Sunday, April 18, 2021
Home Business finance Study: The Market For Luxury Smart Homes And Villas Is Constantly Thriving

Study: The Market For Luxury Smart Homes And Villas Is Constantly Thriving

These properties can be rented out to homestays and tourism businesses

As the real estate sector emerges out of pandemic, the market for luxury smart homes and villas in India is thriving and demand has improved in the past three-four months, said Aditya Kushwaha, CEO & Director of Axis Ecorp. He also noted that non-resident Indians (NRI) are looking forward to investing in the Indian real estate market.

“The market for luxury smart homes and villas is constantly thriving in the country. While in the year 2020, people were showing some resistance, but things have started getting better in the past three-four months,” Kushwaha said.

Follow NewsGram on Facebook to stay updated.

He further noted that these properties can be rented out to homestays and tourism businesses, which is another booming market that promises an assured and stable source of income to investors. Axis Ecorp recently announced the launch of its luxury smart service villa project, Axis Yog Villas, located in the Dodamarg taluka of North of Goa. The CEO noted that the company has witnessed “unprecedented interest” for the Axis Yog Villas.

ALSO READ: Bilingual Homes Makes The Child More Attentive

“The project is pegged at the value of Rs 250 crore and we have set ourselves a target of garnering sales to the tunes of Rs 100 crores in the next six months. Given the response we are getting, it will not be surprising if we achieve this target sooner.” He, further said that the company’s major project will be Axis Lake City, which will mark our entry into the eco-luxury space.

“In addition to this, we are gearing to launch Axis KNCJ (in Darjeeling) which will be our first project beyond the realms of Goa.” He noted that the company plans to invest Rs 500 crore in the coming three years in these projects its major spending will be focused on this year. (IANS/SP)

STAY CONNECTED

19,517FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

America In Iraq, Vajpayee’s Pak Initiative And Worldview India In April 2003

April 2003 was the cruelest month for the people of Iraq, a month of reflection on Pakistan by Prime Minister Atal Bihari Vajpayee, and...

Study: 2.5 Billion T. Rex Roamed The Earth, But Not All At Once

One Tyrannosaurus rex seems scary enough. Now picture 2.5 billion of them. That’s how many of the fierce dinosaur kings probably roamed Earth over...

‘Godzilla’ Shark Discovered In New Mexico Is Given A Formal Name

The 300-million-year-old shark's teeth were the first sign that it might be a distinct species. The ancient chompers looked less like the spearlike rows of...

Here’s How ISI detectives ‘manipulated’ FBI To Make Dawood’s Financier Walk Free From Jail

In a desperate bid to cover up the nexus between the D-Company and ISI from being exposed to the world, Pakistan's top sleuths allegedly...

Older Adults More Willing To Help Others As Compared To Younger Adults

New research has found that older adults are more willing to make an effort to help others as compared to younger adults. According to...

Explore The Heritage Of Punjab Through The Lens Of Documentary ‘The Bathinda Fort’

With a view to inspire the younger generation about the glorious historical and cultural heritage of Punjab, senior Advisor to Chief Minister Lt Gen...

Know About The Six Nepali Women Creating A Record Feat

Six Nepali women have reached the top of Mt. Annapurna creating a record feat on the 8,091-metre tall peak, the Himalayan nation's Department of...

Study: Covid19 Likely Not To Effect The Brain Directly

SARS-CoV-2, the virus that causes Covid-19, likely does not directly infect the brain but can still inflict significant neurological damage, a new study suggests....

Recent Comments