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What is the nickname of Gurgaon city?

What is the nickname of Gurgaon city?

Gurgaon, which has earned the nickname of Cyber City for hosting companies from across the world, has a history of changing names, political boundaries and demographics

The Haryana government has decided to change the name of Gurgaon district to Gurugram, an ancient description for a place identified with swanky malls, luxury apartments and state-of-the-art offices.

According to popular culture, Gurgaon got its name from Guru Dronacharya, the teacher of the Pandavas in the epic Mahabharata. It is said the Pandavas gifted a village to Drona as gurudakshina, and hence, the area came to be known as Gurugram (master’s village), which in the course of time was distorted to Gurgaon.

KC Yadav, a noted historian who taught at the Kurukshetra University for three decades, said the city was known as Gurgaon Masani in the pre-Independence era.

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Which is safer Noida or Gurgaon?

Which is safer Noida or Gurgaon?

In terms of safety andsecurity, both cities have a high level of security, with several residential and commercial areas being gated communities. However, Noida has a higher crime rate as compared to Gurgaon . Despite this, both cities have a large number of police stations, and the police are quick to respond to any security-related incidents.

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Work on Gurugram sections of Dwarka Expressway to be completed by June-end, says NHAI

The 29km long Dwarka Expressway is being built at a cost of ₹9,000 crore and it will connect Shiv Murti on Delhi-Jaipur highway near Mahipalpur

The work on the Gurugram sections of the Dwarka Expressway will be completed by the end of June, the National Highways Authority of India (NHAI) officials said on Thursday, adding that the cloverleaf near the Kherki Daula toll plaza, which is a key structure that will connect Dwarka Expressway with Delhi-Jaipur highway and the Southern Peripheral Road, is ready and undergoing load testing currently.

Once completed, the Dwarka Expressway will ensure seamless commuting inside the city as well as between Gurugram and Delhi. It will also enable commuters to access the Delhi-Mumbai Expressway via Badshahpur, the officials said. 

The 29km long Dwarka Expressway is being built at a cost of ₹9,000 crore and it will connect Shiv Murti on Delhi-Jaipur highway near Mahipalpur with Kherki Daula after passing through several residential sectors of Gurugram. The highway project was taken over by the NHAI in 2018 and work on it was started in 2019. 

Nirman Jambulkar, project director, NHAI, said the work on the project is in the finishing stages and it will completed by the end of June. 

“The work on cloverleaf has been completed and it now undergoing load testing. The work on package three (from Basai crossing to Bajghera on Delhi border) and package four (from Kherki Daula to Basai crossing) is also nearing completion and will be over by June,” he said.

Package three of Dwarka Expressway starts from Bajghera on Delhi-Haryana border and culminates near the Basai railway overbridge. It is 10.2km long and passes primarily through sectors 102, 103, 104, 105, 106, 109, 110, 111, 112 and 113 in Gurugram.

Package four is 8.77km long and starts from Basai rail overbridge and culminates at Delhi-Jaipur highway near Kherki Daula. It includes the cloverleaf that will connect the expressway with Delhi-Jaipur highway and the Southern Peripheral Road. 

A senior official of L&T, the highway contractor for package three and four, said the work on package four is 99% complete while that on package three is 95% complete. “We have completed the work on cloverleaf and it is being load tested. The trumpet tower, which will connect the road to Manesar, is also ready. We have also opened the Bajghera underpass for traffic trials,” said the senior official, asking not to be named.

A key vehicle underpass in package four, just ahead of Pataudi crossing, will also be opened to traffic in the next 15 days, said NHAI officials, adding that with this, work will be almost over on this stretch.

The work on packages one and two of the expressway, which lie in Delhi, is likely to be completed by end-December, said the highway contractor. 

“We have completed almost 90% work on the package two (Bajghera and Dwarka Urban Extension Road) and about 65% work on package one (from Dwarka to Mahipalpur). The work is on in full swing and we are confident of completing it this year,” said Rajendra Singh Rawat, project manager, J Kumar Infraprojects Ltd, the contractor for packages one and two.

A senior official of J Kumar Infraprojects Ltd, however, said the work on package one required the shifting of utilities. Also, the construction work was taking place amid a high volume of traffic, which is impacting the pace of work. “It is likely that package one would be ready only by April 2024,” he said, asking not to be ready. 

It may be noted that last month, Union transport minister Nitin Gadkari, during his visit to Urban Extension Road-2, said he will review the work on Dwarka Expressway in May. However, NHAI officials said they still have not got any directions regarding the visit. 

There is also speculation that Prime Minister Narendra Modi will inaugurate the expressway once it is ready by June, but NHAI officials said they were not aware of any such proposal.

Gurugram member of Parliament and Union minister of state Rao Inderjit Singh, who is pursuing the project, said he had met Gadkari last week. “I was informed that the transport minister will inspect the highway and the cloverleaf in May. We welcome him and Prime Minister Narender Modi to inaugurate the project as it would be a great honour for both Gurugram and Haryana,” he said. 

Prakhar Sahay, a civic activist, who has been following the construction of this road since long, said while most of the work is complete on packages one and two, the authority needs to expedite the shifting of power lines near Pataudi crossing and also push the work on the railway overbridge. “This road will definitely reduce congestion and improve connectivity between Delhi and Gurugram, particularly on the national highway,” he said.

Dwarka Expressway was envisaged by the Haryana government in 2006. The project, however, failed to take off due to land acquisition issues and legal tangles. Later, the Haryana government approached the Union transport ministry to take over the project.After the in-principle declaration of the expressway as a national highway in 2016, the NHAI took over the project and started work.

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Property use changed in Gurgaon , 16 teams to examine tax loss

A total of 1,244 commercial properties in the Gurgaon city have changed their category to residential properties, 514 to industrial use, 95 to institutional use and 403 to vacant plots.

GURUGRAM: MCG has constituted 16 teams to check tax evasion by changing the use of properties from commercial to residential, and industrial or institutional and submit a report by April 30.

A total of 1,244 commercial properties in the city have changed their category to residential properties, 514 to industrial use, 95 to institutional use and 403 to vacant plots.

The MCG officials said this change in property categories was found after a private agency, hired by the MCG to carry out a property tax survey, submitted its report last year.

The MCG teams will now verify if the property categories were changed. Teams will also check the public parking sites, including those in shopping malls, which are charging parking fees from residents.

Commercial properties in the city, such as shopping malls, can get a tax rebate if they provide free parking to the public.

“We have found anomalies after a private agency carried out a survey of properties in the city last year. 16 teams have been formed to check tax evasion. The teams will check all the commercial properties, which have registered a change in their category. Besides the teams, four joint commissioners and three additional commissioners will randomly check 5% of these properties each so that the cases are verified. I have asked the teams to submit a report by April 30. The aim of this exercise is to stop loss of revenue to the civic body,” MCG commissioner PC Meena said.

For a residential property, the tax for the ground floor is Rs 1 per sq yard with a plot size of up to 300 sq yards whereas, for a commercial space, the tax for the ground floor is Rs 24 per sq yard with a plot size up to Rs 50 sq yards.

The MCG officials said that the change from commercial to any other category including residential and institutional implies that the property owner has to pay less amount of tax. Property tax is one of the major sources of income for the civic body.

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GURGAON : Town planner seeks help from cops, revenue department in fight against illegal colonies

According to officials, the offenders are utilising this gap and carving out illegal colonies on prime agricultural land in violation of Haryana Development and Regulation of Urban Areas Act, 1975.

GURGAON : Construction of illegal colonies is again rampant on the city outskirts due to lack of coordination between department of town and country planning (DTCP), revenue department and police.

According to officials, the offenders are utilising this gap and carving out illegal colonies on prime agricultural land in violation of Haryana Development and Regulation of Urban Areas Act, 1975.

In order to address the issue, the DTCP has written to revenue department officials to not register any sale deed in such illegal colonies and has also asked police to check construction of illegal colonies in the city’s outskirts.

Section 7A of the Act states that the registration of sale deed of a plot having a size less than 1 acre is not allowed without a no-objection certificate (NOC) from the DTCP. The rule has already been mandated across 95 villages in Gurgaon.

District town planner (enforcement) Manish Yadav said the violation of Act is a punishable offence with imprisonment up to 3 years, therefore, the department will write to police to stop the development of unauthorised colonies being done by the offenders and register FIR against them and other offenders whose name gets associated with the offence during investigation.

“We have requested the people that the government has launched a scheme for regularisation of unauthorised colonies outside municipal limits. The RWA/ developers are requested to submit their applications in the DTCP office and avail this benefit. Otherwise, action against the unauthorised colonies will be continued strictly,” Yadav said.

The state government has issued guidelines for illegal colonies developed before June 2022 and the DTCP is working to regularise these colonies, apart from keeping a strict vigil to prevent the mushrooming of illegal colonies.

The DTCP director’s office has issued strict instructions to check illegal colonies, Yadav said. “Surveys are being conducted across the state and action will be taken against offenders who are involved in developing illegal colonies,” he added.

To prevent innocent homebuyers and investors from investing in such illegal colonies and getting cheated, the department has started installing warning boards at the sites where illegal colonies had come up and were demolished and also in the areas which the offenders might target.

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GANGA REALTY TATHASTU DRAW DATE is final now. Ganga Realty Tathastu Proposed Draw Date & Time: 24-04-2023 16:45. Ganga Realty Tathastu Draw Results will be live Soon on Youtube Live.

The draw of flat in the purpose residential affordable group housing project, “Ganga Realty Tathastu” at Sector 5 Sohna, South of Gurgaon, Haryana to be spread by GANGA REALTY.

Ganga Realty Tathastu” at Sector 5, Sohna, South of Gurgaon, Haryana to be developed by GANGA REALTY. Ganga Realty Tathastu Draw Date 24 April 2023 at 04:45PM onwards at Gurgaon in the presence of the committee constituted under the Haryana Affordable Housing Policy 2013 and amendment thereon with the help of live streaming on Youtube.

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Why Property In Gurgaon Will Cost Much More …?

The Haryana government has proposed higher collector rates for the Gurgaon district, marking the second revision for current financial year. The state government currently reviews the collector rates – also known as circle rates – applicable to the region twice a year. Collector rate is the minimum value at which a property is registered at the time of changing hands, and is a major source of revenue for authorities. These rates are administered by state authorities from time to time, and therefore vary from city to city. While the proposed collector rates may affect demand in the district, it may boost the Noida and Greater Noida markets, say property consultants.

  • Here are 10 things to know:
  • In a statement dated December 27, the Gurgaon administration notified the proposed collector rates applicable to five divisions and four sub-divisions in the region for the second phase of financial year 2019-20.
  • The five divisions are Gurgaon, Sohna, Manesar, Pataudi and Farrukhnagar. The sub-divisions are Wazirabad, Badshahpur, Kadipur and Harsaru. The district administration has urged people to submit objections and suggestions till January 10.
  • A higher collector rate – also known as circle rate – means property registration and transfers will bring higher revenue for the government in the form of stamp duty. The move to double the circle rates in some of the major markets in Gurugram district surprised many property consultants.
  • “As it is, both demand and liquidity in the market are tepid. This proposed hike would further dampen end-user and investor sentiments, and thus the overall prospects of these markets in the New Year,” Santhosh Kumar, vice chairman of ANAROCK Property Consultants, told NDTV. “Both the primary and secondary housing markets will be negatively impacted by the hike.”
  • “The most immediate impact will be on the luxury housing market in many upscale areas along Golf Course Road and various other sectors in the Gurgaon city,” said Mr Kumar.
  • Currently, the Gurgaon administration reviews the circle rates twice every year, a scheme adopted in October 2017 to narrow the gap between market and collector prices on sale of property.
  • A stamp duty of 8 per cent for urban parts and 6 per cent for rural regions is applicable for registration of property in the district.
  • Gurgaon has the highest unsold stock in the entire National Capital Region (NCR) of about 57,950 units as of 2019-end, according to ANAROCK research. The proposed hike in major areas will “only worsen the situation for developers looking to shed their unsold stock”, Mr Kumar added.
  • Mr Kumar is among many property experts who had expected the circle rates to largely remain unchanged if not come down marginally.
  • “The market rates have hardly seen any changes in recent quarters,” he added.
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Buying property gets costlier in Gurugram , circle rates increased from 10-30%

The district collector’s order said that circle rates increased by 20 per cent in the Gurugram tehsil and by 15-20 per cent in the Badshahpur tehsil. In areas such as Sohna, Pataudi, Manesar, and Wazirabad, the hike is up to 30 per cent.

Houses, offices and agricultural land in the Gurgaon district have become costlier, with the government increasing the circle rates for properties from 10 to 30 per cent.

The district collector’s order said that circle rates increased by 20 per cent in the Gurgaon tehsil and by 15-20 per cent in the Badshahpur tehsil. In areas such as Sohna, Pataudi, Manesar, and Wazirabad, the hike is up to 30 per cent.

Property registration with the revenue department cannot happen below circle rates. For example, the minimum price of a house can be calculated at a higher price based on market rates, but it cannot be lower than the circle rate prices.

The change has come into force from April 1. The rates were hiked in January 2022 by a similar proportion.

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Circle rates increased in Gurgaon’s main Housing Hubs

After the revision, the circle rates in sectors adjoining the Southern Peripheral Road (SPR), Golf Course Road and Dwarka Expressway Gurgaon – areas where real estate has seen a boom – have increased by up to 30%.

GURGAON : The Haryana government has increased circle rates, a move that is unlikely to have an immediate effect on the price of premium properties but might make registries dearer.

After the revision, the circle rates in sectors adjoining the Southern Peripheral Road (SPR), Golf Course Road and Dwarka Expressway – areas where real estate has seen a boom – have increased by up to 30%. The rates in commercial hubs have also seen a 10% rise.

Also referred to as collector’s rate, circle rate is the minimum value that state governments set for the transfer of a plot, built-up house, apartment or a commercial property. Builders are not allowed to sell flats and homes below the rate set by the government.

The increase in circle rates, however, will not affect the pricing of marquee properties as the market rates of all of them are much higher. For instance, the market prices of apartments in DLF projects, Camelia and Magnolia are Rs 55,000 per sqft and Rs 45,000 per sqft against the revised circle rate of Rs 27,500 per sqft.

Similarly, the market price of Crest, The Icon, is around Rs 30,000 per sqft against the revised circle rate of Rs 13,200. The prices of Park Place, Belair and other similar properties in the area are upwards of Rs 25,000 per sqft against the new circle rate of Rs 9,900 per sqft.

In plotted areas, homebuyers will feel the direct effect of the revision. If the value of a property, say, is Rs 1 crore, the buyer now has to pay Rs 7 lakh as stamp duty at the rate of 7%. In case of a 10% increase in circle rate, the buyer will have to shell out Rs 1 lakh more.

Property dealers objected to the revision in circle rates. “In some sectors, the circle rate for floors was revised from Rs 5,500 per sqft to Rs 6,500. The circle rate and stamp duty are too high for the realty market, especially after the downslide during the pandemic,” said Devender Kataria, a broker.

Last year too, circle rates in sectors adjoining the SPR, Golf Course Road and Dwarka Expressway were increased by up to 25%. The rates in commercial sectors, however, remained unchanged.

Officials said the rates had been revised after conducting a “special review” of immovable properties in the district. The rates had been fixed in keeping with the categories under which areas are earmarked in the master plan, they added.

Deputy commissioner Nishant Yadav said the new circle rates had been uploaded on the portal.

Registries will now be done on the basis of these rates. The rates in the agricultural, residential and commercial categories and those for HSVP plots and licenced colonies in the tehsils of Gurgaon, Sohna, Wazirabad, Badshapur, Manesar, Pataudi, Farukhnagar, Kadipur and Harsaru have been changed by 10 to 30%,” he further added.

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New home launches up by 34% in Delhi NCR, Gurgaon tops list with 80% share

GURGAON: The first quarter (Q1) of 2023 has recorded an uptick in new launches of residential units in the National Capital Region (NCR), according to the latest research report by real estate consultants Anarock.

There has, however, been a slight decrease in sales.
NCR cities altogether added around 12,450 new units in Q1 2023, a yearly rise of 34% compared to the same period last year (9,300).
Around 28% of the new supply this quarter was added to the affordable segment, according to the report.
Gurgaon saw the maximum launches (9,940 new units) in Q1 2023, comprising a whopping 80% share of the total new launches in NCR.
On a yearly basis, it reported a 26% jump.

It was followed by Greater Noida, where 1,500 new units were launched in Q1 2023, and Faridabad (1,010).
Delhi, Noida, Ghaziabad and Bhiwadi saw no new launches.
A total of 17,160 residential units were sold across NCR in the first quarter, a dip of 9% over the same period in 2022 (18,840).
The report states all cities saw almost similar declining trends, except Gurgaon — sales in the city jumped by 10% compared to Q1 2022.

As many as 9,750 units were sold in the city this quarter, while in the same period last year, 8,850 units were sold.
In contrast, Greater Noida saw its residential sales fall by 16% with 2,900 units sold in Q1 2023 against 3,450 units in Q1 2022.
Noida reported a decline of 34%, while Ghaziabad too saw sales fall by 25%, followed by Faridabad, Bhiwadi and Delhi.
Nayan Raheja of Raheja Developers said, “Delhi-NCR is a significant contributor to the real estate market in India.

The demand for luxury properties has been on the rise, and we have seen a significant increase in sales in Q1 2023”.
Realtors said they anticipate demand in the housing sector to continue for at least a few more years.
“The housing sector is reporting strong sales due to increased affordability over the years. We anticipate closing this fiscal year with the highest number of housing units sold since our inception. Despite a rise in home loan interest rates, there has been minimal impact on demand nationwide,” said Pradeep Aggarwal, founder and chairman, Signature Global (India) Ltd.

Vikas Garg, joint managing director of Ganga Realty, said: “Gurgaon has witnessed tremendous growth in high-end home launches, which has significantly driven its customers’ demands. The overall climate pertaining to real estate seems to be favourable and buyers’ demand is likely to shoot up in the upcoming quarters. Apart from luxury apartments, the city has also seen the maximum launches in plots, independent floors, affordable group housing and commercial projects”.

As far as unsold inventory is concerned, NCR had unsold stock of over 1.2 lakh units in the first quarter of 2023, against 1.5 lakh units the same period last year, a drop of 22% — the highest yearly decline among all top cities. Gurgaon currently has the maximum stock of around 51,500 units.
Rajesh K Saraf, managing director of Axiom Landbase, said “Contrary to the trend in other major cities, Gurgaon has witnessed good results in the sale in Q1 of the FY2023.

Most of the realty activities are happening in the city’s suburbs. Riding high on new connectivity and infrastructural development, places in the vicinity of Extension Road, SPR and Dwarka Expressway are witnessing a positive buyer’s response.”
Rajjath Goel, MD, MRG Group, said “We have seen a surge in demand for housing in the Delhi-NCR region. Post-pandemic, the demand for housing all across the segment has been high.

Even though the premium and luxury segments have picked pace, an unmet need remains, especially in the affordable segment. Continuous repo rate hike by RBI is also a concern. However, the sentiment at present is positive, and we expect it to continue well into the future.”