South of Gurgaon to resurge despite the pandemic effects

South Gurgaon in the course of the most recent couple of years has developed as a prosperous center point for private and business realty. South of Gurgaon/Sohna Road has solid basics. This vital street has incredible locational favorable position and unrivaled network. The vigorous social foundation as top notch clinics, inns, schools and shopping centers gives further stimulus to it which prompted the rise of new territories, for example, Southern Peripheral Road (SPR) and Sohna Road - driving right up to Sohna town. The ultimate commercial venture in South of Gurgaon is consistently ready to become what Gurgaon should have been and there lies the contort in the story of Gurgaon’s prosperity.

Despite the serious shock by Coronavirus, realty in South of Gurgaon has all the possibility to bounce back.

All the while, Sohna Road fired hustling and around 2010 it was among the main 5 most looked through regions in Delhi NCR. The territory has kept up the enthusiasm of individuals inferable from the assortment of contributions including business, extravagance, mid-salary, and reasonable lodging. Presently known as South Gurugram, it shows promising enhancement for a considerable lot of the key boundaries of the bearableness list that can enable the area to come up as a metropolitan community in a five to seven years skyline, making it a hotspot for future urbanization.

With its brilliant availability and closeness to different business habitats, it positively going to profit individuals working in Faridabad and are on post for a affordable Homes in Gurgaon and commercial venture in South of Gurgaon. Signature Global Group’s plotted private and business ventures dedicated as Signum court in Signature Global Park 2 and 3, Signature Global Park 4 and 5, area 36, Sohna, South of Gurugram and Signature Global Prime  named Signum 63A, area 63A are reachable and all around associated with Gurgaon-metro passageway. This is further going to facilitate the traffic condition on the Gurgaon-Faridabad course helping occupants avoid contamination but associated with their work environments.

Mr. Pradeep Aggarwal, Founder and Chairman – Signature Global Group and Chairman - ASSOCHAM National Council on Real Estate, Housing and Urban Development says, “The reasonableness of commercial venture in South of Gurgaon, compared to expensive neighboring sub markets, makes it a problem area for both end-clients and speculators. While neighboring miniature business sectors have augmented their development potential. Thusly, there is acceptable potential for property appreciation. Likewise, the development deal with slowed down realty ventures is additionally progressively beginning. Last however not the least; with advancement picking pace after Corona interruption, this spot will develop as a definitive moderate lodging and business objective of NCR in the coming years.”

Affordable housing driving residential realty recovery

In spite of Corona pandemic, the great reaction to moderate and mid-fragment lodging shows that this section will be driving residential projects.

As per Q3,2020 report, offer of moderate and mid-fragment units estimated upto Rs 80 lakh contained 72%. These comprised 23290 units of absolute flexibly of units between July-September 2020.Nearly 75% of new dispatches during Q3, 2020 were in the moderate and mid-fragment units valued up to Rs 1 crore. The quarter saw deals outperforming new dispatches . On a quarter to quarter premise, deals in Delhi-NCR rose by 38% during July-September quarter.

Says Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ There is a colossal repressed interest for reasonable and mid-fragment lodging. Sensible and stale costs, beneath 7% loan fee, accessibility of prepared stock with no GST is changing over repressed interest into deals. Arrangements and limits and simple installment plans will additionally push deals in happy season, encouraging realty recuperation “.

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.

Even in times of Corona experts foresee positive development for affordable housing

 Despite the fact that the interest for Affordable Flats in Gurgaon had expanded lately, the lockdown came as a significant difficulty for the division which was at that point reeling under the emergency. The land is a hugely significant resource class, and with the market and stock worth’s vulnerability; it has become even more important.

Affordable Flats in Gurgaon will get more challenging post the COVID-19 crisis. To defeat this, engineers need to keep a few components – like arranging and structuring, innovative work, input materials, work and time – in thought while improving expense, additionally,  developers have begun with computerized showcasing and virtual tour’s, and ready to arrive at our intended interest group. What’s more, presently, fitting them as per the client’s evolving needs.

The repercussions of the Covid-19 pandemic circumstance has set up the way that possessing a condo is path better than managing the vulnerabilities of living in leased convenience. 

Mr. Pradeep Aggarwal, Founder and Chairman – Signature Global Group and Chairman - ASSOCHAM National Council on Real Estate, Housing and Urban Development says, “The worldwide economy has been influenced by the Corona infection pandemic; and the realty part also has been experiencing difficulties. By and by, reasonable lodging is the main segment which is as yet developing as it is an end-client driven market, the overall low property costs and low home advance loan fees could provoke home-purchasers to settle on their buy choices. Indeed, even in this pandemic, the legislature has upheld the purchasers with the augmentation of the Credit-Linked Subsidy Scheme (CLSS) which is an additional motivation for the Middle-Income Group (MIG) purchasers and has opened the different roads for the reasonable lodging to advance further. Including, the moderate lodging section helps in overcoming any issues between urban poor and mid-lodging fragment.”

Despite Corona emergency, most families actually presented to land

Despite the monstrous hit from Corona pandemic, land keeps on holding the extravagant of most of the Indian family units.

The Corona pandemic has seriously hit the business, economy and sales of Affordable Flats in Gurgaon Delhi NCR along with other regions of India and the world. It has anyway not seen money related resources developing at the expense of physical resources. As per an ongoing report by Motilal Oswal protections, Indian family units keep on having low presentation to value. According to the report, just 14% families are presented to value. This is the least on the planet against the US, Spain, Canada and China having 45.5%, 42.0%, 37.9% and 28.8% introduction separately. All India Debt and Investment Survey uncovers that normal families hold three fourth of their all out resources in land/housing.About 11% presentation is towards gold.

Says Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ Compared to the exceptionally unstable value market, land is very steady. Property costs have been stale for long and loan fees are at memorable low. This along with zero GST on RTM homes and only 1% on moderate homes in addition to designer limits are acceptable motivations for putting resources into private realty”.

Get in PMAY home advances light up possibilities for home deals

In spite of the pandemic seriously hitting the economy , land and lodging, the get in home credits is a solid sign.

As per contract insights, the nation’s greatest home loan moneylender , HDFC has endorsed and dispensed record home advances during Covid. Under the PMAY plot, it endorsed 50000 sponsored home advances over the most recent a half year. Also, during the most recent 5 months since April, it has dispensed 50000 home advances. This is very obvious as during the full a year ago, the pinnacle contract bank, dispensed one lakh home advances. During the most recent 5 years, HDFC has affirmed Rs 47000 crore of home credits under PMAY. It has given Rs 4700 crore of sponsorship to 2 lakh home purchasers under CLSS of PMAY. This will surely help customers who want to get their hands on Flats for sale in Gurgaon too.

Says Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “This is an exceptionally promising advancement in this merry season. This shows that regardless of pandemic mishap, the inert interest for lodging is getting changed over into deals. This will thus help in understanding the objective of “Lodging for All by 2022”.

Despite pandemic, affordable home buyers set to get their Flats in Gurgaon in the year 2021

 The zero time frame strategy of the UP government will help a large number of Noida homebuyers return home belonging notwithstanding Corona interruption.

A huge number of Noida home purchasers have been hanging tight for quite a long time for their home belonging. Confronting reserve crunch engineers had left their tasks halfway, abandoning homebuyers. Be that as it may, presently with the effective turn out of the UP government’s Zero Period. Strategy, any desires for affordable home buyers have lit up. Under this approach, developers are excluded from paying reformatory enthusiasm on the extraordinary land levy. The exception is relevant to the number of years their activities were trapped. The main unfavorable effect of the pandemic on this plan is that home conveyance is reached out by a half year. Rather than June 2021, the home purchasers will currently get ownership of their homes by December 31, 2021. Around 15 manufacturers and 22000 home purchasers will profit by this plan.

Says Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “ Builders in Noida and Gurgaon in NCR and somewhere else are zeroing in on venture consummations in conveyance. They have put brakes on new undertaking dispatches and are placing in their assets to complete their forthcoming ventures. This will assist them with winning the certainty of homebuyers, improve market notion to assist support with homing deals”.

Land obstacle freedom to accelerate Dwarka Eway completion

The freedom of land obstacle in Rangpuri will continue development on the Delhi segment of Dwarka Eway, prompting its initial fulfillment. 

The finish of 29 km Dwarka Eway has been confronting land obstacles for as far back as 11 years in its Gurgaon and Delhi parcel. The work on this interstate otherwise called Northern Peripheral Road had begun in 2009. The arrangement of NPR begins from Shiv Murti and closures at Kherki Daula on NH8. Delhi High Court has now taken out the land obstacle in Rangpuri, Delhi. It has requested land proprietors to hand more than 1 3.9 sections of land to NHAI for the resumption of the development of Dwarka Eway. The last cutoff time given by the NHAI for the consummation of Eway was 2021. This really indicates goodwill towards affordable home buyers in the sector.

Says Mr. Pradeep Aggarwal, Founder and Chairman Signature Global, and Chairman Assocham National Council on Real Estate, Housing and Urban Development, “ This advancement will encourage early resumption and fruition of Dwarka Eway. This eway is a lifesaver for New Gurgaon areas, falling along with it and along NH8. Its finishing will diminish blockage and improve versatility on Delhi-Gurgaon Eway. This will thusly help network inside Gurgaon and with Delhi. This thus will upgrade decency and improve purchasers assumption “

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”.

Signature Global Golf Greens Sector-79, Gurgaon | Affordable Housing in Gurgaon

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”.

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.”

Haryana Housing Policy

To ensure maximum utilization of urban land, and for catering greater housing stock for the growing need, HUDA since 1983, has introduced the idea of Group Housing in its major Urban Estates. On one hand, affordable houses become a reality through multi-storied construction and increased FAR, on the other hand, a sense of community living is inculcated. So far HUDA has allotted around 800 acres land to registered Welfare Housing Organizations, Co-operative group housing societies, and Govt. Departments for their rental housing.

Now, the Haryana government has launched a detailed Haryana Affordable Housing Scheme namely, Housing for all-2018 for core areas of municipalities in Haryana like Gurugram, Faridabad, Sohna, Karnal and so on. Under the Haryana Affordable, Housing Scheme identified beneficiaries will also receive assistance from Central Government’s Pradhan Mantri Awas Yojna like subsidy and home loans.

The main aim of the Haryana housing scheme is to provide housing for all.

Feature of all the housing projects under the Haryana affordable housing scheme are as follows:

· The minimum density permitted is 850 persons per acre and the maximum can be up to 900 people per acre.

· Maximum Floor Area Ratio allowed under the scheme is 225.

· To promote community infrastructure like market, playschool, garden, etc., builders can use a maximum of 50% area for residential purposes with a 4% area for commercial use.

· To keep the area from cluttering, builders also have organized a minimum of 15% area from the net planned area to open spaces.

· To keep the density in check, flat must not be allotted to more than 5 people.

For the allotment procedure, first preference would be given to physically handicapped people, senior citizens, Scheduled Castes, Scheduled Tribes, other backward classes, minorities, single women, transgenders and other weaker and vulnerable sections of the society among the eligible beneficiaries of the same town identified in Affordable Housing Project under Housing for All-2018.

The second preference would be given to physically handicapped people, senior citizens, Scheduled Castes, Scheduled Tribes, other backward classes, minorities, single women, transgenders and other weaker and vulnerable sections of the society among the eligible beneficiaries of other towns identified in Affordable Housing Project under Hosing for All-2018. And third preference would be given to the eligible identified beneficiaries not included in the above categories.

CLSS: Respite for affordable housing schemes

Home is essential for all families. If you or any of your family members don’t own a pucca house, then you might be eligible for Credit Linked Subsidy Scheme. (CLSS) under Pradhan Mantri Awas Yojana (PMAY) affordable housing scheme. This affordable housing scheme covers all the people falling under Economically Weaker Sections (EWS), Low Income Group (LIG)and Middle-Income Groups (MIG I and II).
You may be wondering what is PMAY subsidy? While PMAY is a broader scheme that aims to provide Housing for all, CLSS provides subsidies in the interest rate payable on home loans to make home-buying more affordable.

How does CLSS work?
As an instance, let’s say you have taken a home loan of Rs. 9 lakh for 20 years at a 9% interest rate. Under PMAY affordable housing scheme, if you are eligible for the middle-income-group I category, you’ll get an interest subsidy of 4%, which will make your effective interest rate of 5%. The total subsidy on your home loan would be Rs. 2,35,068.
Now, you can get a loan of higher amount depending on your eligibility, but the maximum amount for interest subsidy under CLSS that you will be eligible for would remain Rs. 9 lakhs under the MIG I category. Similarly, if you choose to opt for a longer tenure but the subsidy you can avail for will remain a maximum of 20 years. So, even if you take a loan of Rs. 10 lakhs for a tenure of 30 years, you will be eligible for Rs. 9 lakhs for 20 years. Additionally, you will be charged Rs. 1 lakh at regular home loan rates on the remaining loan amount for a period beyond 20 years (i.e. for the balance 10 years).

How to avail PMAY subsidy?
​
If you want to claim subsidy under PMAY – affordable housing scheme; your home loan must have been approved on or after January 1, 2017, as this affordable housing scheme is valid till March 31, 2022, for EWS/LIG segments and March 31, 2020, for MIG segments only. The subsidy is given on the behalf of your loan provider; you don’t have to do it in person. To claim the subsidy, all you need to do is submit a declaration, that must confirm your eligibility by fulfilling all the criteria. Once you have successfully submitted the application, your bank or the lending institution which you’ve applied for a loan will complete all the requisite formalities and file for a subsidy on your behalf. Now, you just have to be patient, the subsidy amount will be automatically credited to your home loan account as soon as the nodal agency such as the National Housing Bank approves your application.
To conclude, PMAY has made homeownership easier and cheaper for first-time buyers.

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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.

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.

Impact of Coronavirus on Housing and Real estate in India

As the world grapples with the effects of COVID-19, a virus originated from Wuhan, China, it has crossed geographical boundaries and led the world to one of the worst crises faced by humans. With 18,912 casualties, it has significantly impacted the world with countries like Spain, Italy, USA, and now India is going into nationwide lockdown. The consequences of COVID-19 are also apparent in different parts of the world like South East Asia, Middle East, Far East, Iran. The situation may get worse if the crisis isn’t managed and controlled.

Signature Global- Affordable Homes In Gurugram

Along with China’s trade shut, tourism & retail are some of the worst-hit sectors around the world. In the middle of such a crisis, the Indian economy – which is already going through an economic slowdown and liquidity crunch – is highly unlikely to remain unharmed. With fewer people going for site visits coupled with purchasing power going downhill and low transaction volumes, the fall of real estate and housing markets is also evident.

As of now, it’s hard to gauge the long-term effect of COVID on real estate and housing markets in India. But with time it might be possible to measure what the slowdown & dwindling demand caused by delays in buying decisions might unfold.

Even before, real estate & housing have shown resistance and successfully came up from many shockwaves like GST implementation, demonetization, RERA, NBFC crisis, etc. The current crisis induced by COVID-19 is not bereft of opportunities for the sector. Many buyers and investors might start investing in this sector as real estate offers a tangible asset in contrast to stock markets.

A lot of factories around the globe are shutting down because of Coronavirus which is apparent with the collapse of import and export. China’s economic growth has been estimated up to 2.9% from 4.8%. This might be a cue for Indian export and import to fill the void in the global market. This will open doors for economic growth in the country and positively usher real estate demand.

2 BHK Flats In Gurugram, becomes a reality with Orchard Avenue 2

Orchard Avenue 2, sector 93, Gurugram by Signature Global is a world-class residential project which amalgamates global standards and amenities. If you are on a lookout for a high standard and luxurious living, this residential project is your best bet. Being located at Sector-93 in Gurugram, it is one of those residential projects where you would be provided with a large number of amenities. The IGI airport is only a 15 minutes’ drive from here. The Dwarka Expressway is 1.5 km away from the Signature Orchard. It is also surrounded by luxurious projects like DLF New Town Height and Spaze Privy.

2-BHK-Flats-In-Gurgaon-Orchard-Avenue-2

What are the main highlights of this project?

Choose from various sizes of 2 BHK flats in Gurgaon in Orchard Avenue 2 with carpet area ranging from 539.384 sq. ft. to 577.112 sq. ft. The total project spans across 5 acres. This residential project comprises of 6 towers and the apartments within these towers are resplendent with all basic amenities. One of the major highlights of this residential project is that it offers good connectivity from all the major locations of Delhi and Gurgaon.

What are the major amenities available here?

Community hall, Jogging track, kids play area are some of the major amenities of this residential project. It is one of those residential projects which comes with a 50% open area. Orchard Avenue 2 residential project would entail you with a no-maintenance charge for five years. This residential project also comes with an opulent architecture. It also features exclusive open spaces for kids to play around.

What are the locational benefits here?

The location of Orchard Avenue 2 offers you with various benefits being situated at Sector 93 of New Gurgaon. The Signature Orchard is just 1.5 km away from the Dwarka Expressway. So, if you want to commute to work, there is no other better residential space as compared to this. It is also very close to NH-8. The proposed metro station is within walking distance. Besides that, this area comprises of some the best hospitals and schools.

2-BHK-Flats-In-Gurgram-Orchard-Avenue-2

What are the social amenities nearby?

One of the major highlights of this residential project lies in the fact that it has various social amenities around. With the Dwarka Expressway, you can easily travel to Delhi in a matter of just 10 minutes if you are in an emergency. Besides this, the project is near to various super-specialty hospitals. The area also boasts of good educational institutes. Thus this 2 BHK Flat in Gurugram is situated in a very tactical location. 

A note on the developer

This group is founded by a set of seasoned professionals with an aim to blend quality and global standards. This Group also showcases a profound experience in the real estate sector. They have always emphasized on customer delight and transparent ethics to build the very best of homes.

What are the USPs of this Haryana Affordable Housing project Gurugram?

· Power backup through solar cells

· Adequate parking space for 2 wheelers

· Separate Jogging track

· Amphitheatre

A note on the nearby commercial properties located nearby

The property from the house of Signature Global, a premium developer will have access to several social amenities. Some of the renowned malls like Eros City Square Mall; Sohna Omaxe Mall & Raheja Mall is located in close proximity. Vatika Business Park, Sector 48, Unitech Infospace, DLF One Horizon & Unitech Cyberspace are some of the popular business hubs close to the property. 

Leading hospitals that are close to the property include Park Hospital Sec 47, Medanta Medicity, Artemis Hospital, Fortis Memorial Research Institute, Apollo - The Cradle & so on.

What are the major amenities available here?

When an individual owns a retail shop at Signum 93, Gurugram in Orchard Avenue 2, he or she will be flooded with amenities. To thrive in business, the very first thing that any business owner notices is how convenient it is to reach the destination; as far as this property is concerned, this Haryana Affordable Housing Project Gurugram is strategically located.

There will be an uninterrupted power supply round the clock, power backup will be provided. Withdrawing cash both for the shop owners & the customers will be much easier as both the party can withdraw money from the ATMs that will be located inside the property when the need arises. Complete peace of mind is guaranteed to the shop owners as there will be 24*7 securities. The entire property will be under CCTV surveillance. Investing in this property will be indeed value for money. Thus Haryana Affordable Housing Gurgaon in the form of Orchard Avenue 2 by Signature Global exudes value for money.