Bangalore Realty Attracts the Maximum Private Equity Investment
Dec31

Bangalore Realty Attracts the Maximum Private Equity Investment

The real estate sector in India is ringing, and as a result, Private Equity funds are keen to expand their scope of investment. This is good news for property developers in Bangalore as better days are coming. Business friendly government and pragmatic policies are key factors that are driving Private Equity investments in Bangalore realty sector of late. A major development is that Private Equity funds are showing interest to fund not only Grade ‘A’ developers in Bangalore, but also extend the facility to even Grade B developers in the city. However, they plan to do it in a structured way. During the first half of 2014, real estate sector of Bangalore has received a Private Equity (PE) investment of almost INR 2, 005 crore, the highest in the country, beating the national capital Delhi and Mumbai, which has long been the commercial capital of India. Owing to increased demand for leased office assets from institutional investors and growing residential sector, PE investments in Bangalore have jumped almost 20 times year-on-year to INR 2, 005 crore. The city has received Private Equity investments worth INR 103 crore during first 6 months of 2013. During the same period, Mumbai received INR 1, 140 crore, Delhi – NCR received INR 490 crore, and Chennai INR 200 crore. It is the availability of investment-worth leased office spaces and stable returns that have kept the interest high for PE investment in Bangalore. Considering the current trend, the share in total PE investment is expected to grow in Bangalore in years to come. Most of the leased office assets are primarily attracting institutional investors because they have a high occupancy rate and deliver stable yields of about 9%, making them a lucrative option to invest. Key Drivers for Bangalore’s Real Estate The major reason behind the significant growth of Bangalore’s real estate is the rapid growth of both commercial office spaces and residential assets. As the demand for office space is increasing at a fast pace, residential demand continues to grow at a steady space, but both the sectors are driving the market to make Bangalore a realty powerhouse of India. The key driving force here is that Bangalore is the hub of South India and a booming IT center, which has been attracting high-profile property developers from around the world. The Silicone Valley of India houses leading IT/ITES companies, MNCs and national corporate houses, which has lead to a radical growth in demand for leased office spaces as well as residential projects. Higher Private Equity investments in Bangalore can also be attributed to easy availability of real estate properties across all segments at...

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Affordable Housing Projects on Dwarka Expressway Gurgaon
Dec29

Affordable Housing Projects on Dwarka Expressway Gurgaon

As property prices are shooting high, buying a home in Delhi or Gurgaon is becoming even more difficult. Hence, homebuyers are switching towards Dwarka Expressway as a prime alternative destination for affordable housing projects. Over the past 10 years, Gurgaon real estate sector has developed radically, where umpteen property projects have mushroomed at an exceptional rate. The city is currently witnessing new housing societies, flats and apartments, and commercial complexes, catering to the growing demand in recent times. However, it is Dwarka Expressway, the highway that connects Dwarka with National Highway 8 that has emerged as the primary destination witnessing colossal development in the Realty market. It is only 2.5 km from the Indira Gandhi International Airport and connects Delhi to Gurgaon. Improved connectivity, complemented with basic amenities and good infrastructure, are some critical factors that make Dwarka Expressway a hot property destination for home buyers. Why Dwarka Expressway is a Hot Property Destination? The National Highway 8 segment, especially Dwarka Expressway, is rated among the busiest in North India, considering improved connectivity between Delhi and Gurgaon. Furthermore, Gurgaon has emerged as a prominent industrial hub and commercial center, with leading multinational and national companies having their offices in the city. Hence, the city also witnesses good employment conditions, with a huge influx of working population every year. With a growing population, Delhi – Gurgaon toll becomes worse for commuters, making traveling difficult. With Dwarka Expressway on the verge of completion, faster and improved connectivity will be in the hands of people here. The 18 km long Expressway is nestled amid 60 meters of greenery on both sides. A segment of the Expressway has been designed for construction of Rail Over Bridge, while 700 meter area is handed over to the Haryana Urban Development Authority for a wide range of utilities such as water works and HT Pillars. All land acquisition issues and litigations have been resolved by the efforts of the state government. In the vicinity of the Expressway, many leading healthcare and educational giants are coming up with new projects to offer basic facilities to property buyers here. It will also provide smooth connectivity to homebuyers with the current metro corridor and proposed diplomatic enclave. Improved infrastructure such as shopping centers, hotels, markets, and corporate offices have further made Dwarka Expressway an ultimate destination for affordable housing projects. With a growing number of multinational companies and top Indian corporate giants based out of Gurgaon, coupled with lack of availability of mid-segment homes in Delhi and Gurgaon, Dwarka Expressway is fast emerging as a lucrative alternative for both homebuyers and property investors. Today, buying an apartment at Rs...

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Real Estate Market of Delhi & NCR
Dec25

Real Estate Market of Delhi & NCR

According to market research reports, the real estate market of Delhi & NCR is all set to grow by approximately 50% when it comes to investments in Private Equity (PE). A stable Central government has infused a new life in a sluggish sector with real estate in NCR receiving INR 2000 crore in 2014, which is double the PE amount from 2013. Affordability of property prices is one of the biggest factors, which is driving the developers and the investors alike. Improved bank funding with attractive valuations is yet another reason for this colossal growth. The Indian real estate market has attracted INR 80 crore PE investments in the first quarter of 2014, which is a staggering 28% increase as compared to last quarter of 2013. So, what are the critical factors controlling the property market in Delhi-NCR? Here’s a look. Delhi With property prices steeply rising in Delhi, investors and buyers are now shifting towards its southern fringes where development is still going on. Subsequently, people can purchase luxury and mid-segment properties for the same or lesser price in this region. One such popular location is Dwarka, towards the south-west of Delhi. The largest suburb in Asia, it boasts of sound infrastructure, immaculate planning, proximity to business hubs and offices, besides offering affordable houses and commercial space to the buyers. Work on Dwarka-Gurgaon Expressway is going strong and it is nearing completion in many stretches. This factored along with proximity to the IGI Airport is padding on the real estate growth. A number of luxury and premium projects are in the pipeline, which is expected for delivery by the year 2017. Prices for semi-luxury properties are capped at INR 8000 per sq. ft. and those belonging to the luxury category are priced between INR 11,000 – INR 12,000 per sq. ft. Even the mid-range housing prices have jumped from INR 3350per sq. ft. in 2013 to INR 7000 by the mid of 2014. NOIDA Fast-paced infrastructural development in NOIDA along with its proximity to Delhi, Faridabad and Gurgaon are the reasons behind its rapid growth. Proposed City Center Dwarka-NOIDA extension is to complete by the year 2021, and it will provide direct connections to numerous Delhi-NCR areas. NOIDA Metro Rail Corporation (NMRC) recently received the state government’s approval for a 29-km Greater NOIDA-NOIDA Metro link. Also in the offing is the uninterrupted supply of power through the Greater NOIDA Industrial Development Authority (GNIDA) power plant. This surely boosts the infrastructure developments here. While affordable housing is the star in this region, super luxury 3 to 5 BHK choices of, 2000 sq ft – 4000 sq ft are available...

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Smart Choice – Vintage Style Kitchen
Dec23

Smart Choice – Vintage Style Kitchen

The “retro” style is again making its place in modern kitchen, represented by simple and cozy cabinets with vintage chairs or contemporary kitchen cabinets with a touch of retro style. Both the styles perfectly complement any home décor and exude a pleasant charm that will make the ambiance warm and welcoming. Wood kitchen cabinets in sheer retro style, vintage decorations, and special lights and fixtures are well designed to create the perfect interior décor for everyone. The vintage style kitchen looks so warm and inviting that you will simply fall in love with it. These retro design ideas will certainly inspire you to have your dream kitchen. Vintage Kitchen Appliances One of the easiest ways to decorate your modern kitchen in retro style is with vintage cookware and accessories. Coffee makers, mixer grinder, toasters, and other kitchen appliances are available in an attractive vintage style that can accentuate charm and warmth of the space dramatically. For a distinct flair, you can add appliances featuring space-age designs of the 1950s and 1960s, available in a wide range of bold and beautiful colors such as green, yellow, red and orange. Pick the ones that perfectly blend with interior décor of your kitchen and stylize it in sheer retro style. Throwback Kitchen Style of 1930s 1930s Throwback style is again in vogue, making place in today’s kitchen without sacrificing its modern space, design and functionality. It is featured by a center island that beautifully replaces much of the counter space to incorporate a cloth washer and dryer that was once a part of the vintage kitchen in 1930s. Green glass tiles, farmhouse sink, vintage kitchen appliances, and large hanging lighting fixtures from ceiling add a perfect retro style. For added beauty, you can keep seasonal flowers in a glass vase to exude pure throwback style. Retro Kitchen with Brick Hearth Vintage style becomes louder and prominent when you add an exquisite brick backdrop to the cooking hearth of the kitchen. This evokes sheer Colonial style and makes your kitchen beautifully vintage. The brick hearth perfectly blends with modern gas burner and electric oven, without sacrificing the stylish look and appeal. You can add an ornamental wooden mantel to hide the vent hood, while bronze tarnished lighting fixtures, antique copper faucets, and beautifully honed soapstone counter will give the finishing touch to your kitchen. Vintage Style Kitchen Cabinets To get a perfect vintage look, invest in whitewashed kitchen cabinetry, ideal for storing kitchen utilities. A massive see-through whitewashed cupboard, with glass door, may stand at the center stage, exuding a nostalgic feel of the lavish storage unit of 1950s. The see-through storage solutions...

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NRI Investments Surge in Indian Real Estate Market
Dec21

NRI Investments Surge in Indian Real Estate Market

Coping with financial crunch, stagnancy in supply, and falling prices, real estate investment in India is rapidly gaining pace once again. The once sluggish real estate sector, witnessing slow NRI and domestic sales, is now bubbling with activity followed by relaxation of FDI norms, growing demand, and possibilities of more development and capital for new projects. As the new government has strategically streamlined umpteen real estate projects by announcing a number of reforms, it has lead to a growth in average consumer interest, of which NRIs hold a significant segment of the market. According to a recent study, the real estate sector is seeing a surge in NRI interest as well as investment as compared to last year. In major cities like Delhi – NCR, Mumbai, Chandigarh, Bangalore, Kolkata, Ahmedabad, Pune, Hyderabad, and Chennai, the overall average NRI investment is expected to rise from 18% in the last year to 35% in 2014. As per real estate experts, formation of the NDA government, increased transparency and political stability is paving way for lucrative real estate investments from NRIs. New government reforms and initiatives towards developing the real estate sector have further gained confidence with the Non-Resident Indians. The latest trend reveals Bangalore to be the most preferred destination for NRI investments in real estate, followed by Ahmedabad, Pune, and Chennai. Earlier, NRI investments were limited only to residential segment; however, this year, NRIs are looking for attractive investment opportunities in luxury residential properties as well as commercial projects. The NRIs are feeling more confident about the new government and its policies, and are waiting for lucrative investment-friendly market in different fields. Revival of the global economy is also a major contributing factor, making consumers more optimistic; who are looking to invest in real estate. Subsequently, property developers in India are primarily focusing the NRI investor base in the U.S., U.K. and Asia Pacific. For NRIs who are considering settling down in India in future, Bangalore happens to be the most preferred choice. The booming IT sector is the major reason that is driving the NRIs to invest in Bangalore real estate. On the other hand, Ahmedabad is considered as a safe investment option owing to its lenient government policies regarding NRI investment in real estate. The city has been the most stable market pertaining to demand and good absorption of both residential and commercial properties. Pune takes the third position in the list of NRIs with 30.5% expected growth rate, Chennai at 28%, and Goa with 23%. Surprisingly, Delhi bags only 21% NRI interest in terms of property purchase. Previously, Non Resident Indians had inhibitions about investing in India’s...

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