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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

Last updated: 14 hours ago
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  • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

    i think its time when this issue needs credible solution. Resolution will benefit all as it wud lead to overall development

    Comment


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

      NPR (Northern Peripheral Road)/ Dwarka Expressway updates

      Originally posted by laksh2013 View Post
      i think its time when this issue needs credible solution. Resolution will benefit all as it wud lead to overall development
      DejaVu

      Agreed
      Nothing Surprises Me

      Comment


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

        Dwarka Expressway faces risk of a real estate price bubble but developers upbeat

        Dwarka Expressway faces risk of a real estate price bubble but developers upbeat | Business Standard

        once tipped as a promising realty market, faces the risk of a price crash if infrastructure development doesn’t pick up, say experts.

        Once completed, the Dwarka Expressway (Northern Peripheral Road) would be an alternative link from Delhi to Gurgaon. The expressway is expected to be much wider than the Delhi-Gurgaon Expressway (NH 8).

        In the last five years, this market has seen price appreciation of about 206 per cent —from Rs 2,329 a sq ft at the end of March 2009 to Rs 7,121 a sq ft at the end of March 2013, according to data by research firm PropEquity. Though the area has been attracting a higher premium because of speculative buying, hardly any project has been executed yet. Builders and analysts said a stretch of about four km in the 18-km long expressway was under litigation for the last few years, as residents had moved court and secured a stay order.

        On condition of anonymity, those tracking the sector said if the slowdown in the realty market continued for about a year, investor interest in Dwarka Expressway would decline.

        A Gurgaon-based broker said property prices in Dwarka Expressway had risen very fast, primarily due to speculations. But now, owing to infrastructure hurdles, the prices are expected to fall, unless an improvement is seen soon. “Many have invested in the projects, but there are hardly any signs of a resolution to the issues related to litigation around the area. The matter might drag on for years, forcing investors to shift to other areas such as New Gurgaon, which is better in terms of infrastructure development,” the broker said.

        Many developers, including Tata Housing, Raheja Group, Godrej Properties, Ramprastha, BPTP and M3M, have lined up projects in this area. Navin Raheja, chairman and managing director, Raheja Builders, and president of the National Real Estate Development Council, said, “It is unfortunate that the expressway has not been fully completed yet. If that was the case, the scenario would have been completely different. However, it will be functional soon.” The Raheja group has three projects in this area.

        Raheja said projects surrounding the expressway were among the best for real estate investment, given their proximity to the international airport, the diplomatic enclave and Dwarka. “The area is poised for stupendous growth, with the best names in the realty industry already having launched ultra-luxury projects in the area,” he said, adding this was the right time to invest, as prices were stable.

        Samir Jasuja, founder and chief executive, PropEquity, says, “Dwarka Expressway has primarily been an investor-led market. While the location carries good long-term potential, given the overall market condition and infrastructure issues, there are short-term challenges.” He admitted prices had risen significantly and infrastructure development was yet to pick up.

        Developers such as Tata Housing, which has the Getaway Capital project in this area, and Ramprastha Group, which has a 500-acre township along the stretch, are upbeat. Brotin Banerjee, managing director and chief executive of Tata Housing, said, “Dwarka Expressway offers scope for proper planned development and has great potential for aspiring real estate developers. The development of this stretch will not only reduce travel time between Delhi and Haryana, it will also open avenues for planned commercial and urban development in the region.”

        He added Dwarka Expressway was recognised for its affordable rates — the primary reason why professionals from Gurgaon were buying houses in this market — not for investment, but for end-use.

        Nikhil Jain, chief executive of Ramprastha, said, “There are no signs of any bubble. Challenges are there, but we have not seen any withdrawals from the Dwarka Expressway market.”

        Comment


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

          status of NPR and sector roads

          1. Land AvailabilityStatus
          Total Length (18.00Km)
          Clear length (12.79Km)
          Clear but local problem (2.47Km )
          Stay portion (1.68Km)
          ROB approaches (1.00Km)
          Work held up due to forest (0.06Km)

          2. Construction status of road :
          Upto 12.79 Km is likely to be completed within next 10Days

          3. Const. of 4 Nos Culverts status is Design approved and diversion of drain & raft has been laid at one side , completion date 31st December , 2013

          4. Storm Water Drain in 14 K.M available land 3Km lengths constructed and work is in progress, expected completion date 31st march, 2014.

          5. sectror roads for sector 99 to 115 :
          Total road length as per
          Tender / DNIT = 17.13
          Km.
          Total road completed at site = 13.00Km.
          Clause – II has been imposed due to slow progress of work vide XEN-V, GGN letter No.
          11229 dt 11.12.2012. However work is in progress & to be completed by
          31.10.2013.

          6. construction of recently acquired 60m road status :
          Total road length as per Tender / DNIT = 1.40 Km.
          Work recently started. Earthwork in progress at site in entire 1.40Km length. The work will be completed by 28.07.2013.


          7. Const. of 2 Nos. bridges / culvert Rs.530.00Lacs
          Work recently started,Diversion is under construction at site


          8. Providing master sewerage scheme of Sector -77 -115 Urban Estate Gurgaon Restricted Amt. Rs. 12002.25Lacs,
          Survey work is completed. Material offered for inspection & inspection is in progress.
          Last edited by kinjalchato; August 17 2013, 11:10 PM.

          Comment


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

            Originally posted by kinjalchato View Post
            1. Land AvailabilityStatus
            Total Length (18.00Km)
            Clear length (12.79Km)
            Clear but local problem (2.47Km )
            Stay portion (1.68Km)
            ROB approaches (1.00Km)
            Work held up due to forest (0.06Km)

            2. Construction status of road :
            Upto 12.79 Km is likely to be completed within next 10Days

            3. Const. of 4 Nos Culverts status is Design approved and diversion of drain & raft has been laid at one side , completion date 31st December , 2013

            4. Storm Water Drain in 14 K.M available land 3Km lengths constructed and work is in progress, expected completion date 31st march, 2014.

            5. sectror roads for sector 99 to 115 :
            Total road length as per
            Tender / DNIT = 17.13
            Km.
            Total road completed at site = 13.00Km.
            Clause – II has been imposed due to slow progress of work vide XEN-V, GGN letter No.
            11229 dt 11.12.2012. However work is in progress & to be completed by
            31.10.2013.

            6. construction of recently acquired 60m road status :
            Total road length as per Tender / DNIT = 1.40 Km.
            Work recently started. Earthwork in progress at site in entire 1.40Km length. The work will be completed by 28.07.2013.


            7. Const. of 2 Nos. bridges / culvert Rs.530.00Lacs
            Work recently started,Diversion is under construction at site


            8. Providing master sewerage scheme of Sector -77 -115 Urban Estate Gurgaon Restricted Amt. Rs. 12002.25Lacs,
            Survey work is completed. Material offered for inspection & inspection is in progress.
            Good information.
            Above info is quality post.



            Nothing Surprises Me
            Nothing Surprises Me

            Comment


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

              I am having two investments in NPR with Era and IndiaBulls. I had planned to exit in May. Now getting a value less by 15 percent than i was getting earlier. Badly stuck and furious over all the false promise made by Builders and agents. Big thieves, all of them.

              Comment


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

                As and when we decide to exit from the project,we should dispose off the unit at prevailing price rather to wait to earn extra bucks.Some times these expectations of earning extra bucks lands us to loose the deal.

                Comment


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

                  Originally posted by laksh2013 View Post
                  Ultichakri & Manoja ji : some credible inputs are required from your side. Looking forward Sir


                  Heard that talks have failed & many litigants r planning to approach the Supreme Court .

                  Please note that this could be a rumor, as i have no confirmations or denial of the above from a credible source .
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                  Comment


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

                    Originally posted by MANOJa View Post
                    Heard that talks have failed & many litigants r planning to approach the Supreme Court .

                    Please note that this could be a rumor, as i have no confirmations or denial of the above from a credible source .
                    big problems for DEW if they are planning to approach supreme court
                    NEVER BUY ANY PROPERTY BY SEEING COMMENTS ALWAYS VISIT LOCATION

                    Comment


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

                      Originally posted by abhay View Post
                      big problems for DEW if they are planning to approach supreme court

                      If this info is correct then I dont this is big problem. As this will be last hope for NPV resedents, and if SC passes some order every body have to bind by it. And SC will take less time than HC. Any way I am not in favour of destructing some ones house to construct a road if ample open space is available for road contruction just next to those houses. But any way these bubus will never understand these things. Wish this NPR problem gets resolved soon.

                      Comment

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