Frenzied real estate mart

It’s a frenzy of sorts when it comes to property situation, and the capital of India is a ball game of high-end sellers and dealers.

Where is the real estate in Delhi? It is the fortunes you must be talking about. Those who missed to have their home in Delhi in seventies could manage in eighties. Those who missed it in eighties still had some saving grace in nineties.

But those who did not wake up even then would better sleep off, keep making their landlords rich or pack up their bags and leave the city not for a few km away from it but 10s and even a hundred km.

Delhi properties profile is narrowing down to only two kinds. While opulent and expensive make for one kind and slum and shanty make for another.

Property for sale in delhi areas like Prithviraj Road, Race Course and around, and similar super VIP pockets make news. They are in the range of…hold your breath, upwards of Rs100 crore apiece.

Those planning to buy a house in Delhi would prefer South, North, West and East in that order. Middle businessmen and high-salaried alone can think of a reasonable-sized house; others must settle for flats. Apartments are far and few in Delhi. Those outside Delhi too fall well over the higher income bracket.

The fact of the matter is that the new citizenry from middle-class has no place in Delhi not to talk about those falling below that. Those living here for the last one generation are itching to buy better quality of life across the borders and save a fortune for their investment and security for the later days. With money on property rising insecurity is reaching new peaks as real estate is the buzzword and land grab by all an order of the day.

It’s a frenzy of sorts when it comes property situation, and the capital of India is a ball game of high-end sellers and dealers.

Rakesh Malhotra, an associated editor to http://www.indianrealestateforum.com. Indian Real Estate Discussion Forum help you to exchange ideas on various issues related to commercial and residential properties in India and its various cities like Delhi, Gurgaon, Noida, Mumbai, etc.