Luxury housing segment is the driving factor of Mumbai Real Estate. The growth of Real Estate in Mumbai leans on to luxurious Mumbai property.
(prHWY.com) March 11, 2013 - Noida 19, India -- There are many reports which glorify the nature of Real Estate in Delhi and the other NCR regions. According to the opinion of many industrial experts, there are many hot destinations in the NCR. Some of them are Gurgaon, Noida and Noida Extension. Along with these other cities like Faridabad, Dwarka Expressway Corridor, Ghaziabad, etc. also grows very fast. The city has become a good investment destination.
Seeing this growing importance of the city, there are many who are keen to Buy Property in Delhi; both as an investment or with a plan to live on. There are many who consider the city as one of the best locations to live. How can they ignore living in the capital which is considered as a matter of pride? Some of the people consider it as a matter of pride to live in the city, while others are interested due to the higher convenience and comfort of the city.
In both the ways, Residential Properties in Delhi are hotly sought after. There are many who look for affordable housing units in the city. However there aren't many such housing units in the city. Despite all the efforts taken by DDA, still the government is not able to assure housing units to the middle and lower income group. They will be more preferring to give housing options to them in the nearby suburbs.
This plan of the Development Authority fosters the growth of surrounding suburbs. Already many suburbs have been developed so far. There are many who find it easier and more comfortable to live in the suburbs than other locations. However all these show how the Real Estate in Delhi has become one of the hottest destinations in the entire country. It would be wrong to assess the city as only suitable for finding suitable homes.
The city is commercial oriented too. Those who seek commercial properties in the city, realize how difficult and costlier these properties are due to its higher rental appreciation. The commercial properties are noted for its higher and increasing rental appreciations. There are many who invest in the commercial properties. One thing is sure that there are many who wish to Buy Property in Delhi. Yet there aren't many to afford buying a property in the city.
Most of the
Residential Properties in Delhi are not affordable to the millions of common people. The property prices have shot up very highly, making it one of the affordable only to the HNIs. The luxury housing segment is flourishing in the city and not affordable housing segment. We can say that the affordable housing segment is more affected by the sky reaching property prices. Providing hopes to the middle class people, the government has decided to boost affordable housing segment.
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