Real-Estate Industry is a Customer for the Construction Industry

realestate-pankaj bajaj eldeco
In contrast to developments in the corporate office space, demand for residential space remained subdued during January–March 2016 period. Despite price movements remaining stable, home buyers' demand remained low in recent months due to existing high price points coupled with a cautious buyer sentiment. In many ways, the year 2015 was a defining one for the residential real estate segment in India. This was the period when the market began to evolve, along with customer expectations as well as ...

Look For the Ideal Amenities When Buying Homes

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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

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

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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...

What Exactly Is Affordable Housing In India?

With the growing population in India, the demand for housing has increased as well; something that was not addressable earlier and has led to unauthorised and unorganised constructions or setting up of slums in urban India. Hence, responding to this issue has come out the term 'affordable housing'. Basically, what does it means and is it being accomplished in urban India? Primarily affordable housing should address the housing needs of the lower or middle-income households. In India, in parti...