International Flavor in Bangalore Architecture
Jun11

International Flavor in Bangalore Architecture

Post-independence, architecture and landscape design in India represents collective thinking, which is shaped by socio-cultural traditions, political thinking, economic policies, and international standards. Bangalore, being one of the fastest developing metropolises of modern India, typically mirrors architecture style that reinterprets international flavor. Of late, the city has witnessed the growing influence of international architects who provide an international touch to both residential and commercial sectors. International architects are currently leading the high-end segment of Bangalore’s architecture style, bringing in global trends and blending the same with unique local-ethnic ideas to develop a hybrid design that caters to the taste and preferences in India. Bangalore is witnessing consistent demand for residential and commercial space by the rapidly flourishing IT sector, which has led to a growth of the construction industry at a fast pace. No wonder, architects are having a good time over the past two decades, with unparalleled opportunity for creativity and innovation in architecture and landscape. Now, they are all set to improve their footprint in modern real estate scenario as high-end properties are doing well in the city currently. Foreign Influence in Bangalore’s Architectural Design In Bangalore, Whitefield, Sarjapur, Marathahalli, Kanakapura, and parts of North Bangalore such as Devanahalli and Hebbal are witnessing extensive real estate properties that mirror cutting-edge international design trends. Such design trends, with international flavor, are prominently targeted at the younger working population, especially from the IT sector, which as migrated to the West in pursuit of lucrative career opportunities and a modern lifestyle in Bangalore. However, the “international revolution” isn’t typical of an elderly middle-class population of Bangalore since majority of them prefer staying in houses with traditional designs. In certain cases, the younger generation demonstrates a propensity to buy apartments with state-of-the-art international facilities to ensure a comfortable stay. Today, modern Bangalore represents luxury villas that are meticulously built in San Francisco or Italian style, giving an international touch to the landscape. Moreover, there is a growing demand for row houses as that in England as well as independent houses within the gated community as you can find in Bellevue in Seattle or Albany in New York. The international architects strive to replicate the real estate architectural designs of Europe and the U.S. in residential and commercial landscape of Bangalore. From an overall perspective, luxury residences and commercial spaces built on international style are relatively high in demand and doing well. Therefore, it has been possible for the builders to ask for high operating margins. International architects have assessed the potential of Bangalore’s real estate market and are confident that the city is all set to make the giant leap towards...

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Emergence of Dwarka Expressway
May28

Emergence of Dwarka Expressway

With the growing urban population across the National Capital Region and increasing preference of consumers to stay closer to work places as well as opt for hassle free & faster routes to work places, prompted Haryana Urban Development Authority (HUDA) to commission  an eight-lane expressway, known as Dwarka Expressway also known as the Northern Peripheral Road. The Dwarka Expressway Corridor starting at Dwarka, New Delhi and terminates at Kherki Dhaula on NH-8, Gurgaon has turned out to be a big attraction for real estate developers, investors and end users alike in the last 4-5 years. The entire Expressway stretch will act as an alternate link road between Delhi and Gurgaon. The biggest influential role the expressway is expected to play is to ease the traffic situation on the Delhi-Gurgaon Expressway. The entire 18 km long expressway project is being developed by India bulls Group under public private partnership (PPP). Backed by powerful infrastructure development plan for the stretch, Dwarka-Gurgaon Expressway is now registering the biggest real estate development. The eight lanes, 150 meter wide and 18 km long Dwarka Expressway will play an important role for the daily commuters from Delhi to Gurgaon and vice versa. The expressway will be providing them a congestion free travel especially when the Delhi- Gurgaon Expressway has witnessed highest number in traffic volume growth. Once finished, Dwarka Expressway is expected to be one of the best motorways to journey from Delhi to Manesar. Real Estate Developers with their projects in Dwarka, Gurgaon and along the Expressway are depending on the completion of the Expressway project to get them the desired return on investment (ROI). More than 33,000 houses are under construction along different sectors of Dwarka-Gurgaon Expressway. Around 50% of the expected houses will be ready for possession in the next 12-18 months period. Proximity to the IGI airport, the Delhi Aero City, and the forthcoming Diplomatic Enclave in Dwarka, the Dwarka Expressway has achieved similar growth rate curve as premium Gurgaon locations like Golf Course Extension Road and National Highway (NH)-8. With the increasing number of corporates & MNC’s operating out of Gurgaon, coupled with the locational advantages, Dwarka-Gurgaon Expressway has emerged as an attractive alternative destination for residential users eyeing either Dwarka or Gurgaon. Dwarka Expressway, a boon to real estate The completion of Dwarka-Gurgaon Expressway will give huge boost to the real estate development in this area. As a number of properties start getting completed on this expressway, more and more end users will be interested to moving here. Over the period of time, Dwarka Expressway will evolve into a seamlessly prime real estate destination for variety of end users...

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Nice Corridor Bangalore
May21

Nice Corridor Bangalore

The addition of NICE corridor to the city of Bangalore symbolizes rapid development of infrastructure to the city and ensures to support the growth opportunities in the IT hub of the country. The Bangalore-Mysore Expressway as it is known otherwise is a proposed 4 to 6 lane private tolled expressway. It forms an important link between the two cities in Karnataka, Mysore and Bangalore. The entire project is being developed by Nandi Infrastructure Corridor Enterprise (NICE). The plan is to build and develop a 6 lane expressway between Bangalore city and Mysore city. The expressway is planned to be 111 km long with a 9.1km link road into downtown Bangalore. NICE will collect toll and maintain the expressway after its completion. The six-lane expressways will consist of the following parts: The outer peripheral road of Bangalore is 109km long. The southern section of the outer peripheral road which is almost 41km is already completed and developed by NICE. This part of the road runs in between the NH-7, also known as the Hosur Road which provides connectivity to Chennai and NH-4, also known as the Tumkur Road which provides connectivity to Mumbai. The link road which is 9km long connects the outer peripheral road to Bangalore city at Outer Ring Road near Banashankri Phase 6 also known as Hoskeralli presently and further down will merge with  State Highway SH-17 also known as Mysore Road. A 3km stretch of elevated link road would connect the existing link road to downtown Bangalore at Town Hall / MG Road. This section of the road is yet to commence work. 111km of Bangalore-Mysore expressway, connecting, Mysore city and Bangalore city at the outer peripheral road. The work is still in progress and will be completed in the next two to three years.  Features: Some of the features of the expressway and the NICE project include an integrated Real Estate Development Master Plan. Five townships have been proposed to south of Mysore Road (SH17) which are to subsidize the expressway costs. The nature of the townships proposed include some of the best facility centers: Corporate Centre Commercial Centre Industrial Centre Heritage Centre Eco-Tourism Centre The addition of infrastructure to the city of Bangalore, will help to decongest the over populating city. With a slew of growth opportunities planned along the corridor, the end users will be focusing on the new areas, thereby reducing pressure on the existing city. The futuristic infrastructure planned and developed along the corridor is sufficient to support the demand pressure of the population growth for next 2-3 decades. It is estimated that the proposed townships will accommodate approximately 2mn people...

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Real Estate Investment
Feb03

Real Estate Investment

Bungalows vs Flats: Sometimes it can be very confusing for a buyer that whether he/she should invest on a flat or a bungalow. Many factors contribute influences a buyer in taking the final decision such as: • Finance • Location • Facilities • Connectivity Income of an individual definitely determines the affordability aspect before investing in a flat or a bungalow. Sometimes the above mentioned factors influence the price of a property in a big way which makes investing either very costly or affordable for an individual. However majority of the income segment group look to invest in a flat rather than bungalows, as per the current real estate trends in country. While bungalows offer a more of a long term corporate leases with a greater chance for them to invest in. Investing in bungalow which is a part of the newly launched project can be affordable with sizeable amount of capital investment. While the rental yield can be a bit lower for such a property, but the prices can increase proportionately over the period of time. However, investing in a bungalow which is not located in a prime location, but is well connected to some of city’s major economic drivers such as the airport, employment hubs like IT parks and various other industrial zones can be a very smart decision. The biggest vantage point for an individual or a group investing in an upcoming bungalow is that the prices will grow steadily. The development in its surrounding areas such as the basic civic and social infrastructural amenities will contribute to the rising price. Moreover, it is still important to consider and assess the financial impact when investing in a bungalow. Influential factors such as property tax and maintenance cost contribute in a big way to the rising price of bungalows in comparison to flats. However if you consider the location, property size and assessment of the potential rental yield of a bungalow, then the return on investment is much bigger than returns from investing in a flat. Investors with a long term plan of leasing out property and returns can certainly reap the benefits of investing in a bungalow. One of the major reasons which benefit the investors while purchasing a bungalow is that a bungalow is constructed on a piece of tangible land with its compound area locked and secured. This makes bungalows earn a lot of value in real estate industry, in comparison to flats. On the other hand, when it comes to the flats, it’s an entirely different proposition in real estate. The share of land size allotted per flat is a little less in...

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