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.

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, 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}