The year has begun on a glorious note for SARE Homes with recognition received from the NDTV Property Awards 2014 & ABP News Real Estate Awards!
At the NDTV Property Awards 2014 ceremony held recently in Mumbai, SARE Homes proved its mettle in the real estate sector by achieving the honour of the ‘Best Emerging Developer Award’ across India. The award was presented by Minister of State for Urban Development and Housing, Babul Supriyo and was received by our Managing Directors – Mr. David Walker and Mr. Vineet Relia.
Click here to watch – https://www.youtube.com/watch?v=4N2SiRNFEtk
The NDTV awards is reckoned to be the best platform for acknowledging excellence in Indian real estate. While receiving the award, Mr. David Walker, Managing Director, SARE Homes, said, “It is indeed an inspiring moment for us. We have always focused on delivering quality projects on timely basis. This award showcases our commitment in serving the people and encourages us to continue meeting our customers’ expectations”.
Mr. Vineet Relia, Managing Director, SARE Homes added, “We are delighted to receive the ‘Best Emerging Developer Award’ by NDTV. Receiving this award is a true recognition for thousands of people who got associated with this eventful journey. I would like to take this opportunity to congratulate all those who contributed to our success.”
At the ABP News Real Estate Awards event, our project – ‘SARE Crescent ParC Township’ in Gurgaon was felicitated with ‘Residential Property of the Year Award’. The project is one of the finest and well-planned townships in Gurgaon spread across 65 acres, encompassing some of the world-class features and amenities. The prestigious award is a testimony of delivering quality and excellence to our customers and creating a happy community culture in Gurgaon.
We’re looking forward to the year ahead and hope there are many such rewards and recognitions coming our way to establish our dominant position in the Indian real estate sector.
Click here to watch – https://www.youtube.com/watch?v=Uu5vFsc_Nr4
The real estate industry is bound to gain from the surprise cut in repo rate by the Reserve Bank of India (RBI). The sector lately has been under a lot of pressure with high interest rates keeping prospective home buyers away, adding to developers’ woes and increasing their unsold housing stock.
The move of cutting the Repo rate with 25 basis points to 7.5% will boost growth and investment. The banks are expected to follow suit and cut lending rates, benefitting home loan borrowers and investors alike.
In the last one year, a series of incremental reforms and announcements have been made to provide a fillip to the realty sector, such as removing the lock-in period for FDI exit in construction, reduction in the minimum floor area to 20,000 sq. mt. and the announcement of a framework for Real Estate Investment Trusts. The rate cut will now bring in more demand, infuse much needed liquidity in the market and upscale smart investment destinations like Chennai, Gurgaon and Amritsar.
David Walker, MD, SARE Homes, reflected on the repo rate cut and said, “The RBI cutting rates is confirmation that inflation and future expectations of inflation are well within RBI’s comfort zone of 6%. The 25 bps cut in the repo rate is an inflection point and further cuts are expected in the future months. This measure will definitely cheer up the markets and financial institutions will pass on this reduction to customers. This in turn will give buyers confidence that with lower EMIs, property purchases are more affordable, and now is the right time to buy a home. This sentiment will help boost demand and stimulate growth.”
Other than being the most preferred retirement destination, Chennai has with time transformed into a place where the well-to-do have the means and space to build their own luxurious home.
The city has seen exponential growth in the last two decades. A cultural makeshift has also been observed with respect to housing and lifestyle; the traditional stand-alone homes which were once considered to be the highlight of this city, have now been restructured and positioned as a part of the larger community.
The city is booming with excellent infrastructure growth; the presence of international airport and shopping malls have led to good development and appreciation in real estate prices. The upcoming developments like Chennai Metro, Monorail project and the proposed elevated OMR corridor, are going to change the way people commute and potentially boost the city’s economy.
Space is what has driven the luxury residential market in Chennai. The quality of landscaping adds to the visual delight. People have started considering swimming pool, gym and playground as features, rather than high-end amenities. They want an additional space in their villas – a space to indulge their dreams and luxuries.
To address these consumer demands, SARE Homes introduced ‘Expandable Villas’ in Chennai, with a provision of additional space. SARE Homes has till date developed around 20,000+ apartments all over India, including 400+ Expandable Villas in Chennai. The current projects include SARE Crescent ParC Township in OMR and SARE MeadowVille Township in GST.
SARE Homes also recently launched India’s First Smart Advantage Payment Plan in Chennai – a plan which offers people an opportunity to book their own luxurious villa at just 2% of the total cost and pay the remaining 18% in 9 easy instalments over 2 years or till possession. For more info on the plan: http://goo.gl/zn6zsv