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The real estate sector is witnessing a significant transformation towards sustainability, propelled by a growing awareness and demand for green homes. This shift is not just a trend but a response to the urgent need for environmental conservation and sustainable living practices. Aakash India, a leading real estate developer in Jamshedpur, is at the forefront of this movement with its IGBC-certified projects, Aakash Riviera setting a benchmark for eco-friendly development.

The Rising Demand for Green Homes

Recent insights from Knight Frank’s Global Buyer’s Survey underline the increasing preference for green housing projects. A striking 84% of homebuyers recognize the importance of energy efficiency in homes, with an equal split considering it ‘very important’ and ‘important’. This shift in buyer preference underscores a critical market trend—sustainability is now a key determinant in the decision-making process for purchasing homes.

Debunking the Cost Myth

The perception that green homes come with a hefty price tag is rapidly diminishing. Studies reveal that the project cost of green homes is only about 1% higher than that of traditional buildings, a minor increase when compared to the substantial savings they offer. Homebuyers investing in green buildings can enjoy a significant reduction in water and energy bills, saving approximately 30-40%. This cost-effectiveness, coupled with the environmental benefits, makes green homes an attractive investment.

Industry Voices and Commitments

Leaders in the real estate sector, such as Manoj Gaur, President of CREDAI NCR, emphasize the industry’s commitment to the green building ecosystem. CREDAI’s pledge to achieve net zero targets by 2050 and reduce the carbon footprint by 25% before 2030 reflects a collective endeavour to promote eco-friendly projects. The shift in homebuyer preferences towards sustainable and energy-efficient housing underscores the changing dynamics in the real estate market.

The Tangible Benefits of IGBC Certification

Living in an IGBC-certified residential project comes with undeniable advantages. Residents can enjoy cost reductions of 20-30% in energy and electricity usage, alongside a 30-50% decrease in water wastage through recycled water use. These projects also contribute to less construction-based pollution, significantly enhancing the quality of life and sustainability of the housing project.

Aakash India’s Pioneering Project

Aakash India’s commitment to sustainability is exemplified in its projects, Aakash Riviera. This development is not only designed to meet the IGBC certification criteria but also to align with the evolving preferences of homebuyers seeking eco-friendly living spaces. By incorporating energy-efficient designs and sustainable construction practices, Aakash India is not just building homes; it’s fostering a greener, more sustainable future.

The remarkable 37% leap in housing loans in FY24, amassing a striking 5.4 lakh crore, is indicative of the upswing from nationwide. Real estate is something that Jamshedpur, Jharkhand, is capitalizing on most robustly.

Economic Growth in Jharkhand and Leverage for Jamshedpur: The contribution of manufacturing, mining, and services to the sectoral growth of the Jharkhand state economy adds to a good economic environment, which would be conducive for development in real estate. Major investments are further strengthening this landscape, such as Dalmia Cement’s commitment to ₹500 crore which will lay a solid base for growth in real estate. Jamshedpur is the industrial vanguard of Jharkhand, having vast and solid industrial base steel manufacturing-led, currently highlighted by the ₹3,000 crore expansion of Tata Steel, and other manufacturing industries. It is matched with an ever-increasing service sector, painting Jamshedpur as a holistic economic beacon.

Impact on Real Estate Residential Sector: It has led to a remarkable complete facelift of the residential landscape in Jharkhand due to increased urbanization of the cities like Jamshedpur and rising disposable incomes. This has been marked by a year-on-year property price growth estimated at 15-20% in the prime locales alongside the cultivation area under kharif crops, which in 2021-22 stood at 2,536.28 thousand hectares, pointing toward the parallel growth of rural real estate opportunities.

Growth in Commercial Sector: Both the industrial and service sectors are booming in Jamshedpur and there exists a thriving commercial market that continually makes demands for office space, shopping and retail centres, and warehouses. This demand is supported by the fact that the state has taken up strategic infrastructure development of the state, which includes ₹4,018 crore towards road and bridge works and 14 highway projects worth ₹670 crore, which are expected to see rental yield growth of 10-12%. Urban development projects, namely the ₹84 crore projects in Ranchi and the Asian Development Bank’s ₹831 crore investment into water facilities, will significantly develop Jharkhand’s urban fabric.

Aakash India’s role in the acceleration of this growth: Jamshedpur is now carved to establish Aakash India as the thought leader in this realm—one that marries quality with innovation and translates the combination into value for the homebuyers of Jamshedpur. The projects are community resonance and partake in the future of urban living in a city with its heritage of industrial growth while adapting to modern infrastructural advancements.

Ever felt like finding the perfect home is like trying to solve a giant puzzle, each decision a piece that shapes the big picture of your life? Jamshedpur, buzzing with life and a rapidly growing real estate scene, offers a wide array of options for those dreaming of their own space. 

But, wading through this vast sea of choices requires more than sharp eyes; it calls for a well-equipped mind. Ready to take the plunge into this adventure? Let’s dive into a checklist designed to equip you with the insights needed to navigate Jamshedpur’s lively property market successfully.

Location & Connectivity: Ever heard the saying “location, location, location”? It’s gold. Look into how well the area is connected to major roads, and how close it is to your workplace, schools, hospitals, and other vital services. Don’t forget to peek into the neighbourhood’s future development prospects too.

Builder’s Reputation: Take the time to dig into the track record of your developer. Understanding their past projects and standing in the market is key to ensuring your investment is in good hands.

Legal Check-Up: Make sure the property’s paperwork is crystal clear. No legal tangles or zoning law issues, and definitely check for RERA (Real Estate Regulatory Authority) registration—a must in today’s property dealings.

Building Quality: Take a close look at how well the place is built. The materials, the finishes, the design—all of it. Maybe even visit some of the developer’s other projects to get a feel for how they age.

Amenities & Facilities: Think about what’s on offer. Security, parking, power backup, water supply, gyms, and community areas can really make or break your living experience, not to mention affect the property’s value.

The Money Talk: Understand every cost involved, including additional charges like GST, stamp duty, registration fees, and upkeep costs. Also, consider how this fits with your finances, your loan options, and if the developer has any special arrangements with banks.

Future Gains: Ponder the property’s potential to grow in value and what it might earn if you rent it out. A place with promising growth prospects is usually a smarter investment.

Green Credentials: With the environment a growing concern, look for properties that boast energy efficiency, green spaces, and sustainable practices. These not only lower living costs but also contribute to a healthier planet.

To wrap it up, the dream of owning a spot in Jamshedpur is tempting but navigating your way there demands careful thought and informed choices. For those eyeing opportunities in this dynamic city, Aakash India introduces Aakash Nirvana, a top-tier real estate venture in Sonari, Jamshedpur. Known for excellence and delivering value, Aakash India ensures your journey to homeownership is seamless and rewarding. Remember, making an informed choice today sets the stage for a secure, cosy, and joyful future in your new place.

This guide aims to be your beacon through the home-buying maze, steering you toward a choice that mirrors your desires and goals. Here’s to finding your dream home!