By: David H.
Submitted: 2009-05-21 20:22:56 | Word Count: 559
The property market value of Dwarka is excellent. Investors flock to Dwarka because of its financial potential.
Dwarka has become a natural choice for real estate asset in the area without the presence of land in the other parts of Delhi. 23 are almost improved and the 24th, 25th and 26th sectors are under improvement out of the total 29 sectors in Dwarka. Nonetheless, the 32 lane Expressway’s opening has amazingly connected Dwarka with Delhi, and the values of the property here have a noticeable effect of the changes.
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Co operative Housing
Co operative Group Housing Society or CGHS builds the main fraction of residential type in this city. Property over 350 CGHS has been chosen out of 75 percent has been made and another 25 percent are in an enhanced stage of achievement. Out of CGHS, almost all, about 70 percent constitutes 3BHK apartments and above 3+1, 4BHK servant room or a Study. And in the other part, the rest are studio apartment houses and 2BHK residences of small number.
At present, there are around 326 CGHS prepared and an estimate 100 people live in a society. About 70 percent of these are utilized. Dwarka s flats are more costly in comparison to other colonies like Rohini. A regular flat in Rohini charges Rs 35 lakh but that in Dwarka charges Rs 55 lakh.
About three to four years later, those who had bought in Dwarka would put up for sale a 2BHK residence to acquire a 3BHK apartment in older communities of West Delhi like Vikaspuri and Janakpuri according to the broker of property named Jai Saini of Saini Estates.
Market Trends
People are putting up for sale their 3BHK apartment in the nearby settlements as people aim to live in a place with newer edifice, better environment and social infrastructure to purchase even a 2BHK residence in Dwarka of Delhi.
DDA Flats
The Delhi Development Authority or DDA has formed 40,000 apartment buildings under mega residence, self financing, MIG, HIG, and incremental housing schemes. However, particular thought has been distributed to the Economically Weaker Sections or EWS of the community.
In addition, a variety of LIG, EWS, and Resettlement Housing Schemes have been prepared. It is estimated that there are 20,000 DDA flats which 8,000 to 10,000 are taken up. 70 percent are prepared and are waiting for allocation among DDA flats.
Moreover, Dwarka’s DDA flats are unidentifiable as typecast DDA flats. They are formed on the new model and they are full of stories with raises. They also have colored frontages instead of the ordinary grey ones. There is also earthquake evidence system in several sectors. These residential lands challenge the former low quality mass residences’ picture of DDA flats.
These flats are also more expensive, with bigger area size, than the ones in the first settlement areas of Vikaspuri and Janakpuri. These were structured around 1960s. This was according to Vijaypal Singh, a property consultant.
Dwarka, as one of the prettiest parts of Delhi India, has a good property market value. So, to those who want to move out from their present residential area, try to select an alternative residential settlement here. For sure, people will have a satisfying life and they might enjoy the great attractions here.
Other than that, they would also sell off these lands in the future and earn a little money once they decided to live in other places. This is definitely a good investment.
