Why Vijayawada Real Estate Still Rising www.IJMProp.com
Introduction • Real estate agents and construction companies on the Vijayawada-Amaravati-Guntur stretch are pinning their hopes on the works of the capital, after declaring Amaravati as Capital of AP real estate boosted in Vijayawada and Amaravati. • But in the middle it was goes down from last year oct to this year march. However, Real estate is such a thing their values will not decrease as per time but it will always increase. • So the price of the apartment buildings and lands are now still in high demand. As because it is already declared as Capital City, it’s a common sense that it will surely develop rapidly with more organized and planned manner. So more no of business start-up is coming up very soon. • Most of the Investors, entrepreneurs are already invested and some are eagerly waiting to invest in these cities.
Some Important Info. Regarding Real Estate • According to the main global financial services, in the future, sales of residential properties will recover gradually in the medium term. • "We believe that India's residential real estate sector is on the cusp of a gradual reactivation of demand helped by affordability at the best levels of 15 years, high expectations of property price increases in the next one or three years, Reasonable comfort in personal finances and the implementation of new regulations aimed at regaining buyer confidence, "the report said. • In addition, the improvement in current growth prospects for weak job creation / income could lead to even faster growth, he said. • "We expect 5-7 percent growth in the rental of office assets in technology cities between fiscal year 2016 and fiscal year 20, aided by pre-compromised demand amid limited supply," the report said.
Continue.. • After the implementation of the Real Estate Regulation and Development Law (RERA), although the impact of demand is being delayed, the impact on supply is already visible. • RERA was introduced in 2017 to improve consumer confidence in the purchase of properties, especially in the purchase of units under construction. • "The implementation of RERA has been slow and the knowledge is much lower than we expected, which may mean that demand takes longer to recover, but the favorable dynamics of the offer is already visible," UBS said in a statement. investigation. • The report also adds that the high levels of inventory in the sector have also receded. Our latest survey of urban consumers also suggests high expectations of property price increases.
Government discusses ways to boost real estate sector with stakeholders • The reduction of GST, some tax concessions and the increase of investment were some of the main demands raised by real estate developers in a meeting with the government in the recent period, according to the industry players. • The meeting was more about the impediments in the real estate sectors, said the president and general manager of NBCC, Anoop Kumar Mittal, after the meeting. • "The developers raised some problems, including taxes," he said after the meeting. • Although the meeting was convened by Finance Minister Piyush Goyal, he could not attend due to a compromise in Parliament.
Continue: • After the meeting, Dr.Nirajan Hiranandani of the Hiranandani Group said there were suggestions for reducing the goods and services tax (GST) from 18 percent to 12 percent. • In addition, there was a discussion on how to make the Real Estate Law (Regulation and Development) more effective and complete the unfinished projects that languish due to the scarcity of funds. • The meeting also deliberated on promoting affordable housing and the National Mission for Urban Housing, which seeks to provide housing for all by 2022. • This meeting, said Mittal, was basically to understand the problems in the real estate sector and to listen to the industry about what central and state governments could do to improve the ease of doing business. • Sources: Times of India -26 July 2018
About Vijayawada: • Any city would need Land, Water, Air, Road and Rail connectivity for it to build up as a World class city. • Vijayawada has all these: • Land – National highways 5 and 9, Inner and Outer ring roads. Bridges and flyovers connecting CRDA region (Vijayawada, Guntur, Tenali, Mangalagiri, Amaravathi). • Air – Gannavaram International airport • Water – Machilipatnam port and Buckingham canal development. • Road – One of the Biggest Bus station among Asia • Rail –Biggest Railway junction classified as A1 status.
Now National highways gives boost to real sector in capital region • Now real estate is getting boost because of the new expansion of NH-65 works. The fast pace of works also gave confidence to the realtors and they immediately founded their projects depending on the demand of highway facing sites. • Many commercial companies were connected to land along the highway and satellite villages such as Kanuru, Poranki, Tadigadapa, Penamaluru, Kankipadu witnessed large investments by real estate agents. • As commercial companies began to enter, the demand for residential companies began to grow in these areas.
Infrastructure for MICE to be developed in Amaravati • With an objective to promote Amaravati as ‘a preferred destination’ for Meetings, Incentives, Conferences and Exhibitions (MICE) in Asia Pacific region, the AP Capital Region Development Authority (APCRDA) is taking steps for the development of necessary infrastructure in the capital region. • Facilities such as a mega convention centre, an exhibition centre, a five-star hotel and allied services would be developed on the 42 growing acres of the Central Business District proposed in the capital. • In August of last year, the CRDA had invited Request for Quotation (RFQ) to private players of national and international renown for the creation of the MICE infrastructure, but recently cancelled it. • The sources said that the authority decided to cancel the RFQ requests after finding that only one applicant was eligible for the next round of selection. "When we invited RFQ, we received four applications, of which only one was eligible, and since we could not award the project without any competition, we cancelled it on July 4 of this year, and we will now invite the Request for Proposal on August 1." said an official to TNIE.
Continue: • Given that many of the Public Private Partnership (PPP) projects receive a lukewarm response from investors, the CRDA, which has partnered with IL & FS Urban Infrastructure as a consultant for that project, has decided to encourage private participation by allocating 20 of the 42 acres for commercial development. • "For the project to be financially viable, we have decided to give 20 acres of land where the investor can develop commercial and residential components," he said. • "However, the land will be granted only after the developer creates the minimum infrastructure required by the CRDA. The MICE facilities will be developed on the other 22 hectares, which will be leased with a 66-year concession period. "added the official. The estimated cost of a project is around 300 crores. • Officials hope to conclude the bidding process by the end of September. • However, it depends on the participation of private players. "Once the developer is identified, we expect the MICE infrastructure to be developed in two years," the official observed.
Conclusion: • As the above all the results become increasing the Real estate demands and now it is going to be stable as because development work is started people are mostly searching for Residential Apartments for sale near Vijayawada to buy their flats and apartments to live or to give in rentals. • With that most of the business already setup there. It is soon going to be the most populated city in India in the very near future. • So in within this IJM Infrastructure India Limited started implementing its new project Rain Tree Park Dwaraka Krishna Phase-2 i.e Willows Grande with all great amenities, You can Check out this -Luxury Apartments for sale in Vijayawada – A CRDA Approved Flats that fulfil all your requirements.
Contact Us: Address: • Properties DivisionRaintree Park Dwaraka Krishna IJM Lingamaneni Township Private limitedOpp Nagarjuna UniversityNH-5, Vijayawada-Guntur Highway • Telephone : +91-8499 844455 Telephone : +91-7702200333 / 123 • Email : email@example.com