Vikas Rikhye, Gurgaon Real Estate Consultant

Real estate Investment: Present Real estate Scenario

                                                                                      Message

From the Author’s Desk

First of all I would like to thank all the visitors / viewers to the site www.vikasrikhye.com

Besides the fact that the site www.vikasrikhye.com is getting increasingly popular ,it also is observed that this site has gained the patronage, from the NRIs & Corporate world.

Having received numerous phone calls & emails from the viewers/visitors to the site has no only encouraged me to share my knowledge with community but it has given me satisfaction of being a useful member of society.

In this message I would also like to give a brief introduction about myself:

” I Vikas Rikhye have been in the field of marketing and sales for over 30 years .I have been associated with Real Estate Sector for about 15 years, maintaining the professional norms of ethics & transparency in my commitments and service.

Being a dedicated Rotarian, as a member of Rotary International, I served President of the Rotary club of Gurgaon South City {1999-2000}.

Keeping in mind RI {Rotary International} slogan “Service above self“, I decided to write articles on Real Estate, to share my knowledge in this field, as well as, to initiate a drive to create awareness in a field, where most of us invest our life time earnings.”

In this message I invite real estate experts & real estate journalists to join hands with me, as “Guest author” to give their experiences and views in the form of their Article which can be shared by other members of community as a guidance.

I also request the visitors & viewers to send us their view / experience and observation of the present real estate scenario of Gurgaon ,that can be shared by others as well ,to eradicate the evils of real estate for a better future.

Vikas Rikhye, Real Estate Gurgaon Consultant

IMT Manesar situated on NH-8, approximately 16-18 Km from Gurgaon, is likely to be the future I.T .Hub of “New Gurgaon”.

The “Industrial model township of Mansar” a very well planned township promoted by HSIDC, meets international standards & is already being patronized by companies like Honda Motorcycles& Sooters India,Hero Motors Limited,Samsung Telecommunications,Denso Haryana,Maruti Suzuki,Baxter India,Mistibushi Electricals & many more of international repute.

Considering the potential & future growth, under campus development scheme,“Haryana Industrial and infrastructure Development corporation” {HSIIDC} had initiated to develop a technology park for “Information & Technology” in sector -8 Manesar, & permission was granted to about a dozen of companies as under:

1. Anant Raj Industries Limited
2. Vigneshwara Devalopers Pvt.ltd
3. HCL Technoparks Limited
4. A.N. Buildwell {P} Ltd
5. Primerose Projects {P} Ltd.
6. Arora Udyog Limited
7. Sapoorji Palloonji and co. Ltd.
8. Rishiraj Realtors {P} Ltd.
9. Sofed Retailers {P} Ltd
10. Agilent Technologies
11. Galileo India {P} Ltd

With 10{Ten} Acres of land was allotted to each, following the policy, 11 planned towering structures would come up in one campus with a permission to raise 15 storied buildings of maximum height.

It is understood from sources that under the current policy the companies have been allowed to construct the residential facilities on 10% of area & 4% of area for commercial purpose with 2% for recreational use as to make it self contained complex for the employees.

The complete progress is being monitored by a high level committee to closely monitor the work in progress.

On a recent visit to the site the author witnessed a remarkable progress on the construction sites of Anantraj & Agilent Technologies while others are also striving hard to meet the targeted dates { To be continued………………..as Manesar Part -4}

{E.&.O.E}

Visitors/ Viewers to this site are requested to report an “Error” if any, in the form of comments/ correction/addition/deletion if any to improve the Article, to be shared by all.

Vikas Rikhye, Real Estate Gurgaon Consultant and Blogger

As in my previous article Manesar [Part-1 dated 16th October 2009}, I had given a brief introduction about fast growing Industrial Model Township of Manesar. I had also mentioned in aforesaid article that IMT Manesar, has been rated amongst the top investment destination in India.

According to Real Estate experts, rising demand for property itself speaks for the massive growth in this township.For its being increasingly favorite of investors ,the following seem to be the basic reasons:

Proven Record consistent Growth : HSIDC managed township IMT Manesar has ready a proven record of consistency in planned & balanced growth.

Integrated Township: A Very well planned Industrial township is an example of vision of future growth in infrastructure related fields including:
-Housing
-Education
-Healthcare
-Shopping & Entertainment etc.

Planned Connectivity: With existing strategic location on NH-8 and forthcoming commissioning of KMP expressway by 2010,would elevate connectivity of Manesar countrywide. Proposed DMRC Metro link by 2014 would further improve the connectivity scenario

Environment friendly: With pollution free industry & retaining green zone have all planned efforts of been made to give continued effect greenery

Affordable Housing: While HSIDC has developed a sector with over 500 residential plots & 50 group housing societies at the same time some of the prominent builders are coming up with their forthcoming projects of affordable housing.

Emerging of Three five star hotels, Resorts, Institutions & Healthcare Hospital matching international standards add to the evidence of prosperity & growth.

Because of well planed & consistent all-around growth, this fastest growing township has suddenly becoming a favorite destination of Investors & Actual users.

According to the sources the floating population of Manesar is approximately 100,000 & by the year 2021 it is expected to be a Township of 35,00,000 {with in its vicinity & Neighborhood} provision of the growth is planned and is in progress.

With recent findings & a recent study of the real estate market, Manesar is listed among top prospective investment locations in India

Industrial Growth: Having a recorded growth where internationally known companies like Honda Scooters & Motorcycles, Denso ,Norcool , Mitsubishi , Videocon, Motorola , Baxter India were among the pioneers to start their operations. Impressed with overall balanced growth, global investor started pouring huge investments. Sector-8 of Manesar has emerged as a next generation IT- ITes Destination. While the importance of IMT Manesar started with commencement of Honda automobile factory & now currently over 500 units function in the township.

Business Environment & infrastructure: Designed as independent industrial town, Manesar, has all the basic infrastructure matching international standards.

• Well planed/designed/maintained Roads within the Township.
• Hi-Tech communication systems.
• A well planned Power & water supply.
• Grade- A connectivity to IGI Airport/ Delhi & Gurgaon { Expected to improve further with Delhi-Metro proposed link & with commissioning of KMP Expressway }
• Banks, Hotels, Golf Course , Helipad in the vicinity.

Residential Real Estate Growth: While within Manesar a remarkable efforts in developing residential properties by HIDC have been recorded, at the same time it has been noticed that builders like DLF, Unitech, Abw & Vatika etc have already reserved the space for their forthcoming projects.

In the existing scene the development can be witnessed as:

• Fully developed infrastructure in Sector-1, with construction of Bungalows in progress
• A large number of Group housing projects in Progress {nearing completion}
• Construction of Residential Apartments, Hotels, Shopping Malls ,Service Apartments in Progress {nearing completion}

The visual rapid growth in the township has inviting vibes for investors…as it seems.

IMT Manesar ………… New Gurgaon to be continued as { Part-2}

In “Master plan Gurgaon 2021″ there has been the announcement of 56 new sectors, whereas the basic infrastructure in the existing sectors,{ announced several years ago} has not been fully completed.

With the aforementioned reasons, real estate scenario in Gurgan getting much confusing, as some of the prominent builders as well as new players have announced the projects in the sectors with their signboards amidst of “lush green field “{ without road & proper accessibility } displaying the “Promised Dream comforts”, where the signs of **basic infrastructure are not at all visible.

**{Basic Infrastructure include - Roads- Drinking water- Electricity- Sever disposal -Rain water/storm water disposal- Greenery & Plantation-Shopping& market}

Since most of the “New Projects” are being announced in new sectors as covered in master plan 2021, where presently no signs of development ,therefore, several doubts haunt one’s mind as:

Time Frame of Basic Infrastructure

• Commutable Roads with proper electrification
• Availability of drinking water
• Availability of Electricity [ From Electricity Department}
• Connectivity of Sewer connection with major drain as per Town planning norms
• Rain water/ Storm water Deposal as per Town planning norms
• Horticulture/Plantation and Parks
• Connectivity to Shopping/Healthcare/ Schools etc

As the real estate in Gurgaon has taken a positive turn, it is quite obvious to see the buyers enthusiasm. But a major cause of worry is that the over enthusiastic ones, may not land into a mess, therefore, it is imperative on the part of investor to check the facts about the project before investment. Lured with low “Basic Price” and discounts offered, the buyer gets tempted to put their hard money at a stake.

Mr Vikas Rikhye, Gurgaon Property Consultant

The owners of “Independent floors in Gurgaon” had a sigh of relief, with the news that “Government of Haryana ,has finally allowed the Registration of Independent Floors”

It is understood from the sources that on Monday evening, the Haryana cabinet gave its consent to amendment in the act related to the Registration of Independent floors. It is further understood that fresh notification in this context would be issued within a week’s time.

Besides the relief to the existing owners of Independent floors, this news also gave a boost to the confidence of prospective investors of Independent Builder floors.

It has been a good beginning for Builders & Developers who have recently been promoting the concept of Independent Floors in Gurgaon

For further details please fill the enquiry form:

Besides having the strength of highly competent professionals in respective fields, it also holds reserves of a large land bank .Presently & in past “Roots Developers” have been associated closely with companies like Unitech, Vipul, Bestech & other reputed builders in Gurgaon.

The Independent Builder floors on Sohna Road Gurgaon have the following features:

• Affordable Homes
• Part of approved project with township license & zoning
• Excellent Space management
• European style Elevation

• Specifications matching modern standards
• Gated complex with 100%Security
• Power Back up
• Ground Floor + 2 only
• Very close proximity to Malls on Sohna Road
• Daily needs at door step
• On existing route of all major school buses
• Close proximity to future proposed Metro Station.
• Bank Loan process initiated
• Plot Sizes -275 & 360 yds
• Floor Area - 1431 sq.ft & 1851 sq.ft.

Proposed layout plans of different plot sizes are as under:

For Original Booking of Independent Builder Floors and to Avail Inaugral discount please contact:

Co-ordinators: 9811081078 , 9811181953 , 9999517569

#1- Shopping Complex, Park View City-1 Sohna Road Gurgaon 122018 email:  rikhyev@hotmail.com, realestategurgaon@hotmail.com

Enquiry Form for Independent Floors in Gurgaon:

 

1.Real Estate business & construction of Group Housing projects, commercial complexes and plotted
colonies with Builders like UNITECH, VIPUL, BESTECH.

2.Construction & infrastructure development in roads, highways and flyovers.

3.Manufacturing of Ready Mix Concrete in the NCR.

4.Mining & Manufacturing of Aggregates.

FEATURES:

• Distance from Sohna-Gurgaon Road - 100 mtr, walking distance from main Sohna Road
• Gated complex with Security & Power Back-Up
• In the middle of three developed project i.e Eldeco Mansion, Vipul Green & Vipul World Township
• Low Maintenance cost
• Prime Developed Location with all amenities like Roads, Sewage, Electricity & Water
• Part of approved project with township license & zoning
• European style Elevation
• Opposite to Omaxe Mall, Sohna Road
• Plot Sizes -240, 275 & 360 sq yds
• Floor Area - 1251 sq.ft, 1431 sq.ft & 1851 sq.ft
• Floor Type - 3 BHK & 4 BHK +SQ
• Just 18 minutes drive to Delhi International Airport
• Located 1 km from Proposed Metro Station
• Easy access from Express Highway to the city areas and city center
• Free Single car parking with each flat
• No PLC on any flat
• Internal roads -12 meter

Possession Time - 22 months only

Enquiry form for Independent Floors in Gurgaon

For Original Booking of Independent Builder Floors and to Avail Inaugral discount please contact:

Co-ordinators: 9811081078 , 9811181953 , 9999517569
#1- Shopping Complex, Park View City-1 Sohna Road Gurgaon 122018 email: rikhyev@hotmail.com ,
realestategurgaon@hotmail.com .

Vikas Rikhye, Blogger and Gurgaon Property Consultant and Expert

“Housing Loan in India”

With global slow down & economic recession the real estate in India had experienced a downward trend. Although in the recent past there has been positive correction to the tune of 20-25% + , but this does not seem to be enough to build the actual user’s confidence to invest in the housing sector. A stable government in the centre definitely provided a sigh of relief, but all the hope is focused on the Budget 2009-2010.

It is expected that Budget 2009-2010 may provide cheaper housing loan, more income tax rebates on interest payment.

It is suggested that considering housing as basic need, the housing loans should be made available at 5-6%, while for economically weaker sections the interest rate should be reduced further to 2-3%.It would be much appreciated, if the government considers to increase the income tax exception slab for interest payment on housing loan to 2.5 lakh. A hike in standard deduction on rental -housing may bring relief to concerned segment of society.

Moreover, as housing being in priority sector, the government should consider it to be a part of infrastructure development & provide to the real estate developers with incentives to increase the investments in real estate to achieve the social commitment of “Affordable Homes “.

In the opinion of some experts that since the real estate sector has been worst hit, therefore, the recovery process would be much faster, if there is a boost in the housing sector & growth would automatically follow in commercial & retail segment.

A moral responsibility demands from the builders & developers, a commitment, to deliver Affordable Housing by reducing their profit margins.

Even a best government in the world can not give desired results for the benefit of masses unless there is a “commitment of support” , by all concerned agencies involved…

Keeping in mind “Economic growth with social justice” in housing sector. the gap between “have & have not” should reduce to 0%

Let us hope that soon, we achieve the dream target of Affordable Home for every one in “Our Shining India”

Vikas Rikhye, Real Estate Blogger and Gurgaon Property Expert

This is a guest post by Mr. Saurabh Dhawan of India Medi Treat. You can get in touch with him at saurabh [dot] 3767 [at] gmail [dot] com.

Growing demand of Studio Apartments in Gurgaon ,calls the attention of Prominent Builders in Gurgaon to cater the needs of this segment of Affordable housing.

“A Studio Apartment also known as a Studio Flat is a self contained spacious room consisting of a living and sleeping area having an advantage of kitchenette & attached bath, is considered as efficient apartment, designed as a residence of one or two persons”

The Studio Apartments have the following distinct be:

• Like minded Community living
• Space/ cost effective
• Low maintenance cost
• Secondary property for short/long visits

The concept of Studio Apartment is picking up very fast amongst the following:

• Working women
• Students
• Middle cadre Single executives
• NRIs [Secondary property for short/long visits]

To invest in Studio apartments, it is becoming a favorite option for investors who wish to make small investment in residential property, for rental returns.

Since Unitech and DLF are the “Trend Setters” & if they take an initiative of introducing Studio Apartments in their future projects, that will not only help in meeting the existing demand, but it would also motivate other developers in the market to Follow the set trend to meet the increasing demand of future as well.

A sizable inflow of Studio Apartments, would give a big respite to the existing & Future demand in segment of Affordable housing.