Happy Luxurious Homes Dwarka Mor
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11 insights shared by the community.
What residents appreciate the most
The real estate market in Dwarka and the broader NCR region has shown robust growth, with property prices experiencing significant appreciation. Dwarka, in particular, has been highlighted for leading with a substantial price jump of 98% over five years. The sustained growth in luxury real estate across Delhi-NCR, coupled with high demand, indicates a promising outlook for property value appreciation, making it attractive for investors.
The land value in sectors 22-23 will skyrocket due to upcoming infrastructure like the Dwarka Expressway and IICC.
Delhi-NCR's primary housing market saw a 24% annual price increase fueled by strong demand.
The expressway side is a great idea from an investment perspective, and with development attuned to modern sensibilities, it's promising.
Luxury real estate in Delhi-NCR is seeing sustained growth, offering buyers a diverse range of options.
ATS Homekraft sold around 340 luxury homes in the first phase of its new project on Dwarka Expressway, indicating strong demand.
Dwarka leads with a 98% price jump in 5 years, showing significant resurgence in the residential property market.
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Dwarka, including Dwarka Mor, is a well-developed and self-sufficient locality within New Delhi. It boasts broad roads, ample greenery, numerous parks, and shopping malls. Its proximity to the IGI Airport and good metro connectivity are significant advantages. The area is further benefiting from ongoing and upcoming infrastructure projects like the Dwarka Expressway, an International Exhibition-cum-Convention Centre (IICC), and new tunnels, which are expected to enhance regional connectivity and accessibility.
Dwarka is self-sufficient with broad roads, greenery, parks, malls, and close proximity to the Airport.
Investing in sectors 22-23 is recommended due to the upcoming Dwarka Expressway, IICC, and new tunnels to Vasant Kunj and the Airport, which will significantly boost land value.
Properties in Dwarka Mor offer comfort, quality, and modern living.
Living in Dwarka is nice with open spaces, greenery, and good infrastructure, plus it's close to the airport.
The Dwarka Expressway side is promising for investment and living, with modern development and upcoming diplomatic enclave, convention center, and India Habitat Centre.
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Dwarka is considered a good area for renting, with various options available, including bachelor-friendly accommodations in areas like Dwarka Mor. The rental market is active, and Delhi generally has more favorable rental terms compared to other major cities, often not requiring excessive deposits.
Dwarka Mor and Ramphal Chowk areas might offer standalone houses suitable for bachelors within budget.
Delhi is still good in terms of rent, they don't ask for 12-month deposits like Mumbai or Bangalore.
It's possible to find a 1BHK in any DDA society in Dwarka through local brokers.
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The Dwarka Mor area provides a variety of residential choices, including independent houses and flats ranging from 1BHK to 4BHK. This diversity caters to different preferences and budget ranges, offering flexibility for potential homeowners.
Independent houses are available in Dwarka Mor with flexible payment options.
Flats ranging from 1BHK to 4BHK are available in Dwarka Mor and Uttam Nagar.
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Dwarka offers a comprehensive range of social amenities, including reputable schools, quality healthcare facilities, and a well-maintained system of parks and sports complexes in almost every sector. This makes it a desirable location for families and individuals seeking a comfortable and convenient lifestyle.
Dwarka is self-sufficient with great schools, good healthcare, and a system of parks and sports complexes.
Good schools and recreational options are getting better in Dwarka.
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Where residents want improvements
Property prices in Delhi, including areas like Dwarka, have seen an "insane" and "skyrocketing" increase, making homeownership increasingly challenging for middle-class individuals. Many perceive the current market as a "bubble" where prices are detached from affordability, leading to concerns about long-term investment viability and the burden of significant debt.
Property prices in Najafgarh and Dwarka have seen an insane jump over the last few years.
Moving from a large ancestral house to an expensive flat feels like a downgrade, especially with the burden of debt.
Real estate prices seem to have reached bubble territory.
The Delhi real estate market is beyond the reach of a middle-class salary person.
Property prices have skyrocketed, while salaries have not kept pace, making it difficult for even high earners to afford a flat.
The high prices are due to money and people flowing into Delhi from neighboring states that lack development.
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Delhi and its surrounding areas, including Dwarka, face significant environmental challenges, particularly concerning air quality (AQI). This pollution is a major concern for residents' health and overall quality of life. Additionally, some specific areas within Dwarka, like Dwarka Mor and Ramphal Chowk, are not always considered "good areas" for desirable apartments, and older constructions in some parts of Dwarka might require extensive renovations.
Dwarka Mor and Ramphal Chowk areas are not always considered 'good areas' for nice apartments.
Delhi is becoming a 'living hell' due to pollution, crime, congestion, and traffic.
AQI is a major concern; some would not live in Delhi even if paid to, questioning the real estate boom.
Some older DDA flats are 35+ years old, raising skepticism about buying them over newer houses in other NCR regions.
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Commuting to and from Dwarka, especially during peak hours, is often plagued by heavy traffic. Furthermore, internal travel between different sectors within Dwarka can be challenging due to a lack of adequate inter-sector public transport, necessitating personal vehicles. Some metro stations in the area are also perceived as being inconveniently located for connecting to other parts of the city.
The Sector 22 metro station is quite far from other city parts, requiring long travel times within Dwarka itself.
Inter-sector connectivity within Dwarka is lacking, making a car or scooty necessary for internal travel.
Moving in and out of Dwarka to other parts of the city involves heavy traffic during peak hours.
Traffic to enter Dwarka, especially from the Dwarka flyover, is ridiculous.
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Investing in real estate in Dwarka, or Delhi generally, carries risks related to liquidity. Some opinions suggest that properties, especially at current inflated prices, might be difficult to sell quickly, and buyers may not be available at the expected appreciated values, leading to potential capital loss or stagnation.
If you are holding and go to sell the property, you will find that buyers at this increased price are not there.
Real estate is a dead investment with abysmal rental yields, and it's hard to liquidate partially or fully quickly.
Dwarka is considered a 'dead ship' for appreciation and ease of liquidity.
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Despite its developed infrastructure, Dwarka can feel unsafe at night, particularly in open or less populated areas. There are also general concerns raised about a high crime rate in the region, which can be a deterrent for residents.
The crime rate in Dwarka is very high for various reasons.
Dwarka can feel a bit unsafe at night because of all the empty, open spaces.
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The real estate market in the NCR region is sometimes described as being influenced by middlemen, leading to a lack of transparency. There are also general concerns about builder credibility and past project cancellations, which can make potential buyers wary, even for new projects.
The NCR real estate market is at the complete mercy of middlemen, causing issues for early investors, especially those on Dwarka Expressway.
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