Realtors

Gurugram A fast Growing City in the Nothern India.

Published

2 years ago

November 13, 2022

It’s well-known that the real estate market in the Delhi-NCR region has skyrocketed in value over the past decade and continues to be an attractive property investment destination. However, given the astronomical increase in costs, Millennium City witnessed a slight dip during the last quarter when compared to the previous quarter.

With its unparalleled connectivity to critical infrastructure, the logistical advantage is the market can soon pick up the pace. Also, with the renewed interest of investors in the real estate market, the local market is set to benefit in the long run as it promises steady growth.

The residential market in Gurgaon is brimming with opportunities for real estate investors of all kinds – be it Expats, UHNIs, corporate professionals, or entrepreneurs. Speaking of residential properties, a recent report by PropTiger.com revealed that 3BHK apartments were the preferred configuration in Q2 of 2022, claiming 42% of the share in overall sales. With respect to the budget range, the report revealed that over 51% of the homes sold during the same period fell in the INR 1 cr+ price bracket.

Additionally, with India’s startup ecosystem booming and the skyrocketing entrepreneurial culture, Gurgaon’s standing as one of the hotbeds in the country for real estate has increased. Data shows that there are nearly 1500 startups in Gurgaon, further cementing the region as a goldmine when it comes to real estate investments. In fact, most of the units launched were sold in the micro markets of Sector 89, Sector 106, and Sector 62 in Gurgaon. The region has also witnessed a 9% year-on-year growth in property value, with prices falling between INR 6400 and INR 6600 as of 30th June 2022.

Aspects like the aforementioned, alongside the massive shift in consumers’ approach towards the residential real estate market and their preference for modern amenities, accessibility, an immersive lifestyle, and open, ventilated spaces, have made the city a goldmine of potential for real estate players. Besides, as residential properties continue to be built in Gurgaon, NRI investors also see the region as a plausible option for investments. In fact, in FY22, NRI investments in Indian real estate were approximately USD 14.9 billion, a number that was predicted the previous FY, with Gurgaon being the top choice in the northern section of the country.

Realtors

M3M Converting Gurugram Into a Millennium City

Published

2 years ago

November 15, 2022

gurgaon.hub

Pankaj Bansal, Director M3M India is an aggressive new age real-estate developer in India. M3M India itself is the largest developer of retail space in North India by delivering over 4 million square feet of retail space and 20 million square feet of overall space in one of the most promising growth areas of Gurugram.

M3M India today, is No. 2 in real estate builder India & No. 1 in North India with standing for recognizing developing real estate markets. knowing objectives in existence development, achieving the modulations of extravagance, and re-joining with ventures that capture the exclusive spirit of changing India. In under 10 years, M3M Properties has arisen as a notable real estate developer with quickness, class, and modernization being at the center of its thought. The M3M Group has launched a ton of iconic projects, arranged and created by top-of-the-line accomplices. They symbolize the new active Millennium Gurgaon.

M3M Properties recognized for Glory in the Trinity of Men, Materials & Wealth. The agenda of the company is “excellence, well-timed delivery, and superiority”. Distinctive features of M3M India within the industry are its resourceful, exclusive and outstanding concepts, multi-dimensional realty solutions and unique high service standards.

Showing its assurance towards developing modern real estate projects, M3M Properties has always expected to garner the best capacity in the association. The group has achieved asset experience in the real estate industry with special and corresponding talents from a big network of superior mediators, high-net-worth individuals, economic institutions, and some of the most thought developers in India.

Realtors

Signature Global Launches Second Phase of Premium Project in Gurugram

Published

2 years ago

November 14, 2022

gurgaon.hub

Real estate firm Signature Global kicked off the second phase of two luxury free-standing floor projects on Friday.

The broker will give the remaining 50% of the unit to the client in the second phase of the project.

Our first project Signature Global City 37D is located in Sector 37D and another project SG City 81 is located in Sector 81 Gurugram. Both are premium luxury offerings.

The first project has a total of 536 units with his BHK floors on the 2nd and 3rd floors. Independent floor of the project costs between Rs 82 lakh and Rs 1.29 crore. Another project, SG City 81, has 408 units with separate He BHK floors on the 2nd and 3rd floors of the second phase. Their price range is Rs 89 lakh – Rs 1.06 crore.

The real estate company is now focused on mid-segment affordable housing.

The company has expanded its operations over the years and as of March this year in the Delhi NCR area he has 23,453 residential and commercial units for sale, with total retail space of his 14.59 million square feet. Sales bookings (excluding cancellations) grew from INR 440 crore in 2019-20 to INR 2.59 crore in FY2022 at a CAGR of 142.62%.

“Due to the pandemic, consumers’ everyday needs have experienced a paradigm shift, now favoring open green spaces around their homes and nearby amenities. Due to consumer demand, we are considering offering more advanced and modern amenities on separate floors,” said Founder and Chairman of Signature Global (India) Ltd. As one Pradeep Aggarwal puts it:

The project was designed by renowned architect Hafeez Contractor. These independent floors are developed under the DDJAY (Deen Dayal Awas Yojna) government housing policy and are redundant with EDGE certification (a global green certification by IFC, the financial arm of the World Bank).

“We have strategically focused on central and state government policies to support affordable housing. Approved Affordable Housing Policy (AHP) and Affordable Plotted Housing Policy or Deen Dayal Jan Awas Yojana (DDJAY) -APHP),” the company said.

In addition, SG City 37 D is well connected with the proposed National Highway Pataudi Road, Dwarka Expressway, National Highway 8 and Hero Honda Chowk, another project, SG City 81, is well positioned. , Cyber City, Udyog Vihar, and Golf Course Extension Road, Sohna and Manesar.