Delhi Property: Largely under the Influence of Escalating Prices

Real Estate India

Want a property in Delhi? If that's so, where are the areas that you looking for your property? If it is South Delhi, then I must tell you that the rates in the localities have dropped amazingly by 20-25%. Whether it is Gulmohar Park, Greater Kailash, Vasant Kunj, or Defence Colony, the real estate prices have depreciated quiet well. So, if you want a dream of house of yours in this particular region, time is just ripe for that. Delhi property has seen some of the strong changes in recent months, thanks to the new policies  chalked out by the authorities.

Last month, the government came out with its new Land Farm Policy. According to it, it has proposed to built farm houses in 26 villages that were, hitherto, only thinly populated. The elite class saw this a good opportunity, as they can now get farmhouses in the same price-range that were supposed to invest on buying bungalows in South Delhi. With the announcement, the buyers who were eying Delhi property in South Delhi, shifted their focus to these villages, where the farm houses worth acres are to be constructed. This led to an appreciable drop in the capital rates. So, if you want a relatively cheaper house in southern localities, it is just the right time to make a buy.

Talking of the real estate in other parts of the city, there is no drop of capital rates. In fact, Delhi has stood second among all the cities in the world where rates have appreciated at the highest rate. Next only to Jaipur, the city witnessed a rise of 60% in property rates since 2011. The city has even left behind other cities like Sao Paulo, which has earned the status of the second fastest rising International property market.  If the trend continues, Delhi property shall soon see the burst of the real estate bubble that has been created intentionally by the developers.

Makaan.com, the leading real estate portal, allows you to buy, sell, or rent Delhi property. Make an intelligent search of all types pf properties, by using criteria like locality, price-range, age, and type of  property.