Real Estate Gurgaon

Many would consider "Earthquake Resistant" and "Earthquake Proof" to mean the same, however there exists a vast difference as for the level of protection offered.Immediate occupancy after a major earthquake is the criteria for building design which is being demanded today and this implies minimum or insignificant structural damage to the building.Architects and Structural Engineers presently follow the Indian Seismic Code, IS-1893 (2002) to design "Earthquake Resistant" buildings. This design philosophy is based on the life-safety concept which implies that the structural designer endeavors to prevent a "Total Building Collapse" in an event of a major earthquake thereby saving lives.

By using Earthquake Dampers the building codes can be bettered so as to achieve No or Insignificant damage even during a major earthquake i.e. Earthquake Proof design.Buildings using Earthquake Dampers can have a performance enhancement of upto 400% higher than conventional structures under seismic conditions, in other words the building becomes 400% stronger or will perform 400% better when an earthquake strikes.

Earthquake dampers come with a 35 years performance warranty. The associated cost is approx Rs.250 to Rs.350 per square foot. With the property market booming in India and the economy growing at a phenominal pace it is felt that the Earthquake Proof Technology will soon make inroads into the Country.

Source:http://www.indiaprwire.com/

Reliance Industries Ltd (RIL), which signed an agreement with the Haryana government to set up India’s largest special economic zone (SEZ) in Gurgaon near Delhi, is aiming to create an ultra-modern city for technology and non-polluting industries that will be just under a quarter of Mumbai’s geographical size.

The project, which will involve Rs 25,000 crore of direct investment by Reliance Haryana SEZ Pvt Ltd, is modelled on the enormously successful Shenzhen SEZ in China. While Shenzhen is housed over 32,700 hectares, the Reliance SEZ will use 10,000 hectares (100 sq km). When completed over 5-10 years, it could catalyse investments in the region of Rs 1,00,000 crore.

About 5% of the 10,000 hectare project area is being earmarked for leisure and recreation. "A possible tie-up with Disney, Time Warner or Universal could be undertaken," said Ambani. A golf course built to standards prescribed by the Professional Golfers’ Association will also be set up in this special zone.

HSIIDC expects to complete the land acquisition in three years and development activities would be completed in another two years.HSIIDC will get Rs 360 crore in the form of total land acquisition costs upfront, 9% interest capitalised as holding cost, and administrative cost at the rate of 15% of the cost of the acquired land. In addition, it would get sweat equity, without any investment, at 10% of the equity.

Source:http://www.dnaindia.com/

Will the stock-market slump affect the real estate market?
Experts across Mumbai, Bangalore, Chennai, Hyderabad, and Delhi feel the downturn in the bourses may affect short-term sentiment in the realty market but will not lead to a fall in property prices, as the fundamentals of the real estate market are strong.
Property sector in Gurgaon and NOIDA remain buoyant due to continued demand from IT/ITES players. “This year, we may not see the 20-30 per cent rise in prices as in the last couple of years, but prices will still move north,” said a report prepared by Cushman and Wakefield.

Source:http://www.dnaindia.com/