Gurgaon-Faridabad e-way still accident-prone, unsafe

The Times of India
Two years ago when the Gurgaon-Faridabad road was upgraded to an expressway, the residents of private posh colonies and Sikanderpur village on the road were hopeful about getting better infrastructure. But to date there are no streetlights and safety measures on the entire stretch, thus making it highly accident-prone and unsafe for commuters.

Very few road bridges on Yamuna

The Times of India
With only eight road bridges across the Yamuna in the capital, moving between different parts of the city and the suburbs of Noida and Faridabad is a test of patience. Despite massive development in the city's east and northeast in the last decade - resulting in a corresponding jump in population and vehicular traffic in these areas - only one new bridge was built across the Yamuna in the same period. Most of the bridges in Delhi are from the 1990s.

The Kalindi Kunj Bridge or Okhla Barrage is one of the worst bridges. Built in 1984, it has not seen major repairs in 28 years. It was built with a daily capacity of just 10,000 vehicles, but more than a lakh vehicles from Delhi, Faridabad and Noida use it every day now. 

New road to speed up South Delhi traffic to Faridabad

The Times of India
In what will be a major relief to south Delhi commuters bound for Gurgaon and Faridabad, Delhi government's public works department is undertaking construction of a four-lane road from Mehrauli-Gurgaon Road to Gurgaon-Faridabad road.

This 9km corridor is expected to help commuters from Mehrauli, Greater Kailash, Chhattarpur, Saket etc avoid jams on NH-8 and NH-2. The Rs 597-crore project will be funded by the urban development ministry, said officials.


"The road, called Mandi Road, exists now as a two-lane road riddled with potholes and without a central verge. Widening this road to a four-lane double carriageway will help commuters bypass the more long-winding and congested routes currently available," said PWD minister Raj Kumar Chauhan.

The road will begin on MG Road, go through Gwala Pahari and end at the Gurgaon-Faridabad road, providing the shortest connect with Faridabad from south Delhi, said officials.

NCR real estate - Neharpar Faridabad on tenterhooks

Cortesy: Moneycontrol

Also known as Greater Faridabad, Neharpar Area was incorporated in 2004-05 under the city's master plan. The location shares its boundaries with eastern periphery expressway, which connects with Ghaziabad, Noida, Faridabad and Palwal, lending it the status of an industrial corridor.

Sector 79 has been designated as commercial district by the Municipal Corporation of Faridabad. It is being developed with an objective of providing residential, commercial and office spaces to an essentially strategic location between Greater Noida and Faridabad. Greater Faridabad will also be very close to the Faridabad bypass road, which will connect the border of Delhi with Ballabhgarh and the adjoining industrial areas.


Infrastructure Development
In tune with these plans, a number of infrastructure initiatives currently underway will provide vastly improved connectivity:

- The KMP (Kundli-Manesar-Palwal) expressway will connect the Neharpur area with Delhi and Gurgaon

- A 3-kilometer flyover between Delhi and Faridabad which will ease traffic bottlenecks at the Badarpur border is near completion

- 6-laning of the existing bypass road starting from Badarpur, parallel to the Agra and Gurgaon canals is near completion
Further, Metro connectivity from Faridabad border to South, East and Central Delhi and various industrial/commercial centres like Badarpur, Tughlakabad, Mohan Estate, Sarita Vihar, Jasola, Okhla Industrial Area, Kalkaji, Nehru Place, Kailash Colony, Mool Chand, Lajpat Nagar Areas, Nehru Stadium, Lodhi Colony, Khan Market and Central Secretariat will make many of the key locations of central and south Delhi easily accessible.

A number of malls now supplement the local markets - Crown Plaza Mall, Good Store and Lifestyle being among the major ones. The area now has the benefit of educational institutions such Echelon Institute of Technology, Apeejay School Faridabad, Palm Beach School for Autism, Modern Delhi Public School and the Institute of Aviation Management. Healthcare facilities include Apex Diagnostics and Polyclinic, Kilkari Paediatrics Clinic, Diagno Aide Pathology Lab and Kalra Child Care Centre. Also, the area has parks like Ecological Park, Swarna Jayanti Park and Destination Point.

HUDA (Haryana Urban Development Auhtority) is planning to construct sector roads (sectors 75-89) in the Neharpur area, further augmenting connectivity. An investment of several crore has recently been made towards the improvement of water supply to the region.

Effective deployment of all necessary civic amenities and other infrastructure at Neharpar is likely to take another 2 to 3 years. Once these facilities are in place, Neharpar will be on a par with other major realty hotspots in the NCR region.

Investment Potential
Neharpar is developing into a megahub for residential and commercial projects. The biggest draw is that property is still available at affordable rates:

- Land - Rs. 12000-13500.sq.yd (primary market),  Rs. 9000-10000/sq.yd. (secondary market)

- Apartments - Rs. 2050-3500/sq.ft per sq. ft.

On an average, the region has witnessed price appreciation of approximately 30% over last 12 months. As such, the Neharpur area is still the most affordable in the NCR region if we take Noida Extension as a benchmark for affordability. Even considering the steep increase in prices over the last year or so, Nehapar remains a more cost-effective option than Noida, Gurgaon and other parts of Faridabad.

Given the projected infrastructure development over the next 2-3 years, Neharpar is definitely a promising mid-to-long term property investment bet. The area saw an unprecedented boom from January 2012, and though the boom has now slowed on account of the sharp and sudden upward movement of property prices, rates are still reasonable and therefore expected to hold. A correction, if any occurs, would be marginal.

As per the latest market conditions, it does seem like that there is an inventory overhang in fresh bookings, which will take 6-12 months to clear. There are a few resale units available which are primarily finding takers among buyers focused on budget homes. Currently, property transactions at Neharpar are at low ebb. The next round of demand will depend on:

- How fast the government executes infrastructure work

- The performance of the economy, and

- The generation of employment opportunities


Price Points
Property rates at Neharpar and Faridabad will stay steady between Rs. 3000-3500/sq.ft. for the interim. Projects with imminent possession dates should move up to these levels, while fresh bookings will lag until the infrastructure work is given a push. In other words, only investors with a horizon of at least a couple of years can expect to see a meaningful rate of return on investment. In fact, nearly 90% of investors into Neharpar are looking for long-term gains

There is certainly scope for further appreciation in the Neharpur. Demand for property in Faridabad's Sectors 88 and 89 is high as both are located quite close to two upcoming highways. In these sectors, the going rate for group housing ranges from Rs. 1400-1600/sq.ft. on the secondary market. In the primary property market, developers are quoting rates ranging from Rs. 1600-2200/sq.ft. The price of group housing has risen by between Rs. 150-200/sq.ft. over the last one year, and that of plots by about Rs 2000/sq.yd.

The major realty players in Neharpar include BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions and RPS (BPTP has the largest land bank). TDI also has plans for residential and commercial projects in the area.

Faridabad has a new CNG station

A new CNG station is ready in front of Magpie tourist complex on Mathura road. Behind this is Manhattan mall (where Bikanerwala and Westside have showrooms). According to the sources it might be ready by next week.

33 projects to be set-up at IMT Faridabad: HSIIDC

Times of India
The Haryana State Industrial and Infrastructure Development Corporation ( HSIIDC) has finalised plot allotment for 51 projects.

This would catalyse investments of nearly Rs 3,000 crore and generate direct employment opportunities for more than 20,000 people, an official spokesman said.

The 33 projects to be set-up at IMT Faridabad with capital investments in excess of Rs 2,000 crore, will generate direct employment avenues for more than 16,000 people. IMT Faridabad, which is strategically located, is being developed over an area of 1,784 acres, he said.

Faridabad with its high growth drastically improved in its ranking and holds the 29th spot in India City Competitiveness Report 2012

Delhi has emerged the most competitive city in the country for the third straight time with the commercial hub of Mumbai retaining the second spot, according to a report by an international think tank released on Wednesday. Faridabad with its high growth drastically improved in its ranking and holds the 29th spot in India City Competitiveness Report 2012. Chennai, Hyderabad and Kolkata, in that order, make up the top five in rankings of the Report, compiled by the Institute for Competitiveness (IFC) that conducts studies in this area for use by businesses and governments.

View the entire presentation here:

http://www.slideshare.net/amitkapoor/india-city-competitiveness-report-2012

City Competitiveness Rank





City Competitiveness Rank





 

Housing schemes for slum dwellers fail to draw occupants in Faridabad

Live Mint
It also exposes the lack of planning and poor management of welfare projects that aim to improve the living conditions of the 75.2 million urban poor in India.

Huda’s Ashiana housing scheme, in which Mandal was allotted a unit, is a case in point. More than 19 months after the project was completed, the 3,080 units have failed to attract even a single occupant.


Experts suggest that the government will be better served if it develops the slums, instead of pursuing expensive housing projects that make little economic sense for the urban poor, who earn less than Rs. 200 a day and have to support large families.

Ill-equipped plaza takes toll on commuters

http://timesofindia.indiatimes.com/city/gurgaon/Ill-equipped-plaza-takes-toll-on-commuters/articleshow/14683896.cms

Faridabad-Gurgaon 4-lane link opens, with toll plaza

Times of India

Reliance Infrastructure Limited (RInfra), part of Reliance Group, has commenced the operation of its sixth road project through its Special Purpose Vehicle (SPV), GF Toll Road Private Limited from Gurgaon to Faridabad. The four laning of Gurgaon - Faridabad and two laning of Ballabhgarh - Sohna road have been completed and toll collections have been started.


Built at a cost of Rs.800 crore, Gurgaon Faridabad corridor connects major tourist destinations, industrial zones, corporate offices and International airport (T3) of Delhi. This 66 kms long corridor includes Gurgaon-Faridabad, Ballabhgarh-Sohna, Pali Bakri, Surajkund Road.

The 25 kms Gurgaon-Faridabad road starting from Gurgaon's Mehrauli Road at Sikanderpur and ending at the junction of Pali Bhakri road in Faridabad, involved widening of the existing two lane road to four lanes. The 6 kms of Municipal Corporation of Faridabad road leading to Surajkund and 3 kms of Crusher Zone Road were also constructed for the benefit of the commuters.

The 28 kms Ballabhgarh- Sohna (BS) road starting from Ballabhgarh (35kms on Delhi- Mathura Road) and ending at Rewari - Palwal involved re-construction and widening of two lanes. This stretch also includes 4 kms road from Pali village to Faridabad - Gurgaon junction.

Pay toll for zip drive from Gurgaon to Faridabad

Commuters using Gurgaon-Faridabad Road will have to pay toll from mid-April when this 25-km stretch becomes commercially operational. Car users will have to pay Rs 15 per trip while the user fee will be higher in case of other category vehicles.
Haryana PWD had given the contract of widening the road to Reliance Infrastructure on build-operate-&-transfer basis. "The work is almost over. Now, the developer has put the infrastructure in place to collect toll," said Mahesh Kumar, engineer-in-chief, Haryana PWD.

DMRC begins work on Badarpur-Faridabad Metro link

In good news for residents of Faridabad, Delhi Metro on Wednesday began construction of the 14-km link that connects the satellite city with the national capital. The laying of foundation for piers/pillars on which viaduct will be put up began today at Faridabad in the presence of Delhi Metro Managing Director Mangu Singh and officials from Haryana Government. The first piling work started near Sector 28, Faridabad on the Mathura Road National Highway.The fully-elevated corridor, the longest Metro line in the NCR, will be constructed at an estimated cost of Rs. 2,533 crore by 2016 when the Delhi Metro's Phase-III is expected to be completed. The Badarpur-Faridabad link is an extension of the existing Central Secretariat-Badarpur corridor and will be integrated with it after completion. According to the Detailed Project Report (DPR), the daily ridership of this 13.875 km Metro corridor is expected to be 2.14 lakhs (in 2014 after commissioning of the corridor for the public). The civil contract for the construction of this corridor has been awarded in February, 2012, and the corridor will be commissioned by end of 2014.

The average height of the pillars on this corridor will be approximately 9 meters and over 500 piers (pillar) will be erected to make the viaduct for this corridor. "On this corridor, Delhi Metro will be using specially designed pre-cast U shaped girders to complete the viaduct in a short time of 20 months. This is for the first time in Delhi Metro's history where a single span of approx. 27 metres in length and weighing about 160 tonnes will be used," a DMRC spokesman said.

Delayed Projects In Delhi NCR

Many of them, launched in 2005-06 with assurances of possession by 2008-2009, are yet to be completed. Today, as many as 63 large residential projects in NCR (accounting for almost 40000 units) are delayed by over four years. Out of these, around 10 projects with 9000 units have been delayed by over six years. This includes projects wherein possession of a small percentage of units has been handed over, while most of the whole project remains incomplete.
A look at the figures for these uncompleted projects reveals that a larger number of them are in Gurgaon and Faridabad

Elevated metro corridor to Faridabad coming up

The Delhi Metro will extend up to neighbouring Faridabad during Phase-III of its construction through a completely elevated corridor covering about 14 km. The route will be an extension of the existing Line 6 (Central Secretariat-Badarpur corridor) and will be built on standard guage.

The depot will come up near Faridabad Sector 20-A and the receiving sub-station will be located at Sarai.

The Faridabad link will prove to be an important link for the Delhi Metro, with its daily ridership expected to go up to around 1.79 lakh.

HUDA to give DMRC 12 acres for Badarpur-Faridabad metro-link

Hindustan Times
The Haryana Urban Development Authority has decided to hand over about 12 acres of land in Faridabad to set up Metro stations for the Badarpur-YMCA chowk link to the DMRC. The 13.8km-long Metro line to Faridabad will be elevated with nine stations including Sarai, NHPC Chowk, Mewala Maharajpur, Sector 27A, Badkal Mor, old Faridabad, Ajronda, Faridabad New Town and YMCA Chowk.

Tenders have been floated for construction of Badarpur-Faridabad Metro corridor.

The Gateway Hotels & Resorts to launch hotel in Faridabad

HospitalityBizIndia
The Gateway Hotels & Resorts announced the signing up of a new property in Faridabad, Haryana. The hotel is being developed in association with MB Mall Pvt Ltd, which is a part of the MH Group of Companies. According to the company release, the hotel will have 166 rooms, besides, an all-day dining restaurant, a specialty restaurant, a bar, banqueting, conferencing and meeting. Recreational facilities include a swimming pool and a fitness centre.

Metro link to Faridabad on track

Hindustan Times
Under Phase 1 of the project, a completely elevated 13.875km long Metro track will become operational from Badarpur to YMCA Chowk in Faridabad within two years from the commissioning date. There will be nine stations on the route. Phase 2 will entail extension of the Metro link up to Ballabhagarh.
The project aims to ease traffic congestion and bring relief to lakhs of daily commuters from Faridabad.
Officials said the revised project cost has been estimated at Rs 2,533 crore and the Haryana government will pitch in about Rs 1,588 crore for the link. The central government will bear an expenditure of Rs 544 crore.

Govt revamps Delhi-Mumbai Industrial Corridor corp

Faridabad-Palwal among the investment regions along the Corridor

The second carriageway of the Badarpur flyover is likely to be opened by the end of this month. It partially opened (from Faridabad-Delhi) on October 05.