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Real Estate Analysis
Luxury Apartments in India, Real Estate Analysis Gurgaon
 
Greater Gurgaon: From Village (Guru Gram) to Global Megalopolis

Gurgaon, has seen rapid and very planned development in the past ten years. Today, ‘Gurgaon’ stands as a ‘role model’ of any city development. Situated in the N.C.R. region this city touches the boundaries of Delhi and Rajasthan, thus becomes very strategically located.

With opening up of the economy and many new companies coming in, there has been a major hunt for office and consequently also good quality residential space. The demand has been high and supply of land in Delhi has been a limiting factor, forcing people to hunt for real estate in areas adjacent to Delhi. Concept of NCR(National Capital Region) came up as a result. All development companies are focusing today on Gurgaon.

Today we see an exodus of Corporates from Delhi and no prizes for guessing where they are shifting their base to – Gurgaon. They are flocking to swanky commercial complexes that are dotting the skyline of Gurgaon. Another sweetener for MNCs is that they are finding adequate and good quality HOUSING facilities with international standards.

The following are the chief reasons why we feel that Gurgaon and areas South of Gurgaon like Manesar, Bhiwadi, Neemrana etc are going to be THE place to be based in. We will also like to explain why we feel that this area is potentially the smartest destination for investments in realty today in India.

 

Connectivity, Connectivity and Connectivity

The most basic requirement for development is good connectivity and Gurgaon is looking up on the connectivity index.

a. Road connectivity: Apart from the existing 2 road connections between Delhi & Gurgaon, there are four new road links on the anvil
- 150 meter wide road between Nelson Mandela Marg and DLF Phase 3.
- Another 150 meter wide road between Andheria Morh and Gurgaon-Faridabad Road.
- A 75-meter road between Dwarka Town and Palam Vihar.
- Super Ring Road : Western expressway running through Gurgaon/Manesar, Sonipat, Faridabad, Palwal, Ballabhgarh, Jhajjar, Noida, Greater Noida and Ghaziabad.

b. Metro connectivity: Connectivity with Delhi would leapfrog with the linkage of Delhi Metro with Gurgaon. The current proposed route is the Mehrauli route, however there might be a second metro point via Palam Vihar. The second metro route is expected to go upto Manesar.

c. Railway station in Palam Vihar.

d. New cargo airport coming in RIL SEZ.

Mind-boggling Infrastructural Plans

Local infrastructural development is seeming to be unending. Sample the following:
a. Captive power plants proposed by various players like DLF etc.
b. SEZs: see box below
c. Japanese city over an area of 2,000 acres to take care of investments from Japan being built by Mitsui.
d. Medicity being developed by famous Heart surgeon Dr. Naresh Trehan alongwith few partners. The aim is to target medical tourism with world class infrastructure:

- More than 3,000 beds in premium organized private medical sector up from 150 beds on the anvil
- Umkal group planning to invest 225 crores in 2 hospitals.
- Suzuki is going to set up a 500 acre plant in manesar.
- Loads of 5 star hotels are also coming up.
- Commercial areas like Times Square in sector 29 will be coming up.
- Administration making plans to proactively tackle all current infrastructural related problems like building wider roads, more green belts, more power, adequate water supply etc.
 
Investing in Momentum

Office space absorption in Gurgaon comparable with international standards. 70% of total absorption in commercial office space in NCR happening in Gurgaon.

 
 
  Special Feature

SEZ: The Future of Gurgaon
  • 30 applications for starting SEZs are under consideration before the board of approval. In most cases in principle approval has been granted.
  • These 30 SEZ will see combined investments of over Rs.1,20,000 crores.
  • 16 of these SEZa focused on IT/ITes.
  • Direct and indirect employment expected to more than 10 lakh people. Job market will grow in leaps and bounds.
  • Reliance SEZ alone will be covering an area of 25,000 hectares. The site has been finalized jointly by HSIIDC and RVL.
  • SEZa are expected to rake in revenues of over Rs. 20,000 crores in 10 years. HSIIDC being a 10% stake holder will plough its profit to further development.
 
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