A beautiful amalgamation of the rich heritage and modern developed civilization, Delhi is one of the fastest developing property hotspots in India. Besides carrying the rich historical values, the capital of India is also surrounded by equally important financial and industrial activist regions.
The whole capital has been categorized into different areas among which South Delhi is known to be the posh localities which envelop Vasant Kunj, Greater Kailash, Safdarjung, Lajpat Nagar and Mehrauli areas in it.
The systematic infrastructural development and availability of all civil and social amenities have made this area the best area of Delhi and the house of many rich and famous personalities. And this has made the price of both residential and commercial properties higher as compared to other regions of Delhi.
As per the positive influence of the decrease in the tax applied for home loans, the home buying decisions are increasing. And the mid-segment and affordable housing project will be highly benefited by the reform.
Even, the buyer is showing confidence in the governmental reforms towards making a home available and affordable for all. And due to the helpful loan policies of the new government, the property market of South Delhi is rapidly shifting from rental residents to EMI paying houses.
As per many surveys, it has been concluded that about 82% of the total property in South Ex of Delhi is being purchased by the end users and the rest of the deals take place for the purpose of investments. Also, here the demand for residential property is much higher than the commercial one (estimated 75:25).
Conclusion
The survey also forecasts that the year 2015 can expect the growth of 16% increase in residential property demand among which 45% of buyers will be buying their second home. The demand for the individual homes is also predicted to increase by 8% itself.
