Post General Election Real Estate Prices May Increase
A latest survey has revealed that property prices possibly will increase after six months with the formation of new government. According to the prediction of Housing Sentiment Index (HSI) the home buyers across 8 of 10 cities whose opinion was asked for said that they expect rise in property prices in the next six months. The survey was conducted in major cities of the country that include Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore, and Chennai.
With Tier II cities developing in a fast pace, the Indian real estate market tends to remain fascinated in mid-segment. Noida witnessed healthy demand and supply due to the reasonably priced properties in the urban areas and development of infrastructure. Nonetheless, the demand from the end-users and consumers is likely to increase after six months from the formation of new government. The survey revealed an HSI score of 108, which is positive while an HSI score of 100 suggests neutral or stagnant.
The survey revealed the HSI scores in other cities such as Mumbai with housing sentiment index of 106, which is a positive sign and localities like Navi Mumbai and Thane is included in this score. The drive for this is attributed to the infrastructure developments like Trans-Harbor Link and the planned international airport in Navi Mumbai. Bangalore City topped the list with a housing sentiment index score of 140 that shows a further 15 per cent surge in HIS when compared to the previous quarter. According to the survey, robust demand from the IT industry and fairly affordable prices make this city as a favored destination.
Another major city of the country, Hyderabad saw an HSI score of 97 and about 4 per cent drop from the previous quarter. This quarter, the average sitting on fence time has dropped to eight months slightly, the range-bound market witnessed increase cross cities and segments show that people a waiting for six months from the formation of new government to make any decisions on real estate market. Some veterans also said that transparency in the market will be enhanced with the new government coming into rule.
Read more real estate related articles and updates from Sovereign Developers blogs.
Flats in Tumkur Road – Sovereign Developers
Sovereign Developers and Infrastructure Limited is a premiere property developer in Bangalore. Principal aim of the company is to provide luxury flats at very reasonable prices to the customers. They have luxury residential project at off Tumkur Road called Sovereign Sonaa. It has plan to raise 12 high rise towers with more than 850 Flats. The construction work has been already started and going in full swing. The builder takes every strategies to complete the work very soon. They also have highly talented and dedicated team to provide excellent customer service.
Real Estate Market Showing Indications for Rise in Home Prices
The country’s most influential residential housing price index The Residex has released a report, which shows that in recent months the real estate prices have increased in 16 cities out of 26 and also indicates budding price rise.
The report showed that the rise in property prices started to rise from the quarter ended December 2013, whereas in Mumbai for the first quarter since March 2013, drop in property prices stopped.
The National Housing Bank (NHB) along with the procedural support of RBI releases every quarter an index called ‘The Residex’. According to the recent index released by NHB shows a sudden spiky change in the price trend this year when compared with the earlier.
The report shows that in the first quarter of Financial Year 2014, the residential real estate prices dropped in 22 cities out of the 26 listed cities, a performance in the following quarter that will grow to 10 cities and lastly to eight in the third quarter.
In the third quarter, prices were steady in two cities and in second quarter prices were steady in four cities and increased in 12 cities.
The most recent Residex data shows since the earlier quarter of financial year 2013, prices in Bangalore and Pune have increased. The largest increase was in Nagpur by 8 per cent against the earlier quarter, followed by Guwahati with a rise by 7.4 per cent, and Pune saw an increase by 7.3 per cent over the earlier year.
While in Delhi, the residential prices increased by 3.2 per cent against the second quarter, whereas in Chennai and Bangalore saw an increase by 3.8 per cent and 3.7 per cent correspondingly. Patna witnessed a noteworthy rise in prices by 6 per cent.
Major cities in the country that witnessed continuous drop in prices include Lucknow, which saw a drop in prices by 3.1 per cent from Q2, Jaipur by 2.8 per cent, Chandigarh by 2.1 per cent, and Kolkata saw drop in prices by 1.5 per cent.
The index shows that the trend is momentous as home prices are increasing though interest rates have not dropped. Governor Raghuram Rajan raised standard interest rates by 25 basis points to 8 per cent in the third quarter monetary policy that was released in January.
The National Housing Bank (NHB), which also acts as a quasi-regulator for the real estate sector and R V Verma the Chairman of NHB, said there were clear indications of a change in the trend of relentless fall. He also added that there is a strong demand from end-users and it looks like they have decided to get involved actively in the sector.
Visit Sovereign Developers and Infrastructure Limited official blogs to read latest updates on real estate business.
Sovereign Developers Reviews and Feedback for Potential Home Buyers
Internet is a powerful media to spread news within short period of time. With the advantages of internet which is very affordable for every users has also brought dangerous to the society. People can easily spread rumors about the particular organization or person without sufficient proof. The consequences of these illegal activities are affected by common people. For example Sovereign Developers & Infrastructure Limited and potential home buyers those who are interested to invest with company are facing critical situation due to some rumors. The communication gap between customers and builder is increasing day by day. To overcome this problem it is required mutual understanding and matured thoughts among the both parties (Company and Customers). For more details go through Sovereign Developers Reviews pages.
Proximities of Sovereign Unnathi Residential Apartment
Sovereign Unnathi Residential Apartment Project is located at off Horamavu-Kalkere road in North Bangalore. The builder has aimed to give all the privileges and facilities to the customers those who have booked the flats from this project. It is located at such location in Bangalore that the basic facilities like education institution (Schools, Colleges), Health Care institutions, banks, railway station, air port and technology parks are available within few distances. For example, Krishna Raj Puram railway station is just 4.5 KM away from the project location. Kirloskar Business Park and Manayata Tech Park are available within 10 km and 6.5 Km respectively. Also Columbia Asia Hospital is 10 km. For more details regarding the company and their properties go through the official websites.
Overview on Sovereign Lakeview Construction Status
Sovereign Lakeview luxury residential project was launched few days back. The construction work of the project also started and going on smoothly. The project is well planned to build 10 high rise towers with 28 storied each and also provided world class amenities like Indoor games room, swimming pool with toddler’s pool, cricket ground, basketball court, well-equipped gymnasium, Laundromat /dry cleaning, children’s play area and more. It is availability of 2BHK and 3BHKs in the project. The price structures of the flats are really affordable and even middle class Indian family can buy easily. For more details go through the official websites of the company and Slideshare Presentation given below.
Video on Sovereign Sonaa – SDIL Bangalore
This is the YouTube Video for Sovereign Sonaa construction status. It is a luxury apartment project located at Off Tumkur Road, Bangalore. The master plan of the apartment is designed according to the modern architectural standard and with 100% vastu in every flat. Sovereign Developers and Infrastructure Limited is the proprietary of this property. It is under construction and targeted to complete the work before promised period given to the customers. For more details regarding business, project details etc. go through video and official website of the company.
Bangalore the Favorite Hub to Buy House
According to a recent survey report of Associated Chambers of Commerce and Industry of India (ASSOCHAM), Bangalore City owning to its connectivity, infrastructure and basic services is the most favored hub to buy house in 2014.
A majority of people who took part in the survey, almost roughly 49 per cent of the urban working class people remain ardent to save their money in buying residential properties than commercial properties; as commercial properties require huge investments.
The survey data also included other cities that followed Bangalore such as Mumbai, Delhi, Kolkata, entire National Capital Region (NCR), and Hyderabad. Mumbai, which followed Bangalore has retained its sheen and has acquired a special place in hearts of most of the Indian home buyers, who like the city due to its assorted work force, job opportunity, diverse culture and charm.
11 per cent of respondents showed their interest in Mumbai and with 10 per cent of respondents voted for Delhi, which followed Mumbai. The survey also added that Delhi has also observed a robust growth in the infrastructural development in the form of new international airport and expansion of metro services to the NCR region.
The survey report also showed the figure of other cities where 9 per cent of people voted their interests in buying home in Kolkata, 8 per cent in NCR, and 6 per cent in Hyderabad, which are considered as the major real estate investment hubs in 2014.
Apart from the top major five cities, around 4 per cent of the respondents also have shown their interest for Dehradun, 3 per cent in Ahmedabad City.
The survey report also said that about 65 per cent of home buyers in the country self-utilization.
For more articles on real estate business India go through Sovereign Developers Reviews official blogs.
Save Planet with Green House
With the increasing global warming in the world around, a big change is what we need right now.
The journey of a thousand miles begins with one step. So, let us take an initiative to save our planet through small changes like reducing pollution, reusing, and recycling sources. This initiative can be started right from our house by making small changes like as mentioned below:
- Use energy-efficient utilization: With the developing technology many power consuming utilizations have been introduced in the market. A study has revealed that generally a home’s total energy bill accounts to 18 per cent and most consumed by refrigerator and suggests using energy-efficient models with Energy Star logo. The study also shows that one in 10 homes using energy-efficient appliances is equal to planting 1.7 million acres of trees.
- Temperature: Change in temperature will make lots of difference. Hence, it is recommended to go for energy effective ACs. One can also reduce the frequent use of AC by wearing light clothes in summer so that the cooling affects faster that cuts down the AC use.
- Stop wasting water: To save water our attitude must change first that diminishes the negligence about wasting water. Implementing small changes in our daily life like turning off the tap when not in use, using buckets to water plants and using adequate water for particular purpose will make a big difference.
- Don’t waste paper: As everyone knows that paper is made from trees, hence recycle of papers is recommended and which is now adopted by most of the companies. Recycling paper will save trees.
- Stop using plastic: Stopping usage of plastic bags is highly proposed and utilization of paper, cloth or jute bags is already prevalent in most of the places.
- Use less energy: Use Compact Fluorescent Lights (CFLs) that reduces almost 66% of energy than a standard bulb. Hence, green your lights.
- Go for cane flooring: Study suggests that bamboo flooring is the most environment-friendly product and can be replaced easily.
It’s never too late, so let us gear up and jump into action to save our planet by opting for a green house.
For more articles on real estate business go through Sovereign Developers Reviews official blogs.
On-Going Residential Projects of Sovereign Developers
Sovereign Developers and Infrastructure Limited is one of the famous builders in Bangalore. They are well known among the customers due to their caliber, passion and customer centric approach in the real estate business. The company has three major luxury residential projects across the city called Sovereign Unnathi, Sovereign Sonaa and Sovereign Lakeview. The construction work of all these three projects are already started. Sovereign Unnathi is going to be completed within few days and it will be handed over to the customers. Again, this project also won the award for “The Affordable Housing Project of the Year-2013”. For more details please go through the Slideshare Presentation and official websites of the company.
Unnathi reviews by Sovereign Developers 
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