Buying a house at the present rates in Delhi is something to be proud of. Ensuring that property transactions happen in a transparent manner is also very important. Read this article to know about real estate Delhi and more.
Political or personal, hordes of people come to Delhi every year. Many make the city their home. Living in Delhi, though, has its own set of challenges. Finding an affordable house in Delhi is one of them. Real Estate of Delhi has innumerable options. Residential properties in Delhi are available with a long list of amenities. Luxurious houses or fully furnished apartments, the city offers a variety. So where’s the catch. The Steep Property Rates.
Rates of residential properties in Delhi is sky rocketing. A average two-bedroom apartment in Delhi of 1000 square feet costs somewhere between 60 to 80 lakhs. This price is for realty options in East Delhi and North Delhi locations. Buying a property in South Delhi residential colonies is unthinkable for the average middle class buyer.
Though most the Delhi localities are sold, whatever options are available comes at a premium. For the cash rich individuals, Delhi properties are affordable. South Delhi localities offer independent floor apartments and houses. Rates of properties starts from 1 crore and upwards. These properties are ideally suited for the high net worth individuals.
Most of the available properties in Delhi, especially in posh south Delhi localities come in the luxury category. Apartment for sale have several amenities. From fully-fitted modular kitchens to centrally air conditioned rooms, buyers can get a variety. Finding luxurious apartments in Delhi is easy. Either contact real estate agents or visiting the Indian property websites, information can be found of a long list of properties for sale.
Category A Localities in Delhi
Greater Kailash, Gulmohar Park, Defence Colony, Anandlok, Panchsheel Enclave, Green Park, Golf Links and Hauz Khas – the circle rates for these localities as of Nov 2012 are Rs 6.45 lakh per square metre. Buying a house or apartment in these localities is expensive.
The rising population of Delhi consists of working class who cannot afford such high cost real estate. Finding affordable house/apartment in Delhi is difficult but not unattainable. In the real estate parlance, the world affordable varies from city to city. For Delhi, a house with 40 -50 lakh cost is affordable. Such residential options are available certain localities. Most of the residential units on sale are apartments by small builders. Depending upon the amenities in flats, the builders ascertain the cost. Real estate experts say such properties are few and soon will fall in the resale category of realty.
Whatever the type of property, budget housing or luxurious apartments, investment in Real Estate Delhi should be done after a proper research. Investing in the Indian Real estate sector today is more expensive, so if one wants to buy a property in Delhi or NCR, one should know about many facts.
Know the name of reputed property developers in Delhi
Since many developers involve fraudulent activities in realty dealings, one should be cautious. Doing a property transaction means huge amount of money. Knowing the names of reputed realtors in the market will save the money from unnecessary hassles.
Check the property rates
Information of the current property rates is important. The properties in Delhi are costly and knowledge of the rates in different localities will come handy.
Check the possession dates and availability of home loans
Most of the buyers take home loans in buying property. And everyone wishes to possess the property as soon as possible. Many property developers delay the possession dates by months or by years. Availing home loans means that emi’s are paid every month. For the first time middle class buyers, paying for rent as well as Emi makes it difficult.
Political or personal, hordes of people come to Delhi every year. Many make the city their home. Living in Delhi, though, has its own set of challenges. Finding an affordable house in Delhi is one of them. Real Estate of Delhi has innumerable options. Residential properties in Delhi are available with a long list of amenities. Luxurious houses or fully furnished apartments, the city offers a variety. So where’s the catch. The Steep Property Rates.
Rates of residential properties in Delhi is sky rocketing. A average two-bedroom apartment in Delhi of 1000 square feet costs somewhere between 60 to 80 lakhs. This price is for realty options in East Delhi and North Delhi locations. Buying a property in South Delhi residential colonies is unthinkable for the average middle class buyer.
Though most the Delhi localities are sold, whatever options are available comes at a premium. For the cash rich individuals, Delhi properties are affordable. South Delhi localities offer independent floor apartments and houses. Rates of properties starts from 1 crore and upwards. These properties are ideally suited for the high net worth individuals.
Most of the available properties in Delhi, especially in posh south Delhi localities come in the luxury category. Apartment for sale have several amenities. From fully-fitted modular kitchens to centrally air conditioned rooms, buyers can get a variety. Finding luxurious apartments in Delhi is easy. Either contact real estate agents or visiting the Indian property websites, information can be found of a long list of properties for sale.
Category A Localities in Delhi
Greater Kailash, Gulmohar Park, Defence Colony, Anandlok, Panchsheel Enclave, Green Park, Golf Links and Hauz Khas – the circle rates for these localities as of Nov 2012 are Rs 6.45 lakh per square metre. Buying a house or apartment in these localities is expensive.
The rising population of Delhi consists of working class who cannot afford such high cost real estate. Finding affordable house/apartment in Delhi is difficult but not unattainable. In the real estate parlance, the world affordable varies from city to city. For Delhi, a house with 40 -50 lakh cost is affordable. Such residential options are available certain localities. Most of the residential units on sale are apartments by small builders. Depending upon the amenities in flats, the builders ascertain the cost. Real estate experts say such properties are few and soon will fall in the resale category of realty.
Whatever the type of property, budget housing or luxurious apartments, investment in Real Estate Delhi should be done after a proper research. Investing in the Indian Real estate sector today is more expensive, so if one wants to buy a property in Delhi or NCR, one should know about many facts.
Know the name of reputed property developers in Delhi
Since many developers involve fraudulent activities in realty dealings, one should be cautious. Doing a property transaction means huge amount of money. Knowing the names of reputed realtors in the market will save the money from unnecessary hassles.
Check the property rates
Information of the current property rates is important. The properties in Delhi are costly and knowledge of the rates in different localities will come handy.
Check the possession dates and availability of home loans
Most of the buyers take home loans in buying property. And everyone wishes to possess the property as soon as possible. Many property developers delay the possession dates by months or by years. Availing home loans means that emi’s are paid every month. For the first time middle class buyers, paying for rent as well as Emi makes it difficult.