Is It the Right Time to Invest in Delhi Properties?
It is undoubtedly the right time to invest in Delhi Properties. There are a lot of properties for sale in Delhi at different locations now. So far as price trend is concerned, residential and commercial properties are showing a little rise after a period of stagnation. During the recent recession, the property market in Delhi was in a slump. After the doldrums in the market forces, now the industry has just begun to show some positive sings. It is the ideal time to invest in properties for sale in Delhi. The recent announcements of new policies of the Government of the National Capital Territory of Delhi and the Government of India for boosting up the property sector are very much attractive for property investors. The Reserve Bank of India has taken certain definitive steps for the benefit of the real estate sector. Now banks can devise new schemes for furthering the interests of the property sector. In the Delhi region these schemes are being implemented with much enthusiasm. This will definitely have a positive impact in the real estate sector in the national capital.
Since the Government has taken some strong initiatives recently for he benefit of the property sector, it is the right time to invest in property for sale in Delhi. The new governmental initiatives include: (1) in case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres; (2) 100 % foreign direct investment (FDI) allowed in realty projects through the automatic route; (3) minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively; (4) full repatriation of original investment after three years; (5) 51% FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route; and (6) Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states. These developmental initiatives, though aimed at national level, have a direct bearing in the real estate sector in Delhi. This will have considerable impact in the investment prospects in properties for sale in Delhi.
By other counts also, it is the right time to invest in
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