Mumbai to Vadodara in 3.5 hours

A stretch of the Ahmedabad-Vadodara expressway

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The ambitious Vadodara Mumbai Expressway gained momentum and land acquisition has been started. This express highway will be length of 380 km and will connect to the existing Vadodara -Ahmedabad section.

Based on our experience from Amheadabad-Vadodara express highway, people can run their car on 120 km per hour easily so around 3.5 hours will be sufficient to reach Mumbai from Vadodara.

This is happening under sixth phase of National Highways Development Project in which government is working on constructing expressways that would connect major commercial and industrial townships. it is planned to be completed by 2014.

Once it is done it will attract investors from Mumbai and Surat to invest in Vadodara real estate as prices are still less here.

This will also boost Ahmedabad market as distance between Ahmedabad to Mumbai will reduce to 380+95 = 475 km and people can reach in 4.5 hours.

Ref:

    http://infrastructure.gov.in/pdf/NHDP.pdf

    http://timesofindia.indiatimes.com/City/Vadodara/Vadodara-Mumbai-Expressway-project-picks-up-pace/articleshow/6332620.cms

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Night Life in vadodara will be more interesting with Ratri Bajar

Ratri Bajar in Vadodara

Ratri Bajar in Vadodara

Vadodarians, If you are missing spicy food and entertainment in night, just wait some time, VMC is all set to launch Ratri Bajar, an all-night market in the city near Vuda Circle. It will provide citizens entertainment, food and shopping options all through the night.  According to this article, Tender process just has been completed, design is ready and work will be started soon.

It is still not clear how many shops and till when it will be completed, but if it created and managed well, surely it will enhance vadodara night life to great extent and will be opportunity for lots of new employment.  So if you thinking to start new food shop or something related, think about ratri bajar.

We assume that it will be in the line of of Khau Galli  in near Anand or Law Garden in Ahmedabad.

What are you expecting from this Ratri Bajar, Let us know in your comments.

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Vadodara for real estate property investment

A stretch of the Ahmedabad-Vadodara expressway
Image via Wikipedia

Real estate is always one of the most attractive investment for everyone. Vadodara is emerging as real estate investment hub due to following points

  • Rates in Vadodara are still much more reasonable compare to near by city like Ahmedabad and Surat
  • Vadodara could well be the next IT hub of the state after Ahmedabad/Gandhinagar
  • Anand and Surat fairly near by as well as the Express highway connecting Ahmedabad and Vadodara , is doing wonder.
  • It’s home town of numbers of Gujarati NRI
  • Mumbia is saturated and large number of investor thinking investment in gujarat

In a way Vadodara has capability to do well in residential and commercial property segment both and thus it is attracting large number of foreign and Indian real estate investors.

Please comment, if you have some other strong point to agree or disagree on this.

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Villa Bungalows Apartments

A typical side-gabled bungalow in Louisville's...
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Most of time builders use fancy words in order to make consumer confusing while defining property type.

These are all marketing strategy and end user get fascinated. In this blog, I would like to explain different kind of residential house or residential properties.

Bungalows : This is separate house, traditionally only one story, but can be extended. You will be surprise to know that this is Indian/Hindi word meaning houses in Bengal.

Villa: It was originally used for luxurious country house of a well-to-do person but now a days know more than marketing term used for bungalows. spa villa is most hyped marketing term used by hotels.

Apartments/Flat : It is self contained housing unit which is part of building. This kind of building most often known as apartment buildings. Some people think that they is difference between apartment and flat, Yes in dictionary but in practical life there is no difference. “apartment” is more commonly used in the US and the term “flat” seems to be more commonly used in India.

Complex: This is combination of shops and residential houses. Most commonly ground floor is occupied with small shops to full-fill basic need of entire building.

Please let us know if there are other confusing word.

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FSI – floor area ratio – floor space index


FSI

In the series of Real-Estate Jargon , This is second blog, you might interested in first blog of the series abut definition of different kind of area  (Definition Of Carpet Area , Built Up Area , Super Built Up Area)

Floor area ratio is very commonly known as floor space index (FSI) also in India. In laymen language it is indicator that shows how many numbers of floor can be build in certain area, it is the ratio of the total floor area of buildings to the size of the land of that location.

Municipal corporation or urban development centra set the norms for FSI and builders/constructor has to follow them strictly. so anyone can not construct building which is very tall and does not provide enough space for surrounding buildings.

In nutshell FSI restricts that taller buildings should have better space at ground so it does not impact surroundings.

As a formula: Floor Area Ratio = (Total covered area on all floors of all buildings on a certain plot)/(Area of the plot).

Let’s take an example, if FSI is 3 for any city, and plot area is 3000 sq. meter,In this case builder can construct

  • 5  floor of  1800 sq meter (60% of 3000)  covered area in each floor  = 5*1800 = 9,000 /3 = 3,000
  • 10 floor of 900 sq meter (30% of 3000) covered area in each floor = 10*900 = 9,000/3 = 3,000
  • 20 floor of 450 sq meter (15 % of 3000) covered area in each floor = 20*450 = 9,000/3 = 3,000

Normally FSI varies according to city and area, In vadodara it is between 2 -3 .

Reference:

http://www.carfree.com/far.html

http://en.wikipedia.org/wiki/Floor_Area_Ratio

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Vadodara new hotel to launched by Royal Orchid

Royal Orchid Hotels Limited (ROHLTD) is now looking to open its second property Vadodara. It has already presence in Ahmedabad, Mumbia, Goa, Mysore, Jaipur and banglore. Choice of Vadodara is seems obvious because of high presence of NRI gujarati and proximity with Ahmedabad.

New hotel In Vadodara

Royal Orchid has four star hotel in Ahmedabad but according to sources vadodara hotel will be budget hotel. Though there is no official news for that.

It is expected to be 80 room hotel and will be launched by September this year. This will influnce builders in vadodara also to think in same direction and it may boast real estate market in vadodara.

Let us know your view, If you are interested in new properties in vadodara, you can view here.

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Definition Of Carpet Area , Built Up Area , Super Built Up Area


definition of carpet area, built up area, super built up area

It is very important to understand real estate jargon before you do any investment in real estate. I am starting few blog series in order to make you familiar about these words.

In today’s blog I will take definition of different kind of area, Most of time we assume what this mean but it’s really easy to get confused around this.

Carpet Area – The actual area you can use. The area on which ‘you can put a carpet’ in entire house, it includes everything bedroom, kitchen, hall, bathrooms, balcony. It is fairly easy to calculate carpet area for any rectangle room, just measure width and length and multiply them, Let’s take an example, if your master bedroom is of 15 * 13 ,carpet area of this room will be 195 square feet. if it’s not rectangle , divide them in different rectangular part and calculate carpet are of separate section and add them altogether. You can simply download my carpet area calculator excel file and use it.

Builtup Area - This is the area of the apartment that includes the area covered by the walls so it is net area of a flat, including space covered by the wall . Sometimes balcony is considered in Built Up area not in carpet area. As a general rule built up area is around 8% to 10% more than carpet area.

Super built up Area – Super built up Area is most commonly known as Salable area,  Most of time builder deals on this area, so don’t assume that you will get same space within your house which is described by your builder. So it consist built up area + markup for common spaces like lifts and stairs etc. Super built up area is a unique money making concept by builders in apartment complexes.

Covered Area – In general,  Covered area is the actual area under the roof. It is not so widely used.

If you are aware about these term, you can easily calculate carpet area/ built-up area. Please  be sure about which type of area is mentioned before doing any investment. Let us know your real life experience around these words in comments.  Shout in comments if you have been cheating by manipulating words in any proposal to you.

Let me know your comment and any other topic you are interested.

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Builders in vadodara going for noble cause in Swarnim Gujarat celebrations

Baroda Land and Building Developers Association (BLBDA) has organised a 10-day health camp from 5th May to 15th May. The health check-ups will be coordinated by all the builders across Vadodara. Builders have been asked to send all of labours working for their construction unit to this health check-up.

This entire event has been organized as part of Swarnim Gujarat celebrations. It seems huge success as on the first day around 250 workers turned up for check-up.

If you are builder and still not aware about this, please show your loyalty towards your worker and send them for health checkup, After all “health is wealth”.

Sources:http://timesofindia.indiatimes.com/City-Vadodara/Construction-worker-welfare-on-builders-agenda-/articleshow/5899737.cms

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Realty expo in USA for NRI

The Times of India is organizing the first ever realty expo in USA titled ‘Your Gateway to India 2010′ to enable (Non Resident Indian) NRI Indians to invest in India’s booming $1.2 trillion economy.

India’s top developers will showcase premium projects to NRI. The Realty Expo will be held in Santa Clara on May 1-2, 2010 and on May 8-9 in Edison, New Jersey – two major hubs for Non Resident Indians (NRIs) in USA.


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Vadodara’s Ambitious 50 crore Flyover Project

Congestion caused by a road accident, Algarve,...
Image via Wikipedia

Vadodara Municipal Corporation (VMC) is heading towards his ambitious flyover project. The new flyover will begin from Dandia Bazaar crossroads near Maharani Shantadevi Nursing Home and will end in Akota.

VMC has already begun the procedure for acquisition of land in Laxmi Vilas Palace compound.

According to analyst this new project that will reduce traffic congestion in Kalaghoda, Sayajigunj and Alkapuri areas of the city.

Flyover Cost :  50 Crore  (excluding road)

Road Cost : 10 -15 Crore

Road distance : 1.5 to 1.7 KM

flyover distance :  0.85 KM

View Flyover in a larger map

Source : Times of India

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