Buying a property in Delhi is in many ways a good choice. Recently, during my stay in Bangalore, I chanced upon an old friend with whom I worked in the Middle East long ago. Bangalorean myself, Michael Fernandez confided to me his interest in buying some commercial property in Delhi. He said he had some business plans. Michael, a shrewd mind and an intellectual in his late forties, he asked me about the real estate market in the national capital. real estate market in Delhi, I told my friend, was a witness in accordance value addition for the last few years. Of course, there is a small crisis in the light of recent global economic meltdown. But this is only a temporary phenomenon. Now, it is reported that the property market in Delhi is once again back in the saddle.
I told my friend, if the purchase of any property in Delhi, is required to undertake first-hand study of real estate scenario in Delhi. the national capital today is very different from what it was Decennium earlier. Besides being the capital city, the place is rapidly emerging as the center of a large commercial and industrial importance. Again, in light of the liberalization of economic policies by the Government of India, along with globalization, there has developed a new world economic order. The new trans-national economic equation, the Indian subcontinent has emerged as a new global market. Therefore, the major multinational corporations throughout the Global Spectrum vied with one another to have a larger share of the pie and they are bee-line for the Indian subcontinent. The presence of these corporations in the national capital directly affects the Delhi property market and prices of commercial and residential properties began to go up faster than ever before.
is a vibrant inevitable for several reasons. Besides being the capital city and commercial center of growing importance, Delhi with a high density of academic centers and government offices is a place with a growing demand for office space and accommodation. All this despite the growing demand, more and better infrastructure and public utilities, such as Delhi Metro Rail, have increasingly enhanced property prices in the national capital. Furthermore, a group of industrial cities - Gurgaon, Noida, Gaziabad and Faridabad - lying around the capital is increasingly important complement in Delhi and thus has a direct impact on the growing real estate market
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