|
Delhi, one of the rapidly developing cities in the world, has witnessed amazing growth rate in past few years. And the same is very evident from the constant appreciation in real estate prices in Delhi. According to the report of Global Property Guide, in last two years, the Property Rates in Delhi have witnessed the sharpest appreciation of around 60%, when compared to the varied developed and developing cities of more than 40 countries. The 60% hike in property rates in Delhi over the last couple of years is about 20% higher than Sao Paulo of Brazil. Interestingly, Sao Paulo is ranked as the second fastest growing international real estate market. The data clearly indicates that there is huge demand for Property in Delhi. Below-mentioned are some other facts providing a clear picture of the Real Estate in Delhi: Residential Property In Delhi: Residential Property rates are likely to increase at a swift pace in Delhi. The major reasons behind this increase are the limited land supply available and the increased cost of construction. As per the Delhi Master Plan 2021, the population density in Delhi is anticipated to go up to just about 225 persons per hectare in 2021. Thus, the high population pressure is likely to add to the possibility of further increase in the rates of Residential Property in Delhi. Commercial Property In Delhi: Talking about the Commercial Property in Delhi, regions such as Connaught Place, Nehru Place, Jasola, Saket, and Gurgaon, Noida, Greater Noida, Faridabad, etc. (National Capital Regions) have witnessed the mushrooming of varied sectors such as Manufacturing, IT and ITeS, Pharmaceutical units and Banking, Financial Services & Insurance, etc. The mushrooming of a large number of industrial segments has greatly driven the demand for office spaces in Delhi. Even though the realty transactions regarding commercial spaces in Delhi have not been so rapid in last couple of years, yet the rentals have remained and continue to remain steady and improved in certain regions. Other than the already existing and flourishing micro markets in Nehru Place, Saket, and Connaught Place; a large number of office spaces have mushroomed in Janakpuri, Netaji Subhash Place and Jasola. Contrary to Mumbai, where offices and organizations are migrate beyond Nariman Point to Bandra Kurla Complex; organizations and offices in Delhi seem to keep up their corporate offices in Connaught Place for years to come. All in all, the realty sector in Delhi is already witnessing and is likely to witness even more expansion which would further result in increased property rates. Investors should better start noticing the Realty Trends in Delhi and so as to reap amazing benefits in future.
Related Articles -
Office Space In Delhi, Sell Commercial Office Space, Buy Sell Office Space In Delhi, Office Space Property For Sale Purchase In Delhi,
|
