The real estate sector in Delhi is witnessing a slow down as far as purchasing activities are concerned. Suburban markets are experiencing a sharp fall in capital values driven by irregular demand and supply. On the other hand, property markets of South West Delhi are seeing steady purchase activity.
Taking a look at the posh South Delhi part of the Capital city, it is fast flourishing and showing buoyant trends in rental market. With demand clearly outshining supply, rentals have been on the upswing. Here, the rents of residential property such as the apartments and independent houses are quite unaffordable for a middle class man. The corporate leasing in Delhi is partially responsible for the trend, as they generally prefer high end properties.
The city seems to woo real estate enthusiasts who are bullish on availing residential property prospects. Defence Colony and Vasant Kunj come under the category of high residential localities. This is mainly because of large presence of foreign embassies and business houses.
Delhi enjoys a number of benefits in terms of infrastructure facilities, availability of large manpower, and connectivity. These factors serve as a boon for Delhi property market.
Property markets in neighborhood of Delhi are actually surging. The best example to cite is Ghaziabad, a city which is rapidly emerging as a residential hub of IT professionals working in Noida and Delhi. However, such trends have certainly robbed Delhi real estate of its charm as people have started looking forward to other upcoming locations as an alternative to expensive properties.
What goes up will come down. The same happened with properties in Delhi. They were seeing the high demand a couple of years back. With the emergence of place such as Gurgaon and Noida, Delhi properties have to share their allure.
Amitabh Kumar has sinced written about articles on various topics from . Amitabh Kumar, a writer by profession has been part of content research team of magazines, journal dealing with NRI, non resident Indian news, stories, and issues. Presently he is content writer in website -. Amitabh Kumar's top article . to your Favourites.
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