Yamuna Expressway is a 165-kilometres-long stretch that connects Greater Noida with Kanpur and Agra in UP. A six-lane expressway that would later be extended to eight lane up to Lucknow, it’s one of the longest controlled-access expressways in India.
The expressway is well-connected to various amenities in the vicinity, such as hotels, motels, schools, banks and hospitals via an excellent network of railways and roadways. Already, a clutch of schools, namely Patriot Public School, CV International School, John’s Mary School, DS Public School, and Galgotias College of Engineering and Technology have sprung up along the Expressway.
Big hospitals include Yatharth Wellness Hospital & Trauma Centre, NIMT Hospital, Kailash Hospital, Metro Hospital and Heart Institute and Manyawar Kanshiram, which is a multi-Speciality facility.
For one of the fastest growing real-estate markets in the world, luxury living is emerging as one of the most promising sectors of the industry. So much so that this sector is not just attracting the interest of the domestic investors and developers but also of the Indian diaspora. The high aspiration of good living of High Net-Worth Investors and changing lifestyle are just two common factors that are driving this sector.
According to Kotak Wealth Management’s Top of the Pyramid 2016 report, cited by 99acres, if the same conditions continue to prevail, luxury projects are likely to witness 100 percent growth over the coming five years. In the financial year 2016, there were about 1.46 lakh boutique houses launched in India, and this number is likely to climb to 2.94 lakh by 2021, according to one conservative estimate.
Sudhir, a Noida-based art director with an advertising company has been toying with the idea of buying his own house for a long time now. He and wife, both working with multinational companies have been staying a plush, apartment on lease for the past three years and now when Sudha is expecting to be a mother in a couple of months, they want their child to arrive in their new home.
Since both are earning, and earning well, putting down a deposit on their own dream house is not a pipe dream for the young couple. They have already figured out how they are going to manage it. One’s salary will pay the equated monthly installments (EMI) on the home loan, while the spouse’s salary will take care of their other monthly expenses. Both realize that the time to invest in a good property is now, because they get burdened with child care expenses, schooling fee etc.
Basically, we want freedom from the hassle of paying rent every month,” quips Sudha. “…And we are mighty kicked with the idea of booking our pad on August 15, the Independence Day. For us, it would mean freedom from our landlord’s tyranny,” she jibes.
Mumbai or Bombay, as some sentimental people prefer to call it, once an archipelago of seven islands, is today a thriving metropolitan and the financial capital of India. It is a city bursting at the seams, what with thousands thronging to it, hoping the magic of the city rubs off on them too. Space has always been a constraint here because of which the city has grown vertically rather than horizontally. Mumbai has certain residential areas which are real estate gold as far as their value is concerned.
While most people in Mumbai choose a home which is closer to their work place, there are others who don’t mind a long daily commute as long as they get to stay in the area of their choice. Here’s a list of 10 areas in Mumbai which are an ideal place to own a home in –
So-Bo (South Bombay): Another old colloquial term for South Bombay is Town. Areas such as Cuffe Parade, Altamount Road, Neapensea Road, Malabar Hill etc. are its part. These are super- posh, exclusive and extremely expensive areas of the city. Some of Mumbai’s biggest movers and shakers happen to live in these areas (the Ambanis’, the Godrejs’ and the Tatas’ to name a few). The property prices in South Bombay are sky high and many people choose to live on rent here.
REITs (Real Estate Investment Trusts) are a great equalizer for the Indian real estate industry as they will open the doors for investors from across the spectrum to make safe and secure investments in the country’s realty market. After Securities and Exchange Board of India (SEBI) relaxed their REIT regulations, realty stocks surged by 4%. For the uninitiated,an REIT is a firm which possesses and/or finances revenue-generating real estate properties. REITs allow all kinds of smaller and larger investments in large-scale properties bringing in the concepts of diversified and long-term investing in the realty sector.
The REITs providing a platform to pool money for investment in properties, especially commercial ones, are first required to be registered via an initial public offering. Just like stocks, investors can buy REITs as securities from both the primary and secondary markets. REITs are registered with stock exchanges and are structured like trusts with their objective being able to provide investors with dividends acquired from the sale money of assets such as offices, residential units, hotels, shopping centres and warehouses etc. Other than the above advantages, REITs are expected to usher in the following changes in the Indian realty market: [Read more…]
Pune, the second most populous city in Maharashtra is also among the fastest growing cities in the Asia – Pacific region. Known for its manufacturing, information technology and automobile industries and its educational and vocational institutes, Pune is top-ranked amongst the Indian cities with high quality of life. A paramount business centre and a residential investment hub, growing at break-neck speed, Pune surely needs areorganization of its infrastructure so that its growth is uniform rather than random.
A typical solution to equally distribute movement and development in a big city like Pune is to cultivate a Ring Road in the outskirts of the city. A 120+ kilometre long Ring Road was proposed in 2007 in Pune which was aimed to be a rapid-transport corridor around Pune and Pimpri Chinchwad with residential and commercial stretches along the way. A collective brainchild of Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation, Pune’s Ring Road’s intended purpose was to keep the heavy traffic, from the three National Highways (NH-4, 9, 50) converging in Pune, outside city limits. [Read more…]
RERA or the Real Estate (Regulation and Development) Act, 2016 passed in March 2016 in the Indian parliament is the law which attempts to streamline the Indian Real Estate Industry. This Act has been implemented throughout the nation from May 1st 2017. RERA, also a government body with the namesake of its governing law, will deal with the regulation, execution and functioning required in channelizing the builders, buyers and real estate agents of the industry, encouraging them to indulge only in fair practices and contribute in the wholesome development of the country.
RERA has been hailed as a buyer-friendly law, one which will bring accountability, reliability and transparency to the real estate industry of our country. The Minister of Housing and Urban Poverty Alleviation has also affirmed that it is one of the most consumer friendly laws and that states have no power to dilute its provisions. He also has said that the law will make “buyer the king”. [Read more…]
Jewar International Airport in Greater Noida is a much awaited project for the entire National Capital Region (NCR). Over the years, it has gone through several regulatory approvals, jumping through hoops one by one.
Recently, the Jewar Airport project was revived by UP CM Yogi Adityanath. He gave it a green signal and instructed concerned officials to accelerate the process of getting approvals so that the construction work can start at the earliest. In July 2016, the Union government had sought an Obstacle Limitation Survey (OLS) of the airport site at Jewar from the state government. But the state is yet to send that report to the civil aviation ministry. CM also directed the officials to coordinate with civil aviation ministry soon. [Read more…]