Property Price Appreciation of Commercial Projects in Raj Nagar Extension

Ghaziabad has come up as a commercial hub and is a backbone of Delhi NCR realty. Raj Nagar extension (RNE) in Ghaziabad is fastest emerging as a realty hub. RNE is the property prices are still quite comfortable and plays a vital role in pulling the customers for residential and commercial spaces. The growing infrastructure and development by Ghaziabad Development Authority and road and metro rail connections are causes for the major boost creating demand.

The Hindon elevated road now fully operational and commercial airport in Hindon has geared up the confidence of buyers which was not so a few years back to choose RNE as a destination. Now Raj Nagar Extension has become an ideal destination for buyers of residential and commercial spaces. KW Group which is one of the leading builders in Delhi-NCR has mega residential project KW Srishti in Raj Nagar Extension. Their next project was a commercial project a high street Mall. The project was started in 2017 and is now almost complete and ready for possession. The buyers of shops in KW Delhi 6 mall have recorded over 300% gain in just four of years investing in this project and still the prices are climbing due to its construction quality and commitments. There are more than 55 big PAN India brands already entered into buying agreement and shortly going to start their shops. The brands like Reliance smart, Bikaner Wala, Bata and many more. 

The demand of properties in Delhi NCR will be rising steadily as Delhi will always remain the focal point. The commercial importance of the region will keep increasing due to its connectivity with all peripheral cities in Uttar Pradesh, Haryana, and Rajasthan. Be it any region in NCR, its attractiveness is greatly defined by the connectivity it shares with Delhi. Now with RNE sharing seamless connectivity with Delhi through the Hindon Elevated Road and the metro rail connectivity. The regional fast rail connectivity between Delhi and Meerut will pass through Raj Nagar Extension and that will further boost the traffic flow. Immediately after the completion of Hindon elevated road we have seen property price in secondary market going up. Such effects are unavoidable once the regional railway line becomes operational. The speed of development in Raj Nagar Extension and its surrounding area by GDA (Ghaziabad Development Authority) in a very proactive manner bound to push the primary property rate by at least 10% in immediate future. Raj Nagar Extension is a complete real estate region with a perfect blend of residential and commercial setups along with apt civic infrastructure.

Top Real Estate Developers in Delhi NCR

There are many real estate developers in Delhi NCR but we can identify only a few of them as top real estate developers in Delhi NCR .Delhi NCR being an extension area of Delhi which is one of most commercially-developed cities in the country the growth of real estate business is very high. Many top real estate developers have been operating in Delhi NCR. The three top real estate developers in Delhi NCR are DLF Ltd., Raheja Developers & KW Group Pvt. Ltd.

1. DLF Ltd. Was founded in 1946 offering its services for last 70 years in the residential, commercial, and retail infrastructure sector. It has built townships at different locations of Gurugram and has its presence in parts of Delhi NCR.
2. Raheja Developers having its head office in Delhi has been operating since 1990 concentrated in Gurugram, they also have multiple projects in upscale areas like Shadipur and Mehrauli.
3. KW Group Pvt. Ltd. Established in 1999, KW Group is a 20-year old emerging real estate company in Delhi NCR. The company has worked on a variety of projects in the residential and commercial categories. They have a prominent presence in New Delhi/NCR and Delhi. The company is mainly known for offering user-friendly residential complexes which are a perfect blend of style and comfort mated with luxury.
   
   There are few more builders who fall in the league of top real estate developers in Delhi NCR are DGR Homes, Adarsh Homes, Ashiana Housing, Veera Developers, Parsvnath Developers Limited., Uppal Builders.
   
   The top real estate builders in Delhi NCR are identified by their commitment to quality, delivery of project in time, transparency in dealings with customers, customer’s confidence level, ambience of project and many other essential parameters.

Trusted Real Estate Developer in Delhi NCR

KW Group Pvt. Ltd. which was set up in 1999 under the leadership of Shri Pankaj Kumar Jain is a trusted developer in Delhi-NCR. KW Group has gained its reputation through its different projects executed across Delhi NCR in Gurugram, Noida, Greater Noida, Ghaziabad and Delhi. The latest housing project is KW Srishti in Raj Nagar Extension, Ghaziabad. This project has 11-towers, has attracted customers for its architecture and fair dealings by the Real Estate Company. KW Delhi-6 is a commercial project in the same vicinity of Raj Nagar Extension on NH-58.This is the most modern high street mall of international standard. The shops in this mall has been booked by topmost PAN India brands. KW Blue pearl is a premium commercial project in Karol Bagh, Delhi specially designed for a jewelry hub. The group believes in delivering good and services to their customers more than their expectations. This is the key for their tremendous success in last 21 years of their existence.

Top Real Estate Developers in Delhi NCR | KW Group

There are many real estate developers in Delhi NCR but we can identify only a few of them as top real estate developers in Delhi NCR .Delhi NCR being an extension area of Delhi which is one of most commercially-developed cities in the country the growth of real estate business is very high. Many top real estate developers have been operating in Delhi NCR. The three top real estate developers in Delhi NCR are DLF Ltd., Raheja Developers & KW Group Pvt. Ltd.

1. DLF Lid. was founded in 1946 offering its services for last 70 years in the residential, commercial, and retail infrastructure sector. It has built townships at different locations of Gurugram and has its presence in parts of Delhi NCR.

2. Raheja Developers having its head office in Delhi has been operating since 1990 concentrated in Gurugram, they also have multiple projects in upscale areas like Shadipur and Mehrauli.

3. KW Group Pvt. Ltd. Established in 1999, KW Group is a 20-year old emerging real estate company in Delhi NCR. The company has worked on a variety of projects in the residential and commercial categories. They have a prominent presence in New Delhi/NCR and Delhi. The company is mainly known for offering user-friendly residential complexes which are a perfect blend of style and comfort mated with luxury.

There are few more builders who fall in the league of top real estate developers in Delhi NCR are DGR Homes, Adarsh Homes, Ashiana Housing, Veera Developers, Parsvnath Developers Limited., Uppal Builders.

The top real estate developers in Delhi NCR are identified by their commitment to quality, delivery of project in time, transparency in dealings with customers, customers confidence level, ambience of project and many other essential parameters.

Changing Phase of Real Estate Developers Post Independence

The real estate industry developed in leaps and bounds post independence .Real Estate Developers were in the unorganized sector with no proper guidelines but slowly this industry became highly organized sector and Government imposed several strict rules to regulate the activities of Real Estate developers. Now Municipal Corporation in different City and town, Panchayat committees in villages are there to give sanction of any construction work that takes place under the written guidelines in Building Rule Book. Real Estate Developers need to maintain certain specified open area on each side of the building constructed and also the height of the building depends on the front road width. The Building rules also define the habitable size of each room with minimum allowed roof height. Real Estate Developers also have to maintain certain thickness specified for inner and outer walls with sufficient window opening for proper ventilation. The Building rule takes care of all aspects for safety of occupants.

The Real Estate Industry contributes more than 7% to the country’s Gross Domestic Product and expected to reach 13% by 2030. The Real Estate Industry is the second largest employment sector in India after agriculture. Home buyers can now get housing loans from bank on easy terms up to 80% of the property value. Real Estate Developers maintain tie-ups with banks to provide quick processing and disbursal of Bank Loans.

Government has liberalized the rules for FDI (Foreign Direct Investment) in Real Estate Sector, which resulted in many Real Estate Developers collaborating with foreign investors and there is tremendous surge in real Estate Investment. This sector is largest support for the growth of economy. India has experienced a huge surge in Corporate Sector and Infrastructure Development thereby leveraging faster growth of Real Estate Sector in India. Indian real estate market is expected to reach USD 189 billion by 2020.

Adjudging Best Real Estate Developers in Delhi NCR

Superlative expression for a Real Estate developer is a very hard task. Every real estate developer either claim to be best or struggling hard in this highly competitive market to be Best Real Estate Developer in Delhi NCR. It is not what a Developer claims but the real feedback is received from extensive customer surveys on different parameters. Lot of research work goes on and there are reputed agencies which undertake the work of awarding Best Real Estate Developer in Delhi NCR on different parameters. Achievement of Developers can be adjudged from the recognition’s earned. KW Group is such a Developer which does not make any claim to be the best without any supporting documents and proof. It has won in-numerous awards from various private and government agencies. The most prominent being Entrepreneurship award by Chief Minister of Uttar Pradesh, Shri Adityanath ji in 1017, Times business award 2019, business leadership award by ET Now Mumbai in 2020 are a few of many awards KW Group is proud of. Few of its most acclaimed housing projects are Royal Court, Sector -39 Gurugaon, Engineer Park, Sector Omega, Greater Noida, KW Srishti, Raj Nagar Extension, Ghaziabad. KW Group has been building a mega commercial project KW Delhi 6 in Raj Nagar, Ghaziabad and a shopping hub in Delhi’s prime location, KW Blue pearl, Karol bag Delhi.

There are few important parameters which help to decide who the Best Real Estate Developer is. To be the best a Developer should score maximum on all the parameters.
The parameters are as follows:
1. Background of the Developer.
2. Past Projects undertaken
3. Legal status and clarity of projects undertaken
4. Financial soundness
5. Reviews from previous buyers
6. Bank records to know the credibility
7. Terms and conditions laid by the Developer to check transparency.

There are some reputed builders who are considered to be in the list of Best Real Estate Developers in Delhi NCR like Hero Homes, Shapoorji Pallonji, ATS, Godrej, KW Group, and Emaar have built large housing complexes. When it comes to commercial projects, DLF, KW Group M3M are leading the front. They have launched a huge array of products in commercial space. They have great presence in the commercial sector.

Top Real Estate Developers in Delhi NCR

There are large numbers of developers in real estate sector business who have earned good reputation in Delhi NCR. These Real Estate Developers are based in different parts of Delhi NCR like Gurugram, Noida, Greater Noida, Ghaziabad have changed the total face of the market. There is a huge competition amongst these developers to be the Top Real Estate Developers in Delhi NCR. A Developer’s reputation and attractiveness depends upon the level of satisfaction it provides to its customer. A genuine Developer does all deals with complete transparency, avoids any shady deals and does not have any hidden cost in their project. The developers who continuously aim that the use of quality products in construction and on-time delivery are not something to be cherished, but rather they are the basic requisites of consumers. The quality of the construction, the top-notch engineering ideas, putting forth the efforts to improvise the quality and the professional service through which it can provide classy and environment-friendly constructions, etc.are such values that KW Group Pvt. Ltd. stands today in this huge gigantic real estate market as the Top Real Estate Developer in Delhi NCR with their presence in Gurugram, Noida, Greater Noida and housing and commercial projects in Raj Nagar Extension in Ghaziabad. KW Group has been maintaining their consistency in construction quality for last twenty one years and try to give more that 100% satisfaction to their customer, meaning giving more than their customers expect. In Delhi NCR the most sought after Developers other than KW Group are Godrej Properties which has 30 years of experience having done 114 projects on PAN India basis, DLF Building India having around 75 years of experience with 62 ongoing projects. Omax, Ansals, Parsvnath Developers are other top ranking Developers in Delhi NCR.

During this lockdown period due to Corona virus pandemic KW Group provided full protection to their migratory construction laborers by providing them with free accommodation and free food for their family along with all other health and sanitary facilities for their safety. These are some of the humanitarian acts that are expected of Top Real Estate Developer in Delhi NCR. Besides this KW Group also organizes various activities under CSR to benefit underprivileged people of the society. It is not how many projects a developer has undertaken at a time but it is more important to be genuine with each and every project it undertakes. Customers are the best judge.

Distinctiveness of Trusted Real Estate Developers

Investing in Real Estate is one of the major financial decisions in one’s life and therefore it is important to be cautious while choosing a trusted real estate developer. Most of the flat buyers accumulate their hard earned money over a long period of time or take loan from the bank to buy a house. Therefore it is important to select a developer whom has successful track record. In past few years we have seen than many big names as developers have failed to deliver possession to their flat buyers in time and much litigation are in process in this regard. There is no point in cursing letter but one must know that there are many advantages of understanding distinctive characteristics of Trusted Real Estate Developers before finalizing a buying decision. There are few basic characteristics of such a trusted developer.

Customer Centric Attitude: A developer who right from the stages of design, planning and construction thinks about the requirements of customers. Customer is always developer’s priority while booking a flat or a shop with complete transparency without any hidden cost. Customers should feel comfortable dealing with such Developers.

Uniqueness in Construction Quality: A successful Developer never deprives its customers with quality of construction. A trusted Real Estate Developer always tries to give more than the customer expects whether it is about some special feature in design, services or ambiance that are unique to the finest details of construction, everything in project reflects the quality.

Creativity Aspect: This aspect is easily identifiable with the Developer. The Developer leaves its signature stamp in the construction style by which any one can identify the Developer not only in terms of architecture and design, but also in terms of how sustainable, Eco-friendly and future-oriented they are.

Goodwill in the Market: A Trusted Real Estate Developers earns goodwill in the market over a period of time and takes a considerable time to gain the trustworthiness through mouth publicity of their existing customers. The Credibility is gained due to their transparency, reliability and consistency.

Efficiency in Tackling Problems: A successful and Trusted Real Estate Developer is that who has very sound problem solving capability. For instance when due to lock-down due to COVID 19 happened, most of the migratory construction laborers  faced huge financial  problem as they are daily wage earners and large number left the city to be back in their village. KW Group in Raj Nagar Extension provided their migratory construction laborers with free accommodation and free food. Due to this brave step, KW Group is not facing any labor shortage and will be able to hand over their KW Delhi 6 commercial project within the scheduled time.

Contribution of Real Estate Developers for Human Development Index (HDI)

A country can be said to be developing when the people get safe shelter to live. Real Estate Developers are the major contributor to the economy of a country, it is over 10% of the entire GDP of a country and a major contributor to FDI. Any location starts developing only if the Infrastructure and housing projects come up in that location. Raj Nagar Extension in Ghaziabad has very less population just a decade back but with infrastructure development and Real Estate Developers started taking interest. Many Housing projects came up in Raj Nagar Extension and this gave a boost to business and employment opportunities. Large number of commercial spaces came up to cater to business houses.

KW Group which has built KW Srishti in Raj Nagar Extension having Eleven Towers with 1505 apartments. This development has led to KW Group constructing another mega retail hub KW Delhi 6, a Mall in the same locality. The Real Estate Development is an ongoing process. Infrastructural Development leads to development of housing projects which leads to the development of business and economy with requirement of space for commercial activities and thereby Development of Commercial spaces, development of Malls for retail hubs etc. Real Estate Developers provide huge employment opportunities. Over the years the Real Estate Sector has shifted from an un-organized sector to an organized sector and now it is considered to be a core sector and a major contributor to the economy of a country. The modern construction technology has a major impact in Real Estate sector. The entire urbanization depends on the construction development in a city area. By 2040, real estate market to grow to Rs 65,000 crore (US$ 9.30 billion) from Rs 12,000 crore (US$ 1.72 billion) in 2019. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025. Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs. Indian real estate increased by 19.5 per cent CAGR from 2017 to 2028.

Real Estate Developers | KW Group

Since 4th March 2020 Government announces complete lock down due to the pandemic caused by Corona virus. One of the worst effected sectors was Real estate Industry. There was complete stoppage of work at all construction sites. The most troubled people were the migrant construction workers. Most of Real Estate Developers do not provide accommodation to these laborers at site so they have to rent out a house. Since their income had abruptly stopped, these poor laborers faced severe problem to meet their expenses. When Government made temporary arrangement for these migrant laborers to go to their respective villages, there was a complete exodus. Real Estate Developers in Delhi NCR with huge inventory of semi finished construction work is now in trouble. Although state government has allowed re-start of construction work even the top real estate developers in Delhi NCR are facing acute shortage of construction workers and are not sure whether they will be able to deliver possessions within the committed time, though RERA has allowed 6- months leeway but return of these migrant workers are still doubtful. In Delhi NCR most of the big real estate developers have huge exposures and take up large number of projects in different locations at the same time. Some of them have fallen into severe financial crunch due to their over ambition. They are losing trust of the buyers. The trusted Real Estate Developers are those who always keep proper balance and keep commitments to their customers as well as to their employees and construction workers.

KW Group is one such Real Estate Developers who does not believe in over exposures and during this shut down they provided free accommodation and food along with items of daily needs to their construction workers. After the lock down is lifted KW Group is not facing any problem of employing required numbers of laborers to complete their KW Delhi 6 project in Raj Nagar Extension within the committed time. Best Real Estate Developers in Delhi NCR are these who used the latest technology and took advantage of online tools to carry out their day to day administrative work and exhibited great human aspect by providing financial support to their staff, workers and contract laborers. These are the developers who are adjudged the best because of the high Human Development Index (HDI).