Investing in Real Estate Delhi NCR

Delhi Property at Makaan.com

Flats in Delhi have always been in high demand, high Delhi property rates have not dampened the spirit of buyers. Even though now many alternatives such as flats in Noida, flats in Ghaziabad and real estate Faridabad are available but still people prefer to invest in flats in Delhi. But for all those who cannot afford flats in Delhi due to escalating Delhi property rates or are looking to invest in a second home nearby flats in Noida, flats in Ghaziabad and real estate Faridabad present decent option.

Since the Delhi property rates have made property virtually unreachable for the common man people are looking for new alternatives present infront of them. But which one should they choose. Almost all the satellite cities of Delhi seem to be a good investment option which one will prove to be a better investment option in the long run. Well we have the answer for you so that you know which property deal is going to be a steal deal.  

People in Delhi who like invest in flats in Noida, flats in Ghaziabad and real estate Faridabad do it either for end use or for investment purposes. Real Estate has grown as an preferred asset class with more and more buyers looking at it as a preferred INVESTMENT option. Looking at the needs of these buyers, Makaan.com, India's fastest growing property site, offers two tools “INVEST” tab on its site and and Makaan.com Property Index. These tools allow the users to search properties that have given higher Rate of Appreciation (RoA) in the past years. The tools empower and offer the real estate industry with up-to date information related to movement in properties prices of flats in Noida, flats in Delhi, flats in Ghaziabad and real estate Faridabad which help people in making smart real estate decision-making.

Where to Invest in Delhi NCR?

Delhi NCR Property at Makaan.com

Looking to buy flats in Delhi but unable to afford one? Then you must look at the satellite cities of Delhi. Delhi NCR was developed in order to provide the people of Delhi with affordable housing options. After rapid development of Delhi the property prices in the city rose at a rapid space making it difficult for the general public to buy flats in Delhi. Even taking flats in Delhi on rent became a difficult option in the last few years as the property prices of the city skyrocketed.

Real estate Faridabad, Gurgaon, Noida and Ghaziabad were developed to offer people affordable housing options. Over the last few years real estate Faridabad has shown a decent appreciation whereas properties in Gurgaon have skyrocketed. Flats in Noida and Flats in Ghaziabad too are witnessing high demand from buyers. In terms of rental income real estate Faridabad and flats in Ghaziabad are getting decent return returns but Gurgaon properties and flats in Noida command a premium as more opportunities are available in these satellite cities. 

In terms of affordability flats in Ghaziabad and flats in Noida have been preferred as an excellent investment destination. Real estate Faridabad is usually termed as a slow moving realty sector. Whereas Gurgaon is now most considered as an out of reach realty segment. The Delhi NCR property market witnesses a decent blend of end-use purchase and investor interest. Speculation has often led to inflation of prices which has led to confusion as to where to invest in Delhi NCR. It has been generally noticed that good infrastructure, connectivity as well as consumer convenience accelerate a regions real estate success and also establishes the existing property prices. And therefore before making any important investment decision it is advisable that people should visit the location and try and judge the future growth potential of the region.

Greenfield Colony: Is it a Good Option to Buy a Property in Faridabad?

Faridabad Property at Makaan.com

I told you sometime back that I am on a house hunt. This isn't over yet. Since then, I have gone to many places, got reviews of so many people, noted down the pros & cons of every locality...And Greenfield Colony in Faridabad is one of these localities that I have done some research work for. Let me tell you what I have got to know about it.

Greenfield Colony carries the affordability tag; this was the prime reason why I went for it at the every first pace. If your budget to buy property in Faridabad lies in 25-75 lakh segment, for a 2 BHK flat, Greenfield Colony can be an ideal one. The average per square feet rate here is mostly concentrated around 3200-3600/-. For those who are keen to buy property for future investment, the colony stands a fair chance of price appreciation. As far as its connectivity is concerned, it is conveniently located at about 8 km from Delhi.

Now come the pitfalls...The prospective buyers of residential properties in Faridabad must know that the colony suffers from acute water and electricity shortage problems. Voltage fluctuation is very common. For new buyer, it is very difficult to get new electricity meters as authorities have denied many of them on account of registry closure. The locality becomes worse in monsoons with most of its gets deluged in water, with no adequate provisions from local bodies. Another major concern is a number of illegal constructions that property developers have resorted to. The builders are flouting any restrictions that have been imposed in terms of minimum area of construction.     

But this is not all... Being an old colony, it has no good parks, clubs, pools, and other amenities. The roads have not been worked since a very long time and are in bad shape. There are several unused plots that are used by residents as the sewage dumping ground; these ultimately become the breeding ground for diseases. To tell the truth, Greenfield needs the immediate attention of government authorities. The locality badly needs a revamp.  Only after these real estate issues are addressed, real estate Faridabad shall find any potential buyers

Buying Property in Faridabad: Would You Go for It?

Faridabad Property at Makaan.com

Faridabad comes as a good option when it comes to buy house and residential properties in Delhi NCR. And why not? Being a sustainable city, it is preferred by the property seekers for whom budgetary constraint is the prime factor. To add to this, Faridabad real estate is also distinguished for having huge land parcels available for futuristic developments. At a time when Delhi and Gurgaon have reached the state of saturation in terms of residential constructions, Faridabad comes as a pleasant respite to many. But the picture is not as rosy as the developers portray. There are some pitfalls, certain dampening factors that indicate that the city has some serious issues to resolve first.

I have been searching real estate Faridabad property from past one year. During this time span, I came to know about this city better. The first and foremost thing of concern is its below par basic amenities: there are issues related to quality of its drinking water, scarcity of water, poor sewage disposal systems, and shortage of electricity. As I was reading somewhere, Greenfield Colony had some serious water problems a few months back. Though the issue has been resolved up to some extent, the residents are not satisfied with the state of affairs. Similarly, there are several other localities too that are facing water issue.

In some places, the residents are facing sewage disposal problems. There are no treatment plants where the garbage can be properly disposed. This makes the residents of property in Faridabad use bad practices that cause harm to environment. Another factor that goes against this city is high pollution level. Faridabad has a plenty of small scale manufacturing units that emit poisonous gases on daily basis. The residential localities in the nearby area are affected to a great extent.

Unless some concrete steps are taken to raise the quality of life here, there are only a dismal chance that this city would make something worthwhile out of its real estate.

Faridabad property Infographic @Makaan.com

Faridabad Property Infographic

Faridabad Property: An Economical Option for Buyers

Given a choice to buy property anywhere in Delhi/NCR, what would be your preferred location? Most votes would come for Gurgaon or Noida, Isn't it? What about Faridabad? You may seem skeptical about this city, given that only little is known about its prospect as an investment option and the other two cities take all the limelight. If you are keen on buying a property in Faridabad, there are so many factors that back the city as brining good returns.

The presence of good infrastructure has been the cornerstone for Faridabad real estate. The city houses several of central government offices, renowned manufacturing industries, and IT companies. The connectivity to the surrounding cities via NH-2 and the upcoming Yamuna Expressway that is built to relieve NH-2 of the congestion make the accessibility far too easier and less time-consuming.  So, commuting won't be an issue on day-to-day basis, if  that is an issue with you.

With some of the renowned developers like BPTP, Omaxe, Anjara, and Ansals getting a strong foothold here, the availability of flats with top-class amenities make buying apartments in Faridabad a good option. With the availability of land to develop and thinly populated localities attracting more investors, the city would soon be seeing more skyscrapers dotting the skyline.

The one thing that gives the Faridabad property an edge over other cities of NCR is the low price rates. So, affordability is the biggest factor why an average buyer can hope to buy a house here. Unlike Gurgaon and Noida where the rates are always sky-high, this city offers economical options. As more people are now seeing as one of the options, the price rates have started escalating here too. An increase of about 24% was recorded in the price rates/sq. ft in the past one year. And the price stood at Rs. 3862/sq. ft. in July, 2013, with the rest of Delhi /NCR standing at Rs. 5169. The upcoming electrification projects are going to boost the status of the city in terms of real estate. These  power plants are expected to generate1500 MW of electricity after becoming operational.

Makaan.com, a leading property portal in India, lists properties including houses, rooms, lands, office areas, shopping malls, warehouses, bungalows, villas, as advertised by the renowned developers and land owners from major cities. Buy, rent or lease the properties as per your budget requirements and other preferences.