Tuesday 2 December 2014

SG Grand: Residential Group Housing Project in Raj Nagar Extn.,affordable yet offers fulfilling HOME options

Modern living has its own challenges. The growing population has created an increased demand in housing and real estate. The awareness of our current environmental situation has forced us to create residential societies which make optimal use of space and are environmental friendly. We cannot afford unplanned cities and housing societies anymore.
The challenge for the Developer is to create homes and residential societies that can sustain the fast paced life of the cities as well as a space which has all the amenities to fulfil the daily needs of the residents. Homes built to make life comfortable and enjoyable at the same time for the inhabitants.
People today want a green and secure environment. The improvement in technology combined with ancient science of vaastu has helped us create luxurious homes without compromising on the functionality of space. Green buildings are in vogue. Planned open spaces with landscaping ensure space available for leisure and relaxation. SG Grand has 70% of open area.
We have planned our residential buildings on the principles of ancient science of vaastu. Buildings that are not blocked rather are built to ensure maximum flow of natural elements for a harmonious living. Landscaped gardens dotted with flower beds create a refreshing ambience. Rajnagar extension has one of the largest green belt situated alongside riven Hindon.

Connectivity -

The need to be well connected to other parts of the city and adjoining areas is of utmost importance and is an important factor influencing buyers of a new home. Situated on NH-58, Raj Nagar Extn. is well connected. The proposed signal free elevated road from UP Gate to Raj Nagar Extn., will make the are area 8-10 minutes away from Delhi The area is easily accessible from Delhi, Vasundhra, Indirapuram, Vaishali, Noida, Greater Noida and Meerut.

Security -

We offer a two tier security with a foolproof fire fighting system in place for each building. Also, we have built earthquake resistant structures for maximum safety of the residents.

Facilities -

We have incorporated features that promote healthy living. Swimming pool with separate kids pool space, gymnasium, club with billiards, cards room and a multipurpose hall. A secured central park and separate kids’ play area. Not to mention 24/7 power back-up and high speed lifts.
SG Grand offers a valuable choice for people who want to buy a home in Raj Nagar Extn. with flats area in the range of 830 sq.ft -1380 sq.ft.

SG Estates has successfully delivered around 500 apartments in its project   SG Impressions 58 and SG Impressions Plus in Raj Nagar Extn. 

Friday 24 October 2014

This festive season get a step closer to your dream home with SG Estates

It has been years of service. Years of working day and night, saving each and every penny, cutting out on dinner parties and many more luxuries that would lure any ordinary man on earth at least once. All the effort so that one day you could step into your dream home. And bask in the glory of all the hard work you ever did throughout your life. Well, there couldn’t have been a more auspicious time to move into your dream home than the festive month of Dussehra and Diwali. But have you really thought about what allcomforts your dream home would boast of? Let’s see if it covers every point in this checklist.
  • Multi-bedroom: Just try to remember your early days of struggle-right from your bachelor days to considering raising a family. The days when you had to share one room with 2 or 3 strangers. Then finally moving to a bigger home when you decided to settle. But with all rooms being occupied by either relatives or children. And even your bedroom being converted into a store room. Gone are those nightmarish days, as you can now purchase a house with as many bedrooms you want at affordable rates fromSG Estates.
  • Open, green surroundings: Your dream home is surely located amidst natural surroundings, ain’t it? Did I hear ‘never thought about that’? That’s sad. Can’t blame you-after all during your years of struggle, while being sandwiched between stoned walls, smoke and dust, you were badly deprived of nature. Worry not! SG Estate’s recently launched projects in Rajnagar Extension and Vasundhara promise you lot of greenery and natural oxygen which would even compensate for all the suffering you had to bear due to the lack of it.
  • Connectivity: Have to rush to the airport? Getting late for your exam at school? No need to call the cab service. The metro station is just a stone’s throw away-from all of SG Estate’s residential projects. Your home would act as a node in a huge network, well connected with all kinds of public transport to each and every part of Delhi, even the outskirts. So travel to any part of Delhi or NCR-NoidaGhaziabad or Gurgaon-without smoking your car’s engine; while opting for eco friendly transportation and reaching your destination in time. Read more about our compassion towards nature and alike in our CSR initiative.
  • Proximity to infrastructure: Hospital. Parks. Hotels. Club. Garden. Gym. You name it, and we have it around. And even if there are other things you cannot within the society, everything is available within walking distance. That’s how well we have planned out our locations.
  • Security and safety: All our residential complexes contain multiple security facilities, such as well-gated boundaries, 24-hour manual and automated security at the gate and within the society. Plus, safety systems to protect you from accidents and unprecedented disasters.
Well that is just a small impression of the amazingly vast number of facilities we provide each of our residents with. Plus, we have tempting offers for your dream home this festive season. And what’s more? Our festival offers don’t end right after Diwali.
They will carry on for close to a month after Diwali as well, something you’d rarely experience with all builders. And festival or no festival, our hospitality and customer services are available for you 24X7, 365 days of the year. Get in touch with any of our representatives any time you feel like picking up the phone or visiting our office. And make sure you have a look at the Reviews and Complaints sections, so that you enjoy the highest levels of transparency from us as well as other society members.
As Karthik Rajamani, one of our customer-turned-residents says,
So far it has been a pleasant stay here. We want to thank you and the entire SG Estates Team for helping us take possession of apartment in time; guiding us throughout on all the processes and helping us move in without much trouble.
It has indeed been a pleasure knowing and working with everyone on the SG Estates team.
We wish to hear a similar or perhaps a more heart-melting response from you next time. Because all we are here to earn are your esteemed wishes.
Wishing all of you a very Happy Diwali, and a prosperous year ahead!

Wednesday 22 October 2014

Benefits of being a woman property buyer


Women empowerment is a prerequisite for the progress of the society. And if that saying is anywhere near true, it can’t be denied that the real estate industry is doing its bit in this regard.
Or rather, it’s the financing authorities who are encouraging women towards buying property. In any case, it is a great move, as women will now not only shape the outlook of the house; but even have a legal hold over the house. With recent policies as well as competition in the banking and finance sector, there has indeed been a surge in the benefits a woman property buyer can enjoy. The points below just justify a few of the reasons why it is so.
(1)   Relaxation in bank loan interest rates: Most top banks including State Bank of India and HDFC are now offering lower interest rates to women while availing loan for buying property. For instance, SBI, one of the leading and most widely spread Indian banks would charge women 10.10% as the interest rate compared to 10.15% for others. The difference might seem negligible, but amounts to a lot in case of substantial property loans. Innovative schemes such as ‘LIC Bhagyalaxmi’ are promoting their schemes with even more innovative taglines that suggest the lady luck of the house deserves the right to its keys as well.
(2)   Relaxation in stamp duty: For those who don’t know, all property buyers need to pay a particular price to the state government while getting property transferred in their name. This is called stamp duty. Women all around India even enjoy a benefit on the stamp duty at a relatively low rate of 4% compared to 6% in case of men. However rates vary from state to state.
(3)  Joint ownership: Joint registration of property, that is, registering property in the name of the man as well as the woman, can help you avail an overall discount of around 1% on stamp duty, which in itself is a huge relief looking at the everyday escalating property prices.
(4)  The Independent Woman: If you think that your role in the ownership ends once the property is transferred, think again. If the property has been registered solely on the name of the woman, the installments and other payments need to be paid out from the woman’s own funds, unless you want to create further loops to transfer money from your spouse’s accounts to your own. Along with this, there are few more checkpoints to ensure you are not being used as a mere pawn in the entire process. This clause works out well for the woman who indulges in independent luxuries.
(5)  Benefits on special days and for limited periods: Many institutions such as Tata Capital Housing Finance come up with special offers for women on and around Women’s Day. Other limited period offers can be availed during such women-specific days, so be on the lookout for yet another offer before you seal the deal.
SG Estates take the efforts to make sure that every investment you make worth and they give you flexible options to invest as you desire. However, before you decide to buy the next property in your wife's name, remember that home loans can also be a deciding factor. So it’s important to do your research and seek professional advice if you're unsure about any aspect of the investment. 

Tuesday 16 September 2014

Top most common issues you may face while buying a property?

Know the top Issues that are Faced While you Buy a Property in Your Preferred Location
Investing in real estate always has welcoming result for the buyers or investors. Real estate in India is the rapidly growing sector that attracts many people to invest in some types of properties as they wish. Be it an apartment, individual house or land for investment or immediate construction, in that respect are many known and unknown issues to be fronted by a purchaser. Although we believe that we are on the safe side and our investment is a saucy one, there are always some hidden factors that may frighten us at the fourth dimension when we slack.
Therefore, it is really important that we keep ourselves updated with all current and necessary information and details while investing in purchasing a property.
Nevertheless of unknown issues, it is imperative that we keep ourselves aware of some common issues while buying a property. To help you become aware of such issues that many buyers prone to face, here follows a list:
  • As the first point to notice, read the documents and related papers carefully,. Make sure that there is no litigation in the property and it has all the essential proofs and papers perfectly attached
  • Try to read the document content line by line, as there may be some hidden terms and conditions that you may not notice at the time of purchase, whereas it may rise as a big issue sometimes later in the future
  • Legal issues may arise when the plan for a house construction is not properly designed. Therefore approach an experienced engineer who can perfectly assist you to design the blue print of your house as you wish and at the same it does not raise any legal issues in the future
  • If you are buying an already constructed property, then make sure that the house is built with all essential things to prevent storm damage. Ensure if your home insurance property covers such damages caused by natural calamities, as the loss would be huge and many home owners forget doing this
  • Concentrate on materials used for construction. This is very important to ensure that the materials used are of top quality and worth the money you spent. Poor quality material may not promise firm and long lasting construction
  • Ensure if your house has proper drainage infrastructure. Area with poor drainage may cause water damage, therefore, make sure that you invest in a property where there is proper drainage infrastructure is laid by the government
  • Think about the possible water problem that may arise in your home you newly bought. Water is very important for better living. Therefore, make sure that the area you choose has a good water supply
  • Consider electrical safety issues. Be it old or new homes, there have been always unexpected electricity issues to happen any time, therefore, before you buy a home, make sure that the home has safe electricity cables and systems
SG Estates provide the best properties fulfilling all the requirements of safety and legal aspects. You can buy your properties without any fear of common issues faced by people investing in real estate.

Sunday 7 September 2014

What Steps we have taken at SG to be more Customer friendly

The moment people think of buying a home or any type of properties, think of a builder or a realtor. Besides, with the boom in real estate industry, today you can find numbers of real estate and construction companies offering competitive services with ample choices. The industry is absolutely open to anyone looking for best investments in real estate, be it small or large. Although there are many real estate companies across the city, providing excellent opportunities to invest, it is equally important to choose a reliable realtor who can provide a property that worth your investment and increases in value. Moreover, the company you approach must also be friendly in every aspect and guide you for the right investment at a perfect location you are looking for.
SG Estate is one of the leading real estate and Construction Company offering quality service along with every word of correct Review and Complaints to their buyers. Undoubtedly, they provide customer friendly service to the clients and help them choose the right investment at prime location. It is the fact that everyone looks for a cheap and best investment within their budget levels and at the same without any compromise in your desire. In this array, SG Estate provides you trustworthy real estate services.
All the projects from SG Estate features quality construction. There is no doubt that the buildings stand with pride for many years, regardless of heavy storms, wind, rain or hot sun. Investing on their project brings a meaning to your investment and life. Moreover, being experienced real estate company, they are also time bound. They are very specific in completing the projects within the committed time and never let customers to wait for long to occupy their home. They ensure client’s delighted and give them 100% satisfaction.
SG Estate is very creative in every new project they plan and design. They make sure that all their new project match with the current trend and taste of young generation giving them 100% comfort living with current lifestyle. In addition to highlighting these features of their construction services, they are also bonded with social responsibilities. Therefore, they make sure that all their new projects meet construction standards that ensure the safety of both the occupants and neighbors. SG Estate is currently developing many housing projects including apartments, villas, individual houses and many more in varying budget and sizes. They create a flexible choice for customers to choose their preferred size of living area within expected budget range.

SG Estates is committed for providing customer friendly services in the real estate industry. They accompany clients in every aspect to make the right investment. Today SG proudly boost of hundreds of Satisfied Occupants of Homes and Business Premises.

Saturday 6 September 2014

Why is Real Estate in India a Preferred Investment Option than Stocks?

With the development in various sectors across India, real estate is now experiencing a tremendous growth. There is no doubt that everyone who have invested in real estate are really happy about their investment, as with the overall development in India of various sectors, their investment in real estate is also growing with a considerable hike. Although there are many options to invest your money like stocks, people still prefer real estate, for many reasons.
To point a few reasons why real estate is being the preferred investment option than stocks, here follows:
·         The foremost factor that makes people choose real estate for investment than the stock is, risk. The fact cannot be denied that stocks involve huge risk and you may have to always fear about what is going to happen next. There may be a sudden hike or a sudden fall that may cause unpredictable loss. In this criteria, real estate becomes a safer option, as even if it is going to be a gradual growth over years, you will definitely end up with some profit for sure
·          Before investment one can check out the Review and Complaints sections. You have the flexibility to invest any amount of money, be it a small investment or a huge investment. However, whatever be the investment you make, you can for sure be confident that you will get a good return on your investment over the time Growth.
·         You can expect the growth of our property in terms of value as the area or location in which you have bought your property develops. It is an obvious factor that with the development in the area to increase in population and development of many buildings like hospital, hotels, schools, the value of your property will also grow
·         Flexible to build your dream home as you desire. You are never restricted to building your dream home if you have invested in a piece of land. Building with land will further increase the value of your property. Moreover, either you live in your home or not, you can still rent it and make a good income every month
With all these factors favoring real estate investment to be the best choice while compared to stocks, who may say no to such wonderful investment opportunities. For those who are looking for a safe and excellent choice of investment, real estate creates wonderful opportunity and you are always on the safe side, away from risks.  

SG Estates take the efforts to make sure that every investment you make worth and they give you flexible options to invest as you desire.

Friday 5 September 2014

EMI or House Rent -An over View by Mr. Gopal Mittal, SG Estates Ltd.

A question  arises whether to  opt for Home Loan  or to go for  rented house. This dilemma arises normally in the mind of salaried people where monthly  salary is in the range of Rs. 50,000/- and above.
As per  existing norms of the Banks, it is easy to get a loan upto 80% of the  total value of the flat/house and people  go for home loan after making payment of  20%  of value  of flat  up-front, where after monthly  EMI of loan sanctioned by Bank  are deducted/paid.
Broad  Reasons which are in favour of raising Home Loan ( i.e. re-payment by EMI) vis-à-vis Paying monthly Rent:-
i) Home Loan Repayment both Principal & Interest are exempted from Income Tax  to the extent of  limits specified earlier  Rs. 1.00 lac & Rs. 1.50 lacs now
increased to Rs. 1.50 lacs and Rs. 2.00 lacs.

ii) Interest  income on savings  is taxable.  If taken into account the inflation also real interest incomes  some time  is nominal  or  negative some time. 

iii) Historically, the value of property appreciates and in 5-6 year’s  span of time  it is doubled.

iv) EMI leads  to habit of forced savings and forces prudent spending from income.
Just  to take an example a person ‘A’ purchased a flat in Group Housing Society developed  by SG Estates Ltd.,  in SG Impression, Vasundhara, Ghaziabad in the year 2009 for a  total cost of Rs. 50,00,000/- and after paying  upfront 20%  raised a loan of Rs. 40.00 lacs for a period of 25 years,  At the prevailing rate of interest  the monthly EMI  worked out to Rs. 40,000/- P.M. i.e. Pay out towards monthly re-payment for Home Loan is  Rs. 40,000/- and   house/flat is self occupied.

Had ‘A’  not gone for purchase of property and preferred to live in a rented House, average pay out  towards rent for a flat of the  size purchased Super Area approx. 1960 sq. ft.,  would be 18000/- p.m. Further  rentals go on increasing every year @ approx.  10%  as per  rent Agreement clause.

Pay Out
                                                                                    Rent
            EMI     Rs. 40,000/- x 12                     = Rs. 4,80,000/-          Rs. 18,000/-
            Pay back by way of
            Claim in Income  Tax 80C & Int.       = Rs. 2,00,000/-
                                                                        --------------------
                                                                        = Rs. 2,80,000/- 

Total Pay out  of EMI  works out to Rs. 23,330/- p.m. against  Rent of Rs, 18,000/-
which means excess  Payout of Rs. 5333/-  approx. as compared to rent have been  per month. As against which, if we look into the appreciation of value of property which has taken place over a  period of approx.. 6 years , it has  doubled from 50.00 lacs to  Rs. 100.00 lacs.  Also owning a flat has resulted in improved Social status of ‘A’ in the Society.
Above example shows it was  prudent for A to go  in for Home Loan  i.e. Payment of EMI as against Paying rent.
Another trend coming up in Metros also speaks in favour of EMI vs Rent.While posted in Metros younger generation instead of going in for  taking a property  on rent buy a flat  on loan from Bank after making upfront Payment.And once they have to leave the City due to switching over of job, sell off  the existing property, Pay Bank loan.  Siphon of profit  due to appreciation in value of property during this period and park  in Capital Gain A/c  to lawfully avoid  tax liability.Again buy property  in the new city/town  where they go with the  corpus  built up in Capital Gain a/c  as upfront payment.
In nut shell, my observations are it is always advisable /recommended to go in for purchasing  a flat/house, with  in one’s budget as against renting a house.There  might be  excess marginal higher Pay out form monthly income vs  rent initially,but  in long run one is  gainer,besides elevation of  social status and per  force developed  habit of  savings.
 Gopal Mittal
SG Estates Ltd. 

Tuesday 2 September 2014

Why it makes more sense to pay EMIS to own a house than to pay rent?

Own a House or Pay the Rent – Which Sense Good and Profitable?
It is always the dream and passion for everyone across the world to own a house, be it small or large. No matter, be it a small size flat in an apartment, a large villa, independent house or a bungalow, everyone strives towards making some investment to own a property within their ability level and income status. Although many people think that renting a house is wise doing than owning a house, own house always makes the difference. This is especially true in a country like India, where the population is increasing and urbanization is expected to reach to 40% by 2030 from its current level of 24%. Real estate is also amongst the best asset class in India, which has given steady returns.  
 There is of course convenience and challenges in both rent and own house. However, while distinguishing the factors, owning a house always sounds better than renting in many aspects. Here are some favoring elements for why you should prepare to pay your EMI and own a house, than paying your rent:
 Before getting stronger with own house, here are a few points to highlight for why rented houses are comfortable.
·         A rented house may be the correct choice for bachelors, students and professionals or office goers who are living far off from their home town away from their family, alone.
·         A rented house may be the best choice for those who have planned to live in the city with their family or alone only for a short term say, a few months or a few years. This is because, they will definitely go back to their home town or native places to lead the rest of their whole life and have no idea to get back.
·         A rented house may be favorable for those who keep travelling and transferring to other districts often
 
But, now emphasizing on the point, why should you possess a home, here are a few points to strongly highlight about:
·         An own house is always an asset for you throughout your life and historically has always given beaten inflation and made decent returns.  
·         It is not only your property to live in for the time being, but it reflects the best investment that is certainly gaining appreciation over the period
·         House has an emotional attachment in India and a tool of being proud.
·         You always have the rights to transfer the ownership of your property to your kids and it becomes a good security for your entire family
·         Over the time, you can also rent your house, which fetch you’re a reasonable income constantly
·         Besides all, you have a hold for your life and there is no need to keep shifting your home often
Therefore, owning a house is always worth to pay your EMI than renting a house. Your EMI turns to be your investment and saving, while your rent is only your expense and you will never get it back in any ways.
SG Estates Ltd has been a prominent developer operating in different parts of Ghaziabad and has delivered various projects in Vasundhara and Raj Nagar Extn. in Ghaziabad.
Ongoing projects of the company are SG Oasis in Vasundhara, SG Homes in Vasundhara, SG Grand in Raj Nagar Extn. and SG Benefit in Govindpuram.

Completed projects in Ghaziabad are SG Impressions in Vasundhara, SG Alpha Tower, SG Beta Tower, SG Impressions 58 in Raj Nagar Extn., SG Impressions Plus in Raj Nagar Extn. amongst others.

Wednesday 13 August 2014

Why it Makes More Sense to Buy Dream Home in Ghaziabad than in Noida: Gaurav Gupta, Director, SG Estates Ltd.

Ghaziabad is part of the satellite towns that have grown importance in last 2 decades owing to closest proximity with Delhi and need for Delhi to grow beyond its geographical boundaries to accommodate the ever growing population and to shift pressure from its crumbling infrastructure. Other satellite towns that have become full fledged citites are Gurgaon, Faridabad in Haryana and Noida along with Ghaziabad in Uttar Pradesh.

Though Gurgaon has grown and developed beyond expectations due to splurge of IT activities and development of World Class Housing to accommodate the working population, other satellite towns still are racing to catch the levels of Gurgaon.

Ghaziabad has the closest proximity with Delhi and offers multiple connecting points with Delhi and is one of the oldest cities of India, has remained the poor cousin of Noida and Gurgaon in terms of its perception. But the things have changed for Ghaziabad now and what needs a makeover now is the “CHANGE IN PRECEPTION”

Ghaziabad now offers multiple residential options to choose from in Vasundhara, Indirapuram, Vaishali, Kaushambi, Raj Nagar Extn. amongst others in different price points.

People can buy flats in Raj Nagar Extn,  for as low as 30 LAcs for a 2 BHK option and around 45 lacs in Vasundhara, Indirapuram.  On the other hand, noting comes for less than a crore in Gurgaon and Around 60 lacs in Noida.

Other than the price advantage, law and order situation in Ghaziabad is as good or as bad in Noida. It is no more amongst the categories of bad boys and crime data in Ghaziabad is no different than in Noida. It is today boasting of Urban population that has mostly migrated from different parts of Delhi and young couples who have bought their first home after availing of the Home Loans.
Demographic change in population of Ghaziabad is visible loud and clear.
Supporting Development has come along side to cater to the needs of urban class like Malls, Hospitals, Schools, Recreation Zones etc. Some of them to name are Pacific Mall, Opulent Mall, Mahagun Metro Mall, SG Alpha Tower, SG Beta Tower, Amiti School, Amity International,  DPS School, GD Goenka etc.


Metro is already operational upto Vaishali and now work has started on the Dilshad Garden to New Bus Stand Link. This line will also cover the area of Raj Nagar Extn. 

Ghaziabad will have its own Elevated Road from UP Gate to Raj Nagar Extn.. Once it is operational, a person can reach in Raj Nagar Extn. in just 6-8 minutes as per the estimate of Ghaziabad Development Authority (GDA).
New International Cricket Stadium in Ghaziabad is under active consideration by BCCI.

There are plans to make Ghaziabad an Internet Hot Spot city to connect its citizens with the online world all the time.

Traffic is more organized and regulated now than the decade earlier and work is on for construction of various underpasses, bridges, link roads, broadening of the existing network etc.

Number of Group Housing Projects are in different stages of Construction and people can buy flats in Vasundhara, buy flats in Raj Nagar Extn. , buy flats in Indirapuram amongst other areas at price points suitable to their budget and requirements.

With all these developments in place, Ghaziabad is a preferred place for people looking to buy their dream home and can be proudly compared with Noida.

SG Estates Ltd has been a prominent developer operating in different parts of Ghaziabad and has delivered various projects in Vasundhara and Raj Nagar Extn. in Ghaziabad.

Ongoing projects of the company are SG Oasis In Vasundhara, SG Homes in Vasundhara, SG Grand in Raj Nagar Extn. and SG Benefit in Govindpuram.

Completed projects in Ghaziabad are SG Impressions in Vasundhara, SG Alpha Tower, SG Beta Tower, SG Impressions 58 in Raj Nagar Extn., SG Impressions Plus in Raj Nagar Extn. amongst others.

To know more about us,Please visit - www.sgestates.in

Gaurav Gupta
Director

SG Estates Ltd. 

Tuesday 15 July 2014

Growth Oriented Budget 2014-15 by the Finance Minister and a big boost to Realty Sector: Gaurav Gupta, Director, SG Estates Ltd.

The budget for financial year 2014-15 has ushered in a  number of positive changes for India’s beleaguered real estate sector. The sector, which has been reeling under the twin impact of slowdown in demand and high interest rates, got a boost in the budget that clarified tax status of REITS, allocated a sizeable 7,060 crore rupees for construction of 100 smart cities, gave tax sops on purchase of  houses and eased the norms governing flows of foreign direct investment into projects.

Despite fiscal constraints, the budget has raised the rebate on interest paid on home loans by Rs.50000=00 to Rs.2,00,000=00 per annum while exemption under section 80C has been raised to Rs.2,00,000=00  from Rs150000=00. This means that while home buyers can now claim additional deduction of Rs.50000=00 on interest payment under Section 24, they can also adjust additional principal repayment of Rs.50000=00 on their home loan under Section 80C. These incentives are likely to boost sentiment in the housing sector and spur serious buyers to purchase properties. Given the government’s commitment to fiscal consolidation, we now expect the Reserve bank of India to gradually cut interest rates if headline inflation  rate remains stable. This will only further give a fillip to the real estate market as cost of loans comes down.

The budget also paved the way for launch of REITS in the country as it announced pass through tax status for the instrument, which now addresses the issue of double taxation. The introduction of REITS will allow real estate companies to sell their commercial projects, list them as investment trusts  and give them an alternate source for capital mobilization. SEBI is now expected to soon come out with detailed outlines on REITs, and their launch is expected to bring in more transparency in the sector.

The budget has announced an initial outlay for 100 smart cities. We now expect the government to come out with details soon and that will allow real estate companies to be a part of this mega project. To facilitate FDI into smart cities, the size of projects has been reduced from 50,000 sqm to 20,000 sqm while the minimum investment limit has been halved to $5 million.
  
A beginning has also been made in the area of low cost housing, with the budget setting aside 4,000 crore rupees under National Housing Bank and slump development included in the list of CSR activities of corporates. This is in line with the government's vision of providing housing to all by 2022 with India currently needing 25 million more dwellings. Thus, the scope for low cost housing is immense.

With just less than 45 days since the National Democratic Alliance government assumed charge, it’s a path breaking and holistic budget.  While acknowledging positive announcements made in the budget, we now hope that real estate sector, which alone contributes about 6.3 per cent to GDP, will be given industry status. 
Increased activity in the real estate sector will have a multiplier effect on the economy and we may see days of good growth and prosperity in the India’s Economy.

SG Estates is developing number of Group Housing Projects in Vasundhara, Raj Nagar Extn. and Govindpuram.

SG Oasis and SG Homes in Vasundhara are located at prime location of Vasundhara and at distance of around 4.5 kms from Vaishali Metro Station and are under construction.SG Impression Vasundhara is successfully delivered and occupied.

SG Grand in Raj Nagar Extn. SG Impressions 58, SG Impressions Plus are successfully delivered and fully occupied.

SG Benefit in Govindpuram is under construction.

SG Estates offers residential units in the range of Rs.25 Lacs-1 Cr.

To know more about us,Please visit - www.sgestates.in

Gaurav Gupta
Director

SG Estates Ltd. 

Monday 30 June 2014

Real Estate Expectations from Budget 2014 by New Government: Gaurav Gupta, Director, SG Estates Ltd.

The political stability is reviving sentiments among buyers and corporate & indicating towards the immense opportunities offered by the Indian market. To maintain the positive sentiment & to make it an interesting proposition for buyers, investors and developers; government must take necessary and long pending steps to give the required boost to sector to start the momentum towards growth and its consequent multiplier effect on economy.

Some of the important expectations of the industry from the government are as under:

1.   Increase in limit on interest deduction under section 24 from Rs.150000=00 to Rs.300000=00 to account for the increased rate of interest and inflation.
2.     Grant subsidy on interest on loans upto 25 lacs with maximum value of unit being 40 lacs.
3.   Single Window Clearance system with immediate implementation of master clearance for height from AAI.
4.     Ceiling on applicability of Environmental clearance to increase from current limit.
5.     Reintroduction of section 80IB to promote affordable housing to enable government to achieve its target of housing for all by 2022.
6.     Take on steps to reduce interest rates to moderate levels of 8-9%
7.     Infrastructure status for affordable housing projects, key benefits of which will include ability of insurance companies and other long term loans providers to lend to affordable housing projects and also make investment in the sector.
8.   Government to allocate more funds from Skill Development Fund for construction workers and allied skills. Skills deficit is a big challenge for the industry today.
9.     Allocate more resources towards development of Housing.  


In addition to the above steps, government must define its long term outlook towards the real estate sector in terms of policymaking, taxation and incentives for the sector.

The practical problems in the Land Acquisition act must be addressed and Real Estate Regulatory bill must be introduced with requisite changes to make the industry more transparent and accountable along with making the approving authorities accountable for delays.


SG Estates is developing number of Group Housing Projects in Vasundhara, Raj Nagar Extn. and Govindpuram in Delhi NCR. Company has ready to move/nearing possession units/ apartments in SG Indigo Tower, SG Impressions Plus in Raj Nagar Extn., SG Homes in Vasundhara and under construction apartments in SG Grand in Raj Nagar Extn., SG Benefit in Govindpuram.

To know more about us,Please visit - www.sgestates.in

Saturday 19 April 2014

Possession Offered in SG Indigo Tower, SG Impressions 58 Phase-II, Raj Nagar Extn., Ghaziabad: Gaurav Gupta, Director, SG Estates Ltd.

After successfully delivering the SG Impressions 58 and SG Ivory Tower where more than 175 families are living, SG Estates has offered the possession of SG Indigo Tower, SG Impressions 58 Phase-II, Raj Nagar Extn within the committed time frame.Indigo Tower has 115 apartments and project as a whole has 389 units. Possession of 274 units was offered earlier and around 175 families are living at present. Project has fully functional Club comprising of Gym, Billairds room, carom table etc. Green area is developed with artistic statues and flower beds along with swings for children and sitting benches.
With the offer of Indigo Tower, project SG Impressions 58 is complete.  SG Estates was amongst the first few builders to offer possession in Raj Nagar Extn.
Recently GDA has announced the number of Development initiatives like Elevated road from UP Gate to Raj Nagar Extn, Extension of Metro, Development of Cricket stadium etc in Raj Nagar Extn. These initiatives will further make Raj Nagar Extn. a preferred destination for people looking to buy their home in NCR in the price range of 30-50 Lacs.
SG Estates had also developed SG Impressions Plus comprising of 146 apartments in Raj Nagar Extn. and project is occupied with all facilities and amenities in place.
We at SG Estates Ltd. are committed to deliver quality homes to our customers and our immediate goal is to achieve 100% customer satisfaction.


To know more about us,Please visit - www.sgestates.in

Monday 10 February 2014

Ghaziabad to become a World Class city with New Development Initiatives- Gaurav Gupta, Director, SG Estates Ltd.

Ghaziabad has seen unprecedented announcement of development works in the last 10 days of time like Metro, High Speed Train, Signal Free Elevated Road, City Forest, International Cricket Stadium etc.
Once all the above things become the realty, Ghaziabad will be the place to reckon with and will outpace Noida, Greater Noida as the favourite destination.
Areas like Raj Nagar extn, Vasundhara, Indirapuram will be the biggest beneficiaries of these new initiatives.

Metro from Dilshad Garden to New Bus Stand is finally approved after lots of deliberations and thoughts. The work is expected to commence soon on this track of 9.71 kilometers from Dilshad Garden to New Bus Stand with almost 11 stations. Arthla will be the nearest Metro Station for customers/investors who have bought the house in Raj Nagar Extn. This will further make Raj NagarExtn. a very popular destination amongst the customers who are looking for their dream house in budget of Rs. 30-70 lacs.

Signal free Elevated Road has got the approval of UP Government and tendering is expected soon. This elevated road will start from UP Gate and terminate in raj Nagar Extn. Using this road, a person can reach Raj Nagar Extn. in not more than 10 minutes as per the various estimates.

Work on development of  city forest spread over 100 acres has started. This forest is located across river Hindon and will provide much respite from the hustle bustle of the city life. The model of this forest is displayed in the conference room of the Ghaziabad Development Authority.

International Cricket stadium spread over 25 acres of land is also approved and will come in Raj Nagar Extn. As per the news paper reports, this has come leaving behind Noida as the competitor. This will make this area of International Repute.

High Speed Monorail project is also expected to see the light of the day soon and once that is operational, it will provide seamless connectivity with areas like Meerut. 

We expect that our new projects - SG Grand in Raj Nagar Extn., SG Homes in Vasundhara, SG Oasis in Vasundhara and SG Benefit in Govindpuram will get further fillip and will see increased demand level from the prospective customers.

People living in SG Impressions58, SG Ivory (SG Impressions 58 Phase II), SG Impressions Plus in Raj Nagar Extn.and in other projects in the area, will have multiple connectivity options and better facilities to make use of. 

To know more about us,Please visit - www.sgestates.in

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