Dwarka NH Status to Push Projects Located Alongside Dwarka Expressway

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Dwarka NH Status to Push Projects Located Alongside Dwarka Expressway

Residential projects located in Gurgaon alongside Dwarka Expressway had “Work in Progress” signboard for around 6 years. There are certain land acquisition issues in Delhi and Gurgaon which led this 18-km stretch to delay completion. The projects located along the expressway are in different stages of development. Some of them are getting finished, some are almost done, and others are still waiting to add additional floors. Nitin Gadkari, Union Transport Minister, has announced to accord Dwarka’s National Highway status at Happening Haryana summit. It will be the hope for thousands of property seekers who invested here and looking for possession of such homes. Manohar Lal Khattar, Chief Minister of Haryana, declared the final deadline as June 2017.

Now the question is how a national highway status will benefit Dwarka Expressway. According to the experts, the finalization of expressway project will be boosted because it will be controlled by NHAI (National Highways Authority of India). After the transfer, as per the Highways Act, Dwarka Expressway is all set to fall under highway administrator by NHAI. In Gurgaon and Delhi, land acquisition will soon become faster once National Highways Act Section 3(d) is issued. The disputes related to compensation will be fixed soon once the road is developed by NHAI.

Another important question which should be answered is whether noise is made on allowing NH status to the stretch of 150 meters will find any impact on real estate prices. According to Executive Director and Founder, Prashant Kaura, GenReal Property Advisers Private Limited, the market is depressed now. Once the highway is completed in Haryana and patches are made after land acquisition disputes, we may see some sort of activities in the real estate market. As of now, some sort of sales is happening and settled at around Rs. 6000 per Sq. ft.

NH Status will benefit some of the projects located along Palam Vihar and Khirki Duala areas which cover sectors 104, 102, 90, 89, 88 etc. Several developers seem to match their schedule of delivery and completion of projects with the deadline of highway completion. The projects in Delhi may take longer time.

For bookings and more information on Dwarika Expressway, Gurgaon

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Affordable Housing Projects to Introduce 60000 Residences across Haryana

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Affordable Housing Projects to Introduce 60000 Residences across Haryana

Affordable Housing Projects to Introduce 60000 Residences across Haryana

The slow growth of real estate market, that barely witnessed new projects, got a surprise recently. The numbers of affordable housing have pushed up suddenly. Several projects are launched under Affordable Housing Policy of Haryana Government. Some of the prominent developers in Gurgaon launched 60000 units in this scheme are Signature Global, Adani Realty and Tulip Infratech. Over 57000 apartments of up to 400 sq. ft. to 600 sq. ft. are available for sale in the state. This affordable housing policy may attract middle class group earning around Rs. 40000 per month on average.

The real estate projects are positioned in well-developed sectors like Sector 103, Gurgaon. The prices of these apartments are almost similar to the market value of other projects nearby. But super area is offered to the consumers, instead of carpet area. A lot of affordable projects in Gurgaon are located in flagship sectors from 58 to 115 under Sohna Urban Development Plan and Gurgaon-Manesar Urban Complex 2031. The directorate of country and town planning in the city has issued 35 licenses so far to the developers for the area spreading over 202 acres. Around 9 licenses have been issued among them in Sohna.

Adani Realty has introduced affordable real estate project in Haryana under Aangan brand in Sector 88A to Sector 89A. The project head, Sanjiv Tyagi claims that the developer has introduced over 838 units under this scheme and awaiting environmental clearances. They are also willing to add further 300 residences to the same project and applied for further licenses. They are also looking forward to launch other projects in this segment. Recently, Signature Global also raised Rs. 150 Cr to introduce another housing project from ICICI Prudential Fund, Orchard Avenue in Gurgaon. With this project, they are offering around 729 1BHK and 2BHK units from Rs. 13.8 Lakh to Rs. 22.17 Lakh for Rs. 4000 per sq. ft. Chairman and Co-Founder, Pradeep Aggarwal, Signature Global Group admits that they have around 7500 homes under pipeline in Gurgaon. The developer has launched projects in Sectors 71, 81, 93, 103 and 107. We are planning to introduce four projects in this segment.

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Sohna Road to See Real Estate Boom in Gurgaon

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Sohna Road to See Real Estate Boom in Gurgaon

Sohna Road to See Real Estate Boom in Gurgaon

Gurgaon has always been a hottest destination for home buyers in Delhi NCR to live in. For homebuyers Delhi is out of their budget, Gurgaon is the best option for different reasons. Some of the location advantages are international airport, proximity to Delhi and quick connectivity led to the transformation of the city into largest economic hub of the country. After the central location of the city, Sohna Road is among the fastest growing city in NCR and Delhi real estate market and it is constantly growing when it comes to civic infrastructure and livability index.

Sohna is located strategically in the south of the city and it has seen promising development in several important livability parameters, according to a latest report confirmed by Cushman & Wakefield. There are several major growth drivers in the city that impact prospects of real estate development. The location is enjoying great potential for urbanization in future, as per the micro-market report. The report is devised according to the assessment of important parameters like potential and existing connectivity with fastest-growing commercial hub, education facilities, healthcare, infrastructure, rail and road connectivity. According to Gitamber Ananad, CREDAI President, Sohna is the promising location that has great potential. The developers are constantly focusing on it to witness the support of initiatives by the government in this location. They are witnessing huge interests of property buyers and investors for the projects underway.

Sohna is the location which has great supply of commercial, residential and retail projects. Being the realty market, Sohna has great presence of leading developers like DLF, Eldeco, Tata Housing, Unitech, Central Park, Omaxe, Parsvnath, Ansal, Raheja, Ashiana Homes, Ireo, CHD etc. They have introduced various residential, retail and commercial projects in Sohna. Homebuyers have a lot of options to choose from apartments, lavish integrated townships, villas, duplexes and even theme-based homes. Some of the plots are available with high-rise and mid range buildings. Sohna has a lot of shopping malls like Omaxe, Galleria, and Ninex and all the modern and civic amenities like hospitals and schools in the vicinity. It has a lot of affordable housing options for the residents.

For bookings and more information on Sohna Road, Gurgaon

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