Big news for budget homebuyers more volume of affordable projects are going to hit the market in no times. It’s not that government has approved more projects than scheduled. It’s for meeting the timeline of central government flagship project ‘Housing for All by 2022’. In order to develop comprehensive projects, now developers are aiming to use up new construction techniques like aluminium shuttering, precast concrete technology and fast drying systems to deliver projects within the specified time limit. Thus, it’s predictable that along with the other metros residential property sale in Kolkata will also speed up. Highlighting Kolkata as property price in Kolkata is cheaper than the other states, coining which Kolkata holds the capacity to lure the investors from various blocks of the income brackets.
Property consultant company Colliers International suggests that particularly after the Real Estate Regulatory Authority (RERA) Act underlines timely deliverance of projects, developers are considering advanced techniques and automation for rapid development of their respective projects. Adoption of modern technologies will help them to a greater extent for timely deliverance and well as top keep going under stringent RERA norms. Delay in deliverance will cost them greater than their business.
Buyers now demand fast completion of a world-class quality project against their investments. Besides, the growing need for commercial properties side-by-side the residential ones also insists faster development of the due projects. Thus, it has become the need of the moment to use advanced construction materials and mechanism to meet the market demand. The construction business in India is presently on the verge of taking up new technology, digitization, advanced materials. Artificial intelligence is the latest addition in the block. It has the potential to singlehandedly sort out all-inclusive issues of the development process. These technologies are not only economical but reduce the input of extensive manual labour, advanced earthquake resistance, more durability than traditional constructional process such as- higher carpet area, smooth finish on walls and lower on continuance..
Sources say that about 2 million affordable homes are yet to be built under PMAY scheme across the country and all these need to be completed within 2022 withal.
The entire development needs to be certifiably durable so that affordable housing sector can attract heavy investment and bring realize bigger success to union government’s one of the most ambitious projects till this time. Many private developers have started using these technologies to finish their affordable housing projects and to boost this noble initiative of the government for providing homes to the homeless and economically weaker section of the society. Experts say that today’s affordable housing is tomorrow’s big ticket. Affordable housing is currently going through the roofs with government’s incentives and reduced home loan interest facilities. It’s also discounted from GST ambit. There is also significant (20-25%) growth in housing loan business coming from the demand of apartments priced under 30 lacs. Currently, developers are full of hands with attractive options of budget apartments.
-LNN (Liyans News Network)
Property consultant company Colliers International suggests that particularly after the Real Estate Regulatory Authority (RERA) Act underlines timely deliverance of projects, developers are considering advanced techniques and automation for rapid development of their respective projects. Adoption of modern technologies will help them to a greater extent for timely deliverance and well as top keep going under stringent RERA norms. Delay in deliverance will cost them greater than their business.
Buyers now demand fast completion of a world-class quality project against their investments. Besides, the growing need for commercial properties side-by-side the residential ones also insists faster development of the due projects. Thus, it has become the need of the moment to use advanced construction materials and mechanism to meet the market demand. The construction business in India is presently on the verge of taking up new technology, digitization, advanced materials. Artificial intelligence is the latest addition in the block. It has the potential to singlehandedly sort out all-inclusive issues of the development process. These technologies are not only economical but reduce the input of extensive manual labour, advanced earthquake resistance, more durability than traditional constructional process such as- higher carpet area, smooth finish on walls and lower on continuance..
Sources say that about 2 million affordable homes are yet to be built under PMAY scheme across the country and all these need to be completed within 2022 withal.
The entire development needs to be certifiably durable so that affordable housing sector can attract heavy investment and bring realize bigger success to union government’s one of the most ambitious projects till this time. Many private developers have started using these technologies to finish their affordable housing projects and to boost this noble initiative of the government for providing homes to the homeless and economically weaker section of the society. Experts say that today’s affordable housing is tomorrow’s big ticket. Affordable housing is currently going through the roofs with government’s incentives and reduced home loan interest facilities. It’s also discounted from GST ambit. There is also significant (20-25%) growth in housing loan business coming from the demand of apartments priced under 30 lacs. Currently, developers are full of hands with attractive options of budget apartments.
-LNN (Liyans News Network)
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