How numbers, location impact your home’s worth

Budget, location, transportation and infrastructure are four important points that we usually consider while buying a property. Is that all? Not really. In India, a ‘good’ sign is given as much importance. Some seek the help of astrologers to track a promising month for property purchase. In realty transactions, the odd address or the placement of your home also matters.

Several instances shared by property owners and investors state their difficulties to sell properties which include the numbers 8 or 13.

“A 250 sq yd plot in the heart of G Block of Preet Vihar has been lying vacant for 10-15 years. Though it is at walking distance from the market, main road and metro. Why? The address of the property has the number 8,” says Anjana Rajput, a resident of Preet Vihar, Delhi. Living in property attached to such numbers brings bad luck and do not have many buyers.

While number 8 is known to be a number of strugglers in Indian numerology, number 13 is considered unlucky just because the same trend is followed globally. In the West, it’s not just the address or floor number that people avoid, they also tend to stay away from buying houses on the 13th day of the month.

Market researchers have discovered that houses with numbers such as 13 and 8 can be bought at a lesser value – approximately Rs 2-3 lakh lesser value than others.

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Mantri Developers Review- Bangalore Real Estate Growth Forecast

Bangalore is a haven for real estate market. Over the years, real estate industry in Bangalore has witnessed massive growth due to improved infrastructure, better civic facilities, better road developments and better rail networks among others. Due to better connectivity and infrastructure, realty development is able to expand its borders to areas out of city limits which have great potential of becoming future hot spots. The improving socio-economic condition has encouraged the populous mid-income earning families to invest on real estate sectors. As a result of FDI will see many international players entering the Indian real estate market and a surplus demand is anticipated in commercial and retail segments.

Here’s our snapshot of regions

East Bangalore: East Bangalore is becoming fairly popular among realty developers and potential home buyers due to better road connectivity which has as come a result of ORR linking to major IT corridors and other places of interests. Areas such as Whitefield, Marathahalli, Kundalahalli, K R Puram, Kasturi Nagar, ITPL and Mahadevpura are some of the favorite residential destinations.

West Bangalore: West Bangalore, covered by residential localities, is witnessing major developments
in the form of commercial and retail complexes and high-end residential projects.Some of the areas which have come to focus due to recent developments are Yeshwantpur, Malleswaram, Rajajinagar, Matthikere and Vijayanagar.

North Bangalore: North Bangalore has been a popular residential destination both for end-users and investors. Developmental activities in these areas have been phenomenal. The region provides easy connectivity to major areas in the city which is one of the main reasons driving the demand in areas like Hebbal, Yelahanka, Ramamurthy Nagar, RT Nagar, Banaswadi, Hormavu and Sahakar Nagar.

South Bangalore: South Bangalore is fast emerging to be a favorite region for real estate development. The entry of multi-national companies has boosted developmental activities in this region. Further, the development of NICE Road and Metro Rail connectivity to the region have increased the value for properties in localities like HSR Layout, Sarjapur Road, Electronic City, Bannerghatta Road, JP Nagar, BTM Layout, and Uttarahalli.

Our Pick: At Bangalore Nest, we still foresee East Bangalore with highest growth and ROI potential. There has been lot of noise around north Bangalore / Devanahalli but nothing has seen light till date.

East Bangalore benefits from the presence of major IT / ITes, Pharma, Banking and Apparel companies. Demographics and strong social infrastructure have boosted the demand for residential units.

The new peripheral ring road which will connect electronic city, Whitefield and Yelahanka will offer opportunities for further real estate expansion. Most builders are holding on to their land banks around Varthur for better realization.

On the affordability front, South Bangalore tops the list with plenty of affordable options.

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Mantri Developers Review- Godrej Township North Bangalore

Godrej Properties Ltd. (GPL), the real estate development arm of the Godrej Group, has entered into an LLP to develop a residential township project in North Bengaluru.

The project, spread across 100 acres, will offer a potential saleable area of approximately 0.87 million square meters (9.4 million sq. ft.) though its proximity to the new international airport may lead to a reduced consumption of FSI (Floor Space Index). This project is proposed to be developed as an integrated township with a mix of residential unit types as well as a school, convenience retail, and other amenities to ensure an integrated self-sufficient lifestyle for its residents.

The proposed site is strategically located between the Bangalore International Airport and Hebbal and has easy access to the city from the new signal free corridor created on NH7. The location is in close proximity to several IT parks and schools and is one of the fastest developing areas in the city. As with most GPL projects, this project will be developed as a profit sharing partnership.

Pirojsha Godrej, MD & CEO, Godrej Properties said, “We are happy to have entered into an agreement to develop a large new township in Bengaluru. This will be our third township project after our projects in Ahmedabad and Mumbai and we will seek to create an outstanding destination. We are currently developing several projects in Bengaluru, which has been India’s best performing real estate market and this new development will substantially strengthen our presence in this important city. This project fits well with our strategy of developing world class residential projects in key markets across the country.”

Abilash Reddy at Bangalore Nest – We think this is one of the major factors to balance real estate growth of Bangalore. Unlike other cities where Chennai real estate is highly focussed on South Chennai OMR and Hyderabad more towards hi-tech city, Bangalore has see more even growth in all corners of North, East and South.

Launch of Godrej Township is likely to bring down the hype of over-priced Hebbal as NH7 is well connected with signal free corridor. The launch of Hinduja and Godrej townships is a positive sign to balance pricing in North Bangalore. Projects in other regions may slow down on aggressive high pricing to avoid drop in sales volume.

The flip side, rate of appreciation would slow down in other areas of Bangalore as the focus shifts towards these townships.

North Bangalore would witness 3 mega townships in the coming years; Hinduja Township , Mantri Township near Manyata and the Godrej Township.

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Mantri Developers Review Bangalore – The Second Largest Real Estate Market

In 2013, Bangalore turned out to be the second largest real estate market with the launch of 1.23 Lakh new units, a figure tad less than the 1.25 Lakh units launched in the Mumbai Metropolitan Region (MMR). Despite a deluge of supply, inventory levels in Bangalore at 80,000 units are much lower compared to 1.1 Lakh in MMR, signifying an inherent demand. Unlike other national markets, prices in Bangalore are stable and affordable in the range of 4,300 per sq ft. All this is good news for investors and home buyers in Bangalore as they get ample affordable options to choose from.

The choice of location to buy a home in is driven by multiple factors but primary amongst them is a buyer’s current work location and budget constraints. The Bangalore real estate market is divided into four geographical markets

North Bangalore :

Key micro markets contributing to residential supply in North Bangalore are Hebbal, Hennur, Thanisandra Road, Jakkur, Sahkar Nagar, Kalyan Nagar, Sanjay Nagar, Yelahanka and Devanahalli. Average prices in these markets range from 4,300 per sq ft in Thanisandra to 7,400 per sq ft in Hebbal. There are currently two business parks in Hebbal, North Bangalore- Manyata Embassy Business Park and Kirloskar Business Park, with many more in the pipeline. Some of the key upcoming commercial centres in North Bangalore are Bhartiya City on Thanisandra Road,Karle Town Centre in Hebbal, Aerospace Park in Devanahalli, IT and Hardware Park in Devanahalli. Multiple infrastructure projects such as widening of Bellary roads, completion of an expressway and the extension of Namma Metro will give North Bangalore an added edge.

East Bangalore :

Key micro markets in East Bangalore include K R Puram, Marathahalli, Whitefield, Outer Ring Road stretch from Marathahalli to Sarjapur Main Road, Varthur- Sarjapur Link Road and Sarjapur Main Road. The Average prices in these micro markets are 3,840 per sq ft in K.R. Puram, 4,200 per sq ft in Whitefield, 5,200 per sq ft in Marathahalli and 5,131 per sq ft for Sarjapur Road. Though North Bangalore is the most talked about real estate market, most new real estate projects are being launched in East Bangalore. Multiple large business parks including ITPL in Whitefield, Wipro Headquarters in Sarjapur, RMZ Infinity in K R Puram, Bagmane IT Park in CV Raman Nagar,Prestige Tech Park and Vrindavan Tech Park on ORR are setting up shop in East Bangalore. The presence of many key corporates lends itself to rising demand and prices. Peripheral Ring Road and STRR are a few of the key noticeable infrastructure projects in East Bangalore. Once completed, the connectivity of East Bangalore with North Bangalore will improve significantly.

South Bangalore:

Key micro markets in South Bangalore are Electronic City, Bannerghatta Road, Hosur Road, Kanakpura road, JP Nagar, BTM Layout and Begur Road. Prices in South Bangalore range from 3,600 per sq ft in Electronic City to 5,900 per sq ft on Kanakpura Road. South Bangalore is a hub of IT companies such as Infosys, Wipro in Electronic City Phase-1, TCS in Electronic City Phase-2, Oracle near Dairy Circle on Bannerghatta Road, Accenture and many more. A key infrastructure project in South Bangalore will be the operationalization of Phase 2 of Namma Metro that will connect it to West and North Bangalore.

West Bangalore :

Key micro markets in West Bangalore are Rajaji Nagar, Yeshwantpur, Peenya and Malleswaram. Amongst the four geographic segments, West Bangalore has the least number of new units launched. Prices in West Bangalore markets are relatively high compared to other markets. The average price of a new project in Rajaji Nagar is 10,300 per sq ft and Yeshwantpur is 7,080 per sq ft.

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Mantri Developers Review – Mantri Celestia: A Shining New Star

Mantri Developers Review

Mantri Developers forayed into the real estate sector in 1999. This new ‘bird’ in the real estate world has been successful in securing a ‘nest’ for itself and is gradually opening its wings to explore the unexplored, see the unseen and do the undone. Mantri Developers review their performance every time in terms of customer satisfaction.

One of its many successful projects is Mantri Celestia, located at Wipro Junction- Gachibowli, Hyderabad. The project aims to give you a deluxe and grand living space at affordable rates of Rs. 4190 (phase 1) and Rs. 4090 (phase 2). There are basically two types of apartments- 2 BHK and 3 BHK- with an area range from 970 sq. ft. to 1198 sq. ft.

You won’t get tired of traversing long distances because of the central location of these opulent residencies. The nearby landmarks include International Airport (22 kms),  Gachibowli- IIT Junction (2 kms), Kondapur (6 kms), Cyber Towers (8 kms), Jubilee Hills (13 kms), Baniara Hills (15 kms), Ista Hotel (1 km). There are both indoor and outdoor facilities to serve you outside the four walls of your apartment.

Mantri Developers Review Bangalore

A well furnished and well equipped club house with a gymnasium, table tennis room, TV room, squash court, crèche, ladies and gents parlor, multi purpose hall and a host of other amenities are there to keep you engaged. Swimming pool, activity pool, landscaped garden, badminton and tennis courts, jogging/ walking trails, etc are some of the outdoor facilities. With security, all the household needs and environmental considerations taken care of by the developer, you are sure to enjoy your stay at this  ‘bird’s nest’. For more details about Mantri Developers Review visit blogs

Mantri Developers Review – Luxury Apartments at Affordable Prices

Mantri Developers Review

Mantri Developers is one of the fundamental area planners in the country today. Arranged in Bangalore, it has area reaches out in Bangalore and additionally distinctive parts of South India likewise like Chennai, Hyderabad and Pune. Made in 1999 by Mr. Sushil Mantri, the sole purpose of Mantri Developers since the time that its start has been to accomplish a change in the area space and offer its customers what most associations have not had the ability to offer. This is the reason probably they have had the ability to claim the top area architect position in this much time compass.

Another amazing wander by Mantri has been Mantri Webcity. This is one endeavor which is absolutely not exactly the same as an ordinary area wander. It offers a long ways past what other private endeavors have been advancing.

2 and 3 BHK lofts and penthouses starting at 54.2 lakhs simply is the crucial line of Mantri Webcity. Beside this the noteworthy highlight of the endeavor has been the neoclassically inspired auxiliary arranging which has never been seen. Beside this it similarly offers merriments and highlights which have never been seen or thought about. These fuse telenannies, gimpIdea which is an application for the gathering, nanotechnology, propelled library in this way significantly more which will make you comprehend that it is a champion amongst the most outstanding private ventures ever. For more details about Mantri Developers Review visit website.

Mantri Webcity: India’s First Techno Residential Project

Mantri Developers Review

Mantri Developers secured by Mr. Sushil Mantri in 1999 has thought about a substitute amazing wander called Mantri Webcity which is a champion amongst the most inventive endeavors found at Hennur Main road, Bangalore joining BIAL towards the north and Bangalore city towards south. It is the first techno private wander animated by new age advances like Nano advancement, mechanical innovation and conveyed figuring. It’s an assignment which faultlessly blends advancement with comfort. It tries for keeping its tenants related and institutionalized in the gathering where they can live by joining the individual to individual correspondence segments in their step by step life.

The towers draw excitement from the neoclassical and contemporary structural arranging with a delightful spine if water body included by pebbled pathways and seating promenade.

Indoor solaces join a clubhouse of zone 4180.6 sq. mt. which has an adequately arranged wellbeing club, exercise center, steam & back rub room, squash and b-ball courts, table tennis table, badminton court with pool table, TV room with little theater, inventiveness room, Karaoke Room/ Dance/ Aerobics floor with music structure, reflection/yoga entryway and unisex parlor. The outside civilities join the swimming pool nearby a pool for little youngsters, topical completed plans with water bodies, rich vestibule at every one entryway, running/walking trails, exercise domain, open amphitheater and get – drop off point.

A special application has been delineated called GlimpIdea to ensure straightforward frameworks organization. Telemedicine is in like manner practiced in here. This endeavor furthermore adds to the earth through SAPTREEM i.e. planting of more trees and plants and canny waste exchange routines.

Living in such sprawling greenery settled in the nexus of IT firms, where one admires all the excesses at a sensible expense is the spot which one calls a HOME. For more details about Mantri Developers Review read blogs.