Delhi, the national capital of India, is emerging as a hub for property buyers and sellers. Delhi and the NCR region is witnessing a paradigm shift, with investors focusing on high-rising residential properties. This increased optimism among home buyers is the result of luxury that meets affordability. While one cannot say that property rates in Delhi are comparatively affordable, but thanks to government policies and flexibility in bank loans, home buyers are understanding that the risk is worth taking. Here we will discuss numerous residential property trends in Delhi that are enticing prospective buyers to invest in residential properties.

3 BHK Homes Are Trending

The demand dynamics for real estates in Delhi reveals 3 BHK housing units are a highly preferred choice among home buyers. It accounted for 49% of the new supply and 44% of the unsold stock. To meet this overwhelming demand, realtors are responding by developing spacious 3 BHK projects with premium specifications and finishes. Additionally, during and after Covid, there is a significant rise in people working from home. So many home buyers seek a dedicated work space at home. So, it has become necessary for the builders to come up with better plans that provide utmost comfort, luxury, and space. So whether you are looking for an individual plot or builder floor apartment, 3 BHK is the basic requirement.

Rental Property Investment

Renting an apartment in areas like Greater Kailash, Defence Colony, Civil Lines, Safdarjung Enclave can earn you at least 1 lac a month. So investing in rental properties is undoubtedly the most beneficial choice. Being the national capital, Delhi is home to a large number of workforce, who are living in the city for job purposes. Even bungalows and villas are on trend as owner can put them for rent on Airbnbs. Government surveys have found out that 33% of residents are living in rental properties in Delhi. So, investors can capitalize on this demand by purchasing residential properties and earn a steady income. As a leading realtor, Buniyad Reality Limited understands this residential property trends in Delhi. It has undertaken many projects to cater to Delhi’s growing demand for rental properties.

Robust Infrastructure Development

The world-class connectivity, urbanized infrastructure, and the micro-markets of Noida and Gurugram has contributed to Delhi’s real estate market. Due to its ever-growing population and opportunities for employment and business, Delhi’s property rates are overwhelmingly driving up. Realtors, like Buniyad Reality Limited, are undertaking different housing projects to cater to the diverse needs of the city’s residents. Furthermore, it also contributed to a 59% increase in housing prices in the neighborhoods like Dwarka due to its connectivity with NH-8. Since the property prices are rising, right now is the best time to invest in residential flats or plots.

Strong Economic Outlook

Delhi is a thriving business hub. Not just Delhi, the nearby cities like Noida and Gurugram are considered as India’s fastest growing cities. Its urbanized infrastructure, rising IT industries, and a well-functioning ecosystem attract investors, entrepreneurs, skilled workforce, and even decision-makers from the government. It ensures the city’s growing potential. To keep up the city’s growing demand, it has become important for realtors to diversify their projects through various constructions in Delhi NCR. The booming economy of the region promises many opportunities and so investing in real estate has become one of the popular residential property trends in Delhi.

Increasing Property Values

Investing in residential properties offers a physical asset, which provides a sense of stability and security. Delhi NCR has seen a 14% hike in property values. The growth of demand is the reason behind such massive increase in house prices. Even those who already have homes, are buying residential homes as part of their future investments. Since the home you purchase today will increase in value significantly over the years, making it an asset for you.

Final Takeaway

Having a home in a city like Delhi is a dream for many. Even the increasing price for residential properties cannot drive home buyers away. The various business and work opportunities, urban infrastructure, stable ecosystem, and booming economy offer residents promising amenities. India’s top real estate companies like Buniyad Reality Limited have several residential properties in Delhi’s prime locations for buyers of all kinds.

Related Blog: Commercial Property Trends in Noida