Delhi Residential Property Rates Hike day by day

Buying a house in Delhi is becoming a very expensive proposition and would be out of most people's reach in the next five years, a recent survey has predicted. The annual appreciation of property prices in Delhi is between 15 to 20% and the average property price should be around Rs. 2 crore, said Manish Mehta, vice-president of India Homes, a leading property brokerage firm. Mehta said with limited supply of housing units in Delhi, prices are only expected to go higher.

These apartments are located in Greater Kailash, Vasant Vihar, Defence Colony, New Friends Colony, Panchsheel Park and Gulmohar Park-the chic areas of the national capital where prices had almost doubled in the last three years, rising at 20%-25% annually.

Property in Delhi has seen a steep and fast paced growth over the last few years. Due to this trend, there has been a great increase in the delhi property prices of the major cities of India. Delhi Real Estate and the surrounding satellite cities of Noida and Gurgaon, have become a major attraction for both builders and investors. The capital city has an impressive infrastructure to boast of, with an International airport, arrival of Metro rail, plenty of five star hotels, and world class luxury standards of residential and commercial properties. Moreover, due to the advent of many multinational companies setting up their offices and commercial establishments in Delhi and the NCR it has become a lucrative deal to invest in Delhi Residential Property, Noida Property and Gurgaon Property. Demand for properties in Delhi and the NCR has increased due to the easy availability of home loans in India. Also, the builders now provide luxury flats, apartments and homes at affordable price.

Investment in Delhi and in the NCR has become a major attraction for foreign investors, NRI’s and multinational companies. Thus the face of the real estate market in the city is changing too fast. Now is the right time to invest in the city, as, with the development plans for Delhi and the satellite cities, the property market will definitely get a major push and will catapult to newer heights. So, for people looking for investing in property, Delhi and the NCR prove to be a win-win situation, with property rates rocketing skywards. Bangalore has become the IT hub of India and many MNC’s from different countries have established their headquarters here.