Before
some days, Union finance minister Arun Jaitely announced about 100 smart cities
of modern and latest technology and first rate infrastructure for higher living
standards will be rapid and swift boom for residential areas. With main purpose
to offer affordable and luxury housing for all by 2022, he also provided a tax incentive for home vendor
by increasing the extra tax incentive on home loans. This recent announcement has
inspired the home buyer’s confidence and capability to buy a luxury home at reasonable
price especially in lodging areas.
The
new and stable government has a prediction to create nearly 500 inhabitants
with provisions for safe and clean drinking water and sewerage management,
proper use of recovered water for growing organic vegetables and fruits, solid
waste management and digital connectivity through public-private
partnerships”, he confirmed.
The
realty market of Bangalore has been affirmative and flexible because of classy
social and physical infrastructure development and high absorption of luxury
apartments, flats and luxurious villas. Even though home buyers in Bangalore
picking up wait and watch approach since from the recent announcement of “
Housing for all by 2022 year,” on the account of luxurious apartments reaching
the saturation point and huge supply and healthy demand bottleneck. It means
home buyers are waiting for reasonable prices. As per
the recent survey, during June-September quarter Bangalore observed a plunge in
the sales by 35 % as the inventory of unsold properties has risen rapidly.
For more
information about luxury apartments, click on Luxury Apartments in
Bangalore
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