NCR Delhi has witnessed a lot of political, social, cultural, economical and geographical change in past centuries. No doubt all these changes have made Delhi a better place and have presented it in a latest global map worldwide. Real estate in Delhi has also gone through lots of positive changes which is the major cause of the sudden boom in the realty sector. Be it residential complexes or commercial properties, realty sector has reached its peak in past few years.
Delhi National Capital Region (NCR) is going through a major real estate boom .The emergence of Malls has changed the way people shop. Malls have brought everything under one roof. Be it Various national and international brands or food chains or multiplex cinema or kids recreational zone or grocery or daily household stuff or furniture or electronics etc, all is available under one roof with parking facilities as well. Malls and multiplexes have mushroomed in almost all corners of the city. Purchasing power has been directly associated with the boom in realty sector. People are using it as a tool for obtaining revenues through mortgaging their property. Best reason for investing in realty sector is its guaranteed profits. Though the profits fetched from one's such long termed investment vary from place to place according to the geographic locations, investor can be least bothered because even recession is had to believed negligible effect on the residential and commercial property in and around Delhi NCR . And thus it attracts not only Indian investors but the capital city is most favorites among the NRI’s and various multinational companies.
Recent years have witnessed a vast change in the whole real estate scenario. Both the investors and the construction houses have become more professional as compared to earlier times. Government of India has also introduced number of property and land reforms to facilitate national and global investors. Banks and housing finance companies have become more customer friendly .Delhi Development Authority (DDA) has amended its land acquisition policy to bring in private players for the further development of Capital. The private developers will now acquire land directly from the farmers. This tweak of DDA is believed to witness at least 5-6 lakh new commercial and residential property developing in coming years. No wonder Delhi is quite often termed as City of cities.
Delhi National Capital Region (NCR) is going through a major real estate boom .The emergence of Malls has changed the way people shop. Malls have brought everything under one roof. Be it Various national and international brands or food chains or multiplex cinema or kids recreational zone or grocery or daily household stuff or furniture or electronics etc, all is available under one roof with parking facilities as well. Malls and multiplexes have mushroomed in almost all corners of the city. Purchasing power has been directly associated with the boom in realty sector. People are using it as a tool for obtaining revenues through mortgaging their property. Best reason for investing in realty sector is its guaranteed profits. Though the profits fetched from one's such long termed investment vary from place to place according to the geographic locations, investor can be least bothered because even recession is had to believed negligible effect on the residential and commercial property in and around Delhi NCR . And thus it attracts not only Indian investors but the capital city is most favorites among the NRI’s and various multinational companies.
Recent years have witnessed a vast change in the whole real estate scenario. Both the investors and the construction houses have become more professional as compared to earlier times. Government of India has also introduced number of property and land reforms to facilitate national and global investors. Banks and housing finance companies have become more customer friendly .Delhi Development Authority (DDA) has amended its land acquisition policy to bring in private players for the further development of Capital. The private developers will now acquire land directly from the farmers. This tweak of DDA is believed to witness at least 5-6 lakh new commercial and residential property developing in coming years. No wonder Delhi is quite often termed as City of cities.
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