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Affordable Housing Will Drive Market Post 2nd Covid Wave

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  As India continues with its Coronavirus vaccination drive, the positive impact of the inoculation program will also be seen in the country’s real estate segment. If the improving housing affordability is any cue, India’s residential real estate sector is likely to witness better sales and supply in the January-March period of 2021, the lingering impact of the Coronavirus pandemic on the sector notwithstanding. In a report titled ‘India Real Estate Outlook – A new growth cycle’, property brokerage firm JLL India has also indicated that new housing supply in 2021 would continue to be in the affordable and mid-segment, with developers attempting to reap the benefits of strong pent-up demand. As per Elite Fore Realty, Sales Head-Mr. Lalit Choudhary:- In Gurgaon region Affordable Housing will drive the market because in luxury segment customer don’t have option in less budget. Hence the market will continue to surge once the lockdown restriction is eased. Another reason could be pe
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Affordable Housing- Home Sales Booming Post Lock down

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Delhi/NCR: In a sign that could signal the beginning of a recovery in the real estate market especially in affordable housing market and mid income segment post lock down. Affordable housing market continued to be the mainstay of demand as the contribution of this segment to the overall sales in tier 1 cities including Mumbai, Delhi-NCR, Bengaluru, Pune Hyderabad Chennai, Kolkata and Ahmedabad. New launches are driving sales in affordable segment across the Delhi-NCR. Mostly mid-income and affordable housing are leading the sales. Recently few new launches has been sold entirely in less than a month. Lower home loan rate, PMAY subsidy scheme and necessary impetus by the government to the affordable housing is playing crucial role at this juncture. As the prospective buyers stay away due to lock down/COVID, Delhi based RERA certified realtor Elite Fore Realty OPC Pvt Ltd has sold more than 80 units in affordable housing segment till date said Mr. Vikash Choudhary AGM-Sales of
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Delhi based Realtor Elite4 OPC sold 40 homes during lock down.

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As their prospective buyers stay away due to lock down, developers/realtors are banking on technology tools to woo their customers.  Elite 4 OPC Pvt Ltd a   Delhi based RERA certified Realtor  which has sold 40 homes with the help of technology/sub associates in the last quarter when lock down was announced. In the conversation had with  Mr. Vikash Choudhary SSM of Elite4 OPC has said their Sales team is more focused towards problem solving instead of being seller of a product. We train our team to solve the clients problem and understand their need before selling the product. Much before Govt announced the lock down our team was well prepared to tackle the lock down period as our management was observing the world situation about Covid-19 Now a days there are few things which is driving the sales of property which needs to be elaborated to customers. As far as we experienced the market in last few years. It has become clear that Investment in real estate is much more pr
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Forget MRP to Invest 5 Crore in Elite Fore Private Limited

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Real estate firm Elite Fore Private Limited tied up with Retail Chain operator Rocket Retail Private Limited to open their retail store “ Forget MRP” in upcoming Multi-storey Group Housing Society- Elite Homez , Delhi The retail store, with a total product of 10,000+ grocery items will attract an investment of over Rs 5 crore invested by Rocket Retail Private Limited, the company said in a statement. The Retail Chain will be ready to operational once society is occupied.
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Elite Fore Pvt Ltd to Invest 300 Cr in L Zone, Delhi

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Elite Homez a Super Luxury project by Elite Fore Private Limited. Elite Fore carry on the business of trading in Real Estate, Housing, Housing Society, Commercial, Institutional and all other kinds of infrastructure projects which is to hold the real estate for development. Elite Fore group has relentlessly pursuing the principle " An emerging leader in the Real Estate " and throughout our outstanding success of the group can be attributed to the same. As of now Elite Fore Private Limited has four major investors. I.e. Forget MRP , Al Habib Salon , Global Infrastructure Private Limited and Global Infra Prop Private Limited . Elite Fore was established in 2013 which is out of desire to demonstrate self-sufficiency & power of excellence in India. We give customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. Each Elite Fore properties development combines a 5 y
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World Class Exhibition Center in Dwarka

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The national capital is set to get a state-of-the-art convention centre on the lines of the ones in Shanghai, Hong Kong and Singapore for hosting exhibitions, trade fairs and summits of international standards. To be constructed in Dwarka’s Sector 25, three kilometers from the IGI airport in south-west Delhi, the two-phased project was approved by the Union cabinet in November while the contracts were awarded last week. Architects working on the project, billed as one of the biggest in Asia, said it is conceived as a smart, zero energy, world-class facility designed for an events like G-20 summit. The  exhibition-cum-convention centre in Dwarka  and its allied infrastructure which includes, an arena, primary structure, Delhi Metro, road connectivity, hotels and office spaces, is being constructed at an estimated cost of ₹25,703 crore. It will be completed by 2025, a statement of Union ministry of commerce and industry informing about the Cabinet decision said.
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DDA Land Pooling Policy

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Congratulations Delhi Delhi Development Authority approved the  Delhi Land Pooling policy   on the meeting conducted by the Lieutenant-Governor Anil Baijal in Delhi. Now, this Land Pooling policy attends for the final approval. The Ministry of Housing and Urban Affairs need to provide the final approval for this policy. With the help of the new scheme, the DDA will pool the parcels of land owned by the developers, individuals or builders. After this, they develop the land and return to the landowners. The modified land pooling system helps to replace the procedure of the land acquisition wherein the state government has acquired the land by providing the fixed price to the land.  Through the low price as well as the forceful acquisition complaints, this land poling system became the disliked the land parcel in the past three years. The new scheme is expected to unlock a wide range of the parcels for the cost-effective development and housing. Modified Land Pooling Policy
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