Gurgaon Property And Investment By-pankaj Singh

Gurgaon property and investment By-pankaj singh Gurgaon - a township inception transcends centuries and goes back to the time of Mahabharata when Guru Dronacharya trained the Pandavas and the Kauravas. During last one decade, Gurgaon has gone through major changes and has now developed into a modern township. Address :Office of the Administrator & Estate Officer-1 is located in HUDA building, Sector 14, Gurgaon Office of the Estate Officer-II is located in HUDA building, Sector-56, Gurgaon

Development of U.E., Gurgaon [Departments] 1. AUDITORIUM CUM CONVENTION CENTRE Haryana Urban Development Authority has undertaken the project of Auditorium-cum-Convention Centre in Sector-29 in an area of 8.50 acre with a project cost of Rs 1391.00 lacs. The Auditorium with covered area of approximate 5400 sqm and seating capacity of 1200 persons will be fully air conditioned. The Auditorium cum convention centre will have the provisions of conference hall with seating capacity of 65 persons. 2. OPEN AIR THEATRE (OAT) Open Air Theatre in Sector -29 is under construction at the cost of Rs 82.90 lacs. It has a seating capacity of 200 persons. 3. EXTENSION OF LEISURE VALLEY

The ultra modern musical fountains in the Leisure Valley Sector -29 have been made functional. The Central Plazza in Sector -29 is being developed with grassy lawns, ornamentals trees, planters etc. The estimated cost for this project is Rs 200.00 lacs. 4. DEVELOPMENT OF CH. DEVI LAL SMRITI PARK SECTOR-22 U.E. A Leisure Valley type park has been developed in sector-22 Gurgaon. This park has been named Ch. Devi Lal Smriti Park. The total area of this park is 30.00 acre. 5. SPORTS COMPLEX IN SECTOR 38 U.E. A sports complex is being constructed in sector-38 in an area of 46.25 acre at the cost of Rs 900.00 lacs. The following infrastructures are being constructed under this project. a. Cricket Stadium ( Capacity of 25,000 persons ) b. Athletic Stadium ( Capacity of 5000 persons ) c. Indoor Stadium ( Capacity of 2500 persons) d. Swimming Pool ( Capacity of 2500 persons) In addition to above of Hand Ball, Valley Ball & Basket Ball Courts are also to be made. The provision of Hostel and commercial complex has also been made. 6. MODERN JAIL COMPLEX A prestigious Govt.project for the construction of Modern Jail Complex near village Bhondsi on Sohna- Gurgaon road has been constructed by HUDA. The complex is spread over an area of 86.00 acres. 7. MINI SECRETARIAT HUDA has constructed the Mini Secretariat building at Gurgaon. This building comprises a seven storyed block & two double storey blocks. The DC Office, SDM Office, City Magistrate Office, DRO Office, DDPO office, NIC, Election, Employment, DPRO, Tehsil Office, DEO, DFSC & Labour Office have been shifted into the Mini Secretariat building. 8. WIDENING OF GURGAON - MEHRAULI ROAD Gurgaon-Mehrauli road with approximate length of 5 Kms has been transferred from PWD (B &R) Deptt to HUDA for widening from four lane to eight lane road. The approximate cost is Rs. 495.00 lacs and the work is in progress. 9. SEWAGE TREATMENT PLANT The Sewage Treatment Plant has been constructed near village Dhanwapur with capacity of 68 MLD at an approximate cost of Rs. 1100.00 lacs. 10. REST HOUSE BUILDING Sector-15 (I)

Huda is constructing Rest House building is Sector 15 Part I Gurgaon at the cost of Rs. 64.65 lacs. The total area of the plot is 1960 sq.mtr and plinth area of the building at ground floor is 405 sq mtr and for Ist floor is 385 sq.mtr. The work for construction of this building is in progress. The construction of 250 bedded hospital building in Sector 10 Gurgaon on Basai road shall be started in near future. BEAUTIFICATION OF GURGAON U.E.

1. Leisure Valley Park. A central place named Leisure Valley having an area of 25 acres has been developed in Sector-29 which is fully decorated with water body, series of fountains of various types and rose garden with roses of various variety, ornamental trees, fancy lights and beautiful concrete path ways. A jogging track shall be added for the attraction of health conscious people. Large numbers of people visit leisure valley daily in morning & evening. HUDA has constructed a shopping complex and a restaurant with huge parking spaces around it.

Musical Fountains at Leisure Valley Park 2. Master Roads and Junctions HUDA is planning to recarpet all the master roads which have been constructed before 1995. In the first step an estimate of Rs 170.00 lacs was approved by Govt. of Haryana for recarpeting of 60 M wide road leading to Sector 55/56 from NH-8 upto DLF Golf Course. Appx. 90 % work has been completed at site also. Further the junction point of 60 M wide road with Mehrauli Road has been improved and slip roads have been constructed. To beautify and to increase visibility at night at junction of NH-8 with sector dividing roards, lighting with special mercury lamps has been done at Rajiv Chowk, Jharsa Chowk, Unitech Chowk, MDI Chowk and Atul Kataria Chowk.

Master Roads

Mercury Lamps Lighting at Junctions

Facilities : Water Supply, Sewerage, Storm water, Roads, Streets, Bricks on edge paving and Electrification etc.

TOWNSHIP DEVELOPMENT

HARYANA MODEL – GURGAON

Shailender Kumar, Vice President,Omaxe Construction Ltd.

Haryana is on the threshold of development as regard the Township Development is concerned. As always Haryana stood for Green revolution, now it transeles rapidly to commercialized and industrialized hub-centeres of urbanized population. Today, ‘Gurgaon’ stands as a ‘role model’ of any city development. Gurgaon – originally “Guru-Gram’ named after Duru Dronachanya in Mabharat time, during last decade, it has gone through major changes and has now developed into an ideal modern township. GEOGRAPHIC LAYOUT

To its advantage of being situated in New Delhi vicinity, Gurgaon falls under National Capital Region. Its boundaries touching Rajasthan, Uttar Pradesh and Delhi make Gurgaon to an important strategically located place. Further, it is connected to the Delhi-Jaipur-Ahmedabad broad gauge rail link and also National Highway No.8 along with IGI Airport; about 30 Kms. from the centre of New Delhi, Gurgaon is most important of all Haryana Towns.

(Refer Gurgaon – Locational Map)

DEMOGRAPHIC GROWTH Till independence, Gurgaon was fairy backward small hamlet, having habitation of few hundreds only. Way back to 1971, its population was merely 57,085. it then grew to approximate 2,57,000. GURGAON DEVELOPMENT ROUTE Gurgaon is one the fastest developing city in Northern India and its proximity to New Delhi helps. Initially considered a Satellite city to Metro New Delhi. The habitation begun living in Ansal’s in Palam Vihar, having regular inferior-rated basic infrastructure of access roads, power and water; which has been developed, later. Earlier established MARUTI UDYOG gave- Gurgaon planners a feel to consider the town development, a prelude for making it an Industrial – hub-centre. Keeping the pace with time, it undertook considerable development work to ensure that the industries coming up in Grugaon have a smooth sailing run. Later, DLF’s Qutub-Enclave and AA’s Garden City etc. provided a pollution free, quality living, which was accelerated for the availability of cheaper (comparing South Delhi rates) land, followed by Unitech Southcity and henceforth. In the meanwhile, HUDA made all the provision available for a new modern town with seed of its conceptualization set in nature. Gurgaon city layout (Sector wise) is enclosed for further elaboration, which is ready in thought is modern and the ambience is natural (Ref.Gurgaon Map). Maruti Industries taking as an anchor- lead to Industrial Development of Gurgaon which has given schematic- development of all kind industries spreading beyond its geographic end upto Mansear or Rajasthan’s & Bhiwani. GURGAON - MNC & CORPERATE DESTINATION

Gurgaon’s Planners have also been conceptualized as a catalyst for promoting the pace of industrialization, promoting the pace of industrialization here. Promotion of large and medium sector projects has been among one of its prime objects. Keeping the growth and understanding the need the developer (DLF, Unitech, Ansal & Others) made Grugaon transforming into a destination of their offices of all corpoerate and MNC’s from the crowding & expensive Connaught Place or other New Delhi Commercial Complexes. In this context DLF’s Corporate Park Gateway Tower, Unitech’s Signature Tower, Millennium Tower, Global Business Park, Unitech Business Park are a few to name; which have provided the clients - with all international standards amenities and facilities. Now, many other players are also in the trade i.e., MGF Tower, Sahara Mall, JMD’s Royal Court, Vatika’s First Indian Place, Vipul Orchid Tower etc. etc. The Gurgaon portion of Maharauli-Gurgaon Road is going to be a glittering streach with best of acrhitectured commercial complexes. Most of the ‘Corporate offices’ are shifting from down-town New Delhi to Gurgaon in these commercially built-up complexes. MNC’s are also opting in these complexes, as they find adequate HOUSING facilities with international standard & availability of choices in Gurgaon. If Chennai’s Tidal – Park is pioneering for feeding maximum to the event of success as Cyber city; Gurgaon goes for multiple development of DLF’s, Unitech’s and other’s Cyber Parks. This would facilitate the clients their needs to maximize the all-fold concentration in this region for housing cyber activities – IT industries and software development. HUDA’S ROLE In all these planned development, the role of Haryana Urban Development Authority (HUDA) is most significant Gurgaon is a naturally planned town. HUDA have realized the potential of Gurgaon – as earlier small township, growing into a metro mega city and visualized it as a commercially and technically savy city to establish foundation for social commercial and industrial success, HUDA has realized that the success of town lies in the satisfaction of its people and believe in bringing them together. Keeping them in mind, HUDA has developed crèche building, schools, colleges, dispensary, hospital, community building, police station, fire station, milk booth, bus shelters, telephone exchanges, stadium, club, old age homes, golf course etc. etc. Amongst other most important Infrastructure Facilities, is the ‘ACCESS- ROADS’. Although Gurgaon as being old existing city – basic of infrastructure was available. HUDA made their upgradation developing to their excellence more feeding today major demands of growth achieved. HUDA aims at making the township of Gurgaon more easily accessible by providing long and wide roads, which are well lit. The light-post have been fixed at regular intervals. Consideration of a circular road is also under consideration. Rightly, Gurgaon roads are leading towards success. Considering “Water –inevitable source of life” – HUDA truly realizing the importance of water in all aspects of life. Consequently, a 70 km. Water channel from Sonepat to Gurgaon has been constructed which is designed to supply 100 MGD treated water capable of serving upto 16 lacs of people.

As for ‘Sewerage - which is the hygiene of Life’ HUDA has also designed a 4 zone Sewerage system to ensure hygine of community. The waste is carried through proper channels and disposed in an appropriate engineered manner. It also provides an efficient drainage system to stop the rain water from collecting in the town. It may be well said that in Gurgaon, HUDA makes the ‘Infrastructure Facilities on a Firm Footings’. As already known Haryana as a state and Gurgaon in particular is a front runner in the GREEN REVOLUTION. Despite being a commercial township, it has not forgotten the importance of nature. Accordingly, several provisions have been made to develop parks, open spaces and green belts. A park has been already developed in Sector 29, which is fully decorated with water bodies i.e. foundation etc. For all round development of Gurgaon, HUDA has not ingnored the rural population along with urban lot. The water supply, sewerage, storm water, roads, streets, bricks on edge of paving and electrification etc. are planned for the village: Jharsa, Khandsa, Sukhranli, Sarhole, Dundahera, Mulahera, Carterpuri, Gurgaon gillage, Kadipur, Kanhari, Basai, Islampur & Dhanwapur. Progress – at Glance The following land mark progress has been set forth: Water Supply : 37 Kms. T.W. : 18 Nos. Under Ground Tanks : 3 Nos. Sewerage : 80.26 Km. Storm Water : 15 Kms. Open Channel : 77 Kms. Road : 28 Kms. Brick Paving : 60950 Sq.mts. Now Gurgaon has become one of the most important corporate & industrial hubs of the country. To match with any international city of its kind, HUDA’s following projects will boast of their standards on their completion. 1.

Master Roads & Junction Leaving apart NH-8 which falls under National Highway Authority of India; HUDA has undertaken the re-carpeting work of all the master roads (which has been constructed before 1995). First 60m wide road leading to sector 55/56 from NH-8 upto DLF Golf course – work completed upto 90%. Estimated cost

:

170 crore

Mehrauli Road (approx 5 km. has been improved for eight lane road) Estimated cost : 495 crore. Beautification of Rajiv Chowk, Jhesa Chowk etc. completed.

2.

Engineering facilitation: Sewage Treatment Plant STP has been constructed near village Dhanwapur capacity of 68 MLD. Estimated cost – Rs.1100 Lacs.

Facilitation – Convenience 1.

Auditorium – cum – Convention Centre Situated in Sector 29 – Area carried out – 8.5 Acre. Seating capacity of 1200 persons fully air-conditioned. Additional conference hall of 65 persons capacity Estimated cost : 1391 lacs.

2.

Open Air Theater Situated in Sector – 29. Seating capacity Estimated cost

: :

200 persons 82.90 lacs

: :

685 sq.mtrs. 127.75 lacs

Recreational, Sports & Leisure 1.

Club Building : Area covered - 2 acres Plinth area Estimated cost

2.

Leisure Valley Park Situated in sector 29 Area covered – 25 acres Features: Decorated water bodies, rose garden ornamental trees, lights & shopping complex with restaurant – completed. In extension programme to add Musical Fountain Estimated cost : 150 lacs Central Plaza Estimated cost : 200 lacs.

Sports Complex Situated in sector 38. Area covered – 46.25 acres. a. b. c. d.

Cricket Stadium (capacity 25,000 persons) Athletic Stadium (capacity 5,000 persons) Indoor Stadium (capacity 2500 person) Swimming pool (capacity 2500 persons) + Hand Ball, Volley Ball, Basket Ball courts, + Provision of Hostel & Commercial complex

Estimated cost

:

900 lacs.

Development of Ch. Devilal Smriti Park Situated in Sector – 22 Total area of the park Estimated cost

: :

30 acres 105 lacs.

Senior Secondary School Area Plinth Area Estimated cost

: : :

5 Acres 2440 sq.mts. 110.20 lacs

College Building Situated in Sector 9 Plinth Area Estimated cost

: :

3717 198.8 lacs

Educational Situated in Sector – 43 1.

2.

Institutional 1.

Mini Secretariat Building comprising of seven storeyes & double storeys block. Estimated cost : 1300 Lacs.

2.

Rest House Building

3.

4.

Situated in Sector 15 (I) Area Plinth area Estimated cost

: : :

1960 sq.mts. 405 sq.mt. 64.65 lacs.

Modern Joint Complex Situated in village Bhondri Area Estimated cost

: :

86.00 Acres 3995 lacs

Police Station Situated in Sector - 56 Area : Estimated cost :

5.

Health Care

2.00 Acres 51.54 lacs.

1. 2.

Medicity Situated in Sector 38 Area : Hospital Building Situated in Sector 10 Capacity :

45 Acres 250 bedded.

In Gurgaon, Real Estate is looming with new buildings coming up faster, adding up featuristic and quality development. The Capital (New Delhi) based-offices as being relocated from congested and contaminated down-town area of Connaught Place, Nehru Place or Cama Place. Actively amongst participating Real Estate developers naming of afew DLF, UNITECH, Ansal Essel etc. Omaxe is also creating world class neighbourhood in Gurgaon, along with other Omaxe’s commitments (in Uttar Pradesh, Maharashtra & Punjab). Now Gurgaon has become one of the most significant corporate and industrial with excelling in the IT Industry and Software development. Supporting by creation of world-class habitational recreational and commercial facilities superior and controlled environment. Popularly known as the IT hub of India, Delhi is considered the centre for real estate transactions in India. With the increasing number of tourists and students, the real state in Delhi has become one of the sought after properties in India. Here, property transactions are made in diverse fields including flats, houses, plots, agricultural land, industrial sheds, industrial lands and residential plots. The prices of the real estate in Delhi depend upon the various factors such as location of the site, accessibility, et cetera. However, tourists look out for an accommodation that is located in proximity to the monuments, etc while business entrepreneurs look for a place which has easy accessibility. Malls and plazas in Delhi are a point of attraction. The online Delhi real estate directories are the best way to get a suitable property at affordable rate. These online directories help you out to find a particular property with your choices such as location, furnishing and many more information of their kind and help in choosing the best deal that suits the taste and the budget of the customer. With the presence of residential integrated townships, Taj Express Highway, knowledge parks, proposed international airport and railways and DMRC, the real estate market of Delhi expended far beyond the boarders of New Delhi. There are numbers of builders and developers that include Eros Builders and Developers, Gaursons India Ltd, Raheja Developers, Shipra Group of Builders and Developers, Supertech Group, Jaipuria Developers India, Ansal API, DLF, Dwarkadhis Developers, et cetera is available with diverse prime projects. The real estate news of Delhi shows that the prices of real estate have been increased incredibly in recent few years. The most expensive areas of Delhi such as Karol Bagh, Saket, Hauz Khas, Greater Kailash, South Extension, Chanakya Puri, Vasant Vihar, Defence Colony, Lodi Colony, Gol Market, Janpath and Rajendra Nagar are evidence that their price increased. The commercial properties, areas in Delhi such as Connaught Place, Barakhamba Road, Curzon Road, Janpath, Gol Market, Lodi Colony, Janak Puri, Defence Colony, Vasant Vihar, Chanakya Puri, South Extension, Greater Kailash, Hauz Khas, Saket, Karol Bagh, et cetera have become too costly in recent a few years. Martinez is currently working as an expert author for Real Estate Development in India. He

writes for real estate and real estate related matters like Real estate growth, Real estate guide, Real estate companies, Commercial Real Estate and provides advices on such issues. For more details information on Real estate investors, Real estate jobs, Real estate agencies visit

In Gurgaon, houses and hot cakes have a similarity: What's ready, sells immediately. And what's not ready has no takers. With pending residential projects nowhere near completion, buyers are opt-for readyto-move-in houses over the newly floated projects. People out to buy a home for them-selves in the Millennium City are bypassing the under-construction projects—the fates of which remain uncertain—even if it means shelling out a few more lakhs for the same property. Brokers say that two-bedroom houses are the highest in demand. But there's none available. The prices of three and Four bed room flats in DLFs Wellington, Çarlton and Princeton towers,Vipul Belmonte on the Golf Course Road, Orchid Petal, Vatika City and JMD Gardens oh Sohna Road, Wembley Estate Apartments in Rosewood City have gone up in the past few months due to the changed economic situation. Sanjay Sharma, managing director of QuBREX, a Gurgaon-based property consultancy and brokerage firm, says, "Two kinds of buyers are active thèse days. The first ones are those with budgets as low as Rs 15-20 lakh (who couldn't think of investing in a residential property) are now coming forward and investing. They are investing in the affordable housing projects." The other category is those with deep pockets but who are not ready to take a risk by going in for under-construction projects. "They are ready to shell out Rs 10-15 lakh more for a ready-to-possess house rather than waiting a year for an incomplete one,"he says. Since mid-2008, several high-end projeets such DLF's Belaire (was supposed to be ready by August) and Park Place (was supposed to be ready by October), Ansals Ghata Plots (Sushant Lok 4), Vatika Plots near Haldiram, Unitech Uniworld Resorts, Besteche Parkview Spa, Vipul Tatvam Villas, Central Park 2, Ansals' Palam Vihar Apartments and Ramprastha Plots have been delayed by over one to two years.

Experts say, ready-to-move in properties have always been in demand with buyers as thèse reduce the time lag of possession, decrease the interest cost and lowers the component of their salaries going towards housing need (a person would no more pay a rent and an EMI for two different properties simultaneously) and mitigates their concerns of timely possession. The Haryana Urban Development Authority (HUDA) has framed a policy for low cost and affordable housing projects with an objective to provide affordable dwelling units to people belonging to lower and middle-income category. While stating this here recently, a spokesperson for the authority said the other aim of framing this policy was to mitigate the shortage of dwelling units and to help every family to own a house or a flat in the state. He said the scheme would be allowed only in the residential zone. The minimum area requirement would be 10 acres in the hyper or high potential zone and 5 acres in the medium or low potential zone. The said housing would be allowed in 10 per cent area in each sector over and above 20 per cent sector area earmarked for group housing colony.

Elaborating about the basic parameters of the policy, he said minimum size of Economically Weaker Section (EWS) flat would not be less than 25 sq mts (carpet area) and for affordable unit, it would not be less than 48 sq mts (carpet area). He said the selling price of the flat would not exceed Rs 4 lakh per dwelling unit for lowcost housing project and for dwelling units constructed under affordable housing category, the cost would not exceed Rs 16 lakh for Gurgaon-Manesar Urban Complex, Rs 14 lakh in the Periphery Controlled Area Panchkula Faridabad-Ballabgarh Complex Development Plan and Rs 12.50 lakh for the rest of the towns of the state. Here is a great opportunity for those who could not afford their dream house in Gurgaon because of the sky-high prices being offered by private developers. Under its new `Low-Cost and Affordable Housing policy', the Haryana government has not only allowed private developers to construct a greater number of apartments per acre of land, but also has fixed a price cap of Rs four lakh and Rs 16 lakh for the 25 sq m (270 sq ft) and 48 sq metre (516 sq ft) flats.

The area refers to carpet area. The market price for a 25 sq metre apartment in Gurgaon should be around Rs 10-12 lakh and Rs 18-22 lakh for 48 sq m flat. Developers would be allowed to charge not more than Rs 14 lakh in cities such as Panchkula, Faridabad and Ballabgarh and Rs 12.5 lakh for the rest of the towns of the state for each 48 sq metre flat. According to officials of town & country planning department, thedeveloperswouldberequired to construct 48 sq metre flats on 85 per cent of the plot of the land and low-cost 25 sq metre apartments would be constructed at the balance 15 per cent land. The developer would now be able to construct 128 apartments as against the earlier norm of 50 apartments maximum.

"The low-cost apartment would be for the people falling in the below poverty line (BPL) bracket while preference would be given to the Haryana domicilesandClassIIIandIVemployees for the affordable units of 48 sq metres," said a government official who did not want to be identified as he is not authorised to speak with media. "The general public could also apply for these apartments and allotment would be carried out through draw of lots." Navin Raheja, chief managing director, Raheja Group said his company would be constructing 6500 apartments on a plot on Sohna road and would sell 48 sq meter apartments for Rs 14 Lakh--Rs 2 lakh less than the ceiling price. Officials said flats allotted under this scheme would be prohibitedfortransferorfurthersale up to five years after getting the possession of the flat. Breach of this would attract, penalty equivalent to 100percent of the selling price of the flat.

Stamp Duty Made Easy By Haryana Govt In a move to bring relief to property buyers and make transactions hassle-free, Haryana government has introduced a people-friendly scheme for depositing stamp duty at State Bank of India counters by substituting stamp papers. State revenue secretary Urvashi Gulati says that under the new scheme, an executant will have to deposit the amount of stamp duty at authorized counters of SBI branches after filling the requisite challan form in triplicate. The bank will then issue a receipt on specially designed security paper, duly signed by an authorized officer for the amount deposited. The bank would charge nominal service charges ranging between Rs 20 and Rs 1,000 based on the value of stamp duty leviable, she added. Gulati says the depositor has to then paste this receipt on the deed that is to be produced for registration and present the same before a competent authority where the registration officer would accept the document after verifying the deposit of stamp duty from SBI over internet. Presently, stamp papers worth up to Rs 10,000 can be purchased from stamp vendors. If the stamp papers required are over Rs 10,000, the executants have to purchase the stamp paper from the state treasury. Under the present system, the executant has to shuttle between the treasury, treasury banks and tehsil offices many times while executing a transaction. The instruments cannot be prepared and executed by an executant on a plain paper in the absence of a stamp paper.