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Reasons To Own A Property In New Delhi

Posted last May 8, 2018, 2:00 am in Real Estate report article

New Delhi is the capital city of India. It also boasts the sobriquet ‘the political capital of the country’. Being a metropolitan city, a sizable populace from the different directions aspires to own a property in New Delhi. Their wish to own a property in Delhi has a straight connection with their dreams to live in an organized & developed city which is bestowed with best of infrastructural developments, effective transport system, abundant opportunities for education, career & business, world-class medical facilities and numerous places for entertainment and recreation. This is not all, there are many other attractions which charm people to buy a property in Delhi but first let’s have a detailed look at the important reasons to own a property in New Delhi.

Read on and gather more knowledge that why an individual should own a property in the city of New Delhi.

Seamless Transport System
The Transport system of Delhi has a large network of DTC buses and auto-rickshaws. Moreover, service of the metro is a boon to Delhiites. Whether it is about a daily commute or occasional, locals of Delhi consider the metro as an appropriate option. The capital city has a wider network of the metro that covers 209 kilometers (excluding stations under construction). Due to metro network, it has become even convenient for the travelers to reach distant areas without hassle. So much so that a property whether residential or commercial, if it is located in the closer proximity to a metro station, its value is doubled in the market.

Well knitted metro network has definitely added significant charm to own a property in Delhi.

But there are few areas where the metro hasn’t reached. In order to gain access to such areas, people prefer commuting through the DTC buses and autos. So, there aren’t any issues in reaching in any corner of Delhi.

Abundant opportunities for education, career & business
New Delhi has been the hub of IT companies, leading industries, MNC and best institutions for education. All the leading brands of nation and international companies have their offices and branches in Delhi. A big network of SMB and SME also generates a huge scope for employment in Delhi.  Apart from that, Delhi has most whooping retail and wholesale markets which boost the scope of business.

There are numerous opportunities for gaining higher education without leaving the country, and it can be simply achieved by residing in Delhi. The leading universities like DU, IGNOU, Jamia Millia Islamia, Amity, GGSIPU etc. are located in New Delhi and every year, thousands of students including those who arrive from foreign countries, come to Delhi for their higher studies.

Apart from such universities, there are schools like Modern School, Cambridge, Springdales, Ryan International, GD Goenka, Lotus Valley etc. that are preferred by many. Such schools offer education to students in an innovative manner.

World-class Healthcare Facilities
The medical sector is not untouched anymore from the wave of development in New Delhi. In the recent years, the government of New Delhi promised to come up with different hospitals with more number of beds. By the end of its tenure, the government has assured to catch up with the deadline as soon as possible. On the other hand, there are total 47 registered private hospitals that are located in the 4 Northern, Southern, Eastern, and Western districts of New Delhi. Buying a property or having a property closer to a hospital arrives with different benefits. In the case of any emergency, one can easily reach the hospital or can seek aid without a delay.

Affordable Housing
Pradhan Mantri Aawaas Yojna (PMAY) is an innovative step taken by the Indian government. This scheme aims at providing an affordable residence to all, especially to the ones that are unable to afford a pucca roof over their head. Such schemes are launched annually so that new immigrants aren’t deprived of having a property of their own.

High Rental & Resale Values
People that own a property in New Delhi, whether residential or commercial, rent it for the seekers and spin a huge sum of money on monthly basis. In the past 4 years, the rent rates of all kinds of properties have soared up in New Delhi by 4%-6%. South Delhi is the area that is counted amid posh localities and there one can find well-furnished and lavishing properties on rent. Similarly, on the North-western side of Delhi, areas like Rohini, Rajendra Nagar, Rithala, etc. stand amid the posh localities. Giving them on rent can be a wise move to spin more money effortlessly. And in case, one has to resale the property, the Delhi property always gives high returns on investment.

New Delhi is a city that is witnessing development consistently. The real estate of Delhi plays a crucial role in luring the people for buying, renting, or selling their property in the city. The major reasons you read above advocate it completely. Therefore, owning a property in New Delhi isn’t a bad decision, but it is a lifelong investment.