Delhi, the capital of India, has
been the real hotspot in the real estate industry in the country. In recent
years, Delhi property market is growing at a phenomenal rate due to great
improvement in the transport system, expansion plan of 65 km- long Delhi Metro
Rail and the commencement of 2010 Commonwealth Games in the capital.
A real estate consultancy has
rated recently New Delhi as the 16th most expensive real estate market of the
world and the costliest retail destination in India. The demand for real estate development is
expected to remain robust across Delhi property market due to huge demand from
IT/ITES sector.
Residential Real estate
Delhi residential real estate
market segment is growing exponentially because of huge demand for housing from
IT/ITES and foreign diplomats. South Delhi is the most happening residential
place in Delhi property market and the rental values of residential properties
like the flats, villas and duplex houses are extremely at higher end.
Commercial Real Estate
The leading retail brands in
Delhi property estate market has generated huge demand for commercial space in
the city because of its large format retailing and burgeoning demand from
IT/ITES segment as well.
According to industry survey,
Delhi real estate is considered to touch greater heights in the hospitality
sector with 27 new hotels and serviced apartments with more than 4900 rooms in
the next 3-4 years. And, the other interesting and fascination information is
that Delhi real estate is expected to touch minimum hundred shopping malls by
end of 2010 due to burgeoning retail space demand in Delhi real estate market.
South Delhi is the most happening
residential place in Delhi property market. It is the most preferred location
of most of the people who prefer a peaceful existence. Many residential
projects of the major construction majors are coming up in this region. Buyers
from the corporate and government sectors and infrastructure development in the
region are the main reasons for the vibrant property market in South Delhi.
On a proper analysis of the data
it would be clear that the latest trends in Delhi property for sale show that
major residential regions of the capital are in a higher appreciation than
other regions. For example, Rajender Nagar, Hauz Khas and Greater Kailash are
in the better preference areas of the Delhi people. The higher demand for prime
residential units is mainly due to the significance of the place being the
national capital. Further, Delhi is the primary educational center in India.
This aspect attracts more people to the capital than to other prominent places
in India. Being the national capital, there is a huge population of Central
Government employees in the capital and that is another reason for the
increasing demand for residential
properties in Delhi.
Latest Delhi Properties for sale
price trends show that investing in the residential sector is more profitable
now. It would be insightful to see that in spite of the recent slump in the
market, residential sector is showing considerable appreciation.
Both the Central Government and
the Government of the National Capital Region have taken several initiatives
through the Reserve Bank of India (RBI) and the Ministry of Commerce and
Industry, Government of India and other agencies to further boost the
residential property sector in the region. These aspects collectively
contribute to the higher appreciation of the residential properties in the
national capital.
Ravi Chauhan, he writes on behalf
of Noida Real Estate, which is an internet portal dedicated to meet every
aspect of the consumers needs in the real estate industry. I recommended to
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in Indian property ensures profit.