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}

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:

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, Real Estate Consultant, Blogger and Expert.

Real estate Industry in India besides having its apparent significance in the national economy, also has latent significance of being one of the largest job provider from a laborer to high ranking professional executives from engineering ,finance, marketing and many other economy related fields.

The real-estate industry which is playing a very crucial role in development of infrastructure had been victim of recent slowdown under global recession, therefore, it becomes imperative on the part of government to extend maximum relief in terms of taxation and offer incentive for investors to gear up the situation towards positive growth .

Since Housing industry constitutes a large segment of, real estate in India, therefore, government must consider rebates & incentives to strengthen investment opportunities by prospective investors.

It is understood from sources that to encourage people to invest in housing sector “Confederation of Real estate Developers’ Association of India”[CREADI] has suggested the government to increase the deduction on interest paid on self occupied residential house/property .It is further understood that CREADI has also suggested the measures, if adopted then effective interest rates on loan of 20 lakh for 20 years may come down to 6.95% from 9.25% and these measures would act as tools for achieving tha target of affordable housing.

Tax rebates and incentives in realty sector will have a positive impact on the overall economy.