2,3 BHK Flats Now Within Reach in NCR

With the current boom in real estate, property price in ncr is roaring with a high volume. Property prices are rising very fastly but two to three bedrooms in city as well as suburbs are within reach. A middle class person can think of buying property in main regions like gurgaon, delhi, noida etc...

Gurgaon

When moving towards the suburbs, Gurgaon seems to be ideal as it offers well-furnished apartments and floors. Two bedroom apartments in gurgaon of 950 nsq ft are available at Mapple Heights and Princeton Estate. Silver Oak apartments has bigger 1,100 sq ft, two-bedroom apartments to offer. One can also get an area of 1,400 sq ft in sector 56 of Gurgaon.

Delhi

This budget can get you two to three bedrooms in city and in the satellite towns. South Delhi colonies like Vasant Kunj and Lajpat Nagar offer two-bedroom apartments with a super area of 900 sq ft. At a slightly lower budget, Munirka is a good option for bachelors and students. Independent houses of 900 sq ft are available in Tuglakabad extension.
Sector 9 and 13 of Rohini in north Delhi offer society flats of 1,200 sq ft. Derawal has two-plus-one floors of 723 sq ft. Suresh Sharma of Banwari Lal Properties says, “Pitam Pura offers three-bedroom society flats. These have an area of 1,200 sq ft. Three-plus-one builder floors are also available in sectors 3, 7, 8, 11, and 16 of Rohini.”
Sectors 10 and 12 of Dwarka have society flats of 1,500 sq ft.

Noida

Noida offers three bedroom apartments in sectors 50, 52, and 62. Their area ranges from 1,450 to 1,700 sq ft. Sectors 50 and 62 can offer two-bedroom apartments of 1,300 sq ft.
Those working near Faridabad can rent four-bedroom apartments apartments in sector 46. Also, sector 16 has independent villas of 4,500 sq ft. The list will never end, but one has to make his mind.
Our tip: Do sign the lease agreement before moving into a flat. Also, read the agreement carefully.

Source: expressestates.in/

Property Rates in Gurgaon Jumps in New Residential Zones

The revised collector rates, or circle rates, decided by the Gurgaon district administration will see a quantum jump in property rates in New Residential Zones (NRZ). Gurgaon raises circle rates, property rates to head in north.

These zones are cultivated land being developed into residential areas. The new rates will be applicable from July 4.

For populated areas, the administration has envisaged a nominal increase in rates — 10 to 12 per cent. The rationale, administration officials said, is to tap the growth potential of NRZs. "Property rates have not gone up much over the past few months in areas that are already developed," Gurgaon DC Rakesh Gupta said. "So, in order to be realistic, there was no requirement to increase the circle rates there."

Among villages where property rates will double, or nearly triple, are Wazirpur, Daultabad, Dhankot, Khirki Daula and Sihi Sikandarpur.

Collector rates, or circle rates as they are known in Delhi, in DLF City and Sushant Lok have been increased by 10 per cent. It is a reflection of the sluggish property market of late, officials said.

In DLF Qutab Enclave Phases I and II, for instance, rates for residential property have been hiked from Rs 15,000 to Rs 16,500 per square yard (see box for details).

Land rates in Wazirabad, Samaspur, Gurgaon village, Shahpur, Sikanderpur Ghosi, Nathupur and other villages have been increased from Rs 40 lakh to Rs 70 Lakh per acre. Besides, 20 per cent extra stamp duty would be levied on land on Jaipur National Highway, Sohna Road, Pataudi Road and Sultanpur Road. These charges are payable up to 2 acre depth from the main road.

Real estate developers say the new circle rates are a reflection of real estate trends in Gurgaon and across NCR in the past few months. Circe rates had earlier been hiked in Delhi, followed by a rise in land rates in Noida and Greater Noida.

Gurgaon real estate developer R K Yadav said, “Even with the new rates, the price that buyers will pay in Gurgaon in white will be less than the going rate in parts of Delhi, especially in categories A, B and C."

Source://cities.expressindia.com