Today’s hot real estate property: Dwarka

In the past couple of years, Dwarka’s real estate market has certainly been subjected to an example shift. Dwarka is witnessing a new flow in lifestyle living with high-rise apartments and planned townships coming up in the region. Apart from residential flats and apartments, the concept of mixed township is also conducting in Dwarka with many remarkable players busy developing restricted projects here.

In two years, the price of residential property in dwarka has doubled. One cannot get a better residential possession in less than Rs 70 lakh now. And what came as a gift in Dwarka is Metro, which has came out as a matter of big availability for the residents here. Before that, it was not easy for the residents to travel to work to far fled areas like CP and North Delhi.
Dwarka has total 29 sectors, of which, 23 are functional. And because of the Metro and underpass, residence of place rate in the city has reached to 40% as against 20%. It can also go up to 70-80% if the CBI clears all the colonies. There are so many people who are really interested in buying a residential property in Dwarka.

Within a few years, ISBT will also establish in Sector 23, Dwarka. Besides being closely connected to the airport, it provides added advantages such as well planned areas, wide roads, big marketplace and a better combination of many important places in the Capital City.
The most important growth in the city is a ten-acre fashion focal point, which is going to come up in the city among various others. Also, with the individuals having hunger for entertainment, in the coming future it is certainly going to become one of the most happening places in Dwarka.

On the whole, Dwarka definitely has a bright future as the government has planned its Phase II in terms of relocating some prime usage there.

As there is lacking of land in the rest of Delhi, Dwarka has become an only choice for real estate investment in the region. Sector no. 23 is almost developed and Sector 24, 25 and 26 are under construction, amongst the 29 sectors of Dwarka.
On the other side, the coming up of 32-lane Expressway has unusually linked Dwarka with Delhi, and the real estate values here have a positive impact of the growth.

Co-operative Housing in Dwarka

In Dwarka, Co-operative Group Housing Society (CGHS) made a big component of housing type. More than 350 CGHS have got the portion assigned of land out of which 75 per cent has been finished and another 25 per cent are in an advanced stage of completion. Amongst CGHS, over 70 per cent comprises 3BHK apartments and above while the others are studio apartments and 2BHK apartments, which are very few in count.

There are around 326 CGHS that are currently funtional and on an average 100 people stay in a society. If compared to other big colonies such as Rohini, Dwarka’s flats are much more costly. If you are going to purchase a normal and simple flat in Rohini costs around Rs 35 lakh while the similar one in Dwarka costs Rs 55 lakh.

As per a real estate broker, Mr. Jai Saini of Saini Estates, “Three-four years back, people who had invested in Dwarka would sell off a 2BHK apartment to take a 3BHK apartment in older colonies of West Delhi such as Janakpuri and Vikaspuri.”

William Hanna is a passionate writer. She writes on topic like New DDA flats, real estate agent in Dwarka etc for the website http://dwarkaapartment.com

Current real estate situation in Delhi

Delhi has always been the most look for after real estate destinations of India. In past two years, Delhi real estate property market has witnessed a numeral development rate as extremely large improvement in the transportation area, expansion of Delhi Metro Rail from one end to another end and the ceremony of 2010 Commonwealth Games in the Delhi. A property and building dealing consultancy firm had recently rated New Delhi as the 16th most costly real estate market of the world and one of the expensive retail place in India. The demand for building development is considered to remain booming across Delhi property and building development estate market due to a big demand from IT/ITES and other so many sectors.

Delhi residential property market has observed extreme large development as of big demand for housing from so many sectors. South Delhi is one of the most happening housing places in Delhi real estate market. The big homing localities in South Delhi include: Ashram, Amrit Puri, Alakananda, Anand Lok, Amar Colony, Bijwasan, Bhogal, Bikaji Cama Place, C.R. Park, Defence Colony, Central Market, Delhi Cantt, Dilshad Garden, East Of Kailash, Deoli Village, Freedom Fighter Colony, Ghitorni, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Kailash Colony, Jungpura, Jasola Vihar, Jamia Nagar, Kailash Colony, Lajpat Nagar, Kalkaji, Khan Market, Nehru Place, Munirka, Mahipalpur, Mehrauli, Malviya Nagar, Malviya Nagar, Netaji Nagar, Okhla, New Friends Colony, Nizamuddin, Okhla Industrial Area, Niti Bagh, Safdarjung Enclave, R K Puram, Panchsheel Park, South Extn., Sudarshan Nagar, Sheikh Sarai, Saket, Sangam Vihar, Sarojini Nagar, Sarita Vihar, Sarvpriya Vihar, Vasant Vihar, Sunder Nagar, Vasant Kunj, etc.

And the rental values of residential properties like the flats, villas and duplex houses are intensely at higher phase.

Delhi, the national capital of India is one of the hottest destinations for investors. One of the best reasons why Delhi is an investor’s first concern is due to its good connectivity with almost every most of the cities in India. Other than this it is well connecting city to all international airports. The residential property prices in Delhi in past 2 or 3 years have been quite excessive.

Due to all these various reasons, the rates of property in Delhi immensely increased. But with the gradual decrease, people can see the prices for both the commercial and residential properties gradually decreasing.

Delhi’s Khan Market has also been in the news recently for being one of the expensive retail locales in the world.

Till some time back, in the commercial and residential market division, Delhi has been known to have made the most excessive business dealing as properties have been sold for millions. This flow which was in the beginning ordinary in the luxurious localities of South Delhi is now moving towards in the beginning less meaningful places like Dwarka.

William Hanna is a passionate writer. She writes on topic like New DDA flats, real estate agent in Dwarka etc for the website http://dwarkaapartment.com