Revanta Group is the undisputed leader in CGHS format of housing societies in Delhi land pooling zones. The group has offered several opportunities of standard life to the people of Delhi and NCR. Revanta has made housing possible for middle class people in Delhi. India’s most promising real estate group, Revanta is now eying commercial and retail sector of land pooling zones. Under their sister concern, APS Revanta Developers, the group has launched their first commercial venture, the Revanta Plaza in Dwarka L-Zone. This news has opened a new dimension in this area. To get a clear picture of how promising is the idea of retail shops in L zone is, the current market stats, government proposition and many other facets in Dwarka L zone, following is a brief study on these topics.
Master Plan Delhi 2021- Growth Engine of the capital:
It is true that Master Plan Delhi 2021 is planned in such a way which looks to revolutionise the housing sector and infrastructure of Delhi. Dwarka L zone is the cream of MPD 2021. Based on the land pooling policy, this zone has already made an impact on the residential sector. That being said, it is now important for the government to keep a small segment of MPD 2021 for commercial or retail shops. Good news for the emerging business minds is that 5% of land under MPD 2021 is reserved for commercial activities. Just like residential sector has seen a great rise under land pooling and MPD 2021, the commercial zone also has the potential to make its mark here. If we do an analysis of the 5% space, we will find that it is good number to bank on. Growth on infra and housing needs a certain retail commercial around itself and this number seems like a perfect one.
Dwarka Current Stats on Commercial in 1st half of 2016:
Google Search results of
For Commercial Shops, Average Per Sq. Ft. Rates for Sale in Dwarka has been INR 39,244/- , an increase of 28% from 2015 rates. For renting purpose current rates are INR 100/- per sq. ft., decrease of 3%.
The biggest gainer has been showroom spaces, where inventories are no longer available for sale, and those who managed to get a unit on rent are paying INR 126/- per sq. ft., an increase of 47% this year.
Dwarka L zone has a great potential for branded retails. Inventories are of great importance when it comes to acquiring shops. Also, since Revanta Plaza is first commercial project to be launched in L-Zone , there is a great chance to get the best inventories. Imagine the scope of business if a businessman acquires a ground floor shop in Dwarka! Soon, these inventories would be running out and acting on the opportunity as quick as possible is the wise thing to do. Why take a shop later at a much higher price and at a dull location when you can get it now at the cheapest price and at the most advantageous location.
Shops has been meticulously designed in sizes of 200, 300, 400, and 600 square feet. Revanta Plaza Complex is spread over Ground, First and Second Floor.