Category Archives: Real Estate Blog’s

Changes in The Indian Real Estate Sector Over the Past Decade

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India has been witnessing a considerable change in the real estate sector over the past decade, owing to the opening up of this sector to Foreign Direct Investment (FDI) in 2005. This FDI commenced the entry of new vistas for funding and capital inflows, which had only a restricted scope till 2004. This move played as remarkable factor in further increasing the fundamental growth in various sectors.

The contribution of the real estate sector to India’s gross domestic product (GDP) has been estimated to be over 6% and the segment is expected to generate millions of job. The housing segment contributes roughly 5%–6% of the country’s GDP; at the same time, the retail, hospitality and commercial subsectors have also grown incessantly, meeting the escalating infrastructural requirements.

During this time period (2005-2015), the country noticed a titanic shift in the residential and commercial concepts. In the case of housing segment, we moved from independent low-rise villas and houses to high-rise apartment complexes. As a massive influx of people happened towards bigger towns and cities due to higher employment opportunities, ‘accommodating all’ became the need of the hour. In the commercial sector, traditional family-oriented business gave way to modern private and corporate sector, and thus gave rise to investment-based office space. These changes stayed as the cornerstone in the evolution of an organised real estate sector in India since 2005.

This period has also observed the rising popularity of shopping malls and a declining trend in street sales. As more people started purchasing from malls, the square feet for the office space too has increased almost five times.

Though the sales in residential property declined in 2013, the introduction of Real Estate Investment Trust (REIT) does have a positive impact on the retail market segment. Despite global concerns and economic uncertainty, Indian economy has been performing immensely well, and hence, the retail real estate market appears to be propitious. The recent easing of the norms for FDI in multi-brand retail has already attracted a lot of global retailers.

How should be my 4 BHK Flats?

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As human life is getting more and more urbanized, people prefer moving to cities as a part of their career or for leading a high standard of living. Since the living space for human settlement is shrinking, more populace are being absorbed into flats or apartments. This transition gave rise to the concept of owning a part of a building, rather than the whole mansion.

your dream home in mohali

Your dream Home in Mohali

Having one’s own home is a dream of everyone. According to the budget, people set their preference for their flat, which goes even to 4 BHK for a small family. When most of the family members are working these days, it’s not much a big deal in possessing a big flat. An advantage of these new flats are the contemporary style leaves behind a lot of empty space, which can be neatly maintained. It is a big game for builders to make these type of big flats and it is housing ministry sets tougher builders norms.

How should be my 4 BHK Flats ?

Present day generation likes to be a part of city culture, yet enjoys environment-friendly surroundings. People are getting more health conscious, and for that they like to stay in a pollution free environment. Thus, now they look for lush green gardens and parks around their house. Moreover, they like to keep interior plants, small water bodies, which not only make the place cool, but also beautify the whole space. Many housing complexes and residential associations are engaged in planting tree saplings in parks and their nearby locale.

4 bhk flats in mohali punjab

4 bhk flats in Mohali ,Punjab

Unlike old houses, which are extremely huge, accommodating so many people with a lot of furniture and many other things that give a crowded effect, modern flats keep the concept of housing minimum stuff. This gives a very neat look and is easy to maintain. This arrangement aids them in cleaning the household things fast, as most of the members would be working.

One advantage of 4 BHK Apartment Mohali, is that it has four bedrooms, a living area and kitchen. One can be made as a master bedroom, two for the children and one can be kept either as a guest room or for elder members. Mostly, the living area consists of a space for guests and a dining corner; along with that, there will be a small space as family living area for entertainment. Most of the Four BHK flats have a small foyer and a balcony, and many more facilities. Present day flats give private space for everyone at home, at the same time, it is made in such a way that every room is accessible from all parts. By keeping the minimalist concept, each and every nook and corner can be utilized effectively.

Moreover, modern kitchens are almost like a living room. Old kitchens were constructed exclusively for women, but modular kitchens are so appealing that everybody feels like trying their cooking skill there.

Thus, 4BHK is a good choice for anyone who wish to invest in a good space, where he or she can spend their private time with ease, without carrying the burden of traditional thoughts of heavy household works.

Design and maintenance By Mohaliflats