A lot of companies are advertising for property citing nearness to Dwarka expressway corridor.

Shilas, Indiabulls Centrum Park and Ramprastha Edge Tower come to mind.

Does anybody have news on when this construction will start and when it is likely to finish? Has the contract been awarded and to whom?
Date of completion and start of operation will be vital news for evaluating the pricing of flats sold in this corridor.

Last I heard was that a few houses in Palam Vihar were slated for demolition for this expressway in May June 09 or thereabouts.
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  • Originally Posted by khurafati
    Ah! so 'NAME' & 'NO OF POSTS' is the only counter left among LOVERS of DEW.

    Rather then worrying about my MOTIVE, educate people what were the motive of CHEERLEADERS of dew who are senior/veteran members with 1000's of posts to their credit when they were clamming prices to be double//triple in couple of years time.

    100's of posts/replies of 'SENIOR/VETERAN' members in different threads years back clamming ATS project to reach 10k & puri diplomatic greens to touch 15k were with what MOTIVE?

    People who had invested in PROJECTS like heartsong/greenopolis etc sitting on losses even after so many years.

    On the very first page of this thread itself a VETERAN MEMBER with 6500 posts assessing metro to be operational by 2015? were that posts done with any MOTIVE?

    2015 is here where is METRO? So called DEW isnt even completely free of litigation leave aside it to be build,operational & metro running parallel to it.NO BUYER for puri's & ATS at 7k & 5k levels and same people here selling their same old ridiculous dreams

    - 6 months mai YE ho jayega & itna APPRECIATION ho jayega
    - 12 month mai WO ho jayega & itna RETURNS milenge.
    - 2 saal mai DEW ban jayega aur prices double ho jayenge.

    SAME OLD BULLSHIT which they are propagating since last 7 years & if my POST was with any MOTIVE then all these people who are TOM TOMING about DEW since last 7 years & are proven wrong in all their assessment might be BROKERS/LOBBYING FOR BUILDERS/INVESTORS stuck with their investments.


    Khurafatiji - I dont want to address the other points of mud slinging here, but you have made some important points that can be discussed.

    Yes, In 2009, many believed that metro would be coming here, but no, Metro hasn't materialised yet. DEW was supposed to be ready in 2010, but as we know it's still in the works. Litigation in this misplaced democracy is a bane. Vote bank politics and builder lobbies, govt. acts like a mafia, judiciary has double, triple standards. Nobody has a common minimum programme that has the development of the country in their vision. 5 years of UPA from 2009 has maintained the stalemate both from the Centre and the State. Nothing had moved in Gurgaon in 5 years, except the builder lobbies, black money launderers, property flippers, punters and speculators who have unreasonably hyped RE market. So projections of many people fell flat. We cant do anything about it. We make many decisions in life based on certain calculations and they often turn over the other way. If we all knew what is the right time for everything, then none of us will be writing on blogs here.

    If the DEW had come in 2010, metro would have either come by now or work would be underway. So there need to be no Motive behind people expecting development in a area based on confirmed announcements from the government and approved master plan documents.

    People have doubled or tripled their money in the last 3-4 years on DEW. I personally know many people who have made over 500% gains on their investments. if you had entered a good project at the right time, and exited before the market downturn started, you have already doubled or tripled your money. You can do your math with any project at launch price (between 2009-2012) and exited by mid 2013. If you have not exited then you should hold your bets for a longer term for the market cyclicals to reverse. But this is not peculiar for DEW, infact most other micro-markets in the country during this time frame will fall under the same bracket.

    As investors or just plain human beings, we make our bets in life, some turn out right and some don't, and some are super exceptionally good or bad in a given timeframe. There are very few bets that we make that are always right or always wrong. The entire RE sector is in a slump and might be the same way for the next 2 years. So, if projections had gone awry its the same for the entire region and the entire country, not just for DEW. Pls. put your honesty hat and evaluate the other region of NCR that you have referred in your post and if possible give us some glimpse of your super right calculations. May be you are right, then congratulations to you on your right choice, but I have never seen a winner mocking at others.

    If I bet my income and efforts and emotions on my child becoming some big guy in future, I neither do it with a motive nor do it feeling stuck with the child. This is how end users feel about their investments and promoters about their companies. speculators and Punters on the other hand only think about the next exit, news or sentiment where they can make money and flee. There are different fundamentals for long term investors and speculators. There may be situations where one may look like a fool, but given the right timeframe and discipline, there is more chances that the LT investors makes more money than the speculator.

    Your intentions may be right in guiding would-be investors to be cautious, but the route you have taken in trying to establish a case for that, could have been better.

    P.S. I dont believe that we need 100s or 1000s of posts and tags like senior/veteran to make a good point. All you need is the right intention and intellect.
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  • Guys for metro on paper , there has to be a minimum population in the area, forget about metro atleast for 3 years and then 3 years to be actually built .. Yes if few had operational still metro would not have come till now because it needs a min population to cater so that plan can be approved .. It has nothing to do with the area , it's basic requirement is habitation which is 3-4 years away so no metro running till 2021 ; GCX has a proposed metro line but no work started because of no population yet
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  • Sir - You are absolutely right about the passenger numbers for the metro. But lets look at it like this. If DEW been operational, from 2010, a huge number of projects would have been delivered, commercials put in place and huge number of people would have moved in into the area in the last 4 years. Thats the reason why I would say, that if the DEW had come in, Metro would have at least started their leg work, if not operational. But yes you are right, I dont personally see th metro operational within next 5 years. If DEW comes in 2 years, Metro may get approved as people start moving into the area. Looking at the apartments on the DEW, numbers are likely to be big and also there is a lot of builder politico lobby which will bat for the metro. So pressure will be good for the metro to come within about 3-4 years of the DEW becoming operational.

    For eg. lets take the Noida - Gr. Noida NMRC metro beyond sector 70 (which is anyway part of the DMRC network) the crowds are thin, but the potential for the passengers upto Pari chowk is the big mover and the Govt. push to demonstrate accessibility of NCR areas is a big mover. But if the projects are PPP, then definitely we will not see metro until passenger numbers are visible and committed.
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  • Khalsa Ji

    Why dont you comment on new members with 1 or 2 posts extol DEW and post on how their friends are buying? New member should not have an opinion or are they aliases??



    Originally Posted by Khalsa
    Another Dew lover sir, on very first post.:D BLAH BLAH and BLAH.
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  • I received this as my father is in IIT alumni. So, one of the alumni is starting this thing and obviously promoting it through various mediums.

    I posted it simple to post a point as to the supply that would hit us in the next 5-7 years and how DEW will be hugely impacted.

    If you search on the net, there are multiple details of similar CGHS.



    Originally Posted by JoBhiMain
    Jethro, could you please tell me about the details of the project? Is it a group housing project for specific set of people (defence / civil / or as u mentioned IIT alum)?
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  • Very sensible and balanced post, Bala.

    Again, who has been able to exit DEW and make 100-200% in the near past. In times of "tezi", 100-200% was a norm everywhere in Gurgaon, so wasn't DEW specific. People who bought in 2013-2014 are looking at serious wealth destruction as interest on 95% payment would keep piling up, builders would keep on procrastinating and more and more RTM would keep the prices real.

    BOTTOM LINE is:

    RE is in for tough times in general and euphoria with DEW is not with great foundations. When markets will pick up, they will pick up rather uniformly or atleast the RoI would be pretty consistent.


    Originally Posted by Bala2107
    I tend to agree with you. I think I mentioned in reply to some other post that there are all kinds of resale rates doing the rounds, but none make any sense unless a transaction happens at that price, otherwise its just a seller's demand. I am not so close to the market in the last 1 year since the market folded, but I just keep myself tuned to my brokers who call me from time to time with market news. It's possible that sales are not happening at these prices, but from what I gather, right now owners are holding on to these prices and not budging too much from there. It's possible that when a serious buyer approaches, they may come down by a few hundreds. I just dont know.

    yes there is no hoopla around at the moment, but there was gloom and doom around this area till last month, which kind of looks getting cleared. So that extent, there is some light at the end of the tunnel. But work is slow, market is weak. No doubts about it. But I tend to keep that as a fundamental. the markets did outdo themselves in the past 3-4 years and this lull was expected. no real harm in a technical correction of sorts. It will only let a healthy demand build up, based on real end users as opposed to punters and flippers that crowded the market a couple of years ago.

    Infact I would blame the flippers, for this asset price bubble which was not based on any ground level infrastructure development. They just wanted to make money and run. they were not really bothered about the real worth of the underlying asset. Now with end users in the game, properties that really deliver on quality, maintenance, infra and social amenities will dominate the show. This is a big positive that has happened to the RE market. You just can't launch/pre-launch or pre-pre-launch anything and get sold out in hours and then book again at a 40% premium to your last release. those days were insane. In a way I am happy about this correction, although I too lose in that deal but being a long term investor, I am not bothered about short term changes in the market.

    I think, in DEW historically, (if you take the base year at 2010-11 when most projects were launched) the growth has been phenomenal. Returns have been very good. Average launch prices had been around 3000- which are now selling at around 5000+, payments of around 90-100% have gone into these projects over the last 5 years. People who have booked out have also make a killing. Gurgaon especially DEW had been a flipper's paradise. They have all made 100-200% returns during the hay days. But that is expected in any asset class, if you are lucky to enter at the right time and exit at a right time.

    DEW will be a good long term play. give it another 4-5 years and see the change. Of Course, the govt. actions and development is a big variable. Growth from here is absolutely conditional upon actual development. But if DEW comes up soon enough with both sides connectivity, social infra will start following up. Schools, malls and markets are easy (as these are market driven). Public transport, security, power, water, sewerage etc. which are public utilities are my main concerns. Because the govt is involved in these. In one of my post earlier, I had written about my timeframe for these. 3-4 years should see these through and in my opinion by 2020 good 109/111 properties should be quoting at least 30-40% above today's pricing. Some projects which are undervalued (sub 5000) today may even show a 40-50% jump.

    Yes, there is no problem in people celebrating the recent developments which is a good news after a long uncertainty, but the next level of partying should be only when the DEW becomes operational. Till then its just a wait and watch game.
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  • I had made similar posts long time back ( one of them is quoted here ), but most of the members r afraid to acknowledge what could be in store in the future .


    Originally Posted by MANOJa
    Pricing is an important factor . I have always stated that launch pricing in almost all DEW Projects already have pricing factored in for a complete & running DEW . Delhi 2021 plan is bound to kill the over expectations from DEW/hype created by Brokers-Builder combine . Lets hope that DEW's numerous problems get finally resolved & it becomes fit for living with some sort of infrastructure - over hyped ROI being talked by some here is currently far away . Lets not misguide & lets talk facts . There have many positive developments on DEW in the very recent past, but Brokers here r looking to prematurely en-cash all the positive news .





    Originally Posted by JethroNull
    I received this as my father is in IIT alumni. So, one of the alumni is starting this thing and obviously promoting it through various mediums.

    I posted it simple to post a point as to the supply that would hit us in the next 5-7 years and how DEW will be hugely impacted.

    If you search on the net, there are multiple details of similar CGHS.
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  • Forget metro, where are the malls? Are there any schools announced or work commenced? Any upmarket social development like a golf course (I am talking concrete work started and not just upcoming/announcements) or a Galleria (any announcement?) or a DPS or Modern School announcement? Even after announcements, these things take atleast 4-5 years to be up and running.

    With a dilapidated and crumbling Old Gurgaon (strewn with villages) on one side and a MIG/LIG haven of Dwarka on the other, not sure of what the hype is all about? DEW is not a link between Janpath and Prithviraj Road.

    If I am an upwardly mobile young couple wanting to stay in DEW, where can I realistically go if I want to see a movie, eat at a fancy restaurant or just laze around in one of the micro-breweries with friends?

    And what can you do with a 130 metre road with no connection to NH8 and Dwarka on one side. BTW Dwarka is also bleeding when it comes to residential and commercial.

    My points are simply to impress upon people that nothing is going to happen in short term, it will take 5 years+.




    Originally Posted by Bala2107
    Sir - You are absolutely right about the passenger numbers for the metro. But lets look at it like this. If DEW been operational, from 2010, a huge number of projects would have been delivered, commercials put in place and huge number of people would have moved in into the area in the last 4 years. Thats the reason why I would say, that if the DEW had come in, Metro would have at least started their leg work, if not operational. But yes you are right, I dont personally see th metro operational within next 5 years. If DEW comes in 2 years, Metro may get approved as people start moving into the area. Looking at the apartments on the DEW, numbers are likely to be big and also there is a lot of builder politico lobby which will bat for the metro. So pressure will be good for the metro to come within about 3-4 years of the DEW becoming operational.

    For eg. lets take the Noida - Gr. Noida NMRC metro beyond sector 70 (which is anyway part of the DMRC network) the crowds are thin, but the potential for the passengers upto Pari chowk is the big mover and the Govt. push to demonstrate accessibility of NCR areas is a big mover. But if the projects are PPP, then definitely we will not see metro until passenger numbers are visible and committed.
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  • Originally Posted by khurafati


    2015 is here where is METRO? So called DEW isnt even completely free of litigation leave aside it to be build,operational & metro running parallel to it.NO BUYER for puri's & ATS at 7k & 5k levels and same people here selling their same old ridiculous dreams


    you've made a very strong statement that DEW is not litigation free completely. The general understanding is that all the legal hurdles r gone (at least I understood it that way) and DEW is set to b completed in a year or 2. Could u please elaborate on this? Will help the forum a great deal.
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  • Originally Posted by JoBhiMain
    you've made a very strong statement that DEW is not litigation free completely. The general understanding is that all the legal hurdles r gone (at least I understood it that way) and DEW is set to b completed in a year or 2. Could u please elaborate on this? Will help the forum a great deal.


    it has been well shared in earlier posts!
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  • Originally Posted by SilentObserv
    it has been well shared in earlier posts!

    Thanks for the reply sir. Maybe i joined the forum recently and might have missed that discussion. Will be a great help if you can summarize the actual result in 1-2 lines. Or it'll b even better if u can share the link to the relevant discussion page.

    Sorry for being a pain.
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  • Originally Posted by Bala2107
    Its about 6300-6500 BSP, but thats what I heard a couple of months back, from my advisor. At that point he said that the builder also has inventory which you can get deals on.

    Heard that Experion is a good developer with best practices in customer services, also they are FDI backed and with money for each project separately managed unlike many builders who take money for one project and spend on other projects or on buying land thereby threatening the project timelines.

    The location may be a good bet with green belt on one side and 75M road access. I was unable to invest in this as I had already exceeded my asset allocation to realestate.


    I invested in 3 BHK and 2 BHK in Heartsong from developer through broker a few months back at 6625 with 25 :: 75 PLP plan but now Developer is insisting on 6750 and 35 : 65 PLP Plan

    My experience has been that the Developer is quite professional and attends to any queries very quickly, just for your info

    Progress on construction is very good and I think the developer will deliver on time, hopefully ???
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  • Just my 2 bits of opinion gained from 4 decades of investing some wrong some right, Just to point out I am not an Indian Citizen (PIO) and live overseas but have invested in DEW as I believe that the higher the risk the higher the gain, and if you can sit it out then you will be well rewarded.

    Prices in DEW are depressed because of the uncertainty, but this uncertainty cannot last for ever and if you wait for it to clear you will not get a bargain.

    Nobody can predict where the bottom is but if you keep waiting you you will miss the boat, so if you have the means you cannot wait forever, No Risk no Gain. When things seem the gloomiest ( as some are saying now ) then that is the best time to invest
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  • Originally Posted by MANOJa
    I had made similar posts long time back ( one of them is quoted here ), but most of the members r afraid to acknowledge what could be in store in the future .


    With all due respect, where is the inventory that you and others prophesized 'long time back'. Frankly, its not even on the drawing board, the government has not even approved the plans. It will take years before even the digging for pipelines will start or the first street road is planned in the new 'DEAD' zones under the new Delhi master plan.

    Those who are trying to illegally sell the first few non existent apartments under the new master plan were advised by the authorities not to buy as it is very risky.

    The so called new inventory will take decades to come up and most possibly would be LIG housing for the masses who migrate to Delhi year after year and need affordable residential accommodation. Why would Delhi choose to build 25 lakh luxury or middle class flats, when there won't be enough buyers ?

    Not a single 'legal' apartment under the new Delhi master plan would be delivered before the next 10 year. And thus it would have absolutely no impact on Gurgaon in the next 10 years.
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  • Thanks for sharing but sorry, you call a builder professional when he has reneged on the basics of price and payment terms.

    What good is attending to queries?

    Sometimes I wonder we have ourselves to blame for builder's manmarzi.




    Originally Posted by nsd1445
    I invested in 3 BHK and 2 BHK in Heartsong from developer through broker a few months back at 6625 with 25 :: 75 PLP plan but now Developer is insisting on 6750 and 35 : 65 PLP Plan

    My experience has been that the Developer is quite professional and attends to any queries very quickly, just for your info

    Progress on construction is very good and I think the developer will deliver on time, hopefully ???
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