Tag Archives: Delhi’s real estate

Learn about the Delhi-Alwar RRTS route map, stations, important information, and most recent updates in 2024

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The Delhi-Alwar Regional Rapid Transit System (RRTS) is currently under construction and will link Delhi with the outlying satellite towns of Manesar, Rewari, and Alwwar. It will also link Delhi Metro’s four lines. Ten kilometers of the route are currently under construction, and the project’s completion date is still pending. 

The Rs. 37,000 crore Delhi-Alar Regional Transit System (RRTS) is a project that will link India’s capital city with its surrounding towns in an efficient manner. It is anticipated that 8.5 lakh passengers will use this branch of the rapid transit system each day when it is completed. A 60 percent foreign loan from the World Bank, Asian Development Bank, and Japan International Cooperation Agency is being used to construct the project. Here are the main points of interest and upcoming changes regarding the Delhi-Alwar RRTS.

Delhi-Alwar RRTS: Principal features 

The 164-kilometer Delhi-Alwar Regional Rapid Transit System (RRTS), currently under construction, will link Delhi, Gurgaon, Rewari, and Alwar. The project is a component of the RapidX corridors under the National Capital Region Transport Corporation’s (NCRTC) Phase 1 construction of the Rapid Rail Transport System. The trip between Alwar and Delhi will take about 104 minutes, assuming trains travel at an average speed of 105km/h.

Delhi-Alwar RRTS Station List

Multiple interchanges will occur with the Delhi Metro lines at the 22 stations along the Delhi-Alwar RRTS route. The stations on the main and spur lines are listed here:

  • Sarai Kale Khan  (Interchange point is Delhi Metro Pink Line, Sarai Kale Khan ISBT, Hazrat Nizamuddin railway station) 
  • INA (Yellow and Pink Lines of Delhi Metro) 
  • Munrika (Delhi Metro magenta line)
  • Aerocity (Airport Express Delhi Metro)
  • Udyog Vihar (Delhi Metro Yellow Line) 
  •  Gurgaon Sector-17 
  • Rajiv Chowk 
  • Kherki Daula 
  • Manesar 
  • Panchgaon 
  • Bilaspur chowk
  • Dharuhera 
  • MIBIR
  • Rewari
  • Bawal 
  • SNB
  • Khairthal 
  • Alwar
  • Delhi-Alwar RRTS: Stations on Spur line
  • Shahjahanpur 
  • Neemrana
  • Behror
  • Sotanala

Delhi-Alwar RRTS: Most recent information

The Delhi Government had stated that it could not contribute Rs 3,261 crore toward the building of the Delhi-Alwar RRTS corridor due to a lack of funding. Nonetheless, the government has consented to release the first installment of Rs 415 crore within two months following the recent Supreme Court mandate.

To improve passenger security along the RapidX routes, Delhi Police has also submitted a proposal for five new police stations to the National Capital Region Transport Corporation (NCRTC). The locations currently selected for this purpose are Kashmere Gate, Mukarba Chowk, Sarai Kale Khan, Anand Vihar, and Indira Gandhi International Airport. 

Delhi’s Top 5 Rental Income Spots in Dwarka

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In Delhi, Dwarka is a possibility for investors who want to earn a lot of money from their investments but can’t find the perfect neighborhood. Its abundance of residential options attracts tenants and end users, and it is supported by infrastructure projects like the Dwarka Expressway and its proximity to Gurgaon’s employment hubs. Are you looking for some hidden rental gems in Dwarka? Continue reading to discover the best Dwarka neighborhoods with high rental income. 

The planned Delhi suburb of Dwarka has quickly grown to become a sanctuary for investors looking for high rental yields. Its advantageous location and strong road and metro rail connections to Delhi’s and Gurgaon’s premier business and residential areas are the main causes. The presence of several educational institutions adds to its allure as a place to live.

The growth of business hubs in Sectors 24, 25, and 26 may cause a rise in rental demand in the region’s real estate market. Let us investigate the best places in Dwarka that have the potential to generate large rental income. 

Best places in Dwarka to rent a property for the most money

Dwarka is one of the best areas of Delhi to live in because of the abundance of educational institutions and easy access to business centers. Due to Dwarka’s growing appeal as a residential area, several neighborhoods have emerged as the best places to obtain high rental income. 

Read this article through to learn more about the area.

Sector 10, Dwarka 

The demand for rentals in Sector 10, Dwarka, is driven by prestigious educational institutions like Guru Gobind Singh Indraprastha University (GGSIPU) and Netaji Subash Institute of Technology. Urban Extension Road 2 further makes it simple for Sector 10 Dwarka to travel thirty minutes to two major employment centers: DLF Cyber City and Udyog Vihar. These elements contribute to Sector 10’s popularity as a residential area in Dwarka among young people and professionals, placing it among the best areas in the city to rent an apartment. Three-bedroom flats, which range in price from Rs 1.85 to Rs 3.98 crore, compose the bulk of the housing stock in Sector 10, Dwarka. 

The average property rate in Dwarka Sector 10 is Rs 12,750 per sqft. 

Also mentioned favorably by the locals in their evaluations of Sector 10, Dwarka, are the accessibility of key social amenities and modes of transportation.

The following highlights a few of the well-known ones: 

  • The area is home to Vandana International School, GD Goenka International School, and Venkateshwar International School.
  • Ayushman, Max Super Speciality, and Indira Gandhi are just a few of the medical facilities that border the area.
  • Having a dedicated metro station enhances the connectivity of the Delhi Metro Blue Line. 

Sector 19, Dwarka 

To the list of the greatest locations in Delhi Dwarka for the highest rental income, add Sector 19, Dwarka. There are many different kinds of apartments in the area, the most common are three and four bedrooms. While 4BHK apartments in Sector 19, Dwarka, start at about Rs 2.3 crore, 3BHK apartments start at Rs 1.2 crore. The average property rate in Dwarka’s sector-19 is Rs 12, 350 sqft. 

Furthermore, people have realized the advantages of residing in Sector 19, Dwarka because of its strong connectivity to the employment hubs of DLF Cyber City and Udyog Vihar in Gurgaon via Urban Extension Road-2. Housing demand is anticipated to increase due to the planned Dwarka stretch of the Dwarka Expressway, which will only improve connectivity. 

Many residents’ reviews surprisingly list easy access to schools, hospitals, and malls as one of the best things about Sector 19, Dwarka.

Dwarka’s Sector 17 

Sector 17, Dwarka, is one of the best neighborhoods in Dwarka for high rental income, with employment centers like Udyog Vihar and DLF Cyber City within a 15-kilometer radius. A fair amount of the housing supply includes builder floors alongside residential apartments. A three-bedroom apartment in Sector 17, Dwarka, costs approximately Rs 1.35 to Rs 3 crore. The average property rate of Dwarka’s Sector-17 is Rs 10,000 sq ft. 

Reviews of Sector 17, Dwarka, indicate that because of police presence, it is a safe area to rent an apartment. Additionally, the sector has easy access to metro and e-rickshaw transportation options. 

Because Sector 17, Dwarka, is close to many social and retail amenities within a four to five-km radius, it is also well-liked by tenants and buyers. These amenities include:  

  • Schools: Sarvodaya Vidyalaya, Mother’s Pride, and Government Co-ed Senior Sec.
  • Hospitals: Ayushman Hospital, Venkateshwar Hospital, and Grace Hospital 
  • Shopping malls: Vegas Mall, Soul City Mall, and City Centre Dwarka

Sector 11, Dwarka

The Delhi Development Authority’s (DDA) Sector 11, Dwarka, is a posh housing destination with multiple residential communities. Due to its convenient proximity to employment centers and educational institutions, this sector benefits from a strong demand for housing and rentals. The buyer is looking for 3 BHK apartments in Sector 11, Dwarka, with a budget of Rs 1.5 crore and Rs 4 crore. Dwarka Sector Rate’s average property rate is Rs 13,000 per sqft. 

Although LBS Institute of Management is located in the area, several colleges of Delhi University, IP University Campus, and Netaji Subash Institute of Technology are all five kilometers away. Furthermore, it is easily accessible to Gurgaon’s DLF Cyber City through UER-2.

Additionally, DDA intends to establish new business hubs in Dwarka’s Sector 24, 25, and 26, all within a 15-minute drive. This commercial expansion will likely increase demand for housing in the area, making it one of the best places in Dwarka to get the highest rental income.

A further reason for the generally positive reviews of Sector 11, Dwarka is its convenient access to daily amenities. Prominent social services in the vicinity of the sector include: 

  • St. Gregorios School, MDH International School, and MBS International School are the schools. 
  • Hospitals: Medeor Hospital, Max Super Speciality Hospital, and BENSUPS Multispeciality Hospital 
  • Shopping Hubs: Sector 11, Market, Vegal Mall, and Soul City Mall 

Sector 18A, Dwarka

One of the best places in Dwarka, to get the highest rental income is Golf Course Road, Sector 18 A. One of the main factors contributing to its popularity as a well-known housing hub is its easy access to important locations, such as: 

  • Golf Course Road makes it only a 30-minute drive to Udyog Vihar and  DLF Cyber City.
  • Nearby colleges include National Law University, IP University, and several others. 
  • In the vicinity of Dwarka Sectors 24, 25, and 26, the soon-to-be business hub

In their evaluations of Sector 18A, Dwarka, the locals have mentioned how convenient it is to the Delhi Metro’s Blue Line and how many schools, colleges, hospitals, and other recreational facilities are nearby.

Plenty of 3BHK and 4BHK apartments are available for purchase in Sector 18A, Dwarka, with prices ranging from Rs 2 crore to Rs 4 crore. The current average property price in Dwarka Sector 18A is Rs 13,100 sqft.

Gurgaon and Dwarka are leading the premium real estate boom, with prices rising by up to 53%

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The average capital values of completed and under-construction properties in Gurgaon reached a new high of 30% and 37%, respectively, with year-over-year growth recorded at the city level. 

According to an analysis by global consulting firm Savills India, the top-performing micro real estate markets in the nation are New Gurgaon and Dwarka Expressway, with average capital values of under-construction properties growing by 34% and 53%, respectively, annually over the past year. 

The consulting firm also noted that due to the rise in “work from anywhere” or remote working and relatively high rental yields, North Goa, the second home location, saw a sharp increase in villa prices of 28% over the year. 

The average capital values of completed and under-construction properties in Gurgaon reached a new high of 30% and 37%, respectively, with year-over-year growth recorded at the city level. The average capital value of residential plots increased by 43%, the Dwarka Expressway saw the biggest price increase. 

In Noida, the average capital values of completed and under-construction properties saw notable annual increases of 29% and 30%, respectively. Sector 150 in Noida had the largest growth in capital value for properties still under construction, a growth of 43 percent annually. 

With an annual growth rate of 43%, the sector 150 micro market has the biggest increase in capital value among properties still under construction. 

The average capital value of luxury floors increased by 16 percent annually in Delhi. With luxury floor prices rising by 27% annually, South-East Delhi saw the largest price appreciation. The South-West, which saw a year-over-year increase of 21%, comes next. 

At the city level, the average capital values of residential plots increased by 25% annually. The micro-markets in the South-Central and South-West regions drove this trend, registering the highest YoY growth rates at 29% for each. 

“As new launches offered newer amenities and configurations, the under-construction projects in the top 3 cities of Delhi, Gurgaon, and Noida witnessed higher price appreciation of up to 30% over the year compared to ready properties.” The premium housing market is experiencing strong demand, as evidenced by the ongoing price movement. Savills India claims that the RBI’s decision to keep interest rates unchanged for the sixth consecutive time is another element bolstering the rising demand and should support the expansion of the residential market. 

Price patterns: 

  • In Mumbai, the increase in capital values for properties still under construction is greater than that of ready properties, which saw a 3% year-over-year rise, and under-construction properties saw a 5% YoY increase. 
  • The capital values of Central Mumbai and Western Suburbs (others) experienced a noteworthy YoY increase of 12% -21% due to new launches at prices exceeding the current market average. 
  • The demand for the luxury segment saw notable growth in the market. 
  • The growing trend of hybrid working, particularly among professionals in the financial services and legal domains, made larger spaces in bungalows and premium residences more desirable. 

Bengaluru 

  • Capital values in Bengaluru’s upscale residential market increased by 5-6% YoY during the year. Due to strong demand and higher prices for newly launched projects, under-construction projects experienced higher growth, averaging 7.2% YoY, compared to just completed projects that saw an increase of roughly 5.2% YoY. 
  • After East Bengaluru, which grew by 6.2%, Central Bengaluru saw the largest increase in capital values of completed projects, at 7.5%. 
  • The main drivers of capital appreciation in these markets have been the completion of the new metro route in Eastern Bengaluru and the high demand from HNIs in Central Bengaluru. 

North Goa 

  • North Goa’s average capital villa values increased by a major 28% year-over-year increase. Due to its high rental yields, growing appeal for gated villas, and demographic shift towards younger, lifestyle-focused buyers, it is becoming increasingly popular among homebuyers as a second home location, which is why prices have increased. 
  • The market is seeing a trend of young professionals relocating to Goa, particularly from big cities like Bengaluru, Delhi, and Mumbai. These professionals frequently pursue better work-life balance as digital nomads or in creative industries. 
  • Gated villas in coastal belt areas like Anjuna, Arpora, Baga, Calangute, Candolim, and Vagator were preferred by buyers.
  • The availability of villas in North Goa has drastically changed due to growing land prices. Over the previous five years, the typical size of a villa has decreased by nearly half, from 5,400 square feet to 2,700 square feet.  

The following were the main trends these cities saw all year long: 

Mumbai 

  • Rental values increased in all micro-markets, with estimates ranging from 3% to 8% year over year. The pent-up demand for rental properties brought on by the city’s abandoned building redevelopment can be partially blamed for the increase in rental values. 
  • The market grew as more and more end users began considering renting larger homes in amenity-rich projects. 
  • Real estate near metro stations saw a sharp rise in rental values. The convenience of a quick and reliable commute to major business hubs and entertainment districts is highly sought after by homebuyers.  

Bengaluru

Premium residential developments in South and North Bengaluru witnessed a notable 3% year-over-year increase in rental income. The rate of premium property growth in East and Central Bengaluru was also 2% YoY. 

Delhi

  • At the city level, rental values rose by 31% YoY in H1 2024. 
  • The Central 1 micro market saw a 36% year-over-year rent rise, while the South-Central micro market saw the largest annual at 38%. 

Gurgaon

  • The average rental rate increased by 18% YoY in the city. 
  • The two roads with the largest rental increases were Golf Course Road and Dwarka Expressway, with 19% and 28% YoY growth, respectively. 

New launches across key cities: 

  • There were 1,300 new luxury apartment launches in Delhi in H1 2024, an X4 increase. 
  • In H1 2024, Gurgaon saw a 1–2X increase in new launches, totaling roughly 9,500 luxury units. 
  • Noida has seen a significant increase in newly constructed luxury apartments, with an expected 2,200 units added in H1 2024. 
  • With 5,632 new units introduced, Bengaluru’s premium segment experienced a 156% year-over-year growth in H1 2024. 23% of new launches occurred in North Bengaluru and 55% in East Bengaluru. 

“Buyer confidence was high in the first half of 2024, with investors showing a preference for recently launched properties and end users looking for properties ready for them to move into. Buyer and tenant demand for older developments in grade A corridors increased. Large balconies and green spaces improved the sales velocity of villas and apartments. More attention was also paid to the 4-BHK in the luxury market, which is relevant to both primary and secondary markets. A growing number of new developments in Delhi and Gurgaon indicates a rising need for luxury homes. Shveta Jain, Savills India’s Managing Director of Residential Services. “It is noteworthy that picky purchasers also pursued green buildings, indicating an increasing desire for high-end, eco-friendly living beyond conventional conveniences.” 

The rising number of high-rises in Delhi

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The skyline of Delhi is changing dramatically as the number of high-rise buildings grows. Luxury high-rise living was once only associated with cities like Mumbai, Bangalore, Hyderabad, or Gurgaon, also known as the “millennium cities,” while Delhi was primarily a low-density landscape. While the city continues to offer low-rise developments, times and building regulations have changed. Over the last 13 years, there has been an increase in luxury high-rise residential apartments throughout the capital. Continue reading as this article delves into the various factors driving the surge in high-rise construction in Delhi. 

Top reasons for the growth of high-rise buildings in Delhi 

Let us take a look at the factors that have contributed to the growth of high-rise structures in Delhi: 

New housing projects by renowned developers 

Renowned developers are building high-rise residential complexes in Delhi at a rapid pace. These projects provide modern amenities, cutting-edge facilities, and luxurious living spaces that cater to changing tastes. These new housing projects attract buyers due to their innovative architectural designs and sustainable construction practices. 

M2K Group, a developer in North Delhi, is capitalizing on this trend with projects like M2K Victoria Gardens on Ring Road. This upscale residential complex offers three-, four-, and five-bedroom apartments and luxurious penthouses with private terraces, a double-height lobby, and a private lap pool. The project spans over 4.54 acres and includes 338 units in six towers. M2K Victoria Gardens, which sits next to 5.36 acres of DDA-maintained greenery, stands out for its amenities. 

Increased demand for modern lifestyle amenities 

With changing lifestyles and rising disposable incomes, Delhi’s urban residents increasingly want modern amenities and luxury living spaces. This premium project includes everything from landscaped gardens to solar water heaters, and a treated drinking water supply. M2K Victoria Gardens, managed by BVG India Ltd, provides exclusive amenities such as mechanized parking, concierge services, a laundromat, and an automated car wash. 

However, the project’s focal point remains Club Victoria, an elite multi-purpose clubhouse that provides M2K Victoria Gardens residents with a world of leisure and recreation. Imagine having a luxurious spa and salon day within the walls of your housing society. Imagine working out in the cutting-edge fitness center or relaxing by the Jacuzzi or swimming pool while your children are safe in the creche. That is not all! Club Victoria is a world apart, with a home theatre, sports and fitness center, creche steam room,  multi-purpose event hall, and party terrace. 

M2K Victoria Gardens residents may also use additional amenities like virtual golf. The project includes a multi-activity area with landscaped gardens, an art gallery, a board game zone, a bonsai court, a shared book library, a pottery zone, and an arts and crafts zone. Besides, it also has a children’s playcourt and toddlers’ zone. 

According to Dr Vishesh Rawat, Vice President & Head of Sales, Marketing, and CRM at M2K Group, “As the demand for luxury grows, penthouses are the ultimate choice for those seeking grander and more spacious layouts. We at M2K Group are at the forefront of the trend with ready-to-move penthouses in our project, M2K Victoria Gardens on Ring Road in North Delhi.”

Increasing population density in urban areas 

The rapid urbanization of Delhi has resulted in a significant increase in population density over the last decade. As more people move to the city in search of better opportunities, demand for housing has increased. High-rise buildings emerge as a practical solution for meeting the housing needs of an expanding urban population while using up limited urban space.

As the city becomes more congested, living 30-40 meters above ground level reduces noise and air pollution, thus improving quality of life. Furthermore, given the scarcity of land for horizontal expansion, vertical development provides a viable option for optimizing land use and accommodating a greater number of residential units in a smaller space. Aside from preserving green spaces, vertical growth ensures the city’s long-term development, essential in the modern urban setting.  

Higher restrictions 

As Delhi struggles with overcrowding and a lack of land, both the Delhi Development Authority (DDA) and the central government acknowledged the need for change to adapt to the city’s changing landscape. The city’s master plan was modified in 2013, and height restrictions were relaxed. As a result, developers can now build high-rises on land parcels of 3,000 square meters or larger. Furthermore, in 2014, the FAR (Floor Area Ratio) for plots measuring 750 sq m to 1,000 sq m was increased from 150 percent to 200 percent, while the FAR for plots measuring 1,000 sq m or more was increased from 120 percent to 200 percent. 

Similarly, ground coverage was increased from 40% to 50% for plots measuring 1,000 sq m or more, and remained at 50% for plots measuring 750-1,000 sq m, ensuring optimal land utilization. This move cleared the way for developers to launch ambitious high-rise residential projects across Delhi. By embracing vertical growth, developers hope to maximize land utilization while meeting the city’s rising housing demand. 

Rising  disposable income

Delhi’s strong economic growth and rising affluence have created a growing demand for more upscale housing options. In contrast to low-rise developments, high-rise developments cater to the aspirational lifestyle of affluent homebuyers who value exclusivity, sophistication, and luxury in their living spaces. With rising disposable income, more people prefer high-rises for investment purposes. 

To summarize, the growth of high-rises in Delhi is driven by several factors, including new housing projects by eminent developers, increasing population density, limited land availability, demand for modern amenities, and economic growth, which fuels demand for upscale housing options. As the city grows and urbanizes, high-rise buildings will play an increasingly important role in shaping its skyline and meeting the housing needs of its residents. 

Forbes Global Properties enters the Indian real estate market with plans to build in Goa, Delhi, and Mumbai.

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In Navi Mumbai, Forbes Global Properties intends to construct a 100-acre project. It is negotiating for a housing project in Goa and a commercial project in Delhi. 

On January 24, US-based Forbes Global Properties revealed its entry into the Indian real estate market by providing brokerage services for upscale residences. In collaboration with landowners, it also intends to build two projects totaling 10 million square feet in Delhi and Mumbai. It also investigates the possibility of building a 10-lakh-square-foot residential project in Goa.

The amount of money the company planned to invest in India was kept a secret. 

Forbes Global Properties, a company founded in December 2020, not long after COVID-19, entered the Indian market using a membership network model. It is already present in 26 countries, where 17,000 agents serve clients with real estate needs.  

The international company will receive a membership fee from the Indian venture “Indian Forbes Global Properties.” The Indian venture’s chairman will be A.K Sharma. According to Sharma, the business would use a development management model to carry out projects. “Brokerage is our primary business,” Sharma stated. “India Forbes Global Properties will offer brokerage services for the luxury residential market and is considering purchasing equity stakes in at least two of these consulting firms.” 

India has a sizable market and economy. To better assist our clients looking to purchase and sell luxury properties, we have expanded into India. Forbes Global Properties CEO Michael W. Jalbert will reporters in this location. 

India Forbes Global Properties will first develop a 100-acre mixed-use project in Navi Mumbai in partnership with Orange Smart City, building a 1,200-acre integrated township. Infrastructure construction is the responsibility of the Mumbai Metropolitan Region Development Authority (MMRDA). 

PropEquity Analytics and India Forbes Global Properties FGP have partnered as well. 

“In 2019, there were about 5235 units in India’s luxury real estate market (above $1 million), with a total value of $5 billion. It is now a more than 100% increase in that number.  Approximately 13,600 units are worth $12 billion today. The demand from the NRI segment and the general expansion of the Indian economy are the main reasons for this number’s growth, according to PropEquity’s founder and CEO, Samir Jasuja. PropEquity is a cutting-edge online search platform for real-time data, intelligence, and analytics. 

The network of invitation-only Forbes Global Properties members represents many of the best properties available worldwide for purchase and is exclusive to the most illustrious brokerages in particular cities and second-home destinations. High net-worth individuals, inventors, and real estate investors will have access to some of the most sought-after and unique properties through Indian ventures.