Connectivity And Proximity To Commercial Hubs Boosts Strong Demand For Rent
This week Outlook Money in association with Magicbricks carries to you an extensive mix of localities for Residential Realty in Noida, Navi Mumbai, Chennai, and Kolkata that have witnessed a sturdy call for both sale and rent because of dazzling connectivity and proximity to industrial hubs and.
This week Residential Realty we focus on Noida Expressway, Kharghar in Navi Mumbai, Kelambakkam in Chennai and South Kolkata.
Noida Expressway micro-market covers the residential real estate improvement along the Noida-Greater Noida Expressway. This marketplace starts from Mahamaya flyover inside the north and extends all of the ways up to Sector a hundred and fifty towards the southern tip of the freeway. It encompasses a distance of about 23 km from north to south. There are about 25 residential sectors in this stretch; but, now not all of these residential sectors have seen development. Further, some of these sectors shape part of the Jaypee Township and its various sub-tasks.
Analysis of consumer property search behavior on Magicbricks indicates that a few localities on this micro-marketplace are among the maximum admired residential locations in Noida.
Apart from residential development, the micro-marketplace also has two large clusters of business/IT/ITES development. One cluster is placed closer to the northern tip of the micro-marketplace even as other is located toward the primary part. These clusters serve as a critical call for-motive force for the residential phase, both in sale and condominium segments.
This micro-marketplace is also home to schooling institutions. These range from a private college to many pinnacles rated K-12 faculties which have come-up in over ultimate ten years.
Noida-Greater Noida Expressway is likewise the principle communique axis of the micro-marketplace. It connects it with Sector-18 (Atta Market), that is the primary retail hub of Noida. Two foremost retail malls, DLF Mall of India and Great India Place are also positioned in a region of Sector-18. On the opposite case, this street connects Noida with Pari Chowk in Greater Noida and additionally leads toward Yamuna Expressway (which connects it with Agra).
Another vital benefit of Noida-Greater Noida Expressway is that it presents direct connectivity with Delhi-Noida-Delhi (DND) Expressway. Residents dwelling alongside Noida Expressway can without delay move to DND Expressway while not having to navigate through Noida town. This allows to cut down commuting time. The micro-market has additionally benefited from the lately inaugurated Aqua Line of Noida Metro.
Kharghar, Navi Mumbai
Kharghar is one of the 14 nodes which constitute the city of Navi Mumbai as per master-making plans and improvement by means of City and Industrial Development Corporation (CIDCO). For local governance and network services, Kharghar bureaucracy a part of Panvel Municipal Corporation.
In terms of place, Kharghar is quite massive but much less than half of it has real estate development. Balance location is hilly/mountainous and consists of forest land. Real estate development inside the locality includes a combination of residential, industrial, retail and business improvement.
As the region around Vashi and alongside Palm Beach Road began to step by step fill-out, the real estate price in localities in this place also began growing. The common resale charge in Kharghar as of stop March 2019 turned into Rs eight,661/ sqft, 15% inexpensive than the nearest locality of Belapur.
Till currently, Kharghar became the maximum widespread locality by clients searching for property in Navi Mumbai. Today, it’s miles the second most searched property by means of consumers on Magicbricks searching for residential options. The locality gives a combination of under-production and equipped-to-move properties. And on the grounds that it is an integrated improvement, it additionally has the important guide centers like retail, offerings, schools and clinical centers.
The under-production Phase-1 of Line-1 of the Navi Mumbai Metro will provide enhanced connectivity to Kharghar. Line-1 is 23.Forty kilometers in duration and consists of three levels. Of these, Phase-1 is beneath-creation. This phase is eleven.10 kilometer in duration and has a complete of 11 stations. The section starts offevolved at CBD Belapur and terminates at Pendhar in Taloja. In between, it navigates thru the coronary heart of Kharghar micro-market. Of the eleven stations, 7 are located with-in Kharghar, as a consequence providing enormous coverage. And this should additionally have superb effect at the realty sector.
Kelambakkam is a peripheral locality of Chennai and is situated alongside the Old Mahabalipuram Road (OMR). It often has residential development and going by the everyday average resale charge, it caters to the mid and lower-mid segments. Residential development inside the locality may be taken into consideration as an extension of the continuous outward growth of the metropolis alongside all the essential roads radiating out of the city. In case of Kelambakkam, it forms the southern part of the development which has improved out alongside the OMR from southern suburban localities like Adyar and Palavakkam.