Investing at Property in Delhi is becoming out of reach for middlemen because of high rate of inflation going around in the country. The earning trend in India is 1 over 5 that means 1 is the active earning member of family whereas other are dependent members including kids, spouse or retired parents. Commodities are expensive so as the capital goods are pricing high especially Properties in Delhi.
Delhi as a capital of India is also a most important place for gripping the national heritage and government head office operations so the Prices of Property in Delhi is valued high on comparison ratios to other metro cities. Standard of living of people is high to other metro cities. People are more conscious towards the decency style of living as home are not home now they are more than that. In earlier years people use to consider homing just as roof for living, for carrying out their basic necessities whereas, now homes are trademarks for people. Area and property shows status symbol of people and so the pride factor is associated with the home location.
Once people say name of location in which they stays other person can immediately make out style of living of the other person. Some areas in Delhi are considerably posh for e.g., South Ex, Central Delhi, and residence of any person in these areas mean high value flats/homes. Maybe inner areas could be little under developed but still prices are relatively high due to movement possibilities and availability near the place.
Pitampura is another expensive area in north, as it is spread across major north portion of commercial properties Delhi and nicely connected with metro train. 'Saraswati Vihar' in pitampura is a costlier place as it has beautiful self constructed bungalow's with at least single park adjoined with every 10 bungalow. It has sufficient broad roads for easy traffic movements and front space parking for vehicles. Price for bungalow per floor for 1000 sq. ft. will cost you at minimum of 2 crore and above.