We all know that Delhi enjoys a political status and is the second largest metropolis after Mumbai and has charmed foreign as well as Indian tourists for decades with its historic monuments like India Gate, Humayun’s Tomb, Qutab Minar, Red Fort, Purana Quila, Rashtrapati Bhavan, Teen Murti Bhavan,etc.
Delhi has clearly emerged as one of the fastest growing economies in India, and has grown at a CAGR of 6-7% and the physical infrastructure in Delhi is counted among the best in the country. For the past decade or so Delhi has been the numero uno hub for all foreign direct investment. A multitude of multinational companies have placed their headquarters in Delhi and NCR, which accounts for the real estate success of the state. There is no doubt that industry connoisseurs believe; making investments in Delhi real estate can yield marvelous returns, as what looks to be the scenario of the business here, which is currently driven by investors than by end users.
A lot of NRI investments are seen coming to the Capital city and a major portion of industry watchers feel that Delhi and its suburban neighborhood will consolidate their recent profits in real estate prices and then shoot up further. Delhi holds third position in the list of investors’ most chosen Indian destinations. Driven by a positive growth, the real estate in Delhi is zooming in wake of upcoming real estate activities in different parts of the state. Master Plan Delhi 2021 opens up new avenues for investing in Delhi.
People let me know how real is this real estate boom?
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