Want to own a villa in Fiji?

HT Estates - - FRONT PAGE - The au­thor is CEO, Anarock Prop­erty Con­sul­tants HT Cor­re­spon­dent ht­es­[email protected]­dus­tan­times.com www.winafi­jivilla.com

RES­I­DEN­TIAL OVER­VIEW

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

MINT/PHOTO

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

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