Tag: Gurugram.

Realestate
Business World

Acceptance for Gurugram has increased, and it is now a complete real estate hub: Realtors

Sep 11, 2020 by Gouri Achary 0 Comments #Dwarka-Gurugram Link Expressway, #Gurugram., #Pradeep Aggarwal, #real estate hub

During the early 2000s, Gurugram burst on to the real estate scene with the offerings targeted mostly at DINK couples or people working in MNCs. The price tag of the properties even at the time was as the prices of many of the properties even today in Delhi NCR. It enjoyed, rather marketed well, its proximity to the international airport. However, over the year the city has turned out to be a complete real estate market with offerings for all segments of people. Now, it has affordable housing hubs, areas where properties for the middle class are available, and the high-end class.

Talking about the journey of Gurugram real estate, Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, National Council on Affordable Housing, ASSOCHAM, says, “It used to be the place for people with aspirations and movement of MNCs made it the sought-after place especially by the people working in these organizations and people who would love to live around an area that can give them good employment opportunity. Gradually, realtors also realized that the market is not only for one segment but for real estate to grow they have a focus on all segments.”

In the mid-2000s, the two places that were in the limelight as far as Gurugram real estate goes were the Golf Course Road and the MG Road. While Golf Course Road offered a good mix of residential and commercial, MG Road was popular for malls and its connectivity to the NH-8. Then in the late 2000s, developers started focusing more on Golf Course Road and Northern Peripheral Road (NPR) mainly because of the saturation setting in along these locations. The impact was the rise in prices as from Rs 3,000 per sq.ft. in 2008 they went beyond Rs 6,000 per sq ft in a short time. The confidence in these areas was such that developers were selling projects at higher prices and no good project priced less than Rs 6,000-7,000 per sq ft towards the end of 2012. Projects launched in these areas got a good response, which is shown in the way they used to be sold within the days of being launched.

In 2008-2009, all the attention was around Dwarka-Gurugram Link Expressway (Northern Peripheral Road, NPR). Buzz reached a crescendo when work was allotted on the stretch and progress was witnessed. Just like the 1990s saw the focus on providing access to the Maruti Udyog factory (the “old highway”) to the current NH8, the same exuberance was around the NPR. Interest developed around the area because it will provide good connectivity — faster access to the airport and Delhi. The road starts from Dwarka crosses Bijwasan, New Palam Vihar, Kherki Daula, and finally meets at NH8. Sectors that are still reaping rich dividends are sector 99-113 and sector 83 and 84. Other residential sectors that are little far away from the expressway but benefited from it are 81-86, 89-93 and 95.

“The development of the Dwarka Expressway proved to be a boom for the real estate sector facilitating the overall development of the Gurugram region in the long run. Road connectivity is of paramount importance along with other infrastructure advancements in the region. Therefore, the development of the stretch will not only reduce the travel time between New Delhi and Haryana but will also open up world-class avenues for planned commercial and urban development in the region,” says Nayan Raheja of Raheja Developers. “This is the lifeline for the people who are living in Dwarka and working in Gurugram. Dwarka expressway is developing as a hub for commercial and entertainment activities and is amongst the most preferred locations to stay in the NCR region with its proximity to Gurugram and link to Delhi-Noida,” he adds.

Buyers, as well as developers, were jostling to get a fair share of the pie in this area. “This area got a boost by the expressway. The biggest risk for any buyer in this area was a potential delay in the construction of the NPR. It got delayed but now things are on the right path. The appreciation of the property prices is good near this area. At that time the prices were around Rs 3175 but now the prices have reached 6000-7000 mark.”Says Sanjeev Arora, Director, 360 Realtors.

Connectivity to the real estate projects always acts as a pull for the buyers/investors and this has proven true for Gurugram also. “This factor has led to the development of many Sectors in Gurgaon and the latest options available in the Gurugram are the areas around Dwarka-Gurgaon Link Expressway (Northern Peripheral Road, NPR). As in 1990s, NH8 gained popularity, Dwarka-Gurgaon Link Expressway is receiving the same or in fact more attention. As of now Gurugram is in the lead when it comes to meeting the demands of varied customer base, and soon it will take a lead in affordable housing also as many projects are being launched in this segment,” says Rajat Goel, Joint Managing Director, MRG World.

Simultaneously, Sohna Road started picking up the pace and around 2010 it was among the top 5 most searched localities in Delhi NCR. The area has maintained the interest of the people owing to the variety of offerings including commercial, luxury, mid-income, and affordable housing. Now known as South Gurugram, it shows promising improvement on many of the key parameters of the livability index that can help the location come up as an urban centre in a five to seven years horizon, making it a hotspot for future urbanization. It scores well on key criteria including current and future connectivity to other locations, facilities for health and education, the proximity of the location to business growth and development hubs, civic infrastructure, etc.

A total population of 6.4 Lakhs is projected to live in South Gurugram by the year 2031. It is also very favourably linked to various primary employment locations, be it the service sector or the production and manufacturing sites. One of the main parameters is the affordability of housing has currently been valued high as the cost of the majority of residential houses ranges between Rs. 37-58 lakh for 2-BHK and Rs.61-89 lakh for 3-BHK. These projects give the tremendous potential for the housing of all kinds in the Gurugram region.

The signs of the potential of the location may be gauged from the fact that it is covered by the Delhi – Mumbai Freight Corridor, which would ensure that secondary and tertiary industries are established (or already existent). The area’s popularity is also growing as it becomes one of the NCR’s economically responsive real estate destinations as the property prices are as low as half of the Gurugram nucleus’ prevailing prices. “Sohna’s real estate market is led by affordable and mid-segment housing. With massive demand from end-users in the low and mid-income groups and increasing emphasis on affordable housing is also providing further development of this region where more than 40 per cent is under Rs 50 lakh,” adds Aggarwal.

cancer
News

Cancer Patients, Survivors Face New Challenges in the COVID 19 World

Aug 11, 2020 by Gouri Achary 0 Comments #Cancer Patients, #Chairman, #Dr R Ranga Rao, #Dr. Dharminder Nagar, #Gurugram., #Managing Director, #Paras Cancer Centre, #Paras Healthcare., #Paras Hospitals

Delhi NCR, 11 Aug 2020: As the world grapples with the COVID 19 pandemic, cancer patients, as well as cancer survivors, are facing particularly unique challenges, with a higher risk of complications from the viral disease, the need to manage their illness and mental health challenges affecting them disproportionately, say experts at leading healthcare provider Paras Healthcare.

With the disease as well as the treatment compromising the immunity of cancer patients and survivors, they face a heightened risk of a series of infections, COVID 19 being one of them. The evidence clearly suggests a higher rate of mortality from COVID 19 among people with cancer.

“Cancer patients and survivors are already dealing with a lot of difficulties. The COVID 19 crisis has only made it more challenging for them to manage their illness. Cancer patients and survivors are often immuno-compromised because of the disease or its treatment. A very critical element of disease management in them, therefore, is the need to safeguard them from all sorts of infections. People with compromised immune systems are not just at higher risk of contracting infections including COVID-19 but are also prone to severe complications from them. This translates into the need for additional precautions and care. Healthcare providers must adopt a comprehensive approach to the treatment of cancer patients during these times including ensuring the continuation of highest standards of care, unhindered treatment as well as psychological support,” said Dr. Dharminder Nagar, Managing Director, Paras Healthcare.

Cancer patients and their healthcare providers are facing a series of challenges during these times. Patients are worried about how to navigate their daily care, whether it is safe to continue visiting hospitals for chemotherapy or other sessions. They are also concerned about being de-prioritized as care receivers in the ‘new normal’. For patients whose treating hospitals have been converted into COVID 19 centres, there is a sudden crisis of how to continue receiving treatments.

“As cancer care providers, we have also grappled with several questions. For example, the pros and cons of starting or continuing chemotherapy at such a time because chemotherapy suppresses the immune system and makes patients more vulnerable to infections. On the other hand, stopping or delaying treatment puts cancer patients at greater risk of disease progression. Till now we have tried to ensure that no treatments are delayed or stopped. It is also extremely important to completely isolate the wards for cancer patients so that the risk of infection is minimized. At Paras Healthcare, we have been highly considerate of the needs of cancer patients and survivors. We have initiated special measures to ensure that they continue receiving highest standards of care while mitigating the risk of infection during treatment, diagnosis as well as imaging,” said Dr R Ranga Rao, Chairman, Paras Cancer Centre, Paras Hospitals, Gurugram.

An often overlooked aspect of cancer treatment is mental health management. The mental health of cancer patients takes a major hit even in normal circumstances. However, currently with a precarious disease situation, they are finding it extremely difficult to cope with the anxiousness and heightened risk of infection.

“We clearly see a rise in the incidence of anxiety and depression among cancer patients in the current circumstances. Offering psychological support, counselling, and medication support if needed to deal with mental health deterioration is important in these circumstances,” adds Dr. Rao.

Two studies published recently in The Lancet journal indicate a high rate of mortality among COVID-19 patients who also have cancer. In one of the studies, data from more than 900 COVID-19 and cancer patients from the US, Canada, and Spain showed a 13% mortality rate. Another study of 800 UK patients with COVID-19 and cancer found a 28% mortality. The studies also concluded that male patients with other COVID-19 mortality risk factors, such as older age and additional comorbidities, had an increased risk of death. However, cancer treatments such as chemotherapy did not appear to have an effect on mortality in either study.

Another study conducted in the US found that 10.4% of 1018 patients with cancer and COVID-19 had died between March and April. As compared to this, the mortality rate was 5.8% for each 100 confirmed cases.