Vikas Rikhye, Real Estate Blogger

By virtue of making high investments in India, it ha become imperative on the part of NRI investors to guard their property against all odds and also to remain updated with trend of the market/area they have invested in. The real estate updates can really help their decision making in terms Exit, Leasing or reinvestment.

Besides, the marketing trends, the NRIs should be constantly aware of changing law/rules in terms of taxation/repatriation of funds as well forthcoming government policies.

With some of the reasons as stated above it generates the need of an professional & authentic opinion from either qualified experienced individuals or may be small, but professional Property Management company with following desired features:

• Preferably qualified team of professionals, experts in their respective fields lake Real estate, Taxation, Legal affairs , having an ability to deliver desired results in a time bound schedule.
• Such a team could be outsourced, that conforms to trust & credibility level by virtue of the experience & updated knowledge.
• Transparency in working, maintaining the privacy/ secrecy of the client & fulfillment of commitment remain the basic fundamental criteria.

It has been observed that in recent past, taking the advantage of aforesaid need, quite a few companies have immerged in India as “Property Management Services for NRIs” making a tall claim of service providers for NRIs countrywide. It has also been observed that some of such companies are inviting NRIs on the basis of annual membership. Without having any doubt about the integrity of such companies it is advisable that before being carried away by impulsive derision one should cross check the infrastructure, ability & capability of such companies.

Moreover , while choosing a right kind of service provider, the focus should be made on local service provider ,where the property is located, as by doing this one is not only reducing the rick of any ambiguity, but also increase the chances of more effective results because of locally available resources of the Service provider.

Vikas Rikhye, Real Estate Blogger

Property Management in India, has acquired the status of highly professional field. In the beginning , the scope was limited to Big Buildings or large institutions , but over a span of time it has gained momentum to an extent that individuals are looking for specialized professional agencies who could take up the total responsibility of property management.

Moreover the “Property Management Services” are much needed in the townships like Gurgaon , that has witnessed unexpected overall progress and the where most of the property owners are either busy executives from corporate world, or the owners are NRIs

Besides the rapid change in lifestyle & paucity of time the following factors add on to the need of Property Management Services:

• Sourcing of right person/ services to accomplish different tasks
• Reliability factor of task to be accomplished in a time bound schedule
• Assurance to perfect execution of task
• Renting / leasing
• Real estate trend awareness
• Real estate counseling on matters like Finance, Taxation & Legal issues

On the internet as we see numerous sites claiming NRI Services, but , most effective would be those which are “locally based”, with professional background, having ability & resources to deliver the results in a time bound schedule of commitment.

Vikas Rikhye, Ph. No. 9811081078

A project for those who live in luxury & continue to live in exclusive luxury….

The Hibiscus a Prestigious residential project of Gurgaon , meticulously designed for the elite of society, is ideally located on “Hibiscus Avenue” in Mayfield Gardens, Gurgaon.

It is a blend of Luxury Apartments, Pool Houses & Exclusive villas where the Lifestyle is beyond the words of luxurious living.

The author had an exclusive interview with Vice President., Mr.Neeraj Bhalla ,who was confident of delivering this “Life Style Living” in next twelve months. Mr. Bhalla added that “We don’t only sell the property, we also offer likeminded neighborhood”.It is understood that most of the Sales have been conducted by invitation. The coterie of clients include corporate heads of Multinational companies & celebrities who have been inviting their friends & relations to be a part of “Hibiscus environs”

While Hibiscus was on success ladder, the dedicated marketing support of Real estate Aces like Mr.Ajit Sareen & Mr.Sndeep Chadda added “feather in the cap” of its success.

An area of 14 Acres of land which could take over 500 apartments was redesigned for exclusive life style of about 260 selects.

It was astonishing to know from Mr.Bhalla ,that the quality control & day to day progress of the project, is personally supervised at the site by The CMD & Executive Director, religiously every morning at sharp 9.30 AM.

Although more than 80% units are already opted ,however, a few apartments, A number of Penthouses , Villas are available for “Life style Admirers” to be the Jewels in “Hibiscus Crown”

Concluding , the author is reminded of a saying by a celebrity “Successful people do not do different things but they do it differently”

Vikas Rikhye, Ph No 9811081078

The Hibiscus a prestigious residential project in Gurgaon in the vicinity of Nirvana Country adjacent to forthcoming Hotel Hilton & in a very close proximity to Medicity, Artemis hospital, Amity International School and many other prominent buildings in the neighborhood.

The Hibiscus location advantage adds to its connectivity features as it is accessible to NH-8,MG Road,`Sohna Road within a radius of 3 km.

Promoted by SS Group “The Hibiscus” is designed meticulously to give the eco-friendly lifestyle. It offers a choice of 3-4 Bedroom Apartments, Penthouses & Independent Villas. With the contemporary & modern suitable effects “The Hibiscus” has become most sought after destination of residence for the corporate world.

Mr. Vikas Rikhye, Ph No: 9811081078

While India is undergoing a massive progress in infrastructure development, resulting into overall progress in surface network of Roads & Expressways ,through out the country. KMP Expressway (”Kundli-Manesar-Palwal Expressway”) is one of the prestigious project in Haryana, connecting Kundli, Manesar & Palwal,the, 135.6 km long . KMP Expressway is likely become operational by 2012.

It is understood that s 135.6 km long stretch is divided into three parts of 45 km each. having three major camps at Kundli, Manesar and Palwal & will be supported by three ancillary camps planned at Jassoure Kheri, Badli and Taoru.and expressway will cross national highways, NH-1 near Kundli, NH-10 at Bahadurgarh, NH-8 near Manear and NH-2 at Palwal having a planning of four flyover at places where the expressway will cross national highways.

It would have About 16 overpasses and underpasses at crossings on state highways and major district roads. It is also planned to have more than 32 agricultural vehicular underpasses, over 30 of cattle crossings including 60-61 pedestrian crossings passages.

A very careful planning has been done by the way of under & over passes to maintain the connectivity of villages on both sides of the Expressway. The location of on route railway over bridges, drainage works etc. have been meticulously planned.

According to sources, it is understood that over 2 Kilometer belt on either side would be treated as controlled area, while at the same time the local land owners having 50 Acres of land in the amenity zone of KMP may be permitted {within the frame work rules} to take up the projects like Amusement Parks, Golf courses & logistic parks.

It is also understood` from reliable sources that in coming year, there is a planning to develop commercial Theme townships along this 135 km stretch. These theme townships like Fashion City, Cyber city, Medicity etc .would be supported by well planned residential areas matching International standards. Besides the visible planning , there seem to be lot more of progressive plans in process of planning.

The progressive project of “Kundli-Manesar-Palwal Expressway” would not only, improve the traffic conditions in Delhi and Gurgaon as it will decongest the vehicular traffic of Trucks, Buses & other long distance vehicles but it would reduce the distance of various destinations in Northern India, it being a “important connectivity link between” them.

It is obvious fact that with this progressive growth would boost the confidence of investors, as the “Investor lobby” has already activated its sourcing activities for spotting strategic sites for Hotels ,Motels ,Warehouses,Golf Coerces & other recreational and commercial projects, in the vicinity of KMP Expressway(Kundli-Manesar-Palwal Expressway).

Seeing the future requirements in warehousing sector, ambitious & foresighted entrepreneurs /organizations have started building approved warehouse buildings, in close proximity to expressway network.

The potential tenants for such warehouses are being noticed looking for appropriate storage space, with specific requirements matching the product handled, as there are numerous products demanding different storage conditions.

However, it shall be a matter of concern that prospective tenants should be extra careful in selecting a warehouse as;

• Title of the owner
• Land use {warehouse}
• All Approval/ Permissions
• Abiding by all set norms by the Government

It is strongly suggested that prospective tenants , should take legal opinion, before renting the warehouse premises.

It is further understood that Building plan approval committee grants the permission as defined per rules after the permission for change of land use granted by Director,Town and country planning Haryana

The structural design of the building has to be carried out in accordance with the provisions of NBC and relevant IS Codes, under the supervision of Certified & recognized Structural engineer { All the laid out and prescribed conditions have to be strictly followed, as contained in the Approval document}

The approval letter/ document contains in-depth details and guidelines pertaining to :

• Structure
• Electrical
• Fire Safety
• Water Supply
• Sewerage
• Internal Roads
• Rain Water Harvesting

While construction at site, not only { All the laid out and prescribed conditions have to be strictly followed, as contained in the Approval document} but all the rules, regulation, restriction as laid by local administrative authorities has also to be followed.

It is also understood that after completion of the building the prescribed documents would be submitted to all the competent authorities who would initiate the procedure as per set rules towards, Completion / Occupation certificate

We must understand that Government Authorities have laid out Policies for public interest & planned growth and the same should be followed by every citizen with a mark of respect.

The concept has to make a special focus on inventory management and warehouse management. Besides company’s own planned efforts many of the logistic companies are extending support for required redistribution systems.

To manage & maintain effective inventory & redistribution ,there is an increasing demand of Well planed warehouses all over.

With aforesaid reasons New township of Gurgaon has shown a remarkable growth, besides its own importance ,Gurgaon is recognized for its strategic location on NH-8.

The meticulous planning of KMP Expressway has added strength to its location.

In the recent past a planned growth has been observed for warehouses in Gurgaon as
the author had done an extensive survey & would like to share with the viewers and visitors as following:
Warehouse Space in Gurgaon on prime locations. have some of the following salient features:

• Duly Licensed approved and sanctioned by Government
• Constructed with modern amenities matching International Standards
• Abiding Warehouse management concepts & Norms
• Area: ranging from 60000-250000 sq.ft
• Locations : NH-8 , Pataudi Road, Farukhnagar , Gari Harsuru, KMP expressway.

After being reasonably priced in rentals the sites meet the requirements of Logistic companies as well as large chain stores on close proximity to -KMP expressway.

Mr Rikhye, Gurgaon Real Estate Blogger

Besides Fast growing demand of Commercial office space in Gurgaon , there is a surprising phenomena that the rental / leasing rates are showing a downward trend.

After having done the in-depth study it is understood that during the peak period of real estate in Gurgaon , the builders & developers took the advantage of market pulse and rushed out with various commercial projects , which ,at that booming period got the unconditional support of the investors where the brokers worked as catalyst

As on April 2010 the commercial buildings in Gurgaon on prime locations of the city are giving a deserted look and a prospective Lessee / Tenant has ample of scope of negotiation on the quoted price.

It is felt by the real estate expert that if the trend of unplanned growth continues ,then lot of commercial properties would meet the same fate as a consequence , as presently many Buildings on Sohna Road, M.G.Road.& Golf course Road are giving a “Vacant Look”.

www.commercialpropertiesingurgaon.com

Vikas Rikhye, Gurgaon Real Estate Consultant

Real estate Investment: Present Real estate Scenario

                                                                                      Message

From the Author’s Desk

First of all I would like to thank all the visitors / viewers to the site www.vikasrikhye.com

Besides the fact that the site www.vikasrikhye.com is getting increasingly popular ,it also is observed that this site has gained the patronage, from the NRIs & Corporate world.

Having received numerous phone calls & emails from the viewers/visitors to the site has no only encouraged me to share my knowledge with community but it has given me satisfaction of being a useful member of society.

In this message I would also like to give a brief introduction about myself:

” I Vikas Rikhye have been in the field of marketing and sales for over 30 years .I have been associated with Real Estate Sector for about 15 years, maintaining the professional norms of ethics & transparency in my commitments and service.

Being a dedicated Rotarian, as a member of Rotary International, I served President of the Rotary club of Gurgaon South City {1999-2000}.

Keeping in mind RI {Rotary International} slogan “Service above self“, I decided to write articles on Real Estate, to share my knowledge in this field, as well as, to initiate a drive to create awareness in a field, where most of us invest our life time earnings.”

In this message I invite real estate experts & real estate journalists to join hands with me, as “Guest author” to give their experiences and views in the form of their Article which can be shared by other members of community as a guidance.

I also request the visitors & viewers to send us their view / experience and observation of the present real estate scenario of Gurgaon ,that can be shared by others as well ,to eradicate the evils of real estate for a better future.