6 Reasons Gurgaon Is The Investment Hub For NRIs

Apart from being a hub for residential, IT and BPO and realty investments, Gurgaon has another feather in its cap - the Millennium City is also known as an NRI hub. Gurgaon real estate prices tend to rise. This is the region where NRIs seem to flock to make property investments.

Bangalore has been quite famous with Non-Resident Indians (NRIs), where they would generally buy retirement homes. Delhi, however, has remained the hub, where NRIs choose to buy properties for investment purposes. NRIs from the US, Canada and the Middle East alike have been showing a keen interest in upcoming properties in Gurgaon.

Here are some of the reasons that make Gurgaon real estate market a top choice for the NRIs:

1. Proximity to the National Capital: Traditionally, international investors choose locations that are nearby and close to the country’s capital. NRIs are no different. The property value in the capital and its nearby regions, like Gurgaon, is easy to track remotely. The success story of Gurgaon’s real estate development, capital value appreciation and how it made millionaires out of humble investors, have also gone global. That has generated more interest from investors.

2. Luxury Properties: The cropping up of luxury projects in Gurgaon like 3BHK and 4BHK apartments, duplexes with premium amenities is also one of the reasons that attract moneyed NRIs looking for investment options. Some under construction projects in Gurgaon with a high number of uber luxury condominiums are also sold to many NRIs through offices established abroad. NRIs are a major part of the target market for such properties. Availability of residential and commercial properties in the city also provides a wide range for NRIs to choose from.

3. Good Rental Visibility/Management: Good demand and visibility of rental earnings and their steady growth is yet another factor that attracts NRIs who would want very good returns on the investment. Many property management firms in the area also insure a home owner of many challenges associated with rental properties. The management firm will answer and fulfill all the queries of the tenant, make sure that no damage is caused to the property, and also keep the property rented without letting it remain vacant for long period. This kind of assurance makes it easier for a home owner to own and earn remotely.

4. Possibility of Residence: NRIs who have long-term plans of coming back to settle down in India prefer to stay in the NCR. Property ownership in the area is like getting a step closer to realizing this dream.

5. Nativity: A number of NRIs who invest in NCR have connections to Delhi. Most of them either have relatives or were educated in the city or have ancestral connections that make them choose the city. Many Punjabis, who either hail from the city or from the state, prefer Gurgaon when they plan to buy a home.

6. Infrastructure: The government has shown great interest in developing Gurgaon, be it connecting it to the national highway or flyovers that connect it to Delhi or the Metro rail. This is a good assurance for someone who resides abroad that the property values of the location will continue to remain stable if not appreciate.

Source: PropertyatNeoDevelopers.Wordpress.Com

MNCs Bullish, Dominate Office Space Leasing

The US and EU MNCs are very bullish about ramping up their businesses in India after the NDA government took over in May.

The increase in demand of office space in July, August, and September 2014, against the same period in 2013, showed a growth rate of 58%, the latest report by Jones Lang LaSalle said.

“A net absorption of 9.3 million sq ft (93 lakh sq ft) of office space during the third quarter of 2014 is a good 1.58 times the quantum seen in the same period last year,“ Ramesh Nair, COO (Business & International Director) of JLL India, said.

This performance for a quarter's net absorption was bettered only once-in 2011. Market activity, measured in gross leasing volume (GLV), was also high at 10.62 million sq ft, clearly indicating that there are better days ahead for commercial realty, Nair said.

According to a thumb rule, for every 100 sq ft commercial space leased out, 13 new jobs are created. This means that fresh commercial space, under construction owing to demand, is likely to generate 10,000 jobs. This in turn would trigger demand for residential units for the middle-income group.

Nair said India's new government led by Narendra Modi has taken the right steps to infuse confidence and faith in the corporate world, which is now once again engaged in pursuing growth plans. According to the report, Bangalore and Delhi NCR led the revival, leasing almost 3 million sq ft and 2.5 million sq ft space, respectively. This is a big jump by 90% and 250%, respectively, over the same period last year.

Mumbai, Chennai, Pune, and Hyderabad maintained their quantum of leasing space with minor variation.

The actual vibrancy on ground is felt even more, since the GLV is higher than the net absorption by 15-20%.

The revival is strong, which is evident from the fact that demand mainly comes from European and American business houses. According to the report, India's `Grade A' office leasing market is dominated by US MNCs, which account for more than 45% of the leased space, while Europe-based MNCs account for 15% and Indian companies 30% of this pie.

Source: Times Property, Dec 13, 2014

New Corridor - FNG: Growth Engine for Realty

If things go according to plan, work on FNG Expressway from the Noida side is expected to be complete by 2015.

To provide fast connectivity and improve infrastructure for realty growth, the authorities have increased the pace of construction of the much-awaited FNG Expressway (Faridabad-Noida-Ghaziabad Expressway).

Keeping this in mind, realty players have launched several projects in the newly-developing areas like Sectors 117, 118, 121, 122, 137, 142, and 150 along the FNG corridor.

Delhi has six million vehicles with 1,200 more added daily.But road space is not increasing at the same pace and very soon Delhi's roads would become inadequate to handle the growing traffic volume, traffic experts warn.

The scene is equally bad on roads connecting Delhi with Gurgaon, Faridabad, Noida, and Ghaziabad. This is starkly evident on NH-8 (Delhi-Jaipur Highway), which was designed for a peak traffic volume of 1.6 lakh vehicles (by 2015).

With Ghaziabad, Noida, Greater Noida, Faridabad, and Gurgaon emerging as major real estate hubs, millions of people are now crisscrossing the NCR, end to end, on a daily basis.

There is huge movement of goods also in these regions. Keeping the projected requirements of movement of this huge volume of population and goods, development authorities of Faridabad, Noida, and Greater Noida took up the FNG Expressway project to ease the movement of traffic between these cities. FNG Expressway is nearly 56km long and of this, 19.9km falls in Noida-Greater Noida region and 8km in Ghaziabad, while the rest 28.1km falls in Faridabad regions, especially the Neharpar areas.

Source: Times Property, Nov 29, 2014, Page 07

Delhi NCR housing prices remained steady till Sept

Prices of residential properties in many parts of NCR have not changed due to a situation of oversupply and low demand.

Property prices in the Delhi NCR region remained stable during the July-September quarter and square foot prices remained unchanged when compared to the previous quarter, a report released by property website 99acres reveals.

“Analysis of price trends in the previous quarter reveals that the Delhi NCR real estate market is sluggish and investors are still cautious,” says Neeraj Sharma, senior vice president-sales, 99acres.com.

Interestingly, average rentals have decreased by about one percent in the last quarter. A comparison of the second quarter of this year with last year’s corresponding quarter reveals a 2% fall in prices per square foot. The rentals of three bedroom flats saw a 1% dip.

“Real estate supply in west Delhi saw a triple digit growth whereas saturated markets of south Delhi grew by 76% owing to the emergence of brand new localities,” the report added.

With respect to apartments, Vasundhara and Vaishali in Ghaziabad saw a capital value decline of 10% and 6%, respectively (quarter on quarter).

Residential apartments at Pitampura and Uttam Nagar in north-west Delhi and Greater Kailash and Saket in south Delhi have shown an upward movement. Greater Kailash II has been the frontrunner in capital value growth in this part of the city with 14% capital growth.

Sector Omicron 1 grew by 22% quarter-on-quarter due to rising occupancy levels. Many projects are approaching maturity and builders have started offering possessions, the report revealed.

Oversupply and decreased sales of residential properties in Noida Extension have resulted in static prices in the region. “No substantial price appreciation is expected here before the commencement of metro work in 2017,” the report suggested.

Gurgaon’s Sector 31, South City 1 and Sector 68 have emerged as the top gainers of the quarter. Sector 31’s closeness to Huda City Centre metro station and the proximity of Sector 68 to the Sohna-Gurgaon road worked wonders for these areas. Sectors-76, 77 and 87 in Faridabad too performed well due to their proximity to Delhi and the main bypass road.

Land prices in Sohna saw a 57% jump post announcement of the Sohna Master Plan-2031 last year.

There was good news for those invested in Neharpar areas in Faridabad, which witnessed a 70 % growth due to enhanced demand for apartments and builder floors.

Source: HT Estates, Nov 29, 2014

Neo Square – A Commercial Project at Dwarka Expressway, Gurgaon

Neo Square – A Neo Developers’ Premier Commercial Project @ Sector 109, Dwarka Expressway, Gurgaon.

1st loss free proposal in Delhi NCR starting @ Rs. 24.60 Lacs, Limited Period Offer.

At Neo Square, prepare to be spoiled for choice – with the finest luxury brands. Offering the retail,hyper market, entertainment, cinema & service apartments and relaxing open terraces. The retail space is designed unlike a typical mall but as an multi use marketplace.

For further details kindly visit: http://www.neosquare.in/ or call us at +91 124 2881000 or email us at info@neodevelopers.com.

Neo Square – A Neo Developers’ Premier Commercial Project @ Sec 109, Dwarka Expressway, Gurgaon

At Neo Square – a commercial project in Gurgaon, prepare to be spoiled for choice – with the finest luxury brands offering the retail, hyper market, entertainment, cinema & service apartments and relaxing open terraces. The retail space is designed unlike a typical mall but as an multi use marketplace.

Welcome to a space that gives business and leisure a whole new location! As the premier development by Neo Developers, Neo Square enjoys the perfect location, perfect amenities and the perfect lifestyle avenues for the modern Indian.

Advantages:
1.) rated as a Gold-graded building by the Ministry of Environment and Forest
2.) coming up on Dwarka Expressway, an 8-lane & 150 mt wide road
3.) front facing development, with unhindered view of the Expressway
4.) instant connectivity within NCR, UIA, UER-1 & UER -2

For further details kindly visit www.neosquare.in or call us at +91 124 2881000 or email us at info@neodevelopers.com.

Neo Square – A Commercial Project at Dwarka Expressway

Neo Square – A Neo Developers’ Premier Project, a commercial project @ Sector 109, Dwarka Expressway, Gurgaon.

1st loss free proposal in Delhi NCR starting @ Rs. 24.60 Lacs, Limited Period Offer.

At Neo Square, prepare to be spoiled for choice – with the finest luxury brands. Offering the retail,hyper market, entertainment, cinema & service apartments and relaxing open terraces. The retail space is designed unlike a typical mall but as an multi use marketplace.

For further details kindly visit: http://www.neosquare.in/ or call us at +91 124 2881000 or email us at info@neodevelopers.com