According to Pradeep Jain, Chairman, Confederation of Real Estate Developers Associations of India, reforms in real estate sector hold the key to the government achieving GDP growth targets. Tax reforms and measures to access low cost funds through external commercial borrowings are needed, he said.
Growing urbanisation is pushing investors towards Tier II and Tier III cities to drive their growth story in a mutually beneficial way, writes GARIMA P. For 28 year-old Gurgaon-based IT professional Aniruddha Rai, Bhopal is more than his hometown. The small and quiet lanes he grew up in have transformed themselves into a hustling city.
Buyers are well-informed and are looking at timely completion, additional amenities and additional finishing. They demand a semi-finished apartment, as they then involve an architect for the complete finish.