Mission possession becomes priority for builders

Delhi/NCR Developers in Noida, Greater Noida, and Gurgaon are pulling out all stops to deliver housing units to their customers by the end of March 2017, so as to do their bit in reviving market sentiment.

Realty majors like Supertech, Amrapali, JP Group, Gaursons, Arihant, Antriksh India, Exotica Housing, Gulshan Homz, Ajnara India, Logic, among others, are working to deliver around 45,000 housing units in Noida and Greater Noida by the end of March, 2017.

According to Credai, Western UP Chapter, developers in Noida and Greater Noida West (formerly Noida Extension) region will give possession of nearly 45,000 houses by the end of this financial year, so as to address the current saga of interminable delays in residential projects to an extent. Deepak Kapoor, president of Credai, Western UP, said: “According to our database, while 25,070 units have been delivered in this financial year so far, nearly 45,000 flats are slated for delivery in this region by the end of March, 2017. Once all these units are delivered, nearly 1 lakh people are expected to move to the Noida and Greater Noida region by next year.”

Supertech Ltd, which has delivered 16,000 units over the past two years, plans to deliver another 12,000 units in different pockets of Noida-Greater Noida region by March, 2017. With projects worth Rs 50,000 crore in progress, Supertech has more than 80,000 units under development.

R K Arora, chairman of Supertech Ltd, said: “We are working on PM Narendra Modi’s dream of ‘Housing for all by 2022’. We are adhering to tight delivery schedules to accomplish this task and have tied up with the world’s best names in the fields of architecture, design, and technology for timely completion of our projects with a focus on quality.”

Amrapali Group has delivered 960 housing units, which are spread over its various projects like Silicon City, Princely Estate, Sapphire Court, Zodiac, Platinum, Titanium, and Leisure Valley located in Noida and Greater Noida, in the last two months; earlier, the group offered 5,244 units for possession from the same projects, a spokesman of the firm said.

The MD of Gaursons, all of whose projects are running on time, said that the company has given possession of around 6,000 apartments in its marquee project, Gaur City, in the last six months and that they will deliver another 4,000 units in the next couple of months in the same project.

Antriksh India Group has delivered over 3,900 units in Antriksh Golf View 1, Golf View 2, etc, in past one year and plans to deliver over 4,000 units over the next one year.

Arihant Group has delivered 1,050 flats in its Arihant Arden, under Phase 1 and 2 of the project located in Sector 10, Greater Noida West.

Gulshan Homz has offered possession in two of its projects, Gulshan Vivante and Gulshan Ikebana, along Noida Expressway. Ajnara India Ltd has delivered over 2,000 units in Ajnara Daffodil and Ajnara Homes, over the past 2-3 months, and plans to deliver another 5,000 units in the next 3-6 months.

In Gurgaon, too, reputed developers like DLF, Emaar MGF, Bestech, Chintels, Raheja Developers, ATS, Tulip Group, Orris Group, Vatika, MAPSKO, etc, have put their project delivery on mission mode.

Source: Times Property, The Times of India, Delhi/NCR

Get more of real estate

Subscribe to our mailing list and get interesting real estate stuff updates to your email inbox.

Latest Price Performance of Indian Real Estate Companies Stocks

To Top

Get daily real estate updates
in your inbox

Subscribe to our mailing list and get daily real estate updates to your email inbox.