Next Mega IT Hub Visakhapatnam in 2015-2016 - Patni Properties

Andhra Pradesh's Government Keen to Develop Vizag as IT Hub

 

Next Mega IT Hub Visakhapatnam in 2015-2016 - Patni Properties

Visakhapatnam: The National Association of Software and Service Companies (Nasscom) is quite confident that Visakhapatnam can register growth in the IT sector, even though there may be a few constraints holding it back right now, Nasscom, Andhra Pradesh.

Through sources Nasscom had identified 52 tier-two cities for the promotion of the IT sector and Visakhapatnam was among the top four or five of them. “Vizag has great potential and also the required facilities, but the IT sector is still in a nascent stage here. Nasscom, along with the Visakhapatnam IT Association (VITA) and the State Government, is going all out to give the city the required impetus to push it into the big league. We are organizing such seminars to help the local industry,” he said.

It's been said the State Government was also aware of the importance of developing Visakhapatnam as the second IT center after Hyderabad. “A few big companies such as HSBC have arrived here, but many more have to come and the State Government should make special efforts to draw them to Vizag. It expresses happiness over the State IT Department's move to set up an incubation center for IT units in the city.

Sources said  Nasscom was equally keen on promoting IT at Vijayawada, Warangal, Kakinada and other towns in the State. Referring to Hyderabad, he said the agitations in the capital had not had an adverse impact on the IT sector in the city and the sector was growing at a healthy 12 per cent per annum.

Next Mega IT Hub Visakhapatnam in 2015-2016 - Patni Properties

The Andhra Pradesh government in keen to develop Visakhapatnam (Vizag) as an ideal destination for IT. There are plans to develop IT parks and IT zones under Public Private Partnership (PPP) model. These factors will surely attract more IT players.

Mr Patni, the Chairman of Patni Properties, said the growth prospects for IT were immense. The State Government should, however, address the problems faced by the industry.

Mr. Patni, is working in Real Estate Industry sines 1989, he always concentrates on development of Cities by providing commercial land and properties in different cities. He provides lands for hospitals and IT parks in Nagpur, Vijayawada, Mumbai, and Riapur.

Patni Propertie’s mission is providing the best land in the city for better development and infrastructure. Patni Propertie’s is a top leading Realtor in Real Estate Industry. It's the flagship brand of trust, quality Consultant and transparent dealings, commercial properties in different sectors.

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Capital Investment in Vijayawada Lift's Realty Sector

Realty Capital Investment is Flowing in Vijayawad

 

Capital Investment in Vijayawada Lift's Realty Sector

Vijayawada: Real Estate prices are set to skyrocket around Vijayawada following announcement by Andhra Pradesh government that the new capital would be located "near" the second largest city of the residuary state.

The land prices started shooting up in the region after media reports indicated that the area is "being considered" for locating the new seat of power of Andhra Pradesh which lost Hyderabad to newly-formed Telangana State.

A Siva Reddy, Vijayawada chapter President of Confederation of Real Estate Developer Associations of India, said property prices within 25km radius of the coastal city in Krishna district have doubled during the past few months.

"Ever since the division of State was announced, land prices started shooting up between Vijayawada and Guntur. Prior to the announcement, the prices used to be around Rs 1 crore per acre and now they have gone up to Rs 4 crore. Rates are expected to rise further," Reddy said.

Capital Investment in Vijayawada Lift's Realty Sector

The rush to buy land in and around Vijayawada had gone to such an extent the Government had to intervene and issue orders banning conversion of agriculture land into residential plots in part of Krishna District, said M Ramakrishna, Proprietor of Sri Gayatri Real Estates.

"With today's announcement, the land prices are set to skyrocket as most of the realty sales had been put on hold pending clarity from the Government on capital cities. Now that the air has been clear, Vijayawada will witness real estate boom," Ramakrishna said.

Barring some small residential plots, no major land dealings have taken place "officially" for the past few months, he added.

However, the task of acquiring adequate land for building capital may not be easy for the government given the prices prevailing there, a senior official said.

There is no clarity, yet on the quantum of government land available in the area and also the amount of real estate that needs to be acquired to build the necessary infrastructure, he added.

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Property Industry Development Thriving in Vijayawada

Land Development Prosperous and Growing In Vijayawada

 

Land Development Prosperous and Growing In Vijayawada.

Vijayawada, the City-on-Fast-Track, now is the destiny for AP Real Estate, By Patni Properties. This South Indian Commercial Hub promises assured returns on property investment. With its geographical advantage, Vijayawada is growing fast in the areas of population, trading, IT sector, the services sector and SSIs.

In the recent past, there is a migration of more than 7 lakh population of neighboring districts, taking the city population to more than 25 lakh including suburban regions. But there is no required housing activity to meet the demand, creating by the city's consistent growth. There is an estimated demand of more than 3 lakh houses in the coming five years. This will surely accelerate the housing and Real Estate activity in the Vijayawada city. After a recession for more than 12months, the Real Estate sector is now again in a booming circle in Vijayawada.

Land Development Prosperous and Growing In Vijayawada.

Why Gannavaram....?

Gannavaram is now in focus with key attractions like IT park, Engineering Colleges, improved airport, medical facilities, corporate schools like the Delhi public school, Corporate colleges, major showrooms and of-course with all essential residential and commercial utilities and much more to host!

Right Time to Invest in Gannavaram!

The Recent Developments on Eluru Highway upto Gannavaram like - New premises for EENADU facing NH5 at Gudavalli, Newly opened Nissan, Vhoks Vagon, Hyundai, Ford, Mitsubhishi, Toyota, SKODA & Benz Car showrooms facing NH5 from Ramavarappadu to Gudavalli, Engineering colleges like SRK at Enikepadu, DJR at Gudavalli and Usha Rama at Pottepadu, Corporate Schools like Delhi Public School at Nidamanuru and KKR's Gowtham at Gudavalli, Successfully Functioning IT park in 55 acres, Villa Projects & Independent houses projects near Gannavaram, the proposed Rs.400 crore budget 200-feet Outer Ring Road connecting Gollapudi on Hyderabad highway and Gannavaram on Eluru Highway via Musthabad.

The increased frequency and improved facilities at Gannavaram airport, the newly proposed 3-star Hotel by with VGTM UDA with Convention Centre and Exhibition Hall besides IT park facing NH5 opposite Airport at Gannavaram, 1000 crore worth Successfully running Pinnamaneni's Medical College, PG, Dental, Nursing College at Chinnavutapalli, Successfully Running Bus Body Unit in 60 acres by Mithra Group at Veerapanenigudem, Under-construction New Soumya Corporate Hospital at Gudavalli etc... Will push the NH5 land prices to peak upto Hanuman Junction.

Get More Information on Properties in Vijayawada and Gannavaram, contact us at PatniProperties

Real Estate Investment in Vijayawada Near Gannavaram

Rush To Make Investment in Vijayawada Near Gannavaram

Real Estate Investment in Vijayawada Near Gannavaram

Gannavaram, a locality situated roughly 20 km away from Vijayawada on National Highway 5, is offering the maximum number of residential plots across the city, according to Patni Properties listings. Most of these plots are open plots and are approved by Vijayawada-Guntur-Tenali-Mangalagiri Urban Development Authority (VGTM-UDA).

Plots having an area between 100 sq yards to 300 sq yards are priced from Rs 5-30 lakh. “Whatever residential land is left available in Vijayawada is available at very high prices and buyers seem not interested in such land,” says Mr Patni, Chairman of Patni Properties.

“However, Gannavaram is still offering residential plots at comparatively low prices. The reason for low prices is because the area is still developing and falls on the outskirts of the city,” he adds.

End-users are more in the area. “Most of the people who are buying plots here are middle class families who prefer to build homes,” says Mr. Patni, Chairman of Patni Properties. “Investor’s numbers are less and they prefer to buy big agriculture lands that are priced from Rs 50 lakh to above Rs 1 crore,” he adds.

So, why the area offers so many residential plots? Mr Patni informs that Vijayawada is expanding towards north, i.e. around NH 5. Gannavaram falls on NH5. Several major developments are happening in and around the locality. An IT Park is being developed in Kesarapalli that is 4 km away from Gannavaram.

“Gannavaram is witnessing maximum growth in and around Vijayawada. Vijayawada Airport, IT Park, Inner Ring Road, Outer Ring Road are being developed in and around the locality,” says Mr. Patni.

Real Estate Investment in Vijayawada Near Gannavaram

The all round development is driving the real estate sector as well. “Even with lots of Industrial Development in Vijayawada, the prices here are still affordable, but they will not remain the same for long,” says Mr. Patni.

Social infrastructure such as schools, colleges, hospitals, banks, commercial complexes, etc. is present within the radius of 5 km. Elure Canal supply water to the area.

When it comes to transportation, the area is way ahead. The government has proposed to upgrade the domestic airport present in the locality into an international one, which will enable landing of larger flights. At present, the domestic airport connects Gannavaram to Hyderabad, Bangalore, Chennai, Mumbai and Delhi.

An outer ring road is also proposed which once completed will connect National Highway 5 and National Highway 9. Inner Ring Road is almost complete. Both these roads will further improve Gannavaram’s connectivity to Vijayawada. Gannavaram Railway station and frequent bus services also allow people to commute easily.

Market experts say Gannavaram will witness maximum growth in real estate sector in next 2-3 years. “We are expecting a price hike of 20-30 per cent in residential properties in next 2-3 years,” says Mr Patni. With the unavailability of land and high property prices in Vijayawada, Gannavaram having affordable plots and good future prospects can be the area where you would like to buy plots.

Get more information about real estate investment in Vijayawada Contact us at Patni Properties

Industrial Development in Vijayawada Need Strong Economic Corridor

Vijayawada to Create a Well-Built Economic Base – Patni Properties

Industrial Development in Vijayawada Need Strong Economic Corridor

Typically an industrial corridor, developed by the government in private partnership, will act as an intermediary to develop infrastructure projects, which in turn attract industries and of course investments.

“The essence of such an industrial corridor is to increase employment potential, exponen¬tially raise exports and augment industrial output, which in turn underscores the growing economic scenario of the region, all in a given period of say 10 years or so.

The corridor passes through a combination of well developed locations such as Visakhapatnam, Vijayawada, moderately developed areas like Kakinada, Rajahmundry and Machilipatnam and under developed industrial areas like Gudur, Nuziveedu and Ongole. These have varying natural resources, human skills, but are with or without quality physical and social infrastructure that could propel industrial growth.

“The growing link is the infrastructure, i.e., logistics, industrial and social, real estate, which is incapable of handling the envisaged industrial output and exports”.

Investment regions and industrial areas will be proposed along the stretch covering key places such as Rajahmundry, Kakinada, Nuziveedu, Vijayawada, Bhimavaram, Machilipatnam, Guntur, Ongole, Bapatla, Nellore, Gudur and Naidupeta. Besides, self-sustaining industrial townships with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistics hubs, domestic/international air connectivity, reliable power and quality social infrastructure have to be created to provide a globally competitive environment that is not only conducive to setting up busi¬nesses but also superior compared to the existing hubs.

“The industries and IT companies coming up would have the advantage of improved infrastructure as there would also be logistics hubs to facilitate warehousing and movement of goods. A similar advantage in terms of trained manpower would become available as knowledge hubs are also being planned in such regions on PPP basis,” said data.

 

Industrial Development in Vijayawada Need Strong Economic Corridor

Premium infrastructure and high-speed connectivity will offer immense opportunities for businesses and sectors that are likely to get a boost including steel, cement, food processing, IT, automobile, ready-made garments, petroleum, chemicals and petro¬chemicals complex, Real Estate Industry.

Significantly, the corridor assists potential investors in organizing, negotiating loans and to some projects even advances. Exten¬sion of credit facilitation is the star attraction of the project. With access to capital getting tighter, thanks to the global macroeconomic situation, prospective investors with mid and large-scale projects will be enthused with such an option.

In specific cases, it will also raise financing instruments like project development fund, viability gap fund and revolving fund that could be used for undertaking project development activities on a PPP model.

The corridor also facilitates, among other things, resources required for companies to commence operations. Over time, districts and villages along the stretch will attract foreign investment and attain sustainable development and emerge as a hub of social and economic development.

Evidently, implementation of the project requires huge investment and public and private sector participation is imperative. Development of infrastructure, power plants, ports, airports, special economic zones, industrial parks, agro-processing hubs, knowledge cities and integrated townships can be developed on a viable PPP model with participation from both the Central and state governments.

All this is expected to boost trade and commerce between South India and East Asia by enabling quicker movement of goods.

“Once implemented, the industrial corridors will result in world-class tolled road, high-speed rail link and centers along the corridor would develop as industrial clusters,” said Reddy of Infotech adding that the manufacturing hubs in and around Anantapur, Nellore and Chittoor that the corridor will create will be critical to the future growth of Seemandhra.

 “Notable among the benefits is the fact that these industrial corridors will provide employment for a majority of the local population.

Get More information on Commercial Properties in Vijayawada Contact Us at Patni Properties.

Top Leading Realtor In Nagpur – PatniProperties

Top Leading Realtor In Nagpur  Patni Properties Helps You for the Best Land Deals

Top Leading Realtor In Nagpur – PatniProperties

Welcome to Patniproperties. We hope you find all the answers you came looking for. If you do not, feel free to call or send an email, and we will attend to you as soon as we can.

Patniproperties, founded 25 years ago as a humble startup by Mr Rakesh Patni has since grown under his able direction and guidance; stands tall today, assisting top level entrepreneurs, business houses, and individual investors to strike the most indisputable land deals in locations across India to build industrial, commercial, & residential complexes.

Patniproperties is a licensed, real estate consultancy firm engaged in serving individuals, corporate business houses, entrepreneurs, foreigners, non-resident-Indians, etc. to buy/sell/lease land in all major cities across India. Having been in this field since 1988, our services encompass sharing the long standing experience, information network, knowledge of economics/legislative issues, and business acumen which results in offering a spectrum of tailor-made solutions for buyers interested in clear authentic land and property deals.

Patniproperties assists entrepreneurs and investors in land buying process from start-to-finish, i.e. from identifying a piece of land-to-signing on the dotted line to seal the deal; we remain by the buyers side, guiding you at every step. Other than buying and selling land and real estate, we also undertake property evaluation, secure bank loans for your property, & carry out negotiations on your behalf to protect your rights & financial interests.

We treat all our assignments with utmost professionalism, abide by a code of ethics, remain in touch with our clients; and stick to rigid reporting and approval processes. For example, unless our team of experts has verified title and other property documentations, we do not ask clients to look at them, and while we are looking for properties for them, we keep them posted about it. They are in the loop at every stage until successful closure of the deal.

We at Patniproperties are very proud of the way we do business, placing honesty, integrity, and professionalism above everything else.

It makes us very happy to know that you are considering hiring us as your real estate company. Please do not hesitate to call to arrange a free initial consultancy. You can also send an email to discuss the same. Please be assured that we are a committed and dedicated team, promising to get back to you at our earliest.

Best regards and wishes Patni Group!

Get more information at: Patni Properties

NRI Investments In India’s Commercial Realty - PatniProperties

Nagpur is the Next destination for NRIs Commercial Investment

NRI Investments In India’s Commercial Realty - PatniProperties

It is the NRIs who is driving the realty market in Nagpur, with 20 to 25% of bookings in the city originating from the overseas market. Real estate agents of Nagpur are aggressively marketing Nagpur properties to NRI investors across the globe. The rising demand for land for development use in Nagpur by NRIs is spilling over to agricultural and non-agricultural plots on the fringes of the city.

As in Mumbai, defunct textile mills are throwing up opportunities to builders in Nagpur. While the Maharashtra Airport Development Authority (MADC) is offering acres at reasonable prices, property prices in Nagpur's upcoming commercial zones along NH 7 have touched figures of Rs.2 crore per acre. Commercial space of 0.8 million sq. Ft has already been created here.

Commercial land near Butibori, Katol road, Hingana road, Amravati Road are being challenged by IT companies, developers and Constructors. Shopping malls, multiplexes, resort and industries in Nagpur are getting popular as the city gets more consumerist currently 1.8 million sq. Ft of mall space has been created.

Commercial and industrial growth is taking place in the vicinity of the Butiburi industrial estate towards Hingna, as the older localities of Nagpur have no land to spare for any expansion.

NRI Investments In India’s Commercial Realty - PatniProperties

IT and heavy industry are growing at a fast pace to push Nagpur to 2nd highest rank in Knight Frank's list of emerging cities. Service and industry have created enormous employment opportunities, pushing demand for residential and commercial property. Consequently, the city is pulling at the seams, creating new townships and colonies in the northeast, northwest and southern ends of Nagpur.

Of about five lakh properties in Nagpur, 70,000 of these are commercial. Property prices in Nagpur shot up to an astounding 500%, driven not just by IT and MIHAN, but by a host of NRI investors. NRIs studying the Indian property market have found real estate in Nagpur the most promising amongst emerging cities. The city created employment for almost a lack of people over the last 2 years.

Real Estate Agents in Nagpur are aggressively marketing Nagpur properties to NRI investors across the globe. The rising demand for residential property in Nagpur by NRIs is spilling over to agricultural and non-agricultural plots on the fringes of the city.