Property Buyers spoilt For choice in NCR
Delhi
There are all kinds of buyers and all kinds of sellers. If you don’t fall into a major trap, you won’t need to look at Greater Noida or Indirapuram, if you had this budget in hand. In Greater Noida, where apartment rates are peaking at about Rs 3,300 per sq ft and plot rates at Rs 32,000 per sq m, you could still buy very large plots or super luxury apartments here, but you could find good deals in better areas as well.
In Noida’s sector 56 and 71, you can get plots between 162-189 sq m, for around Rs 40,000 per sq m. You can also get three-bedroom apartments, with servants quarter. These would 1,700 sq ft apartments for Rs 4,000 to 5,500 per sq ft. In Noida, you can also get independent house in sector 40, built on 112 sq m plots.
Brokers usually don’t entertain queries for Gurgaon, if they are less than Rs 50 lakh. So, you have many options here. You can get 250 sq yd plots in Huda sectors: 14, 15, 17, 45, 46, 55, and 56. Plots of 350 sq yd are also available in sectors 21, 22, 23. Although these sectors are considered away from the main developments in Gurgaon, they are near Maruti factory on one side and Palam Vihar on the other.
Apartments range between Rs 3,500 per sq ft near Palam Vihar and up to Rs 6,500 in DLF and on Sohna Road. Depending on the configuration and location you desire, options are a plenty.
In east Delhi, plot prices at IP Extension are in the range of about Rs 4000-4,500 per sq ft, giving you three-bedroom flats of up to 2000 sq ft. In the rest of Delhi, DDA flats in many areas come in your reach. In areas like Malviya Nagar, Vasant Kunj, East of Kailash too you can get apartments of up to 1,000 sq ft for this budget. However, brokers say that though this is a good budget to shop for property in Delhi, at this budget the deals would be very few.
Mumbai
The amount is good enough to get 1 BHK flats in good localities in south Mumbai and 2 BHK flats in the island city while suburbs can offer up to 3 BHK flats in decent areas. Even if the amount looks good enough, it falls short for a flat in the up market areas of southern Mumbai.
One can get 2 BHK flat in Prarthana Samaj, Tardeo, Agripada, Worli, Prabhadevi, Shivaji Park, and Matunga in central Mumbai. These areas have good infrastructure and location advantages. In some localities here you can get larger spaces but after paying Rs 80 lakh, one would surely look forward to decent looks, strong structure, and a nice neighbourhood.
The suburbs can get you 1 BHK to 3 BHK flats. The central suburbs like Ghatkopar can get you 2 BHK flats while Vikroli can fetch 3 BHK flats in most modern societies. Bandra, Khar, and Juhu sea face have 1 BHK flats at this price but as you go away from the waterfront, space begins to increase and you can get up to 2 BHK flats as well. Lokhandwala Complex and surrounding areas at Andheri-Versova, Vile Parle (W) and Santacruze (W) would get you 2 BHK flats in good locations.
Source:expressestates.in/full_story.php?content_id=88212
