Delhi known as the IT hub of India is said to be the center for transaction of real estate in India. The Delhi real estate sector has witnessed a roller coaster ride over the past two decades due to the increasing number of tourists and students. Property transaction in Delhi is made in varied fields like flats, houses, plots, agricultural land, industrial lands and residential plots.
Sites location, accessibility these few factors affects the price band of the Real Estate Delhi. Some tourist who seeks to invest in the real estate in Delhi tends to look for the accommodation which that is located in the propinquity to monuments whereas the businessmen look for a place which has easy accessibility to all the raw sources. Mall and plazas can are the attraction point of Delhi. Today the online directories are the best way to find a suitable place according to your need and that to at affordable price band. Online websites and directories has the list of all the affordable and particular properties from various locations, including the information about the furnishing and many more information about their kind and help in choosing the best deal from the pack.
Fast Growing Areas-
The Real estate in Delhi shows an upward rise in the price of real estate. Delhi areas like Karol Bagh, Saket, Greater Kailash, South Extension, Chanakya Puri, Vasant Vihar, Defence Colony, Lodi Colony, Gol Market, Janpath and Rajendra Nagar are the most expensive areas known in Delhi. The commercial properties, areas in Delhi such as Connaught Place, Barakhamba Road, Curzon Road, Janpath, Gol Market, Lodi Colony, Janak Puri, Defence Colony, Vasant Vihar, Chanakya Puri, South Extension, Greater Kailash, Hauz Khas, Saket, Karol Bagh are increasing at a faster rate than expected.
East Delhi and its Real Estate market-
East Delhi was considered to be the most under developed region of Delhi and was covered by the people of low income group. But today this area is said to be most sought after destination, it has transformed into a decent and developed area. East Delhi includes area like Anand Vihar, Indirapuram, Lakshmi Nagar, Mayur Vihar, Patparganj, Shahdara and Vivek Vihar. Last three years, was the most crucial year for the East Delhi as because of the efforts of the State government, a rapid development of the area was seen. Multiplexes, malls parks, entertainment zones etc are built, and this development have lifted up the overall standard of living. Many property developers have invested in this area, which has doubled the price of the real estate.
Reasons for selecting Delhi:
· The increase in the foreign investment has secured new places for trading purposes.
· Many MNCs are opening demanding for a space in Delhi.
· High range of employment. People are migrating from other cities to Delhi for getting job.
· Delhi has developed itself in various terms whether it is education, employment or modernization.
· Having your own land at a place like Delhi is like a boon. It is said so because many migrants are residing over here and are living on rent. Those who have spaces in their house can give it for rental purposes. They will do their business Graet Report.
Various new malls have opened here which avoid the huge rush to market. There are many more aspects as Delhi has everything over here. People come from outside to shop, to study, to get job everything because of its advancements and opportunities. It has everything which proves it to be the capital of India.