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To Make Delhi 'World Class', DDA Presents Over Rs 8,The Delhi Development Authority (DDA) has pegged its Budget Expenditure for the financial year 2018-19 at over Rs 8,000 crore. To turn the national capital into a "world-class city" through various projects, the DDA would spend Rs 3,633 crore on building houses and shops, Rs 765 crore on land acquisition, Rs 2,348 crore on land development and Rs 1,286 crore on establishment.
New Metro Links To Boost Noida Property MarketLack of public transportation has for long had an impact on the property prices in Noida and Greater Noida. However, the upcoming Metro links will change the real estate landscape of these twin cities and boost property prices. Trial runs on the 30-kilometre Aqua Line in Noida will begin from April 15 — a route that will originate from Sector 71 and terminate at Delta Depot Station in Greater Noida. Many commercial markets in Noida as Sector 60, 61, 62, 63, SEZs and Noida-Greater Noida Expressway will witness real estate growth. Housing opportunities and rental demand are also set to rise in Noida.
How Delhi Metro Influenced Property Prices In NCRDelhi Metro has influenced the real estate prices of localities lying close to stations. The areas lying in extreme proximity to the Metro station witnessed an average 50 per cent jump in the cost of construction. The latent effect was more visible on the rental market where the asking values have been going up as the connectivity is gets better. MakaaniQ lists locations that have benefitted from the different routes of the Delhi Metro.
How Magenta Metro Line Will Impact Noida Rental MarkWith Delhi Metro's Magenta Line starting operations, Noida will soon have a direct connectivity to west Delhi via south Delhi. It will also be connected to the Terminal 1D of the Delhi airport through the new Metro line. This would boost rental demand in Noida. Rental home seekers, who currently reside along the Blue line and have to travel to Gurgaon, would look out to shift close to Botanical Garden.
How Much Do Delhi Landlords Make?While buying property in Delhi might be difficult, lifestyle-conscious homebuyers and professionals are no strangers to homes on rent in Delhi. Apart from affordable homes, the high-end properties in the national capital can command as much as Rs 15 lakh as monthly rent.