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Delhi is the hottest Real Estate State in India
By Rakesh Malhotra
Now days, Delhi is the hottest Real estate state in India after Mumbai. The Real estate prices in Delhi have really shot up. One Delhi development Authority executive has attributed this sudden spurt in prices to the Demolition Drive, and Other infrastructural changes like Delhi metro etc. However, in real terms it is the booming economy and the Buying capacity of Indian consumers have fuelled this price Hike in real estate property in Delhi.
Delhi development authority on Monday auctioned an 11,619 square meter plot in Dwarka city centre in sector – 13 for Rs 266 corer – The costliest land deal since 2003. The reserve price of the plot was Rs. 104.11 corer .and prior to Monday's auction; DDA had auctioned a 315-Hectare Plot in Vasant kunj for a mall Project for Rs. 1290 corer. At Rs. 2.1 Lakh per Square meter, real estate consultancy say it is one of the biggest land deal made in the capital. This Price Inflation for real estate In Delhi shows the degree of hotness of its land and real estate property.
Recently Court driven demolition drive as Initiated by the Delhi development authority to weed out the Encroachers and illegal buildings have also Fuelled to this price Inflation and also help in Increasing the price of adjoining areas like in gurgaon , noida , Faridabad etc . Therefore, with all these development the rental properties in India and particularly in Delhi is getting a boost and so the various search homes and Real estate agents in India. People from even abroad can go for Real estate properties in various Locations or Locations of their choice and to find a good Home, apartment or condominium whatever way they feel suitable to afford as per the Rental price structure of Indian rental properties.
Real estate Business and renting the premises for commercial or residential purpose is now a day considered as the best Business practice by those who have the properties to let on rent. In Delhi Places like Dwarka, New Delhi, Patparganj, Greater Kailash, South Extension etc are most sought after property in India. the population migration in most of the big cities and towns like Delhi, Mumbai, Bangalore, Hyderabad, Jaipur, Chandigarh etc have reached to its capacity and hence the spurt in the prices of real estate and other rental properties . Every week the Owner of the properties or the real Estate agents on behalf of the owner of the properties to woo the prospective clients advertises thousands of Houses and rental properties to let in the leading dailies. Hence, it is very important to scan all the available information's regarding the property in Delhi like its locations, area, Floor level etc for Best bargain.
About the Author
Rakesh Malhotra, an associated editor to Indian Real Estate Discussion Forum help you to exchange ideas on various issues related to commercial and residential properties in India and its various cities like Delhi Properties, Gurgaon, Noida, Mumbai, etc.
Article Source: http://www.simplysearch4it.com/author-articles/9544/1.html
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