Why Everyone\’s Investing in Delhi Real Estate Right Now (And You Should Too)
When it comes to real estate investing, Delhi is currently the talk of the town. With a booming economy, favourable government policies, and a rise in demand for both commercial and residential properties, the capital city of India is now a hot spot for investors worldwide. But, why is everyone investing in Delhi real estate right now, and why should you consider doing the same? Let\’s delve into this fascinating subject.
Delhi\’s Booming Economy
Delhi, being the national capital of India, is the epicentre of the country\’s economic activities. The city boasts an impressive GDP growth rate, which is much higher than the national average. This economic prosperity has fuelled the real estate market in Delhi, attracting investors from all corners of the globe.
As per the Economic Survey of Delhi (2020-2021), the city registered a Gross State Domestic Product (GSDP) growth rate of 8.1%, which is nearly double the national average.
Government Policies Favouring Real Estate Investment
The government of India, with a vision to boost the real estate sector, has introduced several investor-friendly policies. These initiatives have significantly improved the investment climate, making Delhi an ideal destination for real estate investors.
Real Estate (Regulation and Development) Act, 2016
The Real Estate (Regulation and Development) Act, 2016 (RERA) has been a game-changer for the real estate sector in India. This act, which aims to enhance transparency, accountability, and efficiency in the sector, has boosted investor confidence significantly.
Foreign Direct Investment (FDI) Policy
The government\’s liberal Foreign Direct Investment (FDI) policy has opened new avenues for overseas investors. The policy allows 100% FDI under the automatic route in the real estate sector, which has resulted in a surge in foreign investments.
Rising Demand for Residential and Commercial Properties
With a burgeoning middle class and an increasing number of multinational companies setting up their operations in the city, there is a high demand for both residential and commercial properties in Delhi. These trends have led to a rise in property prices, thus promising high returns for investors.
Residential Properties
Delhi\’s population is growing at a rapid pace, resulting in a rise in demand for housing. The demand for luxury housing, in particular, is on the rise, fuelled by the city\’s growing affluent class.
Commercial Properties
Delhi, being a commercial hub, has always been a preferred destination for businesses. With the growth of sectors like IT, retail, and e-commerce, the demand for commercial properties, including offices and retail spaces, is soaring.
Investing in Delhi Real Estate: A Step-by-Step Guide
If you\’re planning to invest in Delhi\’s real estate, here is a step-by-step guide to help you navigate the process:
Conclusion
Investing in Delhi\’s real estate is a promising venture, given the city\’s booming economy, favourable government policies, and rising demand for properties. So, join the bandwagon and make your investment today!
References
Remember, real estate investment requires meticulous planning and a thorough understanding of the market. So, take your time, do your homework, and make an informed decision. Happy investing!
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