It is surely the right time to invest in Delhi properties. There are lots of properties for sale in Delhi in different places now. Regarding the price trend, residential and commercial properties show a small increase after a period of stagnation. During the recent recession, the property market in Delhi was in a slump. After the stagnation of market forces, now the industry has 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 property sector are very attractive to property investors. The Reserve Bank of India has taken certain definite steps for the benefit of the real estate sector. Now banks can devise new schemes to promote the interests of the real estate sector. In the Delhi region, these schemes are being implemented with much 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, the time is right to invest in properties for sale in Delhi. 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and 100% in cash and carry through the automatic route; and (6) Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by an increasing number of states. These development initiatives, although targeted at the national level, have a direct influence on the real estate sector of Delhi. This will have a considerable impact on the investment prospects 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 post 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 at the moment can buy properties at attractive prices now and can earn profit in the prosperous years to come.