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Demand of the Property in Delhi and Mumbai

By Maaya Subscribe to RSS | June 1st 2012 | Views:
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Today the price of properties is 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.

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Today the price of properties is 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 increasing day by day. Many residential and commercial projects are doing their best in making the property more lavish. 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 price in Delhi has already touched the sky since the last two years. Today the real estate is the expensive industry. Many new projects are coming up in neighboring regions also like Noida, Gurgaon, Faridabad and Ghaziabad are developing into big cities. The standard of living of the people in India has been changed, now they want to live in a privileged environment. The rental values in Mumbai are sky-scraping. Having an own residential property in Mumbai is not possible for the ordinary man. Nowadays Mumbai has become the sizzling spot for the retail sector also. So the demand of the lavish properties in Delhi NCR is rising day by day. Commercial properties in Delhi like office spaces are in demand as every company needs the office in this city. If we talk about the average property rates 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

Everyone 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 ordinary man. Nowadays Mumbai has become the sizzling spot for the retail sector also. Many new projects are coming up in neighboring regions also like Noida, Gurgaon, Faridabad and Ghaziabad are developing into big cities. 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. For more details on property in Delhi and property in Mumbai, log on to free classified ad websites.

Maaya - About Author:
Visit free classified to see search results for property in India Like property in Delhi and property in Mumbai like Commercial properties in Delhi

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