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Reality Projects on NH-8 Have seen a remarkable appreciation over the past few months. ABHIGYAN writes
National highway 8 has been playing a crucial role in catering to the people coming from all corners of the country by facilitating the growth of commercial and residential investments along this stretch. Reality projects under construction along NH-8 cover a stretch of 15km through Haryana and present multiple options for investors in search of early-bird investment opportunities. Residential property prices on southern peripheral road connecting to NH-8 have seen a remarkable appreciation over the past few months. This location holds great investment potential due to the enhanced connectivity that NH-8 provides to Manesar and Swarka.
As prices soar in new locations of gurgaon like Dwarka-Gurgaon Expressway, Golf Course Extension Road, and Main Gurgaon Sohna Toad buyers have started looking at these alternative locations.
The Delhi-Mumbai Industrial Corridor (DMIC) along NH-8, where multiple Special Economic Zones (SEZ) have been approved by the government of india, is attracting foreign direct investment (FDI) in real estate, information technology (IT-ITes), automobile, glass technology, etc, from Japan, Singapore, Malaysia, the US, Korea and China.
It is estimated that these emerging industries will attract skilled and semiskilled working population of nearly1.5 milion from different parts of the country and abroad. Honda Motors, Asahi, Saint Gobain, and Musasi have already set up some of largest car and glass plant of the world along this corridor. American companies like Becton, Dickinson and Company, and Hollisters also have plans to mark their presence and invest in this zone. Today, the residential subsector is growing rapidly and the urban population of india is expected to touch 590 milion by 2030. Therefore, in order to meet the future demand regional players are expanding to achieve a pan-India presence.
Realty projects
EMAAR MGF's Palm Hills is a large, master-planned, group-housing development with parks and landscaped greens in Sector 77,Gurgaon, on NH-8
The project has a built-up area of 3.32 milion sq ft, and a saleable area of 2.646 milion sq ft. Palm Hills has 1,513 flats in the 2(1,450 sq ft) and 4BHK (1,950 sq ft) format with flexible floor plans. "We have launched Phase 1 of this project over 25 acres, which in cludes 55 towers, two schools (nursery and primary)", EWS housing, a clubhouse, and a commercial complex. The project was launched at Rs 3,200 per sq ft, which has now appreciated to Rs 7,000 per sq ft. The construction started in February, 2011 and the project is expected to be delivered in early 2015, "a spokesman of the firm said".
Palm Gardens, by the same group, is a residential intergrated community built over 22 acres in sector 83 along NH-8. The project has 12 apartment towers planned around open landscaped spaces, with 1026 apartments on offer in the 3BHK,5BHK, and duplex format. The development also includes a golf putting range, two schools, and EWS housing.
QUICK BITES
REALTY PROJECTS UNDER CONSTRUCTION ALONG NH-8 COVER A STREACH OF 15KM THROUGH HARYANA AND PRESENT MULTIPLE OPTIN FOR INVESTORS IN SEARCH OF EARLY-BIRD INVESTMENT OPPORTUNITIES THE INVESTMENT REGION AND AREAS ALONG NH-8 BEING DEVELOPED UNDER THE DMIC INCLUDE MANESARBAWAL INVESTMENT REGION (MBIR) IN HARYANA AND KHUSHKERAGURGAONNEEMRANA INVESTMENT REGION (KGNIR) IN RAJASTHAN
National highway 8 has been playing a crucial role in catering to the people coming from all corners of the country by facilitating the growth of commercial and residential investments along this stretch. Reality projects under construction along NH-8 cover a stretch of 15km through Haryana and present multiple options for investors in search of early-bird investment opportunities. Residential property prices on southern peripheral road connecting to NH-8 have seen a remarkable appreciation over the past few months. This location holds great investment potential due to the enhanced connectivity that NH-8 provides to Manesar and Swarka.
As prices soar in new locations of gurgaon like Dwarka-Gurgaon Expressway, Golf Course Extension Road, and Main Gurgaon Sohna Toad buyers have started looking at these alternative locations.
The Delhi-Mumbai Industrial Corridor (DMIC) along NH-8, where multiple Special Economic Zones (SEZ) have been approved by the government of india, is attracting foreign direct investment (FDI) in real estate, information technology (IT-ITes), automobile, glass technology, etc, from Japan, Singapore, Malaysia, the US, Korea and China.
It is estimated that these emerging industries will attract skilled and semiskilled working population of nearly1.5 milion from different parts of the country and abroad. Honda Motors, Asahi, Saint Gobain, and Musasi have already set up some of largest car and glass plant of the world along this corridor. American companies like Becton, Dickinson and Company, and Hollisters also have plans to mark their presence and invest in this zone. Today, the residential subsector is growing rapidly and the urban population of india is expected to touch 590 milion by 2030. Therefore, in order to meet the future demand regional players are expanding to achieve a pan-India presence.
Realty projects
EMAAR MGF's Palm Hills is a large, master-planned, group-housing development with parks and landscaped greens in Sector 77,Gurgaon, on NH-8
The project has a built-up area of 3.32 milion sq ft, and a saleable area of 2.646 milion sq ft. Palm Hills has 1,513 flats in the 2(1,450 sq ft) and 4BHK (1,950 sq ft) format with flexible floor plans. "We have launched Phase 1 of this project over 25 acres, which in cludes 55 towers, two schools (nursery and primary)", EWS housing, a clubhouse, and a commercial complex. The project was launched at Rs 3,200 per sq ft, which has now appreciated to Rs 7,000 per sq ft. The construction started in February, 2011 and the project is expected to be delivered in early 2015, "a spokesman of the firm said".
Palm Gardens, by the same group, is a residential intergrated community built over 22 acres in sector 83 along NH-8. The project has 12 apartment towers planned around open landscaped spaces, with 1026 apartments on offer in the 3BHK,5BHK, and duplex format. The development also includes a golf putting range, two schools, and EWS housing.
QUICK BITES
REALTY PROJECTS UNDER CONSTRUCTION ALONG NH-8 COVER A STREACH OF 15KM THROUGH HARYANA AND PRESENT MULTIPLE OPTIN FOR INVESTORS IN SEARCH OF EARLY-BIRD INVESTMENT OPPORTUNITIES THE INVESTMENT REGION AND AREAS ALONG NH-8 BEING DEVELOPED UNDER THE DMIC INCLUDE MANESARBAWAL INVESTMENT REGION (MBIR) IN HARYANA AND KHUSHKERAGURGAONNEEMRANA INVESTMENT REGION (KGNIR) IN RAJASTHAN
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