A Look on Latest Property Trends in Delhi

Delhi is the capital of India and the second largest city after Mumbai. Witnessing all the major ups and downs, Delhi is also known to enjoy the superior political status. With the CAGR of 10% per year, it is the city with fastest growing economy in India. The remarkable infrastructure and governmental proactive efforts has made Noida and its surrounding area a numero uno hub for many FDI's. Today, it has become the headquarters of many multinational corporations. It is these captivating features of Noida that has made its real estate market so much positive and attractive.

Latest Trends in Delhi Real Estate Market

Though from last 2 -3 year real estate market is witnessing a dip, nobody can deny the fact that Delhi-NCR starch is the most preferred destination among investors and property consultants. Both investors and end-users are showing interests in residential as well as commercial projects. Areas like Noida Extension, Sohna Road, Yamuna Expressway and New Gurgaon are the new explored areas for the real estate market of Delhi.

The Real Estate Sector of India has a rich experience of a phenomenal outburst in the past few years with a number of builders and real estate companies investing in the arena of real estate.

These places offer most lucrative vicinity for investment because of their low land rates, proximity to main Delhi city and better socio economic infrastructure. The main upswing of construction and building in both residential and commercial sectors of Delhi can be noted in following area:

South Delhi- Chanakya Puri, Greater Kailash, Lajpat Nager, Sarita Vihar, Vasant Vihar.

Northern Delhi- Bavana, Civil Lines, Pitampure, Rohini.

West Delhi- Nazafgarh, Janakpuri, Palam Vihar, Punjabi Bag.

Central Delhi- Chadni Chaowk, cnnaught place, Karol Bag.

East Delhi- Mayur Vihar, preet vihar, Shahdara.

Is it right time to invest in Delhi property market?

Yes, this is the right time to invest in real estate in Delhi. The major economists and real estate experts are suggesting property investment in Delhi on the basis of these facts:

Increasing Cost: After the implementation of new regulations as Land Acquisition Bill and Real Estate Regulatory Bill the cost of property will certainly increase in Noida and nearby areas.

Mid income stability: As the trend of urbanization continuous, the mid income group will witness a stable and robust demand. Though the conversions have reduced, but investors are still in search for a good option for investing in Noida Real Estate and Property market and they have a large availability of it.

Right property, right price: It is not time to wait more for further price down. Experts are suggesting to look for the suitable property in the given budget range and buy that before the price increase.

All those property seekers who are looking out for an opportunity to invest in property in Delhi, go grab it now. As the time is right to reap the profits for future.

Kumar Linkers is a one of the best Property Consultants in mayur vihar, which provides Residential & Commercial property in Noida/Delhi NCR.

Miki Barzig is an author/writer, a Marine Corps veteran and a perpetual student of art, journaling and life. She has written for several national and trade publications and continues to build her library with her own publications.