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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

    Hi

    Sorry, but I am not able to PM to be included in the telegram group

    Please help
    Last edited by Malvish; March 5 2016, 12:02 AM.

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

      Originally posted by Choma1 View Post
      PTI | Mar 03, 2016, 10.50 PM IST

      NEW DELHI: Congress Vice President Rahul Gandhi today assured the home buyers that his party was committed to a strong Real Estate Bill to protect their interests and would ask the government to bring it in Parliament at the earliest.

      In a series of tweets, Rahul said: "Met representatives of home buyers from across the country earlier today".

      He said he assured them that @INCIndia is fully committed to a strong Real Estate Bill to protect them.


      Rahul Gandhi assures home buyers of a strong Real Estate bill - The Economic Times
      Strong means he will oppose it.

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

        The Bajghera road RoB has been included in this years railway budget..cost was to be shared equally between Haryana Pwd and Railways..Cm Haryana had written to Suresh Prabhu to include it in this budget -which he has done...Now all clear for tender to be floated I believe..

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

          Originally posted by ALTAVISTA View Post
          The Bajghera road RoB has been included in this years railway budget..cost was to be shared equally between Haryana Pwd and Railways..Cm Haryana had written to Suresh Prabhu to include it in this budget -which he has done...Now all clear for tender to be floated I believe..
          Nice to know.

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

            Originally posted by NEWVISION View Post
            Strong means he will oppose it.
            If its upto Rahul then god only knows..!!!

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

              Originally posted by ALTAVISTA View Post
              The Bajghera road RoB has been included in this years railway budget..cost was to be shared equally between Haryana Pwd and Railways..Cm Haryana had written to Suresh Prabhu to include it in this budget -which he has done...Now all clear for tender to be floated I believe..
              Does anyone know if this is still the crossing and alignment?
              http://forestsclearance.nic.in/write...RAGEOPLAN).pdf

              Click image for larger version

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

                Some facts about property prices hike in NCR.
                Per my knowledge property prices had a significant hike /appreciation as under

                1988-90 (Strong, 3 fold, 2-3 years)
                1996-97 (Moderate, 2 fold, 1-2 years)
                2004-07 (Strong, 3 fold Min., 3-4 years)
                2010-12 (moderate+ 2 fold, 2-3 years)
                If it works same way
                2017-19 should be another season of price hike /appreciation
                and due to moderate season of 2010-12 and as prices has gone down (not stable)
                2017-19 may be a season of 3 folds till 2020.

                Few of you may have a big laugh but surely few may be agree to it.....

                So, do some homework, Near or Far, Small or Big, Go n get it
                After one year it is going to be now OR never situation like 2004.
                Also believe 2016-17 are the years of global slowdown

                Thanks

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

                  BRapria; thanks for that analysis. In my opinion, there has been a sea change in fundamentals and valuation methodology of RE over the years. The industry has gone through such a tremendous change in the last 4-5 years that comparison with prior periods have become misleading (to say the least). Some of the serious changes that have come in the last decade (with special emphasis to 5-6 years).

                  1. the advent of group housing and High density housing. Social changes and preference for security and social amenities (pool,club, parking, gardens etc.) over self built plotted developments.
                  2. The high FAR regime and the skyscraper development (well atleast the aspiring ones that are 40+ floors)
                  3. democratization of tier II and tier III RE markets. Earlier its was only 2 RE markets in India clocking almost 85% of the transactions by value and 65% by volume. (NCR/Mumbai). This slowly spread to the Hyd, blr, chennai, kolkata areas and followed by over 100s of towns in UP, MP, Maharashtra and every other state not has vibrant RE markets.
                  4. Valuation has become very speculative with flipping culture and stock market like actions. This was non-existent before 6 years.
                  5. Cost of construction overtaking cost of land (FSI not raw land) in all markets.
                  6. Taxation of the RE industry. Currently 30% of the cost of MIG housing (4000-5000/sqt) and even more in case of low cost housing goes in successive and cascading taxes (EDC/IDC/Sertvice Tax/VAT/Registration etc.)

                  There are many other changes too, which are outcomes of the above main ones and contribute to a game changer in this industry and the face o RE is no longer what it was in the 90s or even the first decade of 2000.

                  appreciation of RE prices going forward is not going to be on gut feel or emotions or even provident thinking, its going to be very scientific and anlytical - based on - infrastructure growth, social amenities, employment opportunities, public transportation, good maintenance of neighborhood and complex. etc.

                  Land which used to play a large role in RE prices in the earlier decade and before, has become a small component (say 10-15% in cas of HIG, 15-20% in case of MIG, 20-25% in case of LIG housing) in the landed cost of RE today. say earlier governments had an executive monopoly in the supply of land and effectively controlled prices, but now with HDH, things have been turned on its head and market forces are directly controlling prices.

                  However I am not saying that your analysis is not thought through, but only that price escalation or valuation will be very subjective and dependent on ground factors and not a general rule across many micro markets. for eg. If lucknow gives good employment and good lifestyle then Lucknow RE market can overtake Gurgaon's (just a thought), this will also apply to micromarkets within a market. So if Noida does well on lifestyle and employment indices, RE investments there can perform much better than a DEW or even GCX etc.

                  the names of the areas are just indicative and not to be taken literally.
                  Last edited by MANOJa; March 5 2016, 09:43 AM. Reason: User tagging.

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

                    What you are sharing is absolutely correct Bala2107; however what I had shared are two different things.

                    I am talking about property price trend at various stages. India 1947 can't be compared with India 2016. A father can't be compared with his son but with his father's friend. Experion (3 Bed, 3.5cr) can't be compared now with any other property in the same or nearby sectors like 109, 110, 111 etc. That difference is still there.

                    Also I am talking only about NCR (specifically Delhi) and don't have any idea about complete Indian market at various stages. there was no Gurgaon and Noida before 1996 but people started observing potential. India 1990 and 2010 are entirely different models.

                    We should not forget, price trend can vary within a city and infrastructure plays a big roll to that. No wonder if DEW prices will be same as Golf course road (double now) after 10 years

                    Again, what I wanted to share is ..... boom times
                    Last edited by Malvish; March 6 2016, 12:59 AM. Reason: Text formatting.

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

                      Originally posted by BRapria View Post
                      What you are sharing is absolutely correct Bala2107; however what I had shared are two different things.

                      I am talking about property price trend at various stages. India 1947 can't be compared with India 2016. A father can't be compared with his son but with his father's friend. Experion (3 Bed, 3.5cr) can't be compared now with any other property in the same or nearby sectors like 109, 110, 111 etc. That difference is still there.

                      Also I am talking only about NCR (specifically Delhi) and don't have any idea about complete Indian market at various stages. there was no Gurgaon and Noida before 1996 but people started observing potential. India 1990 and 2010 are entirely different models.

                      We should not forget, price trend can vary within a city and infrastructure plays a big roll to that. No wonder if DEW prices will be same as Golf course road (double now) after 10 years

                      Again, what I wanted to share is ..... boom times
                      Kaash ....you know dude you may have a point and I have to concur most real estate runs in a 7 year cycle give or take

                      I am glad I am not the only one suggesting 2019 and in addition it is heartening to hear the importance of infrastructure in promoting any township or its sorts

                      All that is needed is government and builders to be transparent


                      So the highly informative Bala and your good self have very valid points

                      Why mr Bala are you not in government -??????- apologies if you are and you are using a pseudonym

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