The housing sector in India satisfies an essential need. Housing here is not only an important component of investment; it also makes up the largest component of wealth for families. However, housing options in India today are often found to be overly expensive, especially when you have a growing family. Therefore, different projects of Signature Global (a pioneer in affordable housing) have designed to solve this problem of affordability with premium features at a lower cost.
Affordable Housing has always been the buzz word in the real state arena for more than a decade now, but it received greater prominence only in 2015, when the Modi government made a grand announcement of providing ‘Housing for All by 2022’ – India’s 75th year of independence. It proudly announced that every Indian would have a brick and cement house with gas, water, electricity and a toilet by then. Later, the announcement brought much needed focus on the ‘Affordable Housing’ and since then most of its policy initiatives for the housing sector has primarily focused on it along with Pradhan Mantri Awas Yojna. The fact that many state governments like Haryana Government introduced a couple of policies to boost affordable housing also helped the segment immensely. Haryana’s Deen Dayal Jan Awas Yojna, which envisages providing plots at a reasonable price, has been a great success.
The pandemic has made people understand the importance of owing a home because ‘Apna Ghar Apna hi hota hai’ and now developers are adopting different ways to interact with the home-buyers and seeking for their preferences at the priority. Adding on, Signature Global has already delivered more than 2800 units and will be delivering another 2500 by March 2021. Last but the least, our aim is to serve at least 1 lakh units to the nation by 2022 to achieve the Housing for All mission.
Mr. Pradeep Aggarwal, Founder & Chairman – Signature Global Group & Chairman – ASSOCHAM National Council on Real Estate, Housing and Urban Development, says, “We have developed affordable housing projects at various locations in Delhi NCR and its nearby areas. We believe in providing high quality dream homes to our clients on a value basis and drive investment performance through active operational improvements. Though, the things will be back to the new normal, this is just a phase real estate sector is going through. But as it rightly said that- ‘Apna Ghar to apna hi hota hai’ because the aftermath of the Covid-19 pandemic situation has established the fact that owning an apartment is way better than dealing with the uncertainties of living in rented accommodation.
