Mobility and seamless connectivity paves way for Bengaluru’s growth

Mobility and connectivity is a social, economic and prosperity need of a region. It certainly influences how people are connected to their place of work, education, leisure or social services and their recreational spaces. The experts opine that the urban connectivity has to be seamless introducing a new dimension in urban mobility which ensures reliable, sustainable and well integrated high capacity public transportation facility to the citizens. This happens with the movement of different progressive forces integrating together and as people shape the pattern of an urban infrastructural development the seamless connectivity in the urban transportation model has to be implemented in close coordination with planning of land usages and large scale infrastructural developments.

Seamless Connectivity for Bangalore Real Estate GrowthAdvantages of seamless Connectivity:
An integrated network of transport means several options of transport in terms of speed, availability, quality, cost and comfort and ease of access. The experts opine that the urbanization with seamless connectivity that ensures physical and economic growth is not only restricted to special zones or pockets but should be balanced and sustainable too. Thus if a comprehensive development plan is chalked out it should focus on the ease of connectivity and mobility.

A Perspective of Bengaluru
Government of Karnataka in improving Bangalore’s physical infrastructure and developing major infrastructure projects to encourage overall economic development and has taken many proactive measures. The BBMP has undertaken plans of 3, 500 km of road including 250 km of arterial roads and National highways which counts for another 100 km. It has plans for 38, 000 intersections, 162 signalized road intersections, 41,000 small roads and 600 manual intersections. The city’s Urban Local Bodies (ULBs) have 2, 400 km of road networks. The Outer Ring Road or the ORR has a 7 to 10 km distance from the centre of the city covering a total distance of 62 km and connects all major roads and the highways too, inside and around Bengaluru. But it has been noticed that of late the ORR has also become like the city roads with the local traffic plying and many signaled intersections with development of flyovers all around. Along with this, it can be expected that completion of the Metro rail project will also decongest the traffic on the roads of Bangalore.

Presently the Phase I of Metro railway between Byappanahalli and M.G. Road and the stretch between Sampige Road and Peenya are operational and Reach I is expected to start functioning by next year. The planned Peripheral ring road (PRR) will surely decongest the city roads to a considerable extent and the ORR too by connecting the key roads seamlessly.

Areas that will benefit from this seamless connectivity:
The experts and  city planners points out that the areas that will benefit from the seamless connectivity of Bengaluru are Bellary Road, Hosur Road, Tumkur Road, Electronic City and ORR and its surroundings.

Micro-Markets and Pockets of growth
The experts point out those areas in and around Hebbal has shown significant influx of migration and development due to infrastructure growth and connectivity. The statistics reveal that about 10.3 million sq. ft. of office space has become operational and another 4.6 million is under construction. When it comes to residential units about 3000 apartments are under construction in Hebbal and adjoining areas with 0.13 million sq. ft. of retail space being available to the inhabitants of the area.

The town planners have also noticed that ORR has been the reason for development of areas like Bellary road with increased residential and commercial activities being observed after the construction of the elevated expressway. The international airport and the Metro railway have already marked the beginning of increased residential preference and commercial activity in and around Tumkur Road. Similarly Hosur Road is also bustling with improved residential and commercial activities too due to the elevated express ways from Electronic City to Silk Board junction.

Follow DreamzGK Blog regularly to get future Real Estate updates and Company’s Discount & Offers on Bangalore / Bengaluru Flats / Apartments.

Advertisements

Stilt parking planned for avoiding decongestion

Bangalore: BBMP is planning to issue a notice introducing a rule of stilt parking to avoid congestion in the city. A proposal is expected to be submitted by the official panel which is formed on the issue of decongestion of the city which is headed by the chief secretary. Official sources say that the rule making stilt parking mandatory could be introduced in the Revised Master Plan (RMP) for the city of Bangalore. Stilt parking was made compulsory in Delhi following a judicial dispute which kept the enforcement of the rule in abeyance. The rule for stilt parking in Bangalore can be expected to be prepared in 2015.

Car Parking for 3rd floor HouseAccording to the officials, the proposal is being made ready and various pros and cons are evaluated with the height of the buildings and the stilt are being worked out. It may be that they may propose a 9 feet high stilt which can be made mandatory.

This rule will be applicable for residential houses of Bangalore having more than two floors. The house owners and the developers may have to start construction of the dwelling units from the first floor making the ground floor parking space for vehicles.

It is expected that to avoid the congestion in the city and refrain people to park their cars on the road, this measure has been adopted wherein the clause of stilt parking will be introduced in the Byelaws of BBMP. The officials remarked that although the Master Plan of BBMP, 2015 specifies mandatory provision of parking space, but it doesn’t talk of stilt parking. Although it’s a practice to show parking spaces but normally the ground floor is used for residence.

The authorities hope that with the enforcement of these laws and making stilt parking mandatory the city’s congestion will be controlled, which will decrease traffic snarls and accident rates too. If this rule is accepted and enforced, it will certainly be a step towards better living conditions in the city.

Follow DreamzGK Blog regularly to get latest Real Estate Updates and offers on Bengaluru Apartments by Dreamz GK.

Dreamz Samhita Status – Construction is in full swing

Dreamz Samhita one of the finest project of Dreamz GK. Dreamz Samhita is constructing at JP Nagar 7th Phase. Jayaprakash Narayan Nagar is called as JP Nagar. It comes in the south of Bengaluru, located to prime areas such as Jayangar, Banashankari, Bannerghatta & BTM Layout.

Dreamz Samhita project construction work is started now and very few Flats are available in Management Quota. If you are looking for ready to move Flat at JP Nagar then Dreamz Samhita is one of the best option.

Dreamz Samhita under construction project images

Dreamz Samhita Status 1

Dreamz Samhita Pic-1

Dreamz Samhita Status 2

Dreamz Samhita Pic-2

Dreamz Samhita Status 3

Dreamz Samhita Pic-3

Dreamz Samhita Status 4

Dreamz Samhita Pic-4

Dreamz Samhita Status 5

Dreamz Samhita Pic-5

Dreamz Samhita Status 6

Dreamz Samhita Pic-6

Dreamz Samhita Status 7

Dreamz Samhita Pic-7

Dreamz Samhita Status 8

Dreamz Samhita Pic-8

Dreamz Samhita Status 9

Dreamz Samhita Pic-9

Dreamz Samhita Status 10

Dreamz Samhita Pic-10

Dreamz Samhita Status 11

Dreamz Samhita Pic-11

Dreamz Samhita Status 12

Dreamz Samhita Pic-12

Dreamz Samhita Status 13

Dreamz Samhita Pic-13

Follow Dreamz GK Blog regularly to get latest updates, offers and customer reviews of Dreamz GK Existing Customers.

Dreamz GK Independence Day Offer

Dreamz GK top Real Estate Company in Bangalore presenting Independence Day Offer 20% Off on all Flats / Apartments in Bangalore along with

  • Free Modular Kitchen worth rupees 1 Lakh
  • Free 5 Years of Service Warranty
  • Free 10 Years Property Management

Also you can meet our Existing Satisfied Customers Face to Face if they suggest you then only buy your Dream Home from Dreamz GK.

Dreamz GK Independence Day Offer

A wide range of Dreamz Home for you
Dreamz Sairam at Marathahalli
2BHK – Market Price 44.00 Lakhs, Offer Price 30.75 Lakhs
3BHK – Market Price 56.00 Lakhs, Offer Price 39.00 Lakhs

Dreamz Samarpit at Hebbal
2BHK – Market Price 35.00 Lakhs, Offer Price 21.75 Lakhs
3BHK – Market Price 48.75 Lakhs, Offer Price 30.25 Lakhs

Dreamz Sumadhur at Vidyaranyapura
2BHK – Market Price 36.00 Lakhs, Offer Price 24.00 Lakhs
3BHK – Market Price 45.50 Lakhs, Offer price 30.00 Lakhs

Dreamz Suprabhata at Vidyaranyapura
2BHK – Market Price 43.00 Lakhs, Offer Price 24.25 Lakhs
3BHK – Market Price 59.00 Lakhs, Offer Price 33.75 Lakhs

Call us on +91-7353968111, 7353422111, 7259036575, 8494921658, 7353978111 or visit Dreamz GK office at Silk Board for more details.

The Investments in the Real Estate will be facilitated by the REIT establishment: 2014 Budget

REIT is a Real Estate Investment Trust which offers units to public. They are the ones responsible to gather reserves from the investors; they are also equally responsible to acquire rentals relating to the real estate and also dispense the income among the investors. These bodies majorly own govern and manage the income generating properties which are required to allot around 90% of the profits gathered as dividend among the unit holders.

The REIT’s were firstly introduced in India by the Securities and Exchange Board known as the SEBI. The REIT regulation was drafted in the year 2007. These set of regulations in the draft were never finalized and executed as the structure inherited a major limitation. Further in 2013 September, the SEBI has unconfined a draft and a sketch of the REIT regulations and rules for public comments. These regulations are hoped to fulfill the purpose when they come into force these set of rules thus are in accordance with the global regulations. The SEBI and the REIT has received many relevant comments and these regulations are to be expected to come into force soon.

The REIT has an immense ability to attract and effectively manage the investments within the real estate industry. Below a few reasons are discussed which could incentivize these investments in the real estate.

The most importantly the REIT’s prevent the creation of any kind of black money. The creation of such black money could take place through any normal banking channel.

REITs-DreamzGK-Blog

It is equally essential to make this investment striking and feasible as well as there is a requirement to lighten the burden on Indian Banking functionality and also promote channelization of these savings into real estate as a valuable asset.

In the recent times a fixed income instrument is lacking which is an active tool to supply for the inflation hedged capital or return appreciation. This as an outcome has diverted savings into investments in gold whereas the savings in housing has remained unproductive for a longer period of time. The effectiveness of the REIT coming in force will change these unproductive savings into an asset which is productive in a manner reducing the shortage in monetary terms.

It is also important to craft the REIT as a smart tool both for the corporate as well as the individuals. This essentially requires a very tax efficient model to be added to the REIT regulations. Thus it is the need of an hour to modify and make certain essential changes in the tax law and the foreign exchange policies to make sure the REIT’s practicalities are kept unchanged and the regulation have a smooth take off in a planned manner.

It has been a known fact that the real estate contributes mainly to the GDP of the Indian economy on one hand and on the other hand it is mainly unorganized. Thus, the taster of the REIT regime will definitely render the needed support and help to make the real estate a much smoother an operative sector also helping it to overcome the tag of an unorganized sector.

The REIT will nevertheless facilitate the investments and but also provide a productive assets to the real estate industry. Thus, to conclude, the REIT enforcement is that it is essential to promote such investments in the realty sector for the betterment of the real estate industry.

This article is published by DreamzGK Blog. If you want to participate with Dreamz GK Customers discussion forum please click Dreamz GK Customers Reviews

Luxury Property buyers have a major constraint of Connectivity

The major developments in Bangalore are happening in and around the outskirts of the city. This massive expansion is happening in a planned or a coordinate manner. Thus, this how the picture of several luxury real estate projects in the city is.

To get the puzzle a clear insight here, is a case of a senior IT professional who resides in a luxury apartments in JP Nagar 8th Phase off Bannerghatta Road. There bunches of amenities which are really impressive including a club house, exotic swimming pool etc. The one and only catch for the residents is the last two kilometers of the access road. According to the residents to such areas, Bannerghatta is not extremely approachable and it consumes 60 percent of the time reaching the area. The reason accounting for the route to consume an hour is that the road was dug up to lay water pipeline some time ago. But due to some lay back time it was started again and till now it hadn’t been done in a perfect manner leaving behind many potholes on the path. There are also few signs that display the road caving in. This road being the one for many projects there is always a jam packed situation with heavy traffic.

Many realty experts believe that the mobility is a part of an innovative design and is also a concept that has not yet been implemented in the city.

Bangalore-Connectivity-Dreamz-GK-Blog

Many other obstacles like jagged pavements, bad roads; garbage outside big luxury projects is something that is being most noticeable in Bangalore. There indeed needs to be taken a strong action against all this. According to the Total Biodiversity Development India Ltd, This situation is often prevalent as the people are less aware and bothered about the excellent planning, cleanliness and maintenance.

The strategy head from Research and Practice, EMBARQ marked that it is therefore a very true fact and a known circumstance that whenever the infrastructure is good and sound, the property prices tent to increase and go sky high. The organization works with the realty developers to carve out a maintainable mobility for the new constructions and realty projects in Bangalore. Many of the active real estate builders and developers have taken a step ahead to address this major issue of maintenance but taking the first initiative process.

The most essential parameters for any individual to consider before investing in any luxury housing sector is the convenience and access to the essential daily location added to it one should also look for a detailed design, finish, amenities and also facilities. Ideally it is also essential for the developers to first identify the land which has maximum accessibility and is relatively nearer to good roads. In the nonexistence of such apt locations it makes it essential to manage the last available km more stable in terms of connectivity making it congestion free and also maintain the traffic flow.

This Blog Post is published by DreamzGK Blog. Click Dreamz GK Infra Reviews if you want to participate with Dreamz GK Customers discussion forum.

North Bangalore the next New Bangalore

For quite sometimes due to slow growth of economy India’s real estate market has been ambiguous and is difficult to predict anything as the realty market doesn’t has any fixed form. In the past three quarters, the demand in the housing segment was low in the country but with new government formation in the center changes in liquidity issues, high interest rates and cautious sentiments are likely to support the real estate sector from second half of 2014 and a uptrend in the sales is likely to happen in the 2nd quarter of this year.

dreamzgkblog-Pic-1

Bangalore Real Estate Market:

Though, many major cities in the country suffered from sluggish economy but Bangalore emerged as a fortunate real estate destination. The study of the market changing aspects and the current position of construction in Bangalore have shown remarkable facts that are taken as factors for the growth of Bangalore real estate market. Over the last decade, the Silicon Valley of India has been treading on the path of growth with the rapidly growing demands for residential and commercial spaces. Bangalore is an end-user market unlike other metro cities market and it comprises of about 75 per cent share of the market, which is one of the highest in developed markets of India. IT/ITeS industry is regarded as the major growth driver for the vigorous realty development in the city.

Prospects for Expansion:

With infrastructure developmental measures taken such as Elevated Expressway, Bangalore Metro Rail Project, and Bangalore-Mysore Infrastructure Corridor by the State Government, the suburb areas are set to see a significant growth. The other factors that have contributed to growth of suburbs are traffic-free commuting, starting of new shopping malls and access to quality educational institutions and healthcare facilities etc.

dreamzgkblog-Pic-2

Additionally, North Bangalore is seeing demand for residential properties. This can be attributed to the closeness to Kempe Gowda International Airport and the projected Social Economic Zone (SEZ) in this locality that is stimulating the demand more. North Bangalore is likely to see the next real estate boom and can become “The New Bangalore” in the approaching years.

Follow us on Dreamz GK Blog for regular updates and watch ‘Dreamz GK Reviews‘ here.