Price of Residential Property in Delhi Rise Manifold in 10 Years
Are you looking for an affordable property in South Delhi but worried about the rising property prices? The good news is that you can easily find a property in South Delhi at reasonable price compared to other residential localities in NCR. Price of South Delhi property has increased manifold in the past decade with the enhancement of connectivity and infrastructure. Moreover, because of the supply of homes is always short there is always a demand of Delhi NCR real estate.
South Delhi property usually includes the areas South Extension Part I&II, Kalkaji, Green Park, Haus Khas, Vasant Kunj and Vasant Vihar. One of the prime reasons for the rising prices of residential property in Delhi is the limited land and well connectivity with other cities of North India. The international and domestic airports are considered to be gateways to the world. Besides, all the important head offices of Central government are located in the city.
The value of properties in South Delhi has gone up to crores in the past 10 years. Bungalows in the area of Shanti Niketan are selling at a whopping price. According to a report, ITC chief YC Deveshwar bought bungalow in South Delhi for around Rs 85 crore at a price of approximate Rs 10.62 lakh a square yard. From such deals one can easily evaluate the rising value of the properties in Delhi.
Moreover, with the announcement from Delhi government to allow extension of lal dora land the demand of areas such as Chhatarpur, Sultanpur, Ghitorni has increased manifold. However, the real bloom will initiate once the MCD will start approving the plans to build residential units.
Irrespective of rising prices, many home buyers are coming out looking for property for sale in Delhi. They are exploring every possible opportunity to spot a potential property in Delhi that is a good investment option and would yield impressive returns.
To materialize their objective, many home buyers are approaching real estate agents with the hope of finding good deals, whereas smart buyers are taking help of online realty websites to search properties offered at discounts and compare prices of various properties in South Delhi. The numbers of online users have increased searching for properties meant for rent/lease/sell as all information are now made available at just a click of mouse.
Not only the demand for South Delhi property is in rise but the areas including outer Delhi has witnessed a demand.
South Delhi property usually includes the areas South Extension Part I&II, Kalkaji, Green Park, Haus Khas, Vasant Kunj and Vasant Vihar. One of the prime reasons for the rising prices of residential property in Delhi is the limited land and well connectivity with other cities of North India. The international and domestic airports are considered to be gateways to the world. Besides, all the important head offices of Central government are located in the city.
The value of properties in South Delhi has gone up to crores in the past 10 years. Bungalows in the area of Shanti Niketan are selling at a whopping price. According to a report, ITC chief YC Deveshwar bought bungalow in South Delhi for around Rs 85 crore at a price of approximate Rs 10.62 lakh a square yard. From such deals one can easily evaluate the rising value of the properties in Delhi.
Moreover, with the announcement from Delhi government to allow extension of lal dora land the demand of areas such as Chhatarpur, Sultanpur, Ghitorni has increased manifold. However, the real bloom will initiate once the MCD will start approving the plans to build residential units.
Irrespective of rising prices, many home buyers are coming out looking for property for sale in Delhi. They are exploring every possible opportunity to spot a potential property in Delhi that is a good investment option and would yield impressive returns.
To materialize their objective, many home buyers are approaching real estate agents with the hope of finding good deals, whereas smart buyers are taking help of online realty websites to search properties offered at discounts and compare prices of various properties in South Delhi. The numbers of online users have increased searching for properties meant for rent/lease/sell as all information are now made available at just a click of mouse.
Not only the demand for South Delhi property is in rise but the areas including outer Delhi has witnessed a demand.
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