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Local brokers say that key micro markets like Hennur Road, Jakkur, Yelahanka, and Hebbal are the most promising locations for real-estate investments.
The expressway will connect Dwarka in Delhi to Gurugram, provide alternate access to the IGI airport, India International Convention Centre and other key locations in Gurugram.
This is thanks to urban sprawl, saturation levels experienced by existing areas, new Metro connectivity, modern highways, and new real estate players who have come up with innovative offerings in these far-flung locations.
Real estate experts said availability of Properties under Rs 50 lakh is limited and available in areas located far from city centres or central business districts in the NCR.
From Rs 2,000 per square foot in 2001, the commercial rental values have appreciated to Rs 40,000 per sq ft. However, with the explosive commercial boom, locals say, the residential areas have been pushed afar.
While local brokers have started hiring field executives to look for available inventories in the city, others are arranging "house hunt packages" for prospective tenants.
Last financial year, the company leased 1.25 msf of Grade A office space and raked in revenue of Rs 654 crore from its office verticals, a 43 percent increase over the previous year.
It will remain focused on Bengaluru, Mumbai and Delhi NCR in India for residential real estate followed by Sri Lanka and the Maldives in international markets.
Both the current and future sentiment scores indicate that developers and investors are optimistic about the sector’s prospects.
Bengaluru, NCR, and Ahmedabad collectively accounted for 65 percent of the leases in the first six months of this year.
This star-studded coastline is where Bollywood stars, sporting legends, industrialists, investors, and top executives have all built a second home. If you wish to follow in their footsteps, do so after due diligence to avoid post-purchase pain.
Rentals and occupancy have increased by 25-30%. Developers are capitalising on this growing market by selling villas with a carpet area of 1,500 sq. ft to 4,500 sq. ft. in gated communities.
