Tuesday 25 December 2018

5 Precautions to Take When Buying A New House

“Home is where you feel loved, appreciated and safe” – Trace Taylor. This statement is where the real estate industry revolves around, for it knows the emotions of its customers or clients.
Buying a house is an event important enough ads it involves investing a considerably large amount of money. Although many people today manage to buy a home through savings, others largely depend on financial loans to fulfill their dreams of owning a house.
Consumers mostly rely on the existing reputation of the builder, though the approach isn’t right as perfect paperwork should be the foremost criterion to buy a new house. Caution should be maintained and a check must be kept if the builder has the essential paperwork done before investing in a particular project.
It is important to check the builder’s credibility on different forums. A check on their past projects worked, their reputation and their work attributes will help in deciding better on which builder to choose for your home.
Here are the 5 things that need to be taken care of as precautionary care, before buying a house: -
Check The Title Deed
It is of prime importance to review the title deed of the land on which the property is based on. The deed will not only give the consumers clarity about the pros and cons of the property but will also help them understand the actual scenario, be it – ownership, sale or transfer of ownership rights. This deed will also clarify on any existing litigation concerning the property.
Review the Intimation of Disapproval Documentation
The permissions, as well as “No Objection Certificates” are the documents that comprise of the Intimation of Disapproval. It acts as a declaration for the builder where he obtains permissions from different departments like the - Storm Water and Drain Department, Forest Department, Traffic and Coordination Department, Environment Department and others at the various stages of construction. A commencement certificate is what that must also be checked along with these for it allows the builder to start the construction on legal terms.
Check the Certificate of Encumbrance
You would never want your investment in real estate that has pending litigations or any monetary liabilities. Usually, these facts are hidden from the customers but exercising caution on your behalf by having a look at the encumbrance certificate is a mandate. It helps in confirming the fact that the land is free from every kind of legal issue.
Know the Layout Plans
With real estate scams cropping up in the market, one should verify the layout plan documents before actually putting in money. Reviewing the documents and checking if they had been authenticated by the respective authorities is a must. Insisting on having a look at the occupancy certificate implies on the knowledge of the customer as well as a check on the developer that every kind of litigation has been cleared with.
Verifying the Purchase Agreement
When all the above processes have been cleared with, checking the purchase agreement is important. Every minute detail regarding the payment details, construction, specifications regarding the apartment, deadlines and penalties are mentioned in this document. The purchase agreement is the basis of every kind of future negotiation available and also acts as a solution provider from every misdeed that can take place in the foreseeable future.
Signature Global, led by strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allow the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad.

Sunday 23 December 2018

Effects of Latest Technology on Real Estate Industry

Technology is growing and evolving with each passing day and the real estate industry is already trying to cope up with it.

Many of the big players are into upgrading their proprietary technological solutions, while others are spending a lot into customized applications. It has already been seen before in other industries - everybody wants to be on the upper hand in this ever growing competition. History is witness to these evolutions; however, reinvention is most of the time an unnecessary demand as it leads to further fragmentation and makes industries less competitive. While industries that are technologically advanced have already moved from a restricted-use model long ago and have embraced an outsourced consumption model whereas the real estate industry, has not yet indulged into it. The technology is out, but now, the desire to advance from the traditional way of has been getting old-fashioned at a rapid rate.

Here are some technologies that own the potential to become a necessity in the real estate industry:

1. Indulging Into Virtual Reality (VR): - One of the most infamous applications that are becoming rapidly popular among the consumers and businesses today, as it is easy-to-use and user-friendly for real estate, is - virtual reality (VR). Advanced realtors are already shifting beyond the regular photos, the 360-degree videos that seemed larger than life at some point of time and are into offering their clients 3D “tours” on the virtual property on their digital devices. Different levels of 3D aggregators are always on the market, but they still belong in the early days for acing the real estate industry.

2. The Cloud: - Is another platform with a wide-ranging effect that takes on the closing procedure. Since the closures have always been a pain for any real estate player, The Cloud has been a savior. With better data management applications, the whole procedure can now be streamlined for commercial as well as residential purchase purposes with electronic signatures. These indicate simplification of lengthy procedures that often consumed days or even weeks.

3. Usage of Blockchain: - The perfect place for the cryptocurrencies in the real estate transactions. Blockchain’s security, transparency, as well as efficiency in innovations, are what actually matters to real estate buyers, sellers and/or renters. Transparency is what actually concerns the buyers, renters and the sellers, which Blockchain ensures totally.

The real estate industry still lies in the beginning stage of technological innovations. Since it’s just the beginning, what we can do is be patient and not underestimate the potential of growth of this industry. With the 21st century bringing in dynamic changes to the world as a whole, we can surely expect home buying experience to be more interesting yet user-friendly and informative for all the players involved.

Signature Global, led by strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allow the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad. Some of their successfully completed projects include: -




Wednesday 19 December 2018

Affordable Housing and Sustainable Development Goals

Affordable housing is basically defined as housing units that are affordable by a particular section of society whose income lies below the median household income. By median household income, we mean the amount that divides the distribution of income into two groups – where one half is the income above that breakeven level and the other half, which lies below it.
Sustainable Development Goals (SDGs) – also known as Global Goals, are the basic targets which are to be met for ensuring peace, prosperity as well as sustainability for all. There are a total of 17 goals, as mentioned below: -
a. No Poverty.
b. Zero Hunger.
c. Good health and well-being.
d. Quality Education.
e. Gender Equality.
f. Clean water and sanitation.
g. Affordable and clean energy.
h. Decent work and economic growth.
i. Industry, Innovation and Infrastructure.
j. Reduced Inequalities.
k. Sustainable Cities and Communities.
l. Responsible consumption and production.
m. Climate Action.
n. Life below water.
o. Life on Land.
p. Peace, Justice and strong Institutions.
q. Partnerships for the goals.
The world’s cities tend to occupy just 3% of the total available land on Earth, but it accounts for approximately 60 to 80% of the total energy consumption as well as 3/4th of all the carbon emissions. Rapid urbanization is pressurizing on the limited supplies of fresh water, sewage and public health. Our urban world is growing at a rapid rate but is experiencing high levels of congestion, a considerable lack of basic services, an acute shortage inadequate housing, and the declining infrastructure. More than one-third of the world’s urban population live in slums, which is a matter of great concern.
Cities are the driving engines for sustainable development. They are the hubs for ideas, commerce, science, culture and productivity. Urban spaces not only offer good opportunities for people to prosper socio-economically but also the decent job opportunities that one aspires for as well as the land resources that aren’t overwhelmed by growth. An unplanned expansion that is taking place where the cities tend to spill beyond their boundaries can have a detrimental effect to the development planning of our nation as well as on the sustainable development goals that ensure sustainable development. Our urban spaces are some of the major emitters of the harmful greenhouse gases and contribute greatly to climate change as almost half of the global urban population breathes the air that is approximately 2.5 times more polluted than the deemed acceptable standards set by the World Health Organization.
There is no doubt about the ambitious 2030 SDGs, but, to turn them into a reality we should think innovatively for providing the housing facilities and addressing the challenges that arrive with the factor of affordability.
We need encouragement for innovative and inclusive housing finance systems that include incentives for housing finance providers who give low-income groups and the alternative financial institutions money for low-cost housing. Promoting new approaches to collateralization, guarantee mechanisms and financial products that are adapted to gradual building processes.
The future of cities depends on better availability and accessibility to adequate housing to be provided for all. Placing affordable housing as the prime focus for national and local urban agendas can be instrumental in getting this goal and equality of opportunities in the urban development procedure.
Signature Global, led by strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allow the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad. Some of their successfully completed projects include: -

Thursday 27 September 2018

Conquering Legal Hurdles, Dwarka E-way Project Set For Completion

The Haryana Urban Development Authority (now rechristened as Haryana Sahari Vikas Pradhikaran) has overcome all hurdles in the legal arena for physically handing over the Dwarka e-way project to National Highway Authority of India (NHAI), and is set for speedy completion of this carriageway which has been stuck for several years now.

The Haryana Urban Development Authority (HUDA) is a statutory body under Haryana Urban Development Authority Act, 1977.

Its functions are as follows: - 

• To promote and secure development of urban areas in a systematic and planned way with the power to acquire, sell and dispose off the property – both movable and immovable.

• Use this to acquire land for residential, industrial, recreational and commercial purposes.

• To create availability of already developed land to Haryana Housing Board and other bodies for giving houses to the EWS (Economically Weaker Sections) of the society, and

• To undertake building works.

The Dwarka e-way project was formulated in 2006. However, this project has been getting delayed since 2010, when it was already expected to be completed, missing out several deadlines in the procedure. Despite 5 years since its emancipation, after the announcement of the rehabilitation policy, HUDA has been unable to clear the land required for the e-way. 

The National Rehabilitation and Resettlement Policy, 2007 has the primary objective of minimizing displacement as far as possible and to promote, to ensure adequate rehabilitation package and expeditious implementation of the rehabilitation process with active participation of the affected families to ensure that special care is taken for protecting the rights of the weaker sections of the society, and to ensure a better standard of living for their treatment with concern and sensitivity.

Now, the 27-kilometer-long e-way has been stuck for the want of clearing habitation on some of the areas of the land falling in Gurugram and Delhi. In 2017, NHAI cleared the Delhi land hurdle and looked forward to the acquisition process for approximately 10 acres of remaining land for the Delhi portion of the e-way. In Gurugram, this process of ousters in Palam Vihar and Kherki Daula had stalled work on the 3.5 kilometer stretch out of the 18 kilometers long portion falling in Gurugram. But at present, the authorities have been into removing all the structures coming in the way of highway, falling under Gurugram and rehabilitating the ousters, as per the directions given by the Punjab & Haryana High Court, e-way is expected to be completed soon.

Pradeep Agarwal, The Chairman of Signature Global made an assertive statement in this regard, saying it as a great development, as the hurdles have now been cleared and hopes can be made for starting the construction process of the e-way by NHAI. He also added that it would create a positive impact on the real estate industry as thousands of apartments, that have come up along Dwarka Expressway, were hard-hit due to lack of proper connectivity and inadequate infrastructure.

Signature Global, led by a strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allows the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad. Some of their successfully completed projects include: - 


Friday 17 August 2018

Solera Setting Milestone for Affordable Housing

Gurugram is known as a destination for luxurious and premium housing. The fast-paced development and expansion plan that the city is facing, has made it one among the highly expensive space to dwell. It has remained the most preferred place for corporates and companies to settle. The primary reason is due to its perfect geographic and demographic location with close proximity to Delhi. Gurugram also inhabits a large section of affordable housing in Delhi NCR.

The Haryana Urban and Development Authority (HUDA) and premium properties support developers with an incentive to build low-cost housing units. But, one of the prominent obstacles that homebuyers always face is the over promise and under deliverance from builders. According to Ficci-Grant Thornton- Escrowffer report, around 72 percent exchanges were made in a secondary segment, against 28 percent in the primary segment. This is the reason why homebuyers have been shying away to invest in properties and real estate industry. Delivery defaulters led to a downward trend in the sale of first under- construction home.

Signature Global, the principal real estate in making affordable housing in Gurugram, is all set to launch its Project Solera in sector 107, Gurgaon. The project was completed before the timeline and has placed Signature Global as the leader of affordable housing. The project has an ideal location, exemplary quality of construction with impeccable amenities at a reasonable cost. The project has strategically placed with Delhi being only 15 mins away, 5 mins from proposed metro station, 10 mins from NH 8 and 10 mins from IGI which adds more to its USP. Moreover, with zero GST on ready to move-on apartment makes it all the more attractive. Signature Global has worked with the spirit of our motto i.e. “Making India Affordable”. This is well evident with the projects that develop such as The Millenia Sector 37D, Roselia sector 95A, Grand Iva Sec 103, Orchard   Avenue, sector 93. 

Gurugram has been the most expensive destination of NCR, it’s almost unfeasible for people to afford a home or an apartment. And people usually end up renting a flat for life. To get associated with people aspirations and catering to the needs of people is important for strengthening the roots in the property sector.  Hence by handling Solera, our main objective lies at adding more value to people’s life and ‘Value-Based Housing’ elaborates Mr. Pradeep Aggarwal, Co-founder, and Director, Signature Global and chairman, National Council on Affordable Housing, ASSOCHAM.

Thursday 14 June 2018

Gurgaon - A Glimpse into the Great Future


Gurgaon is a fast-growing city which is just the southwest of New Delhi located in Haryana. It has become a leading industrial hub with rapid urbanization. The progress in its every sector has triggered new opportunities which complement the surge of advancement in real estate. Skyscrapers reign the skyline, high end shopping complexes for new generation, restaurants of all types and a rapid new metro system fascinates the investors to its further developments in upcoming affordable housing projects.
 With its shiny buildings and rising economy, Gurgaon is often portrayed as a symbol of a rising "new" India. Now, it boasts over a million inhabitants, office complexes housing companies from Accenture to Xerox. The futuristic city has local offices for more than 250 Fortune 500 companies but historically called “GURUGRAM” whose economic growth began when the leading Indian automobile manufacturer Maruti Suzuki India Limited established a manufacturing plant in 1970s. That’s how the city developed its dominance as a corporate hub for various companies.
 With no doubt, Delhi's Indira Gandhi International which is just across the border of Gurgaon, adds to its popularity. The yellow Line of the Delhi Metro serves to the northeastern part of Gurgaon which runs from NH-8’s IFFCO Chowk to Connaught Place.  Gurgaon also has a small railway station on the Delhi-Jaipur line, but it only receives almost five trains a day.
 It is an ideal place to spend the weekend with family and friends for numerous leisure activities like Go Karting, Bowling, Pool etc. along with a classy bar, a casual café, etc. It is abounded with malls such as MGF Mega City, DLF Grand Mall, Ambience Mall and frequently many special events and promotions take place.

 Due to sustained occupier’s interest, there has been a robust demand in office market and also witnessing the growth in residential segments. It provides affordable homes in Gurgaon with improved infrastructure and expansion of civic amenities around NH8, Golf Course Road and Dwarka Expressway. It leads to get significant investments which have an impetus to its growth. The emerging areas of Gurgaon offer many excellent opportunities for residential flats along with commercial buildings.
 Today, Gurgaon has expanded more than 70 percent during the past decade to more than 1.5 million people as it is one of the India’s fastest growing districts. The connectivity is great especially in Golf course road and National Highway-8 location.
 The rapid infrastructure development has given a doorway in the market for expansion in affordable housing projects in Gurgaon and intrigues new investors to make establishments. The long-term demand for affordable homes in Gurgoan along with burgeoning office market continues to be strong in near future. Most of the demand and supply for residential property has been shrunk in the mid-end to high-end segments. It is indicative of a revival in the affordable homes in Gurgaon.
 The economic growth is often the product of a private sector improvising to meet the modern adequacies of the city. At times of electricity blackouts, Gurgaon's companies and real estate developers operate massive diesel generators which are capable of powering small towns. Companies employ hundreds of private buses and taxis for easy conveyance to their employees. Gurgaon is a patchwork of private islands more than an interconnected city.
 With rising global influence, people expect to dwell in such an ever-growing landscape with all amenities. Real estate values have risen sharply in the city that the demand for affordable homes in Gurgaon steadily increased, followed by demand for commercial space as multinational corporations began arriving to take advantage of India's emerging outsourcing industry. Outsourcing requires massive workspace for thousands of white-collar employees.
 Companies still tend to move towards Gurgaon because the city's commercial space is more modern, more abundant and far cheaper than that in New Delhi, while Gurgaon is also a center of attraction for India's best-educated, English-speaking young professionals, the essential raw material in the outsourcing business. And there is the advantage of a concentration of expertise: in the past decade, Coca-Cola, PepsiCo, Motorola, Ericsson, Nestle India and other foreign and Indian companies have opened offices in Gurgaon.
 Other cities want to match with Gurgaon's growth and dynamism. Gurgaon is already building an industrial district and planning to create more commercial space for the influx of more new companies and builders. It has become a pacesetter for present generation to shape up their future.
 Signature Global Group is a real estate and infrastructure development company fusing accessibility, technology, design and energy conservation to deliver innovative real estate projects developed around nation’s most desirable locations. The philosophy of Signature Global Group is simple – bringing together the best to stand for the highest standards in real estate quality both in terms of planning and executing ambitious projects.

Wednesday 14 February 2018

GOVERNMENT’S GENUINE CONSIDERATION FOR AFFORDABLE HOUSING IN BUDGET 2018

Getting your own space, which you can proudly call your home, is not a far-fetched dream anymore.
A home is not a luxury, but a right for everyone regardless of their social status.
With government’s Annual Budget 2018, the affordable housing will soon be a possibility for everyone.
In the budget, central government has granted infrastructure status to affordable housing which will
enable these projects to avail the associated benefits such as lower borrowing housing rates, tax
concession and increased flow of foreign and private capital.
Consequently, making home loans cheaper and available at much lower rate than before.
Some reforms have been introduced which might result in spurring the housing and construction
activities, providing huge relief to real estate developers. Real Estate (Regulation and Development) Act,
2016 (RERA), Real Estate Investment Trusts (REITs), higher tax breaks on home loans, the Goods and
Services Tax (GST), land-related reforms, optimizing development control rules, rationalizing of the
stamp duty and registration charges, digitalization etc.
These reforms are also expected to attract private and foreign investments in the housing sector, having
a positive multiplier effect on GDP and labor market.
In order to achieve Housing for All, based on assessment at the state level, the nation has the mammoth
task of creating about 12 million houses under the affordable segment of real estate.
Signature Global upholds the vision of “Housing for All’’ of the Annual Budget 2018 and plans to provide
shelters for the masses, transforming this dream into reality.

Sunday 14 January 2018

CUSTOMER-DRIVEN MARKET GETTING MUCH-NEEDED RECOGNITION

New Commercial Projects in Ghaziabad | Shopping malls in Vaishali

CUSTOMER-DRIVEN MARKET GETTING MUCH-NEEDED RECOGNITION


When the market is healthy enough, the real estate segment contributes a considerable fraction to
the nation’s GDP. The real estate undeniably has economic and productive effects. Due to the
expanding population, there is a housing shortage close to 1.9 crore units in India. There has been a
slower pace in the growth of property as a result of disorganized norms and procedures. The
economically weaker sections and lower income groups have suffered from the housing shortage
due to the high priced housing projects.
The lack of housing for the neglected section of population brought the plan for ‘Affordable Housing’
into the picture. ‘PradhanMantri Awas Yojna’, a policy with a motive to provide affordable housing to
the urban poor and lower income groups got introduced in June 2015 by the Prime Minister
Narendra Modi. The target of this policy is to provide housing to all by the end of 2022. The plan to
execute affordable housing projects all over the nation is being supported by the concerned
segments. Various developers, financial institutions, and micro-lenders have proposed new policies
to execute this plan within the framed deadline. Also, affordable housing has become a new interest
for the developers as they know it's attracting more homebuyers. Due to the governmental
initiatives, the concept of affordable housing has become an admirable concept. The concept is still
growing; the goal to provide homes to all still prevails. The push from the government is encouraging
the private sector participation in this concept.
Recently, the reports by the credit information company confirmed that there is a vigorous growth in
the compound annual growth rate for affordable housing home loans in the last five years. The
favourable outcome is that the buyers going through disorderly home loan procedures will now have
the liberty to attain accomplishment. Also, due to the advent of new policy enactments, there are a
number of hopes in a straight row aligned for the investors.
“As our projects are already inclined towards the affordable aspect, we have launched 9600
segments in Gurugram in the past two years and have planned to come up with 1,00,000 more units
in favour of affordable housing policies. It would be an ease-up for the first time home buyers as they
would be getting ample opportunities to select the desired space for living. We wish to contribute
more to the enactment of this policy so that the motive of providing own houses to all gets
accomplished. With quick execution and policy change, the sector will give rise to new parameters
and housing styles. This will also lead the financial institutions to work on lower thresholds which will
make new inroads for the home-buyers. The increase in demand for affordable projects is seen on
the real estate portals clearly by the experts. It’s a positive sign for us as we have been focusing on
a similar concept since the beginning” says Pradeep Aggarwal, Chairman, National Council on
Affordable Housing, ASSOCHAM who is also the Co-founder & Chairman of Signature Global.

Friday 5 January 2018

GST AND RERA HAVE BEEN A GAME CHANGER FOR REAL ESTATE

The real estate sector with the roll-out of game-changing policies such as GST and RERA has emerged  out as a  strong  market. Demonetization’s impact started to taper off slightly, while real estate investment trusts (REITs) did not take off this year as expected. Affordable housing came out of the shadows and affordably-priced units have been selling like hot cakes in most cities. India’s Tier 1 cities are expected to move up from their current 36th rank in JLL’s 2018 Global Real Estate Transparency Index (GRETI) on the back of continued improvements in structural reforms, implementation of RERA and GST aimed at making India a modern economy. The GST regime has shown up as a transforming tool for the real estate market.  The real estate sector has experienced a tough time in the past years consistently.  The GST has eliminated the complicated multiple taxation system and has brought simplified taxation process into the picture. Both the buyers and the interested buyers are taking this enactment as a good news.  Sources have suggested that  National Real Estate Development Council (NAREDCO) believes that the 12% GST on the projects undergoing construction will boost the sector.
“The GST is definitely one of the biggest reforms which have made the taxation process simpler and transparent for all. There would be one simplified tax instead of the number of taxations. The tax on tax element has been removed from the picture which is the  biggest ease up for all of us. The icing on the cake is that the GST council is keeping the affordable housing plan in mind so that there are no complications seen while executing the low-cost housing projects.  There are developers and other private body members who have time and again requested the council to reduce land prices and work upon making the residential property easily accessible for the lower margin groups. The lack of transparency in the prior taxation system was amid things that kept the interested buyers in a dubious state.  After the enactment of both GST and RERA, the buyers won’t have to ponder much while going for the desired investment  of land or property. The RERA is bringing in the transparency in the real estate sector which was much needed. Being a developer, it’s important for us to have credibility and accountability amid the investors and such law enactments help us do exactly the same” says Pradeep Aggarwal, Chairman, Signature Global.
Its clear that the GST council has kept the affordable housing policing in mind so the new taxation regime would be beneficial to all. The prior multiple taxation process was complicated for both the buyers and us. Moreover, the lack of transparency related to the tax charges used to keep most of the investors unresolved. Now, after the enactment of GST, the investors and buyers don’t have to knit their brows while purchasing any land or property. It’s indeed a positive change as both the newly introduced enactments; RERA & GST are working in the same direction by assuring transparency and credibility in the real estate sector.