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Tuesday, November 27, 2012

Delhi Real Estate: A Trendsetter in Property Market

Are you looking for a best property deal in India? If yes, then Delhi is the best option for you. Real estate in India has shown robust growth in past and is still flourishing at a rapid pace.Delhi, known as the ‘Heart of India’ is an attractive destination for millions of people who have come to the city either for quality education, lucrative job or residential and business purposes. Being a place of ample opportunities, Delhi has a lot in store for everyone and is considered as the prime attraction for property business in India.Presence of premier multi-national companies, reputed colleges like IIT, world renowned hospitals in the city have presented a trend for others in real estate sector making Delhi the foremost choice among property investors.

Delhi is a home to a large number of residential and commercial properties. Property business is increasing remarkably due to a boom in industrial activities in metropolitan cities like Delhi. Owing to increasing population in the city, the demand for commercial and residential projects is surging day-by-day. Delhi is emerging as one of the biggest property market in India. Industrial lands, shopping malls, residential property, luxury houses, etc. are the major segments in Delhi real estate.The choice of hot property in Delhi is unlimited with posh locations like East of Kailash, Lajpat Nagar, South-Ex, and Greater Kailash, among others.Locations like Jasola, Dwarka, etc. are places that forecast rising demand for property. The city is developing as a popular pick among Indian real estate developers who find Delhi profitable, well connected and most searched property market in India. The prices of apartments in Delhi depend upon the connectivity and location of property. For instance, businessmen prefer property location near airport, hotels, etc. Tourists seek for houses near historical places and locations well connected with amenities such as hospitals, markets;schools, etc. are mainly preferred by people looking for residential purpose.

The city, flooded with real estate projects attracts not only domestic investors but is also in great demand from foreign investors.A number of luxury apartments and villas are available in the city that is mostly picked by international investors. Factors like influx of tourists in India have significantly contributed in an increase in foreign investment in Indian property like Delhi. Being a commercial hub, a large number of national and multinational companies have set up their head offices in the city. The value of property in Delhi has increased the demand for other regions nearby the capital city, which include Noida, Gurgaon, Faridabad, etc.

The resale value of Delhi real estate is outstanding due to continuous hike in property price. The increase in real estate value in the city is supported by quality of life style, luxurious apartments, night lives, world-class hospitals, commercial property and reputed academic institutions. The property value in Delhi is increased due to real estate developments like metro rail expansion, shopping malls, welfare groups, common wealth games, etc.

Investing in real estate requires proper survey of property prices to get the best deal as per your preference for location, budget and style. Due to involvement of huge investments, one needs to be sure about all the details of property either through real estate agents or online portals, which saves your precious time and offer complete information about current price range and location of property available for rent, buy or sell. Online services are reliable where you can even look for feedback and comments posted by other customers involved in a particular property sale or purchase.So, if you want the best investment of life, start searching for appropriate property in Delhi.

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