With the express growth of commercial sectors, especially IT and ITES industries, the twin city Noida and Greater Noida are thriving as a realty sector of Delhi NCR. The city becomes a popular destination for an investment ranging from residential to commercial real estate market. Hence, the builders in Noida and Greater Noida are developing residential and commercial properties with world-class entities and innovative infrastructure.
Various builders are coming up with the concept of residential to studio apartments, township projects, shopping malls and corporate business parks. The twin city is a bit inexpensive than rest of NCR and capital. The prices of property are also affordable as compared with other regions hence, buyers and investors prefer the city for realty investment.
The online directory or the list is available to search for suitable property with affordability. Builders are coming up with various townships, residential and commercial projects with eco-friendly concepts. The projects are constructed with lots of open space, lush greenery, magnificent sun-rays and fresh breeze.
The realty projects in twin city tenders world class amenities such as two- level basement parking, children’s park, gym, spa, CCTV surveillance, power backup, intercom facility, individual R. O. unit, modular kitchen and many more.
In order to maximize your efficiency and actually get all of these tasks done, you might want to create a list of to-dos for yourself. Here is a brief list of tasks to maintain your home, on a monthly, bi-annual and annual basis.
- Clean kitchen sink disposal.The handiest and best all-around solution seems to be vinegar ice cubes. Put some vinegar in an ice tray and let it freeze, then run the ice cubes through the disposal.
- Inspect your fire extinguisher(s) : This inspection doesn’t require much: ensure it has easy access (not being blocked by a garbage can or anything else), such that the gauge shows adequate pressure, and that it has no visible signs of wear and tear.
- Run water and flush toilets in unused spaces.This mostly applies to guest bathrooms, or any other sinks/water sources you don’t use on a regular basis. The idea is to prevent grime or any other kind of build up. Regularly running a little bit of water will prevent this.
- Give your house a deep clean.Take one Saturday every six months with your whole family, and give the whole house a proper scrub. Appliances, windows, dusting every nook and corner, etc. Keeping things clean and not letting dirt/grime accumulate over years will help keep your home in top shape.
Inspect the exterior of your home. Is any paint chipping? Is any siding damaged from winter? Are there any holes in your brick? Take a close look all around your house, and make any repairs as needed. Also be sure to check the foundation for any cracks.
- Get your air conditioning system ready for summer; consider having it serviced.
- Repair/replace damaged window screens.
- Inspect roofing for damage, leaks, etc.Repair as needed; you may need a professional.
- Take care of any insect problems you may have: Ants, spiders, moths, etc. are all common, and fairly easy to take care of. Keep cobwebs clear, have ant poison handy, make sure all doors are tightly closed, etc.
- Tighten any handles, knobs, racks, etc.Go through the house and inspect anything that could have a loose screw.
- Check all locks and deadbolts on your doors and windows.If anything doesn’t work right, replace.
Keeping a home and its residents safe and secure from antisocial elements has been of utmost concern since time immemorial. For centuries galore, all kinds of ways and means have been devised to safeguard the home.
With soaring crime rates across Indian cities, the issue of home security has assumed humongous importance. All kinds of security apparatuses are now gaining popularity in urban Indian houses or apartments. These include the installation of CCTV cameras, Electronic Intruder Detection Systems, Video Door Phone systems and so on. The traditional system of posting security guards at one’s house gates has also not gone out of fashion.
With metropolitan cities spilling out of their borders, more and more homes are coming up around city suburbs and fringes. While the development of these budding cities, springing next to metropolitans, is taking place at an astonishing speed- it is also true that many of the homes here are situated in remote, far-flung areas, far away from the bustling city centers. This might sound like a boon to many country lovers, yet this makes home security an absolute necessity.
Hiring security guards and keeping watchdogs and alarm systems are the expensive but preferred home security options for those with individual homes.
At the same time, the many multi-facility apartment complexes and condominiums, that are mushrooming all over these developing suburban areas and are gradually becoming a hit with India’s vast middle class, are also equipped with tight security apparatuses. These include the installation of CCTV Cameras and 24*7 Security Guard systems. Security guards do not allow intruders and trespassers to enter the complex while CCTV Cameras ensure that the movements of all suspicious persons get recorded. The full-proof security in these apartment complexes has been one of the reasons for their growing popularity.
Thus the range of home security options is wide and it is up to the discretion of home-owners to choose what they feel is the best and safest for their home!
Traditionally an Indian home was never complete without a courtyard and a vegetable farm. However, with space becoming a much coveted item in urban Indian clusters, gardens are increasingly becoming a rarity in most homes.
At the same time, ardent lovers of gardening are not just investing in cozy country homes located away from the city centres, new age gardening concepts like terrace gardens are also catching the fancy of verdure lovers. As a result, gardening- typically regarded a western hobby- is flowering like never before!
Be it hanging pipe planters on PVC pipes, potted tomato plants, exotic culinary herbs planted in boxes and troughs, rose gardens or traditional garden hedges- gardening comprises a wide gamut of fanciful options. One only needs a dash of imagination and innovation to create wonders with our green friends.
While pipe planters on PVC pipes present an unusual gardening idea, growing potted tomatoes and other vegetables are gradually growing in popularity. Earlier, no Indian household was complete without the humble Tulsi or Basil in the front courtyard. Now again, Basil has found a special place in the kitchen gardens of gardening connoisseurs who have started growing it and other exotic herbs like thyme, sage and mint with great care. Rose gardens and traditional garden hedges call for sprawling gardens and lawns that are uncommon, but not entirely impossible to come across in the homes of the well-heeled.
In this day and age of anxiety and stress, gardening presents a wonderful hobby in which to spend one’s time constructively. As a result, more and more urban Indians are taking it up and thereby, lending fresh dimensions to this evergreen pastime.
Ghaziabad, an upcoming city located in the Delhi NCR is gradually becoming a hub of residential housing projects. Growing and developing at an astonishing rate, Ghaziabad is no longer considered a dusty, suburban town but a city that holds great promise in terms of realty development.
It is no great secret that buying a home in Delhi is no longer an economically feasible option for those in the middle income bracket. With house prices having spiraled in places like Gurgaon and Noida, Ghaziabad is definitely the next destination of those desirous of buying or investing in homes in the Delhi NCR.
Having realized the enormous real estate market potential of Ghaziabad, various realty players are investing in residential projects, most of which are slated to be ready for handing over within the next 2- 3 years.
The mushrooming of several glittering malls and shopping complexes alongside these residential projects is a sure indication of Ghaziabad’s blooming status as an upcoming city.
A great many of the residential housing projects of Ghaziabad are well planned condominiums offering modern amenities like ample parking space, security apparatus, swimming pool, children’s park, games’ court, health spa, gym and so on. Many of them are also located in the midst of nature which should be an added attraction for nature lovers.
These beautiful homes equipped with the aforementioned facilities are also affordably priced. Best of all, they offer the middle and upper middle class buyer a lifestyle he might always have aspired to live without burning a hole in his pocket.
The capital and its suburbs have always been country’s one of the robust realty markets in the country. The demand of mid-segment housing has significantly increased. The luxury residential sector has lately witnessed a slight market drop. This has lead to a slump in the economy. Subsequently, buying a home is a distant dream for many buyers.
The residential sector of Delhi NCR is moving towards affordable houses in upcoming locations. It includes residential projects in Noida, Greater Noida and Ghaziabad. The real estate developers are constructing innovative and robust infrastructure in tier 2 and tier 3 cities.
The demand of homes has increased and changed drastically from low-rise plot development to high-rise apartments and complexes. Builders in Noida and Greater Noida have introduced a diverse range of affordable projects that boast prime locations and greenery. These housing societies have been developed with privileges such as sports club, gym, spa, swimming pool, amusement park, gardens, covered parking space and health club.
Mohan Nagar and Noida Extension are becoming a hub for newly launched residential projects. These projects are perfect for those with limited means. This area offers good connectivity by bus and proposed metro stations to Delhi. The residential area is a perfect combination of high end living surrounded by lush greenery.
Year 2014 may pretty well be considered as the year of real estate maturity.
There is an all-pervasive view that after the general election in 2014, REIT, FDI in retail and a number of other funding options for the real estate sector will actually be put in place.
Real estate, after all, is a game of market sentiments and those sentiments can be revived within a few months on the back of sound economic fundamentals and market demand. Even foreign investors maintain that Indian economic fundamentals are worth a look—the worry is policy ambiguity which deters serious investors. Realty expert say that the decline in the number of launches will help property owners firm up their rents and also help new sellers in the resale market to demand more in capital value terms.
In the New Year, for the first six to eight months, growth momentum may not be the same as it used to be during the boom period between 2006 and 2008. However, economic indicators suggest that the market is poised for growth in the second half of the year after the general election in May 2014.
Buyers can be cautiously optimistic about a healthy recovery in the real estate market, as existing conditions favour a long-term investment horizon. While there may not be any corrections, buyers can bargain for some discounts on the quoted rates in new launches.
Investors and buyers continue to chase residential real estate assets, especially those properties which are mid-sized and priced reasonably and offer locational advantage and good infrastructure. While there is demand for affordable housing, premium properties too have attracted buyers in prime cities of the Delhi NCR, Bangalore, and Mumbai. However, most of the demand is in the Rs 3,500-5,500 per sq ft segment.
The depreciation of rupee provided a good opportunity to the NRI and high-value buyers of property in prime locationswhich improved the sale figures—although the bottom lines remained sluggish due to increasing cost of raw materials. Developers and builders expect development authorities like the Noida-Greater Noida authorities and the Yamuna Industrial Development Authority to settle land-acquisition issues of the farmers of Noida, Greater Noida, and Yamuna Expressway peacefully; this would improve the law and order situation in the area considerably and ensure smooth implementation of the projects lined up in these regions.
Rakesh Sharma, director of Antriksh Ideal Group, says: “Going forward, the supply situation will remain subdued due to the deferred completion of a number of new projects and reduction in number of launches across categories. Therefore, residential prices will see marginal increase in 2014. The supply levels are likely to improve in the second half of 2014.”
R K Arora, CMD of Supertech Ltd, says: “Year 2013 was a mixed bag of cheers and tears for the real estate industry. The uncertainties and the potential impact of Real Estate Regulatory Bill and Land Acquisition Bill continue to haunt developers, as these come with stringent penalties for delays, which are beyond the control of developers. The good news is the resolution of the land-acquisition issue in Greater Noida West; resumption of work there is music to the ears of developers and flat buyers. The long-standing demand of real estate industry for the central government to grant it the status of industry, which will help developers avail project funds from authorized sources among other things, needs to be addressed without delay in the New Year.”
Manoj Gaur, MD of Gaursons India Ltd, says: “The right product for the right market is one loud message coming out of Year 2013, and the developers who have done this research are doing well despite the slowdown. I am hopeful that the year ahead will be better than the current one, especially in the second half of 2014, when there will be clarity on the political and economic front after the general election. A lot is expected out of the next budget—the market sentiments will start changing thereafter.” Rakesh Yadav, MD of Antriksh Group, says: “The real estate is moving in the right direction despite a very stressful year. Policy makers will be forced to take cognizance of the contribution
of the sector to the Indian
GDP—it remains to be
seen whether that happens
with the next budget or after the election. But what can be vouchsafed is that managing the shortages is not the solution any more. The government has to take investmentfriendly steps to create surpluses now.”
Ashok Gupta, MD of Ajnara India Ltd, says: “There is growing evidence that though international investors and domestic investors seemed to target commercial property at the beginning of the Indian real estate boom, residential property is now more in demand. There are a number of reasons for this increase in demand for residential property, many elements of which are likely to continue for some time to come.”
Sushant Muttreja, MD of Cosmic Group, says: “While the Indian economy is expected to grow by 5% towards the end of 2013-14, this is well below the mark set during the boom time of recent years. Indeed, the RBI is forecasting that inflation will come down to around 5.3% by end 2014, which seem fairly high, but is certainly a major improvement on the current level of 6.5%. As a consequence, financial institutions are now limiting ready finance for the real estate sector.”
Deepak Kapoor, director of Gulshan Homz, says: “It is no surprise to learn that international and domestic investors are now targeting partiallycompleted developments, which only require additional finance to get them over the finishing line. So, taking account of the lack of new developments and the relatively small number of partially-finished developments, this will likely help maintain real estate prices in the short to medium term.”
Kushagr Ansal, whole-time director of Ansal Housing, says: “The Indian and Chinese economies have performed extremely well over the last five years or so, especially in light of the US mortgage crisis which impacted economies worldwide. Of late, there has been a slowdown in economic growth, which has perhaps caused many economists to rein in their optimistic forecasts from just a few months ago.”
However, the long-term dynamics of the Indian real estate market are still intact—a growing population, an expanding economy, increasing international investment, as well as a humongous middleclass which continues to grow even during these challenging economic times,” Kushagr Ansal says.
Rajesh Goyal, CMD of RG Group, says: “There is pent-up demand for a long-term real estate development in India. The economy is starting to improve again and inflation is set to fall significantly, which should ensure a steady long-term progressive Indian real estate market. There may be issues outside of the control of the Indian authorities but the dynamics required to expand the Indian residential real estate sector, as well as the commercial real estate sector, are certainly in place.” Vijay Jindal, CMD of SVP Group, says: “Though the realty sector made a promising start initially, compared to last year, the sentiment dampened due to rise in construction costs and rising rates of land and labour. Added to these woes were economic factors like plummeting rupee, abnormal rise in inflation and overall financial crunch faced by the end users—all of which made realty growth extremely sluggish. Let us hope the coming year brings a ray of hope that is beneficial for developers and buyers.”
Rahul Gaur, CMD of Brys Group, says: “Looking forward, the first half of the year 2014 may not be much different from 2013, but the second half promises to change the market dynamics. Developers also seem to have learned their lessons in the last four-five years, which saw the market tumble and started hurting our business. I think this will be a turnaround year for all the stakeholders.”
Gaurav Gupta, director of SG Estates, says: “Year 2014 looks to be the year of hope after a dull and average 2013. We hope to get a stable government by the middle of next year and, hopefully, inflation too will ease by March. As the rate of interest is at a peak, from here onwards it is expected to only fall. Also, it is expected that the new government’s policy will be clear on REITs and inflows may start in 2014. This will ease liquidity pressure, especially in commercial real estate.”
Kaushal Jain, MD of Arihant Group, says: “Homebuyers have complained about the high price rates of residential property this year, which is why demand did not take off as expected. This led to huge inventory pileup, which developers had to sell by offering freebies during the festive season. At the same time, realty players have also had to grapple with raw material costs as well as other external and internal development charges. The new government must come up with coherent and sustainable policies which will retain investors’ interest in the sector.”
Vikas Jain, MD of Sarvottam Group, says: “Year 2013 was full of ups and downs for real estate industry; rising inflation brought real estate to a low point while the land acquisition bill deepened the misery. But at the other end, REIT is a ray of hope for the industry to solve the liquidity crunch while the FDI in real estate could well be the biggest pacifier.”
Sanjay Rastogi, director of Saviour Builders, says: “Year 2013 started on a positive note with interesting launches across India and the sector was very much upbeat about a realty boom. But the industry was soon dogged by economic slowdown, falling rupee, escalating property prices, slow progress in infrastructural development and a host of other issues. All these came upon us at once and pulled down all hopes of a revival. Looking at the coming year, we expect some favourable and unbiased policies from the government so that we can bring up affordable housing for homebuyers.”
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After a gap of one year, Delhi Development Authority (DDA) has decided to put several plots under the hammer. Over 60 plots, in 14 different prime locations, will be auctioned at Dwarka, Pitampura, Vikas Puri, East of Kailash, Vivek Vihar etc on November 20, 21, 22, said a DDA official. The sale of brochures will begin from October 28.
DDA has chosen to initiate the auction with a high base rate, which is likely to increase the propertyrates in these areas. All 63 properties going under the hammer are priced above Rs 1 crore.
“With the realty market witnessing a correction in prices and the investors not showing much interest, DDA has chosen to pitch their properties aggressively. At Janakpuri – where property rates usually range from Rs 45,000 to Rs 50,000 per square feet – DDA has begun auctioning the plot at Rs 42,000 to compete with the 12 bedroom park facing builder built property,” said Kapil Kalra, a city-based property dealer.
From a 70sqm plot in Yamuna Vihar to get under the hammer at Rs 1.47 crore, to a 357sqm plot in Janakpuri which will open at Rs 15.74 crore, the authority plans to take on the big players in the realty market.
For investors, some prime properties include a 270sqm corner plot in Jasola which faces a 24m wide road and has a base price of nearly 13 crore; two 355sqm corner plots at around Rs 11 crore at Dwarka Sector-17, a 245sqm corner plot at Pitampura starting at Rs 10 crore; and a 357sqm corner plot at Janakpuri starting at Rs 15.74 crore.
Property auction used to be regular feature at DDA till a year ago. But after the top management was shuffled repeatedly – thrice in the past one year – the auctions were put on hold. After a long gap, DDA had auctioned 54 commercial properties in the city on October 8. Senior DDA officials say that more residential properties are being marked for auction and will also be put up for sale in batches in the coming months.
Source: The Times of India, Delhi/NCR
Emaar MGF Land Ltd (EMGF) has announced the launch of Imperial Gardens, a luxury project in sector 102, Gurgaon. The company plans to develop 9 high-rise towers comprising 580 units of 3BHK apartments with floor area of 2000 sq ft each.
he project offers 3 BHK flats with a family
lounge and luxury specifications in a modern gated development spread across approximately 12 acres of land along Dwarka Expressway.
Imperial Gardens has 9 towers arranged aesthetically to ensure all homes face green areas inside the project and the area surrounding it. The project itself has more than 6 acres of green area.
Ashish Jerath, vice president, Sales, Emaar MGF said, “Luxury has always been our forte. Imperial Gardens is the next chapter in defining luxury in its finest details. We have strategically launched it along Dwarka Expressway as the area is designed to change the way Gurgaon currently looks.”
“With its proximity with airport, upcoming aerocity and other main centers including the national capital, Imperial Gardens promises the best return on investment. We have already started receiving good responses. As the market sentiments have revived, we are expecting an overwhelming response in coming days,” he adds.
Dwarka sub-city is mainly an end-user driven market with the whole infrastructure up and running. It is well-connected with Metro Rail and airport, and a destination of choice for home buying.
We have seen a trend wherein, existing residents of Dwarka sub-city look for better and bigger apartments within the Dwarka sub-city itself. These are primarily the ones who are residents of the earliest launched societies in the area and are now looking towards societies with better maintenance and construction quality. In a way they are looking for upgrade. Those who are already residing in a 3BHK with twin car parking, power back-up, etc and are looking towards 3BHK+servant’s room with other things remaining the same.
We have seen good inventory available in Sectors 21 and 22 and now Sector 19B being a hot spot. The price range for the 1,500 sq ft, 3BHK apartment, with parking facility and power back-up in Sector 7, is Rs 95 lakh to Rs 1.15 crore, depending upon location of the society, infrastructure quality, internal maintenance and many other factors.
Is it the right time to buy?
For Dwarka-Gurgaon Expressway, this is the best time for the first-time home buyers, as they will not only get the property at discounted rates, but also may get further discount of 3-6 per cent, in terms of freebies. The charges like PLC (Preferential Location Charges) and club membership can be waived off, based on the level of negotiation and the type of property.
For Dwarka sub-city, we have seen the prices softening for the past six months, and there is no reason for delaying the decision now.
Is it the time to invest?
For Investors, Dwarka-Gurgaon Expressway still holds a lot of opportunities, provided one can spot the properties under distress. We have been seeing the quantum of distress sales and one can have a great bargain in these times, when short term real estate investors are exiting.
It is not recommended to go for investment in the said stretch as far as the newly launched or already launched properties are concerned as better options are already available. An investor could rather consider other alternative such as Sohna in Gurgaon and also Neemrana.
Neemrana provides the best point of price-entry that many have missed at the Dwarka-Gurgaon Expressway. This is backed by the whole infrastructural development that is coming up to support it, with Japanese city coming into existence along with many other international firms setting up their base.