Best Residential Areas in Delhi

Delhi, the national capital, is turning into a real estate hotspot destination for both residents and Non-Residential Indians (NRIs) put together. The city has been experiencing magnificent growth with regards to real estate for both residential and commercial properties. With the Government’s plan to relax the foreign direct investment policy and powerful economic growth in recent times, the real estate in Delhi is reaching great heights. Because of its booming real estate market, neighbouring localities like Raj Nagar Extension, Bhiwadi, Kundli, and Meerut have also been experiencing tremendous growth in recent times.

Delhi has many world-class facilities like the metro rail network, excellent educational institutions and central government offices, etc.; all of which attract many realtors and investors. Being the power hub of India and having many property hotspots in its prime locations enhances the sale of residential property in Delhi. Owing to the real estate appreciation, many property locations have also started experiencing major property developments. Residential flats have always been the favourite of property developers, owing to many upcoming infrastructural developments in the past few years. A few of the top developing locations include Noida, Gurgaon, Greater Noida, Dwaraka Expressway, Sohna Road, Faridabad and Ghaziabad.

Dwarka Expressway, an eight lane expressway connecting Gurgaon and Dwarka, is one of the top localities in the real estate market of Delhi. There are many new residential projects catering to middle and higher class segments in this locality. It is ideally situated, in close proximity to the capital city and the International airport, which are added advantages to this locality as compared to other upcoming areas. Affordability also plays a major role in the increase of  property for sale in delhi.

Greater Noida is one of the upcoming educational and industrial hubs of the city. It has very good connectivity, with the six lane national highway connecting Greater Noida with Noida. It also has many IT/ITES companies in its surroundings, all of which act as a major attraction for high-end investors to invest in this locality.

Noida Expressway is easily accessible from GT Road or the DND Flyway of Delhi city. A major attraction for investors to this locality is its good infrastructure and affordable residential properties. With more and more IT/ITES companies coming up in this locality, there seems to be an increase in the demands for residential flats and apartments.

Noida Extension is situated about 18 kms from Connaught Place, which is the most important business location of Delhi city. Apart from this, the upcoming metro rail link also helps in boosting the connectivity linking Noida and the capital city. Owing to all these factors, this locality is considered as the most attractive property destination for many.

Apart from the hotspot destinations mentioned above, there are also many prominent residential areas in the city which are also experiencing major development in recent times. Some of them include Laxmibai Nagar, Naraina, Golf Link, New Friends Colony, Friends Colony, Chanakyapuri, Gulmohar, Maharani Bagh, Lodhi Colony, Anand Niketan, Shanthi Niketan, DLF City, Defense Colony, Mayapuri and Geetanjali Enclave. The Delhi real estate market has been witnessing an upward trend in the past few years, along with the huge growth of Tier 2 cities like Faridabad, Gurgaon and Noida.

With the promise of higher rate of returns in the real estate market, many areas which are linked to the capital city have also benefited from the real estate appreciation when compared to many metro cities. Many investors, like NRIs and also residents of India, consider this to be a safe bet for buying property and making their investments in this city and its surroundings owing to its attractive compensations and returns. The prices of residential properties for few important locations in Delhi are as the following:

1.       Defense Colony – Rs. 29576 to Rs. 31556 per square foot

2.       Anand Niketan – Rs. 28940 to Rs. 31621 per square foot

3.       Dwarka – Rs. 9316 to Rs. 9811 per square foot

4.       Alaknanda – Rs. 13767 to Rs. 19917 per square foot

5.      Dwarka sector 11 – Rs. 10005 to Rs. 12492 per square foot

6.   Dwarka sector 13 – Rs. 9570 to Rs. 10177 per square foot