Showing posts with label Gurgaon. Show all posts
Showing posts with label Gurgaon. Show all posts

Saturday, 6 August 2016

Noida or Gurgaon: Let the Better Urban Planning Win





Delhi NCR has always been one of the prime real estate markets in India. The location has its own advantages. Apart from being the hub of all political activities, it is a cluster of major cities which, together house offices of almost all the major companies operating in India. Though NCR is expanded to many miles, it is primarily five cities which comprise the majority of its operations. The cities are Delhi, Noida, Gurgaon, Faridabad and Ghaziabad.

Indeed, together these cities enjoy great strengths, but what about them when compared individually! Out of all these, Gurgaon and Noida are the two important cities which have done fairly well in last one-one and half decades. Though Gurgaon had location advantages since the beginning which helped it emerge as a preferred destination for MNCs, it has started losing its charm due to lack of basic amenities. Noida, on the other hand, has picked up momentum in last few years; many MNCs have shifted their corporate base to Noida and Greater Noida due to well structured urban planning.

Urban planning is one of the very important aspects that decide the course of development of a city. It involves a technical and political process concerned with the development and use of land, protection, and use of the environment, public welfare, and the design of the urban environment, including air, water, and the infrastructure passing into and out of urban areas such as transportation, communications, and distribution networks. Overall, it is the process to design and develop the foundation of a city. The recent incident of water logging in Gurgaon where the entire city came to a standstill for more than 20 hours is the best example of poor Urban Planning.

Generally, it is the responsibility of Department of Town and Country Planning to design and develop these amenities. In Gurgaon, this responsibility, somehow, shifted to developers. Whereas, in Noida the authority develops the road, drainage, sewer and other infrastructures. Once these are done, the land is allotted to the developer.

Noida is far ahead in terms of basic infrastructure a city requires. It can safely be compared with Chandigarh, one of the best-planned cities in India. It only lacked supporting infrastructures like Metro Rail, airport and highways. Fortunately, all these developments are happening in Noida as well. The city has operation Metro Rail connectivity, three highways passing through it and a proposed international airport in Jewar, 72 Kms away from Noida.

With these infrastructures in place and better planned urban amenities, Noida and Greater Noida are giving a tough fight to Gurgaon. Unfortunately, once termed as ‘Millennium City’, Gurgaon is slowly getting buried under its own mess.

Tuesday, 5 July 2016

Integrated Business Parks: The Future of Commercial Realty


Commercial realty in India has defied the much cried ‘slowdown’ and has started showing momentum. Thanks to some of the supportive policy reforms by the union government, investors from across the world have intended to invest in India. Many multinational companies are already present here and are planning to expand their businesses. The boom in eCommerce and approval of 100 per cent FDI has unlocked many more opportunities for the commercial realty to leapfrog the growth. Cities like Noida and Gurgaon in Delhi NCR, Chandigarh, Bengaluru, Hyderabad, GIFT City in Gujarat and Mumbai have become the commercial property hot-spots. This boom has also created a need for business parks which are self-sufficient and offer all the facilities a businessman would require on his trip. It has given the birth to concept of Integrated Business Parks.
 
Integrated Business Parks are amalgamation of small business units together with retail and world class hospitality facilities. Some of the amenities include retail space with global standards, office space, meeting rooms and serviced apartments with global standards for facility management services. The various commercial projects by Hines Group worldwide like CityCenterDC in Washington DC, 609 Main in Texas are the best example of Integrated Business Parks. World Trade Center has also established its name in this category and has created its own members family and support them to expand their operations globally.
 
In India too, such business parks are being developed by renowned developers. They are tying up with global brands for facility management and offer their customers best in class services. As an investor, one should look to invest in such properties for following reasons. 
 
Need of the Hour
With business environments exploring global opportunities, it becomes necessary to follow the global standards as well. Such business parks offer an ease of doing business and make your global guests as comfortable as anything. Employees too, feel proud working in such offices, thereby restrict attrition.
 
Avail facilities without owning
The integrated business parks offer facilities like high-class meeting rooms, conveyance facilities for global guests, serviced apartments and recreational facilities all in one campus. One just needs to book a unit there and avail all these facilities on a marginal rate.
 
The Smart City Concept
Integrated Business Parks are usually run on smart energy with Eco-friendly management system all around. They run on solar energy, have waste management in place, treat their waste water to recycle etc. Therefore, they best suit the concept of smart cities that the government is developing.  
 
Ease of Doing Business Globally
These business parks are maintained and run by global consultancies having properties in other countries as well. They form a global family and offer business facilities to their members in other countries as well on a marginal rate. This makes doing business easy and expands the reach to many countries instantly.