Infrastructure projects in Delhi are helping the real estate to grow
The value of residential properties in Delhi is rising. With the increasing infrastructure projects, the real estate property market of Delhi is seeing a raise in demand for housing projects in several areas of the city.
The capital value as well as the rental value of apartments in Delhi has witnessed an average hike of 10 to 20 percent in this year.
The proposed infrastructure projects that includes construction of Outer Ring Road (ORR) Bypass, monorail and extension of metro rail has further boosted the residential property sale across the city.
Several new residential projects were launched by DLF Ltd, Parsvnath Ltd and Uppals in prime locations of the city. Those projects saw a good trend in terms of consumption as most of the apartments were already sold out.
Delhi government also took the initiative to make it a world class city in terms of infrastructure assistance.
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Source: Times of India
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