Published: July 23rd, 2010
By admin

Delhi- NCR has always been the most sought after real estate destinations of India. In recent years, Delhi & Noida property market has witnessed an exponential growth rate due to immense improvement in the transport system, expansion of Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy had recently rated New Delhi – NCR as the 16th most expensive real estate market of the world and one of the costliest retail destinations in India. The demand for real estate development is expected to remain robust across Delhi & NCR real estate market due to a huge demand from IT/ITES and other various sectors.
According to Buniyad residential property market has witnessed immense growth because of huge demand for housing from various sectors. South Delhi is one of the most happening housing places in Delhi Real Estate market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.
Delhi, the national capital of India is one of the hottest destinations for investors. One of the main reasons why Delhi is an investor’s priority is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.
Due to all these reasons, the prices of property in Delhi & NCR increased exponentially. But with the slowdown, one can see the rates for both the commercial and residential properties coming down.
Delhi’s Khan Market has also been in the news recently for being one of the costliest retail locales in the world.
Till some time back, in the residential market segment, Delhi has been known to have made the most exorbitant transactions as properties have been sold for millions. This trend which was earlier common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka. These days, the rental values of residential properties like the apartments and independent houses are quite high.
Posted under: Indian Real Estate