Latest Answer: Hi Hitesh.
Technically speaking, retirement home projects are developed keeping in mind certain age groups, and should ideally be designed with special facilities to make life more comfortable for senior citizens. However, the on-ground meaning in India has for the longest time been that any project and location that fits a certain budget and requirements is potentially a suitable retirement home.
Latest Answer: well, technically PE funds constitutes 10% of the real estate market liquidity and after elections this is expected to rise to 50% foreseeing a stable government. but it takes about an year for the government to prove its stability.
some experts are of the opinion that this will not be a lasting phenomenon as PE investors prefers markets of mumbai, pune and the south India locations more..
Latest Answer: Hi Shantanu & Rakshit,
At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes.
Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
Latest Answer: Hi Krish,
I want to add that its not the redevelopment that is taking place but since the builder is also providing more floor space with upgrated floor plans and modern amenities, this is also pushing the demand for rise in property prices. Also came to know that the property prices in the locality is ranging anywhere between Rs 10300-12500 per sq ft. This clearly indicates that the area had witnessed significant rise in property values in the past one year. The level of re-development activity has taken up the property rates by over 25-35 per cent per cent in the past two years.
Latest Answer: The budget 2012 is not able to fulfill the expectation of the real estate. You will get more about the expectations of the real estate sector at 'Affordable housing emphasised in budget'.
Latest Answer: The real estate sector is waiting for the announcement of the Budget. As the sector is struggling a lot in terms of revenue generation, it is looking for government initiative to enhance the market scenario. You can follow Realty developers hoping for reduction in home loan interest to know more about the expectation of the sector