Delhi Properties - Buy, Sell or Rent

By George Gonigal

Are you planning to buy, sell or rent a property in Delhi? Find out the best areas for investing in Delhi properties are and what is the best way to invest in Delhi real estate. Delhi, which is considered to be one of the fastest growing metropolitans in the country and enjoys the status of the most matured real estate market has plenty to offer in terms of residential and commercial properties. The prime locations for properties in Delhi are Aurangzeb Road, Chanakyapuri, Hauz Khas, Niti Bagh and Prithviraj Road. The Delhi property prices are at a steep at these prime locations where the capital values can range anywhere between 10000 and 12000 per sq ft.

The Delhi real estate has seen a spurge in the demand of properties in areas like Dwarka, Rohini, Mayur Vihar and Patparganj. The growing IT and ITES sectors have further fuelled the need for expansion in the Delhi real estate sector. The booming IT and ITES sectors has led to a tremendous growth in employment opportunities and coupled with a range of easily available home loans has made it easier for people to invest in Delhi properties Both big and small real estate developers have invested in developing residential projects that are reasonably priced and that caters to the middle class segment.

The demand for Delhi Properties in areas like Dwarka has increased due to the metro network and its close proximity to Gurgaon and this has also seen a rise in the property prices of the multi-storeyed flats and apartments. Areas like Mayur Vihar and Patparganj in East Delhi are also witnessing a dramatic increase in Delhi real estate development as it is well connected to Noida and perfectly suits the requirements of the professionals and the working community.
The other important reason for real estate development in East Delhi is also because of the upcoming 2010 Commonwealth Games and this has already led to an increase of Delhi property prices. The government is taking all the necessary steps such as setting up of a large number of group housing societies to abridge the demand-supply gap in the Delhi property market.

To find out which area in Delhi should you invest and what kind of property should you select, visit India’s No.1 property site www.magicbricks.com to get some of the best deals in Delhi Properties.

George Gonigal provides you the best and latest info on India Properties. He would also let you know about Mumbai Properties.