Friday, May 7, 2010

Intricate job to have properties and apartments in Delhi

Connaught Place is one of the best markets for chief leasing the value of commercial possessions are hiked on the top list of high rating on the international market. The effective information is that Connaught place is rated on number 11th position on most expensive places on global market. This place is centre of number of special leading brands and companies whether you name any multinational or government organization from banks to research departments, beautiful heritage buildings encircling this area. This area is griped by enormous buildings and green area called India Gate majorly which is the best picnic spot connected with the Rashtrapati Bhavan and Central Secretariat and long open routes connected with South Ex and North Delhi this the main land city of Delhi. Filled with all branded showrooms and food courts right from all the four corners making Connaught place as one of the basic market followed for choice and spending time. This is hub of collection and disbursement stock.

This is also centered by major construction developer’s corporate office including Parsvnath and media centre Statesman house. The residential value of this area has also increase with about 15% with a year’s time and will increase by 25% by the end of this assessment year. Connaught Place among world's highest rentals: The rental values of commercial properties lying in this place have moved up sharply in recent times to include it among the list of world's ten most expensive markets. Connaught Place now stands at eighth position of the global indices in terms of property rentals.

Residential rentals increased by 13 %: The first three months of the year 2008 has seen an appreciation of 13 percent in rental values of residential properties lying in central Delhi. The reason for the increase is cited to be the rising demand of residential properties by expatriates. Paramount Group to launch three new projects: Paramount Group, a leading real estate developer based in Delhi, has decided to invest Rs. 1100 cr. for the development of integrated townships and housing projects over the next two years.

Construction of third floor permitted by SC: The Supreme Court has now given permission for the construction of a third floor on the condition that it should adhere to the FAR (floor area ratio) norms defined in the Master Plan for 2021. So, properties and apartments in Delhi are really getting expensive day by day.get details about New projects in noida.

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