Current real estate situation in Delhi

Delhi has always been the most look for after real estate destinations of India. In past two years, Delhi real estate property market has witnessed a numeral development rate as extremely large improvement in the transportation area, expansion of Delhi Metro Rail from one end to another end and the ceremony of 2010 Commonwealth Games in the Delhi. A property and building dealing consultancy firm had recently rated New Delhi as the 16th most costly real estate market of the world and one of the expensive retail place in India. The demand for building development is considered to remain booming across Delhi property and building development estate market due to a big demand from IT/ITES and other so many sectors.

Delhi residential property market has observed extreme large development as of big demand for housing from so many sectors. South Delhi is one of the most happening housing places in Delhi real estate market. The big homing localities in South Delhi include: Ashram, Amrit Puri, Alakananda, Anand Lok, Amar Colony, Bijwasan, Bhogal, Bikaji Cama Place, C.R. Park, Defence Colony, Central Market, Delhi Cantt, Dilshad Garden, East Of Kailash, Deoli Village, Freedom Fighter Colony, Ghitorni, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Kailash Colony, Jungpura, Jasola Vihar, Jamia Nagar, Kailash Colony, Lajpat Nagar, Kalkaji, Khan Market, Nehru Place, Munirka, Mahipalpur, Mehrauli, Malviya Nagar, Malviya Nagar, Netaji Nagar, Okhla, New Friends Colony, Nizamuddin, Okhla Industrial Area, Niti Bagh, Safdarjung Enclave, R K Puram, Panchsheel Park, South Extn., Sudarshan Nagar, Sheikh Sarai, Saket, Sangam Vihar, Sarojini Nagar, Sarita Vihar, Sarvpriya Vihar, Vasant Vihar, Sunder Nagar, Vasant Kunj, etc.

And the rental values of residential properties like the flats, villas and duplex houses are intensely at higher phase.

Delhi, the national capital of India is one of the hottest destinations for investors. One of the best reasons why Delhi is an investor’s first concern is due to its good connectivity with almost every most of the cities in India. Other than this it is well connecting city to all international airports. The residential property prices in Delhi in past 2 or 3 years have been quite excessive.

Due to all these various reasons, the rates of property in Delhi immensely increased. But with the gradual decrease, people can see the prices for both the commercial and residential properties gradually decreasing.

Delhi’s Khan Market has also been in the news recently for being one of the expensive retail locales in the world.

Till some time back, in the commercial and residential market division, Delhi has been known to have made the most excessive business dealing as properties have been sold for millions. This flow which was in the beginning ordinary in the luxurious localities of South Delhi is now moving towards in the beginning less meaningful places like Dwarka.

William Hanna is a passionate writer. She writes on topic like New DDA flats, real estate agent in Dwarka etc for the website http://dwarkaapartment.com