Co-working Spaces: Opportunities for Developers

Posted on February 19, 2018April 18, 2019 by Pankaj

India has geared up to the concept of co-working spaces, which experienced significant investments in the past few years. Our country is the 3rd largest startup hubs in the world with 72% of founders are below the age of 35. A study of 2017 about co-working ecosystem says that the potential of co-working spaces is evident, and it will be touching 8.5 million seats by 2020. Co-working spaces are highly preferred by the millennia’s and these spaces are introduced to the world to make a differ...

Optionality for Developers: Either Go for New Tax Regime or Continue With the Old One

Posted on February 17, 2018April 18, 2019 by Pankaj

The GST council meeting held in February revamped the existing tax structure acting in the realty sector. Earlier it was 12% on real estate and 5% on affordable housing inclusive of Input Tax Credit. Input Tax Credit or ITC is the credit on the material used in the project. But in the meeting, the tax structure was revised to 5% on real estate and 1% on affordable housing without ITC. This move was somehow beneficial for the buyers, but the developers were unhappy. Their concern was not with the...

Look For the Ideal Amenities When Buying Homes

Posted on February 14, 2018February 15, 2018 by Pankaj

Amenities are an important part of any real estate project, which builders use to woo home buyers. While some amenities are essential, like a security system, elevators, etc., property sellers may, at times, also highlight amenities to hide flaws in the project flaws or to propel the sales momentum. Pankaj Bajaj Eldeco says that choosing a developer well should be the cardinal rule for home buyers. They shouldn’t get lured by euphuistic promises. Each buyer’s need is unique, points ou...

Prices Still Affordable In Tier-II Cities

Posted on February 5, 2018February 12, 2018 by Pankaj

Real Estate is expecting major growth spurts in tier-II cities like Jaipur, Ahmedabad, Chandigarh, Bhubaneswar, Coimbatore, Indore, Nagpur, Vadodara and Visakhapatnam in India. Real estate experts believe that tier-II cities actually do have hope for growth and are best for investment and buying homes at affordable pricing. It’s not a bubble there neither a frothy story. Eldeco MD Pankaj Bajaj and President of CREDAI-NCR says: “There is an inherent demand in these markets. The prices have ...

RERA to Separate Authentic Builders from Defaulters

Posted on February 1, 2018 by Pankaj

The coming of RERA (Real Estate Regulation and Development Act) in the year 2017 had caused a major stir in the real estate market. Some call it a boon for the real estate industry others claim that it’s entirely buyer oriented, which would make it strictly one-sided. Delayed and defaulted projects are considered the biggest concerns in the holistic development of the real estate sector. Due to no regulatory authority present earlier on and no rules to enforce the builder-buyer clash primarily a...