TGS Layouts; 5 Enraptured Offerings in the Year 2015

The continuously slugging Indian real estate market forced many land developers and builders to cut their prices in an attempt to enrapture the customers. These offers are nothing but to allure the customers for the developers to get rid of their piled up stocks. The downcast sales figures of real estate is the compelling factor to initiate such out of the box ideas which can bring the sales figures back into the track. TGS Layouts, a part of TGS Constructions Pvt.Ltd. has flaunted numerous offers to customers as under.

1. Buy Land plots at 40 percent lower than market rates.

In these times of escalating land values where the prices of land are again climbing higher especially in the market of Bengaluru, TGS Layouts dares to say that it sells flats at a price at least 40 percent lesser than the market rates. There are land plots at all the corners of the city. The company started with the vision of selling land to the middle class at affordable rates within budgets. It has been so successful that it has land parcels in gated communities of Layout in Devenahalli, Hosur Road, Electronic City, Kanakapura Road and many other places as well. The company also arranges discounted sales with promotional offers flaunting with gifts. The company arranges for the customers, free pick up and drops with other consulting services like legal, financial, etc.

2. Summer Bonanza Sales Offers @TGSLayouts

TGS Summer bonanza offer for land buyers with 111 gifts for each bookings

Last summer, TGS Layouts a developing and Construction company who are mainly in the affordable sector of real estate organized a bonanza sale. The sale was all about land layouts in gated communities developed in several acres of land. The amenities the company would provide is all that are required for a decent living like swimming pool, security, compound wall, 30 and 40 feet wide roads, health clubs, gymnasiums and many more. The basic facilities like underground sewage, street lights, water and electricity connections are all provided too. In the summer bonanza offers the land layouts that was on offer was in Mysore Road, Electronic City, Devenahalli, Hosur Road and few other places. The sources said that the sales were fabulous as the company flaunted extra discounts, gifts and offers in the bumper sale.

3. On the Varalakshmi Festival TGS organized bumper sale of land plots

Varamahalakshmi offers by TGS for both land plot and flats

On the eve of Varalakshmi Festival the one and only company TGS Layouts selling land plots who has gained popularity due to land in all parts of Bangalore organized a bumper sale. There was land in Kanakapura Road named TGS Saraswathi  in compounded walls and gated communities provided with all facilities and amenities. The basic facilities would be there along with the amenities like swimming pool, gymnasium, wide roads, children’s play area and many more would also be provided. These land plots in lucrative locations of Bengaluru were sold at a discount of Rs. 3 lakhs to Rs. 5 lakhs. There were great rush and many customers bought land opines the sources from the company.

4. Gruha Utsav a cash back offer from TGS Layouts

TGS Gruha Utsav in 2015 for new land buyers

Gruha Utsav was organized by TGS Layouts few months back and notwithstanding the fact that the company sells land plots at an already discounted price the company was giving further discount on the land plots in the layouts. The areas in which it had lands to sell were Kengeri, Electronic City, Mysore Road, Chandapura, Kanakapura Road and few more places. These were also gated communities with the layouts being constructed in TGS style with all facilities and amenities. There were 111 gifts to be distributed to the customers, booking land plots and there was a winning contest for a Hyundai i20 car as well. Together with all these offers and discounts the sales bonanza went too well with almost all the land layouts being fully booked.

5. Weekend Offers for Land buyer @TGSLayouts   

A free door step pick and drop facility by TGS Layouts

To conclude, the weekend offers at TGS Layouts also brought some hope to the customers of the affordable segment. These never before offers on TGS premise are very common and are usually held in a continuous manner on every weekend. Here the company provides free pick and drop facility to save precious time of the customers. Apart from this a customer can visit all the locations where the property of TGS Layouts exists. Most of the companies have weekends on Saturdays and Sundays and these offers are usually organized on these two days. If anyone visits and books plots in any of these days then the customer can also expect few gifts added with the regular discounts.

If these offers interests you and want to stay updated with latest schemes / deals on land property then tweet and follow @tgslayouts. I appreciate people who have contributed their time in giving reviews and feedback on TGS Layouts. Visit us regularly for the latest news on land and layouts in Bangalore.

What 2016 have in store for Indian real estate

Every Residential Places Needs Commercial places as well

The experts feel that by the fall of 2016 there are signs of recovery in the real estate market which signals the end of the painful journey of the sector till now. India is seen today as the land of opportunity for both business and investment. Let us look into the year 2016 by gazing at what happened in 2015.

Office and the Commercial sector

There is an interesting fact relating to the office space absorption in the Indian real estate in 2015. The absorption rates went as high as 35 million sq. ft. which is the second highest figure in the history of the country after 2011. While the vacancy at the pan India level stands at 16 percent even now the realistic vacancy of commercial space is at 8 to 9 percent. For Example the risen need of residential property in Mysore road attracts many off-source investors to make commercial places here. The reason is although the vacancy was higher; the realistic vacancy was lower which a trend of the corporate is. This means that the demand in 2016 will also be there. There was a rise in the rental prices across the major markets of India. 

The projection is that the demand will remain constant over most of the period of 2016 with the positive bias being shown by the corporate occupiers. The trend watchers also remark that there will be a continued demand for the leased spaces but there may be a mismatch between the supplies of quality office space.  This also means that there will be higher demand of grade –B office space.

Rise in Capital gain over the year 2015

Growth of the Capital Markets

The capital market activities were fairly interesting in the real estate sector. The private equity continued to remain very high in the real estate market especially in the commercial sector. The entity level investments also were high which indicated the investor’s confidence. If you look at the focus of the assets the residential sector did attract considerable amount of funding but when it comes to equity investment the volume was low and insignificant for the residential sector.

The statistics reveal that the office space yielding income did attract the majority of the private equity investment in 2015. The investments in the tier I cities were more with Bengaluru, Mumbai and NCR attracting the most of the investments. This accounted for the 73 percent of the investment which the experts state is a state where a great stage is being set for the year 2016 to be highly prospective. The trend watchers opine that 2016 may witness the same kind of investment activities noted in 2007.

Residential Sector:
As far as the residential sector demand is concerned there was not such a great hope and optimism in the market in 2015. The sales have picked up in the major markets like Mumbai, Bengaluru, Hyderabad and the NCR. This primarily happened because of the government measures and lucrative offers or claims by developers to boost sale. In the markets where there were excessive unsold stocks the launches did reduce and the consumer’s sentiments have improved a lot. The RBI also has been reducing the repo rates continuously to increase the buyer’s confidence and assessment of affordability. There is another indicator that is also a plus to the market which is the increased growth of the demand of the office and commercial sector which will surely surge the residential sector demand. The myth goes that for every 100 sq. ft. absorption of office space there is a demand of 600 sq. ft. of residential spaces. This means that there is a great hope for the residential sector to turn around to great heights. The indications have already started showing in major markets like Bangalore, NCR, Hyderabad, Pune, etc. The sale of residential apartments in Bangalore, Pune, NCR, and few other cities have already started picking up but don’t do such mistakes while buying property.  The stage is set for 2016, opine the experts.

The retail market:

In 2015 there wasn’t any addition of quality retail space in the market. But even then the trends noted were that there was entry of institutional investors which is expected to bring the retail brands to come and explore the Indian market anew.

The industry experts note that there will be entry of the mature retail investors who are predicted to come and invest in the built-up and ready to move in retail space. It can be expected that once their foothold is strong in India they would invest in the ‘greenfield’ assets. There will be a dearth of quality retail spaces opines the experts as the demand will overpower the supply and regarding this the experts say that retailers will have to be flexible in their approach and customize according to the availability and conditions of the micro-market.

Mysore Road Mapping Towards Next Residential Hotspot

The connecting road of Bangalore to Mysore became the reason of Growth in properties price.

In just a matter of three or four years, apartments, houses and residential complexes have outnumbered in and around Mysore road. Even the number of planned layouts, plots and villa projects have also spawned and multiplied exponentially in the area. The activities of buying and selling in and around Mysore road have also multiplied and there is a huge demand of properties in the place.

The reasons for the flourishing of the place are many and few among them are Bangalore Mysore Industrial Corridor Project (BMIC), resorts, amusement parks, International schools, colleges, hospitals and industrial estates which are there due to which there is hectic real estate activity which seems to go on in a never ending spree in the area. This again spurts the residential influx of the place which boosts the prices at a great up-scaling momentum.

There are even greater plans of the government to develop the stretch along the Mysore road with four lane parallel roads which is being constructed which would connect the adjoining taluks including Kanakpura on the way towards Mysore. Many layouts in between Kanakpura and Mysore road are coming simultaneously for the buyer by land developers in recent time. While the plan is to develop the BMICP into a place full of Industrial Parks, IT hubs, tourism centers, residential hubs and also different eco-centers, the old Mysore road will be developed for other private initiatives which would also prosper simultaneously.

The immense growth and upcoming projects at Mysore Road are key to rise property value. 

The ongoing studies that are being conducted show that the number of apartments have multiplied four times in the area in the last three or four years starting from 2012. Statistics say that by the end of 2014 around 500 units were launched and by the end of 2015 another 700 added to the last years’ figure. This shows that there is an increasing demand of the apartments and dwelling units in the area. The growth of the plots and layouts in the area is although a bit constant but it is being noticed that the prices of the residential units are huge in demand and that too mostly in the places where there are plans of infrastructure development. That is precisely the reason the experts opine that one should enquire and know the rules of BBMP before buying land.

There are many developers constructing apartments both in the luxury segment and in the affordable segment. But many suggest buying land in and around Mysore Road. There are companies from the affordable segment also like TGS Layouts who have constructed land layouts and gated communities in the area. The company has land plots in gated communities namely TGS Padmavathi, TGS Mookambika and TGS Lakshmi which are at great locations where the company claims the growth prospects are pretty high. The rates of the company are pretty low and the claim of the company is that their prices are lower than the market rates at least by 40 percent. But at the same time the expert cautions that one should take the step after proper due diligence and enquiry about the builder by checking the existing customer feedbacks and complaints about the developer or the builder. There is no doubt that many stretches of Mysore road are in a rapid spree of development. This is especially true for the BMIC, the stretch along the four lane Mysore road and in some other places where IT hubs and offices are being constructed. The place near the NICE Road is also a place which is growing very fast due to the superb connectivity that it offers.  But the trend watchers again cautions the buyer to be careful and to judge the place, know the prospects and plans of BBMP and not to fall prey of any miscalculations buyer makes while dealing with property.
Take this virtual tour of properties at TGS Layouts in Mysore Road, you may find these property a worth to investigate as these plots in layouts are tagged as the most affordable lands for investment.

Take Home Points for Buyers

The buyers need to understand that there are few factors which are responsible for the development of Mysore road and the adjunct areas.

Not all the property get appreciated find the right property
through its rating and invest on the best one.

The prosperity and demand of Mysore road increased mainly due to factors like the proximity and connectivity to Bannerghatta Road, Kanakapura Road and few other places like even the North of Bangalore to Yeshwantpur through the Ring Road and the NICE road. But distinction should be made between, within the range of NICE Road and beyond it. Infrastructure both physical and social like the Metro, widening of the roads, etc. are also responsible for the developers to flog to the area. But one important point that one has to keep in mind is that the infrastructural development including the construction of the metro will take 4 to 5 years to be complete. Thus the market watchers caution that the buyers of the property should weigh the pros and cons of the property properly and then go for it rather than getting allured by the illusions created by the developers and the property sellers.

Private Wall of Gated Layouts Can't Obstruct the Public Amenities

Front secured gated community layout restricted from public access

In a dispute and controversy between the BBMP and the residents of the M S Ramaiah City Layout the residents of the layout are proclaiming themselves as gated communities. But the former BBMP commissioner Mr. Siddaiah who is a civic expert also states that there is no such concept existing as gated community. Often such claims are made by the land developers while selling land plots. They are just a part of the city. Such misconceptions are to be avoided by the customers while buying property. If in case the existence of  a gated community obstructs the right to movement and hinders on the safety and security of those leaving outside the gated community then those structures have to be demolished.

Residential Layouts on Hilltop
source:https://layoutsreview.wordpress.com

 But this is what the residents of the M S Ramaiah city doesn’t want to admit and the controversy has erupted subsequent to the complaint lodged by K N Sharath Babu a resident of Adityanagar nearby when he took objection to the blockage of the road and the construction of the structure on the public pathway by the M S Ramaiah City. He lodged a complaint to the BBMP and because of their inaction he complained to the Lokayukta. His complaint was that the general public was restricted from entering the BBMP Park and the road that went through the gated community.  On inspection by the team sent by BBMP it was found out that a compound wall was constructed around the limits of the layout which obstructed the movement of public to the neighboring layouts or lands. The report of the committee sent for inspection opined that the structure and the compound wall is illegal and unauthorized and they also suggested further action.

Residential gated layouts developed by private builders

After this the residents of the M S Ramaiah City appealed to the high court and the court gave a directive against them and Bangalore Metropolitan Task Force (BMTF) gave a directive to the BBMP joint commissioner to follow the court order and furnish a compliance report to its effect.  Although the action is not yet taken but the directive of the BBMP is a solace to many of the neighborhoods who are also suffering from the same problem where many developers are marketing their residential properties as private layouts.  The sales claims made by land developers proclaim that these properties are gated communities. The experts advice the customers not to be misguided by such false claims and to check the papers thoroughly and avoid such mistakes while buying properties. Apart from checking the papers and documents the prospective customers are also advised to check the reviews and feedbacks of the customers and the people residing in the area and the layouts too. In this regard the experts advice that there is a new rule of the BBMP that came up restricting the developers not to sell undeveloped lands in layouts. As per the new guidelines of the BBMP the registration of the land requires that the developer provides all the amenities and facilities as proposed.