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Real Estate Market in Delhi

 

Real estate market in Delhi is doing pretty well and this trend is expected to continue for some more time. Although there was a slump in the real estate market when recession was at its peak but Delhi’s real estate market managed to brush aside the ill effects of liquidity crunch and surge ahead.
 
Real estate market in Delhi – Booming commercial and housing market
Delhi has witnessed growth in both residential as well as commercial sectors. And the growth can be attributed to the following factors –
 
  • Development of transportation network within the country
  • Industrial development
  • Growth in IT and ITES sector
  • Increasing income
  • Better lifestyle
  • Better infrastructure
  • Rapidly developing etc
 
Delhi is all set to witness some of the biggest commercial real estate projects in the country. For instance in Delhi and NCR (Noida, Gurgaon, Ghaziabad, and Faridabad), skyscrapers are coming up having thousand sq ft of office space, plazas, shopping malls, amusement parks, townships, and multiplexes etc.
 
Highways connecting Delhi with its adjoining region are expected to come up too. This will greatly enhance connectivity to the other parts of Delhi. It will also help professionals employed in different sectors to commute to their place of work.
 
Real estate market in Delhi has witnessed growth not just in the commercial segment but in the rental and housing sectors too.
 
It has been observed that the standard of living for majority of the people is improving. Consumers are ready to shell out any amount to live in a plush apartment. And this has become possible because of increase in wages. Moreover, easy accessibility to home financing is one of the factors that boost growth in the real estate market in Delhi.
 
Home loans and loans for commercial projects are easily accessible. Several real estate developers in Delhi avail loans for carrying out their housing as well as commercial projects.
 
Some of the reputed real estate developers and builders in Delhi and NCR include the following –
 
  • Omaxe
  • Unitech
  • Eldeco Group etc
 
Several housing as well as commercial projects are coming up in Delhi. Check them out.
 
New real estate market projects in Delhi
You will find several housing projects coming up in different parts of Delhi. Some of the housing projects in Delhi include the following –
 
  • Unitech Grande, Noida Sector 96
  • Spire South, Gurgaon
  • Amrapali Princely Estate, Noida
  • Eldeco Shatanam, Sector 107 in Noida
  • RPS Oxy Park in Faridabad
  • Supertech Eco Village, Noida Extention
  • Crescent Parc- Sector 92 in Gurgaon etc
 
New commercial projects in real estate market in Delhi
Several new commercial projects are coming up or nearing completion in many areas in and around the capital city. Some of the commercial projects are –
 
  • Grand Venezia in Greater Noida
  • BPTP Capital City
  • Vardhman SNG Plaza in Greater Noida
  • Gaur City 5th Avenue in Noida
  • Ansal’s Corporate Park etc
 
Earlier, Delhi, the capital city of India was not regarded as a good place to invest. However, over the years, this capital city has turned around for the better. The fact that real estate market in Delhi gives the maximum returns within a very short time span has made the property market here vulnerable to investment.