Feng Shui tips for making a new home

Feng Shui means ‘wind-water’ in Chinese is related to good health and destiny. Feng Shui is all about ‘qi’ or flow of energy through space arrangement and orientation. Many people nowadays first consider feng shui and vastu factors while choosing, buying and moving to a new house. Feng shui tips for land-form when choosing a new home Feng shui advocates for square or rectangular land for a house by avoiding irregular shapes. A good vegetation around the land is a good sign. A house having a slightly raised land behind it or a little higher than the land in front of the house is good. One should avoid a house with sloping land behind it or a land that is on a lower level than the front of the house. There should be open space in the front but more so at backyard....

Rental prices in urapakkam rises by 25% at chennai

Situated in South Chennai, Urapakkam is getting high rental values. The locality has seen a rise of 25 per cent in rental values in the Apr-Jun 2013 quarter. Connectivity and development of IT parks in and around the vicinity has turned in its favour. Urapakkam relates to the Kanchipuram District and lies between Vandalur and Guduvancheri. Corridors like Vandalur-Kelambakkam Road, Oragadam-Sriperumbudur Road, and the Outer Ring Road (Vandalur to Minjur) are also in close proximity. Tamabaram is also about 8-km away. Due to its proximity to these roads and areas, the IT Parks and companies such as Shriram Gateway SEZ, L&T Estancia SEZ (Maveric Systems, Photon Infotech) and Mahindra World City (Infosys, Wipro, Capgemini, MindTree, Tech Mahindra, BMW, Renault...

Goregaon West Witnesses rise in demand for 2 and 3 BHK

Earlier considered as a suburb of Mumbai, Goregaon West was reasonable and affordable for mid-segment buyers until a while ago. But these days, quoting high property prices, the locality can only fit the pockets of the elite class in the city. The buyers are increasingly asking for 2 and 3BHK units. 40 per cent of homebuyers in Goregaon West demanded 2BHK units in the Mar-May 2013 period. A marginal rise of two per cent was recorded when compared to the Dec 2012-Feb 2013 period which stands at 38 per cent. Though the second most demanded configuration for property in Goregaon West was 1BHK during the Mar-May 2013 period, its desire has now been replaced with 3BHK units. While 1BHK units recorded a drop of five per cent in its demand, 3BHK units witnessed a hike...

A High Rise in demand in residential and commercial properties in Bangalore

The demand for commercial property in Koramangala is high despite the sluggish demand for real estate in Bangalore and other major metros. Many residential buildings are being replaced with commercial towers with small offices, businesses and restaurants. From Retail to Restaurants, this place is on a commercial high. Statistics reveal that the price rise is between 10 to 15 percent the last year and the trend is expected this year too. The average price for a commercial property is approximately ₹ 12000 to 14000 per sq.ft. The advantage of being located close to ORR and CBD is luring crowds. Bangalore witnessed approximately 1.6 million sq.ft of grade A office supply in the last quarter of 2012. The supply was primarily focussed on peripheral locations of outer...

Affordable residential properties booming in Ghaziabad Delhi NCR

Sky-rocketing property values in Delhi have led to a consumer perception of dearth in availability of homes in the affordable range. However, Ghaziabad, a suburb of the capital city, comes to the rescue for those looking for a property within Rs 20-50 lakh budget, with all modern facilities. Developers in the area are offering residential space with all facilities and amenities. The options are endless. Raj Nagar Extension, growing adjacent to NH-58, Ghaziabad, currently has more than a dozen new residential projects where a homebuyer can find property within Rs 40 lakh. Out of the total new launches in Ghaziabad, approximately 55 per cent are in Raj Nagar Extension. Few major developers having their projects here include Ajanara Integrity, Gaursons Ltd, SVP...

Ahmedabad emerging as the other metropolitan cities

Gujarat is among the most progressive states in India for the past several years. Today, it occupies a leadership position in the country and is observed as a model state in terms of economic growth and development. Ahmedabad, as a capital city, is indeed the center of activity. The city is enjoying considerable attention from the services sector and a number of IT/ITeS, banking, finance and insurance companies are establishing their offices here. The growth in the services sector is further complemented by industrial development. Therefore, we can say that unlike other cities, which grow mainly on the back of the services sector, Ahmedabad has a combination of both services and manufacturing sectors. The Gujarat International Finance Tec-City (GIFT), a project...

Mundhwa and Keshav Nagar hottest property destination in Pune

The Mundhwa-Keshav Nagar stretch is among the many areas in east Pune, which has caught the attention of Pune real estate developers. This less-than-a-kilometre stretch is a fast-developing location, as it offers a convenient drive to the city’s central business district, Camp and the Pune railway station. Easy accessibility has led to the coming up of new projects at different stages of construction and completion. In terms of residential property value, Keshav Nagar in Pune’s Mundhwa area, benefits due to its advantageous proximity to Koregaon Park. It is one of those locations in the city where purchasing a budget home in a strategic location is still possible. The property rates on the stretch are comparatively more affordable than Kharadi, Hadapsar and...

Sector 76 Noida attracts a lot of home buyers

In the last four to five months residential values in Sector 76, Noida have shown an upward graph.The capital values in the locality have moved up from approximately Rs 4,700-4,900 per sq ft in the Oct-Dec 2012 to Rs 5,900 per sq ft in the Jan-Mar 2013. Several factors have led to this surge in property prices. For instance, the announcement of the Metro from City Centre to Sector 78 initiated the price hike as Sector 76 is just half a kilometre away. Further, several projects are nearing possession. This has also pushed prices in the locality. “A large number of home buyers looking for ready-to-move-in properties are opting for this sector as multiple projects are nearing possession within the next 6-8 months. Some of the developers offering possession in this...

Kellambakam is now Chennai’s hottest investment destination

Located along the Old Mahabalipuram Road OMR, Kelambakkam, a suburb in South Chennai, has slowly established itself in the residential real estate sector of the city. The area is seeing high real estate activity and the demand for residential space is also on the rise. Here are some reasons why the locality is in demand and why investment in the area turns profitable: Proximity to IT parks – The IT and software companies in and around the locality feeds the residential real estate market of Kelambakkam. SIPCOT IT Park, one of the largest in Asia, located along the OMR, is just 3-km from Kelambakkam. “The locality is developing into a residential location owing to the increasing demand for housing from the large IT population along the OMR stretch....

Drop in prices give a boost to Bangalore residential market

The new government with a clear majority and interest rates dropping seem to have given a boost to the Bangalore residential market. In the last couple of weeks the market has witnessed a surge in bookings, especially in the mid-segment market. What is interesting is that this surge is being driven by mid-level businessmen. In May alone bookings have been done for about 22 residential apartments in the Rs 60-80 lakh segment. And about 60 per cent of this has been bought by businessmen. About a couple of months back however, though this segment showed interest, they were putting off the buy state. Drop in interest rate and the hope of several pending contracts being approved with the establishment of the new government. Given that property prices here have been...

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