Exploring Andheri as A Residential Destination

Thinking of checking out 1 BHK flats for sale in Andheri East Mumbai? You should definitely go ahead as per opinions cited by experts and research reports. Andheri is one of the biggest and most prominent residential areas in Mumbai and is located in the western part of the city and is divided into east and west. The area is both a residential and commercial hub of the city and is home to approximately 1, 500, 000 people. The locality is famous for the innumerable movie studios dotting the area though many of them have now shifted towards the acclaimed Goregaon Film City. There are several famous iconic cooperative housing societies in the locality including the Sher-e-Punjab Housing Society. 

Searching for 1 BHK flats for sale in Andheri East Mumbai will be a good decision as the Andheri railway station is a major connectivity hotspot and falls on the western line of the suburban railway network in Mumbai. Additionally, the proposed metro railway network expansion will lead to the creation and completion of the Ghatkopar-Versova-Andheri corridor which is a pivotal component of the Master transportation plan of the government. The eastern part of Andheri is home to several commercial zones and hubs in addition to several residential areas while the western part is primarily home to residential zones. The eastern part is home to the iconic MIDC-SEEPZ or the Santacruz Electronic and Export Promotion Zone, Chandivali and Saki Naka.

The eastern part of the locality is also home the Chhatrapati Shivaji International Airport terminal and this has always driven substantial growth here. The airport has been revamped and has definitely boosted the real estate market in the locality. The area is home to several business process outsourcing companies and call centers in the Chandivali and Chakala localities. There are several famous colonies and housing societies in the locality. The Andheri railway network connects the locality to several places like Panvel, Churchgate, Dahanu and the Chhatrapati Shivaji terminus. The Mumbai metropolitan network has also boosted Andheri’s viability as a residential destination even further. There are several domestic and international flights being operated out of the airport.

Rental values in Andheri have always been very expensive owing to the prime capital values of the area and the huge prices of properties and land here. Average monthly rentals are quite high here though many people prefer to live here due to all the advantages and social infrastructures on offer. The locality is home to several reputed media and entertainment companies including the famous Yashraj Studios, Balaji Telefilms, NDTV, Sahara One and many others. Andheri is known as the entertainment and media hub of Mumbai and this makes it popular with several media professionals and businessmen in spite of the high property prices here. Living in Andheri East would be a good decision particularly if you prefer living in close proximity to the business belt and several corporate offices. However, you should definitely be prepared to shell out a little more for monthly rentals.

Increasing Capital Values in Gurgaon

Gurgaon has always been a developer’s paradise for its proximity to Delhi and of course, its transformation into the new age business hub of the future. Gurgaon has always been popular with professionals and businessmen who have snapped up several properties in the area and unsold inventory has never been an issue that builders have had to deal with in the city. However, it is a matter of concern that capital and rental values are steadily rising in Gurgaon and this may impact future demand and lead to a situation where supply is excessive. Looking for a 1 BHK flat for sale in Gurgaon Sector 56 or other well connected areas? You should be prepared to shell out more than expected for the same! 

This is majorly because of the rise in capital values in Gurgaon’s residential segment to the tune of a whopping 30-35% over the last year. Buying that 1 BHK flat for sale in Gurgaon Sector 56 may seem a luxury to many prospective buyers in recent times. Owing to these increases in capital values, developers are taking it a little slow in terms of launching newer realty projects and this has led to a steady fall in overall supply in prime areas in Gurgaon. Emerging residential areas where prices are still cheap and affordable are not sufficient with regard to meeting growing housing demands in Gurgaon. Capital values have increased due to various reasons including the huge delays in construction that plagued several projects from the year 2009 onwards. The supply of properties that were launched in 2009 got delayed and were finally executed and handed over in 2012, leading to a steady rise in capital values. This set the ball rolling for further increases over the years.

Additionally, corporate have started lateral hiring operations on a big scale with an improvement in the global business economy and climate. This has led to several business and employment opportunities in Gurgaon and has led to growing disposable income. Investor sentiments have improved greatly in Gurgaon over the last few years and this has led to burgeoning capital values on the back of steadily growing housing demand. There are several areas which have witnessed this rise in capital values. Prices have greatly improved on the southern peripheral road which is directly connected to the National Highway 8. This belt has witnessed huge appreciation in recent times and holds huge scope for further investments due to better linkage to Dwarka and Manesar through the NH-8. Prices are also going up rapidly in fast developing areas like Golf Course Extension, Sector 78 and Sector 70 among others.

However, appreciation in capital values should not be as damaging to the Gurgaon realty market as forecasted by some experts and developers. Property supply will explode to unmatched levels in the Gurgaon market over the next few years. Office spaces will be snapped up as always by leading corporate and more companies will be investing in setting up establishments in the city, leading to greater demand for housing in turn.

Hyderabad's Rental Market Thrives in Premium Areas

Finding flats for rent in Hyderabad may be a tough task if you are hell bent on living in a premium area in the city. There are several localities that have been offering high rental yields and returns to investors in Hyderabad and not surprisingly, these are some of its most premium neighborhoods such as Banjara Hills, Jubilee Hills and Nandagiri Hills. Furnished rental accommodation is available in these localities though at extremely steep prices. Home owners and investors have been rejoicing at the high returns that their properties in these posh localities have been generating on a consistent basis with ample scope for future growth. As per statistics and research reports, these premium localities have been offering almost 3% yields which is quite high in comparison to several other micro markets. Values have increased steadily over the years and this presents a good investment avenue. 

Even though prospective tenants may be a little terrified at the thought of rental yields going up, the fact remains that flats for rent in Hyderabad arestill cheaper in comparison to other metros. Even rentals in Jubilee Hills, Nandagiri Hills and Banjara Hills will be cheaper in comparison to premium areas in other metros like Bandra and Juhu in Mumbai, Greater Kailash and Janakpuri in Delhi and Alipore and Ballygunge in Kolkata. The rental market in Banjara Hills usually witnesses interest from parties willing to share apartments. Professionals and students usually choose accommodation options which are shared with multiple others and they usually have to fork out anywhere between INR 5, 000-8, 000 per month. Furnishings usually translate into higher costs going up to around INR 12, 000 per individual. 

Banjara Hills usually witnesses rental rates between INR 7, 000-25, 000 per month in case of 1 and 2 BHK units while 3 BHK units usually come for anything between INR 17, 000-1, 45, 000 depending on the specific unit and its characteristics. Average sizes of premium rentals go up to even 3, 600 sq ft in some cases. Banjara Hills is home to several film studios and the traditional wealthy and elite of Hyderabad. There are several kinds of properties available here on rent and these have always given good yields to their owners as HITEC City is located only 8 kilometres away from the locality and hence the interest from professionals. The airport is also 6 kilometres away from the locality courtesy the Inner Ring Road. 

Coming to Jubilee Hills, rentals for 1 BHK units of 700 sq ft usually start from INR 6, 000 on a monthly basis and this may go up to around INR 25, 000 in some cases where sizes stand at around 1400 sq ft or so. 3 BHK units are usually available for anything between INR 16, 000 and 1, 25, 000 per month depending on the exact location, amenities and other factors. IT professionals have driven the rental market in Jubilee Hills which is also home to several shopping malls and food joints. Nandagiri Hills witnesses rental values of INR 55, 000 to 2, 50, 000 for 3 BHK units which are commonly houses, apartments or builder floors. This locality is well linked to several areas in Hyderabad and is home to supermarkets, hospitals and markets.