16 Dec 2020KEY OBJECTIVES
The objective of this blog is to educate home buyers regarding the most essential factor and that is the location of the property. When a location offers growth potential in terms of employment or infrastructure or other amenities or facilities, then it is considered safe to invest your hard-earned money in real estate projects in such locality.
One such location is Rajarhat. You will know in this blog:
You will find out the 3 biggest catalyst which makes Rajarhat a dream destination for thousands of home buyers.
Keki Mistry, HDFC’s vice president, and CEO noted that banks are now distinguishing between strong and poor lending developers, which will help developers float well on the market by enhancing the efficiency of balance sheets, preventing over-leveraging, and remaining well-capitalized.
Calling the current home loan rates the lowest in the last four decades, Keki Mistry has forecast that the lower interest rate regime will continue for another six to twelve months, offering homebuyers the best opportunity to buy homes.
In the last four decades, home loan rates have been the lowest. The climate of benign interest rates will continue for the next six to 12 months. Economic and real estate growth has been sharp.
The best buying opportunity for homebuyers has been extended by factors such as the RBI infusing much-needed liquidity into the industry, various concessions granted by the government, and developers such as the stamp duty relaxation. With the lowest interest rate system, the trend will continue,” he said.
Mistry warned that due to higher inflation, the RBI will face some pressure that will further decrease its ability to cut rates. He also noted that the banks are now differentiating between strong and weak lending developers, thus improving the quality of balance sheets, avoiding over-leveraging, and remaining well-capitalized will help developers float well in the market.
He also predicted that shortly, investment in the construction of co-working spaces will rise and further restructuring will take place at the level of the projects.
He was speaking in collaboration with APREA at the NAREDCO’ Real Estate and Infrastructure Investors’ Summit (REIIS)-2020.
The IT bellwether had an initial Rs 100 crore investment plan with the development of about 1,000 engineering jobs in the 5,25,000-sq ft New Town centre.
According to confirmed sources from West Bengal Government, IT giant Infosys will begin work in Rajarhat New Town from July 2021 for its maiden project in the state and will complete it in two years.
Wipro too is committed to investing in the state’s second campus.
Infosys officially announced the commencement of work on its new software development centre in Kolkata at the foundation stone-laying ceremony of the Bengal Silicon Valley Hub by the Chief Minister on August 13, 2018, but it did not disclose any data. The IT bellwether had an initial Rs 100 crore investment plan with the development of about 1,000 engineering jobs in the 5,25,000-sq ft New Town centre.
The ‘free-hold status for the land parcel in Rajarhat was given to both Wipro and Infosys. In New Town, the IT duo was given 50 acres each.
The numero uno position goes to Magnolia for developing Rajarhat localities which hold strong potential for growth in terms of price and infrastructure. Check their latest Rajarhat project Magnolia Merlion
In addition to these two megaprojects, according to West Bengal Government, in the second phase, the Cabinet had approved an additional 100 acres for Silicon Center. Now the state silicon hub already has 100 acres and much of the land plot has already been booked. 20 more land applications in the hub have been received by them.
SUMMARY
HDFC’s vice president and CEO, Keki Mistry, has forecast that the lower interest rate regime will continue for another six to twelve months. Mistry warned that due to higher inflation, the RBI will face some pressure that will further decrease its ability to cut rates. He was speaking in collaboration with APREA at the NAREDCO’ Real Estate and Infrastructure Investors’ Summit (REIIS)-2020.
Infosys to begin work in July 2021 for its IT hub in Kolkata. The IT bellwether had an initial Rs 100 crore investment plan with the development of about 1,000 engineering jobs in the 5,25,000-sq ft New Town centre in Rajarhat New Town. The project will be completed in two years. It will be the company’s maiden project in the state and will complete two years after its announcement on August 13, 2018. It has a plan to develop a software development centre in Bengal with a total investment of Rs 100 crore.
The ‘free-hold status for the land parcel in Rajarhat was given to both Wipro and Infosys. In New Town, the IT duo was given 50 acres each. The cabinet had approved an additional 100 acres for Silicon Center.
Catch a glimpse of the latest highrise complex in Rajarhat. Go for a site inspection before stocks finish. Click here
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