Present day group housing society’s projects present lavish and clemency to its residents. The developers would like to offer all the modern-day living style and all the lavishness such as recreational activities, healthy living and improved imaginative demand. Almost all the contemporary housing societies are identified in a very big area where all the features and facilities are given to the residents smoothly.
All the relaxation landscapes are provided within the boundaries of the society so as to inhabitants can enjoy their daily life completely within a short span. These cultures are coming under recently developed area, that is the reason they are provided with all the progressive possessions where all the requirements of daily life can be achievable within the society for their stimulating necessities. Therefore, which humorous facilities are presented to the inhabitants in contemporary societies? Parks and gardens are the most obvious feature which is provided to the residents.
Properly conserved green areas which are concise and transformed give the sensual desire and pleasure. Parks, gardens and open green area is amazing which is used by all age group of people from children to old aged like play area for children and other sports and physical activities, walks and jogging or sitting on bench for youth and old aged people. For youngsters, there is a separate donation given to play in a separated park. On the other hand, there would be another swanky provision for different abundant activities, indoors and outdoors like entirely armed gymnasium, badminton and tennis courts etc. Sports are the most valued activity which is done by kids and adults both to keep them vigorous and passionate.
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Real estate market in Delhi NCR market is having world-class residential buildings in today’s time and this is going to capture all the residential area very soon. This concept of dwelling in high-rise buildings was taken by Dubai. Several top notch builders like Puri Constructions, Vatika, DLF, IREO, M3M, Raheja Developers, Omaxe, RPS, Savana, Ansal, CHD, Unitech, Vipul and many more. These developers have come up with various high-end constructions and huge integrated group housing societies.
When we look around in NCR area either its Gurgaon, Sohna, Greater Faridabad or Noida, the trend of high-rise towers have been taken a reputed space. High-income segment to low-income segment people are pretty much interested in buying apartments or flats. There are several reasons and benefits behind choosing high-rise residential buildings. Preferences have been changed gradually over the past few years. For instance going higher leaves more space within complex that can be used for landscaping and leisure purposes. Most of the high-income costumers are willing to invest here because of good ventilation and proper lighting, 360 degree view and fresh atmosphere. On the top of it, they are blessed with various modern-day amenities such as car parking, club house, swimming pool, huge beautiful green area, STP Plants, huge landscape areas, jogging and walking track and a lot more. Residents of this project can have the double advantages of relishing the scenic beauty of the area while living in flats that have international-class facilities and lifestyle features.
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It is a well-known fact that Faridabad has been passing through a rigid competition with the progressing residential areas of the National Capital Region (NCR). The city has got the high appreciations from the real estate gurus, developers, financers and buyers. Since having numerous affordable housing options, Greater Faridabad also named by Neharpar area which has grown-up with rapid promising opportunities as the favorite destination for middle-class purchasers.
Greater Faridabad offers great optimistic growth opportunities, quick connectivity, better infrastructure and other parts of Delhi NCR area. This rapid growing Neharpar area of Faridabad is transforming the old industrial town of Faridabad to a newly modern-day designed residential area.
A number of infrastructure projects are going to near completion and these will give a conversion to the Greater Faridabad area. It was integrated in the city’s master plan in 2004. A very good residential growth can simply be expected in a long run in the region. Delhi and other suburbs in the NCR like Gurgaon, Noida and Ghaziabad, is well-connected with Greater Faridabad area. The area is now enough able to give good returns to investors and the rate of return is likely to increase over the time as it is still under development area and it would start raising the rate of return in near future. Hence, Greater Faridabad is the area of future and you are recommended to wait and see the good appreciations in coming years. Hence, don’t worry, your investment is safe and it seems to be the right place to invest as area is quite affordable possessing good connectivity with Delhi NCR.
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A number of integrated township projects have been launched in the recent past and contributing a great deal in the real estate market of Gurgaon, Greater Faridabad, Sohna and Bhiwadi. Developers are looking forward to build townships with the entire essential social and physical infrastructure. These societies possess schools, hotels, hospitals, shopping malls, amusement centers, health care center, spa, gymnasium, libraries, sewage disposal, electricity and water supply etc.
Population in India is growing day by day and Indian cities need to improve the infrastructure. Improved infrastructure in any city include more than roads and flyovers, well-infrastructure is the backbone, rail network, wide road connectivity, metro rail service, good public transportation and commutation, well-equipped hospitals, reputed educational institutes, 24 hours water supply, good airport and many more. We can see the government is taking steps towards steady growth and sustainability in Delhi NCR area.
Owning your home is the basic necessity after food and clothes. Union budget 2014 is the most awaited budget after elections of Loksabha elections 2014 because it is not only the matter of economic sector but is going to affect real estate too. In India, real estate sector is considered to be as milestone in terms of financial investment. Thus, we are in hopes of fast development and a favorable budget from the newly elected government side so that we can expect a better future in real estate industry of India.
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The residential property market in Delhi NCR area has witnessed only marginal appreciation over the last two quarters. Capital values and rentals both have slight appreciation. Supply and Demand dynamics have been steady and consequently there has been lower potential for off-load cash in real estate.
Developers in the NCR region have been beaten up unfavorably due to the fall in residential rates at the time when they are able to run high stock levels. Residential sales have chosen up only slightly over the last three quarters.
Gurgaon has shown significant price variations as super luxury residential price points have noticed some changes like the property that was priced around at Rs. 30000-35000/- sq. ft. two years back now available at 23000-28000/- sq. ft. On some other areas like Sohna road has witnessed a little appreciation that range from 9000-9500/- sq. ft. while the same property was available at 7000-7500/- sq. ft. in the year 2011. While it comes to Greater Faridabad or Greater Noida, there has been a slight down in last two years as the average price rate has come from 3000-3800/- sq. ft. to 2400- 3500/- sq. ft.
The real estate market in Gurgaon, Sohna and Greater Faridabad always has potential to offer good returns. So, seeing the current market conditions, it is suggested to hold the idea for of sale for some time. A little wait can lead to better and healthy market conditions.
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Home buyers in Gurgaon are imposing luxury. Gurgaon is witnessing demand for properties priced between Rs. 60 lakh to Rs. 1 crore. Sector-82 and 83 falls nearer to Delhi-Gurgaon expressway that range from 4700-6100 per sq. ft. area. There are several under-construction projects coming at Sohna road like sector-69-70 which is well-connected by NH-8 and Sohna road. The area is close to major IT companies and industrial areas of Gurgaon. Apart from these benefits, there are ample schools, colleges and shopping malls within its close proximity.
Most of the projects are surrounded by lush green plantations. The maximum demand has been in the budget categories of Rs. 60 lakh to 1.5 crore. Gurgaon’s real estate market always has potential to give good returns. Apart from this, sector-68 which is easily approachable from golf course extension road which is likely to advantage from the proposed metro here. This is one of the fastest developing cities of entire NCR area.
Thus, Gurgaon has become one of the fastest growing real estate markets in India today. The city has grown up on the back of the IT revolution. It would not be wrong to assume that IT professionals have given the greatest drive to the residential market of the city. Youngsters are quite optimistic about the Gurgaon’s market. At present, Gugaon market seems to be moving in the direction of buyer demand. Consequently, developers are keen to cater to this demand.
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It is a well-known fact that real estate market in Gurgaon has reached its peak and the property prices have gone out of bound. Though Sohna is neighboring city of Gurgaon, however the city is available at reasonable prices relatively, it is likely to be an investors’ paradise. Developers are looking forward to immense developmental changes according to new master plan of 2031. Sohna city is presently open to various new integrated group housing projects, luxury and non-luxury projects, plotted developments, townships, and commercial developments.
Sohna possesses direct connectivity to Gurgaon through Sohna road. After the development of real estate in Gurgaon, Sohna road started developing as a residential location. In addition to KMP highway, highway linking NH-8 to NH-2, Sohna is expected to witness persistent development. Sohna is placed at hardly 4 km away from the KMP highway. More, Sohna is probable to advantage from its proximity to the dedicated freight corridor.
Presently, the land values in Sohna are much below than Gurgaon, thus the difference in price has become great attraction for investors. Sohna offers a greater scope of price appreciation that has been considerably observed in the last few years. Hence, it is advisable to invest in Sohna, specifically in the areas that have been included in the master plan. Raheja group is one of the first to come up with its integrated township projects in Sohna.
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Availability of reasonable housing prices, close vicinity to the national capital, accessibility of spacious and quality residential units, fast growing infrastructure are the main aspects motivating the growth of satellite cities and other periphery of the NCR.
More, the rocketing prices in Delhi NCR regions like Delhi, Gurgaon and Noida combined with a scarcity of housing units to lodge the fast growing emigrant population has forced the real estate market in these environs and satellite cities. Some of the hotspot that is fast promising or are likely to develop as the nerve center of upcoming expansion and real estate development in the NCR.
For instance, NH-24 area, where many developers have come up together to provide affordable houses, thus serving to the housing requirements of a huge population of mid-segment home buyers of the NCR. Bhiwadi has developed as an ideal mixture of both with the town and nearby area shaping up as commercial and industrial hubs. Apart from employment in industries, there are plenty of employments in commercial establishments with the arrival of malls, multiplexes and hotels.
Some other hotspots include Greater Faridabad which is located in the middle of Noida and Gurgaon is going to benefit from the completion of FNG corridor, well-organized infrastructure and an affordable market. Another emerging corridor suitable for investment is Yamuna expressway. Then there is Sohna city which is adjourned to Gurgaon city and nicely connected to Faridabad city through Gurgaon-Faridabad toll road. This location has also become a hub of top most residential and commercial developments. Huge beautiful corporate tower and residential high-rise buildings make this location quite hot.
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Some of the promising regions around NCR which are currently suitable for residential investment such as Sohna, Faridabad, Sohna, Yamuna expressway, NH-24, Bhiwadi, having excellent infrastructure, lower residential prices, future appreciation potential, close proximity to Gurgaon. Gurgaon city is the leading city of entire NCR area. Faridabad city is also called as gold mine, taking into consideration the current residential prices and upcoming infrastructural developments that are likely to put this area on the speediest way of growth.
From an investment perspective, it makes more sense to choose residential land in the current situation. The residential sector in Delhi NCR has been affected more by the domestic economy surprises such as high inflation, consistently increasing pricing which have acted as a reducer to home sales. Gurgaon has transformed to being an end-user driven market from an investor-driven market. Residential apartments on Golf course extension which has a huge upcoming supply, are currently reached at high level. On the other side, Southern peripheral essentially remains a hotbed at the current price points, as it has the highest magnitude of affordable options.
Developers in the NCR region have been hit badly due to the drop in residential rates over the last three quarters. Apart from the conventional huge-demand residential small-markets, other areas that are developing as hopeful destinations are the Southern Periphery and Dwarka expressway. Gurgaon has exposed the most advancement in providing inhabitable amenities to its residents. Though internal road infrastructure is increasing fairly speedily in Gurgaon and Manesar, other towns are yet to catch up.
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Fast modernization and demographic changes, particularly within developing markets, will lead to considerable growth in the real estate investment market in coming next six years, as per Real Estate 2020. With the improvement of real estate industry, investors come up in the market. As per the reports, global stock of investable real estate will increase by more than 55 percent by 2020. Real estate industry is the centre of fast economic and social change, which is changing the construct environment.
As the nature of the real estate investment changes, more risks will emerge. On the other side, it is an exciting time for real estate sector for the real estate investment and development. The growing middle class and ageing populations in these promising economics are increasing demand for newer types of real estate. Over the time, growing middle class and ageing population in the emerging economics that are increasing demand for newer types of real estate. These include industrial, official, residential, retail, affordable housing, healthcare and retirement accommodation will become important subsectors in their own rights.
The expansion will be greatest in emerging economics, where economic development will be held in commercial real estate and infrastructure. This is well-known fact that real estate is an integral part of the emerging markets growth phenomenon.
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