Vasundhara Enclave Struggles to Attract Homebuyers Despite Potential
Despite expectations that Vasundhara Enclave in Delhi-NCR could become a desirable residential area, the location unfortunately remains unpopular among potential residents. The prices of properties in this locality have remained relatively consistent, but demand has remained subdued.
Home sales fall in Vasundhara Enclave Delhi.
Its proximity to East Delhi and Noida, coupled with the presence of numerous commercial and residential hubs nearby suggest the area should be booming. However, significant improvement has been slow to materialize in Vasundhara Enclave.
For individuals employed in Noida, this location provides a convenient commute, extending easy access to various sectors within Noida and East Delhi. Notwithstanding these advantages, only a limited number of people are actively seeking residential apartments within the area.
The rental rates in this location average around Rs. 14,000. This area offers a mix of housing options, with options for both multistory residences and single-story apartments. On average, a multistory apartment is priced between Rs. 45 lakh and Rs. 2 Crore. On the other hand, the average cost for a residential apartment is Rs. 2 Crore.
Vasundahara Enclave Delhi sees falling demand for housing units.
While the region is serviced by various schools and hospitals, the interest in properties remains quite low.
Expert Opinions on the Market Slowdown
Sandeep Sharma, a local real estate agent with Asian Estate, noted that the sluggishness affecting Vasundhara Enclave's real estate sector mirrors a broader trend seen across Delhi. He stated the issue of inactivity is indicative of a wider problem.
Another real estate agent expressed the belief that the locality possesses all the necessary attributes to flourish. He anticipates a swift resolution to the current stagnation, attributing the decline in demand to this period of inactivity.
Anurag Kapoor of Kapoor Associates concurred, acknowledging that the real estate market of Vasundhara Enclave has not lived up to prior expectations. This local real estate agent also admitted the lack of buyers within this locality.
Local real estate experts anticipate an improvement in the situation within the coming months. However, even with this potential improvement, they remain doubtful about the prospect of a quick boost in home sales within this area.