Delhi Property Market Trend Overview
The city of New Delhi has always enjoyed popularity among those who wish to settle outside their hometowns. Besides being the capital city of the nation this is also a big hub of various commercial and business related activities. This is also the political center of India that makes it imperative for you to be here if you are associated in the same sphere of work. There are several areas and places of the country that have increased in the value over the years and have been given the tag of being some of the most expensive areas and places of the country.
With an increased demand for commercial and residential properties in Delhi there has been a steady development of the surrounding regions as well. The actual city of Delhi has met with a saturation point whereby interest for properties started growing in the neighboring regions and suburbs. These were developed giving airy and spacious accommodations to the people. Soon enough these were caught by popularity thus increasing their intrinsic values and prices.
Over the years of privatization there have been several companies that have forayed in various new sectors of Indian economy. One of them is the IT and the ITES sector. Apart from the Indian companies there are several international companies and names too that entered the Indian market and set up their plush and elaborate offices. These have not only led the government in being more encouraging with the availability of good roads and other facilities; this has also increased the value of land in several areas of Delhi.
Owning a property in Delhi is a profitable proposition nowadays with its increased valuations. This is also including the properties that are located in erstwhile suburban locales of Delhi. The ever increasing demand for more properties in Delhi is determined by some of the reasons among many others.
- Center of political affairs
- Center of economic affairs
- Presence of more job opportunities
- Better prospects of business and commercial success
- Presence of diplomatic embassies and consulates
- Capital city of the country
- Presence of various companies and their branches
- Cosmopolitan society
- Place of historical and social importance
- Better facilities and amenities
- Presence of top universities, schools and colleges in the country
These are only some of the reasons that bring people to invest their money in properties of Delhi and even profit from the same. There are several types of properties that are available. Being the capital city of the country this is a city that sees a cross section of Indians and foreigners who come to settle here. This also encourages builders and companies to design some of the best buildings for residential and commercial purpose.
If you were to assess and compare the appreciation of values and capital gains of the available properties Delhi will always feature on top of the list of Indian cities. There has been an enhanced yield of more than 10% to 20% both in terms of capital gains and even from rental incomes of the various properties of Delhi for their owners. Over the years of real estate development there has been the inclusion of properties in Delhi NCR. Here you will find some of the state of the art buildings and contemporary architectural design layouts and styles that have been adopted. The availability of finance from banks and private finance companies has also made the scope of acquiring homes or even investments in property easier to consider. Home loans and personal loans that people take for such matters are conveniently available and at attractive rates of interest too.
There has also been a steady growth in the number of builders and construction companies in the region of Delhi and Delhi NCR. Many of these are established names and have credibility of the successfully completed projects in their name. The newer companies too are capable and are also bringing in international standards of design and comfortable interior luxury to suit the needs of the modern buyers. There is also a considerable tapping of the NRI (non resident Indians) market. Thus these properties are made to similar standards and specifications of comfort, luxury and security. You will be amazed to see the in house facilities that come with the construction of swimming pools and Jacuzzis in every floor of apartment buildings.
Residential Buildings in Delhi
Delhi has one of the maximum or the highest price ranges when it comes to residential properties in India. there are places in the city like Golf Links, Chanakyapuri, Prithviraj Road, Aurangzeb Road, Sundar Nagar, Shanti Nagar, Westend, Anandlok, Panchsheel, HauzKhas, Maharani Bagh, Friends Colony, Saket, VasantVihar and JorBagh among several others. You will find these places to be inhabited by industrialists and well known corporate honchos to diplomats and senior official in the government. There is an alignment of individual houses, bungalows and villas. High rises and apartments with penthouse options are also found.
Commercial Buildings in Delhi
There are places and regions of Delhi that is known for its shopping and retail outlets. There are some of the best of international and national companies and brands that are available here. Places like these include the well known Connaught Place, Khan Market, Karol Bagh, Lajpat Nagar, South Extension and Greater Kailash.
There is also the availability of state of the at modern shopping malls and complexes in the neighborhoods of Rajouri Garden, Rohini, Saket, VasantVihar and PitamPura. There is a consistently high price of the facilities for retail outlets that are found here.
Delhi is also the capital of the country and thus needless to say there is a wide range of commercial and corporate lineup of offices and headquarters too that are seen here. Even though over the past decade places like Guragon and Noida have come up in a big way as the center of IT and ITES offices and operational bases for companies Delhi continues to have an omnipresent rule over them.
In Delhi the typically corporate and industrial areas are found in Connaught Place, Nehru Place, Rajendra Place and Okhla Industrial Area which are to name a few. There are other such places that can be seen to fast develop in places like Jassola and Saket.
Residential and commercial properties occupy the two most important places in the arena of Delhi properties. But over the past few years there has been another area - hospitality industry and healthcare facilities. You will be able to locate the establishment of hotels under foreign and Indian companies that are works of splendor. Healthcare facilities and large establishments are also catching up in their frequency and popularity.