Property Rates for Two-Room Residences in North Delhi

Residential Property in Delhi at Makaan.com

While South Delhi is famous or say 'notorious' for its pretty penny rates, the other parts of the capital city are not that pricey or say, somewhat less extortionate. In North, there are a few (read “very few”) localities where residential properties do not cost a buyer an arm and a leg. Rest part of the northern region imitates the South in realty rates. Let's throw a light on how the prices are faring in this particular region of the capital. We shall be discussing in context of  2 BHK apartments only.

The affordable residential property in Delhi can be searched in localities like Rohini, Rani Bagh, Burari, Madhuban Chowk, Alipur, and Kamla Nagar. The starting price for two-room flats in these colonies lies in the 20-30 lac range, which is indeed a budget sphere. But, in no way it means that you won't find any 2 BHK apartment in crores. They are very much present there. But since the starting prices are relatively low, the mid-segment buyers can hope to own a house in these localities. Talk of the per square feet(psf) rate, the range lies between Rs. 3000-7000/ sq. ft. At G. T. Karnal Road, the psf rates are still lower: close to 2500/ sq. ft.

Now, let's talk about the pricey property for sale in Delhi. Pitampura, Paschim Vihar, Narela, Kamla Nagar, Pitampura, and Ashok Vihar are good examples in this regard. At Kohat Enclave, a two-bedroom flat is available at around 1.5 crore, while at Narela, Ashok Vihar, Kamla Nagar, and Pushpanjali Enclave, the starting range is around 40-80 lacs. At Ashok Vihar, the psf rate can go up to 40,000/ sq. ft. Accordingly, the price can go up to a value of whopping 4 crores!! At Paschim Vihar and Pitampura, the apartments as pricey as 1 crore or above are available. 

So, you see that rates in North Delhi ape that of South, in a majority of areas.

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Residential Property in Delhi: Fallen Prey to Financial Crisis

Real estate in Delhi at Makaan

Indian real estate is going through a really bad phase. As they say, a problem never comes alone, and this is perfectly apt for the realty market that the country is facing. The skyrocketing prices, the financial crisis, and the degradation of rupee against the mighty dollar has left no stone unturned for properties to tread an uneven path. One of the cities that have suffered immensely out of all this is the capital city Delhi. The elephantine rate at which the prices have increased has worked against the buyers' sentiments. The demand, as a result, has gone an all-time low.

The developers who have been putting all their energies in raising the rates of residential property in Delhi, are now facing the consequences of their deeds. With thousands of inventories lying vacant from more than 20 months, they are getting sleepless nights. The bubble that they created to empty the pockets of the buyers is all set to burst anytime. As soon as that happens, the rates shall start plummeting. The price correction has already occurred in South Delhi localities like Greater Kailash and several others. If the bubble continues to deflate, the demand shall rise. It is obvious that the buyers who are reluctant to make a purchase shall go on with their decision.

To win their clients back, the developers and the builders have now resorted to new means. They are approaching them with several cash discount offers and freebies. Sedans, LCDs, microwave ovens, free EMI periods, zero registration duty, and 10% discounts are a few tools that they are employing as their marketing strategies. All these sweetening devices are not going to appease the buyers, who have already under the burden of inflation. We can only hope that prices get corrected and the residential property in Delhi shall again see a rise in demand.

Makaan.com, the Indian real estate website with intelligent search facility, allows searching residential property in Delhi and other cities. Buy, sell, or rent 1, 2, 3 BHK flats, villas, condos, shops, offices, and plots in different price brackets.

New Farmhouse Policy Going to Change the Face of Residential Property in Delhi

Delhi Property at Makaan.com

I have been commuting via Delhi metro from past three years and every single day, I have noticed one thing in particular. There are no or only 1 or 2 people getting down or boarding the train at Ghitorni and Sultanpur(Jhangirpuri-Huda City Center Metro Line). And I used to wonder why the train even bothers to stop at these two. It seems that authorities heard the mumblings of my heart. The new Farm House Policy laid down by DDA is going to completely change the scenario. As per this policy,  been  a total of 27 low density villages shall be covered for the construction of one-acre farmhouses. These shall be termed as 'Country Houses', and shall influence the rate of other property for sale in Delhi.

Since the day DDA announced that such a scheme shall be rolled out, there has been an unprecedented number of inquiries from investors and High Net Worth Individuals(HNIs) for acquiring land in these villages. This interest has directly affected the prices of other South Delhi property including flats and apartments: their rates have depreciated by 10-15% in the first quarter of 2013. DDA has also decided to increase the Floor Area Ratio(FAR) in the villages that are scattered along metro lines. The earlier FAR of 15% is proposed to increase to 20%.

In addition to Ghitorni and Sultanpur, a few other villages that have been included in the Farm House Policy are Asola, Devli, Hiranki, Bakoli, Rangpuri, Khanpur, and many more. As against the proposed  one-acre area, the earlier mandatory area for farmhouses was 2.5 acres. To make the best of the situation, several prominent builders have already roped in for acquiring land in these villages. As far as the present farmhouses that have covered high floor areas need to pay penalty in return for the regularization.

In the years to come, these remote villages shall be able to see high-end residential developments. This shall take time, but once that happens, these areas shall populate well. The number of commuters to and from the areas along metro-line shall increase considerably. We shall have to wait which turn the residential property in Delhi takes...

Buy, rent or sell residential as well as commercial India properties at Makaan.com, the leading property portal based in India. Search farmhouses, bungalows, villas, land and plots available in different price rates. Properties in all the major cities across India have been listed over the portal.

Delhi/NCR Real Estate: Riding on Faults

Delhi Property at Makaan.com

Well, as we are talking of property in Delhi, most of us already know that owning even a luxurious 1-BHK in this area would require a big, fat saving on your part. And sometimes, it would take about 8-10 years or even more to save such a big chunk... It depends on how much you earn and what other capital investments you are engaged in. Even if money is not such a big issue with you, there are certain matters that may require to sit back and ponder upon while buying a Delhi property.

Choosing a developer/builder with good reputation  in the real estate is one thing, but that, in no way, ensures that you won't be duped or offered much less what you paid for. Unfurling the pages of a property newspaper, I got to read some not-so-good experiences of the owners in Greater Noida. A leading developer submitted his completion certificate to the authorities but did not apply for the water connection. Result? The residents are forced to consume ground water. But that is not the end of their woes. They are still paying the bills for the supply that they never consumed!!

Similar is the story of a few posh colonies in Gurgaon and other cities under Delhi/NCR real estate . Residents, only after the occupation of the houses, come to know of the loopholes and can do nothing more than registering complaints. So, the point is that a buyer must, before purchasing is all done, make sure of the amenities that are provided. Also, he must verify the validity of each and every document provided by the developers, builders, and land owners.

It is always good to inquire about a property you intend to buy a house from the local residents. Ask them about their experiences and problems, if any, they have been facing living in the locality. It may be possible that they won't tell every nuance involved, but they know the things better, much better than you. Isn't it? Talk of the residential property in Delhi/NCR: even the good localities in southern region face acute water and electricity shortage. It indicates that paying even hefty prices for a property in Delhi/NCR, it  cannot be ensured that you would not end up ruminating. Scrutinizing is what you should do at every step.



 

Properties in Delhi NCR attracting investors abroad

With realty market booming, investment in real estate is considered to be the safest option these days and a lucrative decision. Moreover, this unique investment business is reckoned to be one of the best options for every individual who want to make ongoing income in their life. The trend of buying and selling of properties in Delhi NCR is considered to be a hot cake.

National Capital Region (NCR) of Delhi is considered as a hot destination investment because of its well connectivity with major cities and upcoming new infras. So, the realty market value is higher than other cities in the countries. Therefore, the properties which are located in Delhi NCR are considered to be so valuable for many investors in the country.

Buying a residential property in Delhi NCR is indeed a wise decision. But the challenging part is to find a property that would give good returns. Many people would like to buy properties in Delhi NCR due to its amazing benefits and huge returns on realty estate investment.

The quick and simple way to browse properties in Delhi NCR is by taking the help of realty websites. The portals are a destination for finding attractive deals and also collect helpful information about selling or buying of properties in Delhi NCR. For example, Makaan.com, a leading realty website helping buyers and sellers in connecting, offer information of attractive deals of buying and selling. It serves as a one-stop online destination where investors, buyers or sellers can collect detailed information about selling and buying of properties located in Delhi NCR.

The demand of buying properties in Delhi NCR is becoming so much popular that even NRIs are showing interest to invests their money by buying in residential property in Delhi as they know that would get good returns in long term.  They are trying to seek the assistance of real estate agents to achieve their purpose of investment. But realization the benefits, investors are now shifting their search online and connecting directly to the builders or property owners.

Realty websites indeed help buyers or sellers in making crucial decision while buying or selling a property with updates on realty market. The buyers or sellers can even collect the price trends with specific to locality and find better deals.

Individuals who are first time home buyer and willing to buy their dream house with the hard earned money the wise way to start is to collate information on realty market with the help of property website.