Price trend of the area Narela

Q: Can any one update me with the price trend of the area Narela”

rahul kirmani, Delhi

23rd July 2013

Real estate News in Narela, Delhi

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price trend

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Replies (9)

DDA results are out and many people have got flats(LIG& MIG) in narela. But the prices quoted by DDA are quite high as compared to the usual market rate. So what shall the users do now, those who have got a flat in dda draw ?

Navdeep Aggarwal, Apartment Resident

26th November 2014

Comment

How is the connectivity from this locality to the other parts of the city? What about the water supply and electricity distribution?

Akash Kanojia, Delhi

21st October 2014

Comment

Narela was developed by the Delhi Development Authority (DDA) as an industrial extension of Delhi, with an intention of developing it as a sub-city of Delhi, similar to Dwarka. The area lies close to Sonepat and the Delhi arterial highway (AH)-2. The arterial road directly connects the area to Delhi and the NCR region. The area has very good water supply and electricity distribution. However, it currently lacks the necessary physical infrastructure and connectivity. There are few buses in the area but they do not provide the necessary connectivity to other areas.

Jitendar, Gurgaon

21st October 2014

It totally depends on the infrastructure of the area and how much growth the government has planned for the region.

Sanket Rajput, Delhi

26th July 2013

Comment

Real
estate in this place has been dry since years, because there is no connectivity, it is expected to change as soon as Metro enters the sub-city. The area have only limited DDA flats and being one of the part of NCT region the demand will score up soon

Bhawna, Gurgaon

25th July 2013

Comment

DDA has now taken up the task of improving the area by putting in the Zone P1 in its Master Plan 2021. This move makes it possible for a huge residential development in the area. The Delhi Metro Rail Corporation (DMRC) will be soon taking up a survey for extending the present metro line from Kutubgarh and Kundli. The area already has some greenery with parks and open areas. There are also several roads within the locality as well as some small markets where people can go shopping for their daily needs. All these, if developed properly, can improve the prospects of Narela.

Pranjal, Delhi

21st October 2014

So this means this is an upcoming region in NCT for real estate investment?

Jitendar, Gurgaon

25th July 2013

Comment

How is the real estate prospect of the area?

Surabhi, Delhi

24th July 2013

Comment

This is due to the absence of infrastructure of the area. This price range will soon attract many developers for launching residential and commercial projects.

Aisha, Noida

23rd July 2013

Comment

The price trend of the area differs between Rs.3200 sq ft to Rs 4600 sq ft

Sheila, Ghaziabad

23rd July 2013

Comment

Are there any apartment for re sale?

Shefali, Gurgaon

23rd July 2013

If the price is so low, why there is no demand

Varun,

23rd July 2013

The region has MIG flats and DDA flats, there are hardly any projects?How is the place for commercial investment?Wat is the price range of appartments present in that area.

Pranjal, Delhi

23rd July 2013

Comment

he DDA has already developed several Janta flats as well as LIG (lower income group) and MIG (middle income group) flats in Narela. However, due to the lack of proper physical infrastructure in the area, many of them haven’t been occupied. Since the flats are built in the affordable segment, property prices are very low. A Janta flat typically has a built area of about 200-400 sq. ft., while a LIG flat has a built area of about 300-450 sq. ft. A MIG flat has a typical built area of about 850-900 sq. ft. A Janta flat costs about Rs 7-11 lakh while a LIG flat costs about Rs 20-25 lakh and an MIG flat costs about Rs 40-45 lakh.

Sufia, Delhi

21st October 2014