Real estate market health is vital for the economy on the whole. The banks have been reducing interest rates and builders are coming up with special offers and dream houses with clubhouses, swimming pools and everything under sun, above and around it for that matter, to lure customers.
Builders have had a hard time during recession and a desperate measure that can be observed as an upshot of that has been special packages, discounts, plummeting base prices and everything.
Aparna is offering a monthly rental of Rs.15,000 from the date of booking till possession (4 months) has revised its base price and now it comes at Rs.2,799 per sft, Mantri has dropped price, Aliens Group is selling at 2500 per sft, Ashoka gave away santro cars for customers, Indu fortune fields sales guy says "45-50, not more than that", when the quoted price is approx 60 lakhs. The sales guys are so desperate; go meet them in the last week of any month and they will be willing to drop the base prices to abyss! :)
When the customers are still basking in the happiness of the ashadam sale of flats, there is the festive offer season of Dushera. Don't worry if you are away for a vacation. There will soon be a magazine or two celebrating their anniversary and the builders are sure to have a tie up! :))
Thursday, September 17, 2009
Tuesday, September 8, 2009
Gachibowli-The next Hitech City
Most builders mentioned in the previous posts, Aliens Group, Aparna, Mantri etc have their major projects coming up in and around Gachibowli.Surrounded by major IT and business developments, this area is all set for a growth spurt.
Owing to its proximity to major forthcoming developments and to the existing IT and business centre at Hitech city, and great connectivity to Outer Ring Road make Gachibowli an attractive destination for investment and home buying. Investing in a growing community can be very profitable in terms of residence, resale and rentals.
Office space running into millions of sqft are being built, at the vibrant city suburb of Gachibowli. The flag bearer, Hitec City 5-10 Km from Gachibowli has in the last 5 years seen peaking of building spree and has reached saturation. The movement has now started at Gachibowli. Gachibowli already hosts campuses of Microsoft, Infosys, Wipro, Polaris, Kanbay, Templeton, UBS etc. Scores of office complexes and residential townships are under construction.
To take care of the needs of the rich clientele that will make their base in and around Gachibowli, several large infrastructure and construction firms are rolling in world class residential townships. Commercial projects, malls, super Markets and multiplexes are now being built by companies like Aliens, IVRCL, DLF and LANCO. The sales numbers of these number speaks for the fact that Gachibowli is the next Madhapur-Hitech city. This new investment destination has already attracted constructors who are in the process of shaping Technocity, Tellapur railway station, Express Highway, Aliens Space Station 1, Wave rock, and many other residential and commercial developments in the same vicinity.
The Areas of Gopanpalli, Nallagadla, Tellapur beside Gachibowli are peaking in prices and are hot investment destinations and have been declared by the Urban Development Agency of the city (HUDA) as High-rise zones. HUDA's careful planning and execution in this regard are praise worthy.
Gachibowli is one place to watch out for!
Owing to its proximity to major forthcoming developments and to the existing IT and business centre at Hitech city, and great connectivity to Outer Ring Road make Gachibowli an attractive destination for investment and home buying. Investing in a growing community can be very profitable in terms of residence, resale and rentals.
Office space running into millions of sqft are being built, at the vibrant city suburb of Gachibowli. The flag bearer, Hitec City 5-10 Km from Gachibowli has in the last 5 years seen peaking of building spree and has reached saturation. The movement has now started at Gachibowli. Gachibowli already hosts campuses of Microsoft, Infosys, Wipro, Polaris, Kanbay, Templeton, UBS etc. Scores of office complexes and residential townships are under construction.
To take care of the needs of the rich clientele that will make their base in and around Gachibowli, several large infrastructure and construction firms are rolling in world class residential townships. Commercial projects, malls, super Markets and multiplexes are now being built by companies like Aliens, IVRCL, DLF and LANCO. The sales numbers of these number speaks for the fact that Gachibowli is the next Madhapur-Hitech city. This new investment destination has already attracted constructors who are in the process of shaping Technocity, Tellapur railway station, Express Highway, Aliens Space Station 1, Wave rock, and many other residential and commercial developments in the same vicinity.
The Areas of Gopanpalli, Nallagadla, Tellapur beside Gachibowli are peaking in prices and are hot investment destinations and have been declared by the Urban Development Agency of the city (HUDA) as High-rise zones. HUDA's careful planning and execution in this regard are praise worthy.
Gachibowli is one place to watch out for!
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