Real estate

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Neharpar, now part of Faridabad’s new Master Plan, is set to gain a foothold in big-league realty market once current development projects are completed in next 3-4 years, says
Brix Research

The Neharpar region in Faridabad was incorporated into the Master Plan of Faridabad about 5 years ago, in 2004-05, under the city’s new Master Plan. With an area of approximately 3,000 acres, it covers Sectors 70 to 91. Still in its early stages of development, the area has a mix of both residential and commercial property. With multistorey apartments, plots, villas and townships, a large number of options are available in the residential category. The Municipal Corporation of Faridabad has notified Sector 79 as the commercial district in the area with individual shops and SCFs (shop-cum-flats) developed in the commercial category.
Neharpar boasts of some big developers like BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions, RPS, etc, who have launched projects in the area. BPTP is a major developer with almost 60% of the projects in the area being under its belt. The residential plots are available in the range of Rs 10,000 and Rs 15,000 per sq yard and flats are available within a price range of approximately Rs 1,800 to Rs 2,000 per sq ft. But prices are expected to rise as development progresses. Currently, it is in early stages of infrastructure development, and connectivity with other areas of the city is also not up to the mark. Once these facilities are in place, Neharpar will be on a par with other major realty hotspots.
Private developers are equipping their projects with basic utility services. BPTP, for example, has received sanction for a 30MW power station for Sectors 75-76, but still, current facilities call for a major overhaul. In order to improve the area’s connectivity, roads in and around the area need to be improved.
Government has moved in this direction by imposing Section 17(4) of Land Acquisition Act for mandatory acquisition of land which comes under the sector roads. This will ensure the development of the sector roads in the area leading to a positive impact on its valuation.
Opening of the Badarpur flyover and the Metro link will also help in attracting buyers and contribute towards developing a more positive image of the area. Moreover, HUDA is also planning to widen existing bypass at Sector 37. Such infrastructural improvements and development will add to the USP of the place.
Currently, 90% of buyers are investors lookin for long-term gains. As the property is in different stages of construction, individual buyers are not yet keen on purchasing. According to Vipin Sood, a city based realtor, “The area will be able to fully realize its potential only after 3 to 5 years and will then be able to gain foothold in the market.”

Courtesy:- Times Property dtd:- 06-02-2009

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While commercial segment is yet to witness significant appreciation after economic downturn, infrastructure developments like the completion of Gurgaon Metro line bodes well for Gurgaon’s real estate market. Brix Research tracks real estate values through the economic recession and recovery

Post-2008, Gurgaon’s real estate market witnessed some fluctuations. Some positive drivers of this change - completion of Gurgaon Expressway, proposal for extension of Delhi Metro rail services, as well as other developments envisaged in Gurgaon Master Plan 2021 - took real estate values to their peak in April 2008. Further, these factors ensured that values were fairly stable or fell marginally when the rest of National Capital Region was reeling under the impact of economic downturn. The latter half of 2009 witnessed appreciating residential values and now, local realtors are optimistic about future movements in 2010.

Residential scenario
Residential market witnessed significant appreciation till May 2008, but after the economic downturn began waning last year, market started recovering. According to Shailendra Mehta, a local realtor, “Market started recovering after June 2009 and residential values witnessed an upward revision between Rs 300 per sq ft and Rs 400 per sq ft. While values still haven’t reached the levels of April/May 2008, they are expected to cross them by March 2010″
Observing values in April 2008 and December 2009, Brix Research analysis reveals 11% drop, on an average, in apartment capital values in prime localities of Gurgaon, like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II). Drop in values may be due to after effects of economic downturn - they are now being pushed upwards by a strong demand for housing in these localities.
Builder floors too, witnessed similar trends. However, local realtors say that demand for builder-floor apartments is on a decline despite introduction of a number of projects by developers like Emaar MGF, Orchid, Vipul and Unitech, post opening of their registry in 2009. This may be due to fear of closure of registry before completion of these projects, although the facilities offered by high rise apartments like water supply, power backup, etc, make them more attractive housing option.
In rental segment, apartment values saw an average drop of around 6% between April 2008 and December 2009, in prime localities of Gurgaon like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II). According to Mehta, “A drop in rental values of luxury apartments was observed due to low demand. However, there is an increasing demand for economical apartments in sizes of 1,300-1,400 sq ft and their rentals will rise in the near future.”
Further, according to Mehta, infrastructure development like extension of Delhi Metro line has impacted residential values in localities situated near Metro stations - plot values have witnessed appreciation in these localities. This is evident from an average rise of 3% observed in plot values in prime Gurgaon localities like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II).
Commercial scenario
Gurgaon’s commercial market is still recovering from the impact of economic downturn. Post-May 2008, commercial market witnessed negative trends with a halt in transactions and falling values. According to Abhishek Sawhney, a local realtor, “Commercial market is yet to see any marked improvement. After economic downturn, companies have once again started expanding and Gurgaon is among the preferred destinations. However, while demand has increased marginally, availability has doubled with a number of vacant office spaces in localities like Golf Course Road, Sohna Road, Udyog Vihar. Hence, no significant appreciation is anticipated in office space values in the next 1-2 years.”
Local realtors are more optimistic about the future of retail market, especially in prime localities like MG Road, where availability is lower than demand and values are expected to witness significant appreciation upon completion of the Metro line.
“A fall of 40% in mall rental values was observed during economic downturn. Moreover, construction on a number of ongoing projects, like that of DLF’s Mall of India, were halted. The situation is improving slowly and queries are coming in from companies looking to expand. There has been a 10-20% increase in mall rental values post-June 2009,” says Sawhney. According to Mehta, “Local shopping complexes with low maintenance charges (Rs 3 to Rs 4 per sq ft) like Galleria in DLF Phase IV, have witnessed a greater demand than malls in neighbouring localities.”
Values in Gurgaon are appreciating under the influence of rising demand, especially in residential segment. “A number of projects have been launched by developers like Vatika and Emaar MGF, in both residential and commercial segments. Localities like Sector 66, 67, 68 and 45 are developing fast and will witness significant appreciation in the near future,” says Sawhney. While commercial segment is yet to witness significant appreciation after economic downturn, infrastructure development like the completion of Gurgaon Metro line bodes well for Gurgaon’s real estate market.

Courtesy:- Times Property dtd:- 06-02-2009

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While commercial segment is yet to witness significant appreciation after economic downturn, infrastructure developments like the completion of Gurgaon Metro line bodes well for Gurgaon’s real estate market. Brix Research tracks real estate values through the economic recession and recovery

Post-2008, Gurgaon’s real estate market witnessed some fluctuations. Some positive drivers of this change - completion of Gurgaon Expressway, proposal for extension of Delhi Metro rail services, as well as other developments envisaged in Gurgaon Master Plan 2021 - took real estate values to their peak in April 2008. Further, these factors ensured that values were fairly stable or fell marginally when the rest of National Capital Region was reeling under the impact of economic downturn. The latter half of 2009 witnessed appreciating residential values and now, local realtors are optimistic about future movements in 2010.

Residential scenario
Residential market witnessed significant appreciation till May 2008, but after the economic downturn began waning last year, market started recovering. According to Shailendra Mehta, a local realtor, “Market started recovering after June 2009 and residential values witnessed an upward revision between Rs 300 per sq ft and Rs 400 per sq ft. While values still haven’t reached the levels of April/May 2008, they are expected to cross them by March 2010″
Observing values in April 2008 and December 2009, Brix Research analysis reveals 11% drop, on an average, in apartment capital values in prime localities of Gurgaon, like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II). Drop in values may be due to after effects of economic downturn - they are now being pushed upwards by a strong demand for housing in these localities.
Builder floors too, witnessed similar trends. However, local realtors say that demand for builder-floor apartments is on a decline despite introduction of a number of projects by developers like Emaar MGF, Orchid, Vipul and Unitech, post opening of their registry in 2009. This may be due to fear of closure of registry before completion of these projects, although the facilities offered by high rise apartments like water supply, power backup, etc, make them more attractive housing option.
In rental segment, apartment values saw an average drop of around 6% between April 2008 and December 2009, in prime localities of Gurgaon like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II). According to Mehta, “A drop in rental values of luxury apartments was observed due to low demand. However, there is an increasing demand for economical apartments in sizes of 1,300-1,400 sq ft and their rentals will rise in the near future.”
Further, according to Mehta, infrastructure development like extension of Delhi Metro line has impacted residential values in localities situated near Metro stations - plot values have witnessed appreciation in these localities. This is evident from an average rise of 3% observed in plot values in prime Gurgaon localities like DLF (Phases I-V), Sushant Lok (I-III), South City (I and II).
Commercial scenario
Gurgaon’s commercial market is still recovering from the impact of economic downturn. Post-May 2008, commercial market witnessed negative trends with a halt in transactions and falling values. According to Abhishek Sawhney, a local realtor, “Commercial market is yet to see any marked improvement. After economic downturn, companies have once again started expanding and Gurgaon is among the preferred destinations. However, while demand has increased marginally, availability has doubled with a number of vacant office spaces in localities like Golf Course Road, Sohna Road, Udyog Vihar. Hence, no significant appreciation is anticipated in office space values in the next 1-2 years.”
Local realtors are more optimistic about the future of retail market, especially in prime localities like MG Road, where availability is lower than demand and values are expected to witness significant appreciation upon completion of the Metro line.
“A fall of 40% in mall rental values was observed during economic downturn. Moreover, construction on a number of ongoing projects, like that of DLF’s Mall of India, were halted. The situation is improving slowly and queries are coming in from companies looking to expand. There has been a 10-20% increase in mall rental values post-June 2009,” says Sawhney. According to Mehta, “Local shopping complexes with low maintenance charges (Rs 3 to Rs 4 per sq ft) like Galleria in DLF Phase IV, have witnessed a greater demand than malls in neighbouring localities.”
Values in Gurgaon are appreciating under the influence of rising demand, especially in residential segment. “A number of projects have been launched by developers like Vatika and Emaar MGF, in both residential and commercial segments. Localities like Sector 66, 67, 68 and 45 are developing fast and will witness significant appreciation in the near future,” says Sawhney. While commercial segment is yet to witness significant appreciation after economic downturn, infrastructure development like the completion of Gurgaon Metro line bodes well for Gurgaon’s real estate market.

Courtesy:- Times Property dtd:- 06-02-2009

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Neharpar, now part of Faridabad’s new Master Plan, is set to gain a foothold in big-league realty market once current development projects are completed in next 3-4 years, says
Brix Research

The Neharpar region in Faridabad was incorporated into the Master Plan of Faridabad about 5 years ago, in 2004-05, under the city’s new Master Plan. With an area of approximately 3,000 acres, it covers Sectors 70 to 91. Still in its early stages of development, the area has a mix of both residential and commercial property. With multistorey apartments, plots, villas and townships, a large number of options are available in the residential category. The Municipal Corporation of Faridabad has notified Sector 79 as the commercial district in the area with individual shops and SCFs (shop-cum-flats) developed in the commercial category.
Neharpar boasts of some big developers like BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions, RPS, etc, who have launched projects in the area. BPTP is a major developer with almost 60% of the projects in the area being under its belt. The residential plots are available in the range of Rs 10,000 and Rs 15,000 per sq yard and flats are available within a price range of approximately Rs 1,800 to Rs 2,000 per sq ft. But prices are expected to rise as development progresses. Currently, it is in early stages of infrastructure development, and connectivity with other areas of the city is also not up to the mark. Once these facilities are in place, Neharpar will be on a par with other major realty hotspots.
Private developers are equipping their projects with basic utility services. BPTP, for example, has received sanction for a 30MW power station for Sectors 75-76, but still, current facilities call for a major overhaul. In order to improve the area’s connectivity, roads in and around the area need to be improved.
Government has moved in this direction by imposing Section 17(4) of Land Acquisition Act for mandatory acquisition of land which comes under the sector roads. This will ensure the development of the sector roads in the area leading to a positive impact on its valuation.
Opening of the Badarpur flyover and the Metro link will also help in attracting buyers and contribute towards developing a more positive image of the area. Moreover, HUDA is also planning to widen existing bypass at Sector 37. Such infrastructural improvements and development will add to the USP of the place.
Currently, 90% of buyers are investors lookin for long-term gains. As the property is in different stages of construction, individual buyers are not yet keen on purchasing. According to Vipin Sood, a city based realtor, “The area will be able to fully realize its potential only after 3 to 5 years and will then be able to gain foothold in the market.”

Courtesy:- Times Property dtd:- 06-02-2009

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Type- Multistory Apartments

Sector 110A - Gurgaon,

Price – Rs. 2616250 *

Description - Mahindra Aura, 3 Bedroom multistory apartments for sale @ Rs. 2616250 in Sector 110A - Gurgaon, 17 minutes from Delhi International Airport, A short drive from MG Road, the high-street of Gurgaon, Adjacent to a thriving neighbourhood with world class schools, universities, hospitals and malls in the vicinity, Very close to upcoming Dwarka-Gurgaon Expressway connecting West Delhi to Gurgaon. Close proximity to proposed metro.

16.84 acres of Contiguous land 500 meters from existing developed sector
Plot adjoining existing roads on 2 sides
730 feet front abutting main road
The site designated for residential use (as per the Gurgaon 2021 master plan).
The site is a contiguous, leveled land parcel with large number of trees.

KITCHEN Floor – Anti Skid Ceramic Tiles

Wall – Ceramic Tiles up to 2’-0” above counter + OBD Painting

Ceiling – D/D

Counter – Polished Granite top

Fitting/Fixtures – CP Fitting Single Bowl stainless steel sink.

MASTER TOILET Floor – Ceramic Anti Skid Tiles

Wall – Ceramic Tiles up to 7’-0”

Ceiling – Grid Ceiling

Fittings/Fixtures – CP Fittings

BALCONIES Floor – Textured Ceramic Tiles

M. S. Railing

ENTRANCE LOBBY AT G.F. Floor – Udaipur Green Stone

Wall – OBD

Ceiling – D/D

TYPICAL LIFT LOBBY Floor – Marbel / Vetrified

STAIRCASES Kota Stone

Wall – D/D

M.S. Railing

ELECTRICAL Modular Switches

Telephone Point in Living /Master Bedroom

T.V. Points in Leaving/Master Bedroom

You can get more information about this 3 bedroom Multistory Apartments, real estate information, real estate investment options, real estate agents information and information about 2 bedrooms flats for sale, 3 bedrooms flats for sale, 4 bedrooms flats for sale in gurgaon and delhi /NCR and also we provides real estate services like property for sale, project for sale, property investment, buy houses, sale houses, homes buyers, homes sellers and many more

On my web sites like http://www.zameen-zaidad.com/mahindra-aura-gurgaon.aspx and

http://www.propertycafeteria.com/main.aspx

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Type- Multistory Apartments

Sec-83, Gurgaon,

Price – Rs. 3645000 *

Description - Mapsko Paradise, 3 Bedroom multistory apartments for sale @ Rs. 3645000 in Sec-83, Gurgaon, 20 minutes drive from IGI airport & 10 minutes drive from IFFCO chowk, Close to Malls, SEZs, IT Parks, Hotels and other Colonies etc, 1 km distance from upcoming ISBT & Metro Depot + 5 metro stations within 3kms radius

Premium living with affordable pricing.

Access from NH-8 Expressway & Dwarka Expressway.

Earthquake resistant building with eco-friendly designs.

Open green spaces providing pollution free enviornment

A km distance from upcoming ISBT & Metro Depot + 5 metro stations within 3kms radius.

24/7 electronic and manned security with cctv facility.

24/7 treated water supply.

100% power back up & high speed capacity lifts.

Rain water harvesting system.

Close to Malls, SEZs, IT Parks, Hotels and other Colonies etc.

Facilities of schools, colleges & Hospital are available.

20 minutes drive from IGI airport & 10 minutes drive from IFFCO chowk.

Twin Sector Road facility for more access.

Club with multipurpose gymnasium with good facilities.

Convenience shopping & solar street lighting.

You can get more information about this 3 bedroom Multistory Apartments, real estate information, real estate investment options, real estate agents information and information about 2 bedrooms flats for sale, 3 bedrooms flats for sale, 4 bedrooms flats for sale in gurgaon and delhi /NCR and also we provides real estate services like property for sale, project for sale, property investment, buy houses, sale houses, homes buyers, homes sellers and many more

On my web sites like http://www.zameen-zaidad.com/mapsko-paradise-gurgaon.aspx and

http://www.propertycafeteria.com/main.aspx

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While planning for your retirement years, make sure you invest in some property

Arjun is a 40-yearold engineer working with a private firm. He couldn’t save much over the past few years. Arjun is worried about his post-retirement years. Retirement planning is about preparing for a financiallycomfortable and independent life after 60. Will he be able to arrange for a regular stream of income to meet financial needs in the sunset years? Arjun is wondering if he should invest in property as a part of his retirement plan?

RETIREMENT PLANNING

In simple terms, it is setting aside money to be spent after retirement. A good retirement plan ensures that your monthly inflows will continue and you enjoy a comfortable lifestyle, even when you are no longer working.

NEED FOR PLANNING

Not long ago, the concept of retirement planning was unheard of, as the son took care of his aging parents. But with the culture of joint families disappearing, it is not wise for people nearing retirement to ignore their future economic needs. People should save as much as possible for your retirement years. However, factor in inflation when planning for retirement.

THE INVESTMENT OPTIONS

Investing in market-linked plans could provide you higher returns. Start saving early for financiallycomfortable retirement years. Systematically invest a fixed amount every month. You can benefit from the power of compounding. The most common options are pension products from insurance companies, mutual funds, post office investments and PPF.

REAL ESTATE

Investment in a house not only appreciates with time, but also allows you to enjoy income tax benefits on repayment of the home loan. Retirement planning spans over a long term. With inflation looming large, it is essential that the investments yield decent returns that beat inflation.

Courtesy:- ET Realty dt:- 22-Jan-2010

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While planning for your retirement years, make sure you invest in some property

Arjun is a 40-yearold engineer working with a private firm. He couldn’t save much over the past few years. Arjun is worried about his post-retirement years. Retirement planning is about preparing for a financiallycomfortable and independent life after 60. Will he be able to arrange for a regular stream of income to meet financial needs in the sunset years? Arjun is wondering if he should invest in property as a part of his retirement plan?

RETIREMENT PLANNING

In simple terms, it is setting aside money to be spent after retirement. A good retirement plan ensures that your monthly inflows will continue and you enjoy a comfortable lifestyle, even when you are no longer working.

NEED FOR PLANNING

Not long ago, the concept of retirement planning was unheard of, as the son took care of his aging parents. But with the culture of joint families disappearing, it is not wise for people nearing retirement to ignore their future economic needs. People should save as much as possible for your retirement years. However, factor in inflation when planning for retirement.

THE INVESTMENT OPTIONS

Investing in market-linked plans could provide you higher returns. Start saving early for financiallycomfortable retirement years. Systematically invest a fixed amount every month. You can benefit from the power of compounding. The most common options are pension products from insurance companies, mutual funds, post office investments and PPF.

REAL ESTATE

Investment in a house not only appreciates with time, but also allows you to enjoy income tax benefits on repayment of the home loan. Retirement planning spans over a long term. With inflation looming large, it is essential that the investments yield decent returns that beat inflation.

Courtesy:- ET Realty dt:- 22-Jan-2010

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Supertech Limited has announced the launch of a residential development project `Sports City’ in Meerut. It’s located at the main National Highway (Roorkee Road) near Pallavpuram and combines sports facilities with comfort and luxe living.

Spread over 51.06 acres of land, this residential project is strategically located in terms of convenience and comfort of the inhabitants. Worth around Rs 600 crore, it’s scheduled to be completed within a period of 30 months from the date of commencement of construction work.

Commenting on the announcement Mohit Arora, director, Supertech Limited said, “Sports City will be an important landmark in Meerut and it will set a different experience of living for its residents. Our latest offering is a unique proposition providing contemporary luxury living and world class infrastructure.”

The integrated township will consist of apartments of various sizes, villas, commercial complex, post office, health centre, community centre, police post, an international cricket stadium, volleyball, basketball, badminton, lawn tennis courts and also other facilities like baseball, carrom, chess, table tennis etc.

Courtesy:- HT Estates dt:- 16-jan-2010

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Established brand names that show potential for fast completion will rule the roost this year

The effects of the slowdown were still noticeable across the country in the first quarter of 2009. However, towards the middle of the year, residential rates in some of the larger cities began showing an upward curve. The cities that were most affected were Mumbai and Delhi. In Mumbai, many developers began raising rates by as much as 12-15 per cent under the assumption that the renewed demand was assuredly sustainable under all circumstances. This assumption started backfiring towards the end of the third quarter, which is when demand began slowing down again in the financial capital. Delhi showed a more rational graph, thanks largely to a better volumes profile, with price escalations not going beyond 5-10 per cent even in high-demand regions. Bangalore continued to display a sombre profile, since demand from the IT / ITES employee segment has not yet ramped up sufficiently. Chennai’s residential market continued to showcase its usual conservatism.

Looking at 2010, I can safely say that residential demand is the highest and most promising by far. Residential will continue to lead the revival phase, led on by a lowering of mortgage rates and price rationalization in newly launched projects. It also looks the most positive in terms of funding. There is liquidity available for certain typologies and formats, most especially in the affordable housing segment. This segment does not depend overly on international funding. There are two cost-to-developer components in question for such projects. One of these is cost of land, but such projects are located in areas where land costs are low to begin with. The second is cost of construction, which is adequately covered by the down-payments taken on such units. Moreover, such housing formats invariably employ de-frilled mass-construction parameters, which also imply lowered construction costs. I see an increase in private equity funding for affordable housing projects in 2010, since the demand for such projects is inflexible and assured. The emphasis will be on projects by established brand names that show sufficient potential for fast completion and absorption.

Office space

For the better part of 2009, the commercial segment uptake remained at about the same level as it was last year, when the slowdown was beginning to show its claws in earnest. It is an immutable fact that Indian office space depends to a significant extent on multinationals seeking to establish or expand their bases here. The health of Indian commercial real estate is closely connected to the global economy, meaning that Grade A office spaces have largely been about MNC occupiers and the IT/ITES industry. When the financial crunch deepened in the West, many intending international occupiers put their Indian entry/expansion plans on hold. We are beginning to see the first signs of revival in commercial real estate now, but the process is pretty gradual. For investors, this is the best time to invest in wellresearched commercial real estate opportunities. There is, in fact, an increase in investors looking for such opportunities, since the prices are now near the bottom. Long term investment, which is the kind that truly works, will ensure that investors can reap the benefits when the office market shapes up for real in 2-3 years.

Retail space

Indian retail had gone through a decisive learning phase in 2009. Like the commercial segment, Indian retail growth depends significantly on the aspirations and spending power of cash-rich IT professionals. When the downturn hit the IT sector, there was a noticeable setback in Indian retail real estate. There had been corrections in rentals and consolidation both at the retailer and market levels. Many unsustainable market models were edged off the map. While 2009 was the year that separated the boys from the men, 2010 will be the year of the survivors to make a serious bid at the recovery process. Many players will consolidate their operations and rationalise their business models to dovetail with the newly emerged consumer dynamics. Value retail will be the winning ticket, and we will see the stronger value retail players make calculated plays in key Tier II cities. High end retail will show a stronger hand in 2010, as well. There will be also a wider acceptance of big brands as returning economic stability infuses buyer confidence into the market. The revenue sharing / minimum guarantee model will gain wider acceptance and become the norm rather than the exception, bringing this model’s prevalence in India closer to international trends.

The author is chairman and country head, Jones Lang LaSalle Meghraj

Courtesy:- HT Estates dt:- 16-jan-2010