Tag: SAYA Homes

Business

SAYA Homes Unveiled the Ultimate Shopping Destination ‘SAYA PIAZZA’

Nov 15, 2021 by Rekha Nair 0 Comments #Managing Director, #Mr. Vikas Bhasin, #SAYA Homes

Noida: The SAYA Homes, a leading real estate developer of NOIDA NCR has announced an ultimate premium shopping destination, SAYA PIAZZA in sector 131 Noida. Today on Sunday, Bhoomi Poojan has been performed at the site and project details have been revealed. At launch, the company has received a huge number of enquiries from the buyers who had shown their willingness in buying the project.

Adding another feather to the Noida commercial destinations, the SAYA Homes has incorporated all premium amenities to SAYA PIAZZA. The Highstreet project is architected by the country’s leading Brij Architects and is spread over 1.72 acres in Noida sector 131 on Noida Expressway. PIAZZA will have total 300 shops with total constructed area of around two lakh square feet. As per the plan, the lower ground floor will have hyper-market, ground & first floor will have retail shops, second floor will cater entertainment section and the third floor will have dining and food court.

The SAYA PIAZZA will herald in a new age in retail therapy and entertainment, since it will serve 50,0s00 families in a catchment area that is estimated to attract more than 2 lakh visitors. The location enjoys one of the best commutation connectivity catering to the residents of NOIDA, GNOIDA and Delhi.

Speaking on this auspicious occasion, Mr Vikas Bhasin, Managing Director, SAYA Homes, said, “At SAYA Homes, we believe in setting up high customer expectations and so today have introduced SAYA PIAZZA at one of the best locations in Noida. Considering the design, amenities and connectivity we are receiving overwhelming response from the buyers. The sectors like 129 and 131 are of high potential locations for real estate projects and I am sure that SAYA PIAZZA will stand out as the new high street commercial destination in Delhi NCR.”

The Saya Group, well-known for quality-construction and timely-delivery, is providing excellent facilities offering retail shops, exquisite interiors with multiple restaurants, bars and another leisure destinations. The premium top brands will be present to meet the expanding needs of the potential customers, as well as the elaborated food-courts, acclaimed restaurants and food chains, lifestyle retail, anchor retail space and entertainment at very competitive and affordable prices.

It will provide investors with commercial space with exclusive units for outright sale and lease assistance. It will also have modern amenities such as gym, fire alarm, CCTV, 24 x 7 security, Power back, 24 hour water supply and a clubhouse. The marquee retail establishments with imposing high-ceiling up to 25 feet, as well as a hefty dose of food courts, cafes, and showrooms, will garner extra attention due to its proximity to the Noida Expressway.

Business World

Return of migrant workers to kindle revival in realty

Nov 6, 2020 by Gouri Achary 0 Comments #Dhiraj Bora, #Harvinder Singh Sikka, #migrant workers, #Mr. Vikas Bhasin, #NAREDCO-UP, #Paramount Group, #realty, #SAYA Homes, #Sikka Group

Real estate sector is the backbone of the country, impacting overall GDP and the employment ratio for a great magnitude of the labour force. As the realtors strive hard for returning to the Pre-COVID levels, the impact April-June quarter had on the sector continues to get gradually subdued. One of the significant driving factors determining this revival in realty is the return of migrant workers back to metro cities.

Mr Vikas Bhashin

 

Speaking on the same Mr. Vikas Bhasin, MD, SAYA Homes said, “The exodus of labourers who went back to their hometowns and villages in the hope of saving and earning more in the adverse times of lockdown, began changing their perception as cities began to unlock and construction sites were open for providing them job opportunities. The labourers that stayed back in the cities were made to do rotational shifts and upskilling to make up for the time lost during lockdown months and ensure timely deliveries of projects.”

Delhi NCR, being the major real estate market of North India, gets migrant labourers from the nearby states of Uttar Pradesh, Haryana, Bihar, Madhya Pradesh, Jharkhand etc.

 

Mr. Harvinder Singh Sikka, MD, Sikka Group

 

Harvinder Singh Sikka, Managing Director Sikka Group said, “Many established players in the construction and real estate began rolling out facilities and incentives to attract the migrants back to the cities such as flight tickets, insurances, better living conditions etc.”

Real estate body NAREDCO-UP also signed a memorandum of understanding with the Yogi Adityanath government on May 29 to facilitate buses for return of migrant workers. The continuation of operations in the infrastructure and real estate sector provides a significant boost to the overall development scenario in a country.

 

Dhiraj

Dhiraj Bora, Head Marketing and Communication, Paramount Group said, “NCR stands with an unsold housing stock of about two lakh units, reported a recent survey. A significant portion of it remains in the under-construction categories, and the return of labourers would bring the restored glory by kickstarting the marred construction activities due to lockdown and disrupted supply chain. Sales have started picking up during the festive season, and demand for property is consistent across the verticals of RTMI homes and under-construction projects.”

Timely deliveries of projects in the coming quarters will further strengthen the positive sentiment in the realty sector and bring back buyers and investors in greater numbers than present times.

Business World

Indian real estate sector to recover faster than expected

Sep 14, 2020 by Gouri Achary 0 Comments #Dhiraj Bora, #Harvinder Singh Sikka, #Indian real estate sector, #MD, #Paramount Group, #SAYA Homes, #Sikka Group, #Vikas Bhasin

The demand for residential property is increasing as is evident from the increasing inquiries and sales conversions over the past few months. The buyers are giving priority to housing especially the projects that have all the facilities that can keep them safer. In spite of all the darkness that sector witnessed during the lockdown, it is returning back with a bang. Besides, maximum investors got enough time to plan during the lockdown and realize the potential of real estate assets.

It is important to understand the downfall, recovery, and growth patterns of the residential segment market in the past decade. The lockdown happened just when the residential market was in demand for the two successive years and then it came to a near standstill for a few months during the lockdown. However, realtors remained in touch with the end-users after realizing the enhanced need of the people to have a property of their own. Going forward, the maximum number of end-users, as well as investors, will prefer homes that take care of the social distancing in addition to providing financial security.

End-users as well as investors are also showing readiness to pay a premium for homes that would include a wellness idea. The coming time will require constant policy support and economic stabilization so that the market remains upbeat.

Vikas Bhasin, MD, SAYA Homes, “It is good to see that customers are coming up with their queries and the demand for housing is coming in the track. Besides, to ensure the operations in a smooth manner as well as to help the customers, realtors are also coming up with various schemes and easy modes of payment methods.”

According to Harvinder Singh Sikka, Managing Director Sikka Group, “No doubt in saying that there was a financial imbalance due to national lockdown, which was necessary considering the spread of the global pandemic. But now it has been observed that there is a good query to sales conversion ratio, which is a positive sign for the sector.”

Dhiraj Bora, Head Marketing and Communication, Paramount Group said, “As per the present situation real estate sector is coming with various schemes & offers and are pushing even the fence-sitters to come forward.”

Business World

Time to invest in the realty sector

Aug 5, 2020 by Gouri Achary 0 Comments #Dhiraj Bora, #Head Marketing and Communication, #Managing Director Sikka Group, #MD, #Mr. Harvinder Singh Sikka, #Paramount Group, #SAYA Homes, #Vikas Bhasin

There is no denying that every crisis comes with some opportunities which allow us to find solutions, work for life & livelihood, and to do well. And a similar thing is with global pandemic coronavirus. Various sectors have faced the impact of this pandemic including real estate but the real estate sector has done tremendous work by using advanced technologies. With unpredictability all around, maximum people are looking for a sense of security. As per the recent reports people would like to have a physical asset during these tough times.

According to Mr. Harvinder Singh Sikka, Managing Director Sikka Group, “The impact of the lockdown on homebuyers has been positive so far. Various schemes announced by the developers, all-time low-interest rates, and subdued prices for quite some time are reasons enough to rekindle the interest of the customers. After the slew of measures taken by the government, the market was seeing an uptrend and the post-lockdown schemes have provided additional reasons to invest in real estate assets before the market goes northward. The resilience of the government towards the economy is being reflected in measures it is taking.”

Vikas Bhasin, MD, SAYA Homes said, “When the entire world is facing an uncertain scenario, the realty sector is considered as the safest investment option as it offers maximum stability. After the stock market crash, people do not want to risk their money in volatile instruments. Fixed income options are not looking very attractive even after a flurry of rate cuts. Higher returns could be expected once the economy starts recovering, which certainly makes this a perfect time for customers to invest in their dream homes.

Dhiraj Bora, Head Marketing and Communication, Paramount Group said, “We cannot say that only schemes are the lucrative factor as buyers are more aware and they weigh in a host of factors before taking a call. The market in real estate saw a dip during the lockdown but it was mostly due to the inability to physically see the property. Post-lockdown, the sector is at a stage where the buyers should get influenced by the government policies that are aimed at easing out the pressure on buyers. So it all boils down to the incentives/schemes/relaxations that a buyer is getting from the government. It is a time when the policies/incentives are in their favour. These revival signals in the economy are propelled by consumer confidence and entrepreneur optimism. The further push will come from the construction and trade sectors. It will also meet the dual objective of the present government that is industrial growth and employment creation. The government has taken a number of steps through stimulus packages to boost the real estate sector so that Indian growth story and consumer confidence can be sustained.”

Schemes are being lapped up immediately by the buyers as they were waiting for the additional benefits that they can get while buying a property. The market has improved and this will reflect in the overall performance of real estate in this quarter. For rates, I would say the market is stagnant as developers have realized that the rates are already at par with the buying capacity of the customers. The likelihood of increase is low and we can see a change of 5-10 per cent in the coming months. Due to various reasons, property prices have not increased for quite some time now and the recent prices can be termed as 35% less than what it should have been. At present, prices in the realty sector are at their bottom and rearing to pick up, making it the best time to invest in property. This time is right for investment because of beneficial home loan rates. The present market conditions are best for buying a home as the home loan interest rates are at an all-time low. A decrease in home loan interest rates post-COVID has become a big trigger for end-users to buy a home.