December 21, 2019

What is aiding the Residential Realty Evolution?

Rakesh Reddy, Director, Aparna Constructions, For Silicon India Magazine

In his recent conversation with Silicon India, our Director Mr. Rakesh Reddy shared how the customer preferences have impacted the residential sector’s growth. This is due to various factors that helped increase customer demands, such as-

  • Feasibility and affordability of 2 BHK apartments in most of the major cities like Hyderabad, Bangalore & Delhi, which are on high demand among the majority of home-buyers.
  • Increasing demand for luxury houses due to the NRIs moving in, or investing in properties in the major cities.
  • Implementation of government policies like RERA increases the customer’s trust in builders.
  • Ease in property rates due to reduced GST on under-construction projects results in higher demand.

The increased interest of home-buyers has directly resulted in the growth of the real-estate residential sector. Read in detail about Mr. Rakesh Reddy’s views here