Delhi Continues to be Investment Capital

By: George Gonigal

Property in Delhi is a prized possession, even it comes at sky rocketing prices. Delhi's excellent transport connectivity and well laid out infrastructure boost its real estate prospects. Delhi's refined quality of life and flourishing economy makes it one of the hottest real estate investment destinations as well. Hence, the city is a haven for property brokers, property seekers, real estate developers and investors.

The real estate values have increased manifold in the past few years. South Delhi tops the list in residential segment. Localities like Defence Colony, Jor Bagh, Safdarjung Enclave, and New Friends Colony are favourite with the affluent home seekers. Besides these localities, other South Delhi areas like South Extension, Malviya Nagar and Lajpat Nagar are famous for affordable paying guest accommodation and rented apartments.

Central Delhi is the Capital's commercial hub and mostly has office and retail space. Central Delhi also accommodates the top government offices and bureaucrat residences. There are very few residential segments in this zone but then also the rentals are very high. A recent property repot by Cushman and Wakefield states that rentals for residential properties in central Delhi has appreciated up to 13% in the first quarter of 2008. This hike in the rentals has been attributed to the expatriates who have the ability to pay higher rentals.

Despite this, the number of property transactions hasn't come down. Property investors and buyers are undeterred by the sky-high property prices.

The city's real estate prospects are poised to grow in future. With Commonwealth Games approaching, games the city is bound to witness an array of real estate events. A slew of residential and hospitality projects have been launched in and around the Capital. In fact, Delhi's bright property prospects are impacting its neigbouring regions as well. As a result, the entire National Capital Region (NCR) is witnessing a growth in the property segment.

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