GST Rate Cut

5 THINGS YOU NEED TO KNOW ABOUT GST RATE CUTS

GST rates are applicable for the properties that do not have a completion certificate at the time of sale, be it under construction or ready to move-in properties.

New GST rates will be applicable from April 1, 2019. According to the industry experts, increased demand in the housing sector will be seen post new GST implementation. As pointed out by our Finance Minister, Arun Jaitley, this will allow the homebuyers to buy properties at an affordable price including the middle class, neo-middle class and aspirational class.

GST Rate Cut

Let’s understand how GST rate cut will work, its impact on the real estate industry and the homebuyers.

1. The GST for under-construction flats, that do not fall under the affordable housing segment, has been reduced to 5% without ITC (Input Tax Credit) from 12% with ITC. The GST is reduced to 1% without ITC from 8% with ITC for affordable homes.

2. The cut down in the GST rate is applicable for under-construction properties and ready to move-in flats where the completion certificate is not issued at the time of buying.

3. Earlier there were no valuation limits on properties. Now, with GST rate cuts, it has been redefined with under-construction properties that are priced up to 45 lakhs, which will be considered as affordable housing project and will have 1% of GST without ITC.

4. Although the upper limit for affordable homes range is 45 lakhs for both metro and non-metro projects, the requirement of the carpet area differs. For metro projects, the carpet area is less than 60 sqm and non-metro projects carpet area is less than 90 sqm which falls under the range of 45 lakhs and will be eligible for the 1% GST rate.

5. As per the new definition of affordable housing, one can buy a 2 BHK house in a metro city of 60 sqm and 3 BHK house of 90 sqm in a non-metro city and pay only 1% GST.

These changes in GST rates will help increase sales in homes that fall under the affordable housing category, thereby bringing down the number of unsold inventories. The approved reduction in the levy on homes under construction and raised threshold for affordable housing by the GST Council is certainly a massive relief for both the homebuyers and developers in India.

Bangalore Cantonment Railway Station

Work On Bengaluru Cantonment-Whitefield Line To Begin Immediately; 62000 Daily Commuters Breathe Easy

The railways sanctioned INR 492.87-crore on Tuesday for adding two more tracks to the Bengaluru Cantonment-Whitefield railway line, a project that has been pending for more than 20 years now. The project was initially sanctioned in 1997-98 where the Bengaluru City (Krantivira Sangolli Rayanna)-Whitefield section was planned to be quadrupled. However, the project hit a dead end due to the high cost involved and scarcity of land between Bengaluru Cantonment and Bengaluru City stations.

“ThouRailway's Fast Track Development Plan for Bengalurugh the Ministry of Urban Development subsequently recommended the Transit-Oriented Development of Krishnarajapuram and Whitefield stations involving (an) extension of Bengaluru Metro, it had been decided to drop the quadrupling project considering its non-viability,” noted a Press Information Bureau statement.

Finally, it has got a fresh lease of life, giving thousands of commuters, mostly IT professionals, who commute from the City to Whitefield, a reason to rejoice. The project is expected to be completed in two to three years. Commuters are looking forward to a more comfortable travelling experience once the two lines are added. The officials have modified the proposal by limiting this project to the Cantonment-Whitefield line. This is because the railways have land in this section.

“One track will be built on either side of the existing two lines. The project will be taken up immediately and (is) planned to be completed within a period of two or three years. It will be a boon to the local public of Bengaluru, especially belonging to the IT hub of Whitefield area,” the Ministry said.

Baiyyappanahalli Railway Station

Due to the massive traffic snarls on Whitefield Main Road and Old Madras Road because of metro work, commuters have been demanding more trains on the Baiyappanahalli-Whitefield line for years. It soon became evident that officials were helpless running additional trains during peak hours, as intercity trains also had to be accommodated. The route sees around 30 trains on an average every day. However, it is time to rejoice as more trains will be added soon. Over these last few months, the suburban rail project has also gained steam.

It received its biggest boost in the Union Budget where a sum of INR 12,000-crore was announced. In order to increase carrying capacity, the railways are looking to fully automate signalling on this route within the month of July. This system will reduce the headway, which is the distance between two trains on a single track. It is expected to double the route capacity. Currently, a train gets the green signal only when the track is clear for the next 25 kilometres. The quadrupling will likely benefit 62,000 daily commuters. Work will begin immediately though finding land could be a problem.

Increase in demand for residential projects

Data Shows Increased Confidence In Home Buyers

Indians are investing a lot in real estate. If we consider the years 2016-17, approximately 244,830 residential apartments were sold. The cumulative new launches during the same period across the top seven Indian cities were 233,387 units. These figures, presented by the international real estate consultancy firm JLL India, proves that more and more apartments are being sold in our country. During this period in consideration, except the second half of 2017, the number of units launched was outstripped by overall unit sales by five per cent. The second half of 2017 saw the launch of a number of new units.

What we could derive from the data was that the sales velocity in the last eight quarters saw a stable upward trend. What uplifted the market was the “pent-up end-user demand,” as described by DNA India, which could have been the result of a certain observed stability in residential capital prices. The units launched in the second half of last year are witnessing good off take. Once the Jan-Mar 2018 results are out, we would see the difference in sales figures. Interestingly, the latter half of 2017 also saw many states implementing RERA. This could mean that the fresh supply of units was because of the lag effects of RERA.

According to CEO and Country Head of JLL India, Ramesh Nair, the time is ripe for fence-sitters, investors and end-users to enter the residential market because prices have been stable for a certain period now. The continuous stability in capital values has been the result of demand and supply market dynamics periodically outstripping one another. Residential property buyers must now take advantage of the decade-low lending rates from banks. The rates were reduced significantly in 2015. Hence, home buyers can easily service their EMIs. As the RERA mechanism stabilized across the country, the number of launches went up.

PAN India ResidentialNew LaunchesUnits Sold% of demand to supply
1Q1642,02542,547101%
2Q1634,58537,650109%
3Q1629,62539,696134%
4Q1622,87728,065123%
2Q1720,50224,362119%
3Q1723,37021,53292%
4Q1734,83423,88869%
TOTAL233,387244,830105

This also proves that there is increased confidence in the market, which is highly beneficial for the future potential demand. This is also a good indicator of the strengthening of compliance standards, governance and transparency by developers. This controlled real estate eco-system, brought about by RERA, has been beneficial for both buyers and developers.

Khati Roll Feature Image

Best Rolls to Munch in Whitefield!

If you have tasted the classic Indian Kathi Roll once, the experience will be forever etched in your memory.  The craving for those juicy filling wrapped in parathas is too much to let go. As the saying goes – once a Kathi roll fan always a Kathi roll fan. Even though Kolkata comes to one’s mind first when thinking of Kathi rolls, Whitefield in Bengaluru also has some drooling roll joints to satisfy your craving for this classic wonder. If you are already a fan, you have surely seen them being made. You can stare at the rolls being made with greed as the hot treat is wrapped in paper and handed over to you.Garlic Chicken

If you are looking for hot Kathi rolls in Whitefield, you may not see hundreds of counters offering the delicacy as you see in Kolkata. However, the ones that are there are worth every bit of your penny. In its original form, this street food is basically a skewered roast kebab that is wrapped in paratha bread. Over the years, the delicacy has evolved and is now available in many variants. Today, any wrap with a filling and enfolded in an Indian flatbread is considered Kathi roll. But this is not the authentic one. Even though the history of these rolls goes back to the year 1932, the word “Kathi” was used much later.

Kathi Roll – Short History & Method of Preparing

Kathi Roll There are many versions as to how these rolls came into being. Some suggest that the British were too fastidious to touch the kebab and the paratha. Hence, they preferred to have the two rolled and wrapped in paper. Another version states that rolls were made to aid office-goers to grab a quick bite while they hurried towards their workplace. Whatever may be the real reason, it was the Nizam restaurant in Kolkata who is credited with this drool-worthy creation. While the Kathi roll enjoys widespread popularity in India as well as the US, Bengaluru especially has a liking for the Indian roll. It is evident by the number of food joints offering the item.

Originally, the Kathi roll was prepared using iron skewers, especially to make the kebabs. Today, many use bamboo skewers as they are lightweight and available in large numbers. Modern restaurants also use grillers. The best part about this delicacy is that it’s very versatile and can be customised as per the tastes of a particular region. The paratha is dough kneaded into a rope and then coiled into a round patty. It is flattened using a rolling pin and partially in oil on a tawa (griddle). You can also crack an egg on the tawa and put the paratha on top. The kebabs are then tossed with chillies and onions and put in a line on the paratha.Kathi Roll

Some like to apply various sauces, a squeeze of lime or a dash of vinegar and chaat masala. The whole thing is then rolled up in a paper. The paper usually covers only half the roll. As this is a highly customisable dish, vegetarians put potato, paneer, mixed vegetables in place of the chicken or mutton kebabs. In Whitefield, you get to try all kinds of variants of the popular Indian roll. Here, we will be discussing the top food joints that offer this foodies’ delight.

Khan Saheb

Address: No. 3/3, 3/4, Whitefield Main Road, Next to Karthik Sweets, Opposite Axis Bank, Bengaluru, Karnataka – 560066

Timings: Monday – Sunday (12.30 pm to 10.30 pm)

Contact: 8880121121, 9900941111, 7022293333

E-mail: orders@khansaheb.co

One must try thKathi Roll eir Kathi/whole wheat rolls. They have quite an admirable platter. All the rolls are available in regular and double offerings. The non-vegetarian rolls include egg roll, Chicken Tikka Roll, Chicken Reshmi Tikka Roll, Chicken Shahi Tikka Roll, Chicken Kali Mirch Tikka Roll, Chicken Malai Tikka Roll, Chicken Malai Mushroom Roll, Chichen Bhuna Roll, Chicken Keema Roll, Chicken Seekh Roll, Butter Chicken Roll, Mutton Kebab Roll, Mutton Keema Roll, Mutton Seekh Roll, Tandoor Prawn Roll, Chicken Malai Kebab Roll and Khan Saheb Special Roll.

Their vegetarian offering includes Aloo Tikka Roll, Grilled Babycorn Roll, Grilled Mushroom Roll, Paneer Tikka Roll, Paneer Kali Mirch Roll, Paneer Aloo Roll, Paneer Babycorn Roll, Paneer Mushroom Roll, Aloo Mushroom Roll, Aloo Babycorn Roll, Mushroom Babycorn Roll and Mixed Veg Tikka Roll. As is evident, your Indian roll hunger pangs will be satisfied here.

Rolls Mania

Address: 3rd Floor, Park Square Mall, ITPL Main Road, Whitefield, Bengaluru, Karnataka 560066

Timings: Monday – Sunday (11 am to 10 pm)

Contact: 080957 50008

E-mail: N.A.

Kathi Roll

Their menu itself is so attractive that you will feel like having all the items included in it. Rolls Mania has divided their rolls menu into Daily Bites, King-Size Bites, Fusion Bites, Regular Bites and Spicy Delight. There are accompaniments and add-ons too. You can choose from their Aloo Fry Roll, Aloo Chilly Roll, Mix Veg Roll, Egg Omelette Roll and Double Egg Omelette Roll items under their Daily Bites menu. Their King-Size Bites menu includes Paneer Cheese Masala Roll, Double Omelette Chicken Roll, Double Chicken Roll, Double Chicken Omelette Roll and Double Omelette Double Chicken Roll.

You may have Veg Cheese Roll, Veg Paneer Roll, Aloo Cheese Roll, Cheesy Corn Roll, Paneer Mayonnaise Roll, Paneer Mughlai Roll, Chicken Mayonnaise Roll, Chicken Mughlai Roll or Chicken Cheese Roll listed under their Fusion Bites. The Regular Bites include Paneer Masala Roll, Mushroom Masala Roll, Paneer Hot Garlic Roll, Paneer Hariyali Roll, Cheese Masala Roll, Veg Kheema Roll, Chicken Kheema Roll, Chicken Hariyali Roll, Chicken Hot Garlic Roll and Chicken Fry Roll.

Finally, their Spicy Delight list includes Paneer Chilly Roll, Chicken Chilly Roll, Mushroom Chilly Roll, Butter Pepper Chicken Roll, Cheese Chilly Manchurian Roll, Tangy Chicken Roll, Tangy Paneer Roll, Chicken Bhuna Roll, Butter Pepper Paneer Roll and Paneer Bhuna Roll.

Rolls On Wheels

Address: 54, Ground Floor, The Planet, Opposite Hindustan Unilever, ROW Whitefield – Food World Outlet, Whitefield Main Road, Bengaluru, Karnataka – 560066

Timings: Monday – Sunday (11 am to 10 pm)

Contact: +91 80881 12222

E-mail: info@jaikaventures.com

This BengKathi Roll aluru-based brand is a recent innovative new venture. It has been designed to address the needs of modern India. The food chain is owned by Jaika Hospitality Ventures Pvt Ltd. Their rolls are a delicacy in Whitefield. Vegetarians may indulge in their Aloo Tikiya Roll, Cheese Roll, Mixed Veg Roll, Tawa Paneer Roll, Chilli Paneer Roll, Chilli Mushroom Roll and Spicy Baby Corn Roll. The non-vegetarian delights include Egg Roll, Chicken Tawa Fried Roll, Chicken Kaati Kebab, Chicken Tikka Roll, Chicken Manchurian Roll, Chicken Garlic Kebab, Chicken Hot N Sour Roll, Chicken Pepper Roll and Chicken Spicy Roll.

Kapoor’s Punjabi Rolls

Address: Near Thubarahalli Bus Stop, Inside Gurukul Compound, Thubarahalli, Whitefield, Bengaluru, Karnataka – 560066

Timings: Monday – Sunday (10.30 am to 10.30 pm)

Contact: N.A.

E-mail: N.A.

Kapoor's Punjabi RollsThis is a purely vegetarian food joint. Their menu includes Aloo Matar Roll, Aloo Gobhi Matar Roll, Veg Keema Roll, Bhindi Masala Roll, Baigan Bharta Roll, Arvi Masala Roll, Kala Channa Roll, Mushroom Achari Roll and Paneer Achari Roll.

ice-cream-parlours-in-whitefield

Ice Cream Parlours In Whitefield: Slurp Your Way To Heaven!

ICE CREAM. Need we say more? To many, these frozen delights are more sinful than the world’s best of foods. Mouth-watering, lip-smacking… we use all these in describing these delectable, magical creations! When you have the cravings, oh it’s bad!

Here we have put up a list of the best ice cream parlours in Whitefield… to make you crave for them more. Evil intentions, right? Haha… read on!

polar bearPolar Bear Ice Cream

There are a number of Polar Bear Ice Cream shops in Whitefield including the popular ones in KIADB Export Promotion Industrial Area food court on ITPB Main Road, Cool Junction – Accenture in E.F.A Tech Park and Divyashree Techno Park, EPIP Zone. Go for their Scoops, Bar Sundaes, Kids’ Sundaes, Waffle Sundaes, Crepe Sundaes, Fundaes, Ice Cream Pizzas, Faloodas and Fruit Sundaes. Ever wondered what happiness tastes like? Be at Polar Bear.

Cold Stone Creamery

It’s located in the EPIP Zone, near the BMTC Bus Depot. Among their top favourites are the Apple Pie, Chocolate Devotion, Thick Shakes, Pomegranate Sorbet, Cheesecake Ice Cream and Banana Caramel. Their Signature Creations menu includes French Vanilla Ice Cream, Sweet Cream Ice Cream, Cheesecake Ice Cream, Strawberry Ice Cream, Mint Ice Cream, Coffee Ice Cream, Chocolate Ice Cream and Cake Batter Ice Cream. These super-quality premium ice creams will freshen you up any time of the day.

Baskin RobbinsBaskinrobbins

Everyone knows Baskin Robbins. It is the largest ice cream chain in India and is perhaps the most loved ice cream brand. Once you are inside the world of Baskin Robbins, it is very difficult to control your “desserty” sins. In Whitefield, you can be a part of this world in Sterling Suites on the Whitefield Main Road, SJR iPark (opposite Satya Sai Baba Hospital), EPIP Phase 2 and in Prestige Shantiniketan Clubhouse, near ITPL. There is also one in Brookefields, near CMRIT. Choose among their Sundaes, Scoops, Thick Milkshakes, Ice Cream Cakes and Home Packs.

Corner HouseCornerhouse Ice Creams

Many call it Bengaluru’s old school ice cream parlour. Corner House has its own fan following. You can also find one on the ITPL Main Road in Pattandur Agrahara. If you are in love with Vanilla, you will love their Vanilla Combinations. The combinations are with coffee sauce, butterscotch sauce, mint sauce and strawberry sauce. Their fruit salads are also a craze, available with jelly and ice cream. You may also have their Cake Desserts, Sundaes, Fruit Sundaes, Signature Sundaes, Classic Thick Shakes, and Milk Shakes and choose from a wide range of flavours.

Thanco’s Natural Ice Creamthancos

When you have Thanco’s Natural, you will surely feel its freshness. Thanco has given special attention to the stores’ look and feel. It makes you have more! From their Sundaes to Stones, every lick feels special. You can try their Fruit Ice Creams, Dry Fruit Ice Creams, Chocolate Ice Creams and Sugar-Free Ice Creams. They have a large list of Sundaes and Stones. They have an outlet in near Adyar Ananda Bhavan, Hope Farm Circle.

Gelato ItalianoGelato Italiano

There are a few outlets in Whitefield, one in Phoenix Market City Mall, one in Inorbit Mall and another in Ascendas Park Square Mall. Their specialities include Swiss Chocolate, Limoncello Ice, New York Cheesecake, Choco Crunch, Madagascar Fine Chocolate, Yoghurt Wildberry and Royal Kulfi.

Ibacoibaco

There’s one on the second floor of Phoenix Market City. You will fall in love with their Ice Cream Cakes and Brownies. Choose from their mouth-watering toppings, sauces and flavours. Do not forget to try their Signature Cones. If you want to be adventurous about your ice cream licking journey, Ibaco allows you to make your own ice cream bar. Their Bean Vanilla, Butterscotch, Mango & Lychee and Black Currant & Strawberry bars are also lip-smacking.

Cream & Fudgecreamandfudge

The store is located on the second floor of Phoenix Market City. With raging reviews and an eye-catching menu, Cream & Fudge is quickly becoming a favourite among those living in Whitefield. It offers premium creamy and smooth ice creams. You may select your favourite flavours. The ice cream will be hand-folded on a frozen marble stone. You can top them up with fruits, nuts, fudges and candies. The store also has its own signature creations of Classique Creation, Royal Creation and Marble Creation.

Milano Ice Creammilano-ice-cream

This one’s actually in Indiranagar but worth a visit! It’s at the 2nd Cross, Shri Krishna Temple Road, 1st Stage. Their must-tries include Vanilla Gelato, Tiramisu, Apple Pie, Gelato Ice Cream, Ice Cream Sandwiches, Chocolate Sundae and Chocolate Truffle. Served with Italian love and crafted by hand, their Sweet Crepes can fill your appetite with the authentic sweet taste of French Crepes. You get a topping of a scoop of rich, creamy Gelato. Get the combo right with some Nutella sauce or honey or jam. You must also try their Luscious Sundaes, served with a free topping of velvety, whipped cream, and their 100 per cent fresh Italian Gelato ice creams.

StonerStoner

It’s known for their Stone Ice Creams! Their journey started in 2014 with the dream of opening a cosmopolitan café that will be a perfect setting for long, tireless conversations. They wanted to challenge the coffee cliché and they challenged well. One of them is located in Azeem’s Gold Building and the other on Whitefield Main Rd, Dodsworth Layout. You can’t miss their Stoner’s Specials. They have a whole range of Chocolate, Nuts, Fruits and Kids-based ice creams.

Frankly, this list of ice cream parlours in Whitefield is never-ending and ever-expanding. Other must-try parlours include Mist n Creams, Ice Cream Works, Creamiester and Frozen Junction. If we have missed some of your favourites, do add them in the comments section below.

NRI-Real-estate-investments

Why A Large Number Of HNIs & NRIs Are Investing In Bengaluru Real Estate?

High Networth Individuals (HNIs) and Non-Resident Indians (NRIs) prefer to make real estate investments in India’s metropolitan cities. The metros are the preferred realty destinations for this category as the returns are high and there is advanced social and economic infrastructure that makes investments profitable. Moreover, searching for properties is easier in metros because of the presence of various property management services that take care of every aspect of home searching/buying on behalf of the person thousands of miles away from India. Interestingly, Bengaluru is a top choice for HNIs and NRIs. It is the most desirable city for them.

 

Out of the many reasons that have made Bengaluru the preferred choice for HNIs and NRIs, the growth of the IT sector is a significant one. The city is home to a large number of IT giants such as Oracle, Microsoft and Google. Due to their presence along with numerous others, Bengaluru has quickly become the land of opportunities. This has played a crucial role in boosting real estate growth in Bengaluru. If you compare other asset categories, the real estate sector in Bengaluru is the least volatile. Hence, it offers maximum confidence to big investors. Added to that, the cosmopolitan culture is a major draw.

 

Moreover, the real estate growth in Bengaluru has witnessed a steady appreciation in property prices. Due to the presence of low-interest rates, HNIs and NRIs can generate fund locally, made easy by the short to medium-term returns on investments. Both investors and end-users find Bengaluru rapid infrastructural development and hassle-free connectivity impressive. While affordable housing is set to gain widespread popularity across the nation, the luxury housing segment is still the most dynamic and vibrant segment in Bengaluru. These premium properties enjoy well-developed social infrastructure, proximity to IT hubs, top educational centres and world-class healthcare facilities.

 

The budget range depends a lot on the areas an HNI or NRI is selecting. Areas such as Whitefield, Sarjapur Road, Kanakpura Road, Kengeri and Nallurgalli are favoured most by first-time home buyers. Luxury properties in north Bengaluru are highly favoured by the NRIs and HNIs, though these areas are not located centrally. Again, the robust infrastructural developments, excellent connectivity and easy access to the international airport have proved to be the game-changers for Bengaluru. Malleswaram, Sadashivanagar, Shanthala Nagar, RMV Extension and Rajajinagar have a massive stock of luxury properties.

 

The real estate market in Bengaluru is seeing a tremendous rise in urban population because of the demand from the IT sector. Flats are the most supplied property type with 59 percent availability. Plots and independent houses are the other two areas where buyers are finding good options. Young IT professionals prefer apartments as the availability of land is a problem and rates are on the higher side. However, the premium section of home buyers, the NRIs and HNIs, often face a dilemma when choosing properties. Even if they have the knowledge of budget, they hardly have the knowledge about the supply in particular areas of the city.

 

NRI investments in real estate are primarily driven by long-term fundamentals, such as emotional connect, better returns and yield on investments, safeguarding retirement plans and depreciation in rupees’ value. The introduction of RERA has also been a major boost as NRI and HNI investors are investing in luxury apartments with renewed confidence. The transparency brought in by RERA and Bengaluru developers’ performance in delivering as promised have made property buying for HNIs and NRIs easier and hassle-free. Investment enquiries from this premium segment have started going up.

Home Buyers

Why Home Buyers Are Going For Ready-To-Move-In Properties

Home buyers are increasingly looking to purchase ready-to-move-in or OC-ready properties rather than going for properties that are under construction. Today, properties are required on an immediate basis. Experts believe there are good reasons for this trend.

  • Differences in cost

    The primary reason for the massive spurt in demand for ready-to-move-in properties is that developers are offering attractive prices, deals, freebies and discounts. The Indian real estate sector has gone through a frightfully downward phase in the last couple of years. This acted as a speed-breaker on new property launches, higher unsold inventories and price reductions. The market is improving but these dynamics are still at play. This is why home buyers are not ready to wait for properties to get completed. There are a number of options, and they are taking full advantage of the situation. Prices of properties will again increase. Hence, it is best to make use of this time when prices are low.

  • Why pay double?

    When a home buyer invests in an under-construction property, he/she must bear the loan expenses as well as pay the rent of the current accommodation. Bank loans are a significant burden on one’s financial portfolio. Hence, people are ready to pay a little extra and let go off one recurring expense.

  • DelayDelivery woes

    Indian under-construction properties are infamous for delay in completion, missed timelines, and other such issues. As explained earlier, homebuyers have to pay double for accommodation – one for the UC property and the other for current living. Many a time it becomes impossible for homebuyers to bear this burden. If the UC property starts getting delayed, it could spell doom for the buyer. These problems can be bypassed easily by buying a ready-to-move-in property.

  • Lure of future moneysLure

    Typically, a real estate investor looks at a property as an asset that could bring him money in future, if and only if he/she is not purchasing the property to stay. Many invest in properties in the hope of earning rental income and finally selling off the property at an opportune moment to cash in on capital appreciation. Purchasing a ready-to-move-in property helps the investor to start this process immediately.

  • Fear of fraudulent developers This has been a big problem that has plagued Indian real estate for long. There have been many cases of fly-by-night operators promising the moon and then vanishing in thin air with the initial sum paid by home buyers. While RERA is here now to put an end to such dubious developers, it will take some time to fully come into effect. Moreover, buyers will find it tough to come out of this far of fraudulent developers. While RERA will ensure that only genuine developers remain in the market, for the time being, buyers still feel vulnerable. Hence, ready-to-move-in properties are in demand now.
  • Basic amenities for living

    Living in cities has become frightfully expensive. Buying an apartment in a prime location is not every man’s cup of tea. Hence, buyers are exploring city peripheries. A number of cheap projects are coming up in the suburbs but these areas do not always have proper supporting infrastructure. Affordable under-construction projects have to wait a long time for deployment of basic social infrastructure such as water connections, electricity, roads etc. However, it is expected that ready-to-move-in projects already have the basic amenities in place and that developers have put up such a project only after considering the infrastructure in the locality.

  • The GST impact

    OC-ready projects have become more economical for buyers after the implementation of GST. The tax burden has been reduced for buyers going for readymade properties. Now, the entire project cost, including land, is being taxed at 12 percent. This is enough for builders to claim their input credit.

Delicacies

Bengaluru Delicacies: You Can’t Say NO To These Dishes!

If you see yourself settling in Bengaluru in near future, food is going to be a major focus area. This could be due to a variety of reasons. You may be a foodie, you could have an explorer’s tongue, or you may simply want to keep kitchen time within a certain limit. If you are working, it will be hard to control your culinary desires because of the sheer number of restaurants offering “yumsome” delicacies in the city. Bengaluru is a weird mix of old and new. The food culture here is growing every day. Moreover, if you are in Bengaluru, you must try its delicacies. This highly cosmopolitan city has a huge respect for its traditional cuisine too.

Bengaluru was a sleepy old town that has transformed into a bustling metropolitan. This sudden transformation has allowed the food scene to develop. There are plenty of options, regardless of whether you are here as a tourist or as a settler. You get most of the city’s delicacies in Whitefield. This micro-market was a peaceful agricultural suburb until the IT boom in the early 2000s. Today, massive real estate projects adorn its skylines. Whitefield is a major employment hub. Thousands look to call it their home. Demand for properties is very high. It has some of the best schools, hotels, shopping malls, and of course restaurants.

Whitefield never disappoints when it comes to mouth-watering treats. Here we are going to cover some of the delicacies that are must-haves in Bengaluru. You will find most of them all in Whitefield too. Vegetarian or non-vegetarian, we Indians love our food. Food needs to be delicious to really make a lasting impact on our taste buds. We are fussy about our food choices. To us, food is more relatable emotionally regardless of whether our stomachs are empty or not. Hence, without further ado, let us drool over a few Bengaluru authentic dishes and few that have become favourites in recent times. They are too good to let go!

  • Masala DosasMasala-dosa

    Bengaluru has a variety of masala dosas, top favourites being Benne Masala Dosa and Set Dosa. The former is a thick rice pancake prepared with butter, and the latter contains three medium-sized dosas. Traditionally, masala dosas are rice pancakes smeared with red chilli chutney and stuffed with potato curry. It is the household food of southern India. In Bengaluru, people make it a point to visit its iconic breakfast spot CTR for its signature benne dosas. It is not the Tamil-style thin dosas but typically Kannadiga. CTR serves the dosas only with chutneys and not with sambhar.

    Whitefield has its fair share of masala dosa joints, some of the notable ones being InnerChef, M Cafe in Bengaluru Marriott Hotel in Whitefield, Mavalli Tiffin Room (popularly known as MTR), By The Way, Adyar Ananda Bhavan (A2B), Udupi Grand, and many more. Having a masala dosa in Whitefield is not tough at all. In fact, you will find it hard to set your mind on one.

  • Bisi Bele BathBisi Bele Bath

    It literally translates to hot lentil rice and is a rice-bashed dish originating in the state of Karnataka. The traditional preparation is pretty elaborate. You need a lot of vegetables, toor dal, and spicy masala to get the dish going. The dish gets its taste from the cocktail of spices, which involves tamarind pulp, curry leaves, asafoetida, and nutmeg. The authentic ones are prepared using up to 30 ingredients. Bisi Bele Bath is commonly served in the Udupi restaurants that are widely popular in Bengaluru. The dish is served hot with potato chips, papad, salad, boondi, or chatni. The Mavalli Tiffin Room (MTR) in Whitefield serves good Bisi Bele Bath.

  • Rava IdliRava Idli

    Idli is a popular breakfast food prepared using savoury rice cake. A batter is created using fermented rice lentils and rice. Then it is steamed. Rava Idli is a variation of the popular Idli and is made with semolina. You will taste great Rava Dosas in the Udupi restaurants scattered all around Bengaluru. Apart from Mavalli Tiffin Room (MTR), Kamat Yatrinivas, Mr Idli, and New Udupi Delicacy also serve the dish in Whitefield.

  • Khara BhathKhara Bhath

    This is yet another insanely popular breakfast item of Karnataka. The dish is prepared with Semolina/Sooji/Upma Rava cooked in lots of ghee and oil and with vegetables and spices. It is also known as Chow Chow Bath in Bengaluru. Brahmin’s Coffee Bar is the most-favoured destination for Khara Bhath along with the Udupi restaurants.

  • Filter CoffeeFilter Coffee

    You can call it the Bangalore Coffee. You can enjoy them everywhere in the city. But the most popular names serving the steaming kaapi are Brahmin’s Coffee Bar in Basavanagudi, Airlines Hotel in Lavelle Road, Indian Coffee House in Church Street, MTR – Mavalli Tiffin Room, Maiyas in Jayanagar, Kalmane Koffees and Hatti Kaapi in Koramangala, Janatha Hotel, Hallimane, Raghavendra Stores and Central Tiffin Room in Malleshwaram, and Vidhyarthi Bhavan in Basavanagudi.

  • Khova NaanKhova Naan

    When in Bengaluru, you must try the Khova Naan. This is a specialty of Bengaluru bakeries. The naan is prepared with plums, cashew, sugar, and coconut. The mixture is roasted and fried, and then stuffed in the naan made of maida. Al – Bilal Bakery and Albert Bakery are hotspots for this item.

  • SamosaSamosa

    India without samosa is unthinkable. Bengaluru has a very strong samosa-eating culture. You will be surprised by the variety of samosas available here. You get onion samosas, keema samosas, aloo samosas and what not! It is a staple of school and college students. In Whitefield, you can try various samosas in Inorbit Mall, Samosa Party, Kapoor’s Cafe, Whitefield Social, Samosa Kachori and Jilebi Shop, Om Sai Samosa Corner, Kesar, Refresh, Gowri Gajanand Sweet, The Square Table Restaurant, The Whitefield Diner Restaurant, 153 Biere Street, and Windmills Craftworks.

  • Semiya PayasamSemiya Payasam

    The Semiya Payasam is a kheer made of vermicelli. A lot of milk and sugar is used to prepare this recipe. You will find this sweet dish in almost every traditional household of Bengaluru. You can also try it in Whitefield in the Mavalli Tiffin Room, Southern Spice, and also in Tiffin Room – Holiday Inn & Suites.

    Point of Interest: You should also try Semiyan, which is very much like steamed idli and made from rice flour. It is best had with Pathar Gosht or Paya. More on the two later.

  • Rice KheerRice Kheer

    Rice kheer or Akki payasa, also known as Pal Payasa, is prepared with rice, whole milk and a touch of saffron. There are various ways to make this sweet dish and people use other ingredients too. You can have Rice Kheer in Whitefield in The Square Table, Ji Hazoor, Kapoor’s Cafe, Marigold Fine Dine Restaurant, and in M Cafe – Bengaluru Marriott Hotel Whitefield. Rice Kheer is known by different names in different parts of India.

  • Mysore PakMysore Pak

    Even though this sweet is not Bengaluru’s claim to fame, and originally originated in Mysore, Bengaluru is a hot hub for the sweet. The sweet has a golden hue and essentially consists of three ingredients – sugar, chickpea flour, and ghee. The sweet gets its name from “paka” – the local word for sugar syrup. Pulla Reddy Sweets and A2B – Adyar Ananda Bhavan offer Mysore Pak in Whitefield. But the legendary sweet shops that sell the best Mysore Pak in Bengaluru are Anand Sweets, Gundappa Sweets, Sri Venkateswara Sweetmeat Stall, Kanti Sweets, and Sri Krishna Sweets.

  • ParathasParathas

    Parathas are a hot favourite in the whole of India. Bengaluru too offers some delicious parathas, especially the coin paratha. The Permit Room and the Empire Hotel are hot favourites when it comes to coin parathas with a twist. Coin parathas are basically layered parathas made using egg, maida (Indian wheat flour), and cooking oil. Have these parathas with Ghee Roast Chicken. You may not find the name “Coin Paratha” on restaurant menus in Whitefield. Do ask the restaurant before taking your seat.

  • Anda-Kheema RotiAnda-Kheema Roti

    If you want to have wheat roti prepared with beaten egg and stuffed with spicy minced meat, you should head straight to Frazer Town. Whitefield may not be the right place to taste the authentic Anda-Kheema Roti. However, you will also find a number of stalls in City Market and Shivajinagar offering Anda-Kheema Roti.

  • Pathar Ka GoshtPathar Ka Gosht

    This is an authentic Hyderabadi cuisine that has become a top favourite among Bengaluru foodies. A big stone slab is placed on top of the coal fire and shredded mutton is fried on the slab. It is a very time-taking process and fire needs to burn from evening till night. The slab of stone takes more than two hours to heat up. Ji Hazoor in Whitefield is pretty popular for this Hyderabadi delicacy. But Bengaluru has a number of options. Sharief Bhai and Empire Restaurant in Koramangala, 612 East in Indiranagar, Chichaba’s Taj in Frazer Town, Bademiyan Kebabs in Orion Mall, Citrus – The Leela Palace in Old Airport Road, and Kava – Fairfield by Marriott in Rajajinagar all serve this dish.

  • PayaPaya

    This is yet another time-taking dish where lamb legs are roasted and cooked in a lot of spices. The dish takes more than four hours to prepare. It is best had with Semiyan. You can have Mutton Paya and Paya Shorba in Ji Hazoor and Terracotta – Vivanta By Taj in Whitefield. Koramangala has a lot of options. Some of them are Punjab Grill, Sharief Bhai, Sulemani Chichas, Paradise, and Anjappar. Barbeque City in KR Puram, Karama Restaurant in Frazer Town, Ranganna Military Hotel in Jayanagar, Kritunga Restaurant in Electronic City, Cubbon Pavilion – ITC Gardenia, Chinnaswamy Naidu Biriyani, Mughal Treat and Rashtrakutas in HSR, Tandoori Taal in Indiranagar, and Hotel Little Imperial in Kalyan Nagar are your other options.

    Point of Interest: Also try Bengaluru’s Kadi Gosht – pierced chicken breast pasted with masala and deep-fried.

  • Bangalore Dum BiriyaniBiriyani

    Yet another insanely popular dish in India, if not the most popular, Biriani is a world-favourite. The Bangalore Biryani is prepared using Basmati rice and succulent, tender goat meat or chicken, steamed in spices. Unlike Kolkata Biryani, there is no potato. You will find a number of restaurants offering Biryani in Whitefield. Some of the mentionable names are Biryani Zone, Ammi’s Biryani, Green Hyderabadi Biryani House, Pot Biryani ITPL, Kolkata Biryani Whitefield, Biryani Kitchen, Chinnaswamy Naidu Biryani, Mani’s Dum Biryani etc.

  • TeetarTeetar

    This is a big hit among the city’s foodies. If you are a non-vegetarian, you should try Teetar in Bengaluru. Bird meat (partridge) is marinated in curd and ginger-garlic paste. It is then fried in refined oil. There are a few food joints on the Bengaluru-Mysore road that draws huge crowds for Teetar. Whitefield may not be the ideal place to hunt for Teetar Fry. Try Sharief Bhai in Koramangala, the Imperial Restaurant and Chichaba’s Taj in Frazer Town, and the Hotel Palace in HSR.

    According to an October 2017 article by NDTV Food, Apple Pie at The Only Place, Andouille Sausage and Soft Eggs on Sourdough Toast at Toast & Tonic, Beer and Nachos at Windmills Craftswork, Char Siu Bao at the Fatty Bao, Pasta at Toscano, Seafood at Karavalli, and local meals at Vidhyarthi Bhavan are also must-try dishes of Bengaluru. These are modern dishes that have become very popular in recent times. Hundreds of restaurants are opening every day in Bengaluru. It is next to impossible to really keep a track of all the mouth-watering treats they are preparing in their kitchens, unless and until you start exploring.

    Must-Reads: How’s Arabian Food In Whitefield? Let’s Find Out… Nothing Like A Hot Cuppa! Whitefield’s Top Cafes That Are Must-Visits Whitefield Restaurants Every Food Lover Must Visit

RealEstate Bangalore

Affordable Housing & Ready-To-Move-In Properties Could Be The Showstoppers Of 2018

In terms of real estate, Bengaluru has mostly remained a buyer-driven market. The city has adapted itself to the changing market dynamics. Developers in Bengaluru have gone ahead with or restricted new launches. They have been very realistic about the absorption potential of the market. Now that the Budget 2018 is out, the city’s developers will primarily focus on clearing up existing stock rather than adding new ones. Homebuyers who are looking for ready-to-move-in property below the INR 80 lac mark will be spoilt for choice. This is true for all metros of India.

The market is still favouring buyers, as developers are in a hurry to sell-off existing stock. Homebuyers can avail great discounts, more amenities, and reasonable prices for properties. In such a market, going for ready-to-move-in properties makes sense. There is no execution delay, buyers can relocate immediately and save on additional rent, attractive pricing (as already stated), and finally, what you see is what you get. There are no major heartbreaks. You explore, find the one suiting your needs, and you book. Years 2016 and 2017 have seen major disruptive structural changes in the form of demonetisation, RERA, and GST.

As the New Year has started off on the right note, and all experts are of the opinion that the market is headed towards the right direction, ready-to-move-in properties are the flavour of the season. There is increased transparency and developers have embraced RERA. However, many believe that had this year’s budget favoured the middle-class more, the sector would have picked up like never before. Well, opinions do vary. The major takeaway here is that this is the right time to invest in property. You will get more for less. Currently, the urbanisation rate is more than 30 percent, and is poised to touch 40 percent by 2030.

This rate is proof enough that the real estate market in India is set for a major takeoff. The Union Budget 2018 has been more of a balanced one. But it is hard to say that it has been a boon for the real estate sector. There will be minimal direct impact on the industry. Knight Frank India’s Chairman and Managing Director, Shishir Baijal, said that the sector is bereft of any meaningful interventions that could have been achieved through the budget. Due to a lack of changes in direct measures and Income Tax slabs that could have influenced the sector, the demand-supply dynamic has remained more or less unchanged.

However, experts are expecting some strengthening in the affordable housing category. This segment looks like a good bet now after the Union Budget 2018. More focus on smart city projects will further boost real estate activities. A dedicated Affordable Housing Fund (AHF) has been setup in National Housing Bank. This will provide further impetus to the development of affordable housing. In fact, this fund will also major real estate companies to delve into the affordable housing segment, as they will consider this a viable business opportunity. In fact, there may also be an improvement in secondary market transactions.

Due to demonetisation, there was absence of liquidity and the market was in a lot of turmoil. In major cities, the circle rates had gone past market rates. This resulted in a gap between the two rates. But the budget has been a relief as it has allowed up to a five percent gap between the two.

RealEstate Bangalore

Affordable Housing Segment To Give Major Boost To Real Estate Sector In 2018

Bengaluru has been an important hub for the real estate sector in India. With an ever-increasing number of people choosing to make this city their home, the demand for affordable housing is only getting better and better. Recently, experts have revealed that this segment will continue to drive the real estate sector in 2018. Several institutional funds and developers are eyeing this segment in the hope of better returns. Not only the end-user demand but also the various government incentives are making sure that more and more affordable projects are taken up by developers.

The scope of business categories will be expanded by established developers. Already certain premium developers in Bengaluru as well as in India have expanded their offerings to small and efficient boutique homes for the middle-income people. This trend is expected to continue. Real estate business will soon become a standard process as the property development environment becomes more conducive to growth brought about by GST and RERA implementation. With RERA bringing more transparency in the sector, homebuyers are again looking at real estate in a more positive light.

Timely delivery of projects and the promise of legal protection of investments have instilled fresh confidence in buyers. Speaking of India, the top eight cities launched 74,000 new residential units, a decline of 35 percent. Only the affordable housing segment saw a rise in 2017. This segment saw a year-on-year growth of six percent.

“2017 was a precursor to the much-needed stability of the residential market as seen in the nature of launches, which was led by affordable housing. The sector is likely to continue realigning itself to end users’ demands well into 2018,” MD of India Cushman & Wakefield, Anshul Jain, told The Economic Times.

Realty sales in 2018 will receive the much-needed boost from affordable housing because of Pradhan Mantri Awas Yojana (PMAY) and low interest rates. Even though GST and RERA made developers grapple over their business, the government made its stand very clear on affordable housing. The cash flow rate of affordable projects is much higher than traditional real estate. This is because units are generally sold out way before they are constructed.

“This translates into better risk adjusted returns for investors. It is possible to realise over 20% internal rate of returns (IRR) consistently across market cycles,” said Brick Eagle CEO, Rajesh Krishnan.

The Housing For All 2022 program is expected to create more than two million jobs yearly, construct 60 million new houses, and boost the economy by more than US$1.3 trillion.