Author: Hrishi Kumar

Noida : After a series of quality constructions and on-time deliveries, NCR realty major GulshanHomz has announced the launch of its much awaited residential project ‘Gulshan Botnia’, which is to be developed at Sector 144, Noida Expressway. After an enthralling response received for their previous two developments on the Expressway, namely ‘Gulshan Vivante’ and ‘Gulshan Ikebana’, this is their third in line to be developed in the region. The project will offer 2/3 BHK apartments with five unit plans starting from 1,025 sq. ft., 1,160 sq. ft., 1,355 sq. ft., 1,370 sq. ft. and 1,475 sq. ft. The total area…

India being one of the fastest developing and growing economies across the globe is not leaving any stones unturned to carry this feat for the construction sector as well. Back in 2014, the Modi led NDA government stormed into power with its prime motives being economic development along with an enhancement ofcitizen’s lifestyle, for which several plans were formed. Food, clothing and shelter contribute towards the basic needs of everyone and the government has already begun its work on the fooding and clothing parts through employment generation and stress on education. To make sure that shelter is made available to…

As we have just stepped into the month of the Budget Session 2016-17, which is to commence from 23rd February, 2016; all eyes and ears will be fixed upon our Honourable Finance Minister Mr. Arun Jaitley for what he has in store for the nation’s citizens. Real estate sector in particular is most eagerly waiting for the Budget announcements as it holds the key to this sector’s unprecedented growth. Apart from the regular demands of Industry Status, Single window clearance, RERA, Land Acquisition and GST; this sector is relying heavily upon the announcements of ‘Seventh Pay Commission’ and ‘One Rank,…

In a much anticipated and steadied move, the RBI kept rates unchanged today in its first bi-monthly policy review for this calendar year. The key rate (Repo Rate) remains at 6.75 percent, Reverse Repo Rate at 5.75 percent, Cash Reserve Ratio (CRR) at 4 percent and the Marginal Standing Facility (MSF) rate and the Bank Rate at 7.75 per cent. Last year saw the apex bank reduce the key rate by 125 basis points or 1.25 percent allowing a significant room for the banks to reduce lending rates for the buyers. “The Union Budget 2016 – 17 being around the…

In an exclusive press conference held at New Delhi, chaired by the Minister of Urban Development Shri M. Venkaiah Naidu, 20 urban areas of the country have been declared to be revamped into future Smart Cities. Out of the 98 cities declared back on 25th June, 2015, 97 cities had made it to the ‘Smart City Challenge Mission’ out which 20 have been finally chosen in its phase 1. On the basis of the ‘marks’ achieved, 20 declared cities in the descending order are as follows : Bhubaneshwar, Odisha. Pune, Maharashtra. Jaipur, Rajasthan. Surat, Gujarat. Kochi, Kerala. Ahmedabad, Gujarat. Jabalpur,…

Real estate sector is considered as one of the mainstays of the Indian economy and correctly so; as it contributes at an average of 6 percent to the nation’s Gross Domestic Product (GDP) each year, and employs over 50 million people making it as the second biggest employer in the country, after the agriculture sector. Being an end user for over 30 allied industries and sectors, a lot is always expected from it. Over the past few decades, this sector has developed leaps and bounds, and has attracted a hefty amount of Foreign Direct Investment (FDI) as well. In the…

Real estate sector has been one of the most unorganized sectors of the Indian economy and the situation has only worsened over the years due to the ever increasing presence of fresh entrants. Eventually, it is the end user who is taking the final hit because it’s them who have invested their hard earned money. Customers put in their savings or take over additional loans, but this decision is usually taken in a hurry without proper checks and verifications, hence the trouble. Also, they need to payout their current rentals, pledge the fixed EMIs against the loans borrowed, etc. which…

New Okhla Industrial Development Authority or Noida, as we know, has been a benchmark in the real estate sector of NCR for over a couple of decades. Being a neighbour of the capital of our country, it always received the fruits of acceptance by people more than any other region of the NCR. On the development front as well, Noida has been a skyline of NCR with infrastructure on a continuous development and upgradation spree. For Uttar Pradesh’s list of 12 announced Smart Cities against the 13, Noida couldn’t make it in. But the kind of development that it has…

Our forefathers correctly quoted that food, clothing and shelter will always remain the basic necessities of every human being. Shelter, in other words, real estate is not only regarded as a basic necessity but now days as, an investment opportunity or something that fulfils lavish needs of a person. Indian real estate sector has been growing leaps and bounds over the last few decades and is able to reap the benefits arising out of the modern concepts of construction. The pace at which barren lands are being transformed into metros is something to be noted. Although, in a product life…

Honourable Prime Minister of our country, Shri Narendra Modi today launched a mammoth Rs. 7,500 crore project for the widening of Delhi-Meerut Expressway and replace it with an expressway to decongest the National Capital and nearby regions. The alignment of Delhi-Meerut Expressway will begin from Nizamuddin Bridge from Delhi and continue on the existing NH 24 upto Dasna, which will length to about 30.38 Kms. Between Delhi and Meerut there is only one route at present, NH 58, on which traffic remain jammed at several places. The project is estimated to be completed in 30 months. The entire project is…