Monday, August 13, 2012

High rate of urbanisation and growing percentage

High rate of urbanisation and growing percentage of real occupants will drive growth for the realty sector in jaipur, says anil sharma

Investors who are presently investing are those who are looking at both rental income as well as appreciation in property price in next few years. As far as the actual selling strategy goes, builders are offering properties with new features at good locations. To lure investors and end users, builders right now are constructing properties in new developing areas and offering villas in place of flats and apartments for which demand has emerged. Better ambience along with more facilities is being offered in the townships by the builders. Lokendra Garg of Agarwal Properties says, “Builders are also offering affordable housing projects in the range of Rs.5-10 lakhs as a huge chunk of customer are from the salaried class.” Even cities like Jodhpur, Kota and Udaipur are expecting a robust growth of 15-20% this year. The state government with an aim to give a boost to the real estate sector has come out with a new affordable housing policy for the poor, low-income and economically weaker sections of society with the target of constructing 1.25 lakh dwelling units for them during the next five years. Every year 25,000 houses would be constructed in various cities of Rajasthan. As per Rajasthan’s CM, Ashok Gehlot, the policy is aimed at meeting the housing shortage for low-income groups in the state with encouragement for private sector participation. The applicants under the economically weaker and low-income categories will be allotted houses at a cost of Rs.2.40 lakh to Rs.3 lakh under the scheme. This coupled with the rapidly growing urbanisation of the state and especially Jaipur leaves a lot of untapped potential waiting to be exploited by regional players.


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