Bangalore has helped India debut on the ‘City Momentum Index’ (CMI) Top 20 list – an annual survey carried out by Jones Lang LaSalle...
Affordable housing is a distant dream for the service class in Dubai having an average household income between 10,000-30,000 UAE. Given the cost of living, in this income, they can barely afford to pay a rent of Dh72,000 per annum and maybe buy a property worth Dh800,000. As a result, more and more people are moving away from the centre of the city and looking for affordable housing in the outskirts.
Before negotiation for a property, do your groundwork about the project, its developer, his credibility and track record of previous projects, the location and prices in the vicinity, and trends in the property market. But remember, every negotiation has a breaking point, and one should never go as far as to breach that point.
Pune is always growing and adding to its geographical spread, making it by far the largest and most vibrant real estate market in Maharashtra and beyond. Apart from these, there is a constant flow of investments coming in from other Maharashtrian cities like Nanded, Nasik, Sangli, Kolhapur, Nagpur, Jalgaon and Amravati. As a result, the Pune property market is extremely resistant to stagnation.
Regardless of whether one is looking to buy a first or second home in Pune, the basic success fundamentals remain the same. One should go for locations which are close to primary workplace areas which have a good saturation of office complexes, if one can afford. Other important aspects to focus on are the availability of good social and civic infrastructure like schools, hospitals, shopping, etc., and presence of public transport.
A lesser-known fact is that Pune's real estate market is a direct beneficiary of its highly developed educational environment. People in Pune are willing to invest considerably in their children's education, and this includes a willingness to pay more for a home located close to a good school or college.
smart city initiatives can succeed only if governments are open to experimentation and willing to invest time and resources in learning from missteps,
NCR has witnessed country’s highest unsold inventory figures at almost 1,70,000 units. Gurgaon’s contribution to this burden is only around 22,000 unsold units, but this is still uncomfortably high. Another source of worry is that almost 30% of this unsold inventory is under construction, and located in perfectly inhabitable sectors.
In the pursuit of their development and urbanisation agendas, our cities have seen high-rise buildings replacing backyards, parks and forested areas.