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Sunday 29 April 2012

Avalon Group to invest Rs 400 cr on four housing projects

Realty company Avalon Group will invest about Rs 400 crore over the next three years to develop four housing projects in North India.

The Gurgaon-based company is coming up with these four projects, comprising nearly 3,000 apartments, at Bhiwadi, Dharuhera and Vrindavan.

"We have launched a housing project at Dharuhera having 800 units. We have also roped in Karishma Kapoor as our brand ambassador," Avalon Director Ajay Singal said.

Avalon Group is developing two housing projects at Bhiwadi and one at Vrindavan that together have about 2,100 apartments. The company is offering these flats in a price range of Rs 10-40 lakh.

Asked about investment on these four projects, Singal said: "The total project cost will be around Rs 400 crore, which includes land cost".

The company would fund the investment through internal accruals and advances from customers, director Ankit Aggarwal said.

Avalon Group has completed one housing project at Bhiwadi & 3 projects in under construction. Company  has started delivering the other housing project in the same city in phases. All projects have about 4000 units.

Talking about expansion, Aggarwal said the company has 200 acres of land bank in Rajasthan and Haryana for future developments. 



(http://economictimes.indiatimes.com/markets/real-estate/news-/avalon-group-to-invest-rs-400-cr-on-four-housing-projects/articleshow/12920631.cms) 

Tuesday 17 April 2012

Bahadurgarh and Rohtak are the new business destinations


Bahadurgarh, which may confuse you with some tourist ‘garh’ or fort, has been much talked about as an upcoming industrial hub these days. The place is highly approachable from Delhi for it is less distant from the capital and has good road infrastructure now.
The Delhi Metro route till Mundka has also benefited many people commuting to Bahadurgarh. Soon, Delhi Metro is slated to extend and pass through the heart of Bahadurgarh, which will change the face of this place. Similarly, Rohtak industrial belt is too set for a robust growth in the coming years because of the fast paced infrastructural development in the area.
Bahadurgarh
Industries and commerce poised to leap forward Earlier, the development of industrial belt or residential zone used to be the driving force behind creating road connectivity. But now, the road development plans and connectivity is deciding the way future cities are emerging, or are likely to come up. Kundli-Manesar-Palwal expressway, 135km-long, coming up around Delhi, is one of the best examples here, which would prove to be a bonus to Bahadurgarh.
Kundli-Manesar-Palwal expressway is set to prove the single major catalyst of both residential and commercial development in Haryana. Also known as Western Peripheral Expressway (WPE), it is already under construction. The corridor will see major industrial and residential development in the next few years. Already, major developers like TDI, Parsvnath, Ansals, Omaxe, etc. have started coming up with mega residential and commercial projects close to the expressway to cater to future needs.
The alignment of the expressway takes off from National Highway-1 near Kundli, crosses NH-10 at West Bahadurgarh, crosses NH-8 near Manesar, and finally joins NH-2 near Palwal. It passes through Gurgaon, Mewat, Rohtak, Jhajjar and Faridabad, which are the fastest growing urban centres in NCR.
To boost industrial development along the corridor, specialized industrial estates have been planned at strategic locations. They include footwear and leather-garments parks at Bahadurgarh, food park at Kundli in Sonipat, gems and jewellery park at Udyog Vihar in Gurgaon, and two apparel parks, one in Gurgaon and another at Barhi in Sonipat. Besides, we will soon see completion of a six lane project on Delhi-Bahadurgarh-Rohtak Road, which will bring major relief to the commuters on this highway.
Industrialists are quite happy with the on-going progress in and around Bahadurgarh. Amit Kapur, MD, Everest Blowers, says, “In terms of overall development of Bahadurgarh, it is progressing with good pace now. With Delhi Metro’s expansion plans, six lane Delhi-Bahadurgarh-Rohtak highway and KMP expressway, I can easily foresee a new Bahadurgarh in next five years.” Apart from widening the existing national highway, two long bypasses are also in the process of construction at Bahadurgarh and Rohtak. The bypass of Bahadurgarh would be 13 km long and bypass of Rohtak would be of 25 km.
“Though these road projects are running behind scheduled time, yet, once they become operational, will prove to be a boon for Bahadurgarh’s and the State’s economy”, says N.L. Narang, general secretary, BCCI, and owner, Filcard Industries. The Sector 16 of Bahadurgarh has been developed as a generalpurpose industrial area, Sector17 as a Footwear Park and Sector 4B, which is spread over an area of 189 acres, is the newest expansion area of the estate. Gulshan Kumar, DGM, HSIIDC, Industrial Estate, Bahadurgarh, District Jhajjar, gave a clear idea of current scenario these three sectors.
In Sector 17, out of 368, more than 200 plots are under construction and 10 units are carrying out production in full swing. Sector 16 has 241 plots in total, out of which 100 are in the construction mode and five units are in the production phase. Sector 4B, has 46 plots and only two are in the process of construction so far.
According to Amit Kapur, MD, Everest Blowers, “The industrial belt of Bahadurgarh is one of the oldest of all industrial areas in the NCR and up country areas. The industrial zone here is more that 50 years old, and we have been operational here since past 15 years. Talking specifically about Modern Industrial Area (MIE), nothing has been done for the area’s progress. The word ‘modern’ does not gel with MIE given problems like muddy roads and bad sewerage systems.
Water and electricity problems also exist but they are manageable somehow. In terms of overall development of Bahadurgarh, it’s developing with good pace now. With Delhi Metro’s expansion plans, six lane Delhi-Bahadurgarh-Rohtak highway and KMP expressway, I can easily foresee a new Bahadurgarh in next five years.”
Rohtak
The last one decade has seen remarkable growth and development in the NCR. Be it residential, educational or industrial sector several areas in NCR are on the upward move. While talking about industrial development in NCR one area that occupies the prime place is the Rohtak industrial belt. It has fast become a commercial and industrial hub in the NCR and offers a promising future for the new age entrepreneurs.
The locational advantage of the Rohtak Industrial Belt provides it a unique place and a large number of medium and small scale industries are located here. Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has developed an Industrial Model Township (IMT) in the area which is spread over 1200 hectares and runs along NH 10. “There are tremendous growth opportunities in this belt because of its strategic location and the absolutely no problems related to availability of labour and law and order in this part of the NCR. What we need to do is to improve upon the existing resources,” says Neeraj Gulati, a resident.
What will act as the prime mover for this industrial hub is the large scale infrastructural development and enhanced connectivity. “Focus should be on providing better transport and communication facilities to all those who all are working here. There should be proper bus and train services as a large number of people are working here in this industrial zone. Metro services should also be extended to this area,” says Nikhil Awasthi, who works in the area. To provide a further momentum for the growth of this industrial hub proper maintenance of the basic services is required.
Says Shikhar Sharma, owner of a manufacturing unit, “The need of the hour is to focus on problems like power shortage, sewerage system, maintenance and cleanliness of the area, etc. It is crucial for the future growth of Rohtak Industrial Area.”
In this regard some steps have been taken and in various industrial towns of Haryana work is already allotted for development of infrastructure. “As per sources, this includes a package of Rs. 166.22 crore for Industrial Estate at Panipat; Rs 85.22 crore for Industrial Estate at Bahadurgarh (Sector 4B) and Rs 78.40 crore for Industrial Estate Rai, Ph-II (Sector-38).
The work involves creation of services like road network, water supply, sewage system, storm water drainage system, horticulture works, electricity distribution network, etc”, says Romesh Vig, CMD, Micron Precision Screws Ltd, manufacturer and exporter of industrial and automobile high tensile fasteners. To sum up, looking at the state of affairs, it will not be a surprise to see Rohtak Industrial Area becoming one of the leading industrial areas in and around Delhi-NCR in times to come.

(Source- Economics Times)

Smart Community project initiative in Jhajjar by METI, Japan

Haryana The Japanese Government, through Ministry of Economy, Trade and Industry (METI), is sponsoring a Feasibility Study to build a ‘Smart Community’ at the proposed Model Economic Township in Jhajjar, Haryana. The study is being conducted by a consortium led by Mitsui & Co. Ltd Tokyo along with Toshiba Corporation, Tokyo Gas Co. Ltd, Energy Advance Co. Ltd, NEC Corporation, Panasonic Corporation, Tokyo Engineering Corporation and Mitsui & Co. Plant Systems Ltd.  On June 2, 2011, a Memorandum of Undertaking has been signed with IL&FS to assist the Consortium in its initiative. The Model Economic Township (MET) at Jhajjar, Haryana is being promoted by Reliance Industries and IL&FS, and HSIIDC, and is spread over an area of over 10,000 acres in Jhajjar District, a declared backward district, near Gurgaon. The total quantum of investment envisaged in the project is of the magnitude of Rs 150 billion to 200 billion, and will be developed in a phased manner. MET is envisioned as a distinctive integrated City which will be a bench mark for Industrial Townships in India. The MET will comprise of industrial, commercial, residential and Institutional sites integrated together for operational convenience and promoting a walk-to-work culture. These will be supported by social infrastructure, integrated connectivity and transport infrastructure, reliable and uninterrupted power supply, non-conventional energy sources and state-of-art information and communication technology. MET is being especially positioned for Japanese Corporates through the provision of high quality infrastructure and services of global standards. Several Japanese majors have shown a keen interest to set up their high end operations in MET. These include Mitsui and Panasonic amongst several others. The METI sponsored study is a validation of the keen interest of Japanese Corporates in MET and the State of Haryana. In addition to Master Planning, the study will primarily focus on the fields of Energy, Water Supply, ICT, Security systems & Eco Friendly Housing. The objective is to assess the needs, determine the applicable technology and formulate appropriate business models for delivery. The study will also cover projectising individual initiatives on a commercially sustainable basis through appropriate corporate frameworks.

(http://content.magicbricks.com/smart-community-project-initiative-in-haryanaby-meti-japan)

Dharuhera: Bridging distances

Dharuhera and Bhiwadi, which are now easily accessible through Gurgaon-Jaipur highway, are an ideal destination to set up homes for scores of middle class families who cannot otherwise afford a house in Gurgaon or Delhi. The townships are better developed in terms of industry and infrastructure, making it more feasible for real estate development, compared to Manesar. With Gurgaon becoming a megapolis, and over commercialization turning into a bane, prospective buyers now have to scout for alternative destinations around the city. The beneficiary of this spillover is NH-8, also known as the Jaipur highway. Two places benefiting directly from this malady, something that is fast becoming visible as well, are Dharuhera and Bhiwadi. Located along the NH-8, they promise to grow bigger in the years to come. Already dotted with scores of industrial units manufacturing everything from sanitary ware and biscuits to auto components, some realtors say the Reliance SEZ could have a two-fold effect on real estate development in Neemrana. Coupled with the already skyrocketing property rates, Neemrana is also expected to be the most viable option for those looking for a weekend home. Experts say it would still turn out to be cheaper than staying at the Fort hotel. AC Michael, general manager (Corporate Communications) of BPTP Limited, says the graph, has already started on its upward swing. The proposed 25,000-acre Reliance Industries Limited (RIL) promoted special economic zone (SEZ) promises to change the face of the road. To be set up on land stretching along Garhi Harsuru near Manesar and Badli on the Farrukhanagar-Jhajjar road, India’s largest SEZ promises to catalyze investments up to Rs 1,00,000 crore, when completed in 5-10 years. To top it, the much-awaited Kundli-Manesar-Palwal expressway will also cut through NH-8, further fuelling rates in Bhiwadi, Neemrana and even in the outskirts of the Pink City — Jaipur. Since the RIL announcement, although the market was facing a downturn for some time now, realty rates in the area have not fallen. And, once again, Dharuhera and Bhiwadi have cashed in on this phenomenon. This is a reason why every major builder in the NCR has invested here and is developing apartment complexes/townships. According to Sandeep Goel, MD of MSX Developers Pvt Ltd, Dharuhera, even before Bhiwadi, has witnessed record progress on the industrial front in Haryana, in the last few years. The fast-paced industrial and IT development taking place in the area has provided impetus for a rapid growth to real estate and encouraged developers like Parsvnath, Omaxe, Dwarkadhis, GTM, Raheja, Bestech, Avalon etc, to set up townships and retail centers in the area. This naturally puts pressure on the housing needs, prompting real estate developers to cash in on the boom. Though primarily an industrial town, Bhiwadi picked up momentum after residential developments started mushrooming in the area a few years ago. Being the gateway to Rajasthan, it is now the most promising industrial area in the NCR where more than 1,400 industries are already operating. The town is also building a dry port to allow direct dispatch of export consignments. Rohit Modi, MD of Aashiayana Group, says the town now boasts of state-of-the-art residential projects, including a retirement village. He adds that as people make a beeline for Gurgaon, Bhiwadi will be the next big stop in the area. Rakesh Yadav, MD of Antriksh Group, says with regular transportation system operating between Delhi and Bhiwadi and with the proposal to convert the Delhi-Jaipur highway into an expressway, it won’t be long before you have breakfast in Bhiwadi, lunch in Delhi and dinner back in Bhiwadi. In fact, real estate developers says Bhiwadi is one of the most suited destinations for both working-class couples in the NCR and even senior citizens who want to settle down in a peaceful and pollution-free environment. Experts say it would still turn out to be cheaper than staying at the Fort hotel.

(
http://content.magicbricks.com/delhi-jaipur-highway-on-fast-track)

Sunday 8 April 2012

Neemrana likely to get new airport


With a push from the Ministry of Commerce and Industry, Rajasthan may soon see two new airports — in Neemrana and Jodhpur — while the international airport in Jaipur may be upgraded.
Saying that Union Commerce and Industries Minister Anand Sharma had pledged his full support, Chief Minister Ashok Gehlot said the airports would help boost exports from Rajasthan.
According to the state bureau for investment promotion, the Neemrana and Jodhpur airports would serve two national investment and manufacturing zone (NIMZ) projects already notified by the union cabinet. “The approval for the Neemrana airport has been given, but Anand Sharma has promised to expedite its realisation,” Gehlot said.
The two NIMZ projects include the Khushkhera-Bhiwadi zone and the Jodhpur-Pali zone. While the former has already been approved, the latter is to be developed in the near future.
“The Government of India will fund the cost of infrastructure of Rs 2,500 crore for five years for the Khuskhera-Bhiwadi Zone,” said Sharma, a Rajya Sabha member from Rajasthan.
Sharma and Gehlot held several meetings on Friday and Saturday to discuss among other industrial projects, the Delhi-Mumbai Industrial Corridor (DMIC). The union minister also inaugurated the country’s second spice park in Jodhpur on Saturday.

(http://www.indianexpress.com/news/rajasthan-likely-to-get-2-new-airports/933873/)