Track2Realty: The definition of affordable means different for different people depending on the socio-economic class, income levels etc. In India, the term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership.
Track2Realty: The answer to the question whether it is preferable to invest in a flat or in a plot of land depends on many factors, including the maturity of the investor. The investor’s overall objectives, ability to leverage, risk appetite and period of time he is able to hold on to the property before selling it again must be considered.
Track2Realty: Affordable housing is not only essential to the well-being and health of the people but also for the smooth running of economies. Yet all over the globe, in advanced and developing economies alike, a majority of the cities are struggling to give their citizens decent, affordable housing.
Track2Realty: In a land-locked city like Pune, the importance of water is inescapable. Even at a national and global level, climactic changes as well as other factors are causing water levels to decrease.
Track2Realty: Considering the increasing scarcity of available land in our cities, it is becoming increasingly difficult to discuss affordable housing creation without also considering slums and their redevelopment. In latter-day India, almost every city has its slums.
Track2Realty: Pune’s rapid growth as a city is constantly pushing the envelope for real estate development. Suburbs that were considered ‘upcoming’ less than two years ago are now established destinations, with increased property price appreciation creating a challenge for budget home seekers.
Track2Realty: It is usually believed that any sort of affordable housing reduces the property values of the neighboring properties as well. In the Indian market context, however, various studies as well as on-ground experiences in India reveal that this age-old preconception does not hold true.
Track2Realty: Narendra Modi’s government has made massive forward strides within a short period. The progress in such a short period is remarkable, considering that the government is still hamstrung by a disproportionate fiscal deficit and its ability to induce further growth through public investment.