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Airport upgrade jacks up realty rates in Dwarka, Gurgaon

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Airport upgrade jacks up realty rates in Dwarka, Gurgaon

Last updated: February 23 2007
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  • Airport upgrade jacks up realty rates in Dwarka, Gurgaon

    Sonia Gandhi having laid the foundation stone for the revamped Delhi airport last Saturday, the ball has been set rolling for the first modern, international-styled airport in the country. But, what has also been set rolling are the real estate rates all around. According to experts, a 10-15% rise in rates has already been registered in areas near the airport like Dwarka as well as Udyog Vihar, DLF Phase II & III in Gurgaon.

    In fact, apart from Gurgaon and Dwarka, the increase in property rates has already started happening at farmhouse colonies like Westend Greens, Pushpanjali, Vasant Vihar and Shanti Niketan in South Delhi.

    The modernisation of the airport has also added to the image of the areas around it, especially Dwarka. “The airport revamp has added to the sentiment of the area and has become a selling point for real estate developers and dealers alike. People’s point of view too has changed and most of them, especially foreigners now want to live in close proximity to the airport.
  • #2

    #2

    Re : Airport upgrade jacks up realty rates in Dwarka, Gurgaon

    Mohan,
    when we talk about South Delhi, lets not forget the upcomming Faridabad. I am 100% positive, that Faridabad will also reap the benefits of the international airport makeover. Lets see what happens.

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