Shree Krishna Group Vision 2020 To Concentrate On Affordable Housing
Shree Krishna Group has successfully delivered over 200 commercial and residential properties amounting to 4 million sq. ft. in the last 5 decades. The principal philosophy is to give affordable luxury homes at economical rates with zero compromise on quality and timely delivery along with maximized value for money.
The year 2018 may see a trend of developers majorly catering to all levels of housing segment as prices are expected to stabilize. This year will raise the expectations of both developers and buyers as there will be more clarity on policies and prices. With the likely introduction of Real Estate Investment Trust (REITs) sometime next year, combined with RERA and GST having already introduced, the sector will surely be the safest haven for investors at large.
These reforms by the government brought in complete transparency which saw the confidence in the sector that was missing for decades now. The year 2017 will be regarded as the inflection point that signaled a transformation in this sector, ensuring exponential growth of the sector in the coming years.
As per estimates, India will need more than 18 million affordable housing in urban areas by 2022. The affordable housing segment is now growing at a very rapid pace of 30 percent annually and is likely to be a $100 billion per annum market in the next five years.
Shree Krishna Group look forward to bridging the demand and supply gap and are focused on developing quality affordable luxury homes under sub 1 crore categories.
Group concentrate mainly on a residential sector and hence 95% of projects under construction are of both budget and luxurious residential homes. The total area including low budget and luxurious apartments are around 2 lac sq. ft, as the Managing Director, Shree Krishna Group informed.
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