Investment in properties
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Hi,
I have a query. Is it really worth investing in real estate? Does the Bangalore real estate market (housing) have a real demand and growth? Because, of late there have been lot of re-sale in decent projects by reputed builders by erstwhile owners. Is the real estate (housing) market in Bangalore showing signs of over heating?
This query becomes pertinent because of recent projects of 100 smart cities and more focus on cities like Vizag ..etc. Given the scenario what is the chance that the Bangalore real estate market will offer a decent return on investment (~15%)?
If anyone could shed light on this, that would be very interesting and helpful.
2 Answers
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Future(Atleast next 4 to 5 years) Looks positive for India. 100 Smart cities is great idea and lot of people will benefit from the same.A city like Bangalore will still reap the benefits of the growth and keeps its share in development.
Raw materials and land are growing more than 10% every year. I feel Realestate will continue to give appreciation until price per sqft on constructed portion is below Rs.5000 and Appreciation plateaus after 10,000/sqft.
Hope this helps.
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Due to smart cities announcement and AP division Vizag become very popular now a days especially after Modi visit and Smart City agreement with US and recent IIM inauguration in Vizag.
Ofcource Bangalore is metro city and gives good returns in real estate.But right now Vizag city is best to invest to get good appreciation with in one or two years.The most growth areas are from Madhurawada to Bhogapuram in Vizag.
One can invest in good vuda layouts,Gated Communities , Beach Facing Vuda Lay outs like Sandy Beach Resorts,Sunray,Kapuluppada Villa etc and good hirise apartments like Summit,MV builders etc.
Main and very good investment options in vizag near to beach as this will fetch very good income in up coming years as beach tourism and govt is going to develop beach corridor,Bhimili and filmcity hub as Annavaram Beach.If any body looking like gated community features(club house,swimming pool etc) like metro cities Bangalore,Chennai there are good projects in Vizag in areas kapuluppada villa projects and Resort type ventures like Sun Ray and recent project Sandy Beach Resorts in very good less price and in pre launch stage. Sandy beach resort is some what near to Thagarapuvalasa and Anandapuram.The upcoming International Airport at Bhogapuram and Film City development near Annavaram Beach lot of Schools and Engineering colleges near by.And IT SEZ’s and IT companies are spreading from Madhurawada to Bhogapuram these ventures,Hi Rise apartment, Gated Communities and Beach facing Vuda ventures are ever green projects and one cannot buy these in less prices after 6 to 8 months span.
