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 BlessU
    Hi
    Greetings

    Nothing can conquer belief of a dead man. Once dead all beliefs are respected and honoured.

    Cheers


    Hi

    In this case, one person on the path of death will pull other along

    Cheers
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  • Originally Posted by BlessU
    Hi
    Greetings

    This would be the news I would be eagerly waiting for along with connectivity on NH8 of which we have no reference..
    Rest litigation would simply fade away/become insignificant as law can be applied on POA cases of agricultural land any day.

    Cheers


    Hi BlessU Bro - the meeting of Aug 20th (47th meeting) has already cleared the deck if you see the MoM, uploaded on their site and in my post. The barthal chowk development and the Flyover DPR developments are following these decisions only. I am only concerned that the 48th meetings shouldnt have some change to the alignement at the Haryana Border. Rest is all firmly in place. Have no doubts about that. The Elections (delhi/Centre/Haryana and Delhi again) could not have come at a worser time, these have eaten away 15 months of high action time.
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  • Arrey Bhai,

    Proposed "Smart city of Modiji" is of 50-60 acres.. a big C.

    Why waste time in these useless discussions?

    Delhi will have country's first 'smart city' - The Times of India

    Shubh Ratri.
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  • Originally Posted by matrix_55
    Arrey Bhai,

    Proposed "Smart city of Modiji" is of 50-60 acres.. a big C.

    Why waste time in these useless discussions?

    Delhi will have country's first 'smart city' - The Times of India

    Shubh Ratri.



    Dude, even i was reading that article. However there are conflicting pieces of info

    TOI quotes 20-24 hectares
    Bala posted a clip which said 20000-24000 hectares with each city being the size of dwarka

    If what you say is correct, then indeed there is nothing to worry about
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  • 20-24k hectares is the total land pooling area.

    Yes, one should be be discussing that. Not smart city BS.
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  • NPR (Northern Peripheral Road)/ Dwarka Expressway, Gurgaon updates

    News report also says 2mn flats

    I think TOI missed the 'k' after 20 and 24
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  • Originally Posted by ashu_sharmaa
    News report also says 2mn flats

    I think TOI missed the 'k' after 20 and 24

    Smart City - Big BS on postage stamp area which makes no difference to Delhi RE.

    Land Pooling - Big Area, market driven, ability to make dent in the Delhi RE.

    60 acres is the size of Amity university in Noida. If you want to call it city, megapolis or xyz its purely motor mouthing. Nothing new considering where it is coming from.

    back of envelope calci =

    Land Pooling = 20-25k Hectates is serious business... = 50-60k acres... 1 acre = 100 flats = 50,000x 100 = 5 million possible
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  • Originally Posted by matrix_55
    Arrey Bhai,

    Proposed "Smart city of Modiji" is of 50-60 acres.. a big C.

    Why waste time in these useless discussions?

    Delhi will have country's first 'smart city' - The Times of India

    Shubh Ratri.

    Smart cities are typically just a group of high rise buildings.

    One giant office building like the world trade center twin towers bombed in 9/ 11 would be a typical example. They had metro in the basement and were a massive integrated building with offices shops supermarkets hotels and penthouses on different floors.

    Its now replaced by a single tower which is also a smart city. It has world one tower. Single building with 3 million square feet of space.

    That is close to the total commercial space added in whole of Gurgaon or Chennai in one year. Much more than yearly increments of office space in whole Delhi or NOIDA.

    That building (world one) occupies about 15 acres.

    Smart city is just a giant skyscraper or group of them with integrated metro and a taxi rank system on the ground floor.

    Communication facility is world class.
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  • from DDA's announcement it sounds like the smart city concept has already been scaled down to size of DLF Garden City in 9x sector or even smaller like a Magarpatta city in Pune....
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  • May be DDA shud make a beginning by making Vikas Minar as a *smart city*

    Right now it doesn't even have enough parking, potable water and basic signage to help people go around .... pathetic state of affairs if anyone has visited them
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  • Originally Posted by Magadh_Pride
    from DDA's announcement it sounds like the smart city concept has already been scaled down to size of DLF Garden City in 9x sector or even smaller like a Magarpatta city in Pune....


    Magadh Ji - Its a TOI error, they have missed the K (thousands). If you read the MPD 2011 document, it refers to the urbanisation clusters measuring to 20-24K hectares, called urban extensions in L Zones, exactly the 3 areas of Dwarka, Rohini and Narela. The fact that they are calling it a sub-city when clarifying the "smart city" speaks volumes. DDA calls Dwarka and Rohini as Sub-cities. They are also saying that the land for smart city will be acquired through land pooling. they certainly dont need land pooling get 60-80 acres.

    The actual "Smart-city" that Venky describes (the likes of WTC or Burj) is referrred to as TOD's (transit oriented development) in the UTTIPEC's guidelines. Which also is being planned in Dwarka Sec 10 and Karkardooma (110 storied building, metro, markets, hotel etc.).

    I have zero faith in DDA being able to raise even a good quality MIG flat, let alone a smart city. But just to clarify the planners are indeed looking at 20000-24000 hectares pooled in from rural lands, in these 3 smart cities. Its a nightmare of urbanisation if done in the usual indian way, ie. with no regard for future power/water/sanitation/clean air/transportation/safety requirements.

    But there is a silver lining in the fact that civil society groups have a stronger voice now, social media, press and internet have made it difficult for gaffes to go unnoticed. common people are more intereseted and empowered to participate in planning and development efforts and this movement can gather momemtum with parternships with Barcelona or singapore groups. Despite all this I will not put it beyond our politicians to mess with our environment for short term political or financial gains which will leave a life long scars.
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  • On a separate note while we are debating whether smart cities plan that unlocks land for residential growth will affect or kill the DEW/NPR or even the entire gurgaon, Noida or NCR RE markets, my hunch is that people who will be really worried are the current Dwarka/Janakpuri/Rajouri/Rohini areas folks, who are sitting in small 2BHks and 3 BHK valued at 1.5-2 crs. in ares with no parking or planned civic ameneties and traffic chaos. So if at all the smart cities sound a death knell to RE markets, it will be Delhi to start with. So there will be enough motivation within Delhi RE market to release inventory in moderation.

    So the bylines will be "DDA Building Smart Cities - consume responsibly"
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  • Originally Posted by Bala2107
    On a separate note while we are debating whether smart cities plan that unlocks land for residential growth will affect or kill the DEW/NPR or even the entire gurgaon, Noida or NCR RE markets, my hunch is that people who will be really worried are the current Dwarka/Janakpuri/Rajouri/Rohini areas folks, who are sitting in small 2BHks and 3 BHK valued at 1.5-2 crs. in ares with no parking or planned civic ameneties and traffic chaos. So if at all the smart cities sound a death knell to RE markets, it will be Delhi to start with. So there will be enough motivation within Delhi RE market to release inventory in moderation.

    So the bylines will be "DDA Building Smart Cities - consume responsibly"



    Yes Indeed. And RE correction in Delhi has not only started but reached a fairly advanced stage. The price fall across Delhi, barring a few select areas/buildings is around 30-40% over a period of last 2 years already! This is not a new news.

    Anything which releases supply and/or sucks liquidity brings price rationalisation across NCR.

    5 years from now, RE prices will be whole lot more saner than currently with the industry maturing and people will be shaking their heads in disbelief what madness the pricing once was.

    Yesterday, I was with some relatives who live in a less developed area in North Delhi where Metro is coming. I asked them about the effect on the pricing of houses. They have a plot there.

    The reply was stunning: Earlier we used to get offers of 70-75L per floor, with some getting sold off at 80L also. But in the last 1 year, the prices have fallen drastically - now 50L is the offered price per floor and even then hardly any sales.

    Rents are falling in tandem and they said it seems the renters are also disappearing slowly from traditional Delhi RE markets to suburbs. Leading to cooling of rents.
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  • Bala Ji,
    This Smart City is distance Dreams,will take decades to finish.
    I agree with Matrix sir,it's BS.
    Here gov can't finish 18 km road in 6 years.
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  • Martix Ji - Just one question though - Lets assume the cost of land in the peak days (in north or south west delhi - Behind Dwarka/Narela/Bawana etc.) were 12-15 cr/acre. With an FAR of about 2.0 land cost per constructed sq. foot comes to less than Rs. 1200/sqft. lest say due to the "unlocking" this falls to 5-6 cr/acre (about 60% of current levels) even then the fall in the end product should be around 500-600/sqft.

    To mitigate this fall - there are new UTTIPECs regulations about circulation, parking, safety, public spaces and other civic amenities which needs 3-4 times more land than what is currentlybeing provided for. Therefore cost of the so called "common areas & ancillary developments" will go up in the contribution of the cost of finished flat (from the current 15-20% to about 30-35%).

    In the next 3-8 years that this new stock of land unravels, construction costs too (labour+raw materials) would also inflate. Assuming that there will new-"labour-less/mechanised" or prefab techniques that will mitigate labour inflation, raw materials prices dont seem to cool-down, especially in the scenario of high rises, where we seem to mindlessly ape the west and in the process make an ecologically, aesthetically or economically unsustainable living environment.

    So coming back to the question how much of the prices of the finished product (flat) will fall due only to land unlocking. Lest also consider falling profit margins of developers, better infrastucture provisioning requirements etc.
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