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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > Emaar Palm Garden, Sector 83, New Gurgaon
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Old July 17 2012, 07:22 PM   #691
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me too received for Tower 1... so seems like request has been raised for all towers..

 
Old July 17 2012, 07:55 PM   #692
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How much time does it take for the first basement roof slab to come up and what impact will the current payment demand have on re-sale prices ?

I hope the re-sale price moves proportionally.
 
Old July 17 2012, 11:21 PM   #693
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Not very sure but in case of PH i think it took around 45 days for laying out first roof from the day of excavation. Given the speed of construction happening at PH am expecting base structure will be ready in next 1.5 years.
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Old July 18 2012, 10:42 AM   #694
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Originally Posted by sunny9 View Post
Not very sure but in case of PH i think it took around 45 days for laying out first roof from the day of excavation. Given the speed of construction happening at PH am expecting base structure will be ready in next 1.5 years.
Point to be noted over here is that Palm Hills do not have a basement. The parking is Stilt Parking therefore there was not much excavation required and hence the first roof stage was reached very fast.

However in Palm Gardens, there are two basements. Considering the construction pace and the ongoing monsoon season, it might take around 3-4 months time frame to reach to the first slab mark.
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Old July 18 2012, 11:08 AM   #695
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Originally Posted by ashishv View Post
Point to be noted over here is that Palm Hills do not have a basement. The parking is Stilt Parking therefore there was not much excavation required and hence the first roof stage was reached very fast.

However in Palm Gardens, there are two basements. Considering the construction pace and the ongoing monsoon season, it might take around 3-4 months time frame to reach to the first slab mark.
I agree with you, there is more digging work required in case of PG. I have not seen the site, but given the fact that payment request for all the towers have gone so am assuming either its already been done or Work in progress. Lets see if some one visits the site towards weekend and enlighten us the with the updated information/pics.
 
Old July 20 2012, 10:57 AM   #696
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I agree with you, there is more digging work required in case of PG. I have not seen the site, but given the fact that payment request for all the towers have gone so am assuming either its already been done or Work in progress. Lets see if some one visits the site towards weekend and enlighten us the with the updated information/pics.
When I visited Palm Gardens site two weeks ago, excavation work was on with regard to Tower 3.

After receiving the notice for payment of next instalment, I have asked Palm Gardens for justification, for me to pay the instalment when the excavatioin work has not started for the tower that I have opted for. Even if they have not started excavation in the tower where I have my apartment, I had argued that it is reasonable for us to expect excavation work to have started in at least fifty per cent of the towers (that is, six towers) before they can ask us for payment.

Let me wait for their response.
 
Old July 20 2012, 11:24 AM   #697
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What's all this talk of a new alignment of the e-way between Delhi and Jaipur ? Is it different from the existing NH-8 and will it affect PG's access from the highway ? Here's the news report :

States clear alignment of Delhi-Jaipur e-way
Dipak Kumar Dash TNN

New Delhi: The proposed six-lane expressway from Delhi to Jaipur has cleared a major hurdle. The new alignment of the expressway, which will have a limited number of entries and exits, has been approved by Haryana and Rajasthan. The two states want National Highways Authority of India (NHAI) and the highways ministry to consult them while proposing real estate development along the expressway.
Delhi government has already given an in-principle approval to the access-controlled expressway which is expected to slash travel time between the two cities to less than three hours. The length of the new alignment will be around 230-240 km. The portion of the expressway falling in Delhi will be elevated since availability of land is a problem in the national capital.
Haryana town and country planning (DTCP) secretary S S Dhillon recently wrote to NHAI saying that the state would provide all support to the Centre for execution of the project, including land acquisition matters, said a senior Haryana government official. Rough estimates by NHAI suggest the project could cost around Rs 12,000 crore. Those pockets which will be developed for residential and commercial projects along the expressway may be given access to the highway. This will cross subsidize the project for developers,” said a ministry source.
The new expressway has become a necessity because of the increasing congestion on NH-8. The traffic chaos will only get worse due to the widening of the stretch between Delhi and Jaipur. At present, traffic jams are regularly reported from this stretch since the road width has reduced. “In future, this new-alignment expressway would be a part of the continuous expressway connectivity between Delhi and Mumbai,” said a government source.
Haryana government officials told TOI that they have agreed to NHAI’s proposal of making the link pass through Gurgaon, Manesar, Rewari and Kothputli. However, the approval comes with a rider. One of the conditions put forward by the state is that the alignment should not affect any housing or commercial projects in the state for which DTCP has already issued licences. Moreover, the state wants NHAI to elevate the portion of the expressway which cross state roads. Haryana has also asked the highway authority to help the government improvesome of the state roads along the new expressway and to provide links to them.
The new alignment is likely to be announced next week. In his letter to NHAI, Rajasthan’s chief secretary has reportedly said that the state government wants the road authority to provide a link from the expressway to the industrial township of Bhiwadi.
The state has also sought a short link from Jaipur city to the expressway. As per the proposal, the expressway will join the Jaipur bypass, which falls on the outskirts of the city.

A few observations and thoughts from my side:

I do not know if other knowledgeable people have commented on this.

In my understanding the existing highway between Delhi and Jaipur is getting converted into access controlled expressway. Some work has already been completed in the stretches towards Jaipur. I dont think this is to do with coming out with a completely new expressway (like Taj Expressway between Delhi and Jaipur, which is totally elevated and takes a different route as compared to the present national highway).

The Delhi-Jaipur expressway has to pass through stretches in Delhi, Gurgaon and Manesar. So they are likely to build a highway over the existing expressway between Delhi and Gurgaon.

The proposed expressway will also have connections with Northern and Southern peripheral expressway (the former coming from Dwaraka and the latter coming through Golf Course).

Earlier there were some concerns that the alignment of the northern peripheral expressway could somehow adversely affect Palm Gardens. Now with the assurance from the Haryana Govt that projects that have already been approved will not be affected by the new alighment, probably we Palm Garden folks could rest assured that there wont be any adverse impact. On the other hand, we should have suitable access to not ony existing highway, but also to the emerging expressway.
 
Old July 20 2012, 11:25 AM   #698
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Update on Palm GArdens: I have information from very reliable sources that the excavation work is now on in six blocks.
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Old July 21 2012, 05:38 PM   #699
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Where do the esteemed members see the prices by the time of 95% completion of construction assuming construction schedule is met on time ?
 
Old July 23 2012, 08:25 AM   #700
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Where do the esteemed members see the prices by the time of 95% completion of construction assuming construction schedule is met on time ?
Although it is difficult to predict things at this point of time, when the whole situation is so fluid in the country, I guess the Palm Garden construction will be complete by end of 2014/ beginning of 2015. Interacting with the contractors for the project give me this hope. The current company offered price is 6500 per sq ft for most of its apartments, the resale price is currently at 5300-5500 (I do not represent the broker community... or those interested in ultra-quick returns...so you could trust me for my objective analysis!).

I think the resale price at the time of completion of 95 per cent construction could touch about 11,000 to 12,000 per sq ft, if the present trends continue. This is of course, most optimistic scenario.

You may be aware that the High Court has come out with severe restrictions (relating to water use) on new constructions. This is expected to bring new dimension to the price/ demand-supply situation. How could anyone imagine new constructions not using ground water? The restrictions essentially relate to those where licences have not been issued yet.
 
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