redingtonindia

Delhi – redingtonindia

Real Estate

Delhi has become a place of intense speculative activity. A quarter to three-fourths of present property demand is believed to be from individuals, who view Delhi as an ideal real estate destination for investment reasons as well as habitation purposes. From the last few years the growth of real estate has been at the rate of 30% on per annum basis. 

With the ready availability of superior infrastructure and the booming IT and BPO sectors the quality of life in Delhi has been on an upswing. The emerging employment trends and high money jobs have helped in putting purchasing and decision making powers into the hands of 20 to 30 years age group. They form a major chunk of high salried individuals. With rapid rise in awareness levels they are drawn towards furthering their growth in investments and the spiraling real estate properties are considered as one of the best options. 

With a steady flow of qualified migrants from other parts of country to fill huge vacum in employment oppurtunities, the future of real estate in Delhi is on a sustained growth pattern. 

The primary features of the real estate senario in Delhi are –

The Demand:
There has been a substancial increase in demand with the entry of corporates, who are planning relocation strategies for gaining legal office space in Delhi. The consistent rise has resulted in a rise of 5-10% in rental and capital values. With the potential for further rise in real estate demand it has attracted a steady stream of inversors, pushing the prices 2 to 3% upwards. 

Basis for Boom:
For the past few years the real estate industry is riding on the wave of favourable factors like easy availability of cheap loans, flexible repayment options and meteoric rise in incomes. This confluence has resulted in making property buying as a more affordable proposition. 

Entry of Property Funds:
With the winds of change blowing across industry verticals, financing in real estate is set to be more institutionalized. The recent decision of SEBI a regulator of stock markets, has permited the entry of mutual funds in the country. This feature will help real estate becoming undoubtedly the best place to invest for earning huge dividends. 

With a dramatic increase in quality of life, favourably aided by a booming economy and consumer market, Delhi has become one of the most seeked destinations for investment in residencial properties. There is a spurt in foreign and national construction and housing groups providing residencial property options as the present market is ruled by the youths below 25 years of age. Taking into perspective their working and earning patterns, the emerging demand is going to give a long term sustained growth to the residencial property sector.

Delhi has emerged as the most favored option for owning residencial property as it is centrally located and with the addition of metro, it has emerged as one of the most prominent well connected cities. Some features that adds up to the USP’s of owning rsidential property in Delhi are : 

  • Presence of premier educational institutions and renowned schools.
  • Home to number of renowned intellectuals, museums and other places of importance.
  • High level of connectivity at various levels like – intra city, with other states and the whole world.
  • Emergence of high paying job opportunities with the coming of BPO’s and other multinationals.
  • High returns on foreign investments and relocation prospects have attracted investment from Non-Resident Indians (NRIs) and multinationals to the capital.

 

Faridabad – redingtonindia


Being adjacent to Delhi, there are a lot of benefits associated with Faridabad. This adds value to the overall properties in Faridabad. Faridabad is much visited by the citizens of Delhi who have a good standard of living and aspires to upgrade to the next level. 

Another factor which has recently contributed to the speedy growth of the city of Faridabad is the number of real estate projects coming up here. Real Estate companies have boosted the image of Faridabad with glamorous and high class projects both residential as well as commercial. The real estate prices are multiplying and the demand is ever increasing. 

Land price trends
After years of suburban status, Faridabad is the third satellite town of the National Capital Region (NCR). It is now in a position where it can dictate terms in the real estate sector. Land prices in Faridabad have increased by more than 60 to 70% in the last one year alone. In prime sectors like 15 and 16 last year, land prices were Rs 10,000 to 12,000 per sq yard which are now Rs 20,000 to 22,000 per sq yard. 

In other adjacent sectors like 81 to 90, they were 3,000 to 3,500 per sq yard last year, but now, they are Rs 9,000 to Rs 10,000 per sq yard. Experts feel that Faridabad is emerging as a viable alternative to Gurgaon and Noida where prices have touched the sky. 

 

Ghaziabad – redingtonindia

As Ghaziabad is the part of NCR region, more and more people are attracted towards it and seek residential and commercial property. Vasundhara, Indirapuram, Vaishli, Shipra Suncity and Kaushambi situated on National Highway 24 is the key areas where the real estate boom is happening. If you are interested in any kind of property dealing in this prime location like selling / purchasing houses, apartments, land or offices India Real Estate Agents can guide you to find the best deal.

There are a number of private engineering colleges and management institutes in Ghaziabad. There are also a few dental colleges and physiotherapy institutes. The number of educational and training institutions are opening their branches in Ghaziabad. It is also a reason for an increase in the demand of real estate. 

Basis of Boom
Today, the city’s economy is very liberal and transparent towards promoting private investments, both domestic and foreign. The State has investor-friendly policies that encourages dealers and developers to turn towards Ghaziabad. Ghaziabad has large and diversified infrastructure and has developed banking system with over 4500 bank branches.

In one Sentence, Ghaziabad can be the best choice for buying residential property or commercial property.