Commercial Real Estate in Gurgaon:Government IT Plots in Sohna Offer Superior Returns @ Lower Costs?
Commercial Real Estate in Gurgaon
Signature Global is a name synonymous with trust and quality in the Indian real estate market, particularly in the affordable housing sector. Founded with a vision to provide homes that are not just affordable but also feature superior quality, Signature Global has become a household name, especially among middle-income homebuyers. Over the years, the company has successfully delivered numerous projects, each marked by timely delivery, excellent construction quality, and adherence to governmental guidelines. Their close collaboration with government initiatives has further bolstered their reputation, making them a preferred choice for buyers looking for reliable and affordable housing solutions.
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Sohna Road, a prime arterial road in Gurugram, has witnessed exponential growth over the past few decades. This area, which was once considered on the outskirts, has now become a hotspot for both residential and commercial developments. Sector 44, located just before the Sohna toll, is a particularly significant location, having seen the first wave of real estate development over 15 years ago. Since then, the area has evolved into a thriving community with a mix of residential, commercial, and retail spaces. The strategic location of Sohna Road, offering easy access to both Delhi and other parts of Gurugram, has made it a preferred choice for real estate investors.
Signature Global’s collaboration with government projects has been a cornerstone of their success. By participating in initiatives like the Pradhan Mantri Awas Yojana (PMAY) and the Deen Dayal Jan Awas Yojana (DDJAY), Signature Global has been able to deliver affordable housing to thousands of families. Their commitment to quality, despite the low-cost mandate of these projects, has set them apart from other developers in the affordable housing segment.
Building on their success in the affordable housing sector, Signature Global has gradually expanded into the luxury segment. Their projects on the Southern Peripheral Road (SPR), Dwarka Expressway, and New Gurugram represent this transition. These developments are characterized by their modern architecture, premium amenities, and strategic locations. Despite being new to the luxury market, Signature Global has managed to create a strong brand presence, largely due to their reputation for quality and timely delivery.
The Integrated License Scheme (ILS) represents a significant shift in urban development policy, allowing for mixed land use development under a single license. This scheme is designed to promote a more efficient use of land, combining residential, commercial, and institutional spaces in a single project. Signature Global’s entry into this scheme is a strategic move, allowing them to offer a diverse range of products at competitive prices. The introduction of IT plots under this scheme is particularly noteworthy, as it represents a new product category in the Gurugram real estate market.
For the first time, IT plots are being introduced on Sohna Road, and this is expected to be a game-changer. Unlike traditional residential plots, IT plots are designed to accommodate commercial establishments, particularly in the IT and ITES sectors. This makes them an attractive investment option, as the rental yields from IT plots are generally higher than those from residential properties. Furthermore, the strategic location of these plots, just before the Sohna toll, adds to their appeal.
Location is often the most critical factor in real estate, and the IT plots on Sohna Road have a lot to offer in this regard. Situated just before the Sohna toll, these plots are easily accessible from both Delhi and other parts of Gurugram. The proximity to major highways and the upcoming infrastructural developments, such as the extension of the Metro line, further enhance the connectivity of the area.
One of the key selling points of the IT plots is their price competitiveness. When compared to residential plots in the same area, IT plots are significantly cheaper, making them an attractive option for investors looking for high returns at a lower entry cost. This price advantage, coupled with the higher rental yields associated with commercial properties, makes IT plots a compelling investment. Historical price trends in similar developments suggest that the value of these plots is likely to appreciate over time, providing investors with substantial capital gains.
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