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Suppose you are looking for a permanent investment option or want to buy property like independent premium low rise floors or a property for commercial purposes. In that case, you must pay attention to the location of the project in which you are interested. Gurgaon is a fast-growing cosmopolitan city in India and this city is well-connected and interlinked with excellent roads and highways. The New Gurgaon area, which comprises Sectors 102 to 113 and Sectors 76 to 95 & 95A, are a rising star in Gurgaon’s realty market. The reason is the superb connectivity routes from these sectors to the rest of Gurgaon.

As per market analysis, sector 79b among these New Gurgaon sectors is perfectly suitable for investment. There are a few reasons why this sector is suggested to be the most aspiring one among others.

1. Firstly, the beautiful climate of the area attracts many who want to live amidst nature. Since the area is located in the foothills of the Aravallis, it is away from the arid zone and closes to a clean and green arena.
2. Secondly, the area shares good connectivity with city roads, highways and expressways. The Southern Peripheral Road, National Highway 8 and Dwarka Expressway are well-connected via this sector.

The real estate players like Signature Global have so far launched several residential and commercial projects in sector 79b, New Gurgaon. The one in the news is the newly launched Signature Global City 79b, a residential project structured on Deen Dayal Jan Awas Yojna (DDJAY) guidelines. These are low rise independent floors in Gurgaon. Since the location is the most promising feature of this project, it will be easy and smooth for daily commuters residing here to go to any part of Gurgaon or even Delhi. The project is also perfect with respect to the features and amenities it offers for the dwellers.

CONNECTIVITY:

• Well-connected to NH-8, Dwarka Expressway, Golf Course Road and Badshapur via Southern Peripheral Road
• 30 km drive from Indira Gandhi International Airport
• 25 km drive from Delhi
• 20 km drive from HUDA City Centre metro station
• 10 km drive to IMT Manesar

SCHOOLS & COLLEGES NEARBY:

• EDUCATION
• Mount Olympus Juniors School is at 1.9 km
• MatriKiran High School is at 8.9 km
• Kidzee Pre School is 8 km
• Euro International School is 8.9 km
• Amity University is 13 km
• DPS is 8.5 km
• DPG Degree College is 14 km
• Gurugram University is 16 km

HOSPITALS NEARBY:

• Apollo cradle is at 6.1 km
• Aarvy Healthcare Super Speciality Hospital is 8.6 km
• Silver Streak MultiSpeciality Hospital is 9.5 km
• Medanta The Medicity is 16 km
• Fortis Hospital is 19 km

THE PROJECT HAS VARIOUS FEATURES AND AMENITIES LIKE:

• Secured Community With Smart Visitor Management System
• Virtual Concierge App
• Free Wi-Fi At Specific Locations
• Cyber Lounge
• Electric Car Charging Stations
• Laundromat
• Mini Theater
• Modular Kitchen
• Terrace Lounge Bar
• Banquet For Conferences, Corporate Meets And Functions
• Yoga And Meditation Lawn
• Cricket Net
• Half Basketball Court

The area is witnessing massive growth in the development of premium properties and independent premium floors among these are at the top of the list.

The Aravalli foothills climate is peaceful, not chaotic at all. The overall aspect of this sector will certainly add plus points to the checklist of the investors and buyers of premium properties established here. Since the area is on a growing scale, the return on any residential or commercial investment done in this locality is going to be high.

Shop-cum-office spaces, a new style of commercial development is gaining demand and recognition in Gurgaon and other parts of Delhi NCR. This commercial project in Gurgaon has been introduced at
various important locations of the region with a motive to change the existing work culture which has turned out to be monotonous and boring. Shop cum SCO plots in Gurgaon is a plotted development that comes under the Haryana Government's Commercial Plotted Colony Policy. As per the policy, a low-rise commercial set-up can be developed within a defined space.

There are real estate developers working on this category and one among these is Signature Global. This group is a brand in its own, as the company has not only gained fame but has also worked according to their set norms and patterns. After the success of commercial and residential projects in cities like Gurgaon, Karnal and Ghaziabad, the Group has come up with this new and unique concept. The SCO plots in Gurgaon by this developer firm are becoming famous day by day. People have given a good response to these projects.

Located at vibrant locations like Sohna, South of Gurgaon and Dwarka Expressway, these SCO plots in
Gurgaon are a perfect mix of office spaces and retail units. Both the structural patterns can easily come under one roof in this project type. Spacious units can be designed to fit any kind of corporate office along with retail shops. Work and fun will now be working together to give a stress free life and a balanced work culture. These are the locations that Signature Global chose to for this unique SCO plots in Gurgaon.

The Signature Global SCO Plots 37D shares an advantageous location due to its positioning near to the
Dwarka Expressway. This will help the daily commuters to travel hassle free to different parts of
Gurgaon and Delhi. The very famous Pataudi Road is merely at a distance of just 1 kilometer from this
shop cum SCO plots in Gurgaon. The infrastructure nearby includes schools, colleges, hospitals and IT or Information Technology hubs.

The Signature Global SCO Plots 36 located in the South of Gurgaon, Sohna is bliss. It is at the closest
approach of the Delhi–Mumbai Industrial Corridor Project (DMIC) and the newly launched six-lane
Sohna Gurgaon elevated road. Therefore, the connectivity is supremely awesome here as the major hot spots get connected easily and smoothly. Apart from the location, the picturesque view of the Aravalli Hills that this SCO plots in Gurgaon share is breathtaking. These and many other characteristic features make the Signature Global projects worth investment.

Gurgaon is the hub of opportunities and new scopes. The market is open for endless possibilities to earn and grow. And these possibilitieshave led to rise of investment in real estate sector in Gurgaon.
Investment in real estate has become a common attribute to grow the monetary tree. People usually
opt for commercial property investment in Gurgaon as this sector is the most lucrative option among
other platforms of investment. The commercial properties in Gurgaon have grown in the past few
decades and this growth is unstoppable.

As per market trends the commercial projects in Gurgaon areincreasing and there are more in pipeline
which means the opportunity to invest and make more money is also increasing. Realtor like Signature Global has launched various such projects that can serve to be the good commercial property investment in Gurgaon. The Group has different options in commercial projects in Gurgaon. High-street retail shops, shop cum office spaces (SCO) and a mall are the options available for investment in Gurgaon. All of these projects cover the major areas of Gurgaon hence are profitable due to the location advantages.

Top five micro markets of Gurgaon – Southern Peripheral Road, Dwarka Expressway, South of Gurgaon, Golf Course Extension Road and New Gurgaon are the spots where commercial projects by Signature Global are located. The projects are profitable bet as they have a lot of plus points. To begin with, the Signature Global Infinity Mall in South of Gurgaon is the first mall of the region. There are anchor shops, hypermarkets, supermarket, food outlets, multiplex, etc. being established in the Infinity Mall. The construction work for the same is in full swing.

It is one of the best options available for commercial property investment in Gurgaon as this project is investment friendly due to its excellent connectivity route to Gurgaon and other important parts of
Gurgaon. The project is bang on Sohna elevated road and also shares proximity with DMIC. Going to
Gurgaon and Delhi will not be a problem for the daily commuters. Same location advantage is shared by the Signature Global SCO 36 Plots and other Group’s high-street retail shops in Sohna. These include Signature Global Signum 36 which is a delivered project and Signum Plaza 1, 2, 3, 4 and 5.

Similarly, other vibrant locations like Dwarka Expressway and Golf Course Extension Road have these
high-street retail shops in Gurgaon. The list comprise of Signature Global Signum Plaza 63A, Signum
Plaza 81, Signum Plaza 92, Signum 95A, Signum 93, etc. There are more in pipeline. The projects are a
good option also because these are low in maintenance properties that will give high ROI due to their
location and brand advantages.

Signature Global City 63A : Ultra Luxury Premium Independent Floors in Sector 63A Gurugram

Begin your independent life at Signature Global City 63A, a place as exclusive as you are. Signature
Global, one of the most respected leaders in the Delhi NCR realty sector, provides high-quality, luxury
apartments in a green and urban location. These apartments, designed by renowned interior designer
Sonali Bhagwati, are envisioned to be the epitome of perfection, much like a solitaire.The architect of
this beautifully conceptualized project is the very famous Padma Bhushan Architect Hafeez Contractor.
This is a set of luxury independent floors in Gurugram that aims to redefine a sumptuous living in the
region.

The project sprawls across 5.0125 acres of lush land parcel. It is being developed under the Deen Dayal
Jan Awas Yojna, according to which low-density low-rise buildings are constructed. It allows the
development of a basement + ground + 4 floors and provides 2 and 3 BHK premium floors in
Gurugram.This is an Edge Certified project, which means that these are Green Homes built with
environmentally safe and non-toxic materials. Sustainable use of natural resources is a must in these
green homes of Signature Global City 63A. The construction and establishment work in Edge Certified
projects emphasis on renewable resources and recycling and reusing domestic byproducts. To know
more about the Green Homes Features check the pointers below.

Key Features of Green Homes

• Energy-efficient Walls
• Natural Ventilation
• Operational Energy-Saving Features
• Optimum Window-to-wall Ratio (WWR)
• Reflective Roof
• High Thermal Performance Windows
• Water Saving Features
• Low Flow Water Closet
• Low Flow Water Fixtures (taps, showerheads)
• Rainwater Harvesting
• Waste Water Treatment & Reuse
• Embodied Energy-Saving Features
• Low Embodied Energy Materials (walls, floor & roof slab, flooring & window frames) and many more such features

Location Advantages

This luxury independent floor in Gurugram also shares excellent location advantages. In close proximity
to Golf Course Extension Road, this project is easily & smoothly connected to various hot spots of
Gurugram. The locality is well-connected to Gurgaon – Faridabad Road, National Highway 8 (NH-8), Golf
Course Road and Southern Peripheral Road. Reaching Delhi & the Indira Gandhi International Airport
from this project site is now hassle-free. As of now the nearest metro station is the Huda City Center
metro but there is also a proposed metro station in the closest approach of the property.

Another important aspect of this project and the location is the amazingly developed infrastructure that
comprise of top-notch schools and hospitals. Other residential set-ups and commercial and corporate
hubs nearby, makes Signature Global City 63A an appropriate address at an ideal location. Given below
are the pointers that will help you understand the location advantage of Signature Global City 63A in a
better way.

Connectivity:

• Proposed Metro Station: 2 mins
• Kadarpur CRPF Camp: 9 mins
• Golf Course Extension Road: 11 mins
• HUDA City Centre Metro Station: 20 mins
• Cyber City: 21 mins
• UdyogVihar Phase IV: 24 mins
• IGI Airport: 35 mins

Schools Nearby

• ShikshaBharti Public School: 11 mins
• The Shriram Millennium School: 12 mins
• St. Xavier’s High School: 13 mins
• VIBGYOR High School: 13 mins
• DPS International: 14 mins
• St. Johannes International School: 19 mins

Hospitals Nearby

• Paras Hospital: 15 mins
• Artemis Hospital: 18 mins
• Max Hospital: 19 mins
• Fortis Hospital: 19 mins
• MedantaMedicity: 21 mins

Here, everything in the surrounding environment will inspire you to build that high-class life you always
dreamt of to live on your own terms and conditions encircled by the world-class amenities &top-notch
security. The contemporary amenities of Signature Global City 63A is one of the most impressive factors
so far. The impeccable amenities not only include the basic ones like Wi-Fi Enabled Zones, Swimming
Pools, Kids’ Play Area, Lawns, Car Parking, Dedicated Lifts, etc., but also host several up-to-date
amenities. These contemporary features are listed below for a better understanding.

• Modular Kitchen
• Work Space
• Meeting Rooms
• E-library
• Electric Car Charging
• VideoDoor Phone
• Digital Door Lock
• Virtual Concierge Service
• A Laundromat
• Spa
• Resident Doctor
• Salon
• Cyber Lounge
• Recreational Area
• Terrace Lounge Bar
• Virtual Reality Zone
• Fine Dine Restaurant
• Yoga & Aerobic Deck
• Wellness Zone
• Gymnasium
• Kid’s Zone
• Indoor Games Room
• Multi-purpose Hall
• Tree Court
• Swimming Pool
• Poolside Dec
• Reflexology Garden
• Gazebo
• Basketball Play Court
• Butterfly Gardens / Fragrance Garden
• Amphitheatre with Pergola

The entire property is built with an earthquake-resistant RCC framed structure in accordance with the
seismic zone, keeping residents safe during the earthquake. The project specifications of this luxury
independent floor in Gurugram include marble flooring, acrylic paint, glass railings, designer false
ceilings, laminated wooden floor in the bedroom, ISI marked CP fittings, anti-skid ceramic tiles in the
washrooms and balconies, ISI marked switches and sockets, and so on.To enhance the customers’
experience, Signature Global uses top brands like Cartsil, Jaquar, Dorset, Kajaria, Polycab, Asian Paints,
Saint-Gobain, OTIS, Hindware, Syska and Bajaj.

In addition to the aforementioned points, the residential property also has an amazingly structured
high-street commercial hub – Signature Global Signum Plaza 63A. The retail space is available to look up
to all your daily requirements. Getting groceries or other essential needs will be easy if you reside here.
The space will also possess high-end brand outlets. There are more to this project & all at the best
market value & reputation worth each penny

Despite all the domestic and worldwide headwinds in the form of global recession, inflation and rising interest rates, the real estate sector in India has emerged resilient and resurgent. Particularly after receiving the severe setback during the post-covid years of 2020 and 2021, Indian real estate has made a remarkable recovery to firmly retain its position as an attractive asset class for both domestic and international investors. 

It is an encouraging trend that institutional investments, despite global geo-political tensions, touched USD 5.2 billion (Rs 38,480 crore), registering a yearly increase of 19%. The platform commitments registered a 174% yearly increase with residential real estate recording a 24% increase in joint platforms for investment.

Delhi- NCR has topped in the region-wise investments with a growth rate of 170%, followed by MMR at 32%, Bangalore at 17%, Hyderabad at 6% and Chennai at 4%.  The US continent tops with a fund flow share of 49%, followed by the APAC region at 40% and the Middle East at 11%.  The share of domestic investment inflows in 2022 surpassed the share in 2021, accounting for a 22% share in total inflows, with a large percentage of residential investments.

In this positive growth story of real estate investments, the residential segment has given stellar performance. Setting a decadal record of sales, the residential real has garnered 30% of overall investments, coming close to the commercial office segment that has the highest share of 36%. Among the global investors, GIC, CPPIB, Brookfield and ADIA are involved in top deals with developers like Bhartiya Urban, Tata Realty & Infrastructure, and Bharti Realty. The investment share of residential realty is five times more than that of retail real estate.   

Policy reforms in real estate, housing and infrastructure sector, besides infrastructure upgradation, are driving investments in real estate. The government has put in place a liberal and transparent system wherein most sectors including real estate, are open for FDI under an automatic route. The reforms to promote ease of doing business have also made strides. The government's policy to pitch India as an alternative manufacturing destination with production-linked schemes has paid rich dividends. The Rs 100 lakh crore National Investment Pipeline and PM Gati Shakti Programme for coordinated planning and execution of infrastructure projects have proved to be a big confidence booster for investors. 

Dakshin Haryana Bijli Vitran Nigam (DHBVN) has taken a significant initiative to take over more than five dozen independent feeders in Gurgaon that will help ease the power situation in the city, in turn, give a boost to real estate growth. 

DHBVN has taken control of 62 independent feeders of 11 kv and 33kv that supply power to townships, colonies and group housing societies. Earlier, these feeders were maintained by the developer or the respective RWA. But now, these feeders will be operated and maintained by the discom as RWAs do not have the necessary expertise to run and maintain them. 

There are 86 residential societies in the two circles of DHBVN in Gurgaon. In Circle 2, out of a total of 67 group housing societies, 62 have been taken over by the DHBVN, while in Circle 1, only one society out of a total of 19 societies has been acquired by DHBVN. Of these, 26 are in the DLF subdivision, 4 in South City, 2 in Sushant Lok, 3 in Sector 23, 1 in Sector 31, 11 in sector 56 and 14 in the Sohna Road subdivision. The remaining feeders in different residential colonies in the city will be taken over by DHBVN later once the power infrastructure in these residential societies gets completed. 

The operation and maintenance of independent feeders will ensure regular inspection and faster repairs of electricity faults, ensuring a smooth power supply without prolonged outages. This will help improve the living quotient of the residents, in turn boosting real estate growth in Gurgaon.

Notwithstanding the global recession, institutional investments in Delhi-NCR's real estate have made significant increases. With a steady rise of 2.5 per cent year-on-year investments, this premier residential market has jumped to USD  754 million in valuation during the January-September period. This jump is huge when compared to USD 345 million during the same period last year. This substantial increase in investments holds a lot of promise for residential real estate growth in the coming year.

Total investments in Indian real estate have risen by 18% to reach USD 3.6 billion in valuation during the first nine months of this year, compared to 3.03 billion in the corresponding period of the previous year. These inflows were largely driven by the office segment that accounted for 50% share, though housing also contributed significantly. Domestic investors have become more active in the market, with their investment inflows accounting for 18% share during January-September 2022 period, compared to 14% share during the same period last year. The trend of global investors partnering with domestic developers through joint development platforms is very encouraging.

Moreover, the capital in Indian real estate is getting more broad-based with the active participation of retail and institutional investors. As such, the sentiment of global investment firms to invest in Indian real estate remains strong. Especially so, as a 7% predicted growth rate of the economy in FY23 and over 6% in FY24 would support the real estate sector and all this bode well for the growth prospects of the sector in 2023.

Every individual desires a comfy lifestyle, especially in a competitive and progressive world. And what best it would be to own a luxurious home in the City of Millennials–Gurugram. Signature Global City 81 Gurugram is one such project designed to give the best living experience to dwellers. A crown amongst the residential real estate, this iconic address is spread across 11.9778 acres, surrounded by lush greenery. It is an EDGE Certified eco-friendly project that promotes a green and clean environment for its residents.

This is a set of independent premium floors in Gurugram that offers 2 & 3 BHKs that comes with top-class specifications and features. Located in sector 81, Gurugram, this project features Green Homes. The structure has been planned to minimize any kind of negative impact caused due to climate change. Mentioned below are the Green Home's features that have been incorporated in this project to increase the sustainability of resources and also reduce the maintenance cost.

Key Features of Green Homes

• Energy-efficient Walls
• Natural Ventilation
• Operational Energy-Saving Features
• Optimum Window-to-wall Ratio (WWR)
• Reflection Roof
• High Thermal Performance Windows
• Water Saving Features
• Low Flow Water Closet
• Low Flow Water Fixtures (taps, showerheads)
• Rainwater Harvesting
• Waste Water Treatment & Reuse
• Low Embodied Energy Materials (walls, floor & roof slab, flooring & window frames) and many more such features

One of the most attractive components of Signature Global City 81 Gurugram is the architectural work done by the very famous Padma Bhushan Architect, Hafeez Contractor. This project is a stilt + 4 structure that has been planned under the Deen Dayal Jan Awas Yojna. It is a perfect example of independent living on the terms and conditions that would suit your taste and choice. The property has excellent connectivity, state-of-the-art infrastructure and contemporary amenities that would fully support modern-day living.

Location Advantages

Another important aspect and the most impressive feature of this independent floors project in Gurugram is its excellent connectivity. It is well-connected to all modes of transportation, making it ideal for those who are always on the go. The project shares proximity to National Highway 8 and Dwarka Expressway. Pataudi road and Southern Peripheral Road (SPR) are also well-connected to this gated community.

Connectivity:

• Dwarka Expressway
• Hero Honda Chowk
• KherkiDaula Toll, NH-4
• Airport
• IMT Manesa

Schools Nearby:

• DPS School
• Euro International School
• Matrikiran High School
• St. Xavier's High School

Hospitals Nearby:

• Arc Healthcare Super Specialty Hospital
• Medeor Hospital
• Miracles Apollo Spectra Hospital
• Arc Multi Speciality hospital

Hotels/Shopping Area Nearby:

• Hyatt Regency
• ITC Grand Bharat
• Holiday Inn
• Karma Lakelands

The location advantages of Signature Global City 81 Gurugram are more than just these connecting roads and highways. Via NH8, the projects share smooth connectivity to IMT Manesar, Hero Honda Chowk, Rajiv Chowk, IFFCO Chowk, UdyogVihar, Golf Course Extension Road and Cyber City. All the employment hubs are also well-linked from this project. The social infrastructures around the property are also well established as mentioned above. 

These premium floors in Gurugram sector 81 will take you straight into the lap of nature, where a green and clean environment will mesmerize you and enthrall you with new zeal to make a fresh start. From the spaciously planned rooms and that extra space for your work from home system or a me time zone to lavishly planned amenities, everything is available in this project. The list of amenities of Signature Global City 81 Gurugram includes the following:

• An Adult Swimming Pool
• Jacuzzi
• Kid’s Swimming Pool
• Pool Side Deck
• Kid’s Play Area
• Toddler’s Play Area
• Outdoor Gym
• Stepping Stone Pathway
• Amphitheatre
• Yoga/ Meditation Lawn
• Multipurpose Court
• Half Basketball Court
• Box Cricket
• Senior Citizen Area
• Reading Corner
• Jogging Track
• Multipurpose Lawn
• Strolling Path
• Fragrance Garden
• Butterfly Garden
• Orchard
• Vegetable Garden
• Trellis Seating

Apart from the amenities, the specifications of these premium floors in Gurugram sector 81 are also world-class. The floors, ceilings, walls, railings, kitchen countertops, external doors & windows, wirings, switches & sockets, paints and fittings & fixtures, and everything used is of excellent quality and brands. A few of the top brands associated with Signature Global comprise of Kajaria, Jaquar, Polycab, Cartsil, Asian Paints, Dorset, Saint-Gobain, OTIS, Hindware, Syska, Bajaj, etc. This project, in short, is a perfect amalgamation of comfort and luxury packed together to give you the best living experience.

With the onset of the New Year, the groundwork on the proposed extension of Delhi Metro from Huda City Centre to Cyber City, covering most of the city, including Old Gurgaon, is picking up speed, paving the way for providing wings to Gurgaon realty. 

The Delhi Metro Extension Plan will be getting impetus by way of the appointment of a design consultant. The process for the appointment of a design consultant has already been completed by the Haryana Mass Rapid Transport Corporation Limited (HMRTC) ahead of a final nod to the extension plan by the Centre.  The consultant will design and plan the metro stations, complete with foot over bridges and culverts and lay out plans for stations, including electrical and mechanical services. The consultant will also be responsible for designing ancillary buildings and private spaces along with the integration of existing and proposed property developments. He will be providing design solutions for public and private transport, traffic management plans and property developments at the metro stations.  From next month, the work for the soil testing will be initiated by HMRTC. And bids for the metro extension project will be submitted between July 15 and 26. 

The 29 km long proposed route with over two dozen metro stations approved by the Haryana government in August 2020, will pass through Sector 45 Cyber Park, District Shopping Centre, Sector 47, Subhash Chowk, Sector 48, Sector 72A, Hero Honda Chowk, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai Village, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Bajghera Road, Palam Vihar, Sector 23A, Sector 22, Udyog Vihar Phase 5 before merging into an existing metro network of Rapid Monorail at Moulsari Avenue Station near Cyber City The line will pass right by the Dwarka Expressway. At Udyog Vihar, the line will have an interchange facility to switch over to the 106 km Delhi-SNB RRTLine which will be connecting Delhi's Sarai Kale Khan with Shahjahanpur, Neemrana and Behror in Rajasthan through 17 stations.

The entire project for Metro Extension will take four years to complete construction. Since there will be an interchange at Huda City Centre, the extension line will provide direct connectivity to a large part of Gurgaon with Delhi, thereby giving a big boost to real estate in the city.  

Despite home affordability getting a hit in 2022, particularly during the second half of the year due to a rise in capital values and a sharp rise in interest rates, the stellar performance given by the housing sector paves the way for a high growth path ahead.

According to leading property consultancies, 2022 has proved to be a watershed year for Indian real estate as, despite high home loan rates, sales velocity got strengthened, setting the decadal benchmark. What's really remarkable is that though interest rates saw a sharp increase in H2, residential realty gave the best performance in the last 18 half-year blocks. While global realty consultancy put the yearly growth of 34% in housing sales, Anarock and JLL respectively put the yearly growth at 54%, and 68%. The strong uptick in sales saw a considerable dip in inventory, with a quarter-to-sell (QTS0 level going down to 7.2 quarters in H2 2022 from 10.2 quarters in H2 2021.  

Besides the surge in sales, the high growth in residential supply has boosted the confidence of home buyers. As per Knight Frank, there was a 41% Y-o-Y increase in new launches. Anarock puts the growth of new supply across 7 top cities at 51%. NCR is one of the top regions which have witnessed a strong home-buying sentiment among home buyers throughout the year. 

The price increment seen in pan India also points to the healthy residential market with stable demand-supply dynamics. Mumbai, NCR, Bangalore and Pune registered increments of 7% each. Chennai and Hyderabad witnessed a significant increase of 6%, while Kolkata and Ahmedabad had a 4% increase. 

Premium housing continues to be a significant growth driver. Housing units costing above Rs 1 crore have seen growth from 23% in H2 2021 to 28% in H2 2022. Units between Rs 50 lakh to 1 crore also witnessed growth from 35% to 37% in H2 2022. This came at the cost of affordable housing, which saw a dip from 41% in H2 2021 to 35% in H2 2022. The 2-3 BR units are the biggest demand drivers and are most preferred by home buyers across 12 top cities. This momentum goes on, especially as most of the home buyers are end-users. 

Declining inventory, together with higher completions, has boosted the buying sentiment of home buyers. This is evident from their growing faith in even under-construction housing projects. The under-construction residential projects of financially strong big branded developers with a good track record of deliveries have been gaining traction as there is little development risk. Moreover, the attractiveness of under-construction residential units has gone up as developers are coming up with tailor-made homes as per the needs and preferences of home buyers. 

This traction continues to be there as the property has seen good appreciation. As per Magicbricks PropIndex Report, the December 2022 quarter saw residential property appreciating by 13.9%. Moreover, investments in real estate are preferred as the realty market is more stable compared to the equity market. Institutional investments are also boosting residential real estate. Investments by family offices, foreign corporate groups, foreign banks, pension funds, private equity, real estate funds cum developers, foreign-funded NBFCs and sovereign wealth funds are increasingly gaining traction. The residential sector has shown a strong performance by garnering a 30% share of overall investments to the tune of USD 1564 million (Rs 11440 crore) compared to USD 1081 million (Rs 7999 crore)

Going forward, the moderating inflation bodes well for residential real estate growth as there are prospects of a halt to the cycle of interest rate hikes by the RBI in the second quarter of FY24. Moreover, the healthy economy (global agencies putting FY 23 and FY 24 growth at 7% and 6%, respectively) and positive business sentiment will support the growth of residential real estate.

Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during January September this year on higher demand for residential properties across all price categories -- affordable, mid-income and luxury, according to Anarock.

Housing sales in Gurugram stood at 7,725 units in the year ago period.

“Housing sales in Gurugram have risen sharply this year because of higher demand across all price points and segments, be it affordable housing or luxury floors. Of late, builders have also launched many projects with better locations and amenities which is attracting home buyers.” Signature Global, which is mainly into the development of affordable housing projects, had in July filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs. 1,000 crore- quoted, Mr. Pradeep Kumar Aggarwal, Founder and Chairman, Signatureglobal (India) Limited.

Gurugram, the city of success and growth, is always ready to excel and achieve new milestones. In the last year, across all locations and cities, real estate has touched a new sky. However, our city Gurugram, as usual, is one step ahead in setting another benchmark in the sale of real estate properties.

According to a report released by Anarock, the housing sales in Gurugram have witnessed a hike of more than threefold on an annual basis during the time frame of January to September, 2022. This jump is 24,482 in terms of units and comprises residential properties across all price categories -- affordable, mid-income and luxury. In the year-ago period, Gurugram housing sales were recorded at 7,725 units.

The data by Anarock also reveals that the sales in the Delhi-NCR market have shown a more than double hike, constituting 49,138 units from January to September, 2022. The figure noted in the previous year was just 22,478 units. This rise in all the residential segments of the housing sector, from affordable to premium, is considerably due to the eased post-COVID scenario. The demand has significantly increased this year, with most of it seen in the independent floors category.

Pradeep Aggarwal, Founder and Chairman, Signature Global, said: “Housing sales in Gurugram have risen sharply this year because of higher demand across all price points and segments, be it affordable housing or luxury floors. Of late, builders have also launched many projects with better locations and amenities, which are attracting home buyers.”

As per real estate experts, more exciting projects with contemporary amenities and features, are planned to be launched in order to fulfil the growing demands of home seekers, in and around Gurugram. This robust consumer demand is bound to increase sales in the years to come.

With the Gurgaon-Jaipur stretch of the mega 1352 km long Delhi-Gurgaon-Mumbai expressway getting operational later this month, the South of Gurgaon (Sohna) real estate is set to get a major boost.

This 8-lane access-controlled expressway will fast-track Gurgaon-Sohna-Jaipur connectivity, by effectively reducing the travelling time to Jaipur to two and a half hours. Gurgaon-Sohna-Jaipur stretch of the Delhi-Mumbai expressway is the first corridor to get operational. This will follow the operationalization of the crucial six-lane elevated access-controlled expressway between Rajiv Chowk (NH8 Gurgaon) and Sohna. This elevated road has already provided a great connectivity boost to Sohna's real estate micro market.

The National Highway Authority of India (NHAI) is now further revamping the Sohna elevated expressway through a slip road and an underpass at Vatika Chowk, where Sohna Road intersects Southern Peripheral Road (SPR). This will put an end to congestion and ensure smooth and speedier traffic on the premier real estate corridor of the National Capital Region (NCR), benefitting hundreds of thousands of people living in residential societies on both sides of the expressway.

Sohna, which already enjoys the advantage of strategic location due to close connectivity with NH8, NH248A, and Kundli-Manesar-Palwal expressway, will get further boost with improved connectivity. This will prove to be a booster for the logistics and warehousing business which has already taken roots in the region. Also, once the work on the DND and Jewar Airport, and Greater Noida links get completed in a couple of years, the entire NCR including Gurgaon, Sohna, Faridabad, Noida and Greater Noida will get immensely benefited in terms of real estate development.

The significant growth in retail credit for home buyers, and corporate credit to real estate companies, will have a positive impact on the growth of real estate, particularly in general and residential real estate.

Both the bank credit and non-bank (NBFCs) credit for home buyers and real estate/ construction companies has seen the fastest growth. According to industry statistics, the credit for companies/industries grew the fastest in September 2022, due to a surge in demand for working capital over the past eight years.

The Reserve Bank of India's (RBI) latest sectoral deployment data indicates that the credit to industries/corporates has shot up to Rs 32.4 trillion, registering a 12.6 percent year on year growth. The RBI's figures indicate that the construction companies and allied sector companies dealing in steel and cement are the key drivers of credit growth. Post-Covid, the working capital loans that had contracted during the pandemic, are now on the rise. In view of the turbulent stock market, companies have been preferring bank credit and loans from NBFCs. High inflation had resulted in higher demand for working capital loans from companies. Public sector banks saw the aggregate loan growth improve to 8.8 percent in the financial year 2022, the highest since 2013-14.

On one hand, the corporate loan book is swelling, while on the other, retail loan (largely home loan) is significantly increasing. HDFC, the largest private mortgage financer, has seen its retail loan demand at an 8-year high. In Q2 2022, individual disbursements were to the tune of Rs 43000 crore, up by 2 percent sequentially and 13 percent, year on year. Disbursements in the individual segment grew by 36 percent year on year to Rs 44000 crore. Individual loans comprise 81 percent of the Rs 6.9 trillion of assets under management(AUM). State Bank of India, the leading public sector bank, has seen retail loans growing by 18.84 percent, while corporate loans registering a growth of 21.8 percent.

NBFCs and HFCs have also seen a spurt in retail loans and home loans, with strong demand from Tier 2 and Tier 3 cities. LIC Housing Finance is leveraging high demand for the affordable housing segment. It has an overall loan growth guidance of 15 percent across the full financial year. In view of the robust demand from Tier 2 and Tier 3 cities, Sundram Home Finance is raising up to Rs 4500 crore to expand its loan book. It aims to disburse Rs 3500 crore in the current fiscal, up from Rs 2350 crore in the last financial year.

What is all the more heartening is that unlike in the past, credit growth this time is quite broad based. According to leading rating agency Crisil, healthy economic growth and budgetary support from the government should further provide a push to bank credit growth by 2-3 percent to 11-12 percent in 2022-23. Thus, this high credit demand from corporates and home buyers will bode well for the real estate, especially the residential segment.

Despite being prone to rising interest regime, the rate sensitive real estate sector, particularly residential realty is experiencing robust sales due to strong sentiment for home ownership, rising number of new launches amidst manageable inventory.

The healthy residential sales momentum is marked by the highest sales number for residential real estate after 2010. The January- September 2022 period registered sales of 161000 units and the projections for the full year top 2000000 units. This according to JLL, will be 56 percent higher than last year's sales figure. As per Anarock data, sales of residential properties across top 7 cities including Delhi-NCR, Mumbai Metropolitan Region (MMR) , Chennai, Kolkata, Bengaluru, Pune and Hyderabad rose 41 percent year on year.  

This positive performance is reflected in the equity shares of real estate companies as well. Against an 8 percent surge in Nifty 50 and S&P BSE Index , shares of top listed companies have gone up by over 28 percent in the July- September quarter. Seen in the backdrop of  firming up of interest rates and up to 10 percent  increase in home prices across a portfolio of projects , this is quite creditable performance.

The robust home sales amidst high demand  and reducing inventory ,are reflected in a healthy increase in the number of new launches.  The top 7 cities witnessed new launches of  62000 apartments in the third quarter of 2022, recording an increase of 3 percent QoQ , as per JLL report findings. What is significant about these new launches is that developers are tailoring their projects as per the choice and preferences of home buyers. Keeping in view the post-covid requirements of spacious premium homes with top amenities and high quotient of sustainability and wellness , developers are offering such products to lure prospective home buyers. And these tailor-made  products with lucrative launch offers , in turn are pushing up housing demand and sales.

As the new supply by the developers across India is getting a very good response, developers have planned a strong pipeline of  new launches in millions of sq ft, beyond festive season to cash in on the sales momentum. Especially when the trend of home ownership is gaining further strength. As such despite hiccups, a strong finish is expected in the second half of the year which will help continue the momentum through the new year.