Luxurious hill homes on offer

Luxury residence Amila Hills was recently launched  in Shimla. The project will be a built-in vintage style in a self-sustaining format standing a few hundred feet higher than the upper reaches of the city.  It will have studio apartments, 1 BHK to 4BHK apartments & 5BHK villas and is a RERA -approved and IGBC registered project.   

The community will have 149 residential units. The neighbourhood will feature  a 5-star hotel and resort, helipad, high street retail, medical center, temple, amphitheatre and wellness spa. A 6 lakh ltr water tank has already been built for rain water harvesting making it an ecological friendly development. The center of attraction of the community is its 26,000 sq.ft. state of the art Club House

This is an under construction project and  people can start living in another three years, while the complete project will be ready by next eight years. The price range would be between Rs 1 crore and Rs 8 crore. — TNS

Job growth slows down 

The extended slowdown in the real estate sector has affected the job growth also. According to data from job site Indeed, the real estate sector in India has seen a drop in the number of job postings by 8 per cent from May 2017 to May 2018, in the wake of the implementation of the Real Estate (Regulation and Development) Act (RERA) 2016. This slowdown in job creation is indicative of the sector taking time to recover from the Act implemented by the Government. However, Noida is the leading region in terms of maximum jobs in the real estate sector. Indeed's data also highlights that while millennial job seekers show the least interest in the sector, an interesting observation is that real estate job opportunities are actively looked for by job seekers in the senior age bracket, i.e. in the 51-65 year old age group. — TNS