What are the best areas to invest in real estate in Delhi ncr

 property destinations to invest in Delhi-NCR

The excellent areas to invest in real estate in Delhi NCR region are- Gurgaon, Noida, Ghaziabad, and Faridabad. The plots are well connected to major catchments of the city such as- Airports, Railway stations, National Highways, Government and Private hospitals, etc.

The factors that have contributed to such a rapid growth are greater economic activity, rising personal income and the resulting migration. After a brief lull in 2008-09, property prices saw a sharp upwards trend in the period afterwards. The boom has led to over 1 lakh newly launched apartment units into the market. Most of these projects cater to the mid-income group who want to own their own abode and be part of the metropolis. Let's take a look at some of these top four destinations that has shown growth and tremendous potential over the past few years.

Bhiwadi

Once a sleepy town shunned by the property developers, Bhiwadi is now a rapidly growing town on NH-8, situated in the Alwar district of Rajasthan, bordering Haryana. The reason for growth is due to growth in infrastructure that has taken place over the past few years. Spread over 3,347 acres and with another 3,000 acres proposed for its extension, Bhiwadi has nearly 2,500 tiny, small, medium and large industries, including MNC industrial units manufacturing various types of products. They include all types of industries like automobiles, steel, electronics, textiles, pharmaceuticals, printing, cables, rolling mills, food processing and garments. Prominent industrial names in the town include Gillette, Kajaria Ceramics, Bausch & Lomb, Honda Siel Cars, and United Breweries. These companies have acquired huge acres of land in the region, thus making it a preferred residentialdestination with some prominent names like Ashiana Housing, Parsvnath, Krish Group, MVL, Avalon, BDI, Genesis, Cosmos, Jagrit Infrastructure, Kajaria, Kingfisher, Konark and Star Realcon. Technically, Bhiwadi is classified as Tier 2 city, but investing in real estate here is unlikely to turn sour. Located nearly 71 km from Delhi, Bhiwadi is located next to Gurgaon and Manesar and it takes approximately 1 hour 16 minutes to reach here. Bhiwadi is a promising real estate destination with a lot of industries choosing to set up shops from Delhi, Punjab and other parts of the country. Despite escalating price in the vicinity, housing is still affordable here. For instance, the rates 2BHK apartments of 1,160-1,200 sq ft range between Rs 25 lakh and Rs 31 lakh today as against Rs 24-29 lakh in 2009, while 3BHK apartments of 1,320-1,520 sq ft are available for Rs 34-39 lakh as against Rs 30-35 lakh in 2009. Independent villas, however, have seen a steep escalation in prices.

New Gurgaon and Dwarka Expressway

The stretch between Gurgaon and Dwarka is seeing significant buyer and investor interest and is one of the promising realty markets in the National Capital Region (NCR). It is also close to the international airport. Dwarka Expressway, also called the Northern Peripheral Expressway, when complete would be an eight-lane expressway, being developed by the Haryana Urban Development Authority (HUDA) at a cost of Rs 120 crore. As a part of the Gurgaon-Manesar Master Plan 2021 (Urban Complex Plan), the expressway will connect Dwarka to National Highway 8. The proposed location will stretch 18 kms, starting from Dwarka and the forthcoming special economic zones in Gurgaon and would join the NH 8 near Kherki Dhaula. The expressway will cut the travel time from west Delhi by half. This area is a part of ‘New Gurgaon', which is being developed with better infrastructure, to match the standards set by Greater Noida. The E-way already enjoys a decent infrastructure in terms of schools, shopping centers, hospitals in Palam Vihar, Gurgaon and Dwarka. The current rate at which reputed developers are selling their residential apartments are in the range of R3,000-4,500 per sq ft for mid-segment projects. The luxury projects are in the range of Rs 5,500-6,500 per sq ft. These prices are almost half of what is now prevailing in Gurgaon, and almost one third when compared with the prices prevailing in Dwarka.

Yamuna Expressway

The areas in the vicinity of the six-lane, 165 kilometre long Yamuna Expressway, which connects Noida to Greater Noida with Agra is a booming real estate investment destination. Some of the factors that make the Yamuna E-way a goldmine for property investors are its proximity to Delhi, rapid industrialization in Great Noida, and the presence of a large number of educational institutions there. Jaypee Infratech, promoter of Yamuna Expressway, has the right to develop real estate along the Expressway over 6,175 acres (equivalent to 530 million sq ft). Of the total 530 million sq ft developable area, 311 million sq ft is in the National Capital Territory alone. Due to the expressway, the property prices have already touched Rs 30,000 per square yard in the area, and which is growing very rapidly. The Jaypee Group, which has developed the expressway, will bring forth five integrated townships sprawling across 500 hectares at five locations along the expressway. The state government too has already acquired land and allotted 21,000 plots off the expressway to individuals. Besides Jaypee and Supertech, other prominent developers include SDS Infrastructure, Orris Infrastructure, Anushria Realtors, 3C Company, Anova Infracon, Silver Sands Estate, Aminiti Builders, Ajnara, and Nimbus.

Faridabad

A lot is happening in terms of real estate development in Fardibard and area between Faridabad and Palwal. Lots of new residential and commercial projects have sprung up in the region which has rekindled the interest of property buyers in the region. Located 25km from Delhi (ISBT), Faridabad is now emerging as the preferred destination for investors as there are huge prospects of economic boom in the air. Housing demand, land crunch in Delhi, affordable housing, are among the few reasons that support booming property prices in the region. The industrial city enjoys the merit of proximity to Delhi, as well as the NCR cities of Greater Noida and Gurgaon. These factors are making investors and corporates choosing Faridabad as a potential booming real estate destination. Faridabad is already home to several MNCs, ISO-based industries, scores of medium- and small-scale manufacturing units. On the whole, the total number of small, medium and large industries in the Faridabad-Ballabgarh Complex is around 15,000. According to experts, Faridabad has always been underpriced in spite of the geographical advantages it offers, being equidistant from Delhi, Gurgaon, and Noida and having fairly good connectivity with all, by road and rail route. In the near future the property prices are set to go higher due to the proposed Metro rail-link and modernization of Mathura Road will enhance the prospects of Faridabad further.

Comments

[ashokrajan]

delhi has some beautiful apartments and this is one of them