Delhi, being the heart throb and the national capital of the country has turned out to be the lodestar for realtors involved in real estates business. While real estate is a flourishing business as far as residential properties in Delhi are concerned, yet there are other metropolitan cities across the country that has a plethora of thriving realtors.

Delhi – The Heart Throb

Delhi, being the heart throb and the
national capital of the country has turned out to be the lodestar for
realtors involved in real estates business. While real estate is a
flourishing business as far as residential properties in Delhi are
concerned, yet there are other metropolitan cities across the country
that has a plethora of thriving realtors. Delhi has always been one of
the hot spots for a sound investment in property. Ever since the
partition of India and Pakistan in 1947, Delhi has become one of the
most favorite cities for a large number of investors in property, which
is replete with skyscrapers emerging in all parts of this metropolitan
city. With the boom in real estate, the prices of residential properties
have become not only astronomical, but extremely prohibitive.

Population Explosion in Delhi

There
was a time when the population of the city was sparse and property was
easily available at affordable rates. People who had settled down in
Delhi considered themselves to be fortunate and owning property in Delhi
was a status symbol. However, with the burgeoning populace coupled with
the migrating people from all parts of the country, the city appears to
be bursting its seams. This has resulted in a dearth of property in the
city and keeping in mind the enormous crowds making Delhi their home,
several housing Projects in Delhi NCR were started to provide a breather to the already exploding city.

Expansion of Real Estate in Satellite Towns

The
real estate business expanded its horizons to the satellite towns
around Delhi where the local people from Delhi started their move
towards investment in Gurgaon property. The Gurgaon properties real
estate investors have started several construction projects that
included Gurgaon property builders developers. Residential properties in
Gurgaon also include studio apartments Gurgaon beside residential
property Gurgaon.

In a similar vein, there began an exodus of
commercial organizations towards the satellite cities of Gurgaon,
Faridabad and NOIDA as well as Greater NOIDA, which witnessed a
widespread development of Commercial Property Gr. Noida.
These satellite towns developed considerably since the people working
in these towns wanted to reside close to their places of work thus
saving the travel time. With the development of the satellite towns,
there has been a phenomenal increase in the prices of property both in
Gurgaon, NOIDA and Faridabad which have even surpassed the property
rates in the city of Delhi.

Source: Free Articles from ArticlesFactory.com

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For more information about the Residential Properties in Delhi visit on imperiastructures.com

You can also know about Properties in Gurgaon visit dialgurgaon.com.