Have not invested in even a single project on the Dwarka Expressway, since i feel projects there would take up 8 years or more to give appreciable returns, psf may double in 8 to 9 yrs. Not worth taking the risk, better put that money in a FD, with any bank.
Not sure about the comments of Gaurav on North versus South Gurgaon. What area the projects on NH8 ie. Sectors 77,81,82,84 etc. fall in ie. North or South Gurgaon.
Please comment
Quote:
Originally Posted by gaurav_chugh
Hello All,
Even I was very much interested by the impressive facts given to me by the broker. I was about to make the cheque payment .... and Just in time I consulted the same from one of my relative a very senior HUDA executive (retired) and now working with a real estate major.
1. Dwarka Expressway is on a very slow track and there is hardly any possibility for it to be completed by 2021 and the same is true about the metro also.
2. Even if it moved on a fast track. This is a day dreamer type of scenario from HUDA which is not even backed by NHAI or delhi government. Even if HUDA does it part promptly, Delhi government after commonwealth games would neither have energy or funds to execute such ambitious projects. It going to hibernate for some time after doing so much of work. Hence he was of view that the Express way will end up at gurgaon border and the 3 KM streach from gurgaon to nagafgarh road is not likely to be constructed easily.
3. That part of the Gurgaon lies on the bank of railway track and there are many small establishments and colonies aroud the track which are pending for regularization and most probably would be regularized by 2012. so this appartments would be surrounded by that stuff.
4. The DLF part of gurgaon is at a premium because of proximity to South delhi where there is not much space left (south delhi) and hence is quoting around 1/3 - 1/4 of the land prices as compared to south delhi (which are 3-4 lacs per sq. yard and in gurgaon 80000- 1.2 lkh / sq yard) If we take these stats 1st of all there are ample flats lying vacant in Dwarka and also 9000 acres of residential land to come up for phase 2. going by that factor anything above 3200 per sqft with good connectivity looks to be expensive.
5. There would always be a divide in North Gurgaon and South Gurgaon in terms of property rates and it is in North Delhi and South Delhi and hence the rates in North gurgaon in future wont be more that 40-50% compared to the rates in South gurgaon given that both have same sort of locality and surroundings.
I got discouraged by these stats and for now i am not going for this project but would be looking for something around Faridabad road... even if I have to settle for a 2BHK instead of 3.
Your view folks?
Rgds,
Gaurav
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