Real Estate in India has seen a
tremendous growth over the past few years and there has been a sudden increase
in property prices in major cities across India. Real Estate in Delhi has
beckoned many foreign investors with 100% FDI in the Real Estate sector.
Property developers and Builders in New Delhi have certainly cashed on this
boom and this is the reason why we see new structures and developments in
residential as well as commercial properties in Delhi. Buying and selling
property in Delhi is no more limited to just purchasing and selling a house or
a home but it has taken a form of investment in real estate. Buying a second
home is always seen as an investment prospect with too many options available
for buying property.
New Delhi is ranked one of the
most costly cities in terms of cost of living. And it is not a mere hype but a
reality, which has strong foundations in the remarkable living standards of its
inhabitants.
The real Estate in Delhi has
always been on the upswing. But with the booming economy and fast developing
satellite cities such as Gurgaon, Noida and Faridabad, Delhi never had it so
good. Unlike many other real estates in the country, the worth of New Delhi
property is based on some strong credentials.
The capital city boasts of an
International airport, plenty of five-star hotels, vast rail network augmented
by state-of-the-art Delhi Metro, efficient road links, malls, multiplexes and
major government offices. Considering the availability of such a massive
infrastructure, the Delhi property market remains high on the investors’
agenda.
The upward trend is likely to
continue with the focus now shifting to East Delhi as major center for
development of real estate market. East Delhi was,
until now, considered as a down-market in the intra-Delhi real estate sector.
But with a changing trans-Yamuna
skyline, malls, multiplexes, entertainment hubs and special features like
Akshardham Temple, East Delhi is all set to challenge its more privileged
southern counterpart.
Demand for properties in Delhi
has increased owing to the easy availability of home loans in India as well as
builders and constructing providing luxury flats, apartments and homes at
affordable price. Multinational companies and corporate bodies are looking for
office space and commercial establishments in Delhi and NCR. Since, Delhi has
the scope to expand its boundaries to the neighboring satellite cities, it is a
much sought after destination for foreign investors and other multi national
companies.
Real Estate in Delhi has
witnessed brisk growth in the past few months with more and more projects
coming up in the area. Builders and property dealers have cashed on this boom
which has ultimately made real estate a profitable
industry. Also, from a buyers and sellers prospective, you have more options at
hand. It is now easier to buy a property, home or a plot as compared to
scenario some five years ago. Easy availability of home loans in India has
definitely helped the middle class people to make their dream come true.
Properties In Delhi
Delhi Properties are all set to
don a new mantle with the government of New Delhi coming down hard on illegal
buildings and their usage. With such positive measures, the real estate agents
in New Delhi feel that the legal property market will get a boost
because the investors will obviously get attracted to the place where their
real estate investment is protected by the government. Moreover, in the recent
past, the Delhi Rent Control Act has ensured that the legitimate interests of
the landowners will be protected.
There are many avenues in Delhi
if you are looking for buying home, land, plots, flats, Bungalows or villas in
Delhi. Farm land and Farm houses in Delhi can be seen in South Delhi area like
Mehrauli and Budarpur.
Another promising prospect is in
Dwarka area of Delhi where new apartments and flats are coming up day by day.
Dwarka has the advantage of good connectivity with central Delhi through Delhi
Metro Rail network and the proximity to the airport makes the place even more
important.
Demand for office space and a
commercial building in Delhi has increased in the past few years which also
means that possessing an office space in a commercial hub is no cheaper. With
the increase in the demand for more office and business space, rental rate for
a commercial space has also increased.
Property Investment In Delhi
Investment in property has always
been a lucrative option and with the growth of Real Estate
industry, there has been a sudden increase in property investments. Delhi is
the home to many multinational companies, bureaucrats and the most important;
it is the power hub of the democracy of India. So investment in Delhi is
definitely a lucrative option considering the rebate government has given in
FDI, Real Estate and flexible norms of the RBI.
Delhi is a multilingual city with
people from each and every part of India having their presence. The economy of
Delhi is expanding day by day with the establishment of more industries and
influx of more investments in the city.
Buying a property in Delhi is a
wise move because you can possess a house, flat or a plot at a decent locality
within Delhi. If you are looking to relocate to Delhi then it is the best place
because the city’s infrastructure has improved with the advent of Metro Rail
service and the proposed New Delhi Master Plan 2010 has all those ingredients
that would make Delhi a world class city.
Delhi has good schools and
colleges with scope in technical education in the form of medical, management
and engineering colleges. Delhi has its own historic importance with cultural
values still very much preserved in the city.
Foreign investors and NRIs living
abroad are now looking at Delhi from investment point of view where they have
the option to invest in luxury flats, apartments, home, villas, penthouses,
farmland and bungalows.
If you are a foreign investor or
an NRI or an Indian and wish to invest your money, seeking good returns then
Delhi is the best choice for you. This is because return on Real Estate investment
is higher than any other form of investment and the return would come to you
within a very short span of time.
