Real Estate News

DLF Regal Gardens Gurgaon – Sec 90

admin — Thu, 01 Mar 2012 04:41:42 +0000

DLF Regal Gardens Gurgaon – Sec 90

After the success of “The Primus”, DLF Garden City, DLF we will be launching soon “Regal Gardens”, DLF Garden City, Sector – 90, Gurgaon. When affluence combines with trust you get a property as acclaimed as “Regal Gardens”. It would offer indulgence to the ones passionate about life .

DLF DLF Regal Gardens: DLF Group presents a new residential project DLF Regal Gardens Strategically located in Sector 90 in Gurgaon connected with various educational and recreational centers. DLF Regal Gardens offers 3 and 4 BHK apartments where sizes are varying from 1693 to 2215 sq. ft. DLF Regal Gardens provide world class amenities like Club House, Swimming Pool, Gymnasium, Kids Play Area, Sport Area, Jogging Track and Jogging Track.

One thing that is matchless, that is the beyond compare and that draws the attention of many is what becomes a Landmark. Establishing the exclusive and one and only new landmark of Gurgaon – DLF Regal Gardens! Not just a home but an astounding attraction for you. Prominently located in the heart of Gurgaon at Sector 90, nearby national highway – 8 and metro station.

DLF Regal Gardens Residential Apartments is an expression of its meaning; Garden with Royal specifications. This project is intended to become Gurgaon’s unique landmark with its 8 majestic elevations of residential apartments. Regal Gardens Apartments in Garden City Gurgaon is the archetype of privacy, luxury, status and innovation.

Specifications

For better safety, structure designed for the highest seismic considerations of Zone V for high rise structures, against Zone IV as stipulated by the Indian codes.

Air Conditioned apartment excluding kitchen & toilet.

Air Conditioned Entrance Halls on ground floor.

Eco friendly environment with Rain Water Harvesting system to recharge aquifer, and use of treated water from STP for flushing and horticulture.

Pre-heated water supply through Solar Water Heaters to Kitchens.

Booking Amount

Cheque for Rs. 7, 70,000/- (Rs. 7.5 Lacs + Service Tax) for 3 Bedroom and 3 Bedroom + Servant Room
AND Rs. 10, 26,000/- (Rs. 10 Lacs + Service Tax) for 4 Bedroom and 4 Bedroom + Servant Room

Call: 9810820448

REALTY BOOM IN MANESAR

admin — Sat, 11 Feb 2012 09:00:36 +0000

REALTY BOOM IN MANESAR

The real estate market in Manesar has been growing at a frenzied pace ever since several top MNCs moved in here, says ABHIGYAN

Once a sleepy village of about 1,000 dwellings units on Delhi-Jaipur Highway (NH-8), Manesar has now transformed into an industrial and commercial hub. With the availability of all basic services like health facilities, schools, a post office, banks, warehouses and cargo facilities, IMT Manesar has seen a massive influx of corporate traders, realty players, manufacturers, industrialists, and also MNCs.

Only 32km from the IGI airport and 45km from Connaught Place, Delhi, Manesar is well connected to Delhi and Gurgaon. The real estate market in Manesar has been growing at a frenzied pace ever since several top MNCs moved in here. Rates of commercial properties in Manesar have increased by 35-40% in the last six months. Residential properties in Manesar have also hopped on to the boom bus, and have witnessed an excellent jump of 35-40%.

IMT Manesar is projected to have a shortfall of over 6 lakh housing units over the next 4-5 years, whereas the availability of authorized housing will only be around 65,000 units in the same period. Thus, the price escalation of property here is bound to be steep.

The new developmental plan for Gurgaon-Manesar Urban Complex has been formulated taking into consideration the projected growth of the city up to 2025. The Gurgaon-Manesar Master Plan projects a population of around 40 lakh by 2020. With infrastructural developments taking place at a good pace, Manesar is all set to become an ultramodern city.

Praveen Kumar, the administrator of HUDA, Gurgaon, says: “The Haryana government is intent upon building Manesar as a mega education city, along the proposed 135km long Kundli-Manesar-Palwal (KMP) Expressway, which will connect Sonipat district with Palwal in Faridabad district. The road takes off from Kundli on NH-1 and passes through Bahadurgarh in Jhajjar district, the proposed special economic zone on NH-10 and Manesar in Gurgaon district on NH-8. It will terminate near Palwal on NH-2. The government has acquired 2,000 acres for the education city and is all set to make Manesar a dream destination for education.”

Rakesh Yadav, the managing director of Antriksh Group, says: “The unique aspect of Manesar is the simultaneous development of residential complexes for both executive and non-executive staff. The HSIIDC acquired 250 acres across the national highway and has allotted it to various units for building staff quarters there.”

The commercial property in Manesar offer state-of-the-art office spaces. Already, leading global brands like Toyota, Mitsubishi, Honda, Suzuki, etc, are making colossal investments in Manesar real estate. Also, the proposal to build an expressway to Jaipur is adding value to Manesar’s real estate. Most of the topnotch builders in India like Reliance, DLF, Unitech, Raheja, Vatika, Orris Infrastructure, Amrapali, Antriksh, etc, have already bought land banks on this stretch to develop townships.

The Raheja Group has launched Raheja Navodaya. Based on a high quality urban community living concept, the project is located in Sector 92-95 adjacent to IMT Manesar. The Amrapali Group has launched a commercial-cumcorporate hub, on 6,804 sq metres in Sector 2, IMT Manesar, opposite the Honda factory.

Anil Sharma, the chairman and managing director of Amrapali Group, says: “Manesar will emerge as a Mecca of industry-specific infrastructure, service ancillaries, commercial services, and an array of other essential services. The developing area is a perfect choice for trade towers, corporate offices, industrial units and shopping malls. A flyover on NH-8, which links the residential zone with the industrial zone, has helped in making the city more alluring to end users.”

Navin M Raheja, the chairman and managing director of Raheja Group, says: “Raheja Navodaya is aimed at providing international-quality housing to the residents of the Delhi NCR, including the executives of IMT Manesar and peripheral industrial areas of Gurgaon and the SEZs. It is a high-potential area for actual usage and investment, as there is really no authorized housing facility available to the over two lakh executives at IMT Manesar. The USP of the project is that only 20% of the total area will be covered while 80% will be open greens.”

Vijay Gupta, the chairman and managing director of Orris Infrastructure, says: “We can say that Manesar is at the same juncture in industrial, commercial and residential development as Gurgaon, some 10-15 years ago. With a rise in demand for land, the national capital is facing acute shortage of space and thereby the cost of the land keeps increasing. The development of Manesar as an alternative would address some of these problems and offer a new opportunity of colonization.”

Mega projects

In Manesar, the Reliance Industry’s much hyped Rs 25,000-crore multi-product SEZ (special economic zone) is moving on a fast track. The SEZ is likely to contribute about Rs 10,000 crore to Haryana’s revenue. And it will also have an export potential of Rs 50,000 crore and may house a cargo airport, railway line and a power plant for captive use.

DLF Universal (DUL) is also setting up an integrated SEZ over 20,000 acres in Gurgaon. The integrated SEZ will cater to export-oriented industries like automobile and auto-parts, metal processing and engineering industry, textiles and garments, pharmaceuticals, food processing, electronic goods, leather goods and bio-technology.

The place is all set to become a vibrant commercial hub shortly. The NH-8 is being widened to an eightlane expressway, between Gurgaon and New Delhi; flyovers have been planned on this stretch, which will make the road signal-free and reduce the commuting time from IMT Manesar and Delhi to only a few minutes. With all land holding on freehold, a multi-functional HSIIDC complex, wide roads and ample parking space and other utilities, this place is a perfect choice for MNCs, local industries, commercial establishments and residential townships.

The Times of India

INVESTMENT ZONES ON NH-8

admin — Sat, 11 Feb 2012 08:58:26 +0000

INVESTMENT ZONES ON NH-8

Investments are pouring into Gurgaon, Manesar, Bawal, Tapukara, Neemrana, Khushkhera, Bhiwadi, Shahjahanpur, Behror and Kotkasim, all along the NH-8. This is expected to put these regions on top of the development chart. PUNITA writes

Several builders have announced projects along the NH-8, in anticipation of future development along this stretch. Here, some of the developing belts like Dharuhera, Bhiwadi, Neemrana, and Kotkasim are taking advantage of their location; residential projects, educational institutions, healthcare facilities and modern urban infrastructure are the USP of this zone.

The region, fanning out on a radius of about 30km, including Gurgaon, Manesar, Bawal, Tapukara, Neemrana, Khushkhera, Bhiwadi, Shahjahanpur, Behror and Kotkasim, is expected to have investment worth millions of dollars in its industrial sector.

The Delhi-Mumbai Industrial Corridor along NH-8, where multiple Special Economic Zones (SEZ) have been approved by the government of India, is attracting Foreign Direct Investment (FDI) in real estate, information technology (IT-ITeS), automobiles, glass technology and services industries, etc, from Japan, Singapore, Malaysia, the US, Korea and China.

According to one estimate, the emerging industries in this region are expected to attract nearly 1.5 million skilled and semi-skilled working people from all over the country, and abroad. Honda Motors, Asahi, Saint Gobain and Musashi, have already set up some of the world’s largest car and glass plants in this corridor. American companies like Becton, Dickinson & Company and Hollister are also in the process of establishing their firms here.

Developing areas

Kotkasim: Projects like the Japanese Industrial Zone and the National Investment and Manufacturing Zone near Kotkasim come under Mundawar tehsil of Rajasthan’s Alwar district. A rapid transport system has been planned near Kotkasim, apart from a bullet train service between Delhi-Neemrana. Another big development in the area is the plan for an airport in Kotkasim; this has been proposed to facilitate the mobility of CEOs of international and national corporations that are setting up shop here.

Bhim Yadav, the chief executive officer of Falcon Realty Services Pvt Ltd, says: “We are developing a Global Eco-City near Kotkasim in Alwar along the NH-8. The project will be raised over 35 acres in the first phase and will encompass a mix of executive homes, weekend homes and premium villas. Our understanding of the consumers’ requirements and what should be offered to them has helped us in designing the largest secure, gated and master-planned community development on NH-8.”

“Because of the global investments coming up on the corridor, Global Eco City’s Jacaranda Crest has been designed keeping in mind the profile of clients, a majority of whom will be from abroad. There is an urgent requirement of almost 3,000 luxury houses to accommodate these top professionals,” Bhim Yadav says.

Dharuhera: One township that has risen from obscurity and emerged as a promising land is Dharuhera. Some of the highlights of Dharuhera include investments worth Rs 3,000 crore in Bawal, a car plant of Honda Siel in Khushkhera, the KMP expressway, the SEZ of Reliance, the Japanese corridor, etc.

The facilities in this satellite town do not end here. It boasts of shopping malls, a cineplex, hospitals and schools, a bus stand, a police station and ATMs of leading banks – all adding to the charm of living a modern lifestyle in an urban setting. Some leading realtors like Parsvnath, Ansal (API), M2K, Tivoli, SNG and BCPL-Vardhman are tapping into its huge potential and making their mark.

Jaideep Aggarwal, the director of Vardhman, says: “Dharuhera, which has emerged as one of the prime locations for living after Gurgaon and Manesar, has huge potential. It offers promising returns on real estate investments, as its close proximity to Delhi offers best value for money for investors.”

Vardhman has launched its first residential project, Springdale, in Dharuhera, along the NH-8. Springdale offers smart architecture, which simply means more space and privacy.

Navin M Raheja, the managing director of Raheja Group, says: “The eight-lane expressway on NH-8 not only lets commuters reach the airport in just half an hour but once the KMP Expressway is functional, commuters will also be able to reach cities in Punjab and UP at an unbelievable speed.”

Neemrana-Behror: Situated on Delhi-Jaipur NH-8, Neemrana-Behror is expected to have top-class residential developments. With multi-dimensional development on in the region, the reality graph in Neemrana-Behror is on a high. Proposed green townships like Officer Enclave will be the icing on the development cake and offer investment options as well as luxurious living. The Rajasthan government is stressing a lot on the development of this entire zone as a modern urban area. The current industrial boom is boosting the real estate in this area. This area is also a high-density tourist zone.
QUICK BITES
ACCORDING TO ONE ESTIMATE, THE EMERGING INDUSTRIES IN THIS REGION ARE EXPECTED TO ATTRACT NEARLY 1.5 MILLION SKILLED AND SEMI-SKILLED WORKING PEOPLE FROM ALL OVER THE COUNTRY, AND ABROAD

GREEN TOWNSHIPS IN GURGAON

admin — Sat, 11 Feb 2012 08:56:00 +0000

GREEN TOWNSHIPS IN GURGAON

Builders are now turning their attention on green buildings in a big way after the government unveiled a national rating system for green building design. A K TIWARY writes

Apart from vertical developments, builders are also focusing their projects on green developments. For this, they are getting approval from GRIHA (Green Rating for Integrated Habitat Assessment), in India. Some developers like Ansal API, 3C, Central Park, Chintels Ltd, Earth Infrastructure and Falcon Group have already launched projects in and around Gurgaon, under this system.

The latest is Ansal API’s Esencia in Sector 67 on Golf Course Extension, Gurgaon. Esencia Community offers well-designed homes with the best of amenities. Esencia Township has been registered as a pilot project for rating under GRIHA. The 3C has got 47 acre in Sector 89 to develop a Green Township.

Pranav Ansal, vice-chairman of Ansal API, says: “Helping us in this endeavor is ADARSH (Association for Development and Research of Sustainable Habitats), an independent registered society constituted by the MNRE (ministry of new and renewable energy) and TERI (The Energy and Resources Institute). It is responsible for the implementation of GRIHA across India, as well as related training and research and development activities to strengthen GRIHA, technically as well as administratively.”

“In the first phase, Esencia is being developed over 140 acres. And another 88 acres will be developed in the next phase. Esencia is a horizontal township, which will have a maximum two floors with ground. The landscaping at Esencia is planned around carefully designed parks and open areas, as we aim to create a sustainable green cover with minimal maintenance. ADARSH will monitor and select the type of vegetation and trees being planted within the township,” Ansal says.

Central Park is developing Belgravia Resort Residences at Central Park II, Sector 48, Gurgaon, against the backdrop of Aravali hills. The Belgravia Resort Residences have been conceived, designed and landscaped by some of the world’s best consultants. The project is fully based on the theme of green development.

Amarjit Singh Bakshi, the managing director of Central Park, says: “Resort living is the need of any family who is doing well but it is not available anywhere else in the NCR region. Here the living is designed as if a family is living on a resort with greenery all around. Noise, air pollution and vehicular congestion are simply not there.”

“To maintain the green areas, we are taking the technical assistance of HOK and HBA from Singapore, RKA from India, and Green Architects and PIA from Thailand. The interiors of the 3 or 4 bedroom apartments are embellished with eco-friendly world-class facilities. These will ensure a healthier environment with better dust and pollution control. Moreover, every block in the township is being designed around a landscaped park and every avenue will be lined with trees with lush green canopies,” Bakshi says.

“3C’s Green Township is surrounded by lush greenery and will be beautifully landscaped, interspersed with water bodies. The residents of Green Township will have a choice to either indulge in long walks on the green corridors or to take a bicycle ride on dedicated tracks,” Vidur Bharadwaj, the director of 3C, says.

Requirements of a green project

Vidur Bharadwaj says: “To keep the area green, there must be open-grid pavements, trees with large crowns to enable large shaded areas, overhangs and fins in all buildings. The focus is on indigenous and locally available flora, which is tolerant to air pollutants like SPM and SO2 with high foliage density, larger leaf area for nitrogen fixing and rapidly decomposable leaf litter.”

Emphasis is on the selection of plant species that are water efficient and drought resistant, fast growing, deep rooted and which can form a dense canopy, in the green projects.

Why green townships?

Green townships are a way to promote a healthier lifestyle and reduce the carbon footprint. Developers are encouraging residents to adopt green furniture and are adding bicycle tracks in their green townships. In addition, charging points at key junctions to promote low pollution electric vehicles is also a feature in most of the green townships under construction.

Non-motorized facilities like the wellplanned cycle tracks are being integrated along the internal roads of townships. Roadside parking lots have also been planned along the internal roads and parks.
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EMPHASIS IS ON THE SELECTION OF PLANT SPECIES THAT ARE WATER EFFICIENT AND DROUGHT RESISTANT, FAST GROWING, DEEP ROOTED AND WHICH CAN FORM A DENSE CANOPY, IN THE GREEN PROJECTS.
TO KEEP THE AREA GREEN, THERE MUST BE OPEN-GRID PAVEMENTS, TREES WITH LARGE CROWNS TO ENABLE LARGE SHADED AREAS, OVERHANGS AND FINS IN ALL BUILDING.

The Times of India

DWARKA EXPRESSWAY: TOP RESIDENTIAL DESTINATION

admin — Sat, 11 Feb 2012 08:52:39 +0000

DWARKA EXPRESSWAY: TOP RESIDENTIAL DESTINATION

Dwarka Expressway is emerging as a top residential destination. Experts believe this area will accord good returns on investments within the next 3-5 years. MAGICBRICKS reports

With the improvement in basic infrastructure, the connectivity and accessibility of Dwarka Expressway has improved dramatically.

Developers across the National Capital Region (NCR) believe that gradually, all the sectors along the expressway will be inhabited and entertainment, transport and recreational facilities will become available in the vicinity.

Rajesh J Aeren R, the vice-chairman and managing director of Aeren R Enterprises, says that in recent years, the real estate market of Dwarka has certainly seen a paradigm shift, witnessing development with the construction of some highrises and commercial complexes and malls.

“Dwarka property values have shot up considerably in the last few years. The most important boosters fuelling the land rates here are the Delhi Metro link and the 32-lane express highway. Earlier, it was difficult for the residents to commute but, now, things have improved dramatically and the place is much in demand. There are projects by Raheja Builders and Indiabulls coming up along the expressway, as well as a proposed Diplomatic Enclave, which obviously, will have its own impact,” Aeren says.

Pankaj Bali, the general manager (marketing) of Ambience Group, says: “The proximity to IGI Airport and the latest T3 terminal, for domestic and international flights, has added value to this area. Because of the expressway, it is easier to reach KMP Expressway.”

Vikas Gupta, the director of Earth Infrastructures Ltd, too says that he would bet on Dwarka Expressway as the next best destination. “I think the Delhi NCR is a very promising market and accounts for more than 20-25% of the real estate market. If you look at the major growth corridors, the main development depends upon industrial and commercial activities. People would like to stay near their work places and commercial complexes. If we keep this in mind, I think Dwarka Expressway will be a big hope for Gurgaon,” Gupta says.

Following the recent Metro connectivity, Gurgaon has shown the most upbeat sentiment, when compared to the other peripheral areas of Delhi, with respect to real estate pricing, Aeren says. But here too, price appreciation took place in double digits in the traditionally upbeat areas like Sushant Lok, Golf Course Extension Road, MG Road, and DLF Phase II. “The Metro connectivity of Gurgaon has had a multiplier impact on the overall opening up, upgradation and contemporizing of this suburb,” he says.

Manoj Goyal, senior vice-president of Raheja Developers Ltd, says that the rates in Dwarka Expressway will be close to Vasant Vihar in the next five years.

The forthcoming sectors of Gurgaon, particularly residential Sectors 102 and 103, located in proximity to the proposed SEZ area according to the Gurgaon-Manesar Master Plan 2021, will be hot property in the near future.

Vivek Seth, the managing director of V Square Development Company Pvt Ltd, says: “Infrastructural issues like poor connectivity, shortage of power, lack of green areas and parks, poor water availability, etc, which are prevalent in several sectors of Gurgaon would not be there in these sectors. Therefore, investment in real estate in these sectors is very lucrative and, perhaps, will give manifold returns, in comparison to any other sector in Gurgaon.”
QUICK BITES
IN RECENT YEARS, THE REAL ESTATE MARKET OF DWARKA HAS SEEN A PARADIGM SHIFT, WITNESSING DEVELOPMENT WITH THE CONSTRUCTION OF SOME HIGHRISES AND COMMERCIAL COMPLEXES AND MALLS .

DWARKA PROPERTY VALUES HAVE SHOT UP CONSIDERABLY IN THE LAST FEW YEARS. THE MOST IMPORTANT BOOSTERS FUELLING THE LAND RATES HERE ARE THE DELHI METRO LINK AND THE 32-LANE EXPRESS HIGHWA.

The Times of India

MILLENNIUM TRANSACTIONS

admin — Sat, 11 Feb 2012 08:50:23 +0000

MILLENNIUM TRANSACTIONS

New launches continue to generate unabated response in Gurgaon, says NAMRATA KOHLI

Gurgaon market is slow – but there is no slowdown or recession. It is plain slow in the overheated areas of Gurgaon. “It is just slow, which is also due to the fact that it’s been very hot in recent past,” says Gurgaon-based real estate consultant Rajat Mahajan; “but recession is not the right word. There is an unabated buying interest — value-for-money properties from smaller developers or properties of bigger developers like DLF, Unitech and Emaar are still selling.”

New project launches are in great demand. Projects like Emaar MGF, Puri, and Mahindra Aura are almost sold out or more than 70% inventory has been booked in pre-launch, according to property consultants in the know. Puri’s Diplomatic Greens, it seems, sold pretty fast, due to its location, sample apartment, etc, even though they are charging an average unit price of Rs 6,500 per sq ft.

Sonia Sachdeva, a buyer who has been currently exploring properties on the Dwarka Expressway, says: “I was expecting some discount on properties, given the current slowdown; but nearly all the projects in Gurgaon are expensive today. There is no recession. Even Dwarka e-way projects are holding their prices.

“This is ironic… there is talk of recession and even a project which will take four-five years to come up, is no value for money – I mean is it a wise investment, given that it’s neither cheap, nor is the appreciation going to be that fast and there is so much risk involved. What if the e-way doesn’t come up in the next 10 years! I believe that the future of Dwarka e-way is still not certain, but if you have a big appetite for risks, consider the projects there; otherwise forget them till there is a clearer picture on the e-way. ”

However, developers and brokers say that projects on the Dwarka Expressway will see a decent premium when the expressway is built. Mahajan says: “Out of 18km, only 4kms is under litigation – the rest should be complete within the next three years, coinciding with the completion of most projects being launched now. The government and the strong builder lobby will try and sort out the 4km also. The average rate of new launches now is around Rs 4,000-4,500 per sq feet, barring projects like Diplomatic Greens. The property prices here have grown by 30-40% in last one year, especially in the sectors which are in a 5km-range of the Delhi-Dwarka border.”

Infrastructure is being developed, even though the pace of construction is a tad slow. The construction on the 14km stretch of the Dwarka Expressway is already underway, as HUDA has awarded a tender to Indiabulls. The remaining 4km stretch is under litigation. Flyovers are being constructed on the intersections of the Pataudi Road near Sector 88, Farrukh Nagar Road near Sectors 100 and 101, Daulatabad Road near Sectors 104 and 105 and another road crossing NPR near Sectors 110A and 111. These proposed flyovers are not under litigation and, therefore, will not be delayed.

There are reports that Gurgaon has performed better than its rivals Noida and Greater Noida in the past few quarters. Samir Jasuja, founder and chief executive officer of PropEquity, a real estate data, analytics and intelligence firm, says: “Last year, the farmer protest on land acquisitions led the Supreme Court to put on hold construction of residential flats in Noida Extension, which tanked absorption and prices in the region. In the latest third quarter, the average prices of new launches in Gurgaon increased by over 32% to Rs 4,558 per square feet, compared to the third quarter of 2010. In the same period, prices remained at almost the same levels in Greater Noida at Rs 2,191 per square feet representing lack of demand.”

He, however, said that the near-term outlook for residential real estate market is likely to remain cautious, given the likelihood of low market sentiments.

Key market indicators including absorption and new launches are likely to remain low given the execution concerns… developers may focus on execution and delivering the committed projects in 2012, he says.

Developers are upbeat about the potential of newly launched projects. Amit Gupta, the managing director of Orris Infrastructure Private Limited, says: “Orris has been inundated with queries about our yet-to-be-launched residential project in Sector 89 of Gurgaon. To give you an example of appreciation in real estate prices, we launched projects in New Gurgaon at Rs 1,980 per sq ft and, today, our projects are selling over Rs 4,000 per sq ft.” Gupta agrees that the resale market has been impacted. “Good quality new projects are still being sold within a short span. For the resale market, though, it is hard to give an exact figure. A rough estimate would be that there has been a 15-20% reduction in transactions, more so in the retail and commercial space.”

He adds that though there is a talk of slowdown in the Indian real estate sector due to the slowing economy, hardening interest rates, etc, the Gurgaon real estate market is yet to see any real effect of such talk. The appetite for real estate remains healthy amongst investors, as well as end users. As of now, there is no softening of prices. Chirag Vohra, the AVP (sales) of Madhyam Consultant, says: “The average starting rate in the sectors near Dwarka are Rs 5,000-6,000 per sq ft, like in Sectors 112, 113, 102, 109, and if you go further down to Sectors 92, 84 it’s Rs 3,500-4,000 per sq ft. Villas which are in pre-launch stage have an average price tag of Rs 5.5-6 crore. Plot rates are around Rs 45, 000 per sq yd.”

Ansal Buildwell (ABL), a real estate conglomerate, has a commanding presence in all the fields of infrastructure development – residential and commercial projects, education, hospitality and other civil engineering projects.

ABL’s Sushant Lok II & III are one of the most prestigious residential addresses in the capital’s neighbourhood. Built over 500 acres, the township has been designed with detail and precision providing greenery to maintain harmony with nature. The ‘master green’, a green boulevard, runs through the middle of the colony. It is on a 15-minute drive from Indira Gandhi International Airport, New Delhi.

ABL has also come up with some of the finest residential projects — Florence Elite, Florence Abode, Florence Marvel and Florence Villa, which accord a luxurious lifestyle and are fine specimens of architecture. The residents can also enjoy the membership of an ultra-modern club, Florence Club, which has been equipped with the best of contemporary lifestyle amenities. Commercial complexes like Navkriti Arcade, Sushant Tower and Boom Plaza, which are already operational, are elite addresses for corporates.
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THE CONSTRUCTION ON THE 14KM STRETCH OF THE DWARKA EXPRESSWAY IS ALREADY UNDERWAY, AS HUDA HAS AWARDED A TENDER TO INDIABULLS. THE PROJECTS ON THIS EXPRESSWAY WILL SEE A DECENT PREMIUM ONCE IT IS COMPLETE.
THERE IS AN UNABATED BUYING INTEREST — VALUE-FORMONEY PROPERTIES FROM SMALLER DEVELOPERS OR PROPERTIES OF BIGGER DEVELOPERS LIKE DLF, UNITECH AND EMAAR ARE STILL SELLIN.

The Times Of India

YOUNG BUYERS DRIVE LUXURY MARKET

admin — Sat, 11 Feb 2012 08:45:30 +0000

YOUNG BUYERS DRIVE LUXURY MARKET

Developers and realtors say that a shift in lifestyle of young professionals and availability of premium facilities in one township are the major factors driving Gurgaon’s luxury residential realty. MAGICBRICKS reports

There is serious end user and investor interest in Gurgaon’s luxury properties. Timely possession and quality construction are the key factors in this growing demand. Developers and realtors believe that a shift in lifestyle of young professionals and availability of premium facilities in one township are the major factors backing this trend.

The economic slowdown of 2008 had doomsday predictions that sounded a death knell for the premium luxury apartment and bungalow market, where the housing units were priced between Rs 1.5 crore and Rs 3.5 crore. But, today, that market has transformed itself into a super-luxury segment with housing units priced at Rs 10-15 crore each on the higher side and the lower end going for Rs 1.5-6 crore.

Kunal Banerji, the president of M3M Ltd, says: “Both these categories are active, with serious end-users and investors putting in their money. Super luxury properties in Gurgaon include penthouses from premium developers like M3M, villas by Emaar MGF, Belvedere of Central Park, Aralias and Magnolia by the DLF group.”

There is also the luxury category comprising Nirvana Country villas, Pioneer Profin Ltd, Tata Primanti, IREO and M3M etc. Even properties like those on the Dwarka Expressway, in the Rs 60 lakh to Rs 1.5 crore category, as well as villas by BPTP, are in the luxury category.

The buyer profile is either the longterm investor with a healthy risk appetite, who can sniff out the locations that are expected to do well in the long term, or the end users who see a particular project as a good buy and are looking to stay in it.

The main criteria for investment are a reputed builder, good location and attractive layout. There are also several cases where those staying in plotted developments in Delhi are selling them off and moving into luxury apartments near their place of work in Gurgaon. NRIs form an important part of this category.

In many cases, they stay in rented property but are very unhappy with the delay by developers in giving them possession of their property. This base of consumers is actually annoyed with many developers in Gurgaon who have been delaying premium projects. Banerji says, “The buyer base in this category in Gurgaon is very large and developers have to deliver on time.”

Shorya Agarwal of REMAX Pro Vantage says that not only do buyers want to invest in integrated townships, they also wish to go after brand names like Raheja Builders, IREO Group, M3M Ltd, DLF Ltd, Jaypee Group, and 3C, among others.

“The biggest change is in the mentality of buyers today. They don’t want to live in a DDA complex or regular homes. They want to live in projects that have clubs with facilities like gyms, restaurant, swimming pool, etc,” Agarwal says. The bottom line is that today’s buyer is inclined towards projects that can be a ‘status symbol,’ he says.

Many buyers from Delhi are selling their apartments in GK and Vasant Vihar and reinvesting in Gurgaon in properties worth Rs 6-7 crore each. The dilemma of these buyers is that they have a period of wait between selling their apartment and getting possession of their new property.

There is also a flip side to those who are selling in Delhi to buy in Gurgaon. The point is whether it is worth their while to stay in a rented accommodation till the unit is ready. When long delays extend their rental tenure, this category tends to get upset. The profile of this buyer is corporate executives, 35-40 years old, working in Gurgaon, currently staying in ancestral property in plotted areas in Delhi.

The Times of India

LOW-RISE LIVING STILL IN VOGUE

admin — Sat, 11 Feb 2012 08:42:47 +0000

LOW-RISE LIVING STILL IN VOGUE

Despite the fact that multistorey living has been the mainstay of New Gurgaon, there is enormous scope for those who have a fear or aversion to heights, to live in low-rise units in Gurgaon. MAGICBRICKS reports

Gurgaon probably has the maximum number of highrises in the NCR. But the demand for lowrise living, too, continues unabated. The scope for growth in this segment, too, is high as the Haryana Urban Development Authority (HUDA) has been releasing plotted developments in various sectors over the years.

Despite the fact that multistorey living has been the mainstay of New Gurgaon, for those who have a fear or aversion to heights, the concept of single floors has been attractive. There are many positives to plotted or single floor living. Firstly, the purchase cost is about 30% less than in multistorey apartments. Secondly, plotted developments require lower monthly maintenance costs. In a multistorey apartment, you are paying for lift maintenance costs, power back-ups, for instance.

The cost of construction and maintenance comes down drastically in case of independent floors, as many of the infrastructure needs like lifts and security to be provided in case of highrise are not mandatory in the case of low-rise projects. In addition, apart from the lower cost of construction, these houses have lower charges on account of government licence fee, compared to multistorey apartments.

However, if you thought lowrise living is in vogue with those who are looking at less than premium options, you can think again. Nirvana Country by Unitech Ltd was the first plotted development of row houses that offered power back-up. Today, it is among the premium residential developments in Gurgaon.

There is a word of caution, though, for buyers in this category. The success of your lifestyle in plotted development depends on the profile of the neighbourhood. It is a good idea to pick either villas or single floors in gated developments by premium developers, so that the profile of the neighbourhood matches your lifestyle.

Shorya Agarwal of REMAX Pro Vantage says that the biggest reason low-rise apartments are preferred over multistorey units is that the buyers can incorporate changes like modernizing their kitchen, or redo the woodwork according to their choice.

“Someone who prefers a less social and peaceful life would prefer to live in a plotted development or low-rise apartment. Another reason to prefer these types of developments is that one doesn’t have to wait for three years for possession; you can get it within a year,” Agarwal says.

Agarwal added that the profile of the customers who want to invest in single floors in Gurgaon is mixed – upper-middle and high-income group.

Some of the developers who have such constructions in the NCR include BPTP Ltd, Emaar MGF and Ansal API. There are several options of single floors and villas coming up in newly developing sectors along the Dwarka Expressway. The Vatika floors are a good option and have been having brisk sales.

There are also options along the Golf Course Extension. These have been developed after the Haryana government lifted a ban on registration of builder floors and single floors in May 2009. It is estimated that there are over 40,000 units of single floors in Gurgaon.

With registration being open and possible, these projects are being funded by the finance institutions as well.
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THE SCOPE FOR GROWTH IN THIS SEGMENT, TOO, IS HIGH AS THE HARYANA URBAN DEVELOPMENT AUTHORITY HAS BEEN RELEASING PLOTTED DEVELOPMENTS IN VARIOUS SECTORS OVER THE YEARS.

THERE ARE MANY POSITIVES TO PLOTTED OR SINGLE-FLOOR LIVING. FIRSTLY, THE PURCHASE COST IS ABOUT 30% LESS THAN IN MULTISTOREY APARTMENTS. SECONDLY, PLOTTED DEVELOPMENTS REQUIRE LOWER MONTHLY MAINTENANCE COST.

The Times of India

RESIDENTIAL DEMAND SOARS IN GURGAON

admin — Sat, 11 Feb 2012 08:38:22 +0000

RESIDENTIAL DEMAND SOARS IN GURGAON

According to MAGICBRICKS Propindex, the Gurgaon residential market has surged by 7% in the quarter of Oct-Dec 2011, across categories

Gurgaon has been the most active real estate investment hub in the NCR. The momentum is maintained because of a variety of reasons. The opening of Delhi Metro’s services was the first development that linked a formerly inaccessible city to the mother city.

The reduced commute time as well as the linkages with all parts of the NCR makes it an attractive destination. The reinforcement of the Metro with the Gurgaon Metro, which is under construction, is expected to give a fillip to price movement.

Locations across the Metro route have already recorded price rises of 10-25%. This will cover more locations as the city’s Metro march continues. In fact, currently, distance from Metro stations – current or proposed – is a major factor that influences the success of any residential project.

The second important factor is that road connectivity across the city has significantly improved. The quality of the roads may still be an issue but connectivity has been ensured. As a result, new areas like Golf Course Extension have been opened up for development. Even the Golf Course Road has benefited from the widening and upgrade of the Gurgaon Faridabad Road. The upgrade of the key access point to Gurgaon – the MG Road – has also contributed to the rise in values across the city.

The residential segment has seen a huge growth with significant increase in rental and capital values.

This is happening due to the setting up of a wide spectrum of industries in Gurgaon, which in turn have attracted a huge work force into the city.

These people are major contributors of the demand and reputed builders are capitalizing by launching more and more residential projects. On the price front, the market at Gurgaon has been fairly stable and is likely to firm up in the near future. Investors are still major players in the market; there is an immense diversity of residential projects with pricing ranging between Rs 5,500 per sq ft and 11,000 per sq ft.

In last few months, many new projects have been announced in various locations of Gurgaon like Ansal API’s Esencia Floors (Sector 67), IREO’s Skyon (Sector 60), Anant Raj’s Madelia (Manesar), Emaar MGF’s Palm Gardens and Vatika India Next’s independent floors (Sector 83), Millennium Spire’s Spire Wood (Sector 103), Unitech’s Nirvana Country phase 3 (Sector 70), M3M’s Merlin (Sector 67), etc. Most of these projects are offering 3- and 4BHK apartments with world-class amenities and have been launched at a starting rate of Rs 65 lakh and above.

Sandeep Hatria of Gurgaon Housing says: “There is a great demand for 3BHKs in Gurgaon in the primary market from investors and end users. In fact, after the land acquisition issues in Noida Extension and Noida, 20-30% of investors have shifted to the Gurgaon market. Moreover, it’s the transparency, infrastructure development and expectation of future returns, which are driving even NRI/HNI investor towards Gurgaon reality.”

The new developing corridors of Dwarka Expressway and Manesar offer a new hope for buyers, who had earlier been outpriced from the market. Property here is available in the range of Rs 3200-3800 per sq ft. Make sure your investment is with a developer who has a track record of delivering on time and also check on the location. Those nearest the main transport corridors will fare better in the short term. Others may take longer, but all are expected to perform fairly well in the long term.

In the wake of these fast developments, many reputed developers with secured land banks are constructing state-of-theart residential projects in Gurgaon. Now, the race is on for the tallest, the highest, and the biggest project! So, the array of choices coming up is large and the offering is varied.
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ANOTHER IMPORTANT FACTOR IS THAT ROAD CONNECTIVITY ACROSS THE CITY HAS SIGNIFICANTLY IMPROVED.
THE UPGRADE OF THE KEY ACCESS POINT TO GURGAON – THE MG ROAD – HAS ALSO CONTRIBUTED TO THE RISE IN VALUES ACROSS THE CITY

The Times of India

NEW FARIDABAD CLIMBING THE CHARTS

admin — Sat, 11 Feb 2012 08:34:44 +0000

NEW FARIDABAD CLIMBING THE CHARTS

New Faridabad is turning into a preferred destination for industries, IT companies, corporate bodies and government departments, says PUNITA

Only 25km from Delhi, the newly developed Faridabad, or New Faridabad, is turning into a preferred destination for industries, IT companies, corporate bodies and government departments.

Matching steps with Gurgaon and Greater Noida, Faridabad is adding to its value by developing fast. With Badarpur flyover being operational, the major irritant of huge traffic jams here is over. Easy connectivity attracts buyers, investors and, of course, developers.

Sectors 75 onwards, or the area opposite the Agra Canal in New Faridabad, will be valuable for real estate development. Though infrastructure in this area is not in place right now, the place holds a lot of promise because of the presence of good developers. Among the sectors that have great potential are Sectors 88 and 89; these are in demand as they will be close to two forthcoming highways.

Property rates in New Faridabad have jumped up by 20-25% during the last few months. This, coupled with its proximity to Delhi, good connectivity by rail, road and a planned Metro line, are making this place an ideal locality for long-term investors. Major players like Omaxe, BPTP, Ansals, Uppal, DLF and Realtech Group are coming up with residential and commercial projects, buoyed by the rapid development of infrastructure here and the proximity of the place to Delhi, Gurgaon and Noida.

“The new infrastructure projects that will help in development of Faridabad include the 165km-long Yamuna Expressway (near Sector 80) and a highway starting from Kalindi Kunj and running parallel to Mathura Road that will bypass the city. Sector 75 near Agra canal is going to be the next commercial hub for Faridabad. The authorities are paying due regard to the greening of the place as well,” Prashant Solomon, the joint managing director of Chintels Group, says.

Other infrastructure projects like the dedicated freight corridor in the vicinity with the catchments area being Faridabad, and a planned HSIIDC’s (Haryana State Industrial and Infrastructure Development Corporation) commercial hub near Faridabad, are further going to add to the importance of the place in realty terms. While several shopping malls are under construction, Faridabad is likely to have more than 40 such commercial spots over the next few years.

These projects have spawned new sectors with public and private sector partnerships; new institutional sectors are mushrooming; the skyline is transforming through a new urban development policy, even as new high-tech electronics and communications units and IT parks jostle for
space in these new sectors, and road and transport facilities and getting better by the day.

Navin M Raheja, the chairman and managing director of Raheja Group, says: “Property and real estate prices in New Faridabad are already shooting up. In the near future, the property at Greater Faridabad will be a priced possession.”

The industrial city with nearly 300 large and 10,000 small-scale industries under its belt has always been under-priced. But, now, the situation is changing. Not only does it have swanky residential projects, a lot of commercial projects have developed or are in various stages of completion here. The initiatives of the Haryana government are also among the prime factors behind spatial economic developmental here.

Connectivity plan for area development
Proposal to develop NH-2 from Delhi to Ballabgarh to expressway standards .
Proposal to connect peripheral expressways: Kundli-Manesar-Palwal (KMP) or the western peripheral expressway and the Kundli-Ghaziabad-Palwal (KGP) or the eastern expressway, are located closest to Faridabad-Ballabgarh.
Metro rail to be extended and further have feeder and connecting services with the Regional Rail Transit System, to cater to the increasing intracity urban transport needs.
The Yamuna Expressway will touch the area at Lalpur and go on to meet NH-2 at Shahpur. The completion of this stretch will improve Faridabad’s connectivity with Noida and Greater Noida.
Another highway is planned, which will begin from Kalindi Kunj, run parallel to Mathura Road, and bypass New Faridabad. This highway will touch all the new sectors, and will merge with the Mathura Road on the other side of Faridabad, again acting as a catalyst to property development.
Three-laning of Faridabad-Gurgaon Road, widening of the Surajkund Road and repairs of all main and internal roads in the sectors will provide new impetus to the realty growt.

The Times Of India