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Delhi being the capital city of India is one of the hottest real estate destinations. People from all over the world and India have shifted to the city in search of employment opportunities. The real estate market in India has witnessed some turmoil in the last year, with the prices declining. After seeing a correction of almost 10 per cent in most areas Delhi has become very attractive for investment in residential property in India.
According to a survey report of 2017, Delhi, Gurugram, Noida and Greater Noida saw the maximum influx of migrants between 2011 and 2017. However, the supply of houses in Delhi has been very low for the past 2 years. Due to this demand-supply mismatch, the prices of the houses in Delhi have skyrocketed. Consequently, the areas which offer affordable and mid-segment houses have been performing comparatively much better than the expensive ones. Even the real estate companies take a benefit of this opportunity and are developing the outskirts more.
Here is the list of most developing housing hotspots around Delhi.
Strategically located between Dwarka, Gurugram and the IGI Airport, the L-Zone is the most preferred housing hotspot of 2018. Proposed to be a Smart City, the L-Zone features all the modern facilities such as solar power stations, camera surveillance and rainwater harvesting. Looking at the pollution soaring in Delhi, the said facilities are the need of the day. The houses available on the top real estate sites in India in the L-Zone range from Rs 40-80 lakhs.
Uttamnagar is located in West Delhi and has seen a massive growth in the last few years. The monthly rentals of the homes in Uttamnagar being as low as Rs. 5000 for 1BHK is luring more and more people towards this place. So much that people having old properties in Uttamnagar have started redeveloping their property with more floors to hack this opportunity of increased demand.
Located in the north-west Delhi, Rohini is home to two Metro Stations. It has excellent connectivity to major areas of Delhi via Metro. Besides, it's in the close proximity to Bawana Industrial Area. The property sites in India show a price range of 7300-12500/sq.ft. this is much cheaper than the various other localities in the vicinity.
Sector 65 is located on the Golf course Extension Road and is in the proximity to key office hubs. Located near HUDA metro station, Sector 65 saw a launch of 1600 homes since January 2017 and is priced between 6900-10000/sq.ft.
Sector 68 is the preferred location for both offices as well as the housing development. The area has a good connectivity via the Golf Course Extension road. The average rate of homes in this area is 4090/sq.ft.
With the competitive prices and modern amenities, we can see future of Gurugram’s realty heading towards the North.
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