In recent years, the real estate market of Dwarka has certainly seen a standard shift. Dwarka Property is witnessing a new trend in living the lifestyle, with tall buildings and commercial malls. Apart from residential apartments, flats the concept of integrated town also inaugurating Dwarka with many major players in real estate development projects engaged exclusively in this discipline. Dwarka Property rate has doubled in the last three or four years. At the present it is almost difficult to find a good residential property in less than 75 lakh rupees. The most important factor in pumping the housing boom of Dwarka is Delhi Metro Train, which has emerged as an significant matter of convenience for residents here. Before that, it was hard for residents to travel to remote areas, like cannaught place, south delhi and North Delhi.
Dwarka is the largest area in Asia and has a total of 29 sectors, of which 23 are working. If CBI clears all the residential flats in dwarka, you can climb to 75-80%. In Delhi, there are many people who are very interested in buying a property in Dwarka. And just only because of the Delhi Metro, Flyover and underpass of Dwarka. After some time, ISBT also come-up in Sector 23, Dwarka and it will also boom property in dwarka.
Dwarka has a great deal to offer its residents.
1. It is very close connected with the domestic and international airport.2. It has wide roads, large markets and shopping malls.3. It is well attached with major parts of Delhi by metro, DTC buses and very close to both South Delhi and West Delhi.
Another reason why Dwarka has witnessed immense development is that because of the scarcity of land in the rest of Delhi, has become an obvious choice for property development. Sector. 23 is almost developed and Sector 24, 25 and 26 are in development from the 29 sectors of Dwarka. Moreover, the arrival of 32 lanes, which is closely linked to Dwarka Delhi, and property values here have an optimal impact of growth.
There are about 350 Co-operative group housing societies which are presently operational and an average of 100 family are in a society. Dwarka Compared to other large colonies like Rohini, gurgaon and noida, one will find the apartments in Dwarka are much more expensive. A normal residential apartment and simple Rohini expenses around Rs 45 lakh while the same costs Rs 75 lakh in Dwarka. To purchase a residential apartment in Dwarka, people are selling their apartments in nearby societies and people want to live in an area with new construction, better social infrastructure.
The Delhi Development Authority has risen to 40 thousands residential units in the self-financing plans mega housing units, HIG, MIG and incremental. It has been planned especially to the economically weaker sections (EWS) of residential society. The delhi development authority has planned a series of early warning systems, LIG and Resettlement of homes in the area of systems. There are about 20 thousands flats in Dwarka DDA which are held from 8.000 to 10.000. Among all the DDA flats in Dwarka, over 70 percent are ready and we are expecting the award.
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