Time for real estate to get rational with budget
Finance Ministry officials maintain that budget wish list of developers…
Finance Ministry officials maintain that budget wish list of developers…
“I am reading these newspaper reports about the real estate sector demanding so many things with the Union Budget. Most of these demands are for their financial health than understanding the market from common homebuyers’ perspective like us. Do we matter at all in this eco system where neither the government nor the developers understand what keeps us away from the property market,” says Shweta Sanyal, an advertising professional in Mumbai.
The buzzword ‘Smart Cities’ has gained a lot more meaning now after the selection of the 20 top cities as Smart Cities out of a total of 98 through a competitive process of selection.
IFC, a member of the World Bank Group, is convening a voluntary, collaborative effort with leading Indian housing sector companies to form an industry-led Sustainable Housing Leadership Consortium to drive sustainability in India’s housing market with a particular focus on the affordable housing sector.
Developers have their own expectations, because positive announcements for real estate buyers made during the budget will help increase the market sentiment, and therefore sales. The general hope is that the budget will provide cheer to intending homebuyers who have been deterred for various reasons.
Embassy Residency is a project that has weathered many challenges since inception – right from legal issues to the perception issue of being a low lying area – and yet it is shaping up quite decent. It is in South Chennai and primarily meant for the people employed in IT corridor.
When the going was good the developers did not bother much about the quality of talent; nor did they ever took a conscious call to introspect from the inside of the company and work their way out to create a competitive professional culture.
The senior living sector in India is at a crossroad. With the relaxation of Foreign Direct Investment (FDI) restrictions on investments in the sector and increasing population of seniors (over 100 million seniors in India at present) to cater to, there clearly exists an untapped opportunity for investment and development in this sector.
Omkar 1973 is definitely one of the top pick of investors not only in Mumbai market but also across the country. Everything about the project is unique, right from the name 1973 (that is the longitude & latitude coordinates of the place) to the location that offers an envious view of the city and the Arabian Sea, and state-of-the-art amenities to lavish luxuries.
For the last four years everyone within the built environment of Indian real estate, homebuyers included, wanted a real estate regulator but the consensus eluded.