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#brigade panorama #mysore road #bangalore #price #location #map

#sobha arena #kanakapura road #bangalore #price #location

#sobha halcyon #price #bangalore #whitefiled #location

Sobha Silicon Oasis Apartments and Row Houses, Hosa Road | Price | Location | Map | Near Electronic city & kudlu gate, Off Hosur road & Sarjapur Road, Bangalore

#sobha silicon oasis #price #location #hosa road #bangalore

Prestige Falcon City Apartment Project at Kanakapura road, Bangalore, Price, Location, Floor Plans, Master Plan, Location Map, Details, JP Nagar, properties

#Prestige Falcon City

Salarpuria East Crest Budigere cross Bangalore, Price, Location, Old Madras Road, Google Location Map, Floor plans, Master Plan, Price Details, Location

Salarpuria Sattva has unveiled their next iconic project styled as Salarpuria East Crest. A premium apartment development with no common walls and having 3 sides open views for most of the apartments. Strategically located near Budigere Cross, Old Madras Road, Bangalore, which is acting as a centre location of IT hubs in east and north Bangalore. Strategic location and the premium features of the property makes high demands in the Bangalore real estate market.

Salarpuria East Crest Bangalore has been designed by experienced and modernity driven engineers of elegant cadre who have created a unique master piece of apartments with world class amenities and high standard specifications. Salarpuria East Crest spreads in 6.6 acres of land with total 667 units of 1BHK, 2BHK and 3BHK in 11 high rise towers of 15 and 17 floors. Each towers and units are designed to perfection with clear cut specifications and modernity in mind.

#Salarpuria East Crest #Salarpuria East Crest Budigere cross #Salarpuria East Crest Old Madras Road #Salarpuria East Crest bangalore

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Sobha Halcyon Overview

Sobha Halcyon is the most awaited upcoming residential project developed by Sobha Limited in Whitefield after it’s great success of Sobha Habitech which is surrounded by IT Hubs and International school close to Malls. Sobha Halcyon is Located at Kadugodi – Hoskote Ring Road in Whitefield, neighbourhood of Bangalore in very close proximity to Sobha Amethyst / Sobha Adamus.

This is a great opportunity for any Sobha lover to own a flat in this area. Loaded with world class amenities and with good connectivity to major IT hubs, as the name suggests (peace & serenity) Sobha Halcyon offers the much convenience and peaceful living you are looking for. The project offers well designed 3BHK apartments at very affordable prices. The project is well connected by various modes of transportation. The site is in close proximity to various civic utilities.

Project Name- Sobha Halcyon.

Type of Development – Residential Apartments

Location – Near Kannamangala Junction, Whitefield, East Bangalore (near to Sobha Amethyst)

Total Area – 2.97 Acres

Type of Apartments – 3 BHK (1500 Sq.ft to 1800 Sq.ft)

Total Number of Apartments – 175

Total No. of Floors – 2B+G+21

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Sobha Arena Overview

Sobha Arena is a unique Sports theme based residential project developed by Sobha Limited. Arena – Name itself says the centre of a Roman amphitheatre which is used for sports. Its a home that inspires you to step outside. Its a home that invites you to live an active life. The unique sporting facilities that let you discover the life outdoor. Step in to Sobha Arena. Step out to a lively life. Sobha Arena is advantageously located on Kanakapura Road, which is one of the most rapidly developing localities in Bangalore. Project is designed to offer ample opportunities to live a sporty life. It hosts sports facilities for every age group. That’s why; it has a separate swimming pool for kids apart from the 50mtr 3 lane lap pool, a multisport ground, a huge amphitheatre, an innovatively designed skate park and many other outdoor sports amenities. Plus, it has other indoor amenities like pool table, foosball and more to explore life beyond the carpet area.

Its strategic location on Kanakapura Road makes its the most talked about project in Bangalore. Sobha Arena is spread over a sprawling area of 10.7 acres and offers 2 & 3 BHK luxury apartments. This residential project offers almost every facility that you can think of.

Type of Development – Luxury & Super Luxury Residential Apartments

Location – Kanakapura Main Road, South Bangalore

Total Area – 10.7 Acres

Type of Apartments – 2 BHK & 3 BHK (1290 Sq.ft to 1695 Sq.ft)

Total Number of Apartments – 657

Total Number of Towers – 4 blocks, 8 wings

Total No. of Floors – 2B+G+18 Floors

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Propeller of growth for Indian economy

The real estate sector has been the backbone of the Indian economy and has been a major contributor in the economic growth. It is evident from the very fact that the Real Estate Sector contributes 8.53% of the total GDP and also witnessed growth rate to the tune of 30%. It is also pertinent to note that this sector has emerged as the fifth largest destination of foreign investment.

The out of box thinking approach followed by real estate developers have been instrumental in changing the face of India from being an under-developed country towards accelerating its way to a developed country by developing the state of art infrastructure developments, buildings, townships, shopping malls not only in the urban towns of the country but in the Tier II & Tier III towns as well. This effort of developers has not only been useful in changing the face of India but infact has been providing sustenance to 250 ancillary industries. The road doesn’t end here as this sector has also been a good employer, by being the second largest employment generator in the economy where the top five real estate players employ more than 2.00.000 employees at different locations and being the highest employer to the BPL families.

Nowadays with the changing attitude of people from living on rent towards owning their property the real estate sector has witnessed huge demand for the residential segment. The demand for commercial development is also growing at a fast pace due to a paradigm shift from unorganized retail towards organized retail coupled with MNC’s interest in establishing offices here in India. Going forward, the scenario would be no different as at present there is a shortage of almost 27 million dwelling units and the Indian real estate business which is estimated at USD 15 billion is likely to be USD 90 billion by 2015, predicts ASSOCHAM. The housing start-up index, which is now at a pilot stage, shows that new housing units in cities such as Kolkata, Chennai and Bangalore are showing lesser growth than the tier II and III cities like Lucknow, Indore, and Patna etc. Reason being the growth these cities are posing in terms of their absolute business.

As per latest Knight Frank report, since last 2-3 months the Indian economy has witnessed improvement in all the economic parameters be it inflation, IIP, imports, CAD, etc. However, for the second largest populous country, job creation is of utmost importance for it to return to its high GDP growth levels. Job creation primarily depends on the labour intensive manufacturing sector which in turn depends on the investment in this sector. Fresh investments in the economy have been overshadowed by the upcoming general elections despite improved economic conditions. Economic and political stability are the vital catalysts for revival of the real estate sector in India. In addition, revival of this sector also depends on the regional policies like VAT, land acquisition and other regulatory policies.

In this current scenario where the Rupee is still on the higher side, inflation is yet to reach comfort level and the Indian financial system is caught amidst liquidity trap, we developers can not meet the burgeoning demand from customers without the government’s support. Thus, in order to meet the growing demand, we require the support of government by relaxation of norms to facilitate the growth of the Indian real estate sector. The RBI should also intervene by reducing Bank repo rates to another 100-200 basis points and to further reduce CRR in order to infuse additional liquidity in the cash starved market. Also for the prosperity of the sector at general and customers at large the government should facilitate the efforts of real estate developers by providing minimum infrastructure guarantee under habitation policy, relaxing guidelines on foreign investing in Indian Realty, reducing risk weightage and by giving the sector industry status coupled with reduction and uniformity in stamp duty. Immediate need is also to do away with the restrictions on real estate loans.

Thus it is my firm belief that with our continued growth driven strategies and activities coupled with due attention and support from all-government, banks, bureaucrats and media we will be able to withstand any type of market conditions and would be playing key role in taking Indian economy to next level.

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Housing demand to pick up in 6-8 months

Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a report by Knight Frank and Ficci.

Property consultant Knight Frank and industry body FICCI on Tuesday released the Real Estate Sentiment Index for Q3 2014 (July-September) based on a survey of various supply-side stakeholders including developers, private equity, banking and non-banking financial firms.

The current sentiment index, for all asset classes and all locations, surged by 12 points to 63 points, while the future sentiments have also improved by 2 points to 71 points.

“Although the current sentiment score merely breached the 50 mark in Q2 2014 (April-June), results for this quarter (July-September) has risen to 63 which is attributable to the stakeholders’ positive perception regarding the economy, residential sales and price appreciation compared to six months back,” Knight Frank said in a statement.

The Union Budget 2014-15 has laid considerable emphasis on the realty sector and this has infused a positive sentiment for the future, it added. However, the report said the euphoria seen in the housing segment about sales and launches during the previous survey has been rationalised. The optimism about housing price rise continues to hold steady in this quarter.

“Festival season have not really kept up to the expectations in terms of housing sales. Home buyers are on wait and watch mode hoping that interest rates will fall and economy will improve. We feel that in another 6-8 months, the actual transactions will start picking up,” Knight Frank India Chief Economist and Director Research Samantak Das said.

He noted that although enquiries have increased, the actual buying is not taking place. The festive season has not brought in the expected cheer to the realty sector, with markets reporting “not so-encouraging” housing sales over the past two weeks, the report said.

“Unlike the boom years, stakeholders this year had resisted the temptation to launch new projects in the season, focusing instead on reducing the inventory that has piled up over the past few quarters,” it added.

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NRI investments in realty sector may rise 35% in 2014

Property developers are expecting a 35 per cent surge in real estate inquiries from NRIs, with Bangalore turning out to be the hot favourite, says an Assocham survey.

To tap the growing interest which comes at a time when the global economy is stabilizing and India is showing strong signs of revival, real estate companies are pulling out all stops by conducting property shows, exhibitions and opening overseas representative offices.

Developers are also expanding their existing distribution chains and entering into strategic partnerships to encourage investors from this cash-rich segment, it said.

The survey was conducted among nearly 850 real estate developers in Delhi-NCR, Chandigarh, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Pune, Dehradun and Chennai etc. Bangalore is the most favourite property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun, it added. The inquiries are primarily coming from NRIs residing in UAE, the US, Singapore, Australia, the UK, Canada and South Africa. This year, the demand is more for the high-end property and commercial buildings, according to developers. “With the revival in global economy, especially in the United States and Europe, people are more optimistic and looking for property to invest in.

“Both small and big developers are focusing on the NRI base in the US, the UK and Asia Pacific region this year,” said Assocham secretary general D S Rawat. As per the findings of the survey, Ahmedabad (32 per cent) continues to be the most stable market in terms of demand and absorption of both residential and commercial spaces. NRIs consider Ahmedabad as a safe place to invest in, with lenient government regulations for property investments. Pune takes the 3rd place (30.5 per cent), whereas Chennai (28 per cent) assumes 4th position and Goa (23 per cent) is at 5th position. In Delhi, there has been a 21 per cent rise in enquiries this year as opposed to last year from this segment and the majority of them have been for the residential segment. Catering to the growing demand among high-end segment, Delhi has also emerged among promising markets for real estate, the survey added.

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Hike in guidance value may hit flat buyers

Bengaluru: The recent revision of guidance values will increase apartment prices and add to the burden of people who are yet to register properties bought years ago, experts said.

Buyers might have to shell out 10%-15% more for buying apartments in newly launched projects as developers will be looking to pass on the hike in guidance value to customers, not to speak about sand and cement prices that have been north bound for some time now, they pointed out.

While the pricing of completed projects is mainly governed by demand, the guidance value becomes a deciding factor in pricing new projects, some builders said. “The impact of the rise in guidance value comes with a time lag, so a minimum of 7-10% increase in prices can be expected in the next six to nine months,” Credai sources said.

A flat in Bengaluru costs anywhere between Rs 25 lakh and Rs 5 crore, depending on the size, location, and quality of construction. There are about 1 lakh flats under construction, only half of which have been booked.

The current guidance value for apartments (with mosaic/ceramic flooring) in Kudlu, near Electronics City, is Rs 2,100 per sqft compared to Rs 1,800 a few days ago.

In Sarjapura (Anekal taluk), the guidance value in some places was Rs 880 sqft and Rs 560 in other places. However, the market value of flats here is almost four times. Now, the guidance value has gone beyond Rs 1,000 mark in most areas of Sarjapura.

Homebuyers say the registration value of an apartment should be calculated at the time of its booking, not after that. “On one hand, buyers suffer from endless delays by developers, and on the other, the registration cost keeps rising. This has added to pressure on the middle-class buyers,” said K Suman Dasti, a businessman who recently booked an upcoming apartment off Bellary Road.

A reputed builder also said many apartment projects on the outskirts of Bengaluru were started when guidance values there were around Rs 500-Rs 1500 per sqft till 2012. Many buyers would have made bookings then. Guidance values for apartments in these areas are anywhere between Rs 1500 and Rs5,000 per sqft.

BDA BUYERS IN SOUP

The new guidance values will also affect people who were allotted flats by the Bangalore Development Authority (LDA), but the registration of the same was not done.

Allottees in ambitious projects in Bengaluru north taluk will be the worst-hit since guidance values for apartments in these areas have gone up by 5-35%. Same is the case at Kudlu, near Electronics City, Sarjapur (Anekal taluk), Horamavu, Bannerghata Road and Hosur Road where vertical growth is rapid and vibrant.

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Bangalore Real Estate Over View

Bangalore lies in the southeast of the South Indian state of Karnataka. After Mumbai and Delhi, Bangalore is India’s third most populated city with fastest growth rate in India. Bangalore can be classified into five zones-North, East, West, South and Central.

Bangalore, capital city of Karnataka got its name from Kannada word ebenda kaalu ooru which means boiled beans. The story behind the name was once the king Veera Ballala of the Vijayanagara kingdom lost his way when returning from hunting and stopped at a lonely cottage. The old woman, who stayed in the cottage, offered boiled beans. King loved the hospitality of old women and grateful to her, King named the city “bende kaalu ooru” which later known Bengaluru and then to Bangalore.

The city got many nicknames for its outstanding lifestyles such as garden city for well-planned open spaces and pensioner’s paradise for good climate. Bangalore was titled Silicon Valley after the IT/ITeS industries mushroomed.

Bangalore is one of the most sought after city with the rapid growth of Industrial sector and Service Sectors in India. It is one of the prime real estate destinations and demand is driven by the end user. The five pillars of Bangalore’s economy are Information Technology (IT), Biotechnology, Telecom, small and medium scale industrial parks such as Peenya and Jigani, large establishments by public sector companies such as Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Heavy Electricals Limited (BHEL), Bharat Electronics Limited, Bharat Earth Movers Limited (BEML) and Hindustan Machine Tools (HMT). Bangalore is India’s fourth largest fast moving consumer goods (FMCG) market.

Demographics: The city represents the true cosmopolitan outlook with migration from all over the country that has been driving growth of population as the city witnessed highest growth of population compared to all other metro cities in India. When compared with Bangalore’s population 2001, in 2011, the city’s population growth is 47.18%, growth of about 30 lakh. Density of Bangalore district for 2011 is 4,381 people per sq. km which was at 2,985 people per sq. km. in previous decade. New job opportunities and cosmopolitan culture of the city leads to growth of population. Bangalore witnessed migration of 2.09 million people in 2001. Information Technology After US cities like San Francisco, Boston and British capital London, Bangalore stands as 4th largest technology cluster. IT/ITeS sector generates more than two third jobs In Bangalore with presence of leading IT companies of the world, including Infosys, Wipro, Tata Consultancy Services, Oracle, Dell, IBM, Microsoft, Accenture, Cognizant, etc. Electronics City and Whitefield are two main cluster for Bangalore’s IT industry. Besides, the city has 27 Special Economic Zones. Due to these clusters, the pressure on Central Business District (CBD) like MG Road is reduced. The emergence of outer ring road has taken office space market to another level. The outer ring road stretch from Marathalli to Silk Board accounts for more than a 70% of grade-A office supply. Connectivity The city connects other parts of Karnataka and neighboring states via important roads like NH-4, NH-7 & NH-209. Bangalore International Airport, 4th busiest airport in the country, is situated in Devanahalli. South Western Railways, one of the 17 railway zones in India, covers most of the railway lines in the state of Karnataka. Bangalore City Railway station (station code SBC) and Yeswantpur Junction (station code YPR) are two important stations for long distance and local trains. Bangalore has a large city bus service and KSRTC (Karnataka State Road Transport Corporation) operates numerous intercity city bus services. Private buses are also available to other parts of Karnataka and neighboring states. Namma Metro, rapid transit system, part of East west corridor Phase 1, Reach 1 began its journey on October 20, 2011 between Byappanahalli and Mahatma Gandhi Road. Bangalore civic administration Bruhat Bengaluru Mahanagara Palike (BBMP) manages the civic administration of the city. BBMP Bangalore formed in the year 2007 by merging 100 wards of the erstwhile Bangalore Mahanagara Palike (BMP), with seven neighboring City Municipal Councils, one Town Municipal Council and 110 villages around Bangalore. Bangalore Development Authority (BDA) is designated as the Planning Authority under the Karnataka Town and Country Planning Act, 1961 and came into existence in 1976 as a successor to the erstwhile City Improvement Trust Board. Bangalore Metropolitan Region Development Authority (BMRDA), an autonomous body created by the Government of Karnataka under the BMRDA Act 1985, is responsible for the development of the city. Bangalore Metropolitan region is one of the largest in India measuring more than 8000 sq.km. It’s an assemblage of Hoskote, Anekal, Kanakpura, BMICPA, Magadi, Nelamangala and BIAAPA.

Bangalore Electricity Supply Company Ltd. (BESCOM website) BESCOM is responsible for power distribution in the city of Bangalore and it has three operating zones â€“ Bangalore Metropolitan Area Zone, Bangalore Rural Area Zone and Chitradurga Zone. BWSSB Bangalore Bangalore Water Supply & Sewerage Board (BWSSB) is responsible for water supply, sewerage system and sewerage disposal in the Bangalore Metropolitan.

BBMP Property Tax: The Bruhat Bengaluru Mahanagara Palike (BBMP) Revenue Department is responsible for assessment of properties for property tax & collection of property tax in Bruhat Bangalore Mahanagara Palike. Payment of property tax is according to Form IV (when there is no change in the details) and Form V (when there have been changes in details). Bangalore One Bangalore One or B1 Project is a ‘One-Stop-Shop’ facility implemented by the Government of Karnataka (GoK). Bangalore One enables citizen to pay their Electricity bill, Property Tax, Viewing and Payment of Water bill, BSNL landline and mobile bills like Idea, Airtel. It also enables to book a Train Ticket, flight ticket, paying the Traffic Fines and many other services. Bangalore Real Estate Growth

Impact of IT software and services industry. Entry of high profiled builders to real estate in Bangalore city. Launch of metro services in the city. High-end malls, multiplexes, shopping centers, educational institutions are major highlights paving way for real estate growth in Bangalore.

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