Delhi real estate is as always chased by over demand and under supply of residential units. Real estate market in Delhi is witnessing quick uplifts in residential and commercial values and it is becoming very difficult to estimate the appropriate value of the property.
Delhi being the capital city and the main cultural, social and political hub of major events is considered as the most happening city to reside in. Demand for housing in Delhi has increased owing to the easy availability of home loans.? Lot of foreign investors is investing in Delhi properties as the FDI in India are 100 per cent free in real estate sector.
For a common man buying an apartment in Delhi is a distant dream. The Delhi real estate values are touching sky and there are no affordable houses available for common people. All the upcoming residential projects by the realty builders and developers under the affordable tag are only affordable by high class people of the society and NRI's. These all are luxury apartment projects offering multiple facilities to the user and charging double the price shown on paper. Therefore Delhi properties are available most of the high end investors and international buyers who wants to have second home in Delhi. Resale property in the city is equally fetching the same value and even more if is located at prime location.
Delhi has already experienced 13% increase in rentals and 5% increase in capital values in last quarter. With the implementation of new master plan in 2010, Delhi is going to become a world class city. The expansion of metro, revamp of international airport and construction of new flyover and expressway in the city has turned the real estate sector of Delhi to a major industry generating profit.
Delhi is becoming an investor's paradise and the real estate market is well carrying the image of the capital city.
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