Digvijay

Dear Nibha,

A good address command a lot of premium.
Well to be more explicit South Delhi is one of the most posh areas in our country forget NCR.
Mayur Vihar was envisioned for the middle class people how ever the S. Delhi is more of higher class crowd, especially GK .
Coming to point made by some gentlement
Any part of Delhi will command premium over any part of Noida/GGN/NCR.
Comparison shall be relative. ( You can compare Sec 16 with Shadhra), in fact shadhra is also very expensive).

Gentlemen made a right point premium wise
South delhi>East Delhi>Noida.

Well I stay at Noida but this is a fact.

ajay_delhi

completely agreed
Noida can not be compared to Delhi

Senior members;
please do not give advice on your personal perspective.
many people are following you.

Venkytalks

But my dear friends, NOIDA will appreciate more than Delhi in percentage terms.

Entry ticket in south delhi is in crores. Builder floor for 3.5 Crores or so.

__________________
Venky

Rajat__B

There is always going to be a buyer for Maruti 800 but that does not mean you can compare it to a Ferrari.

Venkytalks

So why not think about the Maruti you can buy and stop dreaming about the Ferrari - which can only lead you to a life of crime

ajay_delhi

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)

Munish Malhautra

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)

__________________
MM

Venkytalks

Never bet against the capital city of a country.

luckysir

Coming back to topic, I strongly feel anytime is right time to buy property in Mayur Vihar or Vasundhra enclave...Both areas are 100% occupied, and unlike Noida ( where 1 Lac houses) are launched in past 1 year...there is no such good news for MayurVihar/Vas Enclave, and prices would not drop further...
DDA is expected to launch 15000 houses, approx 1000 houses near Akhshardham ( CWG flats). But its expected rates are RS13000++ per sqft. So, no price drop is expected as CWG houses are altogether for different set of consumers.

tanisha001

To me, Anytime is a good time to buy property in delhi or NCR. I am mainly talking about free hold and not builders. Most of the builders are suckers. In my experience, In aggregrate, delhi property always rises. I never seen prop. value going down in my last 35 year experience.