Housing in Delhi

A recent survey done on the housing structure of Delhi indicates that there still remains a demand for the independent residences than the multistoried flats and apartments. A survey that has been recently conducted reflected that almost 73.60 per cent of people in Delhi reside in their individual residences where as 14.81 per cent reside in their flats and rented apartments.

 

The sprawling and elaborate bungalows that was the trademark of Delhi, still continues to exist but mostly in Lutyens’ Delhi, although in some places of the city the bungalows have now been replaced by the smaller and minimal living houses. Approximately, 52.84% of families live in homes that occupy less than 450 square feet. Almost a total percentage of 62.05 people in Delhi own the places that they reside in and about 35.16 per cent reside in rented apartments, flats and other forms of dwelling. At present, attempts and initiatives are being taken by the real estate developers to enhance the options of housing in Delhi, by investing and setting up by new residential projects.

 

 

The real estate cost structure in Delhi has undergone radical changes and touched new levels. At present they are at the peak in the real estate market of the city. The realty market in Delhi had experienced revolutionary alterations in the recent years. Being nominated as the proposed destination of the Commonwealth games in 2010, the city has undergone infrastructure developments that transformed Delhi a level above the capital city to the global city of India.

 

The most profound development that has taken place in the city in terms of infrastructure is the Metro Rail. This resulted in the rapid increase of the real estate holdings and properties on the lines of the metro corridor. A quick review in the realty market trends would reveal that the greater realty rates have taken place in the plots that possesses intra and inter city network facilities.

 

 

Delhi is known as the as the hub of all the political, cultural, commercial and other allied activities. The city over the years has preserved it old-world ambiance and feel, in spite of being of the most competitive cities the modern era and its achievements.

 

The real estate gamut in Delhi is active than ever before with new developments and renovations that are being carried on by the realtors and the builders. The city proudly boasts of its superior quality residential and commercial plots. Whether you are looking for an apartment, builder floors, open retail or residential place, independent residents, the city has it all for you to choose from.

 

Delhi as a city, both economically as well as socially continues to grow at all levels. In the initial stages of its growth the city center and the other areas in vicinity experienced the development. At present, the suburban areas too are witnessing radical changes and growth.

 

Areas like Faridabad, Noida, Ghaziabad, and Gurgaon have now emerged as huge cities. The real estate market trends and the best buys in residential and commercial land holdings can be explained by the tabular chart below:-

 

 

 

 

 

The realtors and property builders in Delhi have been consistently engaging themselves in setting up new projects for residential and commercial purposes. Some of the eminent builders and realtors of the city can be listed as follows:-

 

 

 

DLF Limited is the country’s leading name in real estate in terms of its constructional activities, revenues, market capitalization and the like. Over the years of its existence for sixty two years the organization has recorded a consistent growth, innovation and greater consumer satisfaction. The brand name has within its umbrella about 238 mfs completed projects and 423 mfs planned projects. DLF Limited also has a PAN India presence in 30 cities. It main objective is to provide better quality of residential and commercial projects all over India.

 

 

DLF off late has initiated a residential project at Shivaji Marg Delhi. The structure comprises of 18 floors, over 500 flats. They are available mostly in 2 -3 BHK apartments, varying in dimension from 1200 to 1525 square feet. The complex also has facilities of three level basement parking. Other amenities like clubhouse, gymnasium, landscape area and the like are also present. A booking amount of approximately Rs.5, 00,000 needs to shelled out initially, and then proceed on to further formalities.

 

This is yet another residential complex that DLF has launched in Moti Nagar, Delhi. The property happens to be a gated community with stringent security facilities. Other amenities that are provided are swimming pool, clubs, gym, shopping complex and the like. Effective connectivity links the area to the academic, medical, commercial and recreational outlets nearby. The structure comprises of 26-28 floors. The bookings are fixed at an initial amount of Rs, 7, 50,000 to 10, 00,000 presently.

 

 

Raheja Developers Ltd was set up in the year 1980 by Mr.Navin Raheja. At the present moment the company cherishes its strong prominence. The company aims at qualitative growth and expansion, by consistently investing in a huge variety of residential and commercial projects. These include a wide variety of premium and residential condominiums, integrated modern townships, Commercial Complexes and Special Economic Zones that aim to enhance the pattern of housing in Delhi.

 

 

Vedanta is a prestigious project by the Raheja Group, located in Sec 108, Gurgaon Delhi. The residency is situated at a distance of 9 km from the Airport. The apartments or the flats that are available are mostly a mixture of 2-3 BHK condominiums. They are in turn available in spacious elaborate settings. The residency is constructed using imported flooring materials and patterns that make the living lavish yet affordable for the residents in Delhi.

 

Navodaya is yet another flourishing residency under Raheja Group that speaks volumes of elite, urban living conditions. It is located in Gurgaon, Sector -92/95 adjacent to IMT Manesar. The residency stretches over 17 acres of land.

Navodaya, is a good housing option for individuals who willing to settle or relocate to Delhi, for a comfortable up class living. The amenities that the residency provides to its potential buyers are :-

 

Eros Group is one of the most eminent real estate groups in India, located in Delhi. Over the years Eros group is known for its quality endeavor in high class residential and commercial projects. With a net property worth of Rs.13000, the company was set up in 1940. Since then, the group has been working towards attaining greater success in the field of real estate. It has also constructed the famous Eros Cinema in Delhi, an elite futuristic multiplex. At the present, it is working with several innovative projects that are in the planning stage and is worth over thousand crores. Its present residential projects include :-

 

There are other real estate developers too in Delhi that are working towards providing exquisite living options to the residents of Delhi. They all have invested themselves in catering to the high class group as well as to the middle income group.

Housing in Delhi, is now undergoing a new phase of innovation and is witnessing positive changes, thereby rendering various housing options. The housing rates too are evermore lucrative now. Along with the steep prices for HIG there are houses, flats, apartments reasonably prices for the average family person too.