Where Can You Find A Dream Abode In Delhi/NCR?by Anurag Gupta Real Estate Consultant The sky kissing buildings and the thriving lifestyle of Delhi/NCR invites thousands of people every year from distant places. Every year a myriad of people migrate from countrywide for work, education, etc. to the capital. This is what keeps the real estate market of Delhi/NCR booming throughout. After a brief slowdown in the year 2008-2009, the property market in the capital has risen again from its sleep and the boom has led to the creation of over 1lack apartments, most of them catering to the end-users belonging to the mid-income groups.
If you are also looking for a peaceful abode in the hustle and the bustle of the Delhi/NCR then here are few booming areas that will give you what you are looking for and that too in your decided budget.
Spread over the vast area of 3,347 acres of land (with a proposed extension of another 3,000 acres), the area of Bhiwadi has witnessed a sharp rise in the construction activities and property prices due to the growth of the infrastructure and the connectivity with major parts of the capital. Bhiwadi is situated on the Haryana border and offers affordable 2BHK housing options to the investors within the range of Rs 25 lakh and Rs 31. There seems a constant rise in the price of the property in the area due to the emergence of many industrial giants like Gillette, Bausch & Lomb, United Breweries, and Honda Siel Cars in the vicinity.
The 165 Km, six-lane highway is witnessing a high rate of construction activity along its stretch. It is due to the construction of this expressway that the property prices in the area have raised to 30,000/yard2. Apart from the private developers, the state government has also shown interest in the locality and has acquired land and allotted 21,000 plots for the individuals.
Located 25 Km away from the Delhi ISBT, Faridabad Real Estate emerged as one of the prominent destinations to invest due to the space crunch in the capital. Faridabad homes a myriad of national as well as international companies and offers great connectivity to the parts of the capital as well as the neighboring states. The proposed metro rail link and development of the Mathura roads will also increase the real estate activity in the region, and a subsequent rise in the prices.
With its world-class infrastructure, strong connectivity, and all types of property investment options, the Noida Expressway continues to woo the buyers from all around. The Noida expressway offers houses adorned with top-class amenities for every budget. If you have a monthly income of Rs 40,000- Rs 50,000, you can easily buy an abode in the embrace of Noida Expressway. At current, the average per square feet price of the area is Rs 4,500 to 6,000.
New Dwarka and Gurgaon Expressway
Due to its close proximity to the airport, the proposed 18Km stretch has received the interest of a lot of buyers as well as the investor’s in the past one year. The area is being developed with a mindset of leaving being the standards set by the greater Noida. Currently, the developers are offering the buyers property at R3,000-4,500 per sq ft for mid-segment projects. It is anticipated that the area would witness a price hike with the further development.
The above-listed places can offer you all that you want in your abode without digging a hole in your pocket. So what are you waiting for? Delhi Real Estate is waiting with its arms open.
Created on May 7th 2019 03:56. Viewed 600 times.
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