Delhi the capital of country holds a very special place in real estate market in India. There are lots of opportunities in real estate here. Though it is reached its prime, still there is scope for investment in real estate in Delhi. The value of the real estate in India is equal to any major city in the world.

The real estate in Delhi includes residential flats, apartments, houses and bungalows. There is also scope for retail market shops, builder’s floors and malls. Many people are selling of their old houses and giving them to the builder. The builder then uses the land to build flats and gives a few flats to the land owner. It has become very common to enter into this type of deal. The land owners get new style flats which are easy to maintain. The old façade of Delhi has changed drastically and is still changing.

Another development is the commercial estate development. There is huge demand for commercial space lie retail outlets, malls, and other office complexes. The cost of the space is very high and is fixed according on the basis of per square feet.

Generally the capital and rental values of apartments are based on the kind of construction and the plots for various localities. There has been a fast and speedy growth in the real estate in Delhi. Delhi is a major attraction for both builders and investors and the satellite cities of Gurgaon, NOIDA are also seeing huge development.

There is lots of construction going on in Delhi residential as well as commercial. The Delhi residential scene has seen an increase in luxury flats, apartments and homes, though the prices are quite high. Generally NRIs foreign investors and multinational companies are the prime investors in real estate in Delhi. The real estate sector for commercial and residential properties in Delhi continues to grow and it has led to economic development of Northern Capital Region.

There is huge growth in the residential properties in India. It is growing at the rate of 25% to 30%. The availability of easy finance schemes is one of the main reasons for this boom in the residential property. The multinationals that have entered the Indian market are very good pay masters and have contributed to a large extent to this boom. These companies are very good pay masters, the western culture has entered India with nuclear family system and the easy financial assistance available through banks, and all have contributed to the demand for residential properties.
Moreover there has been relaxation in the FDI rules by the government and many foreign companies have entered this market. Bangalore is seeing lots of foreign entrants in the real estate industry. The Royal Indian Raj International Corporation, which is a Vancouver-based Real estate company is going to invest in residential project named Royal Garden City in Bangalore that will be developed over a period of 10 years. Morgan Stanley Real Estate has also entered India market and is investing money through local real estate developers.
Development of infrastructure has also led to growth in the real estate industry. The road is being made and there are expressways connecting one city to another so commuting is not a problem. Even if the apartment complex where you are staying is far there is excellent connecting expressway so you don’t feel that you are staying very far away.
There is huge growth of population and of population is increasing it is natural that there will be more need of housing apartment. It has been surveyed that there is almost a need of almost 90 million flats, apartment or houses in India.
It has been Indian governments’ policy to provide house to the entire population. Though it has tried, but has not been very successful in providing this facility. So this boom should match the needs of lower sections of society to fulfill everyone’s dream of own house.