DELHI With real estate residence

Trip Start Jan 20, 2009
1
77
Trip End Apr 22, 2009


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Flag of India  ,
Wednesday, March 24, 2010

There's a slowdown in growth in the suburban residential market. Construction on new projects has stopped, resulting in a stabilization of rates for possession-ready flats. This scenario also prevails in Delhi, where the rates for good properties are now stable. However, the areas around the 150-metre road that will eventually connect Gurgaon to Dwarka - specifically, Sectors 103-111 - have significant growth potential.
 Drivers
1. Sufficient developments will come up in this area, and one can expect a year-on-year appreciation of at least 5-7 per cent even now.
2. The area is under-developed. However, when residential projects there reach completion in 2-3 years, the appreciation will be between 30-35 per cent.
3. A lot of this depends on the ability of developers to raise enough cash to complete their projects. Those who do not have the requisite finances will miss out on an extremely lucrative opportunity .
 The current rates in this belt range between Rs. 2200-2300 per sq ft. In Dwarka, the rates are between Rs. 4000-4500 per sq ft and in some locations of Gurgaon between Rs 3500-4000 per sq ft.
 
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