Where can I buy apartments for under INR 50 lakhs in Delhi NCR?
Noida and Greater Noida have good options for affordable properties. You can invest along Noida-Greater Noida Expressway in Sectors 92, 93, 137 and 143 and Sectors 70, 71, 74, 76, & 119 in Noida at an average price of INR 3500 per sq. ft. Similarly sectors 34, 37D, 57, 86, 92, 102 and 103 in Gurgaon offer cheaper housing units. Faridabad has a number of such projects mostly at sectors 15, 28, 30, 31 and 37. NH24 is the affordable housing hub for Ghaziabad. You can look for properties in localities such as Vaishali, Indirapuram, Kaushambi and Crossings Republik.
Which are the top emerging regions for investment in Delhi NCR?
A few residential corridors that one can invest in NCR are Sohna, Yamuna Expressway, Faridabad, Neemrana and NH 24. These are upcoming pockets of investment and buyers will reap benefits in the next few years. Sohna shares close proximity to Gurgaon and the price bracket is also lower. Faridabad is said to be the next big thing in NCR real estate. There are many upcoming infrastructure projects which have given a positive push to the real estate sector. Similarly Yamuna Expressway has also been a key development zone with a number of industries pushing the demand for residential real estate. NH24 and Neemrana have low entry points today. A buyer ready to bear the financial pressure of a long gestation period can look at investing here.
Where can you find homes for under INR 50 lakhs in Gurgaon?
The few areas where you can look for such properties are Sector 37C, 84, 90 and 92. Although Gurgaon is mostly consists of premium and mid segment housing, these localities offer affordable housing projects in the region. Projects in these sectors are all priced under INR 5000 per square feet. Sector 37C in particular has a proposed metro station 4 km away from the locality. Sector 84 in the other hand shares close proximity to Manesar driving the real estate market here. These localities mostly consist of bigger multistoried and gated community projects.
Where can I look for cheaper apartments or flats in Noida?
Noida offers many choices for different segments of buyers. If you want to make a worthwhile investment in Noida, then you can consider Noida Extension, Greater Noida West, Sector 76 and 137. These localities offer housing options for an average price of INR 4000 per sq. ft. Similarly there are a few other localities you can look at, including Sector 73, 50, 61, 92 and 93. These regions have low entry points and are developing at a fast pace too. Top builders have invested in multi-storeyed apartment projects in the region and are transforming the Noida skyline.
Which are the top localities to invest in Faridabad?
Faridabad is the next big investment destination in NCR after Noida and Gurgaon. One must consider buying properties in Neharpar, Surajkund, Green Valley, Dayal Basti & NIT (New Industrial Town). These localities offer good price appreciation and rental values. You can invest in Neharpar and NIT for under INR 4500 per sq. ft. today. Green Valley comes at an average capital value of INR 5700 per sq. ft. The other localities have shown a higher price value considering the rapid development and connectivity. Properties in Dayal Basti and Surajkund are between Faridabad INR 7000 to 9000 per square feet.
What are the top premium localities in South Delhi to invest in?
Expansion of Delhi NCR has resulted in a minor drop in the prices of properties in top localities of South Delhi. Considered to be a posh residential market, South Delhi localities such as Hauz Khas, Saket, GK-II, Safdurjung Exclave and Kalkaji have seen a drop in prices in the range of 1 to 7% between July and September 2014. This is because the HNIs today are looking to acquire parcels of land as investment in other regions in NCR for investment purpose. The gradual price drop will attract the interest of buyers looking for properties in South Delhi.
Should I invest in a luxury apartment or villa in Gurgaon?
Gurgaon is a stronghold of the luxury real estate segment. However whether to invest in apartments or villas is a million dollar question considering aspects like resale value, rental options etc. On the one hand Gurgaon has a wide range of apartment projects and a limited number of villa projects. If you are looking for a property to live in, then you must look at villas in Gurgaon. Builders offer amenities and facilities which they don’t in apartment projects. If the investment is purely to earn revenue, then apartments should be your top choice. One prefers apartments to villas as far as rentals are concerned.
Which are the cheap rental areas for working professionals in NCR?
Noida Sectors 2, 16, 16A, 18 and SEZ have a high concentration of industries and offices. If you are looking at localities where you can rent a home close to these spots then you can look at Sectors 15, 19, 10, 27, 29, New Ashok Nagar and Barola as your options. Rental values in all these areas range from INR 5000 to INR 18,000 per month, depending on the area of the flat and amenities offered. Similarly if you work in CBDs (Central Business Districts) like Connaught Place and Janakpuri then you must look at properties for rent in Paharganj, Shadipur, RK Ashram Road (for Connaught Place) and Vikaspuri ( for Janakpuri) respectively. Here also you can find apartments ranging from INR 6000- 18,000 per month. Yamuna Expressway shows similar rental price trends too.
Where should I invest in plots in Ghaziabad?
Real estate activity in Ghaziabad is mostly along NH 24 and NH 58. The region shares close proximity to Delhi and that is why there has been a growing demand for residential properties here. Metro connectivity has enhanced the property market in Ghaziabad. If you are looking to invest in Ghaziabad you can consider zones close to metro stations. There has been a lot of developmental activity in regions like Raj Nagar Extension, Govindpuram, Bapundham, Madhuban and Morta because of the metro rail connectivity. These localities are ideal to invest in plots because of availability of land and future appreciation prospects.
Where I can buy residential apartments in Ghaziabad?
Ghaziabad is one of the top residential real estate destinations in NCR after Gurgaon and Noida. Connectivity to Delhi being the primary reason for rapid development here. If you are looking at residential properties to reside in then Vaishali, Indirapuram, Vasundhara, Crossings Republik and Kaushambi should be the top localities of your choice. Data shows that there are close to 3000 residential properties that will be up for sale in these regions by the year 2015. Average property price in the region is INR 6000 per sq. ft.
Image: ”Panoramic view of Greater Noida” by Him2586 – from one of the building of greater noida. Licensed under CC BY-SA 3.0 via Wikimedia Commons – http://commons.wikimedia.org/wiki/File:Panoramic_view_of_Greater_Noida.jpg#/media/File:Panoramic_view_of_Greater_Noida.jpg
Anupriya Dharma for IndiaProperty.com