Tag: Surinder Singh

News

Golden Dragon Travels to Thai Pavilion, Taj Gurugram for Culinary Delight

May 10, 2024 by Sujata Muguda 0 Comments #Golden Dragon, #Royal Kitchens of Thailand, #Surinder Singh, #Taj City Centre Gurugram

New Delhi, 10th May, 2023: Taj City Centre Gurugram is bringing an extraordinary culinary experience to Gurugram with an exclusive event showcasing Master Chef Lian from Golden Dragon at Taj Coromandel Chennai to Thai Pavilion. Taking place from May 10th to May 19th, this unique collaboration combines the culinary mastery of Master Chef Lian with the renowned Thai Pavilion, recognized as one of Delhi-NCR’s celebrated dining destinations.

Master Chef Lian from Golden Dragon at Taj Coromandel Chennai

Master Chef Lian, celebrated for his mastery of Cantonese, Sichuan, Yang Zhou, and Hunan cuisine, is excited to showcase his culinary expertise at Thai Pavilion. With over two decades of culinary experience and a passion for creating exquisite dishes, Chef Lian’s creations promise to delight the taste buds of diners with their rich flavours and impeccable presentation.

Expressing his enthusiasm for the event, Chef Lian shared, “Bringing the flavours of Golden Dragon to Thai Pavilion is a unique opportunity to showcase the rich diversity of Chinese cuisine to Gurugram. I am thrilled to share my culinary creations with diners and invite them to indulge in an unforgettable dining experience.”

Surinder Singh, Area Director – Operations & GM – Taj City Centre Gurugram, echoed Chef Lian’s sentiments, stating, “We are delighted to host Master Chef Lian and welcome Golden Dragon to Thai Pavilion. This collaboration reflects our commitment to offering our guests exceptional dining experiences that celebrate the richness of culinary traditions from around the world.”

Thai Pavilion, with its opulent ambiance and meticulously crafted menu inspired by the Royal Kitchens of Thailand, provides the perfect setting for this culinary extravaganza. Guests can look forward to indulging in signature Thai dishes, expertly paired with Chef Lian’s Chinese specialties, creating a culinary fusion that is both innovative and memorable.

In addition to the exceptional dining experience, Thai Pavilion offers guests the opportunity to dine in luxurious private dining areas, providing an intimate setting for a personalized culinary journey. Whether indulging in a romantic dinner for two or celebrating a special occasion with friends and family, Thai Pavilion promises an unforgettable gastronomic experience.

Business

Housing sales up 20%, demand rises for mid segment and affordable

Sep 15, 2021 by Rekha Nair 0 Comments #Director of GLS Group, #Surinder Singh

GLS LogoGurgaon: With a boost in housing unit sales, the residential market in NCR cities seems to be recovering following the second Covid wave. Compared to the first half (H1) of 2020, the housing sales in H1 (2021) is up by 20%.

As per the latest consumer survey report by real estate consultant, Anarock, the housing sales figure in H1-2021 stood at 12,300. The report also stated that budget properties, which are priced between Rs 45-90 lakh, are most preferred now as compared to affordable housing ( Rs 1.5 crore) also increased — from 11% in the last survey during the first Covid to 13% in the latest survey after the second wave.

Surinder Singh, Director of GLS Group said,  with four affordable housing projects in Gurgaon and Sohna, the segment witnessed a double digit growth during past few years. The demand for affordable housing is going through its emanating phase, and is expected to see a turnaround in the next 10 years, he said.

“The completion of major infrastructure projects such as Sohna Elevated Road, Dwarka Expressway and existing easy accessibility via Delhi Metro and Rapid Metro will trigger the affordable housing demand in the forthcoming quarters” he said.

Business World

Gurgaon sees highest demand for affordable homes

Feb 21, 2021 by Neel Achary 0 Comments #Director of GLS Group, #real-estate sector, #Surinder Singh

Gurgaon: The real estate sector, which has been in doldrums for the past few years, is gaining momentum in Delhi-NCR with improved demand and supply in the affordable housing segment.

Gurgaon sees highest demand for affordable homes

As far as demand is concerned, affordable housing — which includes units with a price of less than Rs 45 lakh — has seen the highest preference after the pandemic hit the country, according to a survey by property consultant Anarock. Affordable houses accounted for 40% of the demand in 2020, against 31% before Covid-19 — an increase of 9%. Out of the total affordable housing demand across the country, nearly 38% was from Delhi-NCR, followed by Kolkata (21%).

In Delhi-NCR cities, Gurgaon had a share of 32% of the total demand, followed by Greater Noida (24%).

As many as 79,840 affordable units were launched in Delhi-NCR between 2018 and 2020. Out of this, nearly 50% was in the affordable segment. Last year saw a total supply of 18,540 units, out of which affordable housing comprised a share of 61%.

ANAROCK Vice-Chairman Santhosh Kumar said the supply was in sync with demand. Gurgaon has the highest supply of affordable housing — out of the 11,180 new units launched last year, 6,590 were in the affordable segment. The city is followed by Faridabad with 3,050 affordable units, and Greater Noida and Bhiwani with 900 units each. Delhi, Ghaziabad and Noida added no unit in the affordable segment. On the demand side too, Gurgaon is at the top with 32%, followed by Greater Noida (24%), Noida (18%) Delhi (12%), Ghaziabad (8%) and Faridabad (6%).

As per the latest amendment to the Affordable Housing Policy, 2013, the provision for much needed parking space has been okayed.

Surinder Singh, Director of GLS Group, said the increase in project area limit by the state government through this amendment would also lead to many reputed real estate players to come forward and develop affordable houses that have always been in demand. Another boost to the sector is the increase in the commercial area in a project, which means more margins to developers struggling with low profits.

Business World

Housing Sales Set to Rise 30% this Festive Season

Oct 22, 2020 by Gouri Achary 0 Comments #GLS Group, #real estate, #Surinder Singh

Previous year trends suggest that housing sales across top cities in the festive quarter (Oct.-Dec.) mostly saw an uptick – anywhere between 5-10% – over the preceding quarter. This is large because the festive season is considered most auspicious for property buying in India and developers also roll out various schemes and offers to fuel the fervour.

As per recent reports by real estate consultants, Delhi NCR cities expect jump between 27-31% in sales in the festive season. As many as 5,200 units were sold in Q3 2020 in NCR.

The years 2016 and 2017 were a marked contrast – festive quarter sales in these years actually reduced against the preceding quarter, mainly because of structural reforms including Demo, RERA and GST. This year, the top 7 cities can cumulatively witness a 35% jump in housing sales in the ongoing festive quarter (Oct.-Dec.) against the July to September period.

Despite spiralling COVID-19 cases in the second quarter of 2020, residential sales rose significantly. This provides sufficient reason to expect a significant increase during the upcoming festive season, which will prompt many fence-sitters to avail the best deals on offer. Developers have pulled out all the stops to attract buyers, announcing schemes for festive season – many of which result in an actual reduction in the cost of acquisition.

Director of GLS Group, Surinder Singh said “We have seen good response in our affordable housing projects in Gurgaon and Sohna. Having seen the demand increasing, we plan to launch more affordable projects in near future and offer homes to the working population of Gurgaon and adjoining cities”. He said the demand for affordable houses will increase as most of the population is looking for houses under Rs 45 lakhs.

These offers come with an expiry date – when the housing market regains enough momentum, they will be withdrawn. Most end-users will aim to use this period to their advantage. The prevailing lowest-best home loan interest rates coupled with limited-period government incentives such as reduced stamp duty and registration charges in markets like MMR have added flavours to the festive treat.

Moreover, the Q3 2020 base period saw nearly 29,520 units sold across the top 7 cities – much lower than the pre-COVID-19 quarter (Q1 2020) which saw nearly 45,200 homes sold. This effectively results in larger scope for growth. In all, housing sales are all set to rebound to 90% of the pre-COVID-19 levels (Q1 2020).