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- I think the property prices in the recent times have been quite exorbitant in whole Delhi
Story published in indianrealtynew.com gives ongoing property rates in DelhiDelhi is the national capital of India and also one of the hottest destinations for investors. One of the most proactive reasons for investor’s priority as such is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.
The recent sealing drive of illegal commercial properties in Delhi for instance had no effect on the property market as such. However, as traders panicked for alternate options, it did create a significant increase in property prices of commercial properties in the malls and other legally acclaimed retail outlets. Delhi’s Khan Market also been in the news recently for been the costliest retail locale in the world.
In the residential market segment, Delhi has been known to have made the most astronomical transactions where properties sell for millions. This trend though most common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka. The rental values of residential properties like the apartments and independent houses are quite high. The corporate leasing and diplomats in the city are in a way responsible for the trend, as they opt for the high-end properties.
Commercial properties like the office spaces in particular are in much demand as every other company want to have their offices in the city, as Delhi has better edge over many other metros in infrastructure, availability of professional work force and connectivity.
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- Places around delhi have become hot destination for the investors lately. Everybody i know either have or is planning to buy a property in kundli or in other suburb areas which have potential to give good returns in coming years.CommentQuote0Flag