Delhi Property: India’s hottest Real Estate Destination

Delhi has always been known as a trendsetter in India’s real estate industry. Delhi real estate is one of the largest real estate sectors in the country because of its status as the capital of India, remarkable infrastructure, higher per capita income and irregular combination with national and international cities. It has attracted a number of foreigners to direct investment since 1990s that guide to many multinational business organizations have installed its operational bases in Delhi and connect places also made Delhi real estate one of the best real estate locations in India. Thus, Delhi real estate property market has become a bigger attraction for global investors in the real estate development.

Residential real estate

Appeal for Delhi housing real estate market is always high due to flow of tourists, migrants and students and professionals from other parts of the country. That’s why huge demand for Delhi’s housing plan due to which the connect areas of Delhi i.e. the National Capital Region (NCR) areas of Faridabad, Gurgaon, Noida, and Ghaziabad is arising as the most desirable real estate location next to Delhi real estate market. In Delhi real estate market, the properties sell for millions of rupees in the post areas of South Delhi. This flow is moderately shifting towards the other parts of Delhi like Dwarka due to big demand from the corporate leasing and diplomats who choose for high end comfort properties to pillar down in the city. And also, Delhi housing rental values for flats and independent houses are quite high.

The other arising residential areas in Delhi residential real estate market are Dwarka, Narela and jasola.

Commercial real estate

Delhi real estate is an important place alternative for growing MNCs and Corporates to pour more investments that has led to the development of commercial real estate market and also the latest smash in Delhi real estate is due to the big order investments to host Commonwealth Games 2010 in the city. The city is preparing up to meet a no of flow of tourists during 2010 that in turn guiding to the development of the hospitality management in Delhi property market. Sooner or the later, Delhi real estate market is expected to have 27 new hotels, serviced apartments and other forms of development with over 4900 rooms in various portfolios in the next forthcoming years.

Road ahead

In latest years, Delhi property market scenario is becoming different due to low demand in obtaining luxury housing properties. Now, the concentration is switching towards the bearing housing concept irrespective of Delhi being the one of the top three liked investment place in Asia. Thus, Delhi is turning as a famous investment place in the housing and real estate sector that has led to the price intensification making real investment deal value for both the investors and buyers. This changing has made Delhi property market to reconstruct itself from ‘walled city‘to a ‘World City’ in the future.

William Hanna is a passionate writer. She writes on topic like schools in dwarka, dwarka flats for rent etc for the website http://dwarkaapartment.com