The Right Time to Invest in Delhi Property


Surely, it is the right time to invest in Delhi properties. There are lots of properties for sale in Delhi in different places now. As far as the price trend is concerned, residential and commercial properties show a small increase after a period of stagnation. During the recent recession, the real estate market in Delhi was in a slump. After market forces stalled, the industry has now just started to show some positive signs. It is the ideal time to invest in properties for sale in Delhi. The recent announcements of new policies by the Government of the National Capital Territory of Delhi and the Government of India to boost the real estate sector are very attractive to real estate investors. The Reserve Bank of India has taken some definitive steps for the benefit of the real estate sector. Now the banks can devise new schemes to promote the interests of the real estate sector. In the Delhi region, these schemes are being implemented with great enthusiasm. This will definitely have a positive impact on the real estate sector of the national capital.

Since the government has taken some strong initiatives recently for the benefit of the real estate sector, it is the right time to invest in properties for sale in Delhi. The new government initiatives include: (1) in the case of integrated municipalities, the minimum area to be developed has been reduced from 100 acres to 25 acres; (2) 100% foreign direct investment (FDI) allowed in real estate projects through the automatic route; (3) the minimum capital investment for wholly owned subsidiaries and joint ventures is US$10 million and US$5 million, respectively; (4) full repatriation of the original investment after three years; (5) 51% FDI allowed in single-brand retail outlets and 100% in cash and carry through the automated route; and (6) Urban Lands (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by an increasing number of states. These development initiatives, although directed at the national level, have a direct influence on the real estate sector in Delhi. This will have a considerable impact on the prospects of investing in properties for sale in Delhi.

For other reasons too, it is the right time to invest in properties for sale in delhi. Leading international investment consultants agree that as the Indian economy is expected to record higher growth rates in the coming years, this growth in the domestic economy will directly boost the real estate sector. Consequently, those who invest in Delhi property now can buy property at attractive prices now and can make a profit in the prosperous years to come.