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Delhi Real Estate

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Property in Delhi : an overview

Delhi, the capital of India, is situated in northern India and stands on the west bank of Yamuna River bounded by Uttar Pradesh and on the north, west and south by Haryana. The city has its historical importance for the fact that it has been the home to Mugal Empire. Apart from its historical importance, Delhi also happens to be the political hub of India, where every political activity of the country traces its roots. The National Capital Region of Delhi spreads across an area of 1,483 km², of which 783 km² is designated rural, and the remaining 700 km² as urban. The city has a maximum width of 48.48 km and maximum length 51.9 km. There are 3 local bodies (statutory towns) in Delhi, viz.

  • Municipal Corporation of Delhi (area is 1,397.3 km²)
  • New Delhi Municipal Committee (42.7 km²)
  • Delhi Cantonment Board (43 km²)

 

According to a mythology of Hindus, Delhi was the site of the fabled city of Indraprastha that featured in the Mahabharata over 3000 years ago. The historical evidence, however, indicates that the region has been settled for about 2500 years. Since the 12th century, the city has seen the rise and fall of seven major dynasties. When the British decided to make Delhi the capital of India in 1911, they constructed New Delhi in a grand imperial style. Since Independence, Delhi has prospered and gained an important place in the world as the capital of India.

 

Climate:
Delhi has a semi-arid climate with great variation between winter and summer temperatures. Summer is usually long, from the month of April to October, with the monsoon season in between. Winter comes in October and peaks in January and is famous for its heavy fog. Extreme temperatures lies in range of -0.6 °C to 47 °C, with annual mean temperature as 25 °C and the monthly mean temperatures ranging from 14 °C to 33 °C. The approximate annual rainfall is 714 mm, the most of which is during the monsoon months of July and August. 29th June is considered as the average date of the advent of monsoon winds in Delhi.

 

Industrial Growth:
Today, Delhi, once known worldwide for skilled artisans, has carved a niche for itself as a prospering center for industries. The number of industries in the city totals over 1, 00,000, making Delhi the epicenter for a wide variety of industrial products including high value and high-technology goods. Delhi has gone through a rapid process of urbanization. The Master Plan for Delhi rules out setting up large and heavy industries, real estate projects in Delhi and many more. There is, however, scope to expand small-scale industries. The availability of infrastructure, wholesale markets, trade and other commercial services have promoted the expansion of small-scale industries in Delhi. Delhi has 28 industrial estates areas where about 25,000 industrial units are located. The growth of the software industry in Delhi has been relatively slow compared to Bangalore and Mumbai even though it has tremendous potential. The 2010 Commonwealth Games are scheduled to be held in Delhi, between 3rd October and 14th October 2010. With a population of over 15 million, Delhi is one of the largest cities in the world.

 


Facilities & Amenities:

Education in Delhi has seen a tremendous growth over the last few years with new colleges and research institutes being established here. Delhi has always been the hub of education in India with the track record of producing great talents. Delhi has universities, colleges, that schools that compete with the top in the world.

Delhi is famous for the shopping extravaganza ranging from the traditional jewelry and handicrafts to the latest fashionable consumer goods. Shopping in Delhi is a complete satisfaction because you get to choose from a wide range of options suiting every budget. The specialty of shopping in Delhi is the availability of goods sourced from all over the country. Delhi has specialized markets for different goods like Linen, leather, antiques, silks, furniture, etc.

 

Major Shopping Centers in Delhi :

  • Palika Bazar: The underground market in Connaught Place is famous for electronic goods, leather and apparels.
  • Dilli Haat: Dilli Haat is located in South Delhi near the INA Market. It is famous for handicrafts and state emporiums from different states across India.
  • State Emporiums: They are located on Baba Kharak Singh Marg and are famous for the traditional handicrafts from different states in India.
  • Ambawatta Complex: It is located on the border of Mehrauli village and is famous for the wide range of products like apparels, jewelry, and consumer durable goods.
  • Santushti Shopping Arcade: It is located near the Samrat Hotel in Delhi and is famous for handmade potteries and fashionable garments.
  • Hauz Khas Village: it is a big market of consumer durable goods. Fashionable garments, etc. Antiques and furniture can also be purchased from the shops in Hauz Khas Village.
  • Karol Bagh: It is located in Central Delhi and is famous for clothes, jewelry, electronic items and other consumer durable goods.
  • Lajpat Nagar Market: The central market in Lajpat Nagar is famous for its cheap and best readymade apparels.
  • Sarojini Nagar: The market is famous for its designer and latest fashion clothes along with handicrafts and other consumer durable goods.
  • South Extension: Located in South Delhi, South Extension market is famous for exclusive showrooms of Indian and International brands.
  • Khadi Gram Udyog Bhawan: Khadi is a popular fabric these days with young generation embracing it as a fashionable option.

 

Real Estate Development in Delh-NCR:

Real Estate in Delhi Region has shown an incredible development over the past few years and there has been a sudden increase in real estate prices in the important areas of Delhi and NCR. Buying and selling property in Delhi NCR is no more limited to just paying for a house or a flat or a home but it use in form of investment in real estate or in a property. Foreigners are now investing there money in the properties of Delhi or NCR. Now, shopping malls, flyovers, metros and better transportation make Delhi, Gurgaon or Noida more livable for foreigners. Gurgaon and Noida have shown remarkable development in this area.

Delhi & NCR has one of the world’s largest and most diverse economies. Additionally, demographics in Delhi & NCR are changing rapidly with the demands for home reached a new height in the present century. These changing demographics will affect the economy - specifically regarding business and land use for the coming years. Changes in age, ethnicity and income patterns can impact the development of projects, investment ventures and local real estate communities. The residential projects and commercial projects in Delhi and NCR area are now in very lucrative position proving to be the best for property investment. If you are looking for reliable hand to turn your property buying and selling dreams into a reality in the said regions then put faith in Builders & Developers in Delhi & NCR, India.

In Delhi & NCR, the real estate investment market is in flux, creating opportunities for the swift real estate investors. While the traditional residential real estate market is in doldrums, there are sectors that will double and perhaps quadruple in the next ten years. Smart investors are taking advantage of the real estate market and accumulating properties in promising sectors. Real estate always poses a challenging aspect of investment. Smart investors have a substantial portion of their portfolios in real estate.

Connectivity:

Connectivity of Delhi to and from major centers in India makes it an ideal place to visit and relocate. Business, education, IT and ITES have flourished in Delhi at a brisk rate with the graph ever increasing. Interstate road connectivity from Delhi to neighboring states like Haryana, Uttar Pradesh, Rajasthan, Punjab, Uttranchal (Uttrakhand), and Himachal Pradesh makes commuting an easy ride.

 

 

Distance from Major cities in India :

Agra 203
Allahabad 628
Bhubaneswar 1745
Chennai 2095
Dehradun 235
Ghaziabad 19
Gurgaon 30
Hyderabad 1499
Lucknow 497
Mumbai 1407
Pune 1417
Kolkata 1461

 

 

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  • Delhi Locality Map

  • Property Distribution

    • 45% - Apartments / Flats
    • 1% - Bunglow & Villas
    • 6% - Residential Plots
    • 41% - Builder Floor
    • 5% - Independent House

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