Revanta Smart Residency project review.

Q: I would like to know your opinions regarding Revanta Smart Residency project as well as few information about L-zone. Do you guys think ,L-zone is good for investment in current real estate market ?

Raj Roy, Delhi

31st July 2015

Residential Project Review in Revanta Smart Residency, L Zone, Delhi

project review

locality review

delhi real estate market

current market scenario in delhi

delhi master plan 2021

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Replies (10)

Dear Investors @@@@@@@

I can see that there is much emphasis on investment in L zone and as the market is reverting to L zone this would be upcoming and best place to invest. Following are the key points which will give hype to the area :
1. Proximity to Airport
2. Proximity to Commercial Hub Gurgaon
3. Delhi Pincode
4. Diplomatic Enclave
5. Dwarka expressway
6. Close proximity to Existing metro station Dwarka 21
7. AIIMS 2 in vicinity
8. Well connected with upcoming Major roads.
9. Prices per square foot already reached to 10500 in Dwarka and 11000 in gurgaon

Now things to keep in mind before investment:

1. Time frame for investment should me more than 5-7 Years
2. registerred society,check proper documentation and registry paper of land
3. Consult a reputed property consultant to save yourself from False commitments

bhuvnesh, Apartment Resident, Gurgaon

11th September 2015

Comment

I am a first time investor here. Not having much knowledge about real estate. Can you kindly guide me, what I should do? Help me by providing some project information. Thank you

Sachin Singh, Greater Noida

15th September 2015

Hi Sachin,
As per my knowledge, as a stage towards encouraging the developing need of housing in Delhi, the Delhi Development Authority (DDA) is dealing with the Master Plan of L Zone. L Zone is required to provide a stimulus to the moderate and stagnant real estate business sector of the national capital.

david.m,

22nd September 2015

@ Sachin,
As per development plan, the authority has isolated Delhi into 15 zones wherein "L" Zone is the biggest and brags Najafgarh as the main evaluation town in the zone. At present the zones are open for purchasing plot, wherein the private builders as well as housing societies are approaching with their investment ideas.

bashir,

22nd September 2015

Guys,
There are two types of purchasers in this L zone - land purchasers and home purchasers. The plot owner must go through the land pooling policy in subtle element and purchase arrive that falls under the residential zone. The home purchasers, who are interested in the real estate market here ought to verify that the builder has all the essential approvals from respective authority.

Yachnna, Ghaziabad

22nd September 2015

As the L Zone is in the early phases of planning, you may have the capacity to get the advantage of a first-comer, however there are a couple of things that one needs to consider. A home purchaser must realize that the land pooling policy has quite recently been advised and not yet operational though. So, it may consume some time for the builders to get plot from DDA for further development.

Vashi K, Gurgaon

22nd September 2015

Maybe it's correct time to invest into L Zone under the DDA Master plan 2021, yet the purchaser ought to remember that it may require some time for the real utilization of the plans on ground by the authority. Therefore, suppose you are investing at this time then you have to sit tight for a few years for the investment to grow.

V. Victor,

23rd September 2015

Hi @@@@
L is probably is best place to INVEST in delhi and ncr but you should be careful while INVESTINGand remember my following points
1-Here risk factor is TIME so do not INVEST for short time or with debt asset,here you can invest your surplus MONEY because here you have to wait for return.
2-Now if you have some long term INVESTMENT plan then only you should move to L zone,so put your money in trusted brand do not go for discount,price invest in big and registered promotors.
3 Check all documents and land paper before investing

bhuvnesh, Apartment Resident, Gurgaon

11th September 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

11th September 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

1st September 2015

Comment

Hi,
Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants.

Ananya,

7th September 2015

Hi Look following things before investing,,, 1-Look at the land parcel and got verify in authority,we have kapashera authority and 2 Important things analyse land locations also as it would decide your project locations. 3-Check registration and background of any developers//societies before investing.

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

Hi
L zone is best place to invest because of following things
1.Locations (great locations due to dwarka,gurgaon,diplomats township,IGI airpolrt,)
2.Infrastructure.still there is connectivity ,in future it will become great place
3-Demand-there is great demand for home in delhi,delhi population is increasing,,,,,,
4.PRICE APPRECIATION,,there is great chance for appreciations,as already prevailing rate is 10,000 for dwarka
ONLY PLACE THAT HAVE SOME MOVEMENT,So guys happy investing

bhuvnesh, Apartment Resident, Gurgaon

31st July 2015

Comment

Hi Bhuvnesh,
Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants.

Ananya,

10th August 2015

HI
Before investing you should check following things
1-Registry of land parcels,and got verified in authority.
2-Location of land parcels as it would decide site for your project.
2-Background of promoters and delivered projects,,

bhuvnesh, Apartment Resident, Gurgaon

31st July 2015

Comment

So apart from this land pooling policy what more is important in this project? L- zone & smart city are two other key factors here. As this project located in L-zone here you will have all daily basic amenities nearby. Like within 500 meters from project there will stores & health facilities. There are wide roads connecting smart residency to IGI airport & NH-8 with in 10mins.

Pranab Malakar, Delhi

31st July 2015

Comment

Ok, this location is going to be developed as smart city. So residents here will have 24Hrs uninterpreted power supply, 24Hrs water connection, 24Hrs highly moderated security as well as organized mass transport. The most famous Diplomatic enclave is around 5mins away from this project. Proposed AIIMS-2 is approx 10mins from here.

Veena K,

1st August 2015

Dwarka Sector-21 metro station is around 3-4km from project is already in running stage. From connectivity & affordability point of view, L-zone is well planned & organized by Delhi Development Authority. L-zone offers affordable housing facilities specially designed to take care of middle class people requirement. Good location, good connectivity & better affordability are the main reasons, why people will invest or have their home here.

Sujan Mitra,

2nd August 2015

The main intention behind this project is to provide litigation free property to people. What exactly people fear are land dispute, project possession, a better location as well as a better project. Here in L-zone this Smart residency project is clearing all their doubts & providing them a litigation free fully secured affordable home with modern amenities.

Bulbul Verma,

3rd August 2015

Yeah what more we want. If my project is located in a smart city developed on a approved land & developed by a well know builder ,then that I will call as my dream house. Revanta smart residency is going to provide people same dream house. Here in this project as per govt plan, solar energy will be used, rain water harvesting & water purification is compulsory, organized drainage & waste disposal service will be provided.

Samrat,

4th August 2015

As per sources, there will no dispute over the land as it is being developed as per land pooling policy. That means plot owners will surrender their land to central pool so they will become a stake holder to whatever development will happen on their plot. After land pooling, owners could get around 40-60% of land. So they can use it for construction .

Arpit, Delhi-NCR

31st July 2015

Comment

Indeed Arpit. And the rest of land will be taken by Delhi Development Authority to use for infrastructure development . So here are two types of pooling policy. Suppose you have surrendered 2 to 20 hectors of plot , land owner will get 48% of it . And if 20 hectors or more land you surrendered ,then land owner will get 60% of it.

Vibhor, Delhi

31st July 2015

Hi Raj,
As per my knowledge, Revanta Smart Residency is one of the residential project developed in L-zone by Revanta Multi State CGHS. This project offers 2BHK, 3BHK & 4BHK apartment, area ranging from 975 sq-ft to 2100 sq-ft. Builder quoted price is around 3000/sq-ft to 3150/sq-ft. Expected possession of this project is between 2020 December. This is a authorized semi government project.

James, Delhi

31st July 2015

Comment

Hey Raj Roy,
This project has spread over 5acres of land, having 5towers & 15floors. Approx 300 units will come in this project. Project will have 70% open space & 30% construction area including all amenities & car parking. 70% open space will have greenery. As per the government plan everything will be constructed. There will be no low rise structures. Compulsory high rise structure will be constructed in this land.

Richa, Delhi

31st July 2015