Property for Sale in Greater kailash 1

Renting is a great option to earn an additional income. Metropolitan cities, including Delhi, assure good rental returns when compared to smaller cities. In the national capital, the annual rental yield saw an increase of around 3.39 percent. The Delhi–Mumbai Industrial Corridor (DMIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC) will further have a positive impact on the rental sector in the city. Let’s look at the five promising localities that witnessed an increase in rental values over the last few months.

All 92 Sections of the Real Estate (Regulation & Development) Act, 2016, have come into effect today. A look at how the new law is going to change the dynamics of the sector.

The state government plans to construct 2.60 lakh homes for the underprivileged.

While buying property in Delhi might be difficult, lifestyle-conscious homebuyers and professionals are no strangers to homes on rent in Delhi. Apart from affordable homes, the high-end properties in the national capital can command as much as Rs 15 lakh as monthly rent.

The real estate sector is of strategic economic importance to the Indian economy, as it is the second-largest employment generator after agriculture and contributes about six per cent to India’s GDP. India would require about 11 crore housing units on a pan-India basis by 2022 to achieve the vision of Prime Minister Narendra Modi. To achieve this vision, streamlining of archaic norms and incentivising stakeholders is important.