Delhi, the capital city of India, is one of the most developing cities in the country with incomparable growth and development in various sectors. The escalating development of infrastructural facilities has contributed to the growth of property dealers and builders. Today the real estate in Delhi is considered to be one of the best places to invest. The real estate investments in the city offer huge profitable rewards due to many reasons. Owing to the constant rise in real estate prices, there has never been a shortage of investors availing profitable opportunities by investing in properties.
The capital city of India has undergone massive changes in the past few years. The development of metro trains has further augmented the infrastructural facilities of the city. Traveling from one place to another has become easier and quicker. Today there are more than thousands of real estate builders and dealers listed in many of the online portals.
There are various types of properties available for investors and buyers today. The city is well-known for its beautiful greenery and magnificent sceneries. In the past few years, the demand for residential properties is on the high. With over thousands of migrants from neighboring states, the demand for residential properties has skyrocketed. This is one of the reasons for high prices for property in Delhi.
Today there has been a rising demand for luxury apartments and villas. Moreover, there are renowned builders and construction companies that build beautiful and luxurious apartments in the heart of the city. Most of these apartments are inclusive of all the amenities including gym, shopping complexes, theatres, swimming pools and fitness centers. Many of these luxury apartments are in close proximity to airports and industrial centers which further hikes the prices of these apartments.
Apart from villas and apartments, residential property in Delhi also includes penthouses which are considered to be profitable investments. The real estate business also includes rented and leased properties. The rents of both residential and commercial property are constantly on the rise every year.
The city offers vast opportunities for investments in both commercial and residential properties. Some of the most profitable business areas in the city include Rohini, Karol Bagh, South Extension and Greater Kailash. These areas offer investment opportunities for both commercial as well as residential properties.
Rise in Demand for Property in Delhi
There are many reasons for the constant increase in the demand for properties in the city. One of the main reasons is that Delhi is the capital of the country. It is also the industrial and commercial hub for many leading MNCs. Delhi also harbors a number of educational institutes which has further accentuated the demand for residential properties in the city.
The fast paced economic development and infrastructural growth including the introduction of metro trains, renovated airports, top-notch and luxurious five star and seven star hotels have further accelerated the price and demand for property. Further, globalization and liberalization policies adopted by the government have prompted foreign investors to invest in the real estate business to avail huge profits.