Gurgaon new sectors- home to highrise apartments
Highrises to take centre stage in Gurgaon-Manesar belt
NEW DELHI: The national capital's satellite township of Gurgaon, a city of malls and commercial skyscrapers , is seeing a growing trend of highrise residential apartments marking its skyline. As much as 60% of the total population residing in the 57 sectors of Gurgaon lives in these highrise societies built by private developers likeDLF, Unitech, Emaar MGF, among several others.
Read more…
Gurgaon Expressway to become smoother
Gurgaon Expressway to Have more toll lanes and 4 new underpass
The residents of Gurgaon and Manesar have a news to cheer up. Soon Gurgaon expressway would have four new underpasses, 2 additional lanes at Kherki-Daula toll entry points (presently 10 toll points) and 18 additional toll entry points on Delhi-Gurgaon border toll plaza (presently 32 toll entry points).
Delhi, Gurgaon n Noida- Fav inv destination in Asia-Pacific Region
Realty pecking order holds out hope
Mumbai, Dec. 23:India is emerging as a top destination for real estate in the Asia-Pacific region with Mumbai and New Delhi ranked third and fifth, respectively, in a list of the region’s most promising investment markets for 2011.
A report by Urban Land Institute and PricewaterhouseCoopers (PwC) titled “Emerging trends in real estate; Asia Pacific 2011” also heaps praise on Mumbai and Delhi as the most favoured destinations for development prospects.
WB Loan for Eastern Freight Corridor
Dedicated Freight Corridor is one project that can dramatically change industrial face of India and NCR region in particular. There is a positive news flow on Eastern Dedicated Freight Corridor as the World bank has issued Rs 10,800 crores loan for corridor. The corridor runs from Ludhiana to Bihar (to be extended to Kolkata) with a total length of 1280 km. Dadri would be the junction of Eastern and Western Dedicated Freight Corridor. The more popular and dynamic Delhi-Mumbai Dedicated Freight Corridor would be 1483 km long between Dadri and Mumbai.
Refer to below news article from NBT
KMP Expressway: Further Delayed
महत्वाकांक्षी परियोजना केएमपी एक्सप्रेस-वे का 53 किमी लंबा पहला चरण होगा शुरू
Story Update : Sunday, February 05, 2012 12:01 AM
गुड़गांव। प्रदेश की महत्वाकांक्षी परियोजना कुुंडली-मानेसर-पलवल (केएमपी) एक्सप्रेस-वे (वेस्टर्न पैरीफेरल एक्सप्रेस-वे) के पहले चरण में 53 किमी लंबा मानेसर से पलवल रूट अप्रैल में शुरू हो जाएगा, जबकि 135 किमी पूरे केएमपी एक्सप्रेस-वे को वर्ष के अंत तक खोल दिया जाएगा। गौरतलब है कि केएमपी एक्सप्रेस के निरीक्षण के बाद मुख्यमंत्री परियोजना में हो रही देरी को लेकर नाराजगी भी जाहिर कर चुके हैं। केएमपी एक्सप्रेस-वे को शुरू करने के लिए अब तक कई बार डेडलाइन बदली जा चुकी है। मानेसर से पलवल रूट खुलने पर टोल का भी भुगतान करना होगा।
चार राष्ट्रीय राजमार्गों को आपस में जोड़ने वाले केएमपी एक्सप्रेस-वे का करीब दो हजार करोड़ रुपये की लागत से निर्माण किया जा रहा है। केएमपी एक्सप्रेस-वे के शुरू होने से एनएच-1, एनएच-10 और एनएच-8 से होता हुआ पलवल में एनएच-2 से मिलेगा।
कंपनी प्रवक्ता के अनुसार, केएमपी एक्सप्रेस-वे दिल्ली-अमृतसर राष्ट्रीय राजमार्ग-1, दिल्ली-फाजिल्का राष्ट्रीय राजमार्ग-10 तथा दिल्ली-जयपुर राष्ट्रीय राजमार्ग-8 को काटता है, इसलिए वहां बडे़-बडे़ लूप बनाए जाएंगे। यह लूप दिल्ली में धौला कुआं पर बने लूप जैसे होंगे, जिनसे वाहन चालक राजमार्गों से केएमपी एक्सप्रेस-वे के ऊपर चढ़ सकेंगे तथा नीचे भी उतर सकेंगे।
Read more…
ET Realty Convention 2010: Planning new-age townships
ET Spcl: The way forward for new-age townships
20 Dec, 2010, 08.48AM IST, Neha Bhatia,ET Bureau
With metro cities already bustling with over-population , the focus of real estate developers and urban planners has now shifted towards developing the satellite towns on the periphery of bigger cities. However the biggest bottleneck in popularising new townships in the peripheral regions is the lack of proper connectivity. As the real estate sector is finally coming on the fast track, connectivity remains the major concern.
Giving an overview of the sprawling urban areas in different parts of the country at the Economic Times Realty Convention 2010, Kumari Selja, Minister, Housing & Urban Poverty Alleviation said, "Almost all the major towns and cities have expanded along the highways connecting cities in regions for example Delhi-Jaipur , Delhi-Meerut , Mumbai-Ahmedabad , and so many others throughout the country.
Read more…
Housing Prices in Delhi-NCR at 2008 High
Housing prices in Delhi, Mumbai at 2008 peak level: JLL
NEW DELHI: Global property consultant Jones Lang LaSalle today cautioned that housing prices in Delhi-NCR and Mumbai have reached the peak level of 2008 and any further rise in the rates will adversely affect the demand.
Read more…
Read more…
NCR Realty Trend 2010: Property Price Revival
Realty prices back on track in Delhi
India Infoline News Service / 16:59 , Dec 15, 2010
The trends clearly prove that 2010 was a year of revival and the overall sentiment of the sector has improved dramatically since the downturn and property prices are back to the 2007 levels.
Orbital Trains Route along KMP n EPE being re-worked
CONNECTIVITY PLAN TO FREE TRAFFIC JAMS
The Times of India
17 March 2012
A draft plan has been presented to the NCR Planning Board to handle the increasing volume of traffic in the NCR. A K TIWARY writes
An integrated transport report has been prepared for the NCR Planning Board keeping in mind the increasing volume of traffic in the area.
The report has laid a road map for bypassing the traffic bottlenecks on the capital's periphery. Its prescription leads to 11 new expressways and two orbital railway corridors connecting major cities around Delhi. The connectivity plan is based on the study commissioned by the NCR planning board two years ago. The plan was approved in a board meeting recently. The board has decided to initiate action for priority implementation of a region-wide rail-based system connecting various metropolitan and regional centres and sub-regional centres.
Haryana to have 3 news IMTs n 3 Industrial Estates
Haryana to set up new industrial estates
Chandigarh, Dec 14 (IANS) To cash in on the growing interest of foreign companies and Indian industrial houses wanting to invest in the state, the Haryana government will set up three new industrial model townships (IMTs) besides other industrial estates in the state.Three industrial estates and seven more industry-cum-service centres would also be set up at different locations in the state for promotion of industries and creation of more opportunities for employment, an official spokesman said here Tuesday. The three new IMTs were coming up at Faridabad in the national capital region (NCR) of Delhi and Rohtak and Kharkhoda in NCR vicinity.
NCR New Project Launch Update
Raheja launches Vedas in Gurgaon
NEW DELHI: Raheja Developers has launched Raheja Vedas in Sector 108, Gurgaon. Situated near the upcoming Dwarka Expressway, the diplomatic enclave Dwarka in Palam Vihar, the project is to come up on the 150 m wide and 18 km long Northern Peripheral Road. Raheja Vedas will offer air-conditioned apartments with modular kitchens. It offers 2,3 and 5 bedroom apartments with sizes ranging from 1,365 sq ft to 2,490 sq ft. Penthouses, which have five bedrooms and a servant quarter, range from 4,022 sq ft to 5,396 sq ft.
Gurgaon Private Metro to be eco-friendly
Gurgaon's private metro (Rapid MetroRail Gurgaon) would be equiped with green technology to reduce noise pollution. The metro would connect Sikandarpur metro station of DMRCL to NH-8 near DLF's Cybercity.
For more details on the story, please refer below hindi article
NCR/Delhi property rates peaked !
Residential demand, not pricing, will drive growth
Money Matters, Livemint, 9 Dec 10
We recently visited Delhi-National Capital Region (NCR), Bangalore, and Mumbai as a part of our GS India Property Tour. We visited about 25 sites at various stages of completion, met management teams and property consultants and made some broad industry-wide observations.
As we had highlighted in our 8 November report, we believe that property prices in pockets of Delhi-NCR and Mumbai in particular seem to have peaked, and we expect limited further price appreciation. Prices in Bangalore have remained fairly stable, but further appreciation should be held in check by high supply potential. We observed higher price inflation in city-centre properties during our tour.
Gurgaon touching new heights
Millenium City Touching New Heights
GURGAON: From a city of commercial high-rises, Gurgaon is slowly taking shape as a city of residential high-rises.
The city has almost 60 per cent of its population living in these high-rise condominiums which are sparsely spread in the existing 57 sectors across the city.
Emaar MGF offers luxury villas in Gurgaon
EmaarMGF plans 200 luxury villas in Gurgaon
Express news service
NEW DELHI: Realty major Emaar MGF has said it would develop 200 luxury villas in Gurgaon, which would generate a revenue of at least Rs 900 crore to the company. The company would sell these villas in the price range of Rs 4.5 crore to Rs 8.5 crore, Emaar MGF said in a statement. The project ‘Marbella’ will be spread over 110 acre. Emaar MGF, which plans to raise Rs 1,600 crore through initial public offer (IPO), is presently developing 33 housing projects across the country.
Source: http://www.indianexpress.com/news/city-lights/720340/1
DLF sells 150 plots @Rs 60K in Gurgaon
DLF sells 150 plots in Gurgaon for more than Rs 500 cr
NEW DELHI: Country's largest realty firm DLF has sold 150 plots, garnering more than Rs 500 crore, in a township project at Gurgaon, sources said.
DLF launched yesterday a 100-acre township 'Alameda' in Gurgaon.
In the first phase, it released 150 plots at Rs 60,000 a sq yard with inaugural discount of 10 per cent and they were sold within a few hours of the launch, sources said. The plots are available in two sizes — 540 and 700 sq yards.
NCR Realty Hot While Mumbai Realty Cools
Difference due to pricing; up by a third in Mumbai since Jan, almost stationary in Delhi.
Sanjay Sanghvi, a real estate consultant in the Dadar area of Central Mumbai, says these days he barely manages to broker two-three apartment deals a month, compared to half-a-dozen almost a year ago.
"It is difficult now. People are reluctant to buy, as prices have gone up sharply. They will buy only if prices come down," says Sanghvi.
Sanghvi says he is flooded with sales calls from developers — including Indiabulls, Lodha Group and DB Realty — building high rises in Lower Parel-Worli-Parel area of south-central Mumbai. Prices in this erstwhile textile hub range from Rs 22,000 to Rs 35,000 a square feet.
Sanghvi's case is just an instance of dwindling home sales in the country's commercial capital, following steep rises in prices over the last one year. According to realty research company PropEquity, home sales in Mumbai have fallen 35 per cent since the beginning of the year and 45 per cent since June this year
But the scene is quite different in the national capital region, or NCR, which comprises New Delhi and its satellite towns such as Noida, Gurgaon, Ghaziabad and Faridabad. Property sales in these areas have gone up nearly 90 per cent since the beginning of the year.
Price is obviously the main factor. Data show that prices in Mumbai city have risen 28 per cent since the beginning of the year and 13 per cent since June.
"During 2008-09, nobody was buying and prices were at reasonable levels. A lot of pent-up demand came into the market after that. But after so much hectic buying and price rise, sales are bound to take a knock," says Anshul Jain, chief executive of DTZ, an international property consultant.
In most areas of the NCR, however, prices have remained stagnant since the beginning of the year. For instance, in Noida, average property price hovers around Rs 3,341 a sq ft, compared to Rs 3,140 in January, a mere five per cent increase. Prices have gone up by 1.48 per cent in New Delhi since the beginning of the year.