Vikas Rikhye, Real Estate Promoter and Blogger

In the recent past the Fast Growing Township of New Gurgaon has witnessed a
Massive growth in housing sector.

The well established real estate companies like DLF & Unitech have launched and delivered prestigious residential project. Comparatively new entrants like Bestech,Omaxe, Parsavnath Raheja & others got an opportunity to prove their competence.

All this as stated above “Township of New Gurgaon” came in to a light as a very
strong investment destination.

As it would have resulted, the investment wave in Gurgaon ,became stronger and stronger and the Secondary market shot up sky high. With all this , the basic participants in real estate game like Builders, Brokers & Investors found themselves in a Win - Win situation.

Yet there was another Important Segment of Actual-User, who had missed the boat due to unexpected increase in Real estate prices, was still awaiting an affordable housing solution.

The announcement of Master Plan 2021, gave a sigh of relief to this Important Segment of Actual-Users .But at same time it gave opportunity to many New Player to enter the real estate Game.

And now an interesting/ uninteresting era starts:

As many of The new Players started advertising launch of their new projects with luring advertisements & Broker incentives.

It has been observed by many real - estate experts that some of the projects falling in Master Plan 2021 are being launched ,where at present the basic infrastructure like roads, water, sever, provision for required Power etc. is missing.

While some of the Promoters are asking for 25% of the amount within in 45 days of booking & balance is construction linked . Even we feel every thing in fairness, yet, it raises following queries in mind:
• What is the reliability level of “Unheard of as Builders”
• Transparency level of commitments.
• Experience for delivering committed project .( for those who have not delivered any Project in the past )
• Inventor’s Risk coverage.

For a while let us be Optimist that in all the fairness the project is delivered , Yet another question mark nags the mind that will there be basic infrastructure like roads, water, sever, provision for required Power etc. where presently nothing is visible on the ground except open fields & in some cases abandoned uneven patches of land.

Will somebody guide me to clear my doubt as well of others who agree with as stated above.

Vikas Rikhye,Real Estate Blogger

This time we are not taking about Sky high real estate prices or inflation in Gurgaon ,but sky high forthcoming buildings in Gurgaon.It is understood from authentic sources that Haryana Urban Development Authority (HUDA) has removed height restriction for all future group housing & Commercial projects in the new sectors that are a part of Gurgaon Master Plan 2021.

According to the sources, the height limit till now was 90 meters. However, the Builders/ Developer aspiring for skyscrapers will have to take permission from other competent authorities like Airport Authority of India, Fire Authorities and other government bodies, governing Safety Rules.

It is further understood from the sources that this policy has been framed , keeping in mind the National Building Code (Part-4) that allows the removal of height restrictions on the buildings if the modern / latest technologies are used for structural design & fire fighting.

The news seems to be very encouraging & interesting, but, it raises in mind, a big Question Mark, that:
Will the present infrastructure in Gurgaon , be able to take the load of this Unexpected growth ?

Mr. Vikas Rikhye,Realtor and Real Estate Blogger

Will the Dreams really come true…………………….

The master plan 2021 has earmarked 58 new Sectors covering over 14500 hectares of land as Residential Zone which includes a very large segment for Malls and commercial space.

There is a wave of happiness & prosperity with the implementation of Gurgaon master Plan 2021 as the original land owners are the 1st beneficiaries to get the best prices for their land from private Builders & Promoters thus bringing them prosperity overnight resulting into Swanky Cars parked in place of cattle & cows.

The common man for a with a ray of hope is looking for a niche in this Master Plan to own a small dwelling unit for his dreams to come true.

The Private Builders can envisage a heavy windfall of profit arising out of land acquired by them at right moment and the right time, as they are already being offered more than 10 times of their purchase price by the New Players in the Market.

According to sources, Group housing projects with total area of more than 490 acres have been granted licenses & hundreds of Licences are awaiting approval ,where some of them have been issued letter of intent (LOI).The sources add that more than 600 licences are including commercial projects, are under consideration.

*Some of the private builders and promoters have already started booking Apartments with a Price Tag of 2300-4500 plus per sq.ft.( the hidden cost of Car Parking ,PLCs etc being extra. On visiting the sites , there are no encouraging signs of developing the Basic infrastructure .

The existing Township of Modern Gurgaon is suffering from acute shortage of Power Supply & lack of Basic infrastructure having Sky High prices beyond the reach of a common man.

A common man still hopes for a small dwelling unit for his dream to come true………?