Tag Archives: Residential

Residential Properties in Neral – What Makes Buyers to Buy High Flats

Are you looking for a stylish flat or an apartment in Neral, Mumbai? Property buyers are lured with various ongoing residential projects in the city of Neral by real estate developers.

According to a real estate survey, sales are crashing in India’s housing market. But this hasn’t stopped the real estate owners from launching new projects in Neral as well as Mumbai and Pune. Several ongoing residential projects in these cities are attracting buyers to make an investment.

In Neral, there has been a significant increase in construction work in affordable and ultra – luxury segments. The sale had gone up for flats and even in areas such as Mumbai’s metropolitan region and greater Mumbai, average property rates have also increased.

For capitalizing on environmental changes caused by proposed real estate laws and changes in economic scenario, companies are coming up with unique property formats. Not only developers are offering top-notch properties, but buyers are also demanding luxury homes, furnished with modern amenities. In order to attract buyers, developers are constructing stylish high – rise flats and apartments with world class facilities.

Apartments and flats have become quite famous among developers as they are building such constructions to differentiate their projects from other builders. Not just in Neral but skyscrapers have also begun making a mark on Mumbai’s skyline. The governing body of the city in 2011, gave a green signal to increase the maximum permissible height of high-rise buildings in Mumbai to hundred meters from 36 meters.

Many home buyers are willing to buy residential properties in Neral. To cater to this rising demand from buyers and wealthy buyers, developers have begun to build iconic premium 2 bhk flats in Neral. High – rise buildings are not just the need of the hour, but they do offer a stunning city view and this is the main reason why many home buyers prefer purchasing a flat on the top floor of such flats and apartments. These are plenty of benefits linked with living in a high rise building. Apart from the eye – catching views of the city, the exclusivity associated with such projects also attracts buyers. In a city like Mumbai, staying on the highest floor of a high rise apartment ensure clean, fresh air and zero noise pollution.

Such buildings have a status that can’t be replicated easily by other developers. There is also a status linked to such buildings which are hard to find in other projects. Many developers are trying to lure buyers by providing world class amenities like as a gym, garden, conference room or a swimming pool in such buildings. Since such buildings have a maintained entrance, security is also available.

In the last few years, residential properties in Neral have been announced by top real estate companies. These developers are collaborating with Indian property developers to attract home buyers with super – luxury, stylish and trendy penthouses and flats. So if you are willing to buy a property house in Neral, check the developer available on the internet.

Residential Apartments in Gurgaon

Gurgaon is a teeming and bustling township with high rises and offices of multi-corporations. When catering to this large group of corporate and expatriates which have migrated to work in India, residences are a big facility which companies have invested in. This influx of white-collared, well-heeled clientele has given rise to new breed of builders and construction companies which sell on the theme of luxury rather than affordability. Along with commercial real estate, residential real estate has zoomed and grown by leaps and bounds. Residential apartments in Gurgaon are a seeming luxury for outsiders and an evil necessity for the residents owing to the sky-rocketing rentals.

The craze and curiosity is so loud around these uber-luxury apartments that IMRB has conducted research on top luxury residences to check on the effectiveness of all this luxury.

Some of the famous names in luxury in Gurgaon are – Hamilton Court, The Laburnum, The World Spa, Aralias, Raheja Atlantis, Gurgaon One, Wellington Estate, DLF Park Place, Belvedere Towers, Orchid Petals, Jal Vayu Towers, The Close North, Vatika City, Ridgewood Estate and Sispal Vihar AWHO Society.

Apart from the residences for uber-rich, upper middle class also has a wide variety of apartments to choose from. Seeing the rush, the government has also come out with the affordable housing schemes in Gurgaon with the obvious drawback that these apartments will be in new locations which probably have less connectivity right now.

Rents for good 2 bhk will start anywhere from Rs 20,000 to no limits, depending upon the sector preference, amenities in the apartment complex and proximity to necessities. Builders are trying to build the housing complexes into a complete township with even entertainment options and necessities such as malls, theatres, schools, hospitals.

Gurgaon residences have become a big investment asset in the kitties of many ultra-rich with even though with high EMIs, the rental increase is making these buildings very profitable for their owners. Designer custom made apartments such as in Huda Plots, DLF, Sushant Lok, South City and Sohna road are the prime locations.

After all this hype and hike in prices, people have had to resort to shelling out high premiums to builders for getting bookings done in the affordable housing category. Haryana government is working on streamlining the booking process and making it transparent on the internet portal.

The biggest issue in Gurgaon housing has been lack of civic amenities such as drainage and piping which was an issue even with high rises where waste would not disposable. Other issues are power cuts and crime rate.

Gurgaon, also known as the Millenium City is expected to have around 2,500 multi-storey towers by 2018. With poor local transportation and an average flat costing Rs 75 lakhs, affordable housing seems like a dream in Gurgaon. For Gurgaon to not just remain a luxury and Richie rich destination, government will have to pro-actively work to make the wheels turn and resolve complications for affordability.

Why Gurgaon Has a Good Scope for Residential Projects in 2016

Some of the best residential projects are happening in the city of Gurgaon in the next 12 months. As the real estate market picks back up and the Indian economy continues to recover, this is one of the premier regions to find the best deals and most beautiful properties on the market. Here are a few reasons by Gurgaon should be your real estate destination in 2016.

1. A Wide Range of Options

One of the best aspects of Gurgaon real estate is the fact that there are many different types of homes available in varying townships. If you’re looking to spend a lot of money for luxury, you’ll be able find such an environment as easily as you can affordable housing. According to the Real Estate Times, the two types of buyers that have emerged in Gurgaon recently are those looking for residential property versus specifically luxury properties. Well-known real estate developer Unitech has recently put down new residential projects in Gurgaon that features luxury amenities. Not only do these types of townships boast the usual services, such as club houses, open green spaces, and excellent access to major roadways, but there’s another level of luxury now offered.

The Ivy Terraces, for example, are a group of properties situated within Wildflower Country and boast access to self-contained services such as schools, nursing homes, shopping areas, banks, and taxi stands. Luxury housing these days is an up and coming commodity, and if you’re looking for a wide array of options from which to choose, look no further than the townships and new projects in Gurgaon.

2. View from the Top

Don’t forget that although you may find a gorgeous flat to live in, you don’t want to forego natural beauty either. According to India Homes, one of the strongest reasons why Gurgaon projects are a good bet for investment is the fact that many apartments offer attractive views of the bucolic landscapes that surround the Millennium City. Properties are located within a more open setting than a city such as clogged and sometime claustrophobic nearby Delhi. Although larger cities and their surrounding suburbs are known for being major business capitals, Gurgaon has the best of both worlds. You can go to work in the Millennium City, or commute to a job in a larger city nearby, but then go home to both a beautiful, luxurious township filled with greenery. This is helpful in leading a life that’s balanced between personal enjoyment and peace, and hard work in your professional life.

3. The Economic Forecast Is Sunny

Gone are the dark days of the recession that were full of doubts and insecurities about the future as the national economy continues to improve. In fact, real estate experts reported to Business Today at the end of last year that it’s time to start investing again, especially due to the fact that prices in certain areas, including Gurgaon, have lowered due to various market factors. If you’re looking to get in on the ground floor to buy some of the best residential projects for 2016, Gurgaon is one of the safest areas in which to invest. Whether you’re seeking luxury or simply a decent home for an affordable price, the outlook in terms of investments and return are looking increasingly better as time goes on. Given that the current national government is also especially interested in expanding and fostering business and economic growth, there’s never been a better time to get back on the real estate bandwagon.

4. Developments Slated for 2016

The Hindustan Times reports that, due to Gurgaon’s rapid growth in spheres ranging from industry, business, and urbanization, it has the potential to become a forerunner in cities that are capable of self-financing. It’s a city on the rise, and the continuous growth of the corporate sector and companies setting down roots has ensured a steady flow of jobs, structure, and has served as a draw for many different types of property buyers. This includes everyone from expats to middle class professionals looking for a good property investment that will retain its value. Next year is shaping up to be a good year for many sectors, including the real estate market. Gurgaon itself is also continuing to meet many expectations of its residents, and growth hasn’t slowed down so far in 2015.

The year 2016 is slated to be an exciting time for the real estate market in India and new residential projects in Gurgaon, with new interest generated in emerging properties and reputable developers continuing progress in prime areas. The more buyers who are interested in these homes, the more demand will meet supply. Although the entire country experienced serious economic setbacks, as did the rest of the world in the past few years, recovery will continue into 2016. Act now to get in on some of the best deals in the real estate world, especially in fast growing locations like the Millennium City, and reap the rewards in years to come.

London and Monaco are Europe’s Most Expensive Cities For Residential Property Buyers

Closely on its tail is Prime Central London, where 120 sq. m. super-luxury apartments can cost £1,170,000 or £9,750 per square metre (sq. m.) (in Euro: €1,742,656, or €14,522 per sq. m.). Apartments of 120 sq. m. in other luxury areas of Central London are likely to cost £580,000 or £4,833 per sq. m. (€863,880 or €7,199). The large difference is explained by London’s highly segmented top-end market, with super-luxury apartments in absolutely prime areas commanding considerable premiums.

Paris and Amsterdam follow London. A 120 sq. m. apartment in either of these cities has an average purchase price of €800,000 (€6,667 per sq. m.).

Moscow is Europe’s sixth most expensive capital for buyers of residential property. And though apartments in Moscow can be rather rewarding for buyers in terms of rental income returns, investors should be aware of the high risks (purchases are cash-based, and the authorities can suddenly turn hostile).

Dublin makes an appearance among Europe’s most expensive cities in 10th place, with a high end 120 sq. m. apartment on average costing around €600,000.

The Baltics, till recently Europe’s hottest residential investment destination, are now expensive. A high-end apartment in Central Vilnius, Lithuania will cost on average around €3,792 per sq. m (€455,000 for 120 sq. m.). Latvia follows closely with high-end apartments in Central Riga costing an average of €3,020 pr sq. m. Rental yields in the Baltics have also dropped to very low levels.

There are still some very inexpensive capitals in Europe. Berlin, in particular (€3,167 per sq. m.), is now experiencing inflows of foreign money in response to its relatively low prices. But much less expensive are Slovakia’s Bratislava (€1,292 per sq. m.); Warsaw, Poland (€1,175 per sq. m.); Skopje in Macedonia (€1,125 per sq. m.) and Chisinau in Moldova (€917 per sq. m.). It is to be expected that foreign buying in some of these capitals will accelerate.

Rental returns are falling

The rental returns on owning apartments in Europe vary greatly – from around 14.13% in Moldova’s capital Chisinau, to 2.43% in Monaco. The trend is for rental income returns to fall, because rents are not keeping pace with prices anywhere in Europe. As 2007 dawns, rental returns are lower in most locations than they have been for 20 or more years.

To some extent rental returns appear to correlate with risk. Most of Europe’s ‘high yielding’ countries are in the East. Apartments in four Eastern European capitals earn above 10% rental returns: Chisinau, Moldova (14.13%); Warsaw, Poland (13.28%); Sofia, Bulgaria (10.56%); and Bratislava, Slovakia (10.06%). The higher risks of the East may be a factor in these returns (high corruption, political risks).

But risks are not the only factor. The Global Property Guide believes that the relatively recent arrival of the market economy, high interest rates, and relatively undeveloped mortgage markets. To illustrate, it would surely be hard to label the historic city of Bratislava, Slovakia, as a high-risk location, yet the rental income returns are excellent.

Western Europe generally suffers from another, different disadvantage: High taxation. There are high rental income returns to be earned in Amsterdam and Paris (8.25% in both), in Munich (7.80%) and Brussels (7.53%). But all four cities are high tax environments.(Poland and Moldova are also high tax for rental income.)

Property in Prime Central London returns surprisingly high rental yields, at 7.13%. Note that this “Prime” category encompasses relatively a narrow group of super-luxury apartments in absolutely prime areas (Belgravia, Chelsea, and Knightsbridge). The high returns in these select locations contrast with the significantly lower rental yields (5.79%) available in Central London’s other luxury areas (Kensington, Bayswater, Notting Hill Gate, St Johns Wood, Highgate, Islington, Highbury, and Primrose Hill).

Rental returns cannot fall forever

Nowhere in Europe are rents keeping pace with the continued rise in property prices. This is cause for concern. At the Global Property Guide, we informally consider a danger signal to be rental returns of around 4% or below.

Several European capitals offer rental income yields around or below this 4% level. An example is Madrid, where rental returns are now at only 3.15%.

See the tables at: [http://www.globalpropertyguide.com/articleread.php?article_id=82&cid]