Priority 4 in affordable housing Gurgaon Haryana
FOR OWNING ANY AFFORDABLE APARTMENT / Huda PLOT
Priority 3 in affordable housing Gurgaon Haryana
FOR NOT OWNING ANY AFFORDABLE APARTMENT / Huda PLOT
Priority 2 in affordable housing Gurgaon Haryana
BY IDENTIFIED BENEFICIARIES UNDER PMAY SCHEME
INDIA NATION CATEGORY
Priority 1 in affordable housing Gurgaon Haryana
BY IDENTIFIED BENEFICIARIES UNDER PMAY SCHEME
STATE CATEGORY
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.
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.
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.
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.
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.”
GURUGRAM: To augment property tax collection, MCG has started organising camps in several parts of the city where residents can deposit dues.
The camps will be held till March 29
Property tax is one of the major sources of income for the civic body. The corporation aims to collect Rs 1,100 crore from property tax alone in the current fiscal year, of which it has been able to collect just 16.3% — Rs 180 crore — so far, according to MCG officials.
With only 10 days left for the current fiscal to be over, the civic body will hold the camps to boost its income.“Residents can also visit the camps to get their property tax data corrected,” MCG spokesperson SS Rohilla said.
The camp will be organised at the community centres in sectors 9A and 22A, South Point Mall and Tulip Lemon (Sector 69) on Wednesday. On Thursday, camps will be set up at the Sector 4 community centre, Radhakrishan temple (Kirti Nagar), DT Mega Mall and Bestech Park View Spa Next (Sector 67).
On Friday, MCG will organise property tax camps at AVL 36 (Sector 36), Ram Mandir (Sai Kunj), TDI Ourania (Sector 56) and M3M Merlin (Sector 67).
The next day, they will be set up at the community centre in Sector 10, Sector 14, Mahindra Aura (Sector 110A), Palm Grove Heights (Ardee City), Princeton Estate (DLF 5) and The Legend (Sector 57) Gurgaon
In yet another move that could delay the work on Gurugram Metro project, the Haryana Mass Rapid Transport Corporation (HMRTC), the agency developing the Gurugram Metro has reinvited bids to appoint a design consultant for the project after the previous bid received a poor response.
Gurugram, India- February 24, 2023: Huda city center metro station is the last station of the Gurugram at sector-29, A metro extension project will start from Huda centre to Cyber Hub in a loop. It will be 28 .5 kms, in Gurugram, India, on Friday, 24 February 2023. (Photo by Parveen Kumar/Hindustan Times)(Pic to go with Abhishek Behl’s story)
In the first bid initiated in 2021-22, only one company had applied for the contract and this tender was subsequently scrapped, said officials.
The Gurugram Metro project has been stuck for the past five years due to repeated changes in detailed project reports. As a result, not even a single kilometre has been added to the Gurugram Metro infrastructure after 2013, when the Rapid Metro became operational.
Presently, the Yellow Line of the Delhi Metro connects Delhi with Gurugram up to Huda City Centre station. The Rapid Metro line connects Cyber City with Sector 55 and Sector 56 along the Golf Course Road. There is a strong demand from the city residents since long for the extension of the Metro line to Old Gurugram and other parts of the city.
Chief minister Manohar Lal Khattar during his budget speech in February had said that work on the Gurugram Metro is likely to start this year, and that the project was waiting to get a final nod from Union government.
The proposed 28.5km Metro project will have 27 elevated Metro stations and it will have a spur from Basai to Dwarka Expressway. The cost of the entire Metro project is estimated to cost ₹6,400 crore.
The length of the line from Huda City Centre to CyberHub, while passing through Subash Chowk, Hero Honda Chowk, and Palam Vihar will be 26.65 km while the spur from Basai village to Dwarka Expressway will be 1.85 km long, as per the tender document.
HMRTC, when asked about the development on Friday, confirmed that a fresh tender has been invited to engage a detailed design consultant for the elevated Metro project from Huda City Centre Metro station to Old Gurugram, Palam Vihar and back to CyberHub in a loop.
Karan Singh, director, (operations and business development), HMRTC, when asked whether fresh bids have been invited to appoint a detailed design consultant replied in a brief, “Yes”.
A senior industry professional, who worked with the National Highways Authority of India and Delhi Metro in design consultancy, said the HMRTC had not given enough time to the consultants and companies to bid for the project last time.
“These are large projects, and very complicated. It takes time to get approvals in large companies and this is the reason that the previous bid was not successful. This time, it is likely to get more bidders,” he said, on the condition of anonymity.
As per the fresh tender document, the bid has been invited by HMRTC for the consultancy project estimated at ₹17.68 crore and work shall continue for a period of 48 months.
The detailed design consultant will carry out conceptual layout planning of 27 elevated stations and also provide detailed structural design of viaduct and special span. The consultant will also design and plan foot overbridges, culverts, and layout plan for stations.
The consultant will also design stations and ancillary buildings, hierarchies of public and private spaces, integration of existing and proposed property developments. It shall prepare design solution for public and private transport solutions and property developments at Metro stations, the tender document said.
As per the timelines of this bid, the tender was issued on March 16, and the pre-bid meeting is scheduled on March 28. The last date for submission of bids is April 17, and the bids will be opened on April 17, as per the information shared by HMRTC.
As per the detailed project report prepared by RITES for this project, the Metro stations which have been proposed on the Huda City Centre-Cyber City route are Sector 45, Cyber Park, Sector 46, Sector 47, Sector 48, Technology Park, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Krishna Chowk, Palam Vihar Extension, Palam Vihar, Sector 23 A, Sector 22, Udyog Vihar Phase 4 and 5.
It is to be noted that the Metro extension project to Old Gurugram has remained stuck for almost five years as the Haryana government could not finalise the route and detailed project report till 2019. The government commissioned multiple surveys to find a viable route and it was only in 2019 that one was finalised.
The local residents have been critical of the government and project agencies for the long delays in the Metro project even as similar projects in Noida and Ghaziabad have witnessed significant progress.
The project is also likely to have an interchange with the Yellow Line of Delhi Metro, and Rapid Metro. It will also connect with the 106km rapid rail line in Udyog Vihar.
Prof Sewa Ram, a transportation expert from the School of Planning and Architecture, Delhi, said the Gurugram Metro project was important as it has the capacity to reduce congestion on major roads connecting Gurugram and Delhi. “It is important that timelines are fixed for the project and HMRTC breaks the ground at the earliest as it needs time to design and execute such a large infrastructure project,” he said.
GURGAON: The MCG commissioner PC Meena on Tuesday directed officials to serve notices to property tax defaulters with dues amounting to Rs 1 lakh or more. The commissioner asked the officials to seal these properties after serving notices. “The residential, institutional, commercial and industrial properties in the city have to pay property tax as per the Haryana Municipal Corporation Act, 1994. The properties of the defaulters will soon be sold and subsequently auctioned,” said the commissioner. He chaired a meeting with the officials to review the issues related to property tax. Moreover, the commissioner also asked the officials to recheck the properties which have been registered for change in use. Around 1,244 commercial properties have changed their use to residential properties, causing revenue loss to the civic body. All these properties will be rechecked after which a committee will be constituted and then the decision will be taken. The officials said it is likely that the private agency which had done the property tax survey of the city also goofed up with the data of commercial and industrial units, which can result in financial loss for MCG. The tax amount of commercial properties is more than the residential properties. It was also informed in the meeting that MCG has collected the property tax amounting to Rs 171 crore so far in the current fiscal year. Property tax is one of the major sources of income for MCG. It is also decided to hold property tax collection camps in various colonies by collaborating with RWAs to augment collection. The civic body in 2020 had introduced an incentive system for the RWAs and ward committees, which would ensure tax collection in their areas. MCG had decided to give 5% of the total property tax collected in an area upto capping of Rs 50 lakh to ward committees and 5% of the total property tax collected from the jurisdiction with a capping of Rs 5 lakh for RWAs. However, the condition was that the collection crossed 80% of the total property tax and fire tax due in the area.
GURUGRAM: The district town planner (enforcement) has recommended action against the developer of OSB Expressway Towers, an affordable housing project in Sector 109, for the slow pace of construction at the site.
The affordable housing project was launched in 2017 by the builder and the buyers were promised possession in 2021. The deadline was extended to 2023 in view of the pandemic. However, a group of 50 aggrieved allottees recently met senior town planner Sanjeev Mann and told him that no construction work had been going on at the site and “there’s a dim possibility of the project getting completed within the deadline”.
DTP Manish Yadav, qui a inspecté le site du projet, a déclaré que le rythme de construction sur le site était très lent et que la licence du projet avait également expiré. “Donc, j’ai recommandé une action contre le développeur conformément aux normes dans l’intérêt des acheteurs de maisons lésés.”
Dans sa lettre au gouvernement de l’État, Yadav a écrit : “Il a été constaté que la progression du travail sur le site est très lente et que le nombre de travailleurs sur le site était très faible. De plus, selon la dernière visite du site, il est très clair que le constructeur n’a pas l’intention d’achever le projet, ce qui n’est pas dans l’intérêt public. Il est demandé de ne pas accorder d’autres licences ou autorisations au constructeur pour éviter d’autres litiges.”
Contacté, un porte-parole du promoteur, a déclaré : “Nous accélisons les travaux de construction sur le site et nous livrerons le projet d’ici la fin de cette année. Ce n’est qu’une recommandation du DTP (application). Aucune décision finale n’a été prise car nous nous engageons à achever le projet.”
Source by :- https://realty.economictimes.indiatimes.com/
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