Page 32 - Construction & Architecture Update JAN-FEB 2018

COVER STORY REAL ESTATE

Gulshan Homz, another realty major whose continuous Noida and a lot many families have already accepted the
focus has been on quality construction and possessions offer of possession and started to move in the project.
ever since its inception has handed out over 700 units of Speaking on which, Piyush Sharma, Senior Vice President,
residential and commercial units across two its projects Sikka Group said, “Our focus has always been to deliver
Gulshan Vivante and Gulshan Ikebana, both of which are on whatever we promise to our customers. The regulatory
situated along the Noida Expressway. The majority of this bill (RERA), has been able to arrest the uncertainty in
number has been delivered in Gulshan Ikebana which is the real estate sector, vis a vis the investors and end
set to witness another 739 deliveries in 2018 along with users. Once the confidence sets in completely with RERA
over 30 premium units in Gulshan Ikebana is set to take the already implemented, the market is bound to grow at a
total deliveries by the organisation to approximately 1450 steady pace. But, apart from everything else, the one thing
units by the end of next year. that will infuse buyer sentiments in the sector will be of
timely deliveries.”

Sikka Group, which has multiple projects ongoing in the
NCR region along with few in Moradabad and Dehradun Another prominent name from Indian
has recently received the OC for approximately 690 units realty, Pacific Group, which has been primarily into
in its project Sikka Karmic Greens located in sector – 78 commercial developments in Delhi/NCR and Dehradun has
delivered over 6.70 lakh sq. ft. of residential space across
comprising of 385 units this year in its premier project
“Indian real estate sector will shape up in a different Pacific Golf Estate located in Dehradun and plans to deliver

manner now. The housing demand in particular, over 7.80 lakh sq. ft. through 496 units in the second half
will catch up momentum which will allow better of this project by the end of 2018. In its other project in
Dehradun by the name of Pacific Hills, the company has
performance of the sector. Possessions are the delivered approximately 50,000 sq. ft. of residential space
hot cakes in the sector today and history of a this year and would be delivering another 1.00 lakh sq.
developer in the near future would be judged on the ft. by next year end. Sharing his views, Abhishek Bansal,
Executive Director, Pacific Group says, “Indian real estate
possessions they have offered.” sector will shape up in a different manner now. The housing
demand in particular, will catch up momentum which will
allow better performance of the sector. Possessions are the
hot cakes in the sector today and history of a developer in
the near future would be judged on the possessions they
have offered.”

Gaurs Group, a name which speaks of deliveries in
itself and with a history of delivering over 14000 units
in a single year has also delivered over 1350 units across
two of its projects Gaur City and Gaur Saundaryam, both
in Greater Noida West. Speaking on which, Manoj Gaur,
Vice President CREDAI-National & MD, Gaurs Group says,
“Every customer who puts in their hard earned money by
investing in real estate hopes to get the keys as soon as
possible. Various barriers were visible in the development
of NCR property market that have been now removed
which will allow the developers to construct hassle-free
and deliver projects tension-free. The customers will have
an even better time as their long wait will yield them the
much awaited results.”

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