Handover before deadline cheers up homebuyers

Around 1,000 investors have received the possession of their homes in Solera at Sector 107 about four months ahead of the actual deadline, becoming the first lotto own flats developed underthe affordable housing scheme in Gurgaon. At a time when the real estate sector is grappling with a slowdown and several developers are struggling to meet deadlines, the speedy completion and early delivery of Solera has come as a pleasant surprise, cheering many potential buyers looking for homes in the city. It is the second affordable housing society in the state, after Faridabad’s Adore Housing that was delivered a couple of months ago. Launched by Signature Global in October 2014, the project is spread over six acres, housing 240 one-bedroom and 760 two-bedroom units. The construction started in mid-2015 with a deadline of February 2019. “Owning a property in NCR has always been a dream for the service class. It has come true for hundreds of homebuyers in the form of Solera,MunmunAbrol, a fund manager, who owns a flat in the complex. “Getting possession of the flat before the stipulated time has brought smiles to our faces.” Signature Global chairperson Pradeep Aggarwal said, “Under the Haryana Affordable Housing policy, we are trying to deliver our projects within 36-42 months, against the mandated timeline of 48 months.”