Super Area of Apartment

DEFINITION OF SUPER AREA


Super Area for the purpose of calculating the sale price in respect of the said flat shall be the sum of flat area of the said flat and its pro-rata share of common areas in the entire said building.

Whereas the Flat Area of the said flat shall mean entire area enclosed by its periphery walls including area under the walls, columns, balconies, cupboards, lofts etc. and half the area of common walls with other premises/flats, which form integral part of the said flat. Common Areas shall mean all such parts/areas in the entire said building which the allottee(s) shall use by sharing with other occupants of the said building including entrance lobby, driver’s/common toilet, lift lobbies, lift shafts, electrical shafts, fire shafts, plumbing shafts and service ledges on all floors, common corridors and passages, staircase, mumties, service areas including but not limited to lift machine room, maintenance offices/stores, overhead tanks/underground tanks, pump rooms, boundary wall, guard room, garbage dumps, etc, architectural features, if provided, and security/fire control rooms.
In case of flats provided with exclusive open terraces the calculation of super area shall be dealt with separately. Flat Allottee(s), however, shall not be permitted to cover such terraces and shall use the same as open terrace only and in on other manner whatever.
It is specifically made clear that the computation of Super Area of the flat does not include the following:
a) Sites for shops and shop(s).
b) Sites/Building/Area of Community Facilities Amenities like Nursery/Primary/Higher Secondary School, Club/Community Centres, Dispensary, Crèche, Religious Buildings, Health Centres, Police Posts, Electrical Sub-Stations, Dwelling Units for economically weaker Sections/ Personnel.
c) Roof/top terrace above flats.
d) Car parking area
i. Exclusive right to use covered parking area of the Flat Allottee(s), at basement level.
ii. Open reserved car parking area.

It is clear that the Super Area mentioned in the Builder-Buyer Agreement (any) is tentative and for the purpose of computing sale price in respect of said flat only and the inclusion of common area within the said building/tower for the purpose of calculating super area does not give any right, title or interest in common areas by sharing with other occupants/allottee(s) in the said building.

Requirement of affordable housing in Gurgaon.

Affordable/ Budget Home in Gurgaon - A mere dream

I wish to bring some important issues & aspects those are directly or indirectly affecting to introduce Affordable House in Gurgaon: -

1) Housing in India

2) Residential demand in Gurgaon
3) Density for Group Housing Project in Gurgaon Area
4) Interest Rate subsidy on Loan only up to Rs.20 Lac
5) Affordable Housing – Issues
6) Interrelated factors for affordable house in Gurgaon
7) Development & Basic amenities

1) Housing in India 

• 
  
  A basic human necessity
• Second largest employment generator, next to agriculture
• Forward and backward linkages with 250 ancillary industries
• An engine of equitable economic growth – Investments, Savings, Wealth
• Promotes financial stability and economic resilience
• Largest Component of Wealth (asset building, old age security, women empowerment, a sound collateral for various finances)
• Contribution of Housing in GDP is still about 4% despite supportive Fiscal, Monetary & Legal Environment
• Percentage of Mortgage Debt to GDP is 8.50%(E) in 2005-06, still way below China’s (12%), Malaysia(22%), Hong-Kong (40%) and US (65%).

2) Residential Demand

Gurgaon, one of the most vibrant city of North India is in need of affordable housing in the form of affordable apartments. With a population of more than 1,000,000, Gurgaon is one of the main satellite cities of Delhi. The rapid industrial development and advancement in the IT & ITES segment has created a demand of affordable apartments in Gurgaon. There is a strong demand for affordable housing projects, as banks have announced attractive rates for loans from to Rs 5 lakh and up to Rs 20 lakh.

3) Density for Group Housing in Gurgaon

The present density is allowed by the Govt. is 250* for group housing project in Gurgaon. Following the norm, an average of 1700 sq. ft. size apartment can be possible that cost more than Rs.50 Lac. Considering the demand in Gurgaon, it is always out of budget for a common man.

4) Interest Rate Subsidy

In recent times Government & Banks have given a lot of relaxation to the home loan customer by decreasing interest rate on loan up to Rs. 20 Lac., but due to non availability of economical homes in Gurgaon, this seems to be impractical in today’s scenario.

5) Affordable Housing – Issues

a) Limited supply
b) Cost-property, finance
c) Land- Security of Tenure
d) Legal and Regulatory Framework
e) Technology-Little mass innovation in residential housing
f) Finance
g) Registration Charges

6) Affordable housing demand intensified by 3 interrelated factors

a) Growing affordable housing supply shortage
b) Unwavering home value to income ratio
c) Incessant development pattern producing a housing supply mismatch with the housing demands of Gurgaon’s existing and future resident workforce.

7) Development & Basic amenities

Today most of new residential projects are coming away from CBZ and in this scenario, economical / affordable homes are only possible either at very far from developed area or from City area. It would be hard to survive with out basic amenities such as water, electricity, sewage, school, hospitals & transportation. So an intense demand for home is always required in close vicinity of developed area.

The apartments in Gurgaon, be it a rented one or be it the owned ones comes in a varied types of luxury level in accordance with the necessity and demand of the buyers.

Quite ideally therefore to match up with the need of affordable flats and apartments in Gurgaon, Real Estate Developers should take an initiative to offer affordable homes to the needful in Gurgaon.

An economical home,  2 BHK apartment measuring 800 -900 Sq. ft. costing Rs.25 Lac & 3 BHK apartment measuring 1100 -1200 sq. ft. costing Rs.35 Lac max. should be welcomed in this scenario.

Affordable, Budget phrases used here for Economical Homes for middle-class segment.

Manesar - A new Gurgaon

Next Boom Town - Manesar, Delhi NCR


Overview

With better infrastructure & Amenities…………….. A fast growing industrial town in Gurgaon district of the State of Haryana in India, and is a part of the National Capital Region (NCR) of Delhi. Some of the developers have added a new tag to Manesar calling it as ‘New Gurgaon’. More than 100,000 people go to work in Manesar from adjoining places. The Gurgaon-Manesar Master Plan projects the population of 37,00,000 by 2021.

A .Roads

HSIDC is developing wide roads and increasing areas with open space. There is a 12-km long green belt traversing the Manesar-Gurgaon boundary. 60, 45 and 24 metre wide sector roads are coming up in the area for which acquisition work is underway.

B. Power Supply

HSIDC has a dedicated power station of 220 KV and four sub- stations of 66 KV to cater to the needs of both the industrial and residential areas.

C. Education -World class Schools and Universities

Amity Business School, Adamas International School, Army Public School, Starex International School, Chail Military School, Kendriya Vidyalaya

D. Hotels

Heritage Village five-star hotel, Resort Country Club, ITC Golf Resort, Radisson

E. Transport/ Connectivity

Lies on NH-8, proposed Delhi Metro Link, on Kundli Manesar Palwal Expressway & Delhi Mumbai Industrial Corridor. Nearest Railway station is Gurgaon.

The three USPs of area are connectivity to Gurgaon and Delhi through National Highway 8, better rates of projects-affordable/market competitive, and planned development of area.

Manesar, shortfall of 5 lakh residential units in next 3 years – Hindustan Times

Source-HT Estate May 15, 2010

Residential Unit under Development – 62500 Only

Prime Sector – 80, 82, M1D, M1 & M1A

Improved Connectivity & Better Plans

Companies Operating at Present – 

• Honda Motorcycle & Scooters India 
• Denso Haryana 
• Mitsubishi Electricals 
• Maruti Suzuki Metal from Japan 
• Frigo glass India from Norway 
• Baxter India from USA 
• Johnson Matthey India from UK 
• Jamna NHK Napino Auto 
• Bundy India 
• Munjal Showa
• Hero Motors Ltd &
• Samsung Telecommunications

SPIRE EDGE IT PARK MANESAR-India’s First Green Office Complex

KMP Expressway - A global corridor -2

Walk to Work -Theme Parks on KMP

Govt. supported new-theme industrial townships planned along this 135-km stretch, indicates that the corridor will see major residential development in the coming years.

1. The World Trade City on 260 hectare
2. Fashion City on 220 hectare
3. Leather city on 280 hectare
4. Entertainment City on 140 hectare
5. Leisure City on 750 hectare
6. Cyber City on 190 hectare
7. Medi-city on 250 hectare
8. Bio-science City on 550 hectare

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has initiated work on an industrial township at Kharkhoda keeping Manesar as a model icon.

• Apart from these theme parks, Govt. is planning to come up with some specialize Industrial Estates
• Food park at Kundli in Sonipat
• Gems and jewellery park at Udyog Vihar, Gurgaon
• 2 apparel parks, one in Gurgaon and another at Barhi in Sonipat
• Footwear and leather-garments parks at Bahadurgarh.

* All these towns are expected to come up when the KMP becomes functional.

India’s biggest Exhibition Ground

Over 200 acres ground will be located at Pachgaon Chowk, close to the industrial township of Manesar in Gurgaon. The proposed site is adjacent to NH-8 and the KMP Expressway interchange.

The proposed site will have huge Open space for exhibitions along with indoor facilities with hotels and retail, office, wellness and entertainment facilities.

A world class Conference centre will be at place to facilitate more than 4,000 people.

Why KMP Expressway

• Decongest Delhi & Gurgaon of trucks, buses & other long distance vehicles
• More than 7000 trucks, 60,000 cars and 700 buses are expected to bypass Delhi & will use KMP
• Reduce commuting time from Delhi to Kundli, Manesar and Palwal
• Faster access to Airports from Haryana towns
• SEZs planned alongside the KMP would be a platform for large-scale industrial units
• Boost up investor confidence but also provide world-class living experience.
• Specialized economic activities in this corridor, making it growth centric.
• Independent townships and cities, with focus on a specialized economic activity have been envisaged.
• A number of such cluster cities, integrated under one umbrella, will provide the overall spatial form of the global urban corridor.

KMP Expressway

KMP Expressway

A global corridor

  Overview

• 
  
  Kundli-Manesar-Palwal Expressway (KMP Expressway) or Delhi Western Peripheral Expressway is 135.6 km long Expressway being constructed in Haryana, India connecting Kundli, Manesar & Palwal. KMP expressway was planned to become operational by Commonwealth Games 2010 but will be ready by 2012. 
• 
  
  KMP is 135.6 km long Expressway in Haryana, has been divided into three parts of 45 km each. There will be three camps (major) at Kundli, Manesar and Palwal and will be supported by three ancillary camps at Jassoure Kheri, Badli and Taoru.  
• 
  
  This expressway will cross national highways, NH-1 near Kundli, NH-10 at Bahadurgarh, NH-8 near Manear and NH-2 at Palwal with a proposal of four flyover at places where the expressway will cross national highways.
• 
  
  16 Overpasses and underpasses at crossings on state highways and major district roads.
• 
  
  7 overpasses, 9 underpasses and 27 underpasses at crossings on Village roads. 
• 
  
  33 agricultural vehicular underpasses, 31 cattle crossing passages, 61 pedestrian crossing passages. 
• 
  
  4 railway over-bridges, 18 major and minor bridges, cross drainage works (culverts) at 292 locations, and 2 truck parking and 4 bus bays. 
• 
  
  2 kilometer belt on either side treated as controlled area under the provisions of Punjab Scheduled Roads and Controlled Areas Restrictions of Unregulated Development Act 1963 along the expressway. 
• 
  
  Haryana government has encouraged local landowners having 50 acres or more of land in the amenity zone of KMP corridor will be permitted to take up projects like amusement parks, golf courses and Logistic Parks.

Tolling System

KMP Expressway will be fully automated at par with international standards. "Under this tolling system Known as the Closed Loop system, the traveler would be charged only for the distance traveled on the Expressway.

• 
  
  10 entry and exit points through which the tolling would be controlled.
• 
  
  2 main toll plazas and the rest 8 would be the entry and exit points.
• 
  
  Dual mechanism of controlling the revenue, which will work in tandem besides providing well-trained toll collectors through Automatic Vehicle Classifiers (AVC) and Violation Enforcement Systems (VES)........

Warehouse in Gurgaon

The retail chain network like Reliance, Spencer’s, Easy day, Wal-Mart and many more such up coming organizations are showing a rapid progress country wide.

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.