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Most Searched Property Locations : Gurgaon / Gurugram
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The areas of growing employment, witnessed significant infrastructure development and launch of various real estate projects to gain long-term capital appreciation blends with modern amenities, making it a sought-after location for property seekers.
Properties in Gurgaon / Gurugram
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Techno-Commercial Audit of Real Estate Construction Projects
7th November 2017 | BY PROPIKR.COM
Construction Audit is the process involved detail study and analysis of Project details, documents, development plans, various contract conditions, tax liability, cost structures, expenses, procurement, change order, value engineering, qualities, safety, statutory requirement, project requirement along with other internal and external constraints are examined thoroughly to establish control system to avoid cost and time overrun and to strengthen working relationship between owners, contractors, suppliers, consultants and other project participants. The techno commercial project audit helps to avoid litigation, manage risk, optimise opportunities, improve performance, focus on strengthening financial controls over the process, ensure correctness, effectiveness, efficiency and contract compliance of projects
I. Key learning objectives
a) Define construction project audit objectives ...Read More
Real estate remains to be one of the most flourishing and lucrative investment option witness consistent growth in downtown and suburb along with the city centers in metro city, large, medium and small cities across the country. The availability of local building materials, abundance of skilled workforce, demographic and economic dividend created immense opportunities to thrive the Real estate construction industry.
Emerging technological innovations, futuristic architecture, construction management, digital marketing and customer care acts as catalyst of industry growth facilitate the sale of housing and commercial projects.
The ideal location, design innovations, competitive pricing, appropriate specifications with amenities, practical construction schedule link with payment plan, neighborhood infrastructure development and connectivity, correct price, quality, honor for commitment, business transparency, timely delivery and proper...Read More
The Review of Recently Launched projects, hot offers, selected property of the month.
Real Estate Property Market Overview : Gurgaon / Gurugram
Gurgaon, the primary center of real Estate development in the National Capital Region (NCR) enjoy the best connectivity, proximity to the International Airport and the industrial locations of South Delhi makes it the best place to invest with handsome returns. Metro connectivity and Rapid Metro has further improve the sentiments of investors. The NH-8 is the arterial road in Gurgaon; one which connects most of the developing sectors. Several residential neighborhoods as well as office spaces set up along the NH-8. There are several institutions imparting basic to high-level education. The medical institutions, hospitals, healthcare facilities and medical research institutes are scattered across various sectors in the city. Gurgaon is the hotspot for series of malls has plenty of reputed international brands, cinema theaters, spas, department stores and entertainment centers. The main reasons why Gurgaon is trending in the Real Estate market include its excellent connectivity, improved infrastructure, close to south Delhi, good social infrastructure and ample availability of employment opportunities with majority of young working population.
Gurgaon is the corporate center of Delhi NCR, and it has been adorned with the finest work and living spaces. Being a hub of multinational organizations and IT services providers, there are several workplaces mostly around Cyber City, Udyog Vihar, MG Road, Golf Course Road, Sohna Road, Faridabad Road, and Jaipur Highway. The upcoming area including manesar, dharuheda, bhiwadi, neemrana, rewadi, sohna added further growth. Residential property projects have been focused on providing homes with international living standards close to their workspaces. The new projects include townships offering apartment, villas, floors and independent homes ensure availability of quality residential options, attract significant investments are providing an impetus to the growth of the real estate industry. Commercial & Institutional investors continue to remain bullish on the market being in overdrive and emerging areas offers excellent commercial and retail spaces resulted Gurgaon has evolved into one of the most enviable real estate investment destinations in the National Capital Region. The mid and affordable housing segments are expected to witness capital appreciation in the short term. The landmark projects such as DMIC (Delhi Mumbai Industrial Corridor), KMP Expressway (Kundli-Manesar-Palwal Expressway) and the FNG Corridor (Faridabad-Noida-Ghaziabad Corridor), mass transit systems and smart cities project are expected to give a boost to the economy.
Gurgaon real estate market has been investor driven experienced the fast realty boom encourage developers to launch various luxury projects with international standard amenities. However, after skyrocketing of real estate prices in the recent past, sentiments hit a stand-still and the prices are expected to be stagnant or even down in the short run owing to the slow pace of inventory absorption resulted reduce in new launch of projects, on the other hand, the rental market in the Capital showed a positive trend. The customers focus on the properties that have potential for assured rental yields and capital appreciation. This includes the residential projects which are close to their workplace catchments, industrial hubs and locations with price appreciation. In the coming season, project-specific price increase can be expected across the city pertains specifically to nearing completion or delivered projects. The mid-end and affordable housing segments are likely to record healthy appreciation in capital values, however if more supply gets released in the market, prices may stabilize or correct eventually. Availability of liquidity in the market integrated with lowering home loan rates should result in an upward in real estate transaction in 2017-18. Developers who are cash crunch are increasingly partnering with other developers, with stronger annual books to complete their ongoing projects & provide possession within the stipulated time frame.
The unfolding of RERA & its implantation in 2017 is further making developers expedite their construction process. The developers needs to restructure themselves to regain the momentum of construction to complete the ongoing projects well in time as per current targets. Since the habitation grownup high so the authorities are focused to improve water supply, electricity, roads, drainage, flyovers & underpasses. The KMP and Dwarka express way are in progress and good jump can be expected on completion of both the projects.
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