Pankaj Bajaj Eldeco

Mr. Pankaj Bajaj has been elected president CREDAI – NCR. Mr. Bajaj and his new team members are determined to work closely with the government to bring the industry back to an even keel. He said “We will work in tandem with CREDAI National to bring its manifesto to fruition including Skill Development Programme, CSR Foundation, Clean City Movement, Educational Scholarship Fund (CESF), Heritage initiatives etc."

Mr. Pankaj Bajaj’s first priority as CREDAI – NCR president, is transparency in real estate. According to him it is symptomatic of underlying systemic problems in the industry. He feels that going forward there is a strong need of establishing a grievance redressal system and believes that in the long run, it will help win back the confidence of the buyer.

Eldeco MD Pankaj Bajaj had made great efforts and given new heights to Eldeco group, one of the leading real estate companies in North India. He has handled more than 200 projects using his own experience and has emerged as an efficient leader in the real estate industry.

The newly elected President of CREDAI NCR, Mr Pankaj Bajaj Eldeco, said, “With the set-backdrop of challenges that the real estate sector is currently facing, we will be responsible to work closely with various government departments to shape the future of the region’s realty sector.

Pankaj Bajaj, Managing Director of Eldeco Group said, We will work in tandem with CREDAI National to bring its manifesto to fruition including Skill Development Programme, CSR Foundation, Clean City Movement, Educational Scholarship Fund (CESF), Heritage initiatives etc."

The newly elected President of CREDAI NCR Mr. Pankaj Bajaj Eldeco said, “With the set-backdrop of challenges that the sector is currently facing, we will be responsible to work closely with various government departments to shape the future of the region’s realty sector. We will also embrace skill development, cleanliness and labour welfare as abiding commitments. We will also ensure that RERA is being implemented and consumer grievances redressal forum works efficiently to gain more buyer confidence.”

After the full impact of the invasion of RERA in Uttar Pradesh, Eldeco MD Pankaj Bajaj, and the newly elected president of Credai-NCR said, ‘Credai was always in favour of RERA because the act will be instrumental in separating the authentic players from those who will not be able to deliver on promises. While the Rera does have teething issues, it is in motion and over a period of time things would settle down for the benefit of the real estate industry as well as for the buyers."

Delhi NCR and its neighboring regions, undoubtedly, have shown an increase of real estate demand making a jump from 20% in 2013 to 27% 2017 and the graph continues to grow, stepping further to the dream of housing for all. Not just the government but it is also a contributed effort of individuals like Mr Pankaj Bajaj Eldeco, newly appointed president of CREDAI - NCR.

Pankaj Bajaj has an experience of more than 10 years in construction and real estate development. Eldeco group has been one of the leading real estate companies in North India and has successfully completed more than 175 projects. Mr. Bajaj has made all the efforts and given new heights to the Eldeco Group.

"The builders are now focused on delivery. First came demonetisation, then Rera and then GST. So everything has increased a pressure on builders. So many are either working on completing their projects or trying to work through the processes of Rera at the moment. There is no significant launches in these parts except for one or two projects," Pankaj Bajaj, President, Credai NCR, said.

CREDAI-NCR President Pankaj Bajaj Eldeco said, the association's members can become co-developers in the stalled projects, provided they have legal safeguards backed by a state policy. Further, he added that CREDAI has come forward to resolve the difficult situation of stalled deliveries of a few larger developers. The image of the entire industry is suffering because of this situation.

According to Pankaj Bajaj Eldeco, affordable housing will be the main focus for real estate development in UP in the years to come. Mr. Bajaj has been elected the new president of Credai-NCR and he replaces Manoj Gaur, MD Gaursons who held the chair before him. He will hold the post till 2019.

Eldeco MD Pankaj Bajaj and President, CREDAI NCR, said, “The Metro connectivity is expected to usher in a shift in occupancy and augurs well for the rental market. Rent in Noida is less than half of South Delhi apartments. Easily, people can live in Noida and work in South Delhi and beyond."

CREDAI came forward to commit delivery of 80,000 apartments by March 2018 in Noida, Greater Noida and Yamuna Expressway areas. On this, Pankaj Bajaj Eldeco stated,” The Development Authorities - NOIDA, GNIDA and YEIDA - and the builders need to work like partners and jointly solve the problems. Many projects, though physically ready or nearly-ready, are not getting Completion Certificates or last-mile funding because the authorities have declared them financial defaulters. The authorities need to stand by their assurance of encumbrance free title at the time of allotment.”

The bubbling concept of affordable living has taken over NCR. With the government in hand policies such as the PMAY has made the dream of 'home of my own' come true for thousands. Specially cities such as Noida have witnessed a certain rise in vertical living. Pankaj Bajaj, CREDAI's President says that "Real Estate seems to be going under a revival. It is believed to contribute to the country's GDP in the years to come."

Eldeco’s Managing Director, Pankaj Bajaj appreciates the newly inaugurated Magenta line metro, connecting Noida with South-Delhi. Easy metro connectivity would usher home buyers to NCR. It has made travel between Delhi-NCR, much hassle free and has received much acknowledgement from the populants of NCR.

Eldeco’s head Mr Pankaj Bajaj presents the dichotomy of building affordable homes. He says that on one hand, there have complaints about unmet demands and yet there have been reports of around 50 lakh houses unsold. Government’s intake in the sector has brought out much improvement in the market. Eldeco MD Pankaj Bajaj presents the dichotomy in the term affordable housing at present; a dilemma even after government initiatives.

Mr Pankaj Bajaj (M.D of Eldeco Group) considers that modern India has much scope in real estate sector in the years to come. It’s on a survival. It’s an investment that never runs dry. It’s also believed that the sector would contribute to country’s GDP up to 15% in place of the current 7%.

2017 witnessed a decline in the real estate market due to demonetisation, RERA and GST, yet their long-term benefits have raised hope for 2018. Mr Pankaj Bajaj Eldeco, says that the housing sector would witness a revival in the upcoming year. Affordable housing looks out as the leading segment of the very housing sector.

Mr Pankaj Bajaj Eldeco was once quoted describing building homes as a labour love. Wouldn't you love to live in the house built by you with your taste and vision? Modern technology has made the job much easier. Decide what sort of what you would prefer in the home of your dreams right on your cell phone and then live happily ever after.

Eldeco's Saubhagyam Lucknow has been awarded the best-value for money project in NDTV, Property Awards 2016. On receiving the award Mr Pankaj Bajaj, M.D Eldeco said that building homes is a frustrating yet fruitful profession. Saubhagyam Lucknow with a large number of salient features can be called the trademark in affordable housing.

Eldeco MD Pankaj Bajaj has been named as the new President of CREDAI-NCR, replacing Mr Manoj Gaur (M.D. Gaursons). Mr Pankaj Bajaj will hold the chair till 2019. CREDAI is a non profit organization which builds policies to help gain housing for all an achievable concept. Mr Bajaj believes that the housing sector in India is on a revival and would also contribute towards the country's economy.

Real Estate market has changed and reached a consolidated form. Major trends are to be witnessed in the real estate market due to aftermaths of RERA and GST. Mr Pankaj Bajaj Eldeco claims that 40,000-80,000 houses are achievable targets, mostly waiting for authority completion certificates or last mile funding. Housing sector seems to be on a revival in the New Year.

A collision of sorts seems to be arising between the RERA and the State Apartment Laws. Eldeco M.D. Pankaj Bajaj said that it’s unfair to say that states are diluting the law, since the states had their own apartment acts prior to the RERA. RERA does not seem to have a special arrangement for projects already in process.

The Eldeco Group is an ingrained name in the Indian Real Estate market. They are known for their timely delivery of projects and are much appreciated by buyers. With the coming of Mr Pankaj Bajaj as the M.D. of the group, it has made much progress in the sector. Eldeco is an ensured platform for your desired home.