Friday 24 March 2017

A Reason for NRI’s to Buy Property in Bangalore




NRI’s often invest in Buy property in Bangalore not only to remain connected to their motherland but also because renting out such a property earns them additional income. Non-Resident Indian’s are among the most successful ethnic groups in the world, they are Indian yet they live and work in parts of the world where their talents and skills are better rewarded. The prowess of the Indian mind has never been in doubt and the presence of Indian’s at the helm of the largest technology companies only reinforces what many Indian already know i.e. when given a fair playing field, they will come out on top. 

Why to Not Own Property in Bangalore?
An NRI who wants to buy house in Bangalore may know someone trustworthy who could help him buy a house in the city, yet to earn rental income from the mentioned property may, in the minds of the buyer, requires a close watch on the property . This is one factor that deters NRI’s from buying property in Bangalore and properties across India since many NRI’s live thousands of miles away they do not have the time or resources to keep a vigil on their property. 

There are additional disadvantages for NRI’s to buy properties in India. Not only do they spend money to purchase a flat that will remain unoccupied for a vast majority of the time, the owners would also have to pay tax on the property in Bangalore. Hence from the mindset of the NRI’s, though the act of buying a property in Bangalore is driven by sentiment, it is an unprofitable decision. 

Help for NRI’s Buying Indian Realty
An NRI has recently started a venture that hopes to handhold others like him to not only buy property in India but to rent it out. Bangalore property is one among numerous others in India that will attract inflows of capital from abroad. The reason why many NRI’s have thus far been unsure of investing in Luxury apartments in Bangalore is simply because they do not know what the buying process from inception to completion would look like. There is also a trust deficit between NRI buyers and local sellers that deters many NRI’s from buying real estate, this trust deficit is further magnified in the case of NRI’s who have been living overseas for years and decades and do not know anyone trustworthy in India who could help them close a real estate deal. 

Conclusion
The company launched by the London-based NRI that promises to help NRI’s through the buying process from end to end could attract numerous NRI’s who had been reluctant to buy property from Top builders in Bangalore. Additionally, the plan by the Non-Resident Indian to take care of renting out such apartments in Bangalore after charging a fee also appears to be a winning proposition. 
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Tuesday 14 March 2017

Commercial Space Driving Demand for Property in Hyderabad


http://www.propchill.com/projectlist/real-estate-property-in-hyderabad


Property in Hyderabad commands lower rentals than does property in most other cities. This combined with a favorable business environment and an availability of office spaces is attracting large commercial brands and outside developers to Hyderabad. The large influx of global brands will not only lead to greater commercial success in Hyderabad but also will lead to greater demand for new projects in Hyderabad


Crunching the Numbers

While Hyderabad is a relatively small city when compared to larger metros such as Mumbai and Kolkata, it recorded a demand for office space last year that was more than three times that of Mumbai and four times that of Kolkata. Luxury property in Hyderabad will also benefit, as there will be greater demand for houses from workers who will be employed at the newly leased commercial spaces. Three factors have been in favor of Hyderabad including a favorable business environment, the availability of high quality office space, and competitive leasing rates.


What the Future Holds

Commercial property in Hyderabad benefited from a thirty seven percent hike in leasing activity last year as compared to the year before last. This expansion in demand for commercial property in Hyderabad is expected to continue this year as well, as new companies, particularly in the technology and pharmaceutical sector, enter Hyderabad. IT and ITeS companies leased 85 percent of the office space in Hyderabad last year and this trend is expected to continue into this year as well. In the future, apartments in Hyderabad along the IT belt will benefit greatly from their proximity to attractive office space. 


The Impact on Residential Markets



As commercial development in Hyderabad improves further, it will brighten the sentiments of residential projects in Hyderabad. Regions of Hyderabad that are close to commercial developments are likely to be the biggest beneficiaries from the absorption of large tracts of office space in Hyderabad. Residential markets such as Gachibowli, Kondapur, Chandanagar, Kukatpully Madhapur, and Hi-Tech city are expected to benefit greatly from the rising commercial space absorption in Hyderabad. The demand for real estate in Hyderabad at the localities mentioned is expected to grow substantially over the next few years and valuations are expected to grow beyond the 3,000 to 4,000 rupees per square foot mark.




Post By : Shrikant Sain
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Contact number: 7827456456