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:

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.

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”

 

In a developing township the growth rate of all around happenings is at such a fast speed that it takes time to, arrest the problems which could not be envisaged at the initial stages but they can be only figured out after actual happening

With the recent development in district administration the scenario seems to be on change with positive inputs.

Now, since Gurgaon has a team having a blend of efficient administrative heads who have in front them, examined and analyzed status of infrastructure related problems, & moreover, it is felt that Administrative nucleus is determined to take positive steps to eradicate the problems with long term solutions.

The positive steps have already been initiated in priority fields including:

• Power shortage in Gurgaon
• Water Shortage in Gurgaon
• Roads & Traffics Reforms
• Law & order in Gurgaon

From reliable sources it is understood that the District Head of Gurgaon has said that “As improving infrastructure like road network, power & water supply in Gurgaon is a matter of priority, therefore, the laxity on the part of officers will not be tolerated”.

With stable Government in the centre and an effective, efficient & determined local administration ,Gurgaon would be heading towards the path of glory.

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.

Vikas Rikhye, Gurgaon Property Consultant and Blogger

• More Spacious
• More privacy & personal freedom
• Cost effective
• Ideal for Executive Relocation
• Ideal for cultural adjustment

In last one decade Gurgaon has witnessed the presence & growth of Multinationals,
with all around progress it has resulted into immense potential / scope for “Service
Apartment”.. Besides the aforementioned reasons , the increasing trend of Medical Tourism in Gurgaon has added positively to the scope of Service Apartments in Gurgaon

With increasing demand of Service Apartments, several property owners have entered into this business & organized sector in this field, are increasing their capacity by outsourcing apartments

Some of the Service apartment operators are following a module, where they hire out an apartment on ***MG Basis and after furnishing the same they put it on their Net-work. {Net-work that take care of its Marketing & Maintenance}

Moreover few Real Estate Brokers in Gurgaon, who specialize this field are also instrumental in organizing deals on MG {***Minimum Guarantee}basis, as in this module, every one stands to gain.

The present trend in this field indicates the sings of a great potential & growth.

Vikas Rikhye, Real Estate Blogger and Real Estate Gurgaon Consultant

After feeling the heat of recession ,the concept of “Assured Returns on Investment in Gurgaon” is gaining momentum , that shows the signs of market revival The investors having experienced the results of rash/short term investment, are now looking at safe & long term investment plans.

The properties rented to Multinational companies {MNCs} & Banks have become targeted investments .The investor now seems to settle for lesser returns as compared to earlier, but want “Assured Returns”.

A large number of investors are finding their destination on Sohna Road Gurgaon, where the presence of companies like Lenovo, Xerox, Global Insight is already being felt & brands like , Reebok, Rockport, Levis, Puma are about to show their presence. HDFC Bank on Sohna road is already a land mark.

Eateries like Wimpy, Cafe coffee day, Costa Coffee, Papa Johns, Danachoga are going to be amongst Kwality walls & Cream bell .The “shopping scenario” on Sohna Road is expected to undergo a big change in coming future.

As a result the rented properties on Sohna road are available on 7% to 9% Assured returns. The investors are increasingly getting interested as they can see the facts on the ground & are not left to imagination.

The trend continues to be positive for the following reasons:

• Gurgaon a hub for MNCs: Offering ideal working environments , Gurgaon, has become a hub for MNCs including BPOs & KPOs in Gurgaon.
• Gurgaon Properties are having a wide range of choice in Villas, Luxurious Apartments & Bungalows, as the prominent builders /developers like Unitech/ DLF are delivering the end product very close to international standards , having a positive scope of appreciation.
• Assured Return on Investment: In commercial sector, the properties are being offered on lucrative assured return basis as compared elsewhere.
• Close Proximity to IGI Airport: Gurgaon being in NCR {National Capital Region} & having close proximity to International Airport, has its own added advantage.
• NRI Services in Gurgaon: In Gurgaon a number of professional companies are offering their services to NRIs in the field of **Facility Management, Event management , Security Management & other essential services, bringing a better comfort level to NRIs
• Gurgaon Lifestyle : With existence of Golf courses, Modern Hotels, Multi-cuisine restaurants, Clubs ,Shopping malls, Gurgaon has placed itself, at a higher pedestal of lifestyle.
• Hospitals in Gurgaon:. Specialty Hospitals like Paras, Artemis, Forties, Max & Medicity not only attract medical tourism in Gurgaon but also reassure of the Healthcare facilities in Gurgaon, matching international
• Commuting Comfort: Ideally located on NH-8 with eight lane express highway & connectivity to Delhi by Metro by January 2010 brings Commuting Comfort level for Gurgaon.

Factors as stated above & Master Plan 2021 make NRIs & other investors “Gurgaon” as a long term investment destination.

Disclaimer

The Author is a freelance Blogger and real-estate consultant,The readers are advised to do their own research & analysis before taking any action. The author is not responsible for any consequence good or bad . The author is only delivering his views & inviting response in the way of comments/views from the readers

Vikas Rikhye, Property Consultant and Blogger

Investment in Real Estate Gurgaon is taking a very interesting turn. Despite the fact that in a very recent past the Residential properties in Gurgaon are showing positive signs, yet the investor in Gurgaon are seeking opportunities to invest in the properties having an advantage of “Assured Return on Investment” & this trend of investment seems to be picking up.

The concept in definite terms gives a comfort level to the investor but at the same time, the investor has to be very careful while investing & should keep the following cautions in mind:

Check the facts before investing:

About builder:

• That the Builder should have a good track record.
• The property offered should have all requisite sanctions, License and permissions from the competent authorities.
• That the property should be free from all kind of claims .mortgages and encumbrance.
• That the building in which property is offered has all the required completion & occupation certificates.
• That if required proper search report should be obtained from a legal expert

About the occupant:

• That the occupant has proper financial stability.[ As it has been observed in the past that some of the IT companies just disappeared due to lack of finance/orders} However it is safe to take expert opinion, who can furnish. the fact about the company/occupant after its findings.
• That terms of the Lease agreement should be carefully read & understood {legal opinion required}
• That the Lease agreement should be registered at 1st place & the Lease agreement should be registered subsequently as well.
• That there is sufficient “Lock in Period” to cover the risk factor.
• That in case of Retail outlet, pleas ensure that there is sufficient footfalls to ensure the existence/survival of the occupant in terms of profitability{Out source an agency to give its report}
• That the occupant is no where close to insolvency/bankruptcy

About the Individual Seller :

Beside the afore mentioned points in case of an individual seller the following points should be considered:

• That property is not under any family disputes.
• That there may not be any Third-Party claim.
• That there may not be any Silent Agreement.
• That the seller in the past has not executed any POA {Power of attorney}

That in case of POA transaction the original owner should be alive.

Besides as stated above please ensure that dealing should be conducted thru reliable/reputed Brokers & with the consent of legal experts. How ever, it is felt that “Options of Assured Return on Investment on Sohna Road are better as compared to “Options of Assured Return on Golf course road & MG Road Gurgaon.

Disclaimer

The Author is a freelance Blogger and real-estate consultant,The readers are advised to do their own research & analysis before taking any action. The author is not responsible for any consequence good or bad . The author is only delivering his views & inviting response in the way of comments/views from the readers.

Vikas Rikhye, Realtor and Gurgaon Real Estate Blogger

Real Estate Brokers in Gurgaon, during peak time, had booked in sales over 60% of Commercial office Space on Sohna Road for the investors in Gurgaon at the rate ranging Rupees 3500- 4500 per sq.ft. Remaining 40% was left with the promoters. These commercial projects on Sohna Road are now nearing completion & are ready for leasing.

The prevailing rentals Commercial office Space on M.G. Road.& Golf Course road are ranging between Rupees 75-85 per sq. ft. With the leasing rates as stated above, acts as an opportunity, for the Sohna Road investors, to offer lucrative leasing rate as low as Rs.40-45 per sq.ft.as it brings them almost 12%+ return over investment.

Since the balance of 40% of Commercial office Space has been still with the promoters, therefore, they are applying all marketing techniques/strategies to recover at least 15-20% more rental than being offered by the broker lobby. It seems that this is ,all because, by soliciting higher rental, the promoter, would be able to sell its balance 40% of stock at higher selling price ROI {Return on investment} basis. As per prevailing market practices the prospective investor is quite happy with 8.5% ROI & in the bargain, the promoter yields more profit on selling Rented Property on Sohna Road.

There seems to be a “Tug-of-war” over leasing rates between Broker lobby in Gurgaon & the Promoter as both are competing to achieve their desired motives .Under the circumstances the Broker-Lobby seems to be a better option to avail lesser leasing rates compared to the leasing rates offered by promoters.

Moral of the story :Real estate Brokers a better option for leasing on Commercial office Space on Sohna Road Gurgaon