Tag: Spectrum Metro

Business

The RBI has once again opted to keep the repo rate unchanged

Feb 8, 2024 by Sujata Muguda 0 Comments #Ajendra Singh, #Ambience Group, #Amit Modi, #Ankush Kaul, #Ansal Housing, #Ashwinder R. Singh, #Axiom Landbase, #Bhartiya Urban, #CMD Gaurs Group, #County Group, #CREDAI NCR, #kushagr ansal, #Manoj Gaur, #Mohit Goel, #MRG Group, #Nayan Raheja, #Omaxe Group, #Pawan Sharma, #Pradeep Aggarwal, #Raheja Developers, #Rajesh K Saraf, #Rajjath Goel, #Sanchit Bhutani, #Sanjay Sharma, #Saya Group, #Signature Global (India) Ltd, #SKA Group, #Spectrum Metro, #Trisol Red, #Vikas Bhasin

The outcomes of the Reserve Bank of India’s (RBI) meeting have been announced by Governor Shaktikanta Das, confirming that there have been no changes to the repo rate, which remains steady at 6.5 percent. As a result, there will be no increase in loan EMIs. The real estate sector has welcomed this decision favorably.

Manoj Gaur, President CREDAI NCR and CMD Gaurs Group

Excellent decision by RBI. For the last one year, RBI has kept the repo rate unchanged at 6.5%. The real estate sector continues to exhibit a steady demand, the commercial segment is doing exceptionally well, and the country’s economy is growing from strength to strength. The residential segment will maintain the trajectory it took last year. I am sure that the sector will continue to show buoyancy as in the past quarters across the country.

Amit Modi, Director County Group

Once again, RBI has not made any changes in the repo rate, which is undeniably beneficial for the real estate sector. This will particularly uplift the morale of home buyers and investors. It clearly indicates that the country’s economy is consistently performing well.

Mohit Goel, Managing Director Omaxe Group

The RBI’s decision to maintain the repo rate at 6.5% aligns with its consistent approach and is welcomed. With a robust economy, high GDP growth, buoyant Sensex, stable crude oil prices, and easing inflation, the real estate sector is poised to sustain its strong performance in 2024. RBI’s decision aligns well with the country’s economic performance and signals stability, crucial for the ongoing realty sector’s robust growth.

Ashwinder R. Singh, Co-Chairman, CII, NR Committee for Real Estate, CEO Residential at Bhartiya Urban

With policy rates unchanged @6.50% and the RBI MPC’s commitment towards stable lending rates bodes well for India’s real estate sector, particularly in terms of home sales and home loans. With steady rates, prospective homebuyers can approach the market with confidence, driving increased demand for residential properties and facilitating easier access to home financing. This positive environment fosters growth and opportunity within the housing market, benefitting both buyers and developers alike.”

Nayan Raheja, Raheja Developers

The realty sector welcomes the RBI’s decision to hold the repo rate. This move will foster stability and bolster confidence among stakeholders, including home buyers and investors. However, the repo rate at 6.5% remains at a 4-year high, and a rollback would have boosted the affordable housing segment.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

As expected, the RBI kept rates on hold. The prolonged pause, for the sixth time, since February 2023, is aimed at keeping inflation in check without hurting the economic growth momentum. With the reduction in policy rates would have been the best scenario for interest-sensitive sectors like the real estate sector, policy continuity is the next best outcome for both borrowers and developers alike. The decision allows homebuyers to make informed choices, which is expected to result in enhanced demand across all housing segments in line with the country’s overall economic progress.

Kushagr Ansal, Director Ansal Housing

The RBI’s decision to uphold the current repo rate is greeted with approval. While the real estate sector hoped for a slight reduction, this decision underscores stability. It is poised to enhance confidence among developers and homebuyers, providing clearer long-term financial commitments and EMIs.

Rajjath Goel, Managing Director of MRG Group, comments on

The RBI’s decision to sustain the repo rate at 6.5% for one more consecutive time, anticipating a positive surge in the housing market. Despite the rising housing costs, the unchanged home loan rates offer a semblance of relief to homebuyers. Consequently, both buyers and developers stand to benefit from stable interest rates, fostering increased consumer confidence and investment in the sector. The RBI’s decision is expected to bolster new launches and the expansion of projects in emerging hotspots.

Ankush Kaul, chief business officer – Ambience Group

“A commendable decision by RBI. It has been one year since the RBI decided to hit the pause button and keep the repo rate at 6.5%. It is expected to stimulate growth and boost the realty sector, providing a fillip to the premium housing and commercial segments. This decision presents the picture of the country’s resilient economy.

Sanchit Bhutani, MD of Group 108

This move is seen as a positive development, anticipated to stimulate growth in the real estate sector. The decision is expected to provide relief to the middle-income group, as they won’t have to bear the burden of higher interest rates on home loans. Additionally, there is a prediction that both commercial and residential property sales will experience an upswing. The Reserve Bank of India’s choice to maintain the repo rate reflects growing confidence in the sector.”

Rajesh K Saraf, Axiom Landbase, Managing Director, Axiom Landbase

The RBI’s decision to maintain the repo rate at 6.5% brings positive implications for the Indian housing and home loan sector. With interest rates remaining steady, prospective homebuyers can benefit from a favorable lending environment. This consistent stance instills confidence in the market’s reliability.

Pawan Sharma, Managing Director Trisol Red, comments that

The decision not to increase the repo rate is once again good news for the real estate sector. The fact that the repo rate has not increased in the past year has proven beneficial for the real estate sector in every aspect. This is undoubtedly excellent relief news for both home buyers and investors. Indeed, this will further benefit the market.

Sanjay Sharma, the Director of SKA Group

He emphasized that any hike in interest rates could adversely affect the real estate sector. The decision not to increase interest rates is expected to boost investor confidence and contribute to a rise in demand for residential properties.

Vikas Bhasin, Chairman & Managing Director, Saya Group

The RBI’s decision to keep the repo rate steady provides optimism to the real estate sector. This move underscores both macro and microeconomic stability, fueling year-end housing sales and bolstering the sector’s growth trajectory for 2024. It showcases the resilience of the country’s economy, poised to spur growth, particularly in premium housing and commercial segments.

Ajendra Singh, Vice-President (Sales & Marketing) Spectrum Metro

Not making changes in the repo rate signifies that the Indian Economy is strong. Compared to the Global Economy, India’s economic situation is better. The steps taken by the RBI are beneficial for the commercial and residential real estate sector in every aspect. We hope that this entire year will prove to be suitable for investors.

Business World, News

Strong demand for high streets in Tier I and II cities

May 21, 2021 by Rekha Nair 0 Comments #Project Head, #Sagar Saxena, #Spectrum Metro

National | The Indian retail market has evolved from Weekly Bazaars’ to the sophisticated high street. As a result, multinational brands have begun to enter the Indian market to expand in the future.

Changing lifestyles, increasing urbanization, and allowing 100 per cent FDI in retail, among other things, are driving the rise of India’s high street. The rise has also been attributed to increased investor interest in the region. With fewer open spaces in the city, high streets are increasingly being used as a meeting point for friends and family to meet, greet, and have fun.

According to a CBRE report, high-street marketplaces are home to more than 60% of eateries in Delhi-NCR, Mumbai, and Bengaluru. Due to the increased demand, developers are providing customers with a diverse selection of high streets. “One of the most important criteria that determine high street’s success is the location. High visibility and road access are two of the most critical requirements for a high street,” says Sagar Saxena, Project Head, Spectrum Metro.

High streets are preferred over malls because they provide better rental returns, so retailers are putting money into high streets. Mall rentals contain add-ons like Common Area Maintenance fees, parking fees, and other fees, making food a pricey proposition. “There are various touchpoints in malls such as elevators, parking, and other shared areas. However, single entry shops on high streets allow retailers to take an independent call on hygienic protocols such as hand sanitization, temperature checks, and visitor registration while at the same time limiting the touchpoints,” says Sagar Saxena.

Mall decision-making frequently necessitates the collaboration of multiple retailers to implement any policy; this can lead to a lengthy decision-making process. “Strata ownership on high streets allows for one-on-one relationships between owners and tenants, which facilitates negotiations and allows for quicker decisions,” adds Sagar.

Customers prefer high streets to malls because the former saves them time and money. Consumers are no longer looking for the movie-shopping-dining-out experience, preferring instead to shop at retail outlets for their essential purchases. High streets enable this option smoothly. In addition, in high streets, the brand experience, and the store experience, can be better tapped. “The demand for high streets is good in Tier I and II cities. The NCR’s Noida and Ghaziabad have become a high-street retail hotspot, with many developers constructing projects there. The rising demand is due to the region’s excellent connectivity and infrastructure. The Eastern Peripheral Expressway, in addition to the metro rail network, connects the areas to major highways,” says Saxena.

Business World, News

Spectrum Metro hosts 2 day Downtown Franchise Show with 1000+ investors

Mar 9, 2021 by Rekha Nair 0 Comments #Mr. Sagar Saxena, #Project Head, #Spectrum Metro

Spectrum Metro, upcoming futuristic retail project in Sector75, Noida hosted a 2 day Franchisor-Investor Meet in their lower ground floor area. The event was attended by around 1000+ investors and 150+ franchisors from reputed retail, food and lifestyle brands like Biba, Reliance Trends, Max Fashion Store, Vagad Khadi, Karim, Coffee Point, ColorBar etc. The purpose of the event was to bring franchise partners and investors under one roof to invite investment and interest for the project of Spectrum Metro.

The Meet was followed by a Talk show which had eminent personalities from retail industry like Mr. Vivek Sharma, Max Fashion Store, Mr.Sourabh Singhal, Food Forum of India , Mr.Mahendra Bhadouria, Biba , Mr. Gaurav Marya, Franchise India, Mr. Jay Yadav, New U, Mr. Aaradhya Khanna, Gem Selections and Mr. Manoj Ray, Promoter, Spectrum Mall discussing the innovations, new standards in retail outlook and the changing paradigm of business.

3,00,000 sq.ft of area has already been leased out in the project which comprises of around 150+ shops by anchor brands like Max, Haldiram, Reliance Trends & Digital, DIY, Looks, Sagar Ratna, Nazeer Foods, Jockey, Himalaya Opticals It recently became the only commercial project in Noida to get its registry, for the 6 lakh sq.ft of ready commercial space. This franchisor –investor meet was hosted to accelerate the process to lease out remaining 3 lac sq. ft of commercial space

Mr. Sagar Saxena, Project Head, Spectrum Metro elaborating upon the scope of high street commercial projects in future said, “High streets are evolving as places where people meet, greet, and have fun as space becomes scarce. In terms of the concept’s acceptability, investors are showing an interest in it, owing to the interest of international brands in the concept. Customers prefer shopping on the high street because they have a great retail experience here. In Tier 1 and 2 towns, there is a lot of demand. Because of better connectivity via metro rail, an excellent road network, and a booming residential sector, Noida is quickly becoming the hub of high streets,”

Business World

Investment upsurge in NCR Commercial segment

Mar 2, 2021 by Neel Achary 0 Comments #Mr. Sagar Saxena, #Project Head, #Spectrum Metro

By Mr. Sagar Saxena, Project Head, Spectrum Metro

The commercial segment has been the need for economic growth and development, and will remain so in coming years as well. The time of lockdown witnessed this sector got hit badly as no commercial activity was taking place. However, this sector, including retail, is recovering faster as people get back to work to keep the wheel of fortune rolling. The sale of commercial properties during the lockdown was an indication that investors and buyers realize the crucial part this sector plays in the well-being of people and the country.

At present, the commercial segment is staring at the increased investment by the NRIs in the present situation arising out of COVID 19. The investment opportunities for the NRIs are now much more flexible because of the depreciation of the rupee. The investors with a knack to invest in real estate diverted their attention towards commercial real estate because it gives them better yield and appreciation; this is why commercial realty attracted the maximum private equity investments in the previous year, totalling nearly USD 3 billion in the first three quarters. Commercial realty includes industrial, retail, and frontier segments such as co-living, will continue to do well because of the good returns in the short and long-term.

A relatively new concept in the commercial segment, which foresees a bright future, is High Street. When everyone is inclined towards the mall concept, the high street brings with itself the old-world charm wrapped in novelty for people’s convenience. The intention is to get the concept that the people already were aware of and grew up seeing. Both high street retail and shopping malls have their utilities and set of dedicated patrons. Elevating urbanization has led to the growth of high street retail. With constraining spaces, high streets are emerging as the places where people meet, greet, and have fun. Looking at the acceptability and popularity of the concept, investors too are showing interest towards it, resulting from foreign brands’ interest in this concept. High streets are considered better than malls as they yield a better rental income and returns. Customers prefer the high street as they get a better brand and in-store experience. The demand is high in Tier 1 and 2 cities. In fact, Noida is becoming the hub of high streets because of better connectivity through metro rail, an excellent road network, and a vibrant residential market.

The segment has been performing exceedingly well riding on the innovative investment options it has come out with. One such option is the investment in pre-leased properties, which is turning out to be a popular form in Noida as the buyer is assured of a settled ROI. The property owners have the advantage of earning a pre-settled rental income and the capital gain on the property that is purchased. Today, both foreign and national investors, UHNIs and HNIs, actively invest in this asset. The most important aspect of investing in commercial property is the location assessment. The proximity to the metro and residential projects promises immense success.

Business World

Noida- Commercial realty hotspot with varied growth opportunities

Nov 20, 2020 by Gouri Achary 0 Comments #realty, #Sagar Saxena, #Spectrum Metro

The past decades have observed Indian economy taking a big jump which triggered a rippling growth effect in other sectors as well. Commercial real estate is one of those sectors that have been directly influenced. Though the growth pattern is visible throughout the country, the satellite city of Noida offers wonderful opportunities for investors looking to capitalize favourable market opportunities present.

Speaking on the same Sagar Saxena, Project Head, Spectrum Metro said, “The rise in the number of start-ups and entrepreneurs has resulted in an increased demand for retail shops, office spaces, serviced apartments and other commercial avenues. For the Delhi-NCR property market, Noida holds attractive characteristics such as affordability and growth-orientations due to the presence of other industries in proximity.”

In recent times, infrastructure development has been happening at a rapid pace in the region. From the renowned Yamuna Expressway, Noida Metro Line bringing connectivity to extended regions of Noida Extension and the capital, there are lots of projects that are known to fuel the development of the region to a large extent. Once the most overlooked part of NCR, Noida is all set to become the favourite commercial real estate destination among investors.

Affordable rates in the residential and commercial segment have become the need of the hour, investors are always seeking to get amazing returns on their investment. Fortunately, Noida has all elements of affordability in just the right proportion. In comparison to its counterparts like Gurugram and Faridabad, Noida is known to exhibit easy affordability of commercial properties in the region. From high-end to budget commercial spaces, there is an abundant variety for everyone.

The readily available manpower at reasonable costs makes Noida a favourable destination. The city is known to have many textile factories that rely heavily on raw manpower. Both skilled and unskilled human resources are available in the region that makes it a preferable hotspot.

Noida is seamlessly connected to Delhi via rail and road network. Prime locations of Delhi, such as Connaught Place, Nehru Place, Chandni Chowk and Laxmi Nagar are only a few minutes’ drive from here. Strategically built Noida-Greater Noida Expressway has made commuting easier from the sectors situated on the expressway and in Greater Noida. In addition, travellers from any corner of Delhi, Vaishali and Anand Vihar can reach here without a hassle via metro. Jewar International Airport and Film City development announcements have further captivated attention from global investors. Conclusively, it can be rightly said that Noida is all set to write a new growth story for the entire real estate market of the NCR region.