Sunday, October 22, 2017

Residency Overseas – sole representative of Aristo Developers invited Indians to invest in Cyprus

New Delhi, October 22, 2017: Residency Overseas, one of the country's leading Property Consultancy and Estate Agents, has been appointed as the Sole representative of Aristo Developers with...

Demand for housing in ghaziabad observes 20 percent growth

Ghaziabad, October 20, 2017:  Since the inception of GST and RERA in the Indian real estate system, sentiments were projected to increase manifolds riding high behind the guarantee of a refined taxation process and an organised way of working. Thus, all eyes were fixed upon the festive  season of this year and a better demand was on the cards. With ready to move in inventory available in high numbers across Ghaziabad, the nine days of Navratras scored a staggering sales growth of almost 20 percent versus last year. Even the number of queries rose by almost 15 - 18 percent in comparison to the Navratras of 2016. “The high number of sales across Ghaziabad has been due to the increased queries and footfalls across all of its micro pockets, especially Raj Nagar Extension, Indirapuram and Vasundhara. Other regions also contributed towards this number and we are forecasting another increase in demand during Diwali. With RERA operational in Uttar Pradesh and GST also applied in full force, better days for the realty sector don’t look like a distant dream anymore”, said Gaurav Gupta, General Secretary, CREDAI Ghaziabad. Projects that were in the advanced stages of construction or the ones which have been delivered saw the highest sales, which goes to show that there were more end users than investors who bought property during the Navratras. Also, units ranging in the ticket size from Rs. 45 - 70 lakhs and 2, 2+1 BHKs were the ones highest in demand during the festive days of Navratras which also shows the shift of the modern day customers’ preference towards budget housing. Even the resale market has picked up by 15 percent in areas like Indirapuram, Vaishali and Vasundhara. Looking at the rising sales figures, Raj Nagar Extension, for instance has 17,400 homes which are under construction and has already sold and delivered 16,900 homes and witnessed 20% growth in sales. The sales growth was visible at Siddharth Vihar, an upcoming region with multiple group housing projects. Manu Garg, President, CREDAI Ghaziabad said, “Ghaziabad has been a major market in NCR realty. With regions like Raj Nagar Extension, Siddhartha Vihar and adjacent areas on NH – 24 witnessing a growth of 10 – 15% YOY, such micro markets have shown robust growth. With RERA already applied, there is a positive sentiment in the market.” Corporate Comm India(CCI Newswire)

Indians Ready to Capitalise on Dubai’s Lucrative Real-Estate Industry

Mumbai, October 20, 2017:  A majority of investors seeking property within the range of INR 3.24 Crore to INR 6.5 Crore 33% of potential...

Government to discuss bringing real estate under GST in November: Arun Jaitley

HIGHLIGHTS Arun Jaitley has said the matter of bringing real estate under GST will be discussed in the next GST council meet He also...

Promise of India’s Real Estate sector highlighted at 3rd Estrade Real Estate Conclave &...

“A lot of innovation and aggressive technology adoption will be key to the commercial success of affordable housing projects” - Ashwinder Raj Singh, CEO,...

Indiabulls Housing Finance gears up for a Swachh and Sweet Diwali 2017

Mumbai, October 16, 2017: As festive cheer approaches the country, Indiabulls Housing Finance has chosen to bring the feeling of Diwali to the city and...

World Green Economy Summit (WGES) 2017 to shed light on how smart cities have...

Dubai, October 16, 2017: The fourth edition of the World Green Economy Summit (WGES) 2017 will highlight the importance of smart cities in the...

RERA bring in transparency–Niranjan Hiranandani, President, NAREDCO on bringing Real Estate under GST

New Delhi, October 16, 2017: "The Finance Minister Mr. Arun Jaitley has spoken about bringing real estate within the ambit of the Goods and...

Allianz expands real estate footprint in growth markets, collaborates with Shapoorji Pallonji in India

Mumbai, October 16, 2017 – Allianz announced today that it has partnered with Shapoorji Pallonji Group to establish SPREF II, a Singapore-domiciled, INR denominated, closed-ended fund...

M3M recorded sales of over Rs.200 crores with Magicbricks during ‘My Bid My Home’

The online property auction attracted over 100 bids within 6 hours in a single day Scale signifies real estate portal's ability to drive business like...

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