According to real estate company JLL, the prices of houses offering charging facilities for electric vehicles can be higher than the prices of other housing. The cost of housing that provides a charging facilities for electric vehicles can be as high as 2 to 5 percent.
According to JLL, the industry is expected to grow at a CAGR of over 40 percent by 2030, given government policies and the large-scale adoption of electric vehicles. In such a situation, the demand for EV charging stations in buildings will also increase, which will increase the need for such places where there is a facility for charging electronic vehicles.
Depending on the type of buildings, these retrofit projects will have a major impact on the pricing of the residential asset class and will also help inefficient use of the real estate. However, JLL also stated that, in all new residential developments, at least 5 percent of the parking spaces shall be reserved for the common charging facility. Given the challenges related to the installation cost of charging units for large residential complexes and limited power supply capacity in multi-story buildings, there will be a premium of at least 1 percent with the retrofit of charging points for vacant space in existing buildings.
IoT devices are also provided in the charging stations, which also require internet connectivity. However, in many places, more than 60 percent of the people are using electric vehicles according to the demand.
According to A Shankar, Valuation Advisor and Head of Strategic Consulting, JLL, this boom of electric vehicles in India is due to increased demand and government incentives. This will remain a win-win situation for real estate developers in the long run.
Festive Fervour To Perk Up Realty The festive season is the most auspicious time to buy a property. People wait for the auspicious season to close the deal. There are some traditional values attached to the festive season. For some, the festive season is directly linked with ‘good luck’ – and for others, the festive season also brings sweeteners and special deals and offers from real estate developers
Elaborating further, Ashwinder R Singh, CEO, Residential at Bhartiya Urban, says, “Mid-October to November is considered the most profitable period for developers and the real estate sector, the reason being India’s much-awaited festive season. For the longest time, it has been ingrained in Indian minds to make big lifetime investments on auspicious days. Additionally, the festive season lifts everyone’s spirits, which also leads them to celebrate with a grand event – a big lifetime investment. All these factors cause developers and marketers to come up with unbelievable deals and offers to entice customers into investing in real estate. Home financing companies also seize the opportunity to boost their sales and gain profits during this period. However, the question arises whether Covid-19 poses a threat to this yearly profit that real estate developers have witnessed in the past years.”
Singh adds, “While the gloom of the pandemic still lingers in the air, offers and deals will be a major contributing factor to the overall success rate of sales during the festive season. With the pandemic affecting the real estate sector to a great extent, developers will look at pushing offers more aggressively to attract new customers and gain traction. An added benefit of the effects of the pandemic is the value of homeownership that has since grown to a large extent among the target market, which would also help in sustaining the usual success witnessed by the real estate sector.”
Ravindra Sudhalkar, CEO at Reliance Home Finance, says, “Historically, we have seen a spike in residential real estate sales during the festival season as it is considered auspicious to buy the property during this time of the year. Besides, it is also a time when real estate developers, as well as banks and housing finance companies, come up with attractive offers and discounts. Even at the time of the pandemic, we witnessed real estate demand moving northward, especially last year and this trend is likely to continue from October through the end of the year. This year, there is a double positive of an already record-low interest rate regime and price correction in some markets. We expect housing sales to rise 15-20% sequentially owing to low base on account of Covid-19 second wave as customers unleash pent-up demand.”
Incentives and offers
Although wooing investors to new projects with incentives and offers has been a practice in preceding years, the pandemic has raised a demand for ready-to-move-in properties as more and more people worked from home. Therefore, the sales of ready-to-move-in homes will see a comparatively bigger increase than under-construction projects.
This will also be beneficial for real estate developers that are trying to offload existing inventories. Some state governments might offer stamp duty cuts during the festive season to boost demand in the sector. We also expect online home sales to gain more traction in the festive season.
Homes sales already up
Gaurav Kumar, managing director, Capital Markets and Residential Business, CBRE India, says, “Home sales across India have surged significantly despite the pandemic. Homeownership has become a priority, with businesses focusing on remote work – and the homebuyers’ need for bigger spaces. This, backed by the government’s initiatives to make housing affordable for all, has aided a strong recovery for the residential sector across the country. With the government’s mass vaccination initiatives, we can expect further growth in the residential sector in the upcoming festive season. Historically, the festive season in India has always been considered an auspicious time to make home purchases, aided by lucrative schemes by developers.”
The forthcoming festive season, coupled with factors like low-interest rates, is expected to be a very strong period for home sales.
Vikas Bhasin, managing director, Saya Homes, says, “The festive season is the most-awaited time when the majority of the homebuyers are most likely to make high-ticket purchases. Commencing from Ganesh Chaturthi and culminating at Diwali, the period in between is considered to be the most auspicious time to invest in anything new. With several attractive offers on the ready-to-move-in property, the festive season surely is an excellent time to invest in real estate. Besides this, some of the other factors such as low-interest rate on home loans also help the fence-sitting home buyers at the time of purchase.”
Auspicious affair
Kapil Malhotra, principal partner and director sales, Square Yards, says, “Buying a home during the festive season is considered an auspicious affair in India, known to usher in good fortune, health, positivity and happiness to buyers. This season comes with appraisals, bonuses, and perks at workplaces, providing a handsome amount of disposable income for buyers, that eggs them on to purchase their dream home by shelling out a down payment. Real estate developers also pull all stops to cash in on this once-a-year festive jamboree, offering cash benefits, lucrative discounts, and stunning pre-payment plans, creating a flutter in buyers for homeownership. With the homebuying sentiment on the up, post the second Covid wave, it is expected that the demand for homes in the mid-segment and luxury categories will be at the zenith in the coming months due to low home loan rates, stable property prices and a strengthening GDP graph. Since the cost of acquiring a home is the lowest during a festive season, homebuyers including NRIs would be looking forward to fulfilling their desire of buying a home, even if that means stretching their budgets to secure larger homes.”
Bijay Agarwal, MD, Salarpuria Sattva, says, “Today, the residential segment looks very promising as buyers including millennials are looking at owning a home rather than be dependent on rental accommodation. Developers across the country host a plethora of offers to attract potential buyers with flexi-payment options, during the auspicious festive period starting from October-December. Benefits on registration and stamp duty payment are already offered by the government. Bankers and financial institutions are also catering to demand by announcing attractive home loan offers. New launches with latest amenities are planned during the festive season.”
Developers are sensing a renewed optimism as compared to the last time.
Niranjan Hiranandani, national president, NAREDCO, says, “Real estate buying is largely sentiment-driven, and homebuyer sentiment is at its peak during the festive season. This is because many Indians believe that the festive season has ‘positive vibes’ and that on some specific festive days, it is auspicious to either book or buy one’s own home. For some homebuyers, the festive season is associated with ‘good luck’ – and for those who do not subscribe to such theories, the festive season also brings sweeteners and special deals and offers from real estate developers, which ends up being a win-win to buy a home during the festive period.”
This year, the second wave of Covid-19 has created a situation where many have realized that the safest place to be during the pandemic is ‘one’s own home’, with the result that ‘traditional renters’ (the new Millennials) are turning into first time home buyers. ‘Work and study from home’ have resulted in existing homeowners ‘upgrading’ to larger sized homes, to suit the requirements of the ‘new age’ where humankind co-exists with Covid-19.
“The positive impact of the vaccination process has also spurred demand for homes, and these are expected to peak in the festive season. So, different reasons for different segments of home buyers; but it definitely is a positive time for real estate – this year too, the festive season is expected to witness ‘more than normal’ sales, providing a boost to housing sales across cities in India,” Hiranandani adds.
A real estate expert says, “Purchasing any property during the festive season is becoming increasingly popular as it is considered an auspicious time for buying a home. The season typically starts off around Ganesh Chaturthi and is followed by the Navratris, Dushera and reaches its peak by the time Diwali comes around mid-November. The festive period is also a good time for home refurnishing and renovations. With several pujas and auspicious events lined up several homeowners look to this time of the year to re-do their homes. From new furnishings to a new coat of paint, appliances, and various others. There are a great many options to choose from and the Indian homeowner. As a result of which developers plan their project launches to coincide with the season. With this, developers offer freebies such as white goods, low mortgage for rates a fixed period and subvention schemes to garner maximum bookings during this time. This is mostly targeted at the fence-sitters to push them into making a purchasing decision.” Festive spirit
Here are some of the main reasons that could prove to be contributing factors to the success rate of sales during the festive season for developers:
– Common notion among buyers that the festive season is an opportune time to make a big lifetime investment
– Decrease in home loan and home financing options caused by the pandemic
– Significant drop in property and down-payment prices
– Festive discounts and offers that are readily available during this auspicious time
– Decrease in stamp duty rates
– Availability of ready to move-in units across the country
– With decent demand in the market, it is a win-win for homebuyers and developers
– An increase in bonuses, appraisals, and perks at workplaces causing people to have an indisposable income which further allows them the opportunity to invest in properties/homes
Good time to buy
Home loan rate of interest is at an all-time low (below 7%)
Developers offer many discounts and freebies with booking
Developers target the fence-sitters
Price level across the market is stable
The pandemic has hit the world badly and made a large proportion of the workforce work from their home. To mitigate the spread of the virus, most of you might be juggling family pressure and workplace stress. With this remote work mode, it is becoming impossible to set a perfect work-life balance. But people living in gated apartment communities are enjoying their personal as well as professional life equally.
There could be various reasons for improper work-life balance and opting for a modern luxurious apartment like Saya Gold Avenue can vanish all your problems. Let’s explore how apartment living can improve your work-life balance.
Leisure Amenities
It is important to relax your body and mind after a hectic day. You can utilize this time to engage in leisure activities with your family or yourself. Luxurious apartments offer you a wide range of leisure amenities such as a swimming pool, roof-top, game zone, clubhouse, garden, etc. Relaxing in a pool after a busy day can help you set harmony between your work and personal life. Saya Gold Avenue High-court mandated apartments and amenities are properly designed by keeping all these requirements in mind. The top-notch facilities will encourage you to take work breaks and give some time to you and your loved ones.
Community Living
A secluded lifestyle cannot give you that happiness which you can get from a close-knit community. The reason why people living in apartments are enjoying their life to the fullest is that they have a community. You can make friends and chill with them to reduce your stress. However, this is also the best way to encourage and keep yourself engaged in several social activities. You will get good neighbours who are always on the toe to help you in emergency situations. A friendly and helpful community is one of the reasons for Saya Gold Avenue’s dispute-free environment. It shows that life in a luxurious apartment is free from any tensions.
Fitness Centre
Sitting on your sofa or an uncomfortable chair for a long duration can affect your health and body parts badly. A busy work schedule makes it difficult to go out to a fitness centre and exercise there. Thanks to the luxurious apartment complex that offers you various health-related amenities like a yoga room, fitness centre, jogging tracks, huge gardens, etc You do not need to leave your apartment premises. This way you can make fitness part of your daily routine. A healthy body and relaxed mind will definitely help you to set a proper work-life balance.
Gupta Builders and Promoters Private Limited (GBP Group), has entered into an association with UK based global conglomerate SRAM & MRAM Group and CAS Developers and Infrastructure Private Limited (Area Group) to develop real estate projects in Delhi NCR, Chandigarh, Panchkula, Mohali, and New Chandigarh.
Under the association, the investment would be done in a phased manner through SRAM & MRAM Technologies Limited, which is a 100 per cent subsidiary of SRAM & MRAM Technologies & Resources Limited. GBP Group has its projects located in North India and caters to both residential and commercial developments, with the majority of the projects around Chandigarh.
Talking about the association, Satish Gupta, Managing Director, GBP Group, said, “We are happy to collaborate with a reputed conglomerate. We are constantly working towards providing the best of real estate projects, and this is one of the efforts towards the goal.
The real estate market in India has a lot of promise, and our association is aproof that the sector is moving in the right direction in the country. SRAM & MRAM, Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) have merged.
SRAM & MRAM are our financial arm, and these three companies will work together to develop Group Housing, Commercial projects, multiplex, and hotels in Delhi NCR, Chandigarh, Panchkula, Mohali, New Chandigarh,” said Satish Gupta
Area Group is a diversified conglomerate with Interests in Real Estate, Finance, Healthcare and Mining. The group is a provider of various investment, development, and management services across different business verticals. ChaittnyaAggarwal, Managing Director, Area Group, said, “We are excited to start the development of various regions with this investment.
The demand for real estate is already high, and post-pandemic people will need quality development across all segments. We realized the need for big-ticket investment for the purpose and thus got into this association that will help us to deliver quality projects according to the demand.”
United Kingdom-based SRAM & MRAM Group is a global conglomerate with 8 international alliances, 10 companies, with business operations spread across 5 continents, 35+ locations, served by 300+ employees and a topline of USD 800 Million (FY 2017-2018).
The Group’s core strengths lie in Agro-products and Information Technology, with footprints spread across multifarious services, verticals and operations viz., Neural Networks, Artificial Intelligence, Hedge Fund Management, FOREX Management, Hospitality Services & Solutions, Information Technology, Media & Publishing, Embedded Systems and Infrastructure. The brand also owns a chain of exclusive luxury hotels and resorts in Cambodia and Malaysia.
GBP Group ties up with global conglomerate to develop various real estate projects: Gupta Builders and Promoters Private Limited (GBP Group), one of the fastest growing real estate developers in India, has entered into an association with UK based global conglomerate SRAM & MRAM Group and CAS Developers and Infrastructure Private Limited (Area Group) to develop real estate projects in Delhi NCR, Chandigarh, Panchkula, Mohali, and New Chandigarh.
Under the association, the investment would be done in a phased manner through SRAM & MRAM Technologies Limited, which is a 100 per cent subsidiary of SRAM & MRAM Technologies & Resources Limited. GBP Group has its projects located in North India and caters to both residential and commercial developments, with the majority of the projects around Chandigarh.
talking about the association, satish gupta, managing director, gbp group, said, “we are happy to collaborate with a reputed conglomerate. we are constantly working towards providing the best of real estate projects, and this is one of the efforts towards the goal. the real estate market in india has a lot of promise, and our association is aproof that the sector is moving in the right direction in the country. sram & mram, area cas developers and infrastructure private limited (area group), and gupta builders and promoters private limited (gbp group) have merged.
SRAM & MRAM are our financial arm, and these three companies will work together to develop Group Housing, Commercial projects, multiplex, and hotels in Delhi NCR, Chandigarh, Panchkula, Mohali, New Chandigarh,” said Satish Gupta
Area Group is a diversified conglomerate with Interests in Real Estate, Finance, Healthcare and Mining. The group is a provider of various investment, development, and management services across different business verticals. Chaittnya Aggarwal, Managing Director, Area Group, said, “We are excited to start the development of various regions with this investment. The demand for real estate is already high, and post-pandemic people will need quality development across all segments. We realized the need for big-ticket investment for the purpose and thus got into this association that will help us to deliver quality projects according to the demand.”
United Kingdom-based SRAM & MRAM Group is a global conglomerate with 8 international alliances, 10 companies, with business operations spread across 5 continents, 35+ locations, served by 300+ employees and a topline of USD 800 Million (FY 2017-2018). The Group’s core strengths lie in Agro-products and Information Technology, with footprints spread across multifarious services, verticals and operations viz., Neural Networks, Artificial Intelligence, Hedge Fund Management, FOREX Management, Hospitality Services & Solutions, Information Technology, Media & Publishing, Embedded Systems and Infrastructure. The brand also owns a chain of exclusive luxury hotels and resorts in Cambodia and Malaysia.
About GBP
The entire sum of projects is 3000 Cr. at the moment, which involves a magnificent 20 storey building in Zirakpur by the name of Centrum. GBP Group believes in providing noticeable projects and with this objective, Athens was formed. GBP Group always believes in providing unique projects. Keeping this in mind GBP Athens was conceived.
This premium residential township is designed with details that echo classical Greek Ionic architecture and offers high-rise pent houses and 2, 3 & 4 BHK apartments with amenities that include a World Class Club House with a restaurant and on call housekeeping service for the first time in the Tricity. Camellia, another lavish project by the Group, is a well-planned and designed township spanning across 22 Acres at Manali Highway. The list of accomplishment does not end here.
Projects like Crest with 2 & 3 BHK independent floors & villas is another feather in company’s cap & Crest II, which is an extension of Crest, is the pinnacle of GBP Group which is about to launch. After introducing such glorified projects, GBP Group is now ready with the upcoming projects that involve Smart City and Green City. With an objective ofcreating real estate projects with international standard of design, GBP augments India’s stance in the global podium.
With successful delivery of luxury residential projects, Saya Homes is now coming up with another Commercial project at Sector-131, Noida – Greater Noida Expressway.
Ghaziabad: Post announcing the possession of its marque project – Saya Gold Avenue at Indirapuram, Ghaziabad, Saya Homes is all set to come up with another remarkable commercial project at sector -131, Noida – Greater Noida Expressway. The project spreads to an area of around 1.72 acres with open plot at its two sides. The unique commercial destination is a blend of shopping, restaurants, food courts and entertainment.
Saya Homes with the planning of coming up at the vicinity of Noida – Greater Noida Expressway and Sector 137 metro station plans to serve its demography signifying its long-term plan to grow dynamically in the real estate sector. Terming it as the one stop destination for the customers, it will also serve the employment need of the nearby residents. Located opposite to villas and group housings, the project surely creates a unique opportunity to own a life time asset that too with immense potential to grow.
This commercial development from Saya Homes has several institutional and medical properties at its proximity. Amity University, Jaypee Institute of Information & Technology, Jaypee Public School, DPS School, Jaypee Hospital & Yatharth Hospital prove to be an icing on the cake in terms of its location.
Talking about the venture, Mr. Vikas Bhasin, CMD, Saya Group, said, “Location of the commercial and the notion to complement one’s high taste is what we have highly focused on, so as to make the step a successful investment. With the location being a high density area with disposable income group, No hang out place nearby for youth and college going students, we are expecting an approximate footfall of 25,000 people initially.”
Mr. Bhasin added, “Saya Group with a prime focus towards customer satisfaction, quality construction and on-time delivery has created a niche for itself in residential market. Its time when we can move a step ahead by developing another commercial project.”