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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

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NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

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  • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

    Originally posted by BlessU View Post
    hi
    Greetings

    Many theories will be propounded even for delhi side land bank off loading of projects to gullible investors.. I am in absolute agreement that the builders will suck every penny out of investors.

    Like I said, Delhi projects may open with a gap.. Realistically, west delhi unauthorised colonies converted to authorised areas are retailing above 10000psf for builder floors.

    Data about the high investor participation on dway can be had from any good broker and there is nothing in it to be proved.. Still a lot of dway inventory is yet to be offloaded and more than 50% is still unsold.. majority of remaining 50% lying with underwriters, large brokers and investors which will definitely come in resale sooner or latter.

    The prices of 8x sectors are not moving is correct.. even dlf had to lower its ambitions in the ultima case from 10K to 7.6K.. DLF NTH RTM is available in sufficient quantities between 4.2K-4.8K

    All depends on how fast the area becomes connected/inhabited and several other factors

    Cheers
    I expect the new areas to open at a discount of 25%-30% to Dwarka. Not familiar with Dwarka prices but if Dwarka is at 12-15K, then expect these areas to launch at around 9-12K. And the Delhi mentality still is "Dilli, Dilli hai" - so expect these areas to see a lot of investor and end user interest.

    Floor price is not a benchmark in Delhi for these apartments because floors comes with 1/3th or 1/4th right to underlying land, for which people are willing to pay a premium- although God only knows if and how these floors owners will come together to reconstruct when the building turns old.

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    • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

      Came across this website which seems to have a lot of info

      MPD-2021 | Delhi Masterplan- MPD 2021

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      • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

        Land pooling is not that easy. simillar kind of policy named as Cluster Development Policy is there in Mumbai since last 6 years but no developer could do land pooling in last 5-6 years. In delhi also it will take huge time(may be more than 10years) and by that time DEW might be something better than what we see today as 10 years is huge time to develop any area.


        Originally posted by winterchill View Post
        I expect the new areas to open at a discount of 25%-30% to Dwarka. Not familiar with Dwarka prices but if Dwarka is at 12-15K, then expect these areas to launch at around 9-12K. And the Delhi mentality still is "Dilli, Dilli hai" - so expect these areas to see a lot of investor and end user interest.

        Floor price is not a benchmark in Delhi for these apartments because floors comes with 1/3th or 1/4th right to underlying land, for which people are willing to pay a premium- although God only knows if and how these floors owners will come together to reconstruct when the building turns old.

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        • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

          Originally posted by Nilesh Dhore View Post
          Land pooling is not that easy. simillar kind of policy named as Cluster Development Policy is there in Mumbai since last 6 years but no developer could do land pooling in last 5-6 years. In delhi also it will take huge time(may be more than 10years) and by that time DEW might be something better than what we see today as 10 years is huge time to develop any area.
          Hmm...so the question really is whether the farmers will pool their land...or whether the builders have already acquired the contiguous agricultural parcels and the policy will allow them to pool and launch projects - I suspect its the latter. People have been buying in these areas for the last 2-3 years. Also land pooling in an already developed city would always be challenging, as opposed to pooling agricultural land.

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          • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

            Originally posted by winterchill View Post
            I expect the new areas to open at a discount of 25%-30% to Dwarka. Not familiar with Dwarka prices but if Dwarka is at 12-15K, then expect these areas to launch at around 9-12K. And the Delhi mentality still is "Dilli, Dilli hai" - so expect these areas to see a lot of investor and end user interest.

            Floor price is not a benchmark in Delhi for these apartments because floors comes with 1/3th or 1/4th right to underlying land, for which people are willing to pay a premium- although God only knows if and how these floors owners will come together to reconstruct when the building turns old.

            Now this mentality is no more valid for areas in and around dwarka, rohini, yes this still persist for south and central delhi, and they really deserve it.

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            • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

              delhi will become cheaper than NCR ( literal translation )



              http://www.gurgaonscoop.com/delhi-wi...eaper-than-ncr

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              • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                Originally posted by kinjalchato View Post

                Nahi Hogi ...
                __________________________________________________ __________
                It is better to be blind than to see things from only one point of view

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                • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                  15 Lakh more people will become rich, excluding babus, politicians, builders and brokers!

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                  • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                    With such density (approx 120 flats per acre) it would be similar to Noida Extension. Seems most of these flats would be for weaker sections. Delhi could lose its premium and a day may come when Gurgaon is priced well above Delhi. During Shiela Dixit's reign North and West Delhi have gone from bad to worse.

                    There is no development at all and most slums from East Delhi have shifted to North and West Delhi. If you want to have a glimpse just drive on Nangloi- Najafgarh road. It is worse than most Bihar roads.With these slums and unauthorised colonies there may not be great planned development.

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                    • Re : NPR - Northern Peripheral Road, Dwarka Expressway, Gurgaon Updates

                      1. If developers are free to buy land, and people are free to pool the land, I think this 3 year limit is after the granting of license, which is almost everywhere. Lets see when the first project reaches the licencing stage. Or is it government aquaring land and auctioning then yes they can enforce this.

                      2. Is Delhi land going to be cheaper than Gurgaon, and cost of construction going to be less over there. Or phylanthropic delhi based developers would build cheap flats by some means, or suddenly NCR based developers will forget and cannibalise their business in far off Gurgaon, GNW, GN, Noida business.

                      3. Would they sell a Puri Diplomatic, Enigma, Primanti, Revanta for 4k psft in Delhi.

                      4. How many folds DDA is efficient, and hell bent towards the public cause than say a HUDA, GDA, NA to churn the infra out in next 3-4 years.


                      Dilli abhi door hai yaha pe, pehele land pool hone do, project planning, saare licences after that a few projects launched at lower prices in no mans land to start the heat, then slowly as prices go up others will follow.

                      These flats are at least 10 years away, looking at for how many years DMP 2021 is on the table.

                      Lets open another thread for this or discuss there if already exists
                      Last edited by agvinod; April 25 2013, 07:34 PM. Reason: new thread

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