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, Gurgaon Property Consultant

Investors move to Manesar the “New Gurgaon”

Once Gurgaon was considered to be a small & sleepy small township, on the outskirts of the National capital city of New Delhi.

However in last two decades, it became a favorite destination for MNCs, IT/ITES, because of the city’s close proximity to Domestic/International Airport & quality of real estate development by companies like DLF/Unitech coupled with encouraging government policies thus, it has witnessed a major real estate boom for the last few decades.

In the beginning the real state growth ,though rapid yet consistent, were the Developers delivered the quality project {Both Residential & Commercial}in a time bound schedule.

Everything went well, till the time the real estate Gurgaon ,caught sight of the greed of Investors/ Overnight born builders, who are looking forward to dig high profits, and considering the high purchasing power of existing population of city, the Builders / Brokers have given a puffy boost to the real estate prices in Gurgaon ,leaving no place for actual user or a common man. Some of the Builders in Gurgaon have driven the real estate prices to suicidal heights damaging the “real estate segment” itself, as this unreasonable & exorbitant price rise will kill the demand.

It is felt that considering the present real estate scenario, the actual user/ investor are moving towards IMT Manesar , which is just 15-16 away from Rajiv Chowk /Mini Secretariat of Gurgaon.

Despite the fact, that IMT Manesar enjoys the advantage of being on NH-8 ,it is also observed that several housing project are already coming up were builders like DLF have already initiated the construction of affordable housing.

Moreover the progress of Manesar is supported by several housing project of HUDA Sectors in the neighborhood, covered under Master Plan2021.As a result Manesar & its neighborhood is now being termed as “New Gurgaon”
The fast growing visible in and around progress & DMRC proposed Metro project further strengthens the investor’s confidence.

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, Gurgaon Property Expert and Consultant

Although it has been tough fight, to retain Congress Government, yet the party has paved its way to retain majority.

Considering the Lok sabha election 2009, a clean sweep was expected by majority of congress men, but sudden strong emergence of INLD, proves the strength of Democracy in India.

In a way all that happened seems to be a right for the people of Haryana as with this marginal success, the congress party, as it forms the Government would be extra careful in making decisions for the progress & benefit of the state.

Moreover Real Estate scenario would improve further as:

• The Government gets the strength of continuity in its existing rural & urban housing & infrastructure programs.
• A stable Government can ensure of better law & order, resulting into manifold economic growth.
• A fairly strong opposition, with positive contribution, can help the Government as, in “corrective measures”

We all hope of a better future in the hands of our elected, responsible & progressive members.

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.

Vikas Rikhye, Gurgaon Property Expert and Consultant

IMT Manesar which is a fast growing township, situated on NH-8 at a distance of approximately 15KM from Rajiv Chowk Gurgaon.

In the recent past the Town-ship managed by HSIDC has gained popularity because of tremendous industrial growth it has shown, supported by companies like Honda Scooters & Motorcycles, Denso, Mitsubishi ,Videocon, Motorola , Baxter India etc.

According to sources it is understood that over 1,00,000 persons travel every working day either for business or work.

The residential real estate scenario is also showing a rapid growth besides the fact that HSIDC has a niche for over 500 residential plots & 50 group housing societies, at the same time some of the prominent builders have announced their forthcoming projects, in and around Manesar giving it a name of “New Gurgaon”.

All as afore-mentioned is the pleasing picture of IMT Manesar.

As one drives down from the flyover of Rajive chowk, it is the beginning of traffic jams at every crossing with U turn or otherwise at each intersection of the road, that connects to a village or locality.

On NH-8 just 7.5 km is the “Toll Barrier” where the toll fee, for using expressway is Rs.23/= {Twenty Three one way}Witnessing long undisciplined long queues, getting in wrong lanes is a common scene.

Just after crossing 2.km the Journey of traffic jams restarts in more aggressive fashion, a mix of Tractors /Trolleys, Huge Trawlers , Cars , Two Wheelers , Bicycles & Pedestrians coming on the expressway from all directions in a most undisciplined way creates chaos all around on the road & absence of traffic personals adds to it.

Wrong side driving in a race to come out of the jam, has become has become a common feature, that adds fuel to the fire & makes the situation worst.

After paying a toll tax of Rs 23/= {single way}the hope of comfortable drive shatters, it rather makes the journey painful & digesting for almost one hour { for 15 km distance}, which in normal course should not have taken 15minutes.

On the way back the situation is the same despite the fact that again for return journey the same amount of toll tax has been charged.

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}

One of the basic needs of man is a roof over his head, and perhaps this is why we make a great deal of fuss over home ownership. When you have a house to come home to, when you’re able to pay your mortgage without too much difficulty, life certainly seems good. But there are those who have to look for rental options from time to time, either for personal or work-related reasons. And when such needs arise, a serviced apartment is worth much more than just any rental accommodation option, because:

• It feels like home: When you’re a corporate employee who is always on the move, you tend to rely on the tired of living in hotel rooms all the time. And this makes serviced apartments a boon to the weary traveler, especially if you have to stay for a certain period of time in locations of work. The extended period of stay makes hotel rooms an expensive proposition, whereas serviced apartments come with all the comforts of home. You can even bring your family to stay with you, thus saving yourself from coming home to an empty hotel room at the end of a long and tiring day.

• It is cost-effective: When you rent a serviced apartment, you can cook your own meals, even if they are simple ones like a bowl of cereal or eggs and toast for breakfast. You save a ton of money on food bills at restaurants and other miscellaneous expenses spent on snacks and drinks. You don’t feel like a stranger in a new place when you’re enjoying home-cooked meals in your own place. And with no room service to depend on, you cut back on the tips you have to shell out too.

• It comes fully furnished: Serviced apartments are better and more advantageous than a normal rented apartment or condo because they come fully furnished. This means you don’t have to waste time and money in looking for and equipping the place with appliances and furniture. Most serviced apartments come with basic necessities like a television, refrigerator, utensils and other knickknacks that you need for day-to-day life.

• You can entertain friends and colleagues: Serviced apartments allow you to play host to friends and colleagues even in strange locations. You are not cramped for space like in a hotel room and this means that you are free to enjoy social visits with your friends. A serviced apartment also offers more privacy and comfort than a hotel room.

When looking for a serviced apartment, check out the locality and costs before you sign on the dotted line. Ask the right questions so that you’re able to find the right temporary home for you.

By-line:

This guest article was written by Adrienne Carlson, who regularly writes on the topic of construction management degrees . Adrienne welcomes your comments and questions at her email address: adrienne.carlson83@yahoo.com

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: