Delhi properties: Great homes, good ROI
If you want stable growth in realty and good Return On Investment (ROI), then you should consider buying property in Delhi.
The country’s national capital, Delhi, is a curious mix of history and modernity. On the one hand, it wears its formidable history with pride. On the other, it is a truly global city with every modern amenity and infrastructure that citizens need for a comfortable life.
Several people would like to set up home in a posh Delhi neighbourhood, amidst green surroundings and spacious houses. Let’s take a look at whether buying a home in Delhi is a good idea.
Delhi realty: A look ahead
Over the years, Delhi has shown remarkable growth in real estate. A well-planned city layout, with spacious homes and futuristic amenities, have made the city a magnet for realty growth. Successive Governments have also devised ways to improve the city’s administration, infrastructure and social life. With the national capital opening up several avenues for employment and the housing sector developing comprehensively, scores of people have moved to the city to make it their home. Meanwhile, rental housing is also in high demand, catering to the large numbers of expats and migrants living here for work. Areas of high rental housing growth include New Friends Colony, Anand Niketan and Jor Bagh, among others.
Certain areas in Delhi, primarily Pitampura, Hauz Khas Enclave, Karol Bagh, Pandav Nagar and Rohini Nagar, have been registering high property prices and a more diversified realty market over the years. Delhi has also registered a healthy increase in commercial office and market space over the years.
So whether you intend to buy property to live in or you wish to lease it out, you are bound to get good returns on your investment over time. It pays to invest in the upcoming residential localities, since these show the highest potential for steady growth. Meanwhile, established housing destinations like Lajpat Nagar are also good choices, since properties here are always in high demand for both sale and rent.
Should you buy a home in Delhi?
The simple answer is: Yes. There are umpteen options to choose from, and prominent housing companies in the city offer excellent home loans in Delhi. If you are new to the city, you can partner with leading banks like SBI, or housing finance companies like Punjab National Bank Housing Finance Limited (PNBHFL) to get a good home loan in Delhi.
Start by studying the per square foot rate being offered in the locality of your choice. When you select a housing finance company, study the rate of interest being charged, the application process, turnaround time for processing the application, and the depth of services being offered. We recommend tying up with PNBHFL for a wide range of home loans in Delhi and NCR.
We hope you find the best home in Delhi. When you get a good home loan as well, your dream of buying a Delhi property can come true very soon!
