Tag Archives: Gurgaon real estate

Even though Noida and Gurgaon are oversaturated, Faridabad’s luxury home market is expanding

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Gaining momentum quickly, Faridabad is emerging as a leading destination for upscale residential development thanks to its improved connectivity and growing infrastructure.  

Because of its affordable luxury housing, the residential luxury market in Faridabad presents a strong alternative to the more established upscale markets in the National Capital Region (NCR) of Noida and Gurgaon. Faridabad offers an opportunity for both affordability and growth, in contrast to the oversaturated markets of Gurgaon and Noida, where exorbitant prices make it difficult to find spacious flats within a gated and well-maintained society for even INR 1 crore. 

On the Delhi-Mathura Road lies Faridabad, one of the oldest industrial suburbs of Delhi. One of the most sought-after places to live has always been the city. However, the action moved to Gurgaon and Noida as real estate development hotspots because of improving connectivity and growing infrastructure.

After Ghaziabad, Faridabad is the oldest residential suburb of Delhi. It is home to numerous large corporations, medium- and small-sized businesses, and large-scale industries, particularly in the manufacturing sector, which has spurred the growth of the real estate market. 

Recent initiatives to enhance the city’s connectivity and infrastructure have also raised the value of the Faridabad brand, particularly in the Greater Faridabad area, also referred to as Neharpar Faridabad. Road construction in the recent past has not only accelerated traffic but also Gurgaon, Noida, Greater Noida, and the Yamuna Expressway.  

The prospects for Faridabad have also improved with the construction of the Faridabad-Noida-Ghaziabad (FNG) Expressway. The 135-kilometer Eastern Peripheral Expressway (EPE), which runs along Delhi’s eastern edge, has also contributed to Faridabad’s residential appeal. Faridabad’s appeal has also been increased by the KGP Expressway, which links Kundli, Ghaziabad, and Palwal at Manjhawli as part of the recently created Comprehensive Mobility Plan (CMP). Important developments include the construction of the Manjhawali Bridge and the 1380-km Delhi Mumbai Expressway, which connects urban centers in Delhi through the Delhi-Faridabad-Sohna section of the corridor and has a spur to Jewar Airport. Through these projects, the distance between Noida, Greater Noida, Faridabad, and Greater Faridabad has decreased and the city’s connection to Jewar Airport has improved, giving Faridabad a fresh appeal. 

Because of its affordability without sacrificing amenities, Faridabad has been drawing in an increasing number of premium and higher-income homebuyers and investors. For example, a larger luxury apartment in Faridabad can be had for prices comparable to those in Noida and Gurgaon–roughly 1.2 to 1.5 times larger. Faridabad has seen a notable price rise, caused by infrastructural improvements and the growing demand for upscale amenities and luxury housing. 

Furthermore, the city’s infamous traffic bottlenecks have been lessened by upgrades to the road system. Because of these developments, Faridabad has become more appealing, drawing attention away from Noida and Gurgaon and inspiring forward-thinking real estate developers to build luxurious residential complexes with cutting-edge amenities. 

In the last three to four years, the cost of a square foot has nearly doubled in Gurgaon and Noida; in contrast, Faridabad offers spacious properties at lower prices, with the possibility of a price increase shortly. Property appreciation rates in Gurgaon and Noida are predicted to slow down as they have already peaked, offering a special opportunity to invest in the Faridabad region are also expected to rise by as much as 40% after the Faridabad-Jewar expressway is completed. Developers are now concentrating on Greater Faridabad for new luxury residential projects, as most of Faridabad’s upscale sectors are nearly completely occupied. 

Faridabad’s ascent in the Kearney Index, which evaluates the performance of India’s top 20 cities according to several retail metrics, has been another significant factor. Faridabad significantly improved from its 2021 ranking to occupy 13th place in the nation in 2023. This rise indicated a change the city was going through in addition to showcasing its prowess in retail, improved ease of doing business, presence of power brands, and growing population. The information is encouraging for Faridabad’s upscale and luxurious housing projects. A notable change in the dynamics of the city is indicated by the rising population and power brands drawn to this progress. This shows a trend in the right direction for the growth of Faridabad’s upscale and luxurious housing developments. 

TCG Real Estate receives funding of Rs 714 crore from SBI for the World Trade Center project in Gurgaon

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TCG Real Estate has secured funding of Rs 714 crore from the State Bank of India to develop the World Trade Center project in Gurgaon. The project has a leasable area of about 1 million square feet, according to documents obtained by CRE Matrix, a real estate data analytics firm.  

According to the documents, Energetic Construction Pvt. Ltd, promoted by TCG Urban Infrastructure Holding Pvt. Ltd, has secured funding from SBI. 

According to the documents, the funding was secured through a 72-month loan with a 9.6% annual interest rate. 

The hypothecation deed was registered on March 28, 2024. Energetic Construction Private Limited signed this document in favor of SBICAP Trustee Company. 

Over the years, TCG and its subsidiary acquired 7.94 acres of land in Gurgaon. “The borrower now purposes to undertake the project with mixed-use development comprising office space and high street retail in the name of World Trade Center, Gurgaon located on NH8,” according to the documents. 

The property is off NH8 on Sohna Road in Gurgaon.

According to the documents, the project will consist of four towers: two office towers covering 9.4 lakh sq ft and two retail towers covering 72, 407 sq ft each. 

According to documents, the project has an estimated cost of 1211.86 crore. 

According to the documents, the company requested financial assistance from SBI to fund the project in part. The lender agreed to provide a rupee term loan with a maximum principal amount of Rs 714 crore based on the borrower’s representations and warranties. 

Emails have been sent to both TCG Real Estate and SBI. 

Gurgaon’s Signature Global real estate developer will deliver 17 million square feet by the end of FY 26

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These units, launched in Gurgaon and Sohna in 2021-2022, are all in the mid-segment and affordable category. The revenue recognition for these projects is Rs 11,000 crore. 

According to a top company executive who spoke to Moneycontrol, listed real estate developer Signature Global will finish and deliver over 17 million square feet of space in its 28 distinct projects across the Gurgaon and Sohna regions by the financial year 2025-2026 with potential revenue of Rs 11,000 crore. These will all be affordable, mid-segment units that will go on sale in 2021-2022. 

According to Signature Global’s Chairman and Whole-Time Director, Pradeep Aggarwal, these initiatives are underway in Gurgaon and nearby suburbs like Sohna.  

“By FY 2025-2026, we hope to deliver and finish these 17 million square foot projects. The revenue recognition for these projects is Rs 11,000 crore. We plan to begin completing these projects in 2025. According to Aggarwal, Moneycontrol, “The projects are a mix of mid-segment and affordable categories in a ratio of 70:30.”

According to him, the mid-income segment apartments at Signature Global start at Rs 1 crore, while the affordable category flats begin at Rs 25-30 lakh.

Twenty-eight projects -23 residential and five commercial and retail — are scheduled for completion by 2026, according to data provided by Signature Global. Of the twenty-three housing projects, eight are in the Gurgaon mid-income category, six are in the Sohna mid-income category, and nine are in the affordable segment.

218.5 acres of land in Sohna and Gurgaon are part of the overall development. These projects will likely require a total investment between Rs 7,500 and Rs 8,000 crore.

In addition, Signature Global intends to introduce new projects with a top line of between Rs 10,000 and Rs 12,000 crore in the upcoming fiscal year and 10 million square feet of saleable space. Agarwal says the company will develop ten million square feet of land in the next fiscal year.

“The new launches will comprise three projects, which will come up in Gurgaon sectors 71, 84, and Sohna region of the district. These will be premium projects with a ticket size starting from around Rs 3 crore,” he said.  

According to Aggarwal, these projects will require an investment of about Rs 6,500 crore, including the cost of the land, with an estimated top line of about Rs 12,000 crore. 

In an attempt to raise Rs 730 crore, Signature Global successfully conducted its first public offering in September 2023. 11.88 times as many shares as there were in the public offering, which included an Offer for Sale (OFS) for Rs 1277 crore and a new issue of shares valued at Rs 603 crore.

Signature Global has supplied ana rea of 6.7 million square feet through December 2023. In addition to the 16.9 million square feet it is now developing, there are another 28.4 million square feet of potential saleable space in the works.

Due to increased revenue, the real estate company reported a combined net profit of Rs 2.17 crore for the quarter that ended in December. During the comparable period in 2017, the company reported a net loss of Rs 44.89 crore.  

Gurugram real estate prices after the opening of the Dwarka Expressway

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One of Gurgram’s primary residential hubs is now the Dwarka Expressway. Plans call for constructing upscale residential structures alongside business and retail ventures. 

On March 11, Prime Minister Narendra Modi officially opened the Haryana section of the Dwarka Expressway. It will improve traffic flow and lessen congestion on NH-48 between Delhi and Gurugram. Real estate experts say the Dwarka Expressway in Gurgram has become a significant residential hub. Plans call for the opening of commercial and retail buildings in addition to upscale residential properties. With the expressway now operational, housing prices should also gradually increase. 

At an approximate cost of Rs 4,100 core, the 10.2-km Delhi-Haryana Border to Basil Rail-over-Bridge (ROB) and the 8.7-km Basai ROB to Kherki Daula compromise the two packages of the Dwarka Expressway’s Haryana segment.  

I will offer direct access to the Gurugram Bypass and Delhi’s IGI Airport. A backup connection between Delhi and Gurgaon has to help ease traffic congestion. 

Residential clusters are starting to appear alongside the Dwarka Expressway.

The Dwarka Expressway has enhanced connectivity between Delhi and Gurgram and allowed the growth of residential clusters alongside it, according to a JLL analysis. The region’s transition into a priority development zone is the primary driver of the cluster’s overall growth. 

In 2023, 12,409 residential units were sold in this submarket, making up 66% of all sales in Gurgaon. In comparison to 2022, sales increased by 67%. The incredible value of these residencies was Rs 25,000 crore. 97% of these 12,409 units were still in construction when they arrived for sale. According to the JLL analysis, customer confidence in these under-construction projects is rising with their timely completion. 

The new hub for upscale debuts in Delhi NCR is the Dwarka Expressway-New Gurgaon cluster. This submarket was home to 11,270 dwelling units in total in 2023, accounting for 69% of Gurgaon’s total launches. According to the analysis, 4,231 units went on sale in 2022, a 166% increase over the previous year. 

Notably, this submarket is also seeing the launch of high-end projects. Up to 38% of the new launches in this cluster had a budget of at least Rs 2.5 crore. 

A few project launches saw all of their sales within a few days of their launch, and the launches received demand, according to Samantak Das, Chief Economist and Head of Research at REIS, India, JLL. 

Since CY2022, real estate developers have spent over Rs 3,100 crore purchasing roughly 175 acres of land in this submarket over 17 different transitions.

Since 2022, real estate developers have purchased about 175 acres of land in this submarket through 17 transactions totaling more than Rs 3,100 crores. Ritesh Mehta, Senior Director and Head (North and West), Residential Services and Developer Initiative, JLL India, stated that in addition to outright purchases, developers have signed JDAs/JVs for over 30 acres in this submarket to develop real estate projects in the past year. 

In 2023, this cluster saw the construction of over 11,000 housing units. In this submarket, 29,742 units are presently under construction. RRemarkably, 13, 476 (45%) of the projects listed as still in progress should be completed by 2024. 

The average capital value of the submarket increased by 15% from 2022 to Rs 10,000 per square foot in 2023. A more equitable price increase could happen as more products arrive in each submarket category. According to the JLL analysis, new phases of earlier projects are entering at higher prices due to the strong demand from buyers. 

“Even though the project missed a lot of deadlines, the better infrastructure in and around the area as of today will undoubtedly improve the real estate prospects of the region. In the meantime, more than 10,515 housing units in the area will get ready for occupancy, according to Santosh Kumar, vice chairman of ANAROCK Group. 

Effect on pricing and demand 

End users’ demand has increased due to improved connectivity from Dwarka and other areas of West Delhi. Most of these buyers want to move into apartments with modern amenities, like assigned parking spaces, to raise their quality of life. 

From 2013 to 2023, almost 53,030 units in a range of price points were introduced here, according to ANAROCK Research. Between 2020 and 2023, the average price of real estate in the area increased by a substantial 41%, from Rs 5,890 per square foot in 2020 to almost Rs 8,300 in 2023. Now that the Expressway is starting to operate, this may continue north. 

The project will completely transform Delhi to Gurgaon connectivity. In addition to cutting down on travel time, the expressway’s route through important locations like Harsaru, Pataudi Road, Farrukhnagar, and several Gurgram sectors will help to boost demand for real estate in recently developed areas, which has dropped because of poor accessibility. 

“This groundbreaking connection between Indira Gandhi International Airport and Dwarka Sector 21 is evidence of the government’s dedication to improving the quality of life for its citizens and promoting development in the surrounding area,” stated Mudassir Zaidi, Executive Director– North at Knight Frank India. 

The founder and CEO of Simplease, Gundeep, notes that property values along the Dwarka Expressway have increased. Going forward, new launches for major developers should cost more than Rs 20,000 per square foot. 

Recent months have seen a spike in the area’s real estate prices due to demand from Delhi. “Due to the area’s proximity to the capital, several individuals from Dwarka and particular parts of South Delhi are considering moving there. He claims that local residential developments’ amenities and lifestyles appeal to buyers. 

According to Pradeep Mishra, the founder of Homents and an expert in real estate, the Dwarka Expressway’s opening will facilitate access to the area and encourage more end users to buy property along the belt. 

The History 

Brokering properties in the market since 2011, Mishra says most of the developments launched along the stretch back in 2011 have prices between Rs 2500 and Rs 2700 per square foot. In 2012, these went up to about Rs 3,500 per square foot. At the close of 2013, a few developers entered the market with projects priced between Rs 6000 and Rs 7000 per square foot. After COVID-19, prices only marginally increased to Rs 7500 per square foot, with the focus being on unsold inventory. 

The news that the road would eventually open affected 2022-2023 real estate prices, with almost all new projects starting at about Rs 10,000 per square foot. Future releases are anticipated in the market, primarily in the luxury segment, pierced between Rs 18,000 and Rs 19,000 per square foot thanks to improved connectivity. According to him, the price per square foot of housing units in the secondary market is between Rs 13,000 and Rs 15,000. 

“Recently, the market has seen a rise in interest from buyers from West and South Delhi who wish to relocate to apartment buildings with contemporary features and assigned parking spaces. Non-resident Indians have also invested in projects along Dwarka Expressway,” he said.

According to Vineet Chellani, CEO and founder of Asset Deals, property values have increased in the market during the last four years. Buyers are end users who sold their South and West Delhi properties and moved into apartments with modern amenities. He thinks that prices in the area are likely to go up further. He predicted that “commercial properties too will witness increased traction going forward.”

The residential segments along the belt have seen a significant price increase, particularly in the premium and luxury segments, according to CBRE India. Luxury project prices (above Rs 4 crore) increased from 12% in 2022 to 26% in 2023. In 2022 and 2023, prices in the premium segment
(Rs 2 crore and Rs 4 crore) rose by 19% and 34%, respectively. The cost of projects in the mid-segment (Rs 45 lakh to Rs 1 crore) increased from Rs 10% in 2022 to 12% in 2023.

Are you thinking of renting an apartment? 

The cost of a 1500-1800 square foot apartment in a gated community near the Dwarka Expressway can range from Rs 30,000 to Rs 40,000 per month for a 3BHK unit. A 2 BHK has a marginally lower rent. According to him, the monthly rental costs of 4BHK apartments range from Rs 45,000 to Rs 50,000, while villas cost between Rs 1 lakh and Rs 1.5 lakh. Along the belt, there are also a few studio options accessible, claims Mishra.  

Unsold stock 

The Dwarka Expressway will undoubtedly change the surrounding real estate market. The ten-year wait for the expressway has already sparked a boom in residential construction, particularly in the areas that connect Delhi and Gurgaon. 

“We are seeing a promising decline in unsold inventory levels in these sectors, from a significant 25-30% 8-10 years ago to a mere 7-8% now,” stated Anshuman Magazine, chairman and CEO of CBRE’s India, South-East Asia, Middle East & Africa. “With the expressway now complete.”

Prospects for the future 

All parties involved in this significant public infrastructure project will profit once the expressway opens. It will also positively affect all kinds of assets. Future developments will include retail and commercial spaces, according to the JLL analysis. 

In the coming years, the belt will see an increase in premium residential properties and commercial and retail developments. In response to the growing demand, developers will continue to buy land parcels to begin new residential developments. It stated that residential launches will pick up steam in all price ranges.  

The Gurugram real estate regulator fines a developer for running deceptive advertising

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The policy is known as the Deen Dayal Awas Yojna (DDJAY) 2016 by the Authority, but the newspaper advertisement captions it as DDJAY 2024, which is “incorrect and misleading.” 

The Real Estate Regulatory Authority (RERA), Gurugram, has fined Yashvi Homes Pvt Ltd Rs 25 lakh for publishing a “misleading advertisement” of a real estate project under the state government scheme, Deen Dayal Jan Awas Yojna (DDJAY) 2016, in a mainstream daily. 

In a suo motu ruling, RERA Gurugram described the advertisement as “completely misleading.” Yashvi Homes is developing Golden Gate Residency, a residential project in Sector 3, Farukhnagar, Gurugram, under the DDJAY scheme. 

The policy is known as the Deen Dayal Awas Yojna (DDJAY) 2016, as per the Authority, but the newspaper advertisement captions it as DDJAY 2024, which is “incorrect and misleading.” 

The Authority stated that the promoter failed to supply the required project registration number and website address.

By Section 11(2) of the RERA Act of 2016, the promoter must prominently display the Authority’s web address in any advertisement or prospectus that it publishes. This website should contain all the information about the registered project that needs to be entered correctly, including the RERA registration number. 

The Authority spokesperson said, “The amenities promised in the advertisement do not correspond with the project’s approved layout plan submitted by the promoter at the time of registration does not include provisions for amenities like a school, clubhouse, swimming pool, badminton court, half basketball court, among others.” 

According to a spokesperson for the Authority, real estate promoters face legal action if they continue to use “misleading advertisements.” 

Four real estate markets in 2024 where you might want to invest

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By 2024, new highways, airports, and metro lines will significantly impact housing demand. Infrastructural developments will continue to dominate in 2024 and influence housing trends. The success of the residential and commercial real estate sectors will probably be determined by the construction of new metro connectors, motorways, and airports, whether they are currently operating or not. 

In the influence zones, the upcoming infrastructure renovation will boost residential activity. The capital value of the catchment areas along the project corridors will likely increase significantly, drawing in both investors and end users. 

According to Colliers India CEO Badal Yagnik, “peripheral areas will become integrated with central and suburban areas as infrastructure projects get completed throughout 2024, resulting in homogenization of activity across key residential pockets of respective cities.”

It is also probable that real estate developers will branch out into new areas. 

Organized residential real estate is well-positioned to enter the next phase of growth in markets such as Vadodara, Nashik, Lucknow, Jaipur, Chandigarh, Coimbatore, Mysore, Kochi, Indore, Bhubaneshwar, and Guwahati. It is due to unrealized potential and growing preference for comprehensive offerings in gated communities of tier 2 and 3 markets. 

The cities with more upside potential than Tier 1 cities will attract more and more investors seeking residential real estate. In addition to the outskirts of large towns, developers will likely add high-quality supply to these emerging markets, according to Yagnik.  

Homebuyers and investors should be aware of these markets. 

Gurgaon

Those looking to buy real estate in Gurgaon near the Dwarka Expressway might find it interesting. 

New sectors by the Dwarka Expressway in Gurgaon include 113, 112, 111, 110, 109, 108, 107, 106, 104, 103, 102, 99, 88B, 37D, 36A, and 36B. With an extension to the Dwarka Expressway close to Sectors 101-104, the metro line will eventually link the old and new Gurgaon by the Union Cabinet in 2023. 

Along this stretch, there are several upscale and mid-range housing complexes. Local brokers claim that property rates in the area vary from Rs 8000 to Rs 20,000 per square foot, depending on the project and location. Rentals in the area start at Rs 20,000 per month. 

The international real estate consulting company Savills India reported. Over the past five years, the average capital values of completed and under-construction properties have peaked, with 36% and 25% YoY growth recorded at the city level in Gurgaon, respectively. The average capital value of both completed and under-construction properties increased by 12% to 45% year over year.  

New Gurugram and Dwarka Expressway were the top-performing micro markets, with annual growth of 45% and 21% in average capital values of under-construction properties, respectively.  

Noida 

Sector 150, Greater Noida West, and a few residential areas along the Yamuna Expressway that are reasonably close to the future Noida International Airport are some of the most well-known markets in Noida. 

In 2024, prospective homeowners and investors also want to look at Greater Noida West or Noida Extension. 

In the area, the price range for a 2BHK unit is Rs 60 lakh to Rs 80 lakh, while a 3BHK unit can cost over a crore. Depending on the size and location, monthly rentals for two-bedroom housing units can cost anywhere from Rs 15,000 to Rs 20,000, while 3BHK apartments can cost anywhere from Rs 17,000 to Rs 25,000. According to local brokers with ties to the area, there will also be a few serviced apartment developments. 

Mumbai 

The Navi Mumbai Metro, which began service a few months ago, is located in several areas of Mumbai that prospective homeowners and investors might want to look into. 

The route passes through these micro markets, which include Taloja, Pendhar, Kharghar, and Belapur. Most of Taloja’s real estate costs between Rs 6000 and Rs 8000 per square foot on average, and it will continue to increase due to the metro connector. Local brokers state that the starting rent is approximately Rs 10000 per month.  

Ulwe, a posh neighborhood in Navi Mumbai, is another place to be on the lookout. Through this area runs the 22-kilometer Mumbai Trans Harbour Link (MTHL), which links Mumbai and Navi Mumbai. Because of this new infrastructure, capital rates have increased in this area to the point where two-bedroom apartments for more than Rs one crore. According to local brokers, rents can range from Rs 10,000 to Rs 20,000, contingent on the location and type of apartment building. The proposed Navi Mumbai International Airport will impact the property values in the Navi Mumbai area. The proposed Navi Mumbai International Airport will impact the property values in the Navi Mumbai area. 

In 2023, South Mumbai—known for its apartments and bungalows in Malabar Hill, Malabar Hill, and Walkeshwar—closed most of its high-end transactions. In 2024, the trend is going to continue. There are also several redevelopment initiatives in these areas. In addition to K Raheja Corp and Kalpataru, prominent players in the listed real estate market include Lodha and Godrej Properties. Most opulent residential apartments range from Rs 35,000 to Rs 1.50 lakh per square foot. Rents can start from Rs 1 lakh, depending on the property’s location.

The demand for rental properties has risen with the opening of metro lines 2A and seven between Dahisar and Andheri, particularly in the Western Suburbs micro market. According to a Savills India report, the student population traveling by metro to colleges in Andheri and Vile Parle locations created a significant demand for rental properties in Kandivali and Borivali. It led to an 8% YoY increase in rental values. 

Bengaluru

In Bengaluru, the Purple Line went fully operational in 2023. The segment between Whitefield and Kengeri, West Bengaluru, was completed and operational in October. 

Local brokers say properties along this corridor are an ideal investment option for personal use and rental income. 

They claimed that the prices have already increased by 20-30% in places like MG Road, Whitefield, Koramangala, and Indiranagar. 

The sources also suggest that the outskirts of KR Pura and Whitefield might be considered, given their increasing popularity in the wake of the metro’s opening. 

According to a report by Savills India, rental growth in premium residential developments in South and North Bengaluru is the highest, with 6-7% YoY growth. Average city rents increased by 5.8% YoY. 

A high-end residential project in Sector 66- Gurgaon

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Are you trying to find a project in Gurgaon where convenience and luxury coexist? Visit the brand-new housing community, Smart World Edition, in Sector 66, Gurgaon. Here, you can enjoy quick access to Golf Course Extension Road and rejuvenate your living space with a private jacuzzi deck. Continue reading to learn about the costs, project overview, and payment schedule for Smart World The Edition. 

Due to the many benefits of Sector 66’s location, property values there have increased dramatically over the last few years. This sector benefits from excellent connectivity and convenient access to social and retail amenities due to its proximity to Golf Course Extension Road. The demand for real estate in the sector has been rising over the past few years due to several infrastructure developments.

In Sector 66, Gurgaon, several well-known developers have launched residential projects after considering these variables. Smart World Developer’s Edition is one of the most recent additions to the list. By February 2031, the work should have concluded. See the sections below for important project details, including cost, features, floor plan, and neighborhood highlights.

The Edition of Smart World: Project Synopsis 

With 956 apartments total, Smart World The Edition is a luxury housing community located in Sector 66 Gurgaon. It sits on an 11-acre plot of land. Three twin towers, each with 42 floors, comprise the society. Starting at Rs 5 crore, the project offers 3 BHK and 4 BHK apartment options. The registration number of the RERA-registered housing society Smart World Edition is GGM/756/488/2023/100.

You can examine the features that make Smart World Edition a desirable choice for end users below.

USPs of Smart World The Edition

  • Lobby with high ceilings, marble flooring, and chandeliers.
  • Personal jacuzzi Terrace
  • Rooftop infinity pool
  • A club with amenities like a movie lounge and a celebration hall.
  • Two master suites in luxurious homes   

Floor plans and prices for The Smart World Edition

A three-bedroom apartment in Smart World The Edition starts at about Rs 5 crore. On the other hand, the 4 BHK options come with a starting price of Rs 6 crore. These apartments have carpet areas that range from 1600 to 1900 square feet.

Smart World The Edition’s price details 
Setups Highly Congested AreaBeginning Cost 
3 BHK2945 sq ftRs 5.74 crore 
3 BHK 3005 sq ftRs 5.85 crore 
3 BHK 3035 sq ftRs 5.91 crore 
4 BHK 3505 sq ftRs 6.83 crore 
4 BHK 3660 sq ftRs 7.13 crore 

 The Amenities Edition of Smart World 

  The movie lounge, rooftop infinity pool, beach park, and business lounge are vital features that elevate Smart World The Edition’s premium character. In addition, the table below allows you to view additional project amenities:       

The Edition of Amenities in Smart World
Interior Features Exterior Features 
Squash Court Tennis Court 
Celebration Hall Jogging Track
Badminton Court Basketball Court 
Sports BarSkate Park 
Party HallOutdoor Gym
Indoor GymYoga Poda 
Private TheatreKids Play Area

Although Smart World The Edition is a residential project with many must-see amenities, let us 

investigate its location. Examining the property in detail will give potential buyers the assurance they need to make a wise choice.

Gurgaon’s Sector 66: Local Highlights 

Gurgaon’s Sector 66, located along Golf Course Extension Road, is one of the well-connected sectors. Within a six-kilometer radius, business hubs like JMD Megapolis, AIPL Joy Central, M3M Cosmopolitan, and Vipul Trade Center are easily accessible from this location. Therefore, proximity to corporate hubs makes it a preferred end-user hub. The following represents 

the distance between Smart World The Edition in Sector 66, Gurgaon, and important Gurgaon connectivity spots:

  • Two important routes that provide easy access to Sector 66, Gurgaon, are Sohna-Gurgaon Road and Southern Peripheral Road. 
  • Just eight kilometers away from NH-48, which provides drivers heading to Delhi with a satisfying commute. 
  • The distance to Indira Gandhi International Airport via NH-48 is roughly 25 km. 
  • Gurgaon Railway Station, roughly 12 km away and located on the Delhi-Jaipur Line, is the closest train station to Sector 66, Gurgaon

Gurgaon’s Sector 66: Social facilities 

The advantage of Sector 66, Gurgaon, is its strategic proximity to Golf Course Extension Road, which facilitates residents’ easy access to social amenities. The schools, medical facilities, and retail establishments close to Smart World The Edition in Sector 66 Gurgaon are as follows: 

Around Smart World The Edition, social amenities 
Schooling, (within 2-3 km)Hospitals, (2-6 km away)Mall, (2-5 km away)
The DPS International Edge SchoolEkta HospitalOmaxe Celebration Mall
Alpine Convent SchoolPark Medical CenterCity Center Omaxe 
Bharti Shiksha Public SchoolCK Birla HospitalSapphire Mall
Ashoka International SchoolMotherhood HospitalWorldMark Gurgaon
VIBGYOR High SchoolMarengo Asia Hospital Airia Mall

Gurgaon’s Sector 66: Price Trends 

Sector 66 is one of Gurgaon’s most prestigious residential neighborhoods; it starts with 3 BHK apartments and progresses to standalone houses or villas. In Sector 66, Gurgaon, the average cost of a property is Rs 14,750 per square foot. While 3 BHK apartments are the most popular unit type in the area, 4 BHK apartments are also in good supply. The average growth in sector property rates over the previous five years appears in the following table: 

Property Appreciation in Gurgaon’s Sector 66
Present Value The last year’sPast three yearsPast five years
Rs 14,750 per sq ft32%68%69%

Gurgaon’s Sector 66: Potential for Investment 

As a result of the planned infrastructure upgrades, Sector 66 in Gurgaon is one of the most well-liked areas for investments. These initiatives would significantly raise property values and improve the sector’s liveability index. Some other developments that are either planned or currently under construction are as follows:

  • A 2 km distance would connect Sector-66 Gurgaon to the Rapid Metro Line’s Vatika Chowk Station. 
  • Plans to rehabilitate the Southern Peripheral Road with flyovers to reduce traffic and facilitate travel to Sector-66 Gurgaon.
  • Reduce travel time to Faridabad by being close to Vatika Chowk Station on the future Gurgaon-Faridabad Metro Line  

It is reasonable to assume that the real estate price trend in Sector 66, Gurgaon, will continue to rise for at least the next few years due to the projected expansion of infrastructure. Social infrastructure and connectivity are the other potential developments that will benefit the industry. As a result, making investments in the area could eventually help you get returns. 

In light of this, a customer may want to look into Smart World The Edition for end-use and investment purposes. Nonetheless, it is always a good idea to make several site visits to stay informed about how a project is developing.  

2 BHK Fully Furnished Flats in Gurgaon for Rent

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Are you looking to rent a 2-BHK flat in Gurgaon? If yes, then you’re in the right place. Today’s blog is about 2-BHK fully furnished flats for rent in Gurgaon with all the luxury and necessary amenities you require. 

India is moving forward quite rapidly after boarding the development train. India’s economy has exploded lately and is undoubtedly a rising global power. Another thing to consider is the nation’s population, which is rapidly increasing. As a result, there are now lodging issues all over the country. Because everyone’s income is different, no one can afford to buy a home for themselves. Real estate brokers in India have begun to offer rented flats in Gurgaon. 

Gurgaon is the National Capital Region for employment. It increases demand for rental properties in Gurgaon, also known as Gurugram. 

Before renting a flat in Gurgaon, you should be aware of the advantages and disadvantages, as you’ll spend your income there.  

Advantages of renting a 2-BHK fully furnished flat in Gurgaon 

When searching for 2-BHK fully furnished flats in Gurgaon, you must be sure the purchase is worthwhile and will provide you with returns on your investment. The following are some benefits of renting a flat. 

  • No Maintenance- You won’t have to worry about maintenance if you rent a property. Let’s say you’ve rented a fully furnished flat in Gurgaon, and the owner is having trouble keeping it up because you’re paying rent. 
  • Tax Saving- The significant tax burden you face decreases when you lease space. Reputable employers offer an HRA to staff members deemed exempt from income tax. 
  • When you don’t have a permanent address, you can move to your preferred location. You can call or email a real estate agent to learn about every option if you’re looking for a flat for rent in Gurgaon. 

Disadvantages of 2 BHK fully furnished flats for rent in Gurgaon 

  • No equity exists in a rental flat in Gurgaon or another location. You pay rent for the entire period. 
  • Loss of Value- The biggest drawback of renting a place is that the rent you pay represents a loss of value that allows you to purchase a home. 
  • Control of the Owner- When residing in a rented home, you must abide by the landlord’s rules and regulations. For example, if you are looking for rent in Gurgaon, you must follow the owner’s rules and have no authority to change the property. You must utilize the area you are in according to the instructions that came with it. 

The procedure for creating a lease agreement in Gurgaon

Create the rent agreement- It is necessary to formalize the tenancy procedure, draft a sample rent agreement, and reach an oral agreement between the tenant and landlord regarding the upcoming tenancy. The lease agreement shall contain the rental terms, the lease period, the monthly rent, the security deposit, and any other requirements that may apply. It is significant to note that verbal agreements between the tenant and landlord are less formally enforceable if they do not appear in the rent agreement. 

Purchase a relevant non-judicial e-stamp paper- One must purchase e-stamp papers of the necessary value while paying the required stamp duty and registration fees to record the lease contract in the Gurgaon government’s records. In later sections of this article, we’ll talk about Gurgaon’s rent agreements, stamp duty, and registration fees. A tenant and the landlord can buy the stamp papers in person or online. E-stamping vendors sell both physical and electronic stamps. 

Register yourself- Visit the sub-register office in Gurgaon to file a rental agreement. 

What paperwork is required in Gurgaon to register a lease?

  • Duplicates and originals of each party’s identity documents. 
  • Originals and copies of the tenant’s and the landlord’s proofs of residence
  • Demand draft for registration fees
  • And two passport-size images of each the landlord and the tenant. 

(Aadhaar cards, voter ID cards, driver’s licenses, and passports serve as ID cards and legitimate address documents.)

How much does it cost to rent a home in Gurgaon?

The average cost of living in Gurgaon and the cost of renting a home may vary from person to person, but the location of your home will determine your lifestyle and entire monthly budget. The infrastructure and status of Gurgaon, which operates by the Haryana Urban Development Authority (HUDA), are those of a planned city. 

Gurgaon’s neighborhoods are welcoming and modern. Getting to work, though, might be challenging due to Gurgaon’s chaotic public transportation system. Consider buying a home less than 5 km from Gurgaon because of the costs, commute times, and safety risks. 

The best areas of the country reside in Gurgaon. From Rs 10,000 and up, you can find a flat in a respectable gated neighborhood. Finding a place in Sectors 1-24, 14, 31, 40, 45, and 46 would be ideal given your convenience and commute time to work since they are less expensive than a few apartments around Sector 25 onwards. Avoid Sector 65 and the areas beyond the Golf Course Extension because they are lavish and costly. Around Sushant Lok, one can ideally find a good balance of rental trends and neighborhood. Apartments in Sushant Lok have better amenities and facilities than most other apartments, despite being slightly taller. 

Before you settle in 

Inspect the flat 

Take time to thoroughly inspect your new apartment before you pack your belongings and load the truck. If you can, walk through the flat with the owner or landlord to see if any problems need to be solved. Yes, it also includes that broken tap. 

Rental agreement

When you are ready to sign the lease for your apartment, carefully read the entire agreement to prevent unpleasant surprises or additional fees from your landlord. Be sure to read the rent clause, incremental rent clause (if any), repair and damages, maintenance fees, and other charges with care. Ensure that you’ve scoured the agreement for specific details. If not, feel free to ask the owner. 

Social Norms and Regulations 

Every society has laws and requirements to maintain a stress-free living environment. Some cultures might be conservative concerning hosting late-night gatherings, keeping animals, listening to loud music, or inviting guests over frequently. Before moving in, verify all of your questions and doubts are clarified. You can consult the resident’s guide or merely ask your landlord. 

Conclusion 

The time to wrap up the entire house-hunting process is now. Kick back your feet and relax while you take a breath. Keep a positive attitude and continue looking for a home. Gurgaon is undoubtedly India’s most stylish and modern city. Life in Gurgaon is constantly buzzing with energy and opportunities, even though it is unlike life in any other city. You can find 2-BHK fully furnished flat in Gurgaon, whether renting a place.

Power Shortage, Water Scarcity Hit Gurgaon

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Gurgaon, one of the most prominent cities in the NCR, is now facing acute power shortage. Scarcity of water adds multiplies the troubles of the city-residents.

Gurgaon was once considered as one of the most suitable locations in the NCR to live on. Now the recent reports show that the city is affected by various issues like power shortage, water scarcity and other sanitation troubles. Continue reading →

Sahara Grabs another Piece of Bangalore Land for Rs.149 Cr

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With the plan to construct a commercial and hotel project in Bangalore, Sahara has bought a plot here at a price of Rs.149 Cr.

BANGALORE: Even when the group is stepping on hot live-coals spread by the Securities and Exchange Board of India, and the order of Supreme Court, Sahara has no change, no fear. Continue reading →

NCR Residential Market Hit by Delayed Projects

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Delayed projects have hit the NCR residential market. Due to the delay of projects the home sales have dipped in the NCR.

NCR residential market is affected by construction delay.

NCR residential market is affected by construction delay.

DELHI-NCR: The prospective buyers are nailed by delay in projects. As per a recent report by Knight Frank states that new launches in the Delhi-NCR has fallen by 31%. It has adversely affected the NCR residential market.

As per the report, NCR residential market has nearly 1,40,000 unsold inventories. Out of this, over 27% is under construction.

As per the Knight Frank India report the 33,500 units were launched in the second half of 2012-13. This shows a fall of 31%. Global property consultant firm warns that the launches will see slowdown in the coming months too, affecting the largest residential market.

Developers are finding it really hard to complete the projects. The escalating prices of raw materials make construction costlier. This prompts the developers to invest more. Difficulty in finding sufficient fund is thus another reason for delayed projects. Continue reading →

How Gurgaon Outperforms Other NCR Cities

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Gurgaon is without any doubt one of the best property destinations in the Delhi-NCR.

Gurgaon is one of the top realty investment destinations in the NCR.

Gurgaon is one of the top realty investment destinations in the NCR.

GURGAON: There are many hot realty destinations in Delhi-NCR. Noida and Greater Noida, Gurgaon, Ghaziabad, Faridabad, etc. are some of the most popular property destinations in the NCR. However the most popular one among all these hot destinations is Gurgaon.

A recent report by Bank of America Merrill Lynch report stated that home sales in Gurgaon have fallen in the first quarter of 2013. It adds that home sales have picked up across the subcontinent.

Home sales picked up because builders launched new projects in lucrative prices. Discounts were offered. The situation was all the more boosted by the expected rate cut on home loans.

Though home sales in Gurgaon did not pick up, the property prices are not affected. The lower demand for housing units has, in fact, no effect on the home prices. Prices rose during the period by 4 to 5%. Continue reading →

HUDA Discards Time Limit for Construction on Plots

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HUDA has taken away the deadline for finishing minimum construction in the allotted residential and commercial plots.

HUDA takes the time limit for construction on allotted plots.

HUDA takes the time limit for construction on allotted plots.

GURGAON: Haryana Urban Development Authority has taken away the deadline, the time limit, for finishing minimum construction in the allotted residential and commercial plots. Commenting on the new decision of the HUDA, a spokesperson said that there will be no time limit for completing the construction.

As HUDA has taken away the time limit, the allottees will be free to complete construction according to their financial stability. Earlier they were supposed to complete minimum construction within a couple of years from the possession-date.

The HUDA spokesperson added that after 12th year, the expiry period, further extension can be attained by paying the double the rates. However this will not be applicable to the plot sizes which are up to 100 sq. m. or less. Continue reading →

Essel Group to Raise Rs.1000 Cr PERE Fund

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Private Equity wing of Essel Financial Services Ltd plans to launch its first real estate fund. The Rs.1000 Cr PERE fund will be invested in the residential sector.

Essel plans to raise Rs.1000 Cr for investing in residential sector.

Essel plans to raise Rs.1000 Cr for investing in residential sector.

MUMBAI: Private Equity wing of Essel Financial Services Ltd has already raised Rs.200 Cr. The fund will be invested in the real estate sector. Essel Group plans to develop housing projects in top cities across the subcontinent.

Private equity in real estate (PERE) is increasing in India. 2012 saw 32 PERE investment deals. Nearly PERE Funds worth $464.26 million was invested in last year. This is well above $310.88 million in 2011 which saw only 15 such deals.

The PE wing of Subhash Chandra-owned Essel Group plans to launch a Rs.500 Cr fund. The group also has plans to raise another fund of the same amount. The fund will be raised from domestic investors.

Essel Financial Services CEO and MD of Amit Goenka said that developers raise huge demand for capital. He added that most of the projects are stuck, due to the lack of capital. He finds delay in approvals as another reason for the stuck projects. Continue reading →

Hot Investment Destinations in the Delhi NCR

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Offering higher returns to the investors, properties in Delhi NCR remain one of the most sought after options of investment. Investors in the Delhi NCR are keen to invest even on residential plots as well.

Investment in Delhi NCR properties increases.

Investment in Delhi NCR properties increases as it offers better returns to the investors.

Delhi NCR is one of the top real estate investment destinations in India. The city offers higher returns to the investors and so there are many investors who remain keen to invest in the properties in this region.

According to a recent survey, nearly one-fourth of the property investors are attracted to Delhi NCR which is second hotter destination after Mumbai. The area offers around 90% of returns to the investors.

Among the investment options in the Delhi NCR, Dwarka Expressway Corridor is the best and most sought after real estate investment destination. The area’s growth is well-supported by the infrastructure development and the location advantages. Continue reading →

Faridabad Set To Compete With Gurgaon and Noida

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With high paced infrastructure development and growing transportation facilities, Faridabad is slowly emerging as one of the best realty locations in the NCR.

Faridabad real estate booms along with widening of Highways.

Faridabad real estate booms along with widening of Highways.

Faridabad has already become a hot spot for the realty players. Many of the most noted real estate developers of the NCR region have their projects in the city now.

Though the city is facing hard-hearted competition from other neighboring cities like Gurgaon, Noida and Greater Noida, it still has achieved a place among the hot real estate locations in the NCR region.

Compared to other neighboring cities the city is more suitable and demanded by middle income class group. Viewing the increasing population level; in the city Haryana Urban Development Authority has launched a 20 year development plan for the city. Continue reading →

HUDA Postpones Plot Allotment: Owners’ Wait Gets Longer

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As Haryana Urban Development Authority (HUDA) has postponed plot allotment in Gurgaon; following the HC order, the wait of the 700 plot owners still got longer.

HUDA postpones plot allotment

HUDA postpones plot allotment after the HC order.

Haryana Urban Development Authority was expected to allot the plots to the plot owners last week. However, surprising the plot owners of Gurgaon, HUDA postponed the plot allotment.

All the steps had been completed for the HUDA to announce the draw of lots last week. However due to some reasons HUDA has to postpone the plot allotment for indefinite period of time.

Plot owners have been battling for owning a plot in Gurgaon for a quite long time. They hoped that their battle would get over as HUDA had been expected to announce the plot allotment. Continue reading →

Real Estate Deal With Unitech? Hooda’s Son-In-Law Alleged

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Haryana Chief Minister Bhupinder Singh Hooda’s close relatives have acquired a large number of real estate properties in the state. Many of these real estate dealings point to politicians deep relations with the real estate giants.

real estate scam shakes Hooda’s son-in-law

Bhupinder Singh Hooda’s son-in-law prepares to play a game of brain in the real estate sector.

Haryana, being a fertile land for real estate, is always sought after by the real estate builders. Many relatives of Haryana Chief Minister Bhupinder Singh Hooda run companies in the state.

Havelock Developers Pvt Ltd is one among the many. It came in to life in 2007 as a fully owned sub-firm of Unitech builders. Havelock obtained land parcels in many parts of Gurgaon. The firm own land parcels in Gurgaon’s Fazilpur and Badshahpur areas.

Havelock obtained unsecured loans of Rs.6.7 Cr from Unitech, one of the largest real estate builders of the company. Well before the loan tenure came to end in March 31, 2008, Havelock’s ownerships were transferred to Anjali and Kunal Bhadoo, Haryana Chief Minister Bhupinder Singh Hooda’s daughter and son-in-law. The transfer took place in September. Continue reading →

Adani Realty-M2K Tie Up To Launch Oyster Grande Gurgaon

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Adani Realty has announced its tie up with M2K. Delhi-based M2K Group and Adani Realty will jointly develop a premium housing project- Oyster Grande Gurgaon.

Adani Realty, Adani Group’s real estate wing has revealed its plan to launch its latest residential project in Gurgaon. Adani Realty will be launching this housing project in collaboration with M2K.

Adani Realty and M2K will have equal shares on this residential project. According to the available information, the estimated investment for this residential project is about Rs.1000-Crore. The 40 acre sprawling Oyster Grande is to be set on Dwarka Expressway. Continue reading →

Real Estate Developers Alleged Of Grabbing Farmers’ Land

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Gurgaon farmers alleged that the real estate developers grabbed their land with the consent of the Authority.

farmers' cry against real estate exploitation

farmers’ cry against real estate exploitation

Industrial model township projects by the govt. in collaboration with the real estate developers turn out to be means for robbing the poor farmers. Chaudhary Devi Lal Industrial Model Township is an example. Continue reading →

Gurgaon Real Estate Claims Best Investment Option

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Many factors and features of Gurgaon make it the best option for the investment. Recent trends show that real estate is the top rated form of investment. The lower interest rates of bank deposits and uncertainty and greater risks of share investments turn the attraction of people to real estate investment. Real estate investment stands ahead of other forms of investment. Real estate investment is getting more popularity and more amount is being invested in real estate. Decreasing number of plots and increasing demand assure the investors that the price never goes down. Real estate as a whole witnessed a steady growth all over the world and India. Among the fast developing real estate sectors in India Gurgaon remained the fastest growing  and the best option for real estate investment. Continue reading →