Hike in Prices of Bangalore Residential Properties

With the implementation of the new guidance values, the prices of Bangalore real estate are expected to shoot up. This has worried builders and buyers equally well. With the new guidance rules, the prices of houses and villas have already escalated in several localities like Sarjapur and K R Puram. This has directly effected the number of sales. The purchases in such areas have dwindled. As per market analysis, there has been a hike of about 20% in the ongoing construction projects, thus further alleviating the woes of common buyers.

The capital market for property in Bangalore has gained momentum within the first quarter of 2013. Seeing the way the demand for real estate is intensifying, the prices are multiplying like never before. As per the market analysis, the capital rates can see a swelling of 10-100% in the coming months. This shall definitely go in favor of the investors (both local and NRIs), and the government authorities. With the demand treading an upswing road, the city is going to see a plentiful of new registrations. And with these, the government is all slated to rake in mullahs: the estimated revenue collected from stamp duty, cess, and other taxes is estimated to garner about 6500 crores!.

Till now, the capital value of residential properties in Bangalore was lowest if compared to that of Delhi, Mumbai, Hyderabad, and Chennai. But as per the present trends, the situation has changed. Some of the localities that are witnessing a huge price appreciation form part of South and Central Bangalore: Electronic City, Kanakapura, Uttarhalli, JP Nagar, and Jaya Nagar in South & Frazer Town, Cox Town, and Sagarpur in Cenral region are a few examples in this regard. In Central Bangalore itself, the price per sq ft (psf) is highest: Rs. 9272/- in the month of August. Those who are eying for apartments for sale in Bangalore in these localities, must know that a price appreciation of 25% has taken place over past one year. In the Easter region, psf value has got an appreciation of about 3%, while in North, a 6% hike has been noticed in the first quarter of 2013.

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Hike in Prices of Bangalore Residential Properties

The Demand Burgeoning for Apartments in Real Estate Hyderabad

As per CRISIL report, the city of Hyderabad is expected to come out of its long-term stagnation in the realty market. It has also predicted that the real estate shall grow at a fast rate in the city, given that the Telangana issue has been resolved. As per its report, the city has been envisioned to see a growth rate of 6-7% this year. As per the market analysis, the city has registered a 14% appreciation in prices in the first quarter itself. With things going reasonably good, the interest of buyers in making purchase for flats in Hyderabad is burgeoning month after month. Some of the prestigious projects have been set afloat: luxury project by Goldman Sachs has already attracted several bidders.

In Kondapur, yet another IT hub, the real estate market has proliferated quiet well. Till now, buying property here could cost you too high, but, the first quarter witnessed a slump, thus slashing the prices and garnering the interest of the end-users. In the month of August, the psf rate of Rs. 3326/- has been recorded, which is almost the same as the areas like Gachibowli, Kukatpally, and Miyapur. The other localities that have imparted a boost to properties for sale in Hyderabad include Attapur, Bachupalli, Begumpet, Gachibowli, KPHB Colony, L.B.Nagar, Madhapur, Manikonda, Nizampet, and Tellapur.

Kukatpally, a major residential hub of Hyderabad is strategically located near HiTech city. It is conveniently placed near suburbs like Allwyn Colony, KPHB, Miyapur, and Izzat Nagar. The presence of commercial market, transport facilities, and IT corridors is running parallel to the investor sentiments who want to go in for buying apartments in Hyderabad. An escalation of about 10% has been noticed from last 12 months in Kukatpally.

The realty market is doing pretty well, especially in localities like Gachibowli, Miyapur, Kondapur, Kukatpally, Uppal, KPHB Colony, Nizampet, and Begumpet, to name a few. Miyapur alone saw an appreciation of 18% over past 12 months. The psf (per square feet) value here in the month of August stood at Rs. 3066/-. The locality is coming with several up-scale projects. Its connectivity to Gachibowli and Kompally via ring roads make the place easily accessible. The area's contribution to Hyderabad real estate has been immense. Aided with good infrastructure, industrially developed units, and IT parks, Miyapur is witnessing a tremendous realty market.

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The seeker of rented apartments in Chennai, the IT nerve center, have bellyful of options. No matter, in whatever part of the city you are looking for a rental property, you have plenty of options. Start your search after being sure of your budget and the locality you prefer to live in. While the landlords are always sitting to make a fool out of you and charge more rent, you, being a tenant, must make thorough investigation of the ongoing rates. Never hesitate to query from the local inhabitants about the rental rates and the condition of civic amenities in the preferred area. Once you are done with testing the waters, only then you should take the plunge.

Nungambakkkam and Kilpauk in the central region have rental houses that are apt for high-earning income group. The typical flats for rent in Chennai in these localities come at higher rates with respect to other areas of the central region. A 2 BHK at Nungambakkam carries a rental rate around 35-40k. Same is the case with Kilpauk and Chetpet. At Aminjikarai, Arumbakkam, and Choolaimedu, the rates are cheaper and fall within the reach of middle-class tenants.

A house for rent in Chennai in the southern region is available anywhere between Rs. 4.5k and 7 lacs. A 1000 sq. ft, 2 BHK flat in localities like Padur, Besant Nagar, and Saidapet can be hired at the monthly renal range of 20-35k. Generally, as a tenant, you also need to pay the deposit, which, in the above two cases, can be go up to 1-2 lac. For more affordable options, search houses in Kumaranchavadi, Urapakkam, Tambaram, Selaiyur, and Kelambakkam: expect a budget between 7-12k in these localities. Adambakkam, Kovilambakkam, Thoraipakkam, and Situseri Sipcot IT Park offer affordable rental apartments to the tenants: somewhere around 11k-16k.

Towards the North, leaving aside Anna Nagar, where a 2 BHK rental apartment would cost you around 30-35k, the other areas have reasonable prices. Go for Aynavaram, Korttur, Avadi, and Ambattur, if you are on a hunt for property in Chennai at not-so-hefty rates: 10-15k per month. The rental rates in Chennai are on rise. In the past one year alone, the rates have appreciated by approximately 4-6%. This seems to be a positive trend for owners who intend to rent out their properties.

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The Upscale Rent Houses in Bangalore: Options are Many

Top-class infrastructure, high industrial development, and good scope of employment render Bangalore the status of an avant-grade city. It is highly favored by the professional class, most of which have relocated from the other states. For them, rental properties offer a good option settlement, even for a short period of time. Also, the low-income group of the city prefers to live in rental spaces, rather than buying houses of their own. To tell the truth, the demand for residential properties in Bangalore are going pretty high.

The inflation rate of the economy effects the housing property rates profoundly. Accordingly, the rental rates also increase. A 3 BHK plush condominium in Bangalore can cost you as high as 1-2 lacs. As the interest rates on properties are raised per annum, the rental prices keep on escalating year after year. Also, escalation in construction costs raises the rents. Flats for rent in Bangalore real estate come at different rates; depending upon the factors like locality, state of furnishing, and amenities offered, prices can vary appreciably. Take for example, Whitefield and CV Raman Nagar. A 3 BHK independent house/villa in Whitefield has an approximate rent of Rs. 90,000/month while the same is available at much lower price of 17K in CV Raman Nagar.

For the processional class, who earn salaries in six figures, can afford to spend good money for a rent house in Bangalore. For them, localities rendered with good amenities like furnished interiors, gymnasiums, private pools are most preferable. The tenants can look out for such flats in Whitefield, B.T.M Nagar, Bannerghatta Road, Sarjapur Road, R.T Nagar, J.P. Nagar, Electronic City, and Marthalli. A 3 BHK, at most of these localities, has rentals ranging anywhere between 22-45k. For budget tenants, it is good to look for the unfurnished accommodations. The lower rental also calls for lower deposit amount, thus not pressing too hard on one's purse.

The rental market in the city is showing improvement, after a lapse of 2-3 years. The prices are appreciating steadily and this is good for land-owners and investors who eye good returns out of their investments. It will more efficient for getting a suitable house in Bangalore city.

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Why buy Bangalore Flats at Tumkur Road?

When it comes to buying a residential property in Bangalore, Whitefield, Jayanagar, and Electronic City come as the obvious choices, especially for IT professionals. But with the high-end infrastructural developments taking place over Tumkur Road, the buyers have now another fish to fry. More and more Bangalore flats are now springing up in Tumkur area The apartments here come at affordable rates and have the strategic advantage of having excellent connectivity.

Over the years, some of the top-class developers including Sobha, Brigade, and Prestige have ventured into developing state-of-the-art luxury houses in this area. Sobha developers' projects like Aspire, Habitech, and Forest View have already grabbed the attention of some long-term investors. Till now, 15-20 residential projects have made their way over Tumkur road. With the proposed relocation of Peenya Industrial Area to this location has further escalated the demands for apartments in Bangalore.

The much-awaited Bangalore-Mumbai Industrial Corridor(BMIC) in this area is expected to see the metamorphosis of Tumkur's residential and commercial development. It shall boost the socio-economic demographic of the area. The buyers of Bangalore real estate are going to benefit by the upcoming large industrial units like Reliance and ITC. Another feather to the cap of the Tumkur's infrastructural development is 111 km-long Bangalore-Mysore Infrastructure Corridor. As it is brought into actualization, it will reinforce residential, commercial, and industrial development in the area on a very large scale.

The much-awaited Bangalore-Mumbai Industrial Corridor(BMIC) in this area is expected to see the metamorphosis of Tumkur's residential and commercial development. With the availability of affordable housing, more long-term users are expected to buy property here. Another shot in the arm for the residential projects is expected to come from the proposed Metro Rail initiative. This shall beef up the connectivity of the area to other localities. Another thrust shall come in the form of Peripheral Ring Road, a link connecting Tumkur and Hosur Roads. The link shall bring into picture the intelligent transportation for the residents of property in Bangalore.

The expectations at Tumkur are high, in terms of real estate development. People from upper -middle and middle-class segments are showing interest into buying property here. With the availability of affordable housing, more long-term users are expected to buy property here.

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Hyderabad Real Estate is all set to burgeon

From past 2-3 years, the Hyderabad real estate had been standing cornered from the rest of the property market. The uncertainties after the creation of a separate state of Telangana stood in its way, preventing it from flapping its wings. But given that the state is now created, all the guesswork has become a thing of past. If the present trends are taken into account, the property market in the city has already left its bottom-rung position and is all geared up to come out of from the shadow of undervaluation.
The way this city is recuperating from its past stagnation shows that there are several factors that are helping it out in doing so. Given that it has fine infrastructural development, excellent connectivity, and huge scope for employment, the real estate is bound to upsurge in the years to come. A 14% appreciation in price rates over past 12 months is a clear indication that the housing market is on an upswing now. And how to forget the ever-burgeoning IT industry that has contributed immensely to the recovery process? Given that the city provides a huge base to the IT-based companies, property in Hyderabad, both commercial and residential, is witnessing a rising demand.

At present, the residential property is highly undervalued in the city, making it a good option for the home buyers. A 3 BHK apartments in Hyderabad in localities like Uppal and Alwal can be purchased at around Rs. 40 lakhs. In chic areas like Gachibowli and Hi-Tech city, a 2 BHK flat is available within the price range of 37-40 lakhs. In Kukatpally, the same can be expected at lower prices: somewhere around 20 lakhs. The prices are, however, quiet high in posh localities like Jubilee Hills and Banjara Hills: going in crores!

The Hyderabad real estate has many economical options for the land/plot buyers too. In Shad Nagar, a 250 sq. Yd land is available between 2-4 lakhs, while in Bibi Nagar, it costs a little higher: 4-7 lakhs. Both the places stand out as good options for budget buyers. In Kollur, contrastingly, the land rate is exorbitant, it being between 60 lakhs-1.2 crores, and even higher. These soaring land rates can see a further escalation of 15-20% in the coming years, thus promising a lucrative offer to long-term investors.

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What a Tenant Must Know While Locating a Rent house in Chennai?

Locating a rental property in a metropolitan city like Chennai is not that easy. Let me give you an example: a friend of mine was going to give an interview in Mumbai. He never bothered to make any inquiries for the accommodation where he would be staying. When the D-day came, he packed his bags and got into the train that he had reserved. No perplexities till then...When he alighted at Borivali, he had no idea where to go. He ranged a numbers of a few PGs (thankfully he had them atleast!) All booked! So, he spent 2 weeks in a lodge, paying a good sum every single day before he found out a space to live at. He ended up in a rickety house, paying Rs. 8000/- for it. What I am trying to say is that if he had inquired beforehand, he would not have faced such a situation. For those who are looking for a rent house in Chennai, it is good if you know the subtleties of the things involved.

As a tenant, you must have a clear idea of what money you can spend per month for the rental property you are hiring. The rental houses are mostly preferred by those who, like my friend, have relocated from other states and have no idea of how the things work here. You may end up getting duped by the landlord, paying more per month in lieu of what you get in return. Before booking a house for rent in Chennai, get to know the current rates prevalent in the locality.

Look for the amenities that the rental property is equipped with. Discuss beforehand with your landlord the cost involved in the total rent you pay. Sometimes, the water and the electricity bills are included in the rent itself, but many owners prefer to keep these two separate. Ask for the bill papers from the last few months. See if the locality you are going to live in has decent connectivity to schools, colleges, hospitals, offices etc. Amenities in the form of parking lots, playgrounds, ATM, hotels, shopping malls must also be taken into consideration during your hunt for property in Chennai.

Another thing that you can't afford to ignore while looking for a rent house in Chennai is scrutinizing your rent agreement before signing it. Read each and every condition listed on it. Make sure that it is indeed a legal document, issued by a licensed authority. Also get to know if the property is on freehold or leasehold. It is better to leave out those houses the lease of which is soon to expire.

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Locating a Rent House in Hyderabad: The Available Options

Living in a rental property has become a norm these days: with metropolitan cities offering bait in terms of money and secured future, more and more people have took to living on rent these days. The number of people living in a rent house in Hyderabad, Bangalore, and Chennai form a lion's share of their total population. They are either low on income or have drifted to these cities in search of job. Places like Banjara Hills, Jubilee Hills, and Hi-tech City in Hyderabad attract big crowds every year. With such a high demand for rent/lease properties, the prices too are soaring like anything.

In past 12 months, the price of a house for rent in Hyderabad has seen an appreciation of more than 10%. The median price/ sq. ft for the city in the month of August is Rs. 3106. In individual localities, the % inflation is even higher. Look at Hi-tech City: the rental rate got appreciated by 29% here, with psf standing at Rs. 4131. In Miyapur, the % increase has come out to be 17, as seen over the same period. The other localities like Gachibowli, Kondapur, Banjara Hills, Jubilee Hills, and Srinagar Coloney too have pretty high tariffs for rented apartments. A 2 BHK rental property in Banjara Hills can cost you around Rs. 30,000/month. As these areas are highly populated with professional class, who earn 6-figure salaries, paying huge rentals isn't a big problem for them.

But there are people who thrive on modest incomes. For them, it becomes necessary to locate an affordable rent house in Hyderabad real estate. At Manikonda, the rates are not that high: a 2 BHK is available anywhere between 10-14k. At Nallakunta, the rental prices are even lower, starting at 6k or something like that. Berrumguda, Dilsukh Nagar, Nagole, and Mehdipatnam are a few other economical options. Bowanpally, D.D. Colony, Amarpreet, Rajender Nagar, and Attapur Ring Road too have rental properties that suit the budget of a user from middle-class segment.

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Rent House in Chennai: Tidbits Related to Price Rates

Chennai is largely inhabited by a population that has relocated from neighboring states in search of jobs. This chunk prefers to live in rental residences; such houses being affordable and flexible to these users are well-liked. Locating a house for rent in Chennai is not too big a deal; a little bit of research work can prove handy in doing so. We have gathered a few tidbits of city's rental residences; this shall give you an idea of how things are faring there.

For economical options, go for Sriperambudur and Avadi. Here a monthly rental as low as 4-8k can be expected for a two room flat. For such lower rates, the facilities available won't be up-to-the-mark, or even below average. If price is not an issue, you can hunt an apartment for rent in Chennai in Central Business District(CBD). But then, the prices too are very high in these localities: at Adyar, it can vary between 22-30k, while a similar property at Alwarpet, T. Nagar, and Anna Nagar can be hired at a rate ranging between 20-25k. Most of the apartments in the CBD region are well-furnished and are equipped with good infrastructure.

A 2 BHK apartments in Chennai, specially in the southern part, is available within the price range 8-16k. While in localities like Chrompet and Urapakkam, you can look for flats that have rental range between 8 to 10k, while at Semmancherry, Tambaram, and Medavakkam, a two room flat shall be available at a slightly higher price rate: 10-14k. At Sholiganallur, the prices are still higher, with rent going as high as 16k. At present, properties in Chennai tends the demand-supply ratio in the city is facing a lopsidedness, thanks to high prices and lower demand. Once the balance seeps in, the rental rates shall too fall in place.

At Medavakkam, though the cost is average, but the possibilities of future employment generation are somewhat bleak. In that case, locating a rent house in Chennai in localities like Oragadam and Sriperambudur would be better option. But, on the flip side, these two places fare poor in terms of proximity to the commercial infrastructure.

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Property In Bangalore: Holding Good Future for Investors

Buying a real estate in Bangalore has always been the subject of interest, thanks to the advancement in infrastructure and the burst of IT-based companies there over many decades. As in other metropolitan cities, the price rates in this city too are expected undergo a good appreciation this year.

With the upcoming PRR (Peripheral Ring Road) project, there is good possibility of new launches of apartments in Bangalore. The existing townships around the PRR area are expected to gain price hikes. This 65 km project between Sarjapur and Tumkur has caught the attention of several leading builders, who are all set to launch housing complexes and commercial SEZs here.

A buyer looking for flats for sale in Bangalore can choose locality as per the ongoing rates. For example, an end-user eying for a 2-BHK within the 30-70 lakhs can go for localities like Electronic City, Whitefield, Tumkur Road, and Outer Ring Road. In Electronic city, for example, the price rate per sq. ft in the month of July was Rs. 3238, while anyone looking an apartment in Whitefield can buy at a similar rate of 3533/ sq. ft. At Gachibowli, it stands at Rs. 3700, at Kondapur, Rs. 3234, while at HiTec city, it stands at Rs 3872.

Regarding the average price rate for properties in Bangalore, there has been an increase of about 6% over last one year. With the predictions going on the positive side, several international businesses have decided to launch their projects here. Qatar Investment Authority's decision to invest a whopping $300 million in city's real estate is a good news. With more projects in pipeline, it is obvious that flats for sale in Bangalore shall reap profits for investors, in the future to come.

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What is in Store for Property in Hyderabad Post 'T' Move?

Amidst hot debates going for and against the creation of a separate state, Telangana was created. And this has done something really positive to the real estate scenario of Andhra Pradesh. The truth is that the real estate in Hyderabad is beefing all the way up and this trend has been seen after a long hiatus. Awaken from slumber after a gap of several years, the state is attracting both local users and global investors to. As the city is going to remain the capital for 10 years, the investors are no longer wavering to buy property here. The plans that were already launched but got halted due to the ongoing slump can now see light of the day.

The demand for property in already residentially-rich suburbs like Jubilee Hills and Banjara Road has increased. As the rates are still not very high, the end-user appears to be keen on buying flats in these areas. The demand for apartments in Hyderabad areas like Miyapur, HiTec City, Electronic City, and Chandan Nagar are also rising sharply. The creation of new state has impacted positively the Seemandhra cities including Tirupati, Vishakhapatnam, and Vijaywada.

With the creation of this 29th state, the probability of inflow of population reaching out to Hyderabad for jobs has increased. As this influx is happening, the demand for commercial property has also got a boost. The political uncertainties having all gone, the unused inventories and vacant house for sale in Hyderabad are expected to be filled soon. At present, there are about 33000 unused inventories; when these get filled, the imbalance in demand-supply ratio shall get corrected.

In addition to finding houses in the above posh localities, the buyers of property in Hyderabad can also look forward to more affordable options like Dilsukhnagar, Bowenpally, Attapur, A.S. Rao Nagar, and Gajularamaram. The average price per square feet in these areas range between Rs. 2000-3000/ sq. ft. while at Kondapur and Kukatpally, the prices of flats vary between Rs. 3400-3700. At localities like Vizag and Guntur, the residential plots and apartments are popping out gradually for catering to the rising demand.
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Beware of Scams while Buying Bangalore Property

Before you buy a property in world's top 10 entrepreneurial cities, Bangalore, you must know what's what of things. In the recent years, the city has been seen embroiled in several land scams and flimflams. So, if you are eying deals on Bangalore flats, it would be better to get into the nutty-gritty of everything related to your 'would-be' purchase.
The plots within the city must be registered with BDA (Bangalore Development Authority). But what the defrauders do is make false claim for having got the approval. This can mislead the buyers and they may embroil themselves in a legally precarious situation. It would be wise to see the rubber-stamped papers issued from BDA before you proceed any further with the purchase of house in Bangalore.
Double dealing is one thing that the buyers usually fall prey to. There have been the cases when a house was sold to more than party. The NRI investors are the worst sufferers in such cases, as they cannot visit the plot themselves. Before you take the claims of a dealer of land being sold to you to be true, do visit the site first. Do scrutiny; make inquiries of the land from the concerned authorities.
Before agreeing to pay any money for buying flats in Bangalore, check the previous record of the developer/dealer and ask him to present the approved layout plan. Some of the dealers may dupe by selling land belonging to the government-notified areas: these are reserved by the government exclusively for future developmental plans, but the agents in the city can hoodwink by selling these to you. They get their money and you get caught in the never-ending legal ballets. You may also be buying a property that is an encroached in the BDA land. So, be well-informed of the things.
The 3000-crore land scam of HMT in January this year involved illegal selling of land to several builders. The land was sold at amazingly lower price rates, as compared to the actual prices. And on the lines of same, the number of scam deals related to Bangalore real estate has been huge.
Keep your eyes and ears all open before your put your signatures on any paper. Never skip any TOC (Terms of Condition): read them all. Look for the name of the owner whose property you are buying.
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Hyderabad Property: Apartments Undergoing Price Escalation

With the green signal given to Telangana for statehood, all the negative speculations regarding real estate in Hyderabad seemed to have taken a back seat. The trends are expected to go in favor for the investors into property this year. As the city now would be a part of the new state, there is a high potential regarding job opportunities, which, in turn, would influence the launching of new projects and thus, bring about an escalation in demand for Hyderabad real estate.

The land rates in the city are expected to soar appreciably. This is expected in the peripheral areas like Outer Ring Road where developers are already taking interest in initiating residential and commercial spaces, in the years to come. On the same lines, the apartments for sale in Hyderabad are expected to garner an increase in price rate by 200-300/ sq. feet. For villas too, the picture seems to be rosy: as the supply is less, their prices are going to rise. Then come the plotted developments: these saw a steep rise in rates last year, and this year too, they are expected to follow the same suit. A few budgeted villas have sprung up in the areas covering north and south corridors.

Considering the last two months of April and June, areas like Guchibowli and Bachupalli saw an increase in price rate by 10-15%. Guchibowli has already acquired the status of being the most preferred location for the buyers looking out for house for sale in Hyderabad. In the first quarter only, Hi Tech city witnessed even a much higher growth rate of 29%. Talking of the city as a whole and considering a span of last 12 months, the per square feet value got a raise of about 16%. On the contrast, areas like Kondhapur and Kompally have witnessed a slight decrease in values.

The rates are exorbitant in Benjara Hills where the current per sq. feet (psf) value in July, 2013 stands at Rs. 6183. It is interesting to note that this locality gained such a bump only in late February this year. Prior to that, value was somewhere around Rs. 1030/sq. feet. For upper class buyers, who are seeking Hyderabad property in plush locations, Benjara Hills is a good option. Its swanky hotels, top-class malls, commercial buildings and closeness to MMTS station add the much-expected glamor. The presence of International Airport at Shamshabad, the surrounding areas are expecting the price rises.

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Opulent Housing in Bangalore at Sobha Aspire and Forest View

Sobha developers, operating in city of Bangalore, is into the real estate projects that cater to the housing needs of buyers from elite and upper-class segment of society. Sobha Elite, one of the avant-grade project situated off Kankapura Road in South Bangalore, targets the buyers looking for 2 and 3 BHK luxury apartments. Tucked in the vicinity of a dense jungle, the project comprises of top-of-the class residential properties. This endeavor by Sobha Developers, a renowned developer in South India, is expected to be ready for occupation by January, 2015. The lovely landscape here meets the extravagance and you can enjoy the best of both.

Sobha Forest View in Bangalore comprises of houses that range between 1400 and 2300 sq. ft and available at prices starting from Rs. 4795/ sq ft. These properties near Kankapura have been modeled to offer all the modern conveniences and amenities that can be expected of a luxury residence and a good locality. In addition to the abundant greenery, you are just a distance away from tennis & badminton courts, Palm Grove, pool decks, gazebo, crèches, halls, and amphitheaters. Spend leisurely time at Holiday Village, Jyothi Aquatic Center, and Art of Living Center. Add to these the other facilities like ATM, rainwater harvesting, sewage disposal, to name a few. Connectivity to the Forest View flats is excellent as prime locations like Electronic City, Jayanagar and Rajrajeshwari Nagar are not very far.

Another prestigious project that offers 2 & 3 BHKs with all the lavishness poured over is Sobha Aspire at Tumkur Road in Bangalore. Ready to be possessed by March, 2014, the flats are sprawled over 20 acres and constructed within the area configuration lying between 1196/ sq. ft. and 1459/ sq. ft. For recreation and gaming, there are plenty of options in the form of gym, Volley ball court, aerobics, skating rink, Club House, pools, Cricket pitch, children's area, baseball, table tennis, and indoor gaming.

Sobha Aspire flats can be purchased with the starting price Rs. 4125/ sq. ft. Being situated over Tumkur, Aspire is nicely connected to Metro Rail Station, Jalahalli Cross, and Peripheral Ring Road. Educational institutes like Kendriya Vidyalaya, Indian Institute of Science, and National Institute of Design are at convenient distances from here. Then, there are many well-known hospitals nearby: Columbia Asia, Ramaiah Hospital, and Jindal Nature Care. This project at South Bangalore saw its completion recently and the flats are now available for booking.

India's fastest growing property website, Makaan.com, is a portal dedicated to the housing needs of the buyers from all classes. Here, rooms, independent houses, villas, plots, shopping complexes, offices, warehouses, rentals etc. can be searched online. The properties from leading developers and land owners are on display and can be chosen as per need and budget.

Property in Chennai: The Twin Localities Favorable for Investment

Conflagration caused by the hike in Chennai properties is attributed to it being a major IT hub, with boom in major projects in the coming years. And talk of the town are two of its localities where the interest in investment is scaling new heights. The maximum demand for property is going high in the localities, Medavakkam and Pallikaranai. The parts of South Chennai, both these places can be seen as the “next-big-things” on the map of real estate in India.

 The strategic location of Pallikarnai attributes the expected appreciation of prices a few yaers from now. It is well-connected to other important localities like OMR. By 2017, the prices are likely to see a rise of amazing 93%!! Though the last 12 months have seen a price rate that was relatively stable, the rate is expected to rise more. So, the buyers who are going to buy apartments in Chennai, this locality can be one of the best choices, among others. Here, the price per sq. feet in the month of July, 2013 stood at about 4382 per sq ft. ,which is a little below the price rate in the July last year: Rs. 4392 per sq ft.

 On the same lines, in Medavakkam, the property prices are expected to soar to double of the present rate in 5 years, thus making the locality a lucrative choice for theinvestors. Let's explore the price rate scenario here prevailing from the past one year. The figure of RS. 3704 per sq ft in July, 2012 got a sharp decline in August, with the rate of property being 2475 per sq ft. This continued till September, but after that, a staggering rise to 4451 per sq ft and the relative stability after that made Medavakkam a much sought after spot for investing in property in Chennai.

The southern and western parts of city are particularly favorable for flats for sale in Chennai. And their contribution to the real estate is the largest, as compared to other regions. The demand is maximum for 3 BHK units that contribute to about 40% of the total demand for the residential houses. The connectivity to monorail and Outer Ring Road has given the much-desired push to the real estate here. In the years to come, it is expected that the demand will come at par with the supply of the units, with more requirements coming for office space.

At Makaan.com, India's fastetest growing property website, you can search small and big properties available in the major cities around the country. Choose the one that suits your requirements and meets budget.