Vikas Rikhye, Ph. No. 9811081078

A project for those who live in luxury & continue to live in exclusive luxury….

The Hibiscus a Prestigious residential project of Gurgaon , meticulously designed for the elite of society, is ideally located on “Hibiscus Avenue” in Mayfield Gardens, Gurgaon.

It is a blend of Luxury Apartments, Pool Houses & Exclusive villas where the Lifestyle is beyond the words of luxurious living.

The author had an exclusive interview with Vice President., Mr.Neeraj Bhalla ,who was confident of delivering this “Life Style Living” in next twelve months. Mr. Bhalla added that “We don’t only sell the property, we also offer likeminded neighborhood”.It is understood that most of the Sales have been conducted by invitation. The coterie of clients include corporate heads of Multinational companies & celebrities who have been inviting their friends & relations to be a part of “Hibiscus environs”

While Hibiscus was on success ladder, the dedicated marketing support of Real estate Aces like Mr.Ajit Sareen & Mr.Sndeep Chadda added “feather in the cap” of its success.

An area of 14 Acres of land which could take over 500 apartments was redesigned for exclusive life style of about 260 selects.

It was astonishing to know from Mr.Bhalla ,that the quality control & day to day progress of the project, is personally supervised at the site by The CMD & Executive Director, religiously every morning at sharp 9.30 AM.

Although more than 80% units are already opted ,however, a few apartments, A number of Penthouses , Villas are available for “Life style Admirers” to be the Jewels in “Hibiscus Crown”

Concluding , the author is reminded of a saying by a celebrity “Successful people do not do different things but they do it differently”

Vikas Rikhye, Ph No 9811081078

The Hibiscus a prestigious residential project in Gurgaon in the vicinity of Nirvana Country adjacent to forthcoming Hotel Hilton & in a very close proximity to Medicity, Artemis hospital, Amity International School and many other prominent buildings in the neighborhood.

The Hibiscus location advantage adds to its connectivity features as it is accessible to NH-8,MG Road,`Sohna Road within a radius of 3 km.

Promoted by SS Group “The Hibiscus” is designed meticulously to give the eco-friendly lifestyle. It offers a choice of 3-4 Bedroom Apartments, Penthouses & Independent Villas. With the contemporary & modern suitable effects “The Hibiscus” has become most sought after destination of residence for the corporate world.

Mr. Vikas Rikhye, Ph No: 9811081078

While India is undergoing a massive progress in infrastructure development, resulting into overall progress in surface network of Roads & Expressways ,through out the country. KMP Expressway (”Kundli-Manesar-Palwal Expressway”) is one of the prestigious project in Haryana, connecting Kundli, Manesar & Palwal,the, 135.6 km long . KMP Expressway is likely become operational by 2012.

It is understood that s 135.6 km long stretch is divided into three parts of 45 km each. having three major camps at Kundli, Manesar and Palwal & will be supported by three ancillary camps planned at Jassoure Kheri, Badli and Taoru.and expressway will cross national highways, NH-1 near Kundli, NH-10 at Bahadurgarh, NH-8 near Manear and NH-2 at Palwal having a planning of four flyover at places where the expressway will cross national highways.

It would have About 16 overpasses and underpasses at crossings on state highways and major district roads. It is also planned to have more than 32 agricultural vehicular underpasses, over 30 of cattle crossings including 60-61 pedestrian crossings passages.

A very careful planning has been done by the way of under & over passes to maintain the connectivity of villages on both sides of the Expressway. The location of on route railway over bridges, drainage works etc. have been meticulously planned.

According to sources, it is understood that over 2 Kilometer belt on either side would be treated as controlled area, while at the same time the local land owners having 50 Acres of land in the amenity zone of KMP may be permitted {within the frame work rules} to take up the projects like Amusement Parks, Golf courses & logistic parks.

It is also understood` from reliable sources that in coming year, there is a planning to develop commercial Theme townships along this 135 km stretch. These theme townships like Fashion City, Cyber city, Medicity etc .would be supported by well planned residential areas matching International standards. Besides the visible planning , there seem to be lot more of progressive plans in process of planning.

The progressive project of “Kundli-Manesar-Palwal Expressway” would not only, improve the traffic conditions in Delhi and Gurgaon as it will decongest the vehicular traffic of Trucks, Buses & other long distance vehicles but it would reduce the distance of various destinations in Northern India, it being a “important connectivity link between” them.

It is obvious fact that with this progressive growth would boost the confidence of investors, as the “Investor lobby” has already activated its sourcing activities for spotting strategic sites for Hotels ,Motels ,Warehouses,Golf Coerces & other recreational and commercial projects, in the vicinity of KMP Expressway(Kundli-Manesar-Palwal Expressway).

Seeing the future requirements in warehousing sector, ambitious & foresighted entrepreneurs /organizations have started building approved warehouse buildings, in close proximity to expressway network.

The potential tenants for such warehouses are being noticed looking for appropriate storage space, with specific requirements matching the product handled, as there are numerous products demanding different storage conditions.

However, it shall be a matter of concern that prospective tenants should be extra careful in selecting a warehouse as;

• Title of the owner
• Land use {warehouse}
• All Approval/ Permissions
• Abiding by all set norms by the Government

It is strongly suggested that prospective tenants , should take legal opinion, before renting the warehouse premises.

It is further understood that Building plan approval committee grants the permission as defined per rules after the permission for change of land use granted by Director,Town and country planning Haryana

The structural design of the building has to be carried out in accordance with the provisions of NBC and relevant IS Codes, under the supervision of Certified & recognized Structural engineer { All the laid out and prescribed conditions have to be strictly followed, as contained in the Approval document}

The approval letter/ document contains in-depth details and guidelines pertaining to :

• Structure
• Electrical
• Fire Safety
• Water Supply
• Sewerage
• Internal Roads
• Rain Water Harvesting

While construction at site, not only { All the laid out and prescribed conditions have to be strictly followed, as contained in the Approval document} but all the rules, regulation, restriction as laid by local administrative authorities has also to be followed.

It is also understood that after completion of the building the prescribed documents would be submitted to all the competent authorities who would initiate the procedure as per set rules towards, Completion / Occupation certificate

We must understand that Government Authorities have laid out Policies for public interest & planned growth and the same should be followed by every citizen with a mark of respect.

The concept has to make a special focus on inventory management and warehouse management. Besides company’s own planned efforts many of the logistic companies are extending support for required redistribution systems.

To manage & maintain effective inventory & redistribution ,there is an increasing demand of Well planed warehouses all over.

With aforesaid reasons New township of Gurgaon has shown a remarkable growth, besides its own importance ,Gurgaon is recognized for its strategic location on NH-8.

The meticulous planning of KMP Expressway has added strength to its location.

In the recent past a planned growth has been observed for warehouses in Gurgaon as
the author had done an extensive survey & would like to share with the viewers and visitors as following:
Warehouse Space in Gurgaon on prime locations. have some of the following salient features:

• Duly Licensed approved and sanctioned by Government
• Constructed with modern amenities matching International Standards
• Abiding Warehouse management concepts & Norms
• Area: ranging from 60000-250000 sq.ft
• Locations : NH-8 , Pataudi Road, Farukhnagar , Gari Harsuru, KMP expressway.

After being reasonably priced in rentals the sites meet the requirements of Logistic companies as well as large chain stores on close proximity to -KMP expressway.

Mr Rikhye, Gurgaon Real Estate Blogger

Besides Fast growing demand of Commercial office space in Gurgaon , there is a surprising phenomena that the rental / leasing rates are showing a downward trend.

After having done the in-depth study it is understood that during the peak period of real estate in Gurgaon , the builders & developers took the advantage of market pulse and rushed out with various commercial projects , which ,at that booming period got the unconditional support of the investors where the brokers worked as catalyst

As on April 2010 the commercial buildings in Gurgaon on prime locations of the city are giving a deserted look and a prospective Lessee / Tenant has ample of scope of negotiation on the quoted price.

It is felt by the real estate expert that if the trend of unplanned growth continues ,then lot of commercial properties would meet the same fate as a consequence , as presently many Buildings on Sohna Road, M.G.Road.& Golf course Road are giving a “Vacant Look”.

www.commercialpropertiesingurgaon.com

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.