Shortage of residential and commercial properties in preferable locations and high demand of property are the main reasons for skyscraping prices of properties. Delhi being the national capital is always on high demand by all for residential and commercial reasons, but because this state is already overcrowded and there is hardly any place available (and that is too in non-developed area) for sale or purchase. The thought of buying a property is something creepy because of high rate of real estate market. So, most of the people prefer to go for rental houses of offices so that they can easily pay the monthly rental with an ease and can afford the same.
Main cause of hike in prices of properties is shortage of residential and commercial real estate in Delhi as well as in national capital regions (NCRs). Delhi and NCR – Faridabad, Noida, Gurgaon, and Ghaziabad are the main hub of real estate sectors and presence of renowned builders who are having numerous residential and commercial projects in these regions have added more value in the property prices.
Generally it is noticed that more and more business units are spreading their business in different cities if they are already having office in Delhi then they are looking for NCR sectors to open up new branch units and for sure they need office space for that. For this reason they demand commercial real estate to establish their office and preferably they buy the office space if it is affordable otherwise they go for rental space at a reasonable rental price.
At present almost all the people are giving preference to rental property because they don’t want to block their money by investing in extra property whether it is used residential or commercial purpose. And on the top of that the shortage of residential and commercial real estate have made it difficult to think to buy any of these property and as a result there is only one option left i.e. to search for affordable rental unit in selective and preferable location so that it will be supportive to meet the requirement.
Main cause of hike in prices of properties is shortage of residential and commercial real estate in Delhi as well as in national capital regions (NCRs). Delhi and NCR – Faridabad, Noida, Gurgaon, and Ghaziabad are the main hub of real estate sectors and presence of renowned builders who are having numerous residential and commercial projects in these regions have added more value in the property prices.
Generally it is noticed that more and more business units are spreading their business in different cities if they are already having office in Delhi then they are looking for NCR sectors to open up new branch units and for sure they need office space for that. For this reason they demand commercial real estate to establish their office and preferably they buy the office space if it is affordable otherwise they go for rental space at a reasonable rental price.
At present almost all the people are giving preference to rental property because they don’t want to block their money by investing in extra property whether it is used residential or commercial purpose. And on the top of that the shortage of residential and commercial real estate have made it difficult to think to buy any of these property and as a result there is only one option left i.e. to search for affordable rental unit in selective and preferable location so that it will be supportive to meet the requirement.
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