Dharuhera – Riding the affordable housing wave

Dharuhera has emerged as a promising destination as far as real estate in and around the National Capital Region (NCR) is concerned. As Gurgaon reaches a saturation point in terms of the population it can accommodate, development of infrastructure, residential and commercial real estate, in the adjoining locations are being sought by state authorities as well as private developers to meet the seemingly insatiable need for housing here. Further, development of transport links like the National Highway 8  have ensured a significant reduction in travel time, so much so that executives working in Gurgaon may reside at Dharuhera and not lose sleep over the commute to their workplace. Dharuhera is situated in the Rewari district of Haryana and is fast emerging as an industrial hub of Haryana. Hero Honda, Lumax and SAB Miller are among the major industries located here. The level of infrastructural and industrial development being higher than most neighbouring areas, a number of Indian corporates and MNCs are making a beeline for Dharuhera. Commercial expansion will naturally entail real estate development – to provide accommodation for those employed in these industries. Moreover, the demand would be for affordable housing options priced under Rs 50 lakh. This is being cashed in by a number of developers like Vipul Group, Avalon,  Bestech and Parsvnath who have launched affordable housing projects in Dharuhera. The Vipul Group’s “Vipul Gardens” is an affordable group-housing project strategically located on NH 8. This project was launched in early 2010 and is expected to take approximately 30 months to complete. It offers 1, 2 and 3 bedroom apartments in a price range of Rs 15-35 lakh. According to Dipankar Chaudhury, marketing manager of the Vipul Group, “The response so far has been decent considering that the project is still in its early stages and gives reason to be optimistic about the future.” The target end users for Vipul Gardens comprise people employed in the neighbouring industrial areas of Bhiwadi and Rewari, in addition to those working in Dharuhera itself. Moreover, the commercial hub of Industrial Model Township (IMT) Manesar, 24km away, is expected to provide ample clientele for this project. The Parsvnath Group launched “Parsvnath City”, an integrated township in Dharuhera, comprising three residential projects – Parsvnath Pleasant, Parsvnath Elite Villas and Parsvnath Elite Floors – all expected to be completed within the next two years. While all three projects have residential options available at sub-Rs 50 lakh range, Elite Floors is being tagged as the flagship affordable housing project offering builder floor apartments within a price range of Rs 17-23 lakh. These are G+2 storey apartments covering 240, 300 and 400 square yards. Parsvnath Pleasant and Elite Villas are airconditioned luxury housing options priced at Rs 40 lakh and above. According to Sachin Chopra, senior marketing manager of Parsvnath Developers, “The response has been fairly good and there is a significant demand from end users, especially for Elite Floors.” He further says: “People currently residing in Gurgaon as well as other localities in the Delhi NCR have expressed interest in this project due to the low price range and the advertised facilities within the integrated township of Parsvnath City. Good connectivity – the site is strategically located on a national highway – is an added advantage. Parsvnath’s projects break the clutter by offering low-rise structures and luxurious facilities at very affordable price ranges.” Bestech City is an integrated township launched by Bestech Developers at Dharuhera on NH 8. Its major residential project is “Bestech Park View Delight”, which comprises 2, 2+study and 3 bedroom multistorey apartments with a starting price range of Rs 18-22 lakh. In addition, Bestech City offers within the township facilities like a nursery and primary school, nursing home, among other. According to Kumar Shashi, marketing manager of Bestech Group: “The response has been very good and only 20-30% of the residential options are still available for sale. The clientele is varied and comprises people from Gurgaon, other regions of the Delhi NCR, as well as executives working in the neighbouring industrial areas.” He adds that Bestech’s reputation with regard to timely delivery of apartments is what makes it stand apart from the rest. Park View Delight is expected to be completed in the next R three months.Avalon Launched "Avalon Rangoli" that is a very good project for Investment. Residential development in Dharuhera is being driven by the affordable housing bandwagon. While distance from the more developed regions of Delhi and Gurgaon may work against it, the availability of low-cost housing options is expected to bring in the masses due to the rapidly rising property values in Delhi and Gurgaon. The proposed widening and expansion of the NH 8 bodes well for the upcoming residential projects in this locality as it will further cut travel time. Thus, Dharuhera is a locality to watch out for in the next two years, by when most of the current projects are expected to be complete.
(Source - magicbrics.com)
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Umesh Kumar
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Investment zones on NH-8

Several builders have announced projects along the NH-8, in anticipation of future development along this stretch. Here, some of the developing belts like Dharuhera, Bhiwadi, Neemrana, and Kotkasim are taking advantage of their location; residential projects, educational institutions, healthcare facilities and modern urban infrastructure are the USP of this zone.
The region, fanning out on a radius of about 30km, including Gurgaon, Manesar, Bawal, Tapukara, Neemrana, Khushkhera, Bhiwadi, Shahjahanpur, Behror and Kotkasim, is expected to have investment worth millions of dollars in its industrial sector. The Delhi-Mumbai Industrial Corridor along NH-8, where multiple Special Economic Zones (SEZ) have been approved by the government of India, is attracting Foreign Direct Investment (FDI) in real estate, information technology (IT-ITeS), automobiles, glass technology and services industries, etc, from Japan, Singapore, Malaysia, the US, Korea and China.
According to one estimate, the emerging industries in this region are expected to attract nearly 1.5 million skilled and semi-skilled working people from all over the country, and abroad. Honda Motors, Asahi, Saint Gobain and Musashi, have already set up some of the world’s largest car and glass plants in this corridor. American companies like Becton, Dickinson & Company and Hollister are also in the process of establishing their firms here.
Developing areas
Kotkasim
Projects like the Japanese Industrial Zone and the National Investment and Manufacturing Zone near Kotkasim come under Mundawar tehsil of Rajasthan’s Alwar district. A rapid transport system has been planned near Kotkasim, apart from a bullet train service between Delhi-Neemrana. Another big development in the area is the plan for an airport in Kotkasim; this has been proposed to facilitate the mobility of CEOs of international and national corporations that are setting up shop here. Bhim Yadav, the chief executive officer of Falcon Realty Services Pvt Ltd, says: “We are developing a Global Eco-City near Kotkasim in Alwar along the NH-8. The project will be raised over 35 acres in the first phase and will encompass a mix of executive homes, weekend homes and premium villas. Our understanding of the consumers’ requirements and what should be offered to them has helped us in designing the largest secure, gated and master-planned community development on NH-8.” “Because of the global investments coming up on the corridor, Global Eco City’s Jacaranda Crest has been designed keeping in mind the profile of clients, a majority of whom will be from abroad. There is an urgent requirement of almost 3,000 luxury houses to accommodate these top professionals,” Bhim Yadav says.
Dharuhera
One township that has risen from obscurity and emerged as a promising land is Dharuhera. Some of the highlights of Dharuhera include investments worth Rs 3,000 crore in Bawal, a car plant of Honda Siel in Khushkhera, the KMP expressway, the SEZ of Reliance, the Japanese corridor, etc. The facilities in this satellite town do not end here. It boasts of shopping malls, a cineplex, hospitals and schools, a bus stand, a police station and ATMs of leading banks – all adding to the charm of living a modern lifestyle in an urban setting. Some leading realtors like Avalon, Bestech, Parsvnath, Ansal (API), M2K, Tivoli, SNG and BCPL-Vardhman are tapping into its huge potential and making their mark. Jaideep Aggarwal, the director of Vardhman, says: “Dharuhera, which has emerged as one of the prime locations for living after Gurgaon and Manesar, has huge potential. It offers promising returns on real estate investments, as its close proximity to Delhi offers best value for money for investors.” Vardhman has launched its first residential project, Springdale, in Dharuhera, along the NH-8. Springdale offers smart architecture, which simply means more space and privacy. Navin M Raheja, the managing director of Raheja Group, says: “The eight-lane expressway on NH-8 not only lets commuters reach the airport in just half an hour but once the KMP Expressway is functional, commuters will also be able to reach cities in Punjab and UP at an unbelievable speed.”
Neemrana-Behror
Situated on Delhi-Jaipur NH-8, Neemrana-Behror is expected to have top-class residential developments. With multi-dimensional development on in the region, the reality graph in Neemrana-Behror is on a high. Proposed green townships like Officer Enclave will be the icing on the development cake and offer investment options as well as luxurious living. The Rajasthan government is stressing a lot on the development of this entire zone as a modern urban area. The current industrial boom is boosting the real estate in this area. This area is also a high-density tourist zone.
(Source: Times Property in The Times of India, New Delhi)

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Dharuhera: The next big satellite city in the NCR

Business and commercial firms are eyeing Dharuhera as a future industrial and warehousing hub owing to its proximity to the KMP. Dharuhera, which is an industrial town, is expected to be the next residential destination by market sources. Located on NH-8 in Rewari district, Dharuhera is on a 30-minute drive from Gurgaon and is 40 minutes from the IGI airport. It has the makings of the next big satellite city in the region, and is attracting a number of prominent developers. Dharuhera has gained the attention of all business and commercial concerns for future industrial and warehousing options, with proximity to the KMP, RICCO industrial place making it an ideal destination – having the latest hero Honda Plant on the highway is an added incentive.
                         Rajesh J Aeren R, the vice-chairman and managing director of Aeren R Enterprises, says that as Dharuhera industrial estate is located on both sides of NH-8 and has many large manufacturing plants like Hero Honda motorcycles and Delphi Automotive Systems Pvt. Ltd., it has marked itself out for rapid development. “The township is attracting many real estate developers like M2K County, Bestech City, Parsvnath, Vardhman and Raheja Builders,” he says. Owing to the heavy tourist inflow along the golden triangle, this highway needs to be developed along internationally accepted standards of infrastructure and real estate ventures, both residential and commercial, in order to showcase it to potential investors, Rajesh J says.
The capital value of apartments in this area is from Rs 2,000-2,800 per sq ft. It is a place away from Gurgaon and offers the peace and tranquillity of a suburb. “For buyers looking to live close to Gurgaon at affordable rates, it would be an ideal investment. The development of this area is under way and many builders are making their residential and commercial projects here.”
Manoj Goyal, senior vice-president of Raheja Developers Ltd, said that Neemrana, Dharuhera and Bawal will become one of the biggest industrial zones in the next 5-10 years. Ravi Saund, the chief operating officer of CHD Developers, says that it is a good idea to invest in Dharuhera, as the value of property there is likely to increase, five years from now. “For someone with a budget of Rs 20-25 lakh, who cannot afford in Gurgaon localities, he should block it with an investment in Dharuhera,” Saund says. Several developers are coming up with projects, at Rs 3000-3500 per sq ft, in Dharuhera and Bawal.
With several companies setting base here, the commercial expansion promises enormous scope for future job opportunities. This, in turn, will bring about demand for affordable housing, in the price range of Rs 15 lakh to Rs 30 lakh. This is already being tapped by several developers like Vipul Group, Bestech and Parsvnath, who have launched affordable housing projects in Dharuhera. The availability of low-cost housing options is expected to bring in more demand due to sky-high property values in Delhi and Gurgaon. The proposed widening and expansion of the NH-8 bodes well for the forthcoming residential projects in this locality, as it will further cut travel time. Talking about the slow-paced development in Dharuhera, Kunal Banerji, the president of M3M Group, said it is just like the way Gurgaon developed — first it was just a desert with no infrastructure. Then there was a master plan, which increased the accessibility, made provision for schools, hospitals, sector roads, etc.
(Source: Times Property in The Times of India, Gurgaon)

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BHIWAI MALL MANIA

         BHIWAI MALL MANIA STARTS 

This Festive Season, Bhiwadi Opened its First Integrated Mega Mall

Gone are the days when local Bhiwadi residents had to brave the heat & dust and go all the way to Delhi or Gurgaon for grabbing that ultimate mall-hopping experience. With destination Bhiwadi become an exciting reality, the residents can bask in the glory of ace malls coming in the town itself! There is an entire line up of these malls witha few already operational and the others raring to go in a while. Now just that, these malls are powerhouses of all state-of-the-art facilities you ever dreamt of. Every little aspect of your comfort is well taken care of. 

 There are ample spaces for your conveniences, both open and closed. The fast moving capsule lifts adhere to the latest state-of-the-art technology. The campuses are fully  secure with fire alarms and well-trained security staff on petrol 24*7. 

 Also known as Gateway of Rajasthan, Bhiwadi is the fastest growing satellite town on the outskirts of Delhi offering a sound business opportunity with and attractive investment potential. Perhaps that's why all the major real estate developers have pitched in to make Destination Bhiwadi a world class entertainment hub! Capital Mall by R-Tech developer at gaurav path (inaugurated on 20th October'11). BB mall by Jagrit Infrastructure, Genesis mall, Avalon Plaza, Avalon Galleria, Krish Mall, Spectrum plaza by BDI & Aangan plaza by Aashiyana Housing etc. are a few world class malls & High street markets to look out for. 

And, Yet these malls are not be sought after just for there infrastructure. You simply have to look around and indulge your senses in the richness of the aromas of the coffee served at the World class Cafes in these malls. Or indulge your taste buds in the sumptuous multicultural cuisine on roll at various restaurant. Or better still, indulge your pocket at various high end brands in mens & women's apparel, sports, accessories & jewellery, kids wear, electronics, home furniture etc! And when you are trying doing all this, just walk into one of the premium spas and sort yourself out by a relaxing and rejuvenating massage!

 

 The capital mall, inaugurated just before Diwali had a phenomenal 45000-50000 footfall on the day of Opening itself! in fact, the trend continuous till date. This is quite high as compared to the initial turnout at number of malls in Delhi or Gurgaon. The capital mall houses the Reliance Super Hyper Mart spread around an area of 35000 square feet and Reliance Footprint in 10000 square feet. Beside the mall also caters to kids segment thought the outlet Lilliput World. Your visual pleasure are also taken care of, courtesy the 3 cine multiplex by Gold Cinema in 35000 sq. feet, also there in a village center placed in Ashiana Village. The center houses has a number of food outlets. However the highlight of the Village Center is the Easy Day,  a one stop destination for all your utilities. Easy Day opened up last year and has already received a tremendous response from the locals. Other attraction include a Amul Ice-cream parlor, designer boutiques, Sunshine Kidswear, Guardian Pharmacy etc.

Apart from malls Bhiwadi also offering recreational and sports facilities like swimming polls, fully equipped gymnasium, spas & saunas, restaurants, bars, libraries, indoor & outdoor sports like badminton, squash, billiard, & lot more. Resort like Classic Golf Course for golf  lover's  & Country Club for entire family at Manesar & Amanbagh at Alwar a contemporary sanctuary playing homage to India's golden age & the historic landscape of Rajasthan are in close proximity providing the best options for refreshing weekends which will relax you to the core.  

Yet another attraction in the pipeline is the 4 star Hotel ARAVALI ASHOK & BESTECH 7 star resort in Dharuhera due to be operational soon. So with all comforts and pleasure of a modern lifestyle at their doorstep, residence of Bhiwadi can truly metamorphose into global citizens. With so many malls & recreational facilities at there disposal, these Global citizens are truly spoilt for choice!

   

3 Cine Multiplex, Huge Hyper Marts, Multi-Cuisine food Courts, Entertainment Zone, Kids Zone, High-End Women & Men Apparels Brands, Largest Electronics, Home Furniture, Coffee Shops for chat & many more been planned in the malls to give an ultimate experience to the Visitors.

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Bhiwadi Metro (Bullet Train)

NOW DELHI TO BHIWADI IN 45 MINUTES
COMING SOON  Air-conditioned rail network that will drastically reduce travel time

In four years time, One can travel to Bhiwadi, Alwar, Meerut, & Panipat in half the time it takes now from Delhi.

This will be possible through high speed bullet trains running on dedicated tracks at maximum speed of  160 km hour, which is higher than the Rajdhani Express currently. One can then reach Bhiwadi in 45 minuets, Alwar in 117 minutes, Meerut in 63 minutes and Panipat in 61 minutes.

At a large stage, 16 towns in the National Capital Region (NCR) will be linked to Delhi through this Air-Conditioned rail network.

The union urban development ministry on 29 june,2011 signed an agreement with the governments of Uttar Pradesh, Rajasthan and Haryana to create the Regional Rail Transit System (RRTS). “We are setting up a joint venture company called National Capital Region Transport Corporation (NCRTC) to implement the high-speed rail project. An agreement with the ect. An agreement with the three states was signed today (Wednesday). It will be similar to Delhi Metro Rail Corporation. Each corridor could be implemented through its subsidiary,“ said Navin Kumar urban development secretary. urban development secretary.

For implementing the RRTS, Broad-gauge tracks will be laid in Delhi and its three neighboring states.
This will be the first phase of the RRTS and is expected to become operational by 2015. The feasibility report for the three corridors will be ready by the end of August.

In the second phase there will be five more corridors (see upper pic.). “While a majority of the track n Delhi will be underground, in the other states it will be a mix of elevated, on ground and underground. Initially each of the trains will have six coaches, to be later be upgraded to nine,“ Kumar said.
The trains will have an automatic fare collection system.

The Center and three state governments will fund the project. “Both the stakeholders (the Center and the states) would contribute 50% each. We also plan to raise funds through property development along the corridor and loans from multilateral agencies. The possibilities of private participation in the project are also being examined,“ Kumar said.
In Delhi, multi-modal stations will be provided to integrate the RRTS with Delhi Metro and DTC. There will be feeder services also.

An urban development ministry official said 11.7 lakh passenger modes (private vehicles, buses, trucks, etc.,) cross Delhi borders every day. “The RRTS would go a long way in decongesting the traffic in the NCR,“ said the official.

                            "An aggreement with
                             the three states was
                               singed. It will be
                            similar to Delhi Metro
                                Rail Corporation."
                                                 NAVIN KUMAR
                                          Urban Development Secretary




                                       Project Details (In figures):

                             DELHI-GURGAON-ALWAR 
                                 188 km distance would be covered in 177 minutes.
                                             Tracks mostly over ground 
                                    Station Delhi, Gurgaon, Manesar, Dharuhera
                                                 Bhiwadi, Rewari, Bawal, Shahjahanpur
                                                       Khairthal & Alwar
                                        Projected rideship of 7.43 lakh per day in 2016  



                                    Cost of Projects (Including all three corridors) 

                                   Rs. 290 cr/km Cost of Underground Section
                                   Rs. 130-140 cr/km Cost of elevated section 
                                   Rs. 40-50 cr/km Cost of on-ground section  



"The future looks bright with the possibility of  super-fast bullet trains becoming a part of our lives. The plan, in its initial stage now, could be a reality by 2015"
      

For more details of any plan &  property in this region contact me:

Umesh Kumar

umesh.advisors@gmail.com

+91-9873780487