The emerging new middle class with rising disposable income is boosting real estate investments , in turn, driving real estate growth. According to the latest Harun India Wealth Report 2020, the rising new middle class has an average savings of Rs 20 lakh per annum. This new category of middle class is a class apart…

The GMDA’s  planned  new entry and exit on elevated highway link to Sohna , will  further help improve connectivity and mobility between Sohna and Gurgaon , in turn bolstering realty. GMDA has written to NHAI to make provision for this crucial exit on Sohna- Rajiv Chowk (on NH8), offering to bear the construction cost. This…

The PMO and Highway Minister Nitin Gadkari’s combined and concerted action to expedite construction of Dwarka  eway by August 15, 2022, will put Gurgaon realty on fast track growth. This high level intervention has removed technical hurdles coming in the way of early completion of the crucial eway. According to Gadkari ,It will now be possible…

Haryana government’s announcement to make budget allocation for the mega Global City along  Dwarka Expressway , will turn to be a major booster for real estate in Gurgaon The Global City to be developed on the Smart City concept will be spread over 1000 acre of land spread over Garhi Harsaru, Gadholi Khurd, Mohammedpur Jharsa and Khandsa. The…

The continuous drop in mortgage  rates is driving hme loan growth, leading to strong pick up in home sales post-pandemic . Home loan rates have come to a historic low of sub 7%. More recently, the PSU mortgage leader, SBI has further cut down home loan rates by 10 bps to 6.7% for loans up…

The pandemic induced economic lockdown brought Indian economy to a grinding halt wherein Indian Real Estate was badly affected. However with a series of economic and policy reforms introduced by the central government, India saw in the last quarter of FY 19-20 a positive recovery trend. Moreover, the Centre’s infrastructure push shows a pick-up in…

Gurgaon’s good performance on the livability index bodes well for the city’s real estate which is recovering fast, post Corona. According to 2020 Ease of Living index of the central  Ministry of Housing & Urban Affairs, Gurgaon figures on the 8th spot among the cities with less than a million population. This is a far…

The central government’s plan to ease burdensome compliances, will help propel the growth of real estate sector. The Centre has identified a large number of compliances which it proposes to either do away with or reduce as part of its ambitious plan to promote ease of doing business.  There are about 6000 such compliances at the central and…

After the challenging year 2020, the real estate market began to recover, which was apparent in the increasing sales across the country. However, the recent announcement of additional taxes on the sale of immovable property by the Haryana Government, on the other hand, would hurt sales growth as it will increase the cost of the…

The pandemic forced offices to choose the work-from-home format, which was conventionally not a much accepted mode of work in our country. However, as remote working became the norm, employers experienced improved productivity, reduced overheads, minimised wastage and more efficient output. This new work culture helped working professionals to maintain a balance in life, enhanced…