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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

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  • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

    With due respect to everyone's opinion, I wish to summarise most people's wishes and aspirations in this thread :

    1. No one expects the rates to double or treble in the next 5-6 years.
    2. No one believes that that road will be operational in the next 6 months and all living amenties will be there in a year.
    3. Most people have very realistic assumptions about the roads, and civic amenities and social infrastructure. Possessions will start flowing in the next 12-24 months in various projects and the road will be there by then.
    4. Sewer, water and Power will be there in the same timeframe and there will be development happening in phases in various sectors over the next 12-48 months. But that doesnt mean that the place will not be liveable. Most of us would have lived in colonies seeing the neighborhood develop in front of them.
    5. Having said that, DEW has certain strategic advantages that is not enjoyed by Sohna Road or Noida Expway. Location, Masterplan, scalability, well distributed social infrastructure (industrial, commercial, residential, institutional and recreational zones). DEW currently is undervalued in many pockets primarily due to stalemate on the road scene and secondarily due to the overall RE scene. So with one thing sorting out things will improve. What % in next 3-5 years is anybody's guess. Most believe that it would be in the range of 40-60% in the next 5 years.
    6. Last point - This thread is not only for aspiring investors who wish to invest and therefore need to be cautioned about the investment climate and the possible peril of investing in DEW RE. The thread caters to a lot of people who have invested in various projects on the DEW and no matter how wise they are about the market conditions, they have no option but to stay invested. These folks need to keep together closely and monitor and discuss even the smallest of the development with great enjoyment. I think that is a perfect reason for them to cheer and be happy and stay positive as they endure the rough weather in the market. Most of these guys know and understand the financial markets and economic environment, but they need to stay positive for their own sake.
    7. What this thread may need, if at all, is when people have an objective analysis which they think is contrarian to the overall sentiment, they should be able to place it here constructively and offer people (who they think are misguided in their opinion) solutions or ways of mitigating risk or losses. Otherwise these posts are obviously colored as negativity for they offer no more gyan than what is already in plentiful supply. Also what makes them seemingly toxic is the fact that posts are targeted at individuals personality, mocking at or making fun of sentiments rather than addressing a misguided concept, if at all.

    This post is solely my views of what is the sentiment here on this thread and the market at DEW and may be wrong or I may be blissfully unaware and misguided.

    Comment


    • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

      Originally posted by gaurav1979gupta View Post
      1. the Fore most question ---- Are we all sure whether this craze for infrastructure development in NCR would still contiune after the CWG 2010 .

      This is the time taken for any Express Highway project per the latest from NHAI

      2. 48 month is the time frame for the completion of the project from the date of award of Contract .Add a delay for 6 to 18 month in this .
      3. Bidding and Contract awarding takes nearly 6-12 month after the land acquistion has been completed by the Development authoritiese .

      Some hard facts

      KMP(Kundli , Manesar and Palwal ) (137 KM) - Western periphery of Delhi was started in 2004 but is going to get open to public only by feb , March 2010.

      The work on Eastern Corridor (from Kundli , bagpat , Gazhaibad , Noida and Faridabad towards Palwal ) has not merely started and will not be completed before 2013-2014 .
      For all who think they predicted the timeline of the Expressway, this is what is really impressive. One member Gaurav Gupta had posted way back in Sept 2009 (2nd post in this thread) that it would take approximately 48 months + 18 months + 6 to 12 months which lands us in March-Sept 2016. We may call it fluke or serendipity, but when everyone in market was raving about the NPR being ready by the commonwealth games, he had pretty much the sense to cut through the crap. I dont know which planet he had in which house, but he had his brains at the right place where it belonged.

      Comment


      • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

        I'm just trying to explore the DEW area and new Gurgaon (sectors 10x, 3x, 8x and 9x). I've read in some of the project specific threads that there is no electricity and/or water supply in some of these sectors and people who are getting possession are having to rely on gensets/tankers. My questions to the forum are: 1) which are these sectors/zones? 2) when is the supply expected? 3) I'm not an expert on RE, but can prices appreciate significantly without these basic amenities?
        Last edited by JoBhiMain; May 30 2015, 02:18 PM.

        Comment


        • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

          Does any of the group members have a view on Experion Windchants in sec 112. I have invested in a unit but being out of town have limited information. Thanks in advance.
          Last edited by Janix600; May 30 2015, 04:04 PM.

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          • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

            As per both HT Estates n Times Properly of today's editions, sectors in Gurgaon close to Delhi especially DEW may face a Challenge once housing stocks in Delhi due to land pooling start to come up. Investors likely to feel the Heat. Pl read and offer your views.
            Attached Files

            Comment


            • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

              According to JLL India Research, unsold inventory as on 31/03/15 in Noida is 107000 units and that of Gurgaon is 24000 units. Availability of 25 Ladakh houses in next 6-8 yrs in Delhi wil Impact real estate markets in Noida n Gurgaon, which are already reeling under the pressure of a huge supply- demand gap.
              A worrisome scenario
              Attached Files

              Comment


              • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                The prices in sectors close to Delhi will be at par with sectors of Dwarka in 2year and almost 1.2 times to Dwarka in 5 years, due to better quality and facilities in these sectors. However the percentage increase depends upon the overall market. If market falls, then prices in dwarka ( Delhi) will also go down.

                Comment


                • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                  Originally posted by NEWVISION View Post
                  The prices in sectors close to Delhi will be at par with sectors of Dwarka in 2year and almost 1.2 times to Dwarka in 5 years, due to better quality and facilities in these sectors. However the percentage increase depends upon the overall market. If market falls, then prices in dwarka ( Delhi) will also go down.
                  That is not always the case.

                  Sector 81 in naharpar Faridabad is just 200 mtrs apart from sector 14-15 still there is a huge gap in the prices.

                  Sector 81 prices are 30% that of sector 14-15

                  Don't live in hope about the equalisation of prices so soon.

                  Rohit
                  Last edited by MANOJa; November 18 2015, 09:09 PM. Reason: Text formatting.

                  Comment


                  • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                    Originally posted by JoBhiMain View Post
                    I'm just trying to explore the DEW area and new Gurgaon (sectors 10x, 3x, 8x and 9x). I've read in some of the project specific threads that there is no electricity and/or water supply in some of these sectors and people who are getting possession are having to rely on gensets/tankers. My questions to the forum are: 1) which are these sectors/zones? 2) when is the supply expected? 3) I'm not an expert on RE, but can prices appreciate significantly without these basic amenities?
                    Sir - I am no expert either, but I have done my little homework as I am invested in a couple of projects of DEW. My 2 cents here -

                    1. They are in the process of electrifiying the new sectors 88-115. I think this is stuck in some land acquisition issue for a few 33KV substations. Last I heard this would be settled in about 3-6 months. My time-frame is about 12-18 months.
                    2. Sector roads are also in progress at various levels. Some are complete, some nearing and some in the beginning stages. Some sector roads are also stuck at land acquisition. Again the time frame for most roads are 12-18 months.
                    3. Sewerage and storm water drains - This work is going on, but due to patches of NPR stuck in litigation, this is also stuck at these sites. This will also be cleared alongwith the NPR only. Timeline 12-18 months.
                    4. ROB and some flyovers - I think HUDA is serious about a couple of them. Basai ROB is due to be complete by March/April 2016, give or take 6 months. Bajgera ROB will now start. In addition to there atleast 2 out of the four earlier planned flyovers should start work in the next 12 months.

                    5. Delhi connectivity - no prize for guessing. Land issue. Right. Give it its time. 24 months should bring a lot of clarity and some movement. Hopefully when a complete DEW is standing at its border Delhi can be pushed into acting fast. So 12 months for DEW + 12 months for Delhi connectivity. I can be day dreaming here, but I really hope this would work.

                    6. Possession - Some developments have started possession, Raheja, Mahindra (part) and some are nearing possession. Most of the developers where work is going on will be able to give possession in the next 18-24-30 months in phases.

                    7. There are two dark horses in the game NPR Metro and IFFCO chowk (blueline extn) metro. This can be a shot in arm for DEW projects. Also the allotment of diplomatic enclave and various industrial + DMIC projects at various places will add to the attraction of NPR. This is the reason why I am not fearful of additional Delhi L zone flats coming in after 5-7 years. By then NPR would have settled down as an important economy in itself and L zone flats will be an agglomeration to that.

                    So my view is if you wish to invest (I don't your budgets/constraints), invest in a good developer (ATS/Shobha/Puri/Tata/Godrej etc.), good location and nearing completion projects. try to negotiate hard and get full value. Wait for 2 years by contributing to and listening to our friends on this thread and the occasional fortune tellers *.

                    Don't expect much price movement in the next 2 years. If you get you are lucky, but dont expect it. The real momentum will start after 24 months when all the above (sector roads, NPR, ROB's, Flyovers, and the mother of all - Delhi connectivity) happens. Give it another 6-12 months if some things don't happen in this time frame.

                    So my hunch is :
                    12 months - Zero Expectation (just pray that things keep moving)
                    24 months - slighly positive (see if all these things are coming through)
                    36 months - should see good movement (equilibrium with Sohna road/GCX projects)
                    48-60 months - likely to see 30-60% (depending on your project, location, maintenance etc)
                    72 months - at par with comparable Dwarka sectors/Palam Vihar/GC road projects, as applicable.

                    If you are an end user, DEW should be nicely treating you in 24-36 months, with all livability issues sorting out. If you are an investor - DEW is a multibagger, you will have to wait 4-5 years for a good return, probably out pacing any-other project in the NCR. But this is not without the usual caveats.

                    * this is on a lighter note, with no intention of belittling their contribution which can be a valuable addition to your existing point of view.
                    Last edited by Bala2107; May 30 2015, 08:02 PM.

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                    • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                      Originally posted by rohit_warren View Post
                      That is not always the case.
                      Sector 81 in naharpar Faridabad is just 200 mtrs apart from sector 14-15 still there is a huge gap in the prices.
                      Sector 81 prices are 30% that of sector 14-15

                      Don't live in hope about the equalisation of prices so soon.

                      Rohit
                      We are discussing about DWE not Faridabad. If you want to give logic, give for the same area. You can discuss Naharpar on the respective forum.

                      Comment

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