Kanakpura Road fueling the real estate growth of Bangalore

Kanakapura is the hottest investment destinations in Bengaluru today, with the Kanakapura Road real estate market growing, due to its seamless connectivity to the major business zones in the city. Kanakapura is a town located 55 km away from Bangalore. The Kanakapura road is a part of the NH 209 which connects Kanakapura to Bangalore. Kanakapura Road has become active on the real estate especially in the residential sector, thanks to infrastructure developments such as the establishment of NICE (Bangalore-Mysore Infrastructure Corridor) Road which has enhanced connectivity to Electronics City, Bannerghatta Road and Mysore Road. Bangalore Metro Phase 1 till Puttenahalli. There are various reasons for the demand of this area. One of the chief reasons is the advancement of Bangalore attracts people from all over the country to settle in the city. But the city is almost saturated and property rates have also sky-rocketed. So people are slowly moving to the sub

urbs in search of homes. Kanakapura road is hence becoming a one of the most sought after localities. It is also famous for its green reserve, being situated in amidst forest.

The development of the airport opened doors for offices and mixed-use developments along NH-7, connecting Yelahanka and the airport. Availability of large land parcels for big projects and good rail and road connectivity with the core of Bengaluru were also driving the investment sentiments in Yelahanka. Kanakapura road is a key arterial road that starts in Basavangudi and runs through posh localities in south.  Infrastructure in the region is also among the best in the City due to the elevated expressway, monorail, excellent connectivity to prime locations. Another major factor that transformed Kanakapura into one of the sought-after areas in the city is the Bangalore-Mysore Infrastructure corridor project that envisages a 106 Km six lane super highway. The connectivity to different places through NICE ring road and extension of metro has made the area as a real estate hot-spot. The road has transit points that give you several options of connectivity to different locations.

While thinking to invest, one can consider plots and sites, flats, villas in Kanakapura Road, commercial buildings, commercial sites and lands in and around Kanakapura Road for investment purposes. As far as the property appreciation is concerned, the real estate investments will fetch good returns in short time in Kanakapura Road. Increase in demand for properties in Kanakapura Road with directly proportional increase in number of dwelling units has also paved way for a great rental market yielding an average of Rs 15,000 for a reg

ular 2 BHK apartment. The present rates are pretty competitive and there are housing options for every budget. The proposed developments in the area, are bound to ensure good appreciation, while social infrastructure is also rapidly being developed. These points more than evidently prove that Kanakapura Road is a perfect destination to invest and park their funds, these not only will yield good returns, but will also make a wise investment choice.

Investing at Kukatpally

Kukatpally is an ideal, well-rounded neighborhood of Hyderabad. Kukatpally is situated on the north-western part of the city of Hyderabad, in the Ranga Reddy district. The locality of Hafeezpet lies to the west, and Kothaguda, Hitech City and Madhapur to the south of Kukatpally. It is famous for having one of the best developed residential colonies in Andhra Pradesh – the Kukatpally Housing Board (KPHB) Colony. Another special thing about Kukatpally is that it is the commercial hub of the city.  Kukatpally is also known to be an educational hub, with plenty of good schools and educational institutes, which is why many families choose this locality for their home. One of the major advantages that the residents enjoy is that they can easily access shops and malls in this locality. Apart from creating an immense number of job opportunities, this has also meant a boost for the real estate industry, especially in Kukatpally. One of the major factors that has turned Kukatpally into the destination of choice for many home buyers is its proximity to Hitec City and Financial District, Gachibowli. Both the IT hubs are located within 10km from Kukatpally. The shorter commute to work is one of the reasons that has attracted many professionals from the IT/ITeS industry to come invest in the area thus increasing the demand for premium properties in the area.

The Mumbai Highway runs almost through the centre of this locality, and connects it to places like Ameerpet, Banjara Hills, Moosapet and Miyapur. The locality does not have a railway station of its own. It is however quite close to the MMTS run stations of Hitech City, Borabanda and Bharatnagar. To catch express trains that travel to other parts of the country, the stations available are Secunderabad, Nampally and Begumpet. Kukatpally’s is located in Corridor 1 of Hyderabad Metro Rail, covering nearly 12-km Miyapur-SR Nagar stretch with stations in KPHB Colony, JNTU and Kukatpally which also has a significant impact on the connectivity of this region. The accompanying development in physical and social infrastructure in Kukatpally, because of the KPHB colony, led to an increase in demand for other residential projects around the colony. It first saw a spurt in home buyers after the development of the Kukatpally Housing Board colony, Asia’s largest housing board. Kukatpally has also thrived as a micro market. It has everything right from Rythu Bazar (farmer’s market) where you can buy farm fresh produces to major brand outlets.

This growing population of dynamic, highly educated and motivated professionals have attracted like-minded individuals who have contributed to the cosmopolitan community of Kukatpally thus pushing up the demand for premium housing and with that the real estate prices. As Hyderabad gears up to play host to growing list of companies, this demography is only set to grow and with it the property prices as well. Kukatpally is undergoing some major developmental changes. Funds of over Rs 1,500 crore have been allocated for the development of this locality as an even bigger residential hub. he demand for other apartments in Kukatpally around the colony also increased, because of the overall development in physical and social infrastructure in Kukatpally, because of the KPHB colony.

A look at some of Andhra’s top realty hubs

Andhra Pradesh is one of the leading states in the country in terms of job opportunities and providing a great quality of life. Here is a look at some of the cities in state and their real estate scenarios.

Tirupati

While most know Tirupati as the temple city that draws lakhs of pilgrims every years, not many would know that it is also a major educational hub with several universities and colleges including state government and Tirumala Tirupati Devasthanam sponsored medical, pharmacy, agricultural and engineering colleges in the city.

Tirupati’s road and rail connectivity coupled with its accessibility to Chennai, Bangalore and other nearby districts. It is being groomed as one of the commercial hubs of the state with an Information Technology Investment Region (ITIR) being planned in the city.

Real Estate Scenario

According to sources, with the government announcing an IIT, IISER (Indian Institute of Science Education and Research) and a Central University for Tirupati, real estate prices are expected to rise by 10 per cent over the next few months.

Visakhapatnam

Vishakapatnam, also known as Vizag has all the qualities to become the financial capital, IT hub, cinema center and tourism center of Andhra Pradesh.  Besides Hyderabad, it is the only city with two ports, an international airport as well as good railway connectivity. Over the past few years, Vizag has already established itself as a strong IT hub with the government planning an IT incubation center, and an ITIR spread over 12,000 acres. Besides this Vizag is also considered a hub for education with many state-run schools, private institutions, missionary schools and colleges.  Plans are further afoot to set up an IIM and an IIT in the city. With a well-developed retail and hospitality sector, Vizag is witnessing unprecedented growth. The city has a good cosmopolitan crowd, with a mix of all communities and hence is considered a good option by the migrant community as well.

Real Estate Scenario

Real estate prices in this port city have been zooming northward with prices increasing by 10 to 15% during the last couple of months. Properties are becoming popular here by the day.

Vijayawada

Known as the ‘commercial capital’ and also ‘political capital’ Vijayawada is also has great economic prospects and is famous for agro products processing, automobile body building, hardware, textile, consumer goods and small scale industries.

With good quality schools and colleges, Vijayawada is also an educational hub. The city is well-connected by railways and is the vital south-north link. It is the only city in residuary Andhra Pradesh state with rail, road, air and water links with the rest of the state and country. Trains connecting all metros in India pass through.

Real Estate Scenario

This with developed infrastructure and superior connectivity, Vijayawada has everything that a developed city needs. However the real estate sector in the city is reaching a saturation point with skyrocketing prices making buying properties here unaffordable for the common man. According to the Greater Vijayawada Builder’s Association, the quoted price of a square yard of land in in Vijayawada city limits used to be Rs. 15,000 to Rs. 18,000 has grown to a staggering Rs. 1 lakh.

How you can get out of a property deal

Buying a house is a dream that a lot of Indians have had for a long time. But it is not an easy dream to have. It can often turn into a nightmare. So one has to be very careful while going about undertaking this process. Go into it with eyes wide open. No point in regretting this decision later.

Buying a house is a decision that requires meticulous research and precaution as once you sign along the dotted line it is nearly impossible to reverse a sale. However, very often when we invest in a property, we get carried away by an over exaggerated sales pitch or fall victim to an overly aggressive salesperson or you simply get cold feet after paying the initial amount. So what do you do when you want to walk away from a closing?

We bring you a few tips how to cancel your booking after you have made a financial commitment to the builder.

Read all agreements and documents

If you have a sudden change of mind and want to cancel your booking, the first thing you need to do is to read the document, looking for loopholes that would assist you. Many developers have a cancellation clause where they offer a refund option if the project is delayed beyond a specified time. You can take advantage of this clause and cancel your booking whilst claiming a refund with a simple interest rate.

No agreement

If you have made an initial payment, but there is not agreement, then experts claim that the process of purchasing a property has not commenced. If you have paid the amount by cheque you can recover the amount from the builder by showing the developer a receipt of payment or allotment letter. If the builder refuses a refund, you can always go for help to the Indian consumer court or then file a civil case for recovery.

Cancellation fee

Many builders have a clause for a cancellation, wherein if the home buyer changes his mind about the property deal, then a predetermined fee will be levied on them. Paying this fee is also a simple way to get out of a home agreement if you have changed your mind.

However, buyers must know that if they have paid stamp duty, registration charges, service tax, and VAT, it will not be returned back to them in the case of cancellation of the deal. Once made, these payments are non-refundable.

So you have to be very careful before you fork over the money to the developer. Take this decision only when you are completely convinced that the property is what you want. There is no point in regretting once you give away by the money. Don’t get pressured into buying the property. It must be only your decision. Weigh the pros and cons and don’t hesitate to pull out if you think that this is not the right deal for you. Better safe than sorry.

 

How schools impact real estate prices in the neighbourhoods

There is no denying that the quality of nearby schools can impact the price of a home. But while this fact has always been somewhat of a given in the real estate industry, recent statistics now demonstrate just how much of an impact school quality has on real estate. Moving for schools is a common practice for house hunters throughout the world, sometimes even for home buyers without kids. Many home buyers are willing to pay more for good schools and are even willing to trade bigger and better homes for access to quality school systems. Twenty-nine percent of the buyers listed schools quality as a deciding factor in their decision. The influence of school quality on house prices also feeds back into school admissions. Faced with strong evidence on house price effects and in an effort to give poorer children the opportunity to enroll in high performing schools, recent policy has tried to loosen the link between where children live and the schools they attend. The link between schools and house prices also sheds light on the general shortage of what parents perceive as high quality schools, influencing the policy measures to extend competition, choice and the quality and diversity in provision through the academy and “free school” programmed.

Spending on housing is spending on a bundle of goods: structural quality, access to transport, green space, shops, safety from crime, views, environment and so on, alongside school quality. The market price of a house therefore reflects the availability of these attributes and amenities, and buyers’ willingness to give up other forms of consumption to pay for them. Some buyers will actually come to these areas with the specific intention to buy a home there specifically for the excellent school systems. However, there are other kinds of buyers out there that consider schools as part of an overall equation in determining the desirability of a property. Real estate investors buy homes for very different reasons than the average nuclear family – yet they are coming to a similar conclusion on the desirability of homes located near good schools. This is a perfect example of how schools can impact buying decisions.

When discussing why good schools do what they do to property values, it is easy to get into a “chicken and egg” dilemma. On the one hand, it is possible to argue that good schools are responsible for increased property values. After all, we just discussed multiple reasons why buyers will seek out homes located in good school districts and pay a premium for them. The conclusion that good schools drive up prices is an obvious one. The basic procedure is to take the price of a house and its associated local school quality, and compare them with the prices of similar neighboring houses that offer access to a different set of schools. The assumption here is that the close neighbors provide a set of almost identical “twins” with which comparisons can be made.

Ideal Spring Decor Colors

Spring is considered the refreshing season of the year, when most people clean up from the long cold winter months, set out their garden and patio, re-do some decor to give a fresh look and appeal to the house. Spring is that time of the year when the flowers start to bloom and the whole place begins to look more colorful and green with all the natural bloom. It would be perfect decor idea to incorporate some of those colors into  the home decor too. Decor is a generalist terms depending on one person to other.  To a few it may mean adding some pieces here and there to add some new element of attraction. To few others it may mean re-doing some waiting home project which will make the home seems refreshing and new. Whatever the idea maybe, here are some suggestions and new tips on how one can effectively implement the design concept. That being said, colors are also person to person, mood oriented. But the points discussed here merely give a holistic approach to colors and creativity with some personalized touch will make the most impact.

After the gloomy dull winter months, adding some pop of color can be of good help to lift up the mood and get the family prepared for the next couple of months. The outdoorsy feeling can be brought in by incorporating some fun DIY decor on the patio and backyard. Setting up the backyard is a great way of welcoming the family to the outdoor spaces. Incorporating bright colors like Oranges, pink  or red shades, green shades create an outdoorsy mood. Moving to the indoors, the decors can be as simple as changing out the drapes, curtains and pillow covers. Some may even reconsider changing out the rugs or deep cleaning the existing rug and carpet to give it a fresh feeling. Adding blues and patterned blues help create a 3 dimensional cooler appearance. It also creates a good amount of distraction from the bright outside.

Spring days are oriented to rain. People can very much expect surprise rains on these spring days. These surprise showers help plants grow fresh. Adding some potted plants on the window sill and manually watering them can also help create an ambiance for spring. While adding larger plants with colorful pots on the outside of the house also help with gardening and then reap the fruits and flowers planted. Add some elegant fabric throws to the couch to help create a neat feel of the spring decor. Incorporate small and budget friendly DIY show pieces. These make the home look more personalized and help create a personal touch. For a relaxed, country look, decorate with a backdrop of chalky paint on walls, then pick a palette of raspberry and soft green for fabrics. A blend of leaf, floral and check patterns looks fresh and inviting. Start spring off right by embracing bright colors and unique combinations. The more creative one can get, the more unique and customized the decor would get.

How to protest your house from a pest attack

There are many things that can go wrong without the four walls of your apartment. And one of those things is an outright nasty invasion of a pest. Pests come in all sizes and forms. But once they descend on your residence they can only spell trouble. They are not something that should come in contact with your family if you want them safe and healthy.

When pests come to invade your residence it can go to a level where you might have to vacate it for your house for some time. But the point is why do through the entire ordeal when you can prevent an infestation from happening altogether. They don’t say prevention is better than cure for no reason. So here are some ways in which you can prevents pests from spreading the plague in your flats.

You start by not letting them into your house in the first place. You need to be mindful of the all the entry points into your home which pests can use to get inside. These could be things like cracks in the walls and the openings in the wood work. You need to undertake a checkup of your home and ensure that all the entry points into it are sealed.

Pests like a home because it provides them all the ingredients that are needed for them to develop. They get food, warm and shelter from their enemies. The thing is even though they are readily available in your house, you should not make it easy for the vermin to get to them.

It is completely in your control to ensure that your house is clean at all times. This will discourage the pests from taking shelter in your apartments. Vermin usually tend to hide where there is a lot of clutter. So it is really important you de-clutter your living quarters pronto. You should also ensure that you clean your residence every day without thinking twice about it.

Never ever leave any food lying around. It should always be packed away after eating into an airtight container. This is especially true of food items that are sweet in nature. Pests like ants are very attracted to sweet stuff. Cretins like cockroaches are also attracted to food. This means that your kitchen is a prime attraction for these vermin. You need to ensure that your kitchen sink that have any speck of food and undone dishes overnight. Your kitchen needs to be the cleanest part of your residence. You should also be diligent about disposing your garbage. It has to be every day without fail.

Another thing you can do is to get your house checked every season. Seasonal changes can also trigger outbreaks. Expert help does prevent the possibility of an outbreak from even happening. They will check and treat places which you might not have even thought about. So ensure that besides taking all these steps on your own, you get the experts involved periodically.