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RBI’s NEW YEAR GIFT TO BOOST REAL ESTATE SECTOR

The Reserve Bank Of India (RBI) provided a much needed respite to the public and the sector by announcing a 25 basis point reduction in the repo rate this Thursday. This drop in the rate is RBI’s first positive step of this year which has brought the interest rate down to 7.75 percent from 8 percent previously. This move has been greatly affected by the slowing inflation rate along with government’s efforts on containing the fiscal deficit. RBI has also showed signs of cutting down this rate further if the inflation continues to ease and government’s progress on controlling the fiscal deficit is achieved. The real estate sector and public has largely welcomed this move, predicting a better demand for property this year. The real estate sector which has been undergoing a slowdown over the l...

IS NOIDA STILL A PREFERENCE FOR CUSTOMERS IN NCR FOR HOUSING?

After the recent successful execution of DDA and HUDA housing schemes, the housing sector in India has received a much needed demand boost. This year, DDA received a record breaking number of applications which goes to show the demand for housing. But still, it could not fulfil the dreams of lakhs of applicants who were in search of their dream homes which would have been even the very first house for many. Although these schemes have created a ripple effect of demand, that is going beyond Delhi and Haryana and has started to reach regions like Noida and Greater Noida. Delhi and developed regions of Haryana such as Gurgaon have become out of reach for most home seekers due to budget constraints. This reason has pushed the demand for housing to spread out and reach to other developed and be...

AFFORDABLE HOUSING PROJECTS REDIFINING GURGAON REAL ESTATE MARKET

The initial footfall in the region of Gurgaon witnessed massive incursion of MNCs and global giants who had setup their head offices and plants & machinery. This ignited the industrial development in the region which later made way for infrastructural expansion. Once the region developed a decent infrastructure and connectivity, real estate developers wasted no time to enter and develop it into a commercial hub. With lots of job opportunities, then came in the demand for housing which has been taken care off very well by several residential projects and townships delivered across the region. Over the years, Gurgaon has now become the real estate hub of NCR with a lot to offer in residential, commercial and industrial segments. The ever increasing demand and rapid progress in infrastruc...

Environment ministry brings joy to thousands

Buyers of Noida recently got the news that they had been long waiting for; where the Union environment ministry decided upon extending the restrictive zone to only up to 100 mtrs. around the Okhla bird sanctuary. With this decision, 20,000 home buyers whose possession was stuck due to the earlier decision will get a much needed relief. For the same, the central government will soon issue a notification.From now on, no development can be done within a radius of up to 100 mtrs. around the Okhla bird sanctuary except in the north direction towards the Noida toll bridge along the Yamuna. It is being also mentioned that the region up to 1 Km along the Yamuna in the northern direction will be barred from any form of development. At the same time, this will not have any solid impact on the existi...

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