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SPR Vs NH 8, Gurgaon

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SPR Vs NH 8, Gurgaon

Last updated: November 17 2013
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  • #41

    #41

    Re : SPR Vs NH 8, Gurgaon

    If people think that the kind of infra - schools, malls, office space, established residential community which is there in main Gurgaon can be created in new gurgaon in 4-5 years. I would say you are dreaming.

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    • #42

      #42

      Re : SPR Vs NH 8, Gurgaon

      Hi Guys,

      Wanted to know , how many of us are talking on ground reality, I mean how many of us have seen the actual sight.
      I Stay in Gurgaon on Sohna Road and I've seen GCX also.

      I feel NH8 has a better future and moreover it takes 15 mins for me to reach NH 8 if I follow the Sohna road-GCX to NH8, as there is a road which passes through Sec -69/70 and its fairly ok road except few patches.

      And as the construction is in progress by Unitech (which has acquired most of the land in sec 69/70) and hopefully they will give possession for Sunbreeze/Vistas/South park project earlier than projects on NH8, So they ought to provide the infrastructure in this area. So connectivity should not be any issue to reach NH8 even from Sohna road.

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      • #43

        #43

        Re : SPR Vs NH 8, Gurgaon

        Also NH-8 will be one the most crucial high ways for industrial sector since it will be part of DMIC plan.

        Commerical / industrial development at SPR will be limited in future since this area is already developed to an extent but NH-8 will develop in future & you will have big industrial development in that area like SEZ therefore congestion due to industrial traffic will be more.

        There is no big industrial hub around SPR ( you have corporate offices)


        If you see in Gurgaon left side of NH-8 has developed more as compare to right since there are more industrial hub on right


        These are just my view.......

        Hope it will be of some use.....

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        • #44

          #44

          Re : SPR Vs NH 8, Gurgaon

          Definitely SPR is better placed compared to NH8, work wise NH8 is ok but if I want to live then i would definitely prefer developed areas with schools / malls / hospital etc. I dont thing NH8 sectors will be worth living even after 4-5years.

          Moreover most of the people live in GGN since they work in GGN, you dont need to touch NH8 or toll everyday.

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          • #45

            #45

            Re : SPR Vs NH 8, Gurgaon

            Couple of days back I was talking to somebody from the real estate industry & he told me that New Gurgaon will be a good investment in coming future for a rental value

            Even one of may friend who has property in Bhiwadi is getting offer for rental from Honda

            It all depends largely on your objective

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            • #46

              #46

              Re : SPR Vs NH 8, Gurgaon

              House prices in city too high for comfort

              Rahul Rawat, a project manager working with a multinational firm in Gurgaon, wants to buy a two-bedroom apartment in Noida before he gets married next year. But commuting between the two cities daily will be a tough task. Owning a 1000-square feet apartment in Gurgaon costs at least Rs50 to Rs55 lakh . Even for a well-earning Rawat, this is an unthinkable price.

              Several localities in Gurgaon saw an upward trend in property prices over the last few years. Even real estate prices in Delhi also skyrocketed by 20% to 27% in the first quarter of 2011 compared to last year.

              The situation in Gurgaon is such that houses have gone beyond the reach of corporate executives, including those who enjoy fat pay packages.

              According to a reliable real estate industry report, the value of properties on Sohna Road and DLF City Phase 4 has increased the highest, with prices rising by at least 46% in the first quarter of 2011, while it was 42% during the same period last year.

              Property prices in Sector 57 and Nirvana Country rose by 37% in the first quarter of 2011 as against 36% increase during the same period last year. The cost hovered between Rs4,800 per square feet and Rs5,553 per square feet in the current year's first quarter.

              Not affordable
              The high realty prices in Gurgaon have burned a hole in the pockets of even well-paid executives. This situation is forcing them to invest either in 'affordable' NCR cities such as Faridabad or Ghaziabad, or to buy apartments in far-flung areas beyond Manesar, which is over 20 km away from Delhi-Gurgaon border.

              Property advisors, too, say affordable housing is no longer possible in the Millennium City.

              "It will be impossible for a middle-class person to buy a house in Gurgaon. The only choice left for people is to shift to Daruhera or Bhiwadi. However, within Gurgaon limits, one can book a flat in the new sectors between Sector 81 and Sector 110," said Anckur Srivasttava, chairperson of GenReal Property Advisers.

              "These are located along the northern peripheral road. Flats are still available at Rs2,500 to Rs2,600 per square foot, which is affordable," said Srivasttava.

              Why prices rise?
              The unreasonably high property prices are due to multiple reasons. Gurgaon is close to the international airport, there is a large concentration of BPOs, IT and ITeS companies as well as big multinationals.

              High-earning people who work in Gurgaon prefer to buy houses here, which have led to demand overtaking supply manifold in the last few years.

              Developers in Gurgaon are also mandated to maintain a density of 300 persons per acre, which is why barely 60 dwelling units can only be constructed on an acre.

              However, in Noida and Greater Noida, the capacity is 660 persons per acre, thus increasing the scope of affordable housing. Another significant reason is high cost of raw material and land. To develop a township in Gurgaon, developers acquire land from landowners, who in turn often sell at inflated prices.

              "Farmers who live closer to the city are aware of the market rate of precious land. It is hard for developers to convince them to sell at affordable prices," said Srivasttava.

              Beyond Gurgaon
              With no option left other than the Rs50 to Rs60 lakh houses in Gurgaon, executives are moving away from the main city.

              Amit Sahni, a 33-year-old executive from Patiala, who works with a market research company, said he can't find anything within his moderate budget of Rs50 in the heart of Gurgaon.

              "The only option I have is to buy a 2 BHK house in the new sectors beyond Manesar, somewhere in Daruhera," added Sahni.

              Another executive in his early 30s, Vineet Mohan, a telecom engineer, was ready to settle for an apartment in far-flung sectors such as Sector 55 and Sector 56. There a three BHK flat is available for not less than Rs80 lakh.

              "But now I plan to buy a house in Noida," said Mohan, who is currently staying at a rented house in Sector 43.


              House prices in city too high for comfort - Hindustan Times
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              • #47

                #47

                Re : SPR Vs NH 8, Gurgaon

                All these facilities/infra would be 10 minutes drive from many NH8 properties ( especially, Sector 76,77,78, 83 ) in the years to come .

                Originally posted by amit001 View Post
                If people think that the kind of infra - schools, malls, office space, established residential community which is there in main Gurgaon can be created in new gurgaon in 4-5 years. I would say you are dreaming.
                Please read IREF rules | FAQ's

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                • #48

                  #48

                  Re : SPR Vs NH 8, Gurgaon

                  Nice article...

                  It will be interesting to have your special comment on this article..... Manoj boss

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                  • #49

                    #49

                    Re : SPR Vs NH 8, Gurgaon

                    NH 8 not going to change. Because of truck traffic r coming form jaipur
                    widen NH 8 OR remove toll plaza r not a solutions.

                    After hero honda chowk NH 8 have very bad traffic because in that point 8 lane road converted to 6 lane....
                    thats way traffic is so bad... after toll plaza 4 lane going to 6 lane not going to give any relief ...

                    So SPR always better than NH 8 because these sector are well connected to every where NH8, Sona Road, Inner Gurgaon sectors
                    Also good running facilities like school & hospitals etc...

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                    • #50

                      #50

                      Re : SPR Vs NH 8, Gurgaon

                      Originally posted by subkashyap View Post
                      NH 8 not going to change. Because of truck traffic r coming form jaipur
                      widen NH 8 OR remove toll plaza r not a solutions.

                      After hero honda chowk NH 8 have very bad traffic because in that point 8 lane road converted to 6 lane....
                      thats way traffic is so bad... after toll plaza 4 lane going to 6 lane not going to give any relief ...

                      So SPR always better than NH 8 because these sector are well connected to every where NH8, Sona Road, Inner Gurgaon sectors
                      Also good running facilities like school & hospitals etc...

                      Hi,

                      Plesae take a note that truck (i.e. Goods Vehicle) traffic from Jaipur is going to reduce bcoz of dispersal through KMP Expressway on both directions Kundli (NH 1) and Palwal (NH 2). Anyway Hero Honda chowk has to be grade separated in coming time. I think it is in the process ...

                      Cheers
                      __________________________________________________ __________
                      It is better to be blind than to see things from only one point of view

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