The Capital of India i.e. “Delhi” is having very strong share of market in Real Estate Business. This city is having powerful center of different fields i.e. Politics, Social, Cultural and because of this reason most of the people i.e. professionals, entrepreneurs, job seekers etc. get attracted. And all those arrivals are dependent on the city’s infrastructure & take property (s) in Delhi. pioneer araya gurgaon
Here are some prime & major locations of Delhi- where property rates are touching the sky :
1. Defence Colony
2. Greater Kailash
3. New Friends Colony
4. Jor Bagh
5. Green Park
6. Sainik Farms
7. Safdarjung Enclave
8. South Ex.
9. Golf Links
There is no plot of land is available in aforesaid locations. That’s the reason that the property rates are beyond the reach of middle class person’s budget as the same is touching the sky. One should have a big budget and capacity to think to get a property in these areas.
The major reason for this high price of properties is that the land was generally allotted as individual plots. And the same is sold out to the industrialist, politicians and entrepreneurs who use these properties as a source which is utilized to generate profits by constructing and changing the same into lavish buildings like apartments, malls, showrooms, Sub-letting and renting of property etc. at a very high rate (sky-touching). E.g. 3 BHK in Greater Kailash is having monthly rent @ Rs. 30,000 to 50,000.
Whereas the property rates in following mentioned areas are reasonable:
1. Mayur Vihar
2. Janak Puri
3. Dwarka
4. Laxmi Nagar
5. Paschim Vihar
And the plot value in aforesaid areas can be managed and one can easily think and buy a property in these areas. By the time these areas are not utilized by business purposes and are used for residential use. We can say that property in southern and central Delhi is much costlier as compare to other areas because of very simple reason i.e. good connectivity of roads, Metro Link, availability of commercial place. Thus the property values of these mentioned places always goes high and are continuously rising.
Here are some prime & major locations of Delhi- where property rates are touching the sky :
1. Defence Colony
2. Greater Kailash
3. New Friends Colony
4. Jor Bagh
5. Green Park
6. Sainik Farms
7. Safdarjung Enclave
8. South Ex.
9. Golf Links
There is no plot of land is available in aforesaid locations. That’s the reason that the property rates are beyond the reach of middle class person’s budget as the same is touching the sky. One should have a big budget and capacity to think to get a property in these areas.
The major reason for this high price of properties is that the land was generally allotted as individual plots. And the same is sold out to the industrialist, politicians and entrepreneurs who use these properties as a source which is utilized to generate profits by constructing and changing the same into lavish buildings like apartments, malls, showrooms, Sub-letting and renting of property etc. at a very high rate (sky-touching). E.g. 3 BHK in Greater Kailash is having monthly rent @ Rs. 30,000 to 50,000.
Whereas the property rates in following mentioned areas are reasonable:
1. Mayur Vihar
2. Janak Puri
3. Dwarka
4. Laxmi Nagar
5. Paschim Vihar
And the plot value in aforesaid areas can be managed and one can easily think and buy a property in these areas. By the time these areas are not utilized by business purposes and are used for residential use. We can say that property in southern and central Delhi is much costlier as compare to other areas because of very simple reason i.e. good connectivity of roads, Metro Link, availability of commercial place. Thus the property values of these mentioned places always goes high and are continuously rising.
It is very difficult to stay in Delhi because the house rent is increasing high. The Govt should fix the rent according area.
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