Real estate investment is always a sound option of investing one’s wealth and there can hardly be a better place than Delhi where one can invest in commercial land, flats, and kothis. In recent times, more and more people are investing in real estate property in Delhi as the capital city has become a symbol of high-class urbane living backed by impressive rank of five in the Human Development Index among all Indian cities and Union Territories.
Let’s break down the top reasons for investing in the real estate property in Delhi
- High standards of living- With the influx of many premier multinational as well as Forbes listed companies; the standard of life is on the high in Delhi. As a result, now is the best time to invest in the real estate properties in Delhi. As there is also a rise in employment opportunity, one is better of investing now with some wisdom and few rounds of consultation with the real estate consultants in Delhi.
- Rapid urbanization and population growth: Delhi’s growth story in the past decade has been extraordinary and as a result there is a constant influx of people from neighboring states and rural areas. Hence, to leverage on the ever-increasing demand for housing or commercial spaces, an investment in the real estate property in Delhi can be a safe and consistent investment. Moreover, with this increase of population, there will be a high need of residential property. Hence, to ensure a stable market for investors, now is the time to invest.
- Strategic location and connectivity: Delhi is not confined to its territories but has also surpassed to the neighbouring cities like Gurugram, Noida and Faridabad due to the well-developed infrastructure, including an extensive network of roads, metro rail, and airports. For such enhanced connectivity, the value of real estate properties in Delhi can quadruple in no time.
- Steady appreciation in property values: As mentioned earlier, the value of real estate properties in Delhi has given substantial appreciation in property values. Some of the factors to have prompted this handsome property value and return are the increasing construction costs, and growing demand contribute to this appreciation. Therefore, once an investment is made in the domain of real estate property in Delhi, it becomes an enviable asset that gives handsome returns going forward in the future.
- Diverse investment options: Delhi’s real estate market landscape is so diverse that one can choose to invest in the real estate property in Delhi based on their budgetary requirements and preferences. Starting from the plush apartments at the most upscale neighbourhoods to affordable housing projects available for immediate possession which also offer excellent connectivity with the IT and employment parks, the investors have diverse choices to suit their investment goals.
- Stable Rental Income: The real estate sector is perhaps the only sector which provides as stable sources of income through rental yields whilst growing in valuation over a period of time. Delhi continues to witness an influx of migrant skilled workers who come for better job opportunities and might also look for an accommodation on a permanent basis. Thus, an investment in the affordable housing sector like flats at the gated communities can prove to be a consistent rental income streams.
Conclusion
To sign off, the potential to yield rich dividends of the real estate property in Delhi is immense and one needs to get their act right for a worthy investment. Jain Oncor, one of the most reliable real estate consultants can be your guiding light in this regard. Get in touch with us to explore your real estate investment option.