Property demand: Chennai, Gurgaon hot, Mumbai cold

Mumbai: The real estate market is sluggish in Mumbai, but, looking at the absorption rate, residential property is selling like hotcakes in other cities like Bangalore, Chennai and Gurgaon.



The absorption rate is the number of apartments sold in a month from the available inventory in a market. It is an indicator of the demand situation in a particular real estate market. For example during the calendar year 2011, Mumbai (including Navi Mumbai and Thane) saw 6,650 apartments sold each month against 9,092 in 2010, according to global bank JP Morgan. This means, the absorption rate fell 27 per cent.
Every property market has an inventory of apartments. If the absorption rate is high, the inventory gets exhausted quickly. With the absorption rate in Mumbai falling, it will take two years to sell the unsold inventory.

Property trends in five major cities are explained below:

Mumbai: JP Morgan expects prices to correct in Mumbai only when some new residential projects are launched. Currently, high prices are keeping buyers away. Over the past one year, residential prices in Mumbai have remained flat. In pockets like central Mumbai and North Mumbai, they have increased by 10 per cent. New project launches fell 50 per cent during the calendar year 2011.

Gurgaon: The residential absorption rate in Gurgaon rose 11 per cent in 2011. This is largely due to a high launch activity in the market. Property prices in the market rose 17 per cent during the year. Unsold inventory in the market remains at healthy nine months of average absorption. This means the demand for homes in Gurgaon is much higher than Mumbai.

Bangalore: The residential absorption rate in Bangalore grew 19 per cent in 2011. This was primarily driven by large affordable launches done by reputed developers. Price appreciation now seems to be catching up in Bangalore with completed/nearing completion projects witnessing 10-15 per cent appreciation over the last few months. New launches in Bangalore rose 56 per cent in 2011. Average property prices rose up to 24 per cent across key real estate pockets during the same period.

Chennai: The residential absorption rate in Chennai rose 37 per cent in 2011. High launch activity has resulted in increased unsold inventory in the market. Unsold inventory rose to15 from 10 months early last year. Average property prices rose 8 per cent to 30 per cent in pockets from Anna Nagar to Rajeev Gandhi Salai.

Noida: The residential absorption rate in Noida fell 31 per cent in 2011. In Greater Noida, it fell even further at 56 per cent. This indicates a sharp slump in demand due to a weak buyer sentiment given the recent political change that could impact project approvals/new launches. In Greater Noida, construction progress of launched projects has also slowed down in the market due to contraction of funds by banks/NBFCs. Average property prices in Noida rose 6 per cent.

HOUSING SECTOR TO PICK UP IN 2013 The residential real estate market of the NCR is expected to post a significant recovery by the middle of 2013, riding on the back of the government’s efforts in pushing real estate reforms, which are expected to lift consumer sentiments. TEAM TIMES PROPERTY reports     Residential sector in the National Capital Region (NCR) of Delhi will see some green shoots of recovery by the second half of 2013, says Knight Frank, a consultancy firm, in a report on the real estate sector.      Because of rising prices and high interest rates, the report says, sales have seen a dip. “As per our ‘quarters to sell’ analysis, that assesses the market health by comparing construction and sales timelines, it is observed that unsold inventory levels are showing an upward trend,” the report says.      Rising property prices and high interest rates have deterred genuine buyers from taking decisions. There are only a few options to choose from in the mid-segment housing, clearly indicating a mismatch between demand and supply, it points out.      It further says that rising input prices, land prices and borrowing costs also impose a big pressure on developers and defer project deliveries. However, with government taking measures and pushing real estate reforms, which are expected to have a positive impact on the consumer sentiments, an improvement in the buyers’ sentiment is expected by the middle of 2013.      Manoj Gaur, the MD of Gaursons, says: “Year 2012 was slow in terms of sales. However, 2013 looks brighter and if it is supported by good home-loan interest rates then the market will see a turnaround for good. A lot of projects will be delivered in the year and, hence, people will have options of ready-tomove-in homes.”      In the last few years, Knight Frank says, the real estate market in the NCR has undergone large-scale development. Real estate opportunities in the region have transformed the fate of planned satellite towns of Gurgaon and Noida. Both Gurgaon and Noida are now self-sustaining markets comprising all asset classes: residential, commercial and retail. Investments have been pouring in, which resulted inhuge activity in commercial and retail development, the report says. Residential demand has also remained strong, despite being characterized as a speculative market owing to the predominance of investors.      Since the circle rates have gone up in the region, official valuation of properties will also rise along with the payable stamp duty. This increase will further limit the penetration of cash-rich investors into the NCR market, making it less speculative.      The proposed infrastructure initiatives will drive the real estate development in the region. Most of the development in the NCR has taken place in the vicinity of the commercial hubs.      In the Gurgaon micromarket, developers have shifted their focus to the Dwarka Expressway, also called the Northern Peripheral Road. The forthcoming expressway will provide an alternative link between Delhi and Gurgaon. A bulk of projects has been launched as a result of which huge construction activity can be seen in this region. Prices have gone up many fold in the other residential micromarkets of Gurgaon, making them out of reach of homebuyers. Dwarka Expressway is the only affordable option for midsegment housing. Residential micromarkets along Golf Course Extension and Sohna Road have seen limited launches in the first half of 2012-13.      Noida is another hub for the real estate development in the region and has seen immense traction in April-September 2012 as well.      Most of the projects launched in this location are in the midsegment housing. Locations like Noida-Greater Noida Expressway have gained a lot of importance due to the planned commercial development along the expressway.      Greater Noida is also emerging as an important residential location in the region; with a good number of affordable projects it has been able to attract a lot of buyers. Residential development has come up along the Yamuna Expressway and other locations like Sector Alpha, Gamma, Beta, Chi, Phi and Delta. The proposed Metro link will further improve the connectivity of this location, not only with Noida, but also with Delhi.      According to the report, the NCR saw the launch of around 31,000 residential units during the first half of 2012-13. Even though there was a dip of 22% compared to the first half of 2011-12, it’s not alarming, the report says. The dip can be attributed to lower number of project launches in Ghaziabad, since the focus of developers and buyers has shifted to Noida Extension. Also, demand in the Ghaziabad market is end user driven and restricted due to limited economic activities.      Noida also had a significant dip in launches in the first half of 2012-13 compared to the same period last year. Gurgaon had the highest number of launches in April-September 2012, taking up about 33% of the total pie. A majority of the project launches in Gurgaon took place on the Dwarka Expressway.      Noida followed as the region with the second highest number of launches. Most project launches in Noida took place along the Noida-Greater Noida Expressway. Greater Noida also saw ample activity in terms of project launches in the first half of 2012-13.      Almost 45% of the units under construction in the NCR market are expected to be ready for possession by the end of 2013, as a bulk of these projects were launched in 2010. Nearly 56% of the units under construction fall in Noida and Greater Noida. Gurgaon constitutes nearly 20% of the units under construction.      It is interesting to analyse the distribution according to ticket size of units under construction across micromarkets in the NCR. The Noida market has a good mix of affordable, mid-segment and high-end housing options. Gurgaon market, on the other hand, has hardly anything to offer in the ticket size less than Rs 50 lakh.      The report says that vacancy levels are high in the NCR market, trending upwards due to slowing down of sales. A bulk of unsold inventory is concentrated in the micromarkets of Noida, Greater Noida and Gurgaon due to high number of project launches.      At the same time, due to rise in prices and high interest rates, the NCR residential market saw a dip in absorption in the first half of 2012-13, compared to the same period last year.      Greater Noida is the only micromarket that has shown an upward trend in sales; this can be attributed to a number of projects launched in the affordable range. Since Noida is one of the most important markets in the NCR with affordable and mid-segment housing options, the limited number of launches in the affordable segment has impacted the overall demand.      The NCR market has a strong investor base and, hence, there is a preference to book projects which have been recently launched. Residential sales usually go up during the festive season and towards the end of the year due to the discounts offered by the developers. It remains to be seen if absorption levels will pick up in H2 of financial year 2013-14.      Unstable macroeconomic conditions have affected consumer confidence and sentiments, which in turn have affected demand and led to limited increase in quarter on quarter prices. However, there have been considerable appreciations in capital values compared to the last year. Prices have been resilient to the dip in launches.      Since there is a dominance of investors in the NCR market, prices have remained stable even after a speculation of correction. Peripheral micromarkets of Gurgaon, Noida, Greater Noida, Ghaziabad and Faridabad have seen a steady increase in weighted average prices during 2012-13 compared to the last year.  QUICK BITES      IN THE GURGAON MICROMARKET, DEVELOPERS HAVE SHIFTED THEIR FOCUS TO THE DWARKA EXPRESSWAY, ALSO CALLED THE NORTHERN PERIPHERAL ROAD QUICK BITES      RESIDENTIAL DEMAND HAS ALSO REMAINED STRONG, DESPITE BEING CHARACTERIZED AS A SPECULATIVE MARKET OWING TO THE PREDOMINANCE OF INVESTORS

 Cheque Truncation System

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System (CTS) aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day, thereby trimming down the floating time considerably. India processes as many as 1.2 billions cheques annually and therefore, the implementation of this system would drastically cut down the waiting period involved. The system will be implemented nationwide from April 1, 2013.

CTS cheque sample

How does it work?

An online image-based cheque clearing system, the collecting bank branch would deploy scanned images along with the magnetic ink character (MICR) of the cheque which will be sent out electronically using their Capture System, removing the need for physical/manual transfer of cheques. The captured images and the data is then signed and encrypted and sent to the Clearing House or the central processing location and thereafter forwarded to the drawee or paying bank.

This helps speed up the cheque collection process that eventually helps provide better and faster customer service.

Key Features of Cheque Truncation System

• User friendly graphic user interface
• Automated coding and endorsing of cheques
• Encryption of data file before transmission to the clearing house or the service branch
• Employs a unique transaction follower process to confirm the status of cheque
• Improved and efficient settlement and prevention of fraud
• Equipped with enhanced archival procedure that stores images and data facilitating report generation along with future enquiry
• Alerts RMs in case of return of cheque due to insufficient funds

About Expressway

Gradually, the Dwarka Sub City is mushrooming as the hub of residential and commercial properties, and is deemed as the residential and commercial hub for the property buyers and purchasers. However, the Gurgaon-Manesar Master Plan 2021 has pushed the level of progress of this area and the Dwarka Gurgaon expressway is the center of attraction at present, apart from the new projects started in Gurgaon. The Dwarka Gurgaon Expressway is in total an eight lane expressway being developed to assist the commuters passing via this route, otherwise usually this route gets chocked due to the over burden of the travelers moving towards the Gurgaon city and the Manesar highway. This incredible and long developed Dwarka Gurgaon Expressway is being developed by the Haryana Urban Development Authority (HUDA) at a cost of Rs 120 crore as it's included in the Gurgaon-Manesar Master Plan 2021 (Urban Complex Plan), which will further connect Dwarka to the NH 8 including the 30 meters of green belt on the both sides. The total stretch covered by the proposed Dwarka Expressway is 18km including a wide road which is around 150 m wide, starting from Dwarka connecting Palam Vihar. Also, this is the forthcoming big SEZs in the Gurgaon area that is joining NH8, which is near Kherki Dhaula. The main objective of this Gurgaon Dwarka Expressway is to reduce the total travel time that commuters usually spend while coming from west Delhi. For instance, if a person is coming from the Dwarka Sub City, he doesn't have to hit the congested NH 8 before the Delhi-Gurgaon border and the toll bridge, which the commuters are currently using. This new link would be visible parallel to the expressway till it merges ahead of the IFFCO Chowk. Further, this under progress Dwarka Gurgaon expressway will join 16 new nearby residential colonies, apart from the commercial corridors and Harsaru dry port. As per the experts, the land acquisition is nearing completion and awaiting hearing from the court on demolition of some houses in the Palam Vihar, and once this issue is solved, the project will be super set to build high connectivity between Gurgaon, Dwarka, International and domestic airport. If we carefully check out the forms of the metro mall, we'll find the text explaining that the much of the development will be seen near the metro corridors, which is indeed the predominant source of transportation for the Dwarka residents and the other people coming in from the other parts of Delhi. In total, the corridors identified in the transport network system is nine, which are included in the main transportation network system, which is retaining the prime intention of controlling the growth of the capital. And if we talk about the Dwarka Sub City corridors then there are two only - Najafgarh, Jhajjar corridor & Gurgaon Corridor. After considering all the aforementioned facts, myriad private builders has acquired licenses from the Haryana state governments to build the township in and across the Dwarka Gurgaon expressway, surrounding which there are multiple new projects in Gurgaon. All the new projects in Gurgaon are intended to give peaceful residential and commercial spaces to the population and the upcoming projects in around the Dwarka Gurgaon expressway are also giving the similar indication to the property investors, buyers, purchasers and renters. Mainly upcoming residential sectors of Gurgaon like 102 and 103 are mainly located in the proximity to the proposed Reliance SEZ area, which is mentioned in the Gurgaon-Manesar Master Plan 2021. Also, the properties being constructed here will turn out as 'hot properties' in the near future. Now, let's attribute towards the most focused sectors that are falling in the vicinity of the Gurgaon-Dwarka Expressway, which are also marked as the nearest sectors to Delhi, and those exclusive territories are sector 110 A, 111, 112, 113. Apart from that, the other major Dwarka Gurgaon expressway sectors are 37D, 83, 84, 88, 99, 100, 101, 102, 102A, 103, 104, 105, 106, 109, and 110. Majorly, these sectors are being developed from the residential and commercial perspective both; however, the maximum area has already been dedicated to meet the residential purposes. Also, some commercial area is highlighted in the map but still seeking the required development, which other new projects in Gurgaon are already experiencing. Thus far, myriad biggies of the real estate industry has already targeted this area (Dwarka Gurgaon Expressway), where the residential projects have already been started, out of which, few are already on the verge of completion. The main connectivity being formed by this Dwarka Gurgaon Expressway is the sole reason why real estate developers are inclined towards this area, and considering this fact popular builders like Ramaprastha (The Edge Towers, The Atrium, The View, Skyz, at sector 37D), Raheja (The Vedas (Sector 108) and Shilas/Srishti/Atharva (Sector 109)), Mahindra Life Space (Aura at sector 110A), Earth Infrastructures (Earth Town-2 Sector 112) and Ansal Siddhartha (Estella at sector 103) have already started their respective projects, which are mentioned in the brackets along with their names. Moreover, EMAAR MGF is also coming with a comprehensive town ship, which is again being developed for those who dream to reside in a clean, green and peaceful environment. So, on the whole,Dwarka Gurgaon Expressway is an upcoming paradise where property purchasers will undoubtedly yearn to procure some property. At present, the property investors are in the quest of original bookings coming from the new builder projects, which are The Residency by LandMark, Clarion by Satya, Estella by Ansal and Siddhartha, Centrum and Enigma by India Bulls, Srishti by Raheja, Skyz by Ramaprastha, Earth Town 2 by Earth Infrastructure, Land Mark by Era Group, Capital Gateway by Tashee, Spire Central by Spire World, Spacio Park Serene & Amstoria by BPTP, and Lumbini Terrace Homes by Brisk. Along with the best property options, contemporary recreation facilities and amenities are also being offered by the developers within the vicinity of their projects, which mainly includes swimming pool, gymnasiums, clubs, health centers, parks, gardens, jogging tracks, play schools etc.

Builder: Anant Raj Industries Limited
Project Category: Residential
Project Location: Sector 91 Gurgaon
Project Types:Apartment,

Anant Raj Maceo Phase-III (New Launch)
Sector 91 Gurgaon

About Anant Raj Developer:

Anant Raj Group is one of the fastest growing groups in infrastructure development with significant presence in North India. Anant Raj MACEO Gurgaon is being developed by Anant Raj Industries Limited which is a prominent developer of real estate property in Gurgaon, and has played a key role in transforming the face of real estate in Delhi NCR.

Now Anant Raj Group coming with its new phase-III in sector 91. 

Overview

• Project Area – 15.575 Acres
• Ample green area, adjacent to 1000 acres of Reserved Greens.
• Car Parking for 1100 Cars
• Three Side open Apartments

Advantage

• Pollution Free Environment.
• Master planned and organized development with proper road network and infrastructure in NCR.
• Fastest growing Industrial Hub of International standards nearby.
• Site located on main 60 Meter wide road with 3 sided connectivity to Manesar, NH 8 and Pataudi Road.
• Surrounded by green belt and agricultural zone.
• Existing HSIIDC Industrial sector with preinstalled amenities in close proximity.
• Presence of 300 to 500 industries with more than 5 Lac employees in close vicinity.
• Adjacent to KMP Expressway (Kundli – Manesar – Palwal Expressway).
• Adjacent to upcoming IT Hub in NCR.
• Major residential development in the neighborhood.
• Close proximity with upcoming SEZ.
• Proposed international school in the vicinity
• Proposed primary & nursery school in the complex.

 

Community Features

Park

Controlled Access

Gymnasium

Swiming Pool

Alarm

Public Transportation

Tennis Courts

Wi-Fi connectivity

Balcony

For More call@9971837272

NATURE FRIENDLY GROUP HOUSING IN SECTOR 76, GURGAON

Overview

Set amidst nature’s cosmos ABW PRESENTS A VEHICLE FREE SURFACE CONDOMINIUM situated in Sector 76, Gurgaon, with the backdrop of Aravalli Hills adding a tint of romance to the ambience. This 14 acre (approx) High Rise Residential Complex opens your eyes to the world of lust rolling greens. With the majestic Aravalli Hills and expansive open spaces walk into a lifestyle of affluence and splendor. This is the address of not just people, but also love and life!

Cheque made in favor of "ABW Infrastructure Limited"ABW Infrastructure Ltd is of the leading real estate promoter & developer in the Delhi & NCRregion, ABW Group constructs with a conscience. ABW Group signifies the epitome of luxuryintegrated with superior quality and understated grandeur. The spirit of creativity and perfection of the organization is reflected in its endeavours to achieve excellence, a quality perfected in serving the nation for the past two decades.

Choice of Apartment

Type	Area  (sqft)	BSP (sqft)	Booking Amount
2BHK+Study	1441	5350	6 lac
3BHK+SQ	1823	5150	7 lac
3BHK+Study+SQ	1902	5150	8 lac
4BHK+SR	2155	5150	10 lac

NATURE FRIENDLY GROUP HOUSING IN SECTOR 76, GURGAON

Location Map

Distances:
• Close to Delhi-Jaipur Highway (NH8)
• 7 Minutes from IFFCO Chowk
• 15 Minutes from IGI Airport
• Walking distance from Proposed Metro Station

Highlights of the Project :
» 17 acres of land at a prime location in Sec 76, Gurgaon (Very near to HALDIRAM’s) and on 60 meter WIDE road. 
» One Kilometer from 120 meter wide NH-8, Metro line and ISBT Depot 
» One Kilometer from golf course extension road 
» Easy Finance from leading Banks 
» All towers are Ground + 17 with 24-hrs power back up and latest security features 
» Wooden flooring in all bed rooms, Vetified tiles in common area and wardrobes attached in all rooms 

Cosmos Expressway sector 99 Gurgaon

COSMOS "EXPRESS 99" - Overview

Cosmos Express Sector 99 Gurgaon Apartments is located by the side of upcoming Dwarka expressway that will lead to International Airport on one side and National Highway NH 8 on the other. Six kilometers from sector 99 GURGAON is where the city centre mall is located while the old Gurgaon station is just 8 kilometers far.

Location Map

Master Plan

Units Detail & Floor Plan

Type	Built up Area (Sq. Feet)	Basic Sale Price (Sq.ft.)
2BHK+2T	1310 Sq.ft.	4400/Sq Ft
3bhk+2T	1550 Sq.ft.	4200/Sq Ft
3BHK+3T	1770 Sq.ft.	4200/Sq Ft
3BHK+3T	1865 Sq.ft.	4200/Sq Ft
3BHK+S+3T	1970 Sq.ft.	4200/Sq Ft
4BHK+S+4T	2365 Sq.ft.	4200/Sq Ft