The Budget is relying heavily on maintaining the trajectory of growth in the economy to provide solutions for inclusive growth that touch the ‘Aam Aadmi’ and parallelly stressing on governance aspects, which hopefully will be covered separately through concrete action plans to deal with the menace of unaccounted wealth. The trend for consolidation is expected to continue.
The unfulfilled demand of more than 24 million houses in the country needs large scale impetus to achieve desired results. Allowing deduction for investment into affordable housing is a welcome step and will surely boost morale of housing industry and will accelerate investments in affordable housing.
With the reasonable expectation of a roof over the head not very long ago, the real estate boom in the last decade has scaled up the liberty of choice for the average home buyers. While the aspirations of even the middle and lower middle income with moderate budgets have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of faster deliveries, hi-tech amenities, luxurious lifestyle, lush green surroundings within the affordable range of 20-40 lakhs.
The country’s largest realty firm, DLF, is today launching one of the costliest residential projects offering 38 luxury housing units at a price range of Rs 15-25 crore. The company will launch a super luxury residential project DLF King’s Court, which is spread over 2.3 acres of land at Greater Kailash-II in South Delhi, with a project cost of about Rs 700 crore, PTI reported, citing sources.
Vigneshwara Developers has claimed to redefine the concept of Central Business District (CBD) with the launch of Smart Office Home Office (SOHO) in sector 74 of Gurgaon. SOHO offers a combination of the comfort of home with the present-day needs of office, all under one roof.
Sunil Mantri Group, a developer of residential and commercial spaces across 14 cities in India, has announced the launch of its landmark residential project Mantri Serene, nestled against the backdrop of the Aarey hills in Goregoan (East), Mumbai.
KORUM, Mumbai’s largest Shopping Mall by Kalpataru Retail Ventures Pvt Ltd, a Kalpataru Group company, has won the ‘Emerging Retailer of the Year Award’ (Real Estate) at the 7th Asia Retail Congress, held in Mumbai recently.
Alibaug is one of the traditional weekend-getaway destinations for residents of Mumbai. Since the late 1990s, it has also emerged as a second home destination. Apart its proximity to Mumbai, many other factors make Alibaug an attractive second home destination.
Urbanization rate is on the increase – and while there had been a few setbacks over the past few years, the Indian luxury retail market is firmly back now. The economy once again supports the rationale for spending on luxury goods, and it will continue to do so.
The time of the year has come when everyone is dreaming about the Finance Minister’s briefcase. Though real estate is ready with its list of expectations, experts believe that this year it would be good to expect much from the government owing to the kind of fiscal deficit government is going through. Expectations are high because of the increase in home loan interest rates, which have hampered the affordability of the buyer.