Real estate boom in Dwarka
Dwarka has become so popular because it has a lot going for it,according to the property and real estate agents.
There are a total of 29 sectors in Dwarka, out of which 23 are functional. Last year, occupancy was 20 per cent, but now because of the metro and the underpass, it has gone up this year to 40 per cent. If the CBI clears all the colonies, within a year it might further go up to 75-80 per cent. Many people are interested and waiting to get a place in Dwarka.
Within one and a half years, an ISBT will also start in Sector 23 of Dwarka. Well-planned townships, wide roads, big market places, close to the airport, and well connected to the rest of Delhi, because of the metro. In spite of sky-high prices, these are some of the reasons why so many Delhizens with deep pockets have opted to invest in Dwarka.
This, while the rest of Delhi remains cluttered with possibly no more land area available. A ten-acre fashion hub is set to come up at Dwarka. 'Dwarka becomes the best choice for tourists, 5 and 7 star hotels are also coming there. It's definitely going to become a happening place. There's so much land available there.
So what's in store for this township that was once considered back-of-beyond?
The future of Dwarka is good in the sense that the government has planned Phase II in terms of shifting some prime usage there.
Once the airport gets operational, that entire region of Delhi will become more prime than it was yesterday. So, if you are looking for some property, Dwarka is the place to head to but hurry, for plots are disappearing fast...!!!
News Source: ndtv.com - 09/08/07
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