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NAREDCO urges Haryana govt to expedite work on KMP Expressway

The work on the proposed KMP Expressway was supposed to get completed by March 31, but the date has now been extended to mid of June.

kmpReal estate developers’ association National Real Estate Development Council (NAREDCO) has urged the Haryana government to speed up work for completion of the Kundli-Manesar-Palwal Expressway (KMP) and also plans to submit its request to the government.

The work on the proposed expressway was supposed to get completed by March 31, but the date has now been extended to mid of June.

When completed, the expressway will connect Gurugram to Sonepat and Kundli which are the emerging as residential hubs on NH-1.

“The completion will positively impact the development of Sonepat-Gurugram, stretch, which is now becoming a prime real estate destination in the region,” said Parveen Jain, president, NAREDCO, adding, “Very soon we will be sending our submission to the state government.”

KMP, also called the Western Peripheral Expressway, is around 136 km long and connects Kundli in Sonepat district, Manesar in Gurugram District with Palwal district. A number of housing, commercial and infrastructure projects have been planned along the route.

The entire construction has been delayed by over seven years for several reasons including the operational inefficiencies, controversies around land acquisition and various other litigations. The 53-km stretch between Manesar and Palwal was opened for public use on April 5 last year.

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7 Reasons Why Home Buyers Are Opting For Ready-To-Move-In Homes Now

Ready to Move Property

Home buyers are are now more than ready to purchase properties on an immediate basis rather than wait for construction to be completed. There are very good reasons for buyers to look for properties that are ready-to-move-in or OC ready in today’s market environment:

1. Cost Differences:

The real estate sector has gone through one of the worst downward phases in the last couple of years, resulting in lower new launches, price reductions and higher unsold inventories. These dynamics induced developers to offer very attractive deals, discounts and lot of freebies to attract buyers. Even though the market is slowly recovering, these dynamics are still at play.

Therefore, it makes a lot of sense for buyers to invest in ready-possession projects rather than wait for new projects to come up over protracted periods of time. While prices are beginning to rise again on the back of a gradual market recovery, this dynamic is still in its initial stages. This makes the current time optimal for buyers and investors to focus on ready-to-move-in options.

2. Cost of Rentals:

Most of these projects will be patronized by buyers who use bank loans, implying a significant financial burden. Not only do buyers have to pay EMIs, but also the rent on their current homes while awaiting completion of the project. Paying a little extra to acquire a house right away is cheaper than paying rentals over long periods.

3. Date of Delivery:

Under-construction projects in India are infamous for delays in completion, and that leads to buyers paying double the cost: EMIs as well as higher rentals while awaiting possession of their property. Even though delayed delivery of projects is due to several factors plaguing the real estate sector, many buyers’ financial situations do not permit them to wait beyond a point in time. EMIs plus the additional rental expenses take a toll on buyers who have invested in delayed under-construction projects, so the decision to invest in ready-to-move-in or OC-ready projects makes a lot of sense to them.

4. Rental Income:

A lot of investors buy homes with the objective of earning rental income, with an eye on eventual resale to cash in on capital appreciation. Purchasing a property in a completed project helps them to immediately start earning out of it through rentals rather than waiting a few years and locking their money away in a non-income generating projects.

5. Diminished Incidence of Dubious Developers:

The Indian real estate sector is still very fragmented, and there have historically been a lot of fly-by-night operators who duped buyers of their hard-earned money by collecting the initial sums and then vanishing into thin air. With RERA, such dubious developers will diminish in number; over the long term, the strict guidelines will ensure that only serious and genuine players operate in the market. For the time being though, buyers still feel justifiably vulnerable and want the assurance that finished projects offer them.

6. Supporting Infrastructure:

A lot of new projects are coming up on the peripheries of major cities where the supporting infrastructure like roads, electricity, water connections, etc. are not developed. They are promised only when the projects are completed, but under-construction projects have to wait much longer for deployment of basic infrastructure. This naturally puts off buyers, who want to move into their new homes and also start living life with decent facilities instead of waiting indefinitely for them to be provided.

7. Impact of GST:

GST implementation has resulted in reduced tax burden on buyers purchasing ready-to-move-in apartments. The tax on the entire cost of the project, including the land, will be levied at 12% – this should be enough for the builder to claim input credit, thus making OC-ready projects more economical for buyers.

Best Real Estate Destinations in Haryana

Real Estate Haryana

After the Gurgaon real estate market, there are some other destinations for real estate investment in Haryana. Sonepat and Kurukshetra real estate market is best for future.

Sonepat, a flourishing urban city in Haryana, lies just 16 kms away from Delhi and has emerged to be an important part of National Capital Region. Property in Sonepat is a hub of residential and commercial establishments that comprises of educational, corporate, industrial, hospitality and infrastructural projects. The city has a skyrocketing realty market that is witnessing a remarkable growth in almost all the sectors. Engulfed in rich green spaces, it is the most sought after destination by many buyers and investors and has several landmark projects coming up in various segments. Proximity to Delhi and great connectivity to some of the prime locations of Haryana add wealth to the city’s realty growth. The competitive property prices have made the place a desired target for many investors as well as developers as the prices are anticipated to appreciate considerably. Plots in Sonepat offer genuine benefits to all its investors as it gives you the freedom to build your home in your own style. The developers are eyeing this area as property rates in other parts of NCR are too high and they have an option to invest here and make quick profits in future.

An eight – lane express highway is also on the cards that will connect industrial areas like Sonepat, Bahadurgarh, Jhajjar, Palwal and Gurgaon. Many corporates are also proposing SEZ around the Expressway.

Kundli is the key locality in Sonepat that holds excellent investment potential due to the current and upcoming infrastructural developments happening like KMP Expressway, the 100-metre-wide road from the IGI Airport to Narela, the 5000 acres Rajiv Gandhi Education City and OP Jindal Global University in Sonepat Haryana, a proposed textile park, logistics park and improved rail connectivity.

Kurukshetra is an excellent investment destination that is rapidly flourishing with each passing day. Property in Kurukshetra is available in different options be it in commercial, residential or industrial segment. It is highly profitable to invest in Real Estate in Kurukshetra that will prove to be a money-turning affair as it is anticipated to scale new heights of turnovers in the coming years. Ample availability of property options across all the segments and for any purpose be it for purchasing or taking on rent and great infrastructural development are some of the factors that are attracting huge masses of people to make an investment in Kurukshetra City.

The property prices here are quiet reasonable as compared to other cities and this is what is catching the attention of the investors across the country. The investors are seeing the place as a lucrative investment destination that will fetch them good returns on the capital invested. Smooth and flawless commuting options, calm and peaceful environment and attractive and easy property options available are a few other reasons that add glitter to the glory of the city. Many top class builders are coming up with some big-time projects in Kurukshetra.

Why Sonepat is Hot Destination for Real Estate Investment?

Destination for Real Estate Investment

Sonepat, a flourishing urban city in Haryana, lies just 16 kms away from Delhi and has emerged to be an important part of National Capital Region. Property in Sonepat is a hub of residential and commercial establishments that comprises of educational, corporate, industrial, hospitality and infrastructural projects. The city has a skyrocketing realty market that is witnessing a remarkable growth in almost all the sectors. Engulfed in rich green spaces, it is the most sought after destination by many buyers and investors and has several landmark projects coming up in various segments. Proximity to Delhi and great connectivity to some of the prime locations of Haryana add wealth to the city’s realty growth. The competitive property prices have made the place a desired target for many investors as well as developers as the prices are anticipated to appreciate considerably. Plots in Sonepat offer genuine benefits to all its investors as it gives you the freedom to build your home in your own style. The developers are eyeing this area as property rates in other parts of NCR are too high and they have an option to invest here and make quick profits in future.

The residential segment in Sonepat is the most sought after as compared to industrial or commercial segments as there are huge land parcels easily available and that too at lower costs. Many big developers like Omaxe Group, Ansals, TDI, Landmark Group, Eros Group and Jindal Realty are coming up with latest and luxury residential creations in the region in the form of integrated townships which are a charming cluster of independent floors, villas, bungalows, or budgeted plots. These environment friendly townships allow an easy access to all the basic civic and social utilities like schools, colleges, hospitals, malls, etc.

The realty giant Jindal Realty Ltd, which is the real estate arm of the leading business conglomerate Jindal Group has launched a mega township project named as Sonepat Global City, in sector 33&35, Sonepat, Haryana. The signature project strategically stationed on the NH1 lies towards North of Delhi and is spread across 650 acres of spectacularly landscaped environs. The enduring township project incorporates several residential options in the form of spacious plots, opulent villas, urban farmhouses and independent floors to live a secured and comfortable lifestyle. The global city is a leisure destination that boasts of beautiful surroundings and has best-in-class infrastructure in the form of wide and well-lit metaled roads, regular power and water supply, wide walkways, theme parks and a modern security system. It offers a host of lifestyle amenities like multi-utility hall, kids’ play area, swimming pool, tennis and badminton courts, indoor games room and a shopping, and healthcare facilities.

For those who are looking for investment in floors in Sonepat, there are independent floor options available by the name of Pranava Independent Floors. These fine community living spaces offer 3 independent floors featuring 3 BHK residences with wide open terraces or front and rear lawn. There is a common access to top terrace and a reserved parking space for all the three floors. The air conditioned homes are smartly done with latest and trendy interiors and have provision for modular kitchen. The luxury living spaces overlooking the open greens let its dwellers experience a truly blissful living amidst all comforts and conveniences.

Sonepat: A Best Real Estate Hub of Near Delhi-NCR

sonepat

Indian land is seeing its brilliant days as the majority of the land advancements are sprucing up in each circle. The majority of the land organizations are likewise growing up with the expanding needs of property. One such land Developers named as Jindal Realty is denoting its immense nearness on the land situation. Sonepat, an antiquated town has now transformed into a prospering urban city. Set in Haryana, Sonepat is currently a dumbfounding center point of sumptuous private and business foundation. Couple of minutes from National Capital Delhi, Sonepat has approached as the notorious city for lodging, business, corporate, cordiality and instructive area. With an amazing development in all most everything, the city is currently picking up the enormous reaction of property-purchasers. Encompassed with lavish greenery, the town is a sought decision for purchasers and designers. With its availability with different real urban communities of Haryana and closeness to Delhi includes honest to goodness benefits for the property financial specialists.

Sonepat Property presents to you the best arrangement over the town and offers you the quality for your cash. With a very much qualified and expert group, the Jindal Realty ensures that its clients get the wanted arrangement. The firm not just makes it agreeable to put resources into a specific property yet one can have various advantages. Here you can get the most recent redesigns of realty part while being the solace of your home.

Upcoming High End Superior Residential Projects in Bangalore

Residential Projects in Bangalore

Bangalore as a real estate Sector

IT has been the major driver of Bangalore as a real estate hub. Immigrants from Tier II and Tier III are coming in and settling in Bangalore which is why the real estate is booming. The high class affordable projects are coming up in Mysore road, Hosur road and Kanakapura road to name a few. The new real estate affordable market is dominated by builders like Brigade Group, Shriram Properties, Ozone group, ILD group etc.

Residential Projects in Bangalore

Sobha Dream Acres is a superior quality residential project which is coming up in Bangalore. The project will be ready to take possession of its residential units by mid-2018. The residential spaces made are of 1000 to 1210 sq feet area. The project is coming up on Panathur road in Bangalore and is well surrounded by various universities, restaurants and bars, schools, hospitals, parks, multiplexes etc.

The project is well equipped with all kinds of world class amenities like sports, club house, meditation centre, landscape garden, rain water harvesting, 24 hours’ water supply, power back up, open space, day care Centre, multipurpose hall for gatherings and functions, ATM, 3 Tier Security, Gym and a swimming pool.

The project has a 13 storied RCC structure with pre cast technology. The kitchens have been made of superior quality ceramic tiling. The Balconies and utilities have been fitted with good quality anti skit ceramic tiling and skirting. In the living and dining you can see beautiful vitrified tiling done. And, the bedrooms have also been designed skillfully to match with the interiors of the house.

Sobha Dream Acres Pricing

Sobha Dream Acres have plenty of 2 BHK flats to offer in different configurations. The configuration of these flats is from 1000 sq ft which is priced at 60 lakhs to 1210 sq ft which is priced at 72 lakhs.

Mantri Manyata Lithos

Mantri Developers are launching another residential project called Mantri Manyata Lithos. The project is coming up right next to Manyata Tech Park. It will offer 2 to 3 BHK apartments which will be spread across 8 towers. There are penthouses too for those who like to live in independent bungalows. The community is well gated and it has a living area space of 1380 to 1875 sq feet. The penthouses have the area of about 2855 to 2970 sq feet. It has a private terrace area of 565 to 895 sq feet.

Mantri Lithos Price

The two and three BHK flats are priced at Rs 5840 per square feet. The price for each of the pent houses is in the range of Rs 6940 to Rs 7140 per square feet depending on the tower chosen. This project is well connected to schools and shopping areas. It is very closely situated to Metro Phase 2 station at Nagavada. There are all commercial and basic facilities around this project.