Elite Landbase

The new government with a larger mandate augurs well for the economy. The reformatory changes done by it like Demonetization, RERA and GST in its last term did slow down the NCR market in 2016, 2017, but since then the market has picked up. These legislation has however reshaped the dynamics of the real estate market in Gurugram.   With these reforms in place, the developer has greater accountability to the buyers in terms of timely delivery of the project. The step has further enhanced the confidence of the homebuyers and made them positive about making an investment in residential and commercial properties in Gurugram. Gurugram is one of the fastest growing realty hubs in the entire National Capital Region. There will be an upsurge in the requirement in the commercial real estate segment as there would be an increase in the grade ‘A’ office spaces for startups, co-working places, and e-commerce. The upcoming new projects are focused on providing clean and efficien...

We live in a world where the air is polluted, our natural resources are fast depleting and the threat of climate change is no longer just a warning but a stark reality. However, what is encouraging is that there is also an increasing awareness of the situation across the globe, and home buyers and investors in commercial properties are looking for energy efficient and environment-friendly structures. Shift towards “Green Buildings” is the only way ahead, with participation and contribution from all stakeholders towards making a sustainable future. A Green Building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier space for occupants as compared to conventional buildings. It also complements the building design concerns of economy, utility, durability, and comfort. Green building involves the practice of using environment friendly and energy efficient processes and technologies throughout t...

Around 80% of the world’s population suffers a severe threat to its water security. 783 million people do not have access to clean and safe water worldwide out of which, 19% of world’s people without access to clean water live in India. Come summer and hue and cry above water availability becomes breaking news in Gurgaon. People become highly dependent on water tankers and illegal bore wells, exploiting groundwater tables that are already depleting at an alarming rate in the city.  Further, the effects of climate change on water availability has become more apparent in recent years. The rising mercury level and the water scarcity compound the hardship faced by Gurgaon citizenry. The city is growing by leaps and bounds and with fast pace urbanization, the importance of water as a scarce resource is gaining a strong foothold not only in the residential spaces but also in the commercial setups.  Founder, Elite Landbase , Navdeep JP Sardana says, “Water being a natural re...

Investor confidence rises in the realty sector in India as they pump in a record $2.5 billion or Rs 17,600 crore in the first quarter of year 2019. This is recorded as one of the highest first quarter inflows since 2008. The upward movement is supported by the regulatory changes in the sector like RERA, GST and Demonetization and the launch of the first ever REIT (Real Estate Investment Trust) in India, which has given an unprecedented boost to the investors’ confidence in the market. The first REIT listing, during the quarter (Jan-March 2019), by Blackstone-backed Embassy Office parks to raise Rs 4750 crore was well received with an over subscription of 2.57 times. This has opened doors for the retail investors to invest in the real estate. REITs are like mutual funds for the real estate sector. They collect funds from investors and put the money into real estate. The returns they earn from rental income and sale of property is distributed as dividends to investors. So ret...

When you think of a lifestyle upgrade, what is the one thing that tops your wish list? For most of us, the answer will be – a luxury home! Nothing like a luxury home can present the way of life that you lead. The next question that arises in the context is, what exactly defines a luxury home ? One man’s simple residence can be another man’s villa, and vice versa. Your perspective has as much to do with the definition as does the opulence, location, architectural significance or other related factors of a particular property. Talking about High-End Luxury Properties in The Millennium City – Gurugram (earlier known as Gurgaon), one can look forward to the maximum number of options offering everything that can be possibly thought of. Gurgaon is sort of a dream destination with a number of high-rise and top-of-the-line luxury residential projects . The real estate sector in Gurgaon has reached such a niche which seemed impossible a few years back. The residential projects in Gurga...