Did Not Get A Flat in DDA Draw Explore NCR
Experts say those who did not get a flat in the recent DDA draw must explore options in the NCR.
Realty experts say that those who did not get a flat in the recent DDA draw or all those who have not booked a DDA flat must think of the NCR now. The overall development is pushing prices there too, but one can still get plenty of affordable real estate opportunities in places like Ghaziabad, Faridabad, Noida, Greater Noida, Raj Nagar Extension and Gurgaon. While the NCR cities close to Delhi are still no match for the national capital, fact is that if serious end users continue to wait for long to find a house in Delhi, they may even miss the housing options in the NCR, altogether.
Gurgaon and Noida are already going out of the reach of salaried class. However, other key NCR towns seem to be good options for all those who could not find their names in the list of lucky winners of the DDA draw. Admittedly, the rates in both Noida and Gurgaon are hitting the roof and it is advisable to book a flat wherever your budget permits before all these places also register unaffordable prices for the middlesegment pockets.
“I think there are several options available in the NCR, since Delhi does not have many projects on offer. Everybody has been eagerly awaiting the DDA draw, and hoping for another draw is a farfetched option; genuine buyers must start looking for alternatives. Areas like Ghaziabad will see an upsurge in the number of buyers due to their close proximity to Delhi and better infrastructure facilities. In Ghaziabad, demand will further increase, especially in areas like Indirapuram, Mohan Nagar, and with the Metro reaching places like Vaishali, Vasundhara and Raj Nagar Extension, this will be a golden opportunity for genuine buyers to invest,” says Vijay Jindal, CMD of SVP Group.
A spokesman of the Raheja Group says that those who did not get a flat in the DDA scheme, there are ample options in the NCR in developing locations, which are still not over-priced. They can weigh opportunities in Ghaziabad, Faridabad, Noida as well as Gurgaon. Experts say that many prospective buyers were waiting for the DDA housing scheme’s draw to get over before they make a decision about buying a house.
Realtors say that Noida, Ghaziabad, Faridabad and Greater Noida will see some big launches in the next few months and these areas will benefit from the increased demand. In a couple of months, as the summer vacation for schools begin, many people will start their house hunting mission with gusto.
Arun Mohan, advocate and author of “Affordable Housing”, says that despite some shortcomings in terms of infrastructure, the NCR towns are coming up very well. “It is advisable that all those who do not have a generous budget book their flats in the NCR. Who would have thought that ten years ago, places like Noida and Gurgaon will grow so much. All those who have invested in these places are reaping the benefits.”
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