Possessions: The new driving force of Indian realty

The year 2017 turned out to be one where the Indian realty witnessed a lot of facelift and a major part of it being in the form of possessions. This year has witnessed the trend of real estate shifting from project launches to possessions and to such an extent that the total project launches in the year fell by almost 40% which is a big number.

The current trend of the market is such where the success of any real estate developer is measured in the terms of the possessions they have offered to their buyers till date. The year also saw the concentrated efforts of the various state governments and concerned development authorities towards enabling developers to deliver projects to their rightful owners.

2 bhk flats in vasundhara ghaziabad
2/3 bhk flats in Vasundhara Ghaziabad

SG Estates is all set to deliver over 1000 units across two of its projects SG Grand in Raj Nagar Extension and SG Oasis in Vasundhara starting March 2018. The total area which will be delivered across these units will be approximately 11, 00,000 Sq. Ft. The market has gradually shifted gears and has become very much end user-centric.

Every end user who has invested in a property is more concerned about the quality and timely delivery of the project and this is the reason that SG Esates have been more focussed on deliveries rather than working on numerous projects at a single time.

flats in vasundhara ghaziabad
flats in Vasundhara Ghaziabad

Both the projects SG Grand and SG Oasis are nearing possession and will be offered for the same by March 2018. The projects have a great location with close proximity to schools, hospitals, medical stores, groceries etc. Also, the area is well developed with excellent availability of public transport.

 

As 2017 was dedicated to being the year of possession, 2018 will also continue in the same context and further enhance the work. SG Estates two projects are going for possession and much more will follow up. So as 2017 was a good year for real estate market, 2018 is expected to be great.

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