Thursday, 24 October 2013

Pondicherry Invites Keen Property Investors

Pondy is the capital city of the Union Territory of Pondicherry and is the most sought destination of  tourism in the down south.

The city retains the impressions of French rule with colonial buildings, statues, church, architecture and systematic urban town. It is considered as the “Europe of India” preserving huge base of thick flora and fauna and at the same representing unique mix of cultural heritage.

Pondicherry never fails to attract the tourists and therefore is a popular place to spend quality time especially on weekends. Prominent tourist places are Sri Aurobindo Ashram, Pondicherry Museum, Sacred Heart Church and others. The nearness to city from Bangalore and Chennai makes travel to the city an easy affair. People prefer taking a break from their heavy schedules of professional life and plan their stays in Pondy to have comfortable weekends away from chaotic muddle. Therefore percentage of folks visiting the city is increasing each year.

The swelling tourism figures of the city over a decade demanded the development of the property and with that the role of the developers became prominent. Various real estate players from the neighboring cities and within the Union Territory have undertaken efforts to create comfortable residential places for the tourist.

Infrastructure of the City

Apart from the tourism the city has also received due attention and growth from the manufacturing units established. Numbers of industries are expanding their horizons in the realm. Companies like IBM, Wipro have also established their corporate branches adding to the infrastructure progress.Besides this the transport augmentation and boom in the Real Estate sector also pools to the core strength of the city attracting huge population catty-corners.

Service Apartments in Pondicherry

Service Apartments in Pondicherry
For those who are willing to visit Pondy off lately, make sure you don’t end up paying exorbitant in the hotels. If you are looking for luxury and comfortable stay for your family and dear ones, then service apartments in the city can help you save a lot at the same time assuring premium services as of the hotels or even more.

To elaborate a bit about Service Apartments, these are residential spaces which are used as substitutes for hotels. These apartments have various benefits to draw. Primarily the investor can avail the expediency at much low cost when compared to luxury lodges. Secondly these apartments ensure complete privacy to the investors. The end buyers can stay in the flats till the time period they wish to at much affordable budget.

The interiors of the apartment are designed and decked as a home, so that end buyer’s draws homely feel. One can take up service apartment of any size as per their requirement.

Where to find Best Service Apartments in the Pondicherry?

If your next holiday destination is Pondicherry and major reason for your fret is where to find best service apartments, then stay relaxed, below is the list of few prominent places in Pondy where you can find best residential stays for temporary period.
  • Krishna Nagar
  • Kpdysamy Nagar
  • Victoria Nagar
  • Kottakuppam
  • Mudaliyarpet
The properties are available for both sale and rent basis. The price of the property varies. Usually the common price figure is 840 sq ft-928 Sq. ft (on sale) that differs as per the locality in which the property is situated. On the contrary the rental properties of 1 BHK to 2 BHK falls within the price bracket of INR 5000-7000.

So those willing to find best residential apartments in the city for temporary stays, service apartments in Pondicherry assures quality living, with premium set of amenities and facilities.

Wednesday, 16 October 2013

Meerut - The Latest Real Property Destination near Delhi/NCR

The real property market of Meerut has come up in a big way among other cities near Delhi in the recent past. The city today boasts of a booming residential and commercial realty market. Read the following post to know more.

Meerut - A Quick Look

The third largest city after Kanpur in Uttar Pradesh, Meerut traces its history since the times of the Indus Valley Civilization. One of the industrial towns of western Uttar Pradesh, Meerut has a large industrial base. Traditionally known for its handloom industries, the town was one of the first north-Indian cities to have a full-fledged publishing industry way back in the 19th Today, a major manufacturing hub, Meerut happens to be the largest producer of musical instruments, sports goods and bicycle rickshaw. However, with an economic boom, other peripheral sectors began to develop. Among them, the rapid development in the real estate segment is worth mentioning.

Meerut Property Market
Exploring the Real Property Market of Meerut 

With an infrastructural boom, the city has underwent a lot many changes. From extensive road networks to flyovers, from shopping malls to business hubs- Meerut’s economy is scaling greater heights with each passing day. The real estate sector has been reaping the benefits and the result is a booming property market that Meerut boasts of today.

Meerut has emerged as an affordable real estate destination in north India in the last five years. One of the major reasons that has been driving the property market of Meerut is its proximity to Delhi. Barely two hours by road, people commute from Meerut to Delhi on a regular basis. Moreover, availability of land at a much lesser price than that of Delhi/NCR has been pushing the realty market of Meerut to a great extent. Top-notch developers have capitalised on the property market of Meerut. Names like DLF, Supertech, Omaxe and Ansal API already have their presence in Meerut. With these leading developers expressing an interest in the properties in Meerut, the property prices in the city has appreciated in leaps and bounds; as much as almost three times in the last five years.

Additionally, the outskirts of Meerut have also recorded an appreciation in terms of land and property prices. High security, rapid infrastructural developments and excellent town-planning have been responsible for boosting the real property markets of surrounding areas like Cantonment Road, Hapur Road and Meerut Bypass. These areas have recorded a huge growth in the commercial realty segment with shopping malls coming up. Recently, areas like Modipuram and Mawana Road on Muzaffarnagar Highway have witnessed the establishment of commercial and residential complexes.

On the residential property market, Meerut has loads to boast of. If we explore, the residential and also the commercial property market of Meerut, we will find that Ansal API has developed a residential township named Ansal Housing; Era Group has a shopping mall and two residential projects coming up under its name. Another real estate giant, the Supertech Group, has three projects coming in the area. The projects are Shopprix, Palm City and Sports City. Other lesser known developers like Gayatri Group and Samaag Group are also capitalizing on the real property market of Meerut.

The state government and especially the Meerut Development Authority have taken up the initiation of infrastructural development throughout the township. The 64 kilometres long Meerut-Delhi Expressway slated for completion in 2015 is expected to reduce the driving time somewhere close to an hour. Industry experts opine that such a move is bound to boost the property market of Meerut to unimaginable heights.

The way the property market of Meerut is growing, it can be said that the region will become a favourite realty destination in the next five years to come.