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DwarkaExpresswayistheHighwayto Fortune- Part3

November24,2016Real Estateaffordable housinggurgaon,dwarka expressway projects list, dwarka expressway property rates, haryana affordable housing scheme in dwarka expressway, sector 103dwarkaexpressway SrishtiChandola

Dwarka Expressway has a huge demand for affordable housing projects. Major sectors catering to the affordable segment are offering to buy and renting options with varied budget and segments.

The tendency of home buying follows closely to the renting tendency on the corridor as all the localities have high rental demand which will give better returns to the owners and thus more people will be looking to buy these localities. Therefore, six out of top ten localities by consumer searches for buying a home in top ten localities by consumer searching for renting a house. Property rates that are available in the corridor are affordable and provide a potential return on investment.

Most of the recent demand is driven by the end user rather than the investment, the buyers are looking for bigger apartment types in a suitable market for theliving.

As a result, the dominant BHK type for renting and buying is 3 BHKs which are followed by 2 BHKs. Over 53% demand is distributed for buying 3 BHK units and the demand for distribution for rent is 57% in thecorridor.

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Notably, the fact is that the demand for 4 BHKs and above is much more than the demand for 1 BHKs. This is a phenomenon that is very rarely seen in other geographies of the country and reinforces the favorite of the bigger apartment sizes by the buyers in the markethere.

The average rate of Dwarka Expressway corridor has been falling for almost a year now which clearly mirrors the weakness in the complete Gurgaon market. The corridor or the region has been witnessing some slow or fewer launches and the transaction sale activity has also been slow. Though sale numbers were hopeful to pick up after resolution of dispute for land under Dwarka Expressway, this, however, did not happen and the rates have fallen by 5% over the previous six months and almost 7% in last one year. It is being believed that the rates have hit the rock bottom and would no longer godown.

Numerous localities in this corridor have given a mixed rate which varies over last quarter with over three of the two corridors those would witness a fall in the rates. Change in price has varied drastically and there is no clear trend geographically. Thus, the variation rates in the corridor are a result of the seasonal trends while having a falling pressure due to the weakness in the complete property market inGurgaon.

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