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State of the Real Estate Market – National Capital

Region

Part I – Gurgaon

DISCLAIMER: The information in this document and all annexure are confidential and intended solely for the addressee. The data analysis is based on research across multiple sources of brokers, developers, development authority, end users and professionals such as lawyers, Transaction Experts, CAs. The analysis done by MagicBricks may be taken as an indicative and MagicBricks takes no responsibility either for accuracy of this data or authentication of it since it is from unstructured sources.

State of the Real Estate Market – National Capital Region Part I - Gurgaon

CONTENTS

OVERVIEW .................................................................................. 3

INTRODUCTION .......................................................................... 4

ECONOMIC DRIVERS ............................................................... 11

INFRASTRUCTURAL DRIVERS ................................................ 15

ECONOMIC INDICATORS ......................................................... 15

MASTER PLAN .......................................................................... 23

LOCATION WISE ....................................................................... 30

VALUES ..................................................................................... 48


OVERVIEW

The National Capital Region (NCR) comprises of the National Capital Territory of Delhi and suburban towns of Faridabad and Gurgaon in Haryana and NOIDA, Greater NOIDA and Ghaziabad in Uttar Pradesh. Much of the new real estate development is witnessed in these towns. Most of the property transactions here involve resale of old properties. MagicBricks (MB) brings to you a series of reports on the state of real estate markets in the Delhi-NCR. We begin the series with an in-depth study of Gurgaon, the city of corporates and premium real estate. As a trend-setter in the region, the future of the city’s real estate depends on how well the economic and infrastructural drivers evolve. These include Special Economic Zones, IT-ready buildings, adequate telecom infrastructure and good transit linkages including the metro, expressways and road networks. Gurgaon, one of the country’s most prominent outsourcing and off-shoring hubs, is also famous for its shopping malls and entertainment facilities. MB has compiled a Situation Analysis on the basis of an extensive street by street, building by building research. The report will provide an analysis of how real estate values serve as a monitor to the number of economic drivers, quality of services and

infrastructure and efficiency of civic services.


INTRODUCTION

The Gurgoan market is characterized by structured real estate. There are 8 broad parameters that impact the efficiency of the real estate which is reflected in the values. These include

1) Location 2) Quality of building and maintenance 3) Façade 4) Internal services such as high-speed capsule lifts 5) Adequate water and power with 100% back-up 6) Accessibility and transit corridors 7) Parking 8) Social infrastructure such as residential areas in vicinity

Location The initial driver of property sale in Gurgaon was its proximity to Delhi. Currently it is driven by accessibility and facilities. As a result, the developments of malls, offices and residential locations have moved from the arterial MG Road and NH8 to inner sector roads or erstwhile far flung areas such as Sohna Road, Sushant Lok Phase II & III and South City II. The first and most critical parameter for any property is its location. The definition of location has changed and evolved over the last decade. Today location really means accessibility through wide roads, preferably with inner service lanes, well lit roads, not very close to urban villages, with adequate arrangements for security. Façade & Maintenance The Gurgaon market set the trends for maintenance of facilities by developers. While the first step was erecting beautiful steel and glass facades, the winners today are the one who also evolved stringent parameters to keep the facilities looking good too. Issues such as optimum use of glass with more energy efficient structures to reduce cooling costs are being tackled at the level of developers as well as users. Developers such as DLF, Unitech, Vipul, Vatika, and Parsvnath have their own facility management companies while those like Sahara and Ambience Infrastructure have chosen to outsource these facilities to consultants and other property management companies. Structured maintenance charges are the norm in most developer run properties. They range between Rs 11-15/ Sq Ft/ month for offices, Rs 18/ Sq Ft/ month for air conditioned malls and Rs 0.75-2/ Sq Ft for residential apartments. Where the developer is investing in generators to provide back-up power, costs in residential areas can go up to as much as Rs 6/ unit. Shopping complexes typically charge about Rs 2-4/ Sq Ft for maintenance and are managed by Market Associations. Maintenance typically includes facade cleaning, landscaping, housekeeping, garbage disposal, upkeep of mechanical and electrical equipments and power and air


conditioning. The cleanliness of the building and its surroundings as well as the landscaping features within it impact values. High Speed Capsule Lifts The time taken to reach the floor of your choice has been impacting off take of space and the quality of users coming into buildings both offices and residential. As a result, even good Cooperative Group Housing Societies (CGHS) are investing in high-speed larger lifts. This is only possible where there are economies of scale and usage or where the users are willing to pay a premium for the same. Water and Power with 100% back-up In a city where water has traditionally been a problem area, a guarantee of 24-hour water supply was a big deal. In an effort to ensure proper supply of water Haryana Urban Development Authority (HUDA) has come up with certain measures such as setting up of control rooms which will work 24 hours and will tackle complaints relating to water and sewage. Currently HUDA has about 100 cusec of drinking water through canal-based scheme at Basai Water Treatment Plant. The authorities have now planned to enhance it to 180 cusecs. This would be sufficient to service the needs of the city as the current requirement stands at about 160 cusecs. HUDA is also taking steps to check the leakages and misuse of drinking water. HUDA has also set up a committee to monitor whether the rainwater harvesting systems installed by colonies and institutions are functioning. Power, however, continues to be a problem area and solutions seem few and far between. Residential apartments with power back-ups (either from developers or through CGHS) have become preferred locations. In retail and office complexes, 100% back-up power has already become the norm. In many instances, the developers generate and supply all the power with nothing provided by the authorities. Transit Corridors Any cluster of development by private developers largely revolves around existing or future transit links. The partial completion of the Expressway project on National Highway 8 was the first such trigger. This resulted in erstwhile unwanted areas such as the Sohna Road witnessing frenzied land deals and hectic construction schedules. The sanction of the Delhi Metro line from Gurgaon to Central Delhi through South Delhi has also resulted in several offices shifting base to the suburban city. This has translated or is expected to translate into an upgrade of quality of foot falls coming into the malls. This change is reflected in the kind of brands that occupy the retail space along the transit corridors. In some cases they also boost up the values of retail properties. Values of retail properties are also dependent on the demographic profile of the neighborhood and its accessibility from premium residential neighborhoods. Parking Parking is a key factor when it comes to choosing real estate. This has not fully evolved yet and there is heavy intake of space in places such as DLF Cyber Greens, where parking is inadequate. However, a brand of developers such as Vipul, Unitech and


Ambience Infrastructure is using parking as a USP. Developers such as JMD and Vatika have started increasing the ration of parking space to saleable area in their commercial complexes. The mandatory parking ratio or ECS (Equivalent Car Space – 1ECS for 100 Sq. Mtr.) is 1.2ECS for Residential and 2ECS for Public Use. Developers are now realizing the importance of adequate parking and demanding sanctions for a third basement dedicated to parking which does not add up to the FAR (Floor Area Ratio). HUDA has identified parking lots for dedicated multi level parking to be developed by private developers. These are expected to ease the pressure on parking. Also clusters of retail development have been found to be a solution to concentrated demand for parking space. An example of this is the Sahara Mall end on MG Road where the development of more malls actually resulted in reduction of traffic jams as users started parking in multiple malls and walking from one to the other. Social Infrastructure In residential areas, social infrastructure includes schools, hospitals, transit corridors and shopping and recreational facilities. In offices the social infrastructure includes rings of residential and retail developments. Hotels and medical facilities are a bonus. In retail areas, access to either large volumes of residential and office hubs or accessibility to a large volume of high-spending affluent shoppers is the key. While currently these indicators have not started directly affecting property values, or are doing so only to some extent, MB research anticipates significant fluctuations to be witnessed on these parameters in the short to medium term.


THE GURGAON MARKET

RESIDENTIAL There are three types of residential apartments available in Gurgaon; Group Housing Societies; Condominiums built by developers and Single Floor built on Independent Plots. Group Housing Societies: These are built on land allotted by the development authority to registered group housing societies. These are clustered in 3 pockets across Gurgaon Sector 15and 17, 21-23, 32, 43-47 and 53–57.

Capital Values of 3BHK in CGHS across Gurgaon

June, 2007

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Condominiums: These are clustered in developer promoted sectors such as DLF Phases 1 – 5, Sushant Lok I, II, III, Palam Vihar, South City I, Nirvana Complex, Sohna Road and Golf Course Road.

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Single Floors: These are developed across plotted areas developed by HUDA or private developers. While individual owners are allowed to develop individual floors and market them, builders are barred from purchasing land from the market and selling three apartments built on each plot to individual buyers in Gurgaon. However, there is active demand for these properties on a rental basis. DLF Phase I – V, Sushant Lok I-III, Palam Vihar, South City I & II, Nirvana, Mayfield Gardens and Ardee City, Huda Sector 3 – 9, 14, 15 & 17, 21 – 23, 38-40, 45, 47 and Sohna Road

Capital Values of Plots across Gurgaon

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COMMERCIAL The commercial market can be broadly divided into office and retail developments. Office The Gurgaon office market is probably the most evolved in the country with at least 48 customised office complexes developed by private developers and over 100 more in the old industrial sectors. Leading this trend is the DLF group, which has created over 13 office complexes covering at least 12 million Sq Ft. Close on its heels is the Unitech group with 8 office complexes. Other groups developing office complexes in the Gurgaon region include Ansal-API, Vipul, Vatika, Alpha G-Corp, Bestech, BPTP and Emaar-MGF. Gurgaon scores over all other suburbs in terms of the size and quality of office property developments. The large floor plates, IT-ready buildings with sufficient power back-up and other infrastructural facilities have resulted in a record number of corporate offices shifting to the city. The recent demolition drive in the NCT of Delhi against unauthorized office spaces has also resulted in a quantum jump in the number of offices in the city.


Retail As a premium suburb, Gurgaon also scores in retail space. It has at least 30 retail malls and premium shopping complexes spread across HUDA sectors and private developments. This is in addition to the over 100 neighbourhood markets across the old and new parts of the city.


ECONOMIC DRIVERS

Gurgaon has witnessed a lot of development during the last two decades. Many of these can be attributed to various developments that happened in and around Gurgaon. These are IT and ITES services, Retail explosion, Negative sentiment in Delhi because of the sealing drive, focus on hospitality and availability of good population demographics. IT and ITES Till the mid-90s, Delhi remained a preferred option for business units as it proved to be a single location city, with office concentration in the Central Business District of Connaught Place and a few low-end secondary business districts such as Nehru Place, Bhikaji Cama Place and Rajendra Place. However, with the opening up of the economy in 1991 and the rapid growth of a diverse range of multinational offices in India, the demand shifted from prime, expensive, poorly managed CBD space to relatively affordable, premium quality large floor unit spaces in the suburbs. This was further augmented by the rapid growth of the IT industry first in the form of the Dot-Com boom in the late 1990s and then the Business Process Outsourcing (BPO) of the the early 2000s. During the past five years, the scenario has changed dramatically with corporate houses from Delhi’s Connaught Place and other areas are moving to suburban locations like Gurgaon. This movement has been largely driven by the IT and the ITES companies. The recent sealing drive by the Municipal Corporation of Delhi against unregistered retail and office space has resulted in this demand surging even among non-IT companies. A large chunk of these companies have moved to suburban locations as the cost factor has taken a greater importance, especially over the last few years, when the global economy saw a downturn. Many corporate houses, to optimize operational costs, moved from Delhi to Gurgaon. On an average the costs of business units in Gurgaon are 30-50% cheaper as compared to Delhi. Developers in Gurgaon are offering good quality buildings, large floors spaces, 100 per cent power back-up and air conditioning at lower rental values. A premium large-unit size office space in Gurgaon is available for upto Rs 130-150/ Sq Ft in Gurgaon while in the CBD poorly managed space is now commanding rental values of upto Rs 350-400/ Sq Ft. Gurgaon, being a new development, offers a wider variety of choices of real estate and hence the companies can customize to suit their requirements. A combination of all factors has made locating and re-location to suburbs an optimum choice for such corporate. So, what are the specific real estate and infrastructure requirements of an IT or an ITES company? Typically, such a company requires a building with large floor plates, reasonably good floor-to-ceiling height (at least about 3.75 mts), good column grids (at least about 11m x 11m).


Secondly, since they operate on a 24 hours shift basis, building maintenance becomes the key here. Typically they look at 100% power back-up and air-conditioning to be made available 24x7x365. According to Sandeep Singh, Business Head, Total Project Management (TPM), “A breakdown of 15 minutes translates to losses of a few million dollars. So the building’s engineering side has to be very efficient so far as the back-ups are concerned.” Thirdly, since they operate on lesser operating margins, they look at efficient floor space and minimum real estate & operational costs. The minimum space per person is 75 Sq Ft per person. Ideally the space should be as rectangular (never oval or circular) as possible to enhance the space efficiency. Fourth, a good, affordable residential support in the neighbourhood and a social infrastructure is an essential component. Most of the employees in a call centre are young boys and girls from various cities and they invariably like to be closer to their office, especially given their untimely working hours. Fifth, even though majority of BPOs/ call centres provide transport facilities to their employees, they also prefer to have public conveyance, which would ease their burden a little. With relocations happening from the CBD of Delhi to Gurgaon, the residential sector got a boost as the additional workforce need accommodation. Executives working in BPO and ITES sectors look for modern houses coupled with facilities like security, clubs, swimming pool and gardens. These people have changed the concept of living in built-up house to independent units/apartments. Also, because of the outsourcing of high-end jobs to India, Non-Resident Indians (NRI) are coming back to the country. This spurred the demand for international quality real estate space. Retail Organized retailing has become a key driver for real estate development in the city. The growth in organized retailing has not only driven the construction of malls but such construction has also acted as a catalyst for other real estate development in that area. Where there is such a development, the surrounding areas witness an increase in the property prices. A classic example is the MG Road where the mushrooming of a large number of retail malls has led to the ballooning of value of property along this route. Malls in Gurgaon have the capacity to draw in at least a third of the Delhi shoppers, besides many from adjoining rural hinterland in the states of Haryana, Rajasthan and even Punjab. Gurgaon's proximity to Indira Gandhi International airport makes it the ideal destination for tourists as well. Gurgaon now is fast progressing beyond simply providing air-conditioned space for shoppers to make their purchases in. Speciality malls have now become destination points for shopping during specific occasions such as wedding and festivals. Developers are coming up with specialized malls that cater to customers that visit these malls for a specific product. These malls provide a cluster of shops that sell products that compliment each other. This includes the Gold Souk in Sushant Lok I, and the Wedding Mall on Sohna Road, developed by Omaxe Developers. While the former offers customized gold retail from a host of jewelers from around the country and abroad, the


latter offers the visitors a range of products and services that are needed while arranging a wedding. A major problem that malls face is that of parking. On an average each mall in Gurgaon, during weekend draws about 2750 to 3000 cars and about 750-800 two wheelers. In comparison, the combined parking capacity of the operational malls stands around 600 to 800 cars and 450 to 500 two-wheelers. Bearing in mind that shoppers spend about four hours within a mall, the number of cars at a time ranges from 1,000 to 1,500. The HUDA plans to augment these services with specialized multi-level parking lots. Hotel space This clustering of retail options in an area accessible easily from the airport has resulted in a large number of developers investing in the creation of hotel space in the city ahead of the Commonwealth Games in 2010. This availability of premium hotel space will also act as a further boost to growth of organized retail in the city. Good demographic profile One of the principle reasons for Gurgaon becoming the preferred choice for mall development in the NCR is the demographic profile. In addition to the local affluent populace, there is a large floating population with which already travels to the city for work. It is therefore natural that they will travel to the city for weekend shopping as well. This includes large numbers of buyers from affluent South Delhi colonies where the number of malls currently available are limited. Negative Sentiment in Delhi After the MCD drive in Delhi to close shops and offices built illegally in residential neighborhoods, retail and commercial options have become further curtailed. Delhi Vs Gurgaon The suburbs including Gurgaon have developed rapidly because Delhi, which has old road plans, bad traffic situation and high real estate cost, was not a feasible option to meet the urgent demand. Development in Gurgaon became an alternative due to the pace at which the demand for both, commercial and residential property was met. Gurgaon has grown as Delhi’s twin city as it offers something for everybody with high-end villas to apartment complexes for both high-end and budget buyers. Gurgaon also has an upper hand where cost is a concern. The rates in Gurgaon may be touching skies at the moment but still they are around one fifth to that in Delhi’s posh colonies. For instance, in South Delhi, on an average, the rate is around Rs1 Crore for a 1600 Sq Ft house. Even at such a high prices the flats do not usually sport good interiors, well designed bathrooms and kitchens. Also outside the house, there is a fight for parking area. Security is usually an area of concern. If one spends the same amount in Gurgaon, he can buy an apartment for about 3,000 Sq Ft. Also additional packages such as good ambience, proper water and electricity supply back-ups, sufficient parking area and a well maintained park can be expected.


Another reason that is attracting investors to Gurgaon is the fact that since the property is new and purchased directly from the developer, purchases are made through cheques. This is beneficial for young buyers/investors, who opt for a loan when they consider buying a house. In contrast most deals in Delhi, which are in the secondary market, are in cash for which bank finances are not available. Infrastructure woes However, infrastructure still remains a problem. Companies are ensuring that they get the best internal infrastructure within their buildings. But on a macro level, infrastructure requirements like transportation, roads, electricity, etc. affect these companies. An infrastructure requirement, particularly public transport, needs to be augmented. There is also the need to improve basic utilities such as power. However, the rising real estate cost and availability of space is causing alarming situations for BPO company, which is making them think of other suburbs of NCR as well as other cities in the long term. Of late, there have been examples of companies located in Gurgaon who have actively started looking at Noida as an option. Companies such as Oracle, Hewitt etc. have already taken up space in Noida. Noida has been emerging as an alternate destination for IT/ITES companies because of its proximity to Delhi and more realistic suburban prices. The reason for this trend is the rising real estate cost. Today the rental rates are hovering around Rs 70 to Rs 85/Sq Ft/ month in builder sectors, while it is Rs 40 to Rs 45/ Sq Ft/ month in Udyog Vihar, which is perhaps not at all viable for a BPO set up.


INFRASTRUCTURAL DRIVERS

Gurgaon has gained the position of a preferred location for office space and retail ventures. Being closest to Delhi and to the international airport, Gurgaon is the preferred area where large facilities can be set up. However, this clustering of a large number of corporate offices, industrial facilities and back-office operations in the city has led to an unprecedented scale of development. While global quality real estate has been setting the standards for on-site infrastructure, off-site infrastructure had for long been neglected. This combined with the large floating population in the city has resulted in glaring shortfalls in transport, power and other utility services. Given the critical corporate office availability situation in Delhi because of Supreme Court driven sealing by the Municipal Corporation of Delhi of unauthorized commercial facilities, any space available in Gurgaon for the next year or so has already been taken up. Any cluster of development by private developers largely revolves around existing or future transit links. The partial completion of the Expressway project on National Highway 8 was the first such trigger. This resulted in erstwhile unwanted areas such as the Sohna Road to witness frenzied land deals and hectic construction schedules. The sanction of the Delhi Metro line from Gurgaon to Central Delhi through South Delhi has also resulted in several offices shifting base to the suburban city. The power situation, however, is presently a cause for concern. While the HUDA authorities are making efforts to augment the supply with a new facility in Jhajjar, there are no short-term solutions in sight. Currently, developers are taking matters into their own hands and either providing large DG sets to provide back-up or total power or relying on the surplus from industrial supply to channel to residential areas and townships. Water problems in parts of Gurgaon have been addressed but more needs to be done. An action plan to tackle the problem of incomplete sewerage systems has been drawn up but still needs to be executed. Transportation According to a survey conducted by RITES in 2005, Gurgaon witnesses a total of 11 Lakh vehicular trips, out of which 3 Lakh are intra-city each day. The daily total number of trips from Gurgaon to Delhi and back are 2.8 Lakh and 2.98 Lakh respectively. RITES projects that the state vehicular trips within, as well as to and from Gurgaon, will increase to 39 Lakh by 2021. Of these, 15 Lakh will be intra-city and 23 Lakh inter-city. The Delhi–Gurgaon section of highway carries more than 150,000 passenger car units a day and this is likely to increase by over 7% per annum. Gurgaon is connected to Delhi via the National Highway No. 8 (NH8), Mehrauli-Gurgaon Road (MG Road) and Delhi-Kapashera Road. The MG Road and NH 8 remain the lifeline for the city, whereas, the Kapashera Entry point connects Delhi to Old Gurgaon.


To improve transportation HUDA has proposed widening of vital link roads and also new Arterial routes will be drawn. HUDA has proposed the following new road links between Delhi and Gurgaon: 1. 90 meter wide road link between Vasant Kunj in Delhi to Mehrauli road in Gurgaon. 2. 90 meter wide road link from Andheria Mor in Delhi to Gurgaon – Faridabad road in Gurgaon. 3. 150 meter wide road link between Dwarka residential complexes of Delhi to Palam Vihar of Gurgaon. HUDA has also proposed the following to smoothen flow of traffic in the city: 1. For smooth flow of inter-city traffic and intra-city traffic of Gurgaon, a 150 meter wide northern peripheral road and a 90 meter wide southern peripheral road has been proposed. 2. For all new areas, the widths of all sector dividing roads have been kept as 75 meter and 60 meter. Other Initiatives: 1. Authorities have also developed an Auto Market in Sector 10 in an area of 16 hectares. 2. A Transport Nagar has also been developed by HUDA in an area of 28 hectares in Sector 33. 3. An additional “Mass Rapid Transit System Corridor” along the 150 meter northern link to Delhi extending from Dwarka has been proposed in the MPD 2021, extending upto Inter State Bus Terminal proposed near Kherki Daula. 4. Another “Mass Rapid Transit System Corridor” has been proposed along the Mehrauli road, 60 meters road of sector 28–29, the same is proposed to be extended upto the 90-meter link road (Andheria Mor to Gurgaon–Faridabad road) and then further along the said 90-meter link road upto Inter-State bus Terminal. 5. The HUDA is also recarpeting all the master roads which have been constructed before 1995. 6. The HUDA has also taken up the task of widening the Gurgaon-Mehrauli road from four lanes to eight lanes. Gurgaon is severely hit as far as public transport is concerned. All the public transport buses of Haryana Roadways originate from and terminate at the Bus Stand, which is located in the Old City. Buses do not service large parts of the newly developed millennium city. City cabs and auto-rickshaws have to pay taxes across borders despite the fact that there is a huge floating population traveling from and to Delhi from Gurgaon. As a part of the government initiative to improve public transport, the Haryana Government is expected to start a comprehensive CNG bus service between Gurgaon and Delhi by July end, 2007. Initially 20 CNG buses will be put into service between Gurgaon and Delhi. Seven CNG outlets have also been proposed to service this CNG bus fleet. Haryana Roadways has also planned ten low flooring CNG air-conditioned bus services in HUDA Sectors on different routes. For this HUDA authorities have allocatted Rs 3 Crore.


By 2010, Gurgaon will have a 15 km elevated line, which would have eight stations. The stations would be Chhattarpur, Ghitorni, Arjan Garh (last station in Delhi), Garden Estate, Sikandarpur, DT City Centre, IIFCO Chowk and Sushant Lok. HUDA has also proposed an extension of the Metro track from the Sushant Lok till the IMT Manesar area via residential areas such as Sushant lok III and South City II, where there is almost no public transport available currently. Also the extension of Dwarka line to IMT Manesar area has been proposed. Water and Electricity Another problem is that of water supply and sewerage systems. While at the time of development there had been land enough to connect the existing systems with newly laid ones, enforcement was weak and encroachments ensured that what should have been just a few kilometers long had to be taken around illegally constructed colonies. Both the time delay and the longer pipelines resulted in cost overruns. In an effort to ensure proper supply of water HUDA has come up with certain measures such as setting up of control rooms which will work 24 hours and will tackle complaints relating to water and sewage. Currently HUDA has about 100 cusec of drinking water through canal-based scheme at Basai Water Treatment Plant; the authorities have now planned to enhance it to 180 cusecs. This would be sufficient to service the needs of the city as the current requirement stands at about 160 cusecs. HUDA is also taking steps to check the leakages and misuse of drinking water. HUDA has also set up a committee to monitor whether the rainwater harvesting systems installed by colonies and institutions are functioning. At present, two water treatment plants of 20 MGD capacity are functional in Gurgaon. Keeping in view the future requirement, the third sewage treatment plant has also been recently constructed near village Dhanwapur with capacity of 68 MLD (million liters per day). Gurgaon is worse hit by electricity shortages than any other suburb in the NCR. According to the Superintending Engineer, DHBVN, there is a demand of 1 crore units per day, while the supply is 80 lakh units per day. The Haryana power department has anticipated a shortfall of roughly 20-30 lakh units per day during June and July. According to the officials of DHBVN, there is a shortfall of 20 lakh units per day in Gurgaon as the demand is quite high. Residents end up paying heavily for generators and invertors as power cuts for as long as 6 hours is a usual in the city. Some developers have taken the onus on themselves and have started producing there own electricity where per unit charge is higher than that charged by government. A 100% power back-up is now considered a normal feature in the developer establishment. Its not only the residents that are hit by erratic power supply. Corporate houses spend hefty amounts to ensure that operations in swank new offices run uninterrupted. For instance, Ranbaxy moved to a cutom-built 115,000 Sq Ftbuilding in Gurgaon from a rented office in New Delhi. Since then (March 2005), power costs have surged and monthly spending on backup power has jumped sevenfold to Rs 11 Lakh. Similarly, Genpact, which employs more than 6,000 people at two Gurgaon contact centers, spends Rs 10 Lakh per month on power.


Haryana’s power requirement has been projected at 766 lakh units against availability of roughly 730 lakh units in May. During the month of August the demand shoots up by 21% and reaches 930 lakh units whereas, the supply is boosted by just 12% and reaches only 821 lakh units. During the months of April – August, the demand shoots up by 8% in many cities but in Gurgaon the demand is up by more than 12%. This is largely the result of premium office, retail and residential lifestyles in the city. Recently, the Dakshin Haryana Bijli Vitran Nigam (DHBVN) has made it mandatory for the new domestic and commercial connections to use energy saving lamps. According to DHBVN, if each of the 18 lakh consumers replace one conventional bulb with CFL, it would result in saving of roughly 300 MWs of power. The Haryana Government is planning to enforce a policy where it is asking property developers, including HUDA, to provide the land required for setting up power sub-stations in the state. Developers will be asked to earmark and transfer the land required for setting up power substations. Some developers have already allocated space to accommodate these. Additionally, to manage the space crunch, the authorities are planning to construct gas-insulated substations in the state, which require less space as compared to conventional stations. HUDA’s Role in Gurgaon’s development In spite of all the infrastructural backlogs the HUDA hasn’t failed totally. The issues are still at a stage that they can be addressed. HUDA has earmarked Rs 776 Crore for its three years External Development Plan. HUDA has allocated money for services like water supply, roads, society welfare development, sewerage, building, street lights, horticulture and fire fighting. The pain areas for HUDA remains water supply and roads but a significant amount has been earmarked for services like society welfare development, horticulture, building and sewerage. Though nominal, but services like street lights and fire fighting have also been taken into consideration. It would be interesting to note that HUDA has set aside more money for services like horticulture rather than sewerage which is a major issue in metros like Mumbai and Delhi.


Total Service Wise Composition of Rs. 776 Crore in 2007-09

Horticulture

7%

SWD

13%

Sewerage

6%

Water Supply

53%

Roads

13%

Fire Fighting

1%Street lights

1%

Buildings

6%

HUDA’s desperation of improving the water supply in the city can be gauged from the fact that it will be spending about Rs 400 Crore or 53% of the total amount on development of water supply. HUDA would be pumping in more money each year to improve the situation from Rs 36.20 Crore upto 2007, Rs 50 Crore in 2007-08 and a whooping Rs 271 Crore in 2008-09. Even though HUDA plans to spend only Rs 100 Crore or 13% of the total amount on development of roads, it is on the top priority of the authorities as Rs 60 Crore would be spent upto 2007, Rs 21 Crore in 2007-08 and a mere Rs18 Crore in 2008-09. The amount earmarked for roads is diminishing as laying of roads is an one time expenditure and once incurred it only need to be maintained, which involves lesser cost. Chat with Mr SP Gupta, Ex-Administrator, HUDA, Gurgaon. With the new masterplan under its belt, the Haryana Urban Development Authority (HUDA) promises to bring about uniform development in Gurgaon catering to all segments of the society. Administrator S.P Gupta tells about HUDA’s development plans for Gurgaon. Q1) What, in your perspective, is the most salient feature of the new masterplan for Gurgaon (2021)? A. The revised new masterplan, which be ready by the end of this month, contrary to the prior masterplans is much more flexible and people-oriented. It emphasizes on public-private partnership. Earlier, for instance, commercial development within the sectors was held to be the government’s domain. But we do not have funds enough for that. According to the new masterplan, in each of the sectors, 50 per cent of the commercial development will be assigned to private developers on first-come-first-serve basis. Any private developer who has purchased land can apply for the change of land use and construct commercial development. HUDA will start acquiring the land for the 50 per


cent development that we have to undertake, once the plan gets finalized. This partnership would ensure large-scale commercial activity. Q2) How does this masterplan intend catering to all segments of the society? A. To include all segments of the society, within one sector, we would be providing options for all - commercial, residential (high-middle-low-EWS), public conveniences etc. For this, HUDA would be selling plots for residential development and auctioning for commercial spaces. Q3) How do you plan to upgrade your utilities to international standards? A. We will be resorting to advertising for this purpose. We would also be improving city’s infrastructure by providing dustbins, guide maps, signage, public toilets and mobile/catering vans in each market. Q4) Presently, where the encroachment rate is high, what steps are being taken to remove them? A. With the support of the Ministry for Poverty Alleviation and the beneficiaries, HUDA has proposed for a slum rehabilitation programme - “Aashiana” for upgrading the slums and EWS. HUDA will pay some amount of the funds, the ministry will support us with funds and some funds will be paid by the beneficiaries. But this land will be given on a leasehold basis. We will not convert them to freehold unless the user has been staying there for at least 15 years. We intend to create a system of inspection twice a year for this purpose. This, we hope will eliminate the prospect of those plots being sold at market values. I am also proposing a 1 lakh houses scheme where the repayments would be Rs 100 per month for families below the poverty line(BPL), Rs 1,000 per month for Economically Weaker Section Families and Rs 2,500-3,000 per month for those in the Lower Income Group category. Q5) You have recently directed that construction should be completed on plots which were allotted over 15 years ago. What has been the response? A. Regarding the vacant plots, if the construction on them does not finish within a given timeframe (thirteen plus two years), the plots will be resumed by HUDA. We have already received over 3,000 application for sanction of building plans. This will eliminate speculators. Already it has started impacting values of plots in Gurgaon. Even in our new schemes we want to eliminate speculation and want end users to purchase and stay here. For this purpose, we are keeping the prices of the plots very nominal. We have also schemes for sanction of plots wherein only one applicant can apply for one plot. Q6) Inter and intra city transportation and traffic congestion are today issues of prime concern in Gurgaon. What is being done to improve the transportation facilities? A. We will be starting the inter and intra city C.N.G bus services by February. For this we are proposing world class bus shelters as well, whose advertisements would be on air and in print from next week. Restricted use of the small transportation like autos, taxis and cycle rickshaws will be allowed where ever it is needed. The construction of the national highway would be completed by September 2007, which will considerably cut down on the traffic congestion except at the Hero Honda zone, which will be taken care off by a separate flyover.


Also, the service road construction with pedestrian green belts on either side on the MG road which is in full swing will clear much of the traffic and even provide the central verge free for Metro groundwork. Particularly, in Sikanderpur, to cut down the traffic, alternate route (9A) from the MG Road to Faridabad road is being developed and will be ready in six months. Q7) What is being done to alleviate the existing water shortage, inefficient storm water drainage and sewerage system? A. There are many deficiencies in the existing water supply, storm water drainage and sewerage systems. For this we have appointed consultants who will be making suggestions and accordingly we will be making our estimate so that all deficiencies are dealt with in one go. This will be done in 2007 itself. We are also promising a uniform street light system in Gurgaon within one year time. The specific quantum of light as per the area requirement will be given to all areas through computerized systems. Q8) There is immense power shortage in Gurgaon. What do you have to say about this? A. A power plant from Jhajjar has also been signed by the Haryana State Electricity Board (HSEB). Q9) How well is Gurgaon prepared to for welcoming the Metro? A. The service road construction on the MG road is in full swing will provide the central lane free for Metro groundwork. We will also be acquiring 3-4 sites for parking on MG road on emergency basis. Further, to avoid any inconvenience due to power shortage in the construction of Metro sub-stations (440, 220 and 66) will be installed at some sites such as MG road sector 57 and Sikanderpur. Q10) Any hopes of extending the Metro from Dwarka to Gurgaon? A. The Haryana Government wants it, but it entirely depends on the Delhi Government. Q11) What all development work is being carried out at Gurgaon in anticipation of the Common Wealth Games? A. With the latest meeting with the Central Government, it was known that there is a requirement of 1, 33,000 rooms. But with barely 10,000 rooms at our disposal, we are developing more hotel sites. For this, almost every month, we are auctioning one hotel site to the private developers. Q12) Gurgaon has an edge over other N.C.R areas because of its proximity to the domestic and national airports. How do you propose to improve the existing links? A. The new masterplans’s highlight is the improved connectivity for Gurgaon by providing three new road linkages which have been sanctioned: - a link between Palam Vihar and Dwarka (it would be the biggest road of 210 meters with 150 meter of road and 60 meter of green belt on either side). - a link between Nelson Mandela Road and DLF ( MG road). - a link between Andheria Mor and Gurgaon Faridabad road. This will ease the traffic to a great extent and also efforts are being undertaken to develop the Old Delhi-Maruti road as one of the best industrial roads.


Q13) Gurgaon, having become the commercial hub, what has been the significance in terms of excise revenues? A. With the increasing number of retail outlets, there has been a significant increase in the excise and tax revenues. Even the huge software exports contribute to this. The impact can be assessed by the fact that a commercial site was auctioned for Rs 1,400 crore, over 4 times the revised reserve price. This is why we are able to plough all this revenue back into improving the city. Q14) What is the impact of SEZ on Gurgaon? A. This has definitely led to the boost in production in every sector and given rise to township and employment to a large number of people. Q15) How about enhancing the rail connectivity to and within Gurgaon? A. The Railway Authority will be introducing new express trains to Gurgaon to be inter-connected to Metro. Besides, chances of having cargo hubs in SEZ are also there. Q16 How do you plan to revive the old water-bodies and hillocks of Gurgaon which can well serve today as recreational centers for the people? A. We have applied to the Defence Ministry for developing a big vocational center near the old Golf Course (HUDA) in 10,000 square yard area along with a Leisure Valley Park. Besides, in sector 52, we will be having water-bodies along with a botanical garden. We also intend to rename our roads, streets and round-ups on the names of the national leaders .


ECONOMIC INDICATORS

Gurgaon a part of the National Capital Region, is one of Delhi's four major satellite cities. This southern-most district of Haryana, is bounded by Rohtak and Delhi on its north, Faridabad on its east, Rewari and the State of Rajasthan on its west and it shares boundaries with the states of Uttar Pradesh and Rajasthan on its south. The present Gurgaon district comprising nine blocks Tauru, Nuh, Pataudi, Nagina, Punhana, F.P.Jhirka, Sohna, Gurgaon & Farrukhnagar was created on 15 August, 1979. Located at 28.47° N 77.03° E, Gurgaon has an average elevation of 220 metres (721 feet). As of 2001 India census, Gurgaon had a population of 173,542. Males constitute 54% of the population and females 46%. Gurgaon has an average literacy rate of 77%, higher than the national average of 59.5%: male literacy is 81%, and female literacy is 73%. The Haryana State Government is giving utmost priority to the IT Sector and Information Technology Enabled Services (ITES) and is laying due stress on promoting IT in all Government Offices so as to improve efficiency, transparency and the public services delivery. For making the economy of the State IT driven and for ushering in IT culture in the State, the Haryana Government has formulated IT Policy under which there is a provision for various special incentives for IT, ITES and Business Process Outsourcing (BPO) industries like preferential allotment of land for IT industry, relaxation in FAR, priority in time-bound loan, relaxation in pollution control, rebate in stamp duty, exemption from electricity duty for 5 years to new IT units , self-exemption from various other rules and regulations etc. The State Government has also announced policy for Technology Parks, in which considerable flexibility is being given for setting up Technology Parks and IT Corridors. Gurgaon has emerged as the preferred destination for private entrepreneurs especially in the sectors of IT, ITES and BPO companies. The export of Software from Haryana has increased from Rs. 890 Cr in 1999-2000 to Rs. 10070 Cr in 2005-06. The State economy continued to record an excellent growth during 2005-06. At current prices, the Gross State Domestic Product of Haryana has been estimated at Rs. 100675.55 Cr in 2005-06 as against Rs. 89430.64 Cr in 2004-05, recording a growth of 12.6 percent. The excellent growth of 8.1 percent in the Gross State Domestic Product in real terms during 2005-06 is mainly attributed to impressive performance of Construction, Transport, Trade, Other Services, Communication and Manufacturing Sectors. During 2006-07, the highest growth of 17.1 percent was recorded in Construction Sector followed by 14.7 percent in Transport Sector, 12.9 percent in Trade Sector, 11.7 percent in Other Services Sector, 11.2 percent in Communication Sector and 9.1 percent in Manufacturing Sector. Haryana’s new Industrial Policy of 2005 has played a prominent role in creating a global platform for industries in Haryana. Excellent law and order situation, cordial labour


relations, better infrastructure facilities, simplified rules & procedures and cosmopolitan ambience has made Haryana a perfect destination for investment. Today, Haryana has 1290 large and medium units and about 80000 small scale units. The exports from Haryana during the year 2005-2006 has crossed Rs. 25000 Cr. The State has received 72 proposals for setting up Special Economic Zones (SEZs) with an investment of more than Rs.175000 Cr and employment potential for more than 20 lakh persons. 49 proposals have been granted in principle formal approval by Government of India. During the year 2006-2007 (upto December,2006), 65 SEZ proposals were received with an investment of Rs. 166238 Cr and employment potential for 1600000 persons. During the year 2006-2007, a number of projects under Public-Private- Partnership mode have been initiated in the State viz. Nano-City at Raipur Rani (Panchkula) with an investment of Rs.2000 Cr, multi-product SEZ by Reliance Industries Ltd. with an investment of Rs.40000 Cr, multi-product SEZ at Gurgaon by M/s DLF Universal Limited with an investment of Rs.26000 Cr, multi product SEZ at Ambala by M/s DLF Universal Limited with an investment of Rs.1950 Cr, multi-product SEZ by M/s Unitech Haryana SEZ Ltd. at Kundli with an investment of Rs.22000 Cr. For better management of law and order situation in the State, the State Government has already established Police Wide Area Network connecting all Range Headquarters, District Headquarters, Police Stations and State Crime Record Bureau (SCRB), Madhuban. On-line Khazana System (OTIS) Registration of Property (HARIS) and Computerization of Land Record System (HALRIS) processes are going in a big way. E-Disha, a single point multi-service delivery system for Haryana is also being set up. These centres have been set up in 18 districts of the State for providing citizen centric services like driving license, registration of vehicle, registration of births and deaths, caste and residence proof and are being launched in other district as well. The State Government mobilises financial resources through State’s own tax and non-tax revenue, share in central taxes and grant-in-aid from Central Government to meet the expenditure on administration and developmental activities. The Total Revenue Receipts of Haryana Government are estimated at Rs. 13746.65 Cr in 2006-07 (Budget Estimates) as against Rs. 13853.31 Cr in 2005-06 and Rs.11149.06 Cr in 2004-05. Tax revenue (State's own taxes and share in central taxes) is estimated at Rs.10685.85 Cr in 2006-07 (B.E.). It was Rs.10279.62 Cr in 2005-06 and Rs. 8059.53 Cr in 2004-05. Tax revenue is estimated to 77.73 percent of total revenue receipts in 2006-07 (B.E.). This percentage was 74.20 in 2005-06 and 72.29 in 2004-05. Tax revenue is estimated to increase by 3.95 percent in 2006-07 (B.E.) over 2005-06. The share in central taxes is estimated at Rs.1103.55 Cr in 2006-07 (B.E.) as against Rs 1200.97 Cr in 2005-06 and Rs.619.26 Cr in 2004-05 which 100 shows that the share in central taxes is likely to be decreased by 8.11 percent in 2006-07 (B.E.) over 2005-06. The grant-in-aid from Central Government is estimated at Rs. 1079.84 Cr in 2006-07 (B.E.) as against Rs. 1115.13 Cr in 2005-06 and Rs. 545.16 Cr in 2004-05. It indicates that the grant-in-aid is likely to be decreased by 3.16 percent in 2006-07 (B.E.) over 2005-06.


According to Economic Classification of the Haryana Government Budget, the total expenditure is estimated at Rs. 15978.60 Cr in 2006-07 (Budget Estimates) as compared to Rs. 14815.49 Cr in 2005-06 (Revised Estimates) showing an increase of 7.85 percent in 2006-07 (B.E.) over 2005-06 (R.E.) whereas this increase was 18.91 percent in 2005-06 (R.E.) over 2004-05 . Administrative Departments of the Government are estimated to constitute 87.82 percent expenditure in 2006-07 (B.E.) as against 87.64 percent in 2005-06 (R.E.) and 88.48 percent in 2004-05 .Departmental Commercial Undertakings of the Government are estimated to constitute 12.18 percent expenditure in 2006-07 (B.E.) as compared to 12.36 percent in 2005-06 (R.E.) and 11.52 percent in 2004-05 . The Deputy Commissioner, an officer belonging to the Indian Administrative Service, is the overall in-charge of the General Administration in the district. He is assisted by a number of officers belonging to Haryana Civil Service and other Haryana state services. The Superintendent of Police, an officer belonging to the Indian Police Service, is responsible for maintaining Law & Order and related issues in the district. He is assisted by the officers of the Haryana Police Service and other Haryana Police officials. The Deputy Conservator of Forests, an officer belonging to the Indian Forest Service, is responsible for the management of the Forests, Environment and Wild-Life in the district. He is assisted by the officers of the Haryana Forest Service and other Haryana Forest officials and Haryana Wild-Life officials. Sectoral development is looked after by the district head/officer of each development department such as PWD, Health, Education, Agriculture, Animal husbandry, etc. These officers are from various Haryana state services. On the connectivity issue, an eight lane toll expressway between Gurgaon and New Delhi, operational in May 2007 now provides non-stop connectivity to the International Airport and Dhaula Kuan in Delhi over a distance of 28 kilometers (18 miles), and includes 7 flyovers and 5 underpasses along the stretch. The Main Bus Depot of the city is the oldest and most used. It connects not just to nearby Delhi but all neighbouring towns. The buses to Delhi are the most frequent and have a choice of routes between AIIMS (via Mehrauli) and Dhaula Kuan. It also connects to Rohtak (2h15"), Jammu (12h), Faridabad (45min") to name a few. The bus service has remarkably improved after the construction of Golden Quadrilateral — a four lane highway passing through the city. Gurgaon has its railway station located at the extreme corner of the city. The rails connect to both Rewari on one side and Delhi Cantt on other. Daily commuters using the trains either come using two wheelers and buy a monthly parking ticket or use the shared auto rickshaws that do trips between the station and the main bus depot. Plans to extend the Delhi Metro to Gurgaon have now been formally approved by both Delhi and Haryana governments, both having reached a cost sharing arrangement. The work have already started in isolated pockets along the route. Hence, Delhi Metro to Gurgaon can now be expected by year 2010. The metro underground work has started at Sikandarpur, Sushant Lok, DLF in Gurgaon. The Delhi Metro is expected to reach Rajiv Chowk very soon.


The city is home to a Number of reputed educational institutions - MDI, ITM (Insitute Of Technology and Management), Indian Institute of Law, The State Bank training Academy, The Fertiliser Development Institute, Potash Research Institute, The Ansal Institute Of Higher Education, Gurgaon Institute Of Dental Sciences, Dronacharya College Of Engineering, Apeejay College Of Engineering, Institute for International management and Technology (IIMT)which is in colaboration with Oxford Brookes University, UK. Gurgaon is also home to some of the very best residential and day schools like - Ryan International School, Delhi Public School, Blue Bells Model School,Colonel's Central Academy, Our Lady of Fatima Convent High School, DAV Public School, Amity International School, Shalom Hills International School, The Heritage School, Scottish High International School, Tagore International School, Suncity World School, The Sriram School, Shikshantar School etc.


MASTER PLAN

The HUDA has a total area of 33,926 hectares under its Gurgaon-Manesar Plan 2021, servicing a total population of 37 lakh (as per 2021 census). In the old master plan which was valid till 2001, a total of 9,881 hectares of land had been earmarked. While the old plan catered to the population of Gurgaon only (22 lakh), the new one includes that of Manesar. It is evident from the new development plan that Gurgaon is stretching its boundaries to Manesar and it will be the new area for development. Many builders have started acquiring lands in Gurgaon Manesar Expressway to develop townships. A comparison of old master plan with the new master plan has been provided below:

Comparison of Old Master Plan 2001 Vs New Master Plan 2021

Land Uses As Per 2001 As Per 2021 Additional

Area (In

Hectares) % Area (In

Hectares) % Area (In

Hectares) %

Residential 6243 63.18 14380 42.39 8137.00 33.84

Commercial 220 2.23 1199 3.53 979.00 4.07

Industrial 1349 13.65 7023 20.70 5674.00 23.60

Transport & Communication 665 6.73 4299 12.67 3634.00 15.11

Public Utilities 0 0.00 469 1.38 469.00 1.95

Institutional 302 3.06 1695 5.00 1393.00 5.79

Open Spaces 363 3.67 2662 7.85 2299.00 9.56

Special Zone 106 1.07 106 0.31 0.00 0.00

Defence Land 633 6.41 633 1.87 0.00 0.00

SEZ 0 0.00 1460 4.30 1460.00 6.07

Total 9881 100.00 33926 100.00 24045.00 100.00

According to the latest Masterplan, 58 more sectors will be developed in addition to the existing 57, taking the number of sectors to 115. The new plan has provisions for public utilities and SEZ and also provision for wider roads and allocation of more areas for residential, commercial and institutional purposes. HUDA has also added a buffer zone in the new master plan. The buffer would be green open spaces dividing the industrial zone from the other zone. Out of the total area about 8% has been left as open spaces, as against about 4% in the old development plan, providing more greenery in the urban area. Residential


HUDA anticipates that the population of Gurgaon will grow from the current 22 lakh to 37 lakh by 2021. To accommodate this population HUDA has reserved 14,830 hectares or 42% of the total area for residential purposes. The additional residential area of 8,137 hectares would accommodate the additional 15 lakh people. The existing towns and villages within the area are also accommodating a population of about 2 lakh. HUDA and other licensed colonizers have already developed residential area of 8,000 hectares in various residential sectors. HUDA would be developing the new residential areas on the basis of the neighborhood concept by making provision for community facilities and services within the sector with an average net residential density of 80 persons per acre. To provide for residential area near industrial sectors and to reduce the commute to the work place, adjacent residential sectors have a high density of 150 persons per acre, whereas the other sectors have a residential density of 100 persons per acre. With the development of new sectors, investor can expect a breather as property prices in these new sectors would be considerably lower than that of existing Gurgaon. Due to paucity of land, developers were only venturing into high end apartments but with the development of new sectors, all sections of society is expected to be serviced. Developers have ventured into the newly demarcated sectors and have already acquired land banks. For instance, Raheja Developers is planning six projects of about 6,000 apartments in some new sectors. Commercial In the new master plan an area of 1199 hectares or 3.5% of the total area has been reserved for commercial purpose as against an area of mere 220 hectares or 2% of the total area earmarked in old master plan. Out of the total area reserved, HUDA has already developed about 480 hectares of land. As against providing a whole sector for commercial activity like the “City Centre” in Sector-29, which was a central location with linkages to all parts of Gurgaon, the new commercial area proposed in the development plan shall be developed in the form of big commercial malls and corporate commercial complexes. The new master plan also has provisions for commercial pockets in residential areas. Commercial belts with a width of 200 meters have also been provided on certain stretches, often those located parallel to the proposed metro lines and at places parallel to the 90 meter wide southern peripheral road. Industrial In order to satisfy the increasing demand for industrial space, an area of 7,023 or 21% of the total area has been reserved for development as against an area of 1,349 hectares or 14% of area reserved in old development plan. The additional area of 5,674 hectares will cater to software industries, automobile industries and other pollution free hi-tech industries. The new industrial areas have been proposed along the express highway adjacent to IMT Manesar and a metro line has also been proposed, which will terminate at Manesar village. The Haryana State Industrial Development Corporation (HSIDC) and HUDA have already developed an area of 1246 hectares of industrial complexes. These include the Udyog Vihar Phases I-V, Pace City, Infocity and stand-alone industrial units. Institutional In order to meet the institutional demand to accommodate 37 lakh people, an area of 1695 hectares or 5% of the total area has been proposed for public and semi public uses. This category includes facilities such as the Mini Secretariat and Judicial Complex, Jail/Police Stations, Educational Institutions, Medical Institutions and Defence Land. Out


of the total planned area, 135 hectares has already been developed by HUDA. Most of the new development would be near the Manesar area and adjacent to the proposed metro station.


LOCATION WISE

PALAM VIHAR Palam Vihar was the dream project of Ansals who wanted to develop it as Gurgaon’s elite neighbourhood. The dream has only partly come true due to problems of accessibility. Otherwise the colony has been developed as a neat and clean blissful zone for residents with a pleasant countryside feel to it, what with vast chunks of land still available, less congestion, greenery, wide roads, cleanliness- everything which an end-user can ask for. On the other side (Udyog Vihar) side of the National Highway No. 8, Palam Vihar was developed in 1983-84, chiefly by the Ansals group, around the same time when they developed Sushant Lok in Gurgaon. But the profile of the two Ansal colonies is quite different. While Sushant Lok has emerged the hotbed of real estate activity in Gurgaon, Palam Vihar has witnessed many lull periods in real estate transactions. The lull in real estate activity in Palam Vihar may be attributed to ‘poor accessibility’ as it lies four km from NH8 and further off the MG Road which are the two main linkages from Delhi to Gurgaon. Also, the approach from Brijwasan is not impressive. “The area has everything going for it other than its lack of accessibility which is a deterring factor”, says Gurgaon based real estate consultant Ashok Arora, “Though there is abundant land available in Palam Vihar and people have plush bungalows and there is scope for more development, but investors are heading for Jaipur and areas outside of NCR rather than Palam Vihar,” he further adds. Also, there have been a series of burglaries in Palam Vihar in the recent past. Thus, security has become an issue. The colony has been developed as a neat and clean blissful zone for residents with a pleasant countryside feel to it, what with vast chunks of land still available and less congestion, greenery, wide roads, cleanliness. According to Mahesh Yadav, property broker in Palam Vihar- “Though the approach is not good, it is a beautiful colony unlike other up market localities within Gurgaon such as DLF, Sushant Lok etc.” Moreover Palam Vihar has got a fresh lease of life ever since the time direct link of Palam Vihar to Dwarka (a 75 m road is announced connecting Dwarka and Palam Vihar) was announced and this will be constructed in an year and a half. “With saturation of supply and sky rocketing prices hitting the MG Road area and its vicinity, people are moving towards Palam Vihar which is an attractive residential option owing to its green, well laid out environs, a high quality population mix and comparatively affordable pricing,” says Arora. Residential: Palam Vihar has largely been Ansals development and the Company’s first projects were Duplex Houses and Celebrity Homes. The ongoing residential projects include Jade Villa, Jade Home, Jade Executive, Spanish Terraces, Cozy Homes and Garden Homes. The commercial projects include Spanish Court (shopping- cum- office complex) and Ansal Plaza (shopping mall with multiplex). In additional Ansals API is planning to have more residential schemes in this township and to pushing commercial development in the area with good infrastructure and other facilities like education, medical, banking etc. Apart from Ansals, other builders like Cosmos and Bestech Group too have their projects in this area.


Palam Vihar’ residential profile includes a mix of plotted development, 2-3 BHK apartments as well as a few builder flats. The plot sizes range from 66 Sq Yard to 173, 270, 360, 520, 800, 1000, 1200 Sq Yd and the cost varies from Rs 28000-38000 Rs/sq yd. 2BHK apartments of size 1140 Sq Ft are available for Rs 32 Lakhs while a 3 BHK apartment of size 1450 Sq Ft is available for Rs 45 lacs. The 3 BHK options have a lot of takers and its size ranges from 1145 Sq Ftto 2365 Sq Ft costing from 38-95 Lakhs. Penthouse and independent villas, worth above 1 Cr are also available. There are a good number of villas on a plot size of 520 sq yard available for Rs 2.5 Crore. The demand is basically for 2/3 BHK apartments and a lot retired people as well as ex-defence personnel prefer this area. Infrastructure: The physical infrastructure comprising roads, water, electricity and basic amenities are there. There is a good social infrastructure in the area with clubs such as the Chancellor club, Vyapar Gain market for clothes, hardware, jewels, grocery. Schools include Rotary Public School, Chiranjeev Bharti Public School, Amity International School, Gyan Jyoti Airforce School and Air force Senior Secondary School. The hospitals include Dr. Lals Pathology Lab and T.B Hospital, all in the vicinity of Sector 5. In public transport, one can take the passenger autos or tempos till Brijvasan or Capashera border and then avail the DTC or the local buses to reach Dwarka, which further connects it till Indraprasta through Metro. Other than this, well built roads, proximity to gurgaon Bus Stand is also an added advantage.


SOUTH CITY

South City I was developed in the early to mid-1980s by Unitech Ltd. It is divided into blocks A to Q. While Greenwoods City, across the road, was developed by Unitech as a city with no skyscrapers, South City I had two high-rises South City Heights and Ivory Towers. Recently Palms, Uniworld City and Spa have also been developed in South City I. At a time when DLF was developing highrises, Unitech South City and Greenwoods City was the choice of those who preferred low-rise developments. Plots of various sizes ranging from 230 sq yd to 800 sq yd are available. The EWS component of these plotted developments have been sold as 60-80 sq yd plots adjoining the larger plots. The first sale of plots was largely to investors, a large number being non-resident Indians. As a result the percentage of occupancy has been low. The sale of plots picked up in 2002-2003, when buyers were looking for low-rise developments after the Bhuj earthquake. Developers such as Ashiana started purchasing plots in the open market and developing them into builder floors. This came to an end in 2004 when the Gurgaon administration issued a notification that single floors on a plot of land would not be registered.

South City I

APARTMENTS Unit price/Sq. Ft. (in Rs.)

BUILDER FLATS Unit price/Sq. Ft. (in Rs.)

PLOT Unit price/Sq. Yrds. (in Rs.)

2 BR 4369 3846 40000

3 BR 4573 4390

South City II 40000

2 BR 4363

3 BR 4857 4872

Since then the plots in South City I are being purchased by individuals who want to construct single homes. As a result the smaller plots sell better than larger plots which are not finding too many takers. Though South City I is 5 km away from DLF City, South City is centrally located and wells serviced with daily needs options to service its residents. World class apartments, adequate physical and social amenities all invite the affluent end users to be a part of this community. Situated on the NH 8, the South City I has two approaches - one from the sector road towards Sohna and other from sector Road towards Signature Towers and the Hindustan Lever Building. Further up on the sector road to Sohna is Nirvana Country on the left, about 3 km from the main road. Further up is South City II which extends from Nirvana Country to the Sohna Road. It is about 5-7 km away from South City I towards the Sohna Road. This was developed much after South City I and was extremely popular for the Singleton apartments created by Unitech here in 2002-2003. This too fizzled out after the HUDA ban on single floors. Uniworld Gardens, a high-rise on the Sohna Road, is developed by Unitech adjoining South City II. There are plotted developments too here. South city II is divided into 10 blocks.


All Unitech developments – South City I and II, Nirvana Country, Uniworld City, Spa and Gardens are well laid out with wide roads and stand alone commercial facilities to service daily needs. In South City I the Arcade and the Silokhra market service the requirements while South City II also has its own commercial complex. Nirvana is serviced by South City II currently, but will have its own commercial complex which is under development. Both have well equipped clubs with sports facilities, gyms and swimming pools. Infrastructure facilities: Water: South City I has no water shortage. The water supply is undertaken by the maintenance wing of the developer which routes the municipal supplies to residents in the area. In the apartments Unitech provides 24-hr water supply through its water tanks. Similarly no water shortage is encountered in South City II. Power: There is definite shortage of power with an hour-long cut in the morning and night from 8-9 respectively. There are also many more power otages through the day, as in the rest of Gurgaon. However, this problem is taken care off by providing 100 per cent power back-up to the apartments. Those with individual dwelling units need to make their personal arrangements for the same, except in Nirvana Country where the developer provides back-up supply for a fee. Roads: The roads are good, well maintained and with pedestrian paths in both the parts. As per reliable sources, HUDA had sanctioned a loan six months ago for repairing the roads which were not in a good condition. Phase 1 also has proper street lights unlike Phase II. Transport: South City I lies adjacent to the proposed Sushant Lok Metro Station which will provide easy connectivity to all parts of the city and to Delhi and Noida. There are no bus services yet but the promised HUDA bus service will service both South City I and II. Currently, the nearest bus service is either on the highway or near Sector 56. Cycle rickshaws are the most common mode of transport though some shared auto rickshaws also ply. Schools: Shikshantar School by Unitech in Phase 1, DPS in Sushant Lok and Sec 45, Ryan International school, Alpine, Amity and Euro International and a host of other schools are accessible. Colleges: The Gurgaon School of Law and Management in Sector 40 is located next to South City I. Colleges on MG Road such as Govt. College, IILM, Ansals Institute of Technology and the Ansal’s School of Art and Architecture, Sushant Lok are accessible. Hospitals: Since South City I is in close vicinity of DLF and Sushant Lok, hospitals like, Privat, Umkal, Uma Sanjeevini, Paras, Sri Ram etc lie within the range of 2-3 kms. Medicity (under construction) and Kalyani are also accessible. Markets: The South City Arcade is indeed a very good market and the village Silokra market provides for much of the needs of the localites and in fact, is one of the major cause for the traffic congestion in evening in the region. Besides, markets of Sector 14 and 29 are also approachable. Also the malls on the MG Road which are close by, offer a great shopping experience to the people.


Clubs and Parks: The Unitech Country Club (both in part 1& 2) and the HUDA Gymkhana club are accessible. Besides, every high rise residential complex has its own club. Membership of these clubs is above Rs 50,000, of which just 20 per cent is refundable. There are small neighbourhood parks. Some areas initially earmarked for parks have been converted into plots by Unitech. The parks are better maintained in part 1 but are more in numbers in part 2. Sewerage: All builders provide for appropriate sewerage disposal systems. WHAT IS BEING DONE? The Uniworld Spa, a premium residential complex is under construction in part 1. Though the connectivity is really good from part 1, better transportation needs to be developed for part 2.


NIRVANA

Unitech’s Nirvana Country was a landmark project that set new standards for development and facilities in Gurgaon. However, poor transport connectivity and shopping facilities are roadblocks. Nirvana, a project launched by Unitech was one that remained nascent for a long time. Its turning point came when once the sample apartment was ready, the developer announced that power back-up would be provided for even standalone villas and townhouses. This was one move which swung the market and the prices escalated from Rs 28 lakh to over Rs 75 lakh within a space of a few weeks. It is also a significant development as it altered the notion that power back-up would only be provided by developers in high-rise buildings. After Nirvana various developers started offering similar facilities and it also marks a water-shed project which altered the price ranges in the city. Nirvana, unlike Unitech’s earlier South City I and II projects, was not on a major sector Road. It is tucked away from the MG-Sohna Road and is separated from the Sohna Road by South City II. However, it has a premium tag attached to it and currently all residential units retail for over Rs 80 lakh to Rs 2 crore. Nirvana Country is divided into 6 blocks: A (Aspen Green consisting of villas), B (Birch Court with villas), C (Cider Crest with plots), D (Deerwood with villas), E ( E- Space also with villas) and F( Fresco which is under construction comprising of high rise 18 floor apartments; providing for 2 & 3 bedroom options). Besides, Close (north and south), Escape and Harmony are under construction. There is tremendous demand for residential units within Nirvana Country. Presently there is just 20 per cent occupancy here. The unit prices for the residential values are given in the table below:

APARTMENT Unit price/Sq.Ft.

(in Rs.)

BUILDER FLAT Unit price/Sq.Ft.

(in Rs.)

PLOT Unit price/Sq. Yrds. (in

Rs.) 2 BR 6600 3 BR 5800 6000 45000 4 BR 3675 3700

There is no water shortage here with adequate municipal supply also augmented by Unitech, the chief developer which ensures 24-hour water supply. There is 100 per cent power back-up for plots, villas as well as apartments, on payment of extra service charges. The roads here are well-maintained and polished. But since it is off main roads and there is no provision of any kind of public transport, accessibility is an issue here. Personal vehicles are a must for staying at Nirvana. It is not clear whether the proposed air conditioned intra and inter city bus service proposed by HUDA from February will cover Nirvana as well.


There is no school or college within this development. Space has however been allocated a nursery and primary school here. However, schools in Sushant Lok, South City, and DLF City as well as in the HUDA sectors are accessible from here. While there is no provision for a hospital here, Paras Hospital is 8 km away and the proposed Medi city would be very easily accessible from Nirvana Country. Nirvana does not have any dedicated local needs facility and has to rely on South City II for the same. However, it has good entertainment options with easy access to the Unitech Club as well as the Nirvana Club which is under development. A life membership comes for Rs. 55000. The clubs provide for facilities like swimming, sports, pubs, halls. There are only 5 parks, and 6 more are to come up. As such there is no problem of sewerage disposal, but since under construction, during rains water logging is there. With 3 more projects in pipeline and a shopping complex, the problems of daily needs may be met as soon as there is a critical mass of residents in the development. Transport connectivity is the biggest problem in Nirvana country which needs to be tackled on an urgent basis.


SUSHANT LOK SUSHANT LOK I developed by the undivided Ansal’s group lies in the heart of new Gurgaon. Sushant Lok II and III are further away but currently under development. Developed by the undivided Ansals group Sushant Lok is situated in the very heart of new Gurgaon. It extends from NH 8 and MG road nd lies on the road connecting IFFCO chowk and the Sohna Sector Road. SL I comprises of plotted development. It is a preferred, happening and expensive locality and is divided into C, C1, E & B blocks with Block C having maximum occupancy. Sushant Lok D Block, adjoining the Power Grid residential complex, is a premium sector housing exclusive villas. This functions as a small gated community and is extremely well maintained.

APARTMENTS Unit price/Sq.Ft.

(in Rs.)

BUILDER FLATS Unit price/Sq.Ft.

(in Rs.)

PLOT Unit price/Sq. Yrds.

(in Rs.)

Sushant Lok I 45000

2 BR 4351 3333

3 BR 4221 4687

Sushant Lok II 35000

Society Flats

2 BR 2916 3333

3 BR 3000 3750

Sushant Lok III 32000

2 BR 2666 3166

Sushant Lok II and II are located further away from the heart of the city. However, with the development of Sector 57 and DLF Phase V, it has again seen revived interest. All theree Sushant Loks are well-laid out with ample area left for parks and social infrastructure. It houses schools, hospitals, shopping complexes and hotels. The wuality of ythe built developments were a little weak but the plotted sectors are in great demand. The best attraction is the metro link which is currently under construction. This will provide easy connectivity to all parts of Delhi and Gurgaon. Sushant Lok also has high-rise apartments – Sushant Heights and Sushant Apartments. Infrastructure facilities: Water: The high rise buildings provide 24-hr water supply, but the ones residing in their individual buildings only get a 3hr water supply in morning and evening respectively. Builder floors are provided with their own tanks.


Power: There is 80-100 per cent power back-up for the high rises. Individual bungalows have to provide their own power back up systems; Roads: Roads are well developed and maintained and quick repairs are there in case of any defects; street lights are provided. Transport: The Metro station Sushant Lok will service this sector. Other than DTC and Haryana Roadways, Chartered Buses by Santosh Travels Pvt. Ltd. is provided to commute to Delhi and IFFCO Chowk. Other than this auto and cycle rickshaws also ply. Schools: There is DPS in B Block Sushant Lok I, other than this the schools of DLF (Sri Ram, DPS, Amity, Summer Fields etc; ) and South City are accessible. There are also many play schools in Sushant Lok. Colleges: School Of Art and Architecture is located here. Besides, colleges on MG Road like Govt. College, IILM, Ansals institute of technology are accessible. Hospitals: Umkal Hospital and Heart Research Center, Sheetla Hospital in SL I. Also, hospitals like, Privat, Paras, Uma Sanjeevini, Paras, Sri Ram etc lie within the range and Medicity (under construction) and Kalyani are also accessible to part 2 . Markets: The Galleria Market, one of the largest markets DLF, Ph IV ,Vyapar Kendra Market, Queens Plaza, Sushant Arcade in B Block and Gold Souk Mall near Maple Heights, all lie here. The malls on the MG Road are also within easy reach ( 10-15 mins). Ansals City Center, SL III, which is for official premises is under construction. Clubs and Parks: The Palms club with Ozone Spa is located here. DLF City Club is also accessible. After 2-3 residential rows one would find a park in SL. C block alone has 20-25 parks with number reducing considerably as one moves towards C1, E & B. In part II & III due to several high rise buildings, greenery is considerably less. No banquet halls are there and only one community center is there in C1 block. Sewerage: All builders provide for appropriate sewerage disposal systems.


DLF Initiated by the DLF group, founded in 1947 with its vision and commitment, displayed in its earlier projects, which subsequently led to the development of DLF City in Gurgaon. Today, DLF City is home to some of the finest residential, commercial, retail and entertainment complexes in the country and combines the best practices in design, aesthetics, technology and comfort. DLF City, is a township spread over 3000 Acres, representing the best of DLF's township development capabilities. It the Asia's largest private township spread over five phases with landmark constructions. It offers a comprehensive modern city infrastructure, encompassing basic amenities, social infrastructure including educational institutions, healthcare, hospitality and shopping and entertainment facilities. This is coupled with the prestigious DLF Golf and Country Club, the only night golfing course in the country and rated among the top ten in Asia, making it a unique township developed by DLF. LOCALITY PROFILE: DLF City is located in Gurgaon, Haryana on the southwestern periphery of New Delhi. It is part of Delhi Metropolitan Area and significant real estate player of the National Capital Region (NCR). Its strategic importance lies in its close proximity to the domestic and international Airports. It is also well connected to south, central and western Delhi through National Highway-8 and Mehrauli-Gurgaon Road. This area initially known as the Qutub Colony, only after the DLF grp. Embarked on this venture is divided in 5 phases in all and offering world-class services to its employees. Looking at each phase individually: Phase I: This phase is the oldest and initially known as the Qutub colony (Qutub enclave) houses many a families and the commercial units of the DLF and other companies leading to much chaos for the residents. It is situated to the left of the Bristol hotel. Residential property: Condominiums- Silver Oaks, the oldest about 14 yrs of age houses more than 500 families. Independent houses: Being one of the most posh areas, there are many independent bungalows/villas or floors. Price: Plot: 60000-80000/Sq Yards. 2 BR: 45lakh /(1100 Sq Ft) = 4091/ Sq Ft or Rs 15000/Month. 3 BR: 65 lakh/(1400 Sq Ft) = 4643/ Sq Ft or Rs 20-27000/Month. Villas and bungalows: above 1 Crore/(above 2900 Sq Ft) Commercial Property: It is a house for many commercial units of DLF and other MNC’s and the property is available both on rent and retail for office and retail purposes. Plaza towers here, house companies such as British Airways. Infrastructure facilities: Schools: Pine crest, Summer Fields; Hospitals: RK Hospital, Sri Ram Memorial,Privat, Neelkanth;


Accessibility to Malls: Close proximity (2-3 km). Note: Presently over, 40 units have been sealed in this phase. Phase II: It is the most expensive and commercial area with most of the malls being there on the borders. Also it provides for High State Residency; Residential property: Condominiums- Oakwood Estate(4 yrs old),Belvedere Towers( Trinity Towers),Hamilton Towers (on border); These are housing over a 1000 families and many builder flats and independent houses are also there. Price: Plot: 60000-80000/Sq Yards. 2 BR: 45 Lakh/1100 Sq Ft = 4091/ Sq Ft or Rs 15000/Month. 3 BR: 65 lakh/1400 Sq Ft = 4643/ Sq Ft or Rs 20-27000/Month. Independent house/penthouse: (above 1 Crore) Commercial property: This phase’s border has all the malls lined up like MG, DT, and City center, Sahara etc. Also it has many MNC’s and ITES like Nestle, Tata, KPMG etc; and not to forget the most upcoming BPO’s like Converges, Eriksson, Delhi Call Center etc; The property values are on a rise in this area as they are providing for about 70% leasing demand from the MNC’s. Infrastructure facilities: Schools: American Montessori Public School, Sherwood Convent School; Hospitals: Privat, Sri Ram Memorial, VK hospital, Uma Sanjeevini Hospital; Accessibility to Malls: As most malls lie within this Phase, it by far has the quickest access. Phase III: This provide for prime residential and commercial and social opportunities. Being near to the malls, Phase 3 is expensive and at the same time cuts away from much ruckus from the congestion and provides peaceful residency. Residential Property: Condominiums- Belvedere park and Pink town House; these DLF ventures are high class and Provide habitation to over 1500 families; also many builder flats, bungalows and penthouses are available. Price: Plot: 50000-70000/Sq Yards 2 BR: 45 lakh/1100 Sq Ft = 4091/Sq Ft 3 BR: 65 lakh/1400 Sq Ft = 4643/Sq Ft Penthouse and bungalows: (above 1 Crore) Commercial property: Nearing it’s border (shared with ph II), many a Malls, BPO’s and MNC’s are there. Also many shopping complexes are there.


Infrastructure facilities: Schools: Sri Ram School, Tagore International, and Scholars International; Hospitals: Kirti Medical Center; Accessibility to Malls: As the malls are situated at the border, they are fairly quick to reach. Phase IV: Situated near Sushant Lok, Phase IV is a perfect blend of everything. What a family needs for its hi-tech living. Residential property: Condominiums- Regency Park, which is the tallest building in Gurgaon having 26 floors, Ridgewood Estate. They all house many households. Besides, provision for independent bungalows, builder flats is also there. Price: Plot: 0000-70000/Sq Yards 2 BR: 50 Lakh/1000 Sq Ft = 5000/Sq Ft 3 BR: 70 Lakh/1400 Sq Ft = 5000/Sq Ft Independent and Penthouse : above 1 Crore Commercial property:It has the Galleria Market, which is the biggest shopping complex and also spaces the Super Mart I & II. Besides many clothing showrooms are also there. Even this has the BPO’s flourishing in its nick (Call centre-Orchid Square). Infrastructure facilities: Schools: Ascent Public School; Hospitals: Magic City, Shivam, (Paras and Escorts projects under construction); Accessibility to malls: Malls lie at a distance of 3km. From this phase. Phase V: This primarily occupies many a premium residential homes and is in proximity to the Golf Course Road. Residential property: Condominiums- Princeton ,Wellington, Carlton ,Summit ,West end all providing for state of art living to numerous households. Icon, Pinnacle and Royalton Towers are still under construction. Penthouses are available in all these and independent bungalows are also there. Price: Plot: 50000-70000/Sq Yards 3 BR: 1 Crore/2200 Sq Ft = 4725/Sq Ft or Rs 20000/ Month 4 BR: 1 Crore, 40 Lakh/2700 Sq Ft= 5185/Sq Ft or Rs 25-27000/Month. Commercial Property: Being more of a residential area, ph 5 has less of commercial estates, though many shopping complex and Central Plaza Mall are under construction.


Infrastructure facilities: Schools: Sri Ram School; Hospitals: Healer Hospital; Accessibility to Malls: They lie at a distance of 5 km. DLF: A General Overview- Having Emerged as the Quality City, the DLF City bestows upon its inhabitants a great deal of advancements; Shared Benefits: People residing in the apartments / condominiums enjoy many a benefits by the virtue of being a part of such a residential complex: -Power back ups -Swimming pools -Terraces -Welfare societies, clubs -Parks -Security -Fire safety system -Parking space COMMERCIAL OUTLOOK Having besotted with many Malls like:

- DT City Center, DT Mega Mall, DLF Grand Mall, DLF Galleria, DLF South Point, DLF Star Mall, Sahara Mall, Metropolitan Mall, MGM Mall and With Gold Souk Mall still under construction the commercial property value is on a hike.

- For Grade A properties (fully A.C,high maintainance,ground floor, front view etc;) like Sahara, City Center Mall , the values are high-16000/Sq Ftor 150/sq ft/mnth;

- For grade B ( non A.C,2nd/3rd floor, low maintenance), values are low:2500-3000/Sq Ftor 110/sq ft/ mnth;

- Moreover, having become the hub of BPO’s and ITES, the values are soaring higher.

- The commercial expansion includes the 125 acre integrated technology park, Cyber city, in Gurgaon, which is being designed to provide advanced and robust features. The project will offer flexible solutions through built-to-suit, ready – built and multi tenanted options to corporate houses.

Transportation:

- Cabs from all phases connect the area to main Gurgaon, Delhi(with a nominal rates of not more than Rs.10);

- Buses, both DTC (Meharauli, Badarpur, Safdarjung, Khanpur)and Haryana roadways;

- Autos

- Rickshaws Adjoining Villages: Nathupur, Sukhrali, Chakkarpur, Sikunderpur;


Colleges Accessible: Govt. college, Institute of Training and Management,Ansals Institute of Technology, Amity Business School,IILM; Profile of the End Users: The people residing here are primarily from the IT or the BPO world, thus professionals; people into benevolent investments, rich businessmen and people looking for quality and luxurious life. Problems of the People:

- High congestion on the MG rd

- Electricity shortage

- Improper sewage disposal

- Wandering pigs and dogs

- Shortage of water supply

DLF Cybercity at Gurgaon: The DLF Cyber city project is prestigious venture, which

aims to provide the world-class office and recreational space to the reputed organizations.

DLF Cyber city spread over 125 acres of land on the Northern Edge of DLF City. It is

located at the intersection of NH-8 and the Sector Road that leads to the DLF Golf and

Country Club ranked, as 7th largest Golf Club in Asia.Cybercity will offer over 15

million sq.ft. Of modern workspace to leading corporate houses; software majors and IT

enabled service companies who seek International grade infrastructure. This project

besides the regular feature will also include facilities like hotels, convention centers and

multi-cuisine food court.


SOHNA ROAD

Spread over an area of 25-30 acres Sohna rd is a 150 km stretch connecting the MG rd and Sohna; Currently with just 30% occupancy, iy is syill under a developing stage; with over 20 projects from brands like- Vipul, Ansals, Vatika Omaxe, Parsvanath and Orchid Petal the bookings are on a high both for residential and commercial purposes;Sectors like 36,38 and 54 all lie here; Lies 2km away from South City II and 4 km away from DLF;

Infrastructure facilities: Water: There is water supply for 24 hrs being provided by the builders; Those having their own residential units do face the problem of water shortage; Power: The electricity Board extracts a power cut of 2 hrs, though high rise and apartments offer 100% power back up; Roads: The roads are being reclaimed and widened here and are well maintained; Enough street lights are provided on the roads adjacent to premium residential units. Transportation: No Government transportation is available within the zone. Only rickshaws and autos ply to the nearby places. One has to go to the outer prime locations like DLF, Sector 38 etc to access public transport. Schools: Schools are under construction with sanctions for a high school and kinder garden; DPS , Heritage and Schools of DLF, South City, Sector 38 are accessible; Colleges: Govt College and colleges of DLF, South City are accessible; Hospitals: Hospitals are under construction. The ones in proximity are: Umkal, Privat, Kalyani. The hospitals of DLF, SL & South City and Medicity are accessible; Markets: It is accessible to the malls on MG Road and the Omaxe Plaza and about 4 other malls are there; the local market has about 40 shops; Markets of South City II also; Clubs and Parks: Having about 20 projects in 8 colonies, there is a park for every project and club for every colony (membership fee is Rs 40,000), besides there is also a community center; Sewerage: No issues of water logging; What is being done Presently projects of Vipul, Vatika, Orchid Petal, Parsvanath, Park View I & II and Central View are in the pipeline. The area is plagued by traffic problem since it is under construction. The situation will be better in next 1 and a half years when these projects complete.


HUDA SECTORS The HUDA, the reigning authority at Gurgaon has established several sectors in the region up to Sector 57. Among these the most developed sectors are Sector 4, 5, 14, 15, 29, 56, 57. The other sectors are not bad either. Looking at various aspects of the infrastructure (the scenario being nearly same in all sectors) : Infrastructure facilities: Water: There is no water shortage. The water is available at least for 3 hours in morning and evening respectively; the water channel from Sonipat started by HUDA ensures water adequacy; Power: The electricity throughout Haryana is in fact, an issue of concern. The duration of power cuts have increased. There is a cut of 1 hour in the morning and 1 hour in the evening, though this duration increases to about 4 hours in summers. Roads: In some of the sectors, roads are exceptionally good viz; 56,57,4,14,38,22 and 29. Ironically, the situation is worse in some of the sectors like 10a. Roads are well maintained in other sectors. Transport: The bus services include the services from the following- DTC (Mehrauli, Dhaula Kuan, Karol Bach, Safdarjung, Badarpur, Kapashera), Haryana Roadways, chartered buses etc. Besides, cycle rickshaws and jeeps are available for commuting. Schools: Many private, government and HUDA aided schools are there such as; -Sector 4- Bluebells, CCA, South Town Public School, Dronacharya, Jeevan Jyoti, Marumal High School, St Jones Convent - Sector 10- Lions Public School, Meenakshi - Sector 14 - DAV - Sector 56- Alpine School, Heritage - Sector 31- Ajanta Public School - Sector 17- PBN School, Gyan Devi Public School Colleges: There is no college in any of the sectors. Hospitals: Sector 17 - Indraprastha Apollo Hospital, New Bombay Hospital, Thakural Hospital Sector 14 - East West Medical Center, Gupta Hospital, Liberty Hospital Sector 15- Ahmed Hospital Other than these hospitals like- Taneja Hospital, Neelkanth, Kalyani, Civil, Life Care, Rama, Saraswati are also accessible; Also, the Medicity in Sector 38 is a world class project which is still under construction. Markets: Each sector has his own market, however Sector 14 market is the most famous one; Also commercial developments in sect 29 is making it the second commercial hub of Gurgaon, Clubs and Parks: HUDA clubs and parks are provided in each sector; the Leisure Valley Park in Sector 29 is the most looked upon; also the roads nearby Sector 14 and


15 has about 20 banquet halls; besides HUDA provides a community center in Sector 4,14; and halls in Sector 15 and 21; Sewerage: HUDA provides for efficient sewerage disposal system and provision for adequate drainage is also there; What is HUDA doing? Primarily with its new master plan to be in action by 2021 it does intend to extend its sectors upto 110. It intends constructing a hospital in sect 10, another leisure valley park and auditorium in Sector 22, sports complex in Sector 38, club in Sector 4, police station in Sector 56 and guest house in Sector 15 and creating a habitat center in sect 24 & 24 a; Besides, it has widened the MG Road as well and building more schools in these sectors;


OLD GURGAON Getting lost somewhere amidst the glitz and glamour of new Gurgaon, the old Gurgaon has many a things to look at.. Areas like Sadar Bazar, Urban Estate, Jyoti Park, Old Railway Road, Ramlila Ground, Jacobpura etc do they have requisite infrastructure: Infrastructure facilities: Water: 2 hr supply in the morning and evening respectively; Power: Power cut of 6hrs is there; Roads: Some of the roads are really bad ; Transportation: Rickshaws are the prime mode of transportation here; Schools: Good Shepherd, Shamrock, Lord Jesus public School, Shanti Niketan, Dhrona High School etc; Colleges: Goel College; Hospitals: Taneja Hospital, Sharma Hospital, civil hospital, Rama Hospital, Aryan hospital; Markets: Prime market is sadar bazaar, Markets of the HUDA sectors are also nearby; Clubs and Parks: Banquet halls, community center, Clubs are limited and Parks range from 2-3 per colony; Sewerage: Residents do encounter problem of sewerage disposal considering which the State Govt. has started Prog. Of Solid Waste Management: Also as per the Sanitary Inspector of the Municipal Corporation of Gurgaon, Mr. Puroshotam Singh, they have caught about 125 monkeys in past 6 months; Currently efforts are being undertaken by the Nagar parishad to clean the region with effective means;


VALUES

Current capital rate and rental value of plots and builder floors across Gurgaon.

Name and Address of

complex Sizes

Current Capital Rate

Current Rental Rate

HUDA Sectors

SECTOR-3 Plots: 160, 180, 263,

300, 600 Sq. Yrd. Plots: Rs. 20000 -

25000/ Sq. Yrd. Plots: Rs.7000/ Month (2BHK);

Rs.10000/ Month (3BHK)

SECTOR-4 Plots: 160, 240, 360, 500, 1000 Sq. Yrd.

Plots: Rs. 18000/ Sq. Yrd.

Plots: Rs.5000/Month (1BHK), Rs.8000/Month (2BHK), Rs.12000 - 15000/Month

(3BHK)

SECTOR-7 Plots: 60 - 1000 Sq.

Yrd.

Plots: Rs.20000/ Sq. Yrd.

Plots: Rs.4500/Month (2BHK), Rs. 6000/Month (3BHK)


Yrd. Plots: Rs.15000 - Rs.22000/ Sq. Yrd.

Plots: Rs.5000/Month (2BHK), Rs.8000/Month(3BHK)

SECTOR-14 Plots: 160, 250, 350,

500 Sq. Yrd. Plots: Rs.35000/

Sq. Yrd.

Plots: Rs.3500/Month (1BHK-10X12Sq.Ft.), Rs.10000/Month

(2BHK-12x14 Sq.Ft.), Rs.15000-18000/Month

(3BHK), Rs.20000-22000(500 Sq. Yrd. - 3500 Sq. Ft.)

SECTOR-15 Plots: 204, 263, 358,

502 Sq. Yrd. Plots: Rs.30000 - 45000/ Sq. Yrd.

Plots: Rs.10000/Month (2BHK - 1200 Sq.Ft.), Rs.12000/Month

(3BHK - 1600 Sq.Ft.)

SECTOR-17 Plots: 160, 200, 350, 500, 1000 Sq. Yrd.

Plots: Rs.30000 - 45000/ Sq. Yrd.

Plots: Rs.4500 - 6000/ Month (2BHK in 160 Sq. Yrd.),

Rs.12000/ Month (3BHK - 2500 Sq. Ft. in 500 Sq. Yrd.),

Rs.18000 - 20000/ Month (4BHK in 500 Sq. Yrd.)

SECTOR-21 Plots: 60 - 800 Sq. Yrd. Plots: Rs. 20000 -

30000/ Sq. Yrd. Plots: Rs.7000-10000/Month

(160 + Sq. Yrd.)


Yrd. Plots: Rs.20000 -

28000/Sq.Yrd. Plots: Rs.7500/Month (2BHK in

160 Sq. Yrd.)

SECTOR-23 Plots: 66 - 500 Sq. Yrd. Plots: Rs.22000 -

30000/Sq. Yrd.

Plots: Rs.5000/Month (100 Sq. Yrd.), Rs.10000-12000/Month

(250 Sq. Yrd.), Rs.20000/Month (500 Sq. Yrd.)


Yrd. Plots: Rs. 28000 -

30000/ Sq. Yrd. No rental as none is occupied


Yrd. Plots: 20000/ Sq.

Yrd. Plots: Rs.4000 (2BHK in 160

Sq. Yrd.)


SECTOR-45 Plots: 60 - 775 Sq. Yrd. Plots: Rs. 25000 -

35000/ Sq. Yrd. Plots: Rs.8000 - 13000/Month

(2BHK)


Yrd. Plots: Rs. 30000 -

31000/ Sq. Yrd. Plots: Rs. 5000 (2BHK in 200

Sq. Yrd.)

Name and Address of

complex Sizes


Current Rental Rate

Developer Plots

SUSHANT LOK-I

Plots: 60- 500 Sq. Yrd. Plots: Rs.35000-40000 / Sq. Yrd.

Plots: Rs.15000/ month (3BHK-2000 Sq Ft)

SUSHANT LOK-II

Plots: 60 - 500 Sq. Yrd.; HUDA Plots only

165 Sq. Yrd.

Plots: Rs. 28000 - 29000/ Sq. Yrd.

SUSHANT LOK-III

Plots: 180 - 500 Sq. Yrd.

Plots: Rs.15000-20000/Sq. Yrd.

Plots: Rs.10000-20000/Month (3BHK - 1800-2500Sq.Ft.)

DLF CITY PH-I


Plots: Rs. 30000 - 100000/ Sq. Yrd.

Plots: Rs.7000/Sq. Yrd./ Month (60 Sq. Yrd.);

Rs.15000/Sq.Yrd./Month(250 Sq. Yrd.)

Builder Floors: Ground Floor - Rs. 15000/ Month; 1st Floor - Rs. 12000/ Month; 2nd Floor -

Rs. 10000/ Month

DLF CITY PH-II

Plots: 150, 215, 251, 300, 400, 500, 680,

1000 Sq. Yrd.

Plots: Rs. 60000 - 70000/ Sq. Yrd.

Builder Floors: Rs.12000/ Month (2BHK); Rs.16000 -

18000/ Month (3 BHK)

DLF CITY PH-III

Plots: 60, 100, 150, 200, 360, 500, 1000

Sq. Yrd.

Plots: Rs. 50000 - 55000/ Sq. Yrd.

Plots: Rs.16000/Month (3BHK in 300 Sq. Yrd.);

Rs.25000/Month (3BHK in 500 Sq. Yrd.)

DLF CITY PH-IV

Plots: 270, 360, 500 Sq. Yrd.

Plots: Rs. 55000 - 75000/ Sq. Yrd.

SOHNA ROAD

Plots: 110, 160, 200, 240, 300, 500, 1000

Sq. Yrd. Builder Floors: 240,

300, 360 Sq. Yrd.

Plots: Rs. 28000 - 35000/ Sq. Yrd.; Builder Floors: Rs. 16000/ Sq.

Yrd.

Plots: Rs.22000 - 25000/ Month (240 Sq. Yrd.);

Builder Floors: Rs.7000 - 8000/ Month (2BHK);

Rs.12000/ Month (3BHK)

SOUTH CITY- I

Plots: 60 , 240, 360, 500, 1000 Sq. Yrd.

Plots: Rs. 40,000 - 1 Lakh/ Sq. Yrd.

Plots: Rs.4000 - 10000/ Month (60 Sq. Yrd.)

SOUTH CITY- II


Plots: Rs. 23000 - 28000/ Sq. Yrd.

Plots: Rs.6500 - 10000 / Month Villas: Rs.35000 -

70000/Month

PALAM VIHAR

Plots: 56 Sq. Yrd. - 1000 Sq. Yrd.

Plots: Rs 30,000/Sq. Yrd.

The capital value in Gurgaon varies from Rs.15000 to Rs.1 Lakh per Sq. Yard. With the highest in South City -1 and lowest in Sector 9. The average capital value of plots in


Gurgaon hovers around Rs.37500 per Sq. Yard. The rates are higher in areas developed by private developers such as DLF, Ansals and Unitech. Areas developed by HUDA, which were amongst the first developments in Gurgaon demand a lower price. Sector such as 3,4,7 and 9 have rates between Rs.15000-20000 per Sq. Yard. These are among the oldest sectors in Gurgaon and are largely occupied. Rates in these sectors are affected by the locality. These sectors surround the village abadi area and hence do not demand a premium. Even though these sectors are well connected within themselves thru bus and auto services, the distance from expressway and Delhi affect there prices.


Current capital rate and rental value of commercial spaces shops and offices across Gurgaon.

Name and Address of

complex Sizes


Current Rental Rate

HUDA Sectors

SECTOR-3

SECTOR-4 Shops: 150 Sq. Ft. Shops: Rs. 35 -

40 Lakh Shops: Rs.7000 - 10000/Month

SECTOR-7 Shops: 100 Sq. Ft. Shops: Rs.20000/

Sq. Ft. Shops: Rs.5000 - 6000/Month

SECTOR-14 Shops: 165 - 243 Sq.

Ft. Shops: Rs. 45000/

Sq. Ft. Shops: Rs.12000 -

15000/Month

SECTOR-15 Shops: 243 Sq. Ft. Shops:

Rs.17000/Sq. Ft. Shops: Rs.10000/Month


Ft. Shops: Rs.70000/

Sq. Yrds. Shops: Rs.7000 - 8000/ Month

(200 Sq. Ft.)

SECTOR-18 Built-up units: 250,

450, 500, 1000, 4000, 8000 Sq. Mtrs.

Built-up units: Rs.50000 - 60000/

Sq. Mtrs.

Built-up units: Rs.30 - 35/ Sq. Ft.

SECTOR-22 Shops: 243 Sq.Ft. Office: 1300 Sq.Ft.

Shops: Rs.22000/Sq.Ft.

Office: Rs.42000/Sq.Ft.

Shops: Rs.15000 - 20000/Month (243 Sq.Ft.)

Office: Rs.15000 - 20000/Month (243 Sq.Ft.)

SECTOR-23

Shops: 100 - 300 Sq. Ft.

Office: 100 - 300 Sq. Ft.

Shops: Rs.9000/Sq. Ft.

Office: Rs.7000/Sq. Ft.

Shops: Rs.15000/Month (243 Sq. Ft.)

Office: Rs. 50/Sq.Ft.

SECTOR-39 Shops: 150 Sq. Yrds. Shops: Rs. 4000 - 6000/Month

SECTOR-45 Shops: 204 Sq. Yrds. (To be Constructed)

Office:


Ft. Office: 1000+ Sq. Ft.

Shops: Rs. 14000/Sq.Ft.

Office: Rs. 7000/ Sq. Ft.

Shops: Rs. 80/ Sq. Ft./Month Office: Rs. 50/ Sq. Ft./Month


Name and Address of

complex Sizes


Current Rental Rate

Developer Plots

SUSHANT LOK-I

Plots: Rs.15000/ month

(3BHK-2000 Sq Ft)

SUSHANT LOK-II

Shops: Rs. 33000/ Sq. Ft.

(Mall)

Shops: Rs.60 -150/Sq. Ft./Month

DLF CITY PH-I

Shops: Rs. 9000 -

10000/ Sq. Ft. Office: Only Lease

Shops: Rs. 60 - 70/ Sq. Ft./ Month

Office: Rs. 100 - 150/ Sq. Ft./ Month

DLF CITY PH-II

Shops: 150 - 3000 Sq. Ft.

Office: 150 - 3000 Sq. Ft.

Shops: Rs. 20000 - 45000/ Sq. Ft.

Office: Rs. 20000 - 45000/ Sq. Ft.

Shops: Rs. 150/ Sq. Ft./Month (Central Arcade)


DLF CITY PH-III

Shops: 200, 300, 500 Sq. Ft Office:

Shops: Rs. 10000 - 12000/ Sq. Ft.

Rs. 32000/ Sq. Ft. (Malls)

Office: Rs. 15000 - 25000/ Sq. Ft.

Shops: Rs. 100 -120/ Sq. Ft./ Month

Office: Rs. 100 -120/ Sq. Ft./ Month

DLF CITY PH-IV

Shops: 300 - 10000 Sq. Ft.

Office: 300 - 10000 Sq. Ft.

Shops: Rs. 20000-40000/Sq.

Ft. Office: Rs. 15000/

Sq. Ft.

Shops: Rs. 200/ Sq. Ft./ Month Office: Rs. 100 - 200/ Sq.

Ft./Month

DLF CITY PH-V

Shops: Rs. 15000 - 16000/ Sq. Ft.

Office: Rs. 11000-12000/ Sq. Ft.

UDHYOG VIHAR-I

Plots: 250 Sq. Mtr. - 4000 Sq. Mtr.

Rs. 50000-60000/ Sq. Mtr.

Rs. 40 - 150/ Sq. Ft./ Month

UDHYOG VIHAR-II

Plots: 450, 1800, 4000 Sq. Mtr.

Rs. 50000-60000/ Sq. Mtr.

Rs. 40 - 150/ Sq. Ft./ Month


UDHYOG VIHAR PH-III

Plots: 450, 4000 Sq. Mtr.

Rs. 50000-60000/ Sq. Mtr.

Rs. 40 - 150/ Sq. Ft./ Month

UDHYOG VIHAR PH-IV

Plots: 250, 450, 1800, 4000, 8000 Sq. Mtr.

Rs. 50000-60000/ Sq. Mtr.

Rs. 40 - 150/ Sq. Ft./ Month

UDHYOG VIHAR PH-V

Plots: 250 Sq. Mtr., Sheds: 91, 153, 227

Sq. Mtr.

Rs. 50000-60000/ Sq. Mtr.

Rs. 40 - 150/ Sq. Ft./ Month

SOHNA ROAD

Shops: 263 - 650 Sq. Ft.

Office: 500 - 5000 Sq. Ft.

Shops: Rs. 12000 - 15000/ Sq. Ft.

Office: IT: Rs.4200 - 7000/ Sq. Ft.; Non IT:

Rs. 6500 - 10000/ Sq. Ft.

Shops: Rs. 25 - 35/ Sq. Ft./Month

Office: Rs. 80 -110/ Sq. Ft/Month

GOLF COURSE

ROAD

Shops: 20,000/Sq.Ft (Main Road); Rs. 15000-

17000/ Sq. Ft (Side Roads)

Office: Rs. 12000 - 15000/ Sq. Ft.

Shops: Rs.125/Sq.Ft./Month Office: Rs.125/Sq.Ft./Month

SOUTH CITY- I

Shops: 200 Sq. Ft. Office: 200 Sq. Ft.

Shops: Rs. 23000/Sq. Ft. Office: Rs.

23000/Sq. Ft.

Shops: Rs. 80 - 100/ Sq. Ft./ Month


SOUTH CITY- II

Shops: 200 - 2000 Sq. Ft.

Office: 200 - 2000 Sq. Ft.

Shops: Rs. 10000-14000/ Sq.

Ft Office: Rs. 10000-

14000/ Sq. Ft

Shops: Rs. 100 - 120/Sq.Ft./ Month

Office: Rs. 100 - 120/Sq.Ft./ Month

PALAM VIHAR

Shops: 248 Sq. Ft. Office: 248 Sq. Ft., 700

Sq. Ft.

Shops: 248 Sq. Ft. - Rs.16,000/

Sq. Ft Office: 248 Sq. Ft.

- Rs.16,000/ Sq. Ft; 700 Sq. Ft. - Rs.6000/Sq. Ft.

Shops: Rs.9000/Sq.Ft/Month Office: Rs.80 - 100/Sq.Ft./

Month


Current capital rate and rental value of apartments across Gurgaon.

Name and Address of

complex Sizes


Current Rental Rate

Huda Sector

SECTOR-9

1050 Sq.Ft.(2BHK),1350

Sq.Ft.(3BHK),1380Sq.Ft.(4BHK)

Rs.26 Lakhs(2BHK),

Rs.30 Lakhs(3BHK),

Rs.35 Lakhs(3+1)

Rs.6000/Month (2BHK), Rs.7500/Month(3BHK), Rs.10,000/Month(3+1)

SECTOR-15 670Sq.Ft. & 1100Sq.Ft.

(2BHK), 1400 - 1700Sq.Ft. (3BHK)

Rs.25 - 55 Lakhs (2BHK), Rs.38 - 70

Lakhs (3BHK)

Rs.8000 - 9000/Month (2BHK), Rs.12000 - 13000/Month

(3BHK)

SECTOR-22 2200 - 3500 Sq. Ft. Rs.4000 -

4500/Sq.Ft.

SECTOR-23 1200 - 4000 Sq. Ft. Rs.3500/Sq. Ft.

SECTOR-45 1700 - 3000 Sq. Ft. Rs. 2700 - 3000/

Sq. Ft. Rs.6 -9/ Sq.Ft./Month

SECTOR-47 2000 - 5000 Sq. Ft. Rs. 2400 - 2500/

Sq. Ft. Rs. 10/ Sq. Ft./Month

Name and Address of

complex Sizes


Current Rental Rate

Developer Plots

SUSHANT LOK-I, SEC-43

950 - 2000 Sq. Ft.

Rs.45 - 50 Lakhs(2BHK-1000 Sq. Ft.), Rs. 55-70 lakh(3BHK-1500

Sq. Ft.)

Rs.13000-14000 / month (3BHK-1500 Sq Ft)

SUSHANT LOK-II, SEC-55,56,57

1200 - 2800 Sq. Ft.

Rs. 2900 - 3000/ Sq. Ft.

Rs. 8/Sq.Ft./Month

SUSHANT LOK-III, SEC-57

950 - 3000 Sq.Ft.

Rs.45 Lakh (2BHK-950 Sq.Ft.),

Rs.55-60 Lakhs (3BHK-1300

Sq.Ft.), Rs.70 Lakh-1.5 Cr. (4BHK-1600-2500Sq.Ft.)

Rs.9000/Month (2BHK - 950Sq.Ft.)


DLF CITY PH-I

970 Sq. Ft. (2BHK), 1365 -

2200 Sq. Ft. (3BHK), 2850 Sq.

Ft. - (4BHK)

Rs. 5100/ Sq. Ft. (2BHK), Rs. 4500/

Sq. Ft. (3BHK), Rs. 3500/ Sq. Ft.

(4BHK)

Rs.12/Sq. Ft./ Month (2BHK- Limited Availability),

Rs.10/Sq.Ft./ Month (3BHK), Rs.11/Sq.Ft./ Month (4BHK)

DLF CITY PH-II 1500 - 3000 Sq.

Ft. Rs. 4500 - 7000/

Sq. Ft.

DLF CITY PH-III 1500 Sq. Ft.

(3BHK), 1700 Sq. Ft. (4BHK)

Rs. 4500/ Sq. Ft. Rs. 15/Sq. Ft./ Month

DLF CITY PH-IV Rs. 5000/Sq. Ft.

DLF CITY PH-V Rs. 5500/ Sq. Ft.

SOHNA ROAD

1200 Sq. Ft (2 BHK); 1600 Sq.

Ft. (3 BHK); 1800 - 2100 Sq. Ft. (4

BHK)

Rs. 2700 - 3600/ Sq. Ft.

Rs.9000 - 10000/ Month (2BHK), Rs.16000 - 17000/

Month (3BHK)

GOLF COURSE ROAD

Apts: Rs. 5800 - 6000/

Sq. Ft. 12500 - 50000/ Month

SOUTH CITY- I 2200 Sq. Ft. (3 BHK), 2500 Sq.

Ft, (4 BHK)

Rs. 2700/ Sq. Ft (3 BHK); Rs. 3000/ Sq. Ft (4 BHK)

Rs. 5/Sq. Ft./Month (3 BHK, 2200 Sq. Ft.); Rs. 6/Sq.

Ft./Month (4 BHK, 2500 Sq. Ft.)

PALAM VIHAR 2BHK - 1200 Sq.

Ft.; 3BHK - 1600Sq. Ft.

Rs.6000 - 6300/ Sq. Ft.

Rs.21/Sq. Ft./Month (2BHK); Rs.18/Sq.Ft./Month (3BHK)

Princeton DLF Ph-IV

2BHK-1000 Sq.Ft.; 2BHK+1 -

1125 Sq.Ft., 3BHK-1360

Sq.Ft.

Rs.5500/Sq.Ft 2BHK-Rs. 12000/Month 3BHK-Rs. 14000/Month


Willington DLF PH-IV

3BHK-1360,1450 Sq.Ft.

4BHK-1700 Sq.Ft.

Rs. 5500/Sq.Ft.

3BHK-Rs. 16000/Month 4BHK-Rs. 19000/Month

Carlton DLF PH-IV

3BHK-1360,1450 Sq.Ft.

4BHK-1700 Sq.Ft.

Rs. 5500/Sq.Ft. 3BHK-Rs. 16000/Month 4BHK-Rs. 19000/Month

Trinity Tower DLF PH-IV

4BHK-2200 Sq.Ft.

Rs. 5500/Sq.Ft. Rs. 36000/Month

Westend Heights 4BHK-2610,2810

Sq.Ft. Rs. 5500/Sq. Ft. Rs. 40,000+/Month

Silver Oaks DLF PH-I

2BHK-970 Sq.Ft. 3BHK-1365

Sq.Ft. 4BHK-2850Sq.Ft.

2BHK-50 Lakhs, 3BHK-62 Lakhs,

4BHK-80 - 90 Lakhs

2BHK-11000/Month, 3BHK-15,000-20,000/Month 4BHK-25,000-30,000/Month

Richmond Park DLF PHASE-IV

3BHK-2100Sq.Ft. 1.25 Crores Rs. 40,000/Month

Regency Park I, DLF PHASE-IV

2BHK-1105 Sq.Ft.

3BHK-2100 Sq.Ft.

2BHK-56 Lakhs 3BHK-90 Lakhs

2BHK- Rs.15,000/Month 3BHK – Rs. 25,000/Month

Regency Park II, DLF PHASE-IV

2BHK-1105 Sq.Ft.

3BHK-2100 Sq.Ft.


2BHK- Rs.15,000/Month 3BHK – Rs. 25,000/Month

Ridgewood DLF PHASE-IV

3BHK-1340 Sq.Ft.

4BHK-1680 Sq.Ft.


3BHK-Rs. 17,000/Month, 4BHK-Rs. 22,000/Month

Windsor DLF PHASE-IV

3BHK-3100 Sq.Ft.

Rs. 2 Crores Rs. 45,000/Month

Hamilton DLF PHASE-IV

3BHK-2400 Sq.Ft.

Rs. 1.5 Crores

Rs. 40,000/Month


Oakwood DLF PHASE-II

3BHK-1500

Sq.Ft.

Rs. 70-75 Lakhs Rs. 20,000/Month

Belvedere Tower, DLF PHASE-III

4BHK-1650 Sq.Ft.

Rs. 90 Lakhs Rs. 28,000-29,000/Month

Belvedere Park, DLF PHASE-III

4BHK-1650

Sq.Ft. Rs. 90 Lakhs Rs. 28,000-29,000/Month

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