Before you buy an apartment within a project meant for senior citizens, ensure that the services are of a high standard. Senior citizens should not sell their current home before they are completely sure about moving into a senior citizens' project.
Shahbaz was allegedly involved in the corruption of Rs14 billion Ashiana Housing project and Rs 4 billion Punjab Saaf Pani Company scams.
Are retirement homes attractive options for the elderly? Experts feel it is a good option to be able to live an independent and activity-filled life. But don't buy it as an investment
These projects are targeted at financially well-off and upwardly mobile Indians.
A good number of seniors today are independent, financially stable.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
These homes offer services that help lead a smooth retired life.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
As PM talks of lower lending rates, housing companies prepare to cash in.
Read the investor-developer agreement carefully before signing the cheque
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
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