Dear Kiara Family,
The good news is that Indian homebuyers are gradually returning to the real estate market thanks to favourable property prices, cuts in the Goods and Services Tax (G.S.T.) and an expectation of lower interest rates. A stable government at the center is expected to boost customer confidence further and increase housing sales velocity in the coming quarters.
The 2019 Budget has proposed to increase the deduction that can be claimed for interest paid on loans taken for affordable housing by Rs 1.5 lakh to Rs 3.5 lakh per annum for houses valued up to Rs 45 lakh. The deduction is available on loans taken up to March 31, 2020. ‘Small is beautiful’ is the new buzzword in the changing landscape of Indian Realty. Compact homes that maximize the usability of available spaces and are also low on maintenance are preferred by the millennial home buyers over large-sized homes.
Kiara Residency fits into these expectations of new millennials. Efficient space planning translates into ‘smart’ spaces which are optimally designed to minimize space wastage innovatively and allows customers to embellish their homes with flexible designs and mobile furniture. Since ‘form follows function’, the challenge in design lies in identifying and analyzing the sensibilities of the client, understanding their needs, personality and lifestyle and bringing their dream to fruition. Versatility in the six layouts in Kiara Residency helps in achieving this, and at the same time not compromising the balance, rhythm, harmony, unity, proportion, and scale in the architectural design.
As you know, Kiara Residency has three kinds of customers. Those who had bought their home when the project was called ‘Misty Homes’, New patrons who have transferred from other projects to Kiara, and the new buyers who have bought apartments when Kiara Lifespaces took over the project….I thank you all for your trust in us and ensure you of speedy delivery and complete transparency.
Stay tuned to our Social Media & Website for the site progress report. Construction is now up to the 7th-floor slab. We have also completed the blockwork in three floors, so you can actually visit the site, walk through the apartment and see your home taking shape! We are also in the process of executing at least two model apartments. We welcome you to a vibrant neighbourhood, key features of which are carried in this newsletter – a green, pollution-free environment, wide congestion-free roads, and a compact ‘smart’ home!
Chairperson & Managing Director
Kiara Lifespaces Pvt. Ltd