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Arihant Superstructures Ltd has grown to become one of the major Real Estate players in Navi Mumbai, MMRand Jodhpur (Rajasthan)transforming its skyline and meeting real estate demands of the modern age constantly. Arihant with its customer friendly policies of no lock in period, no escalation and no transfer charges has emerged as the most reliable and consistent brand in the housing industry. The Group has successfully constructed 8000 plus homes and delivered 70 lacs square feet through 50 plus benchmark residential projects. Today Arihant has 15 projects with 12.9 Mn sq ft. under development.
In 2017, 37,000 homes were built as rentals, according to the National Association of Home Builders. That grew to 43,000 last year, or just under 5% of total single-family housing starts. But that is just homes built and held by builders for rent and doesn't include those sold directly to investors, so the numbers are likely larger and growing more quickly.
"I think that these funds, these investor groups are looking at a cultural move away from your garden apartment with elevators, swimming pools, tennis courts and common areas," Ellenburg said. "Homeownership is looking less desirable to some, particularly in the affordable arena, and they have a chance, for very close to the same price, to rent a three-bedroom, two-bath or a four-bedroom, three-bath home and are able to call it their own."