Welcome to CELTEM Infra

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.


Market Trends

  • While the Outer Ring Road (ORR) has dramatically altered the development landscape in the north, east and south Bengaluru, in the west, it has helped connect the primarily industrial regions as well as the peripheral areas. This has led to a gradual residential spread over the years in the belt connecting Hebbal with Tumkur Road. The setup of the international airport has further aided development in the north-west towards Tumkur Road, thanks to comparatively lower rates and availability of land parcels too. The north-west section of the ORR, from Hebbal to Tumkur Road, covers the areas Lottegollahalli, BEL Circle, Jalahalli, MS Ramaiah Road, Yeshwanthpur, Peenya, Chokkasandra, Vidyanagar, T Dasarahalli, Bagalakunte, Anchepalya and Nagasandra. This stretch of the ORR is densely populated and has traditionally been the primary industrial hub of the city . Srinivasa Reddy, Associate Director Research and Real Estate Intelligence Services, JLL India, gives a snapshot of the region. “At present, this section of the ORR is surrounded by vacant land parcels and is predominantly an industrial area dominated by warehousing and industrial activity.These industries comprise large public sector units and various small-scale industries.There are no graded major operational commercialoffice buildings in this stretch of the ORR. The commercial base in the surroundings has been predominantly government offices, training institutes, small industries, and warehouses.“ Easy access brings locations closer This location witnessed an influx of large domestic and multinational industrial entities. The elevated flyover over Tumkur Road leading up to Nelamangala considerably re. duced commuting time to the key business districts and also l provides easy access to the Nice , Road and the ORR. Travel time f to major arterial roads such as Hosur Road, Bellary Road and Mysore Road has also reduced s significantly .l Srinivasa Reddy says, “Locations in this belt are con. nected well to schools, hospi tals, malls and workplaces on the ORR as well. The improved . connectivity will lead to increase in residential property values in the future. The up coming residential projects here will attract buyers from the immediate surroundings due to improvement in the sol cial infrastructure.“ The Green Line of the Metro, going up to BIEC, will further promote connectivity in this region. “After the completion of the underpass at CNR Rao Circle, it takes just 20-30 minutes to reach Yeshwanthpur from M G r Road as opposed to an hour ear lier,“ says Shabeer Sait, Exec utive Head of Operations, Irshad's Property Matters. Locations in focus Srinivasa Reddy says, “The availability of land parcels at relatively cheaper prices, improved connectivity, proximity to the airport and workplaces in Bengaluru north to prominent tech parks and availability of residential options at relatively cheaper price points compared to other locations are driving the real estate growth in this location.“ Shabeer Sait adds, “Some of the prominent locations between Hebbal and Tumkur Road are Byatarayanapura, Jalahalli and Yeshwanthpur.Presently , the areas in this belt are still primarily industrial areas with not much commercial activity. Once this stretch is also made signal-free in future, it will boost connectivity and development in this region.“ According to research by Irshad's Property Matters, off Tumkur Road, the average unit size for a two-bedroom apartment is between 1,200-1,400 sqft and between 1,600-1,800 sqft for a three-bedroom apartment.Prices are in the range of Rs 5,000-5,500 per sqft. Srinivasa Reddy says, “With an attractive investment proposition in the medium to long terms, the housing sector is likely to perform better. An investor should look at four to five years as minimum invest ment horizon in residential developments in the price range of Rs 4,000-6,000 per sqft.“ Outlook According to Shabber Sait, once corporates move into the north, the west will transform into an attractive residential destination. He explains, “Many Special Economic Zones (SEZs) have been planned around the airport. Once the commercial infrastructure in the north is in place in the Information Technology Invest ment Region (ITIR), Airport City, Devanahalli Business Park and the Financial District the landscape of the west will change and it will be a premium area. We will witness significant demand for residential options from employees working in the north.“ Many mixeduse joint venture projects that have come up in the west have given a boost to demand for homes here too. Srinivasa Reddy says, “North-west ORR continues to hold immense potential for further real estate development.The land values are comparatively lower in this part of the city. The planned Peripheral Ring Road (PRR) will lead to improved connectivity and also reduce travel time required to reach different parts of the city.The travel time required to reach the airport from Tumkur Road is likely to be reduced by 50 percent once the PRR is operational. Over the long term, this micro-market is expected to perform well as it emerges as one of Bengaluru's most promising growth corridors.“

  • The upcoming Information Technology Investment Region (ITIR) in the Devanahalli-Doddaballapur region is expected to push realty in Bengaluru. Nandi Hills, which was not seeing much real estate activity, has witnessed a revival with this development. This infrastructure has brought positive changes in the locality, which has become a prime address for many who now look forward to investing in second or holiday homes here. A local broker in the area says, “Infrastructure growth has played an important role, as a number of people who wished to live in the core of the city and want second or weekend homes away from pollution and traffic but still remain connected to the city, have found a place in Nandi Hills.” What attracts buyers? “Those who bought villas here to use them as weekend homes expecting scope of appreciation in future. As the social infrastructure still needs to be put in place and with development happening, the area is expected to offer good returns in future.” Nandi Hills offers clean air and beautiful environment free from pollution and traffic. At present, land here is affordable and with realty development the area is bound to appreciate. The locality is within 30 km radius of the Bengaluru Kempegowda International Airport. It also has good roads connecting it to the main city. The cost of villas in Nandi Hills ranges from Rs 1.5-10 crore. Prices further vary as per the sizes and available amenities. Buyer’s profile The buyers in the area are industrialists, HNIs, upper-class families and NRI’s. Nandi Hills attracts investors who plan to settle down here later or garner healthy returns. Is it the right time to buy? Nandi Hills, located in North Bengaluru boasts good connectivity and is a hub of natural beauty, greenery, peace and has the right temperature. Being located close to the upcoming ITIR in Devanahalli, with proposed IT and SEZs coming up and availability of affordable land makes it a good time to buy here. “If not as first home, then buying a second home here will be good. Among all my clients, majority of the people have bought holiday homes in the area to move in later,” says Fayaz Ahmed, consultant, Crescent Investment. With major infrastructure development in the pipeline and many more physical developments expected to come up, Nandi Hills will benefit both investors and prospective buyers.

  • Most real estate markets in India, with the exception of Bangalore, remained stagnant in 2014. Sales velocity stayed low. This was due to already high prices, poor buyer sentiment, uncertainty regarding the country's economic recovery and lack of confidence in one's job prospects. Only properties that were nearing completion appreciated as buyers sought to avoid the risk of delays. Fewer new projects were launched in 2014 compared to the previous two years.While developers did not lower their rates, they reduced the size of apartments to decrease the ticket size and appeal to more buyers. The Bangalore market, however, continued to hold up because most of the projects launched there were aimed at mid-segment buyers and prices had not turned unaffordable. On a positive note, the absorption of office space in 2014 was 45% higher than in the previous year. "The increase in demand for office space indicates that the economy is on the mend. If this trend continues in 2015, it will have a positive effect on the residential market," says Sanjay Dutt, executive MD, South Asia, Cushman & Wakefield. According to a thumb rule, each 1 million sq. ft. of office space absorbed creates a demand for 8 million sq. ft. of residential space Key takeaways from 2014 One of the major takeaways from 2014 for endusers was to avoid investing in early stage projects of builders who are financially weak. As sales slowed and financing became difficult to obtain, project delays became rampant. In 2015, buyers should opt for projects that are complete or nearing completion. Investors who had bought many apartments in anticipation of flipping them found it difficult to hold on to their investments. Many were forced to exit at low or nil gains, or sometimes even at a loss. This brought home the risk of speculating and not having a sufficiently long investment horizon. Outlook for 2015 If the economic recovery continues, sales may pick up gradually in 2015. Prices may, however, not rise in the first half of the year. "If we get a good Budget and the recovery continues, I would expect prices to move up in select micro markets in the fourth quarter of 2015," says Dutt. The already high price levels and pile-up of unsold inventories in the big cities will prevent prices from appreciating immediately. Says Pankaj Kapoor, MD, Liases Foras, "Inventory levels have risen above 36 months in all the major cities, whereas efficient markets tend to have an inventory level of 8-12 months." Potential buyers should not expect a sharp correction in prices. The increase in the price of land, construction and money spent on getting approvals has left developers with little room for cutting prices. Kapoor offers yet another reason. "Builders have depended heavily on investors to sell their projects. If they sell at lower prices now, those investors will feel cheated. Some may even default on payments," he says. The current conditions offer end-users an opportunity to negotiate the best deals in terms of lower prices and better amenities. A variety of subvention schemes, which allow for deferred payment, are being offered. Make the most of them as they could be withdrawn once the market picks up. Dutt suggests buying an apartment within the next six months. "The signs of a recovery are evident. The sooner you buy, better the price you are likely to get," he says. Kapoor advises that you should buy in a market where the rental yield is higher than 3.5%. "If the yield is lower, it indicates that capital values have risen a lot already. This will limit the scope for future appreciation," he says. If you are investing in realty now, have an investment horizon of at least five years. Those with the requisite risk appetite should identify a builder who is in financial distress. If you can get together with a few friends and negotiate a bulk deal, you could get a discount as high as 20-30% from such builders.

  • With the ambitious vision of Prime Minister Narendra Modi and support of the Urban Development Ministry in transforming new and existing cities as ‘Smart Cities’, Bengaluru is also making efforts to become one. The concept of smart cities is to build smart townships to which few developers of Bengaluru are coming up with projects with intelligent social, economic and physical infrastructure. Such townships are targeted at meeting all the required features and facilities as of a smart township. A ‘Smart City’ does not mean having strong infrastructural development, communication and established social infrastructure. It also depends upon - will Smart Cities house ‘Smart Homes’ too? An official from the Engineering department of the Bengaluru Development Authority (BDA) says, “The city has been taking initiatives to become a Smart City. One of the evident factors is the efforts taken by the city in offering Smart Homes with the use of extensive technology to make life simpler and more comfortable, reducing human efforts and at the same time ensuring being environment friendly too.” How exactly will a Smart city look like? Smart Features Smart Planning: Availability of all day-to-day needs, workspaces, hospitals, sports academy, retail and schools all under one roof. Proper planning of a township ensures more space for residents along with more amenities and lowering the need to move out of your comfort zone. Smart Water Management: Efforts to conserve water resources through extensive rain water harvesting, water recycling plants for landscaping and clean drinking water across the campus. Smart Waste Management: Resource management techniques are being used such as organic waste converters which will convert the waste or garbage into manure to be further used in landscaping. Sewage treatment plants to recycle waste, water treatment plants and waste segregation for re-cycling. Smart Energy Management: For efficient energy resource management, use of LED street lights, intelligent systems to monitor electricity usage in common areas and back-up for common areas are ensured in a smart township project. Smart Transport: Smart transportation is encouraged within the township projects in order to minimize carbon emissions. Some of the features are availability of bicycles along with bicycle lanes for commuting within the township followed by eco-friendly shuttle service, electric vehicles for transport and their necessary charging points. With each passing day, Smart Homes are becoming a reality across different parts of India with necessary infrastructure development efforts taken by the real estate industry.

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