Promising Future for Investors Putting their Money on Properties in Bangalore

The existing townships around the Peripheral Ring Road area are expected to undergo price escalation, in the months to come. Qatar Investment Authority' has decided to invest a considerable $300 million in city's real estate and that is a good news for realty market in the city

Real estate Bangalore has always been a topic of discussion among realty pundits, thanks to the stronghold on infrastructure and the boom of IT sector in past few decades. Like in other metros, the capital rates have undergone a good escalation this year too. The percentage hike in properties is anywhere between 10-100%. With the arrival of new guidance values for residential and commercial values, the prices are expected to tread an upward path. Investors who are looking for long-term returns can rake in mullah with the appreciated property prices

Apartments for sale in Bangalore can be chosen in different localities as per the current rates going on in each one of them. For instance, a buyer eying a two-room apartment in the price range 30-70 lakhs can make a choice among the localities like Tumkur Road, Electronic City, Whitefield, and Outer Ring Road. In Electronic city, the psf (price per square feet) rate in July stood at Rs. 3238/- while a buyer searching in Whitefield, can make a purchase at a similar rate of 3533/ sq. ft. At Gachibowli, the rate is little higher at Rs.3700/ sq. ft.; at Kondapur, it is Rs. 3234/ sq. ft., while at Hi-tec City, it is around Rs 3872/sq. ft.

With the upcoming Peripheral Ring Road( PRR) project, there is a good chance that there will be too many new launches of Bangalore apartments. The existing towns located around this area are expected to gain good price escalations. The 65-km Sarjapur- Tumkur project has already turned several heads, specially of those developers, who are all geared to set housing complexes and commercial SEZs in the nearby areas. This line shall be covering the plush localities including Marathahalli, Hebbal, Kengeri, Gokula, Madiwala, JP Nagar and BTM Layout. The rates of apartments in these particular localities are expected to rise considerably.

For an average psf rate for a properties in Bangalore, there has been an escalation of about 6% in past 12 months. As the predictions are largely on the positive side of the graph, a plentiful of international companies are on their road to afloat new projects here. Qatar Investment Authority's decision that it would invest a large sum of $300 million in city's realty market is a good news. As there are many more projects in pipeline, it is clear that apartments apartments for sale in Bangalore shall bring profits for investors, in the months to come.

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Localities in South Bangalore where Flats are Available Below 40 lacs

What is the prime criteria that makes a property buyer say 'yes' or 'no' to it? For most of us, it is all about the affordability. Isn't it? Bangalore has remained an economical option for too long, as the realty prices haven't shown much flickering here from many years. For those buyers who are on the look-out of residential space in South Bangalore, there are a plenteous of options. Let's see what are the localities in this region where you can find living spaces in the range 5-40 lacs. Even in the high-end colonies like Koramangla and JP Nagar, one can expect flats in this range. Let's discuss a bit more.

Electronic City, a locality that speaks volumes about the progress made in IT sector, offers properties starting from 6 lacs (with an average 450/sq. ft. rate). The other localities where you can find sustainable prices include Berkai, Anekal, Atibele, Hosur, Bommasandra, Chandrapura, Jigani, HSR Layout, Sarjapura Road, and Mysore Road. At all of these, one can avail flats in Bangalore with rates beginning anywhere below 10 lacs and psf(per square feet) rate centered around 450/-. The localities where prices begin in 10-15 lacs range are Bannerghata Road, Begur Road, Uttarahalli, and Off Hosur Road. The average rate of flats in most of these areas is anywhere between Rs. 1200-2300/sq. ft.

The next layer comprises of flats that have the beginning price-rates in 15-20 lacs range. Such flats are available for buying in Vijaya Bank, Anjanapura, Bannerghatta, Off Bannerghatta, Silk Road. Yehalanka. and the psf rate centered around an average value of 3100/ sq. ft. Bellandur and Off Sarjapur Road are the localaities where Bangalore real estate flats can be purchased at a price as low as 20-25 lacs and above. For 25-40 lacs range, look for apartments in BTM Layout, Hosar Kerahalli, Arekere, Nayan Danahalli, Koramangala, Rajrajeshwarnagar, ISRO Layout, and Nayandanahalli options.

The real estate portal, Makaan.com lets you search properties online. Look for flats in Bangalore in different price segments, and present in different localities. Keep yourself informed of the Bangalore real estate prices and psf rates.

Bangalore Real Estate: Scaling All New Heights

As the recession is now taking a back seat, high expectations are pining on real estate Bangalore, in the time to come. The rates are believed to see an upward scale and towards the end of 2013, the rates of the properties can appreciate anywhere between 50-100%. The property valuations as currently done by the authorities and according to their reports, the market can see hike in price rates. As the prices would escalate, they would be greater chances that more revenue would come into their pockets. A value of 6000 crore has been set by the government as its target, in terms of revenue collection from registration and stamp duties, as are imposed levied on the new properties. The upsurge of the realty market can also be seen from the fact that a large number of new projects have been floated by builders and developers.

If the market predictions are to be believed, this is just the apt time for investing into residential apartments for sale in Bangalore. The prices have escalated and so have the number of new constructions. KR Puram, JP Nagar. Whitefield, Electronic City, and Jayanagar are the main localities that have witnessed a considerable growth in development of new properties. In addition to this, buyers' interest is also scaling a path upwards. As the number of absorptions increased this year, a rise in buyers' interest in making purchases also underwent escalation. The rest of the year is also expected to fare well in terms of absorption rate. If that happens, the imbalance between demand and supply shall get corrected. This shall make the prices fall back to their lesser values.

The psf (per square feet) rate in Bangalore Real estate has witnessed an upsurge. Take, for example, the psf value in August last year. It stood at a value of Rs. 3351/-. The value, this August, got appreciated to Rs. 3541/-. Till now, the highest psf value has been noticed in May, 2013, when the rate stood at Rs.3887/-.

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Residential Properties Faring Differently in Different Parts of Bangalore

Whenever RBI tries to control inflation, both builders and buyers have their spine-chilling moments. Buyers because they become apprehensive of paying more for a house, and developers because they frighten from fall in demand. But the recent measures taken by RBI did not shocked Bangalore's developers much; they are quite sure that the demand for properties in the city shall continue steadily. One of the reasons could be this: the real estate prices in the city are still lower than that of other tier-1 cities like Delhi and Mumbai.

The prices of residential properties in Bangalore increased manifold in the southern region. The reasons are all clear. The demand for real estate in southern and eastern localities like Koramangala, Hosur, Bannerghatta, Hebbal, Sarjapur, and Electronic city are witness to price accretion. The high demand in these localities can be the reason for the same. In most of the South Bangalore, the focus of the developers is on premium projects, as buyers, here, are more inclined to make luxury purchases. So, the construction of villas, row houses, and condos is going on in full swing there. As the demand never ceases to go down in these particular areas, the developers always have the reason to escalate the rates. In past 2 years, the average capital rate has increased by about 10%.

 

Contrarily, Bangalore real estate, as a whole, has witnessed a slowdown this year. The demand for houses has seen a decline in rest of the city. The situation of oversupply, akin to other metros, has bogging down the developers. As of now, our of about 1 lac residential houses, as large as 60,000, are still unsold. This has, in turn, led to price correction in many colonies. So, a buyer interested in making a purchase can reap benefits from the current scenario.

Makaan.com, a leading name in real estate websites, allows buyers to locate 1, 2, 3 BHK property in Bangalore and other cities. Serach for apartments for sale in Bangalore and locate that suits within your price-bracket.

Investors Pinning their Hopes on Properties in Bangalore

Whenever the property rates depreciate, it becomes a time for putting iron in the fire, for users at least. Bangalore, the electronic city, has undergone a slump of about 1% and the rates in individual localities too have deflated. What could be the possible reason behind this? Do we need to even mention that? The turbulence that the Indian economy has found itself embroiled in, has played wrongly with a buyer's sentiments. Their interests in making a purchase in the light of the current scenario is on a wane. Bangalore, a city where the prices were already stagnant from many years, is seen as a windfall for buyers and investors. In the hope that the rates would eventually rise here, the investors are taking the present situation as a good opportunity.

The interest of both medium as well as high-term investors for a house in Bangalore has augmented: The city being a hot-spit IT hub, has played a major role in aggrandizing the investors' likening to put their money in. In fact, the city has been the nerve center for investors from neighboring states too, who anticipate that the rates would eventually rise in the city, getting them huge returns in long run. Then there are NRI's (both from South India and others) who have invested colossal $200 million in the realty market. It is not only the residential market that they have eyed on, many have given their stamps on land parcels worth crores too.

 

It is the wherewithal of the city's real estate market that like big names like Jumabhoy from Singapore have invested a whopping money on luxurious villas in Whitefield. Their project named, Raffles Park, shall develop 61 residential properties in Bangalore that would cater to the ultra-modern needs of the elite segment. This project, worth 350 crores, shall be a big push to the city's realty market. T

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Real Estate Chennai Witnesses Gravitating Prices

While the entire Indian economy is handcuffed in the chains of inflation, and when the realty market is is pushing back the buyers instead of pulling them in, Chennai is also not left out. This year has seen the city's property market go besotted under the influence of rapidly increasing prices, inflation, and the financial crisis. The result is all before us. The demand for the residential properties has all sinked and sagged. Like other metros, the number of inventories lying vacant is in thousands. Add to it, the high interest rates that have marred the interest of a buyer into making a purchase.

Chennai real estate, in light of the above scenario, is facing a bad phase. Under the combined influence of all the above factors, the prices have now started stumbling. Just as a bubble bursts on getting overfilled, the rates too have started slumping down, though in bits and parts. About 3% fall in prices has been witnessed in the prices of all type of residential houses. The peripheral regions, i.e. ORR(Outer Ring Road), built to meet the growing demand for property, had seen the rates gone almost triples in previous months. But there too, a fall of 30-40% has been seen. The developers, however, have started weaving false stories to bamboozle their buyers. They are not willing to recognize that the rates have indeed fallen, and it is high time that bubble should burst.

ORR, a transport corridor, built to provide connectivity among NH 45, NH 4, NH 205, and NH 5, has seen a hike in demand for flats for sale in Chennai. This 62 km road is intended to offer better internetwork in localities lying around like Vandalur, Nemilicherry, GWT Road, Nazarathpeth, Minjur, Mudichur, and others. As the prices have rolled down, the demand at ORR and other peripheral localities is faring better than in other parts of the city.

Localities where prices have appreciated in the current quarter include Adyar, Ambathur, Chromepet, GST Road, Korathur, Kelabakkam, Madambakkam, Pallavaram. Porur, Seliyur, Siuseri, Perumbakkam, and Mogappair. On the other hand, the drop down has been witnessed at Navalur, Pallikaranai, Oragadam, Thoraipakkam, RA Puram, and Guduvancheri, giving the end-users an opportunity to make a buy. The time is also ripe for negotiating as developers are trying their hands to get rid o the vacant inventories. They have also come up with cash discount schemes and freebie offers for apartments on sale; one of their many marketing strategies.

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Different Price Brackets for a 2 BHK Property in Bangalore

While the other cities in India have submitted themselves to extortionate prices, and the real estate there is witnessing a slump, property in Bangalore is going all fit and fine. The realty growth, in the city, is going steadily upwards. The market is predicted to be fruitful for both the end-users as well as investors, who are eying on long-term investments in this electronic city. The prices, as per current scenario, are seeing good appreciation, that will pave the way for assured returns. A few localities where prices have escalated in the quarter Jul-Sept are Bannerghatta Road, C.V. Raman, Cokes Town, Frazer Town, Hebbal, Hosur Road, JP Nagar, K R Puram, Kalyan Nagar, Kasturi Nagar, Mathekere, and Old Airport Road.

The residential properties in Bangalore cater to all the segments of society;be it budget buyers or elite segment of the society, the city has something for everyone. Some of the localities that have seen an upsurge in rates in the localities like Thanisandra Road, Hennur Road, Bannerghatta Road, Marathalli, and Whitefield and areas around ORR(Outer Ring Road). Some of the major developers like Zuari, Infraworld India, and GR Construction have floated new projects in the city.

As far as the prices are concerned, there are a plethora of options available. For a 2 BHK house below 10 lac range, the localities like Whitefield, Munnekalolu, and Atibelle are the best options. For higher range, i.e. from 10 lacs and 20 lacs, a buyer can look for localities like Whitefield, Atibele, Electronic City, Begur Road, Hosur Road, Bannerghatta Road, Off Magadi Road, Mysore Road, Vidharanyapuram, Bera Kai, Silk Road, Vidyamagar can be the good choices. For those who are on the look out for Bangalore property for higher rates, the residential properties in Hebbal, HSR Layout, Koeramangla, Jayanagar, Banaswadi, RT Nagar, Yelahanka, ISRO Layout, and Horamvu are the most sought-after options. In most of these areas, the rates for a 2 BHK can go as high as 1 crore or above.

Though the overall situation is fine, yet there are several areas in Bangalore where price rates have depreciated in the current quarter. A few examples of such localities are Begur Road, Gottigere, Hoodi Village, Jalhalli, Koramnagla, Thanisandra, Silk Board, and areas around off Tumkur Road. The buyers have made good use of the opportunity, and this has led to an appreciation in the demand in these areas. This can be seen in the increase in the number of sales.

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Price for a House for Rent Still Undervalued in Hyderabad

It seems that Hyderabad has been hogging all the limelight as far as the creation of a new state in Andhra Pradesh is concerned. Now and then, it continues to remain in news for something related to property. Earlier it was all about Telnagana and how its creation would affect the realty market, and now the city is witnessing protests and blackouts to oppose the move. The capital rates, in spite of all these, have started seeing an upsurge. But the thing is that these rates are still undervalued if compared to other metropolitan cities of India. And the rental rates too have not shown much appreciation over years.

Hyderabad real estate is proliferating in the areas surrounding Old Ring Road, which shall form an inter-network among different localities. The construction of Hyderabad Metro has also raised the demand for properties. The seekers of rental houses can gain from this undervalued realty market. Though the rates per month have appreciated in several areas, yet they are lower in terms of price rates, if compared to other cities. Even the prime localities like Gachibowli, Begumpet, Jubilee Hills, and Banjara Hills have low rental rates, if compared to some posh colonies of Delhi or Mumbai.

Let's consider the rental rates for several localities in the current scenario. If one is on the look-out for a rent house in Hyderabad, say in localities like APPA Junction and Kothapet, he can get a 2 BHK flat on a monthly rental falling between 4k and 10k. These form part of Greater Hyderabad. In the city itself, the 2 BHK properties with rentals below 10k can be looked out in Dilsukhnagar, Kukatpally, Moti Nagar, Himayath Nagar, D.D.Colony, Vidya Nagar, Sai Murthi Nagar, Vamasthali Puram, Tolichowki, Madinaguda, Yapral, and Attapur Ring Road. For higher rentals, between 10k and 25k, look for houses in Madhapur, Begumpet, Indira Nagar, Hafeezpet, Kondapur, Vidya Nagar, Ameerpet, Puppalguda, and Sri Nagar Colony. Jubilee Hills and Banjara Hills, the twin localities known for their prominence in IT industry, have high rental rates; a two room apartment can cost a tenant 35-40 k per month.

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Bangalore Properties: Price Trends for a Single Room House for Rent

There is no dearth of demand for rental house in Bangalore, thanks to the efficient infrastructure, fair commutation facilities, and a well-established IT sector. The northern, southern and eastern parts of the city have a plethora of single-room rental properties. In terms of prices, there are too many options, though the rates are almost the same in different regions.

A house for rent in Bangalore in the city center is available between the range 4k-12k. The most preferred localities in this part are Frazer Town, Cox Town, and Indiranagar. While the monthly rentals in the later two are somewhere around 3-4k. In Frazer Town, an 800 sq. ft. ,single-room BHK can be hired at around 12-15k, along with a deposit of one lakh. Then we come to West Chennai,where the tenants would be able to get hold of affordable properties. The rates in localities like Vijay Nagar, Basaveshwaranagar, Madalpalya, RPC Layout lie between 5k and 8k, though the lesser prices too in these areas are also available.

The real estate Bangalore in West, North, and South has flourished well in terms of rental properties. The eastern region, where there are fully-developed localities like C.V. Raman, Marathahalli, GM Palaya, Doddanakunte, and KR Puram, the rental rates for a 1 BHK varies anywhere between 5k and 13k. A 600 sq. ft. ,single-room flat at Kundanahalli can cost you around 12-13k. The low-cost localities are Rammurthi, AECS, Whitefield, Old Airport Road, and Kodihalli.

Major localities of South including Jayanagar, Koramangla, Giri Nagar, Padmanabha, BTM Layoiut, Atibele, JP Nagar, and Electronic City. In this particular region , the demand for a house for rent in Bangalore is pretty high: most of the areas have a strong foothold over IT and industrial sector. Depending upon a particular locality, the range can go anywhere between 4k and 15k, though these values are flexible.

The Current Price Trends in North and South Chennai Property

The prices of Chennai real estate in South region is facing a mismatch between demand and supply, the reason being high appreciation of prices here. As a result, a huge pile-up of inventories is giving the developers sleepless nights. But the situation is not that bad in the North part; the demand and supply are still in sync in this region.

Though North has also witnessed the appreciation of prices in the current quarter, there is an active demand for flats for sale in Chennai. This has made a cover for the present set of inventories. A boost in real estate has also been witnessed in peripheral regions of the city. The prices in localities like Anna Nagar, Mogappair, Kolathur, Ayanambakkam, and Korttur have escalated too much. A 2 BHK flat in Anna Nagar or Mogappair can cost a buyer up to crores, though the less pricey options are also available. In localities like Thirumullaivoyal, Thiruvika Nagar, Ambattur, Villivakkam, Thiruvakkadu, Madhavaram, Avadi, and Ayyapakkam, a two-room apartment can be bought in the range 20-60 lacs.

At OMR(Old Mahabalipuram Road), a South Chennai property, has a lot to offer to buyers from all the segments. The buyers seeking a 2 BHK flat here can opt for anything lying between the broad price range of 15 lac-1 crore. Areas like Pallikaranai, Poonamallee, Porur, Kelampakkam, Kodambakkam, and Medvakkam have apartments with purchase value up to 60-70 lacs. The budget localities include Selaiyur, Ayapakkam, GST, Navalur, Maraimalai Nagar, Semmenchery, Perumbakkam, Guduvancheri, Sriperumbudur, Sembakkam, and Kovilambakkam. A 2 BHK flat at Maraimalai Nagar and GST can be purchased at around 13 lacs. For the seekers of 20-30 lacs range, two room flats are available in localities like Navalur,Semmenchery, Guduvancheri, Perumbakkam, Kattupakkam, Ayapakkam, Kovilambakkam, and Sriperumududur.

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Real Estate Giving Good Performance in Hyderabad

As soon as the creation of Telangana started reverberating the land of Andhra Pradesh, the market became loud with the speculations of several kinds. While some stated that property market shall see a further plummeting, others were quiet optimistic about it. Post-Telangana created a problem in cities like Ongle, where the land transactions came to a grinding halt. But the real estate in Hyderabad continued to perform well. The demand for properties in this city has seen an appreciation, and it is all geared-up to do so, in the later quarter of 2013.

Let's make a note of the localities in Hyderabad that have seen price appreciation in the quarter April-June, 2013. Apartments for sale in Hyderabad that are located in areas like Begumpet, Attapur, Gachibowli, Madhapur, KBHB Colony, Miyapur, Manikonda, Bowenpally, and Nizampet, the realty rates have got an appreciation between 5-10%. The escalation rates ranging between 1-4% has been recorded in localities including, Bachupally, Hi-tech City, Hydernagar, Kukatpally, LB Nagar, Sainikpuri, Somajiguda, and Sanat Nagar. There are still several localities where a depreciation of capital rates has been witnessed during the same quarter: Ameerpet, Kompaly, Kondapur, Sainikpuri, and Saket. Padamrao Nagar is a locality where the rate for flats in Hyderabad have seen an appreciable decrease of 17%.

The average price per square feet of the properties is high in areas like Banjara Hills, Sanatnagar, Somajiguda, Begumpet, Hafeezpet, Hitech City. The comparatively lower rates can be expected in localities like A S Rao Nagar, Attapur, Bachupalli, Chandanagar, Kompally, Dilsukhnagar, Malkajgiri, Nizampet, Uppal, and several others.

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Infrastructural Developments Intend to Raise the Sale of Flats in Bangalore

Pick any real estate newspaper or go through some real estate website. On all of these, you shall find one thing common: a column dedicated to price rates, and in most of the cases, the prices are skyrocketing. Be it Delhi, Chennai, Gurgaon, or Mumbai, the realty prices have crossed all the possible limits. But as far as Bangalore properties is concerned, the reverse is true, at least the present scanario says so. The supply-demand ratio, that is going awry in most of the cites, is in proportion in Bangalore, thanks to the good consumption rate. The realty market is performing so well that its contribution to the overall GDP of the state has surpassed all other sectors.

The way city's infrastructural developments are about to change the face of the city is worth applauding. And these top-notch projects have become the rational behind buying apartments in Bangalore. Bangalore International Airport, the premium project, caught the fancy of both buyers as well as investors. Several integrated townships have sprung up in the vicinity. When the project comes to its completion, the area shall see a splurge of commercial properties like shops, malls, restaurants, and hotels.

The 1000-km Mumbai-Bangalore Industrial Corridor carries huge expectations in terms of Bangalore real estate market. The corridor shall open new vistas for colossal land parcels and integrated townships. Some of the projects have already been floated in localities surrounding Tumkur Road. Another premium project in line is Brigade Gateway Project. Encompassing an area of 40 acres, the gateway shall provide Grade A residential properties, especially focused on providing lavish lifestyle. Flats in Bangalore in the Gateway project shall benefit by better roads, luxury apartments, and excellent infrastructure.

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Chennai Properties Performing Well in the Current Quarter

The stupendous development that Chennai properties have made in last few years have resulted in marked improvement in realty market of the city. The strong presence of IT sector, along with the fast- pace infrastructural development are the reasons behind the success of Chennai real estate, in terms of demand. In fact, the city is a better performer in real estate, if compared to Delhi and Mumbai. The recession has hit this city too, but not as hard as others. The prospects in 2013 seem to be promising enough.

Several infrastructural projects, a few of which are near to completion, have been floated by the authorities. A number of National Highways and Expressways have sprung up in the city, and this has played a major role in increase in demand for properties as well as appreciation of capital values. The recent nod given by the ministry to the three bridges connecting OMR to ECR has also contributed tremendously to the escalation of rates. The demand for flats for sales in Chennai too has been affected. And people are now seeking properties in the areas surrounding these bridges.

The upcoming airport at Sriperumpudur shall connect the city to national and international destinations. This Rs. 20,000 million project is expected to perform well in gaining the attention of home buyers. Several MRTS projects are in line, along with the Chennai Metro. Being situated on the Golden Quadrilateral, Chennai is now accessible to other important hubs of the country. Such a marked improvement in transportation system is sure to garner good results for Chennai Properties. The demand for both budget as well as luxury properties has seen an escalation in the current quarter. This is a good sign for the real estate in the city. As and when the recession is over, the market shall see a further boom.

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