himanshu_pec

Hi Guys,

Any updates on the development of this area. Will it be liveable in next 2-3 years.

Venkytalks

No, 5 years minimum

himanshu_pec

Ohh. 5 yrs a long time. How about the appreciation of property in that area?

Venkytalks

Nobody can predict. Good area for a 15 years investment.

But Raheja is keping location premium with himself, pricing is high.

Although I have invested in this area myself, I feel Sohna Road and Golf Course extension area are better - same price properties are coming and appreciation will be quicker as well as rental income will be better.

Dwarka expressway is more long term and one should pay less price

himanshu_pec

Thanks for the information.
I have invested in Vedaanta keeping in mind the location being close to Delhi.
Do u think this area will appreciate to 3500psf in next 2-3 yrs?
IS Re-sale possible in this project?

himanshu_pec

I have myself invested Vedaanta keeping in mind the proximity to Airport and Delhi.
What do you think about the appreciation in the next 2-3 yrs.

Venkytalks

I was wrong about the last LS elections, did not invest in March 09 stock market. So I dont believe my own predictions.

What will be upside in Vedanta? I cannot predict in 2-3 years. But fantastic returns long term, no doubt.

I doubt that you will be able to sell your allotment - oversupply is too much.

Returns at completion (I expect 4 years away) will be maybe 20-30% in 4 years.

A bank FD will give you same returns I suspect.

Or I could be wrong :-)

himanshu_pec

Hi,

Thanks for the information.
Do you think it will take 4 more years for the project to be completed?
I am optimistic that by 2011 end it should get completed.

I am looking for long term returns... so lets see how it shapes up.

Thanks
Himanshu

abhay1991

2011 passed expressway not yet 5 % COMPLETE