Housing needs : CoLive provides new hope for millennial


 

                                                                                             

Blowing away all the negativities that the real estate sector had gathered over the last couple of years due to long extended policy paralysis situation, the year 2018 is expected to see the rise of real estate sector in the country and as the beginning of a new dawn for the industry with the implementation of major policies including enactment of Real Estate Regulations and Development Act (RERA), according to Ms. Ishanee Sharma, Delhi based High Court lawyer and real estate consultant

 

Definitely RERA acted as a catalyst in institutionalisation of real estate sector with the bigger role in escorting developers to regain the lost trust of the majority of buyers. Apart from bringing more transparency in dealings, RERA also helped in curbing the perennial malpractices done by the fly-by-night operators. All throughout the year 2017, the developers as well remained focussed on delivery of their on-going projects. As a result, the investors’ outlook has also turned positive, though it has not yet reached the level of the year 2007.

 

Commenting on the situation Ms. Ishanee Sharmasaid, “With the implementation of RERA, the much-desired transparency in terms of buyers’ aspirations has already been achieved and hence buyers’ confidence in the market has grown. All these recent policy measures have also given a boost to confidence of foreign investors in the Indian real estate sector.”

 

Amid all these, there still remains an urgent requirement of speedy infrastructure development in the wake of growing real estate demand from all across the country including tier-II and tier-III cities. Stating about the requirement of infrastructure for rapid urbanization, it doesn’t mean only construction of roads and huge bridges, but it actually signifies easy availability of basic amenities and sufficient social infrastructure such as availability of healthcare centers, parks and recreation centers, among others. The government has to implement its planned initiatives quickly to improve the infrastructure in all these cities. It is loud and clear that the future of the real estate sector stands on the edifice of speedy infrastructure growth and it is also the most crucial requirement for fast track urbanization.

 

Ms. Sharma further adds, “One key positive impact of demonetisation and RERA (Real Estate Regulation Act) has been that speculative investors deserted real estate and end-users/genuine buyers, who were all these years pushed to the sidelines, came out in large numbers. Now, it is the property consumers who are driving the real estate market, especially residential market, aided by the government’s pro-industry and pro-consumer initiatives. Other than in terms of the initial confusion-induced decline in sentiment, the trend that is emerging now, points towards a recovery in buying sentiment with serious buyers already returning to primary markets.”

 

For the Indian real estate sector facing rough weather for quite some time, the year 2018 is expected to usher in an era of renewed optimism. Even though the buyers had taken cautious approach towards entering the real estate market till the second quarter of the year 2017, there has been noticeable improvement in the market sentiments at the year-end. It was clearly the outcome of the increased transparency brought in by RERA in terms of buyers expectations. As we move into the year 2018 there’s hope on the horizon and so we believe the real estate buyers, particularly the end-users, will be back to take the plunge and go with the best real estate brands. The despondency has already given way to optimism and so the buyers are here to shed their reluctance to invest in real estate sector.

 

 

 

 

 

 

 

Housing needs : CoLive provides new hope for millennial

 

CoLive is a technology powered network of branded serviced homes conveniently located near educational institutions & workplaces. The company offers stylish, safe and smart homes for students, single professionals, and young couples. Homes are fully furnished and are fashionably modern, enhanced with amenities and built on the foundation of making home a safe and secure place to live in. all homes are fully managed and serviced for customer and yet affordable. CoLive with a vision to manage a million homes for students and professionals, shall operate across 25 cities and university towns in India

CoLiving is the new way of living. At CoLive we offer you more than just a home. We provide a community that nurtures, encourages and assists in your personal and professional development, quotes a note from CoLive. What does CoLive offer: Fully furnished and comfortable homes that include your personal space and shared spaces. Bedroom, bathroom, living, kitchen, amenities and entertainment are all part of one all-inclusive bill (rent + maintenance) that you pay each month. Facilities like housekeeping, electricity, high-speed wi fi internet, security, gas, cable are all taken care of. There are no hidden charges. The security deposit which is refundable on completion of the lease period is just two months of rent.

Coliving is for young millennial who have just moved into a new city and instead of living alone they would rather live and spend time with like-minded millennial. Coliving is for people who are fed up of putting up with greedy landlords, annoying roommates, high security deposit amounts and crazy rents. Coliving is also for those who want to live well but do n o t want the hassles of running a house. They would rather pay one all-inclusive bill for the comfort & luxury of staying in a thriving environment. Coliving is for people who want to enjoy the benefits of living in a community that understands you, encourages you and assists you in your personal growth and development.

 

                                                                                             Ishanee Sharma

 

Blowing away all the negativities that the real estate sector had gathered over the last couple of years due to long extended policy paralysis situation, the year 2018 is expected to see the rise of real estate sector in the country and as the beginning of a new dawn for the industry with the implementation of major policies including enactment of Real Estate Regulations and Development Act (RERA), according to Ms. Ishanee Sharma, Delhi based High Court lawyer and real estate consultant

 

Definitely RERA acted as a catalyst in institutionalisation of real estate sector with the bigger role in escorting developers to regain the lost trust of the majority of buyers. Apart from bringing more transparency in dealings, RERA also helped in curbing the perennial malpractices done by the fly-by-night operators. All throughout the year 2017, the developers as well remained focussed on delivery of their on-going projects. As a result, the investors’ outlook has also turned positive, though it has not yet reached the level of the year 2007.

 

Commenting on the situation Ms. Ishanee Sharmasaid, “With the implementation of RERA, the much-desired transparency in terms of buyers’ aspirations has already been achieved and hence buyers’ confidence in the market has grown. All these recent policy measures have also given a boost to confidence of foreign investors in the Indian real estate sector.”

 

Amid all these, there still remains an urgent requirement of speedy infrastructure development in the wake of growing real estate demand from all across the country including tier-II and tier-III cities. Stating about the requirement of infrastructure for rapid urbanization, it doesn’t mean only construction of roads and huge bridges, but it actually signifies easy availability of basic amenities and sufficient social infrastructure such as availability of healthcare centers, parks and recreation centers, among others. The government has to implement its planned initiatives quickly to improve the infrastructure in all these cities. It is loud and clear that the future of the real estate sector stands on the edifice of speedy infrastructure growth and it is also the most crucial requirement for fast track urbanization.

 

Ms. Sharma further adds, “One key positive impact of demonetisation and RERA (Real Estate Regulation Act) has been that speculative investors deserted real estate and end-users/genuine buyers, who were all these years pushed to the sidelines, came out in large numbers. Now, it is the property consumers who are driving the real estate market, especially residential market, aided by the government’s pro-industry and pro-consumer initiatives. Other than in terms of the initial confusion-induced decline in sentiment, the trend that is emerging now, points towards a recovery in buying sentiment with serious buyers already returning to primary markets.”

 

For the Indian real estate sector facing rough weather for quite some time, the year 2018 is expected to usher in an era of renewed optimism. Even though the buyers had taken cautious approach towards entering the real estate market till the second quarter of the year 2017, there has been noticeable improvement in the market sentiments at the year-end. It was clearly the outcome of the increased transparency brought in by RERA in terms of buyers expectations. As we move into the year 2018 there’s hope on the horizon and so we believe the real estate buyers, particularly the end-users, will be back to take the plunge and go with the best real estate brands. The despondency has already given way to optimism and so the buyers are here to shed their reluctance to invest in real estate sector.

 

 

 

 

 

 

 

Housing needs : CoLive provides new hope for millennial

 

CoLive is a technology powered network of branded serviced homes conveniently located near educational institutions & workplaces. The company offers stylish, safe and smart homes for students, single professionals, and young couples. Homes are fully furnished and are fashionably modern, enhanced with amenities and built on the foundation of making home a safe and secure place to live in. all homes are fully managed and serviced for customer and yet affordable. CoLive with a vision to manage a million homes for students and professionals, shall operate across 25 cities and university towns in India

CoLiving is the new way of living. At CoLive we offer you more than just a home. We provide a community that nurtures, encourages and assists in your personal and professional development, quotes a note from CoLive. What does CoLive offer: Fully furnished and comfortable homes that include your personal space and shared spaces. Bedroom, bathroom, living, kitchen, amenities and entertainment are all part of one all-inclusive bill (rent + maintenance) that you pay each month. Facilities like housekeeping, electricity, high-speed wi fi internet, security, gas, cable are all taken care of. There are no hidden charges. The security deposit which is refundable on completion of the lease period is just two months of rent.

Coliving is for young millennial who have just moved into a new city and instead of living alone they would rather live and spend time with like-minded millennial. Coliving is for people who are fed up of putting up with greedy landlords, annoying roommates, high security deposit amounts and crazy rents. Coliving is also for those who want to live well but do n o t want the hassles of running a house. They would rather pay one all-inclusive bill for the comfort & luxury of staying in a thriving environment. Coliving is for people who want to enjoy the benefits of living in a community that understands you, encourages you and assists you in your personal growth and development.


SSN Sastry

SSN Sastry

Senior journalist having worked with leading and English dailies and magazines as Sub Editor, Senior Sub Editor and edition in-charge and Senior/Chief Reporter and Special Correspondent.

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