Delhi Real Estate and Property
Delhi the national capital of India is considered to be a major economic hub of the country. People from all over India seeking employment opportunities come to Delhi. The city has a nouveau feel and it makes it quite easier for people to settle in. The city is close to Ghaziabad, Grugaon, Faridabad and Noida and is the nucleus of development in the region. There are several housing projects which provide options for people seeking flats, apartments or houses. The major property projects are located in East Delhi in the areas like Laxmi Nagar, Patpargani, Mayur Vihar, Pandav Nagar, and Nirman Vihar. On the other hand Dwarka Subcity and Pitampura are also seeking investors’ attention. It should be noted that the areas which are South of Delhi such as Greater Kailash and the Central Delhi are still hot among investors. But because of the high prices and low return on investments, the investors are moving towards the new upcoming areas such as Dwarka and the East of Delhi. Delhi has excellent transport facilities and Delhi Metro, Bus Rapid Transit, Auto Rickshaws and local trains make sure that the people travel in comfort. Many people give preference to areas where the Metro has reached or is soon to reach.
World class hotels, medical facilities, gardens and other facilities are also present in Delhi. People come to the city for business as well leisure purposes. The capital also has a huge number of pubs, malls and other recreation places. The work opportunities in the city are endless. All these factors make it a really option for Real Estate investors. Delhi is also the hub of media organizations, big news channels and politics, making it a great city to reside in.
National Capital Region:
National Capital Region (NCR) is one of the hottest real estate markets. The region provides guaranteed and positive Return on investment for the investors in Real Estate. The National Capital region emerged in 90’s and is a unique concept. The whole idea is to achieve the inter-state regional development and Delhi will be the center of it. The government hopes that it will result in uniform and concentrated development of infrastructure and it will also help in urbanization. Urbanization in today’s world has become a hallmark of development and progress. The project has scene very fast development and it is expected that many more cities will soon be in the same league. One of the reasons for the euphoria around the NCR is an increased industrialization of different parts of the country which has resulted in increased migration and that in turn has results in an increased middle class and a better purchasing power of the population. The growth has increased the demand for housing in urban areas. Till now the NCR covers area of 34,144 sq. km and it falls under jurisdictions of the four states government. These are: Haryana, Delhi, Rajasthan and UP. About 1.6 % land area of India is included in NCR and all the areas are experiencing a buoyant and resurgent property market. The National Capital Region consists of cities like Gurgaon, Faridabad, Rohtak, Mewat, Rwari, Sonepat, Panipat, Jhajjhar, Alwar, Palwal, Ghaziabad, Meerut, Gautam Budha Nagar, Baghpat, Bulandshahr and Hapur. Delhi and the areas which surround it like Ghaziabad, Noida and Gurgaon, are witnessing swift appreciation in property prices and the far flung areas in NCR, such as Rohtak, Reari and Sonepat still are in budget of the people who are looking for some humbler investments.
The point is that buying a property in Delhi is a good investment.