The city of Delhi is the capital city of the country of India. Delhi’s adjoining areas are known as the NCR, i.e. the National Capital Region. This city offers a mixture of rich Indian history and also modern contemporary society. The city is in close proximity to many other major cities and is home to many important people in the country. This city is home to 29.5 million people and according to the United Nations, this city is the second-largest urban area in the world. The city is surrounded by Haryana on the south, north, and west and on the east by Uttar Pradesh. Places like Ghaziabad, Faridabad, Gurgaon, and Noida are considered to be a part of Delhi. It is also the second wealthiest city in India and boasts of the second-highest GDP per capita in India.
The political administration of the country is located here. The President of India resides in the Rashtrapati Bhavan which is located in Delhi and so does the Prime Minister of India. This city is home to several affluent people. The population of this city is ever-increasing also because of the opportunities it provides to the students and also the job opportunities. There are several MNCs that are headquartered in this city. People rent a house in Delhi or at times invest in 1 bhk flat in Delhi no matter in which area it is initially just to fulfill their dreams as a student or a job seeker and then to live like a proper ‘Delhiite’.
The city can proudly boast of famous colleges like Lady Shri Ram College for Women, St, Stephen’s College, Delhi School of Economics which is considered as the be the best colleges in the country and people from all over India as well as abroad come to study here. Universities like Jawaharlal Nehru University, JamiaMiliaIslamia University, University of Delhi. The city offers in abundance the history culture of India as well as the emerging pop culture and entertainment too and today’s residents can enjoy both the contemporary as well as the past culture extravagance in this particular city.
Present Day and Real Estate of Delhi
Delhi today is extremely populated for several reasons. Today you can find people from all walks of life living in Delhi and small and big enterprises are constantly emerging and people are looking out for jobs tend to settle in this city. Apart from being one of the important hubs for education and job aspirants, the city offers good culture and lifestyle which many people aspire to have. Apart from the rich history, today Delhi boasts of the large malls selling foreign brands to the Indian customers. The restaurants, pubs, and entertainment facilities are great and so is transportation. The city has several posh houses as many affluent and rich people live in this city to tiny apartments also were people with dreams to make it big reside.
The real estate prices are increasing day by day. The real estate prices are increasing day by day. The best areas to live in Delhi are Saket, Greater Kailash, Vasant Kunj, Lajpat Nagar, Gurgaon. One can find their dream homes in this area though the price will be on the steeper side. Still one can manage a 1 bhk flat in Delhi in one of these areas. If one cannot own the place rents are available. One can rent a house in Delhi and live in the posh areas or other upcoming areas for living as several real estate developers are developing homes for the ever-growing population of this city.
For a long period of time, the real estate has suffered losses in Delhi especially in the year 2018. But in 2019 it was noted that NRI and other Indian residents have again started investing in this city. It has been reported that many real estate developers have launched properties in different parts of the city and it 70 percent more than its usual launch percent. The people have also started investing in homes in areas like Greater Noida.
Expensive localities in Delhi
There are many posh areas in this city and you can take a thorough look at the expensive localities or other not so expensive localities in detail in housing.com and can get an idea about the prices of different localities.
JorBagh area is considered to be one of the tops most expensive locations and several NRI s are now investing in this area. This area is well developed and transportation is system is well linked to other parts of the city as there is a metro rail stop in this area. The area is close to the Safdarjung tomb and the resale value for flats and houses in this area has been noted to be around Rs 50,000 per square feet.
Shanti Niketan is another highly recommended area for people who can shell out a good amount of money. This area offers well-modernized homes meeting all the needs of a modern resident and the price noted to be per square feet is around Rs 40,000.
Gulmohar Park is another area which sits in top most localities among the people who are in search of posh apartments or bungalows in South Delhi. The area is considered to be home to many affluent people in the city and the price for a 3 bhk apartment in this particular area can be around Rs 5 crore.
One of the most popular areas in the city is HauzKhas. It is known for its wide range of pubs and restaurants. This area is considered to be one of the most happening areas of the city and there many young people who are investing for apartments and condos in this area. This area is in close proximity to many important places and has lush green neighbourhood which many people like in this city which is considered to be the post polluted city.