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15,000 crore investment in real estate – Vadodara , Ahmedabad, Surat

Posted by on January 7, 2011 No comments
real estates investment in vadodara , Vadodara properties, vadodara property
real estates investment in vadodara , Vadodara properties, vadodara property

real estates investment in vadodara

Gujarat has shown its development strength to the entire world, and therefore has grabbed lots of big investments in past, In Auto-mobile industry Tata Nano plant in Sanand is one of the example.

Now real estate showing it’s charm, Around 50 members of Confederation of Real Estate Developers’ Association of India (CREDAI), an apex body of builders, will sign investment agreements worth Rs 15,000 crore, mostly housing projects which will be build in Ahmedabad , Vadodara & Surat. These builders  are from Mumbia, Delhi, Banglore, Pune, Chennai, Kolkata, Jaipur, Coimbatore and Mohal.

Vadodara

In our past blog we had described that Vadodara has very high potential for real estate investment compare to other cities.

So if you have plots in vadodara which can be used for housing project, there are chances to get good values by new builders. To attract investors you can post information here or send us by email.

Being bullish we hope that this news anyway will boast Gujarat real estate and attract more foreign and local investment.

Reference: Builders to home in on Gujarat – The Times of India http://timesofindia.indiatimes.com/city/ahmedabad/Builders-to-home-in-on-Gujarat/articleshow/7227103.cms#ixzz1AJiR2lmv

Vadodara’s 2010 Property Exhibition & Trade Fair

Posted by on September 20, 2010 7 comments
Vadodara Property Exhibition & Trade Fair

Vadodara Property Exhibition & Trade Fair

There will be two days Property Exhibition & Trade Fair in Vadodara with name of PROPERTY KINGDOM – 2010 on 2nd & 3rd October 2010 at The Hotel Gateway (Formerly Known as Hotel Taj), Near Akota Garden. According to organizers it will be an excellent Platform for Property Builders, Developers, Renovators, Dealers / Brokers & Individuals to exchange endless possibilities.

Event Address:

The Hotel Gateway (Formerly Known as Hotel Taj)
Akota Gardens
Vadodara, 390020 (Phone: 0265 2354545)
View Larger Map

Event Date :  2-3 October 2010

More information can be found at here . If you are interested to showcase your property or service, more information can be found here.

What do you think about this expo, Will it worth to visit ? Are you going to join, Share your feedback in comments below.

Mumbai to Vadodara in 3.5 hours

Posted by on August 19, 2010 1 comment
A stretch of the Ahmedabad-Vadodara expressway

Image via Wikipedia

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

Night Life in vadodara will be more interesting with Ratri Bajar

Posted by on August 1, 2010 1 comment
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.

Vadodara for real estate property investment

Posted by on July 19, 2010 2 comments
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.

Villa Bungalows Apartments

Posted by on June 17, 2010 No comments
A typical side-gabled bungalow in Louisville's...
Image via Wikipedia

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.

FSI – floor area ratio – floor space index

Posted by on June 6, 2010 2 comments

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

Vadodara new hotel to launched by Royal Orchid

Posted by on May 19, 2010 No comments

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.

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

Posted by on May 16, 2010 25 comments

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.

Builders in vadodara going for noble cause in Swarnim Gujarat celebrations

Posted by on May 7, 2010 No comments

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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