Property Rates in Delhi

The real estate sector records a growth of about 30% annually in Delhi. A tremendous increase in the number of migrants to this city from across the nation and also overseas has resulted in the sky climbing property rates. A hike in the capital and rental rates is the result of diplomats’ demands as well. Surpassing the rental rates in Mumbai, Delhi’s posh localities like Vasant Vihar, Connaught Place, Dwarka, etc. Have a rate escalation to at least 30%. In dwarka, the property rates have risen to as high as Rs. 4000-5000 per sq.ft. Whereas in Civil Lines and Model Town, the rates have reached the mark of Rs. 80,000- Rs. 1.20 lakh per sq. yard. The rates are on the way to a further boom because of the upcoming luxury projects by Omaxe, DLF, Ansals, etc. e.g. The NRI city.