What are prospects of buying residential property in Dwarka L Zone

Q: There are so many residential projects in L Zone Dwarka but right now there is absolutely no infrastructure in the area. Builders are selling apartments by saying buyers that l zone will be a smart city in next 4-5 years. Is it really possible? What is your opinion regarding time taken in building basic infrastructure in L Zone (forget about smart city). Is it worth to invest 47 lakhs for a 2bhk flat in Victorian Privilege project in L zone by Victorian corporation developer?

Vinod Kumar, Delhi

12th August 2015

Investment Advice in Delhi

dwarka expressway

real estate in delhi

buy 2 bhk flat

dwarka flats

buying proerty in delhi

dwarka infrastructure

dwarka real estate

Follow Discussion

Also see discussions for

Delhi Investment Advice Investment Advice in Delhi

Replies (22)

Maybe it the appropriate time for investment in the L Zone under the DDA Masterplan 2021but the buyer should not forget that extra time on the real use of the schedule on the land require by the authority. Therefore drafting that you are Investing in these times you will have to sit small for for a few years for the investment to grow. Compare the housing property before buying.

Aakash, Delhi

29th September 2015

Comment

Hi Aakash,
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,

1st October 2015

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,

1st October 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

1st October 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

2nd October 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,

3rd October 2015

Thanks for sharing, It is a good website for housing property comparing. Compare casa fixed mine all doubts about property. In the real estate industry required this kind of website.

yogesh kumar, Delhi

8th October 2015

I'm really happy with compare casa because the company is completely genuine and show the real qualities and as a customer we receives real property information on compare casa. I am getting real responses. We save money, time and a lot of things.

Shoraya Goyanka, Delhi

10th October 2015

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

Ananya,

12th October 2015

At present there are lots of real estate portals in the marketplace and do it as good do I even enrolled at magic stones and 99 of the last three year and fell in believing that there was no one can be even dare to become well.

Abir Gupta, Delhi

13th October 2015

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

Ananya,

16th October 2015

HI @@@@
In L zone there only society can sell their project because land status is agriculture so there is no approval so builder can not sell their projects,and keep following points before investing in l zone
1-check registration of society and back ground of promotors,
2 always check the registry paper of land parcel
3-Check the locations of land parcel as it would decide your land
so happy investing

bhuvnesh, Apartment Resident, Gurgaon

25th September 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

bhuvnesh, Apartment Resident, Gurgaon

11th September 2015

Comment

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

Ananya,

14th September 2015

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
4. Consult a reputed property consultant to save yourself from False commitments.

bhuvnesh, Apartment Resident, Gurgaon

9th September 2015

Comment

After grand success of P-2 Zone Delhi and recently SMART RESIDENCY in L-Zone Most Reputed welfare society Revanta Multistae CGHS ltd launched luxuries apartment Revanta Height in L-zone@3000/sft.

Birendra Patel, Gurgaon

7th September 2015

Comment

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

Ananya,

22nd September 2015

bhuvnesh, Apartment Resident, Gurgaon

4th September 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

3rd September 2015

Comment

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

1st September 2015

Comment

Trusted builder in L ZONE
Look following things before investing,,,if these are principle for determining trusted builder
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

31st August 2015

Comment

Hi @@
In any investment first of all security should be first priority and for security you should check following things
1- Credibility of any developer and promoter,you can check their background,
2-Collateral ,as you must analyse any developer and promoter would able to return your funds or not

bhuvnesh, Apartment Resident, Gurgaon

31st August 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

26th August 2015

Comment

Hi Guys ,
BE careful,there not plots in approved area available for sale,almost 80% land of this area to sold out to builders and investors,plots are available in unapproved areas,
There are good opportunity in this area for investment and this is the best place to invest but INVEST IN RIGHT PLACE do not be lured by some offers,discount and assured returns,.

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

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

MY DEAR INVESTORS
Builders can not sold their project in L ZONE as they can not do ethically if this would be story Top class builders would start selling their project as every one love money. Land status is agriculture so builder can not sold unapproved projects and but societies are taking only land cost for purchasing land only society model is acceptable at this moment. Beware of small builders who claim their big background,offerring lucrative assured return and selling their project twice,, Check the background who claimed more than 55 project delivered ask him HOW MANY THIS BUILDER DELIVERED AS BUILDERS .

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

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 Guys
BE careful,there not plots in approved area available for sale,almost 80% land of this area to sold out to builders and investors,plots are available in unapproved areas,
There are good opportunity in this area for investment and this is the best place to invest but INVEST IN RIGHT PLACE do not be lured by some offers,discount and assured returns,.

bhuvnesh, Apartment Resident, Gurgaon

24th August 2015

Comment

Mr James is saying, construction work will start in 2017 (that too is not certain) and delivery in 2021. Even land pooling hasn't finished yet and land is not final. That means there is nothing on ground, everything is on paper.

Vinod Kumar, Delhi

14th August 2015

Comment

Hi Vinod,
Like you said, currently land pooling is going on. But there must be some time period for this. And yes everything is on paper. DDA has taken this initiative of land pooling, so that in future there will be no land litigation. So that there will be no dispute between builder & buyer. Definitely it will take some time. Once land pooling is done, builder will begin the construction.

James, Delhi

20th August 2015

Hey Vinod,
Victorian Privilege is one of the popular residential development in L zone, Dwarka. This project offers 2BHK, 3BHK & 4BHK apartment, area ranging from 1050 sq-ft to 2250 sq-ft. Builder quoted price is around 4500/sq-ft. This project is located in one of the decent most preferred investment location. It is expected that possession of this project will be in 2021 December.

Jeet Bhaskar, Delhi

13th August 2015

Comment

Yeah, I believe investing in this project is not a bad idea, may be this location will take 3-4yrs to be fully developed, but still as compare to other nearby localities,this is an ideal place for investment. You will pay 10% for booking, then after 1yr only you have to pay again 10%. If that time you want to close it, you can do it,no issues.

Richa, Delhi

13th August 2015

Currently booking is going on. This project will have G+18 floors in around 8acres of land. As of now land pooling is going on. Once the pooling will complete, then builder will start construction. So around year 2017, the construction work will start. Project will come near to IGI airport, Metro station as well as Cyber hub.

James, Delhi

13th August 2015

Hi Vinod Kumar,
As per my knowledge, with a specific end goal to make Delhi a world-class city and to pander to the surplus interest for residential units to accommodate the growing population, Delhi Development Authority (DDA) under the Master Plan Delhi (MPD) 2021 is concentrating on new areas at Zone J, K, L, N & (P-I and P-II) for raising residential projects.

Wahi, Noida

13th August 2015

Comment

According to the Master Plan, nearly 24 lakh residential units will be expected for an predicted 23 million people by year 2021. On an average, the space required per person would be 40 sq-m, covering about 920 sq-km of city or location for the projected population.

Mukhesh, Noida

13th August 2015

Hi guys,
Future of this location is not bad ,not good even. If you are buying plot, you have to wait 4-5yrs. If you are buying to construct your dream house here ,still then you have to wait for 4-5yrs. And one more thing as per sources, it is quite hard to find apartment in this location, only plots & plots are available.

Arpit, Delhi-NCR

13th August 2015

In my perspective, right now,residential property land is all the more in Delhi which is insufficient to take care of the demand. Thus, it has ended up vital that new zones be opened up. This policy will illuminate the intense lack of area in Delhi and make the capital a world class and economical city.

Santosh TR,

14th August 2015

I will neither say this is a developing location ,suitable for investment, in same time nor I will say development authority has full control of this location, so you can invest here purchase for future construction. Why I am saying because I think it will take 2-3yrs of time to develop this location. Some times you may encounter with plot litigation.

Sujan Mitra,

15th August 2015

According to sources, the concern is the time period which these areas may take to develop. In Raipur, where a similar scheme is prevalent, the basic infrastructure is already in place. When it comes to Delhi, social fabric and basic road infrastructure seems to be missing in areas such as Narela, Nagafgarh and Khanjhawala.

Arpit, Delhi-NCR

16th August 2015

After grand success of P-2 Zone Delhi and recently SMART RESIDENCY in L-Zone Most Reputed welfare society Revanta Multistae CGHS ltd launched luxuries apartment Revanta Height in L-zone@3000/sft. call 9599928607

Birendra Patel, Gurgaon

7th September 2015