Through property boom dispersion in all directions, real estate in India is touching latest heights. Conversely, the expansion also depends on the policies adopted by the government to assist investments essentially in the economic and industrial sector. The new stand adopted by Indian government regarding foreign direct investment (FDI) policies has encouraged an increasing number of countries to invest in Indian Properties.
India has displaced US as the second-most favored destination for FDI in the world. As the investment scenario in India changes, the relaxed FDI rules implemented by India last year has invited more foreign investors and real estate in India is seemingly the most lucrative ground at present. The revised investor friendly policies allowed foreigners to own property, and dropped the minimum size for housing estates built with foreign capital. With this sudden change in investment policies, the overseas firms can now put up commercial buildings as long as the projects surpass
The boom in the real property sector of Delhi is also due to the growing interest of NRIs to purchase homes and second homes in the city. With the presence of huge chain of retail areas in Delhi this city is known as hotspot for retailers. Delhi has been a usually an important metropolis in retail activity in the country. Delhi is an ideal market for high-end retailers and this explains the existence of all the best brands in the city. Almost all Indian retail giants are there in the Capital and looking at development plans.
Retail expansion in the National Capital Region (NCR) is primarily being planned in the new malls, located in the newly evolving retail destinations of Gurgaon and Noida. The traditional prime retail areas in Delhi include areas like Connaught Place, Khan Market, Karol Bagh, South Extension and Greater Kailash, continue to witness high demand. Khan Market is said to have the highest retail rentals in India, starting from Rs. 1200 per sq. ft. (monthly).
Indian real estate sector is on boom and this is the right time to invest in property in India to reap the highest rewards.
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