Delhi’s property market has woken up from
its slumber. Though this was inevitable, many had given up hope on the real
estate of Delhi, especially with mounting unsold properties and unfinished
projects in and around the city. The government had worked very hard and
implemented a lot of projects that would supplement the property growth spurt
in localities like Noida, Gurgaon and Faridabad. The efforts have finally paid
off and here are a few reasons as to why you must buy a property in Delhi
before it is too late!
One of the major hurdles the realty market
of Delhi faces is to sell off the already accumulated property. Either the
prices had to be slashed or the existing amenities had to be improved to makes
prospective property buyers consider shelling out cash for the properties. The
second option worked and this is how:
1
- The Delhi Metro has redefined the term called connectivity in the capital city! You no longer have to find residence in the same locality as you work. Sectors in Dwarka are now completely linked to one another! Noida is well connected to NCR too! The next proposed stage of the metro will connect Noida’s city center with the Greater Noida region making property market boom further! The Violet line will aid to Faridabad by connecting up to YMCA Chowk!
- Delhi government made all the right moves in conjunction with the Central Government. The Swachch Bharat Movement started off a chain clean Green moments which lead to a lot of green spaces in the city!
- The Supreme Court stepped in at the right time by settling the long standing dispute of Farmer’s Land Acquisition issues. The investors who bought land from the farmers will now breathe in peace and develop stunning projects soon enough!
- New sectors are well-planned with perfectly sorted our ergonomics and wide roads. The green belt around sectors helps a lot too in improving the living standards of the locality. Given the extremities faced by the region of Delhi, climate-wise, it has been a smart thing to do.
- Property prices in NCR are on the higher side but a few areas do have cheap offerings. A smart researcher will be able to find an affordable apartment in some place like Sector 16 of Greater Noida or Ahinsa Khand 1 of Ghaziabad.
- Arterial roads and highways like the NH 24 greatly has shortened distances and enhanced connectivity. Ahinsa Khand, Crossing Republik, Noida sectors 62, 63, 57, 58 and 59 all have seen price hikes because of this one highway! NH8 in the same way does the same to Gurgaon! undli-Manesar-Palwal (KMP) Expressway is the sole reason for Neharpur to come in the map of property buyers from Delhi and Gurgaon
- Civic infrastructure is improving beyond comparison in most of the localities that are experiencing growth in property in Delhi. Complementing the same is that the cost of living is comparatively lesser in localities like Faridabad when compared to NCR regions.
