Property Prices and Trends in Gurgaon
Feb18

Property Prices and Trends in Gurgaon

Gurgaon has been a serious competitor in the Real Estate market for some time now. With the booming infrastructure the “Millennium City” has a slew of high-end and mid-level projects, which has given a stiff competition to affordable housing area of NOIDA. Gurgaon saw an escalation in the demand for residential properties in 2014, yet the property prices in Guragon remained at lukewarm levels, with a 4.5% increase in the property cost over the duration of 3 months. Interestingly, when different project launches were fizzled in Delhi-NCR region, did Gurgaon witness a small hike in the prices. How was the year 2014 for Gurgaon’s Realty Sector? The purchasing percentage in Gurgaon may have slowed down, but it is still one of the highly favored destinations in the country. It has the lowest unsold residential and commercial inventories. Despite a lower demand in the residential segment, the property prices are witnessing an upward trend here. In 2014, Guragon witnessed fewer launches, as prominent developers like DLF and Unitech continued their hard efforts in clearing their unsold inventory. The lower number of project launches indicated that the housing demand was not adequately met, which led to an escalation in property prices. Since Gurgaon only started as a serious rival in real estate markets two decades ago, it has done well for itself, with multinational companies erecting their offices here. The infrastructure of the “Millennium City” has drastically improved, paving way for advanced and eco-friendly residential and commercial projects to be built. This city has witnessed the development in the truest sense, with grand villas as well as affordable apartments being built under different Construction companies. Today, the builders in Gurgaon have sensed the strong need for housing and are launching affordable apartments for the blue-collared workers. They have taken thoughtful measures to keep the property prices nominal for rapid growth and urbanization of this city. Nonetheless, a few developers saw Gurgaon as a gold mine and began constructing projects hoping to cash in on the money over night but have sadly failed. With a hike in the property prices in Guragon, buyers and investors began to shift their focus in affordable areas of Delhi-NCR, such as NOIDA and Ghaziabad. If Gurgaon must thrive, the builders must understand the importance of offering “affordable” housing. Infrastructural Development However it can be seen that many developers have kept a cool head and are still developing houses for an affordable price tag. For instance, DLF is one of the major real estate developers in India that has set out to construct a township in Guragon that offers apartments and gated community independent houses at highly...

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Gurgaon: A Rising Star in Delhi-NCR Real Estate
Feb02

Gurgaon: A Rising Star in Delhi-NCR Real Estate

According to the industry experts, Delhi-NCR real estate, with its business opportunities and economic development has remained the top choice among real estate investors for some time now. Spread across approximately 34144 km². It includes National Capital Territory (NCT) Delhi with selected areas of neighboring Rajasthan, Haryana, and Uttar Pradesh. Key micro-markets among these are NOIDA towards the east and Gurgaon towards the south. Location proximity to Delhi, enhanced connectivity, talent pool, and land availability has inspired both international and local businesses to establish their offices in this region, thus initiating real estate development in return. Gurgaon Realty a Front-Runner Information and Credit Rating Agency of India (ICRA) researches indicate that New Gurgaon and Golf Course Ext. Road remain highly active when it comes to micro-markets in the Delhi-NCR real estate. In the recent times, Gurgaon market has witnessed maximum number of launches. Total development area here was 66.1 1 million sq ft as per March 2014 results. Of this, 40.7% land area is from New Gurgaon and 31.6% from Golf Course Ext. Road. DLF Societies: Over the years, the city has witnessed a consistent rise in the number of DLF Societies. This Includes DLF City, Phase II, Phase III, and Phase V. According to the recent statistics, DLF City and Phase II witnessed 108% and 105% capital value rise respectively in 2014 Q4 compared to 2010 Q4. Availability of various recreational options and better infrastructure may be spurring on growth here when compared to the other parts of Millennium City. Golf Course Ext. Road: This is no doubt is the jugular vein here! The DLF redevelopment scheme is all set to make this road among the best in India. Plans are there to link it to Cyber City via 16-lane corridor. It is home to approximately 40 or 50 housing projects. So it’s no wonder that it has shown a 103% increase from 2010 two 2014 quarter to quarter. Besides the new developments, old locations in the Delhi-NCR real estate region has also shown substantial real estate growth with Metro connectivity and improved road infrastructure with a slew of residential projects both ready and in the offing. The main real estate development is concentrated in such localities as Palam Vihar, IMT Maneswar, Sector 106, South Peripheral Road, with Sectors 69-92. A.   Palam Vihar: This region has witnessed a 133% increase in 2014 Q4 to 2010 Q4. Being Old Gurgaon locality, it boasts of lower base rates at, Rs. 3000/square feet in the beginning with an increase in capital appreciation values parallel to the overall growth here. Great connectivity with Jaipur and Delhi, with improved infrastructure, and Metro availability...

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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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Emergence of Faridabad City, Haryana
May03

Emergence of Faridabad City, Haryana

The rapid pace of real estate development in the country is not only limited to metro cities such as Mumbai, Delhi & Bangalore but has extended itself to neighbouring town & cities as well. The high demand, low supply and escalating price of properties within the metro cities often pushes the city to grow outwards towards neighbouring districts. The demand of relatively cheaper options encourages developers as well investors to plan apartments and residences that are located outside the periphery of the city, yet close to the city and easily accessible by public transport. Navi Mumbai is slowly growing into a prime real estate destination for investors as well as end users. For Delhi Gurgaon, Faridabad & Noida have largely catered to the excess demand generated from the metro city. Over the last two decades regions such as Faridabad, Noida and Gurgaon have emerged to be top notch destinations for many new real estate projects. Though Gurgaon & Noida have managed to steal the limelight and have been the preferred destination, Faridabad has continued to maintain a steady pace of its own over the years and has continued to be preference for mid segment housing end users. Faridabad is the largest and one of the oldest planned districts in the state of Haryana.  Since the 70’s it continued to grow as a popular industrial town and is home to some of the largest industrial group like Escorts, Yamaha, Good Year, Havells, ABB and many more. The biggest reason behind Faridabad’s growing popularity was that it’s located at close proximity to the capital city of Delhi. The National Highway II, also known as the Sher Shah Suri Marg, popularly known as the Mathura Road passes through the centre of this district. The city is well connected by Delhi-Mumbai double track broad-gauge line of the North Central Railway. Two major railway stations of Old Faridabad and New Industrial Township are located well within the city. Over the years the district has further improved its connectivity with neighbouring districts like Gurgaon and Noida and most locations in NCR can be accessed within 60 minutes of travel time as on date. Faridabad continued to grow as an industrial township till the late 80’s, and was far ahead in terms of development and popularity among end users looking for viable options outside Delhi with regards to its counterparts Noida & Gurgaon. It was in the early 90’s that Noida had started gaining attention because of incentives given to industrialist and setting up of export promotion zones within Noida. Towards the late 90’s and early part of 00’s, Gurgaon stole the limelight and emerged as...

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