Delhi Metro Sets Benchmarks For Commercial Properties, Diversifies Into Real Estate

Delhi metro has changed the way the city moves. But that is history! The latest feather in Delhi Metro Rail Corporation (DMRC)'s cap is its real estate portfolio and creation of some world class commercial properties in Delhi.

Budget Disappointing For Housing Credai

The IT PARK at Shastri Park is one such example, which has done wonders for properties around. This unique building which is NBC (National Building Code) 2005 compliant is one of best intelligent buildings in the Asia Pacific region with a refined building management system in place. Built over a land area of 6-hectares of which 1-hectare is the constructed area, IT Park' Block 1 is being taken up by Genpact (80%) with a few other tenants such as Central bank and Heritage Solutions, Nokia.

According to a DMRC spokesperson, they had to fight several barriers including the location of IT Park at what was then a down market, 'close to Seelampur' area. It was a tough job 'literally' too, as the land at Shastri Park was uneven and 7-meter below level. To level this area, DMRC had to perform an earth-filling exercise. However the conviction which DMRC had all along was that if an IT park could be provided for within Delhi and that too on the metro corridor, there would be enough takers. Still, the project has

Visit here also for related property TDI Kingsbury-Sonipat and Ansal API Sunshine County

And the result was beyond all expectations- today there are over 3,000 employees commuting everyday to the IT Park in Shastri Park, from various parts of Delhi NCR. There is a surge in property demand from corporates as well and after the absorption of space in one block by Genpact, the second one will be ready by December 2007 and will be taken up by Accenture. Plans for Block 3 are in the pipeline and tendering is taking place.

The rental values in this part of Delhi here have escalated from Rs 40 per sq. ft per month to Rs 60 per sq ft per month and additional Rs 6-per sq. ft per month is further added over the rental value for maintenance. The coming up of IT Park has positively impacted the Shastri Park area, and has changed the profile of real estate markets- now malls are coming up in vicinity such as Welcome and Shahdara station. Another positive sign for Delhi properties!

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Aesthetically Designed Gaur City in Noida Extension

Current real estate scenario in Noida Extension has been fully changed because of massive migration of people towards this city and infrastructural development. People living in the capital city of India and coming in this part of country mostly prefer Noida Extension for their residential need. This city has more benefits than other parts of NCR in terms of peace, pollution and natural amenities. Real Estate Noida Extension has gained tremendous boom in last few years. This city has very good geographical location also which helps this location to get more attraction. Noida Extension is surrounded by two of the expressway, FNG Expressway and Noida Greater Noida Link Road. Both of these provide good class of connectivity to this location. Having so many advantages, this city has got good class of attraction of realty developers and many of world class reputed developers are working on their projects in this city. A survey shows that more than 4 lacs of projects are running in Noida (New Okhla Industrial Development Area) and 40% of it is developed in only Noida Extension. This survey is showing that how fast real estate market of Noida Extension is growing and how much this important is this location for realty development.

Not only the number of realty developers is increasing in this city but also demand of Residential Property in Noida Extension is increasing. This location was in the eyes of realty developers from before and after the proposal of Metro Connectivity in this city, Noida Extension became high demanding place on NCR. Among this massive development of the city, one most reputed name in Indian real estate market, Gaursons India is also available with its residential project. Gaur City 7th Avenue is the name of newly launched newly innovated residential project in Noida Extension. This project has been strategically planned on the most beautiful and convenient location which has cricket ground and swimming pool at front.

This marvelous residential project is a part of Gaur City 1. Gaur City 7th Avenue is offering highly designed 2 BHK, 3 BHK and 4 BHK apartments. These have been designed by world’s most reputed architecture and they have given it world class view and design. Each part of the project as well as apartments has been purely designed according to the rules of vaastu and these apartments have been facilitated with world class daily life amenities and facilities.

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The real estate market at Kundli in Haryana's Sonipat district holds great potential

The real estate market at Kundli in Haryana's Sonipat district holds great potential, thanks to several ongoing and proposed development projects in the region. These include the Kundli-Manesar-Palwal (KMP) Expressway, the Rs 5,000-crore Rajiv Gandhi Education City at Sonipat, the 100-metre-wide road from the IGI Airport to Narela, improved rail connectivity (Kundli is to have a metro stop as part of a rapid rail transport system), a proposed logistic park, and a textile park.

The premier developer in the Kundli region is the TDI Group. with the 1,250-acre land bank. Others include Parsvnath Developers, Maxheights Dreams Homes, Ansal Properties, Omaxe, Parker Group, Raheja Malls, Eldeco County, Anant Raj, Tulip Infrastructure, Collage Group, Eros Group, AJS Builders, Divine Group, Big Jos, Shree Vardhman and Jindal Greens.

Investment potential

The Kundli-Sonipat belt offers moderate-to-good returns on investment in absolute terms. However, the return on investment (RoI) on real estate is lower than elsewhere in the national capital region (NCR) such as Noida and Gurgaon. The average plot price is a little more than Rs 25,000 a sq yard - a huge jump from Rs 5,000 a sq yard, which the region commanded a few years ago when the projects were first launched.

There has been 30-40 per cent appreciation in apartment rates since 2007-08, implying the annual property appreciation rate has been in the range of 6-10 per cent on an average. During the same period, property rates in Noida and Gurgaon have more than doubled. The current rates for commercial property are upwards of Rs 8,000 a sq ft and are likely to maintain growth, albeit at a slow pace.

The flip side

Despite the initial euphoria, many of the infrastructure projects of the Kundli-Sonipat region have witnessed extremely slow progress. Due to the delay in the KMP Expressway, the property market in the region has not taken off with the initially anticipated speed. The region lacks critical mass in terms of population, and is yet to emerge as a preferred office destination for IT/ITeS organisations. The occupancy level in the existing projects is just around 25 per cent.

Signs of basic infrastructure such as schools and hospitals are yet to make a mark in the region. The affordability tag is gradually losing relevance, though the price points at Kundli are still lower, compared to other areas in the NCR.

Outlook

This region has great potential thanks to its proximity to North Delhi and the Delhi borders. Investors with constrained budgets can still explore Kundli. If the proposed infrastructure and development initiatives go on stream, Kundli can get into higher gear. Investors should maintain an investment of property horizon of three-five years to realise a decent RoI.

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Organic Smart City, smart destination regarding fresh environment

As global population is increasing in fast pace, the use of motor vehicles, planes and electronic generators is increasing. All these are the causes behind increasing pollution rate in the world. Pollution is very harmful to our nature and climate. Whatever climate change we are facing all are because of pollution. In India it is estimated that 50% population of India will be residing in urban areas and till 2050 this will be 70%. This is showing that how fast people are migrating towards the cities in search of jobs and better future of their upcoming generation.

On the other hand, the survey of WHO is showing that pollution rate is growing day by day in the cities and especially in India, Delhi is the most polluted city in entire world. Current population of this city is 17, 838,842 which is the second largest populated cities in India after Mumbai. This number is increasing day by day, the government has taken better initiative to develop smart city which might fulfill the requirement of people in future and can also reduce the pollution rate of our cities. Along with this central government initiative, private real estate developers have also shown their interest in development of real estate projects on the concept of smart city. Airwil Organic Smart City a newest launched innovative real estate project of Airwil Group in Yamuna Expressway.

There is no choice for the people except living in polluted cities because our villages are not so much developed that people can earn money and live happily. They do not even get entire facilities at villages like 24*7 electricity and water supply etc. smart city concept of cities are coming in India as the life saver because living in polluted environment causes various types of diseases. This concept is totally based on the concept of nature and nurture. Organic Smart city is located on Yamuna Expressway which is well known for its peaceful and greenery. This location is well connected to each part of the city as well as entire nearby cities.

This is all about the project and location but one this thing which is most useful for the people is its facilities and offerings. Environment plays major role in the life of human being and Smart city concept is totally proportional to fresh environment. So people will get fresh environment and environmental amenities in Airwil Organic Smart City. 

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DLF Privana is new innovation of DLF Group

Gurgaon is one of the fastest developing cities in India close to the capital of country. There are many more companies, industries, foremost residential areas and commercial areas in this city which increase the demand of property in Gurgaon. This city is having tranquil environment so people are mostly attracts towards this. Large numbers of people are consistently migrating towards this in search of better employment in the reputed companies and also for their residence free from noisy crowd and polluted environment of the city. This city has been mostly developed by the foremost real estate developing company DLF Group which has made this commercial hub in India. This group has done tremendous job of delivering residential and commercial projects. More than half areas of the city have been well developed by this group.  

Migration of the people Gurgaon is increasing day by day in search of better employment. All of the world class companies and multinational companies are having their corporate offices and workplaces in the city which are daily recruiting many more employees. Recruitment of so much number of employees is increasing demand of residence in Gurgaon. DLF Group is continuously developing residential project in this city and this time this group has brought DLF Privana in the heart of Gurgaon in sector 77 DLF 5. This location is well connected to each major part of the city and also NCR. Upcoming IT Hub DLF Corporate Greens is well connected to this location and Gold Course Road via southern Peripheral Road connects this location to Sohna Road. DLF has developed so many projects in its surrounding of Gurgaon that some parts of Gurgaon have been named DLF 1, 2 and etc.

This project is being developed on huge part of land which is spread over 113 acres of land. DLF Privana Gurgaon sector 77 is offering low rising apartments in which Ground + 3 floors will be constructed. All of these floors have been decided to give the spaces between 2000 sq ft and 2016 sq ft. these sizes of floors are going to give entire required amenities and enough space which will bring satisfaction in your life. Ground floors of entire towers have been reserved for parking spaces. DLF Group is well known for availing world class facilities inside the residential as well as commercial apartments. This group is availing entire required amenities and world class facilities in each apartments of this project which will make you free from facing and inconvenience...

Article is written by Ravi Chauhan he recommended to check out Mantri Energia

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Mantri Energia is offering you luxuries lifestyle in Bangalore

Bangalore is one of the most populated cities in the world. This city is having many more companies and these companies are regularly producing huge number of employment. Due to so much employment from the companies, the population of this city is regularly increasing. People are these days migrating towards this city from villages and other cities in search of better employment and better schools and colleges for their children. There are not only most reputed companies in the city but also many most reputed schools colleges in hospital. This city has become one of the most demanding cities in India because of having so many reputed destinations. Real Estate companies are mostly targeting Bangalore for realty development and people are also showing great interest towards the residential as well as commercial projects. These are many real estate developing companies in Bangalore which are developing their project people are only choosing the best and most reliable realty developing company.

Mantri Group is one of the most reliable and best real estate developing companies in south India. All of the delivered and being developed projects of this group have made this company quite popular. This group has produced many world class projects in South India and continuously developing projects. This group has again decided to launch a residential project in Bangalore by the name of Mantri Energia. Quality of last delivered projects and the services of those projects are showing the utmost effort of Mantri Group in providing luxury and comfort in the residential and commercial projects. This group is being lead by young and dynamic Mr. Sushil Mantri, who is having great experience and in real estate market. This group has now become one of the most reliable names in real estate market which is always successful in the measurement of providing satisfaction in the heart of buyers and investors.

Mantri Energia has become of the most awaited residential projects in Bangalore because of being located at the most attractive location in the city. Manyata Park t Hebbel where this project is located is having all types of accessible facilities and connectivity links to each part of the city. Talking about the facilities and amenities this city is having world class facilities along with luxuries amenities. Entire facilities which modern people need and demand for have been well availed in Mantri Energia Bangalore. If you want to be a part of world class luxuries life style this project is the best.

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DDA 2014 Housing Scheme: Application Forms Removed From Website

Delhi Development Authority (DDA) has removed the application forms for its new housing scheme from its official website. DDA's website had crashed repeatedly due to a massive response to its housing scheme. Now the online forms would be available on the sites of the authorised banks, DDA said.

The forms for the housing scheme went on sale from Monday.

"Application brochure/form can be collected from the branches of the following banks. Also brochure/form can be downloaded from the websites of these banks. Applicants can also apply online through the websites of these banks," DDA said on its website. (Also read: DDA Housing Scheme 2014: Should You Apply?)

According to DDA, its website received a total of 11 lakh hits on the day of the launch and 18.25 lakh hits in total in the first two days (Monday and Tuesday).

"Since, our server cannot handle the extremely heavy online traffic, we are redirecting the services to banks. Our homepage has a new link 'DDA Housing Scheme 2014' lower down the website, which directs the online users to our 13 empanelled banks and URLs," said VS Tomar, director of systems at DDA. (Read: DDA Housing Scheme 2014 Opens: 10 Things to Know)

The official said that DDA has already initiated the process of upgrading its server to handle larger traffic.

DDA launched it largest-ever scheme -- the 'DDA Housing Scheme 2014' on offering 25,034 flats. The scheme, which will be open till October 9, offers flats ranging from Rs 7 lakh to Rs 1.2 crore across various categories.

The land agency has made provisions for live viewing of the draw on DDA Draw Result 2014

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