Tag Archives: eco-friendly

Bengaluru Real Estate hits a all time high!

img4

This one time we’re not referring to the iconic superhero, but the prices of homes in the city of Bangalore. Even though real estate markets across the country are getting hammered because of the economic slowdown, rising interest rates, delays in project approvals and piling unsold inventory, Bangalore seems to be totally unaffected by this dark streak and has maintained and increased its prices of property(Much to the dismay of current and to-be wishful Bangalore property purchasers).

The reasons why Bangalore is performing better than other Indian markets are the more reasonable price spikes and better execution of projects. Statistics show us that while residential purchase witnessed a slowdown across major cities, Bangalore has escaped relatively unhurt, and witnessed a drop by just 18 percent. Even within Bangalore, the best performing areas in the city for the residential sector were areas in North Bangalore. These locations saw the highest demand and appreciation during the year. The improved infrastructure in this region, its proximity to Bangalore International Airport Ltd (BIAL) and overall enhanced connectivity helped North Bangalore become a much sought-after residential destination. Because of the infrastructure initiatives in various stages of construction and planning there, including the proposed high-speed rail link, the Hebbal-Yelahanka expressway, the elevated expressway to BIAL and the advent of the monorail, North Bangalore was one of the safest and most lucrative residential property investment bets of 2012. North Bangalore will continue to grow thanks to its massive potential for capital appreciation. Other top emerging destinations through 2012 were Tumkur Road, Vijayanagar and Magadi Road in West Bangalore, with capital value appreciation to around 12-15 percent. This region saw stable demand because of the developing metro line, which will provide enhanced connectivity. Yet another area to start edging its way into the limelight was Kanakapura Road, which has begun seeing the benefits of metro connectivity, the establishment of the NICE Road (the Bangalore-Mysore Infrastructure corridor), the availability of Cauvery water and its affordable price points. For retailers, mall developers and retail space investors, North and East Bangalore are definitely the areas to watch out for. The rapidly developing infrastructure and expanding residential catchments in these locations are reasons of vastly increased retail activity over mid to long term basis. Our sincere advice to small investors is to go for residential projects in which units are priced between Rs 80 lakh and Rs 1 crore as three-BHK units are going to be the fastest-moving and appreciating products in 2013 and beyond.

So, at the moment and in the near future, the stars of fortune have decided to keep shining in Bangalore’s favour. How long this win for Bangalore will last is a question of time and economic factors. The future may hold its ups and downs for Bangalore, but right now it’s just up and more ups

Rating:

BUYING VACATION HOMES – WHAT ONE MUST CONSIDER!!!

shutterstock_26006125-300x199

There’s a cold nip in the air. The festival lights that flicker like a pack of fireflies with the setting sun as the backdrop create a bokeh of memories that lead our thoughts in one direction- a holiday to a land far far away. Our hypothesis for such strong emotions is that these colourful lights seep into the essence of our being and stir deep seated emotions that are tantamount to relaxing holidays in far flung places; reasons that definitely push financial considerations into the background. And why not? The best vacation properties offer something right out of a Hollywood film (in our minds at least) – a view of the vast expanse of the sea, a mountain vista, a wooden cabin overlooking thick groves or a dock on a lake. Also a great retirement head start and an awesome, low cost destination for gatherings.

But flowery, quixotic dreams apart, before you invest in a vacation home keep in mind that you don’t have to buy the ultimate beach house with the high ceilings and French windows. It’s OK to start small. And also, it’s better if you don’t flow with emotions and spend more than you have to spare.

So what should you keep in mind before buying that ultimate vacation home which you would like to revisit every year?

Look for a place within three hours’ drive of a major metropolitan area or where you stay. Longer distances with difficult roads make weekend trips a pain. And this might turn you off from a visit to your vacation retreat.

Overenthusiasm could be a curse in the long run. Sometimes an investment opportunity seems so tempting that you can barely contain your enthusiasm. But buying a vacation rental property involves real estate, and it’s not like online shopping of shoes with 30-day return policies. So keep in mind your cash flow, the location, resell value etc.

The allure of vacation investment property is unmatched. One of the reasons is that whether you’re a skier, a lover of the beaches, or someone who dreams about fishing for 12 hours a day and scuba diving for the rest, there are homes available to meet a wide range of budgets/interests. Also vacation homes have long term profits. While all assets fluctuate in value in the short term, these properties retain their value mostly and even appreciate, simply because they are located in touristy/beautiful areas. So if you want to come back home with more than just a tan, a few souvenirs, instagrammed stories and a big hole in your pocket, take a soulful dip into the real estate world of vacation homes.

Here are some investment tips that you should keep in mind before buying a vacation home:

Buy only what you can afford even if you consider your vacation home as a potential way to earn income. View the home as a form of recreation, not an investment.

Buy an existing home instead of land.

Work with an agent who knows the area.

Research all four seasons before you buy.