New Delhi, India (PressExposure) June 26, 2009 -- Nearly a year after the demand slowdown, the property market sentiments seem to be improving, according to the real estate companies. Builders across the market segment are claiming that the last two months have witnessed an increase in bookings and interest, ending months of anxiety on cash flows that had led to project delays, and left customers fuming. Real estate developers, who were battling tight liquidity in the past few quarters, are breathing easier with banks now more inclined to lend.
Property developers in Delhi/NCR are now increasingly looking to create housing stock for middle-income users. Real estate builders realises that demand is a lot more stable in the lower income groups than the higher income groups. These groups have their own income-expenditure dynamics that is not fully exposed to the vagaries of the increasingly globalised Indian economy. Demand for homes in India has slumped almost half from a year ago after prices more than doubled and the central bank hiked interest rates to calm inflation. But fortunately from the past few months Realtors seems optimistic, however, feel that the general sentiments are lifting.
Earlier this week, one realty firm- Saviour Builders - said they received "overwhelming" response to their affordable luxury housing project, GREENISLE in Delhi /NCR .The Director, Mr. Sanjay Rastogi, said " The real estate sector is gradually picking up and the smart customers has already booked their flats reason being the price will definitely go up. As per our analysis 1000 apartments were booked within 24-hours in this month."
Saviour Builders, a company actively involved in Land acquisition and Land consolidation in India for over one decade unveils their sample flat in Crossings Republik, NH-24, Ghaziabad. The project is spread over 6 acres and promises to be India's best ever green real estate project till date.
What customer has to say for the fascinating Sample flat? One of the customers say "My wife and me just came here to see the sample flats of various builders but the most splendid sample flat is of Saviour's. It is not only grand but its two sides view corner makes it more admirable and appealing. We booked one flat on the spot and got 15% flat discount. It's amazing."
Mr. Rastogi further said "It's not what you make that sells in the market, but it's about making what the market actually wants this is exactly what we are doing. And similar sentiments are being echoed in other parts of the country as well further Mr. Sodhi, Chairman Saviour Builders adds "Yes, things are improving. While it is still difficult to gauge the medium-term outlook, the elections and the clear mandate coupled with some improved buying sentiments have resulted in a flow of bookings. Customers in smaller markets, who need a house for their own requirements, are willing to take the plunge."
After completing many successful real estate projects, Saviour Group, a NCR based popular real estate developer has now come up with another record breaking achievement in India's most advance township namely Crossings Republik. Company now announces another concept of high standard of living while keeping affordability in mind. Saviour Builder's new project GREENISLE spread over an area of six acres is the new age city housing. Real estate developer Saviour Builders plans to invest crores of rupees to construct this splendid housing.
Saviour builder's luxurious sample flat is very attractive and gives an idea of its stunning looks and appealing presence. The apartment will look magnificent once it is built. Greenisle is sufficed with all basic amenities as well as value added conveniences like supply of Gas Pipelines, full air conditioning and many more. The flats comprises of all the luxuries one can think of and are still very affordable and within the reach of common man. In order to maintain quality Company follows several international standards. Greenisle is aptly located at NH-24 ABES Engineering college is situated right next to Greenisle. Greenisle is situated in the centralized location of Crossings Republik closest to NH-24, closest to roundabout and 23 shops, adjacent to city square mall. Greenisle is far from darkness, dumpiness and leakage. It consists of 2/3/4 bedroom apartments of 1250sq. ft., 1600sq. ft. and 1800 sq. ft. respectively with 2 side viewing space. The price tag for 2/3/4 bedroom apartments is 25, 32 and 36 lakhs respectively. Every floor consists of four flats so every flat is a corner flat with proper sunshine and ventilation. Moreover Saviour Builders believe in safe apartments as they are up to mark on every safety measure, they are building their apartments on R5 zone (Richter scale 5), while the security measure kept in other buildings are on R 4 scale.
High rise tower is easy to build but one has to follow the govt. norms like Saviour Builders are incorporating imported UPVC (Unplastic Polyvinyl chloride) material from Turkey instead of aluminium glazing which is especially used for high rise buildings to avoid shivering windows at times when the Ac is on. Saviour has followed all the govt. norms as of now in Crossings Republik. This is not the only reason customer wants to buy Greenisle flats. Greenisle is situated in Sec-2, Crossings Republik, Ghaziabad with only 4000 flats and only by the four renowned builders in real estate market, making it a better world then other sectors. As sec-6 have 22 builders in total with more flats resulting in more congestion and suffocation in the region.
It is carefully observed that this upcoming Project called Greenisle at the National Highway has indeed created buzz in the entire Crossings. It seems that the project is taking a very innovative twist as far as the lifestyle of the people is concerned. Greenisle has become a synonym to style, class and innovation. It has all the modern standards that one can think of.
According to Mr. Rastogi, -Director Saviour Group "The luxuries and the lifestyle provided at Greenisle have taken a different turn altogether by bringing together best of all the worlds standards. Being one of the builders at Crossings Republik surely make us feel a part of the global boom which has already struck the Indian Market."
Saviour Group, a young and contemporary real estate industry runs with an aim of creating milestones in times to come. This 8 years old company was set up by very dynamic Mr. Sanjay Rastogi and Mr. Iqbal Singh Sodhi. His endeavors have immensely taken the company to impeccable heights. This young and vibrant company has many projects under its aegis like SPS Residency, SPS Heights, Euro Apartments, SPS commercial, etc...... Saviour Group has undertaken many high worth projects which indeed reflects the company's financial worth and perseverance. And its upcoming projects are bound to create milestones in times to come owing to its international standards and modern lifestyle.