Dwarka Expressway - Attracting Investors as Well as Buyers for Real Estate Investment for Best ROI in Delhi NCR Real Estate Market
If we go with the words of the realtors in Delhi NCR dealing in various residential and commercial projects in Delhi/NCR and projects on much awaited Dwarka Expressway, which is being considered as one of the hottest destinations for investment in Delhi/NCR.
A lot of people are skeptical about the question that, when the Dwarka Expressway will be operational. Some predict within this year i.e. by the end of 2012, while others believe that it will still take next 15 months. About 63% realtors believe that Dwarka Expressway will be operational within 2 years while about 30% think that Expressway could be operational within 1 to 2 years.
A lot of people are skeptical about the question that, when the Dwarka Expressway will be operational. Some predict within this year i.e. by the end of 2012, while others believe that it will still take next 15 months. About 63% realtors believe that Dwarka Expressway will be operational within 2 years while about 30% think that Expressway could be operational within 1 to 2 years.
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| Dwarka Expresway Construction |
Consumers who invest in residential property in Dwarka Expressway are mainly booking for the purpose of return on investment (ROI). According to a survey about 70% of the realtors believe that the key reason behind growing interest of investors for making investment in property in this growing corridor is ROI. It has also been noticed that majority of the demand is from Delhi/NCR region, followed by Mumbai, Bangalore and Pune.
Despite of rising interest rates on loans, rising prices and inflationary pressures, buyers are investing in real estate continuously, considering it still the best investment option. Consumers still treat real estate sector as a safe asset class. If we talk about the feedback from realtors, there is 96% demand for residential apartments from buyers, against 4% buyers who invest in plots.
Of this total demand, first 63% buyers ask for 2BHK apartments while next 30% buyers demand for 3BHK residential apartments.
Despite of rising interest rates on loans, rising prices and inflationary pressures, buyers are investing in real estate continuously, considering it still the best investment option. Consumers still treat real estate sector as a safe asset class. If we talk about the feedback from realtors, there is 96% demand for residential apartments from buyers, against 4% buyers who invest in plots.
Of this total demand, first 63% buyers ask for 2BHK apartments while next 30% buyers demand for 3BHK residential apartments.
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| Dwarka Expressway Construction View |
Realtors also advised prospective buyers to buy projects during launch stage. As it includes lesser payment as well as it is cost effective. Further the return on investment is also higher as compared to the projects close to completion or completed projects. The survey also highlighted that 56% prospective buyers prefer to buy during launch stage. Whereas, 30% buyers want to buy during the under-construction stage and remaining 15% want to buy in the close to completion stage of projects.
According to the realtors, especially who have got cornucopia of experience about Dwarka Expressway, this corridor will provide better returns than any other realty investment option in next 3-5 years, as right now it is lacking basic infrastructure like roads. But, the construction of NPR is in full swing and in coming years it will have very good infrastructure. According to a majority of real estate investment consultants in Delhi/NCR, the appreciation that one can expect from this area would be 15% and beyond in the next 3-4 years.
According to a survey by magicbricks.com about the ‘Immediate importance of brand name for buyers today’ it was highlighted that 78% of total buyers wish to purchase a residential apartment from a reputed developer and 15% are open to buying from regional developers. IndiaBulls Centrum Park and Enigma (Sector 103 & 110), Raheja Vedas & Shilas (Sector 108 & 109), Mahindra Lifespaces Aura (Sector 110), BPTP Amstoria (Sector 102),VSR 114 Avenue (Sector 114) are some builders who have already launched their projects along the Dwarka Expressway.
According to the realtors, especially who have got cornucopia of experience about Dwarka Expressway, this corridor will provide better returns than any other realty investment option in next 3-5 years, as right now it is lacking basic infrastructure like roads. But, the construction of NPR is in full swing and in coming years it will have very good infrastructure. According to a majority of real estate investment consultants in Delhi/NCR, the appreciation that one can expect from this area would be 15% and beyond in the next 3-4 years.
According to a survey by magicbricks.com about the ‘Immediate importance of brand name for buyers today’ it was highlighted that 78% of total buyers wish to purchase a residential apartment from a reputed developer and 15% are open to buying from regional developers. IndiaBulls Centrum Park and Enigma (Sector 103 & 110), Raheja Vedas & Shilas (Sector 108 & 109), Mahindra Lifespaces Aura (Sector 110), BPTP Amstoria (Sector 102),VSR 114 Avenue (Sector 114) are some builders who have already launched their projects along the Dwarka Expressway.
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| Dwarka Expressway - Construction in Progress |
Where, projects like Raheja Shila, Indiabulls Centrum Park and Mahindra Aura are ready and expected to give possession by 2012 end. There is a lot of demand for apartments from end-users in the resale market too. The only reason is affordability values and the scarcity of alternate options for properties within this range in the established sectors of Gurgaon especially in the stretch closer to Delhi.
It has also been noticed that 70% of buyers prefer semi-furnished residential apartments while remaining 30% buyers like to go with furnished apartments. Other factors that attract buyers as well as investors to make investment in Dwarka Expressway include affordable rates, availability of various residential formats and options, and ROI that this sector has witnessed in last 10-12 months.
By -
Alok Kumar Upadhayay
Manager - HR
CRE Solutions
Cell - 9811845382
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