Gurgaon may shine post 2014 Elections

Gurgaon remained the favorite for home buyers since last about two decades. Beating all other sub cities of NCR like Noida, Greater Noida or Faridabad it always stood in the front, to showcase the infrastructural growth in India. But for last few years Noida & Greater Noida have surpassed Gurgaon in providing better and more housing at lesser price. But, Gurgaon Realty experts suggests that this trend may not last long as the prediction of change of Government in the centre as well as Haryana State is going around strongly. Generally such changes bring down the market growth and halts major developments in any economy. But, fortunately this is not the case this time as per Newspaper reports, Satta Market is betting big on new government.

Anyways, we at the Search My Flat will consider more of the logical reasons to predict the future of Gurgaon Real Estate market rather than by going with the Buzz in Satta Market. Haryana Govt in last few years was not able to earmark land for major developmental plans due to unavailability of clearance from Environment Ministry, Govt of India. Since, Gurgaon is situated in the foothills of Ecologically sensitive Aravali Mountain range Hence Supreme Court Of India is also observing any impact or disturbance in Ecological system of the area, by infrastructural Development here . The Apex court in an order passed in May 2009 has completely banned mining activities in 448 Sq. Kms of this region. All such unscrupulous activities of the current Govt are widely condemned and set to reverse by the next government. Which will bring the lands back in to the government Land bank. If next government will wisely allocate the alternative land to the eligible developers than new townships may emerge in Gurgaon – Sohna region at the price prevailing in Noida.

Haryana government in the year 2011 acquired land for 18km long Northern Peripheral road which is now popularly known as Dwarka Expressway that connecting Dwarka In west Delhi with Gurgaon. But soon this project got entangled in several legal issues. One such major issue of about 200 houses of Palam Vihar is recently cleared by HUDA by giving alternative plots to the grieved litigants. Though HUDA has been famous for going slow on policy making but this time, delay did not hurt much to either the developer or the investor as the average price of a multistoried apartment in dwarka expressway has reached today at Rs 7,500/ Sq. feet from Rs 2,500 in 2009. As per market reviews Dwarka Expressway has almost 50 housing projects like 106 Golf Avenue, Aster Court, Emaar Marbella, Palm Gardens Ramprastha Primera , Chintals Paradiso, Assotech Blith , Elite Residences going on at different stages which will offer about 25,000 housing units in form of Studio Apartment, 2BHK, 3BHK & 4BHK etc, by the year 2018.

Unexpectedly high appreciation of property in recent past coupled with Slow and hesitant Sale of flats in Gurgaon, has cautioned the end user to rethink to Purchase an Apartment in Dwarka Expressway and its adjoining Sectors of Gurgaon. Whereas, investor is quite keen to recover his investment & move ahead. So post election if we see some price correction in the area then End User will happily come to buy their dream Apartment here as most of the Developers like CHD, Raheja, Tata Housing, Godrej Properties, BPTP, Puri Constructions, Emaar MGF, Indiabulls Real Estate, Ansal Housing, Assotech Groups are projects here are offering the High Quality Housing at prices cheaper than Main Gurgaon. So, we wish all the best to the Investors & End Users who have plans to purchase property in Dwarka Expressway and suggest them to be ready to grab the opportunity soon.

New Business Opportunities in Delhi NCR: NOIDA

Noida, as its popularly known these days was originally an Industrial township, set up as New Okhla Industrial Development Authority in the year 1976 by U.P. Govt. to accommodate the Micro Industries shifting from Delhi. Original Idea was to create Jobs for the natives of Local villagers of Western U.P. and of course to reap the Tax revenue by setting up Industries just across the river of Delhi’s Biggest Industrial area called Okhla. Increased cost of real estate in post Asia Era (year 1982) pushed Delhi Businessmen to think for a cheaper Alternative to run their factories and they never regretted for their decision to choose Noida over Faridabad & Gurgaon.

 Nobody imagined at that time that this Industrial Township would once become the most affluent and the Prosperous City of Uttar Pradesh with the highest tax collection and Increased Real estate value in the entire state. No wonder, this might be the reason that in last 15 years Noida has remain the favorite of U.P. Govt. too. Does not matter whichever political party forms the Government in Lucknow Noida always gets the biggest share of Funds for the Infrastructural Development. This is the reason , now Noida can boast of everything what its neighboring Capital City used to pride of, Roads, Flyovers, Shopping Mall, IT Parks, SEZ, Expressways & Metro etc.

Jobs to Business opportunity, Noida has it all for the IT Generation, coming from the small towns of UP,  and other States, which was earlier shifting to Gurgaon, Hyderabad & Bangalore etc, for better living and fine earning. IT revolution in early Nineties bridged the gap between small town and big City and within next ten years, Noida by 2004 had developed in to the fastest growing Metropolitan City of India, where people dreamt to have their house.

Surge of demand in Housing sector of Noida, forced the governing Authority to delegate its responsibility and Major Real Estate Firms Jaypee Group, Ansal Group, Unitech, Omaxe, Parsvnath, Amrapali, Supertech Group came forward to share this responsibility .Now a days, Noida & Greater Noida both, has more than 700 Group Housing Projects with more than One Million Flats / Apartments to offer to the ever growing real estate market of Delhi NCR.. Studio Apartment to palatial Pent Houses, Serviced Apartments to Luxury suits Noida Developers have it all for the buyers who were eyeing to Gurgaon but couldn’t buy one for higher prices there. Noida Property market is believed to be much more reasonable and safer than to Gurgaon or Faridabad Properties as all the land Allotments for Housing Development are done by Authority itself and No such activity can done on agricultural Land. All such measures taken by N.O.I.D. Authority have strengthened the faith of Investors and End Users both.

Connectivity, of FNG, Yamuna Expressway & NH-24 gives triple Ace to Noida which no other City of Delhi NCR has.  Quality Construction with Modern Interiors by the Big Builders is the set mantra which upcoming breed of real estate builders like, ATS, Amaatra, Ajnara, Assotech, Dasnac, Gaursons,  Sikka Group, JM Housing, Panchsheel , Paras, Prateek Group, Mahagun Builders, Sarvottam Group, Unnati Group etc are keenly following. Any group housing property can be evaluated from five Major aspects Connectivity, Construction Quality, Vastu/ Interiors,  Safety & Amenities, Legal sanctity as per India’s First Informative Website for Flat & Apartment Property Buyers, “Search My Flat”. And, Search my flat strongly recommends Noida to its followers, for living and Investment both.