News: Top sectors of Dwarka Expressway to invest in 2017-08.01.2017
Top sectors of Dwarka Expressway to invest in 2017
Delhi/NCR
Looking for better investment options in 2017? Search no more. The Delhi-NCR market has several emerging investment hotspots or growth corridors which will enjoy infrastructural benefits. New projects along these corridors will be offering modern amenities along with units in all budget ranges. So, irrespective of whether you deal in low, mid or high-segment properties, these markets have something for every investor.
In Dwarka Expressway, based on home buying demand, following are the sectors which have been preferred most by consumers:
The home buying tendency follows closely with the renting seeking tendency on the corridor as all the localities which have high rental demand will give better returns to owners and hence more people will be looking to buy in these localities. Consequently, six out of the top ten localities by consumer searches for buying a house are in the top ten localities by consumer searches for renting in a house. The property prices available in the corridor are reasonable and provide potential return on investment.
As most of the recent demand is driven by end use rather than investment, the buyers are looking for bigger apartment types in the market suitable for living. As a result, the dominant BHK type for both buying and for renting-in is the 3BHK units, followed by 2BHK units.
Noteworthy is the fact that the demand for 4BHK units and above is more than the demand for 1BHK units, a phenomenon rarely witnessed in the other geographies of the country, and reinforces the preference of bigger apartment sizes by buyers in this market here.
The corridor offers a wide variety of price ranges, although most of the apartments in the region are in the mid segment. More than 50 percent of the residential supply is priced between Rs 40 lakh-Rs 1 crore. This supply is concentrated in the middle of the expressway.
Dwarka Expressway is relatively new compared to the rest of Gurgaon market, and almost 80 percent of the supply here is still under construction. This is also partly because of the construction delays faced by the projects here over the last 2-3 years. Overall, the market is tilting heavily towards 3BHKs, which form more than 50 percent of the total supply, followed by 2BHKs, forming another 30 percent. 4BHKs and above forms another one eight of the corridor’s supply, leaving just 5 percent for 1 BHKs.
Upcoming investment hotspots in Delhi NCR
Other hotspots with good potential which should hold your interest are New Gurgaon, South Gurgaon, Southern Peripheral Road, Noida Expressway, and Noida Extension.
Keep a lookout on the availability, price trends, infrastructural developments and government approvals if interested in Dwarka Expressway. The potential of the area is high and the options available are unmatchable.
