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Delhi
Delhi – The Capital City!
Delhi is the capital of India and one of the most coveted destinations for real estate investors on account of its connectivity with most cities in India as well as the presence of international flights to various global destinations. Additionally, the city offers good infrastructure and quality of life. In recent times, the property prices in Delhi have shot up to enormous proportions. Recent studies reveal that Delhi has emerged as the second fastest growing cities in real estate rentals across the globe in 2006.

Flourishing Real Estate Market
The National Capital Region (NCR) has witnessed overall office space absorption of 6.36 million sq. ft. in the first three quarters of 2006. The office market absorption continues to be driven by the IT/ITES sector which accounts for about 59% of the total office space absorption in this quarter, followed by the back office operations of banking, financial services and insurance companies.



Sonepat, on the Delhi borders forms one of the largest industrial zones of Haryana and is fast emerging as an excellent residential and investment destination. The area is now witnessing a spurt in real estate development with many developers and builders having launched large residential projects and others working on new plans.

Delhi Property Rates
Delhi’s residential real estate market is driven more by investors rather than by end-users.

The property scenario in Delhi is growing in leaps and bounds and has gone up by 50.2% due to various factors such as fast-growing manufacturing sector, huge availability of private capital, strong domestic demand and a large collection of professional and amateur labour.

Delhi has been known to have made millions in property transactions. The rental values have fuelled the already overheated property market in Delhi which witnessed over 100 percent escalation in prices and still continues to rock as a hot destination for real estate investment. Rates across markets have risen due to the commencement of the metro rail network in certain locations and the plans to connect other destinations within Delhi.

Bullish trend in the Residential Real Estate Market
Bangalore is witnessing astonishing developments in the residential sector. Real Estate developers have begun to offer innovation and exclusivity to attract prospective buyers in the city. Wide traveling and demanding needs of NRIs has initiated and encouraged a wide variety of developments like European style villas, skyscraping residential complexes, single apartments on each floor and even apartments with its own helipad.

The soaring real estate markets have fuelled the market rates as illustrated below, in various residential areas in the city.

Location

Residential

Karol Bagh

5000 - 7000

Rajendra Nagar

7000 - 10000

Gole Market

6000 - 10500

Chanakyapuri

17500 - 22500

South Extension

8000 - 13000

Defence Colony

11000 - 15000

Greater Kailash

9500 - 15000

Hauz Khas

9000 - 13000

Kalkaji

3500 - 5000

Saket

9000 - 13000

Vasant Vihar

13000 - 19000

Mayur Vihar

2500 - 4500

Malviya Nagar

3500 - 5000

Noida

3000 - 5500

Shastri Nagar

2200 - 3500

Sadar Bazaar

2000 - 2400

Kamla Nagar

3500 - 6500

Vaishalli

2800 - 3600

IFCI Colony

2000 - 2500

Rajouri Garden

3750 - 7000

Janakpuri

3000 - 5000

Dwarka

3500 - 4500

Suryavihar

2500 - 3800

Palam Gurgaon

3000 - 4500

Gurgaon (Smaller)

3500 - 6500

Lodi Colony

15000 - 18000


** Price as per the market value in May 07

** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.

Hence, the good infrastructure, availability of professional labour resources and the quality of life have significantly contributed towards the rapid development of the real estate market in the Capital of India, on account of the IT /ITES boom as seen in other cities as well.
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