Property Prices Hike: Property prices will increase by 40% in this area of Delhi in 2 years, know the government's plan
Property Prices in Delhi-NCR: Property prices are continuously increasing in developed areas of India like Delhi and Gurugram. According to recent information, real estate experts in Delhi NCR have estimated that property prices will increase by 40% in 2 years.
The Kalamkar News, Digital Desk: Everyone is aware of the Dwarka Expressway construction in Gurugram, adjacent to the capital of India, Delhi, in which the average prices of houses in the surrounding residential projects have increased by 83 percent in the last 10 years .
And with the opening of the first section of this expressway, the prices may increase further. Real estate experts have made this estimate. Prime Minister Narendra Modi had inaugurated a 19-km stretch of the total 29-km Dwarka Expressway in early March.
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According to data compiled by real estate consultant Anarock, about 53,000 housing units were launched around the expressway between 2013 and 2023, of which more than 80 percent of the units have already been sold.
Prices have doubled in the last 10 years
For information, let us tell you that the average prices of houses in the primary residential market of Dwarka Expressway increased from Rs 4,530 per square foot in 2013 to Rs 8,300 per square foot in 2023.
Pradeep Aggarwal, chairman of realty firm Signature Global, expressed hope that the demand and supply will remain strong on Dwarka Expressway, which will lead to an increase in prices. He said, 'There is an indication of 20-40 percent price increase in the next two-three years.'
Experts expressed their estimates
Mohit Jain, managing director of realty firm Crisumi Corporation, said that property prices in this area have increased in the last few years and with the operationalization of the expressway, the rates may increase by 10-15 percent in the coming months. Senior Vice President of Allen Group, Vineet Dawar said that there is a possibility of about 10-15 percent property price hike .
Let us tell you that Dheeraj Dogra, Vice President and Head of Sales and Marketing, MVN Infra, said, 'There remains a positive outlook for luxury homes .
Sales are expected to increase by about 50 percent by the end of this year. Anarock Vice Chairman Santosh Kumar said, 'The average house prices in this area have increased by 41 percent between 2020 and 2023. Now with the opening of the expressway, it is likely to increase further .