Dwarka Expressway has come a long way on the grounds of Development. Being a high-speed link road, officially known as Northern Peripheral Road (NPR), it runs in a smooth parabola from near Kherki Daula on NH8 to Dwarka. Dwarka Expressway possess several plus points that make it a potential future haven for real estate investors. Factors such as proximity to areas such as the airport, mainland Delhi and Diplomatic Enclave are some major growth catalysts for the project. The expressway is offering a range of luxurious 2BHK, 3BHK and 4BHK apartments in sizes ranging between 1000 and 9000 sq ft. After the recent judgment by Punjab and Haryana high court on the construction along a 2.5km stretch of Dwarka Expressway, has bought cheers in the market. Mr. Rajesh K. Gouri, VP Sales and Marketing, Homestead Infrastructure said, “The present resale value is expected to double in the near future and this will be seen as new luxury address”. The forthcoming expressway will resolve many hurdles. Dwarka Expressway will help decongest NH-8, particularly near Delhi-Gurgaon border toll plaza, which has seen unprecedented traffic growth. It will connect the western parts of Delhi to Gurgaon and, perhaps, reduce travel time from Delhi to Gurgaon. The place is also expected to have a Metro line, which would run parallel to it. Currently, nearly 19,000 units are in various stages of construction on the expressway and these projects are by reputed developers like Homestead Infrastructure, Raheja, Mahindra Life Space, etc. Mr. Rajesh K. Gouri, VP Sales and Marketing, Homestead says: "Most of the projects are expected to be completed by 2016-2017, in line with the completion of the expressway, which will give proper connectivity and access to residents. As per the past market trends, Dwarka Expressway is expected to register the same growth trajectory that Golf Course Road and Golf Course Extension Road have witnessed and is expected to become the desired address”. The development of Dwarka Expressway has renewed the hope in the market; both developers and buyers are hopeful that the construction of the expressway will expedite the construction and possession of the apartments
Source: Hindustan Times, NDTV IndiaThe urban development ministry notified operational guidelines for implementing the land pooling policy in Delhi. The policy will make it possible to construct around 25 lakh housing units in the next six to eight years. The ministry of Urban Development seeks to unlock around 20000 hectares of land through 89 villages, most of which are in west, southwest and north Delhi. Although DDA hopes to implement the policy in the next two months, it will have to wait for Delhi Government to notify 89 villages as development areas. Before that, the Government has to declare these villages as urbanized. This has to be done by the Land and Building Department of Delhi Government. But considering the bitter relationship between the centre and Delhi Government, this can be a challenging task and may not be accomplished within a month. Once these two task/notifications are in place, DDA will invite applications from Developers to deposit their land. DDA will also have to divide land pooling zones into sectors. According to Mr. Rajesh K. Gouri, VP Sales and Marketing, Homestead Infrastructure Development Pvt. Ltd, “The land pooling policy will prove to be positive for the National Capital Region (NCR) in the long-term, since land prices in the suburban markets of Gurgaon and Noida would eventually rationalize with fresh supply coming into the Delhi market. In my views, Markets like Bhiwadi, Greater Noida, Kundli, Bahadurgarh, Daruhera will suffer most whereas Gurgaon and Noida probably will be least impacted, While Delhi's new areas will give Gurgaon and Noida a serious run for their money, it won't take the steam out of them completely, as most of the corporates are located in Gurgaon and Noida area and this group of skilled workers like to live closer to their offices. So although they will buy these DDA properties, my view is that Gurgaon and Noida will still be there preferred residential location. In all it will be a great move for the development of the National Capital Region. Land acquisition is a contentious subject in India, and land pooling schemes will help solve issues related to the availability of land for necessary real estate development and infrastructure formation for the country's ever-increasing urban population”.
Michael Schumacher World Tower is an architectural marvel built on the edifice of perfection. The first of its kind project in the world endorsed by Michael Schumacher himself. Envisioned with aerodynamic curves, wrapped in a 3-dimensional metallic ‘ribbon’, this architectural marvel is equipped with futuristic features and luxury which has never been experienced in a residential property in India.Coming up in Sector 109, Gurgaon.
A motorsport watch with a unique feature imagined by Michael in close collaboration with Audemars Piguet. Royal Oak Concept Laptimer Michael Schumacher – the world’s first luxury watch to feature two angular indexing systems on a single chronograph, each with an independent ‘memory’. It is the first motorsport-specific watch to feature a complication imagined by the celebrated driver, but not the only brand to launch a product on the traits of the legend. Homestead Infrastructure Pvt Ltd had launched a 110 apartment residential tower, Michael Schumacher World Tower (MSWT), which embodies the legend, his spirit and ceaseless zeal.
Boutique Branded Residency
A tribute to the Formula One Champion, this tower with 110 limited edition lifestyle suites is a stunning work of art and an incomparable feat of engineering conceptualized by the London based international practice Upton Hansen Architects (UHA) and being developed by Shapoorji Pallonji. The opulent design of the building tells the story of his glory and celebrates lush lifestyle. The aerodynamic curves of the tower wrapped in a three dimensional metallic “ribbon” reminiscent the racetracks that the legend has conquered. Symbolizing him in every way, this tower will remind you of the icon and his accomplishments every time you look at it.Visit Website
Ballet by Sharapova
Ballet by Sharapova is designed to be an architectural master-piece exuding graceful femininity and strength, athleticism and elegance, craft and serenity. Created by Upton Hansen Associates of London, who are renowned for their unconventionally shaped signature buildings, Ballet by Sharapova is a 42-storied iconic Tower that rises up from a luxurious 5-acre spread. With just 120 residences in all, and only 3 on each floor, it offers great views from sprawling terraces and balconies, and a stunning panoramic vista right from the apartment's entrance.Visit Website