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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

    Originally posted by abhay1991 View Post
    'Dwarka E-way, Noida Extension among areas to give top returns'


    MUMBAI: Ulwe in Navi Mumbai, Wadala and Chembur are expected to generate the highest returns for residential real estate investors over the next five years, a report by property firm Knight Frank has revealed. In fact, seven of the top 9 spots on the list of 13 areas are occupied by localities in Mumbai and Pune. While rates in Ulwe are expected to rise 145% in five years, in Wadala and Chembur, the hike is likely to be 133% and 125%, respectively.
    The report seeks to identify areas that will develop because of factors such as job creation, infrastructure development and lifestyle change. "We identified 100 cities using banking penetration, hotel room demand, and air passenger traffic as surrogates for business activities. For infrastructure development, the current and proposed investment in infrastructure were taken as proxies," said Samantak DasS, director, Kinght Frank.
    Based on the study, Mumbai, Delhi, Bangalore, Chennai and Pune emerged as the top five cities within which the firm decided to identify investment opportunities

    "This is why we have not listed out cities like Hyderabad which fall outside the top five," Das said.
    From the five cities, Knight Frank has listed 13 zones which are expected to appreciate by over 90% in the next five years. Of the 13, the top three areas are in Mumbai. They are followed by Noida Extension and Dwarka Expressway in the National Capital Region (NCR), Medavakkam in Chennai and Hinjewadi in Pune.
    The cheapest areas identified by the study are Noida Extension in NCR and K R Puram in Bangalore, where prices range around Rs 3,200 to Rs 3,245/square foot. At the other end are Wadala and Chembur, where market prices reign in the region of Rs 12,000 to Rs 15,000/sq ft.
    In terms of infrastructure, Ulwe is expected to gain because of new projects, which include suburban rail connectivity, the trans-harbour creek bridge and the proposed Navi Mumbai airport. Although there has been a spate of title disputes in Ulwe in the past, lenders say Cidco has become more discerning and there are now projects with clear title where big names such as HDFC are willing to lend. Wadala prices are expected to rise as the area gets re-rated following lifestyle changes that are taking place as very large projects come up. "Link road in Malad has already witnessed a lifestyle shift which has resulted in prices there rising faster. Wadala, too, is undergoing a lifestyle shift," Das said. Chembur is expected to benefit from the completion of the Santa Cruz-Chembur link road, the Eastern Express Freeway and the monorail.
    According to Das, the Planning Commission's projection of a housing shortage of 26 million units does not reflect the demand for housing but the need. Employment generation will translate that need into demand by increasing affordability, he said, adding, "Our research is targeted at the end-user and not those who are looking at property for self occupation. We have projected the appreciation net of transaction costs but have not taken into account either the rental income or expenses for maintaining the property. In any case, the rental income will only be around 2%
    Hi
    Greetings

    Abhay ji your posts are more knowledgeable than anything that the Knighty Frankly report has to say.

    They have selected 4 projects for dway analysis

    Project Sector Developer No. of Units Launch Date Completion Date

    Vedas 108 Raheja Builders 250 Nov-10 Dec-13
    The Residency 103 The Landmark Group 500 Dec-10 Mar-14
    Centrum 103 India Bulls 750 Mar-09 Mar-13
    Aura Phase III 110 Mahindra Life Spaces 110 Apr-11 Mar-14

    Those mentioned to be delivered/completed by Mar/Dec 13 have not finished nor landscaped but mere brick structures at different stages.. OC alone will take 6 months to obtain.. and even if delivered by Mar/Dec 13, doubt if anyone would be able to live in them before March 15.

    I am sure you would not like to base your estimates about returns on the performance of these representative builders. None of the chintels group project is touched, even though they own the largest land bank, and a flopped project like Landmark is being assessed to give you an idea of the returns..

    please read the report given in an earlier post and share your views to ascertain the correctness and trustworthiness of this report..

    Cheers
    ( ignore if u don't like )
    Last edited by BlessU; November 21 2012, 05:27 PM.

    Comment


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

      Circle rates hiked in Delhi. Some places by as much as 200%.

      Any views on whether this will have a spillover effect in Gurgaon and on this region specially?

      Comment


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

        Originally posted by TAggarwal View Post
        If prices will double in 5 years on DEW than it is not a good investment . I invested in Sept 2010 in Vipul at 2609 ( current company price 5500 , Resale 4200 , paid 80% ) , Anantraj at 2231 ( current company price 4600 , Resale 3400 , paid 45% ) , Ansal Esencia Floor at 59.4L ( current company price --- , Resale around 95L , paid 70% ) . Why take risk on DEW when you can get better return in other Gurgaon ?
        Gone are the days of such returns.
        Now the projects being launched are at a future price, i.e, the returns are already eaten away by builders for next 2 years. The obscene prices of 7000-7500 for projects in 104 and 6500 in 102A are an example. However i am not supporting this report as it appears to have been sponsored article.

        Comment


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

          It can b paid article so ignore it if u donot like....
          Peripheral roads stuck in legal tangle


          The much awaited northern peripheral road (NPR) project, which connects Delhi with Gurgaon, is likely to miss its deadline of December 2.

          This is the Haryana government’s biggest ever project in terms of the width (150m) of the expressway, connecting Dwarka in west Delhi and Kherki Daula. The NH-8 is only 75m wide.

          The total length of the NPR, also known as Dwarka Expressway, is 18km of which the Haryana Urban Development Authority (HUDA) had awarded only 14km. The contract was given to JSR Construction Pvt Ltd and Indiabulls Construction Limited, who are working jointly.
          The project was awarded on April 1 last year, with a completion deadline of one year that expired on March 31 this year. The HUDA extended its deadline by six months and later set its deadline as December 2.

          According to a HUDA official, the bituminous work is complete only on 6km stretch till date.

          On the rest of the 14km stretch, the HUDA official said, “Work is in full swing on the awarded length.”

          Earlier in April, HUDA officials had said that 14km length of the NPR would be completed latest by October and there would be no further extension.

          “We are closely monitoring the work progress and are hopeful that the October deadline will be the final,” the then executive engineer, HUDA had said.

          The unawarded 4km stretch is stuck in legal tangle as hundreds of local people have moved court demanding fair compensation from the Haryana government.

          “Until the government gives us compensation as directed by the PunjabandHaryanaHigh Courtin 2006-07, we will not allow the NPR work to take place,” said Rishi Raj Rana, area councilor.

          The NPR starts from Dwarka in west Delhi and passes through Bijwasan, New Palam Vihar, Kherki Daula and finally meets at NH-8. HUDA Sectors 83 to 113 are located along this expressway. There will be a commercial belt touching Sectors 105, 106, 109,110, 110A, 111, 112 and 113 with Sectors 100 and 101 being for public utilities.

          Sectors 114 and 88 are fully commercial. Other residential sectors that are a little far away from the expressway but will benefit from it are Sectors 81-86, 89-93 and 95.

          “The delay is a sign of the negligence of the government. The government is not ready to realise that tens of thousands of people have invested their hard earned money in upcoming properties along the NPR,” said Navin Raheja, president of the National Realty Development Council (NRDC) of India. SOUTHERN PERIPHERAL ROAD Like the northern peripheral road (NPR), the southern peripheral road (SPR), 12km, will also prove to be the lifeline for the future growth of Gurgaon. But the delay in its completion is worrying the commuters. A three-km stretch between NH-8 and Sohna Road is still incomplete.

          The SPR’s extended time line is December 2 but like the NPR, the SPR is also stuck in legal tangles resulting in delay upon delay. The SPR connects Kherki Daula on NH-8 with village Ghata, near Sector 55, further to FaridabadGurgaon highway, which is used by thousands of commuters to reach Sohna from Faridabad and vice versa, to bypass the busy MG Road.

          In connection with the SPR, the government has shown utmost negligence by not solving the issue of a small village, Darbaripur that is proving to be a major hurdle.

          The people of the village have moved the Punjab and Haryana High Court accusing the Haryana government of forcibly acquiring their forefathers’ land and displacing them to benefit the developers.

          “We are not going to leave our ancestral land, we have been here for hundreds of years and the government did not even inform us that it is planning to acquire our land. We are not going to compromise at all with this land,” said Rambir Singh, a resident of the village, adding that the government has conspired with the developer to snatch their land.


          “The two mega projects, NPR and SPR are the future growth of the millennium city. We hope the Haryana government will solve the issues shortly,” said DPS Nagal, chief administrator, HUDA.

          Comment


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

            Originally posted by TAggarwal View Post
            Peripheral roads stuck in legal tangle


            The much awaited northern peripheral road (NPR) project, which connects Delhi with Gurgaon, is likely to miss its deadline of December 2.

            This is the Haryana government’s biggest ever project in terms of the width (150m) of the expressway, connecting Dwarka in west Delhi and Kherki Daula. The NH-8 is only 75m wide.

            The total length of the NPR, also known as Dwarka Expressway, is 18km of which the Haryana Urban Development Authority (HUDA) had awarded only 14km. The contract was given to JSR Construction Pvt Ltd and Indiabulls Construction Limited, who are working jointly.
            The project was awarded on April 1 last year, with a completion deadline of one year that expired on March 31 this year. The HUDA extended its deadline by six months and later set its deadline as December 2.

            According to a HUDA official, the bituminous work is complete only on 6km stretch till date.

            On the rest of the 14km stretch, the HUDA official said, “Work is in full swing on the awarded length.”

            Earlier in April, HUDA officials had said that 14km length of the NPR would be completed latest by October and there would be no further extension.

            “We are closely monitoring the work progress and are hopeful that the October deadline will be the final,” the then executive engineer, HUDA had said.

            The unawarded 4km stretch is stuck in legal tangle as hundreds of local people have moved court demanding fair compensation from the Haryana government.

            “Until the government gives us compensation as directed by the PunjabandHaryanaHigh Courtin 2006-07, we will not allow the NPR work to take place,” said Rishi Raj Rana, area councilor.

            The NPR starts from Dwarka in west Delhi and passes through Bijwasan, New Palam Vihar, Kherki Daula and finally meets at NH-8. HUDA Sectors 83 to 113 are located along this expressway. There will be a commercial belt touching Sectors 105, 106, 109,110, 110A, 111, 112 and 113 with Sectors 100 and 101 being for public utilities.

            Sectors 114 and 88 are fully commercial. Other residential sectors that are a little far away from the expressway but will benefit from it are Sectors 81-86, 89-93 and 95.

            “The delay is a sign of the negligence of the government. The government is not ready to realise that tens of thousands of people have invested their hard earned money in upcoming properties along the NPR,” said Navin Raheja, president of the National Realty Development Council (NRDC) of India. SOUTHERN PERIPHERAL ROAD Like the northern peripheral road (NPR), the southern peripheral road (SPR), 12km, will also prove to be the lifeline for the future growth of Gurgaon. But the delay in its completion is worrying the commuters. A three-km stretch between NH-8 and Sohna Road is still incomplete.

            The SPR’s extended time line is December 2 but like the NPR, the SPR is also stuck in legal tangles resulting in delay upon delay. The SPR connects Kherki Daula on NH-8 with village Ghata, near Sector 55, further to FaridabadGurgaon highway, which is used by thousands of commuters to reach Sohna from Faridabad and vice versa, to bypass the busy MG Road.

            In connection with the SPR, the government has shown utmost negligence by not solving the issue of a small village, Darbaripur that is proving to be a major hurdle.

            The people of the village have moved the Punjab and Haryana High Court accusing the Haryana government of forcibly acquiring their forefathers’ land and displacing them to benefit the developers.

            “We are not going to leave our ancestral land, we have been here for hundreds of years and the government did not even inform us that it is planning to acquire our land. We are not going to compromise at all with this land,” said Rambir Singh, a resident of the village, adding that the government has conspired with the developer to snatch their land.


            “The two mega projects, NPR and SPR are the future growth of the millennium city. We hope the Haryana government will solve the issues shortly,” said DPS Nagal, chief administrator, HUDA.
            Is Haryana govt even interested to solve the issues... 5 years progress 4 Kms done... Pathetic, hopefully they realise that people have put their hard earned money unlike them who have crores with them....

            Comment


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

              Originally posted by BlessU View Post
              Hi
              Greetings

              Abhay ji your posts are more knowledgeable than anything that the Knighty Frankly report has to say.

              They have selected 4 projects for dway analysis

              Project Sector Developer No. of Units Launch Date Completion Date

              Vedas 108 Raheja Builders 250 Nov-10 Dec-13
              The Residency 103 The Landmark Group 500 Dec-10 Mar-14
              Centrum 103 India Bulls 750 Mar-09 Mar-13
              Aura Phase III 110 Mahindra Life Spaces 110 Apr-11 Mar-14

              Those mentioned to be delivered/completed by Mar/Dec 13 have not finished nor landscaped but mere brick structures at different stages.. OC alone will take 6 months to obtain.. and even if delivered by Mar/Dec 13, doubt if anyone would be able to live in them before March 15.

              I am sure you would not like to base your estimates about returns on the performance of these representative builders. None of the chintels group project is touched, even though they own the largest land bank, and a flopped project like Landmark is being assessed to give you an idea of the returns..

              please read the report given in an earlier post and share your views to ascertain the correctness and trustworthiness of this report..

              Cheers
              ( ignore if u don't like )

              heloo blessu ji

              i read the report

              gurgaon progress is very much slow and reagdring the post i write the news i posted from times of india i forgot to add link( link is there in assorteh sector 99 thread )

              i m also end user and investor of dew
              expressway problem are much but still in newspaper it is comming it is best

              regardring that 4 projects i don't know why they add landmark

              expressway will take much time but all are saying 10 years that i think is wrong atleast till 2015 i think road will built beacuse many projects will ready

              regardring landmark i don't why they add but before invesitng first everyone should see builder
              there are many builders in gurgaon which keep on launching new project never start or very much slow start every bdy stay away from that builders
              i will not write name of that builders

              reagdring the compltion date of that projects that i don't know i know only of mahndra ( beacuse my friend having small 2 bhk ) as per company possesion is next year i thhink he can live

              ( ignore if u don't like )
              Last edited by Abhay; November 22 2012, 03:57 PM.
              NEVER BUY ANY PROPERTY BY SEEING COMMENTS ALWAYS VISIT LOCATION

              Comment


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

                Originally posted by Maverick9999 View Post
                Is Haryana govt even interested to solve the issues... 5 years progress 4 Kms done... Pathetic, hopefully they realise that people have put their hard earned money unlike them who have crores with them....
                4 Kms in 5 years with this speed they need 10 years to complete rest of 10 Kms. And for disputed 4 Kms how much......only god knows...

                I don't feel they shall ever able to construct DEW, the cases of Daultabad factory owners settled in 2010 and even after passing the 2 years they didn't able to provide the alternate plots and now again all of these are moving court to reopen the case means this issue again comes in dispute which was already got settled. 

                The issue of 500 houses in Kherki Daula and New Palam are  already pending in court and HUDA is only waiting for miracle to happen and leaving the matter to settle down by own. How it is possible? I don't know why they kept silent on disputes, are they really serious on the exway or part of nasty game being playing by builders.

                Praveen babu topi uttar kar kuch sir ki garmi bahar nikalo tabhi sir thanda hoga aur kuch dhang ka sochoge....
                Sab 99 ka fer hain............

                Comment


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

                  I can foresee mass agitation in 2013 end 2014 begining to move the govt administration..... This is the only way. Today everyone is riding on the investments made and waiting for possession. No real need to push the construction but once end user will not have roads people will come out on roads

                  Comment


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

                    Originally posted by krishna99 View Post
                    Gone are the days of such returns.
                    Now the projects being launched are at a future price, i.e, the returns are already eaten away by builders for next 2 years. The obscene prices of 7000-7500 for projects in 104 and 6500 in 102A are an example. However i am not supporting this report as it appears to have been sponsored article.
                    yes you are right . I am looking for another investment in the budget of 60-70L but could not find any interesting option . I am more comfortable with pre-launch booking but as prices are too high so I am looking for resale deal .

                    Comment


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

                      I heard a rather peculiar news today from a trusted source , Though he also couldnt confirm it , It seems in the patch of 103 where Eway has already got blacktop on 42m , There was earth work going on both the sides till the total width of the Eway , when asked from the guys working there , They told ki yaha sadak puri banegi (150m in width) , I fail to understand this , if the contract is awarded for only 42m right now , why are they making road on the rest of the width as well ???

                      Though this had to be done but it was supposed to be done later on . I didnt get any pics so will try to get them ....

                      Comment

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