Bidadi’s Smart City Project in Bangalore is Set to Soon Turn Into Reality

The much anticipated Bidadi Smart city project, Bangalore’s very own Gurugram will soon come into existence. The greater Bengaluru Bidadi smart city planning authority is executing a master plan for a 9,178.29 acre technology park, under the concept of work-life-play. The planning force operating under the BMRDA have expressed their intent to establish their master plan for the venture coming up is slated to arise in and around 38 villages in Bidadi and Ramnagara district, about 35 km from Bangalore.

Recommendations and grievances can be filed before January 17th, 2017 either by post or in person   to the BMRDA office said an official from BMRDA.

The official explained that the smart city, coming up off Bangalore-Mysore highway, will help lessen pressure on the existing prominent IT hubs located in Electronic City and Whitefield. Bidadi Township is comfortably positioned off Satellite town ring road hence commuting won’t be a major issue. Official also went on to say that this township will create more job opportunities to people from Mysore as well.

bidadi-city

Thought the project was envisaged a decade ago with the state cabinet clearing it in 2006, acquiring land has been the major stumbling block. In fact, major property development firm DLF had bagged the development rights in 2009. But it was only in 2015 that BMRDA decided to resurrect the venture. The Chief Minister, in this year’s budget, had declared assembling a separate planning authority for this project.  With the initial estimated cost around 15,000 to 20,000 crore with an office space of 2 million square feet, the master plan will declare the exact cost of this project.

Ingenious compensation models are being identified as the share of private land (6,336 acres) is huge compared to that of government land (2,198 acres). KG Gollarapalya, Aralalasandra, Byramangala, Bannigiri, Kanchugaranahalli, Kanchugaranahalli Kaval, Kempaiyyanapalya, Mandlahalli are some of the villages where the project is expected to come up.

Dreamz Infra offers a free TV, Fridge and WashingMachine with every booking.

Most of the citizens of Bangalore know of Dreamz Infra providing the least cost solution of affordable homes to the denizens of Bengaluru. There were doubts and skepticism only for the low prices of the company at which it sells flats and apartments. But now the company has established itself as the pioneer as four projects have been completed and possessions have been handed over. There are more than eight or nine projects whose constructions have already started and in many of them it is almost complete. Dreamz Infra has already housed more than hundreds of families in their dream homes with all amenities and facilities. Of late the company had initiated a process of verification and due diligence from the past customers by the prospective customers. The customers of the company and the buyers also opine that it is a good technique of gaining trust from the customers as the prices are low. The company indeed has set a benchmark that flats and apartments can be sold at lesser than half the rates of the market prices.
There is good news that there is a mega sale offered by the company and Dreamz Infra has arranged for this sale for its flats in all corners of Bangalore city. There are flats in J P Nagar, Whitefield, Electronic City, Hormavu, HBR Layout, Marathahalli, or even Vidyaranyapura and many more places. Be it in any part of the city or be it North, South, East or West you will get Dreamz Infra projects somewhere nearby. The locations of the projects are all at great spots with greenery along with all the infrastructure around. The flats are in Dreamz style and build up in the Dreamz quality hallmark most of which comes with service warranties too. Needless to mention they are all Vastu compliant too.
This is all about Dreamz offer and the apartments that it constructs. But the offer that is being organized by Dreamz Infra has additional discounts along with a free refrigerator, washing machine or a 32 inch LED TV for you. This is for all those who will book flats from the company in this mega sale. So what are you waiting for? If you need to buy a home or are willing to invest, be quick and grab the offers as they are not going to stay there for long.

Dreamz Infra Offer

Dreamz Infra offer

Indexes point out a slump in the real estate stake holder’s sentiments

The overall situation of the real estate industry was in a state of lull in the last three years. The unsold stock was gradually piling up and the industry was gasping for liquidity and more sales. In cities like Gurgaon, Noida and Hyderabad the developers started to lower the price levels by tailor making the high priced High Income Group apartments for the middle income group (MIG). With the swearing in of the new government a year back the country’s real estate sector started to become a bit more optimistic as they thought with the real estate friendly government promises, things can change. The first budget of the Narendra Modi government gave a few energizing promises like the REIT, the real estate regulatory bill, the RBI cuts for the interest rates, etc.

Let’s probe into the macro market situation and see what has actually happened to the buyers’ sentiments. The indexes of the global real estate consultancy firm Knight Frank along with the estimates of FICCI shows that new launches are more on the anvil and is to improve marginally as per the estimates based on January to March 2015. The report also says that the new launches in the cities like NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune are going to have a shortfall of new launches due to the pile of the unsold stock already surmounting.

real estate stake holders

The new launches of products in the real estate sector has already come to a staggering half in the quarter of January to March 2015 but the volume of sales have been observed to have remained steady. But other surveys and indexes also hint that the new launches would witness a marginal increase in the next half of the financial year. But the estimates also say that the pricing would also remain stagnant on the backdrop of a subdued demand.

According to the report of the index of FICCI-Knight Frank the sentiments have dropped over the figures of last year as the sales volumes did not improve. The 15 percent of the surveyed respondents expect an increase in the prices which the proportion of the population expecting an increase reduced to less than about half of last years’ numbers or even the numbers of Q3, 2014. The survey says that just 33 percent of the total opinion poll believed that there is a possibility of hike in prices in the ensuing six months.

The report reflects that the market is about to witness a few new supply of office spaces during remaining period of this year. The vendors of the real estate segment opined in the opinion polls that there should be a substantial increment of new office spaces on the back drop of the latent demand sensed by the market. The optimism for rental appreciation is also high in the ensuing six months.

The sentiments for the appreciation of office space rentals have been witnessed to be the highest in the last six quarters. 85 percent of the respondents believe that the rentals have a high degree of chances of appreciation. The report clearly remarked that after the election of 2014 the stake holder’s sentiments of the real estate sector remains to be quite optimistic. The current sentiment score is being hovering around 51 and future estimates are anticipated at 64 which are quite healthy. This does not only shows a positive trend of the sentiments but also indicates a very positive undercurrent of the market sentiments. The government’s initiative like “Make in India” programme has boosted up the stake holders’ sentiments to a considerable extent.

The report points out that the North and the West experienced a dip in the levels of sentiments in the quarter Q1 2015 and the South and the Eastern Zones expect a steady revival of the real estate sentiments. Cities like Delhi and Mumbai are great drivers of real estate business in India and the figures of the last quarter points out that the recent political upheaval in Delhi and an ambiguous development plan have taken a toll on the sentiments of these cities and the respective zones.

Bangalore people can check properties many builders but Dreamz GK has projects with affordable price which make every persons wish to buy a home.

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.

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.

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.