Delhi, being the capital city of India, is fast becoming the hub of people all across the country and those outside it. The better infrastructural developments, better sanitation, healthcare, educational institute and being the epicenter of the political movements have all but contributed to the rising demand of residential property.
It has proved to be the El Dorado for those who invested hugely in 90's with the property prices escalating up to 5-10 times in the span of 15 years. So, most of those who are interested in investing in Delhi residential property often tend to ask has the price saturated? Can they still invest in buying and reaping smart returns later? How much should they wait? And other questions that are emanate from the palpable fear of not making it in the right time.
The answer to all these questions is a simple phrase-?Invest Now?. This is not a sales propaganda but a genuine truth. Now what is it that leads me to come out with a straight forward answer? First basis of my advice stems from the improved and steadily improving transportation facility. You can easily find the way the flyovers have sprang up leading to the much needed ease in the traffic congestion. With metro rail and BRT buses being deployed in every important corner of the city, it is only a matter of time that Delhi enters into the elite league of cosmopolitan cities.
The city is being adorned for the upcoming commonwealth games and if you happen to figure out what did these games do to the growth of earlier host cities staring from Hamilton, Canada (1932) to Sydney, Australia (2006) you will better understand the importance of the time in investing. These games are scheduled to take place in October 2010.
And the most important point is the prices. Recent fall in demand due to the ongoing recession has seen a significant fall in prices. Some of the Delhi residential property has registered a fall in the tune of 10%. So, if you are an investor thinking to lay hands on the residential property in delhi you can start patting yourself, for this might turn out to be one of the wisest investment you ever made.
