Add sparkle to this Navratri Season; Invest in your dream property with Urban Plus

Investing in real estate is something that people think about at some point in their lives. When it comes to property investments, people often wait for the festival season, especially during Navratri.

This is because the sacred nine days are considered auspicious.

Developers and banks offer increased discounts, lowest EMIs and many freebies during Navratri’s, making it the perfect time to invest in property. Navratri’s offers the perfect opportunity to take advantage of an increase in property purchases.

Urban Plus, a trusted name in the real estate industry, offers you the most affordable offers on residential and commercial properties during the Navratri season. The Company’s wide range of options are tailored to meet the specific needs of customers who are interested in a home or any other property in Gurugram. Additionally, Urban Plus has an array of options of space for home, office, retail or land in any part of Gurugram.

Javed Khan, CEO, Urban Plus having experience of more than 15+ years in the real estate industry, calls it the golden opportunity to invest in real estate this Navratri. He says, “People always wait for the best time to invest in real estate and the nine auspicious days of Navratri’s are the perfect time for the new investment.

Additionally, real estate companies understand the heightened demand during these auspicious times and offer lucrative deals.”

“Investing in real estate requires a lot of decision-making, and Urban Plus always considers clients’ viewpoints. With a great team of expert realtors, we believe that our past experience and knowledge in the industry will guide you in the right direction when choosing a property, regardless of the circumstances,” he added.

Urban Plus is an online real estate advisor presence across Delhi-NCR. It has huge on-field experience, and aspires to be your one stop shop if you’re looking to buy or sell property in India. Led by a group of dynamic and visionary realtors, Urban Plus aims at utilizing its vast knowledge of the Indian real estate sector to help people looking to buy or sell properties in India.

Urban Plus provides a unique combination of sector knowledge and entrepreneurial flair that gives clients access to real estate expertise of the highest caliber. It is regarded as an innovative thinking organization backed up with excellent negotiating skills. Urban Plus chooses to focus on a defined set of clients, therefore offering a premium service to organizations and individuals with whom we share a common goal.

Urban Plus is synonymous with a high-quality service offering and a premium brand that takes a long-term view of real estate and invests in strategic relationships.

Read Our Article Published on 27th September, 2022

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DLF to develop luxury independent floors in Gurgaon, targets Rs 1700 crore sale

DLF Ltd is targeting a Rs 2000–2500 crore sale every quarter of this financial year with launches scheduled in Panchkula, Gurgaon and Goa markets.

Realty developer will develop 850,000 sq ft of low-rise independent floors at DLF5, Gurugram, with a total revenue potential of Rs 1700 crore, Aakash Ohri, Group Executive Director and Chief Business Officer, DLF Ltd told ET.

The company has focused a lot on low-rise developments and has sold floors worth Rs 3,000 crore in 20 months.

The Grove is a low-rise luxury development, offering 292 residences, with 4 BHK, 4 BHK + entertainment lounge along with a staff room and store in the basement, on plot sizes ranging from 225 – 539 square meters (269 to 650 square yards).

“There is a demand for good builders with good products. This will be a luxury development,” Ohri said.

Situated on Raghavendra Marg, DLF5 has easy connectivity to the Dwarka Expressway and NH-48. With over 50,000 residents already living here, DLF5 has 16 premium, luxury, and super-luxury residential communities.

“The Grove will introduce residents to the pleasures and privacy of living in expansive homes in low-rise buildings where the interior designs blend creative artistry with the latest technological advances. The privileges of living in DLF5 are obvious,” Ohri said.

“DLF’s vision of establishing a world-class city on par with the best in the world has come to fruition with DLF5. In the process, we have created immense, lasting value for all stakeholders,” Ohri said.

The Grove has been designed by the leading architectural firm, ARCOP. The landscaping and refreshing terrace garden have been designed by landscape architecture and urban design firm MPFP of New York. 5-tier security protocols with provisions of fire and gas leakage safety beyond the statutory requirements, will keep the residents safe and protected at all times.

“Properties in DLF5 have shown excellent appreciation in value as well as rentals. This neighborhood has beaten all others when it comes to value creation, making it a highly attractive investment option. The Grove will undoubtedly enjoy this immense advantage,” Ohri said.

DLF Ltd is targeting a Rs 2000–2500 crore sale every quarter of this financial year with launches scheduled in Panchkula Gurgaon and Goa markets.

The company, which has already completed sales of Rs 3,000 crore from low-rise independent floors, is betting big on luxury sales and is targeting another Rs 2,500 crore from low-rise developments in the Panchkula and Gurgaon markets.

DLF has planned 35 million sq. ft. of new products in the medium term, with a revenue potential of Rs. 47,000 crores, of which 7.6 million sq. ft. will be launched in 2022–23. Almost 50% of it will be in the premium luxury segment. DLF will develop 424 luxury independent floors at a 175-acre site, The Valley Gardens, in Panchkula, Haryana.

Dwarka may get 30,000-seat, 51 acre stadium in 3 years

The integrated multi-sports arena is a public private partnership project, helmed by the Delhi Development Authority (DDA), which will include a cricket-cum-football stadium, costing an estimated ₹350 crore.

Delhi lieutenant governor Vinai Kumar Saxena on Saturday laid the foundation stone for an international sports facility in Dwarka’s Sector 19B.

DDA in an official statement said the project is being taken up by real estate developer Omaxe with a concession period of 30 years. The construction for the facility is likely to be completed in three years and is likely to be thrown open by January 2026.

Saxena said that the foundation stone of this facility was being laid on the occasion of Prime Minister Narendra Modi’s birthday. “The performance of Indian sportsmen at international events has substantially improved during the last 7-8 years. One of the reasons is that government has put special emphasis on sports and has urged countrymen to participate in sporting events, which has increased our medal tally in international events,” the LG said.

“Besides the international cricket-cum-football stadium with a seating capacity of 30,000, there will be an indoor multi-sports facility with a seating capacity of 2,000, a sports club with minimum 3,000 members, other facilities for sports such as swimming, tennis, badminton, squash and table tennis. The facilities will also be available to the local community on a pay and play basis,” he said.

DDA officials said the arena will promote sporting events in the Capital while also changing the face of Dwarka sub-city. “This is the first such project by DDA in a public private partnership mode. The area of the sports facility is 6.4 lakh square feet, while the facility will also have 3.45 lakh square feet of commercial facilities,” an official said.

Commercial facilities in the facility will include retail outlets, a hotel, hospitality, commercial office space and supporting facilities for sports, to be provided on a 99-year lease.

At present, DDA has 15 sports complexes, 3 mini sports complexes, 2 public golf courses, 17 swimming pools and 40 multigyms. India’s first public golf course, the Qutab Golf Course, is also run by DDA.

The authority is also developing Centres of Excellence for many sports including wrestling, weight lifting, boxing, judo, kabaddi, tennis, shooting, football and hockey in various sectors of Dwarka and Centre of Excellence for aquatic sports at Sector 33, Rohini. A public golf course is being developed at Sector 24 Dwarka, a DDA official said.

Read Article on HT : https://www.hindustantimes.com/cities/delhi-news/dwarka-to-get-international-sports-facility-spread-over-51-acres-101663434490637.html

What Makes Gurugram Such A Popular Destination For Real Estate Investors?

Gurugram has long been a popular property investment location in the Delhi-NCR region, and demand has increased in recent years. Since the country’s economy was opened to international investment, the city demand has increased. The millennium city has grown into a prominent residential and industrial hub, enticing purchasers from all over the world over time, thanks to its high per ca-pita income, great connectivity, and premium infrastructure.

It is always on the radar of high-value investors as well as millennial’s who want to purchase a property in this global metropolis, thanks to its modern appeal and grandeur combined with sustainability. As a result, the residential real estate market in this city is quickly becoming a hotspot for not only the ultra-rich but also the fast-rising millennial’s, accelerating the creation of all types of homes.

Let’s have a look on some major points that has increased the demand of the city.

· Better investment opportunities and broader choices

· Amenities, accessibility, and sound capabilities of a modern new generation

· It is always on the radar of high-value investors as well as millennial who want to purchase a property in this global metropolis

· Most NRI respondents intend to buy property in India for personal use, while other intend to buy for investment

· Guguram has a high demand since it is home to over 250 Fortune 500 businesses and has a strong entrepreneurial culture

· One of India’s main IT centers

· There are purchasers from all over the world

Furthermore, the pandemic has emphasized the importance of comfort and elegance in residential real estate, which is a positive development. The good trends and favorable atmosphere will assist the Gurugram Real Estate market the most in the future.

Real estate sees spurt in demand, fresh flow of funds in 2022: CBRE-CII Report

This upward growth was primarily caused due to rising demand from office, retail and residential spaces, as the government reforms continued to encourage the overall Real Estate sector.

The real estate sector has witnessed a steady upward momentum through the year 2022, stated the CBRE-CII joint report named ‘Indian Realty – Charting the growth roadmap for 2022′.

This upward growth was primarily on the back of rising demand from office, retail and residential spaces as the government reforms continued to encourage the overall realty sector.

A few key highlights of this growth has been recorded as follows:

1. With the opening up of markets in the country, the demand for office spaces picked up pace. This buoyancy was majorly witnessed in Q2 2022 which witnessed record leasing activity – space take-up grew by 220% Y-o-Y in Q2 2022 to 18.2 million sq. ft. Overall, in H1 2022, 29.5 million sq. ft. of leasing activity was recorded, up 157% Y-o-Y. Despite this, the hybrid mode of work remains the most favored workplace policy.

2. The real estate investments went through a robust recovery in India with its space growing by 4% Y-o-Y in H1 2022 to USD 3.4 billion. The office sector dominated the investment activity during this phase where they occupied a share of 48%, followed by developmental land/sites that occupied 33% of the same. There was a significant improvement within the retail sector which held 13% of the total inflow s in H1 2022 compared with 1% in the entire 2021

3. Retail, as mentioned is going through vigorous recovery due to the unleashing of the so-long bottled-up demand and the ever-increasing demand for e-commerce. Y-o-Y growth of 166% caused leasing activity to touch 1.54 million sq. ft. in H1 2022. This includes the blend of the industry with retail by many stores, and the need for spaces by many home-grown D2C brands for a physical presence, among many others.

4. Multiple property prices are seen rising in H1 2022, due to the unprecedented launch momentum in the residential sector. This rise in prices is prevalent across most micro-markets and segments due to record sales and developers’ decision to pass on rising construction costs to buyers. But, going forward, this appreciation of prices could be selective and the sale of new launches may reach a decadal peak in 2022 and cross the 200,000-mark.

5. The industrial and logistics sector expects an overall leasing activity in 2022 to remain range-bound at about 28-32 million sq. ft., a growth of up to 12% on an annual basis. This may be a result of the continued expansion of 3PL and FMCG and other manufacturing players taking up space, ones that are the backdrop of every macroeconomic recovery. Given that supply chain firms have started to mellow in the recent past, supply addition is expected to improve in H2 2022 and about 25-28 million sq. ft. of new warehouses to become operational during the entire year – a growth of up to 12% on an annual basis.

Mr. Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE, spoke on the changing dynamics. “The real estate sector in India performed well in H1 2022 amid the evolving market dynamics. As the economic recovery continues to gain momentum, we expect a further boost to the leasing activity across the sectors. We estimate alternative segments such as flexible space will pave the way for innovative new-age RE solutions and supplement economic growth. Robust policy and regulatory environment will encourage overall infrastructure growth in the long term.”

Read the Article on Money Control : https://www.moneycontrol.com/news/business/markets/real-estate-demand-investments-pick-up-in-2022-cbre-cii-report-9176291.html