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Should I invest in housing or commercial in Delhi? - Property Hotline
Posted
March 20, 2017
Views
635
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3
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March 20, 2017
635
3
0.47%
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2:23Now PlayingExpert: Ashwinder Raj Singh, CEO, Residential Services
Question: I intend to invest Rs 50, 00,000 preferably New Delhi around Dwarka. Should I invest in Housing or Commercial? Kindly advice
Answer: In Delhi, if you are planning an investment worth Rs 50 lakh, it becomes difficult as the residential societies or commercial sector both will require you to stretch your budget to around a 1 crore which is almost double than your budget unless you are looking at local developers. Local developers will offer residential apartments in range of Rs 25-50 lakh but there are various considerations in terms of approvals and quality and hence we will not advise you to go ahead with local builders.
As an alternative you can consider Dwarka Expressway which happens to be in Gurgaon but is very close proximity to Dwarka. A number of sectors such as 102, 108, and 113 lie in 0-5 kms of Delhi border and have ample options that will suit your budget, you can look at a descent size in 2BHK as well as commercial shops in this patch.
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