"Foreign property investors and India based investors as well as NRI have spotted a best place to pour their investment capital in India properties which is concentrating in Delhi and NCR where capital are being fast processed into profits"
Capital of India and skirting NCR regions in concert are being observed as a valued possession of all property enthusiasts as the plain lands here are transforming into gold mine. Demands for these real estate locations are steadily towering as much as the constructions that are being built here. Almost all those grade A buildings are taken over soon whereas semi-constructed or under construction buildings are being fast grabbed by property investors for leasing.
Though both commercial properties and residential properties are contributing to this fast paced growth in property sector, however, it is commercial property to offer higher rental yields of up to 8 to 10 per cent than rental yields generated from residential properties that happen to be 4 to 5 per cent.
Properties in South Delhi and Connaught Place in New Delhi are hottest selling properties where rental revenues are skyrocketing and vacancies are descending to zero level. Market studies have shown that monthly rentals in Connaught Place commercial properties are as high as Rs. 100 to Rs. 150 for each square feet.
Even at such high rental rates, occupancy level at this area is less than 5%. Like rental rates, property prices are mounting in leaps and bounds in South Delhi based areas. For instance, office spaces at Saket and Jasola have been noted to be around Rs. 13,000 from the level of Rs. 5,000 one year ago. No wonder, why such lofty real estate growth is accumulating local, national as well as foreign investors and bringing foreign currencies to India, promising overall growth.
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