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Monday, May 10, 2010

Realty Market in Delhi

Delhi, the national capital of India is one of the hottest destinations for investors. One of the main reasons why Delhi is an investor’s priority is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.

In the residential market segment, Delhi has been known to make the most astronomical transaction where properties sell for millions. This trend though most common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka. The rental values of residential properties like the apartments and independent houses are quite high.

Commercial properties like the office spaces in particular are in much demand as every other company want to have their offices in the city, as Delhi has better edge over many other metros in infrastructure, availability of professional work force and connectivity. In recent years, Delhi property has seen an exponential growth rate due to immense improvement in the transport system, expansion of Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital.

A look at Realty Market in Delhi:
Apartment rates in Delhi –
Central Delhi – Rs 7500 to Rs 28000 per sq. ft.
East Delhi - Rs 3000 to Rs 6000 per sq. ft.
West Delhi – Rs 4000 to Rs 10000 per sq. ft.
North Delhi - Rs 5000 to Rs 8000 per sq. ft.
South Delhi - Rs 3500 to Rs 12500 per sq. ft.

Builder’s flats in Delhi – 

Central Delhi – Rs 2700 to Rs 18000 per sq. ft.
East Delhi - Rs 4000 to Rs 10000 per sq. ft.
West Delhi – Rs 5800 to Rs 13000 per sq. ft.
North Delhi - Rs 5000 to Rs 14000 per sq. ft.
South Delhi - Rs 4000 to Rs 28000 per sq. ft.

Plot rates in Delhi – 

Central Delhi – Rs 80000 to Rs 500000 per sq. ft.
East Delhi - Rs 25000 to Rs 100000 per sq. ft.
West Delhi – Rs 100000 to Rs 200000 per sq. ft.
North Delhi - Rs 70000 to Rs 250000 per sq. ft.
South Delhi - Rs 75000 to Rs 400000 per sq. ft.

Rental values in Delhi – Apartment rental values (2 BHK)
Central Delhi – Rs 8000 to Rs 50000 per month
East Delhi - Rs 5500 to Rs 13000 per month
West Delhi – Rs 3000 to Rs 10000 per month.
North Delhi - Rs 5000 to Rs 15000 per month.
South Delhi - Rs 15000 to Rs 35000 per month

Builder flat rental values in Delhi –

Central Delhi – Rs 10000 to Rs 60000 per month
East Delhi - Rs 4000 to Rs 40000 per month
West Delhi – Rs 10000 to Rs 20000 per month.
North Delhi - Rs 6000 to Rs 30000 per month.
South Delhi - Rs 8000 to Rs 150000 per month

These are the latest rates and rental values of potential realty market of Delhi, but still it has lot to offer to both sellers and buyers.

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