Why Devanahalli Road / North Bangalore is a good place to invest ?

North Bangalore, a suburb of Bangalore has been talk of town since 2008 with the opening of the new International Airport. Let’s spend some time in understanding how it has grown in the past few years to fathom the possibilities of future.
Realty Growth in Devanahalli
Devanahalli is located in North Bangalore and is reachable by NH7, also known as Bellary Road or Bangalore Hyderabad Highway. Stretch on NH7 from Hebbal to Devanahalli is well planned and expanded to six lanes with further plans of expansion to reduce the travel time to airport from current 40 minutes to less than 20 minutes. It is 35 kms to the north east of Bangalore City with Metro rail planned to have connection to Devanahalli Airport in its phase-2.

BIAL IT Investment region (ITIR) will house marquee names of IT industry and will create 4 million jobs. BIAL IT Investment Region to be located at the Nandi foothills between Doddaballapur and Chikballapur with total area under development – 10,000 to 12,000 acres.
1st phase of 2,072 acres and expected to complete by 2020
2nd phase – 10,000 acres and expected to complete by 2032
Karnataka State Electronics Development Corporation issued EOI in 2012 for development of ITIR for which it received interest from 55 MNCs including TCS, Infosys, Wipro etc. Once developed it will create total 4 million jobs. 1.2 million direct (employees working in these companies). 2.8 million indirect (people supporting these employees).
Even if 20% direct employees choose to live close by, it will result in demand of 240,000 dwelling units.

Commercial Developments in Devanahalli (ITIR, Aerospace SEZ, Devanahalli Business Park)
Most MNC IT majors are planning to move their technology and R&D Centres closer to the Airport. This has been the story in many parts of the world where developments have taken around international airports and creating a new hub of commercial activity relating to high uptake of residential Apartments in Thiruverkadu and the appreciation in price. The major player moving near the airport is Shell
Aerospace SEZ, IT and Hardware Park, Devanahalli
Aerospace SEZ, IT and Hardware Park will occupy 3,000 acres and house Boeing, Airbus and many more. Aerospace Park and SEZ, IT and Hardware Park are being developed close to southern boundary of BIAL. Hardware Park – 850 acres & IT Park – 1,156 acres. 56 large and mid sized companies have signed up for operations in Aerospace Park. Boeing, Airbus and Bombardier have agreed to setup shop in Aerospace Park. StarragHeckert and Wipro have already initiated operations in Aerospace Park Hardware Park. Shell,Tata Elxi and many other hardware companies will occupy space in Hardware Park. IFCI is also building a 50 acre Global Financial District with cost of Rs 1,000 crores in IT Park. TCS is planning a 100 acre campus in the same IT Park. As per government estimates 250,0001 direct jobs will be generated by Aerospace Park only.

Devanahalli Business Park
Devanahalli Business Park will provide another 309 acres of infrastructure for hospitals, retail and hospitality adjacent to northern boundary of BIAL. It will be multi use business park. 2 IT parks in 50 acres, Central Business District in area of 35 acres, 3 hospitals in 26 acres, Retail and hospitality in 22 acres, Finance District in 25 acres, Goods assembly unit in 25 acres, Office complex in ~21.5 acres, Aviation academy in 10 acres.
Expected investment in the park is ~Rs 9,5001 crores as per government estimates of 2008. International Convention Centre and Hotel is also planned in 35 acres, adjacent to Devanahalli Business Park.
Residential Real Estate Development
Real estate demand which is highly correlated with job creation is expected to grow as employees move closer to their workplace. Limited supply from Tier A builder has already resulted in high price for such projects
Brigade Orchards
Prestige Golf Shire
Divyasree Valley of Wind
Nandi Belle Vue
Ozone Urbana
Nitesh Long Island
Sobha Lifestyle
Sobha Lifestyle Legacy
House of Hiranandani Upscale
Century Istana
QVC The Hills

The Belvedere – Airport district by UKn – Pre Launch
Devanahalli, has on offer many tier 2 builders focusing on plotted developments considering small ticket size. The growth data points for Devanahalli is not very skewed from any upcoming business city.
Tier A builder like UKn is pre-launching UKN Belvedere as they find the north bangalore market mature and the area prices have crossed a healthy threshold. With their speed and reputation for handing over projects ahead of time as in all their projects, excellent Customer relationship management and Quality would be a good bet at this time.
Opportunity to invest exists in right sized apartments with 25 lavish and new amenities including dance studio, fight club and bowling alley at a launch price of Rs 3,699. They expect the price to hit the barrier of Rs. 4999 in 12 months due to the amenities provided.. Investors will reap the maximum benefits when social infrastructure grows and families start to move in.
Future Growth & Expectations
Devanahalli is expected to become major commercial and office hub
Aerospace Park and SEZ to be fullyfunctional
Shell, Ascendas and IFCI campus will be ready by 2017.
International Convention Centre will be ready by 2016.
ITIR Phase 1 should be ready by 2020, many IT companies will move to ITIR to save cost as well as to reduce current commute time to Airport, resulting in at least 300,000 white collar job creation Devanahalli by 2019. Job creation can be anywhere between 1 – 1.5 mn by 2020 once ITIR Phase1 is operational.
Planned Metro Rail connectivity in phase-2 will further improve accessibility of this region.
Whether we like it or not, Devanahalli is future of Bangalore. Smart investors are ahead of time, if you haven’t already invested, it’s your time now.
We expect your investment to grow 2 – 3 times in next 5 years.

Why Devanahalli Road / North Bangalore is a good place to invest ?

North Bangalore, a suburb of Bangalore has been talk of town since 2008 with the opening of the new International Airport. Let’s spend some time in understanding how it has grown in the past few years to fathom the possibilities of future.
Realty Growth in Devanahalli
Devanahalli is located in North Bangalore and is reachable by NH7, also known as Bellary Road or Bangalore Hyderabad Highway. Stretch on NH7 from Hebbal to Devanahalli is well planned and expanded to six lanes with further plans of expansion to reduce the travel time to airport from current 40 minutes to less than 20 minutes. It is 35 kms to the north east of Bangalore City with Metro rail planned to have connection to Devanahalli Airport in its phase-2.

BIAL IT Investment region (ITIR) will house marquee names of IT industry and will create 4 million jobs. BIAL IT Investment Region to be located at the Nandi foothills between Doddaballapur and Chikballapur with total area under development – 10,000 to 12,000 acres.
1st phase of 2,072 acres and expected to complete by 2020
2nd phase – 10,000 acres and expected to complete by 2032
Karnataka State Electronics Development Corporation issued EOI in 2012 for development of ITIR for which it received interest from 55 MNCs including TCS, Infosys, Wipro etc. Once developed it will create total 4 million jobs. 1.2 million direct (employees working in these companies). 2.8 million indirect (people supporting these employees).
Even if 20% direct employees choose to live close by, it will result in demand of 240,000 dwelling units.

Commercial Developments in Devanahalli (ITIR, Aerospace SEZ, Devanahalli Business Park)
Most MNC IT majors are planning to move their technology and R&D Centres closer to the Airport. This has been the story in many parts of the world where developments have taken around international airports and creating a new hub of commercial activity relating to high uptake of residential Apartments in Devanahalli and the appreciation in price. The major player moving near the airport is Shell
Aerospace SEZ, IT and Hardware Park, Devanahalli
Aerospace SEZ, IT and Hardware Park will occupy 3,000 acres and house Boeing, Airbus and many more. Aerospace Park and SEZ, IT and Hardware Park are being developed close to southern boundary of BIAL. Hardware Park – 850 acres & IT Park – 1,156 acres. 56 large and mid sized companies have signed up for operations in Aerospace Park. Boeing, Airbus and Bombardier have agreed to setup shop in Aerospace Park. StarragHeckert and Wipro have already initiated operations in Aerospace Park Hardware Park. Shell,Tata Elxi and many other hardware companies will occupy space in Hardware Park. IFCI is also building a 50 acre Global Financial District with cost of Rs 1,000 crores in IT Park. TCS is planning a 100 acre campus in the same IT Park. As per government estimates 250,0001 direct jobs will be generated by Aerospace Park only.

Devanahalli Business Park
Devanahalli Business Park will provide another 309 acres of infrastructure for hospitals, retail and hospitality adjacent to northern boundary of BIAL. It will be multi use business park. 2 IT parks in 50 acres, Central Business District in area of 35 acres, 3 hospitals in 26 acres, Retail and hospitality in 22 acres, Finance District in 25 acres, Goods assembly unit in 25 acres, Office complex in ~21.5 acres, Aviation academy in 10 acres.
Expected investment in the park is ~Rs 9,5001 crores as per government estimates of 2008. International Convention Centre and Hotel is also planned in 35 acres, adjacent to Devanahalli Business Park.
Residential Real Estate Development
Real estate demand which is highly correlated with job creation is expected to grow as employees move closer to their workplace. Limited supply from Tier A builder has already resulted in high price for such projects
Brigade Orchards
Prestige Golf Shire
Divyasree Valley of Wind
Nandi Belle Vue
Ozone Urbana
Nitesh Long Island
Sobha Lifestyle
Sobha Lifestyle Legacy
House of Hiranandani Upscale
Century Istana
QVC The Hills

The Belvedere – Airport district by UKn – Pre Launch
Devanahalli, has on offer many tier 2 builders focusing on plotted developments considering small ticket size. The growth data points for Devanahalli is not very skewed from any upcoming business city.
Tier A builder like UKn is pre-launching UKN Belvedere as they find the north bangalore market mature and the area prices have crossed a healthy threshold. With their speed and reputation for handing over projects ahead of time as in all their projects, excellent Customer relationship management and Quality would be a good bet at this time.
Opportunity to invest exists in right sized apartments with 25 lavish and new amenities including dance studio, fight club and bowling alley at a launch price of Rs 3,699. They expect the price to hit the barrier of Rs. 4999 in 12 months due to the amenities provided.. Investors will reap the maximum benefits when social infrastructure grows and families start to move in.
Future Growth & Expectations
Devanahalli is expected to become major commercial and office hub
Aerospace Park and SEZ to be fullyfunctional
Shell, Ascendas and IFCI campus will be ready by 2017.
International Convention Centre will be ready by 2016.
ITIR Phase 1 should be ready by 2020, many IT companies will move to ITIR to save cost as well as to reduce current commute time to Airport, resulting in at least 300,000 white collar job creation Devanahalli by 2019. Job creation can be anywhere between 1 – 1.5 mn by 2020 once ITIR Phase1 is operational.
Planned Metro Rail connectivity in phase-2 will further improve accessibility of this region.
Whether we like it or not, Devanahalli is future of Bangalore. Smart investors are ahead of time, if you haven’t already invested, it’s your time now.
We expect your investment to grow 2 – 3 times in next 5 years.

Why Devanahalli Road / North Bangalore is a good place to invest ?

North Bangalore, a suburb of Bangalore has been talk of town since 2008 with the opening of the new International Airport. Let’s spend some time in understanding how it has grown in the past few years to fathom the possibilities of future.
Realty Growth in Devanahalli
Devanahalli is located in North Bangalore and is reachable by NH7, also known as Bellary Road or Bangalore Hyderabad Highway. Stretch on NH7 from Hebbal to Devanahalli is well planned and expanded to six lanes with further plans of expansion to reduce the travel time to airport from current 40 minutes to less than 20 minutes. It is 35 kms to the north east of Bangalore City with Metro rail planned to have connection to Devanahalli Airport in its phase-2.

BIAL IT Investment region (ITIR) will house marquee names of IT industry and will create 4 million jobs. BIAL IT Investment Region to be located at the Nandi foothills between Doddaballapur and Chikballapur with total area under development – 10,000 to 12,000 acres.
1st phase of 2,072 acres and expected to complete by 2020
2nd phase – 10,000 acres and expected to complete by 2032
Karnataka State Electronics Development Corporation issued EOI in 2012 for development of ITIR for which it received interest from 55 MNCs including TCS, Infosys, Wipro etc. Once developed it will create total 4 million jobs. 1.2 million direct (employees working in these companies). 2.8 million indirect (people supporting these employees).
Even if 20% direct employees choose to live close by, it will result in demand of 240,000 dwelling units.

Commercial Developments in Devanahalli (ITIR, Aerospace SEZ, Devanahalli Business Park)
Most MNC IT majors are planning to move their technology and R&D Centres closer to the Airport. This has been the story in many parts of the world where developments have taken around international airports and creating a new hub of commercial activity relating to high uptake of residential Apartments in Devanahalli and the appreciation in price. The major player moving near the airport is Shell
Aerospace SEZ, IT and Hardware Park, Devanahalli
Aerospace SEZ, IT and Hardware Park will occupy 3,000 acres and house Boeing, Airbus and many more. Aerospace Park and SEZ, IT and Hardware Park are being developed close to southern boundary of BIAL. Hardware Park – 850 acres & IT Park – 1,156 acres. 56 large and mid sized companies have signed up for operations in Aerospace Park. Boeing, Airbus and Bombardier have agreed to setup shop in Aerospace Park. StarragHeckert and Wipro have already initiated operations in Aerospace Park Hardware Park. Shell,Tata Elxi and many other hardware companies will occupy space in Hardware Park. IFCI is also building a 50 acre Global Financial District with cost of Rs 1,000 crores in IT Park. TCS is planning a 100 acre campus in the same IT Park. As per government estimates 250,0001 direct jobs will be generated by Aerospace Park only.

Devanahalli Business Park
Devanahalli Business Park will provide another 309 acres of infrastructure for hospitals, retail and hospitality adjacent to northern boundary of BIAL. It will be multi use business park. 2 IT parks in 50 acres, Central Business District in area of 35 acres, 3 hospitals in 26 acres, Retail and hospitality in 22 acres, Finance District in 25 acres, Goods assembly unit in 25 acres, Office complex in ~21.5 acres, Aviation academy in 10 acres.
Expected investment in the park is ~Rs 9,5001 crores as per government estimates of 2008. International Convention Centre and Hotel is also planned in 35 acres, adjacent to Devanahalli Business Park.
Residential Real Estate Development
Real estate demand which is highly correlated with job creation is expected to grow as employees move closer to their workplace. Limited supply from Tier A builder has already resulted in high price for such projects
Brigade Orchards
Prestige Golf Shire
Divyasree Valley of Wind
Nandi Belle Vue
Ozone Urbana
Nitesh Long Island
Sobha Lifestyle
Sobha Lifestyle Legacy
House of Hiranandani Upscale
Century Istana
QVC The Hills

The Belvedere – Airport district by UKn – Pre Launch
Devanahalli, has on offer many tier 2 builders focusing on plotted developments considering small ticket size. The growth data points for Devanahalli is not very skewed from any upcoming business city.
Tier A builder like UKn is pre-launching UKn Belvedere as they find the north bangalore market mature and the area prices have crossed a healthy threshold. With their speed and reputation for handing over projects ahead of time as in all their projects, excellent Customer relationship management and Quality would be a good bet at this time.
Opportunity to invest exists in right sized apartments with 25 lavish and new amenities including dance studio, fight club and bowling alley at a launch price of Rs 3,699. They expect the price to hit the barrier of Rs. 4999 in 12 months due to the amenities provided.. Investors will reap the maximum benefits when social infrastructure grows and families start to move in.
Future Growth & Expectations
Devanahalli is expected to become major commercial and office hub
Aerospace Park and SEZ to be fullyfunctional
Shell, Ascendas and IFCI campus will be ready by 2017.
International Convention Centre will be ready by 2016.
ITIR Phase 1 should be ready by 2020, many IT companies will move to ITIR to save cost as well as to reduce current commute time to Airport, resulting in at least 300,000 white collar job creation Devanahalli by 2019. Job creation can be anywhere between 1 – 1.5 mn by 2020 once ITIR Phase1 is operational.
Planned Metro Rail connectivity in phase-2 will further improve accessibility of this region.
Whether we like it or not, Devanahalli is future of Bangalore. Smart investors are ahead of time, if you haven’t already invested, it’s your time now.
We expect your investment to grow 2 – 3 times in next 5 years.

Upcoming trends for Real Estate Market

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. Real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. Some of the upcoming trends for Real Estate Market are mentioned below:
Affordable Apartments
Since there was some incentive for affordable apartments in the ‘Budget’, in 2015 we would see more such projects being launched. In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50, 00,000 in metropolitan cities and Rs 40, 00,000 in non-metro cities will now come under the purview of affordable housing. Cashing on this, realty giants are launching affordable projects in major metro cities.
Infrastructure Development
Real estate would also look for some infrastructure development as the real estate is linked with infrastructure development such as Metro expansion. It is no hidden truth that improved connectivity leads to the realty growth of the area. There are many examples where the inception of metro expansion has led in the rise of Real Estate Growth. With monorail and metro down the line most of the places have witnessed a considerable growth in the last one year.
High Demand to Ready to Move in Properties
In the present scenario the demand of Ready to Move in Properties is increasing day by day. Even in the year 2014 the major trend noticed in the Real Estate Industry is the demand of Ready to Move in Properties which will be followed by 2015. Inordinate construction delay has pushed demand for ready-to-move-in projects significantly, primarily due to the increasing pressure of EMI plus rental values. Most of the people who are planning to invest money in properties mainly prefer for Ready to Move in Property.
Investors are back into the Market
With FDI in construction becoming a reality, the year 2015 will see the return of real estate investors. The relaxation in Foreign Direct Investment (FDI) policy was the biggest relief. The real estate sector would welcome some more foreign investors coming to the Indian market. In the recent past NRI’s and HNI’s have showed interest in the Real Estate Market of India and now with the relaxation of FDI we would expect some more increase in investments which would be very important from the Real Estate Industry.

Boost in Industrial Corridors
Cities falling along the major industrial corridors are expected to see immense growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. So, the properties connected via through these corridors will be exponential and the area will be fuelling demand for larger projects. Lots of development is up coming in these corridors and some of the project is spotted in these areas.
The demand of Residential Plots
Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. Residential Plots are gaining prominence amid property buyers. Residential Plots are in great demand due to high returns in future and for long term investment purpose. So, mostly people who go for long term investment prefer Residential Plots.
Luxurious Amenities versus Regular Amenities
Most of the buyers prefer regular amenities rather than luxurious amenities according to a recent survey. Almost most of the project has regular amenities and only those people who will prefer for ultra- luxurious lifestyle will go for ultra-luxurious amenities. But the demand of regular amenities is higher in the Real Estate Market.

Upcoming trends for Real Estate Market

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. Real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. Some of the upcoming trends for Real Estate Market are mentioned below:
Affordable Apartments
Since there was some incentive for affordable apartments in the ‘Budget’, in 2015 we would see more such projects being launched. In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50, 00,000 in metropolitan cities and Rs 40, 00,000 in non-metro cities will now come under the purview of affordable housing. Cashing on this, realty giants are launching affordable projects in major metro cities.
Infrastructure Development
Real estate would also look for some infrastructure development as the real estate is linked with infrastructure development such as Metro expansion. It is no hidden truth that improved connectivity leads to the realty growth of the area. There are many examples where the inception of metro expansion has led in the rise of Real Estate Growth. With monorail and metro down the line most of the places have witnessed a considerable growth in the last one year.
High Demand to Ready to Move in Properties
In the present scenario the demand of Ready to Move in Properties is increasing day by day. Even in the year 2014 the major trend noticed in the Real Estate Industry is the demand of Ready to Move in Properties which will be followed by 2015. Inordinate construction delay has pushed demand for ready-to-move-in projects significantly, primarily due to the increasing pressure of EMI plus rental values. Most of the people who are planning to invest money in properties mainly prefer for Ready to Move in Property.
Investors are back into the Market
With FDI in construction becoming a reality, the year 2015 will see the return of real estate investors. The relaxation in Foreign Direct Investment (FDI) policy was the biggest relief. The real estate sector would welcome some more foreign investors coming to the Indian market. In the recent past NRI’s and HNI’s have showed interest in the Real Estate Market of India and now with the relaxation of FDI we would expect some more increase in investments which would be very important from the Real Estate Industry.

Boost in Industrial Corridors
Cities falling along the major industrial corridors are expected to see immense growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. So, the properties connected via through these corridors will be exponential and the area will be fuelling demand for larger projects. Lots of development is up coming in these corridors and some of the project is spotted in these areas.
The demand of Residential Plots
Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. Residential Plots are gaining prominence amid property buyers. Residential Plots are in great demand due to high returns in future and for long term investment purpose. So, mostly people who go for long term investment prefer Residential Plots.
Luxurious Amenities versus Regular Amenities
Most of the buyers prefer regular amenities rather than luxurious amenities according to a recent survey. Almost most of the project has regular amenities and only those people who will prefer for ultra- luxurious lifestyle will go for ultra-luxurious amenities. But the demand of regular amenities is higher in the Real Estate Market.

Upcoming trends for Real Estate Market

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. Real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. Some of the upcoming trends for Real Estate Market are mentioned below:
Affordable Apartments
Since there was some incentive for affordable apartments in the ‘Budget’, in 2015 we would see more such projects being launched. In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50, 00,000 in metropolitan cities and Rs 40, 00,000 in non-metro cities will now come under the purview of affordable housing. Cashing on this, realty giants are launching affordable projects in major metro cities.
Infrastructure Development
Real estate would also look for some infrastructure development as the real estate is linked with infrastructure development such as Metro expansion. It is no hidden truth that improved connectivity leads to the realty growth of the area. There are many examples where the inception of metro expansion has led in the rise of Real Estate Growth. With monorail and metro down the line most of the places have witnessed a considerable growth in the last one year.
High Demand to Ready to Move in Properties
In the present scenario the demand of Ready to Move in Properties is increasing day by day. Even in the year 2014 the major trend noticed in the Real Estate Industry is the demand of Ready to Move in Properties which will be followed by 2015. Inordinate construction delay has pushed demand for ready-to-move-in projects significantly, primarily due to the increasing pressure of EMI plus rental values. Most of the people who are planning to invest money in properties mainly prefer for Ready to Move in Property.
Investors are back into the Market
With FDI in construction becoming a reality, the year 2015 will see the return of real estate investors. The relaxation in Foreign Direct Investment (FDI) policy was the biggest relief. The real estate sector would welcome some more foreign investors coming to the Indian market. In the recent past NRI’s and HNI’s have showed interest in the Real Estate Market of India and now with the relaxation of FDI we would expect some more increase in investments which would be very important from the Real Estate Industry.

Boost in Industrial Corridors
Cities falling along the major industrial corridors are expected to see immense growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. So, the properties connected via through these corridors will be exponential and the area will be fuelling demand for larger projects. Lots of development is up coming in these corridors and some of the project is spotted in these areas.
The demand of Residential Plots
Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. Residential Plots are gaining prominence amid property buyers. Residential Plots are in great demand due to high returns in future and for long term investment purpose. So, mostly people who go for long term investment prefer Residential Plots.
Luxurious Amenities versus Regular Amenities
Most of the buyers prefer regular amenities rather than luxurious amenities according to a recent survey. Almost most of the project has regular amenities and only those people who will prefer for ultra- luxurious lifestyle will go for ultra-luxurious amenities. But the demand of regular amenities is higher in the Real Estate Market.

Upcoming trends for Real Estate Market

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. Real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. Some of the upcoming trends for Real Estate Market are mentioned below:
Affordable Housing
Since there was some incentive for affordable apartments in the ‘Budget’, in 2015 we would see more such projects being launched. In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50, 00,000 in metropolitan cities and Rs 40, 00,000 in non-metro cities will now come under the purview of affordable housing. Cashing on this, realty giants are launching affordable projects in major metro cities.
Infrastructure Development
Real estate would also look for some infrastructure development as the real estate is linked with infrastructure development such as Metro expansion. It is no hidden truth that improved connectivity leads to the realty growth of the area. There are many examples where the inception of metro expansion has led in the rise of Real Estate Growth. With monorail and metro down the line most of the places have witnessed a considerable growth in the last one year.
High Demand to Ready to Move in Properties
In the present scenario the demand of Ready to Move in Properties is increasing day by day. Even in the year 2014 the major trend noticed in the Real Estate Industry is the demand of Ready to Move in Properties which will be followed by 2015. Inordinate construction delay has pushed demand for ready-to-move-in projects significantly, primarily due to the increasing pressure of EMI plus rental values. Most of the people who are planning to invest money in properties mainly prefer for Ready to Move in Property.
Investors are back into the Market
With FDI in construction becoming a reality, the year 2015 will see the return of real estate investors. The relaxation in Foreign Direct Investment (FDI) policy was the biggest relief. The real estate sector would welcome some more foreign investors coming to the Indian market. In the recent past NRI’s and HNI’s have showed interest in the Real Estate Market of India and now with the relaxation of FDI we would expect some more increase in investments which would be very important from the Real Estate Industry.

Boost in Industrial Corridors
Cities falling along the major industrial corridors are expected to see immense growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. So, the properties connected via through these corridors will be exponential and the area will be fuelling demand for larger projects. Lots of development is up coming in these corridors and some of the project is spotted in these areas.
The demand of Residential Plots
Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. Residential Plots are gaining prominence amid property buyers. Residential Plots are in great demand due to high returns in future and for long term investment purpose. So, mostly people who go for long term investment prefer Residential Plots.
Luxurious Amenities versus Regular Amenities
Most of the buyers prefer regular amenities rather than luxurious amenities according to a recent survey. Almost most of the project has regular amenities and only those people who will prefer for ultra- luxurious lifestyle will go for ultra-luxurious amenities. But the demand of regular amenities is higher in the Real Estate Market.

Why Current Real Estate Portals Are Not Doing Well ?

There are several real estate portals in India that are trying to change the way consumers discover and buy real estate market. However no one has achieved growth in client acquisition, revenues and profits. Fundamentally none of the portals have solved systemic issues which deny information to the consumer and leave them in the dark while buying a house. Portals are spending heavily on marketing in TV, social media and the net. But the customer knows that if he wants to buy a property he searches for the name of the builder directly. It is difficult for real estate portals to survive if they do not add value.  Here is how the real story unfolds:

The truth (notice how a consumer makes a search on Google about one suburb called Hebbal in Bangalore):

It is clearly evident that the home buyers are choosing homes based on brand identity of the builder rather than using broader search metrics to find the right home.
From the above table we can estimate that monthly traffic is 5,000,000 (for top 40 builders, 500 projects) in Bangalore alone. The total expected traffic for new projects will be, across top 8 cities in India, will go over 100 million. In comparison with this traffic, the leading real estate portals fall flat.
Existing portals, which have raised large sums of money, are not the destination of choice to find new homes. People are influenced by advertisements of builders alone.  Home buyers find unique problems like understanding the quality of builder, fair price of the project, growth in price of a location and land ownership details. realtycompass.com and other portals are now trying to build unique features like builder ratings and floor efficiency (super built up to carpet area ratio and feedback is now being taken on experience with builders) which creates transparency, for people, in real estate market.
What Do The Home Buyers Want?
Though the real estate portals are having huge inventory and offer a 360 degree view that is the 3D floor plan; it still does not provide some basic information. Portals still need to build the following.
1. Reputation of builder – Whether the company delivered the project in time in past, quality of construction, promoters’ track record, litigation against the builder and educational qualifications.
2. Project approvals- Clear land title, compliance to approvals, building construction without deviations, bank approvals, extent of encroachment on the project.
3. Fair price – recent transaction price for the project, comparative analysis of rates of similar rated projects, total inclusive price of projects (basic rate plus other charges), white versus black money component, calculated price based on credentials of project (amenities, specifications, possession, materials to be used etc)
4. Location details – zoning of location, accessibility to basic infrastructure & civic amenities, water scarcity, safety
Due to lack of above information home buyers are not able to make decision on buying home online and relying on brokers, friends, brand name to conclude their home purchase process.
The Way Forward:
There are approximately 8,00,000 houses are getting sold in top 8 cities in India over the next few years. The total sales and marketing spend (including brokerage) of builders on these houses are expected be around Rs 20,000 crores. This gives a great opportunity to solve big pain points that the home buyers are facing today.
The real estate regulation bill, once enacted, it will solve lot of problems such as stopping the builder from transferring money from one project to another to acquire land and punish willful delays in completion of project. Portals can solve many of the problems through technology. Intelligent apps can report real time inventory based on crowd sourcing, insurance for delay in possession of projects (high premium for disrepute builders would create market pressure on them) are some of the new features that can solve night mares to millions of people in India. The question is are we doing it right.

The author, Sankara Srinivasa Aiyyathurai, is Chief Operating Officer of Realtycompass.com

Why Current Real Estate Portals Are Not Doing Well ?

There are several real estate portals in India that are trying to change the way consumers discover and buy real estate market. However no one has achieved growth in client acquisition, revenues and profits. Fundamentally none of the portals have solved systemic issues which deny information to the consumer and leave them in the dark while buying a house. Portals are spending heavily on marketing in TV, social media and the net. But the customer knows that if he wants to buy a property he searches for the name of the builder directly. It is difficult for real estate portals to survive if they do not add value.  Here is how the real story unfolds:

The truth (notice how a consumer makes a search on Google about one suburb called Hebbal in Bangalore):

It is clearly evident that the home buyers are choosing homes based on brand identity of the builder rather than using broader search metrics to find the right home.
From the above table we can estimate that monthly traffic is 5,000,000 (for top 40 builders, 500 projects) in Bangalore alone. The total expected traffic for new projects will be, across top 8 cities in India, will go over 100 million. In comparison with this traffic, the leading real estate portals fall flat.
Existing portals, which have raised large sums of money, are not the destination of choice to find new homes. People are influenced by advertisements of builders alone.  Home buyers find unique problems like understanding the quality of builder, fair price of the project, growth in price of a location and land ownership details. realtycompass.com and other portals are now trying to build unique features like builder ratings and floor efficiency (super built up to carpet area ratio and feedback is now being taken on experience with builders) which creates transparency, for people, in real estate market.
What Do The Home Buyers Want?
Though the real estate portals are having huge inventory and offer a 360 degree view that is the 3D floor plan; it still does not provide some basic information. Portals still need to build the following.
1. Reputation of builder – Whether the company delivered the project in time in past, quality of construction, promoters’ track record, litigation against the builder and educational qualifications.
2. Project approvals- Clear land title, compliance to approvals, building construction without deviations, bank approvals, extent of encroachment on the project.
3. Fair price – recent transaction price for the project, comparative analysis of rates of similar rated projects, total inclusive price of projects (basic rate plus other charges), white versus black money component, calculated price based on credentials of project (amenities, specifications, possession, materials to be used etc)
4. Location details – zoning of location, accessibility to basic infrastructure & civic amenities, water scarcity, safety
Due to lack of above information home buyers are not able to make decision on buying home online and relying on brokers, friends, brand name to conclude their home purchase process.
The Way Forward:
There are approximately 8,00,000 houses are getting sold in top 8 cities in India over the next few years. The total sales and marketing spend (including brokerage) of builders on these houses are expected be around Rs 20,000 crores. This gives a great opportunity to solve big pain points that the home buyers are facing today.
The real estate regulation bill, once enacted, it will solve lot of problems such as stopping the builder from transferring money from one project to another to acquire land and punish willful delays in completion of project. Portals can solve many of the problems through technology. Intelligent apps can report real time inventory based on crowd sourcing, insurance for delay in possession of projects (high premium for disrepute builders would create market pressure on them) are some of the new features that can solve night mares to millions of people in India. The question is are we doing it right.

The author, Sankara Srinivasa Aiyyathurai, is Chief Operating Officer of Realtycompass.com

Why Current Real Estate Portals Are Not Doing Well

There are several real estate portals in India that are trying to change the way consumers discover and buy real estate market. However no one has achieved growth in client acquisition, revenues and profits. Fundamentally none of the portals have solved systemic issues which deny information to the consumer and leave them in the dark while buying a house. Portals are spending heavily on marketing in TV, social media and the net. But the customer knows that if he wants to buy a property he searches for the name of the builder directly. It is difficult for real estate portals to survive if they do not add value.  Here is how the real story unfolds:

The truth (notice how a consumer makes a search on Google about one suburb called Hebbal in Bangalore):

It is clearly evident that the home buyers are choosing homes based on brand identity of the builder rather than using broader search metrics to find the right home.
From the above table we can estimate that monthly traffic is 5,000,000 (for top 40 builders, 500 projects) in Bangalore alone. The total expected traffic for new projects will be, across top 8 cities in India, will go over 100 million. In comparison with this traffic, the leading real estate portals fall flat.
Existing portals, which have raised large sums of money, are not the destination of choice to find new homes. People are influenced by advertisements of builders alone.  Home buyers find unique problems like understanding the quality of builder, fair price of the project, growth in price of a location and land ownership details. Realtycompass.com and other portals are now trying to build unique features like builder ratings and floor efficiency (super built up to carpet area ratio and feedback is now being taken on experience with builders) which creates transparency, for people, in real estate market.
What Do The Home Buyers Want?
Though the real estate portals are having huge inventory and offer a 360 degree view that is the 3D floor plan; it still does not provide some basic information. Portals still need to build the following.
1. Reputation of builder – Whether the company delivered the project in time in past, quality of construction, promoters’ track record, litigation against the builder and educational qualifications.
2. Project approvals- Clear land title, compliance to approvals, building construction without deviations, bank approvals, extent of encroachment on the project.
3. Fair price – recent transaction price for the project, comparative analysis of rates of similar rated projects, total inclusive price of projects (basic rate plus other charges), white versus black money component, calculated price based on credentials of project (amenities, specifications, possession, materials to be used etc)
4. Location details – zoning of location, accessibility to basic infrastructure & civic amenities, water scarcity, safety
Due to lack of above information home buyers are not able to make decision on buying home online and relying on brokers, friends, brand name to conclude their home purchase process.
The Way Forward:
There are approximately 8,00,000 houses are getting sold in top 8 cities in India over the next few years. The total sales and marketing spend (including brokerage) of builders on these houses are expected be around Rs 20,000 crores. This gives a great opportunity to solve big pain points that the home buyers are facing today.
The real estate regulation bill, once enacted, it will solve lot of problems such as stopping the builder from transferring money from one project to another to acquire land and punish willful delays in completion of project. Portals can solve many of the problems through technology. Intelligent apps can report real time inventory based on crowd sourcing, insurance for delay in possession of projects (high premium for disrepute builders would create market pressure on them) are some of the new features that can solve night mares to millions of people in India. The question is are we doing it right.

The author, Sankara Srinivasa Aiyyathurai, is Chief Operating Officer of Realtycompass.com

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