Tag: Mr. Raman Gupta

Business World

Airport Road is the latest investment hub

Mar 25, 2021 by Neel Achary 0 Comments #Director-Branding and Construction GBP Group, #Mr. Raman Gupta

By Mr.Raman Gupta, Director-Branding and Construction GBP Group

When it comes to buying or investing in a property, people look for the best of places. Just like highways remain in demand for commercial properties, airport roads also come in the same league. With an attraction of getting a different class of travelers the properties on airport roads offer lucrative returns. The same holds for PR7 Airport Road near Zirakpur where people are investing in large numbers.

The PR 7 Road is nearly 310 feet wide that makes it capable enough to handle high traffic. It is undergoing a widening of internal roads that will connect it with the main city and Chandigarh International Airport. The newly built road offers connectivity to Chandigarh, Zirakpur, Mohali, and in some time with Panchkula; this is going to be attracting investments from NRI, Punjab and Himachal residents. The commercial developments built in large numbers are currently an attractive destination for the people living nearby but will also provide an opportunity for Chandigarh residents to venture into the newly built part of the city more frequently than ever.

With Chandigarh being on the map of NRIs, the opening up of properties here has given them an option to expect bumper returns on investment. Moreover, it has fabulous connectivity to key locations, nearby tourist destinations, and quality of life make it a much-desired place to buy/invest. Moreover, investment in property is safe as the returns are guaranteed on your capital either through rental returns or investment return. In the short term, capital appreciation is expected to be anywhere around 10-12 per cent.

With Chandigarh International Airport providing operations round the clock and also introducing new international flight routes, the rentals will be good enough to make the property worth leasing. The catchment area of 1 million people guarantees a fruitful venture. The scope for retail spaces, especially those that have restaurants and entertainment zones, is the winning combination. Many international brands are showing interest to have their presence here as they see an extensive footfall of mid-segment to high-end strata across all ages. As more developers and investors are enticed to enter this upcoming business center, real estate in this area is seeing a substantial increase.

The opportunities are vivid and will open doors for new brands and stores to enter the Tricity market. It will also be providing already established brands in Chandigarh and Mohali region to multiply their presence and reach a wider consumer base. With increasing migration, the developers are coming in with a mixed bag of projects; this further increases the need for more commercial complexes. The Airport Road is providing the best model to the buyers/investors within the budget.

Currently, the area, being in a rapidly flourishing state, has just rental and possession prices. It is also in need of multiple and diverse real estate projects to meet the residents’ needs. Investing in this region promises quick and long term returns, with the added advantage of establishing a monopoly by being the pioneer real estate players.

PR 7 Airport Ring Road is changing the socio-economic situation of investors and buyers, deviating the crowd towards the periphery, and promising them easy entry and exit from Delhi, J&K and Himachal Pradesh. Market mapping for this area has clearly shown the best results for every commercial player. Therefore, investing in this location will bring prosperity to real estate investors.

Business World, News

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.

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

5 ways in which commercial and office spaces evolve in terms of designing and hygiene: Mr. Raman Gupta- Director (Branding & Construction) GBP Group

Aug 17, 2020 by Gouri Achary 0 Comments #designing and hygeine, #Mr. Raman Gupta

Commercial and office spaces form an important part of urban infrastructure. In 2019, the commercial and office segment was vibrant with spiralling demand for Grade A office and reduced vacancy levels. Also, the demand for co-working spaces remained strong. However, in the present condition, it appears that Post Covid-19 the demand for commercial spaces that can meet the enhanced sense of hygiene and safe environment will dictate the terms.

The designing of office spaces and commercial complexes will undergo a transformation as the risks associated with it might linger on. Everyone would like to get into commercial or office space which is not only spick and span but is equipped with amenities that provide safety to life. While the newer ones might have to start everything from the drawing board, the older ones would make the necessary changes to meet the standards.

Sanitization zones
For some time after the lockdown is over, the commercial or office spaces will in all likelihood go for the cubicles or areas that are designed to sanitize the people entering the complex. The need to have trained staff at the entrances, apart from just guarding the checkpoints, will become an absolute necessity. Here we are not talking about the cleaning staff, which is always there in such complexes to clean and disinfect the places.

Automated entrances
A lot of new commercial spaces do have automated entrances but this will now become a normal feature in all the complexes being designed. The virus was also spreading through human contact, therefore adoption of tech-based systems that reduce human contact in common areas will see a rise.

Spacious office spaces
To respect the minimum distance the office spaces will become more spacious. The distance factor between two seats will come into play and we might see higher prices being charged for providing such a facility. This change will specifically be in the co-working space segment where too many seats are placed in smaller areas to maximize profit. Another trend that can come in co-working space would be to have separate rooms on a floor with various seating capacity as against the trend in India where you also have an option of sitting in the common area by paying less.

Do not touch policy
The thorough cleaning and disinfection of commonly touched areas became pretty much a norm at many office spaces before the lockdown period, but it will gain more significance post-COVID 19. The commercial and office space will also implement a strict ‘Do not touch’ policy where people or the outsiders will not be allowed to touch anything inside the space.

Strict monitoring
The role of CCTV rooms will come into play with more seriousness. The staff will be trained to keep an eye not only on the cleaning staff but also on people who might get involved in touching spaces inside the complex unnecessarily.

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.