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Top 4 upcoming areas in Chennai to buy 2BHK flats
Posted on Sep 22, 2014
2BHK apartments in Chennai, primarily in the below Rs 70 lakh category. the top four are in the upcoming areas of Porur, Medavakkam, Madipakkam and Pallikaranai.

Porur
Porur is located strategically in the Mount-Poonamallee Road. It is also connected to Nungambakkam via the Arcot Road. With three IT SEZs (Special Economic Zones) coming up here it is fast becoming a major IT hub of Chennai.

Medavakkam
Medavakkam, another upcoming area in Chennai has over 220 projects in various stages of development. The Rs 40-50 lakh category tops the list of options with a choice of about 90 projects. This is followed by apartments priced in the Rs 30-40 lakh and Rs 50-60 lakh range. There are more than 50 projects each that fall in this category. The average price range in the area is Rs 4,400 per sq ft for a 2BHK apartment.

Madipakkam
The average price range of 2BHK units in Madipakkam is Rs 4,700 per sq ft. The area has nearly 200 projects of which 80 are in the Rs 40-50 lakh category. This is followed by the Rs 30-40 lakh segment with over 60 projects. Of these about 126 are builder floors while over 65 are multi-storey apartments.

Pallikaranai
Pallikaranai has approximately 155 projects out of which over 25 are new launches. Majority of them are builder floor apartments with a few multi-storey ones located strategically a little in the interiors. You can get a 2BHK unit in a price range of Rs 4,300-4,500 per sq ft, with more than 50 projects in the Rs 30-40 lakh category, followed closely by the slightly higher Rs 40-50 lakh segment.

Source: Kanchana Dwarakanath, Magicbricks.com Bureau

Beware of the offers that use your loan eligibility
Posted on Sep 22, 2014
A new trend that has been emerging in some parts of Bangalore is of brokers targeting candidates who are eligible for home loan with the lure of making money on the side. Several queries have been posted on Open House, asking for advice. Hence, we decided to talk to experts about it. The deal was that Krishnamoothi avails a home loan for a specific ...
Source: Kanchana Dwarakanath, Magicbricks.com Bureau

40 Years Ago...and now: Home loan: A tale of three institutions
Posted on Sep 22, 2014
D B Remedios was the first borrower of HDFC, which was the first organised player in the home loan market. Remedios took a Rs 30,000 loan at a fixed rate of 10.5 per cent in 1978. The amount was less than half the total amount of Rs 70,000 that he spent to build a house in Mumbai's Malad. The minimum that most borrowers seek is 65-80 per cent of th ...
Source: http://www.business-standard.com/article/pf/40-years-ago-and-now-home-loan-a-tale-of-three-institutions-114091400747_1.html

Central Chennai buyers expect prices to rise!
Posted on Sep 22, 2014
Chennai are the most positive in Central Chennai. People expect property prices to rise in localities of central Chennai in the next few months. The primary reason behind the current positive buyer sentiments in Central Chennai is the availability of suitable products which were not available before in these locations. Central Chennai locations suc ...
Source: Sruthi Kailas, Magicbricks.com Bureau

Redevelopment pushes Krishna Nagar realty
Posted on Sep 22, 2014
Prices in most parts of Delhi becoming out of reach of property buyers, the lesser known localities seem to enter the realty market. These localities are attracting buyers with re-developed housing units and metro connectivity. One such area is Krishna Nagar. Krishna Nagar has evolved as a well-maintained residential and commercial region of East D ...
Source: Pushpa Rawat, Magicbricks.com Bureau

Residential property market set for growth in Bangalore
Posted on Sep 22, 2014
Areas around Sarjapur Road and Electronics City extending up to Hosur have witnessed an increase in demand and the rise of a wide bouquet of residential options. Hosur Road is a stretch connecting Koramangala, BTM Layout, and Jayanagar to Electronics City. Over the years, this stretch has seen traction primarily from commercial and residential asse ...
Source: Times Property, The Times of India, Bangalore

55% property seekers are first time home buyers in Chennai
Posted on Sep 22, 2014
People working in the IT/ITeS and manufacturing units continue to drive housing demand with majority of the respondents in the age bracket of 25-39 years. 55 per cent stay on rented accommodation, so probably they are first time home buyers. In the Indian real estate market that aims to capture home buyer sentiments on property prices over the next ...
Source: Rishab Jain, Magicbricks.com Bureau

Scheme for cheaper home loans in the works by Centre
Posted on Sep 22, 2014
New Delhi: There may be some good news for home buyers in future as the government is planning to introduce the Real Estate Promotion and Regulation (Bill) in the next session of Parliament. Naidu said that the government is looking at bringing an interest subvention scheme aimed at affordable housing for the urban poor. We are soon going to provid ...
Source: http://www.eni.network24.co/india/scheme-for-cheaper-home-loans-in-the-works-by-centre-18889_2

Sriperumbdur, Oragadam offer housing options within Rs 20 lakh
Posted on Sep 19, 2014
The industrial hubs of Sriperumbdur and Oragadam have ample property options available within Rs 20 lakh. Chennai is also reeling under an over-supply of properties in the budget range of upto Rs 20 lakh. This trend is more prominent in the industrial and automobile hubs of Oragadam and Sriperumbdur. As per the latest Housing Sentiment Index (HSI) ...
Source: Sruthi Kailas. Magicbricks.com Bureau

Pune property investment: harnessing the boom at Dhanori and Charoli
Posted on Sep 19, 2014
Pune's real estate market is in a boom phase which shows no signs of slowing down. The challenge for property investors who want to make their fortunes in this city lies in finding the right locations among the confusing array of options. Pune is a growing city that delivers new investment hotspots with remarkable regularity. With IT / ITeS and man ...
Source: http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=25896&cat_id=1

A guide to investing in prime commercial property
Posted on Sep 19, 2014
The best of times, investing in commercial real estate requires forethought, research and planning. When tracking down the ideal commercial property for business operations or for investment, various factors such as soundness of location, the health of the local job market, current and future infrastructure initiatives in an area and migration patt ...
Source: http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=25897&cat_id=1

Eden Group Is Offering Flats and Properties for Sale in Kolkata at Reasonable Rates
Posted on Sep 19, 2014
Eden Group, located in Kolkata, a renowned real estate firm is offering flats & properties at affordable prices. The real estate firm blends innovative ideas with state of the art technology and best practices of the industry to build real estate with a difference. The real estate market in Kolkata is very promising and Eden Group ensures to of ...
Source: http://www.digitaljournal.com/pr/2179852

Mumbai faces an oversupply of properties worth Rs 2 crore and above
Posted on Sep 19, 2014
The harbour line and in central and south Mumbai, are facing an oversupply of properties in the Rs 2 crore and above. While the central and south Mumbai zone registered 15-17 per cent oversupply, harbour line saw an oversupply of approximately 25 per cent in the April-June 2014 quarter. Homebuyers are holding back money in the expectation of a pric ...
Source: Times Property, Mumbai/MagicBricks.com Bureau

Kothrud: A keen choice always in Pune
Posted on Sep 19, 2014
Kothrud is one most important suburbs located in Pune. Previously known as Kothrud Baug, this area is in the southwest part of Pune and falls under the Haveli Taluka. Karve Road and Paud Road run through Kothrud. Kothrud is the growth story of a micro market that has grown from a sleepy suburb into a bustling locality. Its realty growth is mainly d ...
Source: Times Property, The Times of India, Pune

Don't rush to switch banks for lower home loan rate, advise experts
Posted on Sep 16, 2014
MUMBAI: Despite some large banks and housing finance companies reducing home loan rates a few days ago, industry-observers and planners are advising borrowers to adopt a wait-and-watch approach instead of hurriedly switching lenders. The last few weeks have seen a flurry of activity in the home loan segment, led by major housing finance lenders. St ...
Source: http://economictimes.indiatimes.com/wealth/loan-centre/home-loans/analysis/dont-rush-to-switch-banks-for-lower-home-loan-rate-advise-experts/articlesh

Chandrababu Naidu's capital woes: Vijayawada beats Hyderabad in realty prices
Posted on Sep 16, 2014
NEW DELHI: Skyrocketing real estate prices could scupper Andhra Pradesh. Land prices in and around the city have risen sharply especially since the state was bifurcated three months ago. In a radius of about 15 km from Vijayawada, at current prices, builders will not be able to sell apartments within the city at less than Rs 9,000 per sq ft, which ...
Source: http://articles.economictimes.indiatimes.com/2014-09-09/news/53730729_1_land-prices-current-prices-real-estate-prices

Kilpauk maintains a balance between prices and upscale amenities
Posted on Sep 16, 2014
Chennai: Kilpauk, one of the prime areas of Chennai, reported a rise in the price of multi-storey apartments during the Apr-Jun 2014 quarter. These ranged within Rs 10,000-14,000 per sq ft, an increase of approximately 12 per cent as compared to the previous quarter. The price range puts Kilpauk between Annanagar (Rs 8,000-10,000 per sq ft) and Ada ...
Source: Times Property, Chennai/MagicBricks.com Bureau

Hyderabad: Rs 20L home is still a possibility!
Posted on Sep 16, 2014
The premium localities of Hyderabad are offering properties priced below Rs 20 lakh. Most of these are multi-storey and builder floor apartments with a built-up space of 400-800 sq ft, having 1 or 2BHK configuration. 1BHK apartment is available at a starting cost of Rs 13 lakh in Sainikpuri, Uppal and Chanda Nagar, while a slightly larger unit of 1 ...
Source: Surbhi Gupta, Magicbricks.com Bureau

Kothapet realty rises
Posted on Sep 16, 2014
Kothapet will soon be connected through the first phase of the Hyderabad Metro. On one hand, investors are delighted because of rising prices while on the other hand, prospective buyers are finding it difficult to meet these price demands. Kothapet real estate is one such area, where the upcoming metro connectivity within a 3-km radius is attractin ...
Source: Times Property, Hyderabad/MagicBricks.com Bureau

Chembur gains prominence among homebuyers
Posted on Sep 16, 2014
Chembur, a suburban locality situated along the harbour line, is gaining preference among homebuyers in Mumbai. While affordability and connectivity are attracting end-users, the high rental returns and capital appreciation, are pulling in investors as well. With capital values ranging from Rs 15,100-19,700 per sq ft, it is considered one of the af ...
Source: Times Property, Mumbai/MagicBricks.com Bureau




Recent Articles
Top 4 upcoming areas in Chennai to buy 2BHK flats
Beware of the offers that use your loan eligibility
40 Years Ago...and now: Home loan: A tale of three institutions
Central Chennai buyers expect prices to rise!
Redevelopment pushes Krishna Nagar realty
Residential property market set for growth in Bangalore
55% property seekers are first time home buyers in Chennai
Scheme for cheaper home loans in the works by Centre
Sriperumbdur, Oragadam offer housing options within Rs 20 lakh
Pune property investment: harnessing the boom at Dhanori and Charoli

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