India is Asia's fourth largest economy and its real estate industry is
offering great prospects for smart gains with its high growth curve,
corporate governance and the robustness of the stock markets. So what
better place to invest than the capital city- Delhi!
Wednesday 23 May 2012
Monday 7 May 2012
Buying Property in Delhi Is a Great Option
Buying property in Delhi is in many ways a good option. Recently during my sojourn in Bangalore, I chanced upon an old buddy with whom I had worked in the Middle East long ago. A Bangalorean himself, Michael Fernandez confided to me his interest in buying some commercial property in Delhi. He said he had some business plans. Michael, a sharp-witted and savvy intellectual in his late forties, asked me about the real estate market in the national capital. The property market in Delhi, I told my friend, had been witnessing a consistent value addition for the past several years. Of course, there has been a little slump recently in the wake of the global economic meltdown. But that was only a temporary phenomenon. Now, it is reported that the real estate market in Delhi is again back in the saddle.
I told my friend, if he was buying any property in Delhi, he needed to undertake a firsthand study of the real estate scenario in Delhi. The national capital today is very different from what it had been a decennium ago. Apart from being the capital, the place is fast emerging as a centre of great commercial and industrial significance. Again, in the wake of the liberalization of economic policy by the Government of India along with globalization, there evolved a new world economic order. In the new trans-national economic equations, the Indian subcontinent has emerged as a new world market. Consequently, the major multinational corporations across the global spectrum vied with each other to have a greater share of the pie and they made a bee-line for the Indian subcontinent. The presence of these corporations in the national capital directly influenced the Delhi property market and the price of both commercial and residential properties began to go up quicker than ever before.
Real estate market in Delhi is inevitably vibrant due to multiple reasons. Apart from being the national capital and centre of growing commercial significance, Delhi with its high density of academic centres and government offices is a place with growing demand for commercial space and accommodation. This ever-growing demand notwithstanding, the higher and better infrastructure and public utility services, like the Delhi Metro Rail, have all the more enhanced the property price in the national capital. Further, the cluster of industrial cities - Gurgaon, Noida, Gaziabad and Faridabad - lying around the capital has all the more augmented the significance of Delhi and thereby has a direct bearing on the growing property market.
I told my friend, if he was buying any property in Delhi, he needed to undertake a firsthand study of the real estate scenario in Delhi. The national capital today is very different from what it had been a decennium ago. Apart from being the capital, the place is fast emerging as a centre of great commercial and industrial significance. Again, in the wake of the liberalization of economic policy by the Government of India along with globalization, there evolved a new world economic order. In the new trans-national economic equations, the Indian subcontinent has emerged as a new world market. Consequently, the major multinational corporations across the global spectrum vied with each other to have a greater share of the pie and they made a bee-line for the Indian subcontinent. The presence of these corporations in the national capital directly influenced the Delhi property market and the price of both commercial and residential properties began to go up quicker than ever before.
Real estate market in Delhi is inevitably vibrant due to multiple reasons. Apart from being the national capital and centre of growing commercial significance, Delhi with its high density of academic centres and government offices is a place with growing demand for commercial space and accommodation. This ever-growing demand notwithstanding, the higher and better infrastructure and public utility services, like the Delhi Metro Rail, have all the more enhanced the property price in the national capital. Further, the cluster of industrial cities - Gurgaon, Noida, Gaziabad and Faridabad - lying around the capital has all the more augmented the significance of Delhi and thereby has a direct bearing on the growing property market.
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Why to Invest in Delhi Properties?
Few years back properties in Delhi didn't have a high value but today the value of properties in Delhi have doubled & trebled because of better education facilities, entertainment zones, job opportunities, many business organization opening their branches in Delhi, etc. Today, many people want a residential or a commercial space in Delhi because of the rising property prices which is going to soar in future. Here are some reasons regarding why to invest in Delhi properties & tips that will give you a detailed understanding of it.
1. There has been an immense development in Delhi from some years in terms of malls, Multiplexes, hospitals, entertainment centers, business centers, development of huge residential & commercial buildings, township projects, new roads, amusement parks & other luxury services.
2. The new Metro itinerary connecting eastern part of Delhi to rest of Delhi & construction Of CWG village has made Delhi more popular today.
3. Major residential regions in Delhi like Greater Kailash, Rajendra Nagar, Hauz Khas, Vasant Vihar, Mayur Vihar, Karol Bagh, etc are in a high appreciation as compared to other regions. Residential property sector has witnessed an increase in price of over 50% in National Capital Region.
4. Delhi has a great importance for its educational centers attracting people from prominent places to come to Delhi & settle down here.
5. The market trends in terms of sale prices of Delhi properties indicate that investing in residential & commercial properties in Delhi will be very profitable.
6. Both Central Government & National Capital Regions' Government have taken many initiatives through RBI, Ministry of Commerce & Industry & other agencies to boost & promote residential properties in Delhi.
7. The return on investment on capital value of property is one of the highest in the world & is approximately 10-15%.
8. The real estate sector in Delhi offers its customers with world class commercial & residential properties. You can buy a flat, bungalow, commercial space, etc in Delhi catering to your taste & which would also be world class in terms of quality, architecture, ambience, etc giving you a good return for your investment.
9. Commercial establishments in Delhi in growing with each passing day with many MNC's setting up there offices in Delhi.
10. From East Delhi to South Delhi property rates are soaring in every region in Delhi.
11. Delhi's residential property sector is witnessing an increase in apartments, small to luxury homes & even luxury flats as more & more people want to invest in Delhi properties because of its booming real estate market & other developments in Delhi.
12. Properties in Delhi can be easily availed today at great discounts with benefits of EMI & other such related facilities.
The property market in Delhi is very vibrant & in huge demand today. It has become a major center of attraction both for investors & builders. So, if you want to invest in real estate in a dream destination in the world & be profitable then don't waste any more time, snap your property deal now.
1. There has been an immense development in Delhi from some years in terms of malls, Multiplexes, hospitals, entertainment centers, business centers, development of huge residential & commercial buildings, township projects, new roads, amusement parks & other luxury services.
2. The new Metro itinerary connecting eastern part of Delhi to rest of Delhi & construction Of CWG village has made Delhi more popular today.
3. Major residential regions in Delhi like Greater Kailash, Rajendra Nagar, Hauz Khas, Vasant Vihar, Mayur Vihar, Karol Bagh, etc are in a high appreciation as compared to other regions. Residential property sector has witnessed an increase in price of over 50% in National Capital Region.
4. Delhi has a great importance for its educational centers attracting people from prominent places to come to Delhi & settle down here.
5. The market trends in terms of sale prices of Delhi properties indicate that investing in residential & commercial properties in Delhi will be very profitable.
6. Both Central Government & National Capital Regions' Government have taken many initiatives through RBI, Ministry of Commerce & Industry & other agencies to boost & promote residential properties in Delhi.
7. The return on investment on capital value of property is one of the highest in the world & is approximately 10-15%.
8. The real estate sector in Delhi offers its customers with world class commercial & residential properties. You can buy a flat, bungalow, commercial space, etc in Delhi catering to your taste & which would also be world class in terms of quality, architecture, ambience, etc giving you a good return for your investment.
9. Commercial establishments in Delhi in growing with each passing day with many MNC's setting up there offices in Delhi.
10. From East Delhi to South Delhi property rates are soaring in every region in Delhi.
11. Delhi's residential property sector is witnessing an increase in apartments, small to luxury homes & even luxury flats as more & more people want to invest in Delhi properties because of its booming real estate market & other developments in Delhi.
12. Properties in Delhi can be easily availed today at great discounts with benefits of EMI & other such related facilities.
The property market in Delhi is very vibrant & in huge demand today. It has become a major center of attraction both for investors & builders. So, if you want to invest in real estate in a dream destination in the world & be profitable then don't waste any more time, snap your property deal now.
If you are looking to invest in India property, these tips would provide all the necessary information you would require to buy a property in India.
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