Govt Eases FDI Rules In Construction

http://www.businessworld.in/news/economy/govt-eases-fdi-rules-in-construction/1598049/page-1.html

Construction of our projects in full swing

Diwali Mela at TDI Kingsbury Apartments

TDI presents to you Diwali Mela at TDI Kingsbury Apartments at E-Block Lawn on 18th and 19th October.
Enjoy the Performances, Food and have lots of Fun.
ENTRY FREE!!

Housing demand to pick up in 6-8 months: Report

http://content.magicbricks.com/industry-news/housing-demand-to-pick-up-in-6-8-months-report/77072.html?utm_source

Kundli-Sonipat area promises high returns

Delhi/NCR

The pressure on the overburdened infrastructure of Delhi has pushed real estate development to the peripheral areas of the capital city, with the newly developing region of Kundli-Sonipat along NH-1 benefiting from this perceptible movement.

The Kundli-Sonipat region, adjoining the northern border of Delhi, is set to establish itself as an extension of north Delhi,offering modern lifestyle residential and commercial setups on a par with international standards.

Why Kundli

The area is about 6km from Rohini in north Delhi and provides a great opportunity for investment with a high return on investment, experts say. For those looking to buy their first house, Kundli offers a variety of options at reasonable rates, far cheaper than manydeveloping regions in the NCRwith a promise of turning into a hotspot in the near future. If Noida was the result of the growing housing needs of east Delhi residents and Gurgaon that of south and west Delhi, theKundli-Sonipat area promises the same quality and pace of urbanization for the north Delhi areas.

Kundli is in close proximity to the affluent areas of north and northwest Delhi like Pitampura, Ashok Vihar, Civil Lines, Rohini, Punjabi Bagh, Shalimar Bagh, etc, and offers residential options that are value for money. A comparative study of rates, vis-avis the north and northwest Delhi areas, shows that whereas the averages rates in these areas are about Rs 4-6 lakh per sq yard, the average rates in the projects of TDI, the major developer in Kundli, are only around Rs 25,000 per sq yard. While the basic selling price of flats in Rohini is around Rs 20,000 per sq ft, the rates in Kundli are in the sub Rs 4,000 per sq ft range, which translates into a tremendous investment opportunity.

Further, the residential units in most of the north Delhi areas are plotted, builder floors, and gated communities with retail and commercial facilities some distance from them, Kundli has a slew of international-standard townships on offer by big-ticket real estate developers, which have retail, commercial, and entertainment facilities within those integrated townships.

These self-sufficient integrated townships have advanced security systems, clubhouses for recreational and leisure activities, power backup, organized parking, dedicated children’s play areas, wide and well-lit road network, among a host of other world class facilities. Water supply is well planned and adequate for the residents of these townships.

Forthcoming infrastructural projects

Earmarked as a priority town in the Delhi Metropolitan Area (DMA), Kundli’s development is of prime importance to the government. The biggest infrastructural project in the area is the 135 km long Kundli-Manesar-Palwal (KMP) Expressway, the largest highway project in the country, to be implemented on a build operate-transfer (BOT) basis. Also known as the Western Peripheral Expressway, KMP will connect four National Highways, namely, NH-1, 2, 8, and 10.

Work on the project is progressing at a fast pace and the expressway is expected to become operational soon. KMP will catapult Kundli as one of north India’s main logistics and warehousing hubs. The proposed Eastern Peripheral Expressway is also expected to give further fillip to the development of the region. Other infrastructural developments include the grade separator at Mukarba Chowk and the six laning of NH-1. The opening of the Mukarba Chowk grade separator, claimed to be the busiest intersection in the country with a daily traffic load of 3.3 Lacs vehicles, has smoothened the traffic flow and reduced the travel time for both passenger and cargo vehicles.

Also, there is a proposal for a 100-metre-wide road between the IGI airport and Narela, which passes through Kundli and is in close proximity to Kundli-Ghaziabad-Palwal (KGP) Expressway and KMP. A Rapid Rail Transit System (RRTS) between ISBT and Kundli, which covers the distance in just 20 minutes, is also in the pipeline, along with a Metro link to the area.

Kamal Taneja, MD of TDI Infrastructure Ltd, says: “The infrastructural developments in Kundli are poised to convert theregion into another Gurgaon, without all the civic problems that have plagued the millennium city. Projects like the Mukarba Chowk grade separator, the widening of NH-1, and KMP Expressway will make connectivity to Kundli easy and help in eventually converting the region into a logistic hub.”

Other mega developmental projects include the forthcoming 5,000-acre Rajiv Gandhi Education City, IT parks, and the expansion of Kundli Industrial Zone-which will all help generate huge employment and spur economic activity. This will naturally raise the demand for residential, commercial, and retail real estate, fuelling a growth that could make Kundli a regional industrial and educational hub, on a par with Gurgaon and Faridabad belts. The Rajiv Gandhi Education City is slated to have 10 prestigious educational institutions in its campus.

This campus is expected to be the world’s biggest educational campus, with a capacity to host nearly 1.5 lakh students in diverse streams like management, architecture, engineering, law, telecom, medical, insurance, biotechnology, etc. Kamal Taneja of TDI says: “The way IT has changed Gurgaon, we are expecting the developing world-class educational hub here to change the realty skyline of the Kundli-Sonipat region. Other infrastructural developments like water supply, upgradation of sewage system, strengthening of power units, and the construction of a railway bridge on the Sonipat-Kundli road are already in place. With improving infrastructure and better connectivity, people are moving into the residential projects of the area and the whole region is poised to become an investor’s haven, as the appreciation here is bound to be handsome once the area takes off.”

Real estate development

Many renowned developers have focused on the region and are building world-class projects here, some of which have been delivered. Top players like TDI, Ansals API, Jindal Real Estate, Eldeco, Parker, Omaxe, Parsvnath, Vardhman, Apex Developers,etc, are already active in the region. In terms of land bank, TDI Group is considered the top realty players in Kundli. The group has already handed over possession in some of its prestigious projects. 

TDI group recently launched a theme city, Lake Grove, a beautiful concept township around a lake. Even in the current economic scenario, 600 units of the theme city were sold in this quarter, a spokesman of the group said. Nitesh Kumar, CEO of TDI Infrastructure Ltd, says: “Undoubtedly, in the 1990s, Noida was at the forefront of development beyond the Delhi border. It catered to the growing housing needs of east Delhi and the burgeoning industrial firms in the area. Then came Gurgaon—which established itself as an extension of south Delhi. There was also hectic real estate development in Faridabad and Ghaziabad, which developed by spreading wings into newer areas, in a bid to cash in on the real estate boom. Now, the tide is turning in favour of the Kundli-Sonipat belt.”

TDI InfraCorp wishes you all Happy Eid..

Kundli poised for major real estate growth

Kundli today is poised for the kind of growth that Gurgaon witnessed from the mid-nineties . Its future brightened after it was declared part of the NCR in Delhi's Masterplan 2021. One reason why Kundli has emerged as a favourite destination of investors is because prices are already high in the other parts of the NCR. These other regions, therefore, do not offer much scope for appreciation, whereas in Kundli prices are still low, and investors can hope to make quick profits by putting in money at the Pre-launch or launch stage (and selling out either when the project is launched, or when possession is given to end-users ). Since Kundli is located on the highway, it is easily accessible from west and north Delhi.

The distance from Pitampura to Kundli is hardly 20- 25 minutes. Just as people living in South Delhi prefer to invest in Gurgaon, and those living in East Delhi prefer to invest in Noida and Greater Noida, those living in North and West Delhi are now investing in the Kundli, Sonepat, Panipat belt. Those buying at present in Kundli are either investors, who want to make a quick profit ; or those who want a second home, which they plan either to rent out, or to use as a weekend home. The travel time of 30-40 minutes makes Kundli very convenient. Several new infrastructure projects have been announced which have brightened Kundli's prospects.

Kundli Real Estate - A good long-term Investment bet

The Real Estate market at Kundli in the Sonipat District of Haryana holds great future potential owing to several current and proposed developments such as the Kundli-Manesar-Palwal or KMP Expressway, the Rs. 5000 crore Rajiv Gandhi Education City at Sonipat, the 100-metre-wide road from the IGI Airport to Narela, improved rail connectivity (Kundli is proposed to have a metro stop as part of rapid rail transport system), a proposed logistic park, a textile park, etc. Moreover, Kundli enjoys advantageous proximity to the upper-middle-class residential catchment of North Delhi. Against the backdrop of a landscape that is being increasingly defined by mega education, institutional and industrial projects as well as rapidly enhancing infrastructure, the prospects for the realty market within the Kundli-Sonipat belt remain upbeat. While the TDI Group, with its land bank of over 1250 acres, remains the premier developer in the Kundli region, others like Parsvnath Developers, Ansal Properties, Omaxe, Parker Group, Raheja Malls, Eldeco County, Anant Raj, Tulip Infrastructure, Collage Group, Eros Group, AJS Builders, Divine Group, Big Jos, Shree Vardhman and Jindal Greens are all present with projects of varying magnitudes in this belt. Investment Potential So far, the Kundli-Sonipat belt has offered moderate-to-good returns on investment in absolute terms. Prices have reached levels that place all good options beyond the financial appetite of retail investor. That said, the price points at Kundli are still lower when compared with other areas of NCR and do still fall in the affordable range. To Summarize... From a future investment perspective, this region will essentially continue to remain promising due to its proximity to North Delhi and the Delhi borders. Property investors with constrained budgets can still explore Kundli for its affordable options. If the Government shows renewed commitment towards the proposed infrastructure and development initiatives, the Kundli real estate market can certainly get into higher gear.