Delhi Real Estates

Delhi is regarded as one of the fastest growing metropolis of the world. With the passage of time, Delhi's real estate industry has undergone sea change, the average property prices in the posh localities of the city like Indirapuram, Greater Kailash II, Golf Course Road, Dlf City Phase III are going up to 1.5 to 3 crores on an average. Also because of the implementation of ambitious FDI(foreign direct investment) projects by the state government of Delhi, real estates in Delhi are on an upsurge scale.

Factors for growth in Delhi's Real Estate Industry:

Before you venture out on varied aspects of Delhi real estates, its important to analyze the factors which has well contributed in making the nation's capital as the preferred destination for wide investment . Many foreign institutional banks like Warburg Pincus, Blackstone Group, Morgan Stanley Real Estate Fund (MSREF), Columbia Endowment Fund, Tishman Speyer, Sam Zell's Equity International, JP Morgan Partners and Amaranth Advisors have invested nearly a $ 1 billion through joint ventures with popular Indian real estate firms there by paving way for huge infrastructure growth in the city. Even big Indian corporate firms like HDFC, ICICI Venture and Kotak Mahindra are planning to enter the competitive Delhi real estate market.

Another important factor which has well contributed towards the development of Delhi's properties are none other than the spurt in the rise of IT outsourcing companies which has necessitated the need for good housing facilities. In order to meet the rising needs of international housing infrastructure ,many international real estate developers like the famous Berkshire Hathway group is making its foray in building world class housing, large commercial market spaces and swanky retail chain outlets in different parts of the city.

The development of satellite cities like Gurgaon, Noida and Faridabad has to a great extent changed the dimension of Delhi Real Estate deals. Its important to note that demand for residential properties in Delhi has increased because of easy availability of home loans. When compared to 10 years back , buying a property in Delhi was no less than a Herculean task now with the introduction of simple mutation laws and flat registration regulations the Indian middle class can enjoy a good residential property in the capital city.

Housing Facilities in Delhi:

Delhi Real Estate also offers luxurious farm houses in posh South Delhi area of Mehrauli and Budarpur. With the introduction of Metro Rail services, the city's infrastructure has received a tremendous boost especially the areas surrounding Dwarka, which offers good connectivity with central Delhi and shares proximity to Delhi's IGI Airport.

Depending on one's choice and budget, one can opt for any of housing. Delhi's Real Estates offer s wide array of luxury flats, apartments, villas, penthouses, and bungalows.

Last Updated On: 2011/06/30