Sunday, 28 December 2014
Thursday, 18 December 2014
Sonepat-Kundli on the cusp of rapid industrial and infrastructure boom
Haryana Women and Child Development Minister Kavita Jain has announced that Sonipat will be developed as a model town. Urging citizens to participate in the development process of the town, she said Sonipat is near the national capital and carries tremendous potential to be developed as a model town. The state government has already chalked out plans for all-around development of Sonepat, keeping in mind its tremendous potential for employment and business.
The Sonipat-Kundli area is connected with the six-lane NH-1, KMP Expressway and a major railway line. The KMP Expressway, expected to become operational soon, will connect all the highways in the state, bringing about high-speed seamless connectivity for the entire region besides giving further fillip to industrialisation, urbansiation and infrastructure development of the region.
Haryana is also a key constituent of the Delhi Mumbai Industrial Corridor, which covers nearly 66 per cent of the total area of the state, including the Sonipat region. Under this project initiative, an Investment Region would be set up at Kundli-Sonipat. As a result, the Kundli-Rai area, situated along the NH-1 axis, is set to grow as a highly preferred investment destination with the completion of the KMP Expressway.
The KMP Expressway will connect all the highways in the state once it becomes operational in the next few months. It will also drive the demand for warehousing space, especially in Kundli area. Most of the warehouse supply is, therefore, likely to come up within close range of the KMP expressway. At present, Kundli area has many cold storages in phase I and phase II. The freight complex at Narela will be the closest to the upcoming warehouse facility in Kundli. IFC Narela is being developed to cater to the wholesale market and their warehousing requirements. With the coming of industrial area in Barhi, Rai and IMT Kharkhaudha, the demand for warehousing will go up .
Further, taking into account its strategic location and close proximity to Delhi, the state government is also developing Sonipat-Kundli area as a multi-functional urban complex. The 'Regional Plan 2021' prepared by the National Capital Region Planning Board (NCRPB) has identified Sonipat- Kundli Urban Complex as a regional centre in the Central National Capital Region (CNCR). The state government is also considering to allot land to set up a tourism university in the area.
If the prooof of the pudding is in the eating, the evidence on industrial and infrastructure development in Sonepat-Kundli is hard to miss. At the time of formation of the Sonepat district in 1972, there were just 188 industrial units, whereas now the figure is around 3,500. The district today accounts for about 4,000 acres of developed industrial space at Kundli, Rai, Sonipat and Barhi. Sonipat and Kundl-Rai together span an industrial area of about 2,500 acres. The Industrial Estate (IE) in Kundli alone is spread over an area of about 1,000 acres. Among the more prominent names that have set up shop are Jagdamba Exports, NIFTEM, Magppie International, Osram, Action shoes etc.
The process for acquiring about 3,500 acres of land of Bidhal, Joli, Lath and Bhainswal Kalan villages is also underway for setting up an industrial estate in the Gohana region of the district. The Indian Railways has also announced the setting up of a rail coach manufacturing unit in Sonipat, which is expected to come up in the Gohana area of the district. Similarly, a new IMT project has been planned at LaathBidhal-Jauli for which proceedings for acquisition of another 3,300 acres of land have been started.
Then there is the Export Promotion Industrial Park (EPIP), which has been developed over an area of about 107 acres and the Electronics Hardware Technology Park (EHTP) over an area of nearly 100 acres in Kundli. Set up by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), the EPIP project in Kundli has been earmarked for Export Oriented Units of all kinds, with special emphasis on food processing, leather garments and accessories, electronics, telecommunications, automotives, auto parts, sports goods, handloom and ready-made garments projects.
As a result of these developments, the past few years have seen the region witness tremendous progress on the industrial and infrastructure fronts. Now, with the establishment of the 5,000 acre Rajiv Gandhi education township in Kundli with over 20 big and well-known universities in the campus, and availability of large housing stock, the region has emerged as a cluster of industry, a hub of higher learning, and an urbanised conglomerate, enjoying high-end connectivity right on the outskirts of the national capital. On the basis of the region's great promise and potential, astute observers are already betting Sonepat-Kundli to emerge as an IT hub and the future city of Haryana over the next few years.
The Sonipat-Kundli area is connected with the six-lane NH-1, KMP Expressway and a major railway line. The KMP Expressway, expected to become operational soon, will connect all the highways in the state, bringing about high-speed seamless connectivity for the entire region besides giving further fillip to industrialisation, urbansiation and infrastructure development of the region.
Haryana is also a key constituent of the Delhi Mumbai Industrial Corridor, which covers nearly 66 per cent of the total area of the state, including the Sonipat region. Under this project initiative, an Investment Region would be set up at Kundli-Sonipat. As a result, the Kundli-Rai area, situated along the NH-1 axis, is set to grow as a highly preferred investment destination with the completion of the KMP Expressway.
The KMP Expressway will connect all the highways in the state once it becomes operational in the next few months. It will also drive the demand for warehousing space, especially in Kundli area. Most of the warehouse supply is, therefore, likely to come up within close range of the KMP expressway. At present, Kundli area has many cold storages in phase I and phase II. The freight complex at Narela will be the closest to the upcoming warehouse facility in Kundli. IFC Narela is being developed to cater to the wholesale market and their warehousing requirements. With the coming of industrial area in Barhi, Rai and IMT Kharkhaudha, the demand for warehousing will go up .
Further, taking into account its strategic location and close proximity to Delhi, the state government is also developing Sonipat-Kundli area as a multi-functional urban complex. The 'Regional Plan 2021' prepared by the National Capital Region Planning Board (NCRPB) has identified Sonipat- Kundli Urban Complex as a regional centre in the Central National Capital Region (CNCR). The state government is also considering to allot land to set up a tourism university in the area.
If the prooof of the pudding is in the eating, the evidence on industrial and infrastructure development in Sonepat-Kundli is hard to miss. At the time of formation of the Sonepat district in 1972, there were just 188 industrial units, whereas now the figure is around 3,500. The district today accounts for about 4,000 acres of developed industrial space at Kundli, Rai, Sonipat and Barhi. Sonipat and Kundl-Rai together span an industrial area of about 2,500 acres. The Industrial Estate (IE) in Kundli alone is spread over an area of about 1,000 acres. Among the more prominent names that have set up shop are Jagdamba Exports, NIFTEM, Magppie International, Osram, Action shoes etc.
The process for acquiring about 3,500 acres of land of Bidhal, Joli, Lath and Bhainswal Kalan villages is also underway for setting up an industrial estate in the Gohana region of the district. The Indian Railways has also announced the setting up of a rail coach manufacturing unit in Sonipat, which is expected to come up in the Gohana area of the district. Similarly, a new IMT project has been planned at LaathBidhal-Jauli for which proceedings for acquisition of another 3,300 acres of land have been started.
Then there is the Export Promotion Industrial Park (EPIP), which has been developed over an area of about 107 acres and the Electronics Hardware Technology Park (EHTP) over an area of nearly 100 acres in Kundli. Set up by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), the EPIP project in Kundli has been earmarked for Export Oriented Units of all kinds, with special emphasis on food processing, leather garments and accessories, electronics, telecommunications, automotives, auto parts, sports goods, handloom and ready-made garments projects.
As a result of these developments, the past few years have seen the region witness tremendous progress on the industrial and infrastructure fronts. Now, with the establishment of the 5,000 acre Rajiv Gandhi education township in Kundli with over 20 big and well-known universities in the campus, and availability of large housing stock, the region has emerged as a cluster of industry, a hub of higher learning, and an urbanised conglomerate, enjoying high-end connectivity right on the outskirts of the national capital. On the basis of the region's great promise and potential, astute observers are already betting Sonepat-Kundli to emerge as an IT hub and the future city of Haryana over the next few years.
Wednesday, 10 December 2014
TDI LakeGrove Offers Great Location, Affordability, Amenities
With a stellar track
record of transforming real estate in several parts of North India, TDI
Infracorp, which has over 25 Years of focused experience in the real estate
business, has started work on a new project christened LakeGrove. This premier
residential project is coming up within the 1250-acre TDI City at Kundli. Building
on its impressive credentials of having executed 5 renowned townships spread
over an area of 2480 acres at Kundli, Panipat, Mohali I & II and Moradabad,
and delivering over 15 million sq. ft. of built up space till date, TDI
Infracorp has now embarked upon yet another challenging endeavour of developing
the LakeGrove project within TDI City in this part of Sonepat, Haryana.
Located strategically
on the main NH-1, right next to the soon-to-be-operational Kundli-Manesar-Palwal
or KMP Expressway, TDI City enjoys excellent locational advantage. It is in
close proximity of well- known residential colonies of North and North-west
Delhi, including Rohini, Pitampura, Shalimar Bagh, Ashok Vihar, Model Town,
Paschim Vihar and Jehangirpuri . The well-planned township also lies in close
vicinity of prominent Haryana towns of Rohtak and Panipat.
From the perspective
of travel and commuting, TDI LakeGrove is just a 15-minute drive from many
pockets in Delhi and can fulfil the aspirations of over 54% of Delhi’s
population who wish to move to a better lifestyle. As per Census data, 54% of
Delhi’s population resides in North, North-west & North- east Delhi and the
natural consequence of this is the increase of habitation towards the NH-1 belt
in the direction of Sonepat and Kundli.
Excellent
connectivity apart, the social and physical infrastructure in and around the
LakeGrove project is coming up thick and fast. The location is poised for a
dramatic facelift thanks to the planned development of Metro and rail
infrastructure respectively. Plans are afoot to extend the Metro network up to
Kundli after bringing it to Narela in the next phase of expansion of Delhi
Metro. Then, as part of the Rapid Rail Corridor project an investment of Rs
40,000 crore has been planned for developing rail infrastructure for
Delhi-Sonepat-Panipat and Delhi-Gurgaon-Rewari-Alwar. According to the plan, a
Rapid Rail Transit System would connect ISBT in Kashmiri Gate to Sonipat and
take only 20 minutes either way.
Along with quality
infrastructure, planned Metro and rail connectivity and good road network, the
locality in and around the LakeGrove project is fast turning out to be a major
centre of higher education and research. The 5,000-acre Rajiv Gandhi Education
City, within walking distance of the LakeGrove project, is slated to be the
world’s second-largest integrated hub of education once it is fully up and
running. It has been planned as an international hub for higher learning and
research in frontier technologies like nanotechnology, biotechnology, genetics,
engineering, medicine, etc.
With so much
development going on and in the pipeline, real estate value in and around the
LakeGrove project is set to appreciate sharply. From the customer point of
view, the most delightful part of the project is that the apartments are very
competitively priced, starting from Rs. 34 lakh onwards with easy loans and
payment options available. Construction of the project, which was launched last
year, is now progressing in full swing to facilitate delivery, which is
expected to begin by the end of next year.
The TDI LakeGrove
project encapsulates the company's vision and promise of offering aesthetically
designed holistic urban lifestyle of high quality. To begin with, this project
comprises 2/3/4 BHK high rise as well as low rise apartments designed along a
unique concept of living by the lakeside. In fact, the blue water lake will be
a refreshingly innovative attraction of this premier township project, adding a
new dimension of luxury for the residents.
In keeping with TDI’s
well-built reputation for ensuring timely construction and delivery of superior
living experience, LakeGrove project has
been conceptualized and master planned by the world renowned architecture firm
- HOK Partners (London) who have designed
the T3 Terminal of Indira Gandhi International Airport, Delhi, and LAVASA,
India’s largest hill city at Pune. The highlight of the LakeGrove project is
that it is being built around an exclusive 4-acre lake set amidst rolling
greens and sylvan surroundings. Special care has been taken to ensure that the
project offers a healthy living experience in a suburban setting. About 80% of the project has open green
areas, crisscrossed with parks and play area and walking and jogging tracks for
all age groups. Also, each flat of the project is designed to get plenty of
ventilation and sunshine. To ensure peace of mind for its customers, all
structures in Lakegrove project are earthquake resistant.
Besides, the project
has all the attributes and hallmarks of the high quality construction typical
of all TDI developed projects. Every wall, ceiling and floor will reflect class
and quality. The kitchen, bathrooms and bedrooms will be futuristic as well as
practical. The range of amenities includes 24x7 water supply, 24-hrs security
with intercom facility, banquet, shopping arcades, health care centre, club
house, multi-purpose hall for parties, games, yoga and aerobics, and
professional upkeep and maintenance.
For homebuyers
looking to a great combination of locational advantage, affordability, and
features, TDI LakeGrove offers an excellent choice of fine suburban living in a
self-sufficient township located very close to Delhi.
Friday, 5 December 2014
Things to consider before buying a property
One of the biggest investments that many people will make is in purchasing real estate. The home you have decided to purchase will therefore be a very large investment in your lifetime. To make sure that your investment is a success, you must become as knowledgeable as possible about your real estate purchase. If you don’t have enough knowledge, you may make a bad decision and purchase a piece of property that will cost you time and money. So, always do your homework before buying a property. To begin with, prior to purchasing any specific property, you must ensure you have all the information about the area that surrounds your property, availability and existence of social and physical infrastructure in the area, crime rate, planned projects, and other relevant details.
For many average home buyers, buying a home is about the price, location and amenities like club house and swimming pool. But one should give equal importance to other aspects as well. When you are buying a flat from a developer, you have to consider two aspects. One, the title. That is, you have to ascertain whether he is actually the owner. Secondly, you need to find out if the construction is legal and authorised.
If you are buying a flat in a building where the co-operative society has already been formed, you need to ask for three key documents — the seller's share certificate, a no-objection certificate (NOC) and a letter from the society, stating that the seller is indeed the owner of the property, and there are no liens against the flat and it is free from any encumbrances.
If you are buying an under-construction property, you must go through the approved sanction plan, IOD and commencement certificate issued by the municipal corporation. Again, the key is to establish whether the builder has clear ownership of the land on which the project is taking shape. "An agreement between the builder and the original owner is not sufficient. The project also needs to have an IOD. This is a set of instructions that a developer needs to comply with so that he can legally construct the project. It is valid for one year and needs to be reissued if the project has not been completed in a year's time.
If the construction is only partly complete, you need to exercise extra caution. If you are buying a flat on say the 30th floor, while the construction has been completed only till the 15th floor, you will not get the occupation certificate as the building is still under construction. In such cases, you must insist on seeing the commencement certificate, particularly for that floor.
Similarly, projects that are in the pre-launch stage need additional scrutiny too. It is even more necessary to establish the trustworthiness of the builder, especially in terms of his track record for transparent dealings and compliance with legal formalities. So while evaluating various projects in the region, they should look at the credibility of the developer, project specification and amenities offered, to do an apple to apple comparison. While comparing different projects in an area, consumers should look at the overall cost of the house and not just the advertised basic sale prices as there are additional costs like preferential location charges, car parking, power back charges that are charges over and above the basic sale price. One should also go through the construction specification and project amenities in detail as they have a huge impact on selling price.
When you are looking for a land parcel or an apartment then location assumes prime importance. One should take special care to note where the project is coming up and what kind of social infrastructure would develop in the vicinity of the project. Check if there is a public transportation system being planned for the region and, most importantly, check what is the reputation of the developer in terms of construction quality and delivery of the project.
Finding the perfect property for you can be a long process. Following op on all the important details can prove to be an intimidating thought for many. But while much time will be invested in research and inquiries about the property, the end result is worth it!
For many average home buyers, buying a home is about the price, location and amenities like club house and swimming pool. But one should give equal importance to other aspects as well. When you are buying a flat from a developer, you have to consider two aspects. One, the title. That is, you have to ascertain whether he is actually the owner. Secondly, you need to find out if the construction is legal and authorised.
If you are buying a flat in a building where the co-operative society has already been formed, you need to ask for three key documents — the seller's share certificate, a no-objection certificate (NOC) and a letter from the society, stating that the seller is indeed the owner of the property, and there are no liens against the flat and it is free from any encumbrances.
If you are buying an under-construction property, you must go through the approved sanction plan, IOD and commencement certificate issued by the municipal corporation. Again, the key is to establish whether the builder has clear ownership of the land on which the project is taking shape. "An agreement between the builder and the original owner is not sufficient. The project also needs to have an IOD. This is a set of instructions that a developer needs to comply with so that he can legally construct the project. It is valid for one year and needs to be reissued if the project has not been completed in a year's time.
If the construction is only partly complete, you need to exercise extra caution. If you are buying a flat on say the 30th floor, while the construction has been completed only till the 15th floor, you will not get the occupation certificate as the building is still under construction. In such cases, you must insist on seeing the commencement certificate, particularly for that floor.
Similarly, projects that are in the pre-launch stage need additional scrutiny too. It is even more necessary to establish the trustworthiness of the builder, especially in terms of his track record for transparent dealings and compliance with legal formalities. So while evaluating various projects in the region, they should look at the credibility of the developer, project specification and amenities offered, to do an apple to apple comparison. While comparing different projects in an area, consumers should look at the overall cost of the house and not just the advertised basic sale prices as there are additional costs like preferential location charges, car parking, power back charges that are charges over and above the basic sale price. One should also go through the construction specification and project amenities in detail as they have a huge impact on selling price.
When you are looking for a land parcel or an apartment then location assumes prime importance. One should take special care to note where the project is coming up and what kind of social infrastructure would develop in the vicinity of the project. Check if there is a public transportation system being planned for the region and, most importantly, check what is the reputation of the developer in terms of construction quality and delivery of the project.
Finding the perfect property for you can be a long process. Following op on all the important details can prove to be an intimidating thought for many. But while much time will be invested in research and inquiries about the property, the end result is worth it!
Wednesday, 3 December 2014
Tuesday, 2 December 2014
Monday, 1 December 2014
Impact of FAR relaxation in Delhi
The Centre has enhanced floor area ratio (FAR) and ground coverage in Delhi, a move that is likely to facilitate more effective utilisation of space in the teeming metropolis.
The FAR for plots measuring 750 sq metres to 1,000 sq metres has been enhanced from 150% to 200% while FAR for plots measuring 1,000 sq metres and above has been hiked from 120% to 200%.
Similarly, ground coverage has been increased from 40% to 50% for plots of 1,000 sq metres and above while that for plots of 750-1,000 sq metres will remain at 50%, according to a statement from the urban development ministry.
"This is one more signal from the government to kickstart the economy. It is a good signal for greater urbanisation, for brownfield redevelopment of Delhi," said Rajeev Talwar, executive director of real estate developer DLF.
The government has talked about vertical developments in cities rather than going for an urban sprawl and this move will help improve utilisation of space in the city.
The statement, however, does not provide clarity on whether buildings utilising the additional FAR will be allowed to go higher than the stipulated four floors (17.5 metres) and whether there are any other conditions for utilising the additional FAR. "These kind of big plots are in areas which have relatively better infrastructure. It will now encourage redevelopment of these areas," said Amit Sarin, director at Delhi-based builder Anant Raj Industries. At an FAR of 200%, a 1,000 sq metre plot c ..
In good news for residential apartment owners in Delhi, the Urban Development Ministry has enhanced the floor area ratio (FAR).
While the FAR has been increased from 150 per cent to 200 per cent in respect of plots of 750-1000 sq mt, the same was enhanced from 120 per cent to 200 per cent for plots of 1000 sq mt and above, a senior official of UD Ministry said adding UD Minister M Venkaiah Naidu approved the proposal of Delhi Development Authority (DDA) in this regard on Monday.
The Ministry has also approved enhancement of Ground Coverage for residential areas in Delhi, said the official. FAR enhancement means proportional increase in total built-up area, which will result in more spacious rooms or floors on the same plot, depending on the ground coverage.
However, the benefits of revised FAR will go to plots of 1000 sq mt and above as the ground coverage for them was raised from 40 per cent to 50 per cent. For plots of 750-1000 sq mt, the ground coverage will remain at 50 per cent.
DDA has proposed an amendment to this effect to the Master Plan Delhi-2021 and firmed up the same after inviting objections and suggestions from the public. With land being in short supply in major NCR cities like Delhi and the demand for housing rising by the day, the increase in FAR is being considered as a welcome step.
The FAR for plots measuring 750 sq metres to 1,000 sq metres has been enhanced from 150% to 200% while FAR for plots measuring 1,000 sq metres and above has been hiked from 120% to 200%.
Similarly, ground coverage has been increased from 40% to 50% for plots of 1,000 sq metres and above while that for plots of 750-1,000 sq metres will remain at 50%, according to a statement from the urban development ministry.
"This is one more signal from the government to kickstart the economy. It is a good signal for greater urbanisation, for brownfield redevelopment of Delhi," said Rajeev Talwar, executive director of real estate developer DLF.
The government has talked about vertical developments in cities rather than going for an urban sprawl and this move will help improve utilisation of space in the city.
The statement, however, does not provide clarity on whether buildings utilising the additional FAR will be allowed to go higher than the stipulated four floors (17.5 metres) and whether there are any other conditions for utilising the additional FAR. "These kind of big plots are in areas which have relatively better infrastructure. It will now encourage redevelopment of these areas," said Amit Sarin, director at Delhi-based builder Anant Raj Industries. At an FAR of 200%, a 1,000 sq metre plot c ..
In good news for residential apartment owners in Delhi, the Urban Development Ministry has enhanced the floor area ratio (FAR).
While the FAR has been increased from 150 per cent to 200 per cent in respect of plots of 750-1000 sq mt, the same was enhanced from 120 per cent to 200 per cent for plots of 1000 sq mt and above, a senior official of UD Ministry said adding UD Minister M Venkaiah Naidu approved the proposal of Delhi Development Authority (DDA) in this regard on Monday.
The Ministry has also approved enhancement of Ground Coverage for residential areas in Delhi, said the official. FAR enhancement means proportional increase in total built-up area, which will result in more spacious rooms or floors on the same plot, depending on the ground coverage.
However, the benefits of revised FAR will go to plots of 1000 sq mt and above as the ground coverage for them was raised from 40 per cent to 50 per cent. For plots of 750-1000 sq mt, the ground coverage will remain at 50 per cent.
DDA has proposed an amendment to this effect to the Master Plan Delhi-2021 and firmed up the same after inviting objections and suggestions from the public. With land being in short supply in major NCR cities like Delhi and the demand for housing rising by the day, the increase in FAR is being considered as a welcome step.
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