Gurgaon Upcoming Projects 2007 Comprehensive Research Report on Gurgaon Real Estate Upcoming2007 Projects

PropertyVertical.com

Introduction Contents This is a supplementary report in continuation with the summary report on Delhi NCR Residential and Introduction 2 Commercial Upcoming Projects. Gurgaon real estate Market Scenario 3 witnessing enormous development and the numerous Concept of Pre launch, launch and Resale 4 upcoming projects swarming in and around the region has led it to be one of the favorite destinations. National and Rentals 5 international real estate developers have forayed into New Expansions 5

Gurgaon and many are still in the pipeline waiting to tap the Future Expansions 5 immense potential. Major Infrastructural Developments 6

Propertyvertical.com has come up with a comprehensive Commercial Upcoming Projects 7 research report on Gurgaon real estate capturing the Residential Upcoming Projects - Category A 8 current market scenario as well as anticipating the future Category B 9 trends. Category C 10

Residential Upcoming Projects - Summary 11

New Developments 12

Source of Information, About Propertyvertical.com, 14 Our Addresses, Disclaimer

Ritu Sharma Vipin Sharma Gurgaon Map 15 Research Analyst General Manager

PAGE2 propertyvertical.com Upcoming2007 Projects

Market Scenario

At present the real estate market in Gurgaon is for the actual Built-up house in Gurgaon may cost somewhere between end users and not for the investors as the prices are already Rs 1 crore to Rs 7 crore which includes duplex houses with touching peak high. It is always difficult to sell a property an area ranging between 200 sq yards to 1200 sq yards. bought at a higher rate with considerable profit margins. Construction in Guragon on a residential land under HUDA The residential real estate scenario is overall slow and norms can be done till three floors i.e. Ground, first and almost stagnant due to sky rocketed prices. Not many new second with an option of basement too. The construction residential projects are being launched in Gurgaon but the cost on a residential plot cost around Rs 500-700/ sq ft. commercial real estate is definitively experiencing a boom. Commercial/retail projects are coming up on most of the High prices of apartments/flats, hence, lower demand has 100 feet wide roads around residential areas. For instance caused inventory to rise as new development continues to Sushant Plaza in Sushant Lok, Bestech Central Square and add new products in the market. But for the lower segment Omaxe Plaza on the Sohna Road are some of the upcoming of apartments ranging between Rs 3,000 to Rs 4,000/ sq ft, commercial projects. there is considerable demand and thus good sales. Gurgaon residential segment constitutes around 30-40% of In the last six months there has not been much appreciation premium end apartments and the rest, i.e. 70-60% of in the residential real estate. It has been stagnant. Whereas middle and lower end apartments. In the coming year the commercial real estate witnessed around 10% around 5000 to 10,000 flats would be ready to move in appreciation in the rates with a premium of around Rs. Gurgaon alone. 3,000 added in the last six months. In the normal to middle residential segment (Category C Projects like JMD Group, The demand for residential land is on decline due to factors Bestech Group, etc.) the rates range between Rs 2,000 to like very limited availability, exorbitant rates, hassle of Rs 4,000/ sq ft. whereas in the upper segment (Category B construction, and obtaining clearance from several Projects like BPTP, Unitech, etc,) the rates range between Rs 4,000 to Rs 6,000/ sq feet. The luxury segment (Category A Projects like DLF, Emaar-MGF Group, etc.) Apartment Category Percentage share costs beyond Rs 6,000/ sq ft. The resale value of these flats on an average cost beyond Rs. 4,500/ sq ft. Due to high Premium end Apartments 30-40 % Middle-lower end Apartments 70-60 % rates only the end users and not the investors are putting Table: percentage share of apartment categories their money in the residential real estate. On the other hand Copyright © 2007. PropertyVertical.com investors/ financiers are going in for commercial real estate in Gurgaon. 9,000 Middle-lower Premium end Minimum Maximum

m end Apartments Apartments 8,000 o c . l m a o c i c . . 7,000 t l t r f a e

c . i V t y q r t

s 6,000 35% r e

e r V y p e t o r p r

5,000 e P e

p . t o 7 a r r 0 P

4,000

0 65% . R 2 7

N 0 I © 0

3,000 2 t

h © g i

r 2,000 t y h p g i o r C y p

Category A Category B Category C o Chart: average percentage share of apartment categories C Apartment Categories PAGE3 propertyvertical.com Upcoming2007 Projects government departments for construction, etc. Hence the Rs 25,000 - 1 lakh per square yard. demand for 3 BR and 4 BR flats/apartments is more than the residential plots. In Gurgaon a 2 BR flat would cost Whereas property rates in sectors 2-5, 14-17 which comes minimum Rs. 50-55 lakhs. under Old Gurgaon are on an average 25,000 per square yard. The apartment rates vary between Rs 3,000 Rs In DLF a villa would cost somewhere around Rs 2 to 5 crore 9,000 per square feet including projects by national and a 3 BR flat would cost around Rs 1.5 to 2 crore. DLF developers like DLF and Ansals. plots range between Rs. 35,000 - 80,000 /sq yard. In Sector 18 and 19 are industrial sectors of Gurgaon that The real estate in Gurgaon has shifted towards commercial includes Udyog Vihar Ph I-V, Electronic City and industries segment due to high pricing structure, high inventory and like Maruti Udyog. Old Gurgaon, industrial sector 18, less demand for residential real estate. Office/commercial sector 52 and 56 and areas like DLF and Sushant Lok are space is booked overnight in Gurgaon which reflects the completely developed. Whereas development in sectors huge demand for commercial real estate. Generally the 42 and 43 and South City is on full swing. developers/builders acquire 1 acre land on which they develop commercial/retail building ready for The Haryana government has banned the pre-launch of the sale/lease/rent. The present commercial retail rates in projects, a decision taken in investors' favour. As earlier the Gurgaon range from somewhere between Rs 5,000/sq ft to builders would pre launch a project without completing the Rs 30,000/ sq ft. legal formalities like obtaining the license etc. In case the

The residential land is comparatively expensive than flats/apartments. The contributory factor is the options available to the property holder of constructing up to three Concept of Pre launch, independent floors on that land with the basement. launch and Resale Property rates in New Gurgaon which includes sectors 27- 34, 40-45 and till 57, DLF Ph I-V, Ansals Sushant Lok Ph I-III ! Pre launch is less than launch and resale; is the lowest and the development on the Sohna Road like Mayfield price e.g. Rs 1000/sq ft. Gardens, Nirvana Country, etc are somewhere between ! Launch/ original booking is the highest price e.g. Rs 1400-1500/ sq ft. ! Resale is less than the launch but more than pre launch Rs. 1300-1350/sq ft. because if the resale is more than Property Rate Range the original booking then the buyer can directly buy m o c

. from the company rather than buying from the open l a c Commercial Rs. 5,000-30,000/ sq ft i t r market. e V

Residential Flats y t r e

New Gurgaon Rs 2,500-9,000/ sq ft p o r P

Resale is always cheaper than the direct booking for Old Gurgaon Rs 2,000-4,500/ sq ft . 7 0

0 instance in DLF the booking rates are appx Rs 7200/ sq ft.

Residential Land 2

New Gurgaon Rs 25,000-1,00,000/ sq yard t whereas the resale is between Rs 6200-6300 /sq ft. h g i r

Old Gurgaon Rs 20,000-40,000/ sq yard y p o Table: INR rates of commercial and residential real estate. C

PAGE4 propertyvertical.com Upcoming2007 Projects

Rentals Future Expansions

The residential rentals in Gurgaon have appreciated by Ansals is soon going to announce Phase IV in Sushant Lok around 10-15%. Rental rates ranging between appx. Rs. which already has three phases. 40,000 to 45,000/ month for a 3 BR and Rs. 45,000 to Rs. 50,000/ month for a 4 BR apartment. Whereas the lower DLF will soon launch Phase VI alongside Faridabad Road category apartments are available for Rs 10,000 to 15,000/ which will be an addition in the kitty of already existing five month. The commercial rentals have also appreciated by at phases. least 20% in the last six months. With major infrastructure developments in and around the Residential Rentals Rental Range city, not only Gurgaon but also the suburbs like Manesar, Kundli, Bhiwadi, and Sohna Road are proving to be yielding Middle-Higher Category investment opportunities. 3 BR Rs 40,000-45,000/ month 4 BR Rs 45,000-50,000/ month Plot Rate Flat Rate Lower category Rs 10,000-15,000/ month Property (Rs/ sq yard) (Rs/ sq ft)

Table: rental of residential real estate. Sector 3 20,000-25,000 2,000-3,500 Copyright © 2007. PropertyVertical.com Sector 4 22,000-25,000 2,000-3,500 Sector 9 21,900-23,000 2,000-3,500 New Expansions Sector 10 20,000-30,000 2,000-3,500 Sector 15 35,000-40,000 2,000-3,500 Sohna road and Manesar are experiencing massive Sector 17 20,000-35,000 3,100-3,700 development both in terms of residential and commercial Sector 21 25,000-35,000 3,200-3,700 real estate. Manesar considered as a commercial and Sector 23 25,000-31,000 3,200-3,700 industrial hub with HSIDC's Industrial Model Township, Sector 28 35,000-50,000 3,400-4,000 IMT on 1736 acre land. Owing to the commercial Sector 46 25,000-40,000 2,500-3000 Sector 47 35,000-42,000 3,067-3,200 development there is demand for residential properties Sector 51 13,000-30,000 3,200-3,500 too. At present plot rate in Manesar is around Rs 18,000/ sq Sector 52 30,000-35,000 2,900-3,450 yard which is surely expected to rise in the future. Sohna Sector 56 25,000-35,000 2,990-3,200 Road is around 10-15 mints drive from Manesar. Thus Ardee City 65,000-75,000 2,400-3,365 commercial development in Manesar is one of the Dharuhera 5,000-6,500 1,500-1,650 influencing reasons for residential demand in this area. It is DLF City Ph-I 60,000-75,000 6,500-6,900 moving in parallels with Manesar's commercial DLF City Ph-II 55,000-60,000 6,200-6,500 DLF City Ph-III 35,000-45,000 6,200-6,500 development and emerging as a new residential DLF City Ph-IV 60,000-80,000 4,200-6,300 destination. As many as 10,000 apartments are coming up DLF City Ph-V

45,000-60,000 4,200-6,300 m o c . on Gurgaon-Sohna road and nearly all the leading Palam Vihar 29,000-32,000 2,800-3,300 l a c i t developers like Omaxe, Unitech, JMD, Vatika Group, r Sohna Road - 3,200-7,500 e V y t South City I 19,445-75,000 6,500-6,800 r

Jaipuria, BPTP and Bestech Group are launching residential e p o South City II 22,000-38,000 5,000-5,500 r P

and commercial projects in the area. . 7

Sun City - 4,865-6,000 0 0 2 Subhash Nagar 16,000-20,000 3,111/sq ft / floor ©

Jaipur is a long term but certainly a promising investment t h

Sushant Lok-I 85,000-90,000 5,000-5,500 g i r option. It will take at least 4-5 years to reach considerable y p

Sushant Lok-II 50,000-55,000 2,800-3000 o development. C Table: INR rates of residential real estate throughout Gurgaon. Construction cost on a residential plot is Rs. 500-700 per sq.feet

PAGE5 propertyvertical.com Upcoming2007 Projects

Major Infrastructural Developments one of the most sought-after destinations for real estate developers and investors. NH8 Expressway The upcoming eight lane toll expressway between Rajiv Gandhi Education City Gurgaon and New Delhi, scheduled to become With the proposed Rajiv Gandhi Education city, in Kundli on operational in April 2007 which will provide non-stop the Delhi-Haryana border, this area has the potential of connectivity to the International Airport and Dhaula Kuan in becoming an education hub. Delhi over a distance of 28 kilometers and includes 7 flyovers and 5 underpasses along the stretch. Property Specialised Malls prices around it have shot up to Rs 5,000-6,000 per sq ft. Gurgaon will soon have an Auto Mall and a Wedding Mall being developed by Omaxe. Gurgaon is also set to get the Kundli-Manesar-Palwal Expressway biggest mall of the world with an average size of 2.5 lakh sq. Kundli-Manesar-Palwal expressway being developed as a ft. It is being developed by DLF Universal and to be known global corridor offers major investment opportunities. as the Mall of India. Many more such large format malls are coming up, which offer over 1 lakh sq ft of space. Metro The Metro Rail projects at present cover over 100 km and Special Economic Zone will provide connectivity to areas like Jahangirpuri, Anand The Haryana government is establishing a special economic Vihar, Mundka, Gurgaon and Dilshad Garden expected to zone at Garhi Harsaru in New Gurgaon, about 25 km from be completed by July 2010. the international airport in Delhi, adjoining NH-8 and the state highway between Gurgaon and Pataudi. The SEZ The Haryana government has proposed to levy a tax on would be spread across 3,000 acres and about 2,400 units property developers to raise the Rs 680 crore required for are slated to come up in this zone. Gurgaon's Metro rail. It will be part of the external development charges to be announced in January, and will Gems & Jewellery Park Complex at Udyog Vihar is in the apply to builders of all kinds of properties. This will inflate the Governments list of initiatives for promoting this sector and cost of properties in Gurgaon as the consumer will have to is also contemplating seeking SEZ status for this park. Along bear some of the cost. with that, an Apparel Park is also proposed to be developed in Gurgaon SEZ under the "Apparel Parks for Exports" Recent announcement by Haryana state government to scheme of the Government of India. extend metro services to Kundli will certainly make the area

NH8 Expressway Kundli-Manesar-Palwal Expressway Metro Rajiv Gandhi Education City Specialised Malls Special Economic Zone

PAGE6 propertyvertical.com Upcoming2007 Projects

Commercial Upcoming Projects

Project Location Type Rate Rent “ The real estate (Rs/ sq ft.) (Rs/ sq ft) in Gurgaon has Navkriti Arcade Sec 55 Retail and Office 6,200-12,000 shifted towards Time Tower MG Road Retail and Office 11,000-22,000 commercial Bestech Central Square Sec 57, Sohna Road Retail 9,000-12,000 segment due to Gurgaon Dreamz Sec 4 and 7 chowk Retail 10,000-14,000 high pricing Raheja Mall Sohna Road Retail 6,700-7,900 m structure, high o c .

Ambi Mall Near Radisson Hotel Retail 170 l a

c inventory and less i t

Omaxe Plaza Sohna Road Retail 110 r e

V demand for y t

Omaxe House 2 Home Sohna Road Retail 110 r e

p residential real o

Mall r P

. estate.” Omaxe Wedding Mall Sohna Road Retail 110 7 0 0 2 Ambi Corporate Tower Near Radisson Hotel Office 100 ©

Business Tower Sec 54, Sun City, Golf Office 8,500-9,500 h g i r y

Course Road p o C Table: commercial upcoming projects in Gurgaon

22,000 Minimum Maximum 20,000 18,000 m m o o .

16,000 c t c . . f l l

a . a c . c i q i t t t s 14,000 200 f r r

e r . e V e q V y s y p t

12,000 175 r r r e e e e t p p p a o

o r r r

10,000 s 150 P P

e R

. . e 7 N 7 I p 0 8,000 0 125 u 0 0 r 2

n © ©

6,000 100 e t t R h h g g i i r 4,000 r 75 y y p p o o C C Navkriti Time Tower Gurgaon Raheja Business Ambi Omaxe Omaxe Omaxe Ambi Arcade Dreamz Mall Tower Corporate Plaza House Wedding Mall Tower Mall Commercial upcoming projects Commercial upcoming projects

PAGE7 propertyvertical.com Upcoming2007 Projects

RESIDENTIAL UPCOMING PROJECTS Categorised into A, B and C

Project Location Type Rate “ The demand for (Rs/ sq ft.) residential land is on DLF The Belaire Near Golf Course 3 and 4 BR 7,250-7,500 decline due to factors like Apartments m

o very limited availability, c . DLF Park Place Ph-V DLF City 6,250 l a c

i exorbitant rates, hassle t r Parsvnath Exotica Sec 53 3 and 4 BR 5,980-6,500 e V

y of construction, and Apartments t r e

p obtaining clearance from o r

Parsvnath Green Ville Sohna Road 6,000-6,750 P

7 several government 0

Emaar-MGF The Palm Springs Golf Course Apartments 6,315 0 2

departments for ©

La Lagoon Golf Course Road 4 and 5 BR 6,000 t h construction, etc. g

Apartments i r y

p The demand for 3 BR and o C Table: residential upcoming projects in Gurgaon - Category A 4 BR flats/apartments is more than the residential plots.” m o

8,000 c . l

Minimum Maximum a c i

7,500 t r e . V t y f t

. 7,000 r q e s p

o r r

e 6,500 P p .

7 e t 6,000 0 0 a r 2

R ©

5,500 N t I h g i 5,000 r y p o C The Belaire DLF Park Parsvnath Parsvnath Palm La lagoon Place Exotica Green Villa Springs

Category A residential upcoming projects

PAGE8 propertyvertical.com Upcoming2007 Projects

Category B Projects

Project Location Type Rate “ The residential rentals (Rs/ sq ft.) in Gurgaon have DLF The Icon Ph-V, DLF City 3 and 4 BR 4,700-4,800 appreciated by around Apartments 10-15%. and the DLF The Royalton Tower Sector Road Ph-V 5,000 commercial rentals have DLF The Pinnacle Near DLF Golf and Country Club 5,500-5,600 also appreciated by at DLF The Summit Ph-V DLF city 4,700-4,800 least 20% in the last six BPTP Park Life Sec 57, Sohna Road 2 and 3 BR 4,100 months.” Apartments m o

Central Park Estates Sohna Road 3 and 4 BR 5,750 c . l

Apartments a c i t r e

Unitech Escape Sec 56, Nirvana Country Apartments 4,400-4,600 V y t r e p

Unitech Harmony Sec 56,Nirvana Country 4,400-4,600 o r P

. 7

Vatika City Sector Road 2 BR 4,000-4,500 0 0 2

Vatika Sovereign Apartments 5,250 t h g i r

Atlantis On NH-8 Sec 31 and 32 Apartments 6,000 y p o C Table: residential upcoming projects in Gurgaon - Category B

Minimum Maximum 6,000 5,750 m o

5,500 c . l a . c t i f t

. 5,250 r e q s V

y r t r e 5,000 e p

p e o r t 4,750 P a r .

7 R 4,500 0 N 0 I 2

4,250 t h g i r

4,000 y p o C DLF Icon Royalton DLF DLF BPTP Central Unitech Unitech Vatika Vatika Atlantis Tower Pinnacle Summit Park Life Park Escape Harmony City Sovereign Estates Apartments Category B residential upcoming projects

PAGE9 propertyvertical.com Upcoming2007 Projects

Category C Projects

Project Location Type Rate “ High prices of (Rs/ sq ft.) apartments/flats, hence, Omaxe Nile Sector 49, Sohna Road 3 and 4 BR 3,200-3,500 lower demand has caused Apartments m

o inventory to rise as new c . Unitech Fresco Sec 56, Nirvana country Apartments 3,300-3,500 l a c

i development continues t r

Delight Splendours Sec 57 3 BR Apartments 3,300-3,400 e V

y to add new products in t r e

Vatika Township On NH-8, 15 kms from Row Housing 2,300 p the market. But for the o Pajiv Chowk Project, Apartments r P

. lower segment of 7 0

Bestech Parkview II Sohna Road Apartments 3,200-3,300 0 2

apartments ranging ©

Bestech Parkview III Palam Vihar Apartments 2,900-3,000 t

h between Rs 3,000 to Rs g i r y

Executive Floors II Palam Vihar Apartments 3,200 p 4,000/ sq ft, o C Table: residential upcoming projects in Gurgaon - Category C there is considerable demand and thus good sales.”

3,800 Minimum Maximum 3,600 m o

3,400 c . l a . t c i f t . 3,200 r q e s V

y r t e

3,000 r e p

p e o t 2,800 r P a r .

7 R 2,600 0 N 0 I 2

2,400 t h g i 2,200 r y p o C Omaxe Unitech Delight Vatika Bestech Bestech Executive Nile Fresco Splendours Township Parkview II Parkview III Floors II

Category C residential upcoming projects

PAGE10 propertyvertical.com Upcoming2007 Projects

Residential Upcoming Projects- Summarised

Rate Rate Project Location Type (Rs/ sq ft.) Project Location Type (Rs/ sq ft.) Omaxe Nile Sector 49, Sohna Road 3 and 4 BR 3,200-3,500 Golden villas Sushant Lok I Duplex Villas Apartments Orchid Square 300 sq y 38** 500 sq y 46.15** DLF 3 and 4 BR 1000 sq y 72** Apartments 1300 sq y 1.25*** i) The Icon Ph-V, DLF City 4,700-4,800 Caitriona Seven Star On Nh-8 Condominiums 10,000-11,000 ii) The Royalton Tower Sector Road Ph-V 5,000 Emaar-MGF Golf Course Apartments 6,315 iii) The Pinnacle Near DLF Golf 5,500-5,600 The Palm Springs Villas 2-5*** and Country Club

iv) The Summit Ph-V DLF city 4,700-4,800 *INR/ sq yard v) The Belaire Near Golf Course 7,250-7,500 **INR in lakhs *** INR in Crores vi) Park Place Ph-V DLF City 6,250 Parsvnath 3 and 4 BR Apartments i) Exotica Sec 53 5,980-6,500 ii) Green Ville Sohna Road 6,000-6,750 “ In the coming year around 5000 to BPTP Park Life Sec 57, Sohna Road 2 and 3 BR 4,100 Apartments 10,000 flats would be ready to move in Central Park Estates Sohna Road 3 and 4 BR 5,750 Gurgaon alone.” Apartments Unitech Apartments i) Escape Sec 56, Nirvana Country 4,400-4,600 ii) Harmony Sec 56,Nirvana Country 4,400-4,600 iii) Fresco Sec 56, Nirvana country 3,300-3,500 Delight Splendours Sec 57 3 BR Apartments 3,300-3,400 Unitech Apartments i) Vatika Township On NH-8, 15 kms Row Housing 2,300 from Pajiv Chowk Project Plots 18,000-20,000* ii) Vatika City Sector Road 2 BR 4,000-4,500 iii) Sovereign Apartments 5,250 Bestech Group Apartments i) Parkview I Sohna Road 3,600-3,700 ii) Parkview II Sohna Road 3,200-3,300 m iii) Parkview III Palam Vihar 2,900-3,000 o c . l a c i

Executive Floors II Palam Vihar Apartments 3,200 t r e V y t

M2K Aura Sec 47, Mayfield Gardens G+2 Independent First Floor r e

Floors 52.80** p o r

Second Floor P

54.45** 7 0 0 2 Atlantis On NH-8 Sec 31 and 32 Apartments 6,000 ©

t h g The Palladians Mayfiels Gardens, G+2 Independent First Floor 51** i r y

Sec 47 and 50 Floors Second floor p o

52** C

PAGE11 propertyvertical.com Upcoming2007 Projects

New Developments Bhiwadi Rate As the real estate prices shooting through the roof in Delhi Project Type Area (BSP in INR) and places like Gurgaon and Noida, the focus is now shifting Camellia Gardens Estate VILLAS towards distant and suburbs of NCR. Cities like Manesar, M Tech Developers Pvt. Ltd. 3 BR 2000 sq.ft. Rs 55 lakhs 4 BR 3500 sq. ft. Rs 85 lakhs Bhiwadi, Dhaurhera, Rudrapur and Neemrana are hot 5 BR 5000 sq.ft. Rs 1.25 crores destinations for industrial as well as real estate developers M Tech Heights Apartments Rs 1575/sq. ft. M Tech Developers Pvt. Ltd. 2 BR 1200 sq. ft. and have witnessed enormous development through both 3 BR 1500 sq. ft. 4 BR 1900 sq. ft. public and private participation. M Tech Camellia Garden I Apartments Rs 1695/sq.ft.

M Tech Developers Pvt. Ltd. 2 BR 1200 sq.ft. m o c

Bhiwadi 3 BR 1500 sq. ft. . l a

4 BR 1900 sq.ft. c i t r e V

The next happening place in terms of real estate and an M Tech Camellia Garden II Plots 160, 200, Rs 4750/sq.yds. y t r

M Tech Developers Pvt. Ltd. 300, 500 sq yds e p

upcoming industrial town after Gurgaon, Bhiwadi, is o r P

Dreamland Promoters and Apartments Rs 1410/sq.ft. . situated in Rajasthan. It is approximate 30 kms from 7 Consultants Pvt. Ltd. 2 BR 1200 sq.ft. 0 0

Hill View Garden Apartments Rs 1450/sq.ft. h g location, Bhiwadi is attracting a large number of industrialists i Trehan Home Developers 2 BR 1100 sq.ft. r y

3 BR 1350 sq. ft. p not only from Delhi but also from other parts of India. Some o C of the major industries are Gillette, Kajaria, Bosch & Lomb, Table: residential upcoming projects in Bhiwadi Tata BlueScope Steel Limited and Hero Honda. Parsvnath is planning to open a 14 hotels chain across India including Rudrapur Bhiwadi. It is surrounded by a number of towns like Project Type Area Rate Chaupanki, Kushkhera, Dharuhera, Bawal and Manesar. (BSP in INR) Bhiwadi forms a part of the Regional Plan 2001 for NCR and SagaRise Villas m

Samag Construction Ltd. 1150 sq ft. Rs 25 lakhs o c . has acquired the status of a Priority Town/Regional Centre l

1600 sq ft. Rs 37 lakhs a c i

2200 sq ft. Rs 52 lakhs t r of NCR. Also seeing the huge industrial influx in Bhiwadi, the e V y t

Plots 250 sq yards Rs 5500/ sq yds r government has developed the basic infrastructure to e 350 sq yards p o r P

sustain the housing needs of the people. .

Garden City Apartments Rs. 1550/ sq ft 7 0

4 BR 1500 sq ft t

Rudrapur h g i r y

Plots 200 sq yds Rs.6000/ sq yds p o

With the arrival of business giants like Tata, Bajaj, Honda, C escorts, Nestle, Britannia, Dabur, Parle, Voltas, Jindals, HCL Table: residential upcoming projects in Rudrapur Kores, Mahindra and Mahindra in Rudrapur, the city is set for huge development. The government's decision to declare Rudrapur as a tax-free zone for the next ten years only Neemrana m o c .

Rate l reinforces the fact that there is immense potential in this city. Project Type Area a c (BSP in INR) i t r e V y t

Camellia Valley Villas r e

M Tech Developers Pvt. Ltd. 3 BR 1800 sq.ft. Rs.1250/sq.ft. p o 2500 sq.ft. Rs.1250/sq.ft. r P

“ With major infrastructure . 7 0

Plots 160, 200, 300, Rs. 3500/sq.yds. 0

Pal Infrastructure Ltd. Plots 160, 200, 300, Rs. 3750/sq.yds. i r Manesar, Kundli, Bhiwadi, and Sohna 500 sq. yds. y p o Road are proving to be yielding C Table: residential upcoming projects in Neemrana investment opportunities.” PAGE12 propertyvertical.com Upcoming2007 Projects

Manesar Plots m o

6,000 c . With skyrocketing real estate prices and most of the land in l a c i d 5,500 t r r e Gurgaon and Noida being taken up already, developers are a y V

y . 5,000 t r q e now looking for new options in Manesar both for residential s

p r o e 4,500 r P p

and commercial projects. Manesar is 50 kms away from . e 7 t 0 a 4,000 0 r

Delhi on the Jaipur Highway, land prices have increased by 2 t

o l ©

3,500 p t

100% over the last one year and definite appreciation is h R g i r N

I 3,000 y

expected in the future too. p o C Camellia Camellia Pal Infrastructure Saga Rise Golden City HSIDC has acquired 1736 acres land at Manesar to set up Gardens II Valley Ltd. Bhiwadi Neemrana Rudrapur the Industrial Model Township, IMT. Over 250 acres of land is reserved for Industrial housing for those who ill set up upcoming projects industrial units at IMT. Industrial giants like Maruti, Hero Honda, Escorts, Denso, Norcool, Mitsubishi, Videocon, Motoraola, Johnson Matthey, Sony, etc are operational here. Villas m o c . l a c SEZ is going to come up near NH-8 in Gurgaon which i 150 t r e

5 BR V y s would extend to proposed Kundli-Manesar-Palwal t

125 r h e k p a l o expressway set up by Reliance Industries Ltd in a 25,000 100 r R 4 BR P

. N I 7

acre area. A nine-hole golf course with a club house and a 0

n 75 0 i 3 BR

B 50 t

3 BR h g

3 BR i top company executives. The other unique aspect of 25 r y p o

Manesar is the simultaneous development of residential C Camellia Gardens Camellia Valley Saga Rise complexes for both executive and non-executive staff. Estate Bhiwadi Neemrana Rudrapur upcoming projects This has clearly outlined Manesar's potential as an upcoming hub of commercial and IT & ITeS activities. Most of commercial activity is currently concentrated within the suburban locations of Gurgaon. Apartments m o c . l a c Dharuhera i 1,800 t r . e t V f . Rate y t

q 1,700 Location Project Residential Space r s e

(BSP in INR) r p e o

1,600 r p P

1200 sq.ft.

. Dharuhera M Tech Developers 1200 sq ft Rs 1550/ sq ft. R 1500 sq.ft. 7 N 0 Pvt. Ltd. 1500 sq ft Rs 1500/ sq ft. I 1,500

0 n 2 i

1,400 S Table: residential upcoming projects t h B g Copyright © 2007. PropertyVertical.com i 1,300 r y p o C Location Project Commercial Space Rate Camellia M.Tech Dreamland Hill View M.Tech Garden (BSP in INR) Gardens heights Promoters Garden Developers City Estate & Consultants Dharuhera Rudrapur Manesar EROS Corporate Park G.F. Rs 17500/ sq ft. EROS Group 1st F. Rs 11000/ sq ft. 2nd F. Rs 8500/ sq ft. Bhiwadi 3rd 7th F. Rs 7500/ sq ft. upcoming projects

Source of Information Our Addresses

! Builders/Developers in Gurgaon US Office: ! Property Dealers in Gurgaon 115 Broadway, Suit 1304 ! www.propertyvertical.com New York, NY, 10006 Toll Free: 888-276-4064

About PropertyVertical.com Delhi Office: PropertyVertical.com is a move towards synchronization of #155, Level 2, Lane-4, comprehensive range of real estate services covering sale, Mahipalpur Ext. New Delhi- 37, India purchase, rent, lease to advisory services and transaction Phone: +91-11-55094144 management of residential, commercial, land, hotels, etc. in any part of India. With an extensive database, latest updated information, authentic and reliable research analysis, 24X7 Chandigarh Office: customer support, maximum number of genuine interested SCO - 58 & 59, Level 2, Sector 34 A, buyers as well as the NRI clients, has certainly increased our Chandigarh, India. credibility in the real estate market. Ph:0172-5017354, 5088814

Our presence in US, Delhi and Chandigarh helps us to cater to a wide range of customers both national and international. For the ease of our clients, the technical support team continuously updates and enhances the website. Assistance from trained, skilled and dedicated team working around the clock provides sale/purchase/investing solutions to the clients. Also the presence of dedicated research team and advisory council offers an in depth information and advisory services.

Disclaimer

All material presented in this report is intended for information purposes only and has been compiled from sources deemed to be reliable. Though information is believed to be correct, it may be subject to errors, omissions, changes or withdrawal without notice. Property Vertical does not warrant or assume any legal liability or responsibility for the accuracy and completeness of any information.

Copyrights 2006 Online Real Estate Pvt Ltd.

For more information of this report please visit www.propertyvertical.com.

Email report author Ritu Sharma at [email protected] with questions or comments.

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