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The Affordable Housing Dream Gets Wings with the New Budget Reforms

With many new bold initiatives taken by the Central Government on this Union Budget, the real estate industry has many reasons to cheer. As a major relief to low-income groups, almost every decision impacting real estate was related to affordable housing. This in-turn will help realty developers access funds at lower rates and would also open up additional avenues to raise funds. Here are the salient points of this year’s budget, which will directly impact the property market:

Housing

Suburban Chennai- The New Housing Destination

The real estate sector in South India has seen the maximum number of sales out of the total supply in the affordable housing sector, when compared to mid-segment and luxury housing. Chennai property market is gaining momentum, since the unsold inventory has dropped in the city compared to all other metro cities, which will boost its residential real estate sector, especially in the affordable sector.

Power quality practices at Paramount Towers of Shriram Panorama Hills

The planning and execution of electric power distribution is residential buildings is complex and subject to constant transformation. Taking into consideration the demands for high level of safety, flexibility through the entire lifecycle, reducing carbon footprint, integrating renewable energy measures, and cost optimization, increasingly greater demands are expected from modern residential buildings.

Why is it auspicious to buy a home during the Makar Sankranthi festival?

With a lot of Indians looking for the right time and the right deals to make important purchase decisions like home buying, the New Year period and the Makar Sankranthi festival accompanying it are considered as very auspicious. Makar Sankranthi marks the beginning of the new era and is celebrated across India albeit called differently in some states.