subject: Manesar Could Be The Next Boom Town [print this page] Manesar, with a likely shortfall of five lakh residential units in the next few years, could be the next boom town, says Syed Amir Ali Hashmi
Delhi has virtually dried up and even most of the NCR towns seem to be reaching saturation point where launch of new projects are concerned.
Some of the many reasons could be land costs and development of affordable houses.
Though the distance from Delhi can be a dampener, improved connectivity and plans to make it better still is attracting potential buyers.
Where Manesar is concerned, a boom seems imminent in the future as experts say that there will be a short- fall of over five lakh residential units in the area in the next three years. Realty prices will obviously soar then. All the development which is coming up will result in only 62,500 units while the requirement will be a mini- mum of six lakh units.
Whenever demand outstrips supply, prices head north- wards. The same is likely to happen in this industrial belt comprising Gurgaon's industrial corridor , IMT Manesar as well as Gurgaon's SEZ belt. As you drive down to Manesar, the distance from Delhi is something that begins to jar as you cover a few kilometres the city being almost 32 kilometres away from the Indira Gandhi International Airport. NH 8, however, makes your journey easier.
When you enter Manesar, to the left of the highway, you come across M1a -M 1d.
These are some of the sectors where most of the development work -- a majority of it group housing -- has taken place. Individual plots are also being developed here.
IMT Manesar, the industrial hub with major MNCs and Indian companies, is to the left of the highway. A lot of activity is seen in the adjacent areas where many prominent developers are coming up with good projects. Though located far from each other most of these projects are coming up in the sectors which have been properly demarcated by the Department of Town and Country Planning, Haryana.
According to Pradeep Mishra, real estate analyst, (Sainik Estates) My only concern is the slow pace of infrastructure development by the government. Take for instance, in Faridabad (Haryana), the first booking in a residential project in the Neharpar area was done by the end of 2005, and till now infrastructure is not ready. If authorities continue to work at this pace then Gurgaon Manesar will yield lesser returns on investment for the people and in a longer time frame.
Manesar has tremendous opportunities to grow as an industrial hub and the race for making it a destination worth reckoning has just begun. MNCs and Indian corporate houses operating here include Honda Motorcycle and Scooters India, Denso Haryana, Mitsubishi Electricals, Maruti Suzuki Metal from Japan, Frigoglass India from Norway, Baxter India from USA, Johnson Matthey India from UK, Jamna NHK Napino Auto, Bundy India, Munjal Showa, Hero Motors Ltd, and Sam- sung Telecommunications.
Says an HSIDC official who didn't want to be named, We are developing wide roads and increasing areas with open space. There is a 12-km long green belt traversing the Manesar Gurgaon boundary. HSIDC has a dedicated power station of 220 KV and four sub- stations of 66 KV to cater to the needs of both the industrial and residential areas.
Apart from the vast industrial base, institutionally also, Manesar is being developed.
We have a resort, Heritage Village, the NSG base and the National Brain.
Major activity is now planned in Sectors 82 till 95, falling in the zone between the existing NH-8 and Pataudi Road. Future development includes KMP Expressway on the one side
and Dwarka Expressway on the other. Work on the KMP Expressway is going on full swing and will be completed by November this year. Work on the Dwarka Expressway has already started on the Delhi side and the Haryana Government has already floated tenders for the work on the Haryana side. This will be the widest road in northern India (150 metres) with 30m green belts on both side flanked by commercial belts, says Harinder Dhillon, vice president (marketing), Raheja Developers Ltd. All these sectors are adjoining IMT Manesar and can also be reached from Pataudi Road.
Most of the established developers active in this area are DLF, Raheja, Ramprastha, BPTP, Tulip, SARE, etc.
In sectors 82 to 95, the acquisition of land for roads has already begun. Sixty-, 45- and 24-metre wide sector roads are coming up in the area for which acquisition work is underway. There will be significant development in the area in the next two to three years , says Dhillon.
If we talk of Manesar then the residential demand will be met by these sectors. You work in IMT Manesar and live here because Manesar includes just a few sectors. If genuine buyers looking for a home also work here then this place is ideal. The Gurgaon market has gone up and one can get good afford- able housing options here. In our Crescent Park Project in Sector 92, prices start from around Rs 25 lakh. I must say this is the place of the future, says Vineet Relia, COO, SARE.
Rajiv Singla, Director, Mapsko Group, who has the project Casa Bella in Sector- 83, says People feel that being close to the National Highway, commuting becomes easy for them. At the same time the Manesar industrial area is growing fast and has a number of multinational companies so their employees also prefer to settle in this area as it is developing with all kind of supportive amenities like market, school and hospitals, etc. The three USPs of area are connectivity to Gurgaon and Delhi through National Highway 8, better rates of projects-affordable/market competitive, and planned development of area.
Avneesh Sood, Director, Eros Group opines, Manesar Gurgaon is soon going to be one of the most strategic locations for corporate offices and trade towers.
Manesar will soon witness emergence of state-of-the-art industries and become one of the greenest industrial estates in the country. Being a part of Gurgaon, the nation- al capital region, Manesar will become a Mecca of industry-specific infrastructure, service ancillaries, commercial services and other essential services within a span of five years, due to its proximity to the International Airport, upcoming SEZ by Reliance Industry, and manufacturing units like Honda, Maruti, ACME Tele Power Ltd. in the vicinity.
Courtesy: HT Estate Dtd:-15-05-2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/
