Reason for sudden uplift of demand

Projects located in Gurgaon and Noida has suddenly taken an upward movement due to numerous reasons. Few of them being, better facilities and services offered in these cities are much better in comparison to Capital city. Projects in these cities are offering much better specifications.

Impact of RE Bill 2013

Once RE Bill 2013approved by cabinet gets nod of parliament will become law, consequently all brokers and agents will have to get registered with the real estate regulator authority before they can practice. Builder will have to provide a list of agents who will represent and sell each project.

Once the project gets approval and is registered, all details will have to be uploaded on the website and updated every quarter. This encompasses unveiling the extent of project completion.

residential housing projects

RBI seeks to boost demand for residentialhousing projects by relaxing norms. With risk weight and provisioning requirement coming down, banks will now charge lower interest rates for such loans in order to enlarge demand for residential property.

The Indian Property Show

The 12^th edition of The Indian Property Show inaugurated by Sultan Butti Bin Mejrin, Director, General Land Department, Govt of Dubai, at Dubai World Trade Centre is expecting footfalls of around 17,000 visitors. The show was inaugurated on 20^th June and is expected to end on 22^nd June.  This three-day property extravaganza has the provision for valet parking.

Pankaj Bajaj | Eldeco Real Estate Group India

According to the Cushman & Wakefield latest report International Investment Atlas ”India ranked 20th among the top 20 real estate investment markets globally with investment volume of $ 3466 million recorded in 2012." With the increase in number of property transaction along with higher profitability this sector is moving swiftly towards maturity phase.

Eldeco Infrastructure Managing Director Pankaj Bajaj

Eldeco InfrastructureManaging Director Pankaj Bajaj said, "At the present time, we commence our real estate projects even if we receive 70-80% of government approvals. But with the new amendment and provision, we will be compelled to make the purchasers expend and wait more."

Mr. Pankaj Bajaj, Managing Director

Eldeco Group is the parent company of Eldeco Infrastructure and Properties Ltd. (EIPL) and is professionally managed by Mr. S.K. Garg, Chairman and Mr. Pankaj Bajaj, Managing Director. Eldeco Group is synonym to transparency, quality and timely delivery. EIPL was founded by Mr. Pankaj Bajaj in 2000.