Apartments in Delhi - A Good Investment Option

Delhi is the national capital and also one of the best destinations for investors to buy property. Delhi having an advantage of good connectivity with most of the cities in India houses the top most corporate houses in the world. The main upswing of construction activities is going on in New Delhi, with number of residential as well commercial spaces being developed by prominent real estate developers.

DDA has drawn up several plans for next two years including mega housing project in Dwarka, Bio-diversity Park housing over 5,000 species of flora and fauna along the Yamuna banks, a spiritual garden forming a link between South Delhi's three major temples in Kalkaji.

Ansal Properties is all set to carve a substantial niche for itself in Delhi with its real estate projects: Ansals Sushant City and Valley View Estate. Being the IT hub of India, Delhi proves to be the center for real estate transactions in the country.

With the increasing influx of students and tourists in the city, Delhi Real Estate Developers have started coming up with the idea of service apartments a concept borrowed from the West. The service apartments in Delhi are fully furnished and provide a nice staying experience in Delhi. They are are becoming very popular amongst these international tourists and students as they are cheaper than the hotels and give them a nice, secured homely experience.

With unavailability of land in rest of Delhi, Dwarka has become apparent choice for real estate developers in Delhi for constructing apartments. Investors are readily interested in buying apartments in Delhi as the rental values have also sky rocketed in the past few months. Moreover, with growing crime rates people are very all these apartments.

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Home Loan Rate inTerest Rates: Burdening the Masses?

Higher home loan interest rates will soon become a fact of life from the coming month, thanks to the announcement of the Reserve Bank of India (RBI) for increased repo rate and Cash Reserve Ratio (CRR)

While expectations of a rise for home loans between 0.5% and 1% in the interest are predicted by home loan lenders, some have even indicated a jump of 2%.

This will add to the monthly investments’ increase for an average home seeker who already feels burdened with overall costs of buying a house.

With the cost of living already going up by rising inflation standards, don’t we need an innovative thinking for housing loan solutions offered by government authorities or the developers that may save us from the both financial as well as psychological pressures?

Can Green Homes be Affordable?

Building green homes is becoming popular in India. Civic authorities started this trend by constructing energy efficient buildings. These buildings use energy saving practices like making optimum use of daylight, reusing water and conserving energy. The India Habitat Centre at New Delhi is one such building.

Many private property developers are trying to incorporate these features in their construction. The only hindrance is that the construction material required to build an energy efficient building (special bricks, glazed glass etc) is very expensive. Hence the overall construction cost rises.

Will any technological innovation help in reducing costs for green buildings? Do you know of any property developer who is constructing green homes?

Are Property Prices Coming Down Any Soon?

Property consultant Knight Frank expects further correction in home prices in India. Their recent report suggest that since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.

Recent media reports have also suggested the same trend. Reports suggest that Real Estate Prices in Mumbai, Bangalore, Pune, and National Capital Region have corrected 15-20% in the first quarter of this year. Market-watchers say that this trend will be repeated across the Tier II cities and suburbs too. No wonder property developers are wooing prospective users with all sorts of offers. Some are even offering lower EMIs for flats while some are offering goodies like cars along with property. Still others are wavering off the stamp duty prices.

Are the property prices coming down in your area? Is the property slow down really impacting the end user in a major way? Should the home seekers cheer for some reasons? Is there a possibility of a market dive? Or is this a temporary phase in the housing segment?

Availability of Property in Delhi

Prime real estate in Central and South West Delhi has witnessed steady purchasing activity. This may be attributed to the fact that the availability is limited in South & Central Delhi. Many investors, High Net worth Individuals HNI as well as NRIs are focused there. Most of the sales have been in the small developments on old plotted areas where developers are building single floors.

There is hardly anything available for the middle and the lower middle classes. There is nothing in studio apartment or the 2 bedroom category. The actual buyer is definitely there but is waiting for values to stabilize or interest rates to dip.

Delhi Real Estate- Knowing Panchsheel Park

Located at just 15 kilometers away from the New Delhi Central Business District Connaught Place and other commercial places, Panchsheel Park occupies a prime location in the real estate landscape of Delhi. The twin colonies of Panchsheel Park and Panchsheel Enclave came up between 1965 and 1970 while Soami Nagar and Sarvapriya Vihar were established in 1970s.

The housing infrastructure of Panchsheel comprises of independent houses, villas, builder floors, residential apartments and DDA flats. Price of Properties depends on the area, size, quality and location of the property. The state of water and power supply, sewerage system and roads is quite satisfactory in the colonies and the safety and security of the residents is also well taken care of.

Booming Property Market in Delhi NCR

In today’s day and age, eyes of the potential buyers and investors are all set on the NCR property market. Ongoing commercial developments in Delhi and NCR have led to an increase in the demand for office and residential space. Also, the limited supply of properties in Delhi is cited to be one of the important reasons behind this sudden boom in NCR real estate market. Parts of Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi constitute the NCR region and a boom in this region was first started with Gurgaon and Noida. Gurgaon which is touted as India’s outsourcing capital saw a sharp increase in its property rates within a span of few years. A similar trend was also seen in Noida thereby making it imperative for the real estate industry to look for newer locations.

Towns like Ghaziabad, Meerut and Faridabad are rapidly becoming the hotbeds for massive real estate development. Besides keeping in mind the escalating property prices, most of these areas are also well connected to the NCR thereby ensuring the properties turn into lucrative options for the buyers. But in the midst of aggressive real estate development in NCR, lies the dillemma of finding out the feasibility of making the right decision while choosing a property for commercial or residential purpose.

Delhi, the heart of the NCR region has already reached a mature stage in the real estate sector and this is evident with the soaring property prices and property rentals of both commercial and residential space in most of its prime locations. However the high property prices have not put a dampener to the real estate development as much can be seen happening in areas like Dwarka, Rohini, Mayur Vihar, Jasola and Patparganj. Well connected to Gurgaon and Noida along with the upcoming metro network has seen a spurge in the development of a large number of group housing societies.

Following close on the heels of Delhi are Gurgaon and Noida where the property prices have also increased tremendously within a short span of time. Boosted by continuous commercial development, the rentals in Gurgaon have gone up from approximately Rs. 40 per square feet per month to Rs. 120 per sq ft per month within a period of three years. Indeed, Gurgaon real estate, as the actual trendsetter, leads the property markets in different locations.

Whereas, the second hot favorite location are the twin cities of Noida and Greater Noida. Infact Noida is being projected as the next boomtown in order to lure more foreign investments. In order to meet the real estate demands big real estate companies such as Unitech are setting up exclusive township on the Noida – Greater Noida Expressway.

With so much of rapid development happening in the NCR region, it is only left to be seen how this shapes up the real estate sector in this part of the country. Do you think this would benefit the customer as it gives him more options or the skyrocketing property prices will act as a deterrent? Share with us your opinions and views on how and what you perceive about the growing demand for properties in NCR.