Shining bright

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} Mostlocations in Delhi are witnessing a rise in prices, thanks largely toinfrastructure development and improved connectivity AshishJindal   Duringthe last few years, the residential segment in Delhi has witnessed substantial growthin terms of property prices and the rise of locations like Dwarka and Rohini,where most of the new housing stock has been added. Infrastructure developmentand improved connectivity have been the focus areas of the civic authorities,riding on which, most of the locations across Delhi are witnessing priceescalation. South Delhi South Delhi continues to hold its position as the most covetedlocation for residential settlement within Delhi, even though high propertyprices have madeit unaffordable for a large number of home buyers. Most of the primeresidential pockets like Jor Bagh, Chanakyapuri, Golf Links, Defence Colony,Friends Colony, Greater Colony I and II etc, are located in this zone. TheSouth Delhi Metro link to Gurgaon is due to be completed in six months. An important factor that has led to an increase in prices in the areas is theabsence of any new residential stock. The recent Supreme Court verdict on acquiringof 12,000 acres of land in Chattarpur, for development of a sub- city in SouthDelhi almost the size of Dwarka, can be one of the most important factors thatmay lead to prices stabilising in the area. East Delhi Locations like Mayur Vihar, Anand Vihar, I.P. Extension, Patpargunj, Preet Vihar are few locations, where demandfor residential settlement is observed to be improving on account of infrastructure initiatives been takenby the Central and state governments. The completion of the East Delhi Metrolink and the Delhi-Noida Metro link in the month of January have been the keyreasons driving residential demand in this region. East Delhi, like south, hasalso not witnessed much fresh supply of housing units, which has led to rise inproperty prices. The Commonwealth Games Village located near Mayur Vihar isanother factor which may lead to property prices commanding a premium in thearea. North Delhi North Delhi is one of the first locations that witnessedimproved connectivity to CBD through a Metro link. This has also led to anupward trend in property prices. Further, once the Jahangirpuri-Centralsecretariat-Qutab Minar -Gurgaon Metro link is operational in another sixmonths, it will allow easy access to various South Delhi locations and improveconnectivity to Gurgaon. This development will make North Delhi a keyresidential zone and drive up property prices. West Delhi Punjabi Bagh, PaschimVihar, Naraina , Rajouri Garden, Janakpuri and Patel Nagar are the few primeresidential locations in West Delhi. Improvedconnectivity to CBD by the Delhi Metro and the presence of Netaji Subhash Place, a key SBD office location, have beenthe key reasons for increase in property prices in the region. With theMundka-Inderlok Metro Extension to be completed in another couple of months,this development will improve West Delhi's connectivity to CBD and East Delhilocations. The author is Regional Head(North), Knight Frank India Courtesy: HT Estates 20 th Feb 2010 More Informations : http://www.zameen-zaidad.com And http://www.propertycateterya.com

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