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Monday, September 27, 2010

Dwarka Eway Projects

( Hey Venky, Which project you would choose on Dwarka e way for investment. Exclude luxary projects. Budget : 35-40 )

Closest to Delhi is probably best - so Shilas is probably best.I personally prefer Ramprastha because of triple connectivity.
1. Dwarka Eway,
2. Existing Gurgaon expressway (once Hero Honda Chowk is built) - right now only one way connectivity
3. Thru it to Infocity and Sohna road malls
4. Basai Road to Jhajjar developments
5. Proximity to Sultanpur sanctualy and green area.
6. Reliance will probably make IT park there.
7. Water levels likely to be the best in this region because of green area.
8. Active construction by Supreme - delivery is 2012 is probable

Negatives:
1. Not for short term investment
2. Three infrastructure proposals only on paper - Dwarka Eway, Basai road flyover, Hero Honda Chowk flyover (which is why it is available cheap)
3. Lot of village houses nearby
4. Multiple ifs and buts are a negative - even if one fails to materialise, then prices will not equalise between Ramprastha and Sohna Road / MAnesar
5. Rental yield will be very low for 5-7 years - better for people who plan to keep it locked up.

But it is a 10-15 year hold - and while with this much hold you make money everywhere, when whole area is developed and commands similar valuation, only entry price will differentiate the investments - and 2800 psf is dirt cheap.

Psambher, there is huge land bank in the area. Many affordable projects will definitely come. But the whole corridor will be a highly urbanised area.

Ashish, Crescent Park is poorly located wrt Dwarka expressway. Much land bank in the area. Distance from Dwarka Eway, NH-8 and KMP is almost same - some 4-6 Kms. So Pataudi Road is the main road for this. It is a project for those who cannot afford Gurgaon prices.

Durbious, I agree, these prices of 2800 and 3000 psf are here for max 6m to 1 year. Then we will move to 3600 psf.

Guesswho, the Eway is expected by 2015, Metro will be parallel and expected by 2020 only.

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