Dwarka Real Estate Market
In past couple of years Dwarka property market has seen tremendous growth. With the inception of metro line in Dwarka, the city is easily accessible from prime locations of Delhi and now with extension of Delhi metro line to Noida people are enjoying close proximity to Delhi-NCR region. Apart from that its closeness to Indira Gandhi International Airport and well connectivity to other regions of Delhi, wider roads, big marketplace are some of the reasons why people prefer to settle down in the city.
Many big and small real estate players are busy investing in a property in Dwarka as it is offering good return on investments. Although city has developed a lot in terms of better infrastructure, improved lifestyle, better connectivity, many new projects are in pipeline and are expected to contribute in overall development of the city. Among new projects is Uppal’s Metro Park at located at Sector 3 which will be spread over 5.4 acres. This luxury township will have 2BHK as well as 3 BHK ranging from 1000sqft to 1800 square feet. Other than this, Ramprastha Flats at Dwarka Expressway which will have basic amenities like Hotels, Hospitals, Shopping Malls, Golf, Multiplex, Club (golf swing training), Schools, Hotels, Hospitals, Post Office and Temples, are other projects to be developed in the area.
The total occupancy rate has also increased in the city as earlier it was quite easy to find flats in the city. But now with more people moving to Dwarka, property prices have increased due to scarcity of residential property. There are total 29 sectors in Dwarka with each sector of about 81 hectare in size. These days, sector-16a and 17a are emerging as hot areas and these sectors are soon expected to come with many new universities and colleges. The city has already housed a premier engineering college i.e. Delhi College of engineering, so not only working professionals but students are also looking for accommodation here.
Dwarka has not only seen boost in residential property sales in the last few years but prices of commercial space have also skyrocketed. Till now, the commercial hub in Dwarka was at sector-6 and sector-10 but now areas like Ashirwad chowk are coming up and the city is witnessing major retail boom. Also according to a report, commercial area of the city will be developed around Metro Railway line (MRTS) in linear form.
Amongst other upcoming projects in Dwarka are seven sports complexes out of which one is functional, Exhibition and Convention Center at secotor-24 by DLF, several five star hotels and seven hotels are also expected to come up before 2010 common wealth games, diplomatic enclave will house embassies of at least 39 nations. Apart from that, DDA (Delhi development authority) will come up with around 900 flats in Dwarka. According to a report, number of new technologies will be used in this mega housing project and for these 900 flats, 40,000 registrations have already been made.
Neha Chawla writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estateindustry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property in India, browse through Dwarka Real Estate and Properties. Article Source:http://www.articlesbase.com/relationships-articles/dwarka-real-estate-market-1511129.html
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