People are questioning what is the advantage of having proximity to dwarka. We all know that RE is all about location and area near to delhi always have a much better price.
Builders are buying land at a price more than 10 cr per acre as they understand the area potential as compared to common people like us ( with some exceptions).
The new land acquire policy also have a clause that govt can acuire the land for express highway so I am confident dway will come up in 2-3 years time. The sector roads will be ready in 4-5 years.
The investment at this price will not fetch high returns but we can still invest for end use.
DLF and unitech are not very active in new gurgaon but they have land in the area and will launch the projects when they see tangible development in the area.
Some members are born to oppose the dway and day by day they will be forced to change their opnions when they see the development on ground. They have raised the following objections and were back footed.
1. No tender for dway- Tender released, awarded and work started
2. Road width only 42 m- The land being acuired is for 150m+30m.
3. No roads- Road tender for sectors 99-115 is relesed. These sectors will be developed first rather than 8x and 9x.
4. Litigation- Progress is slow but steady
5. Reputed builders- All reputed builders have interest in the area
6. delhi side road- Tender expected in Q2-2012
Comment