Why Is Real Estate in Such Demand in New Delhi?
Be it residential plots or commercial property, New Delhi has been the largest real estate marketplace in all of India. There is enough availability of office space for leasing in New Delhi among every other property type. If you have an idea of your dream home then you shall find it here!
- Well, known real estate market portals online comprise of a string New Delhi market culture when it comes to the listing of properties from numerous buyers. Moreover, there is a huge resale market as well wherein a string of vibrant and exciting offer deals are made in the form of outright sale, resale, and rentals.
- Since building one’s own home on one’s own plot has been a part of the tradition of the city for decades, there is still a huge demand for plot purchase in New Delhi to this day. Even though New Delhi may be the most popular high rise residential marketplace, the plots in New Delhi are always in high demand.
- Various types of residential plots of varying price ranges are available as part of various projects across New Delhi. Where there are small plots of 100 to 200 square yards, there are also larger plots that go up to 500yards. All of these plots come in various price ranges to fit the budget of every kind of buyer.
- It is not like only new plots with new builder projects are available in the market. There is a flourishing resale market for plots in New Delhi. It is actually the resale market that keeps the real estate market thriving in New Delhi. There are innumerable sellers posting ads on online real estate portals every day.
Make Sure It Is Approved
A residential plot which is approved by the government, and is located in a posh area commands a premium price. This is simply because buyers are always on the lookout for the right sized plot in a good location to build their homes while also having good transportation, malls, schools, and healthcare facilities within the vicinity.
The Right Place to Invest
If you are an investor then New Delhi serves as the ultimate place for investment opportunities. If you are looking to make a major investment then there is no better place to make it than in real estate in New Delhi. This is because there are opportunities galore in several parts of New Delhi with great location that are quickly developing. The plots available in such locations can be bought for a fairly affordable price and can be sold off a few years down the line when significant development has taken place. This will allow for a great profit margin.
Domestic as well as NRI investors are leveraging this investment opportunity as well thus contributing significantly and leasing commercial property for sale in New Delhi to the overall rise in demand for plots in New Delhi.