Reality Sector Archives - Esspee Group

Impact Of COVID-19 On The Real Estate Sector

Just like all other segments of the economy, the real estate market too is reeling under the impact of COVID-19 pandemic. But there is a silver lining despite all the fear mongering and panic. The pandemic is likely to show many opportunities for buyers and sellers alike. The luxury housing sector may see a reduction in prices while developers may also offer attractive freebies and discounts to those investing in the mid segment. Some of these may include deferred payment plans or even a free Corona insurance in the wake of this new normal. Affordable housing may also see a…

Gujarat Government Hikes FSI To Boost Realty Sector

October 12, 2019
Esspee Group
Reality Sector

After the recent step to bail out stalled housing projects by Central Government, Gujarat Government also undertook a few measures for boosting the state’s real estate sector. One of the prominent measures taken by the state government was raising the Floor Space Index (FSI). Besides FSI it has also granted special approval for building ‘Iconic buildings’ in four cities. i.e. Ahmedabad, Surat, Vadodara and Rajkot. Floor Space Index is the maximum area that can be constructed on a plot of land. It is calculated by dividing the total covered built-up area on all floors of a building by the area…