Gurgaon Real Estate Market As Top Real Estate Investment Destination

Real estate market in Gurgaon is still the top real estate investment destination in the Delhi NCR's property market, and a favorite for both end users and investors. If you are looking to make investment in property, Gurgaon property market will be the best option because of high returns and a secure investment environment.
Top realty players like DLF, Tata Housing, Hines, Homestead, Unitech, Ansal API, Raheja Developers, Chintels Ltd, Adani, Godrej, BPTP, IREO, M3M, MGF Emaar, Orris Infrastructure, Antriksh, Assotech Ltd, Supertech, etc, have huge land banks here and come up with new projects regularly.
Most of these developers hire top-notch engineering firms like L&T and Shapoorji Pallonji, etc, as contractors, which translates into timely delivery of well-engineered products.
The best locations to invest in Gurgaon are Golf Course Road, Golf Course Extension Road and the surrounding areas, Southern Peripheral Road, and the developing Dwarka-Gurgaon Expressway.
Investors are flocking to these areas owing to the new master plan which has focused on connectivity and lifestyle features. These areas come under the new master plan, which has made provision for superior infrastructure developments with wider roads, Metro connectivity, parks, etc, along with a good combination of commercial and residential mix of projects.

Appreciation Of Property In Gurgaon -In terms of appreciation, you are sure to get a well-appointed property that will not disappoint your expectations. Any new launch by top builders will fetch you an excellent return on investment. Undoubtedly, we believe investment in any of the listed projects on the Golf Course Extension Road, Southern Peripheral Road and Dwarka-Gurgaon Expressway will give a substantial return in the next three years.

Infrastructure and Connectivity In Gurgaon -With improving infrastructure and fast connectivity, the realty developments on Golf Course Extension Road, Southern Peripheral Road, Dwarka-Gurgaon Expressway and NH-8 has been considered the best region for end users as well as investors.
Golf Course Road is just minutes away from Mehrauli Road making it one of the best locations in Gurgaon, while the projects on Dwarka-Gurgaon Expressway are close to the IGI Airport.

Rise in Demand of Property In Gurgaon -A key driver of demand is the employment generated in Gurgaon. There is a large influx of well-paid professionals into Gurgaon every year, which translates into strong demand for housing in peripheral areas.
Clearly, the walk-to-work concept is in. Demand also comes from people who want a second home, either for spending their weekends, or for renting out. The NRIs also account for a large portion of this demand.
Compared to Noida, demand has always outstripped supply in Gurgaon. In several high-end complexes, corporates have bought apartments in bulk to house their senior executives. The biggest strength of the city lies in the massive employment opportunity available within a 10-15km radius. The product specifications of newer projects are better than the older developments. Encouraged by rise in demand and good response for our earlier products, we are developing Assotech Blith in Sector 99 on Dwarka-Gurgaon Expressway.

Top-Notch Realty Projects -

Luxurious and high-end residential projects are becoming the norm in this Cyber City with the new generation of highly paid professionals demanding world class properties; developers, too, have taken the cue and are tying up with a slew of international designers and architects to raise projects that rival the best anywhere in the world.
DLF has plans to launch 13-15 million sq ft of development in 2013-2014, of which 10 million sq ft will be in the residential segment, while it has earmarked 3 million sq ft for commercial segment and 2-3 million sq ft in the retail segment. DLF has a deep focus on the Delhi NCR region; out of their total land bank of 340 million sq ft, they have nearly 50% of it in Gurgaon.
Haryana government has designated the Aravali range around Sohna town as a natural conservation zone (NCZ) in the recentlynotified final development plan of Gurgaon-Manesar Urban Complex. Developers like DLF, MGF EMAAR, Raheja, Supertech Ltd, BPTP, Mapsko, etc, have launched high-end luxurious projects with the panoramic views of the Aravalis providing the backdrop.
Raheja Developers' Revanta, in Sector 78 in the heart of Gurgaon, has a highrise in Surya Tower and a low-rise in Tapas Town with 1-, 2-, 3-, 4-, 5-, 6BHK condominiums and penthouses of 1,200-5,000 sq ft. These are being built by Arabtec.
Spaze Towers Pvt Ltd has launched Kalistaa in Sector 84. Mapsko Group has launched a new project, Mount Ville, in Sector 79, Gurgaon. True to its name, the project boasts of scenic beauty and a picturesque view of the Aravali ranges. The project is being developed amidst nature with premium luxurious facilities. Developed over 16 acres and with 802 units. Another factor which adds up to demand is its easy connectivity from NH-8 and Southern Peripheral Road (SPR).  
In today's fast paced city life, everyone pines for a peaceful home. With this thought on Mapsko launched Mount Ville, a range of Hill Homes, which will bring people back to the mountains and the greens. This project will not just provide scenic beauty but also a healthy living. Kalistaa by Spaze, has one iconic tower with G+20 floors. Spread over 2.5 acres, the residential colony brings contemporary and luxurious lifestyle in 62 high-end luxury apartments. This project has been designed by India's renowned architecture firm ACPL.
Supertech Ltd has plans to develop an integrated township of high-end luxurious residential housing set in the backdrop of the Aravalis in Sector 79, Gurgaon. Supertech has already launched Supertech Araville in Sector 79; this project offers 2- and 3BHK residential apartments facing a dedicated lush green area over 10 acres. Supertech Araville is a premium residential project in the lap of the Aravalis. The project is an unmatched mix of amenities, conveniences at a strategies location.
Orris Infrastructure has launched Business Square, in Sector 82A, New Gurgaon. The project is a premium commercial complex having office spaces and hotels. Business Square is over 9.5 acres, with a 5-star hotel being built on 2,00,000 sq ft. The project also has office space for upscale MNCs, budget hotels and a convention centre over 6,80,000 sq ft.
Data Source- TOI

By-
Alok Kumar Upadhayay
Real Estate Professional

Indian Real Estate Market, Still A Safe Haven For Investment

Real estate in India is a sector which has grown by leaps and bounds in the last couple of decades. Indian real estate is considered ideal for investment purpose. Real estate sector has been witnessing rapid growth in major Indian cities with the high rises and malls adorning the city landscapes.
However, the feverishly growing real estate has been affected by sluggish sales and even the government is concerned about the state of realty in the last few quarters. At a time when the real estate is battling issues like lack of price correction, cumbersome approval procedure leading to project delays and most of the developers find themselves in a cash crunch, investors are bound to be apprehensive of investing in the sector. 

Good Times Ahead
However, real estate analysts have predicted that there is no need to worry about the bubble burst and that real estate still remains a safe bet for investing your precious wealth. Knight Frank, a renowned realty advisory firm, have come up with a study that says the real estate investors can expect a possible return on investments ranging between 18.6 percent and 29 percent per-annum over the next five years.  Based on a survey on Indian Real Estate Market, Knight Frank has come up with a list of 13 residential real estate areas, which are being expected to show a high rate of returns in next 5 years. It is being expected that even there is slowdown in Indian real estate market, property prices in these areas will show upward trend.
Indian real estate sector has been much speculated upon after reports of high number of unsold housing units in realty hubs like Mumbai. However, Knight Frank’s report says that despite the slump in the real estate market, Mumbai will continue to be the most promising investment destination followed by Delhi-NCR, Chennai, Pune and Bangalore.
13 destinations across the five cities of Mumbai, Delhi-NCR, Chennai, Bangalore and Pune have been identified in the report as the real estate hotspots. Prices are expected to appreciate in the range of 91-145 percent over the next five years in these locations. Akin to the recent past, residential real estate will emerge as promising asset class for investors during the stated period. As for the industry influences on real estate, performance of IT/ITeS firms will be crucial in the cities of Bangalore, Chennai and Pune.

Realty Hotspots
Delhi-NCR has been the scene of real estate burst in the past few years with enormous amount of housing projects coming up in Noida and Gurgaon. With investment point of view in real estate, Dwarka Expressway, Gurgaon and Greater Noida are among top 5 real estate investment destinations. The northern pocket shows spectacular correlation between infrastructural development and real estate boom as Noida Extension and Dwarka Expressway are expected to bring in 111 percent and 108 percent respectively over the period.
Ulwe, Wadala and Chembur in Mumbai are expected to witness price appreciation of 145 percent, 133 percent and 125 percent respectively in five years, places ensuring the highest returns by year 2017.
South Indian real estate market is deemed stable as compared to its counterparts of Delhi and Mumbai. Medavakkam and Pallikarni are being identified as the most profitable locality in Chennai. Medavakkam property prices are expected to rise by a whopping 103 percent, whereas Pallikarni will see an appreciation of 93 per cent.
Pune is a city where real estate development has entered the rapid growth stage. Hinjewadi, Tathawade, Ravet and Wakad would witness rise in prices by 100 percent, 98 percent, 97 percent and 91 percent respectively mainly due to the IT and ITeS sectors.
Bangalore real estate market is characterized by steady growth added with reasonable pricing as compared to other metros. Bangalore realty is expanding rapidly towards the outskirts. The Namma Metro connectivity will have a massive impact upon Bangalore’s real estate in the next five years. Hebbal and KR Puram are the areas identified who would be witnessing highest price appreciation. While Hebbal will witness 94 percent price rise, KR Puram property will appreciate by 91 percent.
Source-Web

By-
Alok Kumar UpadhayayCRE Solutions
Real Estate Professional

Indian Property Market Near-Term Outlook Remains Stable: Knight Frank

Indian property market is expected to remain stable in the near future even as prices in some of the international markets may fall 10-20% in the next 18 months, said global property consultancy services firm Knight Frank's proprietary partner and head of global residential agency, Lord Andrew Hay.

"American (property) markets are improving but some parts of Europe like Italy, Greece, Poland, Spain and Ireland, that have fallen by 60% in the last 5 years, are still vulnerable," Hay told ET. "Indian real estate is in a unique position like Singapore where actual demand is at work and therefore would remain insulated," he added. 

Hay thinks that despite economic and political changes in India, it's still a promising market. However, in order to emerge as a mature market, India needs to incorporate a framework combining transparent legal system, easy finance, liquidity in market and availability of thorough research about the market that allows one to know about it.

He drove home the point that property prices in cities like Mumbai and Delhi surpassing their previous peaks of 2007-08 is justified. The pricing trends here are clearly based on demand and supply, and there's no bubble being created as home buyers are not as highly leveraged as they were in the US and Europe, he said.

Anand Narayanan, National Director, Residential Agency - Knight Frank India, said too many regulations sometimes stifle growth. ""Some of the issues which actually do need regulation are customer rights; there should be regulations which ensure quality and timely delivery to customers," he said.

Narayanan thinks customer confidence, which has been rather low of late, is improving now.

"For the past 6 months, interest rates have been stable with a downward bias, mortgages are freely available. Hence, the outlook for (Indian real estate) in the near future seems stable/improving," Narayanan said. He, however, admitted that economic growth and uncertainty in the job market are major worries.
Source-ET

By-
Alok Kumar Upadhayay
CRE Solutions

Appu Ghar Sector 29 Gurgaon, Contact 9811730468, 9811845382, CRE Solutions

Just imagine riding a wheel which revolves and spins 360 degrees at full speed with laser lights lighting up the atmosphere. It may not look like very fast if you compare to a fast sports car but it will give you all the fun you want spinning your head. And this along with various entertainment and recreation options in the shape of Water Park, retail store, FEC and sports club would soon be part of Appu Ghar sector 29 Gurgaon. 

Really these are very unlike from the everyday merry-go-rounds and huge wheels. Ultra-modern amusement parks, theme parks with different zones, long elevated mono rails for travelling within the parks, laser shows and to top it all the exciting auto control rides that you might have seen in a Hollywood movies.

At Appu Ghar amusement park Gurgaon a roller-coaster that takes you as high as a multi storied building and then does two dangerous loops. A ferries wheel that takes you upper than any other place in this region make it sure to make it adventures. Amazing new-generation rides, water rides, theme parks and more are coming to the city, providing for great family and corporate outing environments.

In Delhi NCR regions already have many amusement and water parks, but the newer facilities are likely to offer far more in terms of quality of rides with themed retail complex which is planned to be developed on 42 acres of area in Appu Ghar Gurgaon. This Themed retail stores at Appu Ghar commercial project will offer to the visitor shopping, dining and entertainment facilities in the shape of movie theatre, club, pubs, and health club.

Appu Ghar commercial projects sector 29 Gurgaon as an ultra modern amusement and commercial destination, surrounded by many post residential areas, wide well connected roads, close proximity to Delhi and good connectivity from Delhi NCR through metro station, it is a preferred investment destination for investors with assured returns & elegant way of life. To cater to the multifaceted needs of this high profile destination, Appu Ghar property Gurgaon has unique shopping and recreational centre in the heart of Gurgaon.

About Appu Ghar Gurgaon –

The company has been allotted 42 acres of land in the heart of Gurgaon to set up a mixed use entertainment center. Appughar – Gurgaon to be built on 58 acres is being designed to offer the various entertainment and recreation options in the form of an Amusement Park, Water Park, Retail, FEC and a Sports club. It will consist of a Water Park, Family Entertainment Center, retail, commercial, sports activities and an Iconic feature of international standard. Since it is a multi location format, a suitable connectivity between the two locations will be provided in the form of shuttle bus services / mono rail.

Appughar – Gurgaon, a wholly owned subsidiary of IAL, would comprise of a theme amusement park, water park, an iconic feature and retail experience

The total land, spread of 58 acres, was allotted by Haryana Urban Development Authority (“HUDA”)

The project would provide an oasis in the heart of the corporate jungle and would be a first of its kind offering for amusement related activities in Gurgaon.

Connectivity-

Appughar – Gurgaon, a wholly owned subsidiary of IAL, would comprise of a theme amusement park, water park, an iconic feature and retail experience.

The total land, spread of 58 acres, was allotted by Haryana Urban Development Authority (“HUDA”).

The project would provide an oasis in the heart of the corporate jungle and would be a first of its kind offering for amusement related activities in Gurgaon.

The feature could be similar to the famous London Eye and would be first of its kind in India.

Spread over 10 acres, the amusement park would be the first amusement park in Gurgaon and would provide the residents with an ideal entertainment destination.

The amusement park, apart from the thrilling rides, would also have attractions like themed go karting, stunt shows, jugglers.

A sports facility cum training academy is being planned to be developed over an area of 3 acres.

The club would boast of world class training facilities and would host national and international tournaments on a regular basis.

The club would also provide recreational facility to the numerous corporates present in Gurgaon and would also host intercompany tournaments.

Retail Complex-

A themed Retail complex is planned to be developed on 2.5 acres area with a total built up area of 204,000 sq. ft.

It will offer to the visitors shopping, dining and entertainment in the form of multiplex, club, pubs, health club etc.

The retail mall would house stores of some of the best brands of the country and would provide delightful shopping experience.

It is expected to be operational in the next two years. The Retail complex is proposed to be put on direct one time sub-lease.

Iconic Feature-

A unique feature that is being planned to be developed in Sector 29 of Gurgaon.

The iconic feature would either be a Ferris wheel or a giant tower.

The feature could be similar to the famous London Eye and would be first of its kind in India.

Amusement Park-

Spread over 10 acres, the amusement park would be the first amusement park in Gurgaon and would provide the residents with an ideal entertainment destination.

The amusement park, apart from the thrilling rides, would also have attractions like themed go karting, stunt shows, jugglers.

It would also house India’s first wax musuem similar to Madame Tussauds.

Sports Park-

A sports facility cum training academy is being planned to be developed over an area of 3 acres.

Apart from the features of a regular sports club, it will also have an Olympic size swimming pool and tennis court.

The club would boast of world class training facilities and would host national and international tournaments on a regular basis.

The club would also provide recreational facility to the numerous corporates present in Gurgaon and would also host

About Developers- 

International Amusement Limited (IAL) was incorporated on 15th September 1984 by Mr. Gian Vijeshwar, a Sweden based NRI with the primary objective to conceptualize and set up India’s first amusement park “Appu Ghar”, which was inaugurated on 19th November 1984. Spread over 18 acres of land, it housed 20 rides and a water park in its premises. Appu Ghar successfully operated this park for the last two decades and because of an excellent recall value, the park received an average of 1.4 million visitors annually. The Appu Ghar had to be closed as the lease for land was not renewed by the authorities for various reasons.

IAL having started the amusement industry in India has also been the longest. Its first venture Appu Ghar was a phenomenal success because of its incredible insight into the Indian local sentiments and its high international ambition. The company’s local understanding and success story motivated to bring forth more exciting projects to the Indian palate.

Source- WebWorld

By-

Alok Kumar Upadhayay

CRE Solutions

Professional Real Estate Consultant

Contact - 9811730468, 9811845382

Dwarka Expressway Is Hotest Realty Investment Destination

In the current scenario, the Chattarpur-Ghitorni road or NH-8 is the only option, if you have to travel from Delhi to Gurgaon. But it is not going to be the only option in near future as a new link in the form of a 150-metre-wide expressway is being developed between Delhi and Gurgaon called Dwarka Expressway or the Northern Peripheral Expressway. This 18km-long expressway will start from Sector 22 in Dwarka at the Delhi end and will meet NH-8 at a place called Kherki Daula (near Haldiram).
In recent times, the sectors that lie alongside this expressway have emerged as an attractive destination for real-estate buyers and investors.
Proximity to the international airport and close proximity to the capital city Delhi has enhanced the area's cachet in the eyes of investors and end users.

Infrastructural advantages 

No need to say that this area's biggest infrastructural advantage is the 150-metre-wide Dwarka expressway.

In comparison, the NH-8 is only about 70 metres wide. A road of this width will be easily able to cater to a burgeoning traffic for the next 30-40 years. The area along Dwarka Expressway is part of New Gurgaon, which is being developed in a better planned manner and with better infrastructure. The sector roads here, for instance, will be 60-75 metre wide. The sewage and electricity distribution systems will also be more advanced.

As per experts planning in this area is likely to be of a high order. The current Gurgaon grew organically. But, for these new areas, master planning has been done. Most of this area is agricultural land, with very few villages in its midst. So there is scope for proper planned development.

Plans are also afoot to bring the Metro line to this area. The Metro will run on the ground, along the middle of the expressway. This will reduce the capital cost incurred on setting it up and make it viable more quickly even with a smaller traffic volume.

Where the expressway meets Delhi, there are plans to develop a Diplomatic Enclave and a golf course.

Early movers into this area will, however, have to depend on the social infrastructure of nearby areas like Palam Vihar, Gurgaon and Dwarka, which already offer a good mix of schools, hospitals and shopping complexes.

Price range

Apartments being sold in the Dwarka Expressway area belong to three price brackets. Smaller developers' apartments sell in the range of Rs 3,650-4,500 per square foot. Apartments in high quality builders' projects sell in the range of Rs 4,800-6,000 per square foot. Finally, prices in the premium segment range from Rs 7,000-9,000 per square foot. Sobha Developers is building International City in Sector 109, where they are selling high-end villas at Rs 9,000-10,000 per square foot. Plots are available in the range of Rs 45,000-55,000 per square yard.

Should end users buy?

Connectivity with Gurgaon and Delhi, proximity to the airport, and planned infrastructure development are some of the key positives of this area. But, above all, its biggest attractiveness is pricing.
This area is a very good value-for-money proposition currently. Prices in Gurgaon and Dwarka have shot up. Here, buyers, who wish to move in within three-four years, can buy houses at a reasonable price.
From the standpoint of those living in Gurgaon, Dwarka Expresswayarea offers an alternative to Golf Course Road, Golf Course Extension Road and Sohna Road. Delhiites, can look upon it as an alternative to Dwarka and areas of West Delhi. There is a big price arbitrage that buyers can avail. Prices of apartments in Dwarka are in the range of Rs 12,000-12,500 per square foot while here you can buy apartments for Rs 4,000-6,500 per square foot.

Should investors punt on this area? 
The area has provided good appreciation in the past. At the end of 2009, when projects were announced in Sectors 110 and 111 (sectors that are closest to Delhi), the rate was Rs 2,300 per square foot. Today, the going rate in the secondary market for these projects is Rs 5,500 per square foot. Further inside, in Sector 103, projects were launched at the rate of Rs 2,500-2,600 per square foot at the start of 2010. Today the rate in that area is Rs 4,100-4,200 per square foot.
The trigger for the next round of price appreciation in the area will be the expressway. Once the news spreads that all clearances for developing the expressway are in place, what is selling for Rs 5,500 per square foot today will jump to Rs 10,000 per square foot.
Thereafter, the next round of appreciation can be expected when builders begin to give possession in their projects and people actually begin to live here. In five to seven years, prices in the Dwarka Expressway area will match those on Sohna Road, and in 10 years they will be on a par with those on Golf Course Road and thus investors in this area could enjoy the same kind of appreciation that investors in Dwarka have got.
Today, in Dwarka, apartments are available for Rs 11,000-12,000 per square foot. Remember that in this area, apartments have been developed by the Delhi Development Authority, while in Dwarka Expressway area they will be developed by private developers, who offer a better finished product with more amenities. There is no reason why prices here will not touch those levels in a few years especially in the sectors closer to Delhi like sec 111, 113, 114 etc.

The hitch 
The biggest question in the minds of builders, investors, and end-users in this area is when the expressway will be completed. The most positive assessment is one year, but others believe it may take longer. According to sources, land acquisition in areas close to Delhi is an issue. Some areas in New Palam Vihar have yet to be obtained.
However, buyers should take heart from two things. One, in the Gurgaon or the NCR area, once a plan is drawn up it does get executed. Though there might be delays, the probability of these plans reaching completion is high. Two, so much of builders' and investors' money has already been invested in the area that there will be pressure on the authorities to complete this project soon.
Nonetheless, to hedge your bets, invest in areas that already have connectivity.

Points to heed 
A large number of builders are setting up projects in this area. Some may not have proper ownership rights to the land on which they claim to be setting up projects. Do check the documentation, especially in the case of smaller builders.
Avoid pre-launches where prices might be lower but risks are very high.
Google "Gurgaon Masterplan" on the internet and check out the map of the area. You will be better off investing in a location closer to the expressway rather than deep inside.
Finally, do visit the site and ensure that it has connectivity.
Source- TOI

By-

Alok Kumar Upadhayay

CRE Solutions
Professional Real Estate Consultants