When we were kids and asked to draw a painting of a house, we made two storied houses with a garden and hills in the background, a river flowing nearby and a setting consisting of trees, animals and birds. But in the present world, due to increased population and enhanced development, open spaces are reducing and high rise buildings are increasing. Additionally, due to the high cost of living and elevating property rates, the demand for small homes is increasing day by day.

Various fund management companies with their investments into the real estate sector have not seen growth in the recent past, irrespective of whether they were into commercial or residential projects. But in the recent wake of various developments by the government the overall scenario of the real estate sector is improving and will improve further as expected by industry experts. The recent demonetization drive from the government which...

This arrival of Information Technology business parks and steadfast Special Economic Zones (SEZ) has invigorated the dawn of Sholinganallur as the IT hub of Chennai. Given the fact that it is surrounded by other IT-prevalent regions like Perungudi, Siruseri and Taramani, there’s no wonder that Sholinganallur is rapidly increasing its IT-based population. The fact that it is well-connected by roads and trains, branching off in every direction is...

The recent demonetization drive from the government which banned the use of 500 and 1000 denomination notes to be used as a legal tender is also likely to help the real estate sector to grow. The notes of the mentioned denominations were mostly unaccounted and were used to buy resale properties, thereby affecting new projects. Now, all projects will have a level playing field which will be beneficial in the longer run. Moreover, Owing to the...

NRIs who are thinking to buy a property in India; this is the ideal time for them to do so. Especially, in the wake of the recent demonetization drive by the government. The recent demonetization drive from the government which banned the use of 500 and 1000 denomination notes to be used as a legal tender is also likely to help the real estate sector to grow. The notes of the mentioned denominations were mostly unaccounted and were used to buy...