Development of new connectivity can add immense value to an area. It not only provides opportunity to the developers to do more business but it also provides new options to end users. Best of all, it helps in containing the price rise of real estate in the main districts of a town.

The newly built bridge over Hindon river near sectors 121 and 119 in noida has reduced the distance of Greater Noida Sectors 1 and 4 from main noida to almost half. Because of the bridge, noida’s connectivity has improved so much that the new area is termed as noida extension. Since then a number of developers in the area have launched apartments in the price range of Rs 9 lakh for 1BHK apartment to Rs 15 lakh for a 2BHK and Rs18 lakh for 3 BHK.

The distance of sector 1 and sector 4 of greator noida, where a number of townships are being developed, has reduced to about 11km from main market place, sector 18 in noida, because of the bridge. Earlier, the distance from sector 18 to the place was around 18km. The distance from main commercial centers like sectors 61 and sectors 62 too has come down to around 8km from the earlier 14km.

The new bridge has also added value to Crossings Republik, a township on around 350 acres of land being developed by a consortium of around 10 developers. In this township, a number of projects are near completion and possessions are likely to be given to the buyers in the next couple of months.

Before the construction of this bridge, one had to travel to reach areas via NH 24. Not only is the distance via NH 24 longer, but NH 24 also remains congested most of the time, and as a result homebuyers were reluctant to purchase these apartments in these areas.

The National Highway Authority of India (NHAI) is planning to expand NH 24 to six lanes, which will further improve the connectivity to the trans- Hindon area. But the implementation will take time.

The new bridge on Hindon has come up on a 130 meter-wide connectivity road from South Delhi via a bridge over Yamuna at Kalindi Kunj.

If this road is completed and NH 24 is six laned, the connectivity to this whole area to delhi and Ghaziabad will further improve. The Crossings Republik, which is also just across the river, will be hugely benefited because  of this new connectivity.

Apartments

DLF, the country’s largest realty player, being a strong competitor in the residential property sector, announced flat offers in Delhi with a costing of Rs. 4 cr. Per unit at the center of the National Capital.

The launch of the third phase of a housing project – Capital Greens — at Shivaji Marg, close to Moti Nagar (near Central Delhi) is followed by the offer of 150 luxurious flats by the organization. The cost for the apartments is estimated at Rs 11,000 per square feet.

Rajeev Talwar, the Group Executive Director of DLF told PTI that since now-a-days demand for luxury products is very strong, if they provide a good product at a fine rate, it will sell.

He also added that while the costing of apartments is quite high, these are still not ahead what other developers are offering in the luxury sector in the city.

The realtor Emaar MGF in its Commonwealth Games project, is selling flats at Rs 12,700 per square feet.
Moreover, there are two residential projects by Parsavnath in the National Capital — one at Civil Lines (North Delhi) tagged at Rs 10,000 a square feet. and the other at Subhash Nagar (West Delhi) priced at Rs 7,500 per square feet.

DLF’s third phase will be composed of 4-BHK apartments only with a size of about 3,000 square feet is the next commitment by Talwar.

He also added that around 70 units are already booked and they will keep the bookings open till all the apartments are sold.

The first and second phases were launched with 1,400 and 1,250 units respectively by the company last year.

In 2007, DLF had acquired 38 acres from DCM Shriram and Lohia Group for Rs 1,675 crore, and the ‘Capital Greens’ is being developed on that land.

The ‘Capital Greens’ is being built on the land of 38 acres which DLF had accrued in Rs. 1,675 cr. from Shriram and Lohia Group rom  Shriram and Lohia Group in 2007.

The Sports City will have various Residential Districts which would be built by the company in phases. The first district will be the Country Homes, with sizes varying from 200 to 4000 sq mts. This will be followed by Lake District with high, mid and lower end apartments. The city will have features like uninterrupted water and electricity supply from Jaypee Group’s own power generation plants, round the clock 3 tier security, super specialty health facilities and educational facilities ranging from Kinder crib to professional levels.

For more details and booking please visit: http://www.propertywala.com/projects/560172

“We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr Arun Nanda said.

Fundamentals of real estate have not changed. Mr Nanda said, there were no funding issues for its projects and the company’s affordable housing projects are not going to disappear.

“We have actually got cash in the bank,” he said, adding there is a huge demand in Rs 30 to 40 lakh apartments segment. He, however, said the housing loan segment is facing problems and investors are not coming forward. “Demand has been put on back-burner and interest rates are hurting people,” he said.

More than trade, India sees itself as a giant power house for manufacturing and software. Its English-based higher-education system is a large collection of resources that it feels it can offer the rest of the world – the opposite of our “outsourcing” frenzy. India wants more of that going on.

Are the Indian youth influenced by what the American youth are doing?
No change in this attitude at least among the middle and upper classes. They’ve always tried to copy the West. The difference is that the middle class is increasing by leaps and bounds, so more and more people want to do what the West does.

In the older days (about 20 years ago !!) families were used to living in their inherited homes until they were capable of tating an apartment on rent. Thereafter most of them stayed in apartments until they had saved enough to buy an apartment. This was normally when they were in their 50s or older. An employee of Citibank, assesses people’s ability to pay on a loan and is himself thinking of buying his first home with a mortgage. He is about 30. The “American dream” will soon be the “Indian dream.”
Real estate is going wild in the big cities. Homes (apartments – or flats, as they are known) double in value in a year or two, and, they’re not cheap. Housing in Mumbai can run into the $1M range for an ordinary flat.