Residential real estate Value in Delhi Real Estate

From several years the value of the residential real estate in Delhi has been increasing rapidly and in the main residential areas the real estate value has been rising at a rate of 20% to 30% annually. The main residential locations in Delhi is IMT Manesar, Sushant Lok, Sushant Lok I, Manesar, DLF Phase IV, Sector 52, DLF Phase V, Nirvana Country, Sector 30, Andee City, DLF Phase I, Udyog Vihar I, DLF Phase II, Golf Course Road, National Highway 8, M.G.Road and sohana Road, etc. Residential and commercial properties of various varieties are available in these locations. The different properties such as Apartments, flats, villas, shops, condominiums, commercial spaces, farm houses, etc. can be easily located in the region.

An evaluation conducted in Delhi by real estate industry professionals given a report of the average value of the residential properties at mid-2009. In this report the real estate average cost per square feet has revealed. According to this report the average cost of the apartment is around RS. 4,250/- per sq ft and for the houses the average value will be around RS. 6,700/- per sq ft. the average cost for the plots will be around RS. 4,600/- per sq ft. When coming to the total unit of the properties, apartment will available at the average cost of RS. 90 lakh and the individual house unit will come around 1.5 crore. The approximate value of the flat will around 1.6 crore and the estimation will give the clear idea of the increasing prices of Delhi real estate.

The residential delhi real estate will differ based on the size of the real estate and the locality of the real estate. The prices will be varying for 1BHK, 2BHK, 3BHK apartments and individual houses. In Delhi the average value of the 1BHK apartment will be approximately available at RS. 3,700/- per sq ft and the unit will cost around RS.27 lakh. When coming to 2BHK apartment the average cost will be RS. 4000/- per sq ft and the total unit cost will be around RS.45 lakh. Likely coming to 3BHK apartment the approximate value will be RS. 4100/- per sq ft and the apartment will cost around RS.74 lakh.

According to the analysis the cost of the independent houses with 1BHK, 2BHK, 3BHK will be different form apartments and flats. Coming to the approximate value of the individual 1BHK house the cost will be around RS. 5100/- per sq ft and the house will come around Rs.65 lakh. 2BHK house will cost around RS. 5500/- per sq ft and the unit will cost around RS.85 lakh. 3BHK house will cost around RS. 6100/- per sq ft and the house will cost around RS.95 lakh.

Apartments in Delhi

Capital of India – Delhi always remains on high demand list of most developed cities and preferable places to visit. Since this city is also known as business sector and lots of foreign visitors and people from different cities come here for various reasons. Visitors search for places to reside therein and they look for accommodation or hotel which is having all essential facilities with affordable budget. Delhi is having lots of hotels-five stars, three stars, two stars or some luxurious hotels. Since the cost of these hotels is very high people prefer to hire a rental apartment or serviced apartment suitable to their budget.

Most of the serviced apartments are situated near to Airport, Railway stations and near the famous & renowned places. And these rental accommodation or serviced apartments are easily accessible by the tourists. Rooms are available with various facilities in different packages. Amenities like foods, pick & drop facility, dry-clean etc. are provided along with other things on demand. Rental space or serviced apartment is hired for different reason may be for business purpose or for residential and can be hired for single day or more. Facilities are provided according to the need. Per Day cost starts from Rs. 500 and so on. Cost is completely based on the location and inside facilities.

At present to provide serviced apartments has become profitable business and there are so many competitors available in market with different cost and upgraded facilities. You can find the chain of serviced apartments or rental accommodation near airports, railway stations or some famous places like Nehru Place, South Extension, Vasant Vihar, R.K. Ashram Marg, Karol Bagh etc. rental spaces are available as 1 BR, 2 BR or so on and providing first class services to the visitors. Thus it is completely choice of visitor to select the accommodation as per his need and convenience.