Port Blair, Andaman & Nicobar Property Guide
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How India’s Bullet Train Will Transform Property Prices in Ahmedabad and Maharashtra Corridor Cities
Explore the projected surge in property prices around Shela (Ahmedabad), Vapi, and Bharuch due to the Mumbai-Ahmedabad Bullet Train’s infrastructure boom and economic zones. -
Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering.
Port Blair, Andaman & Nicobar Real Estate News
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What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities. -
DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects. -
How can a registered mortgage help the borrower as well as the lender?
This article explains the process of registered mortgages in India, detailing application steps, benefits, and how to remove registrations effectively. -
Land Conversion from Agricultural Land to Residential Land
Converting agricultural land to residential or commercial in India requires navigating state-specific laws and obtaining approvals from revenue or planning authorities. The process involves fees and extensive documentation, with timelines varying by state.
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Overview of Port Blair
Port Blair, the capital of the Andaman and Nicobar Islands, showcases a distinctive real estate market influenced by its unique location and growth factors.
Property Prices
- The average cost of properties in Port Blair stands at Rs. 2,500 per square foot. This average rate is consistent, regardless of the starting or highest priced listings.
Types of Properties
- The available properties range from standalone houses and apartments to villas. For instance, 2 BHK apartments can go for about Rs. 65 lakh for 970 square feet, and 3 BHK flats are priced near Rs. 55 lakh for 1884 square feet.
Market Trends
- Buying property in Port Blair appears promising due to steady and possibly rising prices. The market has few listings, affecting your choices.
Development and Infrastructure
- There are major development hurdles in Port Blair due to a lot of people living there and not much land left. Plans include shifting some activities and creating new residential areas outside the main city, like Bamboo Flat and Garacharma.
Land Use and Availability
- Much of the land in Port Blair is reserved for defense, roads, transport, and communication. This limits residential spaces with 34% kept for defense and other non-living areas, and another 20% unfit for urban development because of tough terrain.
Future Development
- Plans for Port Blair's Master Plan aim to allocate over 1,000 hectares of land for residential use, fulfilling future housing needs. It involves developing new residential hubs and managing activity regulations in current high-density areas.
PropertyWala's Conclusion
Buying or renting property in Port Blair demands looking at its unique problems and opportunities. Steady property prices and future growth potential make it appealing but be mindful of limited land and listings. Keep an eye on market trends and look at new residential areas near the main city. Given the development plans, Port Blair could offer good real estate investment, yet careful planning and research remain essential for navigating its local market conditions.