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Ghaziabad- Dilshad Garden Metro Route To Start From January 2019; Real Estate To Get Big Boost

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In order to lessen the travelling time between Delhi-Ghaziabad, the much-awaited Dilshad Garden-Ghaziabad metro line will be open for public use by January 2019. The trial run on the 9.41km stretch has already been completed. Both the Ghaziabad Development Authority (GDA) and Delhi Metro Rail Corporation (DMRC) are fast-tracking the final work on the route.

In 2014, the DMRC and GDA have planned to extend the metro route to ease traffic woes of daily commuters. The 9.41 km elevated router will cover eight stations – Shahid Nagar, Raj Bagh, Rajendra Nagar, Shyam Park, Mohan Nagar, Arthala, Hindon and New Bus Adda. Almost 90% of the work has already been completed on all the metro stations.

The estimated cost of the complete project is nearly Rs 2,210 crore with about Rs 1,479.6 crore shared between various state agencies. The funding pattern has already been approved by the Uttar Pradesh Government. According to this pattern, the share allocation for the various agencies are Rs 695.8 crore for the GDA, Rs 246.35 crore for the GMC, Rs 440.45 crore for the UP Awas Vikas Parishad and Rs 97 crore for the UPSIDC.

Apart from the metro line, three other flyovers will be constructed in Vasundhara, Hapur Chungi and Rajnagar Extension to ease traffic on the busy stretches and curtail travel time.

Boon to Real Estate Sector 

The proposed metro route will not only enable faster travel between Ghaziabad and Delhi but also add feathers to the realty market of the connecting regions of Ghaziabad. The residential and commercial properties around the Metro stations especially the newly launched one will receive a big boost once the metro line will start its operations. Residential projects like Gulmohar Greens, Saviour Park, M.R. Proview Shalimar City are already serving much of the population, while the demand for new project has already increased after the announcement of the stretch.

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Nisha Shiwani hails from the pink city of Jaipur and is a prolific writer. She loves to write on Real Estate/Property, Automobiles, Education, Finance and about the latest developments in the Technology space.

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Prestige Group Inaugurates Three Landmark Properties In Bengaluru

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The three properties, Prestige Technostar, Prestige Falcon City, and Prestige Gulmohar come under commercial, mixed-use and residential developments.

Speaking on the occasion of the inauguration, Irfan Razack, CMD, Prestige Group said, “In recent years, the property market of Bengaluru has taken a U-turn in terms of demand and supply. The country has recorded a 75% increase in the launch of new housing projects across various cities. The same has been witnessed in the commercial, retail and mixed-use segments too,”

He added that the group has got a positive feedback after the launch of the above three developments. We thank all our valuable property buyers for giving these properties such a good response.

About Properties

Prestige Technostar: Prestige Technostar is a commercial development situated on Brookefield Main Road. The commercial space is hosts to 1.8 acres of landscaped central open space, world-class office space spread over 10,54,655 sq ft along with water features and social zones. The development also offers Food & Beverage facilities, a gymnasium, a crèche, parking for 1897 cars, etc.

Prestige Falcon City: It is a mixed-land development which consists of 2,520 world-class housing units, massive retail area, and the largest Forum Mall in Bangalore. Located at Kanakapura Road, the project is spread across 41 acres of area, the housing units on offer are 2, 2.5,3 and 4 BHK apartments with spacious and state-of-the-art architecture. Prestige Falcon City  also houses the giant clubhouse, entertainment zone, cultural and convention center, etc.

Prestige Gulmohar: The residential development is spread across 3.27 acres of area and is situated on Horamavu Main Road. The 404 residential units (2, 2.5 and 3 BHK) are spread across 5 Towers with some brilliantly-crafted amenities. All the units are spacious, well-ventilated and Planned with luxurious and mind-blowing interiors. The property also houses amenities like gymnasium, Badminton court, health club, multipurpose hall, swimming pool, etc.

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Commercial profits: Land Prices in Hyderabad Up By 30 Percent

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Exciting news for Hyderabad real estate, according to a latest study by a leading real estate company, it has been disclosed that the price of land used for commercial purpose has shown a major-20-30% rise in last few years. The same has been observed in the rentals too which has seen a growth of about 20%.
As per the study, “The increase is due to the fact; Hyderabad has seen major traction from some of the leading real estate developers who showed their interest to set up their major commercial projects here.”
Some of the renowned developers who stepped forward for investment in the commercial market are Blackstone, XANDER, Ascendas, RMZ, and Salarpuria.
The report has increased positiveness amongst many experts who are rejoicing with the latest changes in the Hyderabad’s commercial property market. According to them, because of government’s initiatives like unrestricted Floor- Area-Ratio, the pace of construction is strong and fast in Hyderabad. This has also lead to price rise and growth in the demand and supply of the commercial properties.
Another expert mentioned that the city is an easy State to establish a business. At the same time, state government policies are also helping in the faster delivery of projects. He added that in coming years, Hyderabad is going to witness major attention from Flexible, technology-enabled and Coworking office space operators.
In residential sector also, Hyderabad has witnessed a major jump in past few years with leading developers construction both luxury and affordable housing projects for the potential home buyers thereby leading to an increase in the demand and supply of residential units

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Top Projects To Invest In Hyderabad Under A Crore

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With Hyderabad real estate market gaining momentum in recent years, the demand and supply of housing units have also witnessed giant leap. All this is due to an increase in employment opportunities and better infrastructure that has called upon many working professionals to buy their dream home in the city. Moreover, there are many up-class home buyers in Hyderabad who wants to invest in a luxury property. Take a look at some of the project which a home buyer can easily avail under a crore:
Ramky One Galaxia Phase II, Gachibowli
The premium project offers 2 and 3 BHK units in various size and configuration. Located in proximity to leading commercial centers, educational institutions, hospitals, and malls; Ramky One Galaxia Phase II is a complete mix of luxury, elegance, and modernity. With a total of 412 apartments, the project is home to a state of the facilities and amenities like Fully Loaded Clubhouse, children’s play area, jogging track, Senior Citizen lawn, etc. The property is currently under construction and the starting price of the unit is Rs 70 lakhs.
Incor One City, Kukatpally
Incor One City is an under construction township offering 2 and 3 BHK Apartment that bangs on the KPHB – HITEC City Main Road, Hyderabad. The township and the units have been thoughtfully designed with well-ventilated homes as well as healthy and greener surroundings. Incor One City is located in proximity to Sujana Forum Mall, Top Educational Institutions, and Corporate Hospitals along with a nearby metro station. The price of the unit starts from Rs 75 lakhs.
Cybercity Marina Skies, Moosapet
Designed by Hafeez Contractor, Cybercity Marina Skies is a beautiful 31 storey tall residential building offering luxurious and spacious 2 and 3 BHK apartments with hi-end and opulent amenities. The project is surrounded by sprawling greens and the units give breathtaking views of the lakes surrounded nearby. Marina Skies is located in proximity to Hitech City with other infrastructures like Banks, restaurants, metro, hospital, and mall. The starting price of the units is Rs 70 lakhs.
Hallmark Vicinia, Outer Ring Road
Another premium upcoming housing project in Hyderabad, Hallmark Vicinia offers 2, 2.5 and 3BHK apartments ranging from 1155 sqft. to 2205 sqft. Spread across 4.5 acres of area, Vicinia is strategically located off Radial Road No. 5 that connects the Outer Ring Road with Jubilee Hills. The project is surrounded by all the modern and important amenities that give its residents an exquisite lifestyle. The project is also located close to IT companies leading educational institutions, hospital and entertainment centers. Moreover, it is just 20 minutes from the international airport.

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Bangalore Metro Corporation Decides To Link Airport Line To K R Puram

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With the aim of improving connectivity between Airport and K R Puram, a prime locality of Bengaluru, the Bangalore Metro Rail Corporation has planned to link, Airport line with the Blue line metro station at K R Puram. The extension has been planned under phase 2 B of the metro project and the corporation has already invited geo-technical bids for the same.
Previously, the authority has planned to link Gottigere-Nagawara metro line with the Airport line, but because of the non-feasibility, the plan was cancelled. Officials mentioned that they are now finding other options like to link the metro line via Nagawara, KR Puram, Yelahanka, Hebbal and Kempegowda International Airport, which is more practicable than the previous one.
A senior official from BMRCL said, “The work on this stretch will consume time as the complete line will be underground, so the major time taker will be the tunneling work. Therefore, the authority is currently planning how to begin the work. The most appropriate is to start the development on K R Puram-Hebbal corridor first.”
The official further told that once the operation of this corridor will begin, daily travellers can easily commute from Baiyappanahalli to KR Puram, while the airport passengers can move further to the airport line.
“We have also invited bids for the geotechnical investigation on the Outer Ring Road (ORR) to K R Puram corridor via Silk Board,” Official mentioned.
However, officials revealed that the state government currently only wants to focus on Nagawara-Kogilu-Yelahanka-KIA stretch which is going to be a blessing for the commuters providing them multiple options to reach Airport.

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GHMC To Develop Over 15000 Flats In Hyderabad’s Kollur Housing Colony

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NHAI To Develop Foot Over Bridges And Underpasses Under Phase-2 Of The Delhi-Meerut Expressway

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In a bid to provide seamless connectivity and relief from traffic jams, the National Highway Authority of India (NHAI) has finalized construction of foot over bridges and underpasses under the phase of the Delhi-Meerut Expressway project. As per the NHAI officials, the plan is to develop three foot over bridges and also 15 pedestrian underpasses.
Detailing the above development, RP Singh, Project Director, NHAI said, “We have given the final approval to the construction of foot over bridges and underpasses so as to facilitate smoother vehicular and pedestrian movement.”
Amongst the three foot over bridges, the first one will be developed between Noida City Center metro station and Indirapuram. This will be 270 m long bridge that will end at CISF exit in Indirapuram.
The other two bridges have been decided to construct at Chijarsi and Columbia Asia hospital. Both will be 100 m long. “15 Pedestrian underpasses have got approval from the Authority. All these will be 6 m wide and 2.5 m tall.” Singh added.
Other than these two developments, the NHAI has also given its consent to construct 17 vehicular underpasses and also flyover under the second phase of the same project. The approximate cost of this phase of the project is 1989 crore. According to the officials, the work of the second stretch is divided into three parts. While the first stretch between UP Gate to Vijay Nagar is likely to open soon, the work on other two stretches Vijay Nagar-Lal Kuan and Lal Kuan -Dasna is also speeding up and may open for public in another few months.
An aspiring project of the central and state Govt, the 96 km long Delhi-Meerut expressway will cut the traveling time between the National Capital and Meerut from 2.5 hours to just 45 minutes.

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Lodha, Godrej, Unimark Plans Co-Living Startup Investment In Housr

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The major realtors have recently made an investment in the Co-living startup, Housr. However, the amount of investment is yet to be revealed and the co-living start up is also waiting to be launched.
The real estate experts evaluate this co-living space at value of $30 million.
The three investors include Abhishek Lodha, CEO of the Lodha Group; Pirojsha Godrej, executive chairman of the Godrej Group and Harsh Patodia, chairman of the Unimark Group and all the three expect the initiation of this co-living space in the coming two months.
The Housr has already occupied more than 10,000 beds in multiple cities like Delhi NCR, Mumbai and Kota. The firm is planning business development in India in the coming 12-18 months by making its presence felt in the cities Chandigarh, Pune, Bengaluru and Hyderabad with more than 50,000 beds.
Deepak Anand, founder, Housr said that we plan to launch nearly 5 properties in the next four months. In phase 1, all these properties should have 3,500 beds functioning.
Hosur, a Gurugram-based firm aims to be the largest co-living company in the upcoming 12-18 months, and therefore plan to launch more than 20 properties in almost 10 major cities.
Abhishek Lodha said that Housr has all the skills required to make its presence felt. Thus, I look forward to support Housr to transform the co-living industry in India.
Kalpesh Mehta, co-founder, Housr said that future of living is the modern and shared accommodation driving by a thriving shared economy that paired with a largely young demographic. He also mentioned that the Collaborative consumption has become a worldwide trend, and India is no exception.

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Properties In Bhugaon Evolves As Favourable Investment Destinations In Pune

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Situated in the Western Suburbs of the Pune city, Bhugaon is one of the most key residential investment destinations amongst home buyers these days. The area is bound by other posh localities like Baner, Pirangut, Aundh, Balewadi, and Karve Nagar. Due to its proximity to commercial centers of the Pune, the area is known for investment when it comes to buy a residential unit. This is why; the area has seen a rise of 5% Q-o-Q in the property prices.
Bhugaon is situated alongside the Mulshi road and also offers smooth connectivity to Mumbai and neighbouring regions via Dehu Road- Katraj Bypass and Mumbai-Pune Expressway. The locality also enjoys closeness to the IT hub and social hub of the city Hinjewadi and Baner which is only 17 and 13 km away respectively.
Bhugaon houses several leading educational institutions, Healthcare organizations, Banks, ATMs, malls and entertainment zones. Some of them are Ozone Mall, Pavillion Mall, Unique Multispeciality hospital, Varad Hospital,Orchid and Sayaji hotel, etc.
In latest years, because of the availability of large land tracts, many developers and realtors have attracted this site to develop high-rise apartments and township projects.
As per a real estate expert, “At present, there are many ready-to-move-in residential units available in Bhugaon at an affordable price. This has called upon many end-users as well as investors to own a property in this locality at much pocket-friendly rates as compared to other posh and prime nearby localities.”
At present, the average property price in Bhugaon is Rs 5,654 /Sq-ft. However, it floats between Rs 4,534-6,773 per sqft. If you are searching for a 1 BHK unit, it will be easily available to you in a price tag of 35 lakh. While, a 2 BHK and a 3 BHK can be purchased within the range of 50-55 Lakh and 75 lakh -1 crore respectively.

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Properties At Pokhran Road Appears As Favorable Realty Destination In Thane

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In latest years, Pokhran road has come out as one of the most favourable real estate investment destination amongst homebuyers in Thane. Situated in the western part of Thane, Pokhran road is categorized into two parts, Pokhran Road 1 and Road 2. Both of the regions consists of resale as well as newly-constructed properties.
As per a latest report by a real estate research firm, because of the state-of-the-art infrastructural developments and well-flourished connectivity, this region has evolved as a popular investment destination amongst end users who are interested to purchase either resale or newly-constructed property.
Pokhran Road enjoys smooth connectivity to other neighbouring areas via rail and road network. Arterial roads like Jogeshwari-Vikhroli Link Road (JVLR), Ghodbunder Road, Santacruz-Chembur Link Road (SCLR), Eastern Freeway, NH-8, Mumbai-Nashik Highway and Thane-Belapur Road links this region to other MMR areas. Other than this, Mumbai suburban railways also offer an easy commute to working professionals and other workers.
The locality houses prosperous social and civic infrastructures like hospitals, educational institutions, schools, banks, ATMs and malls. Kelkar Hospital, Jupiter Hospital, Singhania School, Korum Mall, Viviana Mall, and Hiranandani Foundation School are some of the important and well known destinations present in this region.
Currently, the average property price in Pokhran Road 1 and 2 is Rs 12,224/ sq ft and 12,966 / sqft respectively. Furthermore, due to its connectivity and prosperous surroundings, a one BHK with all the major amenities will cost between 60-85 lakh to the home buyers. A 2 BHK can be booked at a price tag of a crore. With the availability to a huge number of land tracts, many renowned builders are coming into the real estate market of Pokhran road launching new residential projects with premium amenities. Some of the well-known developers present in this region are Wadhwa group, Raymond,Cosmos, Shapoorji Pallonji, Punit group, etc.
The report also said that with more planned and proposed developments, the area is expected to see more price valuing just like it did in the last one year. Additionally, natural landscapes and calm surroundings also calling upon home buyers and investors to set up their dream home here.

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Construction Of Technopark-Kazhakuttam Road Flyover In Kerala To Commence Soon: Authorities

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In order to decongest the entry of Technopark in Kerala, the civic authorities will probably soon to begin the construction of Technopark-Kazhakuttam road flyover. The 2.7 km long four-lane highway will offer hassle-free connectivity to the daily commuters who waste their most of the time in snarling traffic jams.

Previously, the length of the flyover was 1.4 km but later on, civic authorities has planned to increase the length by 2.7 km to end it at Kazhakuttam police station. In order to start the work, the National Highway Authority of India (NHAI) has started construction on the earlier decided area which is 1.4 km from Technopark.

The flyover will pass through NH-66 and NH-66 Bypass and will eventually reach to Karode at Kerala-Tamil Nadu Border.

Detailing the same, a senior official said, “Work on land acquisition is still underway. Notices for the same have already been issued. It will take around three more months to complete the whole land-acquisition process. So, to stop any kind on delay, the authority officials have decided to start the work in phases.”

Currently, Technopark houses almost 50,000 IT professionals of the city. It is home to many leading MNCs & famous IT companies like Allianz Cornhill Information Services, Oracle India, Infosys, EYME Technologies, Tata Consultancy Services, Tata Elxsi, Experion Technologies, etc.

Once functioning, this will become the longest flyover in the city. And, therefore will provide comfort to these IT professionals who cross Technopark-Kazhakuttam road daily to arrive to their offices on time.

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