There are many large scaled residential projects that have been stalled for the environmental concerns in India. Though these projects are known to be following the eco-friendly ways as per the instructions of government, many a times, a gap is seen between the policies and its implementation.
In the year 2015, the central government introduced PMAY or Pradhan Mantri Awas Yojna to provide comprehensive housing solutions for the economically weaker group and Low-Income sections. According to the plan, the government promised to provide housing solutions to all by 2022, even for the middle-income group.
Real estate is no doubt a capital-intensive industry and it functions entirely on the number of sales. The real estate developers are compelled to take loans from the market and the sales figures are the lowest in the past few years. With the rising construction & labor cost, there is nothing left for the developers. The last few years have seen a steady price rise in each and every sector, while the real estate sector has not seen any significant rise.
“Home is where one starts from.” -T. S. Eliot
When you think of a dwelling space, it has to be cozy and comfortable. Moreover, it must be designed in a way that can help you and your family live happily & comfortably. The qualities of an ideal house depend on the individual requirements. While for one, it would be the strategic location, and for the other, it might be the design of the house. Reputed designers generally try to maintain a standard when they start a residential project, and designing an ideal house to meet the requirements of the customers is a forte of a successful developer.
REIT or Real Estate Investment Trust is the organization that owns, operates and manages real estate commercial properties. It also manages mortgages. REIT manager various types of commercial properties like shopping centers, office buildings, hotels, restaurants, warehouses and so on.
A house isn’t built in a day [tweet]. It takes years of maintenance and unique ideas of redecoration to create a beautiful house. Here are a few steps to increase the value of your indispensable house.