Sector 18A Dwarka Property

Soon, people working in Noida Sector 62 won’t have to rely on auto-rickshaws and hired cabs for commuting as the Delhi Metro’s Blue Line extension from Noida City Centre to Noida Sector 62 and Electronic City will get operational by January next year. At present, only Delhi Transport Corporation-run buses and private autos are available for public transit in the area. The same is true of several areas of Ghaziabad that lie close to Sector 62.

The Delhi 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 gets better. MakaaniQ lists locations that have benefitted from the different routes of the Delhi Metro.

DDA Dwarka Awas Yojna will be launched by the Delhi Development Authority soon and will be ready for possession by December 2021. The launch price of this project will be Rs 15 lakh onwards. DDA Dwarka Awas Yojna 2018 will be coming up in Sector 21, Dwarka.

At a time when real estate developers in the city were pinning their hopes on the festive season to revive sales, the Gurgaon administration has proposed to raise circle rates by up to 25 per cent. This could be this year’s third rate hike; rates were earlier hiked in February and April, each time by up to 15 per cent. The revised rates will come into effect on October 19.

Haryana's department of town and country planning (DTCP) has decided to increase the floor area ratio (FAR), bringing cheer among developers in Gurgaon. However, to avail of the benefit, developers are required to construct approach roads to the residential societies developed by them.