Sanjiv Srivastava, the MD of Assotech Ltd, says: “We have launched Assotech Blith in May and we will give possession by the end of 2015. Our sample flats are ready for potential buyers to inspect and the construction on the project site is in full swing.”
Spread over 400 acres of self-owned land in Sectors 106,108,109,114,and 115 of New Gurgaon and adjoining parts of Delhi, Chintels Group is going to launch Chintels Serenity, a set of residential towers including two iconic towers.
Prashant Solomon, the MD of Chintels India Limited, says: “With an extensive presence in the NCR, we have announced residential and commercial projects of around 15 million sq ft. We estimate an investment of nearly Rs 4,500 crore by 2023 in developing these projects. Escalating demand in residential and commercial sectors, especially in the areas of New Gurgaon comprising Sectors 106,108,and 109 bordering Dwarka Phase II, proximity to Delhi and the IGI Airport are the key factors that will make these areas attractive real estate destinations in the NCR.”
Emaar MGF Land Ltd (EMGF), a leading real estate and infrastructure developer, has announced the launch of Imperial Gardens, a fine conglomeration of luxury and fine living, in Sector 102, Gurgaon. The company plans to develop nine highrise towers comprising 580 units of 3BHK apartments, each 2,000 sq ft. The project offers 3BHK flats with family lounge and luxury specifications in a modern gated development over 12 acres along Gurgaon-Dwarka Expressway.
Ashish Jerath, the VP sales of Emaar MGF, says: “Luxury has always been our forte. Imperial Gardens is the next chapter in defining luxury in its finest details. We have strategically launched it along Gurgaon-Dwarka Expressway, as the area is designed to change the way Gurgaon currently looks.”
Fast developing sectors like 37D and 92-95 along the Gurgaon-Dwarka Expressway have a number of quality projects lined up. Ramprastha Group, which has more than 600 acres of land bank here, is going to launch a new project, Primera, at Rs 6,500 per sq ft.
Nikhil Jain, the CEO of Ramprastha Group, says: “We have a number of projects like Edge Towers, Atrium, Rise, View along Gurgaon-Dwarka Expressway and the main Pataudi road. Our group has plans to deliver nearly 5 lakh units in the next five-six years.”
Nikhil Jain, the CEO of Ramprastha Group, says: “We have a number of projects like Edge Towers, Atrium, Rise, View along Gurgaon-Dwarka Expressway and the main Pataudi road. Our group has plans to deliver nearly 5 lakh units in the next five-six years.”
Satya Group has launched Hermitage, a residential group-housing project, on Dwarka Expressway in Sector 103.Hermitage,a 10 acre group-housing project, caters to the luxury segment with proximity and connectivity as its USPs.
Manish Agarwal, the MD of Satya Group, says: “Hermitage, with its vibrant features and close proximity to Dwarka Expressway, would be a boon for investors. The group is also planning to launch two more projects on Dwarka Expressway.”
Manish Agarwal, the MD of Satya Group, says: “Hermitage, with its vibrant features and close proximity to Dwarka Expressway, would be a boon for investors. The group is also planning to launch two more projects on Dwarka Expressway.”
Sohna Road
Looking at the prospects of the expanding size of Gurgaon’s realty market, the Haryana government has notified the Sohna Master Plan,2031. After approval of the new master plan, several residential, commercial, and industrial projects are expected to be launched here shortly. More than 20 new sectors have been notified in the new master plan.
According to the Sohna Master Plan 2031,6,110 hectares would be developed with a residential density of 300 people per hectare. The development plan of Sohna has been prepared for a projected population of six lakh people. Over 28% of the area would be earmarked for residential development while 20% of the land has been allocated for industrial purposes.
After the approval of the new master plan, another realty player, Gold Souk, has chalked out a plan to invest Rs 1,000 crore in this region. The group is in talks to launch multiple residential projects in the NCR region, majorly focusing on Noida and Gurgaon.
Gurgaon-Sohna realty market will be an independent market not affected by price movements and absorption of projects located along Dwarka-Gurgaon Expressway or Golf Course Extension Road.
For example, the group-housing projects on Golf Course Extension Road are priced at over Rs 10,000- 12,500 per sq ft, but on Gurgaon-Sohna Road, the rates are still around Rs 4,500-6,500 per sq ft. Thus, the Sohna market will cater to the affordable segment. The townships with group-housing and plotted developments are likely to come up in the area in the price band of Rs 3,500-4,000 per sq ft.
Major developers like Raheja Developers, Gold Souk, IREO, Central Park, Tata Reality, Godrej, MVL, Universal, ILD, Avlon, Parsvnath, Paras, and Homestead are planning to launch projects in this area keeping the growth in demand of residential and commercial space in mind.
resource:http://content.magicbricks.com/realty-development-changing-the-skyline-of-gurgaon/