By Vinay Jain, CMD, AVJ group 22 Dec 2014, 03:54 pm
Though, there has been a slowdown in Indian market for last 12 months or so, but the developers make up for it by offering attractive discounts in the form of freebies like modular kitchens, air-conditioners and woodwork to prospective home buyers in the country or abroad.
NRIs feel confident about the new government of India and waiting for an investment-friendly market in various fields which gives the real estate players a reason to smile.
With the latest Initiatives such as plans to set up 100 smart cities and develop real estate investment trusts(REITS) , the govt. is all geared up to change the shape of the realty sector in our country.
The government will also have to consider reforms for quick land acquisition, faster project approvals, easy and low-cost finance options and better infrastructure development to attract domestic and foreign investment in this vital sector of the economy, which is expected to post five per cent gross domestic product growth in the current and coming fiscal year.
We have recently launched new flagship project AVJ Business Suites in Preet Vihar (Delhi) and Tower-B in AVJ Heightss Greater Noida (Zeta-1). We are hoping market will geared up from next financial year.
Over 25 million people of Indian origin living across the globe remit around 80 billion annually to their motherland and a major part of this amount is invested in real estate business, fixed deposits, FCNR, bullion, among others. Almost 70 to 80 per cent of the total remittances to India is contributed by non-resident Indians (NRIs) based in the Middle East and Gulf countries.
Real estate, which is one of the largest drivers of the country's economic growth, also provides large-scale employment and contributes massively to the national economy.
(The writer is CMD, AVJ group)
- Vattikuti Foundation announces KS International Innovation Awards for Robotic Surgery
- Vattikuti Foundation announces Brady-Vattikuti Robotic Academy hands-on masterclass in Urology
- Rashmi Group and Rice Adamas Group get franchise rights in Bengal Pro T20 League
- Shrachi Group, Servotech bag franchise rights in Bengal Pro T20 League
- Bengal Pro T20 League unveils its official logo
- Le Rythme& AWIPL hosts skill development programme on 'Accounts Executive' in Kolkata
- NEZ International Film Festival focuses on independent cinema in 9th edition, special focus on European filmmakers
- Deptt of Science and Technology funded Incubator at Sona College to spur entrepreneurship in Salem
- HireMee earns prestigious Global Impact sourcing award from IAOP, in partnership with The Rockefeller Foundation
- Embracing Robotic Surgery key to improving women’s disease treatments: Gynaecologists
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.
New Delhi/NITN: Regular flyers on Jazeera Airways, Kuwait’s low-cost carrier, can now avail a host of discounts and benefits by enrolling for the new membership club introduced by the airline, recently.
Gurugram: Air India, a global airline in India, has initiated the deployment of its recently acquired Boeing 777 aircraft to serve all three non-stop routes from Mumbai to the United States.