Sunny_verma

Hello Everyone!

I have just joined the forum, you people are really supportive and having good knowledge in RE.

I want to confirm if anybody else heard that BPTP is coming with a Township in gurgaon sector 102 with low rise floors on Dwarka Expressway.

I heard this news from one of property dealer.

please share your views.

Thanks!!

Sunny_verma

22 views... but no reply.... come on guys, please share if you have any info about this upcoming project.

Thanks!

AmitMM

yes the news is correct. further info is still awaited...
keep following the forum for more..

Sunny_verma

Thanks Amit for posting!

Can you please share what all info you have regarding this project.

I heard that this project will be officially announced in next 10-15 days or may be before that. Dealers already started collecting cheques.

Please share more.

Thanks!

Sunny_verma

Thanks Asshu for your valuable comment, i think as BPTP IPO is coming next year 1st quarter, BPTP will definitely do something to change his image.

BTW... we are talking BPTP 102 township, do you have any info regarding this, please share.

Thanks!

rajggn

In this forum and also in Internet I found lots of negative things abt BPTP. Whether BPTP will try to change it's image it's a big question. I know with this kind of image their IPO will not be so successful.

monts07

The locations is not at all appealing. Not worth a project to go for unless rates are around 2300-2400

Sunny_verma

Hello Monts,

Thanks for your comments, as per dealer location is on main dwarka expressway.

Does anyone has info about rates....

Thanks!

Sunny_verma

DWARKA-GURGAON EXPRESSWAY: LINKED TO SUCCESS

Real estate developers are pinning their hopes on the ‘big link’ that will be established between Delhi and Gurgaon through the Dwarka-Gurgaon Expressway to launch new projects here. NAMRATA KOHLI brings an update

The Dwarka-Gurgaon Expressway is free from legal tangles (over land acquisitions) and the construction has already begun near the Basai road. Dwarka Expressway or the Northern Peripheral Expressway is an eight-lane, Rs 120-crore-budget expressway, being developed by the Haryana Urban Development Authority (HUDA).

This expressway, part of Gurgaon-Manesar Urban Complex Plan in the 2021 Master Plan, will connect Dwarka to the NH 8 and will have 30 meters of green belt on both sides. Dwarka Expressway is an 18km stretch of 150m-wide road, starting from Dwarka and connecting Palam Vihar and the planned SEZs in Gurgaon to join the NH 8 near Kherki Dhaula. The 150m-wide Dwarka-Palam Vihar link is likely to offload traffic burden on the existing links - Gurgaon Expressway (NH 8), MG road and Old Delhi road. It will be double the width of the Gurgaon Expressway and is likely to be completed in three-four years. Earlier, it was projected to be completed by the time of the Commonwealth Games but it seems that it will take a minimum of three years from now.

According to broker Alok Virmani, "The expressway work has also started in Sector 22 in Dwarka. Projects of big-ticket builders like Ramprastha, Raheja, BPTP, DLF, Mahindra Lifespaces, Spire Edge and Vatika are located along this expressway."

A major development in residential segment in this locality has been Ramprastha City - Gurgaon's first integrated township, spread over 450 acre and located in Sector 37D - promoted by Ramprastha Builders. It comprises three residential projects - Edge Towers, Atrium and The View. While Edge Towers is a luxury project, which was sold out prior to the onset of economic recession in September 2008, Atrium and The View comprise budget homes and were sold out within two months of their launch in 2009. Ramprastha city is scheduled for completion by 2012 and has 2-, 3- and 4BHK units with the median 3BHK costing approximately Rs 55 lakh.

Rahejas have launched many projects here and the first one on the Gurgaon side of the expressway is "Atharva" in Sector 109, positioned as a high-end luxury condominium complex with features like fully airconditioned apartments, wooden flooring in bedrooms and vitrified tiling in the living rooms, plus high-end modular kitchens. The project is built on 12 acres with 3- and 4BHKs, penthouses and presidential suites, with the units being in the range of 1,640 sq ft to 4,825 sq ft at a base selling price of Rs 3,575/sq ft. There are a total of 450 units costing anywhere between Rs 65 lakh and Rs 1.80 crore. For instance, a 4BHK plus servant room costs Rs 1.18 crore with a super built-up area of 2,990 sq ft.

The project next to Atharva is "Raheja Shilas", a midmarket project in Sector 109, Gurgaon on the Dwarka Expressway, built over 6 acres. It has 3- and 4BHKs, penthouses, presidential Suites as well as independent floors. There are 204 units with areas ranging from 1,302 sq ft to 3,712 sq ft. The basic selling price is Rs 2,975/sq ft and the cost of each unit ranges between Rs 45 lakh and 1.15 crore. This was the fastest selling project of Raheja developers and was sold out in 15 days. The builders are also coming up with "Srishti", an upmarket terrace-housing concept condominium complex.

In addition, another project, "Vedaanta" is located in Sector 108, which is very close to Dwarka Expressway as well. This project along with Atharva is fast nearing completion. On being asked as to why they chose this location in such a big way and launched so many projects, a Raheja spokesperson says: "Given the strategic advantage which this location enjoys, it was an ideal location for coming up with a number of projects here. The fact that the area is very close to the international airport, Dwarka as well as the new diplomatic enclave makes it an even better location from every possible angle." The spokesperson adds that construction has already started near the Basai road area and is progressing smoothly. The expressway will go a long way in ensuring superconnectivity of the northern areas of Gurgaon as well as areas close to IMT Manesar.

BPTP has also launched its project "Spacio - Park Serene" on the Dwarka Expressway. Launched on July 22, the project has 2-, 3- and 4-bedroom apartments and is nestled between NH 8 and the Dwarka Expressway.

On being asked why BPTP chose this location, as proximity to Palam Vihar is still not considered good due owing to safety issues, Amit Raj Jain, senior vice-president (marketing) of BPTP Limited responded: "Palam Vihar has not been a safe area. However, safety measures are now being enforced. Police verification has been made mandatory for the domestic helps and the tenants. Regular beats by PCR vans around the area also keep a check on criminal activity. However, despite everything, Gurgaon has grown in leaps and bound with gaps in civil and social infrastructure. With the Gurgaon-Manesar 2021 Master Plan in place the region is all set to develop in a planned manner."

Jain is extremely optimistic about the location of his project on the Dwarka Expressway. He says that Dwarka is developing as a hub for commercial and entertainment activities and is amongst the most preferred locations to stay in the NCR region with its proximity to Gurgaon and link to Delhi-Noida. "There is a need for a parallel highway that links Dwarka and Gurgaon and frees NH 8 from its existing burden of the commuters from Delhi. The positioning of the BPTP project is mid-segment housing with prices starting at Rs 26.50 lakh," he chips in.

A majority of the projects on the Dwarka Expressway are mid-segment housing projects. Most of the projects are scheduled to be completed in the next 48 months on the lower side - one can safely add another 6 to 18 months to this. It will be a while before this place becomes livable. However, while the wait is long for end users who wants to stay here, the investor may be able to encash returns once the expressway is functional.

QUICK BITES

DWARKA EXPRESSWAY IS AN 18KM STRETCH OF 150M-WIDE ROAD, STARTING FROM DWARKA AND CONNECTING PALAM VIHAR AND THE PLANNED SEZS IN GURGAON TO JOIN THE NH 8 NEAR KHERKI DHAULA

EARLIER, IT WAS PROJECTED TO BE COMPLETED BY THE TIME OF THE COMMONWEALTH GAMES BUT IT SEEMS THAT IT WILL TAKE A MINIMUM OF THREE YEARS FROM NOW

tinesha

The projects BPTP holds 108 acres in Sector 102 and will be launching a project very soon. “We are hopeful for the area as it is going to be the new growth corridor of Gurgaon. We also expect that the expressway will open new vistas of development,“ says Amit Raj Jain, vice president, BPTP.
“Since the proposed Diplomatic Enclave would be located close by, the quality of housing that will come up around this stretch would be even better than other projects in Gurgaon,“ he adds.

Indiabulls has 150 acres along the stretch. “For apartments facing the road, we plan constructing luxury apartments primarily in sectors 110, 104, 106 and 109. The launch of these projects will depend on the time when construction of the NPR begins -which we hope will be soon. The roads within the sector too are very wide -almost 24 m. Prices will start at R60 lakh. Metro connectivity is also planned for the area,“ points out Narendra Gehlaut, MD, Indiabulls Real Estate Ltd.


Sobha Developers is planning to launch a township of 153 acres in sectors 106 and 109. “We have plans of developing high-end luxury villas there. Once the NPR is developed, the drive to the airport will be barely seven to eight km from the location,“ points out J C Sharma, MD, Sobha Developers.


Brisk Infrastructure & developers (P) Ltd also has land parcels in sectors 109 and 112. “We are planning to launch a mid-high end project named Lumbini Terrace Homes shortly,“ says Harish Gahlot, CEO Brisk Infrastructure.

The 3C Company portfolio includes two IT SEZ projects, one under construction and the other to be flagged off in 18 months. Also, in the pipeline are two projects in the commercial office space and a mixed land use development in Noida. It also plans to launch a new project in Gurgaon in first quarter of next year, Bharadwaj said adding that this could be either commercial or a residential project. After Gurgaon, we will be looking at opportunities outside Delhi NCR, but we will proceed in a slow and steady manner. The next stop would be Bangalore and Mumbai but these plans are still 18 months away,`` he pointed out.