Pioneer provides good, timely and satisfactory services with unmatched efficiency. All required feedback is received timely. All my dealings with them always run smooth and they comply with the most up-to-date regulations in the market. I wish them luck in their future endeavors...
- Mayank Kakrania - Advocate
I have been working with Pioneer Property for the past one and half decades. I am very happy with their service and our relationship has been quite fruitful. Pioneer's well coordinated and transparent approach has been effective in our mutual growth...
- Nakul Himatsingka - Managing Director, Ideal Group
The visionary advices, professionalism, hardwork, and passion for customer care are the best of Pioneer
- Kamal Periwal - Chief Architect, Maheshwari & Associates
We see you as a very important partner for our growth. Your sincerity and dedication in execution is really appreciable. Strategic reporting, extensive database and prompt actions are some of the unique features that give Pioneer a cut above the rest in the market. Our dealing with Pioneer has been very smooth and entrepreneurial support throughout the completion of our project has been phenomenal...
- Sumit Dabriwal - Managing Director, Hiland Group
Being overhauled and popularized by appropriate and superlative decisions in the recently announced Union Budget 2017, doors are opened wide for the common Indians to accomplish their dream of having their own home. The elements of fiscal prudence exhibited in the directives of the Union Budget can be envisaged as preeminent solutions to materialize the Government's holistic 'Housing for All' policy.
At the very onset, conceding 'Infrastructure Status' to affordable housing can be regarded as an act of genius and product of fiscal prudence. Rs. 23,000 Crores has been allocated for affordable housing under PMAY (Pradhan Mantri Awas Yojana) and post demonetisation, the banks are flushed with humungous deposits. Getting the infrastructure status coupled with liquidity boom, the developers will get seamless access to lower and preferential borrowing rate from legitimate financial institutions. There will be more organized and intensified participation of private players in the market making it dynamically competitive. Again, long term institutional financing at lower and competitive rates, higher limit on external commercial borrowings will help in reducing the construction costs for the developers. The resource allocation in the sector will be greatly calibrated and the mechanism will calibrate the supply gap of housing in the nation. This is the "supply side virtue".
The "demand side virtue", is leveraged in the sense that the end-users will receive home loans at lowest interest rates since the last decade. Post demonetisation, the banks have already started to pass on the benefits in the form of reduced interest rates and subsequently lower EMIs. Further with the announcement of the Union Budget, the home loan interest rates are expected to be be prevailing in the range of 7 to 7.5% within few months from now and may even plummet to the level of 6% vis-a-vis 10 to 11% few months earlier. At the same time, for the middle class salaried persons, 5% reduction in income tax will also spruce up the disposable savings that will help in initial fund infusion for purchasing purposes especially in terms of home ownership.
It is highly anticipated rather guaranteed that the homes in the budget bracket of Rs. 25 to Rs. 75 lacs will get dynamic boost. We as integral stakeholders of the industry must utilize the most from this fiscal prudence of the Government of India.