Delhi, the capital of the world's largest democracy offers a fusion
of various cultures, traditions and values. People from every nook and
corner of the country, turn up to the capital to be a part of the rich
and diverse culture the city offers. The city is popular not only among
the locals but also among the people from all around the globe who visit
here to have a taste of the mesmerizing shopping spots, historical
places and rich and diverse culture. However, the capital also portrays
the socio-economic and political life of the country and acts as a
spokesperson for the countries' growth and economic stability. With such
major countenance to boast of, it has always been the preferred choice
for the people who are looking for lucrative options to invest in real
estate in Delhi that along with prime locations also offer good return
in investment.
Recently, owing to the heightened interest of the masses in
the residential property in Delhi NCR, there has been an increase in not
only residential projects in Delhi but commercial properties too have
witnessed a swift expansion. Real estate in Delhi NCR region has matured
promptly to conform to the expanding heterogeneous population and their
ever evolving needs. However, still a lot needs to be done to match
pace with the changing market scenario and the variable requirements of
the masses. While the upcoming residential project in Delhi are being
constructed so as to accommodate the boom that is being expected in the
upcoming years, the government is also doing its best to aid in this
development process of real estate property in Delhi NCR.
The
recent Master Plan Delhi 2021, devised for successful restructuring as
well as structuring of the properties, is seen as the ultimate game
changer that will ensure that the housing needs of the city dwellers are
met. This initiative is also being touted as one of the biggest public
private partnership. The project will develop commercial as well as
residential property in Delhi NCR, with main emphasis on making Delhi an
international level metropolis. While private sector will bring its
expertise in timely delivery, professionalism and accountability, the
government sector will ensure that due diligence is given to the
affordability and economy factor of the housing projects. With 2021
being the deadline, Delhi NCR is not too far from becoming a dream place
to live.
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