Monday, 21 May 2018

Raj Nagar Extension to Witness Price Augmentation Upto 10 Percent with Secondary Markets Going Up: CREDAI Ghaziabad

The Ghaziabad chapter of the developers’ body CREDAI has anticipated augmentation of property prices to the tune of 10 percent in the immediate future, basis the rates in the secondary market going up by 20 percent and on sale properties in the region witnessing almost 40 percent surge in queries within the past two months.
The 10.3 Kms long Hindon Elevated Road, is a major catalyst for Raj Nagar Extension which gives the region seamless connectivity with the national capital and other micro pockets of Ghaziabad, hence improving its attraction quotient. The elevated road which has been developed with a total cost of ₹1,147.6 crores has seen massive commutation in just 45 days of it becoming operational. This meant that the region has come closer to Delhi in terms of computation and it is well reflected in the sales queries which have seen a sudden surge of almost 40 percent.
Experts are of the opinion that with so much more in store for Raj Nagar Extension in the form of infrastructural developments, property prices in the primary market are bound to see a jump of at least 10 percent in the immediate future. The GDA has also been very proactive in terms of paying attention to the region, be it the civic amenities, environmental development, etc.
Commenting on the overall realty prospects and growth perspective of Raj Nagar Extension, Gaurav Gupta, General Secretary, CREDAI – Ghaziabad & Director, SG Estates says, “Raj Nagar Extension is a complete real estate region with a perfect blend of residential and commercial setups along with apt civic infrastructure. Its been only over a month since the elevated road was inaugurated and we have started witnessing a sudden high demand for properties in the region.
There are already over 17,000 families residing in the region and we expect more to take possession soon as many projects are nearing completion. This sudden growth in demand is sure to propel property prices in the primary market as has been indicated in the secondary market as well.”

Thursday, 10 May 2018

Korean Technology giving wings to SG Shikhar Heights at Siddharth Vihar

Quality production, Timely delivery, Earthquake resistance, perfect finishing and speedy construction doesn't it sound like a bunch of roses all packed together with a seal of trust from a brand like SG Estates. This is exactly what you get at SG Shikhar Heights at Siddharth Vihar. It's a perfect combination and a classic amalgamation of quality and affordability for every home seeker.

You will find the harmony of holistic homes and healthy life at SG Shikhar Heights. The project is in the perfect harmony with laws of nature for peace, happiness, health and wealth. Living in a holistic home fosters the physical and emotional well-being of its residents and brings harmony and fulfillment.

With an excellent lifestyle, the project promises quality construction as it uses one of the most reliable technology for construction, 'Korean Technology'. This not only helps the quality to improve but comes with excellent advantages like earthquake resistance; because of the solid material being used for constructing the building stands firm against earthquake. Timely delivery is one of the biggest concerns for every home seeker and this technology helps you get the same. With discipline in the construction manner and efficient process, the technology achieves timely delivery along with fine finishing.

The project is located at one of the most sought-after destinations of Ghaziabad - Siddharth Vihar, it is a corner plot with 50 meters wide roads on two sides with ease of connectivity, well-connected to main NH-24 (NH-9), approved 14-lane expressway. All prominent schools, colleges, multi-specialty hospitals and other necessary requirements are in close proximity. Just outside Indirapuram and a few minutes away from Noida and Delhi makes it an excellent option for every home buyer.

With excellent facilities and state of the art amenities like open gym, exclusive kids’ rooms, clubhouse, jogging path, beautiful flower bed and ample green spaces make SG Shikhar Heights at Siddharth Vihar an affordable luxury for every home seeker.

Perfect location, excellent facilities, high tech technology, affordable prices makes SG Shikhar Heights at Siddharth Vihar the best deal for a home buyer to crack!

Monday, 23 April 2018

SG Estates to invest Rs 250 cr on a housing project at Ghaziabad

[Source: PTI]

The national capital-based company will develop 800 flats in the 3.5 acre housing project at Siddharth Vihar, its director Gaurav Gupta said.

Realty firm SG Estates will invest about Rs 250 crore over the next four years to develop a housing project at Ghaziabad in Uttar Pradesh as the company expects property demand to rise because of road infrastructure development.

The national capital-based company will develop 800 flats in the 3.5 acre housing project at Siddharth Vihar, its director Gaurav Gupta said.

"We have all the necessary approvals to develop this project including registration with real estate regulator RERA," Gupta said, adding that the construction work would start soon.

This will be the group's fourteenth project in the Delhi-NCR region.

SG Estates has fixed the basic selling price (BSP) at Rs 4,200 per sq ft.

According to information placed before the RERA, the project cost is about Rs 250 crore and the same will be be funded through internal accruals, sales proceeds and bank funding.

SG Estates will soon give possession to 500 units in its project 'SG Grand' at Raj Nagar Extension in Ghaziabad. The company has applied for occupancy certificate.

The group has two other ongoing projects in the Ghaziabad region -- 'SG Oasis' in Vasundhara and 'SG Benefit' in Govindpuram.

On the Ghaziabad realty market, Gupta said: "Widening of NH– 24 has proved to be a major boost for Siddharth Vihar. Now, with the advent of infrastructure advancements such as metro connectivity and link road between NH – 24 and NH 58, people will find Siddharth Vihar as an extension of Indirapuram in terms of connectivity and liveability quotient."

Ghaziabad property market would also benefit from Delhi-Meerut expressway, which is being developed at fast pace.

Tuesday, 17 April 2018

Customer Satisfaction in Real Estate Industry

Buying a House (especially under construction from a Developer) is a very different experience. The home buyer is confused with lot many thoughts, his decision is based on various parameters, he is confused about the success ratio of his hard earned investment.

2/3 BHK Flats In Rajnagar Extension
The process which starts from booking travels various zones and then ends at possession. This period goes through various phases of happiness (elation) to depression to joy to frustrations and so on. The managing staff has a major role in deciding this journey of the home buyer. There are few things which are beyond your control but your words of assistance and assurance can help them enjoy this journey peacefully.

Keeping a customer satisfied and sorting out the customer complaints are the topmost priority of most Real Estate Companies. However, it is only a handful of companies that are able to keep their customers happy and delighted. What lacks is two-way communication, customers keep complaining and there is no ear to listen. The communication needs to be complete.

Why is it so complex and difficult to keep customers satisfied?

The answer lies in the way we perceive customer complaints and reviews. If we take complaints and reviews as negative and run away from them, they are going to multiply and grow like a weed on an unattended piece of land.

We at SG Estates take complaints and reviews as opportunities for us to see what our customers are talking about and what corrective actions are required to keep them satisfied.

Although nature of complaints in real estate is sometimes complex and beyond the control of the developer like developments which are in the purview of the local authorities like roads, street lighting, sewerage etc. We have found most of the complaints as opportunities to improve further and learn from them. However, there are many instances when the issues are such where no action or rectification is possible but still, a patient hearing and a responsible reply is the basic thing that we must do.

We at SG Estates ensure this and have a robust mechanism to handle all the queries of our valuable clients. We hope to achieve 100% customer satisfaction soon.

Monday, 26 March 2018

SG Estates Tops Customer Reviews in Ghaziabad

SG Estates, a well-known reality player in the real estate sector in Ghaziabad, recently bagged best customer reviews during a survey conducted by an independent body. SG Estates reviews were appreciated by most of the people from Ghaziabad during the survey.

The body conducted a survey of 1500 people from Ghaziabad including Rajnagar Extension, Vasundhara where almost 70 percent people were satisfied with SG Estates housing projects. The SG Estates reviews were declared the best for providing friendly amenities which include the value for money as well as well functioning projects to the people residing in Ghaziabad. During the survey, people appreciated the housing projects constructed by SG Estates like SG Grand, SG Homes, SG Impression and SG Oasis etc.

SG Estates is renowned realty player for 27 years in Ghaziabad and is providing various space solutions to all people with different segments. The company has always worked towards accelerating customer satisfaction and ensured the customer gets good returns against value for the money paid. SG Estates has its expertise in Residential as well as Commercial Real Estate projects. The main objective of the company has been not just to tandem the consumer requirements but also to sustain the quality of work. SG estates have focused to operate in such areas where the demand is user-driven and not investor driven.

“I feel elated to know that SG Estates reviews by the customers have been exceptional amongst the survey conducted. We have always worked on Customer complaints, treated them as a room for development and aimed at satisfying the consumers for their investment with SG Estates. We focus on the customer needs and try our best to deliver all the really need. Thus, the market today recognizes us a trustworthy realty player in Ghaziabad,” said Gaurav Gupta, Director, SG Estates.

Tuesday, 6 February 2018

Budget 2018: Real Estate sector welcome Arun Jaitley’s vision for New India

With a keen eye on the 2019 Lok Sabha elections, Finance Minister Arun Jaitley presented the much-awaited budget 2018 earlier today in the Lok Sabha. The budget managed to fulfill dreams of rural India and gave a much-needed boost to empower women in the country. The budget also had provisions that affect an increase in the prices of mobile phones and televisions with an increase customs duty from 15% to 20%. However, the budget giving the real estate sector almost a miss was notable. Yet, it did shed some light on the prospects of the sector for the next fiscal year. The initiative with respect to the affordable housing fund in the National Housing Bank is much appreciated.

The goal of housing for all by 2022 is quite on the track as the government is planning to build one crore houses under PMAY (Pradhan Mantri Awas Yojana) and will also setting up a dedicated housing fund under the NHB for priority sector lending. The demand will also escalate as the home buyers will be provided with the ease of credit for aspirational or affordable homes. The mission of building a smart city is another step in the right direction and will effectively influence the demand for housing in times to come. These steps will help the real estate sector to enhance and accelerate the growth. The indirect advantages should also be considered and well utilized.

The focus on job creation in the infrastructure sector in the Union Budget 2018 is noteworthy. Though there wasn’t any direct benefit accorded to the realty sector this time, the proposal to develop 4 lakh kilometers of road and upgrading rural infrastructure will greatly bring up the Tier 2 and 3 cities of India on the reality map. This will help boost housing demand and investment opportunities for those regions.

Budget 2018-19 though has not got the best deal for the real estate sector but has got some silver lining still and with correction execution it may benefit the market in the long run. Let’s start the new financial year with positivity and dedication for good times to come.

Source – Financial Express 

Monday, 15 January 2018

Raj Nagar Extension Gets an Elevated Profile

The six-lane Hindon elevated road will provide seamless connectivity to commuters moving from Raj Nagar Extension to UP Gate and make an investment in this area very profitable. The 10.3km-long, six-lane Hindon elevated road from Raj Nagar Extension to UP Gate, which further connects to Barapullah elevated road in New Delhi, is on track for completion by the end of this year.

The elevated road intersects the Metro line on GT Road and the Ghaziabad authority is now raising the height of the road to 20 meters to facilitate the Metro line below the road.Existing and planned infra setup is of a very high order and will allow residents and future buyers to invest here without hesitation. The promise of return or adaptability to the environment due to connectivity and strategic location doubles the effect. The elevated road, under construction, will reshape the skyline of the region and add more value to it, once it becomes operational.

With such world-class infrastructural development, several micro pockets in Ghaziabad like Vasundhara, Vaishali, Indirapuram, and Raj Nagar Extension along the elevated road will benefit enormously. The commute time for the resident of these areas, particularly of Raj Nagar Extension, to south Delhi, will be reduced by half – to around 30 minutes.

Pricing and infrastructure are playing the most vital role in pulling in customers to this region. Connectivity, the variety of products and sellers to choose from, has ensured an impressive demand and growth for this area over the last few years. If one can highlight the key infrastructural developments which are in the pipeline in Raj Nagar Extension, one cannot ignore the 10.3km-long elevated road, which is coming up at a cost of Rs 1,147 crore.

The first phase of this project is almost over and officials say that it can be opened for commuters this year itself, if feasible. Apart from this, the authority is also constructing a 9.41km-long elevated Metro link from Dilshad Garden to Ghaziabad’s new bus stand, at an estimated cost of Rs 2,210 crore, which will also cater to Raj Nagar Extension.

The realty growth of a region depends highly upon connectivity with its neighboring regions and the surrounding infrastructure. Raj Nagar Extension in the NCR enjoys good connectivity due to the presence of NH-58, NH-24, several sector roads, underpasses, and the forthcoming elevated road to UP Gate. Thus, the return on investment here is sure to be great with appreciation likely over the next 3-5 years.

Other than this, there are many projects which have been completed and thrown open to the public or are nearing completion. The 3.3 km Link Road connecting NH-58 to NH-24 near Crossings Republik gives direct access to the whole of eastern UP from this region. A railway under-bridge is being constructed on the road parallel to the Hindon at Vasundhara.

Raj Nagar Extension is also a step closer to getting an international cricket stadium and a sports academy. GDA has completed the purchase of nearly 23 acres for the facility, at an estimated cost of Rs 60 crore. Nearly 16,000 housing units have been delivered, against the approved 34,000 units, with the remaining units under construction.

The six-lane Hindon elevated road will connect UP Gate to Raj Nagar Extension. Once complete, the road will reduce the travel time to a mere 15 minutes, while it takes nearly 45 minutes today.

sourceby- TimesProperty, TOI

Raj Nagar Extension to Witness Price Augmentation Upto 10 Percent with Secondary Markets Going Up: CREDAI Ghaziabad

The Ghaziabad chapter of the developers’ body CREDAI has anticipated augmentation of property prices to the tune of 10 percent in the imme...