Delhi- Forever A Hotspot In The Real Estate Industry

The magical real estate of Delhi, the capital region, boasts of the most gilt-edged

locations that never disappoints the investors and the buyers. In the middle of the time

when the demand of properties has fallen by 30-35% from the previous year, there is this

elite site of Delhi, Khan Market that is reported to have the retail spaces that have the

annual rent of ballpark $243 per square foot, according to the real estate firm “Cushman

and Wakefield”. Such an amazing rent puts the city’s realty on parity with the flamboyant

high streets in Dubai and Helsinki.

As the sellers are not ready to bargain their colossal prices, the realty of Delhi is

accounting for the huge stack of unsold homes, unfinished projects, dipping sales, and

thus, the slowdown in real estate investment conversions. Nevertheless, there are plenty

of reasons that make the heartthrob of the nation, Delhi a quintessence of real estate

investment for the buyers, sellers and investors. Have a look for yourself:

Cream Location:

Being the abode to the Parliament, the Presidential residence, India Gate, chief

government offices and the most influential people, Delhi happens to be the center of

power in the country, as well as the most active real estate market with a soaring number

of large transactions. As per the JLL survey, Delhi witnessed the strongest leasing

activity in the Asia Pacific region in the 3rd quarter, contributing over half of Asia’s total

gross leasing in office markets. The office, domestic and retail areas in the capital are

considered as the most valuable long-term assets. This makes Delhi the best place for

commerce and trade.

Employment Opportunities:

The most active financial institutions and technological firms are grabbing the portions of

Delhi realty, as per the JLL survey. The sectors like the Hospitality, Marketing, IT,

Engineering, Architecture, Finance and others are blooming and growing at a rapid pace

in the capital city. There is no dearth of jobs for both skilled and unskilled labor. The

inward migration in the capital city is happening not just from the other cities but also the

far-off towns and villages, which consistently results in the higher demand of housing.

Top Amenities:

Apart from the locality and employment opportunities, what a real estate investor seeks

for are the best amenities and facilities that contribute toward the high-quality lifestyle.

Along with the basic amenities like the regular power and water supply, the builders &

developers are embellishing the real estate with the extravagant facilities like the in-house

swimming pool, central air conditioning, gym and club facilities, and the reserved

parking. Also, the top-class medical centers like ‘AIIMS’, ‘Apollo’, ‘Fortis’, the glitzy

shopping malls like the ‘DLF Emporio’, ‘Ambience’, ‘Select Citywalk’, and the premium

academic institutes like the ‘Delhi University’, ‘JNU’, ‘IIT’, etc. are here in the city.

Superb Connectivity:

First of all, the impact of the ever-expanding web of the Metro Rail on the Delhi’s real

estate industry is powerful and evident. Because of it, there is last mile connectivity

across the various commercial or retail areas, and the residential areas in Delhi NCR (The

generation of jobs by the DMRC is the additional benefit to the dwellers!). Besides, the

new government of Aam Aadmi Party (AAP) has started a new ‘City Taxi Scheme’ to

offer the Radio Taxis’ and ‘Emergency Taxis’ that is simple, secure and economical.

Apart from that, the city is well-connected to the all the parts and the neighboring cities

like Haryana, Uttar Pradesh, etc. via well-planned roads, ‘Old & New Delhi Railway

Station’, and the ‘Inter State Bus Terminus’.

Government Initiatives:

The Delhi’s real estate industry is ready to grow in leaps and bounds under the new &

secure Modi Government. The government initiatives like the ‘Housing for All’ scheme,

‘Smart Cities Project’ and ‘Atal Mission for Rejuvenation and Urban Transformation’ are

launched with the intention to make 2 crore homes accessible in India’s urban areas. The

good news is that the Reserve Bank of India (RBI) has lowered the key policy rates by

0.5% since January so that the commercial banks can also cut their interest rates for the

borrowers. Also, the schemes are expected to give the financial muscle to the urban poor

of the country by the creation of the affordable abodes and the increased access to

cheaper home loans.

DDA’s Relief To The Builders:

The DDA is coming up with its new Housing Scheme 2016 that states the interested

builders have to surrender their lands to the DDA authorities for the creation of

infrastructure on such lands. After completion, 40% to 60% of such lands will return back

to the builders. The prices of such constructions are expected to rise by 15 to 20% than

those DDA offered in 2014. The policy is basically aimed to provide the flat

accommodations in the areas like Narela, Rohini, Dwarka, Sheikh Sarai, Kalkaji and

other sub-city areas of Delhi.

The Most-Hyped Upcoming Projects In Delhi:

The few upcoming housing projects that are expected to exempt the property buyers and

investors in Delhi from the protracted despair are cited below:

1. Smart Residency Project By “Revanta Multi state CGHS Ltd.”- It is situated

in the L-zone just 2 kilometers off from Dwarka Sector 21 metro station, or a 10

minutes drive away from the IGI Airport and NH-8.

2. Ahinsa Vatika By “Ahinsha Builders Pvt. Ltd.”- It is the modern residential

complex situated in Preet Vihar, East Delhi, which is in close to the Shahdara

metro station, Shahdara bus terminal and the northern railway station in Shahdara.

3. Sankalp Florence By “Sankalp Builders”- It is a thoughtful residential project

initiated in Connaught Place, the heart of Delhi, which is in close proximity to the

markets, educational institutions, hospitals, etc.

4. DDA Flats Vasant Kunj- It is a well-planned residential project that is near to

several prestigious societies, shopping malls, schools, and the airport.

5. Green Mansion By Green Mansion Welfare Society- It is a solicitous

construction located in the Zone P2, North Delhi that is well connected with the

rest of the city.

Better living, cream-of-the-crop locations, superb connectivity, high job opportunities

and a stable government at the centre- these are the top reason why Delhi always was, is

and will remain the property hotspot in India.

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