Best Areas to Invest in Real Estate in Bangalore

The Silicon Valley of India, Bangalore, is growing at a rapid pace. The demographics, the superior lifestyle, the employment opportunities and the booming real estate market has attracted people from every corner of the country and state to buy flats for sale in Bangalore. The demand for luxury apartments near the IT zones and parks is also on the rise. Buying homes in Bangalore is lucrative as buyers enjoy elevated lifestyles and also own assets in some of India’s best cities. The IT hub of India is a preferred destination when it comes to buying apartments.

Top 5 Locations for Good Future Returns in Real Estate

There are several residential projects in Bangalore that you must check out if you are interested in finding a good place to stay. If you are thinking hard on where to invest, you can take a closer look at the top 5 locations that offer good future returns: 

Hennur: This is one of the most lavish and posh locations of Northern Bangalore which is witnessing huge demand for residential and commercial properties from prospective buyers. Investors prefer this location as Hennur enjoy close proximity to the international airport. You may find flats of various configurations here including 1 BHK, 2BHK and 3 BHK flats for sale in Bangalore. The price of property has gone up by almost 15% in the last 3 years in the city and the trend is expected to continue.

Indira Nagar: If you want to enjoy outstanding civic amenities and world class facilities, you must definitely go for Indira Nagar in Bangalore. Owing to the superior living conditions that the locality offers, Indira Nagar is counted as one of the prime residential locations of Bangalore. The region has recorded fabulous growth in investment value as it is surrounded by prime locations including Byappanahalli, Vimanapura, Ulsoor and many more. Other facilities like schools, colleges, shopping malls and financial institutions are also located close by.

Devanahalli: Devanahalli is an upcoming IT hub, which is sure to see tremendous growth. Devanahalli is just next to Whitefield when it comes to growth and development. Its chief attraction is the Devanahalli Business Park, the mega billion dollar establishment. It is great to learn that a financial center worth Rs. 1000 crores is also coming up soon. So, you may find 1BHK and 2 BHK flats in Devanahalli.

Sarjapur: The localities like Electronic City, Whitefield and Koramangala are developing rapidly and thus there is heady growth in the number of 2BHK flats. When you talk about economic and commercial growth, the named places are nerve centers in the realm of residential property development. Several builders are coming up with residential projects in Bangalore in the Sarjapur location which primarily cater to the affordable housing segment.

Banashankari: Banashankari in Bangalore is counted as posh locations as it offers an elevated lifestyle. You must consider investing in Banashankari as the value of property rises by 15% almost every year. Being the largest locality in Bangalore city, it is regarded as one of the best investment destinations in India itself.

Eastern Bangalore is also a hotspot in the Indian investment market. Sarjapur Road tops the list of best 5 locations to live in Bangalore. It is amazingly connected to the Outer Ring Road and key IT hubs like Electronic City and Whitefield alike.   

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Which is the Best Place to Buy Home in Bangalore Whitefield or Koramangala

Bangalore being a metropolitan city shines more with the industries including the software, hardware, electronics, healthcare, and all other companies. The professionals are occupying the different places as their residential property in Bangalore thus contributing the real estate development with the city.

An Overview: Whitefield

Whitefield is one of the most expensive residential localities in Bangalore. The software companies are accumulated as a destination point here in this locality. It is also called as IT hub. Numerous residential and commercial projects are started in the region that includes the apartments, flats for both sales and rents. The individuals seeking house either for rent or own can look for these regions. These regions serve as the region of interest for most of the people working in software since most of the IT companies are located near this region. Whitefield remains as the locality for connecting the professionals of various IT companies. The luxurious flats and apartments in Whitefield influence Bangalore real estate.

An Overview: Koramangala

Koramangala is the region among the Bangalore’s residential neighbourhoods. The area uses the several residential apartments. These areas have numerous shopping malls, restaurants and all other provisions. Forum Mall, one of the biggest shopping malls in South India is located in this region. This area remains as the central hub for proximity to the different roads and destinations such as Electronic city, Hosur Road, Intermediate Ring road, Airport Road and all other major places of the city. Everyone can get the buses at all time to different places in this region. This proximity had made comfortable to the resources for transportation. Flats in Koramangala are very affordable with the price as compared with the flats in Bangalore.

Comparison of Price

The price for the region Whitefield as specified earlier is higher and is most expensive when compared to other property in Bangalore. The prices are the highest in this region but they are reasonable, as most of the multinational companies are present in this region. The change in the price accounts for around 10 percentage every year that contributes the highest realty growth in property in Bangalore. Most of the professionals in software companies will own or rent the flats or apartments with their luxurious lifestyle. Bangalore real estate developers feel that the price changes in Whitefield with years for the properties are reasonable.

The price for the region Koramangala is moderate, reasonable, and not more expensive. The prices will be accountable as moderate, reasonable price when compared with other regions in Bangalore. The cost is very effective for the residents who are willing to stay near the destinations in Bangalore. The capital returns and the rental returns are also increasing with the years.

Thus, one can look for the house either rent or owning them with facilities at Koramangala in Bangalore rather than the house at the Whitefield. The house at Koramangala will be comfortable for the residents since they provide all the facilities, social infrastructure, presence of shopping malls, and proximity to all cities at affordable costs. 

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HIgher Demand of Ready to Move Apartments in Gurgaon

Gurgaon is one of the fastest growing regions in the entire NCR. The incredible growth that it has witnessed in recent years has turned Gurgaon into one of the most attractive business hubs in the north. It’s amazing residential and commercial projects have led to an increased investment in the residential properties. Moreover several well-known property developers are capitalising on Gurgaon’s growth to build world-class housing projects here. This has led to an increased investment in Gurgaon.

There are several reasons as to why investing in a flat in Gurgaon is one of the wisest decision you can take as an investor.  

• Favourable Investment: In recent times, Gurgaon has experienced promising investment growth due to its impressive infrastructure facilities.
• Infrastructure Growth: The infrastructure has been continuously developing with various builders, and well-known developers taking an interest in this region.
• Location Advantage: Due to various convenient transportation facilities, the location serves its residents very well.
• Special Economic Zones: SEZs are prioritised zones by the government where the emphasis is mainly on production. These SEZs in Gurgaon are attracting various MNCs

Furthermore, people looking to invest in Gurgaon are more inclined towards buying a ready-to-move-in flat rather than an under-construction one. Here are few of the reasons as to why investing in ready to move homes in Gurgaon is a smart choice.

Development: The development in Gurgaon is happening at a tremendous pace. Around 10,000 units are expected to be delivered by the end of 2017. A large number of people prefer to invest in ready to move flats as they feel secure about the investment. Among all the developments, the demand for ready-to-move-in flats has been growing at an astounding rate.  

Easy to Move-in: With a ready-to-move-in flat, you just need to get the documentation process completed and immediately move-in.

Saves Money:  In case you are living in a rented property, a ready-to-move-in flat will help you avoid paying rent and EMI for your new flat at the same time.

Earlier, people were fine with investing in an under-construction property. However, that is not the case anymore as they do not want to risk their investment. You can visit Bajaj Finserv Homes and Loans portal to check out different ready-to-move-in properties in Gurgaon. The Homes and Loans portal has over 25,000 property listings across India, provides onsite assistance, and also helps you with getting a loan to buy your new home.

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How Investing in Hyderabad can Benefit in the Future?

A house is a good asset to invest in. Investing in a housing property today can benefit you in the future.  But looking at the cost of real estate today, it can worry many. Investing in housing properties can be expensive, especially if you are planning to invest in a metro city. Metro cities have a lot to offer in terms of infrastructure and amenities and thus, property here is priced high as compared to other places.  

If you are looking to invest in a metro city but don’t have a huge amount to invest in, then Hyderabad is just the city for you. With a rich heritage of culture and offering a list of cuisines, the city of Nawabs has a lot to offer. Being the financial capital of Telangana, Hyderabad holds significance in the development of the state. There are many upcoming projects in Hyderabad where you can think of investing. 

Infrastructure in Hyderabad:

Before investing in a property in Hyderabad, it is essential that you take a look at all the infrastructural facilities provided by the city. The government has invested a huge sum in developing the infrastructure of Hyderabad. The city has a well-developed infrastructure considering the Hyderabad Metro and Nehru Outer Ring Road. Hyderabad has developed a lot after the development of these two. Besides this, the infrastructural improvement of the Shamshabad Airport is what has created more demand for the real estate property. These new infrastructural growths have helped people to reduce their travel time as well as increased the connectivity. 

Job Opportunities in Hyderabad:

Apart from the infrastructural development, the Indian government has also invested funds to create Special Economic Zone (SEZ) in Hyderabad. The SEZ has brought in many job opportunities for current residents as well as for new migrants. The government has invested around INR 1 lakh Crore on the development of SEZ in Gachibowli. The city has one of the booming IT sectors in the country, as well as many MNCs have entered Hyderabad after the creation of SEZ; this means the city has a lot of job opportunities to offer.

As the city has a lot to offer, investing in Hyderabad is a good way to park your funds. When it comes to real estate rates in metropolitan cities, they are usually priced high. But this is not the case with Hyderabad. You can avail affordable homes in Hyderabad, as the price of real estate here is a lot more economical. As the city is still growing, the housing properties in Hyderabad retails for a far less price; this is why one should look for investing in flats for sale in Hyderabad.

You can find budget homes in Hyderabad, which fits all pockets. From 1BHK to a luxurious flat, Hyderabad real estate has it all. As the city develops, the rate of these housing properties will increase in future. This means the flat you buy today, will be priced high in the coming future, which can thus gain you higher returns if you wish to sell it. Thus, you can benefit by investing in affordable hom

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Pimpri Chinchwad Municipal Corporation Offers Rebate for Cashless Tax Payments

PCMC is otherwise known as Pimpri Chinchwad Municipal Corporation. The Pimpri Chinchwad Municipal Corporation is the municipal corporation in the city of Pimpri-Chinchwad. The PCMC provides a lot of services to the people such as:

• Water Supply
• Public Health-Sewage & Drainage
• Solid Waste Management
• Road & Building Maintenance
• Licenses
• Electricity
• Birth & Death Registration
• Renting Municipal Property
• Miscellaneous Services
• Vaccination and Building Permission, etc. 

For all these services it has to maintain a huge staff also and being a municipal corporation it has got the authority to collect the tax from the public in different forms. 

The PCMC has also provided many schemes to its people for the collection of the tax in different ways as well. The property tax bills payments can be paid at PCMC. A taxpayer can pay a bill through cash at respective war office and by demand draft/ money order/ cheque that is to be drawn in favor of the Commissioner, PCMC, Pimpri, and Pune. The owners of the property in Pune must have to specify the property tax number and mobile number at the back of the cheque. 

The PCMC (Pimpri Chinchwad Municipal Corporation) is allowing the concession of five percent on general tax component of the property tax to the property holders paying their arrears and tax through cashless transactions. Dilip Gawde, chief of property tax and the joint commissioner, said that the property owners in the Pimpri Chinchwad city those who make the one-time payment of the property tax till in the month of June would get concession if they use the website and mobile app of the civic body to make the one-time payments.

A civic body permits concession on the general tax to five kinds of the property owners. It permits fifty percent concession on the general tax to the properties that belong to the freedom fighters/ ex-servicemen, properties registered in the name of the women and those applied in the name of the persons with forty percent disability. The (PCMC) Pimpri Chinchwad Municipal Corporation offers a concession of (five percent – ten percent) on the general tax respectively to the property owners those who make an advance payment of the property tax for the non-residential/ and residential/ mixed/ industrial properties.

The Pimpri-Chinchwad Municipal Corporation (PCMC) also provides the concession of (five percent to fifteen percent) on the general tax to the green construction certificate owners. The property owners of these groups must have to pay total property tax before of June month in the year 2017-2018. Gawde said that 1.66 lakh property holders were given concession amount to Rs 7.43 crores in the year 2016- 2017. Also, he said that the total of 44,381 property owners had paid the property tax of Rs. 40.90 crore till May 19. These includes 23,872 property owners those who paid property tax totaling of Rs. 22.94 crore. The (PCMC) Pimpri Chinchwad Municipal Corporation has collected the property tax of Rs. 80.97 lakh from 1298 property holders. 

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Area Profile of Boisar

Boisar is an industrial town located in Palghartaluka of Thane District. It is very close to Gujarat border and is situated around 80 km from Mumbai. Boisar West is a well-developed area when compared to Boisar East. Boisar is a gram panchayat and is likely to come under municipal council in future. Boisar-Tarapur Road in Boisar West and around Tata Housing Township in Boisar East is the two specific areas where residential development is being done. The new residential projects in Mumbai and mostly in Boisar are increasing as it is situated close to Mumbai.

Localities in Boisar

• Boisar town is developed with more than 15,000 industrial units and reputed companies like Tata Steel, JSW Steel, BARC, Tarapur Power Station lead the way for providing many job opportunities to Boisar and nearby adjoining areas.
• It has two huge industrial estates; Maharashtra Industrial Estate and Tarapur Industrial Estate.
• The Textile plants located here are Siyaram, Aceelene Suitings, Pantaloon and Dicitex Décor.
• It also has chemical manufacturing units like Ganesh Benzoplast and A.M. Todd Company.
• Lupin and Aarti Drugs are the bulk drug manufacturing units here.

Transportation

• To reach Boisar from Virar, Shuttle/MEMU trains are available.
• Bus facilities are present in this area to reach nearby areas of Palghar, Thane, Bhiwandi, and Wadala.

Shopping mall, health care, educational institutions, and multiplex provide the best infrastructure to the town. Among most of the congested townships in and around Mumbai, Boisar offers much cleaner, spacious, attractive and greener environment to the residents.

Real Estate Growth in Boisar

• Residential Area near Boisar Station is suitable for residents who need to get easy access to Mumbai.
• People who are working in Tarapur MIDC industrial estate prefer Boisar-Tarapur road for convenient living. This area is located very close to retail and shopping areas which is near the Boisar Railway Station.
• People who are working in Palghar-Boisar-Dahanu region prefer to buy residential properties in Mumbai near Boisar.
• The Employees of Tarapur Nuclear Plant are interested in buying properties on Boisar-Tarapur Road.
• Maharashtra Housing and Development Authority, via its Konkan Board are developing more plots for sale at low, high and average rates.
• Tata Housing’s entry with their township project triggered investors to invest in this region, according to Industry experts.
• Once Boisar was not considered as a real estate destination by investors but slowly the view changed because of the social infrastructure.
• Due to the availability of large tracts of land, on affordable prices, investors are attracted to invest in Boisar.
• Owing to the emerging development of infrastructure and due to the availability of huge industrial units, schools, hospitals, and shopping malls this area is considered as one of the best places to invest. The Real Estate in Thane is improving day by day because of its development in various factors it drives residents builders to buy/sell properties in Boisar.

Conclusion

Due to the presence of large industries, the residential property in this area is in huge demand. Vasai Road is now emerging as a hub for all economic activities and is easily accessible to Boisar. This makes Boisar an extremely valuable area. Residents who prefer to have a safe and serene environment can invest their money in Boisar.

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Area Profile of Anand Bagh

Anand Bagh is a residential locality in Secunderabad situated 14.3 kms (35 minutes drive) off the city of Hyderabad. The town of Anand Bagh is a key locality in the area. Being situated so close to major industrial areas of Secunderabad, Malkajgiri and Hyderabad, Anand Bagh shows good prospect for real estate and infrastructural development projects. The area is of great importance to people looking for house in Hyderabad.

Real Estate 

Being blessed with such a prime location and the right conditions for development, Anand Bagh is a prime choice for those who seek residential property here or are looking for new residential projects in Hyderabad. Since the past few years, it has attracted loads of residential and commercial projects. This area is the first choice for many who do not manage to find a decent area within the limits of Hyderabad. With all these in consideration, Anand Bagh is a potential site for development with respect to housing and real estate.

Economic and Financial Prospects for Investors

From a realtors’ perspective, Anand Bagh holds a lot of potentials. Recent trends and emergence of cities like Hyderabad and Secunderabad as major cities and industrial hubs, the area in and around Anand Bagh has a lot to offer to project developers and builders. Builders planning a project in the area can very well expect handsome returns in the very near future.

Factors Promoting Growth 

• Location and Accessibility

Anand Bagh is located 14.3 kms off the North-East of Hyderabad, which is a mere 35 minutes drive. It is located at Secunderabad at just 6 kms away from the centre. The Malkajgiri Railway Station is just a kilometer away from Anand Bagh while the Secunderabad Railway Station is 7.3 kms away. The area is very well accessible by road, as it connects to various national highways. The Rajiv Gandhi International Airport, Hyderabad is about 20 kms away.

• Local Facilities

Anand Bagh having such a prime location also boasts of the presence of certain amenities mostly within a stone’s throw distance. There are several schools, bank branches, malls and hospitals in very close proximity offering all the basic amenities.

Schools in the area include Mercy Model School, Sri Saraswathi Vidyalaya, St. Little Theresa's High School and Nalanda High School among many.

The R-900 and Big C shopping centres along with City Centre Secunderabad ensure the steady supply of basic amenities.

Anand Bagh also has a Government Hospital, Anand Bagh Superspeciality Hospital, ADR Hospital and SSS Hospital to deliver proper health care.

• Lifestyle

Localities in and around Anand Bagh are based on a cosmopolitan culture. Being an industrially rich and developing area, the lifestyle around this place is modern and constantly changing.

• Financial Convenience

Several small to medium range flats, as well as large complexes or housings offering various 1 BHK, 2 BHK or 3 BHK flats in Hyderabad, cater to the needs of all classes of buyers. The area is extremely hospitable to anyone looking for city property, new residential projects in city. The prices vary from Rs. 2100 per sq. ft. to Rs. 5800 per sq. ft. Many popular residential projects are also offering homes at affordable rates.

• Future Prospects

Anand Bagh being located so close to the IT hubs and other industrial regions of Secunderabad, Malkajgiri and Hyderabad, shows vast potential for extensive development in the coming years. The place, illustrating such potential is drawing many builders and realtors towards itself and in the future it will emerge as one of the prime areas for residence in Hyderabad.

Conclusion

At present, Anand Bagh is an area brimming with the potential of being one of the key industrial and residential areas of India. It is beyond doubt a prime destination in Hyderabad for anyone willing to own city property within the new residential projects in city. That being said, the property and rental prices might steadily rise in future.

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Real Estate Developers are Seeing GST as a Boon

Real estate developers and constructors in India have accepted the implementation of Goods and Services Tax (GST). They say that GST will improve the broken tax system and help create an integrated market. The Indian Government had already made it clear that leasing of land and renting and EMIs paid for buying of under construction houses and any kind of property in Mumbai, Delhi or any other part of country will be under the ambit of GST. Though the sale of land and buildings will not be included under GST but these kinds of transactions will attract stamp duty.

Mr. Ravish Kapoor, Director, Elan Group said that “GST exists for the growth of real estate sectors. GST will make business more smooth and transparent and more investments will flow into the sector”.

M3M Group also said that the real estate sector account for about 5% of the whole country’s GDP and is said to be the second largest employer. The Fiscal Policy makes a challenge indeed for the real estate developer. One such bottleneck is to multiply tax discounts such as VAT, service tax, excise duties, registration fees etc. GST is expected to add to about 2 percent of India’s GDP with economic growth and the demand for real estate getting a boost. But there are some issues, which have already been highlighted by various companies and GST council should take a note.

Omaxe Ltd, CEO, Mr. Mohit Goel says that Lok Sabha has passed 4 bills related to GST and the roads should be cleared for its implementation in July. It is a single most important indirect tax system to be implemented by the country till date. The tax system of the country will be simpler after the implementation of GST and bring about a boost in the economy of the nation. He also added that their firm is hopeful that its positive effect on the overall economy will also help the growth of real estate sector in the longer run. The Pune Property owners will also benefit from it.  

The implementation of the GST is effective from July 2017.

Under the present tax regime different states impose separate discounts as goods move across the country. Truck drivers spent more idle time at the interstate borders in filling forms and awaiting inspections. Small and medium sized companies want to grow and become national companies, but they have to deal with this administrative burden. Thus GST will improve the present stagnant conditions of the sector in the country.

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Why is South Mumbai Preferred by Expats?

There is a certain energy and exhilaration associated with the city of Mumbai that is supposed to be the entertainment and above all, the financial capital of India. People from all parts of India dream of coming to Mumbai and settle here for a prospective future. Mumbai is therefore a heaven of habitats for almost every single stratum of the society. However, there are certa in areas of Mumbai that are known to be extremely extravagant and posh, having a certain elegance quotient entwined with  them and therefore, such places are always sought after by the celebrities and other rich and renowned people of Mumbai. In the context of residential properties in Mumbai, one such region is SoBo or South Mumbai.

Nothing can Beat South Mumbai

 

From the perspective of real estate Mumbai, South Mumbai or ‘SoBo’ (derived from erstwhile South Bombay) is a preferred place of accommodation for the upper echelons of the society. This is one of the most costly zones of Mumbai that has got some of the most luxurious lifestyle-based housing destinations solely designed to suit the sophistication of the elite class of the Indian society. Some of the places in the South Mumbai region are Cuffe Parade, Nepean Sea Road, Peddar Road, Colaba, Nariman Point, Malabar Hill, Marine Lines, Tardeo, etc. and they are famous for their escalating property rates that can only be afforded by the elite classes of the society. 

This place in spite of being one of the oldest zones of Mumbai is still one of the most modern and trendiest areas as well. It comprises of the downtown area of Mumbai and sits at the heart of trade and commerce of the city. In fact, it can also be said that this area not only holds an importance in terms of Mumbai real estate but also throughout India and globally as well in terms of its business and cultural importance.

Style of South Mumbai

As already mentioned earlier, South Mumbai is said to house some of the best localities of Mumbai. In fact, apart from the residential complexes, villas, bungalows and high rises, there are several museums, art galleries, bars, marvelous restaurants, luxury retail shops such as Armani, Zegna, Hermes and of course the biggest attraction in the form of the Gateway of India as well. Therefore, it goes without saying that when it comes to real estate Mumbai, this place is one of the most magnificent zones that contains several tourist attractions as well. What’s more, South Mumbai’s property rates are always soaring as per the market fluctuations and these are almost at par with those of Manhattan in the United States of America. This is the reason why this place tops the list for wealthy expats and celebrities who are ready to spend a considerable amount of money in order to purchase a property in the South Mumbai or SoBo region.

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Top Area to Invest in Property in Pune

Pune is on its way to becoming one of the top metropolitan cities in the country. With development projects like provision of metro railway and international airport being planned in Pune, it is likely to have a tremendous boost in the real estate market as well. However, the main reason for the boost in the real estate market will come from the increase in the Information Technology sector in the city.

Real Estate in Pune

With more and more people moving in the city, the main city areas have become congested and the little amount of residential real estate left have very high demand. It is not only very difficult for people to find available housing in the main city, but with the amount of demand, property owners have increased the costs of rent. It is not different for property developers as well, as they also increase the costs of the residential properties in Pune which are available for sale. With this problem, real estate developers have decided to bring the residents to the peripheries of the city, not only to provide more housing but to decongest the city a little bit as well.

Suburbs in Pune

Many people now prefer to buy properties in the suburbs of Pune. While some of them are first-time home buyers, many of them just want to have a second home as an investment as with Rs. 40 lakhs, one can easily purchase a decent home in the suburbs as compared to the Crores of money it would cost to buy new apartments in Pune. The best thing about the suburbs in Pune is that it is far enough from the city to have a peaceful life but it is also near enough for the residents to commute to the city. These suburbs also come with the latest facilities and amenities as well with localities like Ranjangaon and Shikhapur to be satellite towns in the near future. The connectivity for the suburbs in Pune are also under development and in the next few years, there will be no problem while commuting to the city.

Benefits of Suburban Area in Pune

As mentioned before, the best thing about the suburban area of Pune is the affordability of the homes there. As compared to the flats in Pune city, the homes in the periphery of Pune will also be much safer for children as well, as they will be able to play outside, which is a rare thing in the big city. These affordable homes in Pune will also be great for young people to live in as well as they will be able to afford the homes here. And with the development of the connectivity to these suburbs, there will be no problem, such as traffic and lack of transportation, to go and come back from the city. 

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