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26 Sept-2 Oct 2014

RNI No. HARENG/2011/39319, Postal Regn. No. GRG/35/2012-2014

Vol. 4 No. 6  Pages 24  ` 10

Time to Get Real

All in a week! The Punjab & Haryana High Court reserves its order on the petition of the head of Haryana Janhit Congress, Kuldeep Bishnoi, who had challenged the State Speaker’s decision on the defection of 5 of his MLAs – who helped (prop up) the Congress. The decision will now ironically come after it has ceased to have any meaning/impact. Much like the ‘bogus votes’ case involving a Gurgaon MLA (who, as an Independent, also helped (prop up) the Congress) – where also, ironically, the order has just been reserved. Yeh der to andher hain (these delays are a denial of justice), My Lords.

{ Abhishek Behl / FG }

write to us at letters@fridaygurgaon



espite massive four page advertisements by realtors, discounts on property and promises of assured rerturns, ostensibly to mark the auspicious Navratras, there is little evidence that buyers and investors have regained confidence in the property market of Delhi-NCR, and particularly Gurgaon. Although there is strong hope among builders that their offerings will be picked up by buyers, it seems that there is little action taking place on the ground. In fact a report by rating agency ICRA alarming states that NCR has an unsold inventory of about 19 million square feet (28% of the total area under development), with the Millennium City itself ‘contributing’ almost 12 million square feet! The key reason is that, along with the continuing slowdown in demand, the supply (from the many under construction projects being completed) has been high. Real estate experts say that some builders may have decided not to sell at lower rates, still hoping for the boom days to return. Sanjay Sharma, MD, Qubrex opines that the real estate sector is unlikely to see a revival in the near future, because there is lack of trust in the market. "The developers have not been able to regain the trust of the buyers, and unless this happens the market in Gurgaon is unlikely to see any revival," says Sharma. He adds that some builders might be able to sell their property by pandering Contd. on p 7 

prakhar PANDEY

Now an Innovation Centre { Barnali Dutta/FG }

write to us at letters@fridaygurgaon


n the epic, Mahabharata, Price Arjuna was Guru Dronacharya’s favourite pupil because of his devotion and the ability to master a skill. The Dronacharya College of Engineering at Gurgaon has discovered two such Arjunas in Himanshu Sharma and Deepak Vashisth. They have done the College proud. Even at this young age their reputation has spread beyond the City. Contd. on p 9 

The low cost housing policy of the State govt., announced with much fanfare, is turning out to be a non-starter in Gurgaon (just like the EWS Housing Policy). This City is only for the builders and ‘high cost’ society.

For Voters: Helplines:

0124 2321808 for Gurgaon assembly area;

0124 2222040 for Badshahpur assembly area

email: To get information on booth location, SMS: VOTEHRY (space) Voter ID number to 9954699899

Friday gurgaon 26 sept 2 oct, 2014 the change you want to see

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