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As India continues with its Coronavirus vaccination drive, the positive impact of the inoculation program will also be seen in the country’s real estate segment. If the improving housing affordability is any cue, India’s residential real estate sector is likely to witness better sales and supply in the January-March period of 2021, the lingering impact of the Coronavirus pandemic on the sector notwithstanding. In a report titled ‘India Real Estate Outlook – A new growth cycle’, property brokerage firm JLL India has also indicated that new housing supply in 2021 would continue to be in the affordable and mid-segment, with developers attempting to reap the benefits of strong pent-up demand. As per Elite Fore Realty, Sales Head-Mr. Lalit Choudhary:- In Gurgaon region Affordable Housing will drive the market because in luxury segment customer don’t have option in less budget. Hence the market will continue to surge once the lockdown restriction is eased. Another reason could b...
Delhi/NCR: In a sign that could signal the beginning of a recovery in the real estate market especially in affordable housing market and mid income segment post lock down. Affordable housing market continued to be the mainstay of demand as the contribution of this segment to the overall sales in tier 1 cities including Mumbai, Delhi-NCR, Bengaluru, Pune Hyderabad Chennai, Kolkata and Ahmedabad. New launches are driving sales in affordable segment across the Delhi-NCR. Mostly mid-income and affordable housing are leading the sales. Recently few new launches has been sold entirely in less than a month. Lower home loan rate, PMAY subsidy scheme and necessary impetus by the government to the affordable housing is playing crucial role at this juncture. As the prospective buyers stay away due to lock down/COVID, Delhi based RERA certified realtor Elite Fore Realty OPC Pvt Ltd has sold more than 80 units in affordable housing segment till date said Mr. Vikash Choudhary AGM-Sales of...
Congratulations Delhi Delhi Development Authority approved the Delhi Land Pooling policy on the meeting conducted by the Lieutenant-Governor Anil Baijal in Delhi. Now, this Land Pooling policy attends for the final approval. The Ministry of Housing and Urban Affairs need to provide the final approval for this policy. With the help of the new scheme, the DDA will pool the parcels of land owned by the developers, individuals or builders. After this, they develop the land and return to the landowners. The modified land pooling system helps to replace the procedure of the land acquisition wherein the state government has acquired the land by providing the fixed price to the land. Through the low price as well as the forceful acquisition complaints, this land poling system became the disliked the land parcel in the past three years. The new scheme is expected to unlock a wide range of the parcels for the cost-effective development and housing. Modified Land Poo...
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