Overview

The city that is favourable amongst the crowd who wish to move out of their hometowns and settle at new locations is the city of New Delhi. Other than the city being the capital of country, it is also a place that has numerous business and commercial complexes. The city also houses maximum political leaders staying here and proves beneficial for those who are linked to same kind of profession.Various locations and zones in the city of Delhi have shown remarkable growth in term of their commercial values on past few years and have been under the list of most expensive locations not only in the city but also around the country.

With the growth in prices of property is the city, there has also been seen the changes in prices of the nearby cities of Delhi. The price of the property in the city has been almost at the level where it has become stagnant while the prices in the adjoining cities have been drastically increasing. The accommodations at these neighbouring locations were more spacious and vivacious and hence immediately catch the attention of buyers. This became one of the reasons for the increase in price since these locations were more and more in demand.

In the recent pasts, many organizations have come up due increase in the privatization of the sector and have become part of this glooming industry. Two of these sectors are IT and ITES. Not only the companies of India but many international companies have also formed the part of this Indian market and have built up their corporate offices in the plush localities of the city. With the coming up of these international organizations, the government of India has been working to improve the infrastructure of the city by building roads and improvising other facilities and also with these booming sectors the commercial value of the area also increased.

Having a property in the city of Delhi is the most lucrative since there have been high marginal profits in the value of property. Not only the property that is located in any area of the city of Delhi has seen the boom in its price but also the market value of the property located in the suburban areas of the city of Delhi has seen drastic increase. The increased demand of property in Delhi has been due to following reasons mentioned below: -

• It is hub for most of the political parties
• It is core of economic doings
• More Job options
• More and more projections of both the commercial and business structure
• Hub of embassies and other delegations
• Capital city of India
• Upcoming international organizations and their offices
• Multi-ethnic Culture
• Historical linking and existing of many historical monuments
• Being a metro city more developed infrastructure
• Many educational organization with many number of colleges, schools etc

These are few of the reasons that attracted many people to be part of this city and invest money on the properties and gain profits. There are different kinds of properties available in different parts of the city. Since Delhi is the capital city of India, it has a multi-ethnic culture and people from different origins not only from different parts of the country come and settle here but also people from many international locations have come up and settled here. These factors further increased the real estate market to boom and come up with new and improvised buildings whether they are commercial or residential.

Upon assessing the values of both the commercial and residential properties, one would find the maximum appreciation in the value in comparison to the value of properties in other cities of the country. The city has seen almost 10 to 20 percent growth in the commercial values along with the profit in the income through rental properties. The property value not only in the city but also in the neighbouring cities has seen growth and these neighbouring regions of the Delhi are often referred as the National Capital Region (NCR). The areas have many modern architectural buildings that attract many investors. Both the private and public banks have been financing these projects and make it easier to acquire a property in the city.

The interest in the property whether commercial or residential has been continuously increasing and with more and more building projects coming up, it attracts many buyers from both local and international locations.