New Delhi is the capital of India and one of the most prominent cities in Asia. Delhi is used to refer to the surrounding National Capital Region that is included in the Capital’s perimeter while New Delhi is used to define the smaller capital area within the NCR region. Known as one of the most populated cities in Asia, Delhi has a reputation for being a hot destination for real estate investment. This article lists out five tell-tale signs of a safe property investment in New Delhi
Known mostly for its vibrant culture and populated streets, Delhi has been the capital of India since our nation’s independence back in 1947. Surrounded by the National Capital region of Noida, Gurgaon, Ghaziabad and Faridabad, New Delhi is one of the most densely populated areas in India. Finding a property that is right for you in every way possible becomes a rather daunting task in New Delhi.
Here are five signs that will help you determine whether the property you are looking to buy is a safe investment of not:
- All Documents Available
If a Property in Delhi has every legal document available with its name written on it, it becomes a very good tell-tale sign of a good investment. If your builder/seller has the right land ownership documents along with approval from the Delhi Municipal Corporation, then the property could be a good investment. Availability of permission from the Pollution Control Board, Fire and Rescue Department, building permits, etc. is an added bonus as well.
- Good Location
Location matters greatly, if you live in New Delhi. A good location is free from pollution and traffic and is located near all major facilities like schools, colleges, hospitals, etc. A good location will experience very few power cuts and very few water shortages which is a vital aspect of any residential living space. A good location will drastically increase the resale value of your place, which will in turn result in a good investment for you.
- Trusted Builder
New Delhi is home to thousands of builders that launch new projects almost every day. Due to this, it becomes very hard to pin point a good and honest builder for your dream home. If the builder of your proposed apartment has a good reputation for delivering on time and is affiliated with the builder’s association as well as the government, then it is a good tell-tale sign of an excellent investment. Delhi is notorious for fraud builders that are yet to deliver on their promises to this day. Hence a good builder with proper permissions and a flawless track record is a good tell-tale sign of a safe investment.
Delhi has numerous connectivity options, one of the most prominent among them is the New Delhi Metro. The new Delhi Metro spans most of Delhi and helps connect people to different parts of the massive city. A house that is nearby a metro station is highly sought after and can increase the resale value of your property in the future. Hence a property neighboring a metro station is yet another sign of a safe investment of Property in Delhi.
- Low Crime Rate
Crime is always on the rise in a city like Delhi: which experiences lakhs of people coming and going from the city on a daily basis. Hence a locality where the crime rate is low and the police are avidly active every day, makes for a great investment. A location with lower crime rates will increase the resale value of your property and will result in a better investment in the future.
New Delhi is the rapidly growing capital of India. Hence it becomes very important to invest safely and cautiously in real estate in a place like New Delhi. The points mentioned above will help you determine the quality and safety standards of your dream house.