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Latest News on Gurgaon Manesar NCR

Last updated: 9 hours ago
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  • Re : Latest News on Gurgaon Manesar NCR

    Commercial Real Estate to Explode in Delhi-NCR in 2023

    The commercial real estate market in India, especially NCR, is expected to explode in 2023, with some interesting trends that will shape the future for the segment. Delhi-NCR market is now amongst the most favoured when it comes to seeing some really positive growth, both in rentals and returns of commercial real estate, including retail and office spaces.

    Rise Infraventures, in its latest report on Commercial Realty cited that Delhi-NCR Real Estate market is going to witness great appreciation of commercial real estate returns and rentals, in both, retail as well as office spaces. Delhi-NCR is quickly emerging as India’s real estate hotspot, spurred by rapidly expanding start-ups and MNCs who are eyeing to establish their offices and data centres in NCR.

    Because of the positive trend, leasing activity is picking up in the region’s commercial real estate market. Besides, the retail sector in Delhi-NCR, experienced a strong recovery in Q2 2022, sparked by new leases and store openings, and increased demand for office co-working spaces.

    The growth trend is more noticeable in Gurugram, where the commercial real estate market is seeing increased investment from prestigious investors, and industry giants, suggesting Gurgaon Retail Sale Price to overtake Delhi Retail Sale Price for the first time in 2023, and expected to touch 2,40,000 sq. ft.

    While Retail Spaces are set to witness an appreciation of 20 per cent; Retail rental income expected to breach 15 per cent mark; and Office spaces are expected to witness a price appreciation of 18-20 per cent in 2023, highest in Gurgaon.

    Talking about Noida, the office market continues to see significant commercial office space take-up, with strong demand from industries like IT/ITES/BFSI, Startups, etc., fuelling the growth momentum.

    In Delhi, commercial retail realty is expected to grow at about 12 per cent, giving it a fresh impetus for the future. A-grade office space rentals are expected to go up by 22-25 per cent due to regained demand. Indeed, goldmine times for investors eyeing great returns from commercial realty!

    Talking about the trend, Vishesh Prakash, Head, R&R by Rise Infraventures, shares, “The commercial real estate market is looking buoyant and there is huge demand for acquiring new spaces and renting new spaces. There is upward momentum in both investing and renting in A-grade office spaces and hi-street retail. Also, with demand-supply dynamics in place, segment is gaining traction like never before.

    The commercial segment has gained impetus post-pandemic. For investors and users, it’s a great time to invest and reap long-term benefits.”

    Key Findings

    – Retail spaces set to witness an appreciation of 20 per cent. Which will be higher than the cumulative appreciation in the last three years.

    – Retail rental income is expected to breach 15 per cent mark across NCR.

    – Office spaces are expected to witness a price appreciation of 18-20 per cent in 2023, the highest in Gurgaon.

    – A-grade office space rentals to go up by 22-25 per cent in Delhi due to regained demand.

    – Noida office market continues to see significant commercial office space take-up.









    Commercial Real Estate to Explode in Delhi-NCR in 2023 (msn.com)


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    • Re : Latest News on Gurgaon Manesar NCR

      Will clear Bandhwari waste by September: Municipal Corporation of Gurugram

      Vishakha Chaman / TNN / Updated: Jan 15, 2023, 08:59 IST



      According to the revised action plan, six companies will be operational by September to simultaneously treat 4.5 lakh tonnes in the month.

      GURUGRAM: MCG will process 1.9 lakh tonnes of legacy waste in January this year and by September, the civic body plans to treat another 29.7 lakh tonnes that are lying at present in Bandhwari. This has been submitted by the MCG in its revised action plan to a National Green Tribunal (NGT) committee.

      According to the revised plan, which has been approved by the panel, 2.25 lakh tonnes of legacy waste will be processed in 25 working days by several agencies deployed at Bandhwari in February. The capacity of legacy waste treatment will gradually increase every month.

      Similarly, around 3.25 lakh tonnes of legacy waste will be processed in March, 4.5 lakh tonnes in April, 5.9 lakh tonnes in May and 6.05 lakh tonnes in June. The waste processing in July will be 1.3 lakh tonnes as only 10 working days are considered in the month due to monsoon.

      However, there will be no waste processing in August due to rains. In September, 4.5 lakh tonnes of legacy waste will be processed, as per the revised action plan.

      MCG commissioner PC Meena said, “Our emphasis is on fresh waste and legacy waste disposal and we are simultaneously expediting the work on the waste-to-energy plant. I met the Chinese delegation of Ecogreen and they have assured me that the work will be done as per the deadlines fixed. We will review the action plan on Monday.”

      “The biggest challenges before us are the disposal of refuse derived fuel (RDF) and space constraints at the landfill site. We have processed 13 lakh tonnes of legacy waste so far and RDF is being disposed of simultaneously,” said Naresh Kumar, MCG joint commissioner (Swachh Bharat Mission).

      “We are working towards achieving the September deadline. However, RDF disposal and space constraint still pose the greatest challenges before us,” he added.

      The MCG, in one of the meetings with the NGT panel, had submitted that around 40 to 45 lakh tonnes of legacy waste was lying at Bandhwari.

      However, a waste assessment survey will be done by NEERI to ascertain the actual quantity at the landfill site.

      MCG currently has two private agencies working at the landfill site for legacy waste treatment and has got approvals from the state government to deploy four more private firms for garbage processing.

      According to the revised action plan, six companies will be operational by September to simultaneously treat 4.5 lakh tonnes in the month.

      The NGT committee, in its meeting held on December 30, accepted the revised action plan. However, officials said that another meeting will also be held on Monday.

      The NGT committee has already directed Faridabad to start processing at least 500 tonnes of daily waste every day by February 15. Gurugram was also given directions to achieve the target of processing 800 to 900 tonnes of daily waste.

      The committee also directed that 70% of the fresh waste generated in Gurugram and 50% generated in Faridabad won't be sent to Bandhwari from February 15, 2023.














      Will Clear Bandhwari Waste By Sept: Mcg | Gurgaon News - Times of India (indiatimes.com)
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      • Re : Latest News on Gurgaon Manesar NCR

        Illegal road network razed in Gurugram's Gwalpahari

        TNN / Updated: Jan 21, 2023, 11:44 IST



        Gwalpahari

        GURUGRAM: The enforcement teams of the MCG razed the unauthorised road network in Gwalpahari, being built to connect with the unauthorised farmhouses which are under construction in the area. The road network was around 800 metres long.

        A team led by assistant engineer Hitesh Dahiya led the demolition drive in zone 3 of the MCG on Friday. “These roads were leading to farmhouses which are illegally being constructed in the area. The action on farmhouses is taken by the town and country planning department. However, we made sure to demolish these roads which were being carved out on their private land,” he said, adding that such demolitions will continue in the area.

        In zone 2, the teams also demolished unauthorised structures from the restricted area around the IAF ammunition depot. A team led by assistant engineer Ashish Hooda conducted the demolition drive. The team also removed encroachment from 1.5 acres of government land on which boundary walls and five temporary structures had come up.

        Moreover, the teams also removed encroachment by unauthorised street vendors at the Mini Secretariat and Court complex.











        Illegal Road Network Razed In Gwalpahari | Gurgaon News - Times of India (indiatimes.com)
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        • Re : Latest News on Gurgaon Manesar NCR

          Haryana: RWAs ask for a rethink on order to keep gates open

          This comes after the HSVP recently issued a notice to the sector RWAs, directing them to keep all the main colony gates open, especially during the daytime, and at least one gate open 24X7 with a guard on duty.
          GURUGRAM: The residents’ welfare associations of HSVP sectors have written to the HSVP administrator, seeking her intervention in the formulation of a “uniform and acceptable” policy for gates in the colonies.

          This comes after the HSVP recently issued a notice to the sector RWAs, directing them to keep all the main colony gates open, especially during the daytime, and at least one gate open 24X7 with a guard on duty. Moreover, the RWAs were asked to either remove all gates on the internal roads or keep them open round-the-clock.

          In their letter to HSVP administrator Jaspreet Kaur on Saturday, the RWAs have expressed their inability to follow the directions as they “don’t have the means to hire security as the residents’ bodies of the plotted colonies are not allowed to charge maintenance from the residents”.

          HSVP administrator Jaspreet Kaur could not be contacted.

          According to the HSVP rules, all gates should remain open from 5am to 11pm in summer (March 1 to October 30) and from 6am to 10pm in winter (November 1 and February 28).

          Moreover, each RWA is also supposed to nominate two nodal officers, who will have the keys to the locks of gates, and their names and contact details will be displayed at the entrance so that they can be contacted in case of an emergency.

          The RWAs, under the banner of Residents’ Welfare Council, have urged the HSVP administrator to formulate a uniform policy for the city and call a joint meeting of sector RWAs, the MCG, the GMDA and Gurugram police.

          Lalit Suraj Bhola, general secretary of Sector 9A RWA, said, “Unlike private builder colonies, we are not authorised to take maintenance charges or raise any bill and we have no resources to hire guards. HSVP must take these facts into account before coming up with policies which may prove counterproductive in terms of security of residents.”

          “In fact, police advise RWAs to install gates for maintaining law and order. The HSVP should either provide funds to manage gates or pay for guards,” he added.

          The RWAs also stressed upon constructing boundary walls around the sectors as anti-social elements take advantage of an open access. RK Yadav, RWA president of Sector 46, said, “We have been raising the issue of boundary walls for a long time but to no avail. There have been several instances of vehicle theft, burglary and chain snatching.”

          Malkhan Singh, RWA president of Sector 23A, said, “Most of the gates are not installed by the RWAs but the residents themselves, who live in the lane or pocket, for their security or convenience. Neither we can fight with residents and make them open gates nor have means to hire guards. Such a directive is not possible to implement on the ground.”










          Hsvp: Rwas Ask For A Rethink On Order To Keep Gates Open, Real Estate News, ET RealEstate (indiatimes.com)

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          • Re : Latest News on Gurgaon Manesar NCR

            Meet Milind Pant, Amway CEO who sold an apartment worth Rs 19 crore in Gurgaon Sector 42

            Who is Milind Pant? The Gurgaon Sector 42 apartment was registered in his wife's name, said reports.

            Reported By:| Edited By: DNA Web Team |Source: DNA Web Desk |Updated: Jan 23, 2023, 06:45 AM IST


            Gurgaon Sector 42 news: Milind Pant, Amway CEO, has received education in India.

            Amway's Global CEO Milind Pant has sold his apartment in Gurgaon at a whopping price of Rs 18.9 crore. The luxury apartment has four bedrooms and is located in Gurgaon's posh Sector 42. Pant is a renowned business leader who has been a corporate honcho for around three decades.

            The apartment was reportedly in his wife's name, reported ET, and he sold it through power of attorney. Per his LinkedIn profile, Milind Pant resides in the United States.

            The apartment's size was a whopping 6500 square feet. It was bought last year at a price of Rs 30000 per square feet and the resale price is Rs 40000 per sq feet. This means Pant made hefty profit on the resale deal.

            The society where the apartment is located is called The Magnolias. The apartment has four bedrooms. Milind did his graduation from BITS Pilani. He then did
            his Masters in International Business from the Indian Institute of Foreign Trade.

            Before joining Amway, he had been a board member of the US-China Business Council. He was also Vice Chair of US India Business Council.

            In his LinkedIn bio, he says he leads over 15000 employees. He wrote that he is dedicated to unlocking the potential of entrepreneurs with what he called social commerce.

            He had headed Pizza Hut International's YUM!. He was also the president and COO of the company's China business.

            Before that, he held several posts in the FMCG giant Unilever.

            "Helping entrepreneurs and Creators succeed from day one in their journey with Amway. Sparking the best in our employees by building a culture committed to lifelong learning, challenging the status quo and being unafraid to fail," says his LinkedIn bio.











            Meet Milind Pant, Amway CEO who sold an apartment worth Rs 19 crore in Gurgaon Sector 42 (dnaindia.com)
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            • Re : Latest News on Gurgaon Manesar NCR

              Many Delhi-NCR projects in bankruptcy court, IBC changes key for buyers

              Aditya Dev & Rao Jaswant Singh / TNN / Updated: Jan 24, 2023, 04:57 IST


              https://www.indianrealestateforum.co...37#post2713137
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              • Re : Latest News on Gurgaon Manesar NCR

                Error in property tax data? Walk in to Municipal Corporation of Gurugram camps

                TNN / Updated: Jan 26, 2023, 07:06 IST



                Representative Image


                GURUGRAM: The MCG will organise camps to rectify errors in the property tax data. The camps will be held three days from Friday at Nirvana Society, at DLF 1 community centre on Saturday and old MCG office on Sunday.

                "The objections and claims that we receive at the camps will be addressed on the spot through the no-objection certificate (NDC) portal. The residents can visit any of these camps to make corrections in the data," said Gulshan Saluja, zonal taxation officer (headquarter).

                MCG is in the process of re-verification of all the properties surveyed by a private agency deployed by the civic body. For this, MCG deployed 292 field staff, including multi-tasking staff of the MCG's health wing, supervisors of the sanitation wing, clerks deputed in the councillors' office among others. The decision was taken after chief minister Manohar Lal Khattar reviewed the status of the surveyed properties.

                The residents have been demanding to hold such camps to fix the errors in property tax data. Following the errors in the data, the water bills of several colonies also had faulty names and addresses for which MCG had recently organised camps.

                The 2022 survey, done by a private agency, found that 5.14 lakh properties come under the MCG's ambit. After the survey, residents complained that the new property IDs generated had incorrect details, creating a faulty database of the residents' properties.

                There are 92,065 vacant plots and 60,730 properties which could not be surveyed since property owners didn't share the information

                The department of ULB also expressed displeasure over the progress in data integration and disposal of objections related to the property tax data.










                Error in property tax data? Walk in to Municipal Corporation of Gurugram camps | Gurgaon News - Times of India (indiatimes.com)

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