Delhi Real Estate Gears Up for Future

By: George Gonigal

Delhi has always been a trendsetter in the real estate industry of the country. So forth, the city swirls its way ahead into the future, big revamp plans awaits it. Delhi real estate in the next few years is expected to witness a major revolution in the infrastructure segment.

A significant improvement in the road and transport system is on the cards. A six-lane National Highway 8 connecting Delhi and Gurgaon, which is already functional substantiates the statement.

Amid the current 65 km-long Delhi Metro Rail's expansion plan taking shape, it will not only be providing commuting convenience but will also offer better connectivity to suburban areas. More than 400 km lines will interweave the city and extend to the suburbs of Ghaziabad, Noida and Gurgaon before the commencement of 2010 Commonwealth Games in the capital.

Delhi has always been a land of equal opportunities for real estate developers, investors and professionals. The city is a significant destination for MNCs and Corporates and with more investments pouring in the corporate sector, the commercial real estate market of the city can only boom.

In view of these large scale investments and Commonwealth Games 2010, the city is gearing up to host huge number of expats and tourists from across the globe. Considering this, the hospitality industry in Delhi-NCR is likely to go through a substantial overhaul.

According to industry reports, Delhi-NCR is expected to have 27 new hotels, serviced apartments and mixed-use developments with approximately 4,900 rooms in various categories in the next three to four years. is anticipated to have at least a hundred shopping malls by the year 2010.

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