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Author: Ashish Mahajan
Ashish was an institutional investor in real estate sector for over six years. He worked with domestic and international real estate funds and has closely monitored the growth of the sector. He is an engineering graduate from IIT Bombay and MBA from ISB Hyderabad. He also cleared the CFA Examination by CFA Institute in straight attempts. His knowledge and grasp of Indian asset markets is inspired by practicality than just theory. Over the years he has made efforts to disperse financial know how to general public of the country.
He founded PropStory as the first platform in India which is facilitating an industry connect with the consumer in an effective and balanced manner. PropStory aims to be largest data bank available to real estate buyers and users in India.
Sticking to our earlier theme that not everything is bad in real estate.
We believe large townships, over 100 acres, will help address the various needs of consumers and developers alike. The pre 2008 frenzy to acquire large tracts of lands fizzled out after the Lehman crisis because of capital constraints. It hurt the development plans of several such townships which were planned as there was little capital to execute such massive projects.Continue reading “The Benefits Of Living In Townships”
Conceived in the year 2007 as part of the revised Masterplan of Gurgaon the 8-lane highway is supposed to be an alternate route to reach Delhi bypassing Gurgaon. The project was to be completed before 2010 Commonwealth Games however it remains in limbo. Disputes around land acquisition pushed back the construction of Dwarka Expressway which remains complete now in patches. We have seen recent improvements in connectivity, however no 2-3 km patch is without another diversion you encounter on this road.
It is estimated that over 40,000 residential units are under construction along this road. The region was being marketed as an affordable option to the now costlier areas such as Golf Course Road and Sohna Road. More than the residential units the area is supposed to come up as a business and retail hub probably self sufficient in all regards.
The prices were being benchmarked to Gurgaon areas in areas along the NH8 and to Dwarka in Delhi along the IGI T3 Airport. Our primary research tells us that plight of many projects in this region isnt great, even if a project is handed over it can’t be inhabited. Infrastructure activities such as water, sewage etc. are still coming up. The road development which commenced in 2011 is still underway.
The real estate prices which rose sharply between 2009-13 have now stagnated. Newer launches are happening at lower prices or through finance schemes.
With road development now picking up may be the infrastructure work will also gain pace. However, current supply in the market exceeds the demand and prices may not be in a hurry to rise in near future.
The fate of Dwarka Expressway project and eventual hype around it is just an example of project delays that seem to have become norm across India. However, good infrastructure is a necessity.
The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, floor area, location data has been sourced from multiple sources on best effort. Nothing contained herein shall be deemed to constitute legal advice, solicitations, marketing, offer for sale, invitation to acquire by the developer/builder or any other entity. You are hereby advised to visit the relevant RERA website before taking any decision based on the contents displayed on the website.
My wife and I were new to Bangalore and were looking for suggestions while planning to buy a home. A little Google search led us to this little known site called PropStory. They provide comprehensive reviews of under-construction projects which are based on actual site visits. The details are better than those we see in newspaper ads or even FB ads of these projects. After a little research on this site we narrowed down our search to a leading developer’s project in HSR Layout
Arjun Yadav, Bangalore
There are many websites one can refer to when deciding on real estate purchase. Of these I have only come across PropStory which provides the information in a narrative style. There are details about layout, specifications, local neighbourhood, connectivity and even developer background. I also like that they write about other matters like infrastructure, issues in real estate and hot topics like GST and RERA. Kudos to PropStory.
Revati Kunder, Mumbai
I recently visited a leading developer’s construction site and was disappointed by the lack of sufficient information the sales people gave me. My husband and I almost gave up on the project. But we like some of the specifications and decided to look for more online. That when we found PropStory and they had covered this project! We so pleased to find more info and were able to make our housebuying decision. Thanks PropStory.
Divya Matthews, Pune
When I was suggested to check out PropStory, I was not sure I would be interested. I don’t like reading and real estate is boring subject. But this site gives enough details through images also so that it is easy for those who don’t like reading. My opinion of real estate changed and I look forward to knowing more about upcoming residential projects in other cities too
Dhruv Pathak, Gurgaon
PropStory I like your writing style. It is simple and understandable. You do not support any developer or project but have a general opinion about the projects. I also like your new site design where I can quickly scan through features of a project and what is available or not.
Devesh Kapur, Noida
PropStory articles are good. I suggested to my brother in law to read these articles before deciding on a property. He was impressed with the details and knowledge of writer. Some construction technology used is also explained which helps us common man to understand. Other websites are not doing so. Well done PropStory!
Amit Patil, Thane
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