Real Estate Delhi: India’s Real Estate Hotspot

Delhi Central - Thursday, November 24, 2011 8:39:41 PM

Delhi has been known to have made the most sky-high transactions where properties sell for millions of rupees. This trend though most common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka.
The corporate leasing and diplomats in the city are in a way responsible for the trend, as they opt for the high-end properties. The rental values of residential properties like the apartments and independent houses are quite high.
As Delhi has better edge over many other metros in infrastructure, availability of professional work force and connectivity. As every other company want to have their offices in the city, Commercial properties like the office spaces in particular are in much demand
Residential real estate prices, as recorded in May' 2008, in some of the prime residential areas are as:

  • Karol Bagh: A 1,000 sq ft house in Karol Bagh costs between Rs 70,00,000 and Rs 1,10,00,000
  • Rajendra Nagar: A 1,000 sq ft house in Rajendra Nagar costs between Rs 75,00,000 and Rs 1,05,00,000
  • Gole Market: A 1,000 sq ft house cost from Rs 60,00,000 to Rs 1,05,00,000 in Gole Market.
  • Chanakyapuri: A 1,000sq ft house in Chanakyapuri costs between Rs 1,75,00,000 and Rs 2,25,00,000
  • Dwarka: A 1,000 sq ft house in Dwarka costs between Rs 35,00,000 and Rs 55,00,000
  • Kamla Nagar: A 1,000 sq ft house in Kamla Nagar costs between Rs 35,00,000 and Rs 65,00,000
  • Malviya Nagar and Kalkaji: A 1,000 sq ft house costs between Rs 35,00,000 to Rs 65,00,000
  • Saket: A 1,000 sq ft house in Saket costs between Rs 90,00,000 and Rs 1,30,00,000

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