A lot of companies are advertising for property citing nearness to Dwarka expressway corridor.

Shilas, Indiabulls Centrum Park and Ramprastha Edge Tower come to mind.

Does anybody have news on when this construction will start and when it is likely to finish? Has the contract been awarded and to whom?
Date of completion and start of operation will be vital news for evaluating the pricing of flats sold in this corridor.

Last I heard was that a few houses in Palam Vihar were slated for demolition for this expressway in May June 09 or thereabouts.
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  • Rohit1975;
    ,
    Dude, so now you don't have to wait till 2019.

    Also Dude in which project you have invested,if you don't mind to share.
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  • Originally Posted by Khalsa
    Rohit1975;
    ,
    Dude, so now you don't have to wait till 2019.

    Also Dude in which project you have invested,if you don't mind to share.


    Rohit1975; Khalsaji has a point, in India, nothing gets fully ready before people start using it. Its just the way this country has worked, I expected things to change, but changes takes time.

    If DEW opens up even partly in a few months, it will give great impetus to finish the rest, and bring a sense of imminence and urgency to it. I have seen almost all big roads in Delhi going through this sort of a phase. Rind Road, outer ring road, GT Karnal Road, MG Road, NH24 etc. there had been numerous impediments and bottlenecks, which were cured from time to time. Even today these roads are constantly in the making in some way or the other. Ask a resident of Lajpat Nagar, if he has seen Ring road without construction in the last 15 years... Look at NH8 for eg. its been constantly under construction, widening etc. even to date. There are still legal hassles in underpasses, petrol pumps in the way of flyovers etc. etc. but that doesnt matter. there is connectivity albeith with diversions or narrower stretches.

    you may be right that 2018-19 may be the right time to see the DEW fully developed with all the civic amenities, flyovers etc. but the recent development have proved the resolve of the government to make it happen and if the government is REALLY committed then nothing is impossible.

    In India we take the proverb too seriously - "basti yunhi basti nahin,.. baste, baste, basti hai" - for the benefit of non-hindi speakers - "settlements dont happen in a day, by settling and settling it settles. - the kind of "Rome was not built in a day"... types.
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  • Different Projects on DEW have different EDC / IDC charges being levied by the builders.

    How are the EDC / IDC charges computed? Should they not be same across builders? Even within the same sector different Builders have different EDC / IDC charge?

    My understanding was that these are fixed by the government. Any inputs on this would help. Thanks !
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  • Gurgaon’s Global City project on track: Govt

    TNN | Mar 18, 2016, 01.12 AM IST

    Chandigarh: Manohar Lal Khattar-led BJP government in Haryana on Thursday announced that it would continue with 'Global City', an early bird project of the Delhi Mumbai Industrial Corridor (DMIC) in Gurgaon. In a reply to a question in the state assembly, industries minister Captain Abhimanyu said that the project would be a joint venture of the Haryana State Industrial and infrastructure Development Corporation (HSIIDC) and Delhi Mumbai Industrial Corrdidor Development Corporation Limited (DMICDC).

    He said that both JV partners had hired AECOM India to carry out the feasibility study and master planning of Global City project. Abhimanyu's response came following the question by Gurgaon MLA Umesh Aggarwal, who had asked about the details of number of special economic zones (SEZs) proposed and approved by various governments in Haryana so far.

    According to information placed in the House, the Gurgaon SEZ was proposed on January 29, 2003, when Om Parkash Chautala-led INLD government was in power.

    After the change of guard in Haryana, Bhupinder Singh Hooda-led Congress government acquired 1,383 acres in 2006 which was handed over to Reliance India Limited. HSIIDC and Reliance formed a JV for the purpose of setting an SEZ. Following massive protests, Reliance later backed out and 1,383 acres were taken back and the Congress government had decided to set up 'Global City.'
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  • Originally Posted by sanket81
    Different Projects on DEW have different EDC / IDC charges being levied by the builders.

    How are the EDC / IDC charges computed? Should they not be same across builders? Even within the same sector different Builders have different EDC / IDC charge?

    My understanding was that these are fixed by the government. Any inputs on this would help. Thanks !


    @sanket81 - technically EDC or External development charges are based on the base year or licensing year. a rate is applicable for each licensing year, so projects licenses in different years are supposed to have the applicable rates for year, which is 10% above the previous years. In 2009 the TCP Haryana, notified a rate of 176.28 lacs per gross acre as EDC and this is supposed to grow * 10% (compounded) for the next 4 years until 2012. Then a new rates was supposed to be notified under the new master plan 2021 or 2031. A small calculation for the different years is attached in the images. you can do your own calculations too. Just determine your FAR which is 1.75 for group housing in Gurgaon. then multiply the sq.ft. per acre 43,560 sq. ft with the FAR to arrive at the total built area per gross acre. divide the applicae EDC / gross acre by this total FAC/Acre to arrive at the EDC per sq.ft. But remember to use the base rate for the year of license of your developer. You can get this in the BBA (builder Buyer agreement) or on the TCP website.

    IDC is far more simple, at DEW its applicable * 625 per sq. meter which translates into Rs.32 per sq. ft. again different rates are applicable for different type of housing/commercial etc. but DEW falls in the Hyper potential zone on the Gurgaon Manesar Urban Complex and so a rate of 625/Sq.Meter is applicable.

    IDC Rates : http://tcpharyana.gov.in/CIM/frmCharges.aspx

    Revised EDC rates : http://tcpharyana.gov.in/Public%20Notice-Revised%20EDC%20Gurgaon.pdf
    Attachments:
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  • Originally Posted by Bala2107
    @sanket81 - technically EDC or External development charges are based on the base year or licensing year. a rate is applicable for each licensing year, so projects licenses in different years are supposed to have the applicable rates for year, which is 10% above the previous years. In 2009 the TCP Haryana, notified a rate of 176.28 lacs per gross acre as EDC and this is supposed to grow * 10% (compounded) for the next 4 years until 2012. Then a new rates was supposed to be notified under the new master plan 2021 or 2031. A small calculation for the different years is attached in the images. you can do your own calculations too. Just determine your FAR which is 1.75 for group housing in Gurgaon. then multiply the sq.ft. per acre 43,560 sq. ft with the FAR to arrive at the total built area per gross acre. divide the applicae EDC / gross acre by this total FAC/Acre to arrive at the EDC per sq.ft. But remember to use the base rate for the year of license of your developer. You can get this in the BBA (builder Buyer agreement) or on the TCP website.

    IDC is far more simple, at DEW its applicable * 625 per sq. meter which translates into Rs.32 per sq. ft. again different rates are applicable for different type of housing/commercial etc. but DEW falls in the Hyper potential zone on the Gurgaon Manesar Urban Complex and so a rate of 625/Sq.Meter is applicable.

    IDC Rates : Charges

    Revised EDC rates : http://tcpharyana.gov.in/Public%20Notice-Revised%20EDC%20Gurgaon.pdf


    Dear Bala,

    Our sincere compliments to you for explaining complex aspects in such a lucid manner. Also, your depth of understanding about various real estate aspects is remarkable. Keep up the good job.

    Truly enjoy going through your posts.
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  • Infrastructural development work at Diplomatic Enclave-2 site is progressing at a good pace. The peripheral road that was being levelled last month is getting the black top within a few days. That's quick! I sincerely hope that land allotment to various embassies also happens soon!

    Any positive development on this front will provide a feel good factor to sectors closer to Delhi on Dwarka Expressway! Dwarka has very average quality CGHS flats with just basic amenities. Premium quality housing of reputed builders may attract significant clientele from Diplomatic Enclave-2, which will justifiably fetch an upswing to the current valuations.

    This pic clicked today...
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  • Originally Posted by mkg007
    Infrastructural development work at Diplomatic Enclave-2 site is progressing at a good pace. The peripheral road that was being levelled last month is getting the black top within a few days. That's quick! I sincerely hope that land allotment to various embassies also happens soon!

    Any positive development on this front will provide a feel good factor to sectors closer to Delhi on Dwarka Expressway! Dwarka has very average quality CGHS flats with just basic amenities. Premium quality housing of reputed builders may attract significant clientele from Diplomatic Enclave-2, which will justifiably fetch an upswing to the current valuations.

    This pic clicked today...



    Thanks for the update. Appreciated.
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  • Originally Posted by colspyadav
    Dear Bala,

    Our sincere compliments to you for explaining complex aspects in such a lucid manner. Also, your depth of understanding about various real estate aspects is remarkable. Keep up the good job.

    Truly enjoy going through your posts.


    Sir,
    Bala ji, is a Gem of IREF, his post and knowledge remind me of BlessU.
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  • mkg007; brilliant eye in the sky for us. Just a question is the plot that small or it just looks small from your vantage point ? :)

    I thought its the whole sector, with 300 odd 1000 sq. yard plots and 100 or so 2000 sq. yard plots. provisioning for internal circulation and services, doesn't this parcel of land look a little small? Is the plot only within the bounds of the newly carpeted roads of includes the one outside on south (in your pic)? any idea.
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  • Originally Posted by Bala2107
    mkg007; brilliant eye in the sky for us. Just a question is the plot that small or it just looks small from your vantage point ? :)

    I thought its the whole sector, with 300 odd 1000 sq. yard plots and 100 or so 2000 sq. yard plots. provisioning for internal circulation and services, doesn't this parcel of land look a little small? Is the plot only within the bounds of the newly carpeted roads of includes the one outside on south (in your pic)? any idea.


    The plot size should be around 100 acres. The peripheral road running north south in the attached picture is around 700m and the one running east west is around 600m.

    As far as I know, DDA has planned 42 plots on this site, half of them measuring 2000 sq m and half of them 1500 sq m. MEA has received around 50 applications, but priority for allotment is to be accorded to 39 countries that are operating from residential houses in South Delhi.

    The plot towards south is not part of Diplomatic Enclave-2, but there are boards displaying it to be DDA land. This plot may be the one reserved to develop International Convention Centre, for which DLF had won bid a few years back, but the same was cancelled consequent to some legal issues and non payment by DLF on time.

    The plot seen towards north of Diplomatic Enclave-2 in the picture is the proposed DDA Golf Course.
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  • Originally Posted by mkg007
    The plot size should be around 100 acres. The peripheral road running north south in the attached picture is around 700m and the one running east west is around 600m.

    As far as I know, DDA has planned 42 plots on this site, half of them measuring 2000 sq m and half of them 1500 sq m. MEA has received around 50 applications, but priority for allotment is to be accorded to 39 countries that are operating from residential houses in South Delhi.

    The plot towards south is not part of Diplomatic Enclave-2, but there are boards displaying it to be DDA land. This plot may be the one reserved to develop International Convention Centre, for which DLF had won bid a few years back, but the same was cancelled consequent to some legal issues and non payment by DLF on time.

    The plot seen towards north of Diplomatic Enclave-2 in the picture is the proposed DDA Golf Course.


    My mistake, yes its 39 missions with 21 getting a 2000 sq. mt plot and 18 getting a 1500 sq.mt plot. Yes that sounds practical, also you are right the plot size if 85 acres (34 hectares), thanks for the update.
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  • Originally Posted by Choma1
    TNN | Mar 18, 2016, 01.12 AM IST



    He said that both JV partners had hired AECOM India to carry out the feasibility study and master planning of Global City project.


    Hi all,

    Any information on exact location of 'Global City- Gurgaon' on Map consisting of 1000 Acres?' on Map consisting of 1000 Acres?' on Map consisting of 1000 Acres?' on Map consisting of 1000 Acres?
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  • Bhai log,
    Spoke to Mahindra Aura today. They are offering 2400 sqft, 4BHK with SQ in all inclusive 1.8cr. That works out to bout 6000 psf BSP. Thats cheap. Sure is a buyers market now-a-days. Hope these rates move upward when ppl settle in n DEW gets ready by 2017. Any views???
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