subject: Residential Property in Metro City [print this page] Today the rates of properties are touching the sky. Having the own property in the metro cities whether it is residential property or commercial property is the status symbol in the society itself. The demand of the property in Delhi and property in mumbai are rising day by day. Many commercial and residential projects are doing their best in making the property more luxurious. Delhi is the national capital of India and Mumbai is known as financial capital of India. So investing in real estate in these cities is a good idea.
Property in Delhi
Property rates in Delhi have already touched the roof since the past two years. Today the real estate is the expensive industry. Many new projects are coming up in neighboring regions also like Gurgaon, Noida, Faridabad and Ghaziabad are developing into big cities. The life style of the people in India has been changed, now they want to live in an elite environment. So the demand of the luxurious properties in Delhi NCR is increasing day by day. Commercial properties in Delhi like office spaces are in demand as every company wants the office in this city. If we talk about the average property price in Delhi for Plot is near about Rs 7 Crore as well as the rate of residential property in posh localities are near about Rs. 5.50 crore.
Property in Mumbai
Anyone feel pride if they have their own property in Mumbai which is known as financial capital of India. Mumbai is the hot favorite commercial place for corporate companies. If we compare with other metro cities, the rental values in Mumbai are sky-scraping. Having an own residential property in Mumbai is not possible for the common man. Today Mumbai has become the sizzling spot for the retail sector also. The range of posh localities in Mumbai is from Rs 4,800-6,500 per sq ft for residential sector, in areas like Jogeshwari, Malad and Borivali, the commercial property range comes between Rs 3,500-5,000 per sq ft.
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