National Capital Region is seeing a flurry of development activities which will throw up new locations where residential units will come up at a feverish pace throughout the decade of 2010-19, says Prabhakar Sinha
The decade 2000-09 saw development of areas like Dwarka in Delhi; Sectors 49, 50, 51, 52, 53, 64, 65 and 93A in Noida; Indirapuram, Vaishali and Vasundhara in Ghaziabad; Golf Course Road and Sohna Road in Gurgaon. Similarly, a number of new locations will come up as new hubs of realty action in the decade of 2010-19. Besides this, a number of areas, which have already emerged in the last decade as alternate residential destinations would mature and become hot destination in this decade. Some of these locations are Narela in Delhi, Sector 93 in Noida, Crossings Republik and Raj Nagar Extension in Ghaziabad, Greater Noida, Golf Course Extension and Sohna Road in Gurgaon and Neharpar in Faridabad. DELHIThe biggest push in the availability of residential units in NCR will come from Delhi itself. So far, Delhi did not see high quality construction of residential units by private developers as Delhi Development Authority (DDA) was the sole developer in the region. But, as new Master Plan 2021 allows private developers to construct apartments in Delhi, the place will witness new developments where apartments will have modern facilities and amenities like swimming pools, gyms, lifts, marketing complexes and security systems. According to Samir Jasuja, founder and CEO of Prop Equity Research, the new Master Plan will release a total of 9,230 hectare of land for residential development. This is almost 13% of present land size of 70,162 hectare in Delhi. Jasuja says that this would be enough to build 7.80 lakh residential units in the national capital territory. Jasuja says the biggest land bank that will be released in the new decade under a new master plan will be in Najafgarh in Southwest Delhi and Brijwasan and Chattarpur in South Delhi. According to one estimate, while in Brijwasan and Chattarpur4,547 hectare of land will be released, 765 hectare of land will come into the mainstream in Najafgarh. Another big land parcel of 4,389 hectare of land will come in Narela. A global realty firm, Cushman and Wakefield (C&W), says that Narela is the third mega-subcity project of DDA in the urban extension and will follow the story witnessed in Dwarka and Rohini. The area will also accommodate integrated freight complex (IFC), including the wholesale trade centre, district centre, metropolitan transport centre and an ISBT. Gurgaon will also have a number of new locations that will come up in the new decade. Sectors 102-113: According to C&W, Sectors 102-113 will be the new centre of development. The upcoming northern peripheral road will provide access to Delhi, as will the Metro line. Proximity to existing airport and Reliances SEZ is expected to transform the location. Golf Course Extension: The sector roads are expected to be built soon and a possible extension of Metro line as per the master plan will further enhance connectivity of this location. Being strategically located between Sohna Road and Golf Course Road, the potential for growth is immense in the medium term. NOIDA Expressway (Sectors 93, 128, 134, 151, 119, 120 and 137): These sectors are currently witnessing a slew of construction activities through newly launched projects. The current Metro connectivity, and further expansion of Metro line within Noida and connection to Greater Noida, is expected to make the city more attractive in the new decade. As these projects on the expressway near completion and connectivity strengthens this would become a prime location. Kundli: The western peripheral expressway or Kundli-Manesar-Palwal (KMP) expressway and eastern peripheral express or Kundli-Ghaziabad-Palwal (KGP) expressway will make this town a prominent logistical location. Rajiv Gandhi Education City, National Institute of Food Technology, Entrepreneurship and Management are some of the institutes under various stages of implementation within the city, allowing this to become a future educational hub as well. Greater Noida: It has emerged as an education city with the operation of Gautam Budh University. It has strong physical infrastructure, which will be further strengthened by multiple expressways planned and currently under execution namely, Yamuna, Ganga and eastern peripheral expressways, in and around the city. In addition to these there is also the possible extension of a Metro line to Greater Noida that will enhance connectivity. In addition, significant social infrastructure is expected to come up here over the next few years like a night safari resort and Formula 1 race track. There is also a possibility of the second airport being located in the vicinity, which will provide further fillip to the city. Neharpar: With enhanced connectivity to Delhi, along with FNG expressway to Noida, Greater Noida and South Delhi, this area with a low capital value will emerge as a good residential hub for middle-class people. There is a proposed bypass that will run parallel to the canal going up to Ballabhgarh, which will ensure smooth traffic flow. Raj Nagar Extension: Currently, sector roads are being built here, along with a link road connecting NH-58; additionally, the Hindon expressway connecting to Dehradun, is expected to further ease congestion and increase connectivity to neighboring cities. The Metro connectivity to Ghaziabad will also enhance connectivity from this area. This area has one of the lowest capital values in NCR region. Crossings Republik: With the construction of a bridge over Hindon river near Noidas Sector 75, access to this new township built over nearly 400 acre of land will improve substantially. In the new decade, this is also likely to emerge as a hot spot in NCR.
Emerging destinations
Feb 8, 2010
