Want to own a villa in Fiji?
The overall residential supply scenario in Gurugram is quite healthy, and improvements are being seen on the demand side, as well. In Q1 2017, the growth of new launches showed a 0.78% improvement over Q4 2016, and unsold inventory reduced by 2.3% - without a doubt a positive sign in amarketthatwaslooking at a stagnation scenario.
In terms of housing supply aimed at the EWS category of buyers, Gurugram had 1088 units being constructed between 2010-2015 under the ‘Ashiana’ banner. In October 2016, the Haryana Urban Development Authority (HUDA) repeated its invitation for bids for allotment of such houses. Nevertheless, a majorshareof the available EWS housingsupply in Gurugramhas remained unoccupied. In the years prior to 2014-15, a total of 204 applications for allotment of this supply rolled in, but none of these met with the eligibility criteria and were all rejected.
HUDA’s invitation for fresh bids in October of last year was this time coupled with clearer eligibility criteria which stated that such houses would be allotted to slum dwellers (essentially i ndividuals who have encroached upon Government land and had been residing there for more than 5 years), people with ‘below poverty line’ or BPL cards, and people who otherwise met the EWS categorization parameters.
AWAITING A POLICY BOOST
One of the most important demands the housing sector has beenmakingisafaster process of government approvals for affordable housing projects, which is a critical factor in ensuring timely construction and delivery of such projects. The Real Estate Regulation Act or RERA, which effectively puts the onus of timely project completion on developers, has unfortunately not unfolded in its intended shape andextent in this part of the country as yet.
However, it is pertinent to note that even when it finally becomes a full-fledged market force in North India, it will not unleash a reliable supply of affordable housing in cities like Gurugram until it also provides a single-window approval system that will help developers who are active in this segment to save on all-important time and resources. If you have ever dreamed about owning a piece of Fijian private paradise, then dream no more. For the first time , you could now have your own private villa on Fiji’s untouched Wavi island for just$19.
Five amazing villa packages, each valued at $5 million, will be won in this raffle with a limited number of tickets being sold at just $19 a ticket www.winafijivilla.com.
This opportunity is now open to residents of India.
On one of Fiji’s most stunning private island locations, Wavi island is nestled off the shore of Vanua Levu and accessible via private bridge.
Only a one hour flight from Fiji’s international airport, Nadi, the island is just a short 20-minute drive from Savusavu’s airport.
Spanning27 acres of lush tropical landscaping andsurrounded bypristine beaches that are lined with coconut palms, Wavi island can be your home, forever.
Each of the five winners will receive a custom three bedroom villa, competewithaprivate pool on Fiji’s private Wavi island, complete fit out package, two 5-nights fully paid trips, access to your own boat mooring on the island and usage of the resort facilities.
Additionally, there will be no management fees or costs until there is some rental income .
For your chance to win this Fiji villa package visit
Approximately 30,00036,000 affordable housing units are under construction in Gurugram, and it is expected that 55,00057,000 units will be up for sale by the end of 2017, including units close to completion