Thread: Is it the right time to buy the property in Mayur Vihar / Vasundhra Enclave
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Old 22-07-10   #17
Munish Malhautra is offline Munish Malhautra
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Quote:
Originally Posted by ajay_delhi View Post
Gone are those days when property rate doubled in few years in NCR.
NCR grow because of cheap commercial space was available here in vicinity of Delhi international airport,and international costomers are not interested to journey further after International airports.

But Now
1.aviation industry is growing and flights to Tier-II cities are increasing.
2.Office space price is increasing in NCR.
3.Cost of live is increasing in NCR, so the operating cost of companies.
4.Unpleasant weather and law and order situation is worsening in NCR

will deaccelrate NCR growth.

Every Metro city has its cycle of growth and saturation.
Calcutta already faced it, Mumbai is facing it and now its time to NCR.(in next 5 year it will start visible)

If want to invest , invest in tier -II cities and live good quality life in a rented home in well located colony of Delhi.(where no power cut, no water problem, better security, good transportation, good healthcare are available)
Ajay,
i would agree with yu that we will not see prices jump the way they have been doing till 2008 but i totally disagree with you on other points.

Even though T2 cities are a good bet to invest, T1 cities will always get a preference. Dont forget most of the T2 cities are also over priced in RE for eg Pune/Ahmedabad in West, Chandigarh in North, Hyderabad in South.
Apart from Delhi and specific pockets of Noida and Gurgaon, growth is yet to be seen in NCR. Ghaziabad and Faridabad are still considered as poor cousins.

ALso whats the point of investing in a T2 city if u are going to stay on rent and pay a high rental. I will never invest in Jaipur for instance and pay 35K as rent in Delhi. Also i have sleeples nights worrying about encroachment and other issues.
Yes Kolkata in east gives a good investment option but i would still like to invest somewhere i can easily manage and access.

BTW which place in Delhi has no power cut and no water problem? (Infact u have yourself given an answer that T1 is better so stay there)
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