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.
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