Know What Are The Housing Expectations In 2017

Posted by R.Deepak on May 2nd, 2017

India’s real estate industry is expected to make a notable turnaround this year. Thomson Reuters announced that India is projected to grow by 7.2% in 2017, and 7.0% in 2018. The country’s housing industry was dormant in the last few years relative to other countries in Asia, but that is quickly changing. 

Things are looking up for the upcoming villa projects in the nation. According to the ‘2017 Emerging Trends in Real Estate Asia Pacific’ report released by the Urban Land Institute, Mumbai and Bangalore remain the top cities for prospect buyers when it comes to both development and investment. Other interesting areas to consider for potential home owners are the upcoming luxury villa communities in Coimbatore. This fast-developing city is one of the areas covered by the Smart Cities Mission by the country’s Prime Minister. 

Because of these optimistic expectations in India’s housing economy in 2017, people— especially those in the middle class—have the perfect opportunity to purchase a property for themselves or for investment purposes. India’s population is increasing at a fast rate and the country is expected to be the most populous country in the world by 2022, according to the study by the United Nations. With the rapid growth of the population and minimal household debt, everyone is poised and ready to buy a property—especially since the local finance industry is maturing to fit their client’s lending needs. The central bank also continuously cuts down the interest rates. In case you were wondering about when is the perfect time to buy the luxury villa of your dreams, this is the year for you to do just that. 

Luxury villas in upcoming community projects are more affordable now than ever. Developers also help their clients secure loans with the local banks to ensure a hassle-free purchase transaction. Their villas become more cost-efficient because of energy-saving designs such as solar panel water heaters. There are elegant villas in secure communities in relaxing cities such as Coimbatore that have energy-efficient, environmentally friendly cooling systems and specially designed architecture that help in reducing the cost of running the household. Not only are their homes luxurious—their locations are also world class because of the tranquil environment and cool climate. 

About The Author: 

R.Deepak Vignesh Var is the CEO of JRD Realtorss. JRD Realtorss is one of the best Builders of Villas in Kovaipudur and Land Promoters of Properties. They have a well-managed architectural and engineering team that has closely partnered and worked with globally acclaimed architects and many others, to achieve both aesthetic and efficient designs. They create best ultra-luxury villas in Kovaipudur, Coimbatore and very serene place of living with great environment.

Like it? Share it!


R.Deepak

About the Author

R.Deepak
Joined: May 6th, 2016
Articles Posted: 11

More by this author