Delhi is the hottest property
destination of all times in India as the national capital boasts of some world
class structures today. Real estate in Delhi has been
attracting lots of attention from developers and investors across the country
for promising great returns in future. It is such an interesting city full of
life and diversity that many of its subjects are popular abroad as well. A
great tourist destination, Delhi is flooded with some of the most expensive
structures in the country. And realy in South Delhi is what signifies opulence
and luxury at its best.
South Delhi, synonymous with
sophistication and splendor is the hottest place in the city to live and
hangout in. It houses foreign embassies, historical monuments, well known
shopping centers and some of the most prestigious educational institutes.
Laying out excellent infrastructural facilities, realty in South Delhi is the
most sought after in the entire city. The skyrocketing prices of property
in this high class area make it the most coveted one. But, it is out of reach
for middle class and caters only to the rich and mighty buyers. Besides buying
homes or flats in South Delhi, renting here is also a pocket burning affair
with rentals spiraling up every quarter. Some of the suburbs in the area are
Hauz Khaz, Lajpat Nagar, Vasant Vihar, Greater Kailash, C R Park, Saket, South
Extension, Defence Colony, Friends Colony and Green Park among others.
South Delhi has some of the best
colleges of the country like IIT (Indian Institute of Technology); Jawahar Lal
Nehru University (JNU); DU (Delhi University) South Campus; National Institute
of Fashion Technology (NIFT) and various others. Therefore, hordes of students
migrate to the city to attain quality higher education and look for rented
accommodation in the city. As a result, rented housing in South Delhi has huge
demand so much so that a shortage of supply can be seen. Besides students, the
professionals working in and around Delhi also rent houses in the area since
this place is the most desired residential area in Delhi. The advanced
structures, posh localities, swanky malls and historic marvels along with good
infrastructure make it enticing for those searching housing in Delhi. Since only
a particular class of working professionals can afford such expensive
accommodation, it is considered to be an affluent locality.
With the growing need and the
subsequently widening gap, the rentals in South Delhi are soaring higher. Apart
from being the fancy of locals, it attracts foreigners on both leisure and
business purposes to its beautiful settings. A tourist center, South Delhi has
various historical sites like Qutub Minar and Tughlaqabad; famous temples like
Lotus Temple and Chattarpur Mandir; alluring gardens like Lodhi Garden coupled
with exotic restaurants and bars. It is a shopper’s paradise with markets like
Sarojini Nagar and Lajpat Nagar offering stylish apparels and other items at
reasonable prices. It also has impressive malls like DLF Saket, DLF Emporio,
Select Citywalk, etc. home to world’s leading retail brands. With such
international appeal on one hand, it offers a traditional touch through ‘Dilli
Haat’ exhibiting ornaments, handicrafts and food. What else can one ask for and
this is why people don’t mind paying a few extra bucks to live in such world
class environment. Property in South Delhi is
booming like in all other parts of the city and even the country on a larger
scale. The capital values and rentals in South Delhi are fuelling up owing to
the increasing demand for property. It assures huge returns which makes it a
favorite with big realty investors across the country as well.
