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At Celtem Infra, we are passionate about creating spaces that you can be proud of investing in.
We are a professionally run and fast growing real estate company in India, with the knowledge and expertise to help you generate wealth through strategic property investment.
Real estate investment is commonly acknowledged as a low-risk, high-yield strategy for wealth creation. At Celtem Infra we help you maximize and safeguard your investment by offering the very best property investment opportunities. Our mission is to create world-class properties, with a fundamental focus on providing superior quality, value and exceptional customer experience by making the property buying process not just hassle-free, but truly pleasurable.
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Mixed use and SEZs
Godrej Properties– M S Ramaiah Group to build 100-acre township in Bangalore
Mumbai-based Godrej Properties has partnered family members from the M S Ramaiah Group to develop a 100-acre township in North Bangalore, sources privy to the development said. Based on a 50:50 profit share agreement, the project will see the development of approximately 10 million sqft of residential space, including apartments, villas, and plotted developments. Bellary Road, especially the Devanahalli suburb, has emerged as a hotspot for township developments given the availability of large land parcels. While Brigade Enterprises has launched a 130-acre township project in the area, Ozone Group is developing a 158-acre township. The M S Ramaiah Group, founded by industrialist M S Ramaiah, owns over 400 acres of land very close to the Kempegowda International Airport, Bengaluru, in Devanahalli. "One or two family members of the 10-member M S Ramaiah family have joined hands with Godrej," said a person aware of the deal. He added that the family is talking with other developers as well to monetize their land holdings in the area. Pirojsha Godrej, MD of Godrej Properties, said this would be the company's third township project; the others are the ones in Ahmedabad and Mumbai. Godrej is currently developing 95 million sqft of residential and commercial space across 12 cities in India. In Bangalore, Godrej has a 1-million sqft apartment project in the city's IT hub of Electronics City under development, as well as a niche villa project, Godrej Gold County, on Tumkur Road, being developed along with film star Fardeen Khan.
Commercial belts push premium housing in North Bangalore
The international airport being located near Devanahalli pushed the city’s northern border from just before Mekhri Circle ahead by more than 30 km in a span of less than 10 years. The setting up of the international airport near Devanahalli was a turning point for this part of the city, with infrastructure initiatives taken up to ensure smooth, seamless connectivity. The expressway commissioned and completed by the National Highways Authority of India (NHAI), the planned Phase II of the Metro Rail leading up to Nagavara and the proposed extension up to the airport in Phase III, along with the proposed three-laning of the Hebbal flyover, will connect prime locations around the north with key locations in other areas. The establishment of the Devanahalli Business Park, Airport City, IT and Hardware Parks has also given an impetus to the region. This has spurred hectic residential activity in localities around with several premium housing options. Ram Chandnani, Deputy Managing Director – South India, CBRE South Asia, explains, “Land acquisitions and investments started happening in the north immediately after the announcement of the relocation of the airport and setting up of the IT, hardware, and aerospace parks. Connectivity through the Outer Ring Road (ORR), the signal free corridor up to Hebbal, construction of the elevated flyover and job creation through the establishment of a tech park brought locations in north Bangalore closer to the city.” Factors pushing growth According to Sanjay Chugh, Head – Residential Services (Bangalore and Chennai) Jones Lang LaSalle India, IT has been the major growth driver responsible for aggressive real estate development in the city. He elaborates, “Bangalore has been the fastest growing city in India over the past few decades. The IT hub of India, it has a multicultural population, good social infrastructure, excellent educational institutes and an improving physical infrastructure. Currently, the most promising residential micro-markets are ORR, Sarjapur Road, Whitefield and north Bangalore.” He adds, “The city is also the third-largest real estate investment hub for high net worth individuals (HNIs) and tops the list in terms of investments from NRIs looking at settling down in India in the future. Home to over 10,000 individual dollar millionaires, the city has a large base of expatriates living and employed here. This has led to increased demand for high-end residences in the city, particularly in the Central Business District (CBD), Secondary Business District (SBD), Whitefield, north Bangalore and ORR submarkets.” Demand for high-end options Research by CBRE indicates that the major areas which have witnessed high-end housing demand include Hebbal, Yelahanka, Jakkur, Devanahalli and Hennur Road. Ram states, “Due to relatively cheaper land cost, developers acquired large tracts of land and offer high-end villas within gated layouts starting at Rs 2 crores. Numerous villa projects have sprung up across north Bangalore beginning at Rs 1.50 crores”. Chugh explains, “Bangalore is one of the most promising markets for villa projects in India. Demand for high-end residential projects is expected to be steady over the next 12 months. Villa and row house developments are most active in the micromarkets of north Bangalore, Whitefield, ORR and Sarjapur Road.”
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