I am new to this forum and i need your suggestions .. I am thinking of investing in a 60 meter plot in sector 29 of Rohini . The prevailing market price is between 80-85 Lacs .
To me ,the current rates seem very high considering there is no light , water , infrastructure in these sectors . The only structure that we see is the flats that came recently in the DDA Housing scheme 2010 otherwise its just a jungle at present(with few exceptions of constructed plots of various property dealers) . In the month of december 2010 these same plots were selling for 60 lacs i.e. 1 lac a square meter . The prices have escalated nearly 40-45% in the last 4-5 months .
Whats your say guys, is it worth investing there now and holding on for 2-3 years or shall i wait for the correction , is correction expected in these sectors , if yes how long you think it will take ?