It may be true that ‘when the going gets tough, the tough gets going,’ but this doesn’t hold true for the Indian real estate sector currently. The ongoing NBFC crisis post IL&FS default has made things even more difficult for developers.
A lifeline to India’s realty landscape, the whipped appetite of private equity funds is changing the dynamics of the sector. Titled ‘Decoding PE funds in Indian realty 2017,’ the latest report by Knight Frank India dissects the emerging trends in capital movements by private equity players.
With increasing crime rate in the city, safety has become a primary concern for homebuyers. Amid a spike in incidences, DLF Gardencity has carved an identity for being a safe and secure destination in Gurugram. The township boasts of advanced security facilities for the safety of its residents.
The suburb of Gurgaon has been an essential contributor to the urban sprawl that comprises of prime Delhi NCR. The region has become synonymous with a viral-like growth in the past decade and has assumed a homogeneous nature being a well-established business, housing and leisure hub.
The National Highways Authority of India (NHAI) recently inaugurated a bridge (culvert) over Badshapur drain near Hero Honda Chowk on Delhi-Gurgaon expressway, meanwhile Huda allowed traffic on trial over Basai railway-over-bridge (RoB) on Dwarka expressway , which was inaugurated on June 17 by Manohar Lal Khattar, Chief Minister of Haryana.
Rajeev Talwar, Vice President, PHD Chamber of Commerce and Industry, recently appealed to the government to come out with a concept of ‘kickstart loans’ for real estate developers, especially for those whose projects are stuck up as also make a provisioning of a loan at the rate of 6 per cent for buyers that have invested their hard earned money in such projects so that their re-launch becomes conclusive.