Delhi’s posh localities command massive prices. Since, many families are living in these areas for many years and considering the high worth the properties in this area has nobody really wants to part with the owned houses. Hence, the number of properties on sale in these areas is very few. Owing to high demand and fewer supplies the prices of properties in these areas are sky-high.
According to Delhi real estate brokers, residential property in any of the areas in Lutyen’s Delhi costs around Rs 2- 4 lakhs per sq ft and it further varies depending upon the location and unit area.
This zone of Delhi houses number of bureaucrats, politicians, industrialists and business colossal. However, the historical significance of the area has been a backbone of its popularity but that is gradually being lost due to the ignorance of many of its residents. But Delhi Real Estate Builders state that there is still that inherent spark in these areas which makes them so desirable. They add that though Delhi properties like other metros have been growing through a slowdown phase but Lutyen’s Delhi has never lost its sheen in the real estate segment of Delhi.
Besides factors like location and historical value, the neighborhood profile, build-up area, quality of infrastructure and civic amenities, proximity to other parts of the city and well laid out transport network adds to the already prized real estate of Lutyen’s Delhi.
While, the best address in Delhi is the most expensive too, there is no dearth of those who can afford a house in these high profile localities. Having a Delhi property is a big deal in itself and owing one in the high-net Lutyen’s zone spells status.
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