NCR real estate - Neharpar on tenterhooks

Also known as Greater Faridabad, Neharpar Area was incorporated in 2004-05 under the city's master plan. The location shares its boundaries with eastern periphery expressway, which connects with Ghaziabad, Noida, Faridabad and Palwal, lending it the status of an industrial corridor.

Sector 79 has been designated as commercial district by the Municipal Corporation of Faridabad. It is being developed with an objective of providing residential, commercial and office spaces to an essentially strategic location between Greater Noida and Faridabad. Greater Faridabad will also be very close to the Faridabad bypass road, which will connect the border of Delhi with Ballabhgarh and the adjoining industrial areas.

Infrastructure Development

In tune with these plans, a number of infrastructure initiatives currently underway will provide vastly improved connectivity:

- The KMP (Kundli-Manesar-Palwal) expressway will connect the Neharpur area with Delhi and Gurgaon

- A 3-kilometer flyover between Delhi and Faridabad which will ease traffic bottlenecks at the Badarpur border is near completion

- 6-laning of the existing bypass road starting from Badarpur, parallel to the Agra and Gurgaon canals is near completion

Further, Metro connectivity from Faridabad border to South, East and Central Delhi and various industrial/commercial centres like Badarpur, Tughlakabad, Mohan Estate, Sarita Vihar, Jasola, Okhla Industrial Area, Kalkaji, Nehru Place, Kailash Colony, Mool Chand, Lajpat Nagar Areas, Nehru Stadium, Lodhi Colony, Khan Market and Central Secretariat will make many of the key locations of central and south Delhi easily accessible.House in Faridabad are spread over a wide range

A number of malls now supplement the local markets - Crown Plaza Mall, Good Store and Lifestyle being among the major ones. The area now has the benefit of educational institutions such Echelon Institute of Technology, Apeejay School Faridabad, Palm Beach School for Autism, Modern Delhi Public School and the Institute of Aviation Management. Healthcare facilities include Apex Diagnostics and Polyclinic, Kilkari Paediatrics Clinic, Diagno Aide Pathology Lab and Kalra Child Care Centre. Also, the area has parks like Ecological Park, Swarna Jayanti Park and Destination Point.Invest in Flat in Faridabad to get more rent income

HUDA (Haryana Urban Development Auhtority) is planning to construct sector roads (sectors 75-89) in the Neharpur area, further augmenting connectivity. An investment of several crore has recently been made towards the improvement of water supply to the region.

Effective deployment of all necessary civic amenities and other infrastructure at Neharpar is likely to take another 2 to 3 years. Once these facilities are in place, Neharpar will be on a par with other major realty hotspots in the NCR region.

Investment Potential

Neharpar is developing into a megahub for residential and commercial projects. The biggest draw is that property is still available at affordable rates:

- Land - Rs. 12000-13500.sq.yd (primary market),  Rs. 9000-10000/sq.yd. (secondary market)

- Apartments - Rs. 2050-3500/sq.ft per sq. ft.

On an average, the region has witnessed price appreciation of approximately 30% over last 12 months. As such, the Neharpur area is still the most affordable in the NCR region if we take Noida Extension as a benchmark for affordability. Even considering the steep increase in prices over the last year or so, Nehapar remains a more cost-effective option than Noida, Gurgaon and other parts of Faridabad.

Given the projected infrastructure development over the next 2-3 years, Neharpar is definitely a promising mid-to-long term property investment bet. The area saw an unprecedented boom from January 2012, and though the boom has now slowed on account of the sharp and sudden upward movement of property prices, rates are still reasonable and therefore expected to hold. A correction, if any occurs, would be marginal.

As per the latest market conditions, it does seem like that there is an inventory overhang in fresh bookings, which will take 6-12 months to clear. There are a few resale units available which are primarily finding takers among buyers focused on budget homes. Currently, property transactions at Neharpar are at low ebb. The next round of demand will depend on:

- How fast the government executes infrastructure work

- The performance of the economy, and

- The generation of employment opportunities


Price Points

Property rates at Neharpar and Faridabad will stay steady between Rs. 3000-3500/sq.ft. for the interim.Faridabad Projects with imminent possession dates should move up to these levels, while fresh bookings will lag until the infrastructure work is given a push. In other words, only investors with a horizon of at least a couple of years can expect to see a meaningful rate of return on investment. In fact, nearly 90% of investors into Neharpar are looking for long-term gains

There is certainly scope for further appreciation in the Neharpur. Demand for property in Faridabad Sectors 88 and 89 is high as both are located quite close to two upcoming highways. In these sectors, the going rate for group housing ranges from Rs. 1400-1600/sq.ft. on the secondary market. In the primary property market, developers are quoting rates ranging from Rs. 1600-2200/sq.ft. The price of group housing has risen by between Rs. 150-200/sq.ft. over the last one year, and that of plots by about Rs 2000/sq.yd.

The major realty players in Neharpar include BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions and RPS (BPTP has the largest land bank). TDI also has plans for residential and commercial projects in the area.

Courtesy:Money Control

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Searching For a Property in Faridabad?

Faridabad is most commonly known for its base of industries, but it is emerging out to be one of the hottest property destinations in the NCR as well. A number of property developers have launched their projects of group housing in the Faridabad area, consequently, it has emerged out as one of the most desired residential hubs. One of the main reasons why more and more investors and buyers are searching a property in Faridabad is that the prices of properties in this area are much lower than other parts of the NCR including Gurgaon and Ghaziabad.
Connectivity: With the approval of metro linkage to Faridabad from sector 37d gurgaon projects and the building up of Taj Expressway, the connectivity of the area will definitely improve and it is going to be one of the most affordable and preferable destinations in near future. Another highway has also been planned that will start from the Kalindi Kunj, will run parallel to the golf course extension road projects  and will bypass Delhi merging in Faridabad. This highway will reduce the traveling time to the South Delhi thus providing a fillip for those who are searching a property in Faridabad.
Amenities: The Faridabad area provides some of the most lucrative infrastructure facilities such as water, drainage, sewerage and electricity in comparison to other areas. With better infrastructure, better medical competence and fast developing industry, Faridabad has been looked forward by investors and buyers as a lucrative investment option.
Rise in Prices of properties: The prices of properties are expected to see a boost in near future; the main reasons may be improved connectivity with other areas of Delhi and NCR, construction of Delhi Metro and completion of various Builders in Faridabad projects that are still under construction. During the last 10 months, it has also been seen that the rental value has not increased significantly because most people are considering to buy properties rather than renting them due to their affordable prices and easy availability of loans.

Article Source: http://EzineArticles.com/1214981

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Slowdown in real estate: Time for home buyers to go bargain hunting but exercise due diligence before buying

A slowdown in the real estate sector can spell opportunity for the prepared. Delhi-based publishers, Umraopati Ray, 30, and his wife PriyankaSaxena, also 30, own an apartment at PaschimVihar. As the slowdown in the National Capital Region (NCR) intensified, the young couple went hunting for good deals. Recently, their efforts were rewarded when they managed to buy a flat at VasantVihar at a price 15% lower than the peak rate witnessed in the area in the past.Gurgaon Property market witness a increase in property price

Pan-India slowdown

Real estate markets across the country are currently witnessing a downturn. In Mumbai, it has lasted for about a year now. Down south, it began about six months ago. The Delhi/NCR market was the last to be impacted by the slowdown, but here, too, the signs have been apparent over the past three months.

While developers have not slashed their prices overtly, the slowdown is visible in the drastic fall in the number of transactions. According to a Gurgaon-based broker, this figure has dwindled to 30% of last year's level. The speculators who had booked a large number of properties in the hope of exiting profitably in a rising market are now jettisoning surplus holdings, often at a discount. In the primary market (where you buy from a developer), the slowdown is evident in the large number of subvention schemes and discounts (ranging from 5-20%) being offered by cash-strapped developers. Another marker signalling a downturn is the widening gap between prices in the primary and the secondary markets (where you purchase from another buyer).Gurgaon Plots came with a outfit of increase in property price ...Apartments in Gurgaon for sale

 Source: http://articles.economictimes.indiatimes.com/2013-06-24/news/40166820_1_slowdown-real-estate-sector-dtz-india

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Rapid Growth in Faridabad Property Market

Faridabad is rapidly growing city among the top 10 cities. If you actually want to spend impressive life, consequently Faridabad is that the best relegate to live in. From the past a few years, Residential flats in Faridabad has urbanized extremely. Due to the industrial enterprise and urbanization, the city is fatly moving in haste. It is the strapping motive that Faridabad city became the best leave to stay in. Faridabad is that the place, where you'll simply obtain a possessions and be alive snug life. If you're accepted wisdom to get property on rent and hunt to purchase for, therefore 3 BHK Flats in Faridabad is that the exceptional choice.

You can acquire property in Faridabad that suits not exclusively your budget though also different concern like location, connectivity to your workplace location through metro or different mode of transport and a bunch of different factors on that convenience of living depends. Once it involves deciding regarding the best Property in Faridabad, you would like to look honest promotions ads on web portal within the property section. You'll get an excellent plan of the kind of residences or house out there available for sale and what's the present market trend.

A property broker that is reliable is that the best answer though can you make sure that he's so reliable. So, the sole fault proof option you're left with is to do your own analysis, evaluate your choices, qualify all the house or flats costs against the advantages you're without a doubt to urge from them and so plan to purchase Faridabad Projects. With these factors in mind, you're ready to venture into a property deal. Hope you're able to get the correct property for your purpose, whether or not for living or for investment purposes. It's essential that you just don't fall prey to myopic vision and evaluate all factors!

Read More:http://realestatepropertyinfaridabad.blogspot.com/

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Gurgaon property has witnessed a growth of 30-35%

Over the last number of years, Gurgaon property has witnessed a growth of 30-35% within the capital values. Although, thanks to slow execution of property comes, there's an enormous visit the contribution of Residential flats within the prime locations of the town, however there's tremendous increase within the capital values.

This can flow from to the subsequent reasons:

There square measure rampant delays in construction and possession. Around 500,000 units that were scheduled to be open for possession by the top of 2011 are delayed for one year or 2.

In the recent years, with accrued gross worth of world, individual’s square measure willing to pay additional for luxury. This has resulted in smart investment probabilities. This has additionally accrued the Flats in Gurgaon for Sale property market to grow.

Prime Location for Gurgaon Property:

With additional and additional individuals relocating within the town, Gurgaon property is brimful with new comes and opportunities. Umteen residential comes square measure rising on Southern Peripheral road connecting to NH-8. Apart from this, a number of the opposite hot locations in Gurgaon square measure golf links Extension, Sector seventy and Sector seventy eight and Dwarka main road. There square measure nice choices in Plots in Gurgaon for prime finish consumers to Mid-income client cluster.

The negative aspect of the coin:

Although, the Gurgaon property is enjoying nice investments however the image isn't same to all or any the properties. What is more, the appreciation in capital values for Gurgaon Property isn't important once all the factors, like higher interest rates on home loans and repair tax, square measure thought-about. Nominal capital admiration of property is also high by 25-30%, however the particular rate of interest, once adjusting all the monetary obligations, is sort of zip. Most of the investors square measure functioning on "No loss, No profit", and additionally there square measure investors United Nations agency square measure operating in loss.

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