Real
Estate Scenario in Delhi
Delhi, the capital of India being of national importance is as always the most sought after place for residents and corporates alike. Over the years it has been the addresses of the high profile - the rich and the powerful and has served to be the most secure zone for the foreign embassies and their diplomats. But coming to investments in India, industry experts believe that investing in the national capital real estate can prove beneficial in the long run and is driven more by investors than by end users.
Delhi is ranked as the second largest market
in the country in terms of size and socio-economic profile
and with an affluent population comprising a cosmopolitan
mix from across the country, it is predicted that the capital
value is likely to increase. The boom in the realty sector
of Delhi is also due to the growing interest of NRIs
to purchase homes and second homes in the city. A majority
of real
estate consultants believe that Delhi and its suburban
neighborhoods will consolidate their recent gains in property
prices and appreciate further in the next two years. Overall
returns expected (including capital appreciation and rental
yields): 10-17 per cent a year.
In the residential sector, a majority of the leading real
estate consultants believe that South Delhi will continue
to generate demand and that investment in these areas and
adjoining them will fetch returns of 5-8 per cent a year
for the next three years. Of late, there has been an increase
in demand for flats, especially in the areas lying between
the Inner and Outer Ring roads. Adding to the ever increasing
demand for properties in the national capital, the land
prices and residential properties have increased many-fold
and are still on the rise thereby making investment in the
capital city of India a deal worth to be clinched.
Some premium residential locations in Delhi which are favored
by expats, diplomats, industrialist and senior managers
are Golf Links, Jor Bagh, Shanti Niketan, Westend, Anand
Niketan, Neeti Bagh, Amrita Shergill Marg, Prithviraj Road,
Vasant Vihar, New Friends Colony, Ishwar Nagar, Sunder Nagar,
Chanakya Puri and Panchsheel Park.
Coming to the retail
sector in the real estate segment, Delhi is already
a hotspot for retailers. Delhi
has been a traditionally a leading city in retail activity
in the country. And the trend is continued as the cash-rich
Delhi population is an ideal market for high-end retailers
and this explains the presence of all the premium brands
in the city. Almost all Indian retail giants are present
in the Capital and looking at expansion plans, retail expansion
in the National Capital Region (NCR) is primarily being
planned in the new malls, located in the newly evolving
retail destinations of Gurgaon
and Noida.
The traditional prime retail areas in Delhi include areas
like Connaught Place, Khan Market, Karol Bagh, South Extension
and Greater Kailash, continue to witness high demand. Khan
Market is said to have the highest retail rentals in India,
starting from Rs. 1200 per sqft. per month.
Real estate has always been about location. But over the
years, it's becoming more about reputation and productivity.
Driven by positive growth in the economy and large scale
investments in the IT, ITES and BPO sector, the real estate
in Delhi is booming and in a recent survey, Delhi has emerged
as one of the top three investor's choice for real estate
investments.
Commercial Office Space in Delhi has been at a short supply
since long and market players do not expect the demand to
soften in the near term. Earlier if a company wanted to
go for office space they generally looked at Connaught Place,
Nehru Place, Okhla Industrial Area to name a few. But today
new and quality developments have come up in areas like
Jasola and Saket by developers like DLF, Uppals, Saluja
Salcon, TDI and others.
Hotels in Delhi are in short supply and the room availability
is an issue both for leisure and business travelers. With
the upcoming common wealth games in Delhi, both the Central
and State government have taken steps to invite investments
in Hospitality projects in Delhi NCR. The best places to
stay in Delhi are Hyatt, Taj Mansingh, Eros Intercontinental,
The Oberoi, The Luxury Collection by Maurya with prices
starting from USD 250 onwards for a night.
Farm Houses in Delhi offer peace and tranquility but at
a premium. Popular farm house locations like Chattarpur,
Pushpanjali Farms, Sultanpur Farms, Gadai Pur, Sanik Farms,
Radhey Mohan Drive, Rajokri, Brijwasan, Chawwala, DLF Farms,
Westend Greens etc go for anywhere between 5 crore per acre
onwards.
Real Estate Delhi - Buy, Sell, Rent Delhi Properties, Commercial,
Residential Land Plots, Office, Retail space by our qualified
property agents with extensive expertise in Delhi properties.
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