Vatika One On One, NH 8, Gurgaon

• The biggest commercial project by Vatika spread over 13.08 acres of land area.

• Strategically located on the Main NH8 at Sector-16 in the heart of Gurgaon.
• Only 3 minutes drive from IFFCO Chowk.
• Close to most of the major hotels in Gurgaon : The Westin , The Trident, The Oberoi, The Galaxy and The Crown Plaza.
• The complex shall have the distinction of housing the tallest commercial building of Gurgaon;
• The Iconic Tower  will be G+25 with floor plates of approximately 20000 sq.ft.
• The complex shall have 5 Mid- rise blocks – These are G+6 with floor plates ranging varying from 23000sq.ft.  to 26000 sq.ft.
• The landmark tower at 103 meters height shall have the first sky lounge of Gurgaon on the top floor, offering  unparalleled views of the majestic city.
• Dedicated areas for amenities such as Gym’s, Clubs, banks, Subway, Pizza Point, Specialty Cuisine restaurants  ( Indian, Chinese and Italian), 24/ 7 grocery store, Book Shops  etc within the complex.
• Advanced security and access control systems  for every office block.
• Floor Pates allowing efficient planning- Optimised Grid sizes,  Efficient Service Cores.
• The complex shall have adequate parking for 2500 cars spread over three basement levels

Visit: http://www.abcbuildcon.in/projects/vatika-one-on-one/

M3M CosmoPlus, Sec 66, Gurgaon

M3M Cosmo+ is conceptualized to provide a unique health experience, never been seen before in India, a one stop destination for health issues, where doctors, path labs and pharmacies make sure that you may not have to go around town for different purposes. It will be an ideal place for doctors with efficient infrastructure as per their requirements and also for the patients as they will have all the baisc medical facilities under one roof.


Features of the Project 

• Exclusive use units for Medical Practitioners.
• Space for diagnostics lab and pharmacy.
• Reception and appoitnment desk at the ground level.
• Fully Finished Suites, with 2 design options. Finished with flooring, False ceiling, cabins, wash basin, waiting lounge, and powder room.
• Dedicated service elevator.
• Public toilets on each floor.
• Modern and well designed lobby.
• Visitor parking for customers.
• Air Conditioned with ducted split units.
• Separate electricity metering for each unit.
• Part of a mixed use project - that includes high street retail, office suites and medical suites;

Location Advantage

• Project located in the centre of high density and upmarket catchment area Sector 66.
• Convenient and rapid access to NH-8, MG Road and Gurgaon-Faridabad Highway.
• Surrounded by already populated and upmarket areas like sectors 47, 49, 50, 56, and 57 and upcoming affluent sectors 65, 66, 67, 68 with projected population of about 5 lacs by 2017.

For more info Visit: http://www.abcbuildcon.in/projects/m3m-cosmo-plus

Unitech The One, Gurgaon

Presenting the Unitech The One , exclusive Living Expereince  - Opulent Residencial High Rise. The one is located just off Sohna Road on Southern Periphery Road, Gurgaon. It offers 4 BHK apartments measuring 4400 Sq. Ft. area.


Features of the Project:

• 6 Towers 
• 28 Floors per Tower
• 2 Apartments Per Floor
• Spacious Pent houses

For more info Visit: http://www.abcbuildcon.in/projects/unitech-the-one/

Serviced apartments scale new heights

Serviced apartments are fast becoming a hot real estate avenue, with as much as a 12-19 per cent annual yield on investments, against 10-12 per cent returns in the commercial segment.

Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians (NRIs), expatriates and now, even domestic investors. To investors, this segment offers both capital value appreciation, as well as rental returns.

Hotel Leela, Grand Hyatt and Marriott International are among the major hospitality chains with serviced apartments. Ascott, one of the largest serviced residence owner-operator, has a tie-up with Ireo to offer such apartments in Gurgaon.

Now, the venture is expanding into other regions, too.

Many Gurgaon-based firms offer serviced apartments of various developers, including DLF and Unitech, to companies and tourists.

Ashutosh Limaye, head (research and real estate intelligence service), Jones Lang LaSalle India, says, “Of late, domestic investors, along with NRIs, are more keen to invest in serviced apartments, as the realty segment-— residential and commercial — isn’t offering very good returns. It is possible the returns in the serviced apartments space are as high as 12-19 per cent.”

He added the capital appreciation in the residential segment was five-seven per cent and less than five per cent in the commercial space.

The residential segment offers 2.5-2.75 per cent yields to investors, while the commercial space offers about 12 per cent.

Serviced apartments are fully furnished studio or one-, two- or three-BHK (bedroom, hall and kitchen) apartments, with the kitchen managed by the service operator. The construction cost for such apartments is much higher than that for other residential apartments; typically, it is on a par with a five-star hotel, in terms of amenities such as meeting rooms, housekeeping, swimming pools and gyms.

Many multinational firms have serviced apartments as guest houses. Samir Jasuja, founder and chief executive, PropEquity, agrees serviced apartments are among the most promising options for investors. “The capital price appreciation and the rental yield offered by a serviced apartment are typically higher than commercial and residential property. This segment offers ultra-luxury lifestyle, services and great opportunities for investors who look for both regular income and additional upsides. Currently, this segment is receiving a lot of interest from NRIs and HNIs (high net worth individuals,” he says.

Serviced apartments are already a hit in the US, Europe and other developed markets. An executive at a leading real estate developer says these are ideal for an extended stay by tourists, or for employees relocated for assignments.

For more info about Ireo projects in Gurgaon Visit: http://www.abcbuildcon.in/developers/ireo/

Office space absorption to reach 132 million sqft by 2017: Report

Bullish on the revival of theeconomy after general elections, real estateconsultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space, across the eight major metros, to get absorbed by 2017. 

However, the report said the current year (2013) will see a 26 per cent fall in office space absorption to around 22.5 million sqft over the past year due to the ongoing slump in the economy. 

The supply of office space between 2013 and 2017 in the top eight cities-Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, and Pune is expected to be around 143 million sqft. 

Of this 143 million sqft, around 90 million sqft are currently under various stages construction and is expected to get completed by 2015, the report said. 

"The office market is expected to remain attractive for occupiers with steady increase in absorption after a trend of decline in 2013.

"With the economy expecting more stability in the post-election phase from 2015, the absorption trend is also expected to pick pace especially in established markets of Bangalore, Mumbai and Delhi-NCR," Cushman & Wakefield executive managing director forSouth Asia Sanjay Dutt said. 

The report said the absorption of office space will decline in 2013 over 2012, mainly due to the current economic slowdown, which has made many companies defer their leasing requirements. 

According to the report, office space absorption in top eight cities including is expected to be over 22.5 million sqft in 2013, a decline of around 26 per cent over 2012. 

However, going forward the trend in absorption is expected to pick up at a steady pace with 2015 with an estimated absorption of 28 million sqft. 

Dutt said that the commercial office sector has seen substantial deferment of supply in the recent times due to slack in demand and delays in regulatory clearances. 

"Similar trend is expected to continue in the next few years owing to issues such as demand from occupiers as well as funding issues that developers have been facing," he added. 

However, growth is expected to set in from the second half of 2014 when an increase in leasing activities both on account of entry of new companies into the country, expansion of existing companies and indeed relocation and consolidation activities that are expected to continue, Dutt said.

Read more: Economic Times

Government approaches World Bank for infrastructure funding facility

India has approached the World Bank to set up a global infrastructure facility (GIF) to help finance about $1 trillion of investments needed for projects in the sector.

"India has asked the World Bank to set up a GIF which will provide loans to infra projects. The World Bank is working on it as they feel the development of the sector is important," a senior government official said.

The GIF would be set up with contributions from India, the World Bank, sovereign wealth funds and pensionfunds.

"The facility would benefit the SWFs and PFs as they would get higher returns by investing through GIF as compared to direct investment into projects," the official added.

The move will also help to bridge the current account gap, which soared to an all-time high of 4.8 per cent ofGDP in fiscal 2012-13, putting pressure on the local currency.

The government has been making efforts to develop infrastructure such as roads, railways and ports. The investment needed in the sector in the five-year period ending March 2017 is estimated at $1 trillion, about half of which is expected to come from the private sector.

In order to promote long-term and low-cost funding for the sector, the government has allowed Infrastructure Debt Funds (IDF) as a new category of financial intermediaries to refinance loans.

Read more: Economic Times