Over 75 per cent of the total 3,540 live projects with total outstanding investments worth over Rs 14 lakh crore attracted by the real estate sector across India remained non-starter as of financial year 2014-15, noted a just-concluded study by apex industry body ASSOCHAM.
In a price-sensitive market like Pune, affordable housing is always in demand. The city’s working and earning middle class is constantly on the lookout for good homes available within their budget. This festive season, the Pune market is showing signs of increased activity as always, but the onus is on homes which fit people’s budgets.
Weekend homes, also called second homes or vacation homes, are currently an oasis of market activity in India’s the otherwise lacklustre residential real estate sector. In earlier years, only the affluent could and would invest in them – today, these properties are generating interest even from the country’s middle class.
All over the world, cities are facing the challenge of uncontrolled urbanisation. According to the United Nations, 54% of the population across the world today resides in urban areas, and that this figure will rise to 66% by 2050. An accompanying fact is that urbanization is happening too fast, and without adequate foresight and planning.
Eleven real estate developers have come together to promote the…
Tata Housing has announced India’s 1st ever “Social Sell”, on Facebook. Announcing the pre-launch of its project “Codename – Goa Paradise”, prospective buyers need to register themselves through Facebook to ensure they receive their unique invite Code. This unique invite code would ensure and allow customers to login on 26th Oct and book these limited homes on a first come first basis.
Affordable housing, though a widely-used term in India, actually means different things to different sets of demographics. The definition of ‘affordable’ is heavily influenced by the socio-economic variables that drive a certain city or location.
The place of residence is a measure of one’s quality of living, and the availability of open recreational spaces near one’s place of residence is a direct measure of social and physical satisfaction.
Over the past two decades, Pune has seen rapid growth of the IT culture. In the beginning, this culture was limited to employees of the city’s many IT/ITES parks – today, it has touched almost everyone who lives in Pune. The cyber revolution in this city is inescapable – those who do not own computers populate internet cafes.
For a very long time, Pune was considered little more than a pensioner’s destination which benefited to some extent from its proximity to Mumbai. It was not considered a serious real estate market at a national or international level. This has now changed for good – the city has attained its own unique identity and is firmly in the limelight as a thriving economic microcosm, with a real estate market that has overtaken Mumbai in terms of attractiveness and investment viability.