Delhi Real Estate Market

by Neha Chawla - Date: 2008-11-22 - Word Count: 567 Share This!

The real estate market in Delhi has witnessed remarkable growth. Real Estate in Delhi has become the largest real estate market in the country. There are many reasons for it, like first of all people here are earning a high per capita income and they can connect easily to other cities and the city boasts of good infrastructure. Delhi has no doubt attracted many investors and many multinational companies are based in Delhi and NCR region, which has also lead to overall development of the city. Thus the National Capital has become hottest real estate destination and many global and foreign investors are investing money in the city's real estate.

Residential Real estate in Delhi
The Residential Real estate market of Delhi is in high demand because of large number of students, tourists coming in Delhi and also many multinationals have been set up near adjoining areas of Delhi like Gurgaon, Faridabad. Besides that, many people are looking for apartments, flats, houses in different regions of Delhi. The property rates are very high in some posh areas of Delhi like South Extension,G.K etc and now areas like Dwarka, Rohini etc ar witnessing a huge jump in property prices. Rentals in the city are also very high for properties like apartments, villas, independent houses etc. Realty majors like Abad Builders, DLF, Parsvanath are investing in the city's real estate market and are coming up with many luxury apartments or flats equipped with various amenities.. The property in Delhi is sold for big bucks, which has motivated many big developers and builders to set up their base in Delhi.. All these factors have lead to huge demand of residential real estate.

Commercial Real Estate
Because of the immense growth in Residential Real Estate and many MNC's coming to Delhi and adjoining areas along with Common Wealth Games which are to be hosted in Delhi, the commercial real estate has also seen growth in Delhi. Also this has lead to growth in the hospitality industry because many tourists coming to Delhi. Property market of Delhi is expecting many new hotels, service apartments and other real estate developments. Many shopping malls are also expected to come up in the city. Because of high value of rentals commercial property in Delhi is expected to have high price value as compared to other cities. Delhi has attracted many developers because of its infrastructure and connectivity to other areas. One Reason for this hike in prices in Commercial property could be shortage of commercial space in Delhi and it being the main business center also.

These days, scenario in Delhi property market has changed, as property prices have come down, both residential and commercial property prices have been affected. This has lead to shift in demand from luxury housing to affordable housing. Developers and builders are also launching special schemes to attract buyers but because of this slow down in real estate business many buyers have backed out and many small builders developers have shut down their realty business and switched to some other business. Because of this slowdown, property prices have come down and it's the best time to buy or invest in realty business as prices have come under the reach of middle-class man. But in future it is expected that Delhi will transform into hottest investment destination among other metropolitan cities of the country both residential and commercial property prices are expected to raise.

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Neha Chawla writes on behalf of, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property, search for a property, browse through">Delhi Real Estate and Properties.

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