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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  • 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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  • I am told Experion Windchants, a luxury complex, is available at similar price in secondary market. Structure complete and possession likely to start in 12 months time. You may want to look at that.
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  • Gents...K'ly KIV that the area has to support itself, which will take time..Also as highlighted earlier on this thread..its close to Dwarka and not Delhi..which holds no commercial value.......End users will take time to move in..Pls keep that in mind, why near launch rates are still available in secondary market for projects even close to possession..

    Rates r not running anywhere..So pls due ur due diligence carefully...Area will surely come as many expects it to be....Dnt buy just because your neighbor is buying.!
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  • Arzoo --You are right Borther/Sister from another Mother as they say --Google translate it actually translates Hindi ! Kind of takes the satisfaction out of learning but I am all for progress ..you know Iphone Apple Liposuction etc

    Seriously dude thanks for that ..will use in the future
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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.


    2019

    Hey Dude ha Yes yes I sincerely Hope You are correct ..ghee shaker moo mein and all

    On a practical note I guess it would be nice to have infrastructure ready by then too but that wishful thinking , crawl before walk before run mantra as its said

    I hope my project actually gets built properly and I can wait a little provided no one "cuts" corners and provides a substandard product just to give it by some deadline to avoid penalties
    The project allegedly has good people ..not modelesque pretty beautiful ones ..the brochures do though.....but good people you know . I just hope the Company holds up their end of the contract and are true to what they sold me and multiple others

    Until 2017 it is .....well if you will allow me I will keep 2019 in my back pocket ..Just gives me a little comfort zone
    Hope you keep well

    Peace
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  • Originally Posted by Bala2107
    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.




    Well Mr Bala2107 --hows life treating you Dude ..Going strong I read ,Keep it up

    Fingers crossed --it all Pans out for the best -I was hoping New India New Gurgaon New Indians Young Dynamic Go Getters Innovative ..you know the Types who develop and build .and are smarter clever and more modern in their outlook and approach ..just look at some of the Top people in the World and I am not blowing My Own Country folks and brethren its just true

    -so was hoping it would be different to the Chalta hai attitude and Aaj ka Kaam kal karo Kal Ka Kaam parson itna jaldi bhi kya hai agar jeena hai bahrason of yesteryears thought process

    Well let see maybe 2017 could be ---but as mentioned to the Good Khalsa I will still just keep 2019 as a comfort zone

    Peace
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  • 4000 PSF mein to L Zone milega shayad!
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