Q:
Bangalore real estate market is really doing good. The southern Indian city is now the countrys leading real estate destination
My replies to this discussion
Over the years, Bengaluru as a city has witnessed massive development & infrastructural
growth. Factors like phenomenal transport routes, good return on investment, FDIs, HNIs, world
class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. At
present, Bengaluru North is being recognised as one of the growth corridors of Bengaluru. Since the
commencement of Bengaluru International Airport, nearby areas like Devanahalli, Nandi Hills,
Thanisandra, Hennur Road & Yelahanka have been witnessing massive growth. Since Work from Home is going to be the new norm especially in IT Companies,the IT Executives residing in the city will prefer to move to places like Nandi Hills for a peaceful environment. If you are looking to choose North Bengaluru as an investment option, buying a property in Nandi Hills is the best choice.Over the years, Bengaluru as a city has witnessed massive development & infrastructural
growth. Factors like phenomenal transport routes, good return on investment, FDIs, HNIs, world
class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. At
present, Bengaluru North is being recognised as one of the growth corridors of Bengaluru. Since the
commencement of Bengaluru International Airport, nearby areas like Devanahalli, Nandi Hills,
Thanisandra, Hennur Road & Yelahanka have been witnessing massive growth. Since Work from Home is going to be the new norm especially in IT Companies,the IT Executives residing in the city will prefer to move to places like Nandi Hills for a peaceful environment. If you are looking to choose North Bengaluru as an investment option, buying a property in Nandi Hills is the best choice.
My replies to this discussion
1. For Non High Rise Buildings having height up to 18.3 M can have a maximum FSI of 2.0 with following conditions
a) With Dwelling units greater than 16 Nos or exceeds commercial building of 300 Sqm
i. Road width to be greater than 9.0 M
ii. Setbacks are as prescribed basis the building height
a) With Dwelling units less than 16nos or Commercial building less than 300 Sqm
i. Minimum road width is 3.0 M
ii. Maximum no of units are linked with the road width
iii. Set-backs and building height are linked with the road width
2. For High Rise Buildings exceeding 18.3 M the FSI again depends upon the road width and is as
i. FSI of 2.0 for Road width 12.0 M or more
ii. FSI of 2.5 for Road width 15.0 M or more
iii. FSI of 3.25 for road width 18.0 M or more
iv. Setbacks are as prescribed basis the building height
3. For above details and more like Premium FSI, FSI for other constructions e.g. hospitals, IT, malls etc. may kindly refer the TNCDBR,2019, latest issued building ru1. For Non High Rise Buildings having height up to 18.3 M can have a maximum FSI of 2.0 with following conditions
a) With Dwelling units greater than 16 Nos or exceeds commercial building of 300 Sqm
i. Road width to be greater than 9.0 M
ii. Setbacks are as prescribed basis the building height
a) With Dwelling units less than 16nos or Commercial building less than 300 Sqm
i. Minimum road width is 3.0 M
ii. Maximum no of units are linked with the road width
iii. Set-backs and building height are linked with the road width
2. For High Rise Buildings exceeding 18.3 M the FSI again depends upon the road width and is as
i. FSI of 2.0 for Road width 12.0 M or more
ii. FSI of 2.5 for Road width 15.0 M or more
iii. FSI of 3.25 for road width 18.0 M or more
iv. Setbacks are as prescribed basis the building height
3. For above details and more like Premium FSI, FSI for other constructions e.g. hospitals, IT, malls etc. may kindly refer the TNCDBR,2019, latest issued building ru
My replies to this discussion
Few of the regular Approval authorities for a residential building construction in Chennai are
1. Chennai Metropolitan Development Authority (CMDA)
2. Department of Fire and Rescue Services (DFRS)
3. Airport Authority of India (AAI)orIndian Air Force(IAF)
4. Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB)
5. Chennai Traffic Police Department
6. Road Owning Agency (CMDA, PWD, NHAI)
7. Water Resources DepartmentorCMWSSB
8. State Level Environment Impact Assessment Authority, TN
9. Village PanchayatorPachayat union
10. Pollution Control Board (air & water)
11. Central Public Works Department (CPWD)orPWD
12. National Monument Authority (NMA)
13. Archaeological Survey of India (ASI)
14. Ministry of Environment and forests
15. Railway Authority or Port Trust or Defence
16. Heritage Conservation Committee
17. Tamil Nadu Electricity BoardorCEIG
18. Central Ground Water Authority (CGWA)
19. Lift InspectorFew of the regular Approval authorities for a residential building construction in Chennai are
1. Chennai Metropolitan Development Authority (CMDA)
2. Department of Fire and Rescue Services (DFRS)
3. Airport Authority of India (AAI)orIndian Air Force(IAF)
4. Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB)
5. Chennai Traffic Police Department
6. Road Owning Agency (CMDA, PWD, NHAI)
7. Water Resources DepartmentorCMWSSB
8. State Level Environment Impact Assessment Authority, TN
9. Village PanchayatorPachayat union
10. Pollution Control Board (air & water)
11. Central Public Works Department (CPWD)orPWD
12. National Monument Authority (NMA)
13. Archaeological Survey of India (ASI)
14. Ministry of Environment and forests
15. Railway Authority or Port Trust or Defence
16. Heritage Conservation Committee
17. Tamil Nadu Electricity BoardorCEIG
18. Central Ground Water Authority (CGWA)
19. Lift Inspector
My replies to this discussion
At present, Nandi Hills is being recognised as one of the growth corridors of Bengaluru North. The Nandi Hills region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. The biggest change expected post COVID-19 Crisis is the migration of working class to places that are less crowded & away from pollution. Remote Working concept looks likely to be the new norm especially in IT Companies, the IT Executives residing in the city will prefer to move to places like Nandi Hills for a peaceful environment. The best & realistic choice is to go for a safe & soothing environment nearby like Nandi Hills where you can get the property of your choice at almost half the investment for a property in Devanahalli.At present, Nandi Hills is being recognised as one of the growth corridors of Bengaluru North. The Nandi Hills region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. The biggest change expected post COVID-19 Crisis is the migration of working class to places that are less crowded & away from pollution. Remote Working concept looks likely to be the new norm especially in IT Companies, the IT Executives residing in the city will prefer to move to places like Nandi Hills for a peaceful environment. The best & realistic choice is to go for a safe & soothing environment nearby like Nandi Hills where you can get the property of your choice at almost half the investment for a property in Devanahalli.
My replies to this discussion
The proposed 265-km expressway between Bengaluru and Chennai once implemented will cut down fuel consumption and travel time between the two cities to less than four hours. The proposed expressway will start from Hoskote in Banglore to Sriperumbudur (about 40km from Chennai city). And since its width will be 90 metres, there will be ample space for vehicles, hence countering traffic problems. Those traveling between the two cities can enter Chennai by coming out of expressway onto the NH48 . This expressway will immensely boost several real estate markets especially the Poonamalle-Thirumazhasai stretch which are poised markets for affordable housing segment priced between INR 25-50 lakhs. Few prominent real estate projects, which will be, are to be benefited from this development are Godrej Palm, WestWind by Developer Group, Santorini by Tata Value Homes, Urbanize etc. Having advantage of great flood safe zone attracts IT developments, data centre(s) housing and Service apartments.The proposed 265-km expressway between Bengaluru and Chennai once implemented will cut down fuel consumption and travel time between the two cities to less than four hours. The proposed expressway will start from Hoskote in Banglore to Sriperumbudur (about 40km from Chennai city). And since its width will be 90 metres, there will be ample space for vehicles, hence countering traffic problems. Those traveling between the two cities can enter Chennai by coming out of expressway onto the NH48 . This expressway will immensely boost several real estate markets especially the Poonamalle-Thirumazhasai stretch which are poised markets for affordable housing segment priced between INR 25-50 lakhs. Few prominent real estate projects, which will be, are to be benefited from this development are Godrej Palm, WestWind by Developer Group, Santorini by Tata Value Homes, Urbanize etc. Having advantage of great flood safe zone attracts IT developments, data centre(s) housing and Service apartments.
My replies to this discussion
The Chennai Port Maduravoyal Expressway, BOT model is a 19 km long, country largest elevated expressway under construction at a cost of Rs.16,550 million, Rs.3,100 million set aside for land acquisition, rehabilitation and resettlement. It runs along the banks of the Cooum upto Koyambedu and along the median of NH4 thereon till it reaches Maduravoyal. This would ease the congestion and promote trade through Chennai port by cutting down the distance by 30 km and facilitating freight carriers from Sriperumbudur Oragadam industrial belt to the Chennai port and reducing traffic along Vandalur via ORR or Minjur by connecting two ends of the city.
The main area that is expected to benefit the most is Poonamallee, one of the most affordable hubs in Chennai with over 100 projects in the area consisting mostly ready to move in homes. The property prices here vary from Rs.4000 to 6000 per sqft and with proximity to the upcoming expressway, the attractiveness of the area is bound to increase.The Chennai Port Maduravoyal Expressway, BOT model is a 19 km long, country largest elevated expressway under construction at a cost of Rs.16,550 million, Rs.3,100 million set aside for land acquisition, rehabilitation and resettlement. It runs along the banks of the Cooum upto Koyambedu and along the median of NH4 thereon till it reaches Maduravoyal. This would ease the congestion and promote trade through Chennai port by cutting down the distance by 30 km and facilitating freight carriers from Sriperumbudur Oragadam industrial belt to the Chennai port and reducing traffic along Vandalur via ORR or Minjur by connecting two ends of the city.
The main area that is expected to benefit the most is Poonamallee, one of the most affordable hubs in Chennai with over 100 projects in the area consisting mostly ready to move in homes. The property prices here vary from Rs.4000 to 6000 per sqft and with proximity to the upcoming expressway, the attractiveness of the area is bound to increase.
Q:
Since it's so far away from city. I am basically looking for long term investment purpose. Anyone let me know any reputed developer having layouts there
My replies to this discussion
Bengaluru popularly recognized for its excellent weather, now it is known as the Silicon Valley of India. The Nandi Hills Region is already a prime investment & weekend getaway option for folks due to it being a tourist hotspot. As things look at present, Work from Home is going to be the new norm especially in IT Companies, the region is now witnessing unprecedented demand for properties. Proximity to the Airport, Availability of Space, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the major factors of increasing demand in this region. Therefore, it is definitely recommended to look for properties in this part of the city. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.Bengaluru popularly recognized for its excellent weather, now it is known as the Silicon Valley of India. The Nandi Hills Region is already a prime investment & weekend getaway option for folks due to it being a tourist hotspot. As things look at present, Work from Home is going to be the new norm especially in IT Companies, the region is now witnessing unprecedented demand for properties. Proximity to the Airport, Availability of Space, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the major factors of increasing demand in this region. Therefore, it is definitely recommended to look for properties in this part of the city. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.
My replies to this discussion
Bengaluru-popularly recognized for its excellent weather, now it is known as the Silicon Valley of India.The Nandi Hills Region is already a prime investment & weekend getaway option for folks due to it being a tourist hotspot. As things look at present, Work from Home is going to be the new norm especially in IT Companies, the region is now witnessing unprecedented demand for properties. Proximity to the Airport, Availability of Space, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the major factors of increasing demand in this region. Therefore, it is definitely recommended to look for properties in this part of the city. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.Bengaluru-popularly recognized for its excellent weather, now it is known as the Silicon Valley of India.The Nandi Hills Region is already a prime investment & weekend getaway option for folks due to it being a tourist hotspot. As things look at present, Work from Home is going to be the new norm especially in IT Companies, the region is now witnessing unprecedented demand for properties. Proximity to the Airport, Availability of Space, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the major factors of increasing demand in this region. Therefore, it is definitely recommended to look for properties in this part of the city. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.
Q:
What are the ways that real estate will change forever?
My replies to this discussion
Decentralization, redistribution and restructuring will be major themes of this transformation.
Home as the key driver. The home will gain more prominence over place of work and influence urban development and our real estate choices. People choose to move away from the polluted and congested parts of the city.
The new office. Shop cum office, independent offices etc. shall be more preferred than office spaces with central AC
Reimagining retail. Online buying instead of malls and physical stores, Style strip malls and outlet centres, shops and showrooms with their own air-conditioning, which would minimize common area maintenance charges.
The investment bets. Student housing, co-living and data centre hosting are the other niches which are attracting institutional investors, along with increasing demand for warehousing
Flux in consumer housing. Consolidation like strong brands survival, JVs, land sales shall pick pace. Customer centricity and the use of technology will be resultDecentralization, redistribution and restructuring will be major themes of this transformation.
Home as the key driver. The home will gain more prominence over place of work and influence urban development and our real estate choices. People choose to move away from the polluted and congested parts of the city.
The new office. Shop cum office, independent offices etc. shall be more preferred than office spaces with central AC
Reimagining retail. Online buying instead of malls and physical stores, Style strip malls and outlet centres, shops and showrooms with their own air-conditioning, which would minimize common area maintenance charges.
The investment bets. Student housing, co-living and data centre hosting are the other niches which are attracting institutional investors, along with increasing demand for warehousing
Flux in consumer housing. Consolidation like strong brands survival, JVs, land sales shall pick pace. Customer centricity and the use of technology will be result
Q:
Is it a good decision and investment during COVID? I am new to real estate. Please guide me.
My replies to this discussion
Since the commencement of Bengaluru International Airport, the North Bengaluru Region has witnessed tremendous growth & there has been an ever-increasing demand for investment since then. The biggest learning from the pandemic is that Remote Working is also possible in organisations. This norm is going to stay in the IT Companies. Therefore, places like Nandi Hills that are away from the city are now witnessing huge demand as people are looking to shift to places where they can get a peaceful environment away from the crowd & pollution. It is highly recommended to look for plots especially in low density townships. If you are looking for Ready for Registration Plots in reputed developers, you can consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. You will get the property of your choice that too at the foothills of Nandi Hills at a much lesser price than your budget.Since the commencement of Bengaluru International Airport, the North Bengaluru Region has witnessed tremendous growth & there has been an ever-increasing demand for investment since then. The biggest learning from the pandemic is that Remote Working is also possible in organisations. This norm is going to stay in the IT Companies. Therefore, places like Nandi Hills that are away from the city are now witnessing huge demand as people are looking to shift to places where they can get a peaceful environment away from the crowd & pollution. It is highly recommended to look for plots especially in low density townships. If you are looking for Ready for Registration Plots in reputed developers, you can consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. You will get the property of your choice that too at the foothills of Nandi Hills at a much lesser price than your budget.
Q:
What are benefits of mixed use development?
My replies to this discussion
A mixed-use development is a real estate project with planned integration of some combination of retail, office, residential, hotel, recreation or other functions. It is pedestrian-oriented and contains elements of a live work play environment. The benefits of mixed-use buildings and properties include the following,
1.Mixed use developments tend to provide integrated set of products from real estate perspective which tend to self-sustain in mutual relationship
2.It maximizes space usage, has amenities and architectural expression and tends to mitigate traffic and sprawl.
3.Creating pedestrian-friendly environments thanks to the short distances between living, work, commercial and recreational destinations.
4.Stimulating more variety in the design of and options for single and multifamily housing.
5.Encouraging development within dense, more compact areas of land.
6.Such developments tend be more sustainable as compared to other exclusive asset classes.A mixed-use development is a real estate project with planned integration of some combination of retail, office, residential, hotel, recreation or other functions. It is pedestrian-oriented and contains elements of a live work play environment. The benefits of mixed-use buildings and properties include the following,
1.Mixed use developments tend to provide integrated set of products from real estate perspective which tend to self-sustain in mutual relationship
2.It maximizes space usage, has amenities and architectural expression and tends to mitigate traffic and sprawl.
3.Creating pedestrian-friendly environments thanks to the short distances between living, work, commercial and recreational destinations.
4.Stimulating more variety in the design of and options for single and multifamily housing.
5.Encouraging development within dense, more compact areas of land.
6.Such developments tend be more sustainable as compared to other exclusive asset classes.
Q:
Looking at the way, the real estate is booming in North Bengaluru; I am planning to buy a residential plot as an investment purpose. I already own a flat in Electronic city & I don’t have much idea about the North Bengaluru region. What are all the factors to be considered before buying a residential plot?
My replies to this discussion
The key factors that one must consider before investing in a plot are
Location is the most important factor to consider before purchasing a plot. You must look for areas where the growth scope is high. For Example, in recent times, Nandi Hills region in North Bengaluru is witnessing massive demand as people are looking to invest in places where they can get a peaceful environment away from the crowd and pollution.
Title deed verification is also important to check if the seller has a right over the property. The first step is to see the title deed of the land, which you are going to buy.
Check for the necessary approval documents and make sure it is verified by a lawyer.
Before buying a plot, it is important to confirm that the land is free from legal dues. For this, check the Encumbrance Certificate which is given at the Sub-registrar office.
Go for reputed developers or builders only.The key factors that one must consider before investing in a plot are
Location is the most important factor to consider before purchasing a plot. You must look for areas where the growth scope is high. For Example, in recent times, Nandi Hills region in North Bengaluru is witnessing massive demand as people are looking to invest in places where they can get a peaceful environment away from the crowd and pollution.
Title deed verification is also important to check if the seller has a right over the property. The first step is to see the title deed of the land, which you are going to buy.
Check for the necessary approval documents and make sure it is verified by a lawyer.
Before buying a plot, it is important to confirm that the land is free from legal dues. For this, check the Encumbrance Certificate which is given at the Sub-registrar office.
Go for reputed developers or builders only.
Q:
What is the Impact of Residential Sector after COVID Pandemic
My replies to this discussion
1. Site visits to drop, impacting sales numbers.
2. Project deadlines to extend, pushing completion further owing to shortage of labor and liquidity challenges
3. Overall cost of project to increase amid delays and supply constraints.
4. Inventory levels to increase, intensifying pressure on builders.
5. Prices might move slightly upwards despite the slow demand owing to increase in overheads and delays
6. Home loan interest rates to fall after repo rate cut to 4%.
7. NRI investment in real estate may improve amid rupee fall.
8. Domestic demand to fall in short term owing to shift in expenditure priorities
9. Cases of builder insolvency might increase as liquidity situations worsen.1. Site visits to drop, impacting sales numbers.
2. Project deadlines to extend, pushing completion further owing to shortage of labor and liquidity challenges
3. Overall cost of project to increase amid delays and supply constraints.
4. Inventory levels to increase, intensifying pressure on builders.
5. Prices might move slightly upwards despite the slow demand owing to increase in overheads and delays
6. Home loan interest rates to fall after repo rate cut to 4%.
7. NRI investment in real estate may improve amid rupee fall.
8. Domestic demand to fall in short term owing to shift in expenditure priorities
9. Cases of builder insolvency might increase as liquidity situations worsen.
Q:
What are those factors which differentiates Bangalore real estate market with other real estate markets of India?
My replies to this discussion
IT and Start up Capital -The ever-booming start-up scene and the IT companies have done wonders for the real estate sector in the city. Since most of the buyers are basically IT professionals, they generally opt for home loans for the transactions where cash involved is on the lower side.
Co living and Student housing -This is one of the concepts which has become quite popular especially among the working millennials and students residing in the city. Places like Sarjapur Attibele Road in the South and the Devanahalli region in the North are gaining traction in the market.
End User Need -The well developed, ready to move in properties in Bengaluru have always been built to suit the end users who are primarily young families looking to own a house in the city.
Excellent Weather Conditions -The excellent weather conditions all over the year in the city have propelled the young professionals working in the city to own a property and settle down in the city.IT and Start up Capital -The ever-booming start-up scene and the IT companies have done wonders for the real estate sector in the city. Since most of the buyers are basically IT professionals, they generally opt for home loans for the transactions where cash involved is on the lower side.
Co living and Student housing -This is one of the concepts which has become quite popular especially among the working millennials and students residing in the city. Places like Sarjapur Attibele Road in the South and the Devanahalli region in the North are gaining traction in the market.
End User Need -The well developed, ready to move in properties in Bengaluru have always been built to suit the end users who are primarily young families looking to own a house in the city.
Excellent Weather Conditions -The excellent weather conditions all over the year in the city have propelled the young professionals working in the city to own a property and settle down in the city.
Q:
What are the best places for a retirement home in Bengaluru?
My replies to this discussion
Bengaluru is one of the few cities in India that offers a pleasant climate, good standard of living, robust infrastructure, ample health care facilities and to top it, the ever booming job market. All these facilities have propelled the urban middle income segment to have a different vision of retirement all together. Over the years, Bengaluru has seen tremendous growth & now expands from Attibele in south to Nandi Hills in north. Anyone looking for a retirement home should always consider the areas that are far away from the pollution & crowd, which gives a peaceful place to stay. It is highly recommended to look for places like Devanahalli, Nandi Hills, Jigani, Seegehalli etc. which have affordable housing units. Due to the booming concept of vacation homes, Nandi Hills at present is on top of the list of property seekers. If you want to own a property in a very low density township at a scenic location, you can definitely consider North Gardens of Developer Group.Bengaluru is one of the few cities in India that offers a pleasant climate, good standard of living, robust infrastructure, ample health care facilities and to top it, the ever booming job market. All these facilities have propelled the urban middle income segment to have a different vision of retirement all together. Over the years, Bengaluru has seen tremendous growth & now expands from Attibele in south to Nandi Hills in north. Anyone looking for a retirement home should always consider the areas that are far away from the pollution & crowd, which gives a peaceful place to stay. It is highly recommended to look for places like Devanahalli, Nandi Hills, Jigani, Seegehalli etc. which have affordable housing units. Due to the booming concept of vacation homes, Nandi Hills at present is on top of the list of property seekers. If you want to own a property in a very low density township at a scenic location, you can definitely consider North Gardens of Developer Group.
Q:
Which locations have the maximum consumer demand in Bengaluru market? How’s the scenario post covid?
My replies to this discussion
The phenomenal transport routes, good return on investment, FDIs, HNIs, world class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. Since the commencement of Bengaluru International Airport, there has been an ever-increasing growth in Bengaluru North region. The nearby areas like Devanahalli, Nandi Hills, Thanisandra, Hennur Road & Yelahanka have been witnessing maximum consumer demand. The biggest change expected post COVID-19 Crisis is the emergence of remote working concept. The Nandi Hills Region is already a popular tourist location & prime investment option for people. Once things normalise post COVID crisis, the migration of people to places that are away from the hustle-bustle of the city is only going to supplement its growth. It is soon turning out to be the next success story of Bengaluru.The phenomenal transport routes, good return on investment, FDIs, HNIs, world class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. Since the commencement of Bengaluru International Airport, there has been an ever-increasing growth in Bengaluru North region. The nearby areas like Devanahalli, Nandi Hills, Thanisandra, Hennur Road & Yelahanka have been witnessing maximum consumer demand. The biggest change expected post COVID-19 Crisis is the emergence of remote working concept. The Nandi Hills Region is already a popular tourist location & prime investment option for people. Once things normalise post COVID crisis, the migration of people to places that are away from the hustle-bustle of the city is only going to supplement its growth. It is soon turning out to be the next success story of Bengaluru.
Q:
Impact on Office Space post COVID 19 oandemic in the Indian Realestate.
My replies to this discussion
1.Remote working to gain traction in future as businesses embrace work from home culture especially IT or ITES Sector
2.Higher investment likely in future office spaces to make them better prepared for crisis situations.
3.Office spaces to be less cramped and more thrust to be laid on air quality
4.Touchless access at lifts or entrances or vending machines etc to come to fore
5.Occupancy levels in office spaces to decline in the near term as remote working picks up.
6.NRI investment in real estate may improve amid rupee fall.1.Remote working to gain traction in future as businesses embrace work from home culture especially IT or ITES Sector
2.Higher investment likely in future office spaces to make them better prepared for crisis situations.
3.Office spaces to be less cramped and more thrust to be laid on air quality
4.Touchless access at lifts or entrances or vending machines etc to come to fore
5.Occupancy levels in office spaces to decline in the near term as remote working picks up.
6.NRI investment in real estate may improve amid rupee fall.
Q:
What will be the impact on Organised retail in Indian realestate post COVID Pandemic
My replies to this discussion
1. People may prefer to buy online and hence more pressure on Brick or Mortar Retail Stores
2. Footfalls to remain low in the Malls as these are susceptible to viral spread as per studies as of now
3. Cinema would be the worst hit segment in Malls followed by F&B
4. Rentals to fall in Malls1. People may prefer to buy online and hence more pressure on Brick or Mortar Retail Stores
2. Footfalls to remain low in the Malls as these are susceptible to viral spread as per studies as of now
3. Cinema would be the worst hit segment in Malls followed by F&B
4. Rentals to fall in Malls
Q:
How will the Coronavirus pandemic affect the demand for luxury housing?
My replies to this discussion
1. Changes in lifestyles after COVID-19, may spur the demand for sustainable designs in luxury homes
2. The demand for luxury homes will be very less compared to the situation before pandemic.
3. People may invest either on affordable housing or on mid segment houses or apartments due to the uncertainty in market conditions.
4. NRI customers may invest in luxury homes as there may be price reduction of luxury houses.1. Changes in lifestyles after COVID-19, may spur the demand for sustainable designs in luxury homes
2. The demand for luxury homes will be very less compared to the situation before pandemic.
3. People may invest either on affordable housing or on mid segment houses or apartments due to the uncertainty in market conditions.
4. NRI customers may invest in luxury homes as there may be price reduction of luxury houses.
Q:
What’s your review of North Gardens, Nandi Hills? I was initially planning Devanahalli as my investment option but now I feel going with a Nandi Hills project might be wise looking at the growth of the region.
My replies to this discussion
North Gardens of Developer Group is the first Japanese FDI in the Indian real estate sector. It is strategically located exactly at the foothills of the picturesque Nandi hills over an area of 47 Acres. The project is the best choice for those people looking for premium socially distant residential plots in a low density township. Anyone residing in the project will never get bored of the view of the hills & its equivalent of staying in a vacation home and carrying on with your work. This region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. Due to the success of remote working concept in recent times, people have realised its best to shift to places where they can get a peaceful environment & North Gardens completely fits that. You can get the property of your choice at North Gardens at almost half the budget for a project in Devanahalli.North Gardens of Developer Group is the first Japanese FDI in the Indian real estate sector. It is strategically located exactly at the foothills of the picturesque Nandi hills over an area of 47 Acres. The project is the best choice for those people looking for premium socially distant residential plots in a low density township. Anyone residing in the project will never get bored of the view of the hills & its equivalent of staying in a vacation home and carrying on with your work. This region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. Due to the success of remote working concept in recent times, people have realised its best to shift to places where they can get a peaceful environment & North Gardens completely fits that. You can get the property of your choice at North Gardens at almost half the budget for a project in Devanahalli.
Q:
What are things to know about RBI Moratorium on Home Loan EMI
My replies to this discussion
1.The borrower can defer the EMI payments by a period of 3 months which is increased to 6 months ending on Aug 31st, 2020 and RBI may not extend this period any further.
2.It is up to the bank to decide the criteria for establishing who can avail of the EMI holiday.
3.The instalments should be due between March 1st and May 31st 2020.
4.Deferring the EMI payments by availing of the moratorium will not affect the credit score.
5.A borrower will continue to accrue interest on the home loan during the moratorium period.1.The borrower can defer the EMI payments by a period of 3 months which is increased to 6 months ending on Aug 31st, 2020 and RBI may not extend this period any further.
2.It is up to the bank to decide the criteria for establishing who can avail of the EMI holiday.
3.The instalments should be due between March 1st and May 31st 2020.
4.Deferring the EMI payments by availing of the moratorium will not affect the credit score.
5.A borrower will continue to accrue interest on the home loan during the moratorium period.
Q:
Which factors will push people out from the cities in this Pandemic?
My replies to this discussion
1. Density of population - The chances of spreading the disease is very high in cities people are moving towards the city outskirts,
2. Excellent connectivity to prime locations- Suburbs like with good connectivity will be the prime locations for people to move to suburbs
3. Strong presence of IT or Industry giants- One of the major reasons why corporate giants prefer outskirts is due to the availability of numerous commercial lands. With the rise in the number of IT and tech giants, a large population of the techies is migrating to the suburbs considering the proximity factor.
4. High Appreciation rates- The outskirts are an excellent option for making a smart real estate investment in Cities due to its fast appreciating rates.
5. Green living & away from crowd- Post COVID, people prefers to stay in places which are away from the crowd to get the peaceful life & there is less pollution.1. Density of population - The chances of spreading the disease is very high in cities people are moving towards the city outskirts,
2. Excellent connectivity to prime locations- Suburbs like with good connectivity will be the prime locations for people to move to suburbs
3. Strong presence of IT or Industry giants- One of the major reasons why corporate giants prefer outskirts is due to the availability of numerous commercial lands. With the rise in the number of IT and tech giants, a large population of the techies is migrating to the suburbs considering the proximity factor.
4. High Appreciation rates- The outskirts are an excellent option for making a smart real estate investment in Cities due to its fast appreciating rates.
5. Green living & away from crowd- Post COVID, people prefers to stay in places which are away from the crowd to get the peaceful life & there is less pollution.
Q:
What is Stamp duty and how does it vary?
My replies to this discussion
Stamp duty is a state tax levied by the State Government whenever the transaction of the property takes place. The transaction may include Sale Deed, Power of attorney, Conveyance Deed etc.
Once Stamp duty is paid, the document undergoes the process of registration with at the Sub-Registrar of Assurances where again a fee is paid and the legal ownership is entitled to the new owner of the property.
1. Stamp Duty Varies from 3percent-10percent depending on the slab decided by the particular state.
2. Status, location, usage & type of the property and age and gender of the owner are key factors for stamp duty calculation.
3. Stamp Duties in Major cities are
4. Mumbai 2 per cent till December 31, 2020 and 3percent From January 2021 till March 31, 2021,
5. Pune 3 per cent till December 31, 2020 and 4percent From January 2021 till March 31, 2021,
6. Hyderabad 7.5percent
7. Chennai 7percent
8. Bengaluru 5percent
9. Delhi 6percent
10. Ahmedabad 4.9percentStamp duty is a state tax levied by the State Government whenever the transaction of the property takes place. The transaction may include Sale Deed, Power of attorney, Conveyance Deed etc.
Once Stamp duty is paid, the document undergoes the process of registration with at the Sub-Registrar of Assurances where again a fee is paid and the legal ownership is entitled to the new owner of the property.
1. Stamp Duty Varies from 3percent-10percent depending on the slab decided by the particular state.
2. Status, location, usage & type of the property and age and gender of the owner are key factors for stamp duty calculation.
3. Stamp Duties in Major cities are
4. Mumbai 2 per cent till December 31, 2020 and 3percent From January 2021 till March 31, 2021,
5. Pune 3 per cent till December 31, 2020 and 4percent From January 2021 till March 31, 2021,
6. Hyderabad 7.5percent
7. Chennai 7percent
8. Bengaluru 5percent
9. Delhi 6percent
10. Ahmedabad 4.9percent
Q:
Is it now the apt time to purchase property in Bengaluru?? I am hearing every day in the news about increasing traction especially in the Bengaluru North region?
My replies to this discussion
Over the years, Bengaluru as a city has witnessed massive development & infrastructural growth. Factors like phenomenal transport routes, good return on investment, FDIs, HNIs, world class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. In fact during this time of crisis, it is the apt time to purchase a property. The reduction in the interest on home loans & stamp duty on apartments is another game changer. Moreover, the pandemic scenario has supplemented the growth of Bengaluru North Region. The nearby areas have been witnessing massive traction due to the availability of properties catering to all income groups. Since nowadays, people are increasing looking at options to move away from the crowded areas of the city & settle in a peaceful & low density environment, Nandi Hills has been witnessing maximum demand. If you are looking to choose North Bengaluru as an investment option, buying a property in Nandi Hills is the best choice.Over the years, Bengaluru as a city has witnessed massive development & infrastructural growth. Factors like phenomenal transport routes, good return on investment, FDIs, HNIs, world class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. In fact during this time of crisis, it is the apt time to purchase a property. The reduction in the interest on home loans & stamp duty on apartments is another game changer. Moreover, the pandemic scenario has supplemented the growth of Bengaluru North Region. The nearby areas have been witnessing massive traction due to the availability of properties catering to all income groups. Since nowadays, people are increasing looking at options to move away from the crowded areas of the city & settle in a peaceful & low density environment, Nandi Hills has been witnessing maximum demand. If you are looking to choose North Bengaluru as an investment option, buying a property in Nandi Hills is the best choice.
Q:
While looking for properties in Nandi Hills Region, I came across multiple layouts having CUDA Approval. Is it safe to go with CUDA Approved Plots? Pls suggest some reputed CUDA approved plots for investment?
My replies to this discussion
Before investing in plots, the first two things that must be noticed are the approvals and the reputation of the developer. It is highly advisable to only invest in plots that have the necessary approvals from the authorities. Maximum of the layouts in the Nandi Hills Region come under Chikkaballapur district limits and therefore Chikkaballapur Urban Development Authority. So, it is completely safe to go ahead with CUDA Approved Plots. As people are increasingly looking to shift away from the hustle and bustle of the city for a peaceful environment, the Nandi Hills Region is now witnessing unprecedented demand for properties. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.Before investing in plots, the first two things that must be noticed are the approvals and the reputation of the developer. It is highly advisable to only invest in plots that have the necessary approvals from the authorities. Maximum of the layouts in the Nandi Hills Region come under Chikkaballapur district limits and therefore Chikkaballapur Urban Development Authority. So, it is completely safe to go ahead with CUDA Approved Plots. As people are increasingly looking to shift away from the hustle and bustle of the city for a peaceful environment, the Nandi Hills Region is now witnessing unprecedented demand for properties. If you are looking for premium plots within a planned community at an unbelievably low price, you can go for North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.
Q:
Last weekend, while cycling in Nandi-Hills road, I noticed multiple hoardings of one project- North Gardens. What is the feedback of the project? I am eager to invest in a plot/land for my weekend stays.
My replies to this discussion
North Gardens of Developer Group is the first Japanese FDI in the Indian real estate sector. It is strategically located exactly at the foothills of the picturesque Nandi hills over an area of 47 Acres. The project is the best choice for those people looking for premium socially distant residential plots for their weekend stays in a low density township. Anyone residing in the project will never get bored of the view of the hills & its also equivalent of staying in a vacation home and carrying on with your work. This region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. Due to the success of remote working concept in recent times, people have now realised its best to shift to places where they can get a peaceful environment & North Gardens completely fits that. You can get the property of your choice at North Gardens without burning a hole in your pocket.North Gardens of Developer Group is the first Japanese FDI in the Indian real estate sector. It is strategically located exactly at the foothills of the picturesque Nandi hills over an area of 47 Acres. The project is the best choice for those people looking for premium socially distant residential plots for their weekend stays in a low density township. Anyone residing in the project will never get bored of the view of the hills & its also equivalent of staying in a vacation home and carrying on with your work. This region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. Due to the success of remote working concept in recent times, people have now realised its best to shift to places where they can get a peaceful environment & North Gardens completely fits that. You can get the property of your choice at North Gardens without burning a hole in your pocket.
Q:
What are the factors to find out the right size home
My replies to this discussion
Find out your future plans e.g. WFH, family expansion, etc.
Storage place required
Equating space with well-defined space.
Measuring the furniture
How much time do you have for home maintenance?
Can I afford the monthly maintenance charge?
Deciding the right sizes for all areas.Find out your future plans e.g. WFH, family expansion, etc.
Storage place required
Equating space with well-defined space.
Measuring the furniture
How much time do you have for home maintenance?
Can I afford the monthly maintenance charge?
Deciding the right sizes for all areas.
Q:
Is the buzz around places like Nandi Hills worth the hype in the long run? I am looking for a villa or a plot along with my brother whichever comes in budget
My replies to this discussion
The Nandi Hills region has always been in demand among the youth and young professionals for its scenic view & delightful hills apt for weekend rides. At a time, when WFH concept looks likely to continue in some form or other in the near future,the region is now witnessing unprecedented demand for properties. The IT Executives residing in the city are nowadays feeling safe to move to places like Nandi Hills for a peaceful environment away from the hustle & bustle of the city. Proximity to the Airport, Never Ending Vacation Time with family, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the other major factors of increasing demand in this region. If you are looking for premium plots within a low density township at an unbelievably low price, you can definitely consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.The Nandi Hills region has always been in demand among the youth and young professionals for its scenic view & delightful hills apt for weekend rides. At a time, when WFH concept looks likely to continue in some form or other in the near future,the region is now witnessing unprecedented demand for properties. The IT Executives residing in the city are nowadays feeling safe to move to places like Nandi Hills for a peaceful environment away from the hustle & bustle of the city. Proximity to the Airport, Never Ending Vacation Time with family, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the other major factors of increasing demand in this region. If you are looking for premium plots within a low density township at an unbelievably low price, you can definitely consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.
Q:
With the re-emergence of COVID Second Wave, the buzz around places like Nandi Hills presently worth the hype? I am looking for a villa or a plot along with my brother whichever comes in budget.
My replies to this discussion
The Nandi Hills region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. The pandemic crisis since 2020 has been a blessing in disguise for the region. As per the current scenario, Remote Working concept looks highly likely to be the new norm especially in IT Companies. Proximity to the Airport, Never Ending Vacation Time with family, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the other major factors of increasing demand in this region. If you are looking for premium plots within a low density township at an unbelievably low price, you can definitely consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.The Nandi Hills region has always been in demand among the youth & young professionals for its scenic view & delightful hills apt for weekend rides. The pandemic crisis since 2020 has been a blessing in disguise for the region. As per the current scenario, Remote Working concept looks highly likely to be the new norm especially in IT Companies. Proximity to the Airport, Never Ending Vacation Time with family, Excellent Climate all over the year, Upcoming Tech Parks & Improved Connectivity are the other major factors of increasing demand in this region. If you are looking for premium plots within a low density township at an unbelievably low price, you can definitely consider North Gardens of Developer Group which is the first Japanese FDI in the Indian Real Estate sector. It is located exactly at the foothills of picturesque Nandi Hills.
