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.

Real 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.

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

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

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?

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

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

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.

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Top Residential Apartments for sale in Noida

Noida is emerging to be a preferred real estate market both by investors and end-users having a wide range of options in commercial and residential sector. The several infrastructural uplifts of the city complimented by good metro connectivity and excellent road network have led to the fast paced real estate development of the city. This growth in the city and its adjoining areas has resulted in a boom in residential real estate sector creating a huge demand for residential projects in Noida.

Some of the remarkable Residential Apartments in Noida are:

Gulshan Botnia Noida Expressway is the latest offering from the well reputed real estate developer Gushan Homz. This upcoming venture is located in Sector 144 and is well linked to the prime areas of the city via Noida Expressway, Delhi metro, DND flyover and FNG Road. The urban homes are well stocked with first class comforts and facilities and are a preferred location by the working segment of Delhi and Noida. The complex in itself is a complete world within boundaries that includes all the modern and sophisticated facilities and has lush greeneries around to let its residents fell relaxed and refreshed. Its excellent features make it one-of-its-kind residential project in Noida and offers spaciously built 2 and 3BHK apartments stretching across 1025-1475 square feet.

Ace aspire is another intricately planned and beautifully designed residential creation by the famous Ace Group, coming up in the heart of Greater Noida West. The innovative spaces are spread across 7 acres of landscaped terrain and include 2 bhk, 2 bhk+study & 3 bhk thoughtfully planned residences available at affordable prices in the range of Rs. 44.08 – 60.61 Lacs, backed by flexible payment plans for the convenience of the buyers. The gated complex has all the basic as well as stunning facilities that attracts its occupants and promises them a lifetime of happiness. Thus the high end homes with their club class service offer a refined lifestyle in a place like Greater Noida which is rapidly expanding suburb in NCR.

Ace Golfshire is another ongoing residential project by Ace Group that is planned, conceived and developed to create a perfect balance between urban and eco-friendly living. The modern development is next to Noida Expressway and has lavish lifestyle facilities and a great environment that offer you paramount happiness. The premium homes are conveniently located in Sector 150, Noida and are well connected to the major locales in Greater Noida, Delhi and Greater Faridabad. Ace Golfshire Price starts from 60.34 Lacs onwards and are supported by construction linked payment plans attracting people to invest in this rapidly developing area of Noida. The grand campus is embellished with modern day features and facilities that offer endless recreational options.

Shapoorji Pallonji Parkwest: A Contemporary Nest of innovative Edifices

The real estate market is ever evolving in Bangalore and with the new IT hub in Bangalore it is growing at a very fast pace. Central Bangalore is one of the prime locations and works out as the most convenient place of stay for all the Bangaloreans.

Shapoorji Pallonji Parkwest is a new massive residential venture by Shapoorji Pallonji multi business conglomerate. This business group is indeed one of the oldest business conglomerates with 150 years of legacy. The Shapooji Pallonji is a huge real estate project that has been designed to innovate and adapt to the ever changing market of Bangalore. It is the project which is under pre launch phase and has been designed to be called as one of the architectural icons. It is a huge project which is coming up in Shapoorji Pallonji Parkwest Phase 2 of Central Bangalore.

Project details and specifications

This project is spread across 47 acres of massive land area and most of the space has been left free to enjoy the nature and the lush greens surroundings created around. It has a combination of both independent apartments and penthouses designed to suit your needs and specifications. The project offers spell bound view of the beautiful city around with lot of air ventilation and natural light. It has a beautiful set of amenities like Cricket ground, reading corner, club house, bio Diversity Park, skating rink, amphitheatre, biodiversity park, aromatic herb garden, tennis court etc. The apartment configurations are 1, 2, 3, and 4 BHK residential units. The possession is available since 2019 onwards.

Pricing and location advantages

The best part about the pricing and payment procedure with Shapoorji Pallonji is that you are required to pay only 20% of your total pay at the time of purchasing and the rest can be paid in small yearly installments. The price of per square feet area starts from Rs. 6800. The details of the same could be revealed on request. The location is one of the biggest pluses of this project. The vicinity is surrounded by restaurants, schools, hospitals, shopping malls, banks, ATM’s University and other educational institutes.

Buy Dream Home with the Rise Resort Residences

Property in Noida is soon becoming famous for housing some of the major innovative residential developments in prime locations of the city. Greater Noida (West) is expected to be premium real estate market having some of the well planned properties by the leading realty giants and attracting the attention of high class investors.

Another most eagerly awaited residential project in Noida is Rise Resort Residences, which is the latest offering by the developer Rise Projects Pvt Ltd. The proposed premium residential venture is a classy habitation adorned with extravagant and flashy features. It is an incredible creation that boasts of modern style, flawless planning, and excellent architecture and shall be well be embellished with rich appearance.

The magnanimous campus of Rise Resort Residences, Noida is widespread in 120 acres of land and will house lavishly built 690 villas and 500 duplexes varying in sizes and dimensions. The grand villas will be designed and developed in the dimensions varying from 3000-6100 square feet and will feature a separate kitchen at the roof top and an individual golf cart in each villa. The villas boast of exclusive features that create a new trend in the residence industry.

The distinguished development of Rise Resort residences, Noida is replete with premium services and facilities like renowned educational institutions, medical facilities, banking, restaurants etc. Other lifestyle amenities available are a cricket pitch, 9 hole putting golf course, club house, kids play area, meditation center, fully equipped gymnasium, ample car parking, open landscaped spaces and rain water harvesting. The occupants can get the privilege to spend some precious moments with their near ones in a wonderful environment where the tweeting parrots and chirping birds welcome you every morning.

The urbane development of Rise Resort residences will be prominently located in sector 1 of Greater Noida, which is a major suburb of the city. It is well linked to NH-24, DND Flyway, FNG Expressway, Yamuna Expressway, Noida-Greater Expressway and to other prime zones of the city via numerous rapid passages. This location is the hub of high end real estate developments.

The sophisticated abodes of Rise Resort Residences, Noida are available at prices varying from Rs.2.10 Crs to Rs.4.27 Crs supported by flexible payment plans.

Hence it is place unlikely to be found anywhere else due to its innovative features and awe-inspiring facilities complemented by great connectivity.