An Opportunity for Growth
Shekhar G Patel, Managing Director, Ganesh Housing Corporation Limited speaking to Realty Plus, describes the Gujarat realty scenario. The current real estate situation in Gujarat and investor sentiments Gujarat has seen great transformations in its urban landscape with new futuristic projects of international standards. The development of other basic infrastructure, growth of Gujarat as a commercial and industrial hub, good governance, policies and leadership; all of this has lead to increased investments in the real estate. The rising interest of investors in fresh projects over the span of previous few years shows that they have embraced the new changes. However, owing to a huge number of unsold inventories in major cities, including Ahmedabad, the industry has not seen a price increase since last two to three years .this is now leading to upswing in sales up to 10 to 12% almost in all segments. We expect that the Real Estate Regulatory Bill will definitely bring a positive change in realty industry by bringing greater transparency in project-marketing and execution while prohibiting the entry of unaccounted money into the Industry. The design trends and buyer’s behavior Environment has been a major concern for all of us, therefore steps like adopting green designs and seeking green certifications has become a trend for constructions across Gujarat. This trend is gaining momentum with more developers showing interest in offering eco-friendly options in residential as well as commercial segments. The trend calls for eco-friendly spacious building designs that facilitate multilevel vehicle parking, sports and fitness and recreation amenities along with shopping arcades. Nowadays the buyers are looking for a residential construction that offers the choicest of amenities for an enriched lifestyle and which is value for money. To read more: http://realtyplusmag.com/an-oppurtunity-for-growth/
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