BDI Ambaram

NRIs considering investment in commercial realty sector

Photo Courtesy: Internet 

Delhi/NCR:  Non-resident Indians (NRIs) are evincing interest in commercial properties besides residential ones too. Earlier, the high-end, luxury residential homes were the major key of attraction for NRI buyers.

 "Slowdown in the market in the past few years has considerably affected the return on investment from residential projects. Owing to the imminent slowdown in the residential market, especially luxury segment, NRIs looking to invest in Indian real estate are now diversifying their asset exposure and considering investments into commercial properties,” says Divya Seth Maggu, Associate Director (valuation and advisory services) at Colliers International India.

In fact, NRIs still have several advantages in both categories. The low residential prices and certain incentives in the form of discounts are also available to serious buyers.

"RERA has ensured that investment into residential property has also become much safer, and the risks previously attached to home purchase have thereby been moderated. Also, considering that many NRIs will return to India at some point, owning a home in their respective cities is a very sound investment for the future,” says Santhosh Kumar, Vice-Chairman of ANAROCK Property Consultants.

Developers state that this is the perfect time for investment in the realty sector "It is a great time for NRIs to invest in the residential real estate market as there has been a significant drop in the property rates after demonetization. Moreover, regulatory changes like the implementation of GST and RERA have made the market more equitable and real estate purchase simply by bringing in better accountability and transparency,” Harinder Dhillon, Vice-President (sales) of DLF, said.

"NRIs are now diversifying their asset exposure and investing more into commercial properties as it offers a longer lease period, assuring a steady income. When you invest in the commercial real estate, it’s not just the building itself that has meaningful intrinsic value, it also includes the land," Ravish Kapoor, Director of Elan Group, said.

Due to high demand from corporate, commercial office space vacancies has almost halved in the past six years. Even, in some prime locations in cities like Bangalore and Pune, the vacancy has reached even single-digit levels.

"The launch of Real Estate Investment Trusts is expected to further attract investments in office properties going forward. In contrast, the residential real estate is facing challenges of high inventory pileup, low consumer interest and sales. Stagnant prices on the residential front and slowdown in new launches have pushed affluent NRI investors towards commercial properties," Divya Seth Maggu said.

Indian Highway

Construction Work on Kherki Daula bypass Route to End in a Month

Photo Courtesy: Internet 

GURUGRAM: The construction work on a four- lane road (5kms) on the eastern side of the Delhi-Gurgaon expressway is in progress to connect the Southern Peripheral Road (SPR) with NH8. This road bypassing the kherki Daula toll plaza slated to be completed by Huda within the next month. However, the construction of 400- meter stretch road between Sector 76 to Sector 77 is yet to be started.

This construction of new road got stalled due to some controversies. Millennium City Expressway Private Limited (MCEPL), the company managing the Kherki-Daula toll plaza, has raised objections over the road with NHAI. The company wrote a letter to NHAI on May 24, stating the loss of Rs 17 lakh daily after its opening, saying “If Huda’s four-lane road is connected with NH8, bypassing the Kherki Daula toll plaza, minimum revenue and maximum traffic would be diverted through the four lanes.” The road will merge with NH8 a mere 300 meters away from the toll plaza.

As per the MCEPL, it cannot stop the construction of this road as it’s in some other area and some other agency has made it. For this the MCEPL has written a letter to NHAI.

According to the Huda official, apart for the 400-metre stretch between Sector 76 to 77, the road is complete. It has assured that the road will be operational by next month with only sewage work left in the area. Apparently, the deadline for this project was July.

 The new road constructing will connect with SPR via the road dividing sectors 75 and 75A, meet NH8 near Sector 83 via the road dividing sectors 77 and 78, and pass through sectors 76 and 77. After these new sector roads are operational, commuters from Golf Course Road and Faridabad will be able to reach Manesar through SPR, without a need to cross the Kherki-Daula toll plaza. The residents of new sectors 80-90 get benefited as they will reach easily to Golf Course Road, Sohna Road, Faridabad Road and other parts of Gurugram.

Developers have also welcomed the move.  Ravish Kapoor, Director, Elan Group, said, “The road will become a lifeline for lakhs of commuters coming from Faridabad and nearby areas to Gurugram, as they would be able to reach Manesar without having to cross the Kherki Daula toll plaza. Additionally, it will give a boost to several realty projects being developed along the SPR by enhancing the connectivity quotient and ease of access.”

Similarly, Rahul Singla, director, Mapsko Group, said, “Commuting through Delhi-Gurgaon will become easier for lakhs of commuters who travel on daily basis. Once complete commuters from Golf course road and Faridabad can directly reach Manesar through the Southern Peripheral Road, without needing to cross the toll plaza. But the shifting of the Kherki Daula toll is the first most important thing; the toll has been a big hurdle to the commuters, causing massive perennial traffic jams. Residents, industrialists, home buyers and others struggle through the traffic jam at a cost of time, energy and money every day. Toll operators should also focus on selling Tags in order to bring down transaction time; this will eventually decrease the above-mentioned problem”.

Children Of DLF Gardencity Learning To Make Paper Bags

DLF Gardencity pledges to 'Beat Plastic Pollution' on World Environment Day

-Organizes interactive workshop on the theme ‘Beat Plastic Pollution’ 
 
June 5, 2018, Gurugram: In a bid to sensitize residents against the usage of plastic on the occasion of World Environment Day, DLF Gardencity organized an eco-friendly bag-making workshop at New Town Heights. A pledge was taken by all residents to make minimize the use of plastic in their daily lives and to make the world a better place. A sketching competition was also organized for kids who highlighted the beauty of nature through their creations. 
 
Conducted by Bhavna Mehta, a social entrepreneur the workshop witnessed an enthusiastic participation from adults and kids alike. Bhavna Mehta is the founder of, EL Papel De Mano that makes a range of innovative eco-friendly products. Her products have garnered attention in events such as India International Trade Fair and World Book Fair. 
 
“Plastic is a menace to our planet. It is non –biodegradable and a threat to both human and animal life.  Every year, tones of plastic ends up in the oceans polluting the water and becoming a threat to marine life too. These activities are part of our efforts to spread awareness against the use of plastic and encourage residents to ‘go green.’ It is heartening to note that these activities received an overwhelming response from residents,” said Col Tejbir Singh, AVP (Township), DLF Gardencity.
 
"I enjoy sketching and would like to thank DLF Gardencity for organizing this initiative. My sketch highlights that today’s world is plagued by various environmental issues such as plastic pollution. Each of us should abstain from using plastic bags and use paper bags instead,” said Sudhanshu Sharma, a kid of New Town Heights, DLF Gardencity.
 
According to an estimate, approximately 5 trillion plastic bags are in use worldwide. In the last decade, human beings produced more plastic than in the whole last century. 
 
Celebrated on 5th of June every year, World Environment Day is the United Nation's principal vehicle for encouraging awareness and action for the protection of our environment. It was commemorated for the first time in 1974. Since then, it has been a flagship tool for raising awareness on emerging environmental issues such as human overpopulation, global warming, sustainable consumption and wildlife crime. The theme for this year is ‘Beat Plastic Pollution’ and India is the global host for this year’s edition.
Waste Being Treated At Compost Plant DLF 1 H Block

Is decentralization of waste an answer to Gurugram woes amidst sanitation workers’ strikes?

Gurugram: The ongoing strike by sanitation workers in Gurugram leading to piling up of garbage has once again underscored the need for decentralization of waste as an answer to the city’s health woes. Strikes by sanitation workers have become a norm. With the strike entering the 14th day today, talks between the government and workers over equal pay and demand for permanent jobs have failed to pacify the latter. Meanwhile, Municipal Corporation Gurugram has initiated a penalty drive for people caught littering the streets.  However, the condition of the city continues to be deplorable.

Suncity School Students Performing On The Ocassion Of Mothers Day

Suncity School Celebrates motherhood in a unique way

Suncity World School celebrated the essence of motherhood through commemorating Mother’s Day. The occasion also served as a perfect occasion to host an Investiture Ceremony of the newly-appointed Student Council.

The event commenced with the lighting of the lamp by the chief guests namely Dr. Minoti Chatterjee, Renowned Educationist & Ex-Principal, Kamla Nehru College, Delhi University & Mrs. Ren​​​​​​​​u Dosaj, an educationist who taught at Loreto Convent Tara hall, Shimla and St. Francis High School, Amritsar.

A token of gratitude for the mothers was presented by the students. A rendition of a hymn dedicated to Mother Mary enthralled the audience. The highlight of the ceremony was the dance drama- Chandalika penned by famous Nobel Prize winner Rabindranath Tagore.

The Investiture ceremony kickstarted with the introduction of post holders. The new council members were bestowed with the sashes and badges by their mothers. A total of 65 post holders were felicitated for the session 2018-19.

The chief guests lit the ‘Flame of Duty’ and the solemn oath was administered by the Guest of Honour, Dr. Minoti Chatterjee. The charter of duties was presented to the head boy and the head girl by Mrs. Rupa Chakravarty, Principal, Suncity School.

On the occasion, Chief Guest Renu Dosraj said, “Integrity, tolerance, respect, courage and compassion come from the sanskars that you imbibe from your family and teachers. It forms your roots that you will hold firmly even during adverse circumstances whereas jealousy, malice, hatred will destroy your own happiness.”

“A mother is an epitome of compassion and sacrifice and plays a dominant role in the upbringing of a child. This occasion expresses heartfelt gratitude towards mothers’ contribution in students’ lives. We also observe an Investiture Ceremony on this day to make mothers feel proud of their wards,” said Ms. Rupa Chakravarty, Principal, Suncity School.

The Chief Guests conferred the awards and prizes to the students. The ceremony concluded with a note of gratitude by head girl, Trisha Chatterjee, followed by the National Anthem.