent of the total units is accounted for Bengaluru, followed by Pune 21 per cent and Mumbai 16 per cent in this current quarter.

According to the report by Colliers International, India, The high volume of new launches during the second quarter was primarily driven by top six metro cities – Bengaluru, Pune, Mumbai, Chennai, Gurugram  and Noida.

According to the latest report released by real estate consultancy firm JLL India also, Bengaluru and Pune would be the two markets which would see a favourable price rise over a period of time. Bengaluru’s performance is noticeable as new launches have almost doubled from first quarter at nearly 11,500 units at the end of April-June quarter.

Bengaluru Metro Phase II to boost realty

Taking another step towards hassle free connectivity within Bengaluru city, Bangalore Metro Rail Corporation (BMRC) is working on expanding the proposed Namma metro network through phase II. The new phase of metro is likely to be completed by December 2020. Ahead of this, the real estate fraternity looking forward and say investment in property along the route will pay rich dividends. The demand for both residential and commercial property in the region is likely to increase.

*As quoted in http://www.pwc.com/sg/en/publications/assets/aprealestemerging_2017.pdf

Faridabad-Noida-Ghaziabad Eway driving realty

Faridabad-Noida-Ghaziabad Eway driving realty

Faridabad-Noida-Ghaziabad Expressway or FNG Expressway is making new property destinations in the NCR.  This expressway will pass through Noida, Ghaziabad, Faridabad and Gurugram to boost connectivity between these prominent cities. Thus, the localities along this Eway have emerged as property hotspot.

It is smart move that will offer safe and fast transport

Experts who are tracking this property market believe that the property aspects along the expressway corridors are promising. FNG expressway will offer direct connectivity between Noida and Faridabad. Once this long stretch is operational, people can travel between this stretch within half an hour.

FNG expressway is around 56 kilometer long stretch with 19-km stretch falls in Noida, 8 kilometers in Ghaziabad and the remaining 28 kilometers in Faridabad. Once this entire stretch is operational, it will alter the urban infrastructure of the region. This National Highway Project will not only accelerate the sale of land parcels in these areas, but also bring chance for mid-income class to buy budget houses in NCR. It is expected that this Eway  will be stretched up to Sohna Road Gurgaon that will further boost property market around Sohna Road.

Real estate developers are hoping big property market to emerge

Real estate developers of the NCR are very much optimistic about this locality, even prior to its completion.

According to Harmit Chawla, MD of real estate firm HCorp Realty Pvt. Ltd., “The national highway project is to benefit major chunk of people and will be an alternative route for commuters coming from from Meerut, Ghaziabad, Noida, Greater Noida, Gurugram and Hapur who wish to go to Faridabad and Agra. The expressway will cut travel time from two hours to 40 minutes and smoothen traffic pressure on the areas of NH-24, NH-58 and NH-2 that fall in the Delhi region. At present, people coming from Ghaziabad, Meerut and Hapur take these roads to reach Faridabad and Agra”.

Easy connectivity wins

Presently Ghaziabad, Noida and Greater Noida are accessible to Faridabad through NH-24 and NH-2 and these are much crowded roads of NCR. Experts say that, FNG expressway will ease connectivity to major hosing segments of NCR regions including Ghaziabad, Noida, Greater Noida, Faridabad and Gurugram and will transform the locality which leads high demand for residential property in near future. People can travel easily for work. The expressway will stimulate the growth of these locality through good network connectivity and will emerge as a hot property destinations.

Noida to digitise all property records

Noida to digitise all property records

The Noida Authority digitised 16,300 institutional, industrial and commercial properties. The digital services for these properties will be available from January 2, 2017 at www.noidaauthorityonline.com.

The Noida Authority digitised 16,300 institutional, industrial and commercial properties. According to officials, while the first phase of the project was soft-launched, digital services for these properties will be available from January 2, 2017.

With the digitisation of properties, a host of services, including permissions for mortgage, mutation of land, transfer of memorandum, completion and functional certificates, lease rent deposit, water bill payment, etc., will be a smooth affair for allottees in Noida, a senior official said.

“Within the next five months, we plan to digitise all Noida’s properties. The aim is to achieve minimum interface with the allottees but provide them with maximum transparency besides doing away with red tape,” said Deepak Agarwal, Noida Authority CEO.

“The services can be accessed from Noida’s website www.noidaauthorityonline.com. Each allottee will be provided with a unique user ID and password,” Agarwal explained.

“With the industrial application going online, investors and entrepreneurs will be able to view all available land for industries. While payments will be done online, the portal will also allow electronic communication. In future, GIS-based plot search and visibility will be added,” he explained.

“We are also working on Online Building Map Approval Process System (OBMAPS to speed up the process of building plan compliance check, in accordance with building by-laws,” Agarwal said.

Source: TOI

Top 5 localities in Ghaziabad for real estate investment

Top 5 localities in Ghaziabad for real estate investment

Ghaziabad has been at the center of real estate activities in the NCR circuit owing to its strategic infrastructure and property price tag. Happykeys does a comparative analysis of top 5 residential destinations to help prospective home buyers to make an informed decision.

Here are the top most choices in terms of livability index, locality, connectivity, civic infrastructure and property prices.

#1. Indirapuram:

Indirapuram has emerged as the most expensive residential locality of Ghaziabad as per the Price Tracker Report by Happykeys.com. Undoubtedly, this locality is planned and more organised as compared to other residential localities. This locality offers multiple choice of multi-storied apartments and posh buildings. Average property cost recorded here in the last quarter was to the tune of Rs 5,300 per sq ft. The housing demand here is driven by working professionals who prefer living here due to smooth connectivity with Noida and Delhi. Presently, metro connectivity is up to its neighboring Vaishali but it has been stretched to Indirapuram linking the area with Greater Noida, Noida city centre and Rajiv Chowk. This is likely to be operational in 2017. The locality houses eight shopping malls.

#2. Raj Nagar Extension:

Raj Nagar Extension in Ghaziabad is fast emerging as a budget locality hub in Delhi-NCR, with thousands of families already moving in as the social infrastructure continues to improve. “In the last three years, Raj Nagar Extension has shifted its focus from being an affordable housing zone to premium lifestyle township offering everything — from residential apartments, schools, healthcare centres to shopping malls. This transformation has been noticed by investors and end users. It must be noted that the property value appreciation is comparatively highest here as compared to other regions” says Gaurav Gupta, general secretary, CREDAI Raj Nagar Extension.

#3. Crossing Republik:

Crossing Republik is situated next to Indirapuram and is considered a key micro-market of the NCR. The localities here have become well established residential hubs that have drawn the attention of buyer and investors interest. According to Bipin Chandra, a resident of Republik, “Crossing Republik is established and more developed residential area as it is one  of the first planned township in Delhi NCR developed in 2006”. A two bedroom apartment in the area ranges between Rs 42 – 59 lakh. A three bedroom home will cost upwards of Rs 60 lakh.

#4. Vaishali:

Another expensive locality in Ghaziabad is Vaishali which commands an average property rate of Rs. 6,000 per sq ft approximately. The real estate market here has been luring new home buyers and investors with ample options promising high ROI in future. The localities lying along the metro corridor have already registered steep rise in their capital values. Property rates and rental values are increasing due to its proximity to Indirapuram, Noida and Greater Noida.

#5. Kaushambi:

The USP of this locality is its connectivity via the Delhi metro, which extends to Ghaziabad and Anand Vihar. The two national highways – NH-24 and NH-58 pass through this locality. Kaushambi offers good mix of residential societies, malls and multiplexes promising a good life and transportation facilities. The prices of apartments are, however,  comparatively affordable as 1BHK apartments cost around Rs 15 lakh, two bedroom homes come at around Rs 60-65 lakh and 3 BHKs are priced upwards of Rs 1.1 crore.

Sachin Verma from DPR infrastructure explains that localities in this area were once old developments and also considered distant from Delhi. Developed and upcoming infrastructure has clearly demarcated the old areas from new ones. In the last few years these localities have seen tremendous growth in terms of real estate. These localities are now greener, safer and more organised than other locations of NCR circuits.

Due to its proximity to Delhi and connectivity advantages, these localities have emerged as key real estate destination in NCR,” says Mohit Srivastava, a real estate broker.

Top 5 Real Estate Developers in Bengaluru

Top 5 Real Estate Developers in Bengaluru

The real estate market of Bengaluru is driven by the establishment of several IT companies, advent of new metro and smooth infrastructure in the city.

Bengaluru real estate market has good supply of residential as well as commercial property which gains high prominence among the new home buyers and investors across the country. Major top and reputed realty developers and builders of India have a presence in the city. The end users and real estate investors have high expectations from this market. Realty experts say that the housing prices will appreciate significantly in near future because it is a fast developing city. There are many Special Economy Zone (SEZs) in the suburb like Varthur Hobli, Kundalahalli Village, Begur Hobli and Anekal Taluk that contributing in the vibrant market of the city. Six out of nine Namma metro lines have become functional this year. These are the main reasons why property prices have been increasing in Bengaluru. Presence of good educational institutions in the city attracts large number of students from other parts of the country every year. This has led to the greater demand of rental accommodation, hostel and paying guest apartments. To cater this rising demand, developers have been constructing new residential projects in the city.

happykyes lists the top 5 real estate developers in Bengaluru. These realty players have ranked top on the basis of number of new launches, units sold and project delivered.

Top 5 Real Estate Developers in Bengaluru

Prestige Group

(30 years of experience, Total projects – 124, ongoing projects – 57)

Prestige Group is one of the major realty player of the Bengaluru city. The venture came into existence in the year of 1986. The group is owned by Mr. Razack Sattar. The company has been honored with FIABCI award for excellence in providing top residential facilities and developing technology enabled projects. The realty firm also rank top in the list with highest number of units sold from January 2016 to June 2016. The builder has completed 184 projects and in addition to this, they have another 57 ongoing projects in the city. Residential projects lined up in the city include Prestige Song of the South, North Point Kalyan Nagar, and Déjà vu in Frazer Town etc.

Brigade Group

(30 years of experience, Total Projects – 76, ongoing projects – 37)

Brigade Group has been in the real estate development for the past three decades established in the year of 1986. The builder headquartered in Bengaluru is one of the South India leading construction company. The group is owned by Mr. P.V. Maiya. The company is operational in several cities in South India.

Top residential projects delivered by company till date include Brigade Cosmopolis in Whitefield, Bangalore comprising of 12 blocks of 2 and 4 BHK apartments with sizes ranging from 1,250 sq. ft. to 3,720 sq. ft., Brigade Wisteria in Kanakapura Road, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,010 sq. ft. to 1,430 sq. ft., Brigade Omega in Subramanyapura, Bangalore comprising of 2, 3 and 4 BHK apartments with sizes ranging from 1,320 sq. ft. to 2,990 sq. ft.

Godrej Properties Limited

(26 years of experience, Total projects – 51, ongoing projects – 49)

Godrej Properties limited is a leading realty developer which is a part of the distinguished Group. Established in the year 1990, Godrej properties have gained expertise in constructing residential and commercial infrastructure. It is a first real estate company to have ISO certification in building construction. The company is owned by Mr. Adi Godrej, Chairman of the Godrej Group.

Top residential projects delivered by company till date include Godrej E-City in Electronic City Phase 1, Bangalore offering 1, 2 and 3 BHK apartments, Godrej Gold County Near Peenya Industrial Area,Bangalore comprising of 4 and 5 BHK apartments, Godrej United in Mahadevapura, Bangalore offering 1 -4 BHK apartments with sizes ranging from 613 – 2956 sqft. etc.

Puravankara Projects Ltd.

(41 years of Experience, Total Project – 51, ongoing projects- 24)

Established in the year of 1975, Puravankara Projects Ltd. is a reputed construction company in country involved in the development of both residential and commercial properties. The company is owned by Jackbastian K. Nazareth. Provident housing Limited, which is a wholly owned subsidiary of Puravankara that offers affordable housing solutions to buyers.

Top residential projects delivered by company till date include Purva Scarlet Terraces in Kanakapura Road, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,339 sq. ft. to 1,841 sq. ft., Purva Whitehall in Sarjapur Road, Bangalore comprising 3 and 4 BHK apartments with sizes ranging from 1,867 sq. ft. to 2,445 sq. ft., Rising City in Electronic City, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 650 sq. ft. to 1,250 sq. ft.

Sobha Limited

(21 years of Experience, Total Projects – 117, ongoing projects 47)

Established in the year of 1995, Sobha Limited is among the giant construction company in India. The company headquartered in Bangalore, having residential as well as commercial projects spread over 13 states and 24 cities. The company mainly focuses on construction of residential projects includes luxury and super luxury apartments, villas, row houses and plotted development.

Top residential projects delivered by company till date include Sobha Dream Acres in Balagere, Bangalore comprising of 1 and 2 BHK apartments with sizes ranging from 645 sq. ft. 1,205 sq. ft., Silicon Oasis in Electronic City, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,365 sq. ft. 1,537 sq. ft.

Golf Course Extn Road

Golf Course Extn Road : Gurugram’s upcoming residential address

Development of finest civic infrastructure, smooth connectivity good supply of office spaces and slew of new residential projects is drawing end- users and investors. Happykeys examines the locality prospects.

According to Residential Investment Advisory Report 2016 released by real estate consultancy Knight Frank, Golf Course Extension Road is an emerging real estate hub that has the potential to offer the highest price appreciation in the NCR region in next five years.

Golf Course Extension Road is encircled by many well established sectors of Gurugram. Prominent areas such as Phase I, Phase IV and Phase V make this locality popular choice for residential and commercial property.  If you observe the property price trends of this area for last five years, it has risen by 49.23 per cent (Rs 6,500 per sq ft in 2011 to Rs 9,700 per sq ft.in July 2016). This has increased the demand for open plots in the Golf Course Extension Road.

Good connectivity

In terms of connectivity, the Golf Course Extension Road is six-lane that connects to Gurugram via Golf Course Road and Sohna Road. The same road also offers connectivity to the Indira Gandhi International Road. The new railway station is located at a distance of 37 km only. The Rapid Metro Rail Ltd. will be stretched from Sikandarpur to sector 55 and sector 56 along the Golf Course Extension Road. Excellent connectivity and convenience is attracting new home buyers and investors, and this has led to launch of new residential and commercial projects in the area.

High potential for price appreciation

Golf Course Extension Road’s strategic and prominent location makes it a great investment destination for investors.  The price of apartments on Golf Course Extension Road ranges from Rs 6,800 – Rs 9,700 per sq ft. The average price here is Rs 8,200 per sq ft.

Experts say residential projects here is ideal for investment. Apart from offering enormous social infrastructure, the locality has many for end users. The Delhi Metro Rail Corporation is also stretching its yellow line which currently from Jahangir Puri till Huda City Centre and Manesar. The proposed extension will bring this area in direct touch with large part of NCR. The area along the metro corridor is likely to see high-level price appreciation in near future.

Property experts avers that the growing commercial hub in the vicinity will have cascading impact on residential demand in the area and this would be big boon for developers.

 Residential projects to invest

Golf Course Extension Road houses many residential apartments which are in their different phase of construction. Many renowned real estate developers are constructing projects in this locality. DLF has many ongoing projects in this locality such as Pinnacle, Magnolias, Aralias, the Icon and the Belaire.

 

knowledge-park-5

Knowledge Park V: A realty hotspot in Gr Noida

Knowledge Park is a stupendous township in Greater Noida that has amassed great attention from new home buyers as well as investors.

When it comes to educational hubs in the NCR,  Greater Noida’s Knowledge Park proves to be an excellent spot. The locality is well known for housing some of the premier engineering, management and medical institutes.

Paving the way for new education center in National Capital Region, the locality is known for ideal mixed-use property destination and offers best residential cum commercial investment options too. Freeways such as Yamuna Expressway, Noida-Greater Noida Expressway provides the better connectivity to Noida and its adjoining areas. The satellite town further segregates into sub-areas namely knowledge Park II, Knowledge Park III, Knowledge Park IV and Knowledge V.

Happykeys looks into the factors that really make Knowledge Park a realty segment

Well- planned sub-city

Greater Noida itself is one of the best organised residential regions of NCR, planned according to latest layout of Urban Master Plan. The Knowledge Park V, being the prominent part of this massive township, has well-developed social infrastructure which includes an excellent network of road, water supply, sewerage, drainage and many infra developments. The GNIDA – an autonomous authority has developed the almost all key infrastructure before handing over the land to private builder for residential or commercial development.

Excellent connectivity

The locality avails finest road connectivity that connects major parts of Delhi, Noida, Ghaziabad and Faridabad. Delhi is easily accessible from Knowledge Park V via main road and direct flyway.

Presently, Botanical Garden Metro station is the nearest metro link to Knowledge Park. The proposed 30 km metro rail extension from Noida to Greater Noida is underway. According to Pranav Sharma, MD, IBL Consultant, “The NMRC (Noida metro rail corporation) has proposed 20 metro stations on the route that include Sector 50, 51, 78,  81, 83, 101, 137, 143, 147, 144, 153 and 149 in Noida and Knowledge Park II, Pari Chowk, Alpha 1, Alpha 2, Delta, Knowledge Park IV and Bodaki in Greater Noida. This project is expected to complete by 2017”.

Such developments boost the potential to offer high returns on investment”, adds Sharma.

Educational hubs

The presence of good educational institutions is yet another growth driver behind the development of Knowledge park V. Gautam Buddha University, Noida International University, IEC college of Engineering, GNIT college of Management, Galgotias and Sharda University are some of the institutions of the good repute.

Still an affordable market in the NCR

While the property prices have increased significantly in the adjacent areas like Delhi, Gurgaon and Noida; still the residential markets of Greater Noida and Noida Extension regions remain affordable locations. Here, residential units priced at Rs. 3,500 – 5,500 per sqft approximately.

Situated amidst commercial and industrial hub

Knowledge Park V is located amidst the hottest business spot of the NCR region. Some of the noted companies such as Moser Baer India Ltd, Habitech Cyber Studios, ST Microelectronics are located in the vicinity.