Real Estate

Sectors along NH-8 to fuel real estate of NCR

Photo Courtesy: Internet

Fuelled by good connectivity and robust development, the area is a boon to the real estate sector

The rapid urbanisation in National Capital Region (NCR) is increasing day by day. This is amplifying the traffic crisis in the region. In order to overcome the scenario, the Government has established new sectors along the Gurgaon’s NH-8. These sectors are attracting developers as well as buyers from every part of the country.

The sectors along NH-8 continue to offer their own location advantages. “These areas are attracting a good number of realty players and thus increasing the competition in this sector. As a result, the buyers are getting the best,” Rajmal Shekhar, a realtor in the region, said.

The area remains the prime expressway that continues to fuel the development of residential as well as the commercial sector along the area. The NH-8 connects the NCR with Jaipur and other parts of Rajasthan.

Sectors along NH-8 are also connected to the IGI airport, which is on a straight drive from there. Both expressways – the Southern Peripheral Road and Dwarka Expressway – touch NH-8 at Kherki Daula intersection. Arterial and sector roads along the highway are connected through various exits and entry points.

Sectors like 30, 31, 33, 34, 37, 37A, 38, 48, 77, 78, 81, and 82 are some of the key residential sectors along NH-8. Many developers like Ashiana, Emaar India, Umang Realtech, DLF Ltd, Vatika Group, Universal Buildwell, and Central Park have residential projects in these sectors.

These sectors offer 2 to 5BHK units whose size varies from 450 sqft to 2,500 sqft and the cost of these units depends on their locations. For example, the cost of 2BHK costs Rs 1 crore in Sector 33.

Owing to price stability and demand in the region, sectors along NH-8 also have strong rentals. Most of the professionals working in companies in and around Gurgaon prefer these sectors. Thus, rental values have remained on the higher side along NH-8. A 2BHK unit at a prime location commands Rs 15,000-35,000 per month in rent.

“The accelerated urbanisation and rampant migration of working population in Gurgaon has led to an increase in demand for the residential sector in its adjoining areas. Buyers and investors are showing more interest in this area because of the easy accessibility, connectivity to various places and major infrastructural development. Additionally, properties have offered good returns on investment over the past few years. The demand for ready-to-move-in-apartment has also escalated in recent time, as because these are GST-free and best option in Gurgaon’s NH,” said Rahul Singla, Director, Mapsko Group.

 

Existing physical and social infrastructure along NH-8 coupled up with the ongoing and proposed infrastructure project is increasing the buyer’s interest towards it. Thus, the demand for properties along these sectors is touted to increase manifold in future and the area is a boon to the real estate sector.

National Highway No. 1 Near Tainan Rende District 2015

Sectors along NH-8 to fuel real estate of NCR

Photo Courtesy: Internet 

Fuelled by good connectivity and robust development, the area is a boon to the real estate sector

The rapid urbanisation in National Capital Region (NCR) is increasing day by day. This is amplifying the traffic crisis in the region. In order to overcome the scenario, the Government has established new sectors along the Gurgaon’s NH-8. These sectors are attracting developers as well as buyers from every part of the country.

The sectors along NH-8 continue to offer their own location advantages. “These areas are attracting a good number of realty players and thus increasing the competition in this sector. As a result, the buyers are getting the best,” Rajmal Shekhar, a realtor in the region, said.

The area remains the prime expressway that continues to fuel the development of residential as well as the commercial sector along the area. The NH-8 connects the NCR with Jaipur and other parts of Rajasthan.

Sectors along NH-8 are also connected to the IGI airport, which is on a straight drive from there. Both expressways – the Southern Peripheral Road and Dwarka Expressway – touch NH-8 at Kherki Daula intersection. Arterial and sector roads along the highway are connected through various exits and entry points.

Sectors like 30, 31, 33, 34, 37, 37A, 38, 48, 77, 78, 81, and 82 are some of the key residential sectors along NH-8. Many developers like Ashiana, Emaar India, Umang Realtech, DLF Ltd, Vatika Group, Universal Buildwell, and Central Park have residential projects in these sectors.

These sectors offer 2 to 5BHK units whose size varies from 450 sqft to 2,500 sqft and the cost of these units depends on their locations. For example, the cost of 2BHK costs Rs 1 crore in Sector 33.

Owing to price stability and demand in the region, sectors along NH-8 also have strong rentals. Most of the professionals working in companies in and around Gurgaon prefer these sectors. Thus, rental values have remained on the higher side along NH-8. A 2BHK unit at a prime location commands Rs 15,000-35,000 per month in rent.

“The accelerated urbanisation and rampant migration of working population in Gurgaon has led to an increase in demand for the residential sector in its adjoining areas. Buyers and investors are showing more interest in this area because of the easy accessibility, connectivity to various places and major infrastructural development. Additionally, properties have offered good returns on investment over the past few years. The demand for ready-to-move-in-apartment has also escalated in recent time, as because these are GST-free and best option in Gurgaon’s NH,” said Rahul Singla, Director, Mapsko Group.

 

Existing physical and social infrastructure along NH-8 coupled up with the ongoing and proposed infrastructure project is increasing the buyer’s interest towards it. Thus, the demand for properties along these sectors is touted to increase manifold in future and the area is a boon to the real estate sector.

Real Esate 123

Experts suggest it is a healthy time to own a 2nd home

Photo Courtesy: Internet 

Home buyers should be clear about the purpose of investing in the 2nd home

The real estate sector which experienced a wobbly start in January is now showing signs of revival. Sale has improved both in the primary as well in the secondary market: all these shows that it is the healthy time to own a second home. People associated with the sector suggest that it is the best time to buy a second home.

“This is an ideal time for buyers to invest in a second home as the market prices are low and will only increase in the coming time. A second home is ideal for investment purposes, as it generates rental income; it may also be set up as a holiday home for the buyer. Second homes are an excellent source of income for retirees as well," Vineet Relia, MD of SARE Homes, says

Experts believe that if a person is buying a second home, it is an asset which should be bought with prudence and purpose should be clear whether a person is buying to rent it out or make an additional investment with a long- term horizon in mind.

Well, many believe that the introduction of RERA has also brought in the positive impact on a sector and it is also responsible for changing landscapes of the sector.  

“For those planning to buy a second home as an income-generating asset or for capital gains, the market is attractive when considered from a long-term perspective. For this, buyers should sort out their investment plans and put their finances in order. In the contemporary era, an affordable house is the best option a homebuyer can think of buying currently," Ssumit Berry, MD of BDI Group, said.

"Overall, the time is favourable for buying a second home as realty has picked up pace after demonetization, RERA, and GST. There is a surge in demand for ready-to-move-in homes, which promise immediate rental yields. Even for those who are scouting for a second home for the extended family, it's a vantage position," Harinder Dhillon, VP (sales) of DLF, says.

To clear out the unsold stock developers are also giving discounts and freebies to which buyers are taking the advantages of it and buying a second home. This ultimately is increasing the overall sale.

With the improved real estate market coupled up with Government reforms are attracting home buyers to a buy second home.

M3M Corner Walk Sector 74 Gurgaon

M3M Launches M3M Corner Walk, the next Big Business Destination on Golf Course Road Extn.

India’s leading real estate conglomerate M3M India Pvt. Ltd has launched yet another state-of-the-art landmark project, M3M Corner Walk. The project enjoys exclusive corner location on Golf Course Road Extension, making it one of the premiere developments on this landmark road. It will be a mixed-use development with hi-street retail and office spaces. Intended to be the preferred hot-spot for upscale retail outlets and large corporates, its excellent location makes it the focal point for future business. The Group is investing another Rs 500 crore on the landmark project with an expected revenue potential of more than Rs 1,500 crore.

Upcoming Epicenter of the town

The project is located bang in the middle of a high-growth corridor, all set to define the next wave of commercial and office spaces in the city. The corridor enjoys excellent arterial connectivity to NCR. The project is seamlessly connected to Golf Course Road, Sohna Road and NH8. With the expected spurt in the growth of residential and commercial projects in the future, the commercial value of investing in a property at M3M Corner Walk is bound to rise.

Next-Generation Retail

Being a corner plot, the project is uniquely located with an expansive frontage. The shops open into wide boulevards. There is a seamless pedestrianized integration of Lower Ground, Ground/Upper Ground and First Floor as retail shopping sections with Second Floor to be used for F&B/Food Courts combined with some retail shops. The retail component is double-height and is designed with courts, vistas and a central activity hub with a series of large open spaces emphasizing the ‘walk and shop’ concept. There are entertainment avenues including provision for a Cineplex.

Flexible Office Spaces

The architecture ensures that while the retail and office spaces are part of the same development, there is well-defined demarcation. There is separate entry for office block. The office tower comes with grand double-height lobby and accommodates both multiple and single occupancy formats.

What makes the projectSo Unique:

  1. Exquisite Corner Location on Golf Course Road Extension
  2. Widest Frontage towards the 150 mtrs. wide Golf Course Extension Roadalong with proposed 60 mtrs. sector road
  3. High-street retail with double height shops
  4. Seamlessly connected through high speed elevators, escalators and sky bridges
  5. Outdoor display venues, pedestrianized spaces, climate solutions, vibrant & attractive landscaping and a contemporary approach to architecture makes it the new big ‘Town Centre’.
  6. Provision for world-class Cineplex
  7. Open-to-sky courtyards
  8. Separate entry to the office block

Speaking during the launch, Mr. Pankaj Bansal, Director, M3M categorized the project’s landmark location as the futuristic, next-generation corridor for big growth opportunities, “M3M has always been an organization with vision and continued dedication to its patrons’ interests. With M3M Corner Walk, we have provided investors the next big growth opportunity. Being located bang on the high-growth corridor, the project provides the early mover advantage offering lucrative opportunities of renting or leasing a property in this zone. With the expected spurt in the growth of residential and commercial spaces in the future, the value of owning and leasing a property in this project is bound to exponentially increase.”

About M3M:

Within a short span of seven years, M3M has emerged as an illustrious real estate developer with speed, class and innovation being at the core of its vision. The Group has launched a slew of iconic projects, designed and developed by world-class partners. They epitomize the new bustling Millennium Gurugram.

Path-breaking deals:

As one of India’s fastest growing real estate conglomerate, M3M has changed the very contours of Indian real estate space. The Group has over the years been a part of path-breaking deals.

  • 2012: DLF Group – Rs 440 crore
  • 2016: Sahara Group – Rs 1211 crore
  • 2016: Tata Realty and Infrastructure Ltd. & Standard Chartered Private Equity – Rs 500 crore

Major Tie-ups:

The Group has also inked momentous deals with best-in-class partners from across the globe.

  • 2011: Larsen & Toubro –Rs 700 crore
  • 2014: Shapoorji Pallonji & Co. Ltd. – Rs 116 crore
  • 2014: Miele India Pvt. Ltd. – Rs 50 crore
  • 2016: Tata Projects – Rs 116 crore

Brand Associations:

The Group has associated with the finest of brands from across the Globe.

Daikin                                                    Miele                                                                    Thyssenkrupp

Duravit                                                 Mitshubishi                                                        Toshiba

Kone                                                     Sandor                                                                  Toto Designs                     

Awards and Accolades:

The Group’s projects have repeatedly been acknowledged as the best and have been felicitated with numerous business and lifestyle awards the world over.

2018: ‘Most Innovative Real Estate Brand’ by IBB (India Best Brands)

2018: Franchise India Award for M3M Merlin for ‘Best Residential Project of the Year’.

2017: Realty Plus Excellence Awards for M3M Golfestate for ‘Ultra-luxury Lifestyle Project of the Year’ and M3M Urbana for ‘Commercial Project of the Year’

2017: Golden Brick Awards for M3M Merlin for ‘Outstanding Residential project of the Year’

2017: Game Changer of the Year Award by Mindscape Exhibitions in Dubai, UAE

2015: CESS Business excellence awards

2015: OneIndia Award for Delhi-NCR Hot 50 Brands

2014: Award at ET Realty Convention

2014: ‘Best Group Housing Project – Luxury’ for M3M Golfestate at NAREDCO 12th National Convention

2014: Realty Plus Conclave and Excellence Award

2012: Realty Plus Excellence Award

2012: Pathfinders Award for the most Enterprising Leader for Mr. Pankaj Bansal, Director, M3M Group for M3M Golfestate

2010: Exclusive award for M3M Golfestate - “Best Upcoming Golfing Lifestyle Residences in India” by Federation of Indo Americans (FIA) at the Festival of India, in San Francisco Bay Area.

2010: Best upcoming luxury Residential Project in India for M3M Golfestate by the NRI Institute, UK

2010: Best Upcoming project of India Award for M3M Golfestate by BIBNRI Forum at the NRI summit in Dubai, UAE

On a delivery spree:

The Group recently delivered eight of its iconic projects while there are 13 others that are in advanced stages of construction and scheduled for delivery within the committed timeframe.

Six delivered luxury residential developments are:

  1. M3M Golfestate (Fairway West) - India’s first in-city Golf Lifestyle destination
  2. M3M Golfestate (Fairway East) –Part of M3M Golfestate master development
  3. M3M Panorama Suites - (Part of M3M Golfestate Master Development) 36 Exclusive Suites
  4. M3M Polo Suites - (Part of M3M Golfestate Master Development) Exclusive Suites designed for globe-trotting gentry, Polo living at its machismo best.
  5. M3M Merlin - the Singaporean style world-class residences.
  6. M3M Woodshire - Premium residences located in Sector 107, Gurugram.

Two delivered commercial developments are:

  1. M3M Urbana – largest integrated mix-use commercial development.
  2. M3M Cosmopolitan – the first high street retail on Golf Course Road Extension.

Close to one million sq. mtr. (10 million sq. ft.) of area was developed by M3M last year,making it one of the largest real estate conglomerates across the country.      

Future beckons and we are ready for it:

Looking ahead, in the present year the company is targeting revenues of over Rs 4,000 crore with a new customer base of over 2,500. Approx. one million sq. mtr. (10 million sq. ft.) of area will be developed by the Group in near future as well. With a host of ambitious projects rapidly taking shape, today M3M stands at the threshold of bringing in more landmarks and more innovative concepts of home, retail and business.

The story of success of the Group and its blistering growth is just the beginning of a larger journey. In sync with the Government’s Smart City mission, M3M is looking to develop townships based around the concept – ones that are clean, green and eco-friendly.

Mr.Ravish KapoorDirectorElan Group

SPR to fuel commercial real estate of NCR

 

The rapid urbanisation in National Capital region (NCR) is increasing day by day. This is amplifying the traffic crisis in the region. In order to overcome the scenario the Government has established new connectivity roads like SPR (Southern Peripheral Road), NPR (Northern Peripheral Road) and etc.

If we talk about SPR it was planned to ease the traffic between the two national capital cities Gurgaon and Faridabad, also to decongest the traffic situation at IFFCO Chowk, the 16-km long SPR is all set to become the next commercial real estate destination. An amazing connectivity to the Golf Course Extension Road, Gurgaon-Sohna Road and NH-8 is also an advantage. SPR is also linked to Dwarka Expressway through NPR. Further, through Hero Honda Chowk, Rajiv Chowk and NH-8 on SPR, one can easily reach Delhi, Faridabad and Gurgaon. The Haryana government’s commitment and reinforced motivation towards the completion of the SPR has also generated some positivity for the region. The area offers better social infrastructure and conveniences in comparison to the NPR. However, transaction volumes is improving day by day in SPR much, this will lead to an increase in residential sales in the coming time, particularly sector 70.

Developments of infrastructure, availability of projects nearing completion and good connectivity have SPR a good locality for investment. The area also has great potential to be touted as commercial sector in the near future. Sector 70, 74, 75 and front belt of sector 71, 73 and 79 are well designated for commercial development. The area offers shopping centres like Good Earth City Centre, Cosmopolitan, Urbana and multiplexes like SRS and Grand Cinemas and etc. An increase in the number of enquiries for residential properties has been seen across the city.

The micro- market includes sectors- 48, 49, 50, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 74A, 75, 75A and 79. The area will soon be home to multiple high-end residential and commercial centres.

The SPR is drawing an increased attention of the buyers and developers, so the future of this area is bright. Metro connectivity has been planned along SPR in Phase II which will connect Huda City Centre to Manesar. A green belt is being developed on the median of the road, making it eco-friendly. Many prominent developers have their projects here which will offer better options to its buyers.

Existing physical and social infrastructure along SPR coupled up with the ongoing and proposed infrastructure project will increase the buyer’s interest towards it. Thus, the demand for properties along the SPR is touted to increase manifold in future and the area is a boon to the commercial real estate sector.

 

(Writer is the Director, Elan Group)