Pune Real Estate

 

Despite the fact that the real estate market all over is experiencing a slump, Pune real estate is going steady. While industry experts have predicted a steep decline in the real estate values, Pune seems to be confronting the forecast.
Backing the statement are the following examples. To begin with, within months of announcement of a new project by the Magarpatta Township Development and Construction Company, 5,800 apartments of 20,000 planned were fully sold out. This is in spite of the fact that the project is on the peripheries of Pune at Sinhagad Road. Same is the case with several other projects which includes the Blue Ridge Township at Hinjewadi, which has seen vigorous sales in the last few months.
Given that Pune was by no means a mainstream real estate destination it never saw a huge drop in real estate prices. The slump was there but it was for a short period of time. Reasons Pune real estate agents that there was demand but people were anticipating a fall in prices so they were waiting to buy an apartment in Pune. But on the contrary prices escalated and so the demand.
Moreover, since the IT industry drives the property demand in the city, first home sales form a major chunk of transactions happening in Pune. Inevitably, transactions as well as price escalation have been highest in the areas of Kalyani Nagar and Baner which are close by two major IT hubs in the city. Besides the IT and BPO industry, the student population continue to fuel demand for housing in Pune.
Renowned Pune real estate developers sack the view that the Pune property prices are on the move for a sharp drop. Pune real estate agents and the local industry experts don't see any recession in Pune Real Estate industry at least in the next 10 years. Pune real estate builders affirm that the demand is stable and outstripping supply.
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CHANDIGARH Real Estate
Chandigarh is one of the hottest destinations from all real estate perspective. It has been recently voted as the 'best city to live in' by a popular magazine. Chandigarh deserves this tag for many reasons
1. Well planned infrastructure - Chandigarh is known for its architecture, wide roads, well-spaced out lanes and ambient environment. The expansions and extensions to various sectors are always well-planned.
2. Strategic location - The city is administrative, political and cultural nerve centre for Punjab and Haryana. The city has the magnanimity of a big city but still retains the coziness of a small town. It is also the gateway to north India. It makes lot of strategic and business sense for all firms to have their outlets/offices in Chandigarh.
3. New Developments - Chandigarh is opening up to the real estate changing trends. The city had just opened Rajiv Gandhi Chandigarh Technology Park. This park, perk over an area of 111 acres, is a destination for top IT/ITES/BPO companies.
Chandigarh is known for its kothis. Traditionlly, people usually build huge, lavish, palatial houses known as kothis which are 2-3 storey tall multi-apartment structures. Now, Chandigarh is shrugging its 'uniformly-developed-city' tag to pave way for new segments like luxury homes, studio apartments and individual flats. The traditional residential sectors like 21, 22, 24 are witnessing remodeling of traditional 'kothis' into individual flats.
Also, new constructions in neighbouring areas like Panchkula, Mohali and Zirakpur are witnessing a boom in the demand for individual housing as compared to the composite 2-BHK or 3 BHK. This demand has been fuelled by the migratory population. The city's is no longer an abode of the retired army people. In fact young professionals and students from nearby areas of Punjab, Haryana, Himachal Pradesh and even Delhi flock to Chandigarh in search of better lifestyle and good infrastructure at affordable costs.
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Bhiwadi

 

 

Bhiwadi has now-a-days become a hot destination for real estate development as well as for home buyers. It is prominently located on NH-8, just beyond the border of Haryana. Big builders have come up with major projects like The Essentia, Omax City, Kajaria Greens, Cosmos Greens, Piyush City and Camellia Garden. The one time deserted area has now been converted into lush green residential and commercial lifestyle

Agra

 

 

 

Agra is the city synonymous with romance, architectural grandeur and The Taj Mahal. The city now is taking a sharp turn towards the new age lifestyle with Sushant Taj City Agra spreading over 500 plus acres. The township shall also have some of the finest schools, Healthcare and shopping & entertainment facilities never seen in Agra.

Sonepat

 

 

From being a "pastoral location" to "one of the most sought after areas" in Indian Real Estate, Sonepat has come a long way. The upcoming 135 km KMP Expressway is the main attraction for developers. The area between Kundli and Sonepat town falls under an industrialized zone. Atlas Cycle, Hilten Rubber, Indo Adean Fusegear, ECE, Hindustan Everest Tools and Satnam Overseas, LT Overseas (Dawat Basmati Rice), Osram, GSK's Horlicks are some well known brands that have units here.

 

 

 

Land rates have witnessed an average appreciation of almost 100 – 150 % over the last few years. Residential property rates range from Rs.10,000 to Rs15,000 per sq. yd. For apartments prices vary from Rs.1,700  to Rs.2,200 per sq. ft. Commercial properties stand at around Rs.5,000 to 7,000 per sq. ft.