subject: Rental Property in South Delhi [print this page] Rental Property in South Delhi Rental Property in South Delhi
Delhi is the hottest property destination of all times in India as the national capital boasts of some world class structures today. Real estate in Delhi has been attracting lots of attention from developers and investors across the country for promising great returns in future. It is such an interesting city full of life and diversity that many of its subjects are popular abroad as well. A great tourist destination, Delhi is flooded with some of the most expensive structures in the country. And realy in South Delhi is what signifies opulence and luxury at its best.
South Delhi, synonymous with sophistication and splendor is the hottest place in the city to live and hangout in. It houses foreign embassies, historical monuments, well known shopping centers and some of the most prestigious educational institutes. Laying out excellent infrastructural facilities, realty in South Delhi is the most sought after in the entire city. The skyrocketing prices of property in this high class area make it the most coveted one. But, it is out of reach for middle class and caters only to the rich and mighty buyers. Besides buying homes or flats in South Delhi, renting here is also a pocket burning affair with rentals spiraling up every quarter. Some of the suburbs in the area are Hauz Khaz, Lajpat Nagar, Vasant Vihar, Greater Kailash, C R Park, Saket, South Extension, Defence Colony, Friends Colony and Green Park among others.
South Delhi has some of the best colleges of the country like IIT (Indian Institute of Technology); Jawahar Lal Nehru University (JNU); DU (Delhi University) South Campus; National Institute of Fashion Technology (NIFT) and various others. Therefore, hordes of students migrate to the city to attain quality higher education and look for rented accommodation in the city. As a result, rented housing in South Delhi has huge demand so much so that a shortage of supply can be seen. Besides students, the professionals working in and around Delhi also rent houses in the area since this place is the most desired residential area in Delhi. The advanced structures, posh localities, swanky malls and historic marvels along with good infrastructure make it enticing for those searching housing in Delhi. Since only a particular class of working professionals can afford such expensive accommodation, it is considered to be an affluent locality.
With the growing need and the subsequently widening gap, the rentals in South Delhi are soaring higher. Apart from being the fancy of locals, it attracts foreigners on both leisure and business purposes to its beautiful settings. A tourist center, South Delhi has various historical sites like Qutub Minar and Tughlaqabad; famous temples like Lotus Temple and Chattarpur Mandir; alluring gardens like Lodhi Garden coupled with exotic restaurants and bars. It is a shopper's paradise with markets like Sarojini Nagar and Lajpat Nagar offering stylish apparels and other items at reasonable prices. It also has impressive malls like DLF Saket, DLF Emporio, Select Citywalk, etc. home to world's leading retail brands. With such international appeal on one hand, it offers a traditional touch through Dilli Haat' exhibiting ornaments, handicrafts and food. What else can one ask for and this is why people don't mind paying a few extra bucks to live in such world class environment. Property in South Delhi is booming like in all other parts of the city and even the country on a larger scale.
The capital values and rentals in South Delhi are fuelling up owing to the increasing demand for property. It assures huge returns which makes it a favorite with big realty investors across the country as well.
