Gurugram: With a motive to understand the framework and management of affordable housing units, under the Pradhan Mantri Awas Yojana Mr. Shantilal Kataria, President of CREDAI Maharashtra, visited Signature Global Synera in Sector 81 and Signature Global Solera in Sector 107, Gurugram with a team of 160 developers. The visit by the Maharashtra CREDAI members was in line with their desire to construct promising affordable housing projects in their very own state. Signature Global’s Co-founder & Chairman, Pradeep Aggarwal was part of the whole event where he assisted all the queries of the Mumbai team with patience.
This was the second visit of Mumbai officials where they showed interest in affordable housing segment of Gurugram. Earlier, the officials of CREDAI Maharashtra along with 13 developers from Kolhapur of Maharashtra had visited to understand the same segment of the real estate market. The team understood the layout plan and the entire framework of these projects. Also, they discussed the prospected challenges that affect the execution of such projects. Talking about the affordable housing units, Signature Global has launched around 9000 Affordable units till date and is going to introduce 30000 more low-cost units.
“Gurugram has been bringing in gratifying results for the PMAY policy. We have been coming up with the residential affordable projects since the very beginning so our region has contributed well enough in the affordable housing sector. It’s a positive sign that the other major states have also been showing eagerness for contributing in the affordable housing projects. We welcome all the states and their serious members to come and work for this noble policy that’s aiming to provide housing for all.
Moreover, it was an honor for us as Shantilal Kataria, President of CREDAI Maharashtra and the entire team appreciated all our projects and the framework. Observing the recent framework, we cannot deny the fact that most of the financial institutions and micro-lenders are coming forward to contribute to the affordable housing projects. There has been an appropriate start at this sector, suggest the Past few years, the recently enacted laws and regulations assuring transparency are going to ease larger proportion of people. The perspective about the real estate industry is transforming. The good news is that the sector has already started experiencing the positive impact of these laws and benefitting policies” said Pradeep Aggarwal, Co-founder & Chairman, Signature Global.