Gurgaon’s parking shortage
Space crunch drives shoppers crazy
Bhawna Gandhi, TNN, Jan 21, 2011, 05.47am IST
GURGAON: Parking problems in the malls and marketplaces, continue to be a major source of concern for people in Gurgaon.
Be it the Qutab Plaza, Galleria market, Vyapar Kendra, Sector 14, or other shopping malls in the city, lack of parking space in most of the places make life difficult for both shoppers as well as local residents.
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Haryana to set-up global cargo airport
Update 18 Jan 2011
Haryana chief minister, Bhupinder Singh Hooda on Monday said that the government intended to set up an international cargo airport in the NCR region and 3,000 acre of land has been identified for the project at Bhaini Maharajpur and Bhaini Bhairon villages.
The chief minister was speaking at a dinner meeting of industrialists of Japan and India in New Delhi last evening. Former Prime Minister of Japan and chairman of India -Japan Global partnership Summit (IJGPS Yukio Hatoyama was present in the meeting.
Gurgaon’s Pod Taxi- Know more
पोड टैक्सी के रूट से रुकावटें होंगी दूर
13 May 2011, 0400 hrs IST
नबीटी न्यूज॥ गुड़गांव
पॉड टैक्सी के रूट की अड़चनों को दूर करने की कवायद अधिकारियों ने शुरू कर दी है। नगर निगम के कमिश्नर और पर्सनल रैपिड ट्रांजिट (पीआरटी) सिस्टम के नोडल ऑफिसर सुधीर राजपाल की अध्यक्षता में हूडा, पीडब्ल्यूडी बीएंडआर और बिजली निगम के अधिकारियों की एक बैठक गुरुवार को हुई। बैठक में पॉड टैक्सी के रूट को लेकर चर्चा की गई। इस रूट को मेसर्ज अल्ट्रा फेयरवुड ग्रीन ट्रांसपोर्ट प्राइवेट लिमिटेड की ओर से तैयार किया गया है।
एक सप्ताह में देना होगा जवाब
नगर निगम के एक अधिकारी ने बताया कि हूडा, बिजली निगम और पीडब्ल्यूडी बीएंडआर को पॉड टैक्सी के रूट का नक्शा सौंपा गया है। उनसे आग्रह किया गया है कि इस रूट की जांच करें और एक सप्ताह के अंदर रिपोर्ट प्रस्तुत करें कि कंपनी की ओर से तैयार किए गए रूट में उनकी कोई मास्टर सर्विसेज आ रही हैं या नहीं। हूडा के सर्कल नंबर 2 की ओर से रूट को हरी झंडी दे दी गई है। इनके अधिकारियों का कहना है कि रूट को लेकर सर्वे किया जा चुका है, उनकी कोई मास्टर सर्विसेज इस रूट में नहीं आ रही है। अब हूडा के सर्कल नंबर 1, बिजली निगम और पीडब्ल्यूडी बी एंड आर को रिपोर्ट सौंपनी है। रिपोर्ट सौंपने के बाद सभी विभागों के अधिकारियों की बैठक दोबारा होगी, जिसमें इन बाधाओं को दूर करने को लेकर चर्चा की जाएगी। अगर मास्टर सर्विसेज शिफ्ट हो सकती हैं तो इस बारे में विचार किया जाएगा। अगर नहीं तो रूट को दोबारा तैयार करने का आग्रह कंपनी से किया जाएगा। रूट के फाइनल होने के बाद प्रदेश सरकार को इससे अवगत करवा दिया जाएगा।
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High prices n weak demand impact realty firms
Growth of realty firms reined in by high prices, weak demand
Home sales have dropped in what’s traditionally been the strongest quarter for property sector
14 Jan 2011
Growth of most real estate companies in the December quarter remained muted on the back of higher pricing, weak demand and delayed project approvals.
Residential volumes declined in what is seasonally considered to be the strongest quarter that’s typically boosted by festive sales, said analysts.
Gurgaon-Mundra Port: Double stack train to start
Now, double-stack train to Mundra
PTI, Jan 13, 2011, 10.37pm IST
Keeping in mind the industry requirement, railways will soon introduce double-stack container service between Gurgaon and Mundra port in Gujarat. All necessary preparations to run the double-stack container train are complete and it will be made operational anytime after getting the Research Designs and Standards Organisation ( RDSO) approval, said a senior Railway Ministry official.
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Realty could slow down due to price and interest rates
10 Jan 2011
Housing demand to slow down on higher price and mortgage rate
New Delhi, Jan 10 (PTI) Housing demand is likely to slow down due to higher prices and increased home loan rates in the current year, rating agency Fitch said today.
"The higher prices combined with the increase in interest rates on mortgages in 2011 is likely to slow down growth in the residential segment," Fitch said in a report referring to demand and sales.
After a huge slump in 2009, real estate sales zoomed on in 2010, driven by pent-up demand for homes, particularly in the affordable housing segment. The trend was witnessed throughout the country.
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Tips on finding right property broker
Jan 11 2011
Get your broker to earn his commission
Brokers are supposed to provide a host of services, apart from just showing you a house. Before signing the cheque, ensure they deserve i
Think of buying a house and it’s not just the price of the property you need to consider. There are other big-ticket expenses such as paying the stamp duty and the brokerage. Striking a property deal without a broker is difficult. But the broker’s responsibility doesn’t just stop at introducing the owner and the buyer. Though the unorganized real estate sector leaves the responsibilities of the broker unclear, a broker’s job doesn’t end until you have moved into an undisputed, clean house.
Gurgaon builder lobby silently exits realty
Update 10 Jan 11
Gurgaon.
A very interesting game of property cartel management was recently played by builder lobby in Gurgaon. The game started to be played since Sep-Oct 10 and was stopped silently by the builder lobby in Dec 10 when they had cooly exited most of their investment. The retail investors who couldn;t understand the game are finally holding the real estate with a loss of about 10% in just one month.
For more details please see attached artcile below
Haryana to connect cities with metro
Haryana Plans to Connect Cities with Metro
9 Jan 11
New Delhi
With quality public transport remaining a challenge in Haryana, the state government has made ambitious plans to connect major cities bordering the national capital with metro rail system.
Announcing this today on the occasion of the 9th Pravasi Bhartiya Divas here, Chief Minister Bhupinder Singh Hooda said, "We recognise that good connectivity and efficient transport has a significant bearing on the overall development process. We are taking necessary steps in this regard."
Gurgaon emerging as major financial hub
10 Jan 11
GURGAON: Gurgaon is fast developing as an important financial hub and emergence of such new centres always helps in de-congesting the finance market, said C Rangarajan, noted economist and financial advisor to the PM.
Academicians and economists spoke on the future of Indian finance market, with comments on the rapid development of Gurgaon as a corporate and real estate hub, at the FINCON 2011 on Saturday.
Where to invest in 2011 ?
Expensive Real Estate Markets are Due For A Correction
But prudent investors will find plenty of opportunities in premium and redevelopment projects
by T Surendar | Jan 7, 2011
In late November, soon after environment minister Jairam Ramesh gave the green signal for Mumbai’s second airport, property prices around its location shot up by 20 percent. This was the same area that, even six months ago, real estate consultants and analysts were advising investors to stay away from. They reasoned that the prices had run up way too quickly. Today, the same professionals are recommending buying select properties in the same area at higher prices.
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NCR-Delhi: Property trend for 2011
Property prices to rise in next one year, then correct: NHB
PTI, Jan 5, 2011, 06.21pm IST
NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. "In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices," NHB Chairman R V Verma told reporters on the sidelines of Skoch summit.
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Things to check before buying farmland, sr citizen or retail space
3 property deals that need extra thought
LiveMint
Though they are attractive, there are risks and restrictions involved. Know them before you buy. The real estate market witnessed a buying/selling frenzy in 2006-07 and the beginning of 2008. Foreign direct investment, introduced in 2005, had settled in by then and prices were up 40-50% the actual values. In some cases, prime properties were sold 10 times in a month. For buyers, any property became worth buying. An upcoming apartment in a distant suburb, a vacant plot, a redevelopment project or commercial or agricultural plots, buyers saw investment opportunities everywhere.
Gurgaon to Faridabad in 20 minutes by widened road
1 महीने में गुड़गांव टू फरीदाबाद सिर्फ 20 मिनट में
1 Dec 2011, 0400 hrs IST
पूनम गौड़ ॥ गुड़गांव
गुड़गांव से फरीदाबाद जाने में भले ही अभी कई समस्याएं हांे लेकिन 31 दिसंबर से आपका यह सफर स्मूद होने जा रहा है। जल्द ही गुड़गांव से फरीदाबाद पहुंचने में सिर्फ 20 मिनट ही लगेंगे। 31 दिसंबर तक गुड़गांव-फरीदाबाद रोड को पूरी तरह तैयार कर लिया जाएगा। फिलहाल इस सड़क का 85 प्रतिशत काम लगभग पूरा हो चुका है। हालांकि अरावली की हरी-भरी वादियों से गुजरने वाले इस स्मूद और सुहाने सफर के लिए आपको जेब भी ढीली करनी होगी। इस रोड पर टोल लगाया जाएगा। गौरतलब है कि रिलायंस इंफ्रास्ट्रक्चर की ओर से बनाए जा रहे इस प्रोजेक्ट के पूरा होने के बाद न सिर्फ गुड़गांव-फरीदाबाद के बीच की कनेक्टिविटी बेहतर होगी बल्कि इंडस्ट्री का काम भी बेहद आसान हो जाएगा।
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NCR-Delhi attracts FDI
Over 50% of FDI went to Maharashtra, NCR in H1 FY'11
Press Trust of India, December 27, 2010 (New Delhi)
Maharashtra and the National Capital Region accounted for over 50 per cent of foreign direct investment inflows into the country during the first half of 2010-11, says the latest Industry Ministry data. Maharashtra attracted the maximum foreign direct investment (FDI) of about $2.67 billion (Rs. 12,275 crore) during April-September, 2010, accounting for 34 per cent of the total FDI in the country during the period. Delhi's National Capital Region (NCR), including parts of Uttar Pradesh and Haryana, received $1.96 billion (Rs. 8,961 crore) of FDI during the period. NCR accounted for 20 per cent of the total FDI in the country. During the period, India attracted $11 billion of FDI, the data said. According to experts, the good infrastructure of states like Maharashtra and Delhi made them more attractive FDI destinations than states with poor roads and power facilities.
NCR-Delhi: Realty Trend for 2011
Residential market looks up
DHNS, 31 Dec 10
What defines this year in terms of real estate? The RBI seeing red over the teaser home loan regime, its move to tighten the flow of 'easy money' into the real estate market or the residential sector spearheading recovery of market economy…DH Realty looks back.
A good year for residential sector, not a full recovery for the commercial sector, status quo in terms of Bangalore’s infrastructure…That has been the story of the year gone by for the real estate sector.
According to a survey by makaan.com, “the year 2010 can be considered a mixed year for the Indian real estate sector. The industry displayed some positive signs of revival with homebuyers and investors coming back to the property market on the back of a higher consumer confidence and the promise of sustained GDP growth. This lead to hardening of the property prices in the beginning of 2010. The home prices moved up at a brisk pace during Oct 2009 to March 2010. The sudden and steep rise in prices created a fear in the mind of the genuine homebuyers and they adapted a wait and watch approach during the second half of 2010.”
Gurgaon new roads, metro, pod n RRTS status
Gurgaon Various Infra Projects News/Status
Please find below the useful links on the news/status of various Gurgaon road/ metro/ rail projects
New Road between Gurgaon and Vasant Kunj
KMP Expressway Progress Hindi Article
Gurgaon-Faridabad Road and Ballabhgarh-Sohna Road Widening
New-flyover-underpasses-cybercity
Gurgaon NPR & SPR (Northern Periphery Road & Southern Periphery Road)
Gurgaon NPR project plots to be offered in compensation
Eastern Peripheral Expressway hurdles cleared
Gurgaon Private Metro/ Rapid Ransit Sstem (RRTS) /Pod Taxi/Infra Projects
Gurgaon Private Metro (Rapid Metro Rail Gurgaon)
Gurgaon Manesar Corridor infrastructure
NCR orbital trains along peripheral expressway
Delhi- NCR sees whopping 36% price rise in residentials in 2011
Update 30 Dec 10
Residential prices rise 36% in Delhi-NCR in 2010
NEW DELHI: After more than a year of lull, the residential segment in Delhi- NCR and Mumbai have witnessed price rise by up to 36 per cent during 2010 on the back of good demand.
Read more…
Gurgaon NPR- Inching Closer
No Progress Road: NPR to miss second deadline
HT Correspondent, Hindustan Times
Gurgaon, December 03, 2012
Eight months after it missed its first deadline, the much-hyped Rs. 57 crore Northern Peripheral Road (NPR) project is still struggling to reach the finish line even as the second deadline looms round the corner. The 18-km-long road, also known as Dwarka Expressway, is bound to miss the
December 31 completion deadline — thanks to the lackadaisical attitude of the Haryana Urban Development Authority (Huda).
The 150-metre-wide road will connect Dwarka in Delhi and Kherki Daula on NH-8.
Of the 18-km stretch, the bituminous work is complete hardly on eight km area. Moreover, a four-km stretch is entangled in a legal dispute.
"We still have 28 days and we hope to complete at least five km. I have asked the contractor to speed up the work and complete the stretch by end of the month," said Pankaj Kumra, chief engineer, Huda, the custodian authority of the project.
When questioned about the reason for the delay, the chief engineer said, "The contractors are facing law-and-order problems on the NPR, mainly on the portion under litigation. The workers are having difficulty as many houses and establishments have not been removed for the work.”
The delay has shattered the dreams of tens of thousands of buyers and builders whose money is invested in hundreds of projects coming up along the NPR. The project was awarded to JSR Construction Pvt Ltd and Indiabulls Construction Limited on April 1, 2011 and its first deadline was March 31, 2012.