Tag: GBP Group

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GBP Group ties up with global conglomerate to develop various real estate projects

Jun 10, 2021 by Rekha Nair 0 Comments #GBP Group, #Managing Director, #Satish Gupta

New Delhi: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.

Business World

Tier II cities on Township radar

May 4, 2021 by Neel Achary 0 Comments #Director, #GBP Group, #Raman Gupta

By Raman Gupta, Director, GBP Group

The stage is set for tier-II and tier-III cities to witness the idea of Integrated Townships, with the National Capital Region (NCR) being extended to include several more close-by towns in Haryana, Rajasthan, and Uttar Pradesh. The amount of real estate investment in tier II cities has increased over the last few years. By 2030, India is expected to have 104 Tier-II cities and just 155 Tier-I cities. The figure alone foreshadows the growth of Tier-II cities in the future. Finally, increased economic growth, infrastructure development, and the benefit of lower real estate prices and a lower cost of living are all driving up residential demand in these cities.

People would want to enjoy the luxuries of modern living, such as plush markets, schools, hospitals, and entertainment facilities, all in one complex, particularly in the aftermath of COVID-19. These ‘prime’ cities are already attracting major developers from across the country. In the current scenario, the increase in demand for homes is leaning toward features that resolve health and safety issues; this is addressed in integrated townships by providing a controlled living environment to the residents.

Reasonable land prices, a lack of organized living options, and the migration of working professionals, among other factors, could reignite demand in cities such as Chandigarh and Ludhiana. The acceleration in demand appears certain, with home loan interest rates at record lows and government subsidies for home buyers. Significant real estate projects are expected in towns and cities with populations of 0.5 to one million people. Residential markets in tier-II and tier-III cities have seen increased demand, which is expected to continue following the Corona scare.

The availability of relatively cheaper real estate options is one reason for these cities’ emergence as viable options. The rapidly expanding IT-ITES industry, entrenched in the major metros, is also moving towards Tier-II cities as rising real estate costs and overburdened infrastructure in Tier-I cities pose problems for IT-ITES companies.

Today, well-known developers branch out outside their conventional holdings, and Tier-II cities provide them with the best opportunities. Townships allow developers to provide high-quality planned urban lifestyles at affordable prices. The success of Integrated Townships in these cities is because the majority of the colonies are poorly constructed or unregulated, resulting in hardships such as poor sewerage, insufficient electricity, and security concerns.

In addition, the government’s announcement that it will invest in infrastructure over the next five years was a blessing in disguise for Tier-II cities. The announcement addresses the most significant aspect of real estate: infrastructure growth, which contributes to a thriving real estate sector. The announcement allowed the long-standing question about the exodus of people from smaller cities to larger cities to be addressed. Due to the operating costs in larger cities, the development would result in job creation and the relocation of MNCs to these cities.

Business World

GBP Group plans to bring multiple real estate projects in Punjab

Apr 30, 2021 by Neel Achary 0 Comments #Branding & Construction, #Director, #GBP Group, #Raman Gupta

One of the most trusted developers of the Tricity region, GBP Group has been relentlessly working to change the face of real estate in Punjab. The Group has plans to deliver 20 lacs sq ft residential and 10 lacs sq ft commercial by 2022. The total investment in all the projects would be around Rs 1600 crore.

The group has a futuristic project in the commercial segment called Centrum, a versatile project by GBP Group that will become Tricity’s third-largest commercial space slated for completion by Dec-2022. The upcoming commercial space offers a wide range of inventory in retail shops, Multiplex, Soho, Office spaces, studios, hotels, banquet halls, and food courts.

The group has also ventured into providing residential plots at GBP Smart City in Mohali. The cost of this project is 100 crore and will be funded through promoter funding and bank loan. The plots are close to Airport Chowk, the epicenter of bustling activities, and an upcoming four-lane expressway is slated to be fully functional in a year; apart from this Kharar-Ambala has all the amenities to have a fine livability quotient. Aerocity and IT City are nearby two ambitious commercial projects that will be providing the residents with an array of options in retail, entertainment, and recreation when fully operational.

Overall, the Group is planning to launch five new projects this year, two commercial and three residential, in areas like Peer Muchalla, Airport Road, New Chandigarh, Derabassi, and Mohali extension. The three months post lockdown saw GBP Group selling 295 units, which corresponds to around Rs 200 crore of business. The units were in Camellia in Kharar (90), Athens (100 units) in Zirakpur, Techtown (30) in Mohali, Centrum (30) in Zirakpur, and Dera Bassi (45).

Elaborating more on the vision of the group, Raman Gupta, Director, Branding & construction, GBP Group, said, “We are very positive with our delivery timelines, it is only possible due to the support from our associated stakeholders. The lockdown has established multiple trends in the real estate sector, it is only a matter of time that some of them would stay. Customer preferences have changed to a great extent, real estate is increasingly being viewed as an investment opportunity by a large section of buyers, this was not the case in pre-COVID times. The prevalent market scenario is also motivating for the buyers to enter into a real estate agreement. Our efforts remain to offer a real estate development for the distinct sections of buyers through our multiple projects.”

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GBP Group announces 500 plots in Mohali with investment of Rs 100 crore

Mar 4, 2021 by Rekha Nair 0 Comments #Branding & Construction, #Director, #GBP Group, #Mr. Raman Gupta

Chandigarh: GBP Group, one of the top builders in Punjab, announced residential plots at GBP Smart City in Mohali. Spread over 23 acres, the project will have 500 plots ranging from 80 sq yard to 137 sq yards and are priced at 17,990 per sq yard. Located at NH 205-A, near upcoming Aerocity extension, Mohali, the cost of the project is Rs 100 crore, which will be sourced through promoter funding and bank loan.

It presents an opportune time for end-users looking to invest in affordable housing. As the price points offered here are on an average INR 50,000 per sq yard in Aerocity, while the plots offered by GBP Group are being offered at a competitive price of 17,990 per sq. yard. Talking about the important characteristics of plotted developments, Mr. Raman Gupta, Director, Branding & Construction, GBP Group, says, “Plots in integrated townships offer the best of both worlds – an independent dwelling unit and the benefits of community living. Having one’s own independent house is an aspiration for most Indians despite the recent increase in multi-storied developments. Also, over a period of time, plotted developments by reputed builders tend to yield better returns”.

The plots are in proximity to Airport Chowk, the center of bustling activities and a prominent four-lane expressway is under-construction which will be fully-functional in a year; Kharar-Ambala has all the requisites to have a fine livability quotient. IT City and Aerocity being the two ambitious commercial projects will be providing the residents with an array of options in retail, entertainment and recreation. The regular upsurge of real estate developments has further laid to the establishment of Aeretropolis, a project by GMADA with 5500 acres of land that is going to be having 20,000 residential plots. Ashoka University, Amity University are the two upcoming premier educational institutions while Chandigarh and Chitkara University, the already established esteemed educational institutions of Tricity region are a 8-minute drive away from the project.

Overall, the Group is planning to launch five new projects this year, two commercial and three residential, in areas like Peer Muchalla, Airport Road, New Chandigarh, Derabassi, and Mohali extension. To be developed with an investment of more than Rs 2350 crore, the projects will comprise approximately 2000 plots, 1500 residential floor units, and 10,000 sq. ft of commercial area.

With the movement of people to Tier II and III cities in the aftermath of COVID-19, this age-old demand for plots & floors has come back to the real estate market. The flexibility offered by plotted developments and the high appreciation is attracting real estate buyers to choose these options. People have started realizing the importance of healthy living, immunity and are falling back on many age-old social norms, including living life king size where you have space to go through daily chores with ease. The demand for projects that provide less cluttered living is increasing. “Buyers are going for housing societies, townships, or projects that provide stores of basic necessities inside the project. People stuck in apartments were missing freedom, and the plotted development is the solution for all their needs. There is an emergence of shifting to large spaces, and we see it in the number of inquiries,” says Mr. Gupta.

News

Mid-segment ruled 2020, will continue the run in 2021

Jan 4, 2021 by Rekha Nair 0 Comments #Ajnara India, #Ashok Gupta, #CEO, #CMD, #Director (Branding and construction), #GBP Group, #Mohit Goel, #Omaxe Ltd., #Raman Gupta, #says, #TDI Infratech Ltd, #Vice President of Sales & Leasing (commercial), #Vimal Monga

Unlike expectations, 2020 turned out to be a fair year for the real estate sector as it negated the highly detrimental predictions. In the end, the year witnessed a sale of around Rs 90,000 crore in the first three quarters in seven major cities as against around Rs 1,50,000 crore in the same period in 2019. The maximum sale was achieved in the mid-segment as the price range below Rs 70 lakh was in maximum demand during the year. The ease-out in home loan interest rates triggered the much-needed revival, which is expected to improve further in the coming year.

Though the year saw a decline in sales by almost 40-45% compared to the previous year, it has to be seen in light of the economic crisis arising from the global pandemic. Mohit Goel, CEO, Omaxe Ltd., says, “The overhang of subdued demand from last quarter of 2019 continued into 2020, and with the COVID-19 pandemic induced lockdown in March, the sector went from bad to worse. The migration of labours and disruption in the supply of raw materials saw a stoppage in construction activities. On the back of government stimulus and RBI’s liquidity measures, there was some uptick in demand post the partial opening of the economy.”

Nevertheless, the positives that have emerged from the COVID-19 crisis will form the cornerstone of the coming decades of growth in the real estate sector and overall Indian economy, Goel adds. Talking about the year ahead, he says, “The increased investment in infrastructure development by governments and businesses in developing tier 2/3 cities as centres of economic activity along with increased consumer spending and activity will write the story of growth, employment and opportunities in the coming decades in India.”

Majorly driven by the mid-segment, major cities’ housing sales value saw a significant jump over pre-COVID-19 levels. Chennai saw almost 3.5 times jump in Q3 2020, NCR recording a jump of more than 150%, Hyderabad went up by 152%, MMR witnessed an increase of 145% over the previous quarter, Pune saw 125% increase, Kolkata witnessed 121% jump, and Bangalore saw an increase of 81%. Throwing light on 2020, Ankit Kansal, Co-Founder & MD, 360 Realtors, says, “As the Black Swain event spread like wildfire, markets started staggering, with a drastic slowdown in sales. The industry showed some limited manoeuvring with embracing the digital medium. The repo rate cuts and liquidity infusion by the government were also helpful as it reduced home loan rates. The developer fraternity also introduced attractive payment plans to arrest any steep decline in sentiments. Once the lockdown was suspended, markets started reviving, despite a slowdown in business activities weighing on the overall economy. Finally, in the last quarter, the previous year’s growth numbers were restored, and the industry reached near normalcy. The euphoria that started with the festive season should lead up to year-end, clocking a 75-85% quarterly growth in sales.”

Though starting with challenging times, 2020 is ending with many positives for the real estate sector. This is the year when home loan interest rates got reduced to a 15-year low, and steps were announced to help stuck projects and liquidity issues, says Vimal Monga, Vice President of Sales & Leasing (commercial), TDI Infratech Ltd, adding that “The year also witnessed the movement of people towards tier II and III cities, thereby increasing the scope of real estate far and wide. The coming year will see an increasing demand owing to the people’s likeness for gated communities post-COVID-19. In 2021, we will also see interest in well-planned commercial developments as the requirement of malls and office spaces will go up.”

Saying that the reverse migration among the working professionals from metros and NRI’s lead to increase in demand of property in Tier II and tier III cities, Raman Gupta, Director (Branding and construction), GBP Group, adds, “When it comes to analyzing the northern region, Tricity and its peripheries witnessed an upsurge laying the foundation for a market that is going to grow exponentially from here. The year 2021 promises favourable returns, as people’s lifestyle will change drastically after overcoming the pandemic effects. Residential spaces that promise holistic living, unique amenities, an ideal location would become the epitome of an ideal home. We will be witnessing a wave of tech-based innovations, apart from the construction technologies which will be evolving the traditional sector of real estate further.”

Drawing conclusion from the renewed interest of buyers in 2020, Ashok Gupta, CMD, Ajnara India, says, “The buyers in NCR are likely to see more number of housing units hitting the market in 2021. Around 6 lakh units were launched in the region from 2013 to 2020, and only 30 per cent have been completed till now. With the focus of developers in NCR on project delivery, many mid-segment units will be up for grab. The market in 2021 definitely looks promising as the measures taken by the Government to boost buyer sentiment will start showing result starting from Q1 2021.”

Business World

Kharar-Ambala Road (opp. Aerocity Extension): Upcoming integrated living hotspot near Tricity

Nov 21, 2020 by Gouri Achary 0 Comments #Amity University, #Ashoka University, #GBP Group, #Kharar- Ambala Road, #Mr. Raman Gupta, #Tricity

Kharar- Ambala Road and the progressing infra and real estate developments around it, are a reflection of the growth opportunities the particular region plans to offer in the coming years. Being in a strategic location which is close to the junction of three major states- Punjab, Haryana and Himachal, a mix of newly laid residential and commercial projects will be smart options for investment especially for the buyers looking to gain higher future returns from the property deal made here. The area also has excellent accessibility to the cities of Ambala and Manali, former being a prominent industrial hub and latter being the most attractive tourist destination of North India.

With its proximity to Airport Chowk, the centre of bustling activities and a prominent four-lane expressway under-construction which will be fully-functional in a year; Kharar-Ambala has all the requisites to have a fine livability quotient. IT City and Aerocity being the two ambitious commercial projects will be providing the residents with an array of options in retail, entertainment and recreation. The regular upsurge of real estate developments has further laid to the establishment of Aerotropolis, a project by GMADA with 5500 acres of land that is going to be having 20,000 residential plots.

Ashoka University, Amity University are the two upcoming premier educational institutions while Chandigarh and Chitkara University, the already established esteemed educational institutions of Tricity region are an 8-minute drive away from this road. This makes it an ideal spot for earning from student rentals. Presence of a range of IT companies and MK Technology Park will also be the key drivers in making it an ideal residential locality for the corporates due to the facilities offered and the seamless connectivity to the city of Chandigarh and other nearby industrial cities.

It presents an opportune time for end-users looking to invest in affordable housing. As the price points offered here are on an average INR 20,000 per sq yard, and INR 23.90 lacs for 2 BHK as compared to the INR 28,000-30,000 per sq yard and INR 50–55 lacs for 2BHK in Aerocity being offered within a 5-minute drive. Such competitive price brackets will further add value to the residential and commercial establishments in the region.

This newly developed residential hub will be attracting the majority of the population looking to settle near the Tricity region. Gated societies with an enhanced security system, a range of social amenities like gymnasiums, pools, clubhouses, jogging tracks, children playing area, shopping arcade will pave the way for a newer definition of integrated living in Kharar-Ambala region.

Mr. Raman Gupta- Director (Branding & Construction) GBP Group

Business World

GBP comes up with mega residential & commercial township, Central Town in Zirakpur

Sep 22, 2020 by Gouri Achary 0 Comments #Central Town in Zirakpur, #GBP Group, #Raman Gupta, #Zirakpur

Chandigarh: GBP Group, one of the top builders in Punjab, announced its township project Central Town in Zirakpur spread over 32 acres. With a total outlay of Rs 600 crores, funded partially through internal accruals and partially through banks funding and sales, the township will have residential units, plots and commercial complexes. The low rise project will have 700-800 residential units including 2 & 3 BHK S+3 independent floors and luxury villas, and 400 plots ranging from 100 to 213 sq. yards.

Built over an area of 11 acres the commercial complex will comprise of 250 showrooms, i.e. total 750 lower ground, ground and first-floor units. It is the first time that GBP is coming up with plotting in the region; the total built-up area of the project would be around 15 lakh sq. ft. besides plotting. The group plans to give possession of plots within 6-9 months, residential units within 2-3 years, commercial units in 18-24 months.

Group proposes to develop the commercial complex as the hub of food joints, clubs, restaurants, bars, banks, wellness clinics, etc for catering to around 20,000 neighbourhood population and more than 3 lac population in 10 minutes of the vicinity. The commercial complex is equipped with ample parking which has been missing from Zirakpur shopping experience since long.

Group is also upbeat about the size of the project, which is one of the attractions in the region where societies are in 4-8 acres because of the high land prices. Planned to have all the facilities, the township is planned meticulously keeping in mind the present and future needs of the people. Another added advantage of the project is that it is well connected in three ways – it is near the main highway, then 200 ft. wide international airport road connects it to Shimla and Haryana, thirdly it is connected to Panchkula.

Over the years, Zirakpur has been in the limelight owing to the affordable pricing it enjoys as compared to the neighbouring areas. With this township project, GBP Group plans to be the first mover in the region which is coming up with a project to meet all the needs of the growing population of the region.

“In the surrounding areas of Chandigarh, prices are three times as compared to prices in Zirakpur. The population growth of Zirakpur is 3.5% annually as compared to the nearby regions’ population growth of 2.5%. So there is a huge upcoming requirement of real estate in this area. Central Town is in the heart of the city with the most approachable location near National Ambala Highway and in between Peer Muchalla, Sector 20, Panchkula,” says Raman Gupta, Director – Branding & Construction, GBP Group.

Talking about the real estate market in the country, Gupta says, “Real estate market was going through a tough phase in the last three years but 2021 is going to be wonderful. Demand and supply have already been settled in all these years, and looking at the limited supply even the stuck projects will do well as banks are coming up with funding schemes such as SWAMIH fund, and stress funds.”

Business World

Changing preferences of home buyers for healthy living

Aug 14, 2020 by Gouri Achary 0 Comments #Director- Branding & Construction, #Executive Director, #GBP Group, #healthy living, #home buyers, #Mr. Prateek Mittal, #Mr. Raman Gupta, #Sushma Group

The Coronavirus has definitely taught everyone to live and function as per the new normal. Mindsets of consumers are rapidly changing, and this trend is quite apparent in the residential segment. People living in rental accommodations, have started looking for properties that fit their budgets, and are well-maintained in terms of hygiene and cleanliness. These months of lockdown have been difficult for the tenants staying and working in their confined spaces, they have utilised this time in exploring properties on digital platforms, taken virtual tours in place of site visits to get a real-time experience.

Developers have analysed this trend of a healthy lifestyle and have shifted their interests towards creating projects that fulfil the changing needs of new-age buyers in post-Corona times. Projects like integrated townships are in huge demand, due to the facilities of commercial complexes, essential stores all located within the society premises.

Apart from this, homebuyers have received support from the government as well in terms of reduced repo rates, CLSS announcement for affordable housing; all of these measures will encourage more and more investors and buyers to put their funds in the real estate market. Developers are all set to embrace the changing needs and mind-sets of buyers and are working towards customizing their projects. Some of the reputed developers planning on introducing the ideal homes as per these trends have discussed their plans in detail-

Mr. Prateek Mittal, Executive Director, Sushma Group

Mr. Prateek Mittal, Executive Director, Sushma Group (2)

COVID 19 has made people realize the importance of living in a pollution-free and healthy environment. Now the homebuyers looking for buying a property would be wanting to invest in societies that provide healthy amenities. Some of these may include increased green cover, basement Carbon monoxide sensor, Electric Car Charging Point etc. Sports and fitness activities will also form an important part of the daily lifestyle to nurture strong immunity. Eating habits will also undergo a transformation for a healthy lifestyle, in-house farming concept to produce organically edible products will be adopted by conscious communities. Zero discharge development for controlling and processing the waste generated will be in huge demand for the betterment of the environment. Integrated townships would become the most preferred choice for many due to its convenience and accessibility to the necessities within one premise.

Mr Mohit Goel, CEO, Omaxe Limited

Mr. Mohit Goel, CEO, Omaxe Ltd.

In the post-COVID world, the preference of homebuyers will veer towards facilities in a home that address his health and safety concerns and also provide space for the office-going member of the family to conveniently work from home. Keeping in tune with the ‘new normal’, we at Omaxe have been quick in responding to this demand. In our projects in Ludhiana, New Chandigarh and Lucknow, we may soon come out with residential offerings comprising dedicated office space at home, large balconies/personal terrace, built-in sanitization and air filters, automation to name a few. We believe there is sufficient disposable income in these cities for such curated products.

Mr. Raman Gupta, Director- Branding & Construction, GBP Group

Mr Raman Gupta, Director_Branding & Construction, GBP Group

After the advent of Corona, homebuyers have prioritised cleanliness and healthy surroundings in their home- hunting. Ready to move-in homes, integrated townships and units with dedicated office space are some of the other popular residential choices in demand. Apart from all of this, some of the other contemporary amenities in demand by homebuyers include Yoga and meditation rooms for wholesome wellness. Developers have planned to keep a maintenance team in place for managing the safety and cleanliness in the premises.