Raheja Developers Finally Corrects the Real Estate Prices by Selling @ Rs.2500/- Per Sq.Ft and Created a Milestone in Property Pricing

Raheja Developers Finally Corrects the Real Estate Prices by Selling @ Rs.2500/- Per Sq.Ft and Created a Milestone in Property Pricing

October 30, 2015 9:02 IST | Business Wire
Business Wire India
At the prime location of Sohna road, the south Gurgaon, Raheja developers has launched independent floors in their smart green township with the affordable prices of Rs. 2500/- Per. Sq. ft. The developer has collaborated with L&T for completing the infrastructure for the township.
At the end of 2007, the prices of real estate properties in Gurgaon were not less than Rs. 4000/- per sq.ft. It was a state of surprise for all the developers and investors when Raheja Developers introduced the slashed prices of property at Rs. 2275/- per sq. ft. Those were the times when prices of apartments reached the blatant amount of Rs. 12000/- per sq. ft. After the recession, the real estate sector reached in the great depression and property rates are now hardly Rs. 5000-7000 approx. per sq. ft. It is noticeable that all the property prices are decided by the actual users.
According to the CMD of Raheja Developers, Mr. Navin M Raheja “Our motto is clear, to provide the best townships to the buyers and create a long term relationship with our investors, we have been trying to regulate the prices of our properties through less profit margin and more customer centric services”. Due to the advancement of real estate sector in Sohna Gurgaon, Sohna road has already developed state highway which is being further expanded into an eight-lane expressway.
According to Sachin Sandhir, Managing Director of RICS South Asia, “Proposed infra-structure continues to add value to the overall development making it an attractive destination for those looking to buy units at slightly lower rates as compared to the rest of Gurgaon. However, with the scale of transaction activity in the region, it is likely that residential prices would appreciate in near future.”
Gradually, Sohna road has emerged as an elite residential destination for those buyers who are looking for planned urbanization amidst the scenic beauty of Aravalis. On one side schools, IT parks; Malls and residential apartments are located and on other side the lush green range of Aravalis. Raheja Developers by slashing prices in such cut throat competition has again set a benchmark for all Real Estate Developers by becoming a customer centric company.
About us
Raheja Developers Limited was incorporated in the year 1990 by Mr. Navin M. Raheja, the first generation entrepreneur. Today, the company enjoys a strong presence in NCR and has made its position as one of the largest companies in the Real Estate Industry. The company is one of the fastest growing entities in the realty sector with a difference that offers luxury for reasonable costs, excellent customer care levels with highest customer satisfaction index and the highest imaginable standards for the welfare of its staff, society as well as for the environment.

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