Gurgaon Real Estates

31/12/2013

Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long time and convinced enough to take the plunge, it is time to go for location hunting.

According to property advisors, the metro cities should be top-most on your list of preferences. "We are always bullish on the metros. These are the cities which generate job opportunities and as a result, the land values go up," says Lalit Jain, chairman of developer's association Confederation of Real Estate Developers' Associations of India (Credai). "In any city, look for characteristics that are rare. Any location that is not plagued by bad infrastructure like congestion will always see appreciation," says Jain.

MUMBAI/NAVI MUMBAI

In the financial capital, locations that real estate experts favour range from South Mumbai to Ulwe in Navi Mumbai. "We recommend the relatively affordable destination of Ulwe as we expect the prices to double in close to three years' time," says Samantak Das, chief economist and director, research, Knight Frank India. The property consultancy firm had identified Chembur and Wadala as locations where prices will double in nearly four years and according to Das, it continues to hold on to its view. Dutt of C&W feels that Bandra-Kurla Complex and Lower Parel are the destinations one should look at investing in Mumbai. Lalit Jain says he is betting on South Mumbai and locations in the vicinity of BKC.

NATIONAL CAPITAL REGION

In the National Capital Region, Noida extension and Dwarka Expressway find a place in Knight Frank's recommendations. The consultancy firm's report last year indicated that the prices in these locations could double in nearly four-and-a-half years. Golf Course Road is another location to watch out for, according to C&W.

PUNE

The commercial capital's neighbour finds favour with most property advisors. Four micromarkets — Hinjewadi, Tathawade, Ravet and Wakad — figure in Knight Frank's preference list.

BANGALORE

While the city as a whole, being the IT hub, offers good opportunities, Knight Frank is bullish on Hebbal and KR Puram. By 2017, Hebbal could see an appreciation of 94%, while the latter's valuation will grow by 91%, it says.

CHENNAI

In Chennai, prices in Medavakkam and Pallikaranai could double in nearly five to five-and-a-half years' time, says Das.

HYDERABAD

The only factor affecting the cyber city's attractiveness as an investment destination is the Telangana logjam. "Due to the lack of clarity, the geopolitical risk is very high in the city. Otherwise, Hyderabad scores over Bangalore and Chennai.

30/12/2013

NEW DELHI: In the run up to general elections 2014, benchmark indices have managed to hit their respective record highs.

The BSE Sensex has surged a little over 1,900 points so far this year, and hit its fresh intraday record high of 21,483.74 today.

Tracking the momentum, the 50-share Nifty index surged over 450 points in the same period to hit its fresh record high of 6,415 in trade today.

Even after this euphoric rise, analysts say that investors can still make money as much as 15 per cent in the run-up to general elections due in 2014 by carefully handpicking selected beaten-down stocks, value plays and quality names.

Markets tend to do well ahead of elections. In five of the last six elections, investors buying six months before elections and selling on the day before results would have seen positive returns. The average return has been 15 per cent," BofA-ML said in a report.

The state election results are likely to boost sentiment,but they should not have any immediate impact on the fundamental outlook.

In the official results of the state elections, the main opposition party, Bhartiya Janata Party (BJP), performed strongly, securing an absolute majority in three out of the four states (Rajasthan, Madhya Pradesh and Chattisgarh) and a plurality in Delhi.

This indicates a rising wave in favour of the BJP as well as an anti-Congress vote in these states. The newcomer Aam Aadmi Party (AAP) made a spectacular debut in Delhi.

India's economic growth is bottoming out, but weak domestic demand amid tighter fiscal and monetary policies are likely to prevent any meaningful take-off, global brokerage firm Nomura said in a report.

The brokerage firm is of the view that gains in the market is likely to be led by high-beta domestic cyclicals (banks and industrials, mainly) and expect defensives (consumer, pharmaceuticals, telecom and IT services) to underperform.

They maintain their end-March 2014 Sensex target of 22,000.

"Sector-wise, we remain positive on banks, IT services, pharmaceuticals, oil & gas and power utilities," it says.

However, Nomura is cautious on autos, infrastructure & construction, capital goods, consumer, metals and telecom.

The brokerage firm is positive on banking sector as it feels it is likely to benefit most from the election.

The 50-share Nifty index closed positive for the second week in a row and this rally can continue in the coming week till 6,210 is held on lower side, say analysts.

"BJP has won by 4-0 and if we consider this as wave then the market rally which started in August 2013 for Indian markets would gain more strength," said said A K Prabhakar, Independent Advisor.

"If Nifty closes above 6,357 decisively on any day then blow-out rally can extend till 7,200-7,500 is very much possible in the next 1-2 months from the date of closing," he added. He is positive on cement stocks such as Ramco Cement, Ambuja Cements, Grasim, UltraTech Cements and ACC.

Investors still have six-odd months before the general elections in 2014 and the near-term euphoria is likely to gloss over the weak macro. Analysts advice investors to stick to quality high beta names and cyclicals.

Religare Institutional Research advises investors to buy beta with rate-cyclicals (financials, capital goods, infra). The brokerage firm is of the view that midcaps would see renewed favour and they recommend the following basket for a 15-20 per cent upside which include stocks like Yes Bank, OBC, Muthoot Finance, Voltas, OBC, Shree Cements and Ashok Leyland.

Sunil Garg, Head of Asia Pacific Equity Research, JPMorgan is of the view that there is a fairly long period between now and the next government coming in.

"As we get through this euphoria rally you probably will get an opportunity to rotate out of some of these deep cyclical names whether it is the industrials, some of the infrastructure names and perhaps some of the tier two banks that have rallied very hard on expectations ahead of these election results," he added.

11/12/2013

NEW DELHI: Realty firms Ashiana Homes and Landcraft Projects said they have raised Rs 100 crore from Pirmal Group's private equity firm Indiareit and another Rs 80 crore from financial institution India Infoline BSE -0.95 % to fund their upcoming housing project in Gurgaon.

Ashiana Homes and Landcraft have formed a 50:50 joint venture firm to develop a housing project in Gurgaon. The project, located on Dwarka Expressway, would have 750 flats.

"We have bought 14 acre of land in Gurgaon from Vatika group. The joint venture will be investing Rs 600 crore to develop a housing project," Ashiana Landcraft Realty, the JV firm, Director Rohit Raj Modi said.

The investment would be funded through internal accruals, debt and equity, he added.

"We have raised Rs 100 crore from Indiareit Domestic Fund and Rs 80 crore from IIFL," Ashiana Landcraft Realty Director Manu Garg said.

Modi said the fund raised from Indiareit and IIFL are mostly debt with some equity portion.

The joint venture company would launch this project at around Rs 7,000 per sq ft in February 2014 and construction would start from April onwards, Garg added.

The project 'Center Court' is expected to be completed by June 2017. The JV would undertake the construction work inhouse, but has tied up with Singapore-based Belt Collins International for landscape architect.

Delhi-based Ashiana Homes is developing projects in the national capital region, Jaipur and Bhubaneshwar, while Landcraft Projects is building a 90-acre township and a group housing projects in Ghaziabad.

07/12/2013

The Gurgaon Master Plan 2031 has earmarked certain sectors for Low Income Group and affordable housing. The “Affordable Housing Scheme” by Haryana Government got approved in August 2013. With such positive developments, Gurgaon is definitely paving its way for providing affordable housing in the NCR.

Being a part of NCR, Gurgaon instantly reminds of high-rise buildings and prestigious offices of multi-national companies and attractive residential buildings. However, in terms of affordable housing, Gurgaon currently has very less options and it is majorly a place for luxurious living. There are no or very few projects which offer housing for an average middle income or low income homebuyer. The only available affordable properties are those which the developers offer in their projects as per the government rules. However, after the approval of the Gurgaon Master Plan and the Affordable Housing Scheme by Haryana Government, it seems Gurgaon would soon offer affordable housing options to the homebuyers in Delhi NCR.



As per the Housing Scheme by Haryana Government, homes worth Rs 12-25 lakh would be constructed in Gurgaon, which currently are unavailable in the city.

Pramod Agarwal, executive director, Microtek Infrastructure says, “The Affordable Housing Scheme which was announced in the month of August this year has had some developers showing interest in it. However, it will take at least 1-2 years to get implemented substantially.” Real estate developers such as DLF, Emaar MGF and Raheja Developers have applied for licenses to construct affordable homes in areas such as Gurgaon, Sohna Road and Faridabad.

To implement the scheme and take a feedback from the market, Haryana Government had put the idea on its official website. Those willing to purchase these homes will be required to fill a form first. The homes of 300-645 sq ft areas would be allotted through lucky draws, just how DDA or GDA allocates their low-income group (LIG) homes.

Talking of the initiative of the government to provide LIG housing under the Master Plan 2031, Agarwal says, “While the land allotted for affordable housing under the plan is insufficient, it will still meet needs to some of the buyers at least. Sector 68A has primarily been planned for LIG Housing. The construction quality of these LIG homes would be maintained to the standards and would include facilities such as two-wheeler parking. The eligibility to allot these homes would be dependent on the allottee’s ownership of any other property in Haryana.”

In the current market situation, where Gurgaon is emerging as a home for elite, it becomes tough for lower and middle income segments to buy a property here. A policy like this can prove to be a boon in such a case.

22/11/2013

NEW DELHI: After a change of construction rules in Delhi made provisions for smaller one-acre farmhouses, owners of large properties on the city's fringes are actively looking to unlock the value of their surplus land.

Earlier this year, the Delhi Development Authority (DDA) reduced the minimum area requirement for farmhouses to 1 acre from 2.5 acres earlier. The revised norm offers owners of an estimated 2,700 farmhouses in the city the opportunity to downsize and monetise their surplus property.

"Asset prices in these areas have appreciated significantly in the past decade and now offer an opportunity to unlock value," said Vishal Suneja, a businessman whose family owns a farmhouse on Bandh Road near Chhatarpur, where land prices have risen more than 200 times in a little over a decade. An acre of land in Chhatarpur that cost Rs 8-12 lakh in the 90s is now available for Rs 20-25 crore.

While farmhouses are springing up in newer areas within the city's limits, owners of farmhouses in older areas such as Chhatarpur, Satbari, Asola, West End Greens, Jaunapur, Ghitorni, Pushpanjali, Kapashera and Bijwasan have started engaging real estate developers and property brokers to ascertain the value of the land they are willing to let go.

This push to monetise surplus real estate has seen Delhi-based Uppal Group acquire land for farmhouses in areas like Chattarpur, Jaunapur and Kapashera, while other builders are offering schemes where they develop an existing property as per the new policy and hand over a portion of the farm along with some money to the owner.

Samyak Properties & Infrastructure is redeveloping a 10-acre farmland in the Bijwasan area under a development management pact with the landowners. On this land, there is potential to build 8-16 bungalows, according to the new policy.

"After the one-acre farmhouse policy was announced, people who have large arge holdings in these areas have smelt an opportunity. For many, it is also difficult to maintain such large farms," said Manish Uppal, managing director of Uppal Group.

Another developer, Sanjay Khanna, director of Kailash Nath Projects, is scouting for opportunities to collaborate with farm owners across the city. "Many of these owners have surplus land that they are looking at monetising. It could be because they need money to stabilise their business in these trying times or just to encash their valuable properties that were so far highly illiquid," he said.

Under the changed policy, new dwellings called Country Homes will be allowed on a one-acre plots. They will have a higher floor area ratio of 30 compared with to the earlier stipulated 15. This would mean close to 13,000 sq ft of space can be built on a one-acre plot, excluding the basement, but 50% of the area has to be left green. Arvind Mehtani, owner of SettlersIndia. com, a brokerage firm that has been dealing in farmhouses since 1998, said several of these farms were bought over the last 15-20 years and since then prices in these areas have multiplied.

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10/11/2013

NEW DELHI: Housing prices have jumped nearly three-fold on Dwarka Expressway in Gurgaon during last five years to Rs 7,000 per sq ft but slow pace of constuction of highway and litigation issues have become a major hurdle for growth of this corridor, property consultant DTZ has said.

Property consultant DTZ in its report 'Investment Hotspots in Delhi NCR' said that average residential capital value on Dwarka Expressway has risen from Rs 2,426 per sq ft in 2009 to Rs 7,000 in 2013.

The 18-km long Dwarka Expressway, also known as Northern Peripheral Road, is a eight-lane expressway linking Dwarka-Gurgaon. It is being developed by Indiabulls group under public private partnership (PPP).

DTZ said that Dwarka Expressway is one of the latest hotspots for real estate opportunities for home seekers and potential investors. Proximity to the national capital and IGI airport gives Dwarka Expressway an edge over other upcoming real estate destinations such as Dharuhera, Bhiwadi, Yamuna Expressway and Noida-Greater Noida Expressway.

However, the consultant said that "the snail's pace at which the construction of the expressway is progressing along with litigation issues with respect to land acquisition on a 4 km stretch of the expressway are proving to be major hurdles in the growth of the corridor".

Prominent developers like BPTP, Puri Construction, Raheja, Mahindra Lifespace, Sobha Developers, Ansal Housing, Assotech, Paras and Ramprastha have launched more than 50 projects on Dwarka Expressway and are at various stages of construction. These projects range from mid end to premium segment.

"Between 2009 and 2013, the location has witnessed second highest number of project launches, after new sectors in Gurgaon (in terms of number of units). Approximately 18,000 residential units have been launched in the last five years across 44 projects ranging from mid to premium category," it said.

Dwarka Expressway is expected to receive second highest number of housing units (about 24,160) between 2013 and 2018.

With approval of Land Pooling policy by Delhi Development Authority (DDA) which has unlocked substantial land for both housing and commercial use in Delhi, the consultant said real estate growth on Dwarka Expressway is expected to take a hit.

"Adding on to the growth inhibitors is the slow pace of construction of the expressway and the litigation issues. In order to realise the envisaged potential of this corridor, it is essential for government to expedite the infrastructural development which currently is at a nascent stage," DTZ said.

22/10/2013

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21/10/2013

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23/08/2013

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This blog gives you complete details of all the currently running under construction and completed all the projects in the Gurgaon.We also provide you facility to sale and purchase flats,apartments,floors,Lands.