Showing posts with label affordable housing in Gurgaon. Show all posts
Showing posts with label affordable housing in Gurgaon. Show all posts

Thursday 15 October 2020

All for affordable housing dream and home loan processing fee waiver to help home buyers


Alongside Delhi, Haryana has been the prime concentration for land since the time the requirement for lodging expanded in the capital. Indeed, even before different locales came into center, Haryana has been wearing the pants with Gurugram, Panipat and Faridabad being the backbone of land in light of the closeness of these zones with Delhi. These spots actually are the imposing aspect of the NCR’s land situation. The push was accommodated moderate lodging when the Haryana Cabinet chose to expand as far as possible for award of Affordable Group Housing Colony in an area from existing 15 sections of land to 30 sections of land and broadening the Deen Dayal Jan Awas Yojna (DDJAY) to Gurugram Development Plan.

Gurugram has been administering the land scene since the mid 2000s and still appreciates similar furor about the properties here. A touch of pride factor has consistently stayed with the city and individuals living here shows that certainty when they talk about their habitation. The city has additionally satisfied its name and keeps on giving homes to individuals who work in organizations, MNCs and so forth that are in extraordinary numbers here. The neighboring urban areas of Gurugram, for example, Sohna have additionally added to its name and acclaim. As of late, the interest has developed due to the moderate houses coming here, which was prior unimaginable. Gurugram will continue appreciating the nearness with the worldwide air terminal and furthermore the way that it is currently on the moderate guide. Future looks encouraging then it was before.

Zero in is now on affordable housing in Gurugram, and that is the explanation there are endless plans drifted to help fill the interest hole. What’s more, the choice where the base region standard for award of licenses has been diminished will help Gurugram a ton; this is in accordance with the way that getting land in greater lumps gets hard for moderate lodging because of high land costs. It was one more advance demonstrating the earnestness of Haryana towards satisfying ‘Lodging For All’ objective. The center isn’t just to give reasonable lodging however it take care of the issue of disorderly provinces springing up at different spots. The state has been finding a way to try to come out also arranged state. All activities under DDJAY by engineers like Signature Global beginning conveying the floors in under 2 years in staged way. The organization did it in karnal with Sunrise-the superior floors and is prepared to do it in Signature Global Park in area 36, Sohna, South of Gurugram under DDJAY.

Haryana would in reality contribute a ton to the ‘Lodging for All’ fantasy as the state is finding a way to ensure no obstacle stays in accomplishing the objective. The coming months will unquestionably observe more dispatches under DDJAY by Signature Global as this to be sure a portion where greatest interest lies.

Home loan processing fee waiver to help trigger home buyers’ sentiment in the festive season

The home credit preparing expense waiver declared by SBI may well make ready for  giving a lift to home deals in the happy season.

The nation’s greatest public area bank-SBI separated from giving preparing expense waiver, is offering a cut in loan fee. It has reported a 10 bps financing cost concession for clients with great credit profile. This financing cost cut will likewise rely upon the advance sum. Taking into account that banks’ home credit handling expense fluctuates between 0.5% to 1%, the home purchasers remain to pick up financing cost slice up to 1.10%.To give further help on EMIs, designers have tied up with banks to bring to the table premium aid plans. Furthermore, a few designers are offering EMI payment for a year. This is surely a relax for Affordable home buyers in Gurugram and other parts.

Says  Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ The home advance preparing charge waiver offered by SBI in front of bubbly season will support home purchasers’ assessment. One expectations different banks will  additionally offer a comparative waiver. Along with this , appealing installment plans offered by engineers in relationship with banks, will help diminish EMI trouble. Merry proposals by engineers like stamp obligation , support, vehicle leaving and club charge relief will go about as additional trigger to push home deals.

Friday 11 September 2020

Liquidity boost to NBFCs to improve credit flow to real estate sector, affordable housing

The administration’s twin liquidity boosting measures for the NBFCs will improve credit stream to engineers and property purchasers. This will surely help buyers in getting affordable homes in Gurgaon.

In its policy measure, the government has additionally facilitated the Partial Credit Guarantee Scheme( PCGS)  to profit NBFCs. This Scheme 2.0  has been reached out by a quarter of a year to November 19 to improve liquidity for low-evaluated non-banking budgetary organizations. .Prior this month, RBI in its August 6 approach, given Rs 5000 crore liquidity window to NBFCs  These twin upgrade measures are intended to implant life into the grieved shadow bank moneylenders. It empowers state-run banks to additionally raise their venture portfolio by another Rs 11250 crore. The absolute office is to the tune of Rs 45000 crore.

Says Pradeep Aggarwal, Founder, and Chairman, Signature Global, and Chairman, Assocham National Council on Real Estate, Housing, and Urban Development, “ The steady liquidity lift to non-banking monetary organizations by the administration will give a new boost to the credit stream. This will profit both land designers and property purchasers, particularly home purchasers, thus giving truly necessary liquidity lift to the division”.

Signature Global Park 4&5, Gurgaon | Affordable Homes In Gurgaon


Priority sector  lending status to startups to boost realty, affordable homes in Gurgaon

RBI’s move to bring new companies under need division will push up funding to them. This, thusly, will help upland and reasonable lodging of affordable homes in Gurgaon

Giving priority area status to new businesses will make it simpler for them to raise assets from banks. RBI’s initiative has come when financing new businesses have seen an impressive drop due to COVID. The beginning-up subsidizing declined by 29% in the initial a half year of the schedule year 2020. Among January and June 2020, just 443 organizations could get financing against 725 organizations in the equivalent period. Startups have been thinking that its hard to give the least business assurance to merchants, providers attributable to COVID sway.

Says Pradeep Aggarwal, Founder, and Chairman, Signature Global, and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ RBI’s strategy choice is a positive turn of events. Land new businesses in the crucial domains like home loan and innovation have been confronting reserve crunch. Presently need area loaning to them will help support land as a rule and moderate lodging specifically”.

Funding boost to infra, affordable housing to help revive realty


The Center’s activity intends to help support stream to framework and lodging will add to the restoration of land and more sales of affordable homes in Gurgaon.

The ambitious speculation plan of $1755.8 billion imagines the subsidizing of infra and lodging projects for more than five years (FY 20-25) under the National Infrastructure Pipeline (NIP). Tasks involving venture of Rs 44 lakh crore (40% of NIP) are as of now under execution. Activities worth Rs 33 lakh crore (30% of NIP) are at the origination stage and those value Rs 22 lakh crore (20% of NIP) are being worked on. These ventures relate to the development of reasonable lodging and boosting metro infra like streets, drinking water, sterilization, transportation, coordination and so on.

Says Pradeep Aggarwal, Founder, and Chairman, Signature Global, and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ Infrastructure both physical and social assumes an urgent job in supporting land. When the capital crunch is gazing at realty, financing lift to moderate lodging and framework will help resuscitate land”.

Tuesday 19 May 2020

Signature Global Park in tune with Deen Dyal Jan Awas Yojana

In tune with the Prime Minister flagship project, ‘Housing for All by 2022’ Haryana Government has announced Deen Dayal Jan Awas Yojna. The front runner of NCR’s affordable housing segment, Signature Global is proud to be associated with this policy- Deen Dayal Jan Awas Yojana. It aims to encourage the development of high density plotted colonies in Low and Medium Potential towns of Haryana.

To contribute to the Prime Minister’s mission ‘Housing for all-2022’ the government aims to build 2 lakh affordable houses. Along with, to encourage the initiative and for development of such colonies, the rates of the license fee and external development charges have been substantially reduced, while the conversion (CLU) charges and infrastructure development charges have been waived off. Under the scheme, premium floors project Signature Global Park in South of Gurugram has connected with this policy where we have sold out 300 units out of the total number of units 576 which does not include any ready to move-in homes.
Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham - National Council on Real estate, Housing & Urban Development said, “We are proud to be associated with such a noble policy from our government where builders can go ahead without any loopholes while developing affordable houses. It would turn out to be beneficial as this project includes all the basic and modern amenities which make it an automatic choice for the buyers of this segment.”

Monday 11 May 2020

Gurugram’s emergence as housing hotspot



In recent times, Gurugram has become a leading financial and industrial hub with the third-highest per capita income in India. When compared to other cities like Delhi, Mumbai and Hyderabad, Gurugram is relatively young and has most of the retail sector and residential apartments in the modern format with a striking 78 per cent being concentrated in malls and corporate houses. The Millennium City also leads when it comes to annual income with people earning more than 300,000 per year, followed by Central Delhi, South Delhi and Noida.
Best Affordable Housing project in Gurgaon

Gurugram’s vast middle-income-group market is the key attractive force for global retail giants and real estate developers wanting to enter into newer markets, which in turn will help Gurugram to grow faster. With the help of fast connectivity through better roads, Dwarka Expressway and improvement in public utility infrastructure and self-sustained townships, the residential apartments in Gurugram have got an immense boost. Gurugram has a good mix of residential projects and commercial units to offer immense opportunities for people because of its location in retail as well as residential sector.
The future of the housing in Gurugram looks promising, considering advanced technologies aiding operations, the growth of the market, and favorable government policies. The key to the growth of the housing in Gurugram seems to be nuclear families, large young workforce, rise in working women population and emerging opportunities. Not only that, but Gurugram also has one of the fastest-growing retail markets in the National Capital Region. Major metropolitan cities like Mumbai, Delhi and Bengaluru have seen investment of as many as 70 global and domestic brands previous year. Markets in NCR will continue to be the preferred points of entry for global retailers as NCR has the presence of the right target audience as well as suitable real estate opportunities. 
Space-hungry hypermarkets and the need for housing in Gurugram will continue to expand and locate on newer residential developments. Product categories like food and beverages and fine dining, in particular, will continue to grow as the demand for residential apartments are continuously increasing.
Upcoming construction projects coupled with existing physical and social infrastructure are likely to be the driving force behind growth of housing sector in Gurugram. Hence, Gurugram is the rising sun for the housing sector in the coming time.

Wednesday 15 April 2020

Beat the heat this Summer in your Residential Flats

Summer is coming and the temperature is rising along with it guess what else is rising these days? Your electricity bills! Global warming and the A.C.s that are switched on through days and nights only make it worse, which has become one of the primary causes of these extreme conditions. You might choose to pack your bags and go out to the hill to spend your entire summer in the mountain bliss. But sadly, it’s going to help neither the heat nor your pockets. Alternatively, you can look at some of these effective yet inexpensive ways to keep your residential flats cooler this summer. You can try old-school tricks to beat the heat this summer.

Use Khus
Do you remember the desert coolers you used to use in your summer vacation? No, you don’t have to go and rebuy those. Khus which is used to make the sides of the coolers naturally tends to offer coolness when wet. You can use Khus and prepare makeshift curtains for windows and doorways of your residential flat. Yes, it might be a bit of an effort to keep them wet, but it’s a brilliant way to stop the heat from entering your residential flat and it is absolutely worth it.

Dehumidify your flat
With the invention of science and technology, it has become an irreplaceable part of our lives, in summers, you will find dehumidifiers all around you. They require to be plugged in with a source of electricity and they absorb humidity and make the air fresher. We have a better idea. Instead of using dehumidifiers, you can use some indoor plants that naturally dehumidifies your flat. For example, Reed Palm, Peace Lily, or even Boston Fern will not only absorb most of the humidity stuck inside your residential flat, at the same time provide you with more oxygen.

Treat the Roof
One of the primary reasons for your residential flat to heat up is because the roof imbibes a lot of heat from the sun and warms all your rooms. However, there is a remedy to counter this. Open all the water outlets on your roof and fill it up with water. And let the sun evaporate all the water on the roof, by doing so you can have some relaxing and cool hours and mitigate the intense heat. You can paint your rooftops with soda lime or Chuna to counter the heat. The white colour will absorb less heat compared to any other colour and keep the heat at bay.

Soak the Curtains
The idea behind soaked curtains is to cool down the breeze before it enters your residential flat so that the heat it brings along with it, does not get absorbed by the walls in the house. Firstly, use cotton or mulmul drapes instead of the heavy curtains to cover your doors and windows. With a bucket full of water, soak only the ends of the cotton curtain. The breeze turns much cooler when the water seeps through the hems of the curtain.

Turn Off
The most important of it all is to do away with the use of electronics or reduce as much as you possibly can. These appliances radiate heat that gets and transmitted which harms us silently. The motor gets heated even when you open and shut the refrigerator too many times which increases the load. Let’s keep most of the switches turned off as I keep my 2 BHK flat In Gurgaon darker.
No one can ignore the effects of global warming. Hence, we must do our bit and go natural. Here’s hoping our tricks cool you this summer!
Stay Cool. Stay Healthy!

Monday 6 April 2020

Booming need for affordable housing in India

The term affordable housing refers to residential housing units that are affordable and reasonably priced for those who fall under economically weaker section or middle-income groups. In a developing country like India, affordable housing is a boon for those who plan to buy a house. Affordable housing can accelerate the growth of fast-increasing Indian real estate market.

If the last five years have indicated something, it is that affordable housing in India has been the biggest contributor to home sales. Whether it’s metro cities like Delhi, Bangalore, Mumbai, or smaller cities like Indore, Bhopal, etc., affordable housing demand is on the rise since the past few years.
With the basic objective of affordable housing remaining the same, sellers and builders are targeting this section of the residential market. Keeping it as a priority, governments are also launching schemes and leaving no stones unturned to meet the goal ‘Housing for all’ by 2022.
Picture
Signature-Global-Orchard-Avenue-Affordable Housing
Housing for All’ by 2022 or Pradhan Mantri Awas Yojana (PMAY) in India
Launched in 2015 by the government of India which aims to provide 20 million affordable housing units for the low and middle-income group by March 31, 2022. It has two subsets:
  • Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for urban areas
  • Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and also PMAY-R) for the rural area
Other aspects of the scheme include Saubhagya Yojana electricity connection, clean toilet, Ujjwala Yojana LPG gas connection, Jan Dhan banking facilities, access to drinking water and more.

Need for affordable housing in India
India, being one of the most populous countries in the world and its population growing at 1.3 per cent per annum, has paucity for housing. As estimated by Economic Times, India has a shortage of nearly 4 crore houses and is constantly increasing by 1 crore houses per year. This estimate highlights the importance of housing in India.
Migration is one of the causes which has made affordable housing all the more essential, affordable homes can cater to the needs of people. Tax relaxation of up to 100 per cent for developers on building affordable housing projects has also given an impetus to build more projects under this scheme, increasing the opportunity for more people to afford their homes.

Advantages of Affordable housing
As mentioned earlier, real estate developers are given incentives in many ways by the government of India, to build more and more affordable housing units. Government is also offering home loans at a low-interest rate with increased subsidies. If you’re working and have an annual income above the criteria set by the government, you can get up to 100% home loan with up to 20 years of payback time. Not only that, but the buyers, who fall under the scheme will also only have to pay just 1% GST on the purchase of a new house.

Future of Affordable Housing
Affordable housing has the potential to expedite the growth of the Indian economy by boosting real estate marketing and infrastructure. It also offers to generate capital investment up to Rs 1-1.25 lakh crore per annum incrementally. Not only that, but it also promises to increase employability by creating 27-34 million jobs and incentivizing the growth of GDP in a significant way. The affordable housing plays a significant role in boosting India’s economic growth. Employment and Housing are two of the major sectors hindering GDP growth. Affordable housing addresses both.

Thursday 13 February 2020

Few essential things to keep in mind while choosing the best residential flat projects in Gurugram



There is an increased demand for properties in and around Gurugram due to the location as well as the prices of the plots here. Given the availability of plots here, it is a tad difficult to pick out the suitable one within the budget, along with all kinds of amenities. As investing in real estate properties is quite crucial for many people; hence, it is advisable to choose these properties very carefully, keeping a few essential points in mind.
Signature Global Proxima 2 sector 89 Gurugram

Few such critical aspects to consider before selecting the appropriate residential flat projects in Gurugram are:
· Price of the property
One of the most crucial and essential things to consider before you finalize a plot for your investment would be the price of the property across that region. You need to specify or keep aside a specific budget for the properties and then only look forward to shortlisting the ones for the investment.
Also, do not forget to compare the prices along with the available amenities of the plots around to get the best one within your strict budget. In case you need to compare the costs of the properties around, feel free to browse through the portal listings, newspaper listing, or the specific brokers of the properties around those locations. Such comparison would give you a realistic view of the availability of properties around that region along with the price range of the flats to choose the best one among the options.

· The carpet area of the flats in Gurugram

Once you have decided on the budget for the apartments in Gurugram, it is time for you to determine the carpet area of the property as well. The prices fluctuate depending on the area of the property, and hence this is one of the crucial points to consider.
Generally, as you come across the details of the property, you get to know more about the super built-up of the property. It includes shafts, stairs, elevator space, wall thickness, and many more. On the other hand, the carpet area refers to the actual living area within the walls of the property where you intend to live. On a general note, the carpet area is around 30 percent lesser than the super built-up area of the plot.
· The reputation of the builder company
When you decide to shortlist the residential flat projects in Gurugram, make sure to know the complete details of the builder company and their previous works in the construction business. This would provide you the essential information about the properties along with the safety and security related to the builder company and their previous properties. As a result, you would be able to choose the best one for investment with an assured guarantee.
· Record of the land
Another thing to check out while picking the residential projects in Gurugram would be the land documents of the place specified. You need to know all the intricate details of the land on which the flat has been constructed to avoid any confusion or hassles later.
You need to go through the soil quality tests along with the topography of the land before you finalize one for your investment. Also, be thoroughly sure that the land is clear of all the necessary debts and is registered with the government appropriately. Before buying the property, make sure to check all the rights, obligations, and ownership details of the property thoroughly to put all hassles away.
· Check the legal details of the property
Before you finalize a property, make sure to check all the legal documents about the property well.  Make sure that the developer has the necessary approvals and the NOCs from the concerned authorities, sewage board, Municipal Corporation, etc. In case you are getting the flat on loan, make sure to go through the paperwork thoroughly. 
· Location of the property
Another thing that mostly determines the value of the property would be the exact location of the flat. You need to be sure about the safety of the neighborhood, along with the availability of the social amenities around the property. Make sure you have easy access to healthcare as well as educational institutions around for future reasons.
· Buyer-builder contract
As you move ahead with the approved property for your investment in Gurugram, make sure to check all the contract papers with your builder thoroughly. Also, make sure that all the clauses must be carefully stated and understood to avoid confusion later.
Apart from these points, also check the availability of loans from respective banks for the plots in Gurugram. While searching for the appropriate residential projects in Gurugram, also check about the hidden charges and additional expenses related to the properties. Remember buying a house is a significant investment and comes with maximum returns only if you choose the property accurately.

Monday 16 September 2019

Gurgaon Becoming the Next Hotpots for Investment

Affordable Housing Projects in Gurgaon

Gurgaon is the modern and money related focal point of the Indian north-western territory of Haryana. It is likewise one of New Delhi’s, India’s national Capital, prevailing satellite urban areas. Known as the call focus capital of the around the world, Gurgaon is presently viewed as extraordinary compared to other Indian urban communities to work and live in.
It is viewed as the perfect goal for home purchasers in nowadays. Inferable from the wide cluster of appealing alternatives for property investors specialists and home buyers, individuals are selecting Gurgaon as a perfect goal for putting resources into genuine homes. Be that as it may, their fantasy homes are accessible in a comparable dream goal, the New Gurgaon. You can easily get a list of affordable housing projects in Gurgaon as Gurgaon is emerging as a fast-rising hotspot. You can find prices of living home in Gurgaon for sale within a reasonable range which is why people love investing in homes in this city. With residences of hues such as apartments, studio flats, independent floors, penthouses, villas, a wide array of options are available for investors and buyers. As the connectivity of the New Gurgaon sectors is with Rapid Metro and Metro, within no time, these areas will start giving robust returns on the investment of real estate. You will find that investing in living homes in Gurgaon will prove to be a boon in the near future as the price of flats will rise sky high in the near future.

Upcoming Affordable Housing Projects in Gurgaon

It can be your cup of tea because, in addition to above-written things, already developed areas such as Sohna Road, Golf Course Road, Mehrauli-Gurgaon road can be availed within short drive distance. This ensures that the residents of Gurgaon are located at a shorter drive away from markets, established malls, and the Metro. Colleges, renowned schools, educational institutions, healthcare facilities, hospitals are also located within driving distance. Sultanpur Bird Sanctuary and Damdama lake are also located at a shorter distance. For frequent travelers, the good news is that the airport is situated at a shorter drive away.
It is a thousand years city which was recognized as one of the most potential goals for financial specialists when the Indian Economy opened its business sectors to remote speculators during the 1990s. In the perspective on its capability of getting to be worldwide, the administration of India, the state just as focal government, started a few approaches which were bulky to venture. For this, the administration of Haryana, the state where Gurgaon is arranged, has made Gurgaon award a great expense strategy and it has now turned out to be one of the most conspicuous offshoring and redistributing focus on the planet and the cynosure of different MNC’s.

Why put resources into Gurgaon?

Gurgaon is one of the most fantastic areas in India to begin an industry and upcoming affordable housing in Gurgaon has a steady lawfulness set-up combined with tranquil conditions. Inferable from these elements, it has just figured out how to pull in a few worldwide organizations, remote speculators, NRI, and huge business houses.
Besides, Gurgaon offers great quality and cheap places of business and private spots and its closeness to New Delhi and its simple availability to the International airplane terminal is an additional fascination.
There are many Speculation openings in Gurgaon which are retailing and Property Development as Gurgaon is the quickest creating retailing and creating markets in India. A mammoth business working with a space of 1.4 million sq. ft is before long going to come to Gurgaon and a similar pace of action is going to occur in the property advertise.
Gurgaon is likewise a sanctuary for Textiles and Ready-made pieces of clothing. Gurgaon has an enormous number of the little and medium article of clothing assembling and material endeavors. The nearness of sourcing specialists speaking to outside purchasers and the nearness of enormous and medium purchasing houses is an additional fascination for financial specialists.

Sunday 6 January 2019

5 Reasons Why Affordable Housing Is The Game Changer Of Indian Economy

Affordable Housing, as popularly defined by the realty experts, is the housing units affordable by that particular section of the society whose income lies below the median income of the total economy.
Ever since affordable housing came into picture and went on a rising trend since 2016, there have been a lot of ups and downs that it went through. However, it still managed to stay in the game and is now considered the game changer of not just the real estate industry but the Indian economy as well. Here are the reasons why:
A. Growing Population: Despite the Indian population growing at a very high rate - ( approximately around 2.1 percent each year, since 2015), it has managed to cater the housing needs of almost all kinds of groups - be it the lower income groups or the middle-income groups. Despite the surge and the changing trends of the real estate industry, it has managed to fulfill the demands of almost every section of the society.
B. Incentives: The Indian Government has also been supportive of this scheme and has shown it through its incentives offered in different ways. Be it the budget allocation provided for infrastructure, or the increment in the allocation for Pradhan Mantri Awas Yojana (PMAY) scheme to Rs. 23,000 crore; Be it the Goods & Service Tax (GST) slashed down from 12 to 8 percent, or the introduction of tax-free bonds by the Housing and Urban Corporation, this sector has been supported as it was seen as a ray of hope to uplift the real estate industry.
C. Policies: With Foreign Direct Investments (FDI) opening up and paving the way for townships, built-up infrastructure and any construction development, the India government has also drafted policies like the public-private partnership that allows extension of around 2.50 lakhs of central assistance to every house built by the private builders on private lands. With the 2018-19 budget also having affordable housing on its list, it has managed to be the new face of a change of the economy.
D. Challenges: A lot of challenges were faced by this sector - like not having a clean and proper policy framework or a system to work with, having to meet targets that are too ambiguous in nature, too many financial problems to meet the latest infrastructure upgradation and many more, thus leading to an environment which isn’t healthy or inhabitable to survive in.
E. Availability: There also existed problems like little or no availability of land suitable for construction and building purposes, delayed approvals from the official departments, delayed work synchronization between developers, promoters, etc thus giving many challenges to pave the way for pulling down the development and scope of affordable housing.
Despite all the ups and downs, be it big or small, affordable housing has survived and gone through all, thriving high with success and facing all challenges with unique solutions, affordable housing can be known as the game changer of not just the real estate industry but also the Indian economy. With a high scope for the lower and middle sections of the society, this scheme aims to fulfill the housing needs of the Indian society at large. In the years to come, affordable housing has the ability to develop and build a nation that has housing for all - making the rural and urban population come at par.
Signature Global is one of the leading competitors in the real estate industry. It aims to promote the scheme of affordable housing through its projects which are built under the Pradhan Mantri Awas Yojana. With perfect infrastructure and great architectural skills, it builds homes in the National Capital Region areas like Gurugram and other areas like Karnal.
Some of its projects are, namely:
1. Solera 2 Sector 107, Gurugram
2. The Millennia Sector 37D
3. The Roselia, Sector 95A, Gurugram
4. The Roselia2, Sector 95A, Gurugram
5. Grand Iva, Sector 103, Gurugram
6. Orchard Avenue, Sector 93, Gurugram

Thursday 14 December 2017

PRIVATE DEVELOPERS TAPPING LOW-COST HOUSING

India is widely piped to become the world’s third-largest economy by 2030, as the  government is giving a strong push to the affordable housing segment it seems clear that the segment would remain as the focal point for the emerging real estate industry. Recently, the Confederation of Real Estate Developers’ Association of India or CREDAI – had announced the launch of 375 affordable housing projects across the country with an investment commitment of Rs 70,000 crore. Also, as the affordable housing segment is getting infrastructure status, developers are working overtime to tweak existing projects and convert them into affordable housing projects. The rolling out of the new Goods and Services Tax (GST) regime from July 2017, a major differentiator between markets has been done away with. An integrated national market will help the real estate sector by way of a common indirect tax structure.
Also, there is a clear-cut statement by the experts that this segment is going to be the most established wing in the coming years. The states like Haryana that have appeared as more influential when it comes to affordable housing projects. With small-scale down payment it has become possible to book a home for the buyers. Also, the advent of RERA  is regaining  trust of investors for the developers and overall real estate sector. According to RERA, the  developers can now sell homes only on carpet area basis, unlike earlier times  when homes were  sold on super area basis, with loading varying from 25-40 per cent.  The newly enacted laws are going to benefit both the retail project s in Gurugram including the affordable housing ones.
“People  can enjoy the leverage of choosing a desired home as there are plenty of options available in the sector.  Going for a low-cost property is still a better option as compared to the rental living. For these reasons, communities should work to ensure that they go for the right property so that they are able to suffice their other financial needs as well” says Pradeep Aggarwal, Co-founder & Chairman, Signature Global.

Monday 20 February 2017

How Gurgaon’s Real Estate Can Gain From Budget 2017

The Budget 2017 has boosted the slowed real estate sector in India especially by announcing infrastructure status to affordable housing, which has served as the backbone to the sector for long. Its impact on real estate developer in Gurgaon will be worth noting. Gurgaon – a big player in India’s real estate sector – has been grappling with difficult times especially since 2015, and in 2016 the sales volumes for propertiesin Gurgaon further went down and new unit launches were limited in the city.
Further, demonetization during the end of 2016 further affected real estate developers in Gurgaon like in the rest of the country. There was stability noticed in quoted prices and discounts were still available, but people stayed away from buying residential flats in Gurgaon. Gurgaon saw a fall in investment in the residential properties as residential buyers, much of whom were primary end users were on the lookout for ready-to-move-in flats and were wary of promises of future infrastructure or property. Overall, Gurgaon’s real estate market saw a great dip recently.
With the new budget placing affordable housing under the category of infrastructure, the government plans to get closer to its goal of providing affordable housing for all by 2022. This newly-granted infrastructure status also makes available cheaper funding options from real estate builders who can now access funds at a borrowing rate less than 10% for developing affordable housing, leading to a subsequent and definite reduction in purchase costs for homebuyers.
About 95% of the demand in the real estate sector has been of affordable housing. With reduced borrowing rates, the real estate developers can now focus on constructing housing projects where a major demand lies, and look forward to a healthy growth in this segment.
The budget has benefitted the end users the most. With enormous tax benefits offered to people in the lowest income bracket as a significant tool to push affordable housing, the dream of many to own a house now seems to get closer to realization. Also, with demonetization, banks have been further flooded with funds, and there are speculations that banks will low interests rates further and come out with affordable and attractive home loans. Future home-buyers have been watching the market carefully.
As a real estate market, Gurgaon has great chances of recovering from the downtime in the recent past. One of its driving strengths has been its ability to churn out high quality office spaces, and now while building on this strength, if the real estate developers in Gurgaon prioritize constructing and launching ready-to-move-in affordable housing projects that end-consumers place high value on and subsequently reward, then Gurgaon will soon rise up as a strong real estate provider meeting the housing needs of its residents.
Signature Global is a reputed name in the real estate sector in India. In Gurgaon, Signature Global is already constructing five housing projects under Haryana government’s affordable housing policy, is all set to invest Rs 500 crore in two more projects of affordablehousing in Gurgaon.