Delhi Property – 16th Most Expensive Real Estate Market Of The World

Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.

Residential Real estate
Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.

Commercial Real Estate
The leading retail brands in Delhi property estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.

New Delhi commercial market space is broadly classified into:
Central Business District Connaught Place
Secondary Business District Nehru Place & Bhikaji Cama Place in South Delhi
Peripheral Business District Jasola, Saket & Noida.
Some of the major transactions in Delhi property market are:

Central Business District
Ministry of Finance 15,700 sq.ft.
Edelweiss 13,500 sq.ft.
Maquaire 7,000 sq.ft.
Atlanta 20,000 sq.ft

Secondary Business District

Nehru Place
Sunflag 3,500 sq.ft.
Jasola

Porsche 14,000 sq.ft.
Sapient 22,000 sq.ft.
Hansgrohe 23,000 sq.ft.
Juniper Networks 8,000 sq.ft.

Saket
ICICI Prudential 10,000 sq.ft.

Peripheral Business District
Gurgaon
LI & Fung 200,000 sq.ft.
Deloitte 70,000 sq.ft.
Ericsson 70,000 sq.ft.
Kyocera -12,000 sq.ft.
Fujifilm – 10,000 sq.ft
Noida
Accenture – 2,00,000 sq.ft
Sapient – 2,00,000 sq.ft
Amway 26,000 sq.ft

Conclusion
Thus, Delhi is a preferred place for investors worldwide and the city is a significant destination for leading MNCs, IT/ITES companies and corporate pouring lot of investments that in turn creating a hue demand for commercial real estate space in Delhi property market.

According to industry survey, Delhi real estate is considered to touch greater heights in the hospitality sector with 27 new hotels and serviced apartments with more than 4900 rooms in the next 3-4 years. And, the other interesting and fascination information is that Delhi real estate is expected to touch minimum hundred shopping malls by end of 2010 due to burgeoning retail space demand in Delhi real estate market.

Delhi Property As The 16th Most Expensive Real Estate Market Of The World

Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.

Residential Real Estate:

Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.

Commercial Real Estate:

The leading retail brands in Delhi real estate estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.

New Delhi commercial market space is broadly classified into:

Central Business District Connaught Place
Secondary Business District Nehru Place & Bhikaji Cama Place in South Delhi
Peripheral Business District Jasola, Saket & Noida.

Thus, Delhi is a preferred place for investors worldwide and the city is a significant destination for leading MNCs, IT/ITES companies and corporate pouring lot of investments that in turn creating a hue demand for commercial real estate space in Delhi property market.

According to industry survey, Delhi Real Estate is considered to touch greater heights in the hospitality sector with 27 new hotels and serviced apartments with more than 4900 rooms in the next 3-4 years. And, the other interesting and fascination information is that Delhi Property is expected to touch minimum hundred shopping malls by end of 2010 due to burgeoning retail space demand in Delhi real estate market.

Real Estate Developers Noida-mmr Group

Buying a new home may have several different reasons behind it. You might have one of your own. Real estate prices in New Delhi, particularly, in the Gurgaon and Noida, both integral parts of the NCR (National Capital Region).

Among the top notch real estate developers Noida is MMR Group Noida, a company actively participating in creating concept living spaces across the country. They have left their mark in several remarkable achievements over the years. According to insiders, the company has been behind several projects in the NCR, some of which are still considered benchmark structures.

Trends in Home and Land Prices across India
A pattern can be observed in prices all throughout the real estate industry across India. Be it New Delhi, Kochi, Bhopal or Faridabad, prices have gone up significantly in the recent past. A survey carried out by the National Housing Bank (NHB) shows that first time home buyers are not enthused by the infrastructure in satellite areas around developed cities of India. This had led them to buy properties within the city, thereby increasing the price of properties by:
33.73{8dac5dcb9f942b09754d29d206f8ecad2fe1c20701ee3d2765cee79f805470e6} in Bhopal (Madhya Pradesh)
33.38{8dac5dcb9f942b09754d29d206f8ecad2fe1c20701ee3d2765cee79f805470e6} in Faridabad (Haryana)
24.30{8dac5dcb9f942b09754d29d206f8ecad2fe1c20701ee3d2765cee79f805470e6} in Kochi (Kerela)
16.60{8dac5dcb9f942b09754d29d206f8ecad2fe1c20701ee3d2765cee79f805470e6} in Surat (Gujarat)
16.29{8dac5dcb9f942b09754d29d206f8ecad2fe1c20701ee3d2765cee79f805470e6} in Delhi

One reason that has propelled real estate prices in India is the rising cost of building materials and the sudden spurt of living standards of citizens residing in regions such as Noida, Gurgaon, Bangaluru, and Ahmedabad. real estate developers Noida are gradually awaking to the fact that buyers are willing to dole out the extra amount for better features. The sudden emergence of the feature seeking buyer has prompted property prices to rise all throughout the country but particularly in Noida and the adjoining NCR region.

We must consider multinational companies which are behind the rocketing land prices. These are aggressively acquiring land for their upcoming offices or to increase their existing infrastructure in the NCR, where talents migrate for jobs from all over the nation.

Why MMR Group Noida?
First and foremost, the real estate developers Noida we are talking about are based in Sector 62, which is currently under a wave of development. At least 5 new metro railway stations have been proposed in the sector. Chandra Bhanu Singh, Deputy CEO of Noida Authority is enthusiastic about the progress and says that construction will begin soon.

The choicest of the regions educational, health, financial and business institutions are within reach of the MMR Group Noida structures. What makes it even more attractive is the pricing of the project. Despite the slump in the real estate, ken investors are putting their money on MMR Group Noida.

The mood is upbeat which is evident from the interest shown by professionals in their late thirties with high income, but living in rented apartments. Visit the Facebook page of MMR Group Noida to keep in touch with the latest.

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