Delhi real estate
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Delhi real estate
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The capital of India has not yet reached
it’s peak in the real estate segment. In Delhi real estate, demand is in
excess of supply. So if any land is developed it goes for more than it
deserves as constructors need land to supply it to the increasing
demand. In districts like Indirapuram the entry level of prices range between Indian Rs. 1800 and 2200 per sq. ft. For premium apartments it can be hike up to Rs 3600. In the high profile Gurgaon area apartments begin at an exorbitant rate of Rs. 50 lakhs. Ghaziabad comes second with quotes of Rs. 30 and 40 lakhs. Housing societies are taken up as a prominent venture across Delhi. And so the existing rate of Rs. 11 lakhs for a three–bedroom flat will now goes up to Rs. 22 lakh or even higher. As there is a humongous demand for housing properties developers purchase defunct societies and redevelop them. But rent is an all high when you check out the overall Delhi real estate. It is normally around Rs. 70 to Rs. 90 per sq. ft. Also the first complete phase of the metro has led to a rise in prices. As the communication lines will ease commuting from North Delhi to the central business districts. So it is only with better connectivity that the prices of the adjoining areas will rise. And of course connectivity is always on the rise in a developing country. So investing in Delhi real estate can prove beneficial in the long run. ~ Data 2006. Notes /References Indiaconstruction :: Authored by M. Hemdev.
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