Delhi Property as the 16th Real Estate Market of the World

Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital.

A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.

Residential Real estate

Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.

Commercial Real Estate

The leading retail brands in Delhi property estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.

According to industry survey, Delhi real estate is considered to touch greater heights in the hospitality sector with 27 new hotels and serviced apartments with more than 4900 rooms in the next 3-4 years. And, the other interesting and fascination information is that Delhi real estate is expected to touch minimum hundred shopping malls by end of 2010 due to burgeoning retail space demand in Delhi real estate market.

South Delhi is the most happening residential place in Delhi property market. It is the most preferred location of most of the people who prefer a peaceful existence. Many residential projects of the major construction majors are coming up in this region. Buyers from the corporate and government sectors and infrastructure development in the region are the main reasons for the vibrant property market in South Delhi.

On a proper analysis of the data it would be clear that the latest trends in Delhi property for sale show that major residential regions of the capital are in a higher appreciation than other regions. For example, Rajender Nagar, Hauz Khas and Greater Kailash are in the better preference areas of the Delhi people. The higher demand for prime residential units is mainly due to the significance of the place being the national capital. Further, Delhi is the primary educational center in India. This aspect attracts more people to the capital than to other prominent places in India. Being the national capital, there is a huge population of Central Government employees in the capital and that is another reason for the increasing demand for residential properties in Delhi.

Latest Delhi Properties for sale price trends show that investing in the residential sector is more profitable now. It would be insightful to see that in spite of the recent slump in the market, residential sector is showing considerable appreciation.

Both the Central Government and the Government of the National Capital Region have taken several initiatives through the Reserve Bank of India (RBI) and the Ministry of Commerce and Industry, Government of India and other agencies to further boost the residential property sector in the region. These aspects collectively contribute to the higher appreciation of the residential properties in the national capital.

Ravi Chauhan, he writes on behalf of Noida Real Estate, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. I recommended to check my last post Investment in Indian property ensures profit.