NHAI plans tram network along Dwarka Expressway

New Delhi: The National Highways Authority of India (NHAI) is exploring the option of putting a tram or light rail transport system along the Urban Extension Road-II, which will connect NH-1, NH-10 and NH-8, and the upcoming Dwarka Expressway. The road stretches have a combined length of about 83 km.

"The Delhi Development Authority (DDA) is providing us 90 metres right of way (RoW) for building the UER-II. We will need 60 metres for constructing the road and another 20 metres for greenery. So, we have another 10 metres available for laying track for tram or any other mass public transport facility," an NHAI official said. Similarly, enough land will be available along the Dwarka Expressway.
Officials said the NHAI will soon start a feasibility study to find the traffic demand and which mode of light rail transit will be viable for this stretch. They added that planning such a mode of transport would be timely.

Sources said the road transport ministry is also looking at it as a pilot to try a public transport facility along the NHs since the stretch will be a big corridor connecting the three major national highways. A faster and cleaner mode of transport will also bring other economic and environmental benefits.
Both the UER-II and Dwarka Expressway are being developed under the new flagship highway programme Bharatmala. Officials said these were priority projects for NHAI.

However, people who have bought houses along Dwarka Expressway have been protesting against the NHAI for delay in construction of the road.

NHAI officials said it will take about two years to complete the project. "Land acquisition for a small portion is underway. We have received bids for one package of the project and work will start soon. We have redesigned the expressway," the official said.

Source : https://bit.ly/2HpDnQ9

Investing in Real Estate? These Micro Markets can Give Good Returns

There is an uncanny similarity between the stock market and the real estate market today. Though the overall equity market is looking weak, there are several stocks worth investing right now. Similarly, though the broader real estate market is flat, action is happening at the micro level. There are several pockets across metros and large cities where property prices are reasonable and investors can
expect Good Returns.

 

However, don’t expect prices to shoot up like they were between 2005 and 2008. “Rental yield can be a good yardstick for residential real estate. Investors should get in only when the rental yield is more than 3%,” says Pankaj Kapoor, MD, Liases Foras.

The introduction of the Real Estate Regulation Act helps buyers but has removed the information asymmetry that helped generate High Returns from property. “Real estate, especially New Launches, used to double in value in 3-4 years; that phase is n .. Second, the focus has shifted from premium properties to the affordable and mid-priced segments.

Due diligence by home buyers has also improved. “Home buyers are taking time and doing indepth research like visiting property sites several times before buying,” says Jayashree Kurup, Head – Content & Research, MagicBricks. “Three main factors to check is the credible developer, right-sized house and good price. Unlike earlier, home buyers now insist that all three are in place,” says Sharad Mit .. This week’s cover story looks at micro markets that are doing well and could offer value to buyers. We examine the factors that have worked for these pockets and tell you why you should consider buying property in these hotspots. Improving connectivity and quality of space are plus points.

Gurugram Strong Showing

Improving connectivity and quality of space are plus points.



Availability of high quality office space at reasonable rates has helped Gurugram score over more expensive Delhi. “Gurugram remained the preferred office destination in NCR with about 57% share in overall leasing in 2017,” says Sachdev of Colliers International India. In addition to the cost advantage, proximity to the airport is another attraction.

The price performance in Gurugram has been unlike other cities. A similar trend is expected in the coming year as well. “Premium office occupiers will continue to prefer Cyber City, Golf Course Road and NH 8 owing to their enhanced connectivity,” says Sachdev. Similarly, the state government’s efforts to decongest the Gurugram-Alwar highway should make commuting easier from Sector 48.

 For more View Source : http://bit.ly/2sBJMol