Developing Real Estate Projects In Dwarka Expressway Belt

In Delhi, buying property has become quite difficult hence the NCR or specifically, Gurgaon is considered a perfect alternative for real estate and building projects. Here the construction projects have nurtured at an increasing rate in the past one decade. Many housing complexes, commercial hubs and several other infrastructures have been emerging out at a lightning fast rate and the projects are progressing rapidly. 

The newest area for development is the Dwarka Expressway or the highway that connects NH-8 to Dwarka. Several real estate projects have been undertaken in this zone which lies only two and a half kilometer away from the Indira Gandhi International Airport. The main job of the Expressway is to connect Delhi and Gurgaon but faster.It has lately emerged out of every legal issues or unwanted delay. Some of the noteworthy estate builders are constructing buildings in this belt.

The home buyers find this place favorable because of incredible infrastructural development with common facilities along with good connectivity of roads. Thus Dwarka Expressway has emerged to be perfect choice for real estate investors. In the northern zone of the country, NH-8 is considered the most congested segment as it is located near the capital city, Delhi. Delhi has many large industries and leading commercial complexes which employs a large mass of people hence there is a continuous travelling between Gurgaon and Delhi. Apart from the traffic problems, the Gurgaon toll also makes it tough for the travelers. The Expressway will relieve traffic in just a few days as it is already on the verge of completion.

Property buyers are very keen on this place because of the connectivity of Dwarka Expressway which provides other important facilities and good infrastructure in this zone. The belt is developed around a planned belt of opportunity. This will set an exemplary business section of the country. Many well knowngroups of schools and hospitals are developing properties adjacent to the Expressway. This provides incredibly good transport link to the main residential centers and the newly developed metro railway in the region. Property buyers are quite happy with the well designed infrastructure and newly developed shopping complexes and corporate sector in this region. The Hotels along the Expressway also attracts many buyers.

Land attainment issues along with several other problems have checked the development of the Expressway and have lead to some serious issues. But the state government along with constructors and stake holders of the region has put in relentless effort to accomplish the projects.

The Dwarka Expressway will be 150 m broad and 18 km in length with vast stretches of green on either side. The open green space covers around 60m on each side. Almost 14 km of the total construction is duly completed of the long 18 km and 800 meters of the remaining 4 km have been granted to the Indian Railway Department for over bridge construction. Still some 700 meters are used for HUDA utilities like water issues and HT Pillars. The disputes with the other 2.5 km is solved and now Dwarka Expressway is on the verge of completion and will soon be a new socio-commercial centreof Delhi NCR.

The Dwarka Expressway is now a hot investment field for the Investors of Delhi NCR. Being a neighbour to the airport, the property gets more attention than other estates of the region like the Noida Greater-Noida Expressway or the Yamuna Expressway. The distinguished property constructors have settled their projects around this zone which will surely attract many of the property investors.

Several commercial buildings and posh residential conglomerates are on their way to develop in this region. Some of them are already half constructed while others are in different levels of construction. It can be estimated that the Dwarka-Gurgaon region expansion will be a lot more different and developed five years from now.

The main features of this zone are it is not overpriced and basic commodities are easily available. It is very close to Gurgaon and the airport so the plot is not too far from a buzzing city.

Dwarka is an amalgamated location where the buyers can choose from any type of project. The budgets of the projects here vary in range. The price of the projects may vary from Rs. 3500 to Rs. 6000 per square feet and the price is solely based on the location of the plot. Private Township is also accessible in the place even though people try to opt for houses that are given by the Delhi Development Authority. As there are many options to choose from, investors can opt for the ones that suit their budget.

Dwarka even has Janta and LIG apartments which can be obtained at a very nominal price of Rs. 16 lakh. These units measure from 450 to 700 square feet and are of 1+1 design. Buyers are usually interested in buying plots at Dwarka Sector 10, 11, 16 and 22 as they seem to be a better option and are quite close to the developing belt. It is also estimated that most of the buyers of this region belong to the upper middle class and middle class working section who are employed in nearby area such as Janakpuri, Gurgaon or Mahipalpur

The infrastructural facilities are quite well developed in the Dwarka Expressway and adjacent places. It is surrounded by a franchise of esteemed academic institutes like the BalBhavan International School, Delhi Public School and Maxfort School. Every sector has its own shopping market for basic amenities.

The major shopping malls of this region are the Crown Mall and Vardhaman Star Citi Mall. They have outlets of different leading brands. In case of an emergency, the locality has proper facility of hospitals and dispensaries as well. Every residential complex has big parks and vast open areas which is why this region is preferred by many buyers.

Like all major cities, Dwarka also has its own developing metro station and proper transport facility for the travellers. The Delhi-Gurgaon Expressway joins with Dwarka via widely constructed roadways. It takes only an hour or so to travel the trivial 15 km distance from Dwarka to Gurgaon. Still the traffic jam can be a major factor during office time. The congestion and traffic of the Delhi-Gurgaon Expressway is likely to be reduced or shared when the Dwarka Expressway will be fully functional.

Kolkata’s Myriad Real Estate Market!

Real estate has always been a myriad world in the many layered city of Kolkata. Kolkata has always been one of the foremost cities for real estate developments. Real estate progress has happened considerably in the city owing to a combination of factors. Firstly, many professional real estate conglomerates and companies have been formed in Kolkata. Alongside, Kolkata has suddenly become a haven for top end housing and residential projects. The luxury and premium markets have suddenly come up in the city on the back of tangible demand which was nonexistent earlier. At the other end of the market, there is also a huge demand for affordable housing and residential enclaves. There are various midrange options available as well in most cases and this is something that augurs well with regard to real estate development. Real estate development has touched new heights in the city and this has also led to price appreciations and other similar trends.

Kolkata is now a luxury and premium housing hub and with the advent of the proposed metro connectivity in newer areas and better infrastructure, the trend of rising prices should be observed even in the near future. Alongside, Kolkata customers are no longer conservative and conventional with regard to their home choices. A new trend is steadily being observed where customers desire minimum amenities and facilities and do not mind paying a price for the same. Developers have also been experimenting with projects like condominiums, gated enclaves and other residential housing varieties. This has only added to the sheen of the real estate sector in this city which is still a little sluggish though.

Areas like Ballygunge, Alipore and Southern Avenue have become unreachable as far as property prices are concerned. There are very few residential projects coming up in these areas and buying a house here is next to impossible owing to the prices on offer. According to Surajit Malakar, the director at Envision Realty Management Pvt. Ltd, huge demand has been witnessed for properties within the INR 25 lakhs to INR 40 lakhs bracket over the course of the last year. Buyers of property are more willing with regard to walking the extra mile for property purchases within a particular budget range. The budget range mentioned earlier is the top selling property bracket especially in the south eastern areas parallel to the extension of the Bypass. This includes areas like Rajpur, Kalikapur, Sonarpur, Garia and even Baruipur.

These are areas that have been witnessing fabulous demand from customers. There is huge demand for both 2 BHK and 3 BHK apartment units. The former usually comes within 700 to 1000 square feet while the latter comes within 1000 and 1400 square feet. Maximum buyers usually prefer these properties. The metro station is available within only two to three kilometers and the upcoming flyover will connect the Bypass Extension to the Bypass Road. This project should be completed by the month of June this year and will speed up connectivity rapidly in this region. These are some of the major reasons for the flocking of buyers in large numbers to this area. According to real estate experts and professionals, these factors will readily encourage the development of real estate in this region and these areas are expected to be huge draws in recent times.

There are various parameters taken into account by buyers before taking a final decision on the properties to be bought according to Malakar. These essential aspects include the ratio of the super built up area to the carpet area. This is usually termed as the floor efficiency ratio and this holds prime importance in the market. Developers who offer properties with a twenty to twenty five percent difference between carpet and super built areas are usually more popular with customers. Other features include power back-up, security, club houses, playing areas for children and a swimming pool. These are other important facilities that Kolkata customers usually look for before buying any property. The prices of real estate Kolkata in this area should remain stable at least for some time. Short term stability of prices is what is luring buyers to this area. Property prices are stable mainly because of poor sentiments in the market, unaffordability, demand lags for third and second homes and cautious approaches of customers in general.

Alongside, price increases will further be negated by the proposed bill which seeks to declare property prices on carpet area as a mandatory requirement and this will also lead to better stability and affordable rates even in future. Affordable values of property and infrastructural development measures have mainly driven demand for homes in Sonarpur. Kolkata customers are rushing to Sonarpur in droves and this is a highly preferred residential area in recent times. The area has witnessed huge changes over a span of five years in all and this South East Kolkata address is witnessing a large number of projects being undertaken by developers and companies. Land prices are lower in this area and this is what has spurred better development in the region.

Apartments within 750 to 1430 square foot are available in the area at prices of INR 2, 600 to INR 3, 000 per square foot. Alongside, this means that an apartment of 750 square foot comes at INR 20 lakhs in this area. The average prices of property in Sonarpur range between INR 20 lakhs to INR 40 lakhs. High value apartments are also available in this area. Big developers like the Ideal Group and Nature Home Group are thinking of launching multiple projects in this area as a result of growing demand for residential units. Availability of land and good connectivity is fueling this demand. Alongside, students are flocking to the area owing to the presence of the Future Institute of Engineering and Management.

The Mayfair Group, Lord Group and Srijan Manik Developers LLP are also coming up with big ticket projects in these areas. Real estate growth has been dynamic in these areas and further developments are naturally expected!

Amenities Offered By Builders - Farce or Reality?

Most add facilities free of cost across different pricing segments to make the deals attractive for the buyer. A lot of buyers get attracted by these add on services as they value them a lot. However, how much do these add on services should exactly mean to a buyer?

Modular kitchens which have all the necessary wood work done, twin apartments that have shared private lounging areas, restricted access swimming zones where only row houses that fall in the luxury category are provided entry, special pools for “energizing”, landscaped terrace gardens in every villa, zones for teens and much more are some of the amenities being offered by developers. Some of the amenities such as the modular kitchen are priced nominally while the rest are given away for free!

Not only does the luxury segment get these free ad ons but also mid segment builders are offering interesting freebies. Some of them include no additional car park charges, electricity charges are not imposed over the set price and charges for using the sports zone or club house are waived. Such expensive amenities being offered for free might make buyers sceptical of the actual intention of the builder.

AvikPrabhu who is a loan adviser and consultant states that builders do not make false promises to prospective clients. The competition has increased in Bangalore which is why builders are taking such drastic steps to keep their business afloat. Several new projects have been announced in the city and a large number of the existing ones are inching closer towards completion which has elevated the level of competition that a builder has to face from his own and others’ projects. Therefore, the target of attracting buyers is heating up and developers are offering better deals. From the developer’s side, it is actually a case of showcasing to buyers about how his project is better than those of his competitors.

Therefore, it is very essential for a buyer to clear out what he is imagining the freebie to be and what the seller is offering. As a buyer, you should also consider what your and your family’s needs are over that which is being offered.

Amenities such as children’s play area, swimming pools, club house, mini theatre, roof top entertainment zone, jogging tracks and senior citizens’ walking area are being offered by many mid-segment developers in projects where the starting price of an apartment if Rs 55 lakhs. On the other hand, developers who have more expensive projects are focusing more on the quality of construction, handover date and people density and a few of the aforementioned amenities. The buyer has to check out the different offerings and go for what is her or his need.

Here are some pointers that would help buyers know exactly what they should look out for and what is being offered by the developer.

•  Because the cost of construction has gone up, buyers should actually check out the quality of the free  amenity being offered and exactly what the builder is offering. For example, a facility such as the special energizing swimming pools may have pressure spot tiles, similar to those used in parts or flooring which is extra ribbed and prevents skidding and not Jacuzzi style pressurized flow of water. Similarly, a landscaped terrace might mean a patch of artificial grass that is bordered with flower pots, wooden flooring with miniature pals in pots and partial grass.
•   An Italian kitchen or ready modular kitchen with the apartment does not necessarily imply that the kitchen will be decorated as per your customizations. It implies that basic facilities such as two slide basket sets and two wooden shelves will be provided. Four small cupboards may also be provided on the top for storing containers and jars. It does not mean that a full length double smooth slide storage space would be provided that measures 9X17 feet. When you choose a ready-made modular kitchen, you need to check the quality of wood. Wood, being a part of building materials, has also seen a price hike along with other construction materials.
• Find out the difference between MDF, ply, particle wood, rubber wood and teak and their usage in terms. They can be used in combination to save a lot of stress and money in the long haul.
• Some of the combinations of wood are more water resistant than the others while some are resistant to dampness and some others should be strictly used in dry areas. It is wiser to spend a little more intelligently after some research. You will actually get what you need instead of getting duped by a cost effective pricing option that is offered by the builder.
• Take stock of what you need and look for projects that check your list of wanted amenities. Do not buy into the colourful and glossy offerings that are being claimed by the builder.
• If you are the type of person who is more comfortable with yoga and long walks, then high quality construction should be your priority along with a green view in an area of solitude. You could also go in for roof top entertainment areas and closeness to a good park. Once you have fixated upon your criteria, concentrate on the size of the apartment and its location. Facilities that you do not use such as swimming pools, clubhouse, jogging track etc. would be a waste for you.

 Before making a purchase on any apartment, talk to your friends and family. Focus more on what your family needs. If you need a location near to your workplace, then forgoing landscaped terraces and clubhouses makes sense. Also, opt for an apartment that has multiple rooms. If you are newly married, a 2BHK flat might seem enough for you. However, as time passes by and your family expands, the space will fall short and you will have to go through the hassle of looking out for larger apartments. Assessing what you need now and may need in the future is of utmost importance when you are making a decision about buying an apartment.