Delhi, also known as the National Capital Territory of India, is the capital of the country. It is India’s only city-state that envelops other cities such as Noida, Greater Noida, Gurgaon, Alwar, Ghaziabad, Faridabad and other nearby cities and towns. Delhi is now the world’s second most populous city and the largest Indian city in terms of area. Property in Delhi is one of the most expensive in the country.
Surrounded by the states of Haryana and Uttar Pradesh and located on the banks of the river Yamuna, Delhi is a major commercial center of the north. It has a rich and diverse history, spending most of its time as a capital under the rule of various kingdoms and empires. It has been rebuilt several times during its history and has had an altering geographical boundary. For this reason, it is called the city of cities.
Delhi real estate has witnessed rapid progress in infrastructure and development. The city has excellent and improving connectivity. Certain industries such as IT, Knowledge Process Outsourcing, and Business Process Outsourcing (BPO) have shown tremendous growth over the last few years creating new employment opportunities for the city’s growing population.
Stats and Facts
The Tertiary Sector
Connectivity
Delhi Civic Administration
Delhi Infrastructure
Infrastructure development in Delhi has been occurring at a rapid pace. The result is that it’s attracting multinational corporations (MNCs) from across the globe. Right from connectivity to healthcare, infrastructure in Delhi has been moving positively.
Primary infrastructure like new roads, bridges, flyovers and healthcare facilities are being developed and maintained quite regularly. The educational infrastructure of Delhi has always been remarkable, thanks to the network of top-notch colleges and universities to choose from. Delhi Real estate has benefited from the growth of this infrastructure.
The Delhi Master Plan 2021 contains major government proposals intended towards revamping architecture including extension of existing commercial areas in the city and constructing new multistoried buildings. This will give boost to Delhi real estate.
Infrastructure Projects
|
Name Of The Project |
Impact Areas |
Expected Completion Date |
Remarks |
|
Delhi-Faridabad Elevated Expressway Project (NH-2) |
Delhi to Haryana at Badarpur |
Completed on November 29, 2010 |
The expressway caters to a very high traffic volume and reduces travel time by over 40 minutes. |
|
Delhi-Mumbai Industrial Corridor |
Regions lying on the route from Delhi to Mumbai and covering states Delhi-NCR, U.P., Haryana, Rajasthan, Gujarat, and Maharashtra |
2019 |
An industrial zone spanning six states across India is being developed. A major expansion of industry and infrastructure will take place in the states along the route of the corridor. |
|
Delhi-Meerut Expressway |
Delhi, Meerut, Haridwar, Dehradun |
15 March, 2014 |
Commuters will be able to travel from Delhi to Meerut in 45-60 minutes. The time required in traveling to Haridwar and Dehradun would also reduce by an hour. |
|
Delhi State Spatial Data Infrastructure Project |
Delhi |
Under Development |
This project will help keep a check on illegal construction. Encroachments and unauthorized constructions can be easily monitored and detected through this system. |
Delhi Real Estate
Key Localities In Delhi
|
Localities |
Average Per Sq. Ft. Price – Q3 2013 |
Rent Per Month For A 2 BHK Apartment in Delhi (approx.) (Figures in 1000 rupees) |
|
|
13,129 |
18.4 |
27.6 |
|
|
8,010 |
14.4 |
21.6 |
|
|
8,890 |
11.2 |
16.8 |
|
|
12,413 |
12.8 |
19.2 |
|
|
16,102 |
15.2 |
22.8 |
|
Charges By Different Government Bodies
Property Registration
Stamp Duty: 4% if the vendee is a woman and 6% if the vendee is a man
Registration Fee: 1% of the total value of Sale Deed + pasting charge of Rs. 100
BSES Supply Of Electricity In Delhi
After Delhi’s power sector was privatized, the distribution of power came to be managed by two entities within BSES, BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL). Together, they distribute electricity to customers residing in two-thirds of Delhi.
Electricity Tariff
|
Electricity Consumption Slabs (In Units) |
Price Per Slab (In Rs.) |
|
0-200 |
3.90 |
|
201-400 |
5.80 |
|
401-800 |
6.80 |
|
Above 800 |
7 |
Delhi Jal Board
Delhi Jal Board has been responsible for the supply of potable water in Delhi. The board has ensured average availability of 50 gallons per capita per day of filtered water through effective water supply infrastructure.
Water Tariff
|
Monthly Consumption (Kilolitre) |
Service Charge (In Rs.) |
Volumetric Charge (Kilolitre) (In Rs.) |
|
0-10 |
60.50 |
2.42 |
|
10-20 |
121.00 |
3.63 |
|
20-30 |
181.50 |
18.15 |
|
>30 |
242.00 |
30.25 |
Plus sewerage maintenance charge: 60% of water volumetric charge
|
Monthly Consumption (Kilolitre) |
Service Charge (In Rs.) |
Volumetric Charge (Kilolitre) (In Rs.) |
|
0-10 |
484.00 |
12.10 |
|
10-25 |
726.00 |
24.20 |
|
25-50 |
847.00 |
60.50 |
|
50-100 |
968.00 |
96.80 |
|
> 100 |
1089.00 |
121.00 |
Plus sewerage maintenance charge: 60% of water volumetric charge
Note: The tables have been sourced from the water tariff document uploaded on the Delhi government website.
Bhagidari Citizen-Government Partnership
Bhagidari is a scheme encouraging both the citizens and the government to work in partnership towards facilitating citywide changes in Delhi. Both the citizens and the government will take joint ownership of the change process.
Some of the major initiatives undertaken within this scheme are reforms in hospital management and quality control by the Health and Family Welfare Department, the preferential treatment of senior citizens and water conservation and water harvesting by Delhi Jal Board and Urban Development Department.
