Real Estate Trends in Delhi

Delhi, enjoying the political status of being the capital city of India, was previously a Union territory but is now a state. Situated in northern India on the banks of River Yamuna, Delhi is looked upon as the second largest metropolis in India after the busy city of Mumbai.Designed by a leading 20th century English architect, Sir Edwin Landseer Lutyens, Delhi houses a number of famous places narrating the grandeur of the yore. Be it the exclusive markets of Karol Bagh, Connaught Place, Defence Colony, Lajpat Nagar, or eating joints of ‘Chandni Chowk’, or shopping paradise ‘Greater Kailash’ or ‘South Extension’ steals the heart of the tourists with its unparalleled charms.

Witnessing major historic developments, Delhi is without doubt a city with enormous tourist potential, for it offers a variety in every aspect. Tourism in Delhi is principally directed to its historic monuments, which have always attracted tourists from home and overseas. Whether talk about India Gate, Humayun’s Tomb, Qutab Minar, Red Fort, Purana Quila, Rashtrapati Bhavan, Teen Murti Bhavan, each has its own clearly marked individual character.

Delhi has clearly emerged as one of the fastest growing economies in India, and has grown at a CAGR of 10% between 1994 and 2003. The physical infrastructure in Delhi is counted among the best in the country and the state government is proactive in bringing contribution of private sectors to give a real realty boost in the state.

Since a decade ago, Delhi has been the numero uno hub for all foreign direct investment. A multitude of multinational companies have placed their headquarters in Delhi and NCR, which accounts for the real estate success of the state. There is no doubt that industry connoisseurs believe; making investments in Delhi real estate can yield marvelous returns, as what looks to be the scenario of the business here, which is currently driven by investors than by end users.

A lot of NRI investments are seen coming to the Capital city and a major portion of industry watchers feel that Delhi and its suburban neighborhood will consolidate their recent profits in real estate prices and shoot up further. Delhi holds third position in the list of investors’ most chosen Indian destinations. Driven by a positive growth, the real estate in Delhi is zooming in wake of upcoming real estate activities in different parts of the state.

Upcoming Real Estate Projects in Delhi

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The main upswing of construction activities is going on in New Delhi, with number of residential as well commercial spaces being developed by prominent real estate developers. DDA has drawn up several plans for next two years including mega housing project in Dwarka, Bio-diversity Park housing over 5,000 species of flora and fauna along the Yamuna banks, a spiritual garden forming a link between South Delhi’s three major temples in Kalkaji. Ansal Properties is all set to carve a substantial niche for itself in Delhi with its real estate projects: Ansals Sushant City and Valley View Estate.

Indianrealtynews.com brings you a comprehensive study presenting the hot property locations across Delhi. To avail more information on real estate trends of each, please click on the links within the table given below.

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