Latest Answer: While finding the right size for your home there are factors like the family members, furniture, storage you need, room for pets if you have pets. But one you find the right size of your home that you want then you should try the kagaay app where you can buy home at discounted price. Contact on 22 4943 4325
Latest Answer: 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.
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Latest Answer: 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.
Latest Answer: 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 Malls
Latest Answer: 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.
Latest Answer: 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.
Latest Answer: 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.
Latest Answer: 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 result
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
Latest Answer: 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.
Latest Answer: 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.
Latest Answer: 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.
Latest Answer: 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.
Latest Answer: 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 Inspector
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