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.

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!

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Capital's second diplomatic enclave in Dwarka	arun	Delhi	3	09-26-2007 06:49 PM
Legalities involved in combining two flats in Bangalore	RajeshBP	Property Laws	2	08-20-2007 03:39 PM
High prices impact flats for re-sale	abhi	Real Estate Updates	0	05-07-2007 11:10 AM
High prices impact flats for re-sale	John	Mumbai	0	05-05-2007 11:53 AM
Airport upgrade jacks up realty rates in Dwarka, Gurgaon	mohan	Delhi	1	02-23-2007 09:04 PM

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: 4	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.