Property market is shaking all over India but the real estate
market of Chandigarh is still offering a lot of opportunities to its buyers and
investors by way of different residential and commercial realty projects.
Besides that, the government of Chandigarh decided to bring down the stamp duty
charges with a view to promote more investments and property transactions in the
property segment.
The country's first planned city, Chandigarh is fast
blooming in the property sector in India. The most significant factor in
propelling Chandigarh real estate market is the NRI investment, which keeps
pouring in the city. There are a large number of well off Punjabi NRIs who are
putting in huge funds into Chandigarh property market.
Chandigarh has always been a favorite
destination of Non-Resident Indian (NRI) buyers. Keeping this thing in mind, the
real estate developers in Chandigarh have modified their projects
accordingly.
Keeping this in mind, all the major real estate builders
from all over India are coming up with a plethora of premium residential
projects in the city,
cheap
foamposites. The near about areas of the city have also gained
popularity among the investors as well as realtor segments. Besides the many
commercial projects coming up in Chandigarh, the residential real estate of the
city is also booming. As against the city??s ongoing industrial revival, the
residential real estate market of the city is growing more
swiftly.
Despite the fact that the city and the neighboring areas still
lack infrastructure and other basic amenities, buyers from different parts of
country are still investing in properties here. These buyers are making
investments foreseeing the lucrative returns these properties will
offer.
One of the biggest advantages of investing in Chandigarh??s real
estate is low prices as compared with the metros; the city still offers an
equivalent amount of rental returns, if the buyer is willing to rent out the
property. Realty rates in Chandigarh are lower than the metro cities. Here, an
average 2 BHK can be rented out for Rs 5,000-8,
coach outlet,000 per month.
Commercial Realty
Market of Chandigarh
Many IT companies think that Chandigarh is the
place-to-be-in. In fact, a lot of IT companies have opened their offices in the
city with a view to expand their horizons. These companies include big names
like IBM, Dell, Cognizant,
ugg classic
sparkles, Mphasis and Satyam.
Investment in Chandigarh??s
Realty Market
As the local economy of the city is growing at a
persistent pace, one can easily envisage the state of property in Chandigarh.
All the segments of real estate i.e. residential, retail, and commercial in
Chandigarh are witnessing positive notions. Dozens of property deals are closed
in the city every week.
Buyers?? point of view
Usually, it??s only the
investors who take advantage of the boom in Chandigarh properties. So, one can
say that Chandigarh real estate is mainly an investor driven market,
moncler, and this segment is far more active than the
end-user segment.
Factors contributing to its realty market
The
city??s decent connectivity, low operational costs, and sufficient availability
of land are, undoubtedly, some of the major contributing factors that make the
properties in Chandigarh an attractive investment instrument.
Upcoming
projects
The biggest and the most prominent real estate developers of
India like Ansals, DLF, and Unitech etc have projects in pipeline which are to
be developed in Chandigarh.
Sometime back, Delhi-based developer,
Parsvnath bought 38% stake in Mr. Sabeer Bhatia''s Nano City Project. Nano City
is a commercial and residential project in Chandigarh that is expected to be
complete by 2010. According to market resources, Mr. Bhatia is already scouting
IT clients to open offices in his Nano City. This development is aimed at
bringing more employment in the city, and thus many more property users and home
seekers to Chandigarh.
But right now, one should just wait and watch. It
is anticipated that property market will rebound in some months. This may be a
breather for those investors who have put their money in the real estate market
of Chandigarh.
Chandigarh attracts NRI buyers:
Chandigarh has always
been a hot favourite of Non-Resident Indian (NRI) buyers as a a huge number of
the city residents immigrate to countries abroad like Canada, New Zealand and
Australia. Keeping this thing in mind, the taste and purchasing power of this
segment, the real estate developers in Chandigarh have molded their projects in
accordingly.
Phuket is experiencing an influx of long-staying
visitors and expats. That is hardly surprising, when this tropical island can
offer more than just sun, sand and sea. To deal with rising numbers of visitors,
Phuket has undergone a total transformation from a mining village to a premier
resort island destination. Public roads are constantly upgraded and its
electrical capabilities are strengthened,
louboutin. A myriad of facilities have been built
including wellness and spa retreats, exceptional local and international
cuisines, award winning golf courses, first-class healthcare and medical
facilities, designer shopping, nightlife and activities can be found to
accommodate its year-round visitors.
Chances are those who return year
after year already will already have an accommodation of some sort to stay
instead of relying on guesthouses and hotels. There are all kinds of properties
available for foreigners to buy and own. Whether you are able to afford the
sweeping views of the Andaman Sea in your own bedroom, or a compact apartment
for simple living, the choices are endless when it comes to property for sale in
Phuket. However, the most straight-forward type of property a foreigner in
Thailand can buy and own is a condominium.
Condominiums are a rising trend in
Phuket,
louboutin pas
cher, and due to height restrictions imposed by the authorities,
you will not find high rise condos. Instead, many have features that incorporate
the environment into the design, so as to blend in with the surroundings and
help retain the island's natural beauty. Condos are a great investment for those
seeking an alternate option to a vacation villa, as they are easier to buy and
do not cost an arm and a leg. Many are equipped with excellent lifestyle
facilities such as a swimming pool, gym, high speed internet connection, cable
TV, parking and security. What you can get is sometimes better than being at
home!
Access control are more often than not available, as well as
on-site security guards and other people such as technicians, a site manager and
gardeners and so there is always someone around to keep an eye on the property.
The condo management will cover maintenance such as gardening, maid services,
guest liaisons, facilities maintenance and other general upkeep. Maintenance
fees are usually shared which makes it all the more financially viable for
someone who does not live on the island all year round.
The best thing
about buying a condominium in Phuket is that you can always rent it out to other
holiday makers when you are not here, earning some returns along the way. Rather
than paying for hotel rooms each time you visit, it works out to be a lot
cheaper to rent an apartment or condominium, especially if you are here with a
group of people and planning to stay for an extended period of time,
nike shox. This fact, however, is not privy to those
who are returning for another stay. Fully furnished and serviced condominiums
and properties across the island which can provide a high level of convenience,
comfort and luxury are now eagerly sought after by returning visitors.
The southern areas of Rawai, Chalong and Nai Harn are a residential area
that provides access to local markets, small grocery shops and other convenient
facilities. The same can be said of the northern residential area of Cherng
Talay and Bang Tao beach. For investment purposes you should opt for one with a
panoramic sea view or mountain view, ideally located in prime locations
saturated with holidaymakers such as in the Kata, Karon and Patong municipality.
Phuket currently has a large quantity of projects being developed by
leading property developers, and condominiums for sale in Phuket are one of the
fastest growing property markets in the region. Anyone wanting to invest can be
sure that this trend is going to continue to rise. Holiday rentals, particularly
for condos and serviced apartments, are increasingly in demand,
coach outlet. With so much to offer it is not
surprising to see why many people want to stay in Phuket at any time of the
year. However, the increase in property prices mean many now have to buy villa
at exorbitant prices, pricing out those with average capital to spare.
Condominiums thus provide a more cost effective avenue for those who want to own
a piece of paradise.
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