South Mumbai Market

South Mumbai lies at the southern corner of Salsette Island comprising city’s main business localities. It is the richest urban precinct in India. South Mumbai is located in between Arabian Sea on west and the Mumbai harbour on east. Many leading Indian and multi-national companies like the Reserve Bank of India, Bombay Stock Exchange are headquartered here. Its primary business districts are Fort, Worli, Nariman Point, Ballard Estate and Lower Parel. Chhatrapati Shivaji Terminus (CST) and Churchgate serve as headquarters and starting point for the Central and Western Railway lines respectively.
The area houses a significant proportion of prime upmarket residential neighbourhoods of Mumbai including: Peddar Road, Nepean Sea Road, [Kemps Corner], Altamont Road, Carmichael Road, Breach Candy and Walkeshwar Road, forming a sort of golden quadrilateral and includes some of the most expensive residential areas in the world, such as the Hanging Gardens, Kemps Corner, Cuffe Parade and Malabar Hill.
There has been a surge of landmark real estate projects which have come in and around Lower Parel, Mahalaxmi, Prabhadevi, Lalbaug, Parel, Curry Road, Dadar, Matunga and Worli, hence, consolidating South Mumbai as one of the most prestigious and costliest places to live in India.
Many distinctive sporting clubs have been an integral part of South Mumbai landscape like the Willingdon Sports Club, the Turf Club at Mahalaxmi Racecourse, the Bombay Gymkhana, the Breach Candy Club, the N.S.C.I and the Malabar Hill Club (Formerly W.I.A.A Club).
Byculla as a destination is showing a lot of developer interest. It is one of the upcoming locations in Mumbai. The attractiveness of Byculla as a destination is underlined by the fact that major developers of repute have their projects in pipeline at that location. Those names include Peninsula Land, Godrej Properties, Marathon, among others.
Although land reclamation has allowed the southernmost tip of the district to double in size since the 1970s, the business districts face an acute shortage of real estate. As a result, the real-estate prices are among the top ten world-wide. As a ratio to average per capita income, real-estate prices in the business districts remain the most expensive in the world.
The various factors affecting the prices can be summarised as below.
Growth Stimulators:
• Bandra – Worli Sea link.
• The proposed Colaba-Bandra-Seepz Metro.
• Significant commercial presence in Lower Parel and Worli is fuelling the residential property prices in South Mumbai.
• Presence of large mill land parcels that offer excellent open space with high end amenities.
Dadar, Prabhdevi, Parel, Worli, Lower Parel, Mahalaxmi, Wadala, Sewri, Sion, Byculla constitute South Mumbai. The average price in the area ranges between Rs 25,000 per sq ft. in Byculla to Rs 90,000 per sq ft. in Prabhadevi.

Is Mumbai a good investment region

The ninth most populated agglomeration in the world and most populous city of India Mumbai is constitutes up from seven islands which were home to fishing communities. Mumbai lies on the western coast of India, spreading across 437.77 sq kms. The population of Mumbai is 20.7 million as of 2011 and thousands annually visit this city, in order to make it big in their lives!  Mumbai is the financial, and entertainment capital of India accounting 25% of industrial output and 70% of maritime trade.  The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.

With so many people residing in Mumbai and more flocking the city on a daily basis, the cost for living in Mumbai is continuously rising. Suburbs like Andheri, Juhu, Bandra, South Mumbai, Powai, Goregaon are already overcrowded leaving a low prospect for further growth in real estate market. Average selling price in Andheri is Rs 20,000 per sq ft. With estimated selling price appreciation of 10% each year. Price in Bandra is around Rs 35,000 per sq ft with projection of rise 30% In Juhu it costs around Rs 35,000 per sq ft.

It is estimated that proposed International Greenfield Airport in Panvel would bring worth more than Rs 10,000 in real estate market. Multi lane expressways, various industrial corridors, Renowned Educational Institutes are fuelling the growth in Navi Mumbai real estate market. Ulwe, Panvel, Kharghar, Kalamboli, Belapur are some of the prime regions that falls in Navi Mumbai. .  Prices in this area range in Rs 4400-6000 per sq ft as of now, having very good prospects to shoot-up in future. The trend will continue as people will keep moving towards areas which are affordable and offer good standard of living. The area witnesses heavy demand from middle class segment working in Navi Mumbai belt because of its proximity and connectivity through BEST buses as well as through local trains. The area may see a good appreciation if proposed infrastructure gets into picture that includes metro rail, Greenfield International Airport.

Mumbai attracts thousands of people from over the country the real estate prices in suburbs like Andheri, Bandra, Juhu, has skyrocketed in the previous years. All the prominent Multinational companies have their commercial offices in these suburbs. The newly inaugurated Versova-Andheri-Ghatkopar stretch of the Mumbai metro, which has reduced the travel time from Versova to Ghatkopar from 90 minutes to 21 minutes along with improving the east-west connectivity, is expected to positively impact the Mumbai real estate market. Recently executed surface transport infrastructure projects like Santacruz Chembur Link Road (SCLR), Wadala-Chembur Monorail and the Versova-Andheri Ghatkopar metro corridor will project a significant effect on the adjoining real estate market.


  • Ghatkopar is most developed location.
  • Chembur due to its proximity to Eastern Express Highway and also to Western Express Highway emerge as a major promising market in real estate.
  • Major developers in the central suburbs include Runwal, Kalpataru, Wadhwa, Godrej Realty, Lodha, among others
  • The price in central suburbs ranges Rs 15,000-25,000 per sq ft.


Western Suburbs

  • Commercial hub of Mumbai
  • Major developers include K Raheja Group, Oberoi Constructions, Rustomjee, Kalpataru, Kanakia, Omkar, Sunteck, Oberoi, Rajesh Lifespaces, Hubtown, among others
  • The Bandra – Worli sea link has added value to the Bandra realty market
  • Goregaon is witnessing an upward momentum tracking the easy accessibility to the Western Express highway and the link roads like the proposed Goregaon–Mulund Link Road and the MUIP’s (Mumbai Urban Infrastructure Project) plan to start a Metro link from Charkop to Colaba
  • The price varies in the range of Rs 10,000 per sq ft to 60,000 per sq ft depending to the location.

South Mumbai

  • Apartments with good views of the city and the sea are also in good demand and command a premium
  • Major developers include Lodha,, Peninsula Land, Marathon, Ahuja, DB Group L&T, Bombay Realty, among others.
  • Bandra – Worli Sea link
  • Significant commercial presence in Lower Parel and Worli is fueling the residential property prices in South Mumbai
  • Price varies in the range Rs 20,000-Rs 60,000 per sq ft


Experts says that in the coming days satellite towns like Navi Mumbai, Klayan-Dombivali, Ulwe, Thane, Kharghar  will be the most attractive regions for real estate investment. Geographically  suitable location, Closeness to various industrial regions, connectivity to major roads, infrastructural development are the various reasons responsible for growth in real estate market in these satellite  towns. Real estate market in Navi Mumbai has witnessesed a growth of around 30% in the previous 3-4 years. So conclusively the satellite town like Ulwe, Kharghar, Kalyan-Dombivali and Navi Mumbai will be most promising locations to invest in the real estate market.

Land or Apartment What to Buy

In India, choosing over between properties is not a piece of cake. One should consciously invest in properties. Question comes which property to choose? A land or an apartment? There are a dozen of reasons why we should choose the either. But we often so get excited about owning your own property that every aspects looks fine. But it’s not the time to rush rather slow down. We should step back for some time and calm down our self because it’s a decision which will impact our overall family life and finances. And we should not be regretting it later.

Why land?

Land is always in great demand. Buying an independent land means autonomous choice to build a house depending on one’s own requirement and limitation. The value of land normally appreciates immediately due to zero depreciation on land. Also, land is better investment if we know for sure that we are going to get a good return. Land is usually ready for acquiring. Value of land will always grow with time. It never depreciates if purchased in good location. Land gives us a freedom to construct a house of our choice. It gives us freedom to make addition. But, in apartment, buyer has lack of freedom to change the shape and size of the construction area. It has no independent say to design things your way. It has limited space and there is less scope to make addition and the quality of construction is sometimes not up to your choice.

If you look on cost, land depends on size, locality and availability of space. And in apartment, its depends on locality, services, accessibility, size and design. The next benefits of land, if the investor wants to use the property for the personal use then land could offer good value appreciation in long term. As an investor is not required to hold the apartment for long term, it also diminishes the depreciation factor. Another problem in apartment that it could be make interest burden while one invest in multiple flats on a leveraged financial position at a time of slowdown in economy. But, in the land investor doesn’t need to worry in such cases.

Why apartment?

In today’s rising land price, it’s difficult to buying a piece of land to everyone, apartments have become a choice as well as compromise for some. Apartment is generally built by real estate developer or contractor who hands over to you the project to shift with family immediately. Living in expensive locality has become difficult these days as buying a piece of land in good locality is not within everyone’s reach. So, investing in apartment is a good option. The other benefits in apartments are that they come with luxurious facilities like good maintenance, parking, security, club- house, power back up, swimming pool etc.

Land has an advantage of assertive returns, but it usually needs investment in full and there is no choice of taking leverage on the fund hence overall return is limited. Apartments are very easy to buy and an investor can take leverage on its fund.

The next benefit of apartment is that things such as power back up, maintenance and security is taken care by the society. If we buy a land and built a house on it, we will miss these comforts unless it is gated community developed by builder.

Land generates a very low income if rented and sometimes it is difficult to occupy the land if the tenant pushes the property into litigation. But in apartment, they are ready to generate good income from the first day of taking the possession if it is given on rent. There is less chances of litigation with modern laws in place.

With different kinds of settlement, most people have started investing in apartment that are fully provided and ready to shift.


Both land and apartment have their pros and cons. So, as an investor it’s necessary to focus on one’s requirement and take decision, you can take help of Alive Asset for further research and advice. For personal use property, it is a good decision for an investor to buy a land whose value normally appreciates for a long term. And most importantly, land is a long term tangible asset that doesn’t depreciate and nothing can get stolen or destroyed. And, we can set up business firm on the land to make money while being the proprietor of the land.

Navi Mumbai-An attractive investment destination

Panvel, Ulwe, Kalmboli, Kharghar, and Belapur are the major suburbs to invest in Navi Mumbai. Closeness to International Airport, Industrial areas, proximity to Mumbai Pune expressway, SEZ, MIDC are various pulling factors to invest here in real estate. Apart from developed infrastructure the picturesque environment around the region provides icing to the cake.


The geographical position of Panvel makes it important site to invest as NH-4B, NH-17 connecting Pune and Alibaugh passes through it. Panvel is the most promising location among all the suburbs in Mumbai.

Closeness to various industrial areas like Taloja, Rasayani, Patalganga, Roha ,Khopoli guarantees the growth in real estate investment. Many important educational institutes like CKT College, Pillai College are located in the region. Location of Greenfield international airport is proposed in the region.

Mahalaxmi Developers, Paradise Group, Balaji Group, Symphony, Prayag Builders are some of the major developers in the area providing property in the range of Rs3500-4500per sq.ft.


Another site suitable for investment is Ulwe. Ulwe is the nod of Navi Mumbai, developed by CIDCO. The metro project of Navi Mumbai connects Ulwe prominently. Proximity to the proposed international airport, Seawood Uran railway line and a proposed trans harbour link from Sewri to Chirle village are the reasons to invest here. According to experts average 30% rise in the price has been observed in Ulwe.

Lakhani Builders, Mega Group, Tricity Realty, Bhagwati Group are some of the major developers in region. Prices in this area range in Rs 4400-6000 per sq ft as of now, having very good prospects to shoot-up


Located on NH4 and NH-17 Kalamboli is among the biggest iron and steel delivery centres in India.NH-4 divides the residential and commercial areas of Kalamboli. Good connectivity to Kharghar, Kamothe and New Panvel makes it strategically important site. The Site has a good number of 1BHK, 2BHK, 3BHK apartments having area in the range of approximate 550-1450 sq. ft.

The average price in this area ranges Rs.4700-Rs5500 per sq ft. R.K.Builders and Developers, Sarang Group, Omega’s Construction are some of the prominent developers in the region.


Located on the Sion Panvel Highway at a less than one hour drive from Mumbai, Kharghar is planned as a polycentric town along with mass-transport corridors. Kharghar is primarily a residential township, expected to have 14 such townships in near future. Closeness to the city, green surroundings, Central Park, Golf Course are some of the factors that led to the growth of residential projects in Kharghar.

Sion-Panvel highway connects it to mainland Mumbai. The Metro rail is under construction. Uran road connects Kharghar to Mumbai Pune Expressway. NIFT, ITM Business School, and many educational institutes are located. With many upcoming projects Kharghar claims to be the most developed nod of navi Mumbai. The major developers in Kharghar are Omega’s Construction, Karnani Builders and Developers, Adhiraj, Samyama, and Paradise Group.


Central Business District of Belapur is a nod of Mumbai.CBD Belapur is one of the fastest developing region in Navi Mumbai in terms of Residential and commercial projects. Thane Belapur Highways connects CBD Belapur to rest of the city .The Reserve Bank of India maintains a branch office at CBD Belapur. Major developer in the region are Ceturry21samyak, ShivLink Real Estae, Diamond Goodwill Real Estate Pvt Ltd, Manya Realtors.

NGT issue in Noida

Alive Asset tries to explain things from its base so when considering the NGT issue in Noida first thing that needs to be cleared out is what NGT is. National Green Tribune that is NGT is a body that was setup in October 18, 2010 under the National Green Tribunal Act 2010 which was made for effective cases relating to environmental protection and conservation of forests and other natural resources including all the enforcements of any legal rights based on issues related to environment, reliefs related and the compensation paid for any damage regarding person or property and everything related to this. It is headed by chairman and hobble Mr. Justice Swatanter Kumar is the present chairman of NGT.

It is a specialized body comprising of expertise’s to handle all the disputes involving multi-disciplinary issues. The Tribunal is not bounded by any of the procedure laid down under the Code of Civil Procedure, 1908 but it the principles of natural justice will guide it.

At present NGT is proposed to be set up at five places with New Delhi at its principle place and other four which are considered under this project are – Bhopal, Pune, Kolkata and Chennai.

In Noida, there are still several projects that are unsold from many years because of this NGT order which is forbidding authorities from registering any property which is falling within the range of that are ecosensitive. When talking about 6 months back one can easily notice the decrement in the registrations in Noida. The registration had come down by 30% and the main reason behind it is the NGT provision.

Noida authority had been barred by NGT from giving completion certificates to projects falling within the range of 10 kms from Okhla Bird Sanctuary but last year a draft notification issued by the environment ministry said that sensitive zone should be limited to 100 meter on 3 sides around the sanctuary.

NGT order impacted several real estate projects, delayed possession. As a result , more than 30,000 apartments of buyers are deprived from taking possession of their dream home bringing losses over 2000 crore to  both the buyers and the builders  because of the NGT’s stay order.

According to the rules of NGT the developers can’t store construction material on roads, have to install sprinklers to control pollution created by the dust and even have to put tarpaulins around the areas of construction. Green barriers need to be put around the area of construction site and the workers should be given protective masks so as to prevent them from the dust problems.

Following the directions to NGT, Noida and Greater Noida authorities have formed teams so as to inspect and initiate action on those construction sites, who are defying ministry of environment and forest (MOEF)-2010 guidelines on construction methods.

A developer has to take environment clearance before starting a project and every six months they have submit a compliance report to the environment ministry.

Gurgaon as an End Use Destination

Gurgaon is often called as Millennium City. The city has 53 shopping malls, metro network, and highest density of skyscrapers after Mumbai and has the highest per capita income in India. Gurgaon is mostly famous for residential and commercial place. Located in Haryana, Gurgaon is at a distance of 30kms from Delhi. Gurgaon is the place where most of the offshore companies, corporates, MNCs and reputed educational institutions are located. Witnessing rapid urbanization, Gurgaon has become the city with the third highest per capita income in India.

Basic Infrastructural Facility:- Education hubs like The Shri Ram School, Aravali; The heritage School; DAV Public School, Sector 14 and many more are in the city to fulfill schooling facility. Gurgaon also have the facility of good management and engineering colleges like ITM University, Ansal University, Management Development institute etc. Hospitals like Medanta, Fortis, Ahmed Hospitals, Alchemist Institute of Medical Science and many more promises good medical facilities. Other than all this we all know, Gurgaon have sufficient number of classy malls and multiplexes.

Most popular locality of Gurgaon for end user-: There are multiple options of residential property in Gurgaon for end users. Sector 15 in Gurgaon is a good place to live because of its proximity to NH 8, lots of good affordable eating places, good choices of effective shopping for daily needs, availability of water supply by the corporation, affordable rates of electricity supplied by DHVBN, very few power cuts, well maintained parks, availability of public transport and many more. Sector 43 is a safe and good location to live. It is surrounded by Fortis, Max hospital, HUDA city center metro station. Vegetable markets, shops, hotel, hospitals, banks, super markets are available in this locality with good transportation facility. Sector 52 is also a peaceful location for end users and provides you all favorable facilities. Sector 56 in Gurgaon is one of the oldest sectors. It was established when the early service class professionals started migrating and settling in Gurgaon due to many offices and commercial hubs springing up here. The HUDA market of Sector 56 is a popular hub for local eateries and shopping. The rental value ranges between Rs 10,000 to 40,000 per month. Multistorey apartments and residential houses are the main types of housing available for rent. The capital value of properties ranges between Rs 85 lakh and Rs 4 crore. In terms of connectivity, Sector 56 scores high as it is well connected to the Golf Course Extension Road and Golf Course Road. HUDA Metro Station is 15 minutes away from the sector. Autos, taxis and buses connect the sector with other parts of Gurgaon.

Job Opportunity: – Another reason of being a hotspot is that, Gurgaon is also the hub of many multinationals and BPO companies. Infact, Gurgaon is also known as city of BPOs. For end users the city have excellent employment generation, as Gurgaon is known as IT hub and have multiple number of IT Companies, MNCs and many more. Gurgaon is a top ranked and best city to live and work in. It has become an intoxicating commercial as well as residential hub with soaring skyscrapers, posh residential colonies and bustling commercial complexes. Gurgaon has approximately 3 million sq ft of office space, thereby having a cascading effect on residential demand.

If people should be satisfied anywhere in India, Gurgaon should be the place. With its shiny buildings and galloping economy, Gurgaon is often portrayed as a symbol of a rising “new” India. Gurgaon’s malls offer many of the country’s best shops and restaurants, while the city’s most exclusive housing enclaves are among the finest in India. Gurgaon is known as the city that never sleeps. It keeps alive the dreams of the people. As being hub of the most of the residential and commercial projects, Gurgaon attracts many end users and developers. So all together Aliveasset suggests you that Gurgaon is one of a suitable city for end users.

South Delhi Property Downfall

South Delhi is one of the historical location of Delhi. It is a vast area in the city of Delhi and contains many important locations. It has immense historical significance. South Delhi is bounded by the Yamuna River to the east, the districts of New Delhi to the north, Faridabad to the southeast, Gurgaon to the southwest, and South West Delhi to the west.
Past Scenario of South Delhi Real Estate:- Five years back South Delhi was one of the most happening and preferable residential place for most of the people who look for hassle free accommodation. The rental values of residential properties like the apartments and independent houses were quite high. The major residential localities in South Delhi include, Safdarjung Enclave, Vasant Kunj, Anand Niketan, Shanti Niketan area, Dilshad Garden, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Lajpat Nagar etc. Commercial properties like the office spaces were in much demand as every other company want to have their offices in South Delhi as it has better edge over many other cities due to metro, its infrastructure, availability of professional work force and connectivity.
Present Scenario of South Delhi Real Estate:- Prices of homes in South Delhi have dropped by 20% to 35% over a year. Developers and investors are offering big discount to dispose off their assets because of the slowing economy. The economic situation is worsening in South Delhi, the number of sellers has expanded who are keen to sell the high end apartments they have picked up some years ago. The slowdown in the economy has pushed investors and end-users out of the market. The developers in South Delhi are ready to bargain and negotiate if they get a buyer. Prices have fallen across residential colonies in South Delhi, the drop is mostly seen in Defence Colony and Vasant Vihar. A 2,000-sq ft floor in Defence Colony was available for Rs 8-10 cr, couple of year back, can now be negotiated for between Rs 5.5 – 8 cr. The price of a 2,300-sq ft apartment in Vasant Vihar has dropped to under Rs. 10 cr from Rs 12-14 cr 2-3 years back. Residential areas such as Vasant Vihar, Defence Colony, Greater Kailash, New Friends Colony, Panchsheel Park and Gulmohar Park have about 3,000 unsold apartments.
Reason behind Property Downfall in South Delhi:- There are many reasons of economic slowdown in South Delhi. Emergence of Gurgaon, L zone, DDA plan, and Smart cities in Delhi are some of the main reasons. People having enough money have moved towards the high-end apartments in Gurgaon at much lower price. Buyers who can put Rs. 3 to 5 crore are not coming forward to buy flats in South Delhi. The newest option for crorepati buyers is one-acre farmhouse in the city that the Delhi Development Authority (DDA) allowed recently. South Delhi mainly offers independent floors/kothis, end users now prefer secured apartments with various facilities and security offered by the society. Due to high employment generation in Gurgaon people are moving from South Delhi to Gurgaon for their jobs.

DDA Land pooling policy

Before knowing or getting idea about what actually DDA land pooling policy is one should be clear about what the term land pooling means. Don’t get confused about the DDA word. Here DDA stands for Delhi Development Authority. Land pooling means, the land parcels owned by individuals or group of owners legally consolidate by the transfer of ownership right to agency (related to land pooling) which later transfers the ownership of the property that is land back to the landlords for undertaking of development for the areas as per the prescribed procedure under the provisions of Delhi Development Act 1957.

The first master plan of Delhi was formulated in 1961. According, to this master plan, DDA was supposed to undertake large chunks of land, master plan it and then sell or develop it piece by piece. The Delhi master plan is thought to be largest ever real estate opportunity in the country for demographic demand as well as the administrative commitment which actually triggers the country’s growth.  Earlier, with land prices nominal, this was an acceptable concept. 2021 Delhi’s master plan  which was notified on 7th December, 2007 stated that the land pooling policy would be based on the optimum utilization of resources available, both the sectors either it be public sector or private in land assembling and now even housing which have been added in form of 19.1 chapter of land policy.

In 1980’s phase, this plan faced problem with the rising involvement of private sectors. This situation brought the need of land pooling policy and according to this policy the land owners can be the stakeholder of the development proposed on the land by surrendering their land into the central pool. Once the land has been pooled into governments shed, the land owner of the particular land will get back 40-60% of the total land surrendered as developable land. There are basically two types of land pooling that has been announced till now. The first one is, the land owner having 20 hectare and above land will get back 60% of the land and those with below 20 hectare will get back 48% of land. The percent of land that would be retained by the government (DDA) would be utilized for the growth of infrastructure as well as monetize it against specific purposes as per DDA.

The land pooling policy was approved by Ministry of Urban development on 5th September 2013. This policy means that no selling of property will be finalized without the owner’s consent.

Under the policy, the DDA will be responsible for overall planning and redevelopment of the land while encouraging the participation of the private sector. The private sector, on the other hand, will be responsible for assembling land, which will then be made available to the DDA for redevelopment.

Although DDA hopes to implement the policy soon, it will have to wait for the Delhi government to notify 89 villages as development areas. Before that, the government has to declare 89 of these villages as urbanized.

According to the amendment, in case of any delay in completion of the development by land pooling agency, the DDA shall pay a penalty of two per cent of External Development Charges (EDC) per year for the first two years and three per cent of EDC per year thereafter to the Developer Entities (DE), that is the farmers/land owners, for delay beyond the date of completion of construction by DE or five years, whichever is later till the external development works are completed.

Besides, farmers who are willing to participate in land pooling but are unable to pay the EDC will be allowed to give up a part of the returnable residential land.

The new stock expected to come up in Delhi, as per the land pooling policy, is likely to be priced at Rs. 5,000 to Rs. 12,000, depending on the location. This is in line with prices in the NCR, especially areas such as Noida, Manesar, Sohna. This will, however, not lead to reverse migration. People working and residing in NCR will not automatically shift to Delhi. Neither will IT offices and other corporates. The demand factors will continue to remain the same but prices will stabilize.

No apartments will be delivered under the policy before six years and, therefore, short-term impact looks unlikely. Also, to take the policy through to the operational level, the Centre, the state and DDA need to be on the same page.

What is worth seeing that how the three factors, economic activity, political stability and demand from the existing democracy help developing Delhi as per the new pooling policy!

 Buying property in Gurgaon

Future of NCR Real Estate Market

Long pending Dwarka expressway hurdle in Gurgaon looks to be getting sorted out. The court in the recent judgment has cleared the way for completion of Dwarka expressway. In the other battle of Noida extension or Greater Noida West, the Supreme Court has upheld the Allahabad’s High Court order on land acquisition bringing relief to thousand of home buyers.

In another encouraging development which has taken place recently, the urban development ministry has cleared the long pending land pooling policy within the boundaries of Delhi. This will open up 20000-25000 Hectare of land parcel, where around 15 lakh apartments will be developed in the next 10 years. This comes under the DDA master plan of 2021.

What does all these development mean for NCR market? It essentially means price crash or prolonged stagnancy in price especially in the areas of Gurgaon, Noida, Ghaziabad, Faridabad etc.

Among all these developments the land pooling policy of Delhi will be dream destination of most of NCR residents, owning a home within the Municipal limits of Delhi is a big attraction.

The favorable news for Greater Noida west and Dwarka expressway will help in developing the community in these locations as the builders can gear up to complete and provide possession to the home buyers.
Though there are doubts whether the recent judgments may be able to cheer the investors. The area of Gurgaon, Noida or even Greater Noida has huge oversupply, prices have risen, investors are stuck and very little chance that the price may go up further.

On the Gurgaon (Dwarka Expressway) side it will take atleast 3-4 years for the projects to get completed and community to get develop. Around that time we can expect the upcoming Delhi market will open up. The most sought after region would be L zone which is very close to Airport, Gurgaon and the upcoming diplomatic enclave. It has also been declared as the zone for smart city. All these mean bad news for Gurgaon, Noida and other suburbs of NCR, this will most likely bring down their prices significantly.

Since Delhi is the dream destination for most of home buyers, it’s likely that investors and end users may move away from Gurgaon/Noida and invest heavily in Delhi. The launches in Delhi in the next 3-4 years would be at the price point of 6000-7000/sqft, which is very competitive and lower than most of Gurgaon market.

This will put huge pressure on Gurgaon real estate investments but this is not a botheration for the end users, they can continue to stay close to their work or preference in Noida/Gurgaon/Delhi etc.

Property Management in Gurgaon

L Zone- An Investment Destination

Delhi Development Authority (DDA) is working on master plan of L Zone. L Zone is located in South- West Delhi and covers 22,840 hectare of land. In future L Zone is expected to give a boost to the slow and stagnant real estate market of the national capita. Geographically it is close to IGI Airport and is positioned between Dwarka and Gurgaon.

Under Delhi Development Plan (DDA), the authority has divided Delhi into 15 zones amongst all L zone is the largest. Presently the area is open for buying land, wherein maximum numbers of investors are coming with their investment plans. Where majority have already bought lands and many are still looking to obtain the necessary approval from the authority. Once the approvals are received, the land owners of L Zone will submit the land to DDA. After which the authority will take 40% of the total land area for development of roads, drainage, sewerage, and other civic amenities. Ones these plans are developed, the developers or housing society will be allowed to start their construction plans. It seems to be the right time to invest in L Zone under the DDA Master plan 2021 but the buyer should keep in mind that it may take some time for the actual implementation of the plans. So, if you are investing right now then there should be a willingness to wait for some years for the investment to grow.

Major Attraction of L Zone-: The booms in residential land prices of L Zone are likely to be higher than other zones. The zone has several attractions like proximity to the airport through Dwarka and access to Gurgaon. L zone have close proximity to the forthcoming 173-acre 18-hole golf course, and the planned second diplomatic enclave in Dwarka attracting VVIP security and its excellent ambience. Several constructions like Tourist Complex, an adventure sports complex and an eco-park in village Kanganheri, two wide roads i.e. UER I & UER II are advantage and attraction to this area. A new four-lane road from Dwarka to Dhansa-Badli-Jhajjar covering a 43km stretch that enables most of this area easily accessible by well-constructed metal road.

According to experts from Aliveasset, in near future this area would be competitive with the well maintained areas of area South Delhi. As far as land prices and demand is concerned, the area is also in close proximity to South Delhi. For end users L zone may not be the right place for next 2 to 3 years, as it will take around 5 to 8 years to develop the entire basic infrastructure there. But for investors this is the best place and one must go for it because L zone will provide great return on investment in long term. Among property buyers and real estate developer L Zone is the most popular zone. Many builders of Delhi- NCR have already launched their residential projects in L zone. The property prices of L Zone are relatively low as of now but rising with every passing month.

L Zone- Biggest Smart City in Delhi:- L Zone in Delhi has been identified by the government as the place for developing biggest Smart City in Delhi by DDA. Huge populations of individuals are bound to get attracted to live in such a modern and advance city. The investment option in Smart City Delhi is not only good from investment point of view but has an excellent reward attached to it i.e. beautiful house in the most modern and hi tech city with cleanest surroundings. The Smart City will have digital technologies to enhance performance and life standard to reduce costs and resource consumption. This city will boast of 100% power, 100% web connectivity, 24×7 water supply and high frequency mass transport.