Dwarka Sub City Flats Prices : Real or Hyped ?

akundra_1609 · 09-28-2007

Hi Friends,

Currently the proces in Dwarka Su City are touching Everest like heights , this too when the occupancy is still 40 % & also still it is not a very "bustling" place like say Rohini . People say that prices in Dwraka are owing to the flats being held by Financiers & they are creating an unnecessary shortage when there is not . Now can somebody please suggest whether The prices of Flats in Dwarka are going to go even higher or gonna come down based on some theories floating around like :

01. There is some thinking at Govt end to make the Registration amount in porportion with the previaling rates whihc would automatically reduce the black money part & this would reduce the no of buyers (as the big businessmen who buy flats solely on black money) would get out of the buyers segment & so with reduced no of buyers automatically the financiers will have to rdeuce the price so as to make the flats saleable

02. Also , the opening up of lot of societies currently on hold by CBI would increase the supply & that also would result in dcerease of prices

Please Dear Friends suggest consdering all points as above - whether to wait or take decision now to buy property in Dwarka though not for investment purpose but for my " Zindagi Bhar ka Ashiana" but still i would not like to pay so high money now & then see the prices coming down.

Thanks !!!

PSibal · 02-28-2008

Prices will not come down one has to enter the market ASAP and go with some gut feeling. Just check the building physically , residents , distance from Sub way , floor details and take some risk. In a years time they would be 15020 % higher. I am speaking from my personal experience. Too much thinking and analysis resulsts in missed opportunity.

geronimo12 · 04-10-2008

Prices will not come down for sure! we all go through this phase in life when we wait for propety prices to slash down and regret later to see them sky rocketting!

ahirman · 04-30-2008

I support the posters which say that prices wont come down. Was there recently and a 3 bedroom society flat was upwards to 70 lac. DDA flats were in range of 60 Lacs. 4 Bedroom asking price was whopping 95 Lacs in some places.

It may stagnate there but the way it works in Delhi they wont come down for sure.

realtyrider · 4 Weeks Ago

With unavailability of land in rest of Delhi, Dwarka has become an apparent choice for real estate investment in the region. Out of the total of 29 sectors in Dwarka, 23 are almost developed and Sector 24, 25 and 26 are under development. Nevertheless, the opening up of 32-lane Expressway has remarkably linked Dwarka with Delhi, and the property values here have an obvious impact of the development.The Delhi Development Authority (DDA) has constructed 40,000 residential units under self financing, mega housing, HIG, MIG and incremental housing schemes. Special consideration has been given to the economically weaker sections (EWS) of society. A number of EWS, LIG and Resettlement Housing Schemes have been planned. There are about 20,000 DDA flats of which 8,000-10,000 are occupied. Among DDA flats 70 per cent are ready and are waiting for allotment.DDA flats in Dwarka are unrecognizable as stereotype DDA flats. In many sectors, they are built on the new pattern, are multi-storeyed with lifts, have coloured facades instead of the typical grey ones and have earthquake proof system. These residential properties defy the old low-quality 'mass housing' image of DDA flats.

09-28-2007	#1
akundra_1609 Junior Member Join Date: Sep 2007 Location: Delhi Posts: 2	Dwarka Sub City Flats Prices : Real or Hyped ? Hi Friends, Currently the proces in Dwarka Su City are touching Everest like heights , this too when the occupancy is still 40 % & also still it is not a very "bustling" place like say Rohini . People say that prices in Dwraka are owing to the flats being held by Financiers & they are creating an unnecessary shortage when there is not . Now can somebody please suggest whether The prices of Flats in Dwarka are going to go even higher or gonna come down based on some theories floating around like : 01. There is some thinking at Govt end to make the Registration amount in porportion with the previaling rates whihc would automatically reduce the black money part & this would reduce the no of buyers (as the big businessmen who buy flats solely on black money) would get out of the buyers segment & so with reduced no of buyers automatically the financiers will have to rdeuce the price so as to make the flats saleable 02. Also , the opening up of lot of societies currently on hold by CBI would increase the supply & that also would result in dcerease of prices Please Dear Friends suggest consdering all points as above - whether to wait or take decision now to buy property in Dwarka though not for investment purpose but for my " Zindagi Bhar ka Ashiana" but still i would not like to pay so high money now & then see the prices coming down. Thanks !!! Last edited by seuli : 09-28-2007 at 01:16 PM.

04-10-2008	#3
geronimo12 Junior Member Join Date: Apr 2008 Posts: 2	hi Prices will not come down for sure! we all go through this phase in life when we wait for propety prices to slash down and regret later to see them sky rocketting!

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02-28-2008	#2
PSibal Junior Member Join Date: Feb 2008 Posts: 4	Prices will not come down one has to enter the market ASAP and go with some gut feeling. Just check the building physically , residents , distance from Sub way , floor details and take some risk. In a years time they would be 15020 % higher. I am speaking from my personal experience. Too much thinking and analysis resulsts in missed opportunity.

04-30-2008	#4
ahirman Junior Member Join Date: Apr 2008 Posts: 2	I support the posters which say that prices wont come down. Was there recently and a 3 bedroom society flat was upwards to 70 lac. DDA flats were in range of 60 Lacs. 4 Bedroom asking price was whopping 95 Lacs in some places. It may stagnate there but the way it works in Delhi they wont come down for sure.

4 Weeks Ago	#5
realtyrider Senior Member Join Date: Apr 2008 Posts: 101	With unavailability of land in rest of Delhi, Dwarka has become an apparent choice for real estate investment in the region. Out of the total of 29 sectors in Dwarka, 23 are almost developed and Sector 24, 25 and 26 are under development. Nevertheless, the opening up of 32-lane Expressway has remarkably linked Dwarka with Delhi, and the property values here have an obvious impact of the development.The Delhi Development Authority (DDA) has constructed 40,000 residential units under self financing, mega housing, HIG, MIG and incremental housing schemes. Special consideration has been given to the economically weaker sections (EWS) of society. A number of EWS, LIG and Resettlement Housing Schemes have been planned. There are about 20,000 DDA flats of which 8,000-10,000 are occupied. Among DDA flats 70 per cent are ready and are waiting for allotment.DDA flats in Dwarka are unrecognizable as stereotype DDA flats. In many sectors, they are built on the new pattern, are multi-storeyed with lifts, have coloured facades instead of the typical grey ones and have earthquake proof system. These residential properties defy the old low-quality 'mass housing' image of DDA flats.