Want A Newly Built Ready-To-Move-In Home? These Are Your Options
If you are looking for a ready-to-move-in property, then Mumbai, Bengaluru, Chennai and Lucknow, are the cities that you should check out. Data available with Makaan.com show that these cities currently have the highest number of new construction up for sale in the country. New properties are in demand, with market dynamics headed towards stabilisation and prices undergoing correction, as per data.
Search-based leads on the site show that between January and August 2019, 44 per cent homebuyers in the Mumbai market were looking for new properties. In Bengaluru 66 per cent and in Chennai 53 per cent property buyers said they were looking for a property in the primary market. Nearly 56 per cent of those looking for property in Tier-II cities said they were looking for new under- construction properties.
Let us check out the individual tally of inventory in the key cities.
This market currently has nearly 16,000 less-than-one- year-old housing units. These ara available in different configurations, including 1RK, 1, 2, 3 and 3+BHKs. These could cost you anywhere between Rs 2 lakhs and Rs 40 crore.
Top localities: In the last 30 months, the highest demand had been for properties in Thane West, Mira Road East, Chembur, Kalyan West and Panvel, data available with Housing.com and Makaan.com show.
Affordable localities: Kalyan East, Boisar West, Dombivali East, Ambernath East, Titwala East, Shelu, Vasai East, Shahapur and Neral, are the location buyers of affordable property must look at. Rates of property in some of these areas may be as low as Rs 10 lakh. Note that these are mostly 1RK or 1BHK configurations.
Luxury locations: Altamount Road, Worli, Lower Parel, Napean Sea Road, Worli, Chikalwadi, Agripada, Dadar East and Andheri West, are some of the top locations with the costliest new properties currently up for sale.
There are close to 5,500 freshly arrived units for sale in India’s technology capital. The age of the property is less than a year. You could find 1 to 5BHK apartments, priced between Rs 4 lakhs to Rs 21 crores, up for sale.
Top localities: In the last 30 months, Whitefield Hope Farm Junction, Electronic City Phase 1, Bellandur, Yelahanka, Budigere Cross, Rajarajeshwari Nagar, Devanahalli, Varthur and Whitefield have seen the highest demand.
Affordable localities: Uttarahalli Main Road, JP Nagar Phase 7, Doddaballapura, Attibele and Medahalli, have properties that are new and up for sale, priced less than Rs 10 lakh.
Luxury localities: Hebbal, Shivajinagar, MG Road, Sadashiva Nagar, Jayanagar, Kormangala and Malleswaram, are some of the top localities with properties worth up to Rs 21 crores.
If you are looking at new, ready-to-move properties in Chennai, you have over 1,900 units for sale in the city. These ready possession apartments are priced anywhere between Rs 6.50 lakhs to Rs 6 crores.
Top localities: Chengalpettu, Kolathur, Avadi, Guduvancheri, Sholinganallur, Villivakam, Porur and Medavakkam, have the highest demand. Data show that most potential buyers were looking for property in these areas over the last 30 months.
Affordable localities: If you are looking at pocket-friendly options, Porur, Natham, Avadi, Vandalur and Guduvancheri, are the areas to look at.
Luxury localities: Poes Garden, Anna Nagar, Egmore, RA Puram, Nungambakkam, Adyar and Kotturpuram, are some of the luxury locales with high-end properties currently.
The demand for homes in the city of nawabs has grown remarkably in the recent past. Increasing job opportunities and improving infrastructure are only adding to its charms. Lucknow boasts of over 1,200 units for sale as of now. These are priced in the range of Rs 6 lakhs to Rs 2.65 crores.
Top localities: Gomti Nagar, Indira Nagar, Kursi Road, Vrindavan Yojana, Faizabad Road and Sushant Golf City, are the buyer’s top choices in Lucknow.
Affordable localities: Head to Lucknow Road, Kanpur Road, Mohanlalganj, Deva Road, DLF Garden City and Tindola, for apartments priced below Rs 15 lakhs.
Luxury localities: Gomti Nagar, Sushant Golf City, Aliganj, Faizabad Road, Ashiyana Colony and Vinamra Khand, are some of the top localities with the finest luxury projects in Lucknow.