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Service Villa: The smart choice for every homebuyer

Think Villa and people start worrying about its maintenance. Large spaces are harder to maintain and one needs extra hands to make sure that all the nooks and corners are clean and well maintained. This is one of the major deterrents for people to go for a villa. Service Villa to the rescue Cut to the concept of a service villa. Service villas or service homes are the ones where you have an expert agency on board to help with the overall upkeep of the house or a villa. These are a bunch of professionals that are entrusted with the task of maintaining your villa for you and charge a fixed sum on a monthly basis. So they take over all your concerns and hassles that come with maintaining a villa so that you can peacefully enjoy the extra space and luxurious lifestyle. Since these people are professionals, it is thus a no brainer to trust them to do a good job while you get to use your time and energy on other things. The biggest advantage of outsourcing the housekeeping to experts ...

NRI Are Inclining Towards Commercial Real Estate

Indian real estate is at an interesting juncture. While there are headwinds, such as the growing cost of raw materials and increasing loan rates, there is also an increasing interest from the NRIs. A recent survey has revealed that the NRIs are inclining more towards commercial real estate in a bid to diversify their portfolio and maximise their returns. According to a poll conducted by SB NRI, a business that provides investment and consulting services to NRIs, there is an increased desire for real estate investment among NRIs. The survey also points out that over 52% of NRIs are considering investing in commercial real estate (CRE) to diversify their portfolio. This also demonstrates that commercial real estate has become one of the most desired asset classes for NRIs. Along with this, the report has also projected that Indian real estate will witness a healthy growth rate of 9.2 per cent compound annual growth rate (CAGR) during 2023-2028. Bifurcating on the investment portfoli...

Business News | Retirement and Second Home Market Size Will Increase to $4 Billion by 2026

India's retirement and second home market segment is expected to grow annually by 23.63 per cent in the next 5 years taking the size of the market to USD 4.021 billion by 2026 from the current size of around USD 1.4 billion, an industry report showed. According to 360 Realtors' latest research report, sales for vacation homes have sky-rocketed in the last couple of years. The COVID-19 pandemic has acted as a catalyst and pushed the demand for second homes and retirement houses in India. The concept of retirement and second home (RSH) started to gain traction in the previous decade. With the lockdowns and travel restrictions, more people have warmed up to this idea. "Second homes have been part of an aspirational lifestyle for a long-time, and with the pandemic changing the real estate market in various ways, the second home industry has come into the spotlight," said Aditya Kushwaha, CEO and Director, Axis Ecorp . Kushwaha said purchasing a second home is often not j...

15 Amazing Facts That You Probably Didn’t Know About Sindhudurg

#Fact 1: The district of Sindhudurg was established in 1981. This was done after taking out six Talukas from the original District, Ratnagiri. These Talukas were Kudal, Vengurla, Sawantwadi, Malvan, Kankavli and Devgad. #Fact 2: It was only later that Vaibhavwadi and Dodamarg came to be attached to District Sindhudurg. At present, there are eight Talukas in Sindhudurg District. #Fact 3: From the time of the great Chhatrapati Shivaji Maharaj, this place has a big historical significance.   #Fact 4: It is a place that is known for its great forts, pristine beaches and places of spiritual and religious interests. #Fact 5: While the beaches take up most of the attention at Sindhudurg, there are some majestic waterfalls too in the area. Amboli waterfall is the most notable one and attracts plenty of tourists. #Fact 6:  There are also a couple of scenic waterfalls in Dodamarg as well. Mangeli, Savdav and Napne are some of the prominent ones that are an absolute must-visit ...

Twist in the Plot: Rising Demand for Land Following the Pandemic

The real estate segment showed exceptional tenacity in the year 2020, and it continues in 2021 as well. Last year witnessed an unprecedented patch during the lockdown but as soon as things started to open up, the segment clocked a great rebound. The residential segment has been the key driver in this rebound phase.  An interesting trend that has emerged from the pandemic is the rise in demand for residential plots.    What is driving the current demand for plots? Residential plots were always a top-of-mind option for homebuyers as they offered a number of advantages. However, due to cost considerations and other factors, most homebuyers opt for apartments. According to a report by Square Yards research, the demand for plots increased by a whopping 50 per cent in Oct-Dec 2020 as opposed to the previous quarter.  This pandemic has given homebuyers ample opportunity to weigh in their choices and now more people are inclined towards a plotted property. As per a FICCI-AN...

COVID-19: Real Estate Companies Facing Difficulty to Hold On To Workers amid Fear of Lockdown

  Aditya Kushwaha, CEO & Director, Axis Ecorp said, “Ever since early last year, there has already been a major impact of the lockdown on the developers leading to halting the construction activities at innumerable projects across the country. For almost the last four months the work was progressing smoothly, however, as the cases have started to surge, labourers  are beginning to be impacted by the fear of infection and the lockdown. We’re making a deliberate effort to make the labourers at  luxury Yog Villas   feel more comfortable and secure by making all the necessary arrangements of food storage, provisioning medical supplies, and an additional daily wage to further boost their confidence and intrigue them to stay back for work and to earn more money

Shifting Focus From Metro Cities to Tourist Destinations : Aditya Kushwaha

  While the COVID-19 has by and large dented the confidence level of the real estate developers, Aditya Kushwaha, CEO & Director of Axis Ecorp believes there are a silver lining for the players who are forward-looking in their approach. In an exclusive interview with Track2Realty, Kushwaha asserts that the Work From Home trend would shift the focus from top metro cities to open spaces in and around the tourist destinations. He, therefore, urges the government to look at the Holiday Home segment as a priority sector. Ravi Sinha: 2020 has generally been a bad year for the sector. Has there been any positive developments that bodes well for the year ahead? Aditya Kushwaha:  The real estate sector was already in bad shape before the Covid-19 pandemic, which has only added to the troubles of the distressed industry. April and May were probably the worst months when the economy was broken badly, however recently there has been a good spike in the recovery of the real estat...