We hope that your new year would be enjoyable. May the essence of this new year blend a sweetness in your life that stays forever and ever! Wishing you a very happy new year!
Thursday 31 December 2015
Thursday 24 December 2015
Manish Buildwell wishes you merry christmas
May the miracle of Christmas fill your heart with warmth and
love.
Christmas is the time of giving and sharing,
It is the time of loving and forgiving,
Merry Christmas to Everyone!
Thursday 10 December 2015
Manish Gallexie91 Site Images
Manish Gallexie91 Gurgaon new commercial project by Manish Buildwell offered retail shops, food court, multiplex and hyper market. It is located at Sector 91 Gurgaon DLF Garden City and Adjacent to DLF New Town Height & next to Modern School.
KEY FEATURES:
Double Height Retail section includes zoned areas for Anchors, Cafes, Hypermarket on Ground floor and First floor.
Multi-cuisine Food Courts, Restaurants, Bar & Entertainment Zone.
6 Screen Multiplex with Modern Sound System.
Multi-level Car Parking, additional space left for stack-parking.
Ample width staircases, open-air escalators, elevators, etc.
Energy efficient Glass Facade & 2 Side Open
100% power backup
5 ATM within campus.
Minimum Loading
Low Maintenance
Easy to Resale or Rent out at Higher Price.
Earthquake resistant & Fire Fighting System.
Garbage disposal on each floor & 24/7 Water Supply.
Double Height Retail section includes zoned areas for Anchors, Cafes, Hypermarket on Ground floor and First floor.
Multi-cuisine Food Courts, Restaurants, Bar & Entertainment Zone.
6 Screen Multiplex with Modern Sound System.
Multi-level Car Parking, additional space left for stack-parking.
Ample width staircases, open-air escalators, elevators, etc.
Energy efficient Glass Facade & 2 Side Open
100% power backup
5 ATM within campus.
Minimum Loading
Low Maintenance
Easy to Resale or Rent out at Higher Price.
Earthquake resistant & Fire Fighting System.
Garbage disposal on each floor & 24/7 Water Supply.
Thursday 3 December 2015
The Next Boom Town: New Gurgaon
Gurgaon has become an axis of commercial, residential, institutional and industrial development because of its strategic location.
The millennium city's transformation and expansion has been
nothing short of a spectacle. This city of aspirations just keeps growing. And
to accommodate its ever growing working population - a New Gurgaon is rapidly
taking shape along the NH-8. We take you on a tour of this new hot favorite
realty destination that holds the promise of becoming the new face of Gurgaon.
Wednesday 2 December 2015
What would you prefer investing in for a high yet secure return?
Why
Real Estate Could Be a Better Investment Than Stocks
Investors must decide if the returns are worth the
risk and effort involved in owning rental property.
With the right property, neighborhood location and
cash reserves, investing in real estate can be a great option.
Once you're on track with your financial goals –
such as retirement contributions or repaying student loan debt – you may find
yourself exploring real estate investments in lieu of the stock market. Buying
real estate as an investment can be lucrative, but it's also cash-intensive and
carries risks.
As you weigh your options, consider the following
points in your analysis.
Risk
versus expected returns: Whether putting cash into the
market or purchasing real estate, you need to assess the risk versus the expected
returns. Traditional equity investments are much easier to analyze in this way.
You have historical data, and although past performance is not indicative of
future results, you have a bit more control over how much risk you're exposed
to when deciding what amount to invest, the asset allocation and so on.
Investing in single stocks versus an index fund is a calculated risk some are
willing to take in search of higher expected returns.
The risks when buying real estate can be much harder
to quantify. While there is data available, such as comparable home prices in
the area and average rents, unpredictable changes in the market can be costly.
When investing in the equity market, your risk of loss is limited to your
initial investment. This isn't the case with real estate – you could wind up
owing the bank more than the value of your property if the market experiences a
downturn, or even due to changes that negatively impact a neighborhood.
For landlords, vacancy and repairs can eat into
profits. Once you calculate your expected mortgage, operating costs, taxes and
maintenance, how much can you expect to earn in net rental income? The answer
for every investor will be different, but for some, the anticipated return will
not be worth the risk and effort involved in owning real estate.
Required
capital: Virtually anyone can invest in traditional equity
assets. Some shares can be very inexpensive and you can often determine the
volume as well. The same cannot be said for real estate. To purchase a
property, you need to either come up with a down payment yourself, or enlist
partners to invest with you. Typically, you need to put down 20 percent for a
traditional mortgage, and although various programs can help you to put down a
smaller percentage, there are fewer options for investment properties.
The initial cash outlay is what deters many would-be
real estate investors, as you could easily spend upwards of $100,000 on a down
payment and initial repairs. Furthermore, real estate requires additional
capital to maintain the property, often not at the owner's behest. With stocks,
you can make a one-time investment or purchase additional shares later, at your
discretion.
Taxes:
Another aspect to consider when deciding to invest in real estate or the stock
market is taxes. If you own property, you will be required to pay property
taxes every quarter, based on the assessed value as determined by the city or
country. This is included in your mortgage payment. Whether you want to flip
the property or hold onto it as a landlord, you will also have to pay tax on
the sale or rental proceeds.
There are certain tax benefits unique to owning real
estate as a landlord, however. The interest expense on your mortgage is tax
deductible, along with operating expenses, property taxes, insurance and
depreciation. Exactly how much you can deduct will likely depend on the rental
income. In most situations, under the passive activity loss rules, you cannot
write off deductions that are more than the rental income, which would generate
a loss. Working with a CPA can be very helpful, particularly when investment
properties or multiple residences are involved.
Stocks have tax consequences as well; first, you are
required to pay a capital gains tax on any profits you made from selling stock.
Furthermore, even without a sale, you are also required to pay a tax on any
dividends you receive.
Inflation:
Real estate can be a potential hedge against inflation as historically, rental
rates and home prices rise with inflation. This provides a potential inflation
hedge for both your rental income and sale of the property. Since your mortgage
payments will not increase with inflation, it offers a benefit over time.
Traditional equity investments are not as directly
linked to inflationary measures. Although prices do tend to rise over time, the
market cannot offer the same potential inflation protection as real estate.
Time:
Another factor to consider when choosing to invest in real estate or the stock
market is to factor in your time as a cost during the analysis. While you do
need to do some research when deciding which funds to buy, you can purchase
traditional equity investments in a matter of moments.
There is a lot more time
required in buying and maintaining a property, as well as managing any improvements.
As a landlord, you will be on call for the tenants as problems arise. Hiring a
property manager is an option, but depending on the size of your property,
could eliminate your profit margin.
With the right property, neighborhood location and
cash reserves, investing in real estate can be a great option. Many investors
are drawn to the ongoing "coupon" payment of rental income, and as a
long-term strategy, the ultimate sale of the property can fund a large portion
of their retirement. If you're considering whether you should invest in the
equity market or buy an investment property, carefully weigh these factors and
determine whether your expected income is worth the risk it carries, especially
in light of other investment options.
Monday 23 November 2015
Manish Gallexie91 Gurgaon 9891667000 by Manish Buildwell
Manish Buildwell presents Manish Gallexie91 in Sector 91 Gurgaon. It Comes with Double Height Retail Shops, Food Court, Multiplex and Hyper Market.
KEY FEATURES:
Double Height Retail section includes zoned areas for Anchors, Cafes, Hypermarket on Ground floor and First floor
Multi-cuisine Food Courts, Restaurants, Bar & Entertainment Zone.
6 Screen Multiplex with Modern Sound System.
Multi-level Car Parking, additional space left for stack-parking.
Ample width staircases, open-air escalators, elevators, etc.
Energy efficient Glass Facade & 2 Side Open
100% power backup
5 ATM within campus.
Minimum Loading
Low Maintenance
Easy to Resale or Rent out at Higher Price
Earthquake resistant & Fire Fighting System
Garbage disposal on each floor & 24/7 Water Supply.
Multi-cuisine Food Courts, Restaurants, Bar & Entertainment Zone.
6 Screen Multiplex with Modern Sound System.
Multi-level Car Parking, additional space left for stack-parking.
Ample width staircases, open-air escalators, elevators, etc.
Energy efficient Glass Facade & 2 Side Open
100% power backup
5 ATM within campus.
Minimum Loading
Low Maintenance
Easy to Resale or Rent out at Higher Price
Earthquake resistant & Fire Fighting System
Garbage disposal on each floor & 24/7 Water Supply.
Call for booking 9891667000
or visit www.manishgallexie.com
Saturday 21 November 2015
Manish Gallexie91 Gurgaon by Manish Buildwell
Manish Gallexie91 Gurgaon by Manish Buildwell
Distinctively Unique Shopping Experience:
High Street Retail is a prime aspect of Manish Gallexie91. It offers distinctively unique shopping experience with a wide array of national and international brands spread across 2 colossal floors. A pinnacle of lifestyle & luxury offering not only unprecedented scale in terms of enormous space, but also an experience of unparalleled retail mix -combined with the entertainment and leisure experience.
Open to sky atrium
Double height shops
Large floor plates
Dedicated signage area
Double height shops
Large floor plates
Dedicated signage area
Project Highlights:-
- 30,000 Sqft. of Hyper Market
- Part of 1000 acre township of DLF Garden City
- Upcoming DLF 18 Hole Golf Course
- Adjacent to DLF New Town Height, Modern School & upcoming College
- Six Screen Multiplex
- Double Height Shops with low maintenance
- ATM Spaces & Food Court
- Wide Frontage
- High street Retail and Kids Entertainment Zone
For More Information Call: 9891667000 or 0124-4204545
visit: http://manishgallexie.com/, http://manishbuildwell.com/
Monday 16 November 2015
Manish Gallexie91 Double Height Retail Shops in Sector 91 Gurgaon
Manish Buildwell Presents to you ”Manish Gallexie91” is new commercial Project located at Sector 91 Gurgaon (DLF Garden City) adjacent to DLF New Town Heights & next to Modern School. Manish Gallexie91 comes with Double Height Retail Shops, Food Court, 6 screen Multiplex & 30,000 Sqft. of Hyper Market.
An extent of high rise condominiums, sparkling high rises and malls describe the millennium city gurgaon. Home to over 300 fortune 500 companies, gurgaon has become country’s commercial hub. Tugged a little further, amidst the Unspoiled environs lay sector 91; emerging rapidly as new gurgaon. The vicinity is already home to more than 10,000 Families and with upcoming residential high rises and mega townships, the area is conceived as the most promising Commercial location in Ncr.
 |
| ManishGallexie91-Elevation |
Project Name: Manish Gallexie91
Developer: Manish Buildwell Pvt. Ltd.
Price: Rs.7900-11900/- per Sqft.
Property Type: Commercial
For Sale: Retail Shops, Food Court
Call for booking: 9891667000, 0124-4204545
Tuesday 10 November 2015
Manish Buildwell Wishes you and your family ***Happy Diwali***
May your life shine like light,
May your happiness be like sparkles,
May your sorrows be bursted,
Let your light shine,
A VERY HAPPY DIWALI TO ALL
Monday 9 November 2015
Manish Buildwell Wishes you Happy Dhanteras
May this Dhanteras Light up new dreams,
Fresh hopes, undiscovered avenues,
Different perspectives, everything bright,
And beautifulfil and fill ur days
With pleasant surprises and moments.
Different perspectives, everything bright,
And beautifulfil and fill ur days
With pleasant surprises and moments.
Wishing You Happy Dhanteras
Saturday 31 October 2015
Private developers to build sector roads in Gurgaon, get higher FSI
GURGAON: Building roads had always been the government's responsibility. But the Haryana government has quietly washed its hands of this key task, citing difficulties in land acquisition.
Instead, it has left it to private builders to directly acquire land from farmers and build roads. The move will speed up projects which often get held up because basic infrastructure is not in place. While this will helpbuyers as they are now likely to get flats on time, they may also have to pay a price for this, as builders could pass on the higher acquisition cost -- because of the extra land for roads they will now have to buy -- to buyers.
The government worked out this solution when it found that the Haryana Urban Development Authority had a master plan for a township, but was not being able to acquire land for its roads because of the stringent clauses in the 2013 acquisition policy.
So, with the fate of the township uncertain - as no township can be built without sector roads - the government decided to leave it to private players to do the acquiring. Private builders will now negotiate directly with farmers and buy land from them and develop sector roads as per the master plan.
To compensate developers for the cost it incurs in buying land and building roads, the authority will allow developers a higher floor space index (FSI). In this case, the FSI will be 0.875, which means if the developer uses 1000 sqm land to build a road, he will be allowed 875 sqm additional built-up area in his project.
Director of Ashiana Homes, Rohit Raj Modi, said the provision will be a great help in developing a new area like South of Gurgaon. He said this will help them in timely completion of projects as developers will not have to depend on the authority to acquire land.
Instead, it has left it to private builders to directly acquire land from farmers and build roads. The move will speed up projects which often get held up because basic infrastructure is not in place. While this will helpbuyers as they are now likely to get flats on time, they may also have to pay a price for this, as builders could pass on the higher acquisition cost -- because of the extra land for roads they will now have to buy -- to buyers.
The government worked out this solution when it found that the Haryana Urban Development Authority had a master plan for a township, but was not being able to acquire land for its roads because of the stringent clauses in the 2013 acquisition policy.
So, with the fate of the township uncertain - as no township can be built without sector roads - the government decided to leave it to private players to do the acquiring. Private builders will now negotiate directly with farmers and buy land from them and develop sector roads as per the master plan.
To compensate developers for the cost it incurs in buying land and building roads, the authority will allow developers a higher floor space index (FSI). In this case, the FSI will be 0.875, which means if the developer uses 1000 sqm land to build a road, he will be allowed 875 sqm additional built-up area in his project.
Director of Ashiana Homes, Rohit Raj Modi, said the provision will be a great help in developing a new area like South of Gurgaon. He said this will help them in timely completion of projects as developers will not have to depend on the authority to acquire land.
Wednesday 21 October 2015
Manish Gallexie91- Manish Buildwell Wishes you Happy Dussehra...
Manish Gallexie91 Food Court
New focal point of the upcoming metropolis
Located impressively on the second floor, Manish Gallexie91’s Fine Dining is the new focal point of the upcoming metropolis. Dotted with restaurants and bars, nice meal or a drink after a day of shopping can be enjoyed with friends or family.
Spaces on the second floor with large terrace sit out will offer perfect ambiance to enjoy culinary delights dished out by the best F&B brands.
for booking call 9891667000
or visit: http://manishgallexie.com/
Monday 19 October 2015
Manish Gallexie91-Manish Buildwell Retail Shop
Manish Gallexie91 Gurgaon launched by Manish Buildwell Pvt. Ltd. offer Double Hight Retail Shops, Food Court, Multiplex, Hyper Market It is located in Sector 91 Gurgan Dlf Garden City.
Call for booking 9891667000
Call for booking 9891667000
Wednesday 7 October 2015
Manish Gallexie91 Food Court 9891667000 Gurgaon
Manish Gallexie91 Retail Shops, Food Court, Multiplex and Hyper market launched by Manish Buildwell Pvt Ltd. is new commercial project located at Sector 91 Gurgaon DLF Garden City and Adjacent to DLF New Town Height & Modern School.
New focal point of
The upcoming metropolis located impressively on the second floor, mg91’s fine dining is the new focal point of the upcoming metropolis. Dotted with restaurants and bars, nice meal or a drink after a day of shopping can be enjoyed with friends or family. Spaces on the second floor with large terrace sit out will offer perfect ambience to enjoy culinary delights dished out by the best f&b brands.
Project Highlights:-
- 30,000 Sqft. of Hyper Market
- Part of 1000 acre township of DLF Garden City
- Upcoming DLF 18 Hole Golf Course
- Adjacent to DLF New Town Height, Modern
- School & upcoming College
- Six Screen Multiplex
- Double Height Shops with low maintenance
- ATM Space & Food Court
- Wide Frontage
- High street Retail and Kids Entertainment Zone
Location Advantages:-
- Located right on 60 mtr. wide sector Road
- 25 minutes drive from Delhi IGI Airport
- 20 minutes drive from Diplomatic Enclave
- 20 minutes drive from Dwarka Sec 21 Metro Station
Project Detail:-
- Unit Sizes: 250 sqft. - 750 Sqft.
- Food Stall Size: 200 Sqft. - 400 Sqft.
Payment Plan:-
- Construction Linked Plan
- Possession Linked Plan
- Flexi Payment Plan
About Builder:
Incorporated in the year 1997, Manish Buildwell Private Limited is one of the leading and Delhi/ NCR’s most trusted real estate firm. Started with a humble beginning, Manish Buildwell grows to deliver around 50+ projects in New Delhi’s areas like Dwarka, Sarita Vihar, Paschim Vihar and Mayur Vihar. Being 100% debt-free and in possession of paid-up licensed land in prime sectors of Gurgaon, manish Buildwell eyes at creating world-class commercial spaces in and across Delhi / NCR. Manish Buildwell is led by a highly experienced management comprising of Directors Kamal Kishore Aggarwal and Manish Aggarwal who are determined to being the first choice of customers when it comes to creating commercial spaces that deliver value.
Few of the delivered projects:
- Manish Global Mall Sector 22 Dwarka
- Manish Mega Plaza -Sector 05 dwarka
- Manish Twin Plaza - sector 4
- Manish Chambers 1,2,3,4 Sector 12
- Manish Abhinav Plaza - Sector 05 Dwarka
- Manish Link Road Plaza 1- Sector-05 Dwarka
- Manish Metro Plaza 1,2,3,4,5,6 - Sector 12 Dwarka
Call for Booking: 9891667000
or visit project website: www.manishgallexie.com
Company Website: www.manishbuildwell.com
Tuesday 6 October 2015
Thursday 1 October 2015
Manish Gallexie91 : Manish Buildwell wishes you Happy Gandhi Jayanti
Follow the path of truth
Spread Bapu’s great Ideas to inspire everyone
Happy Gandhi Jayanti !!!!
Spread Bapu’s great Ideas to inspire everyone
Happy Gandhi Jayanti !!!!
Wednesday 30 September 2015
Manish Gallexie91 Gurgaon
Manish Gallexie91 Sector 91 Gurgaon
a fresh approach to shopping!
Where tradition and modernity blend in a seamless fashion.
Where luxury is a way of life. Where joy is a lifestyle.
We welcome you to Manish Gallexie91- the address of luxury & lifestyle!
Design extraordinaire
Manish Gallexie91 is conceived as the ultra-luxury shop, dine & entertainment destination of the future for the ever Growing metropolis. At par with the very best in the world, Manish Gallexie 91 delivers ultimate functionality and aesthetics. It offers exciting mix of high street retail, fine dining & multiplex.
Strategically located in sector 91, gurgaon, Manish Gallexie91 best connected and conveniently situated for business prospects.
We welcome you to own your piece of success at manish gallexie91!
Distinctively Unique shopping Experience
High street retail is a prime aspect of Manish Gallexie91. It offers Distinctively unique shopping experience with a wide array of national and International brands spread across 2 colossal floors. A pinnacle of lifestyle & luxury offering not only unprecedented scale in terms of enormous Space, but also an experience of unparalleled retail mix - combined with the Entertainment and leisure experience.
New focal point ofThe upcoming metropolis
Located impressively on the first and second floors, mg91’s fine dining is the new focal point of the upcoming metropolis.
Dotted with restaurants and bars, nice meal or a drink after a day of shopping can be enjoyed with friends or family.
Spaces on the second floor with large terrace sit out will offer perfect ambience to enjoy culinary delights dished out by the best f&b brands.
European street caféexpansive multi-cuisine food courtretro bar & grill
Aesthetics & entertainment Under one banner
Spanning across 20,000 sq.ft. The mg91 multiplex offers a superior and social cinematic experience to discerning Viewers. Determined to bring latest technology in cinema to its viewers, mg91 has a wealth of amenities like private dining, Gaming and lounge. It will be a movie connoisseur’s premier experience in cinema viewing.
6 silver screens Ergonomic seating Latest Sound System
Project Highlights:-
- 30,000 Sqft. of Hyper Market
- Part of 1000 acre township of DLF Garden City
- Upcoming DLF 18 Hole Golf Course
- Adjacent to DLF New Town Height, Modern School & upcoming College
- Six Screen Multiplex
- Double Height Shops with low maintenance
- ATM Spaces & Food Court
- Wide Frontage
- High street Retail and Kids Entertainment Zone
Location Advantages:-
· Located right on 60 mtr. wide sector Road
· 25 minutes drive from Delhi IGI Airport
· 20 minutes drive from Diplomatic Enclave
· 20 minutes drive from Dwarka Sec 21 Metro Station
Project Detail:-
· Unit Sizes: 250 sqft. - 750 Sqft.
· Food Stall Size: 200 Sqft. - 400 Sqft.
Payment Plan:-
· Construction Linked Plan
· Possession Linked Plan
· Flexi Payment Plan
About Us
Incorporated in the year 1997, Manish Buildwell Private Limited is one of the leading and Delhi/ NCR’s most trusted real estate firm. Started with a humble beginning, Manish Buildwell grows to deliver around 50+ projects in New Delhi’s areas like Dwarka, Sarita Vihar, Paschim Vihar and Mayur Vihar.
Few of the delivered projects:-
- Manish Global Mall Sector 22 Dwarka
- Manish Mega Plaza Sector 05 Dwarka
- Manish Twin Plaza Sector 4 Dwarka
- Manish Chambers 1,2,3,4 Sector 12 Dwarka
- Manish Abhinav Plaza Sector 05 Dwarka
- Manish Link Road Plaza 1 Sector 05 Dwarka
- Manish Metro Plaza 1,2,3,4,5,6 Sector 12 Dwarka
For More Detail Call +91 9891667000
Prime Locations of Gurgaon: A Safe Haven for Property Investment in Delhi NCR
Gurgaon has been a home to a very large cosmopolitan population from all over India and abroad. The IT hub is a great resource of employment as well as urban lifestyle for all who come to the city. With an effective presence of international-level plush condominiums, bungalows, flats, and studio apartments, Gurgaon improves the quality of living life. Gurgaon is one of the up surging real estates in India and has been a safe haven for property investment in Delhi NCR in the last decade. Thanks to prime locations that help home buyers avail luxurious as well as affordable housing in Gurgaon.
Property investors expect better returns and home buyers expect best living amenities. Interestingly, prime locations have everything that is needed to woo a property investor. Be it Dwarka-Gurgaon Expressway, Gurgaon-Sohna Road, New Gurgaon around NH-8, Manesar or Dharuhera, Gurgaon has no stopping. Enriched with an improved social, economic or physical infrastructure, these locations are goldmines for property investment in the satellite city of Delhi.
Manesar: An industrial town with 260 large industrial units and 8,000 small units is one of the fastest growing industrial towns in Delhi NCR. Taking a new shape of full-fledged metropolis, the area makes an ideal amalgam between residential and commercial real estate.
Gurgaon-Sohna Road: It is a hot destination for living a quality lifestyle. This stretch has maximum well-planned new launched projects being developed by private developers. The stretch also offers ready to move flats in Gurgaon that are beautiful and laden with various amenities.
New Gurgaon around NH-8: Sectors 76-95 along the national highway is a perfect prime location for offering affordable flats in Gurgaon. There, many leading real estate developers are investing in residential construction projects for townships in Gurgaon.
Dwarka-Gurgaon Expressway or NPR: This 18-km long stretch is a new real estate hub that will meet the growing demand of affordable homes in Delhi NCR. The property rates in this area are slightly less than other prime locations of Gurgaon.
Dharuhera: Lies on the outskirts of the city, it is an upcoming industrial town in Haryana which is being considered as the new growth corridor of Gurgaon and New Delhi. With its close proximity to Delhi, Dharuhera is turning into a hot choice for commercial and residential spaces.
New Gurgaon: An exciting destination for realty investment
Fuelled by affordable property, good connectivity, tremendous upsurge in infrastructural development and future growth prospects, New Gurgaon is fast emerging as a vibrant residential and commercial hub in the National Capital Region.
In fact, New Gurgaon is a moniker coined for the areas/sectors beyond the second toll plaza on NH-8, which are located on the highway on either side of it or which are accessible through it through internal sector roads. "This real estate micro-market is one of the two identified growth corridors for residential projects in Gurgaon; the other being Dwarka Expressway, which can also be considered an extension of the New Gurgaon region, albeit with different drivers for growth," says Rohan Sharma, associate director - research & real estate intelligence service, JLL India.
The influence zone of this micro-market extends from the sectors immediate after the Kherki Daula toll plaza and right up to the sectors being developed beyond all the way till Manesar on both sides of the highway. "As of date a total of over 51,000 residential apartment units have been launched here across more than 95 projects," says Sharma.
According to JLL India, apartment prices have moved annually by nearly 37 per cent and 22 per cent in 2012 and 2013, respectively, compared to previous years. However, prices were largely stagnant over 2014 and showed a slight increment of just around 4 per cent YoY as a slowdown effect was visible here as seen across most of the residential markets in NCR. The projects here have also moved up the value chain with earlier affordable housing projects and slowly moving up to mid-segment and premium housing. It continues to remain one of the relatively less expensive residential micro-markets within Gurgaon and hence has also seen healthy sales volumes over the past years.
Already, over 3,600 residential units are completed and handed over to buyers with another approximately 39,000 residential apartments likely to be handed over the next 3-year period. This should bring in enough traction for future developments of retail centres which will be an improvement over the current, existing neighbourhood retail shopping centres which have been developed as part of the township projects under development here and where part completion of some towers/projects has been handed over.
Accessibility and good existing connectivity has also worked in the favour of this region. For example, "upcoming infrastructural projects such as the DMIC, KMP Expressway, enhanced connectivity through the Dwarka Expressway and internal arterial roads and development of multiple centres of excellence as planed under the DMIC are likely to further provide an impetus to growth around this area. Economic activity will fuel future growth, with existing automobile/ancillary industries in Manesar already doing well," says Sharma.
There are already large township projects in New Gurgaon by the likes of DLF, Vatika, Orris, Lotus Greens, Supertech and Ramprastha, among others.
For instance, DLF's Gardencity is said to be a well-planned residential hub which is spread over 600 acres of development. Located next to a 1000-acre green expanse, the township offers its residents (over 500 families currently residing) a luxurious lifestyle in the lap of lush surroundings. Designed by renowned architect Hafeez Contractor, the project claims to offer world-class facilities to its customers. Moreover, located just a few minutes' drive from the IGI Airport, DLF's Gardencity also has the distinct advantage of superb connectivity via NH 8, upcoming Dwarka Expressway and Kundli-Manesar-Palwal (KMP) Expressway.
Talking about their project, Vikram O Datta, vice president-sales & marketing, DLF, says, "With a significant rise in pollution levels, NCR residents are experiencing a severe lack of fresh air. Our upcoming township 'DLF Gardencity' is being developed keeping in mind the current scenario. Located next to a 1000-acre green expanse, the mega township offers its residents a luxurious lifestyle in the lap of lush surroundings."
So far as the future growth prospects of New Gurgaon is concerned, "as the city of Gurgaon is growing, there is an ever increasing pressure on the existing infrastructure. The need of the hour is to develop newer areas on priority. Since the pace of development has picked up at New Gurgaon, we expect it to reach new heights of urbanization," says Mr Datta.
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