The city of New Delhi is the national capital and it is known to be one of the most important hubs of property in the country. The city has always been at the centre of attention of property owners as well as builders. For a long time the demand for houses in the city has been exceedingly high. However it is only now that the property business has re-emerged as a prominent and profitable business in the city. It is interesting considering the city has been responsible for the existence of Gurgaon as well as Noida. Yet the demand for property in Delhi has never diminished. It has only increased over the years. The prices of units in the city are among the highest in the country and these prices have made it impossible for large scale investment in the city as well. Therefore the re-emergence of the property business in the city comes only with the improved condition of the real estate business in the city.
What has made property investment in Delhi a lucrative option now?
The real estate business in the country has suffered over the years because of the global crisis that had hit the US markets earlier. There is considerable investment done in the city and in the peripheral areas. However most of this investment came to a stall because of the high interest rates. These interest rates prevented property seekers from opting for home loans. Therefore the property market of Delhi also suffered from the lack of sales. There were projects under development in the peripheral areas of the city where the government had planned infrastructure development. The builders who had invested in these projects were of the opinion that they would make immense profits once the infrastructure development (roads, electricity) would take place. However, that did not happen and these builders were amongst those who had to abandon the project. Such was the impact of the economic slowdown. Most of the property in the city remains amongst the most pricey properties in the country.
But the situation started to improve in the year 2014. There were signs that the economic conditions would soon improve. The market conditions were positive and it seemed that the property business would soon follow the suit. It happened in the year 2015 when the RBI finally announced a reduction in the lending rates. This led to a decrease in the interest rates of home loans and therefore the buyers now are interested in investing in houses and flats for sale in Delhi.
How to search for the best properties in Delhi?
If you are looking for the best properties in Delhi, then property portal housing.com can help you find the best one with great ease. Over time, the portal has improved its features and services and allows property seekers to find the best house sin the city quickly and effectively. The level of details that the portal offers allows end users to find houses with great ease. The map based search and the property details have allowed end users to easily buy property in Delhi after online assessment.
Property portal housing.com has always used technology and data analysis for the assessment of property related services and hence it is a useful tool.