Unity Group is one of the leading real estate developers in Delhi. The real estate developers are known for shaping the skyline of Delhi for the last 27 years. Unity Group is amping up the modern way of living with numerous commercial, residential, educational, and more projects. From lifestyle to luxury, Unity Group has brought a good life. Scroll down to see how!

A Slice of Lifestyle: Unity Group focuses on enhancing your lifestyle by developing multiple commercial projects like Unity One malls and Vegas mall.

A Part of Luxury: Unity Group has upgraded the definition of luxury with The Amaryllis – a 40 acres project where luxury meets life.

A Chunk of Knowledge: Unity Group aims to build a holistic environment with a pre-school and VIPS college for future generations.

A Piece of Comfort: Unity Group has forayed into the hospitality segment with Ginger Hotel.

Bring Necessities: The automobile has become a necessity for convenience and freedom. Unity Group extends itself to the automobile industry to fill that gap.

A Brick of Elegance: From your home to workspace, Unity Group adds a touch of elegance with their marble sector.

A Good Health: Understanding the need for healthcare, Unity Group is developing a multi-specialty hospital with state-of-the-art facilities.

They say “a new year is a new beginning” which is correct. The new year comes with a clean slate to start fresh with some new chapters. Since the new year is here, we brought some good news. Unity Group is known for changing Delhi’s skyline by delivering almost 10 million sq. ft. residential and commercial projects with complete transparency. At the beginning of the new year, we at Unity Group are thrilled to announce new projects in Delhi. Scroll down to know what’s new at Unity Group.

Unity One Business Suites:

Unity Group is introducing Unity One Business Suites in Preet Vihar, New Delhi. The project has retail and office spaces, restaurants, banquets, and three-level multi parking. Moreover, the project is near to Preet Vihar metro station. Unity One business suites are perfect for conferences and meetings. Unity One business suites will be a modern space for all the new-age professionals.

Elegante By Unity Group:

We are happy to announce our new retail project named “Elegante” located in Netaji Subhash Palace, Delhi. Unity Group has delivered multiple retail projects in the past. Elegante is a 7,00,000 sq.ft. retail project with luxury retail spaces, six multiplex screens, an entertainment zone, food courts, and restaurants. Netaji Subhash Place is a hub for corporates & foodies and with the Elegante launch, it’s going to be a place for all to shop, eat and relax with friends and family. To summarize, Elegante will be a ready-to-go place for Delhiites and an upgrade for Netaji Subhash Place.

Vegas Mall By Unity Group:

Unity Group recently launched an iconic mixed commercial project named Vegas in Delhi’s developing city Dwarka. Vegas is known as one of the largest hypermarkets that offer unlimited choice, comfort, and convenience. With international retail brands, luxury hotels, business suites, workspaces, multi-cuisine restaurants, entertainment & eatery clubs, Vegas will change the lifestyle of Dwarka. In short, Vegas is an ideal place for all to celebrate moments with your loved ones.

We at Unity Group have always been working hard to serve the best to customers. Stay tuned with us, to know more about the upcoming projects of the Unity Group.

It’s quite common these days to have an office at your home, especially when you have a good number of prospects and clients near your home area.  A well-decorated office interior plays a crucial role in impressing your clientele.

You can also hire the services of a renowned interior decorator in case you have a good budget in hand. However, with a restricted budget, you can also remodel your home office to make it look smarter and trendier. 

Here are a few tips that can help you on making your home office inspirational and comfortable at the same time.

 

Space: It’s obvious that at the home office you will end up spending nearly 7-8 hours or more daily. In such cases, it is relatively important that the home office space should be quite spacious and comfortable. Also, according to Vastu, it is important for your office to be airy with windows facing towards the sun. It helps in creating positivity in the environment.

 

Business like furniture: Furniture plays an important role in creating a business-like ambience in your office. Since this office is going to be in your home, try to choose furniture that matches well with the existing home furniture. The furniture should also be very compact and ergonomically designed for comfortable seating. The desk should have multiple drawers for organising your files and other stationery items.

 

Inspiring workspace: Your office space should be inspiring. To do that you can put a beautiful wall painting to elevate the mood and vibes of the room. However, make sure that you do not go overboard while decorating, but keep it simple.

 

Better optimisation of space: If your daily work requires an extra room, then you can always create an extra space by dividing your larger room using a set of curtains, a screen or even a room divider.

 

Colours: Colours play a very important role in improving the mood of the room. Therefore, instead of using the boring beige or white colours, you can experiment with other bright colours that will help lift your mood. Colours can also be strategically applied to create a perception of space.

 

Accessories: Accessories help in enhancing the look as well as the comfort level of your office space. A beautiful mug, smart flower vase, latest notepads, and sticky notes, a trendy wastepaper basket et al are some of the accessories which you can use in your office. You can also have some bookshelves, cool curtains to make your office space look dignified and give it a more business-like look.

 

Gadgets: Modern office is incomplete without its gadgets that include a computer, printer, phone etc. Place these gadgets in such a way that no chords are visible and the office space looks clean and uncluttered.

 

Light: Your office space should be properly lighted otherwise you have to strain your eyes which can create a headache.

 

These are just some of the points which you can keep in mind while decorating your home office to make it more inspiring and comfortable.

If you are looking for a office  space, we will provide you the best location at Unity Group

If you are looking for a good location in Delhi to shift your office, then you should check out the Netaji Subhash Place Commercial Zone. It is in a prime location in Delhi NCR that offers you a host of connectivity options to run your business smoothly.

Netaji Subhash Place also known as NSP is close to National Highway 8 and can be reached by metro also. It has become very popular amongst the corporates, thanks to its state-of-the-art infrastructure and highly competitive prices.

 

Additionally, this place also offers several other advantages as well, which is very important for the growth of your business. Some of these are as follows.

 

1). Strength in numbers: This is a huge project that is spread over several acres of prime land in Pitampura. Thanks to its prime location, there are hundreds of office space that houses many high-end companies and financial institutions. The presence of these many enterprises at a single location creates a huge commercial opportunity as well as the synergy that allows the business to thrive.

 

2). Brilliant connectivity options: One of the most important factors that make a business district viable is the availability of multiple connectivity options. If you have your business space in NSP, then your clients can easily reach you through multiple routes such as:

• Lala Jagat Narayan Marg
• Ring Road
• Maharajah Nahar Singh Marg
• Dilli Haat Road.

 

In addition, they can also reach this place through the red and pink line metro (which is just across the road).

 

3). Superb infrastructure: This place was built with the sole aim to create a holistic infrastructure for business enterprises. For this reason, you will find a huge car parking right in the middle of this commercial place and a range of banks and other financial institutions.

 

4). Wide range of space options available: Whether you need a small or a huge place for your office, the Netaji Subash Place Commercial Zone has it all.

 

5). Highly competitive: If you are looking for a highly reputable builder in Delhi who can offer you commercial space at jaw-dropping prices, then you should visit the Unity One office. We offer office space at unbeatable prices in a prime location like the Netaji Subash Place Commercial Zone.

 

6). Good eating joints options: At NSP, there’s no end to the eating options that you can explore. You name a cuisine and you’ll find an outlet for the same there. Apart from that, popular names such as Haldiram’s, Bikanerwala, BTW et al too have their big outlets at Netaji Subhash Place where you can enjoy your meal enjoying the hustle-bustle of this busy commercial place.

 

7). Proximity to Residential Area: The best thing about Netaji Subhash Place Commercial Zone is that it is very close to many residential areas such as Pitampura, Rohini, etc. hence the area is quite busy even during the late-night hours and is quite safer for working women.

 

As one of the premium addresses for business, Netaji Subhash Place Commercial Zone is ideally suited for various kinds of businesses. As Unity One is one of the most respected real estate builders in the Delhi NCR region, you will get premium quality properties at great bargain prices. Some of the other well-known commercial properties of the Unity One Group in Delhi and its surrounding areas are:

 

• Aggarwal Tower Mandawali
• Aggarwal Square Dwarka sec 11
• Aggarwal Modern Bazaar Lawrence Road
• Aggarwal Dwarka Plaza
• Aggarwal Millenium Tower NSP
• Aggarwal Cyber Plaza NSP
• Aggarwal Corporate Heights NSP
• Aggarwal City Plaza Rohini

What are you waiting for? Visit our office and we will offer you the best possible business addresses that are just right for your needs and well within your budget.

Vouching to be one of the revolutionary changes post-independence in the indirect taxation system, GST made its voyage to the Indian financial market with the idea to avoid duplication of taxes.

To make India an economy of one nation one tax, the central government also aimed at increasing the tax base to collect indirect taxes. For the real estate sector, the growth under the GST regime is touted to fare 12% annually till 2020.

Also, with the new norms and acts introduced in the Union Budget 2019-20, the real estate market is predicted to witness some structural reforms. The central government has also introduced the affordable housing scheme to achieve its target of delivering houses to all by 2022 for first-time home buyers.

In our economy, concurrent Dual GST is applied on goods and services and it has impacted almost every sector directly or indirectly and real estate is no exception. The latter is already going through a transitional phase with new acts and ruling bodies such as RERA (Real Estate Regulatory Authority 2016), InvITs (Infrastructure
Investment Trusts) and REITs (Real Estate Investment Trusts).

Current Status of Real Sector

In terms of generating employment, the real estate sector is the second largest after agriculture. The experts have anticipated its growth rate to be 30% in the next 10 years with an estimation to touch a bar of US $180 billion by 2020.

To understand the real estate sector, it has been bifurcated into:

• Housing
• Retail
• Hospitality
• Commercial

Pre-GST Taxes and Charges

Let’s have a look at the previous charges that were applicable in the real estate market for buying and selling a property:

Source: JM Financial

From the above table, one can easily calculate the taxes to be falling between 11.5% to 15.2%.

Post GST Effects

After the introduction of GST, the residential properties which earlier were varying from 11% to up to 15.5% now attract the GST of 12% with a full input tax credit to sellers. However, the GST has been further reduced to 5% on the projects initiated after April 2019.

Under the composite VAT, the states used to charge lower VAT rates barring any input or partial tax benefit. Herein, the developers, generally, used to pass on the transactional cost to buyers.

However, after GST is being imposed, the transactional cost has increased to 12% where input credit is available for services as well as materials. Point to note here is that in case the developer failed to pass any input credit, it will invite an increase in the transaction cost by 6%.

The property prices could be restricted to 1-2% if the developers pass on the buyers the input credit.

GST Rates on Input Materials for Real Estate

Source: BMR
Due to the availability of input tax credit in the purchase of construction materials, the overall tax rate is neutralised.

However, the projects that are at the initial stage will benefit more than the projects at an advanced stage, as maximum input credit can be availed in the former one as compared to the latter.

The dream of affordable housing comes out to be true under the GST regime as the rates are expected to be cheaper if the GST exemption is extended to such projects.

Talking about the luxury segment, they are benefitted very little as the input tax credit limit can be availed up to 12% only. Taxes on other expenditures that occurred in luxury projects are still applicable, hence the overall effect is negligible.

Construction Cost – Reverse Charge Mechanism Impact

Herein, the registered person is liable to pay GST on behalf of an unregistered person under GST from whom the former has taken the goods and services. Such tax has to be paid via cash or bank transaction and cannot be adjusted against the input tax credit.

It has adversely affected the developers as they now have to pay the tax for the services they have rendered from those who fall in non-taxable slabs. The developers are also liable to pay GST for the services they have acquired from local or government authorities, including municipalities et al.

The small investors/developers are more affected by the GST regime as earlier they used to avail services from unregistered suppliers without carrying any liability to pay tax for them.

In the long run, GST is expected to enhance the profit margins and boost the growth in the real estate sector with an easier taxation system than before.