Realty Players Coming Up With Key Suggestions for Dwarka Expressway
Sep26

Realty Players Coming Up With Key Suggestions for Dwarka Expressway

Dwarka Expressway, also known Northern Peripheral Road (NPR), is a project undertaken by the Haryana Urban Development Authority (HUDA), to ease traffic congestion on the operational Delhi-Gurgaon Expressway. The NPR is an 18km stretch, and so far, 15km has been completed. The construction is in full swing, and this Expressway is expected to be completed by early 2015. With the progress of Dwarka Expressway, this region is constantly experiencing a boost in commercial and residential development. With a rapid increase in multi-national companies and top Indian conglomerates operating from Gurgaon, and the shortage of affordable housing in Delhi and Gurgaon, the Dwarka Expressway has emerged as a potential alternative for end users and investors. Its proximity to Gurgaon has further raised a huge demand for quality residences in the region of Dwarka Expressway. Today, over 33,000 residential spaces, with sales value worth INR 8,000 crore, are under construction in different sectors, along the NPR. Although the construction of roads and other civic amenities on Dwarka Expressway is the responsibility of Haryana government, however, real estate developers under the leadership of Credai-NCR have shook hands with the state government to accelerate the construction of this important infrastructural project. Properties near expressways have seen a tremendous response, over the last several years, and Dwarka Expressway is no different. Major Real Estate players are developing both residential and commercial projects here. Some of the prominent names include Emaar MGF, Antriksh Godrej Properties, CHD Developers, Assotech Ltd., ATS, Ansal Housing, Sobha Developers, Raheja Developers and Chintels Group. It is not surprising to see that prices in Dwarka-Gurgaon Expressway region have almost tripled, from INR 2,250 per sq ft to INR 6,250 per sq ft in the recent months. So, Why the Hullabaloo? Dwarka-Gurgaon Expressway is an 18km-long freeway that will grant a faster access to the IGI Airport in Delhi and effortless accessibility to NH-8. Furthermore, the NPR will have a new diplomatic enclave, right at the juncture of the current Delhi- Dwarka Metro corridor. Furthermore, this expressway will soon offer good local connectivity, when an eight-lane emerging from Dwarka and connecting Palam Vihar will make commuting easier and faster. This new link will reduce the traffic congestion on NH-8, Old Delhi road and MG road in Gurgaon. With improved connectivity Gurgaon is witnessing a slew of realty development, especially in the region of Dwarka Expressway. Rea Estate Scenario Here As per the Industry Experts, the residential projects in sectors 103-106 and 109-113 of Dwarka Expressway will witness an appreciation of property process by 108% over the next five years. Since 2007, 18,649 housing units have been launched along the NPR. The residential...

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Indoor Kitchen Design Tips
Sep23

Indoor Kitchen Design Tips

The latest trend in kitchen interior demonstrates compact space, uber cool style, and unmatched versatility. Whether you have a small kitchen space or a lavish one, it is important to know how to pep up the style and yet make it more functional. Here are few indoor kitchen design tips that will accentuate aesthetic appeal and personality of your home. Make your super-space more colorful, more efficient, and chic. And trust us; you can’t stop loving to cook this time! Color Your Kitchen The typical all-white kitchen is no more a trend today. Subtle hues are returning, particularly in cookware, appliances, and benchtop materials. For kitchen with nude or off-white colored walls, experiment with a palette of taupey grey, pale olive or nutmeg brown for benchtops. Leading kitchen appliance brands also take color one step further by incorporating vivid colors such as pistachio green or peacock blue. The kitchen can also sport a colorful toaster or kettle on the countertop for an exemplary splash of color. Pastel colors with plenty of white can reflect the kitchen well and even make it look larger. Add style to the kitchen by adding bold colored cabinets, countertops and more. Don’t Underestimate Bench Space The latest trend in indoor kitchen design is having a decent preparation area with a large space for serving up. Whether it’s an open kitchen-cum-dining space or a large kitchen, never underestimate the bench space. Island benchtop can replace the dining table and is noticeably thicker and wider that can accommodate the entire family. Stylish benchtop built of engineered stone, glass, concrete and porcelain cladding adds a unique spark to the kitchen while being remarkably durable. It is also important to consider style and ergonomics when it comes to choosing the bench height. Make sure it perfectly blends with interior décor of the kitchen. A “Center” for Kitchen Appliances You don’t want your kitchen to look like a department store, right? De-clutter the space by adding a floor-to-ceiling door that conceal kitchen appliances in an open plan layout. Otherwise, you can consider buying a waist-height cupboard where you can keep all necessary appliances, without filling up the kitchen space unnecessarily. If you already have one, repaint or replace it to give the kitchen a fresh look and vibrancy. Having all necessary kitchen appliances organized in one place also increases functionality of the space. Storage This is one of the key considerations while designing your kitchen, especially where space is a constraint. For smaller kitchens, you can choose deep closets attached to the walls that are not ideal for storing a number of items, but also keep them away from...

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Diwali Dhamaka Season for Investment in Gurgaon Realty
Sep20

Diwali Dhamaka Season for Investment in Gurgaon Realty

With Diwali just round the corner, the celebratory mood can also be seen in Gurgaon real estate market. Both property investors and developers are hoping to make the most of a festival-time realty boom. Traditionally, it is considered an auspicious time to purchase property as it symbolizes prosperity. In anticipation of the buyer’s interests, developers have launched various projects to cash-in on the sales opportunities. When it comes to property investment in Delhi NCR, Gurgaon continues to be a favorite hotspot for some time now. According to the industry statistics, the commercial and industrial sectors and infrastructure development here are showing a fantastic increase in the capital value percentage over a period of four years. For example, IMT Manesar locality has shown a 142% increase and Palam Vihar shows 133% growth during this time. Investment in Gurgaon keeping up with the real estate boom, it’s no wonder that both investors and developers are looking forward to a profitable Diwali transaction. The benefits of Diwali Sale in the Real Estate Market in Gurgaon Increasing demands of Gurgaon properties signify a projected rise in Diwali sales. This involves benefit for both the realtors and buyers, alike. Numerous upcoming projects mean that much variety of choices for the property investors. One can choose based upon a particular lifestyle, family requirements, and budgetary considerations. Myriad options are available in low, medium, and luxury property segments. This makes it a veritable treasure trove for those looking to invest in their dream realty this Diwali. What is the reason behind a spurt in new launches recently? Improved connectivity, road reconstruction, and infrastructural development seem to be some of the major reasons. Phenomenal development is mostly concentrated in IMR, Manesar area with high availability of ready-to-move projects. Some of the major benefits Investment in Gurgaon’s real estate market during Diwali are as follows,    Housing being a fundamental need, sealing the deal during Diwali makes it extra auspicious.    Special discounts signify big savings and a chance to own a dream property within budget.     At a wide choice available to the buyers in all kinds of real estate, segments not present otherwise.    Even banks tend to give their best home loan offers during Diwali so that one can bag lower interest rates and better deals. Won’t it be fantastic if you can have your very own home and some of the most in demand localities in Gurgaon this Diwali? A real estate investment in Palam Vihar, IMT Manesar, Sectors 69-92, Sector 106, and South Peripheral Road is surely going to be for keeps. So go for it, grab the chance as it can be...

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Real Estate Roundup of Delhi & NCR
Sep11

Real Estate Roundup of Delhi & NCR

The capital of India, Delhi, and the National Capital Region, which includes Gurgaon, Noida, Greater Noida, Ghaziabad, Faridabad, and now extending towards Bahadurgarh into West, Bhiwadi/ Sohna in South and Sonepat in North, is an enviable realty destination for residential and commercial spaces. Well-developed infrastructure and improved connectivity via Delhi Metro, National Highway 8 and expressways, fantastic business opportunities, growth of IT/ITES sector, lucrative employment opportunities, and other amenities make Delhi and NCR a viable property investment option. Of late, home loans have become more easily available; there have been lesser restrictions on Foreign Direct Investment (FDI) in the Real Estate market. All these factors have further contributed to an exemplary growth of the real estate market in Delhi and NCR. Delhi and NCR – A Lucrative Real Estate Destination   During the period 2011-2014, Delhi-NCR has witnessed a 22% appreciation in capital values in mid-segment, while it is 24% in high-end property market. Furthermore, State Bank of India, one of the largest banks in India, has significantly reduced the interest rates on home loans with effect from 20th December 2013. Opening up of the realty sector to FDI in 2005 has further increased capital inflow in the market, boosting commendable growth in recent years. Despite of property price hikes in Delhi and NCR, demand continues to grow, owing to the increasing population influx, infrastructure development, business and employment opportunities, and modern facilities like health, education, transportation, and other amenities. Recent Property Market Trends in Delhi & NCR Let’s have a glimpse of latest realty trend in Delhi and NCR Delhi The capital city of India has captured overwhelming attention of real estate investors and developers in recent years; thanks to the phenomenal growth of the real estate sector in Delhi. Rapid infrastructure growth, modern facilities, better connectivity, easy availability of home loans, lower interest rates, and Foreign Direct Investment in property market are the major driving forces behind outstanding development of realty sector in Delhi. The city has always been one of the most robust and influential real estate markets in India. Total number of new residential projects launched during the first half of 2014 stands at 20,700. The secondary market has several residential properties that are at the completion stage, available at comparatively lower rate than new property launches in main sector. The residential market has been more cyclical in nature as compared to the commercial realty market. Phenomenal development in infrastructure over the years is one of the major reasons behind the exponential growth of realty sector. In addition to the Delhi Metro, National Highway 8, and a multitude of expressways, the Delhi government is considering...

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Affordable Housing Projects for Gurgaon
Sep03

Affordable Housing Projects for Gurgaon

Industrialization in Haryana is growing at a rapid pace, much higher than the national average. Likewise, its Gurgaon district is fast emerging as an IT hub with Information Technology and IT enabled Services (ITES) companies flourishing swiftly. The Millennium City has witnessed a magnificent growth with rapid infrastructure development and industrialization. There are more than 500 large and medium scale units with an investment of over Rs 13,000 crore, and small scale units with investment of over Rs 4,867 crore. The new IT policy framed by the Haryana Government has also given further fillip to industrialization, providing more employment opportunities. Rapid technological change, low interest rates, and labor reforms are likely to increase productivity of industries in Gurgaon. Rapid infrastructure development is another reason why Gurgaon leaves a strong footprint on India’s total economic growth. All these factors have contributed to the exemplary growth in population in Gurgaon. Currently, the IT City is home to 1.8 million people, which is a whopping figure as compared to 1.7 million in 2013. Infrastructure development, industrialization, commercial development, and lucrative employment opportunities in Gurgaon are some crucial factors that attract population from around the country, leading to significant growth of the real estate industry. Gurgaon is primarily a luxury real estate market, offering properties at high-rocketing prices. Currently, an apartment in the Cyber City costs nothing less than Rs 75 lakhs, thus, dashing the dreams of many middle class families of owning a home. There are several factors contributing to substantial property prices in Gurgaon as mentioned herewith: IT sector development and rapid growth of large, medium and small scale units have created plenty of lucrative job opportunities in Gurgaon, catering to all trades High-scale infrastructure and commercial development, offering a decent standard of living Better transportation connectivity via Delhi Metro to Gurgaon and Noida, Delhi and NCR via Gurgaon, Qutub Minar-Gurgaon Metro Corridor, and the much-awaited Dwarka Expressway The city features outstanding commercial development, presenting posh hotels, restaurants, shopping malls, and more All these factors, not only attracts a huge population influx, but also contributes to an overwhelming growth in demand for properties in Gurgaon. No wonder, homes, commercial and industrial plots, and lands are exorbitantly priced in the city, among the highest in India. According to a latest report, property prices in Gurgaon have increased by an average of 4.5% across all projects over a 3-month period. HUDA Affordable Housing Policy Set to Make Homes Cheaper in Gurgaon It may sound outlandish, but Gurgaon, renowned globally for its luxury homes at sky-high prices, is now also concentrating on affordable housing projects in Gurgaon. Getting a cheaper-priced home in Gurgaon is...

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