Where to invest in Delhi Real Estate

For the most part of the first quarter in the calendar year of 2015, property prices in Delhi have remained stagnant without any change whatsoever. Do not let the sluggish market fool you though since it is clear that soon the Delhi real estate market will be back on track and very soon be one of the happening metros of the country. Delhi’s micro-market property prices are flourishing and it is time it trickles down to the bigger localities.

In any case, with some late improvements, for example, the state government's push to regularize illicit provinces and the Delhi metro making further advances in NCR, property specialists are confident that the situation would change in the next quarter and so of 2015. The late support of the DDA area pooling arrangement is additionally anticipated that would help development in numerous territories of the national capital the same number of new engineers from down South are entering the private business here.

Dwarka:

The sector 17 of this residential locality brought about returns like no other area in Delhi. With more than 9% increase in prices, sector 17 trumped over most of the other localities from around the country. It was followed closely by other sectors like 4, 9, 10, 12 and 13. Prices in these sectors range from around Rs. 8000 to Rs. 10,500 per square feet.

The factors that contributed this phenomenal growth in adverse times for the property market in Delhi are:

·         Delhi Metro – Connectivity issues to these sectors is no longer a negative. What was once hampering the progress now becomes a plus point!

·         Greenery – Sector 17 in particular is covered in greenery which makes life in a metro like Delhi seem a bit peaceful than it really is!

·         Social Infrastructure – Schools, markets, hospitals; you name it and these sectors of Dwarka have them in plenty!

·         Job Opportunity – Gurgaon’s working population prefer Dwarka among other localities.

Noida:

Sector 74 of Noida saw a steep rise in property demand. Only a stone’s throw away from the city center, this sector has everything one would need! Apartments in Noida have always been trendy and with prices starting as low as Rs. 5,500 per sq ft, thanks to the property bubble, buyers are flocking to lay down their money. Sector 134 along the Noida – Greater Noida Expressway is buzzing with activity too! The presence of many schools in the locality is a big bonus point for the parents looking to invest in Villas and apartments in Noida.

·         Farmer’s Land Acquisition issues have been sorted out by the Supreme Court making Noida a haven for Real Estate investment by builders.

·         The proposed Metro from Noida City Center to Greater Noida

·         NH 24 boosts connectivity and the area is also well-planned with roads

Ghaziabad

The property development in Ghaziabad is so extensive that there is an entire article about the locality on India Property dedicated to explaining it. Property in Ghaziabad, Delhi shot up by 7% compared to the same quarter last year making it a lucrative spot for real estate investment!