Monday, 28 November 2016
Demonetisation by our Prime Minister Narendra Modi is one of the boldest decisions taken by Independent India in Last 69 years. This decision will play a crucial role in India’s growth and development in the years to come.
Among the various positives and negatives of Demonetisation, various news articles and reports by experts have emerged that Real Estate will see a massive price correction and people must wait to buy before the price correction occurs.
It is wrong to consider the entire Indian Real Estate as one. Indian Real Estate has various classifications like affordable or luxury; authorized or unauthorized; primary market or secondary market; tier 1 or tier 2 or tier 3 cities; agriculture land or urban land; end user market or investor market etc.
It is important to consider certain facts before accepting or rejecting something on the face of it.
In primary market (where buyer buys directly from the builder or colonizer or authority), mostly the purchasers are end users who are buying property to make it their home or as an asset class to hold it for long term. This holds true in todays scenario because investors are absent from market since almost 3 years due to market being stable.
End user market is growing on back of Home Loans availability. Buyers pay 10-20% margin money and take the balance Home Loan to fund their purchase.
Due to Demonetisation banks are expected to get deposits of approx. 10 Lacs Crore as per the estimate of the Government and with this kind of liquidity and cost of funds going down for the banks, the rate of interest of Housing Loan will most probably go down. This will not only result in lower EMI but also increased Loan Eligibility for an actual Home Purchaser.
From the past experience when the Home Loan rate of Interest was in range of 7.5-8%, the Indian Real Estate had seen the maximum growth and boom.
Banks have already reduced their deposit rates.
Hence we can infer that with demonetisation and banks reducing their rate of Interest, primary real estate market will in most probability grow and demand will increase in end user driven markets.
This hold more true for affordable home segment market for areas like Raj Nagar Extn. Ghaziabad, Noida Extn., Bhiwadi, Faridabad where home purchasers are mostly the first time purchasers and property cost is below 50 lacs.
Already the government rules did not permit to take cash more than Rs.20,000=00 in the property transaction. Hence the cash component was almost negligible in the primary affordable home segments.
Demonetisation will definitely impact unauthorized construction, secondary market sales where some component of cash might be present and with less cash liquidity in hand, they will also move towards complete cashless mechanism.
Real Estate industry contributes more than 7% to India’s GDP and supports more than 360 ancillary industries and is the second largest employer after agriculture in India.
In the longer run, we will have more tax payers and increased tax revenue for the government which might result in lower taxation as a whole.
All the developed economies in the world are cashless economies and day is not far when India will be counted amongst the Developed Countries.
Monday, 18 April 2016
Sunday, 6 March 2016
Saturday, 23 January 2016
SG Oasis 2,3 BHK An Exclusive 18 Months Free PREEMI Offer in Vasundhara For First 10 Bookings* Call 9910050600
Friday, 15 January 2016
First Time in Raj Nagar Ext. SG NIWAS YOJNA for Salaried Employees at 2590/sft(All Inc.*) email@example.comL, 3bhk(mini)@27.19L,Scheme till 14Feb2016
Friday, 27 November 2015
A perfect location and project to buy a flat in Rajnagar Extension,Ghaziabad.
Please Have A Look - https://youtu.be/mmIcMBPpQ4g
Please Have A Look - https://youtu.be/mmIcMBPpQ4g
Saturday, 17 October 2015
Vasundhara is a sub city planned by UP Aavas and Vikas Parishad and it is surrounded by colonies developed by GDA like Vaishali, Kaushambi and Indirapuram.
Unlike areas developed by GDA, Vasundhara has wide roads, more concentration on plotted development and few Multistoried Group Housing Apartments. It has fully developed infrastructure like Sewerage, drainage system, electricity substations, water lines etc. It has provision of direct Ganga Water Supply.
Vasundhara being part of Ghaziabad has multiple connectivity options with Delhi. Nearest Metro station is Vaishali Metro Station, which is at a distance of 500 meters from Sector 19. It is at a few minutes distance away from Noida, another buzzing town of Uttar Pradesh. Work has also started on extension of Dilshad Garden Metro line to New Bus Stand in Ghaziabad which will also provide connectivity to one more Metro line to Vasundhara Residents.
Many reputed schools like Jaipuria, DPS, Amity, Amity International, Springfield Schools are in Vasundhara and various local shopping markets are fully developed. Medical Facilities like nursing homes, hospitals and labs are operational in Vasundhara and there are also various entertainment hubs.
Density of population in Vasundhara is controlled and it is not densely populated due to more of plotted development than Group Housing Apartments.
Vasundhara is also reasonably priced than Kaushambi, Vaishali, and Indirapuram.
For example in the projects developed by SG Estates Ltd., 2 BHK is priced at approximately 45 Lacs in SG Oasis in sector 2B Vasundhara and around 55 Lacs in SG Homes in sector 3 Vasundhara. The price for similar flat in Indirapuram is around 60-65 lacs.
SG Oasis in under construction and possession in expected in 2 years whereas SG Homes is ready to move in in Phase 1 and Phase 2 will be delivered in 2 months time.
In addition to various residential options Vasundhara also has various retail and office Towers in the price range of 6000-7500 per sq.
SG Estates has developed SG Alpha Tower in Sector 9, which is a complete office tower and SG Beta Tower in Sector 3, which is a combination of Shops and Office space format.
About SG Projects:
SG Grand in Raj Nagar Extn. SG Homes in Vasundhara, SG Oasis in Vasundhara and SG Benefit in Govindpuram
SG Impressions58, SG Impressions Plus in Raj Nagar Extn, SG Impressions, SG Alpha Tower, SG Beta Tower in Vasundhara.
Saturday, 10 October 2015
Friday, 14 August 2015
Thursday, 23 July 2015
• Nature of development is planned & as per the GDA master plan 2021.
• Option to choose from Under Construction to Ready to Move Apartments
• Work on Zonal Plan Roads and STP in full progress by GDA.
• Right mix of Residential , Commercial & Institutional area development.
• Happily Living around 7000 Families in Raj Nagar extension.
• Many Schools like GD Goenka, DPS, Parivartan already operational in Raj Nagar Extn.
• Dedicated Malls in Raj Nagar Extn will be operational soon.
• Multiple connectivity options from Delhi. • Ideal & Planned Development of NCR.
• Freehold land development.
• Raj Nagar Ext. the geography itself a big reason to choose as a location, been closed to East/Central Delhi, Ghaziabad city & the Electronic city- Noida.
• Under construction & Extension of Delhi Metro (RED Line) to Ghaziabad New Bus depot via Mohan Nagar/NH58, 8 Metro station on 9.8 Km Metro Route.
• Under construction Hindan Elevated Road from Raj Nagar extension Entry to /Ghazipur Delhi Border/NH24,Parellel to Hindan-Ganga Canal, access controlled 4 LANE development, expected operational by Late 2016 or Early 2017, Once it is ready travel time to Delhi will be reduced by 1/3 from the current.
• Under construction 3.8 KM /70 Mt wide Link Road between NH58 To NH24, Probably it will be ready next 6-8 months from now, once it is operational for public, then Noida & its Institutional/Commercial Sector 57 to 68 will be only around 6 KM from Raj Nagar extension Entry.
• Around 100 acres green /recreation zone/man made forest with Water lake/bodies ( one of the largest green zone, By GDA ) only minutes away.
Monday, 15 June 2015
Tuesday, 3 March 2015
Monday, 23 February 2015
Raj Nagar Extn. Developers Association in collaboration with Navbharat Times has organized “Happy Street” IN RNE spread over six weekends starting from 15th February 2015. It is popular in Delhi, Mumbai, Gurgaon in the name of Raahgiri and is loved equally by all age groups from a child to senior citizen.
It is an event of the people, for the people and by the people where the roads are blocked and reserved for fun activities like cycling, skating, zoomba dance, rock band, race etc. It is all spread over 3 hours from 7 AM to 10 AM where in people feel the freedom of the area and have fun with families, friends and their own self.
People are also enjoying the City Forest spread over more than 100 acres adjoining Raj Nagar Extn. City forest is a new initiative of GDA in addition to two new infrastructure projects namely Elevated Road from UP Gate to RNE and Metro in Raj Nagar Extn. (On Hindon River cut). The construction on both the infrastructural projects has started.
This event was brought to the area by Raj Nagar Extn. Developers association. Raj Nagar Extn. Developers association sponsored this event as part of its responsibility towards the citizens/residents of the area and to bring forth the same fun that is popular in all the metros now. Raj Nagar Extn. Developers association has played a very active role in the development of the area from its beginning.
Happy Street is being actively attended not only by the residents of the Raj Nagar Extn but also from residents of nearby areas like Kavi Nagar, Raj Nagar, Vasundhara, Indirapuram etc.
Entire administration of Ghaziabad like Nagar Nigam, Police, Ghaziabad Development Authority has played an active role in organizing this event.
SG Estates Ltd. is an active member of the Raj Nagar Extn. Developers association and actively involved in the development of the area.
SG Estates has already delivered two projects in Raj Nagar Extn. namely SG Impressions 58 (comprising of Tower A, Ivory Tower and Indigo Tower) and SG Impressions Plus comprising of more than 500 apartments. Both the projects are occupied are equipped with modern facilities.
SG Grand is under construction and is spread over 5 Acres. SG Grand is strategically located in Raj Nagar Extn. and has options of 2/3/4 BHK apartments.