Noida Authority Promises Water Supply with Land for Residents

water supply - pankaj bajaj eldeco
The Noida-Greater Noida authorities have come up with various methods for conserving groundwater, stop its depletion and also rainwater harvesting. This step has been taken in accordance with the order given by the national green tribunal (NGT) to take a step for effective groundwater conservation and also to prepare a roadmap for its conservation. Also, the NGT has banned the use of ground water for construction practices in the city. What’s to be noted is that the area has around three to four...
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NCR — India’s Largest Residential Market

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Delhi being the very capital city of an overpopulated country such as India would obviously have high demand in case of its residential sector. Hence, owing to the problem of the capital getting clustered, way back in 1962, the Government was forced to create satellite cities for Delhi due to the growing population and shortage of land mass for industrialization. That’s when, the neighboring states like Haryana, Rajasthan and Uttar Pradesh came into consideration for developing the satellite cit...
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End User Demand in Tier 2 markets is Intact

realestate - pankaj bajaj eldeco
While real estate market in metro cities has been seeing a steady rise but, the actual growth drivers in the next few years, according to industry insiders will be Tier II cities. Hence, initiatives such as Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation are likely to improve the living standards and infrastructure of Tier II and Tier III cities. Experts of real estate such as Pankaj Bajaj, MD Eldeco and President of CREDAI -NCR believes that tier-2 is the new af...
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Co-working Spaces: Opportunities for Developers

co-working
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...
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Optionality for Developers: Either Go for New Tax Regime or Continue With the Old One

GST
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...
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