REAL ESTATE, WHAT !
Real estate is one of the oldest forms of status symbol. The richer a person, the more land and buildings he owned. Till date, this notion has not changed totally, people do strive to amass land and own lavish mansions.
No doubt, the perspective of looking towards real estate has gone through quite a change, from status symbol to a prominent type of investment.
Whether or not to invest in real estate right now ? If yes, then which kind of property and where. Is it true that real estate prices have peaked out or it has more mileage left ?
MUMBAI
REALTY NEWS: Real estate prices of Mumbai are set for a down fall because of very high supply i.e. umpteen flats being built and lying idle. On the other hand, buyers are very reluctant due to dearer home loan rates and other financial factors affecting their pockets such as inflation. Thus, the demand side seems very low and saggy.
PROPERTY RANGE (Rs.per sqft)
Andheri 13000- 16500
Bandra 19850- 34750
Breach Candy 60950- 73400
Colaba 33750- 40600
Cuffe Parade 53050- 63450
Dadar 23000- 28000
Fort 28000- 33000
Kemps Corner 50550- 69200
Khar West 25500- 31000
Mahalakshmi 30900- 41400
Mumbai Central 22350- 27400
Parel 29250- 36600
Prabhadevi 32050- 39550
Santacruz 13750- 26800
Tardeo 36700- 41100
Walkeshwar 71000- 83000
Worli 33058- 40909
REALTY NEWS: In real estate arena of this city, opulence is the word which has engrossed it all around. Splurging for lavish living is catching the city like fever, this was not seen before.
PROPERTY RANGE (Rs.per sqft)
Airport Road 3850- 4850
Brooke Field 3700- 4300
Banashankari 3750- 4500
Electronic City 2800- 4200
Frazer Town 6000- 8000
Jayanagar 6700- 8050
Indira Nagar 4950- 5950
Koramangala 5400-8000
Malleshwaram 6550- 7700
M G Road Area 8000- 11000
Sarjapur 4000- 4500
Ulsoor 5100- 6500
PUNE
REALTY NEWS: Group buying has emerged as a trend in Pune city. People approach a builder in groups to buy flats, especially in developing areas. Thus, getting the bargaining power, benefit of being able to choose their neighbours and easy settlement in a new environment.
PROPERTY RANGE (Rs.per sqft)
Aundh 5600- 5800
Baner Road 4900- 5600
Bibwewadi 4650- 5700
Boat Club Road
Bund Garden 6500- 8600
Camp 5500- 7500
Kalyani Nagar 5700- 6950
Koregaon Park 6400- 7800
Kothrud 5650- 6750
Kondhwa 3500- 4800
Magarpatta 5000- 6850
Pashan 4250- 4750
Sadhuwaswani Chowk 7800- 8800
Sopan Baug 6550- 7800
Wanowrie 4800- 5600
REALTY NEWS: Reforms in the Real Estate Bill is a must for the realty to take off in Delhi
PROPERTY RANGE (Rs.per sqft)
Anand Niketan 31000- 35000
Defence Colony 26450- 30950
East of Kailash 13400- 16300
Greater Kailash II 17750- 21000
Hauz Khas 17400- 20350
Jangpura Extension 19000- 22000
New Friends Colony 17100- 20850
Panchsheel Enclave 22000- 25000
Safdarjang Dev Area 25000- 30000
Saket 22000- 34500
Sarvodaya Enclave 20000- 23000
South Extension II 19000- 21500
Vasant Vihar 27000- 45000
Gurgaon
Noida
Sector- 44 9750- 11600
Sector- 29 5350- 6300
Sector- 50 5900- 6900
CHENNAI
REALTY NEWS: Property and Asset Management is a new concept which has taken Chennai’s realty sector off its feet. It’s a totally new concept wherein the property management company takes care of all the maintenance, legal and other necessary works related to a residential society.
PROPERTY RANGE (Rs.per sqft)
Adambakkam 4300- 4700
Adyar 9350- 11200
Alwarpet 9000- 18000
Anna Nagar 9000- 14000
Besant Nagar 9400- 11900
Chromepet 4000- 4350
Kilpauk 8250- 9650
Kilkattalai 4050- 4450
Kodambakkam 6050- 7350
Perungudi 4400- 4800
Raja Annamalai Puram 11500- 13250
T Nagar 8750- 10850
Thiruvanmiyur 7700- 8800
Thorapakkam 4350- 4700
Vadapalani 5400- 6750
Valasaravakkam 4500- 5200
Velacheri 5250- 5900
Virugambakkam 5150- 6100
REALTY NEWS: In Hyderabad
PROPERTY RANGE (Rs.per sqft)
Ameerper 3150- 3700
Bajara Hills 4100- 12050
Begumpet 3400- 4050
D D Colony 3450- 3950
Gachibowli 3150- 3800
Jubilee Hills 4350- 1000
Padamrao Nagar 3350- 3850
Sanatnagar 3300- 3600
Somajiguda 3550- 4300
KOLKATA
REALTY NEWS: Real Estate prices in Kolkata are not on the outer edge thus, scope for a moderate movement upwards cannot be ruled out, but the growth factor is missing in the city.
PROPERTY RANGE (Rs.per sqft)
Alipore 11000- 12500
Ballygunge 6700- 8600
Beleghata 4500- 5700
Bhawanipur 6200- 6700
Deshapriya Park 3900- 4650
Gariahat 6500- 7600
Jadavpur 3600- 4000
Kasba 3800- 4000
New Alipore 5100- 6600
New Town 3300- 4400
Southern Avenue 7600- 8500
Shakespeare Sarani 9500- 13000
AHMEDABAD
REALTY NEWS: The city’s realty is witnessing an increased interest of NRIs. The rich Gujaratis living abroad are coming home to the loads of opportunities.
PROPERTY RANGE (Rs.per sqft)
Ashram Road 3350- 4800
Bodakdev 4200- 6250
Ghatlodia 3900- 5100
Gurukul 3650-4000
Navrangpura 4000- 4800
Ramdevnagar 3700- 7500
Satellite 5400- 6300
Thaltej 3750- 4300
Vastrapur 3900-4150
Precautions to be taken while buying a property:
- The title of the land should be clear, better if enquired at Government's Survey Department.
- The reputation of the builder has to be clean and respectable, there should not be any legal or social issues.
- The payment schedule and time for possession of your flat should be inked.
- Compare the prices of similar properties in vicinity.
- Experience of other buyers from the concerned builder.
