Post a sluggish market, buyers today are actively searching for properties and planning where to look for the best homes that would be value for money as well as strategically located. Property Point A real Estate Consultant provides you best suggestions that will be beneficial for the investors those are searching property in Gurgaon. Bring you a brief of some of these areas in Gurgaon
If you are looking for flats in this city, you would never run out of choices. Gurgaon Sectors 82 and 88A and Sector 103 in Gurgaon are some of the popular localities with properties for sale. Reputed developers have changed the face of Gurgaon consequently; the entry points are a perfect fit for buyers looking for property in any income segment.
Gurgaon is a popular pick with Studio apartments starting at best prices in different sectors. If budget is not a constraint.
Gurgaon is the new destination for the cosmopolitan culture driven Buyers City is becoming the prior choice for the investors. The new sectors mostly that are connected to 150m wide Dwarka Expressway of Gurgaon are focusing by the investors.
Sohna Road, New Gurgaon and Sectors 82 and 83 are areas where you can look for maximum availability properties. Gurgaon appeals to every segment of buyers. With prices in the range of Rs 4,600-6,200 per sq ft Sector-82 has been popular among buyers who do not want to spend as much as Rs 12,000-14,000 per sq ft for an investment in areas like Golf Course Road.
At present builders Ansal, SS Group going to possess their project in sector 82,103 and sector 90.
Ansal bring Hub Boulevard in Sector 83. Project situated on 150m wide Dwarka Expressway proximity to NH 8 contains retail shops and offices with amazing facilities. Project offering ample parking, 24 hour power backup and huge atrium and many more. Project could be the beneficial in future for the investors.
Another commercial project is Ansal Centre Walk in sector 103 along with close proximity to Dwarka Expressway and NH8. Project contains various amenities like ample parking elevators for both offices and retail shops. This project offers G + 12 structure with include bank, entertainment zone, multiplex and many more. All these features of the commercial builders will make builders ready to invest.
SS Group Coming up with new scheme of plots named SS Floors situated in Sector 90. Project aim to built 3 BHK Vaastu complaint luxury floors with 100% power backup and 75 % Green Space ample water supply. With these features project offering club, school, Hospital, Shopping Complex. All these amenities make SS Floors an amazing project. People must invest in these projects who are dreaming for a luxury house.
Most properties in the above mentioned areas would be ready-for-possession in the timeframe of December 2014-2016. However, all the investors who are willing to know the best localities for an additional income as rent; DLF City Phases, Sectors 88A, 82, 83, 90 and 103 rule the charts. To Keep Yourself updates regarding new launching properties visit us on our official site by clicking on the link Property Point A real Estate Website.
The normal mans fantasy of owning a house in a conventional area took cement shape after Vardhman and Santoor Groups Combined .They globally announced Green Court an affordable residential project in Sector 90 Gurgaon. Both builders, are the known building firm of the Delhi NCR, is offering an alternate worth based housing project in Millennium City Gurgaon.
After the achievement of numerous real estate projects, Vardhman and Santoor groups commonly have now dispatched Green Court on Dwarka Expressway in Sector 90, Gurgaon. From the spirit of housing for all, the affordable housing project Green Court has been intended for the middle class segment of Gurgaon. It is vital that Sector 90 is a standout amongst the most luxurious areas in Gurgaon.
Creating a quality based housing extend in the heart of a city like Gurgaon is a challenging methodology to enter the realty showcase here, however the known developers are additionally making an perfect mix of dependability and responsibility the whole time. The firm is wanting to offer 1 and 2bhk flats with various features like overall planned wonderful ways, open gallery, provision for power and water backup, community hall and exclusive childrens play area, sport facilities like badminton and table tennis . All apartments are designed to be well ventilated with abundant natural light.
Separated from being an affordable project in Gurgaon, the area of reasonable undertaking is joined with immediate entrance from a 60 m wide sector road. The project is deliberately placed with Delhi and the IGI airplane terminal inside simple commutable separation and the proposed Metro line and Dwarka Expressway in close proximity. Green Court is occupied area of 10 acre of land with 1658 units on offer for open, coming in sizes beginning from a carpet area of 320 and 336 sq ft in addition to balcony(s) of 100 Sq. Ft. for 1bhk flats and 532 and 590 sq ft in addition to balcony(s) of 100 Sq. Ft .for 2bhk flats.
The cost of 1bhk flats begins from Rs 13.29 lakh while 2bhk flts have a beginning cost of Rs 21.54 lakh, depending on the categories of flats applied by the client. Developers say: We are pleased that we kept our guarantee of satisfying the clients desires and requests in such an unreasonable market by giving worth based housing solution. We reliably seek to give quality based offerings to our clients. We are sure that Green Court Affordable will likewise be a fabulous achievement in this segment. We are possessing ownership in 3 years. Our essential point is to give quality homes at affordable costs. Offers affordable housing to middleclass individuals means that the dream of basic man to possess own decent housing satisfied through flats located in the one of the richest areas of Gurgaon, at affordable costs.
Shree Vardhman Group has cut a corner for it in the real estate industry in India, having approx. more than 7000 fulfills clients in its different undertaking. It has been established by a set of prepared experts with an expect to amalgamate worldwide principles and quality into the real estate industry. So by keeping all the above elaborated features in mind people who wish to buy a house in Gurgaon on affordable price must invest in this amazing project Green Court in Sector 90 Gurgaon.
In the event that you have chosen to purchase your own property and have worked hard to cough up an EMI for your home loan each month, it is however regular for you to desire the absolute best. Just about all prospective property holders consider purchasing a fresh out of the box new property, or an under development property in the first place. While it is surely an energizing thought, you ought not to be excessively hung up on the same. Here are some substantial reasons why.
While a recently developed house or an under development, property may sound great in principle, it may not generally work out generally advantageous as issues, for example, development deferrals, or trashy development work may cause persevering inconvenience for you later. Here are a few points of interest and disservices to consider while considering purchasing a recently manufactured home.
1. Nothing compares to the feeling moving into a newly constructed home! The wall smells of new paint and things are flawless and you do not need to stress over making the house "decent".
2. If you are purchasing an under development property you can have the builder customized the interiors of your home before it is prepared to move in. Picking a shade palette or a few changes in fundamental development can undoubtedly be an enormous reward.
3. Newly developed homes likewise accompany current outline components, for example, open kitchens, modified one end to the other wardrobes, bathrooms with most recent plans. Cutting edge offices, for example, pipe gas, security alarms, DTH facilities, internet wiring, and so forth are additionally dealt with.
4. Modern day developers additionally utilize vitality proficient development materials which implies you will use lesser on your power bills.
5. The different clear budgetary profit you get from a fresh out of the box new house is that all the pipes and wiring is new, so you would not need to use cash on any real repairs for an initial couple of years.
1. But of course, all things new come with an extra cost and so is the case with any new property. It would cost you no less than 10% -15% more to purchase new house as contrasted with a comparable existing property. All the modern day amenities that you went come with hefty price tags so be prepared to pay for them.
2. If you are searching for another property you will need to bargain on the separations from either your office or the schools of your children. Chances are you will invest more of an opportunity on the drive and will be far from your most loved weekend joints or general stores.
3. If a settled group and neighborhood is an essential thought for you, it is best to stay far from another property, in light of the fact that it will set aside a long while for your neighbors to move in and construct the sort of old neighborhood appeal that you were anticipating. Likewise, in the event that you are one of the first individuals to move in, chances are you will be in a development zone for some time.
4. If architectural details, old world appeal, innovative interior parts and so forth are your personal preference, a recently constructed home will baffle you. In the event that you are the sorts who like to redo the inner parts of the house and need to tailor as indicated by your inclination, it will be best for you to go in for a current property. Redesigning your home as indicated by your wishes is much less demanding in such homes.
Brand new homes may appear to be an extraordinary decision, on the off chance that you need all the modern facilities and would not fret paying a premium for it. Yet in the event that you need to consider your way of life, travel separations and obviously need to spare each pie you can while you are purchasing your home, you may well go in for a current property and upgrade it little by little as and when your budget permits you.
Laid out beneath are a couple of real focuses demonstrating the part and obligation of an guarantor of a home loan.
A few banks demand the borrower giving an guarantor while giving a home loan. An guarantor ensures the reimbursement of the credit in the event that the central borrower fails to repay it.
The guarantor provides a security on behalf of the borrower to the bank that in case the borrower fails to repay the loan amount or other dues to the bank the underwriter would make good that shortfall.
No one but individual can go about as guarantor. The guarantor needs to go into a deed of certification, where he consents to make the installment in the occasion of the candidate neglecting to pay the levy by the due date.
The guarantor is obliged to meet the standards determined by the bank. He ought to meet all the standards identifying with age and income of a normal borrower. The guarantor is similarly at risk to reimburse the credit if there should be an occurrence of default in reimbursement by the borrower. With an guarantor, the bank puts an ethical commitment on the borrower to reimburse the credit as well. A nearby relative may go about as an issue on the off chance that the arrangement of the bank grants it. As a rule, banks demand an guarantor, if the credit sum surpasses a particular sum, which depends from bank to bank.
A few conditions when an guarantor may be needed:-
1. If there should be an occurrence of a sole candidate if the candidate is residing in a city that is not quite the same as the city where he expects to buy the property.
2. If the candidates occupation is of a transferable nature.
3. If the borrower is in an industry where the chance of him traveling to another country for long stretches is high without a co-applicant to the loan.
4. If the pay of the borrower is variable in nature.
5. Lack of expert capability of the borrower in the event of the self employed It is to be noted that the guarantor can request an loan for his own use if he is capable of repaying both the installments on the guaranteed loan and the new installments of his loan.
6. On the off chance that his reimbursements limit does not make him qualified for a credit, the first borrower may need to organize a substitution ensure. This must be carried out by discharging the current guarantor and furnishing the save money with an alternate guarantor who meets all the detailed standards.
7. If there should be an occurrence of an guarantors death, the borrower may be obliged to outfit an alternate guarantor and get the first one supplanted with the new one.
8. The obligation of an guarantor emerges just when the primary borrower neglects to reimburse the advance sum. The bank can then make the guarantor reimburse the obligation owed by the borrower to the bank. Before going about as an issue, one ought to be mindful of the risk and dangers included. It is not simply an inquiry of marking on a bit of paper.
An guarantor will be viewed as a defaulter, which will be reflected in his CIBIL record, consequently influencing his capacity to get a credit later on if there should arise an occurrence of default by the fundamental borrower.
New Gurgaon is changing the skyline of millennium city with residential and commercial projects in Gurgaon
Spurred by attractive pricing, good-quality projects, well developed neighbouring areas, and planned development, New Gurgaon is fast emerging as a vibrant residential and commercial hub in Gurgaon. New Gurgaon is a moniker coined for the areas and sectors beyond the second toll plaza on NH-8, which are located on both sides of the highway and are accessible from it through internal sector roads. Sectors 81 to 95 of Gurgaon are covered under this belt, which includes tremendous commercial and retail developments as well.
This real estate micro market is one of the two identified growth corridors for residential projects in Gurgaon; the other being Dwarka Expressway. The influence zone of this micro market extends from the sectors after Kherki Daula toll plaza and right up to the sectors being developed beyond and all the way till Manesar on both sides of the highway. Till date, over 44,000 residential apartment units have been launched here across more than 80 projects.
Apartment prices have gone up by over 37% and 20% in 2012 and 2013, respectively, compared to previous years. The projects here have also moved up the value chain starting from affordable-housing projects and slowly moving up to mid-segment and premium housing.
It is one of the less expensive residential micro markets within Gurgaon and hence has also seen healthy sales volumes over the last few years.
Accessibility and good existing connectivity have also worked in favor of this region. The forth coming infrastructural projects like DMIC, KMP Expressway, and multiple centers of excellence as planned under the DMIC are likely to further provide an impetus to growth around this area. Economic activity will fuel future growth, with existing automobile and ancillary industries in Manesar already doing well.
New Gurgaon is coming up as an exciting new destination for real estate investment as well as end use. The area has witnessed tremendous infrastructural upsurge by way of new roads as well as electricity and sewerage networks. All leading developers of northern India are coming up with townships and new apartment launches in the area. Residential prices in the area range from Rs 5,000 per sq.ft to Rs 8,000 per sq.ft, depending upon location, specifications and developers brand appeal.
Realty players like Ansal Housing, SS Group, ILD, DLF, Vatika, Emaar and MGF have already entered New Gurgaon with many new projects, including townships.
For instance, Ansal Housing is coming with commercial project Ansal Hub Boulevard in Sector 83 Gurgaon. This project will be surrounded by several townships, residential projects, and commercial spaces which will yield good profit for Ansal Hub Boulevard investors, as the place will bring in a great number of buyers.
ILD is also coming up with its new project pre-Launch in sector 37-C ILD Grand Centra the project is a part of a 22 Acre Group Housing and very well connected to Up Coming Dwarka expressway and existing NH-8 through 60 meter wide road.
Apart from its great infrastructure, attractive pricing, brilliant-quality projects, and the profile of developers in the region has also assisted growth in New Gurgaon. This destination is already drawing a lot of investor interest with a hefty price appreciation in the last couple of years. And looking at the trend this region is setting, this active investor interest will only keep on moving north.
Already, over 2,200 residential units have been completed and handed over to buyers with nearly 38,000 more units likely to be handed over the next 3 years.
This will build a critical mass for future development of retail centers which will be an improvement over the current, existing neighbourhood retail shopping centers developed as part of township projects. Some of the towers and projects, parts that have been completed, have been handed over.
A healthy amount of commercial office supply of around 1.9 million sq ft is also expected to come up over the next 3 years here. Apart from this, there are branded hotel projects which point towards current and anticipated demand from business travelers once economic activities pick up.
The fall is very nearly over and the winter breeze would begin blowing soon. The chilling temperatures and short days would make you need to twist up before a blaze and sleep, yet before you do so it is basic that you secure your home from winter chomps. To avoid overwhelming harm, you ought to look through these ten basic assignments.
Carpets and rugs for warmth:
If you dont have floor carpets down in your home, gets one preceding the winter. Thick covers and floor carpets in rooms can help you from getting cold feet literally. Overwhelming rugs and woolen carpets help in hotness dispersal and would not permit the floor to turn frosty cool.
Clean & plan chimney shelves:
Make space for a chimney or hearth, then check it to check whether it is in meeting expectations condition. Unused hearths can be a decent settling spots for fledglings and reptiles and can likewise structure breaks. So check for broken blocks and on the off chance that you discover any issues, repair and seal them. Get the smokestack cleaned appropriately with the goal that it is not obstructed with fallen leaves and extensions.
Seal the windows:
This is a paramount errand in sparing vitality. Seal detached and drafty windows to keep the hotness in. This will likewise go simple on your vitality bills. Caulking splits and tight, thin lines between windows is the easiest approach to guarantee high temperature is not lost. You can likewise cover the windows with a slight plastic film and tape it down.
Get out drains:
Keep the gutters from obstructing as this may ruin the stream of downpour and softened snow. Drainage blockage would bring about family breaks and harm to the establishment so clean your canal of everything from fall leaves and twigs to built-up mud and anything that debilitates to obstruct the channel.
Be careful with winter storm:
A tempest storm can be tiresome to endure and you ought to be careful about the sudden, savage winds battering at your entryways. Since you will be squatted inside amid a storm, keep close by the essential things you would need amid that time. A first aid kit ought to be kept supplied and prepared to use at all times. The pack can incorporate batteries, a spotlight, candles, matches and a lighter; warm garments and covers. It is likewise more secure to keep nearby a battery-fueled radio and a medical aid pack and three days of nourishment and water supplies.
Keep up warming frameworks:
Before the winter begins, check and twofold check you are warming frameworks and guarantee that they are in living up to expectations request. In the event that your radiator is hitter worked, verify you have satisfactory battery reinforcement and in the event that you utilize fuel, keep additional fuel in store.
Cushion your funnels:
Frozen channels are a huge hazard and can blast when the climate gets excessively chilly. Protect the channels going through your home to avert holes and surges. Spread uncovered funnels with protecting materials, particularly the joints and curves.
Winter-evidence your Bedroom:
It is not all that simple to nod off in the event that you are cold icy, so take measures to guarantee satisfactory warming is given in your room. Separated from fixing the windows and splits, utilize substantial, thick covers and blankets for warmth. On the off chance that you have a warming framework inside the room, check it for breaks and guarantee that it is in great working condition. Placed draperies in windows to protect the room.
Protect ventilators and open spaces:
When you protect your home, fare thee well not to pass up a major opportunity for ventilators and little open spaces that are deserted fumes fans and flame broils. Stick a film over the open zones and on the off chance that you have the capacity fix draperies over them, and then do so to anticipate heat misfortune. Fumes fans can be closed with folds so you have to just open them after the chilly season passes.
Clean your garage:
Just like you would do a spring cleaning, do a fall cleaning of the garage. You would a considerable measure of remaining stuff from the mid year that are no more utilized and just consume up room. Sort out the materials as indicated by utilization and keep the late spring materials to the very end while keeping the winter necessities in the front for simple access
In 2015, overall real estate markets are expected to proceed with edge further into recovery. There are a few elements that can be considered as key drivers for the area in 2015, for example, easing pressure of downside risks for rupee and current account deficit, improving export.
For the Indian property market, 2014 was an activity pressed year. The overall economy spoke to a story of two parts. The first half saw an uneventful economy coupled with political ambiguity resulted in poorer business certainty while the second half saw general conclusion restored unequivocally with the arrangement of new steady Government. The first budget introduced by the new Government was having a large number of measures for real estate. This was the first time in last couple of years when real estate was given such a great amount of imperatives in Union Budget. Distinguishable, the business responded absolutely and began envisioning a repeat of 2009 where development of new Government emulated by a turnaround in business sector. Taking prompts from the general monetary opinions, the institutional speculators both household and abroad display expanded voracity and energy to re-captivate with the Indian realty business and business division demonstrated positive retention in any case, the private segment has not grabbed the way advertise players anticipated.
The commercial sector saw a couple of first-class bargains as occupiers began taking long pending land choices. There were solid exchange volumes saw in urban communities like Bengaluru, Pune, Chennai and Gurgaon, then again markets like Delhi, Mumbai and Kolkata stay disillusioned as far as ingestion. Total office absorption until 3rd Quarter 2014 was recorded at 23.73 million sqft across the eight major cities in India, which is possibly short of what the figure of 25.24 million sqft for the same period a year ago. Bangalore caught the lion offer of the aggregate absorption. Exchange volumes in Bangalore were constituted more than half of the aggregate absorption in the main 6 urban areas of India. Gurgaon at 14% and Pune at 13% reflected the hearty interest for Grade "A" office space from engineering organizations. Additionally occupants that are extending took the choice to move from their current space and rented bigger office spaces with general positive rates in these urban communities. Case in point, Flipkart, KPMG and Honeywell together ingests more or less 5.0 million sqft in Bangalore alone. Accenture pre committed to around 0.9 million sqft in Pune and Samsung took up around 0.5 million sqft in Gurgaon.
In residential real estate, there was an increment in enquiries for private properties yet exchange volumes have not yet begun grabbing in the vast majority of the urban areas. Colliers Research information demonstrates that the deals volume in urban communities like Gurgaon, NOIDA, Mumbai, and Kolkata remained very nearly stagnant in the last four successive quarters, as limited speculator action pulled down the general interest. Unexpectedly Chennai and Bangalore saw enhanced interest.
As far as new extend, engineers dispatched different new activities amid bubbly season to bridle the profit of enhanced monetary assumptions and occasional interest Developers were expecting increased traction during the festive season though, the demand in most of the cities remained lack luster. Interestingly, in spite of lower interest, designers did not appear to diminish their base offering costs yet were putting forth different imaginative installment arrangements, for example, ownership interfaced arrangements where one needs to pay just 10 to 30% in advance and the rest can be paid at the time of ownership. This demonstrates that market is most likely confronting the high temperature because of unsold stock. In the auxiliary market, a considerable markdown was accessible on under-development properties. The essential reason of this lower exchange volume is exorbitance. Private land costs have navigated the reasonableness levels in the greater part of the urban communities because of different reasons, for example, heightening in info costs, high investment rates and prospering area costs. As a result of high value focuses the motivators have not turned out to be much of a promoter in the current environment.
Route Forward- 2015
The Indian business is vigilantly energetic with the new government proactive methodology and business certainty has officially begun getting. Different organizations, for example, Moody, IMF, World Bank anticipated attractive GDP at 6.3 to 6.4% and gauge Indian standpoint as consistently developing at lower hazard. In spite of the fact that, it is hard to gauge the land market which is profoundly supposition determined in India. In 2015, general property markets are relied upon to proceed with edge further into recuperation. There are a few elements that can be considered as key drivers for the area in 2015, for example, facilitating weight of drawback dangers for rupee and flow account deficiency, enhancing fare. In business land, REITs will remain the most sizzling point. Land trusts like Blackstone, Brookfield, Xander and Redford have officially begun wanting to dispatch REITs in India. Likewise vast engineers like DLF, Prestige Estates, RMZ Corp, Embassy, and Phoenix Mills Ltd. are lining up to take advantage of the REIT opportunity. In residential segment while absorption in the luxury segment is expected to remain under pressure due to high price points, the launches in the mid-end and low-end segments will continue to have traction at the introductory prices. What center salary home purchaser real needs is undertaking with fundamental enhancements with the value point which he can bear. It was watched that actually amid the subsidence time, ventures with right value point saw high assimilation level. By and large, capital qualities are required to stay steady in the greater part of the business in short to medium term because of adequate stock accessibility in both essential and optional markets.
For those in love, love is all around--in the air and on the walls--literally. Take a look inside, and it will surprise you how even wallpapers depict love sagas.
A couples room is their private den; a place where love rules! From decor to interiors everything here talks about the need to nurture love. Thats the reason interior designers make all efforts to create the perfect ambience in a couples room. A major aspect of room interiors is the wall decor and special attention is paid to make sure the walls talk. Ask experts and they stress that gone are the days when only paints (plain or textured) or paintings were used to spell magic on walls. These days, wallpapers are becoming popular like never before. And mind you, these are no ordinary wallpapers for they create a story, an illusion that todays couples seek. Besides, there are many other factors that make wallpapers a popular choice.
Wallpapers are fabulous accents and thus they are getting popular with young couples who love to change the look of their rooms quite often to keep the excitement rolling. Since wallpapers are not permanent, they allow people to get more experimental. Wallpapers are definitely for those who love to give a theme to their room.
Oh-so-exciting! : Plain, boring walls are passe; bold and daring wallpapers give couples an ambience thats exciting. Quirky wallpapers are in demand. The most popular in the so called out-of-the box range being Erogenous that look like pretty flowers or motifs from a distance, but are actually silhouettes of people from the Kama Sutra. Similarly, Animania is quite a hit amongst couples who love mystical animals.
Mood setters: Apart from being trendy, wallpapers add to the decor. They change the mood of the occupants and add character to a given space. Those who have used them, vouch for wallpapers. Wallpapers accentuate a room by adding a pattern to a wall; they immediately catch attention and give sense of belonging to the occupants.
Sky is the limit: Ask experts and they feel that there is no dearth of options for those who want to experiment
Zero maintenance: The added bonanza of using wallpapers for couple on-the-go is that they are zero maintenance. Good quality wallpapers have some rubber content, which makes them easy to clean and maintain. They can be wiped with a sponge and water. Besides, these are easy to install as well.
Easy on the pocket: The best thing about wallpapers is that they are not hard on the pocket. Wallpapers range from Rs 25 to Rs 2,000 per sq ft and are easily available at leading furnishing stores. They are a notch higher than paints and textured paints but the results are incomparable. And that sure doesnt pinch those who want to be in the league of trendy home owners.
Futures bright: The future of wallpapers looks bright. Looking at the popularity of wallpapers and the experiments thereof, it wont be a surprise if by 2020 we get wallpapers that change color according to room temperatures or wallpapers that might provide depth and reality with their 3D effect. 3D landscape wallpaper can be used to create a garden feel; the themes can easily be then changed to a beach, mountains, etc, giving couples an opportunity to turn their room into their dreamland.
Gurgaon, Noida, Greater Noida, Bhiwadi, Kundli-Sonipat, and Neemrana are some of the hot realty market vying to be declared as smart cities.
The Centre is at a sophisticated stage of finalizing the formidable "100 smart cities" project and has wanted comments and suggestions from the private sector including the academia and the industry.
"We have already put up a draft concept paper on our website and once we finalize the contours we will go to the Expenditure Finance Committee and to the Cabinet," Shankar Aggarwal, secretary to ministry of Urban Development, said at an ASSOCHAM event in New Delhi while inaugurating a national conference on "Opportunities and Challenges at 100 Smart Cities". "It will take a little bit more time as it is a huge task and we got to have wider consultations with everyone all stakeholders have to be consulted and we are in the process of doing that", he said.
Shankar Aggarwal also said, "We are in the process of identifying those 100 smart cities in consultation with the state governments. We have got to focus on satellite towns of mega cities as well as the mid-size towns,".
The Government has already identified 44 contenders for its smart cities project. Out of the 44, six are Gurgaon, Noida, Greater Noida, Bhiwadi, Kundli-Sonipat, and Neemrana.
Government wants to achieve 100% reliable and robust connectivity while taking the advantage of Information and Communication Technology under smart cities.
The idea is to induce 24x7 electricity and water facility, cyber connectivity and urban mobility with a very good quality of public transport system. Information technology will be used to enhance the efficiency of residents of the smart cities.
Residents wouldnt need to sit up for a bus to hit its selected stop; instead, they might solely need to hunt in their smart phones to induce correct info concerning the arrival of the bus at that stop.
Talking about the role of the private sector in developing smart cities across India "Almost 98% work has to be done by the private sector, academia and the industry while only 2%, that is the glue, has to come from the government of India." Aggarwal Said.
Assuring of government support to the private sector he said, "I assure you that we will stand by you, we will strengthen your hand and ensure that this phase of transformation is successful--we are only too happy to be able to bring happiness and prosperity across India."
Assuring of government support to the private sector he said, "I assure you that we will stand by you, we will strengthen your hand and ensure that this phase of transformation is successful--we are only too happy to be able to bring happiness and prosperity across India."
Gurgaon Extension that is the modified name of Sohna Road in the upcoming master Plan 2031 notified Gurgaon-Sohna. This has taken the profile of Sohna Road upward in the realty market.
After the liking of the New Gurgaon-Sohna Master Plan, 2031, Gurgaon Extension is all set to develop as the next alliance of residential, institutional, and industrial, commercial, enhancement.
Gurgaon Extension, or the past Sohna Road, which has been allocated 5,000 acres for residential and commercial development, has best connectivity with Golf Course Extension Road. The area is also got a joint to NH-8.
A number of developers and promoters like IREO, Spaze, Ansal and SS Group have started obtain land banks in the area, while those with SEZs (special economic zones) are deliberate land-use change after the notification.
With developing infrastructures, fast connectivity, and accessible world-class realty projects, the new real estate development zone is prepare to serve to the needs of every home buyer looking for a nice property in Gurgaon and its nearby areas at affordable prices compared to other localities. With a demand on large scale for housing, this realty market is set to have a number of housing projects. A realty expert says that the Gurgaon-Sohna realty market is a commercial market and has no affect of price movements and submission of projects located along Golf Course Extension Road or Dwarka Gurgaon Expressway.
This is a right time to take entry in this firm, so investors, developers -- most of the big real estate firms from the NCR, Mumbai, and Bangalore -- are actively looking to obtain residential FSIs in the new Sohna master plan.
Analysts believe that with so many amenities and facilities estimated to offer in the Sohna master plan, the area with its new marketing name, Gurgaon
Gurgaon has a huge demand for property, which, due to the enormous prices in the main Gurgaon market, has been largely unmet. If we talk about affordable housing, people who work in Gurgaon have no options.
Hence, newer areas like Gurgaon Extension, offering equally good houses at less than half the rate, will offer to that demand. After a survey it reflects that Gurgaon Extension, today, enjoys a niche position in the realty market.
To provide more comfort regarding home facility builders of Sohna currently named Greater Gurgaon offers 1 BHK and 2BHK on affordable prices.
The Dwarka-Gurgaon Expressway connects Dwarka with NH-8 at Kherki Daula and is the widest ever expressway project undertaken by the Haryana government. Once complete, it will ease the rush on Delhi-Gurgaon Express way and provide seamless connectivity between the national capital and the cyber city.
The region around Dwarka-Gurgaon Expressway is all set to emerge as the hub of the residential and commercial activities of Gurgaon and Manesar.
The construction of the 150 meter-wide expressway connecting National Highway 8 to the international IGI airport in Delhi, which will connect the residential and commercial developments around the expressway with other parts of the NCR, will provide huge advantage to the region.
Dwarka-Gurgaon Expressway also known as NPR (Northern Peripheral Road), is a Huda (Haryana Urban Development Authority) project designed to ease traffic rush on the operational Delhi-Gurgaon Expressway (Delhi-Jaipur Highway). The local government is also planning to develop rail-based transit system like Metro rail to connect the region to Delhi.
A senior government official said that the development of Delhi-Mumbai corridor will also add value to the area, as the corridor is likely to pass close to the region.
The government, in order to develop the region as a global residential hub, is developing world-class physical infrastructural facilities like electricity supply network, water supply system, and sewage disposal system. A number of parks and other facilities are also being developed by the local government.
The importance of the entire project may be understood from the fact that the authority is also developing a diplomatic enclave on the expressway. This will add value to the quality of living in the area, apart from enhancing the prospects of the real estate projects in the region.
In the series of Eco friendly project we have one new project offered by SS Group in sector 83 named Hibiscus 2 that is surround by great features and best by location and cheap in price in compare to other residential projects.
From the consistent years the value of real estate being developed on Dwarka-Gurgaon Expressway has appreciated by around 100% - from Rs 3,500 per sqft to around Rs 7,000 per sqft - despite slowdown in the realty sector during the period.
Consultants even say that once the construction of the expressway is complete, the rates of apartments in a number of projects on this stretch will appreciate to over Rs 10,000 per sq ft. Developers with projects on the expressway and the local government officials say that the construction of the expressway is likely to be completed by the middle of 2015.
Work on around 90% of the 18 km-long expressway is already complete. There are only four small stretches where the construction is still in progress.
Apart from this, land for 700 meters of the road is under various Huda (Haryana Urban development Authority) utilities, which Huda is shifting. The work that pending approval, will be start soon.
Land in the balance 2.5 km of the road is under a stay order from the high court as a number of houses of farmers are on it. The court directed the state government not to disturb any possession till the writ petitions are settled.
Not all home decorating ideas need a significant investment of your time and cash. just in case you are sorting out a number of cheap home interior decorating ideas to wash a space over a weekend, Build your home distinctive with these very little accents:
Rearrange the piece of furniture: Pull your furniture far from the walls. Try positioning it at intriguing angles. Composition the couch diagonally across the slim lounge can build the area look wider and give a warm, welcoming format.
Paint, paint, and clean: You may be stunned by what a coat of latest paint or cleanup your existing moldings and doors will do to any area, or to your whole house. Keep in mind baseboards, moldings and doors. Discover new colors and helpful utensils at your close home improvement store.
Paint a wall: Paint one wall along with your most beloved color and makes it the center of attention. Droop attention-grabbing art on it wall and move a pleasant piece of piece of furniture there.
Bring in plants: Greenery always includes a way required refresher to a space. If you do not have a specialty, try silk plants and trees. The standard is nice to the purpose that its difficult to acknowledge them from the important factor.
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Hang photos or a mirror: Hang photos that replicate your temperament. Try frames that square measure a lot of luxurious. When hanging a mirror, try to position it with the goal that it reflects decent view or a fascinating element.
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Group figurines: Pull out your most beloved collectibles. Brag your identity. Discover a showcase zone and cluster connected objects along, in sets of 3 or 5. Try to vary the shapes.
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Replace lamps: Lamps are probably the one thing in your home that will give others a clue that your room is outdated. Seek out new and fresh lamps that make a statement.
Add ornamental pillows: The nice news concerning ornamental pillows is that they are simple thanks to add textures and patterns to a space. Still higher, they will be modified to ginger up a settee or chair before your area is prepared for a serious makeover.
Add candles/candle holders: This is often invariably a winner. If you have got some intriguing candle holders, try those. Use a minimum of 2 candle holders for balance.
Display a figure or sculpture: Any conspicuous sculpture or figure can build an exquisite statement yet as a center of attention.
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Display pottery: Earthy and heat, pottery makes a good addition to your interior interior decoration.
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Use an ornamental screen: An ornamental screen makes a wonderful background in any area. It adds dimension and texture.
If your area is decoratively challenged, try a number of these ideas to feature life to your interiors.
The government has relaxed FDI norms as stated in the Union Budget which is able to conceivably double the influx of funds into the real estate sector and make the country a step nearer to NDAs poll promise of Housing for all by 2022.
The governments call to relax foreign direct investment (FDI) norms in the construction industry will go protracted approach in reviving the sector. Builders and developers say the choice will definitely facilitate in bringing down the cost of construction, because it can result in the supply of low funds to the sector.
This will not only solely result in to the creation of new jobs in the industry, but also help the government achieve its poll promise of Housing for all by 2022.
The Union government reduced the necessities of minimum built-up area to 20,000 sq meters from the existing level of 50,000 sq meters for 100% FDI in the construction of projects under automatic route.
It also reduced the need of minimum capital investment for a project to qualify for 100% FDI by 50%, to $5 million from $10 million. Apart from this, if a developer constructs affordable houses on 30% of the project area, the new norms have waived off all the necessities for 100% FDI.
These measures have the potential to more than double FDI inflow into commercial real estate, hotels, housing and townships in the next one year.
The governments call will definitely facilitate the real estate sector, but added a caveat that the government should streamline the approval processes additionally in order to make business easier. The governments call to ease funding rules for FDI within the construction sector may be a step in the right direction.
However, this was not among the big reforms needed to to attract around $1 trillion over the next five years to overhaul infrastructure like ports, airports, and highways, which might boost growth.
The government should work to introduce larger reforms which are required to make it easier to do business in India. The countrys ranking has recently slipped by two points to 142 among 189 countries.
Performance falls even further when one considers two areas that are important to the real estate business coping with construction permits that weekend to 182 out of 189, and imposing contracts, ranking 186 out of 189 countries! In terms of direct support to the residential sector, availability of finance is an important area with mortgage debt in India only around 9% of GDP versus China (35%) and the UK (70%).
Buying a home is one of the best investments available and inspiring families to buy through finance offerings is a good policy. With progress on these fronts, FDI investments will naturally flow into India, attracted by the tremendous potential of the size of the population, increasing earnings and urbanization.
Apart from the financing norms, the government also set to ease the otherwise cumbersome procedure to exit a project and repatriate profits. This will also act as one more advantage for foreign investors. India attracted $1.2 billion in foreign direct investment in 2013-14, whereas the FDI inflow was $1.3 billion in the previous year in the sector.
This call has sent a positive signal to the real estate sector, which will be reflected in the coming days. The new changes can facilitate attracting money, which might revitalize the sector parched for funds. It would also increase the supply of affordable housing in the country, which is the highest priority for the new government.
100% FDI would mean that more capital will be invested in towns and cities for the development of residential and commercial spaces. The new policy announcements would enhance the general investor sentiments and expand the inflow of funds.
The decision was the much needed breather for the sector and would encourage developers to be more aggressive in the segment, whereas taking development beyond metro cities.
This would ease the burden of lending for banking and non-banking institutions, which till date are bearing the load of capital needs of the real estate sector, thereby serving other sectors grow.
The relaxation in FDI norms, a stable government, and an investment friendly market have all made people very optimistic about the Indian real estate market according to the report, Delhi/NCR was the most favored property investment destination for NRI, followed by Ahmedabad, Pune, Chennai, Goa, Bangalore, and Dehradun.
The economy is demonstrating upward development after the NDA government went to the Center in May, and with it the land division excessively is hinting at positive recovery. This has offered stimulus to NRI ventures also.
The way the Indian realty division has developed and created in the recent past is praiseworthy. This daylight segment is currently turning into a standout amongst the most favored speculation choices for a lot of people, including organizations and people much the same. This developing industry has now turned into the current most loved of NRI who are energetically putting resources into properties in their country.
NRI interests in Indian realty may climb by 35% in 2014. This is a direct result of the decision of a solid and proactive government into force furthermore the empowering Budget that took after. This has reflected in stocks, with the Bombay Stock Exchange Sensex hitting levels of 26,000 inside few weeks after declaration of race results. The BSE Realty Index, among Indias most inadequately performing since the time that the worldwide monetary emergency (GFC) hit, additionally picked up more than 74% in the course of the most recent nine months.
Ideal demographics and expanding urbanization look good for the private realty segment. Indian laws grant NRI and PIO to put resources into business and private sections. Indian laws additionally permit repatriation of benefits emerging from offer of property in the wake of paying a long term Capital Gains assessment of 20%; NRI and PIO can likewise get an expense waiver, if the capital additions are re-put resources into an alternate property.
The unwinding in FDI standards, a stable government and a venture amicable business has all made individuals exceptionally idealistic about the Indian land market. Financial specialists are anticipating the new governments drives towards usage of framework undertakings, justification of the assessment administration as for securities and items transaction charge, alongside different changes.
There is absolutely an upsurge in the pattern and it can be relied upon to climb further in the future. So, what are the most favored ends in India that NRI are all the more eager to contribute? As per the report, Bangalore was the most supported property venture end for NRI, emulated by Gurgaon, Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun.
NRI have a tendency to purchase Indian property either for self use or for speculation.
NRI have a tendency to purchase in their local urban communities and towns and in the second occasion in urban areas that demonstrate the most development potential regarding employment creation and the resulting interest for properties. Probably the most important urban communities in both classes are Bangalore, Chennai, Pune, Coimbatore, Kochi, Hyderabad, and the Delhi NCR.
The enquiries are principally originating from NRI dwelling in the UAE, the US, Singapore, Australia, the UK, Canada, and South Africa. Additionally, this year, interest is more for the top of the line properties and business structures, engineers. NRI search for money creating properties to contribute, inside their funding requirements. Private properties which can get great rentals are most noteworthy support due to the reasonableness element furthermore as a result of the lower hazard. NRI who have budgetary clout and danger hankering are likewise putting into rented out `grade an office spaces in essential urban areas.
Purchasers comprehend that business realty is one range that has not had value thankfulness as seen in private realty. With business land accessible at rates lower than private properties, it is plainly under priced and has a solid room to make up for lost time in value gratefulness within a brief period of time.
The last 4 km of the ongoing construction of the 18 km Dwarka Expressway has had most buyers and realtors excited and concerned. Real Estate advisors & trend watchers believe that this infrastructural development, set to connect Delhi and Gurgaon in an hour, is decisive when it comes to real estate.
Why Dwarka Expressway?
Barely 10 km from Gurgaon is Dwarka Expressway which is nearest to Delhi. The area proximity to suburban business districts of Sohna, Cyber City, Golf Course Road and even to the peripheral business districts of Manesar can be decisive for the growth potential of the property market along the Expressway.
Reputed realty players like Ansal, SS Group have launched their projects and in the absence of pocket-friendly choices anywhere else, Dwarka Expressway is a promising deal. Sectors closer to Delhi command a 30 per cent premium, while properties towards the end of NH-8 are relatively affordable.
For frequent fliers, the area is barely a few minutes from the international airport. All these amenities plus a proposed metro are what the upper-middle class Delhi buyers know as affordability today.
The impact of all these facilities reflects on the prices in the area, Prices have also appreciated quickly, from Rs 2,500-3,500 per sq ft a few years back to around Rs 5,000 per sq ft in terms of re-sale and anywhere up to Rs 11,000 per sq ft for new property.
Sectors near the Dwarka expressway are Sectors 99 to 113, 83 to 86. The Gurgaon-Manesar Master Plan-2012 has given a boost to the Expressway. The total stretch covered by the expressway is around 18km including a wide road, which is around 150 meters wide, starting from Dwarka and connecting to Palam Vihar. The main objective of the expressway is to reduce the travel time of people commuting from West Delhi to Gurgaon.
Sectors on the expressway, like Sectors 110A, 111, 112 and 113, which are near Delhi, are likely to see higher appreciation in the future. Sectors near the expressway are Sectors 37D, 83, 84, 88, 99, 100, 101, to 110 are being developed as residential and commercial, with the maximum area dedicated for residential development.
The last leg of construction of the expressway is very crucial, almost like a beginning when it comes to unfolding the real estate chapter of the area. If the expressway project gets delayed, there would be genuinely low interest in the area, less re-sale units transacted in the market and therefore, there wouldnt be any fresh money in the local real estate economics. In the long term, however, the market is sure to pick up.
Development is continuous but prospective buyers are few owing to the slowdown in the market in general as well as that of the expressway project. Majority of the properties is under construction and developers seem to be knowingly delaying their projects.
Projects like the Faridabad-Noida-Ghaziabad Expressway (FNG) have got so delayed that they have just given way to a lot of construction activities coming up and realtors trying to market their projects owing to proximity to the FNG.
Online discussion forums, consisting of prospective buyers and those who have already put in their money banking on future prospects of FNG, reveal that such project delays have disillusioned prospective buyers. Similarly, Dwarka Expressway where work started in 2011 and was scheduled to be operational by 2012.
Further delays because of litigations and land acquisition have pushed the deadline to the year 2017. Buyers have taken the cue and therefore there is a lull in the market. Undoubtedly in the long-term, the Dwarka Expressway is a practical investment.
Real Estate sales have risen by over 20% in the Gurgaon region in the run-up to Diwali this year as compared to last year which shows signs of improvement in the market that faced a slowdown in 2013.
Real Estate experts and consultants say all thanks to a new government, which has managed to improve investors confidence, and the attractive marketing strategy adopted by many developers. This trend is likely to continue over the next few months.
Last year was disastrous for the real estate market, as no one was interested in buying anything. But this year, the market is more optimistic, with the high as well as middle class coming out, making enquiries and even booking apartments. This results in a rise of bookings by over 20% as compared to last year.
Commercial space also has witnessed an upswing in the sales over the last few weeks. Today, commercial development is visible near Dwarka Expressway. This area has been growing with IT sectors, corporate offices, shopping malls, studio apartments etc. This will ensure that this area has enough employment opportunities and walk to work is not a dream. Many industry watchers have already begun calling Dwarka Expressway the centre of Gurgaon!
In this Festival season Ansal Housing comes up with new commercial project with high street retail and office space on Dwarka Express Way Ansal Centre Walk Sector 103 Gurgaon. Covering the site area of 3.5 acre Ansal Centre Walk on Dwarka Expressway offers G+12 Structure which includes, high street retail, anchors, showrooms, banks, entertainment zone, multiplex, Gaming zone, serviced suites, office space, Food courts, Banquets etc. Above all, Ansal Centre Walk Sector 103 Gurgaon will be Wi-Fi enabled structure with dedicated business center as well as a reception for solving general queries of the visitors.
People are investing in new projects, particularly in Gurgaon and New Gurgaon. Most are going for apartments which are near Dwarka Expressway, as they provide good connectivity to nearby areas.
The emerging town Sohna, which was once considered as a remote area, is now one of the hottest destinations for investment in the NCR.
Sohna Road which connects Gurgaon & Sohna once a bumpy, two lane road has now been replaced by a busy, six-lane highway. The housing and commercial developments along Sohna Road have now reached Sohna town and the area has seen a sharp rise in property prices.
Sohna is a town and a municipal committee in Gurgaon district in Haryana. Located 24km from Gurgaon on the highway from Gurgaon to Alwar, the town is famous for its hot springs and ancient Shiva temple. Some of the institutes of repute here are G D Goenka University and K R Mangalam International University.
Prospects for investment While Manesar is a major hub after Gurgaon, surrounding towns like Sohna and Bhiwadi have also started attracting investments in a big way. Sohna has great connectivity to Dharuhera, and onwards to Rewari, on NH-8, by Tauru road to Gurgaon, by Sohna Road to Palwal via KMP Expressway--and directly to Faridabad as well.
The biggest USP of Greater Gurgaon Extensions realty market is good connectivity and accessibility. The proposed 90-metre-wide link road from Gurgaons Sector 63 merging into the proposed 150-metre-wide Gurgaon Extension Road will not only reduce the travel distance by a couple of kilometers, it will also ensure a smooth travel from Golf Course and Golf Course Extension Road.
The KMP bypass would take care of the heavy vehicular movement, reducing the traffic flow on the existing Gurgaon-Sohna-Alwar Highway. Also, the emerging area will have excellent connectivity with the NCR through the proposed Metro line.
Sohna is going to flourish and the quick appreciation on investment in real estate market. The 1,483km long Delhi-Mumbai Industrial Corridor (DMIC) is also located close to the forthcoming realty projects of the town.
Major developers like Eldeco, Shree Vardhaman, Ireo, Godrej, Tata Housing etc have plans to launch new projects here. Considering the residential and commercial developments on Sohna Road and Sohna itself, the area can be assumed as the next big thing for realty development after MG Road.
BREEZ BUILDERS & DEVELOPERS (P) LTD is also developing a residential project Global Heights in Sector 33, Sohna, under the Haryana Govt. affordable housing policy to cater to the housing needs of the middle class and lower middle class at affordable rates in the urban areas.
The group has been awarded a License by Govt. of Haryana to develop an Affordable Group Housing Colony in the Sector-33 Sohna Road, Gurgaon. Sector-33 Sohna is very close to Industrial Area of Sohna, and Sohna Town. It is surrounded by the beauty of nature along with renowned Institutes like G D GOENKA University, K R Mangalam International University.
The project has 1BHK & 2BHK flats at the government rate of Rs 3,600 per sq ft on carpet area. The project is just 20 minutes drive from Rajiv Chowk in Gurgaon and will be completed in three years. All the apartments in the project are come with basic amenities required for living.
Govt. of Haryana has rolled-out Affordable Homes Policy to cater the needs of home for middle class and lower middle class people in the urban areas.
Considering the fast urbanization taking place in Gurgaon during past few years, this region has come up with huge demand of real estate market. A key driver of demand is the employment generated in Gurgaon. There is a large inflow of highly as well as low paid professionals into Gurgaon every year, which converts into strong demand for housing in peripheral areas.
For Highly paid professionals Gurgaon offers a range of 2BHK and 3BHK apartments which costs nothing less than 75 lacs, but lags behind the dreams of any middle class family of owning a home in the city which require 1 BHK apartments.
Catering to the housing problems of all sections of the society, the Haryana Government had announced the Affordable Housing scheme for Gurgaon in 2013. Though the proposed plan had gathered momentum, but there have been many factors that have led to the supply constraint, one of them being the lack of affordable land. After the government and RBI announced special schemes and incentives for affordable housing, developers are struggling to acquire low cost land for affordable housing projects. The land prices in Gurgaon are soaring sky high, and cheap land is only available in the outskirts of the city.
Under this Affordable Housing Scheme government aimed to provide 30,000 residential flats for the lower middle class segment, and offered special rebate for building affordable houses. Around 35 developers had applied for the rebate, wherein apartments of pre-defined size are made available at pre-defined rates within a Targeted time-frame. All such projects shall be required to be necessarily completed within predefined timeframe from the approval of building plans or grant of environmental clearance, whichever is later. The licenses shall not be renewed beyond the said time period from the date of commencement of project.
To cater the needs of home for middle class and lower middle class at affordable cost in the urban areas BREEZ BUILDERS & DEVELOPERS (P) LTD has been awarded a License by Govt. of Haryana to develop an Affordable Group Housing Colony in the Prime Sector-33, Sohna Road, Gurgaon. Sector-33 Sohna is very close to Industrial Area of Sohna, and Sohna Town. It is surrounded by the beauty of nature along with renowned Institutes like G D GOENKA University & K R Mangalam International University.
The best part is that these apartments are located on well-developed streets with all necessary infrastructural facilities likes as 24 hours water supply, power supply and also 24 hours security. These residential apartments offer 1 & 2 BHK Flats which have Gated Community. The prices of the apartments are Rs. 3,600 per sq ft., which was comparatively quite cheaper, compared to other properties. On long term these apartments give good returns.
The Real Estate Market is demanding rate cuts, so that buyers affordability in purchasing a house improves. Any rate cut is likely to help in reviving the real estate market. This is also likely to help other sectors of the economy to improve their performance.
As RBI has not cut rates the real estate sector is disappointed, but bankers say interest rates on home loans are likely to drop in the near future, as the liquidity in the banking system has improved.
Real Estate prices in ral terms after adjusting for inflation are expected to come down, RBIs governor Raghuram Rajan said.
The value of properties should increase in a growing economy, but the housing data suggests that with inflation rate at 7% to 8%, prices are coming down in real terms and becoming more affordable as wages are going up, RBIs governor Raghuram Rajan said.
Despite this favorable observation by the RBI governor, the central bank continued with the existing high benchmark interest rates signaling banks to continue with tight liquidity policy to contain retail inflation to around 6%. But, the good news is that many bankers are of the opinion that despite RBIs decision not to cut rates, interest rates on home loans are likely to soften in the near future, as the liquidity in the banking system has improved. Real estate association CREDAIs president (Elect), Getamber Anand, expressed his disappointment at the RBIs decision to not cut interest rate. He said that a cut in interest rate would have helped revive the economy.
In fact, in the past seven years, RBI continued to believe that real estate prices were soaring and it was a bubble in the making. Because of this, RBI discouraged banks from lending to the real estate sector. With the economic indicators being stable and inflation coming down, a rate cut would have attracted more buyers to the sector during the festival season. We believe that it is only a matter of time before home loan rates come down giving further boost to consumer sentiments and real estate demand. However, in the near future, the RBI governor hinted at lowering rates if the macro conditions permit, which would boost the market sentiments.
RBI has decided to maintain its status quo on key policies, though lowering the interest rates would have acted as a catalyst to boost housing demand. As anticipated, with the change at the political front and onset of festive season, positive sentiments are seen in the market and lowering the rate of interest would have encouraged homebuyers further. The decision to have stable policies will be beneficial in the long run but keeping in mind the current moderate demand in the market, a small cut in the rate of interest would have made a big difference.
The decision of RBI to keep the interest rates on home loans unchanged has dampened our hopes, as the interest rates in the last quarter were also not touched. But this time the expectations from RBI was that keeping in mind the growing positive sentiment in the real estate sector, the reduced rates on home loans would have given impetus to the existing upward graph of the positive sentiment being shown by home seekers ever since the new government assumed office at the Centre.
Raghuram Rajan, however, is not overtly concerned about the high property prices. Buyers cash down payment of 20% while purchasing a residential unit provides enough cushion to the banks loan, he said.
Raghuram Rajan said the appreciation in property rates is in tandem with the inflation in a majority of cases, and added that the RBI is not concerned about the lenders perspective because there is an equity component which home buyers get in while getting a loan.
In the view of high property prices Haryana Govt. has also taken a step. Haryana Govt. is intended to encourage the planning and completion of Group Housing Projects on Sohna road wherein apartments of pre-defined size are made available at pre-defined rates within a particular time-frame. All such projects shall be required to be necessarily completed within predefined time frame from the approval of building plans or grant of environmental clearance, whichever is later. The licenses shall not be renewed beyond the said time period from the date of commencement of project.
Sohna Road is appearing as the booming realty destination in Gurgaon and is proving to be in good demand with supply keeping pace. An example of this lies in is the high number of transactions taking place in this area.
Sohna Road has residential apartments, commercial spaces, villas, IT parks and retail. As a result this location has become the centre of Gurgaon.
The availability of land for commercial and residential development is one of the main factors driving development in this location. As a result it shows huge demand and appreciation in property prices on the Sohna Road. The Master Plan Sohna for the city has opened up many sectors for real estate development. With 30 to 35 sectors getting approval, the area is witnessing huge real estate activity.
Over the several past years, real estate values in Gurgaon have shown a significant appreciation of almost 50% in both the commercial & residential segments, making it a sought after destination for investors.
Commercial projects command Rs 12,000 per square foot while IT parks come for Rs 5,500 to 6,000 a square foot. Residential plots in the area range between Rs 70,000 to 80,000 per square yard, prices for apartments range between Rs 6,000 to 9,000 per square foot.
One of the main reasons for the growing demand is the infrastructure and enhanced connectivity options that are improving, but not enough to keep pace with the growth in the area.
Old Gurgaon is saturated and after old Gurgaon, the only availability of raw land for expansion of Gurgaon is Sohna Road. The Sohna Road is proposed to be widened to six lanes with good connectivity to NH-8 and this has made the area the next sought after residential & commercial destination.
A key driver of demand is the employment generated in Gurgaon. There is a large inflow of highly paid professionals into Gurgaon every year, which converts into strong demand for housing in peripheral areas.
In the view of meeting supply of high demand Haryana govt. have also taken a step. Haryana Govt. is intended to encourage the planning and completion of Group Housing Projects on Sohna road wherein apartments of pre-defined size are made available at pre-defined rates within a particular time-frame. All such projects shall be required to be necessarily completed within predefined time frame from the approval of building plans or grant of environmental clearance, whichever is later. The licenses shall not be renewed beyond the said time period from the date of commencement of project.
The luxury housing market of the Gurgaon is currently seeing a greater influx of end-user demand, in contrast to the previous trend of the investment-driven purchases.
Gurgaon will continue to see increased investment in the luxury housing space due to the strong demand in the region.
This is also coupled with the fact that Delhi does not create any significant housing supply in the mid-market segment, leading to a spillover for luxury housing into the peripheral locations of Gurgaon.
Gurgaon today has a growth story that mirrors India growth over the last decade. It has become the city with the third highest per capita income in India.
The luxury housing market of the Gurgaon is currently seeing a greater influx of demand, in contrast to the previous trend of the investment driven purchase. The sale of luxury projects has risen by around 30% in the past few years, with luxury housing in Gurgaon seeing both demand and value appreciation.
Spurred by new projects offerings, greater influx of end-user demand, and a burgeoning upwardly-mobile segment, luxury and ultra luxury housing projects, are seeing higher demand in the residential market of Gurgaon like Dwarka Expressway, NH-8, Golf Course Extension Road.
On the supply side, some new luxury project launches continued to focus on cost-effective options in alternative markets, particularly in New Gurgaon.
Developers largely focused upon luxury housing in Gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high rise and mid rise segments along the Dwarka Expressway and New Gurgaon area. Even though units in residential projects launched by developers attracted maximum buyer interest and purchases, developers across segments continued to adopt various strategies like further discounts to boost sales.
Sale of luxury projects has risen by 30% in the past few years, with units in this segment in gurgaon seeing demand and value appreciation developers largely focused upon luxury housing in gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high-end and mid-end segments along the dwarka expressway and new gurgaon area. Another hub for premium residential projects is Golf Course Extension Road. The area has premier lifestyle projects in both residential and commercial segments. A numbers of green-rated townships and group-housing projects have been planned on this long stretch directly connecting to the main Gurgaon-Sohna Road.
Golf Course Extension Road is the next destination for premium residential projects in Gurgaon. Besides being well connected, the area offers well-developed infrastructure with 84-metre-wide roads and 24-metre-wide by lanes, which corresponds to developments in the western countries. The area also offers excellent social infrastructure with shopping malls, commercial developments, hospitals, and educational institutions. The main objective of projects being developed along Golf Course Extension Road by private developers is to create energy-efficient, water-efficient, comfortable, healthy, and environmentally-friendly buildings and homes.
Increasing demand for luxury units, coupled with challenges like insufficient demand, inflation and lack of funding are all likely to put pressure on housing prices in the region in the short to medium term.
However, the situation can be marginally improved if new projects are launched at affordable rates. Values of Projects across most of Delhi micro markets underwent a marginal dip due to rising preferences for apartment units over builder floors in the region, besides cautious buyer sentiments, over the last few quarters.
Connectivity of Gurgaon to Dwarka Expressway bring boost to real estate project which acts as a pull for the buyers and investors. Perception of people buying properties, in terms of distances, has changed as people want to live in well planned projects, which have rapid commuting infrastructure. Properties that have come up near this expressway have seen a tremendous response.
The Dwarka Expressway is receiving more attention today. The road starts from Dwarka to the NH-8. Customers are attracting to projects located on Dwarka Expressways, as they provide good connectivity to nearby areas.
Developers and Buyers are jostling to get a fair share of the pie in this area. Reason behind the heightened expectations and interest is good connectivity, which the Dwarka Expressway will provide. It will provide faster access to the airport; connect close to the 100-metre-wide road proposed in the new master plan, and the areas will also have good connectivity with the proposed diplomatic enclave and the current Metro corridor.
Sectors near the Dwarka expressway are Sectors 99 to 113, 83 to 86. The Gurgaon-Manesar Master Plan-2012 has given a boost to the Expressway. The total stretch covered by the expressway is around 18km including a wide road, which is around 150 meters wide, starting from Dwarka and connecting to Palam Vihar. The main objective of the expressway is to reduce the travel time of people commuting from West Delhi to Gurgaon.
Dwarka Expressway is the lifeline for people who are living in Dwarka and working in Gurgaon. Development is taking shape at a very fast pace. It is developing as a hub for commercial and entertainment activities and is amongst the most preferred locations to stay in the NCR region, with its proximity to Gurgaon and link to Delhi-Noida.
The Expressway, which is under construction, will join new residential colonies, apart from the commercial corridors. Realty experts say that the land acquisition for the expressway is nearing completion; the demolition of some houses in Palam Vihar in litigation and a final verdict is awaited. Sectors on the expressway, like Sectors 110A, 111, 112 and 113, which are near Delhi, are likely to see higher appreciation in the future. Sectors near the expressway are Sectors 37D, 83, 84, 88, 99, 100, 101, to 110 are being developed as residential and commercial, with the maximum area dedicated for residential development.
The appreciation of property prices will be good near this area. The land value of the areas adjoining the Dwarka Expressway is already being compared to that of Dwarka. Property prices are going up rapidly, having shown an increase of Rs 1,100-2,000 per sq ft in the last two years. Starting from Rs 2,800-3,500, prices have now touched Rs 3,900-5,500 per sq ft. New Gurgaon and other areas coming up here will be more expensive once the NPR is ready
The popularity of the area has seen big names of the real estate industry entering the market of this expressway. Some of the big names are SS Group (SS Omnia-86, The Leaf-85, Almeria-84), Ansal Group (Ansal Hub 83, Ansal Amantre 88A, Ansal Upcoming Commercial - 103).
Dwarka Expressway stretch could turn out to be the Hub for commercial projects once its completed.
Millions of commuters can soon actually enjoy the drive between the NCR and Millennium City Gurgaon, as around 14km of the 18km-long Dwarka Expressway is ready and, the rest is expected to be completed by next year. This is indeed good news for those who have booked flats here, as it a sure signal for prospective end users and investors as once the Dwarka expressway becomes operational, prices are likely to shoot up and go beyond the reach of many of the fence sitters.
Commercial projects surrounding the expressway are among the best for real estate investment given their proximity to the international airport, the proposed Metro station, railway station.
Today, Dwarka Expressway has emerged as a prime destination. Investor experts are bullish about this area and say that it is poised for phenomenal growth with the best names in the realty industry having launched commercial projects here. This is the right time to invest as prices here have stabilized and would only rise, exponentially, here on. Apart from smooth connectivity, planned urbanization and infrastructural development along Dwarka Expressway makes the area a favored destination for investors. When operational, the Dwarka expressway will act as a new business channel between Delhi and Gurgaon.
Various commercial options are available at lesser price than most places in Gurgaon. Ansal is coming up with Ansal Hub in Sector 83 which has retail shops; AMB Group will be launching its project AMB Selfie Square with high street retail shops, food zone, clubbing zone, spa & fitness etc. SS Group brings SS Omnia in sector 86 which have retail, office, restaurant space as well as studio apartments.
Today, commercial development is visible near Dwarka Expressway. This area has been booming with IT-ITeS sectors, corporate offices, shopping malls, studio apartments etc. This will ensure that this area has enough employment opportunities and walk to work is not a dream. Many industry watchers have already begun calling Dwarka Expressway the centre of Gurgaon!
SS Group hosted Grand party recently at a hotel in Gurgaon to celebrate the launch of SS Group upcoming project, Omnia, Sector 86. SS Group chairman Sukbhir Singh Jaunapuria and director of SS Group Ashok Singh Jaunapuria, were also spotted at the event. The gathering included many known names from the real estate sector. SS Group corporate head Manoj Shukla and Ashok unveiled the brochure of project
The party was a double celebration for SS Group as they have completed almost two decades in the real estate sector and also launched SS Omnia the dream project. Ashok Singh said that with the rapid development of Millennium City, they have planned a new commercial project in new Gurgaon, which shall be an integrated with the master-planned commercial complex. The whole project comprises of beautiful landscaping, amenities and security of premium in class.
The project SS Group Omnia has open market retail shops, office space and studio apartments, all in one place in the upcoming SS City sector 86 Gurgaon. The event was graced with singer Harshdeep Kaur who delighted the audience with her soulful singing, and a belly dance performance which concluded the evening.
According to industry estimates, currently New Gurgaon & Dwarka Expressway collectively have over 45,000 residential units under construction, a majority of which are likely to be delivered between 2015 and 2018.
Dwarka Expressway residential market has been one of the prime activity centers for investors and home buyers, as its housing supply is keeping pace with demand. A report says that Gurgaon is the second largest contributor to the NCR residential market supply after the developing twin cities of Noida-Greater Noida. Experts estimate that the developing pockets of New Gurgaon contribute 24% of the units under construction in the Delhi NCR region and within Gurgaon the emerging destination of Dwarka Expressway is significantly contributing to this supply.
The attractiveness of the real estate hot spots has increased even more because these fulfill the rising residential demand within the region with better-quality properties. The new sectors falling under these regions have progressed to become the signposts of rapid development and massive commercial growth in the last few years.
Property expert say that realty development along Dwarka Expressway is being acclaimed as the home of high-income group individuals, as even the affordable apartment can only be had in the range of around Rs 50-60 Lacs. Hence to secure potential customers, there has been a contest to set up commercial locations on the expressway to obtain most of the business leverage. Also, in light of such comprehensive facilities in the form of a wide range of commercial and institutional establishments, the demand for residential units in Dwarka Expressway, too, has gone up in recent years.
Established and renowned developers like SS Group, Ansal Housing, Vatika, BPTP etc, have already launched projects and commenced construction on Dwarka Expressway. NCR-based SS Group is developing a couple of projects on Dwarka Expressway. They are developing one ultra luxury residential project in Sector 83 & one commercial project in Sector 86 Gurgaon. The project is strategically located at the intersection of NH-8 and Dwarka Expressway, in Sector 83 & 86 Gurgaon. Its connectivity will be further enhanced by a new ISBT terminal and a proposed Metro station in the vicinity.
New Gurgaon near Dwarka Expressway is an investor paradise and analysts highly recommend projects in this area.
According to the recent report, properties in as many as 30 sectors of Gurgaon have appreciated by more than 100% in the last four years. Development activities in New Gurgaon have given a new lease of life to the real estate activities in Gurgaon, after the merger of master plans of Gurgaon and Manesar.
At present, New Gurgaon is home to the highest number of professionals per sq km in the country and also has the third highest per capita income.
Top notch realty players and promoters like SS Group, Ansal API, Unitech, DLF, Vatika among others, were the pioneers in identifying Gurgaon as a strategic location and establishing it as the hub for residential and commercial projects.
The new sectors of New Gurgaon, including Golf Course Extension Road, NH-8, Dwarka Expressway & a proposed ISBT project is also going to see planned and effective civic infrastructure. Wider roads, less congestion, more open spaces, and easy commuting due to access to NH-8 and Dwarka Expressway are other advantages of investing in Gurgaon and its peripheral areas. All these factors promise good returns and make New Gurgaon an ideal destination for investment.
Over the years, new realty sectors of Gurgaon have seen vast improvement in infrastructure with the development of new roads and highways like Dwarka Expressway, NH 8 and better connectivity through the launch of Metro and Rapid Metro.
With the presence of over fifty listed companies in Fortune 500 and a large presence of almost all Indian blue-chip companies, Gurgaon is now the corporate capital of northern India.
As employment opportunities and industries grow in Gurgaon, many HNIs and investors are choosing to shift over there. This is evident from one of the recent reports which said that the maximum demand in Gurgaon was registered for units worth Rs 1 to 2 crore, closely followed by properties worth Rs 60 to 100 lakh for the quarter ending June 2014. The New Gurgaon micro market is located towards the western periphery of Gurgaon. It is composed of Sectors 81, 81 A, 82, 82 A, 83, 84, 85, 86, 88, 89, 90, 91, 92, 93, 94, and 95 and promises to deliver over 26,000 residential units.
According to Gurgaon-Manesar Master Plan, 2031, New Gurgaon has been zoned primarily for residential development purposes. Most of the project launches took place between 2009 and 2012.
Gurgaon is at thunderstruck by seeing the new viable construction in the region of them. It has also become as one of the most favorite town to buy belongings in the country. Most of the foreigners & multi nations and are coming forward to invest over the city because of its infrastructure and its drastic development in the IT sectors. The leading constructions coming forward to build over there with own design which paves profit to them. They are constructing few IT parks in their own standards.Commercial Properties in Gurgaon
Gurgaon provides the road and rail network and belongings choice to be a massive superlative one where there are numerous amenities are making in process. The belongings option in the town is one of the hit and it must be the reason behind the growth of the city. The firms that are in necessitate of human resource which give good reason for the increasing in the population that paves way to swarming with the building development. The rapid rail facility has brought a drastic change in the town.SS Omnia Sector 86 Gurgaon
SS Group bring SS Omnia New Commercial Project in sector 86 Gurgaon which offers a harmonious union of studio Apartments, retail space, quick service restaurants, and food courts along with many other points of interest.
It has HIGH STREET RETAIL with 1, 20,000 Sq. ft. approximately of shopping, restaurants & cafes. Serviced Apartments with 65,000 Sq. ft. approximately of finished luxury studio residences. BUSINESS SPACES with 7,500 Sq. ft. approximately of exclusive commercial spaceAnsal Hub 2 Sector 83 Gurgaon
Ansal Hub 83 is a joint venture of Ansals Housing & Construction Ltd. and Samyak Projects Pvt. Ltd. This project is also known as Ansal Boulevard which is located in sector 83 and its in prime location of Millennium city Gurgaon.
This Project is the most awaited commercial project in Gurgaon. The project will be surrounded by 5 star hotels, residential projects, commercial spaces & several townships, which will yield good profit for its investors, as the place will bring in a great number of buyers.
Spaze Tristar Sector 92 Gurgaon
Spaze Tristar is located at Sector 92 Gurgaon. This project offers Retail shops and Service Apartments. Near to several Residential Townships Sare Group, Orris, 3C, DLF, Raheja, Ansal, Ramprastha and more. With dense residential development in the neighborhood, Spaze will prove to be really profitable for the investors. .
Market Square Sector 67 Gurgaon
Market Square is located at Sector 67, a prime location of Gurgaon. The project offers Retail shops. This project is open to sky market is adjoining the Bestech Park View Spa Next, Ansal Township & Ansal Esencia. The project enjoys close proximity to several Residential projects by well-known builders like Ireo, Ansal, Emaar MGF and more which gives an extra edge over others.
Millennium City of Gurgaon have further picked up with the availability of fresh land released for the proposed construction of Kundli-Manesar-Palwal and Dwarka Expressway, and with Gurgaon Pataudi Road also brought into the mainstream developmental activities.
The new Master Plan of Gurgaon has merged Gurgaon and Manesar, bringing in around 23,000 hectares of additional land for development, which is expected to cater to the housing needs of 21 lakh more people.
Several new sectors along Dwarka Expressway like Sectors 95A, 95B, 89A, 89B, 86 83, and 99A are being developed as attractive destinations for upper middle class and upper class people.
With improving infrastructure and interstate connectivity like KMP Expressway, Western and Eastern Peripheral Expressways, Dwarka Expressway, and 1,483km-long Delhi Mumbai Industrial Corridor (DMIC), the millennium city of Gurgaon is growing very fast. The new Master Plan, 2031, for Gurgaon-Manesar expands the existing city to create more residential, commercial and social infrastructure like hospitals, schools, playgrounds, and physical infrastructure. The new master plan will bring in around 23,000 hectares for fresh developments. In fact, the new master plan has given a new lease of life to its market.
The new plan will also help in containing prices in the city. The Haryana government has also approved a high density policy in its comprehensive housing policy to further improve the availability of affordable houses. Under this policy, development authorities like the Haryana Urban Development Authority (Huda) will now be empowered to increase the density of population in group-housing projects.
The permitted population has been increased to 100-120 people per acre, earlier it was 80-100 people per acre. It gave opportunities to developers to build more housing units per acre than they could have done earlier. To increase the land under commercial and residential development, the new master plan has de-reserved the land earmarked for special economic zones.
The new plan has indicated that there would be an adequate provision for all community facilities and services within the sectors. Having connectivity with Delhi through roads like the 150metre-wide Northern Peripheral Road (Dwarka Expressway) and the 90-metre-wide Southern Peripheral Road, the plan also includes three major roads connecting Delhi and Gurgaon like Vasant Kunj to MG Road, among others. The new plan has also proposed to develop connectivity within the Gurgaon Manesar area to Delhi as well.
Dwarka Expressway offers planned development and has great potential for aspiring real estate developers like Ansal Housing, SS Group, Supertech, BPTP, Vatika etc. It carries good long-term potential, and given the overall market conditions and infrastructural issues, short-term challenges can easily be overcome, experts say. The development of this stretch will not only reduce travel time between Delhi and Gurgaon, it will also open up avenues for planned commercial and urban development in the region. Dwarka Expressway connects Dwarka with NH8, and brings Delhi and Gurgaon closer. The two existing roads connecting Delhi and Gurgaon, MG Road and the NH-8, are not enough to tackle the heavy traffic between Delhi and Gurgaon, and this new expressway will make connectivity between these two cities smoother and faster. With world-class infrastructure and facilities, Dwarka Expressway promises to be a new channel of business and commerce between Delhi and Gurgaon. The Dwarka Expressway, only 2.5km from the IGI airport, will also connect 16 new residential sectors. The improvement in Haryana power supply has changed the situation in the area--from one facing endemic power shortage to one that boasts of power surplus. Four new power plants have been set up by the Haryana government, which will add up to making Dwarka Expressway a new hub of exciting developments in real estate. SS Group, one of the largest realty developers in the NCR, is developing Ultra Luxury Residential Apartment "Hibiscus 2" in sector 86 on Dwarka Expressway. Ansal Housing is also coming up with a Commercial Project as Ansal Boulevard in sector 83. This project is strategically located at the intersection of NH-8 and Dwarka Expressway. Here, one can enjoy an exclusive lifestyle and privacy amidst a larger, secure community. Its connectivity will be further enhanced by a new ISBT terminal and the proposed Metro station in close vicinity, the firm spokesman said. There would be schools, healthcare centers, police posts, clubs, a number of parks and plenty of open spaces with taxi stands in this area. A recent survey by Knight Frank pegs returns on investment at 108%, by 2017, along Dwarka Expressway. Moreover, the development is well-connected to the central business districts of Gurgaon, the new hospitality and leisure hub, Aerocity, and the IGI airport.
Dwarka Expressway offers planned development and has great potential for aspiring real estate developers like Ansal Housing, SS Group, Supertech, BPTP, Vatika etc. It carries good long-term potential, and given the overall market conditions and infrastructural issues, short-term challenges can easily be overcome, experts say.
The development of this stretch will not only reduce travel time between Delhi and Gurgaon, it will also open up avenues for planned commercial and urban development in the region.
Dwarka Expressway connects Dwarka with NH8, and brings Delhi and Gurgaon closer. The two existing roads connecting Delhi and Gurgaon, MG Road and the NH-8, are not enough to tackle the heavy traffic between Delhi and Gurgaon, and this new expressway will make connectivity between these two cities smoother and faster.
With world-class infrastructure and facilities, Dwarka Expressway promises to be a new channel of business and commerce between Delhi and Gurgaon. The Dwarka Expressway, only 2.5km from the IGI airport, will also connect 16 new residential sectors. The improvement in Haryana power supply has changed the situation in the area--from one facing endemic power shortage to one that boasts of power surplus.
Four new power plants have been set up by the Haryana government, which will add up to making Dwarka Expressway a new hub of exciting developments in real estate.
SS Group, one of the largest realty developers in the NCR, is developing Ultra Luxury Residential Apartment "Hibiscus 2" in sector 86 on Dwarka Expressway. Ansal Housing is also coming up with a Commercial Project as Ansal Boulevard in sector 83. This project is strategically located at the intersection of NH-8 and Dwarka Expressway.
Here, one can enjoy an exclusive lifestyle and privacy amidst a larger, secure community. Its connectivity will be further enhanced by a new ISBT terminal and the proposed Metro station in close vicinity, the firm spokesman said.
There would be schools, healthcare centers, police posts, clubs, a number of parks and plenty of open spaces with taxi stands in this area. A recent survey by Knight Frank pegs returns on investment at 108%, by 2017, along Dwarka Expressway. Moreover, the development is well-connected to the central business districts of Gurgaon, the new hospitality and leisure hub, Aerocity, and the IGI airport.
Real estate developments along Dwarka
Expressway have emerged as one of the most sough-after asset classes in the NCR. The realty market along this expressway is largely flourishing over two major USPs - first is the expressway that is expected to be one of the country widest roads ever, and the shortest route to the IGI airport and the Millennium City. According to Gurgaon new Master Plan, 2031, the proposed expressway will reach Delhi near Dwarka Phase II, where the second diplomatic enclave is being developed, and connect the current Metro corridor running parallel to the road. Once project is completed, the area will become one of the premier real estate zones in New Gurgaon. The road starts from Dwarka and crosses Bijwasan, New Palam Vihar, Kherki Daula, and finally touches NH-8. Areas that are going to reap rich dividends are Sectors 99-113 and Sectors 83 and 84. There will be a commercial belt touching Sectors 105,106, 109,110, 110A, 111, 112, and 113 with Sectors 100 and 101 reserved for public utilities, while Sectors 114 and 88 are fully commercial. Other residential areas that are a little far from the expressway but will benefit from it are Sectors 81-86, 89-93 and 95.
Real estate developments along Dwarka Expressway have emerged as one of the most sough-after asset classes in the NCR. The realty market along this expressway is largely flourishing over two major USPs - first is the expressway that is expected to be one of the country widest roads ever, and the shortest route to the IGI airport and the Millennium City.
According to Gurgaon new Master Plan, 2031, the proposed expressway will reach Delhi near Dwarka Phase II, where the second diplomatic enclave is being developed, and connect the current Metro corridor running parallel to the road. Once project is completed, the area will become one of the premier real estate zones in New Gurgaon. The road starts from Dwarka and crosses Bijwasan, New Palam Vihar, Kherki Daula, and finally touches NH-8. Areas that are going to reap rich dividends are Sectors 99-113 and Sectors 83 and 84. There will be a commercial belt touching Sectors 105,106, 109,110, 110A, 111, 112, and 113 with Sectors 100 and 101 reserved for public utilities, while Sectors 114 and 88 are fully commercial. Other residential areas that are a little far from the expressway but will benefit from it are Sectors 81-86, 89-93 and 95.