Delhi is a market that has always witnessed demand on both the residential real estate and commercial real estate fronts. Nicknamed the Millenium City, Delhi's star rose when Maruti Suzuki set up its factory in the 1970s. Since then many other top companies have set up shop here, which in turn has led to the increase in demand for 3 BHk in Dwarka Expressway.
Delhi is located in Haryana and is situated 32kms from the south west of Delhi. Though the demand for residential real estate such as apartments in Delhi has dropped, the prices have risen substantially state reports. Multiple projects have been delayed in this area, which has led to lower Buy Flat On Dwarka Expressway, in fact, has the highest absorption rate amongst all the metros and has the lowest unsold inventory.
Projects in Delhi cater largely to the luxury segment but there are projects which will suit all budget ranges. Apartments in Delhi which fall under the mid segment range will be priced between INR 4000 to INR 8000 per square feet. The luxury properties are priced anywhere between INR 8000 to INR 20000 per square feet. If you want to own a luxury property, you would easily have to shell out anywhere between INR 1 to 2 crores. Areas such as Pataudi, Dwarka Expressway, Sohna Road and Southern Peripheral Road, Dwarka Expressway New Residential Projects.
There is demand for properties including 3 bhk flats in Delhi and builder floor in Delhi but there is a fair share of problems which plague this city. There is definite lack of infrastructure seen here, which includes basic civic amenities like a waste disposal system and no proper supply of water. Eight to twelve-hour power cuts are rampant. Crime rates are also a concern in Delhi.
If you fall in the lower income group and are looking for affordable apartments in Delhi, you might be in luck. The Haryana government is planning to provide affordable houses in Delhi and other parts of the state. The prices of these flats will be set by the government and will be allotted through a draw of lots. The total number of 1.25 lakhs will be completed under the first phase of this scheme out of which 30,000 Buy Lands in Dwarka Expressway. Reports say that a 300 square feet house will be priced at INR 12 lakhs and a 645 square feet house will be priced at about INR 25 lakhs. The floor area ratio (FAR) is set to be lowered for this project.
The real estate industry as such as witnessed a slowdown. With the elections throwing up a clear winner, it is expected that a slew of new infrastructure projects will be announced and this will push the real estate industry out of the slump. In this scenario, Delhi will emerge as a market which everyone will watch with a keen interest. So this might be the right time to purchase Ultra Luxury Apartment in Dwarka Expressway.
Ramesh Yadav is a writer with journalistic experience of over 4 years in print, social and new media. He is a content specialist for corporate and instrumental in various digital media establishments. He prefers to investment projects in Delhi and 3 bhk flats in Delhi.
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