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Union Budget Focussed On Healthcare, Infra To Have Ripple Effect On Development In Other Sectors: Axis Ecorp CEO

The Union Budget 2021 is largely focused on healthcare and infrastructure, which will have a ripple effect on the development in the other sectors including real estate, said Aditya Kushwaha, CEO and Director, Axis Ecorp.

"We welcome the first digital budget presented by the Finance Minister. The budget is largely focussed on healthcare and infrastructure, which will have a ripple effect on the development in the other sectors including real estate," said Kushwaha.

The Finance Minister has also given special importance to human capital. Steps taken in this direction in conjunction with growth in infrastructure will lead to an increase in the disposable income of people which could bring a good scope for investment in real estate, he added.

"In the Annual budget for 2021 too, we can see the Government's focus on affordable housing. The deduction on payment of interest for affordable housing has been extended by a year. This move will improve customer buying behaviour," Kushwaha stated.

At the same time, to boost the investment coming via the NRI route, the taxation has been simplified which will incentivise NRIs to invest in our country as they will get a tax rebate on the rental income. This move will also give a boost to holiday homes and commercial real estate in the country, he further said.

"Furthermore, there have been relaxations offered in real estate transactions, capital gains, business profits, and rental income which in turn will uplift the real estate sector," said Kushwaha.

Meanwhile, Farshid Cooper, MD, Spenta Corporation said, a major impetus to the infrastructure and introduction of DFI or Development Financial Institution worth INR 20,000 crore is a fillip to not just to the respective sectors but also to the aligned segments such as housing.

"The pandemic had significantly impacted the construction of major infrastructure projects and stalled the housing construction for a considerable amount of time. The DFI will help fast-track the infra projects in major cities paving way for the growth of the housing sector as well. Additionally, an extension of tax exemption available for the purchase of affordable houses and affordable rental housing projects will boost the real estate sector in major cities and Tier II and III cities as well," he added.

Savills India, CEO, Anurag Mathur has also lauded the key features of the Union Budget-2021 stating, the budget has reaffirmed the government's commitment to bring back the country on a road of recovery through focused impetus on infrastructure, healthcare, inclusive development, innovation, and robust governance.

"Real estate specific announcements although few, were targeted towards affordable housing and REITs. Tax holidays and exemptions in affordable housing and debt financing for REITs are expected to strengthen the confidence of all the stakeholders in the residential and office segments," he added.

Central sponsorships of metro projects in key urban areas among other infrastructure initiatives are likely to bolster the real estate potential of specific micro-markets in these cities, said Mathur. (ANI)

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.

Source: http://www.businessworld.in/article/Union-Budget-focussed-on-healthcare-infra-to-have-ripple-effect-on-development-in-other-sectors-Axis-Ecorp-CEO/06-02-2021-374457/

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Demand for holiday homes gains traction amid pandemic

As the pandemic has significantly impacted operations of businesses and people's working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months.

According to Aditya Kushwaha, CEO & Director Axis Ecorp, the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home. "Due to the COVID-19 pandemic, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint," he said. He also noted that from the investment perspective, second homes in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19, when alternative options such as mutual funds, shares have seen diminishing returns. These properties can be rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors, Kushwaha said. He noted Axis Ecorp has witnessed a rise in demand from NRIs and has around Rs 50 crore worth of stock at its project 'Axis Blues' in Goa, since lockdown was announced in India. On the impact of the pandemic and the lockdown restrictions, he said that lockdown impacted the development and expansion plans of various players as most of the people were locked inside their homes and companies adopted work from home to keep their employees safe. "However, with the implementation of unlock, things are slowly coming back on track. Companies and developers are adapting to the new environment," he said. He observed that the nationwide lockdown imposed in March severely impacted the new launch activities as there was a shortage of labourers and supplies initially. However, a major component of workers stayed back and continued working, there was a ray of hope to complete projects. He said that the company expects sales at its Axis Yog Villa to reach Rs 70 crore by the end of next year.

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Axis ecorp is the best real estate developers in Goa. We build luxury villas, bungalows and smart suites with world class ameneties and harmonios ecosystem.

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Axis Ecorp launches Lake City in Goa - Aditya Kushwaha

Axis Ecorp has ventured into the commercial plots segment with the launch of Axis Lake City. Located in the heart of Goa, the project offers tranquil lake views and an exclusive unmatched opulence, according to a press release.

With this project, buyers get an opportunity to own commercial plots on which they have complete control to build villa, estate, townhouse or holiday home, it said further.

Located in Dodamarg, Axis Lake City is 35 km away from Panjim City Centre and 18 km from MOPA airport, which is expected to be operational by 2022.

Spread across 12 acres, the project offers commercial plots in the size of 150 square meters with state-of-the-art infrastructure and facilities. The project is expected to be completed by 2023, added the release.

Aditya Kushwaha, CEO and Director of Axis Ecorp, said, “With Axis Lake City, we intend to bring build-to-suit concept more mainstream as investing in a plot offers homebuyers greater flexibility in regards to designing their dream house in accordance with their budget and their needs. It is a very unique proposition and the demand for plots has catapulted significantly in this post-pandemic phase.”

Source: https://www.realtynmore.com/axis-ecorp-launches-lake-city-in-goa/

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Axis Ecorp to invest Rs 250 crore in developing serviced holiday homes in Goa and Siliguri

Axis Ecorp to invest Rs 250 crore in developing serviced holiday homes in Goa and Siliguri

The company intends to operate these luxury smart service villa and expand to more cities which attracts tourists.

  “We have close to 22-acre land in Goa. Located in proximity with upcoming airport, the project has attracted interest from investors, especially those living outside India. With the covid, HNIs are looking forward holiday home and second home,” said Aditya Kushwaha, CEO and Director Axis Ecorp.

The company which runs a college in Kanpur, had acquired land parcels at various parts of the country to expand the college portfolio but is instead focusing on real estate.

  “Place like Siliguri is turning into a hub and is an emerging business district. We will come up with hotel and retail area. Similarly, we are identifying more such domestic destinations,” said Kushwaha.

  Company is also coming up with concepts of kids centric hotel and Yog Villas. Comprising over 69 units with a built-up area of 1400 sqft for each unit and the project is expected to be completed by 2023. Located in Dodamarg, these villas are 35 kilometers away from Panjim city center.

  “The market for holiday homes has been witnessing a steady increase in the last couple of years especially after Covid-19 where people are looking for spaces with more comfortable work from home setups. Our offering in the segment is an amalgamation of luxury lifestyle, lush green surroundings, and full-serviced property,” said Aditya Kushwaha.

  Axis Ecorp intends to fulfill the demand for fully-managed luxury homes and expected to achieve a sales target of Rs 100 crore in the next six months.

  “While the overall real estate industry is still recovering from the pandemic-related downturn, the secondary and holiday homes sector has gained much traction owing to the increasing demand for luxury living standards, stable investment options, and higher rental yields. Non-metros like Goa are clear winners for smart investors looking to move from hectic cities to serene holiday homes that offer the best of luxury and natural beauty,” he said.

  Read more at:

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/axis-ecorp-to-invest-rs-250-crore-in-developing-serviced-holiday-homes-in-goa-and-siliguri/articleshow/82030724.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

“We have close to 22-acre land in Goa. Located in proximity with upcoming airport, the project has attracted interest from investors, especially those living outside India. With the covid, HNIs are looking forward holiday home and second home,” said Aditya Kushwaha, CEO and Director Axis Ecorp.

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[axisecorpgoa]

Demand for Holiday Homes Gains Traction Amid Pandemic

As the pandemic has significantly impacted the operations of businesses and people's working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months.

According to Aditya Kushwaha, CEO & Director Axis Ecorp, the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home.

"Due to the COVID-19 pandemic, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint," he said.

He also noted that from the investment perspective, second homes in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19, when alternative options such as mutual funds, shares have seen diminishing returns.

These properties can be rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors, Kushwaha said.

He noted Axis Ecorp has witnessed a rise in demand from NRIs and has around Rs 50 crore worth of stock at its project 'Axis Blues' in Goa, since lockdown was announced in India.

On the impact of the pandemic and the lockdown restrictions, he said that lockdown impacted the development and expansion plans of various players as most of the people were locked inside their homes and companies adopted work from home to keep their employees safe.

"However, with the implementation of unlock, things are slowly coming back on track. Companies and developers are adapting to the new environment," he said.

He observed that the nationwide lockdown imposed in March severely impacted the new launch activities as there was a shortage of labourers and supplies initially. However, a major component of workers stayed back and continued working, there was a ray of hope to complete projects.

He said that the company expects sales at its Axis Yog Villa to reach Rs 70 crore by the end of next year.

[axisecorpgoa]

Demand for holiday homes gains traction amid pandemic

As the pandemic has significantly impacted operations of businesses and people's working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months.

According to Aditya Kushwaha, CEO & Director Axis Ecorp, the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home. "Due to the COVID-19 pandemic, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint," he said. He also noted that from the investment perspective, second homes in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19, when alternative options such as mutual funds, shares have seen diminishing returns. These properties can be rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors, Kushwaha said. He noted Axis Ecorp has witnessed a rise in demand from NRIs and has around Rs 50 crore worth of stock at its project 'Axis Blues' in Goa, since lockdown was announced in India. On the impact of the pandemic and the lockdown restrictions, he said that lockdown impacted the development and expansion plans of various players as most of the people were locked inside their homes and companies adopted work from home to keep their employees safe. "However, with the implementation of unlock, things are slowly coming back on track. Companies and developers are adapting to the new environment," he said. He observed that the nationwide lockdown imposed in March severely impacted the new launch activities as there was a shortage of labourers and supplies initially. However, a major component of workers stayed back and continued working, there was a ray of hope to complete projects. He said that the company expects sales at its Axis Yog Villa to reach Rs 70 crore by the end of next year.

[axisecorpgoa]

Signs Of Growth In Realty Sector After COVID Setback

After a tough year with several challenges, the real estate sector is showing signs of growth, especially in affordable and mid-housing segments, says Aditya Kushwaha, CEO and Director of Goa’s major real estate developer Axis Ecorp.

In a conversation with Outlook Money, he said that a lot of credit for these green shoots of revival goes to the policy support from the Central government, especially the “additional outlay of around Rs 18,000 crore for PM Awas Yojana”. He said such relief measures are expected to further lift the demand with sales numbers increasing across cities.

“COVID-19 did throw some unprecedented challenges for the industry throughout this year. However, there has been recently a good spike in the recovery of the real estate sector and demand for home loans has gone up evidently,” Kushwaha said.

He added that to further boost the government vision of “Housing for All” and to give an impetus to the struggling real estate sector, the industry is hoping that the government would revisit the present deduction limit of Rs 2 lakh for Interest on housing loans under section 24(b) of the Income Tax Act.

“It will be instrumental in allowing some tax relief to buyers and providing a much-needed push to the industry,” Kushwaha said. “Keeping a positive outlook for the upcoming budget, we are hopeful to see relaxation in income tax norms, offer single-window clearance and GST reforms. Additionally, helpful measures like easing out of the liquidity issues that are being currently faced by the sector will boost investment in real estate.”

He added that he was hopeful that the government would give ‘industry status’ to the real estate sector as a whole including secondary housing and holiday homes. “Currently the same has been conferred only to affordable housing. This is a long-pending demand that is expected to help developers raise funds at lower costs,” he explained.

[axisecorpgoa]

Stars are aligning for holidaymakers - Brewing trend The weight of pandemic cancelled int’l travel but not ‘go-local’

While relaxations in the lockdown enabled people to travel, the concept of ‘holiday homes’, apparently on the verge of extinction beforehand, has resurrected amid the pandemic. Further inflaming it is the traction of ‘work from home’ in past eight months, and the working class also preferred to spend quality time with their families at these vacation rentals. But a new mantra has come into play ie ‘go-local’. Among holidaymakers seeking both safety from the contagion and privacy coupled with ban on international travel during summers has pushed people to explore local locations.

Aditya Kushwaha, CEO and director, Axis Ecorp, one of fastest-growing real estate companies in the country, focused on premium developments in holiday homes, said, “Call it the pandemic treat or restricted foreign travel, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint. The need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat. From the investment perspective, second homes in non-metro cities are a relatively safe investment option. As consumers are keenly taking interests in spending their recreational time in holiday homes, the NRI belt, particularly from the state has also shown inclination towards making investments.”

These properties can either be rented out to home stays or for tourism businesses. The investors are salivating over the booming market promising an assured and a stable source of income. As per the present statistics nearly 30 per cent Punjabis are not only showing interest in investing in but are also consuming them actively.

Nitin Kumar (31), a resident, who works in an MNC, moved back to his hometown in last week of March when the nationwide lockdown happened, said, “As the job continuation became the new normal, the location didn’t act as a constraint, hence after the announcement of Unlock-1, I decided to go out and spend a few weeks in hills. Himachal being the closest hill station, I booked a holiday home there to spend some time with my family. Contrary to the hotels that could be the riskier places amid Covid threat, holiday homes provide a safer environment.”

An operator at A-Z tour and travel agency in the city also stated that in past two months more queries were received for outstation travel, with the ‘special mention of private shelters’. The industry is slowly coming back on track with the assurance of safety measures to the travellers.

Considering situations like home quarantine, distancing, health, hygiene, safety and comfort in one space, people have also realised the importance of larger and self-sustained communities, added Lalit Khanna, a city-based investor.

Meanwhile, Kushwaha explained that realising the trend of the vacation homes, Axis Ecorp, besides hill stations has also introduced new project for contribution to create, construct and manage world-class lifestyle like Axis Blues, Axis Yog Villas and Axis Lake City in Goa territory and Axis KNCJ in Darjeeling.

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Aditya Kushwaha | Real Estate Developers in Goa

In an exclusive story with The Economic Times CEO and Director, Aditya Kushwaha talks about the inauguration of Aviation skills development centre (ASDC) at MOPA airport and how it will impact the development around the area.

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Aditya Kushwaha | Real Estate Developers in Goa

In an exclusive story with The Economic Times CEO and Director, Aditya Kushwaha talks about the inauguration of Aviation skills development centre (ASDC) at MOPA airport and how it will impact the development around the area.

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WFH Culture Fuelling the Demand for Holiday Homes in India - Aditya Kushwaha, AxisECorp

Aditya Kushwaha, CEO & Director, Axis Ecorp Axis Ecorp is a real estate company which is focused on premium developments in holiday homes,secondary housing, club & resorts,serviced villas and suites. The firm’s CEO & Director, Aditya is focused on consistent performance and client satisfaction which remain the cornerstone of the company's philosophy.

The year 2020 was a difficult year for many. People had a hard time coming to terms with the lockdown and the repercussions that it brought. When the lockdown was first announced, many thought that it will be just a three week thing and then life will go back to what it was. However, that was not to be the case so. Three weeks stretched to three months and here we are almost half way through 2021 and life is nowhere near what it was before the pandemic.

Work-from-home (WFH) has now become a norm and most people have now come to terms that it may be a good while before the entire working staff can go back to office. This in turn has resulted in a strong demand for holiday homes that allow people to be close to the nature. Work-from-home or Work-from-anywhere (WFA) setups allow for a unique work-life balance because people can get through your workday and enjoy your free time as if they were on a holiday. This blend would be impossible at metro cities. Places like Goa offer great environment for work purposes, and the sun, sand, and sea to help you relax.

Having your own home at a location that is scenic has all the essentials for your work and holiday makes strong fiscal and practical sense.

All these factors combined have lead to an increased interest in holiday homes near Goa, Shimla, Dehradun, Darjeeling among others

Satiating the holiday itch!

Most working professionals would look forward to sneaking a holiday or two in year. This would give them the much needed break from the work and allow them time to unwind and rejuvenate and come back to work with more vigour and fresh ideas. However, this pandemic has disturbed that rhythm.

As per the data that is available in public domain, around 20 million+ Indians travelled overseas for tourism in 2019. However, the travel is now restricted due to the pandemic; a big quantum of this segment of travel lovers is now pushing to Indian holiday destinations. This is expected to drive the holiday homes/secondary housing segment in India. The overseas investment in the Indian market has also significantly grown owing to the fall of Indian rupees against the US dollar. NRIs are considering Indian real estate as the most sensible investment option during COVID-19. The possibility of NRI coming back to their roots is also high. It has also been observed that they are eager to invest in real estate and create something that is their own during these uncertain times.

All these factors combined have lead to an increased interest in holiday homes near Goa, Shimla, Dehradun, Darjeeling among others. The potential buyers are scouting for homes that are luxurious, spacious, close to nature and have all the amenities that we have become accustomed to.

Better return on investment

In these uncertain times, people want to invest in options that they can bank on. Real estate is always considered to be one such investment as compared to other options such as share, mutual funds etc. A second home in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19.When not in use these properties can be easily rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors.

The changing work environment has fuelled a greater demand for holiday homes in India. AS more people come to terms with this new normal, they would seek such options that enable them to enjoy a holiday without getting anxious about the vaccine status, air bubble and the risk of contracting the virus.

Author by-line:

CEO & Director Axis Ecorp, Aditya Kushwaha, has his fingers on the pulse of the real estate market in India. Axis Ecorp has continued to focus on quality of construction, timely delivery, and providing avenues for improving the standard of living for buyers. The Group’s solid contribution includes creating, constructing, and managing world-class resort-living projects such as Axis Blues, Axis Yog Villas, and Axis Lake City in Goan territory, and Axis KNCJ in Darjeeling.

Source: https://startup.siliconindia.com/viewpoint/cxoinsights/wfh-culture-fuelling-the-demand-for-holiday-homes-in-india-nwid-28545.html