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 “

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: -

1. Solera Complex (Solera2 Sector 107, Gurugram).

2. The Roselia (Sector 95A, Gurugram).

3. Synera (Sector 81, NH8, Gurugram).

4. The Serenas (Sector 36, South of Gurugram), and many more.

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.