UNDERSTANDS THE EMINENCE - New Residential · PDF fileusers find Noida, Yamuna Expressway, New...

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COVER STORY I n the past few months, the real estate market has seen a steady decline. Even though, the capital is credited to be one of the country’s most robust markets, there has been has been a slight drop in the total number of project launches in the Delhi and NCR region. In fact, more so in the luxury residential category, when compared to the mid-segment housing category. According to the latest report by consultant firm Cushman and Wakefield, the residential property market of the Delhi-NCR region has reported an 8 percent drop in the first half of this year. The reasons are varied, the slump in the economy, the increase in property prices, delay in approval and delivery of projects. Construction cost and liquidity crunch also has a negative impact on new launches. A recent report indicated that while the mid-segment and budget categories also suffered, new project launches in the luxury segment were the worst affected. Many residential projects are now available at a comparatively lower rate than before. More and more developers are launching affordable projects. OF NATURE GꝃD AHITECTURE DETANDS E EMINENCE 30 PROPERTY FOR SALE MAGAZINE MAGAZINE PROPERTY FOR SALE 31

Transcript of UNDERSTANDS THE EMINENCE - New Residential · PDF fileusers find Noida, Yamuna Expressway, New...

COVER STORY

In the past few months, the real estate market has seen a steady decline. Even though, the capital is credited to be one of the country’s most robust markets, there has been has been a slight drop in the total

number of project launches in the Delhi and NCR region. In fact, more so in the luxury residential category, when compared to the mid-segment housing category. According to the latest report by consultant firm Cushman and Wakefield, the residential property market of the Delhi-NCR region has reported an 8 percent drop in the first half of this year. The reasons are varied, the slump in the economy, the increase in property prices, delay in approval and delivery of projects. Construction cost and liquidity crunch also has a negative impact on new launches.

A recent report indicated that while the mid-segment and budget categories also suffered, new project launches in the luxury segment were the worst affected. Many residential projects are now available at a comparatively lower rate than before. More and more developers are launching affordable projects.

OF NATURE

GOODARCHITECTUREUNDERSTANDS THE

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Inspite of these statistics, the Delhi-NCR stretch is a favourite among both investors and property consultants and though new lauches were limited to a few pocket areas. Due to better physical, social and economic infrastructure support,investors and end-users find Noida, Yamuna Expressway, New Gurgaon, Sohna Road and Noida Extension more lucrative.

For many city dwellers, owning a home is always a distant dream. Unaffordable real estate prices compel them to stay in rented properties instead. However, several developers are making effort to turn dreams into a reality.

Until recently, developers were more focused on offering solutions in the premium and upper-mid range segments, since they expected high demand in this space. However, there has instead been a visible shift in demand from big ticket purchases, to budget friendly purchases. Reports suggest that the launch of affordable housing projects

has doubled in the first half of 2016-17. far ahead of other segments In fact, according to Anuj Puri Chairman & Country Head, JLL India, not only are prices down in most cities, but developers have also introduced schemes and incentives to make deals more lucrative.Affordable housing is better suited for end use, than it is for investment and thus more and more developers are jumping on to the affordable or mid price bandwagon. One such developer is the Saha Group.

Saha Group has been leveraging its rich experience of almost three decades by launching projects which feature top of the line amenities and state of the art designs. Keeping their portfolio only towards the premium residential market they have always catered to the luxury or mid-luxury market. With building like Saha Meghdutam at Sector 50, they are know for making one of the best luxury properties of Noida.

But understanding the market dynamics & public interest Saha for the first time has

COVER STORY

Saha Group has been leveraging its rich experience of almost three decades by launching projects which feature top of the line amenities and state of the art designs. Keeping their portfolio only towards the premium residential market they have always catered to the luxury or mid-luxury market.

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A POSITIVE PUSH

introduced a Mid Segment Budget Property, starting at 51 Lacs called "SAHA Eminence" in Sector 150 Noida, launching March 2017, this property would be their first offering in such a small price bracket in almost 3 decades.

Now most people will fail to understand how a 51 Lacs apartment is considered as budget. The thing is that Saha group is Credited as one of the oldest and the most respectable groups of the sector, the name is synonymous with superior designs, global concepts and state of art engineering, and whatever you do, for a premium developer, even budget properties have to be properly built and structured to give the customer

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A POSITIVE PUSH

the perfect living environment. For example, It is like Mercedes is Offering for the first time in india its hatchback "A-Class". Even their smallest offering is 3 times more expensive than the smallest offering of any other car maker. Reason is simple - Quality.

Saha Group is most respected and know as a responsible developer just because of their Building Quality & Timely Delivery. Taking the motto of making the planet greener seriously, Saha Group is also making inroads towards sustainable development. The company is relentlessly working towards a more sustainable ecosystem while providing luxurious cost effective residences. The projects are distinctive due to the perfect blend of luxury and sustainable development.

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Over the years, the real estate major has built many prominent residential townships in Noida. Guided by passion for adapting the latest and the best practices which reduce environmental impact, the Saha Group is a cut above the rest with its well planned and brilliantly executed projects. In fact, the group ensures that a single project is delivered with out any delay before starting work on any other projects. The aim is to deliver projects of superlative value, way beyond accepted industry benchmarks, and way ahead of customer expectations. What sets them apart from the rest is minute attention to detail, meticulous planning and timely delivery.

The chairperson, Mr. Aniel Kuumar Saha is himself an architect which explains the exemplary design element of all the projects. He is also the name behind Noida’s ace project ATS VILLAGE. Under his able leadership, Aniel K Saha, the CMD, Saha Group has successful delivered various projects in Noida which have given

customers great returns. He has contributed to putting the company on a continuous growth trajectory and making all dealing and transaction fair an transparent. His aim is to keep the business more structured and streamline the processes. In fact, with RERA being implemented, most developers are focusing on transparency & Saha being able to adapt to increasing demands with his vast experience in real estate make him poised to lead the group from strength to strength.

Mr Aniel K. Saha is driven by passion to create not just brick and mortar structures but masterpieces of aesthetic brilliance which are also a wonderful investment for the buyers.

Taking the legacy of the growth, forward, his son, Aunirban Saha combines the old and the new, he has the enthusiasm of youth, tempered by a wealth of academic wisdom and hands-on experience. His enviable academic qualifications and extensive

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He is a keen follower of the global real estate developments across the world and will be responsible for implementation of all aspects of sustainability across all SAHA projects. No wonder, these projects have green ratings and certifications.

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global exposure make him receptive to the latest innovations in technology.

He is a keen follower of the global real estate developments across the world and will be responsible for implementation of all aspects of sustainability across all SAHA projects. No wonder, these projects have green ratings and certifications.

Untiring quest for growth and the urge to modernise the development norms and streamline process drives the group to take on new challenges. SAHA Group has created masterpieces which are not only sustainable but luxurious residential projects offer avant garde address with world class facilities

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while the commercial space offer ergonomic designs with optimum space utilisation.

The most important thing is that the company is committed to creating better public spaces and modernising redundant development norms. Even their latest project eminence offers an ideal meeting point of luxury and construction with the entire portfolio of environment friendly luxe budget homes . They are known for a seamless blend of eco-friendly design & luxury.

Why is it so, Aunirban Saha quotes "In the sea of unplanned projects and endless delays, the core philosophy of sustainable envelopment and practices speaks for itself. Our group has various Ongoing Projects like Amadeus, Meghdutam Encore, Aurelius, Panchvati and the completed projects, Meghdutam Residences & Meghdutam Penthouses & Most of our projects have given high returns to

customers & its only because they meet the needs of the present without compromising the requirements of generations to come. In fact, Saha Meghtduta in sector 50 , the tallest residential tower offers world class luxury residences, in a truly avant-garde neighbourhood .

It was one of the first of the projects of that scale to be delivered in a time span of less than 3 years and has emerged as one of the hottest residential address in a short span of 2 years. The prices have more than tripled from 4100/sq feet to 12,600 per sq ft and the project has been has been fetching great returns for buyers and all this isn't just because the apartment are luxurious, but the whole community being perfectly built. The complete projects and its open spaces, common areas, club areas, gyms, swimming pools, everything in totality speaks and generates good quality of living and good

It was one of the first of the projects of that scale to be delivered in a time span of less than 3 years and has emerged as one of the hottest residential address in a short span of 2 years.

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returns. Making a house beautiful on the inside is very easy, but making the whole environment beautiful is difficult but that's what we are known for best."

So "Eminence" sector 150, is hence forth a very eagerly awaited project, it is the first affordable project from their kitty & It has created created a lot of buzz. Tucked away in Noida expressway ,the project blends functionality and luxury that too in cost effective means. The project offers 480 dwelling units and has 1300 sq. ft., 1825 sq. ft. and 2250 sq. ft. apartments and lucrative price points staring at just 51 lacs. A residential marvel which is strategically located, it is most likely to emerge as one of the most happening spot for residents in Noida.

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