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New Delhi real estate market

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By : Nitin Jain    99 or more times read
Real estate in New Delhi has been undergoing a transformation in its real estate trends recently. While, the end user properties of New Delhi have reached a point when it is very difficult to purchase a property in prominent locations and prime locations the residential property preferences are also changing.

A New Delhi real estate agent says that New Delhi Property Prices have been on rise since long, especially the commercial property rates. The rates of commercial properties are very high in areas like IT and stock, Greater Kailash, Amar Colony and southern extension. The value range varies from Rs 75 lakhs to Rs 4 crores depending upon the unit area. As these localities have reached saturation new industries and software companies are coming up at Sheik Sarai and Vasant Kunj. Notably, the new developments are coming in affordable limits and larger areas.

Further, the booming retail segment and growing influx of IT professionals and the growing telecom industry have pushed the residential demand and prices to a new high in New Delhi over the last few years. Now, with increase in value added tax by the state government the residential rental values have increased to great heights.

Moreover, with more exposure to other developed countries and increasing spend on lifestyles and salaries going up, people all over the country want a luxury life style. This trend has also caught up with New Delhi property as well, where the people are now more into 2 bedroom lifestyle homes villas and huge bungalows with the current population. These increases the great demand for real estate in New Delhi.

Also in New Delhi property is gaining popularity day by day due to the increase in population and lack of space. Many prominent builders in New Delhi are building projects comprising of luxurious apartments, providing ultra modern facilities. With young professionals going in more for rented units the lifestyle apartments are attracting huge investments from NRIs. Since, growing industries and infrastructure development is bound to give 100 per cent profit in the future and boast to the city, investment in the New Delhi property is considered a wise decision by great experts and investors.
Nitin provide you the best and latest fair information on property in Delhi. He also helps you on property for sale in Delhi.

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