CHANDIGARH, India, Nov. 4, 2019 /PRNewswire/ -- India is experiencing an economic transition and there is an increased demand for Affordable Housing, for Mid-level Income Groups.
2019 has been a promising year for the Real Estate market in Chandigarh Tricity. Jatin Mohan Seth, North India's renowned Real Estate Consultant and Director of Family Nest Real Estates (P) Ltd, Chandigarh; quips on the current trends in the market - "Builders have been able to induce a sense of confidence and transparency
Big players like DLF, OMAXE, BESTECH and ATS have already marked their presence in Chandigarh Tricity by handing over possessions for existing projects and adding new lucrative projects to their inventory. Biggest player from Mumbai; SHAPOORJI PALLONJI Group, is also coming up with a Group Housing Project in Mohali.
Other Government initiatives like building Smart Cities, providing housing to all by 2022 under the Pradhan Mantri Awas Yojna, implementation of RERA for increased transparency, raising interest deduction limit on Home Loans - announced in the Budget recently, are targeted to boost Private Sector participation in Affordable Housing Projects.
According to Jatin Mohan Seth, "Since implementation of RERA, the market is experiencing greater Tust and Support from Home Buyers; Builders are also working under serious deadlines for Project Deliveries and everyone is happy with the increased transparency."
Jatin Mohan Seth, Director, Family Nest Real Estates (P) Ltd; further comments - "We are Corporate Members, Confederation of Indian Industry, CII and a regular Participant in CII Chandigarh Fair; REALCON. This year, Event was held between 18-21 October'19, in Sector 17, Chandigarh & we got a huge response from Customers looking for Residential and Commercial Property."
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