Tag: MRG World

Business

Sector 106: Affordable Homes attracting buyers

Sep 20, 2021 by Rekha Nair 0 Comments #Deputy MD, #MRG World, #Vikas Garg

National| After the clarity on completion, properties in various sectors around Dwarka Expressway are selling like hotcakes. The expressway is catering to all housing segments, and affordable housing is among the most in-demand housing here. Sector 106 on Dwarka Expressway mostly has under-construction projects by prominent developers. The maximum availability in the sector is of 3 BHK units which comprise around 55% of all the available units; 2 BHK and 4 BHK comprise 21% and 14%, respectively.

Surrounded by Sector 103, 105, 109 and Babupur Village, Sector 106 is in progress, with retail and social infra being available in Sector 3, 4, 5, 7 and 9 that are around 5 km away from Sector 106. Daulatabad Main Road, Old New Delhi Gurgaon Road, Carterpuri Road, Old Railway Road, and Dwarka Expressway are key roadways connecting the sector to significant neighborhoods in Gurugram. Railway Station is around 10 minutes away, and the Indira Gandhi International Airport is 20 kilometres away. Once the Dwarka Expressway is completely operational, which is expected this year, connectivity with New Delhi will improve. Schools and hospitals are within 5-10 km radius. Several prominent corporate buildings and offices in Udyog Vihar and Cyber City are within 10-15 km of the sector.

Around 35% of the residential units here fall under Rs 80 lakh to Rs 1 crore bracket, 12% under Rs 1.8 cr to Rs 2 crore, and only 8% units are in Rs 40 lakh to Rs 60 lakh. More than 80% of the properties here are apartments, the sector has 8% of commercial, and 5% are studio apartments.

“Affordable housing is in high demand throughout India, and the limited stock of affordable housing is being snapped up quickly here. The sector’s connectivity, and its location on the Dwarka Expressway, close to Delhi, contribute to the attractiveness of affordable housing. Post-COVID, people do not want to spend money on rent and prefer to invest in real estate assets that can provide financial security in the long run,” says Vikas Garg, Deputy MD, MRG World.

Business, News

Sale of plots picking up pace, likely to breach 2020 mark sooner

Jul 26, 2021 by Rekha Nair 0 Comments #Ajnara India Ltd., #Ashok Gupta, #CMD, #Deputy MD, #Dhiraj Jain, #Director, #Executive Director, #Mahagun Group., #MRG World, #Prateek Mittal, #Sushma Group, #Vikas Garg

According to insider reports, the number of plots sold since 2019 has been declining; however, this year, the progress has been good and plots’ sale is likely to breach the 2020 figures at the end of the second half of 2021. Realty experts say that the in 2020 the sale of plots came down to 50% compared to 2019, but post pandemic the situation has improved with people coming out invest in plots from end-user perspective as well as investors.

“The market is booming, and based on the flow of people, it’s worth noting that having a plot near a financial centre can help you earn a good return. Although prices are now low, they are expected to rise as the economy recovers from a major setback caused by the COVID issue. The flow of people towards places with the best health facilities and work possibilities will increase, and these metros will become goldmines for those who have purchased plots,” says Prateek Mittal, Executive Director, Sushma Group.

Realtors feel that the increased sale of plots attests that post-pandemic people have started looking for independent pieces of land where they can spend a healthy and secure life. The plots launched by reputed developers are the first choice as they add credibility and promise a better lifestyle in gated communities. Throwing light on the trend of plotted developments, Dhiraj Jain, Director, Mahagun Group, says “Many reputable developers are now active in plotted development projects across the country, and demand has always been strong. Builder-planned communities provide the infrastructure needed to begin living and offer a good return on a patient long-term investment.”

Real estate brokers say that more than 11,000 units were launched in the first half of 2021 in top cities compared to around 16,000 in 2020. Maximum units were launched in Chennai, Bengaluru, and Hyderabad; the Delhi NCR market witnessed the launch of more than 600 units in the first half compared to around 1100 in 2019. “Plotted development investment is a time-honoured tradition in India, and COVID-19 has bolstered demand for plotted development as a long-term investment. Buyers are looking for developments like this in gated communities to expand on and utilise as separate residences. Plotted developments by well-known developers are constantly in demand, and they promise a solid return on investment. The value proposition, however, is dependent on the geography and infrastructure,” adds Ashok Gupta, CMD, Ajnara India Ltd.

Buyers have long been torn between living in an apartment or on separate floors; the dilemma is deciding between having your patio and sharing utilities with others. “However, having a yard in a metropolis is a pipe dream due to land scarcity and high prices. As a result, developers are launching a slew of plotted development projects in Metro’s outskirts; these projects prove to be rather popular, especially in the post-pandemic age, when people crave more space. Authorities plots are always safe; if a private developer is launching a planned development project, one should always choose reputable developers,” says Vikas Garg, Deputy MD, MRG World.

Business World

MRG World launches ‘Kharido Dukaan aur Jeeto Makaan’ Mega Carnival offers

Oct 12, 2020 by Gouri Achary 0 Comments #Kharido Dukaan aur Jeeto Makaan’, #Mega Carnival offers, #Mr. Vikas Garg, #MRG Bazaar, #MRG World

MRG World, a leading player in the affordable housing segment has recently launched a campaign ‘Kharido Dukaan aur Jeeto Makaan’ for its Gurugram based commercial and residential projects. Taking into account the feedback received from interested buyers during the lockdown, MRG World planned a campaign which will help them deliver their buyers a double offer deal. The campaign launched in Mega Carnival promises all the buyers assured gifts like Gold coin, Activa Scooter, home appliances like the refrigerator and Air conditioner, electronic gadgets like Laptop with every shop booking in Bazaar. Once all the shop bookings are completed, a lucky draw would be conducted via the coupons shared with shop owners. One lucky contender will be winning a residential unit at MRG’s residential project in Gurugram.

MRG World’s Bazaar situated in Sector 89, 90, 93 Gurugram has a total of around 269 shops starting from INR 20 lakhs. Surrounded by residential projects, with seamless connectivity to Dwarka Expressway, NH8 & Main Pataudi Road, these road facing double height shops are planned to become the commercial hubs. Bazaar also has a wide approach and ample parking space provision to add to customers’ ease. Designed with the theme of new-age retail concepts, shops here can be easily customized as per the brand needs to generate maximum returns, if one is planning to establish a long-term investment channel. Well-lighted and ventilated corridors around the whole area of Bazaar will add to the visitor’s recreation experience.

Speaking on the campaign announcement, Mr. Vikas Garg, Deputy Managing Director, MRG World said, “As we move forward in the market recovery phase, establishing a strong relationship with our customers has become more essential. People who are willing to invest now are mapping the market carefully and seeking the best deals. With the festive season approaching, we are expecting campaigns like ‘Kharido Dukaan aur Jeeto Makaan’ would be incentivizing the buyers and making an impactful difference in our commercial projects. The residential and commercial projects near Dwarka Expressway hold immense potential to become realty hotspots and promise high future returns. Our efforts are directed to help the retailers and brands grow in a conducive environment.”

MRG Bazaar at all three locations would be providing almost 900+ direct job opportunities, when fully operational. Additionally, there is also a unique offer for brokers and associates to win a Harley Davidson bike, who manage to achieve the closure in procuring the booking amount from shop owners.