New Delhi, the capital city of India is the 3^rd largest city. The extensive city divided into Old and New Delhi, has the ambience of ancient historic testimonials and monuments blended with sky scrapers, and other attractions including the embassies of other nations. The nucleus of all the travel destinations in India, Delhi experiences extreme weather, incredible heat wave during the summer and the shivering winter. The major source of economic growth, being the service sector accounts for half of India’s output with less than one quarter of its labor force. The capital has seen a growth rate of more than 7% in the last decade since 1994, thus driving the reduction on the property by almost 10 percentage points. To attract additional foreign capital lower interest rates, various parameters are to be adopted. 

Delhi Property Market

The real estate market is at its peak in major cities like Delhi. A lot of construction and

Development activities in real estate sector can be witnessed in the big cities. Delhi, the capital city of India is one of the markets with high potentials when it comes to the world of realtors. The real estate prices in Delhi are touching skies. There is a constant, progressive increase in demand for quality properties in the region. According to trade analysts, the real estate boom in Delhi is going to reach further heights, setting new records.
 

The National Capital Region (NCR) is also one of the real estate wings in Delhi. An investment hub for realtors expecting great returns, Delhi is considered the ideal location for the business. Noida, Gurgaon, Ghaziabad, and Faridabd are the areas to look out for, being densely populated offering better infrastructure and setup.

Like in many part of the country, the real estate development can be credited to the growth in the IT, ITeS, Biotechnology, Communication and various other organizations in the zone. People dwell from many parts of the country, in search of a living as the city offers great prospects to new comers to begin their careers. Consequently, the demand for residential and commercial properties is ever increasing due to meet the needs. Many corporate giants and international companies prefer Delhi as a base to set up their bureau. 

There are numerous web portals to provide online information about the residential and commercial properties for the benefit of the customers and many real estate professionals play a key role in the trading of residential houses, apartments, commercial offices and buildings. Trade analysts believe that the real estate market is still on a rise till it it reaches the peak in the capital. There has been a huge investment from abroad and this is led to a rise in the employment in the last decade. The government is leaving no stone unturned to boost up the real estate sector in the region. 

Growth drivers of Delhi

Delhi has been a favorite destination for global diplomats and NRI’s to look for settlement options in India contributing to the retail and industrial growth in the city. With loans and credit being available easily, and infrastructure growth on the rise the Delhi market has seen a remarkable rise in the recent times. With the revival of global economy, the need for commercial and residential properties has been every increasing in the national capital. 

The prime growth drivers in the city/state are the non residential community and also the working class. Delhi is considered a prime choice for settlement due to the state of the art infrastructure and proximity to other areas like Noida, Gurgaon and other areas in the stage of development this projecting a great scope of growth and development. 

Delhi real estate is undergoing a renaissance in the real estate and other areas of development with the efforts and support from the government, relaxation in FDI policies etc. With the country in the midst of a strong economic growth, financial markets under revival and massive projects like the 65km Delhi Metro Rail and the city being the host for the Common Wealth Games in 2010 there are more things to come.

The rise in the income and improvement in the standard of living have seen increase in the demand for residential property in the capital real estate market.  Today customers have many options in the offering to buy apartments, studio apartments, condominiums, villas and luxury homes as well depending on their lifestyle and affordability.

There are also many infrastructure & development projects in the pipeline and also a 6 way national highway to join Delhi and the nearby areas, which will benefit the working class to commute easily. This makes Delhi a preferred choice due to the comforts and the modern attitude the city has.