Construction of residential, commercial, retail and hospitality has been extended to huge area of the Nation. Over the last decade, it has been engrossed by real estate sector that this sector is broadly identified and recognized fact by all sectors of the Indian financial system. However, in the current days, economic experts have main concern about the constant responsible development and expansion of real estate industry.
Along with the extension of real estate operations it has become a crucial challenge for various sections to preserve the nature as well in real estate industry. With the planning of managing an eco friendly structure to the utilization of environmentally constant construction and also by using least resources for safer green future. Rapidly growing population and modernization has become a great reason for huge construction of infrastructural assets all crossways the Nation. The more development in metropolitan cities more will be migration of population in these cities only. Due to this expansion in such cities, the housing sectors and transportation facility need to be extended. More, due to having immense density of corporate industry in these cities, people are more likely to settle down here forever.
Taking the ecological balance at the top of the priority into consideration, a healthy balance of business development and endorsing sustainable living is catching up swiftness in the latest times. An answerable growth of real estate is only probable when determined by the thought environmental balance and a comprehensive growth for all subsectors of this area. Thus, it is considered that having green around us gives better living as we will be able to benefit fresh and pollution free environment that gives us a healthy lifestyle. When you are really looking forward to go with green environment and healthy atmosphere, it would be great decision to have your own home in safe and pure region.
It is always mandate to balance between growing population and eco-friendly environment as we all know as the population grows the consumption of natural resources also increase and climate gets impacted quickly. So, to improve the neatness and purity of the environment so that it may not give bad effect on human being’s health and daily life, we all are very much responsible to maintain the greenery as much as possible beside the construction of the projects that have taken a great place in present day’s life. By taking these prominent points into consideration, most of the leading developers are budding green atmosphere in the surrounding of High rise, mid rise and low rise buildings as residential sectors and commercial sectors also.
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As per recent verdict of Supreme court, real estate developers are going to have ownership over common facilities and community now onwards. Is this not going to harm common people however they have owned flat? Would this be a fair judgment? At the time of buying people are promised to give common facilities like swimming pool, club house, nursery schools, shopping areas etc along with their apartment area. Actually, this would not be a wrong statement if we say people are more attracted by these common facilities only as they find this the biggest reason they prefer to buy home in group housing societies rather than going for individual homes or villas.
If society loses the right of having ownership to such benefits then developers might become dominant party even after selling the apartments. How can residents be defeated by developers? As developers are supposed to mistreat and turn the rights to fulfill their needs. For instance developer can rent out or sell some common facilities like nursery schools, club house, convenience shops, community centre situated in group housing project to any other outsider party who will be supposed to run these facilities for earning money. Is this not a big time issue in front of common people?
When we find ownership right is going to transfer from flat apartment owners to developers we can see it may create a difficult situation for lacks of flat owners in Gurgaon. Residents would be impacted terribly as they would not be able to have comfort of real ownership of buying their own home in group housing society as common areas and other common facilities like shopping complexes, nursery schools, club house would be owned by the developer. Hence, the township service would be defeated by the developers of Haryana.
This verdict is likely to impact lacks of families that are living in group housing projects situated in Haryana where ownership over common services and areas has become a conflict among real estate developers and flat owners.
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Present day group housing society’s projects present an excessiveness and easygoingness to its inhabitants. They would possibly present all the modern-day existing approach and all the lavishness that include enjoyment, vigorous living and enhanced imaginative requirement. Just about all of the contemporary housing societies are acknowledged in a quite big area where you will find all the facilities are offered to the residents smoothly. Societies like Central Park 3 are having various plot sizes that start from 250, 300, 375, 500 and 1000 sq. yds. correspondingly deliberately located at Sohna road, Gurgaon. The project is developed by Central Park Group. These plots are offered at Rs. 50,000 per sq. yds. Location wise, IGI airport is positioned on 30 minutes drive. G.D Goenka school is having close vicinity to the project’s area. Famous malls like Nirvana and skyville and other shopping complexes, hospitals are located nearby project area. All the leisure landscapes are offered within the precincts of the society so as to residents can relish their daily life completely within a lesser time. Residents can get the possession by the year 2017.These developments are coming under recently developed area that is the cause they are offered with all the better possession where all the necessities of daily life can be achievable within society for their stimulating necessities. This is how builders are keen to present all the leaning to their residents to attain all the requirements and also to accomplish their purpose of the developers to give extravagance living values to their inhabitants, that is the way group housing societies hope to get their own eager services.
Therefore, which entertaining facilities are presented to the inhabitants in present day societies? Green areas, Parks and gardens are the most obvious quality which is presented to the inhabitants. Well conserved green areas which are concise and transformed give the physical aspiration and satisfaction. Parks, gardens and open green area is something which is utilized by all age group of people from children to old aged like play area for kids and other sports and physical actions, jogging or sitting on bench for youth and old aged people, walkways. For youth, there is a separate donation given to play in inaccessible park. On the other side, there would be an additional high-class stipulation for different luxurious actions, indoors and outdoors like completely equipped gym and few more. Sports are the most appreciated action which is done by children and youth both to keep them vigorous and passionate.
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After facing a slump down of few months, the Greater Faridabad real estate market has grown up finally. We can see Neharpar area shaping up well now-a-days. Fast moving development work is going on roads like construction of master road is going to be in running stage very soon. Further sewer and water supply lines are at great pace. The government has committed to finish the work by the month of September to November of 2013.
Further, there is a plan for appropriate round the clock power backup in entire area, efficient waste disposal system, LNG and electricity wires, underground cabling of telephone, the great presence of relevant medical services such facilities include reputed hospitals, well- qualified doctors, medical stores within close proximity from group housing societies. There are number of petrol pumps and CNG filling stations have been planned that will give an easy and comfortable life-style to the residents and visitors of the Greater Faridabad area. Being bit separate from the existing Faridabad city or other cities, there you will have definitely more clean and pollution free environment, which will give you a fresh climate to breathe that will make people enable to live a happy and healthy life.
Another crucial aspect includes the job opportunities that are to be provided to the residents of Greater Faridabad. As there have been intensive efforts to establish the commercial and industrial spaces with some of the IT related projects that will give employment opportunities to the people to make earning and live nearby.
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For people who have started living in recently developed region named by Greater Faridabad, enjoying their life at fullest because of having less population to share the facilities offered there. The place possesses quite peace and easy due to less traffic on roads and consequently the environment is also less polluted. You will be hosted by heart-warming essentials and facilities to be pleased about. While we link up these lavish amenities with the advantages of highly developed area in fully contemporary style that includes day and night security, power backup and water supply facility, huge range of shopping areas, best quality transportations facilities, educational institutions make our living hassle free and we take our life more smoothly.
In reality, this area exactly matches with the vision of today’s buyers as they all want to seek out all the modern-day facilities in newly developed area. All these essentials make our life cheerful and smooth which gives us a blessed existence in Greater Faridabad area. Once we look into the local development of this area, it is quite clear that numerous renowned builders are providing a huge range of residential, commercial and industrial centres to the people. Furthermore, you will be blessed with a great sense of security and safety. Adding to this, the societies will have round the clock water supply and power backup etc.
Residents will be having a pleasurable life by having day to day consumption and necessities at affordable prices. At this point, Greater Faridabad goes forward to Gurgaon. You will find a diverse kind of market over here like you will find wholesale market in old Faridabad and within a short range of distance you will find a modern-day shopping complexes which is located at posh sectors of Faridabad. Further, when it comes to location advantages of this place, Greater Faridabad touches the boundary of South Delhi and having close proximity to the cities like Noida and Gurgaon.
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To connect Greater Faridabad with Faridabad city, irrigation department has started planning to construct fourth bridge on Gurgaon canal. To develop this 6-lane bridge, some 5 crores 50 lakhs tenders have been invited. Officers state that on 30th September tenders will be opened. After that, by the end of the month, the construction of bridge can be started. It will take atleast a year’s time for the completion of the project of this bridge.
To diminish the distance of Greater Faridabad and Faridabad, there is a proposal of 4 bridges that will be constructed on Agra and Gurgaon canals. Uttar Pradesh irrigation department will work on Agra canal and Haryana irrigation department will handle the responsibility of Gurgaon canal. The payment of the budget will be done by Huda. Haryana irrigation department has started planning of construction of Gurgaon canal. Irrigation department has started work on sector 3 and 8 dividing road. 45% of the construction work has been completed. There is another bridge which construction has been started also nearby sector-14 to 17 of Faridabad. The piling work is going on presently.
The tender process has been finished for third bridge which has to be constructed nearby sector-17 and 18 dividing road. Construction company will start work shortly. There is deadline of one year’s time for last and fourth bridge. This bridge has to be constructed nearby sectrs-19 to 29 dividing road that will connect with the sector-87 outer road in Greater Faridabad. This road will start from by-pass road and will go till Agra canal. After that the bridge which is likely to be constructed on Agra canal will connect with the outer road of sector-87 in Greater Faridabad. Once the construction of these bridges get completed, the residents of dozens of villages and sectors- 86, 87, 88, 84, 85 and 90 of Greater Faridabad will reach by-pass road and National Highway easily by using the bridge.
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Faridabad real estate market is going slow since last few months. The current scenario of the real estate market says that the amount of buyers is very less and sellers are more. Consequently if people believe in holding the investment then it affects that banking field also. The pace of taking loans is getting low accordingly. As per the statistics for every 12 sellers, there might be only one buyer in assured projects of Greater Faridabad. It is presumed by most of the agents or other real estate experts that market will rock back and covert in to greens within 8-10 months (2014).
When it comes to development part of Neharpar area, we find infrastructure work in Neharpar and Faridabad city is going towards great heights and will take a strong stand among other adjourned cities of NCR such as Delhi, Gurgaon and Noida. For instance we can say there is a firm plan of taking master road in Greater Faridabad into running position by the month of December in 2013. Then developments of bridges and other roads make this place eye-catching. City bus service will going to give immense comfort to the commuters and residents of this area. The area is very much secure as there is a provision for round the clock security and power backup too. Faridabad city will sport an extensive and improved glance. Neharpar area too is bound to polish. Till the time market does not come back to its good position investors have to wait as they have no other option instead of waiting…
Long term investors can get in to the market now also as they are supposed to get good returns once the market comes up. Hence, leading Faridabad’s builders and agents have to have patience since Greater Faridabad market falls yet again. Some gurus and experts of real estate market agree on this statement that Faridabad is going to be one of the brightest regions of Delhi NCR. It is an actual fact that going to be happened very soon.
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In Greater Faridabad, the work process for poles and the electricity wiring for street lights and power backup supply have been started at good pace. One side almost 65% of the street lighting work has been finished and other side approx 75% of electricity poles and wiring work have been completed. According to Huda officers, the first phase of electricity related work will be completed by the month of December in 2013. When it comes to total expenditure of the arrangement of electricity in Greater Faridabad, the total amount is 20 crores 11 lakh that has been spent for the first phase of this electricity provision work only. In this project, fitting for street lighting, high master lights, electricity poles and electricity wiring fitting work will be included. When we talk about only first phase, the Huda is planning to work on 29.62 km. long area.
Overall, the work for total 1700 poles of street lights has been completed and in some places the work for fitting of street lighting has been completed. Around 65% of the street light work has been completed. The project of 11 KV electricity wiring and poles is going at full speed. For that purpose, around 750 poles has been set and power wiring has been also set up. For the power supply, the 75% of the total work has been completed. According to officers, the project of first phase will be completed very soon. Huda electricity department stated that 65% of the street light work and 75% of the power supply has been completed and it is estimated that entire work will be completed by the month of December in the.
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Master Road in Greater Faridabad is expected to be completed by the month of December in 2013. The construction work was going at full pace since inception but suddenly due to heavy rains in last days the rapidity of work got slower than before however Huda officers state that the construction work of 39 kms. long road will be completed by the month of December. In the beginning, there was a deadline till September 2013 for the completion of 29 kms. master road but later on 10 kms. Length was increased and consequently time line for the completion of the project was also extended to next two months (December).
To connect Developing Greater Faridabad area in Neharpar area with other sectors there is a proposal of 39 km. long master road. The construction work was started for this 293 crores project in April 2012. Because of having difficulties in land acquisitions at that time the road was decided to be constructed of only 29 kms. Huda gave the deadline till September month for this road and when we see the current status of the road we find Huda has completed 20 kms. road successfully as of now. According to officers, black carpet has been stretched over the 20 kms. road. Rest of the construction work will be completed in next 15 days. Huda has successfully got the acquisition for master road and the deadline has been increased till December 2013. So, officers of Huda have clearly stated that they will be able to complete the construction work of 39 kms. master road by December, 2013.
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Greater Faridabad has been getting all the conveyances gradually. When it comes to the transport facility, you must be waiting for some good news like bus services or other mode of commutation so that you can travel in local places easily. So now, you do not need to take worry any more in this field. Because, there is a proposal of Bus services for the residents of Greater Faridabad. If you live in Greater Faridabad or any of your friend and relative lives here then you will be blessed with bus services soon. Roadways have started the survey for this purpose. Presently, it is planned to provide this service till Badarpur border. If people like it and respond well then this service will be expanded. Huda is going to develop 15 sectors in Greater Faridabad. If we see the present scenario more than 2 thousand people are living here. Because of not having any kind of transport facility here people have to walk about 3-4 kms. till bypass road to get the transport. In such kind of situations people have to face so many difficulties. Since, residents of Greater Faridabad have requested so many times to start the bus service from bypass road.
Some days before people of society requested to start bus service in front of MP Mr. Avtar Singh Bhadhana. He listened their request and took an immediate action for the same. After understanding all the troubles of the residents of Greater Faridabad Haryana roadways has started work for the survey of Greater Faridabad route. Presently there are many roads are under construction so the buses will be running from those routes where there is no problem of roads. So, there is a plan of City bus no. 1 which will be sent to group housing societies through BPTP Bridge that comes from Ballabhgarh passing through bypass road and will reach at Badarpur border metro station. Officers have been sent to do a survey of this route and once the survey is done bus service will be started.
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