5 Best real estate options to move soon to Bangalore

Bangalore is an attractive city to live in especially for the huge IT workforce, who now seeks refuge in outer peripheries away from the hustle and bustle of the city life. Bangalore is one place where the property demand has been out rightly negative post the demonetization wave. On the contrary, it has seen a positive growth in the recent time even though the growth has been somewhat slow. The evident growth was led by few areas of the city and some of these localities are expected to continue the positive growth trend going ahead too.

Bannerghatta Road: is one of the most sought after locality for city dwellers. The area along the lines of Begur Road has good connectivity with the Electronic City. Investment by software professionals is the strong highlight of the locality and this young workforce is either investing in a permanent home or renting a property to stay close to the office area. The residential locality has good rental returns and people are investing in 2 and 3 BHK flats for permanent residency.

Electronic City: people working in the Electronic City prefer to stay close to their workplace. The rental (rate of return) is around 4 per cent in this locality. Naturally, as you move closer to your office space the cost of buying a home escalates and Electronic City is no exception. The area is near the Central Silk Board and its proximity to the expressway also makes it a very desirable location to invest. It is 2 BHK apartments which are selling excessively in the area as people to continue searching for budgeted options.

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Sarjapur Road:  Sarjapur Road and HSR Layout together command a huge demand from the permanent residency seekers. It is an upcoming residential area and perhaps the most active in context of new project launches. The under-construction properties are a major draw of the locality and reflect positively upon the growth of residential demand in the close time ahead. The outcome in the near future is expected to be positive and strong.

Thanisandra Yelahanka: it features as one of the most preferred locations in terms of consumer demand. The locality boasts of settled infrastructure and easy connectivity. The fact that it is close to the airport adds a lot of crux for pilots and airline staff to buy or rent a property here. The locality has a decent demand for luxury units in terms of permanent investment and renting a house here.

Horamavu: sites in Horamavu excel in providing excellence of living as some of the projects in Horamavu are very well equipped with modern facilities and amenities. The whole area is spick and span, safe and the fact that it is in close proximity of the Bangalore’s industrial centers, makes it even more attractive. The new projects in Horamavu promise a positive outlook as the locality continues to enjoy good connectivity with the complete city through the Ring-Road and its vast street network.

 

6 Factors affecting Bangalore real estate in 2017

Whenever you plan to invest in a property anywhere in the country, you do count in many factors before you make any decision. Though off-late a slump in the real-estate was seen and expected to haunt the Bangalore real estate along with the economy in the year 2017. Here is a list of top 6 factors, which are haunting the Bangalore real estate;

  1. Demonetization;

After the declaration of demonetization, in November 2016, a drastic change in the real estate was noticed. The sale plummeted remarkably. Though the evil spirit of this ghost still haunts the real-estate market and had affected the market of new projects in Bangalore. People are willing to buy flats and want to even invest in the new construction in Bangalore, though it becomes really hard for them to pay the down payment as a slump had come in the market because of demonetization and banning of the notes. The government is too strict in cash transactions.

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  1. Security of Females;

The latest molestation case in Bangalore had been in highlight for many days. People do show their rage towards the security in a city which was considered to be the safest city for women at some time. Today the time had changed, so as the safety, hence this factor is haunting and forcing people to make a distance in investing in the various sites in Bangalore.

  1. The upcoming of sub-standard projects;

You have been saving real hard, to get yourself the top project in Bangalore, and finally, you found out that you have invested your hard-earned money in a sub-standard project. This doubt had been created by builders who had either been using the lower grade raw material or coming up with add-on cost to be paid by the buyer disclosed at a later stage of the deal.

   4. Un-approved Project’s Market becoming Strong;

A term called Pre-Approved is used without any second thought. Though nothing like the same exist in the real-estate market. Builders are using this term to sell the new projects in Bangalore and the end results come to buying an unapproved project in hand. Such bad experiences are restricting people to invest in the under construction projects in Bangalore.

  1. The Broker’s fees becoming Big;

A person is already paying a good amount of down payment, and on top of it, the broker’s fees are becoming big with every passing day. This is actually restricting people to invest in the projects in Bangalore, as no one wants to pay a commission of over a lakh on a project of 30 lakh to the broker.

  1. Under Construction Projects in the Northern Bangalore;

Deconstruction projects in some major areas in Northern Bangalore are really haunting the real estate industry in Bangalore. Some of these projects are a standstill for years and several clients are claiming back their invested amounts. People don’t mind going for buying property nearby Bangalore, as there are better-planned projects with a comparatively less price.

If you want to know more about project details visit Sulekha Properties.

 

Is Haralur Road turning to a prosperous realty hub?

Haralur Road is located off Sarjapur Road in Bangalore, which is the most popular location for real estate investment right now. There are many IT companies in Bangalore due to which the demand for real estate properties is always high. There is a huge number of migrant population in Bangalore because many companies have their corporate offices here. Many prefer Bangalore because it offers various amenities and has a pleasant climate throughout the year. Haralur Road is an upcoming locality which is slowly turning into a realty hub as it is near Electronic city and so, many flats in Haralur Road are coming to cater to the needs of the people.

In the past few years, Sarjapur Road has been the hotspot for buying homes by people of middle-income group. It had many ups and downs in property prices in recent years but still many prefer to live here. The reason for this is that the Road is nearby the IT hubs in ORR, Electronic City and Whitefield of Bangalore. The employees working in these localities generally prefer to live in Sarjapur Road as it has easy access to the companies located nearby.

But in recent times, Haralur Road is getting popular for residential projects because the Sarjapur Road is almost saturated and there are many civic and traffic problems. The internal Roads are in bad condition, water supply is less and there is a lot of traffic congestion in Sarjapur Road. All these reasons have made the Haralur Road, which is off Sarjapur Road, an important place for investing and living here. Haralur Road is very close to Electronic City which makes it popular among the employees working there.

The other areas such as Whitefield, ORR and Electronic City, those techies prefer to live have become saturated and have led them to look for other localities. They usually prefer to choose those localities that have easy access to the IT clusters and have proper amenities. This has made the Haralur Road an ideal destination for residential projects. More number of housing projects in Bangalore is developed in the Haralur Road and surrounding areas like Sarjapur Road and Gunjur.

There are many flats in Haralur Road that are either completed or the construction is going on. People have many options to choose from and they can select the property according to their needs, budget and accessibility to their offices. Mostly, apartments in the range of INR 35L- 80L are preferred by the people, due to which they are sold very quickly. There are many apartments in Haralur Road that are in this price range and thus turning into a realty hub.

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As the city is developing very quickly in all the directions, Haralur Road is emerging as an important destination and slowly becoming a prosperous realty hub due to its proximity to the IT hubs in nearby localities. Due to the large parcels of land available here, the flats in Haralur Road are generally cheaper compared to other localities and it will only increase as the time passes as it is emerging as a favourite destination for the people.

How to register your property in Bangalore

Investment in property requires a cautious approach. An important part of the procedure to follow (while buying a property) is its registration. It is good to be aware of the registration process in great detail and accuracy.

For example, if you are investing in new projects in Koramangala, it is the Department of Stamps & Registration of the Karnataka Government, which will handle the complete document registration process. The same authority will issue you the certificate of registration too.

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We discuss steps to be followed focusing on factors like when, why, how, and a checklist required for registration of the property.

When should you apply for registration of the property?

At the time of transfer of ownership of an immovable property, you need to apply for registering the property documents with the concerned authority. The scope of transfer of ownership rights includes gift deed of immovable property, lease, transfer of property in consideration, besides buying and selling contract of the property. In other words, if you are investing in one of the existing projects in Koramangala, you will need to register the document.

Is there a time limit for registering the property? 

Why you need to register the property is for legal validation in owner’s name. Therefore, it is important to register the documents immediately, so that you are the legally recognised owner of the property at the earliest.

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Officially, you have a window of four months from the date when you sign the property papers. You have an option to register it after four months too, but with a penalty. The penalty amount is hefty, more than 10 times the registration fee to be paid. However, this extension window (of another four months) is subject to permission of the District Registrar. After eight months there is no further scope.

Procedure for registering the property

You are required to publish the exact value of the property on a stamp paper. You can buy it from licensed stamp vendor shops. Make sure the paper carries details of the vendor like address, signature, along with a treasury seal.

You can apply for registration in the sub-registrar office in the district location of the property purchased.

Charges while filing for property registration 

You need to pay the stamp duty at time of registration. There is also a registration fee attached. The usual rate of stamp duty is 5% of the total value of the property plus taxes. Registration fee is 1%. 

Checklist 

You need to have the following documents in order for verification purposes:

  • Original property papers
  • Building plan approval
  • Proof of seller acquisition of the property
  • Encumbrance certificate of the property
  • Proof of no litigation on the property
  • NOC from revenue offices and municipal authorities
  • Proof of validation of the property as per Public Policy under section 22 A of the registration act of 1908
  • Proof of government permission on land on which the property is constructed

If you want to know more about new projects in Koramangala just visit property.sulekha.com

 

 

Apartments or plots, which are better for investor’s?

Real estate investment offers a lot of choice now. It is not easy to choose between an apartment and a plot. What makes for a better investment option? Multiple points have to be considered to arrive at the best decision. Because both options have merits and de-merits of investment. It depends upon you personal requirement, budget, as well as time and effort. We explain these points below.

Advantages of buying an apartment

It is far convenient to buy an apartment. You have a ready choice. It means you don’t require hiring an architect. You will not be required to take legal permissions or liaison with local bodies to build a home. There is no need to haggle with contractors. Your project developer will take care of different requirements. You will only be presented with a perfect home of your choice.

The administration part of it will also be taken care of. You don’t have to worry about electricity or water supply connection, maintenance, security, or added facilities. In the nutshell, you are presented a ready package, which includes most of the things you want as a part of your lifestyle.

Advantages of buying a plot

Plot is a vacant piece of land. It means you have an option to build a home as per your exact requirement. You can design it the way you like. Another benefit is you can supervise the whole construction process. In other words, you can oversee the use of material used in building the house and also oversee any changes required, during the course of construction.

A major plus is ready possession. Plots are usually ready for possession. You will get the plot ownership before the flats are ready.

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Comparative analysis

Your investment in a plot is likely to fetch you better returns. One reason is you have control over the input cost of building a home. Also, a single house construction will cost less than building the complete structure. A project developer is expected to cover the high cost of construction of apartments from home buyers only.

If the market situation is skewed towards the seller then, plot owners are expected to get better profits. The value of plots rise faster than apartments costs. It is often we come across a situation, in which, the price of apartments become stagnant. Remember, you have already purchased the property at a high cost, so the profit margin is not high if you decide to sell it.

If you choose to buy a plot, you won’t have the comfort of having a ready to move in place, which an apartment offers.

Whatever your final decision is, it is good to search on the internet to do a quick comparison. If you key in plots in Sarjapur, your screen will show multiple options, giving you the exact rate of constructing a home on the land. The area of the plot is also clearly mentioned to visualize your new home.

4 Tricks to get high profit in Land

Real estate properties are one of the most popular investment options in India. Most of the investors usually focus on residential units or office spaces which promise a return on investment on a regular basis. Resale prospects for a better rate are also an attraction for many property investors. Flats and other built-up properties are ideal for short-term investors as these can be sold when prices rise. However, if you are looking for a long term investment option that yields better profits, landed property is the ultimate choice. Land is the basic resource on which all other forms of real estate depend. However, it is not sufficient that you buy a plot and look for ways to earn income from it. There are some factors that add value to the landed property say experts at Sulekha Properties. Here are 4 tricks that you can consider while investing in a land.

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  1. Buy early

Buying early when the price is low is the key to making high profit from landed property. Builders and developers are always in need for land resource for their projects. When the availability of land in an area decreases, they will move to other locations that show promise of development. Identifying such areas and buying land at a very early stage when the prices are low is crucial to making a good return from the land. With the arrival of roads, educational institutions, shopping complexes and other facilities, the real estate prices in an area will go up. Those who have bought land at an early stage can then sell it for a better rate.

  1. Size matters

Those who are looking forward to making a profit from land must invest in plots that can support large development projects. Builders and developers are interested in sizeable land where they can start their residential or commercial projects. So, if you are looking for land for sale in Bangalore or Mumbai or any other big city or emerging locations, make sure that the land is large enough so that you can sell it for a profit to builders and developers.

  1. Leasing

Leasing of land for various purposes is another option land owners can consider. Farmlands have great demand as more and more people and groups are into organic farming these days. Arable land can be leased to individuals and organisations involved in agricultural activities. Industrial leasing also ensures profit from the property.

  1. Add utilities

Run utilities like electricity and water to your landed property to improve its value. Buyers are more interested in properties that already have utility connections are willing to pay more for such plots.

Lowest price of Industrial land for sale in Pune

Pune is vibrant with real estate actions and the city is extending its borders to accommodate new commercial, residential and industrial areas. Pune, recognized as Maharashtra’s ace city, is endorsing rise in new business actions like the IT, ITES industry and BPO sector.

The prime areas of the city like, Hinjewadi, Deccan Gymkhana, Koregaon Park and Model Colony command the maximum real estate values in the city. Hence, property searchers have choice to apartments, land and find flats in new areas like the Kalyani Nagar, Camp, Shivaji Nagar, FC Road, Wakdewadi, Nagar Road and JM Road. The area enjoys closeness to the railway station and airport and is also close to the luxurious market residential areas of Koregaon Park and Kalyani Nagar. These are the areas, which offer accessibility of land; the most serious factor funding to the real estate costs. If you are looking out to find industrial land in Pune, it has become very easy today with sites like Property.Sulekha.com.

Commercial real estate in Pune

Commercial properties at the western part of Pune are active with real estate activities. Approximately all the big IT companies of India have released their software development services in the area. International IT is also seeking for commercial property in the area quite destructively.

The positive completion of every project not only proven Pune among the most sought after sites for technology majors but also catalyzed the profitable real estate development in the city. Find industrial land in Pune and start the business is now becoming a trend.

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Residential real estate in Pune

As per the industry assessments, Pune would want as many as 40,000 residential properties each year to meet its housing necessities.

To hold the same, the Maharashtra government has now given support to private real estate designers for inaugurating fully combined townships in Pune, under the Public Private Participation (PPP) model.

Pune is still taken as a protected substitute for interest in private realty, and has pleased in a consistent year-on-year thankfulness rate. Mainly for the individuals who are different to high hazard assumptions, property in Pune is a grand alternative! It is to a great amount considered a ‘mid-portion’ arcade, and up and coming actions in Pune like townships are in unbelievable interest.

The city with its booming economy offers wonderful employment opportunities and success of Finance industry IT and Banking and further generates the financial setting of the city. Several hundred people set up their housing base in Pune and look for belongings in accordance of their needs. Find industrial land in Pune and stay there is one of the main reasons of the population of Pune.

How to select best office space in Noida?

If planning to increase your business – the commercial space is looking up. The commercial section in real estate is buoyant and demand for commercial office space on rent or on sale is picking up. The process of maintenance has now begun over the last few weeks. Company which were tentative earlier and now looking up to develop to viable location.

Noida, a contraction of New Okhla Industrial Development Authority, is, undoubtedly, one of the most advanced commercial hubs of India say experts at property.sulekha.com. In fact, the growing number of mall complexes and offices has given a rehab to residential space in Noida as well. The Noida commercial property development is specially spread over the sectors 10 to 16, 1 to 6, 16A (film city), 18, 51, 51 and 57 to 62. Many modern commercial avenues are too built in the sectors like the 21, 28, 29 and 37.

Noida

Noida Office Space

There are so many commercial office spaces in Noida. The Indian as well as the MNCs discover Noida to be one of the most chosen locations. In fact, the major strength of the economy of Noida is formed by the IT & ITES.

Most of the IT companies are situated in the sectors 29, 57, 58, 59 & 60. Also, a large part in and around sector 18 consists of huge office centers. Due to upsurge in IT spaces in Noida, the city has stretched to about 0.78 Million sq. ft against the regular demand of 0. 52 Million sq. ft. Besides IT, Noida is rapidly becoming a common address for renowned BPOs.

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Presence of a mass of IT companies in Noida adds to the value of the commercial office spaces in Noida. Major office spaces in Noida are located around Sector 18, the trendiest location in the city. These commercial spaces on rent are given out to approaching investors and are occupied by many corporate and IT companies.

Demand for commercial office spaces in Noida property in Noida is rise steeply and this is however the best time to make attractive investments. Industry authorities see a phenomenal growth in the near future. With better organization and commercial properties, world class facilities in Noida are the most sought-after.

In short, it has a lot to provide to its residents and also to those who are looking for purchasing or leasing commercial property in Noida. To purchase commercial property in Noida, you are recommended to do good study on the prevalent prices and facilities of the Noida commercial sector.

 

 

 

 

 

 

 

 

 

8 best commercial real estate marketing ideas

According to the market experts, 2017 will be a prosperous year for commercial real estate sector. As more and more MNCs and foreign investors come to the country to set up their operations, there will be an increased demand for office space and other commercial properties. However, demand does not guarantee sales. You also need to know how to market your property to get the best return on investment. So, if you are an owner of an industrial land in Gurgaon or a shop in Mumbai, it is essential that you promote your property in the best possible way. Here are some marketing ideas for commercial real estate according to the experts at property.sulekha.com.

  1. Online marketing

A plethora of marketing strategies are available for property owners to establish an online presence in a highly competitive market.  Some of these include digital brochures, websites, email campaigns, social media, cost-per-click based campaigns, media placements in online magazines and journals, online press release, and guest blogging.

  1. Offline marketing

Offline marketing is important for generating leads and referrals. Marketing materials like brochures and flyers, display and window signage, networking events, brand awareness through print media, direct mail, etc. are some of the successful marketing strategies that a commercial property owner can employ to promote business.

  1. Offers and deals

Attractive packages and incentives to lure prospective buyers are universally employed by property owners. Tax incentives, free or discounted maintenance for a period, pre-built office spaces, etc. are offered by builders and developers to the investors and tenants.

  1. Seasonal sales

Holiday seasons are the best opportunities to market commercial properties as most Indians choose religious holidays as auspicious times to start a business or buy property. Seasonal marketing targeting specific audience can be more effective than general advertising.

  1. Market specific promotion

If you have a particular kind of commercial property, target only those customers who actually need it rather than addressing a wider audience. This ensures that the marketing efforts are noticed by the right audience. It also reduces the marketing expenses.

  1. Build relationships

Interacting with other property owners and realtors is an important aspect of marketing. Maintain professional and personal relationships with prospective buyers, real estate agents, and other builders and developers. This will help in generating leads and getting referrals.

  1. Local partnerships

Partner with other businesses in your area that are frequented by potential clients. This is an excellent way to create brand awareness. For example, you can sponsor some materials for their business with the logo of your company imprinted on the products you supply.

  1. Publicize previous sales

One of the easiest ways to make clients take notice of your property is to promote one of your recent deals with a trusted client. This creates an element of reliability and transparency that attracts buyers.

 

 

7 Most affordable housing projects in Bangalore

The growing population base in Bangalore has given rise to the need for low cost housing that even the lower income segment of the society can afford. A number of builders cater to the low budget housing needs of the customers in the city. So, if you are planning to buy affordable house in Bangalore, here are the top seven budget builders you can consider according to Sulekha Properties.

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  1. VBHC

Value and Budget Housing Corporation is a leading player in the budget housing segment in Bangalore. The most advanced technology and design methods are used to create innovative projects. Currently they have two projects under construction in Bangalore. Palmhaven-2 located near the Bangalore-Mysore State Highway is a township project offering 1&2 BHK homes with all modern amenities. Serene Town near Whitefield offers 2&3 BHK apartments with top-end facilities for a great price.

  1. Shriram Properties

With a widespread presence in South India, Shriram Properties has relentlessly delivered world-class housing solutions for affordable prices. Their projects provide high standards of living with minimal cost. Buyers looking for low budget residential options can choose from their ongoing or upcoming projects under Rs. 50 lakh in Bangalore.

  1. Esteem Group

A major presence in the budget housing sector, the Esteem Group has delivered homes and apartments that meet the requirements of the low budget buyers. Modern contemporary villas and apartments are available for absolutely affordable prices in various locations in Bangalore. They have a number of ongoing, upcoming, and completed projects that offer the best living experience to the home buyers.

  1. Skylark Mansions

Skylark Mansions makes sure that each of their projects is free of any litigation and that all paperwork is in place before handing over the property to the customer. Eco friendly living spaces are created with resource optimization and quality in construction. Their ongoing projects include 1-3 BHK apartments and penthouses in Bangalore.

  1. Sterling Developers

A pioneer in budget residential projects, Sterling Developers provides fine living spaces with the most modern facilities and amenities. They have a number of economy projects to cater to the growing need for affordable housing in Bangalore

  1. Maithri Developers

High quality construction is provided for a low cost by this builder. Their projects have a wide range of leisure and sports facilities and require minimal maintenance cost. Home loan assistance, interior installation and properties at premium locations are some of their additional services.

  1. Jain Housing

A long time player in the affordable housing market, Jain Housing provides elevated standard of living for a low price.