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Residential Complexes
Created 17th October 2008 @ 03:51
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High middle class people have always seen to bear a soft corner for leisure based conveniences. They cherish such amenities more if available within their residential premises. Of all activities, the growing community of senior executives loves to stay on Golf course for a longer time. Golf is increasingly playing a part in a broader lifestyle scheme of affluent people. Residential complexes abutting golf courses offer the feeling of living among wide open spaces along with rendering a chance to residents to indulge in a leisurely sport. Builders have just woken up to the fact that they can see more if they keep such value-added services in mind while constructing residential premises. Builders are soon coming up with a super luxury residential project. The entire community will be built around the golf course thereby promising each Apartment in Tripunithura view of an incredible green park every day. Developing residential premises with the arrangements for such leisure activities is an attractive concept to both developers and buyers. Indian real estate has great potential for growth which is bringing great money. The market is sure to attract attention of Private Equity (PE) players and prospective cross-border investors through the route of Foreign Direct Investments (FDI). Also, corporatisation of the space will help Indian builders to woo funds. An increase in number of companies being represented on the bourses will bring greater transparency, accountability, and corporate governance.
In an effort to control its falling home loan disbursements, ICICI Bank recently snipped its interest rates on home loans by 50 basis points. The reductions will be applied to all loans below Rs 20 lakh. The institution has decided to cut on rates following a decision by the Reserve Bank of India (RBI) to allow render more weightage to home loans up to Rs 20 lakh. Clearly, an increase in home loans can help the bank meet its sector obligations.
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