The government has implemented several policies to support the real estate sector. However, a number of growth promoting regulatory developments and initiatives announced over the last two years are helping to revive the sector and is expected to pave the way for strong sector growth in the future which contributes heavily to employment generation and…
Month: December 2019
Basai Chowk flyover to boost Dwarka Eway connectivity
The Gurugram Metropolitan Development Authority (GMDA) has expedited the construction work on Basai Chowk flyover and Railway Over Bridge (ROB)near Dhankot in Gurugram to improve connectivity to Dwarka Eway. With the Authority setting new mid 2020 deadline to complete these two crucial infra projects, real estate in Dwarka Eway is set to get a major…
Rise in Demand for Affordable Housing
The optimism for the affordable housing sector is picking up. Affordable housing will remain the dominant segment in the coming years with a total of 10 million PMAY (U) units to be delivered by 2020 itself which already to set for record the growth. As per the Report- Housing sales in the national capital region…
10 things before buying a Real Estate asset
Buying a property or making the investment in it is a one-time decision for many. Everyone should follow 10 parameters we should investigate before buying or invest in a property: 1) Location is key to any property investment. Check the chances of value appreciation of your flat by evaluating the demand for property in the area and…
Reduced price gap between under construction and ready homes boosting sales
The lowering of price gap (to 3-7%) between ready-to-move and under construction homes in top seven cities has contributed to increased demand and sale of housing units, particularly affordable homes. According to industry statistics, the price disparity between ready-to-move and under- construction homes has been witnessing YoY decline. In 2018, the price difference came down…
Haryana government nod to DPR for Metro expansion in Gurugram
With Haryana cabinet giving approval to revised DPR for the extension of Metro to Old Gurugram has set the stage for bringing New Gurugram on the Metro map, thereby boosting real estate in this fast emerging corridor. According to the new approved DPR, the metro rail will be extended to Rapid Rail Station next to…
Stalled realty projects to start soon
The government expects the real estate fund to have a bigger impact on the economy through linkages. The Rs 25,000 crore SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund to get stalled real estate projects moving is fully operational and the investment committee is completing due diligence on the first set of deals….
Jewar Airport link to Delhi- Mumbai EWay to boost NCR Realty
Following the clearing of decks for the construction of Jewar airport in Greater Noida, the Highway Ministry’s latest proposal to provide direct link to the airport from upcoming Delhi- Mumbai Expressway will further boost real estate in the national capital region. As part of Highway Ministry’s plan, National Highway Authority of India (NHAI) has been…
Pre- construction work on Delhi- Gurugram- Alwar Rapid Rail gains momentum
With the pre- construction work for the first phase of the Delhi- Gurugram-Rewari-SNB (Shahjehanpur – Neemrana- Behror) Rapid Rail Transit System (RRTS) gaining momentum, this rapid urban metro project is moving forward to provide connectivity boost to New Gurugram realty. The pre- construction work for the 164 km long Delhi-Gurugram-Alwar RRTS was stepped up after…
Realty set for boost with decks getting cleared for Jewar Airport
As the stage gets set for an early start to the construction of Jewar Airport in Greater Noida, following the Zurich Airport winning the bid to build this greenfield airport , real estate in this region will get a major push. Zurich Airport that had earlier developed Bengaluru’s Kempegowda international airport, will be investing Rs…