The city of Delhi has seen a lot of expansions and developments in its real estate sector. Emergence of the increased demand in the residential and the commercial sector has resulted in the high end growth of the real estate sector in India. Delhi, being the capital is preferred destination for most of the people looking for career, education, or better living opportunities.
Buying a property in Delhi is the aim of a large number of people. To fulfil the dream of as many people possible, the realtors in Delhi are launching many new projects. The latest invention of the realty sector is Narela area of north- west Delhi. The area is not properly developed right now but, soon there would a number of residential and commercial properties and projects coming up in the area.
Currently an unauthorised industrial region of the city would soon be shaped into a residential and commercial hub of the capital city. According to experts, this is a result of saturation in property in Delhi in other areas. People are looking for more options in the city and in such situations the demand of real estate in areas like Narela are growing up.
In fact, the property prices of these areas have increased to 5- 10% in last few months. Due to its location near already developed regions like Rohini and Kundli, the demand for properties in Narela is gearing up. There are plots by DDA also in the area, which is a proof that the city is already on a spree of development. As per the proposed metro plans, the area is also destined to witness metro connectivity soon.
All these factors have added stars to the growth of the real estate India and are making it possible for every citizen to have a home of his own.
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