Delhi Real Estate: the Real Estate Hotspot of India

By: George Gonigal

Whenever someone talks of India, the first city that strikes his mind is Delhi. Delhi is the capital city of India and also known as the heart of India. With its robust infrastructure and vibrant economy, Delhi is undoubtedly among the most preferred investment destination for investors worldwide.

In the residential property market segment, Delhi has been known to have made the most astronomical transactions where properties sell for millions of rupees. This trend though most common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka.

The rental values of residential properties like the apartments and independent houses are quite high. The corporate leasing and diplomats in the city are in a way responsible for the trend, as they opt for the high-end properties.

Commercial properties like the office spaces in particular are in much demand as every other company want to have their offices in the city, as Delhi has better edge over many other metros in infrastructure, availability of professional work force and connectivity.

Residential real estate prices, as recorded in May' 2007, in some of the prime residential areas are as:

. Karol Bagh: A 1,000 sq ft house in Karol Bagh costs between Rs 70,00,000 and Rs 1,10,00,000

. Rajendra Nagar: A 1,000 sq ft house in Rajendra Nagar costs between Rs 75,00,000 and Rs 1,05,00,000

. Gole Market: A 1,000 sq ft house cost from Rs 60,00,000 to Rs 1,05,00,000 in Gole Market.

. Chanakyapuri: A 1,000sq ft house in Chanakyapuri costs between Rs 1,75,00,000 and Rs 2,25,00,000

. Dwarka: A 1,000 sq ft house in Dwarka costs between Rs 35,00,000 and Rs 55,00,000

. Kamla Nagar: A 1,000 sq ft house in Kamla Nagar costs between Rs 35,00,000 and Rs 65,00,000

. Malviya Nagar and Kalkaji: A 1,000 sq ft house costs between Rs 35,00,000 to Rs 65,00,000

. Saket: A 1,000 sq ft house in Saket costs between Rs 90,00,000 and Rs 1,30,00,000

. Sadar Bazar: A 1,000 sq ft house in Sadar Bazar costs between Rs 20,00,000 to Rs 30,00,000

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