Buying property in these areas of Delhi NCR will make you rich
Delhi Property Rates: Property prices in Delhi-NCR are witnessing a steady rise. There are also some areas in Delhi-NCR where property prices have reached sky-high levels. If you purchase property in these areas now, nothing can stop you from becoming wealthy in the future.
News - (Delhi NCR Property Rate Hike) Along with rising inflation, property prices in Delhi NCR are also increasing. Currently, property prices here (Delhi NCR Property) are rocketing.
Therefore, if you purchase property here now, you will benefit significantly from the further rise in property prices in the future.
This option is best for long term investment-
When people consider long-term investments, they often turn to property purchases. Residents of Delhi-NCR do the same, as property prices are constantly rising here.
There are several areas in Delhi-NCR where property prices are expected to rise. Therefore, purchasing property here will yield significant profits in the future.
Due to this, property prices will rise-
Property prices in Delhi-NCR are already skyrocketing. However, according to a new report, prices have increased by approximately 24 percent between July and September, which is much higher than in other metro cities in the country.
Property prices here have seen a huge jump in the last five years. Prices will rise further after the Noida Airport opens, but the increase in property prices isn't just due to the construction of this new airport.
There will be an increase in the circle rate.
The primary reason for this is that the Delhi government is planning to revise the circle rate (Circle Rate in Delhi NCR). The government's aim is to bring the circle rate in line with market rates.
This is because the last major change was made in 2014. A potential increase in the circle rate will also lead to a significant increase in property prices in the market (Delhi NCR Property Rate).
The second and most significant reason is the ongoing infrastructure development in Delhi-NCR, which is driving property prices skyrocketing.
The first step in this infrastructure initiative is the construction of the third ring road in Delhi-NCR, followed by a major plan to build a metro station (Delhi NCR Metro Station). Due to all these factors, property prices are set to skyrocket in the coming days.
Property prices will rise in these places-
The 6-lane ring road being built in Delhi-NCR is currently causing property prices to rise, and the rates of the areas through which this ring road will pass have skyrocketed.
Actually, this ring road is going to connect Delhi, Uttar Pradesh and Haryana with each other. This ring road is going to be built in two phases. The first one will start from Alipur in North Delhi and will connect near Mandula near Delhi-Dehradun Expressway via Tronica City in Ghaziabad.
Travelling via the ring road will be easy.
In the second phase, the highway will begin at Mandula, pass through Ghitora and Farukhnagar, connect to the Delhi-Meerut Expressway, and end at the Noida-Greater Noida Expressway.
Additionally, several new metro stations will be constructed. There is a possibility of increasing fares at some locations in Delhi-NCR.
The entire plan includes the extension of the Tughlakabad-Aerocity Corridor (Golden Line), the RK Ashram-Indraprastha, Aerocity-Terminal 1, and Tughlakabad-Kalindi Kunj corridors.
The Pink Line will be extended.
Additionally, the Pink Line is set to be extended to Burari, and the construction of the Lajpat Nagar-Saket G Block and Indralok-Indraprastha corridors will also create two new triple interchange stations.
With all this new infrastructure coming to these locations in Delhi-NCR, you should now have an idea of which areas of Delhi-NCR you should consider purchasing property in and how much profit you'll expect.