Delhi & NCR Property

Actually property market in Real Estate sector is depended on the cities and then the promotion of those properties on the basis of region and location. Properties located in Metropolitan cities such as Delhi, Mumbai, Kolkata, Bangalore and Hyderabad etc are having high in demand and the value of the properties is sky-scraping. The Indian Nation Capital city Delhi makes an impression on people, a great deal of job, career and Business opportunities drives the increasing demand for the Real Estate Sector. Therefore the demand and development for residential and commercial properties in Real Estate Industry in Delhi became Ever Growing and Hotspot.

In the residential property sector the latest Delhi Properties for sale shows the development in prices of the properties and realizes the investors that investing in on residential property is more profitable now. Through the Reserve Bank of India (RBI) and the Ministry of Commerce and Industry to further improvement in the residential property sector in the region, Both the Central Government and the Government of the National Capital Region has taken several proposals.

The hottest Delhi Property Price developments in real estate market are sure indication to the estimation of investment and for sale. Due to various reasons Delhi is a unique investment destination for both residential and commercial properties in India which is having high demand. The recent recession has made the Delhi Real Estate market to Downward, but now the properties in Real Estate market has been increasing and demand is growing in Delhi.

The property prices for sale in various locations in Delhi to understand the general movement existing in the market is:

South Extension: 7000-11000; Gole Market: 6000 – 10500; Rajendra Nagar: 17500 – 22500; Karol Bagh: 8000 – 13000; Defence Colony 9500 – 15000; Greater Kailash: 11000 – 15000; Vasant Vihar: 9000 – 13000; Hauz Khas: 13000 - 19000; Kalkaji: 9000 – 13000; Mayur Vihar: 9000 – 13000; Vasant Vihar: 3500 – 5000; Noida: 3500 – 6500; Kamla Nagar: 2000 – 2400; Shastri Nagar: 3500 – 6500; Sadar Bazar: 3000 – 4500; IFCI Colony: 2800 – 3600; Vaishalli: 3500 – 4500; Rajouri Garden: 3000 – 5000; Janakpuri: 3000 – 4500; Lodi Colony: 3000 – 4500; Gurgaon (Smaller): 3000 – 4500; Palam Gurgaon: 2500 – 3800; Suryavihar: 3000 – 4500.

The proper analysis of the Real Estate market in Delhi the data is sowing the latest trend and the property sale with a higher appreciation in major residential regions in Delhi compare to other regions.For more information on Real estate property listings are on Property in Noida.

House Holders Insurance Policy in Delhi

There are lots of schemes available in home insurance under House Holders Insurance Policy. In this insurance policy coverage will be done under 10 sections where we can choose complete cover or separate cover. The coverage sections will vary from private sector to public sector insurance companies as per their sections. Every year House Holders Insurance Policy has to be renewed. You’re entitled to a 15 per cent discount on the premium if you take 5-6 sections on the optional sections and if you take more than seven sections, you will get 20 percent discount on the premium.

1. Basic Policy that is Fire Coverage has two subsections- in this one can cover the damage from fire and allied perils to the home and its contents. Particularly structural and other damage from fire, lightning, riots, explosion of gas from domestic appliances, natural calamities such as floods, earthquakes. But in this policy we can’t able to claim for jeweler and other valuables.

2. Cover for loss/damage due to theft excluding jewellery, gold and silver articles, securities, cash and television and bicycles.

3. Cover for “all risks” against loss or damage to jewellery and valuables.

4. Cover for damage or loss to delicate items like glass ware items.

5. Cover for accidental break down of electrical, electronic and mechanical things.

6. Cover for loss or damage to television sets, computers against all types of risk-fires and allied perils, theft and accidental break down.

7. Cover for loss or damage to a bicycle.

8. Cover for loss or damage to luggage while traveling in India.

9. Cover for personal accident

10. Cover your legal responsibility to a third party for personal injury or property damage.

There is an exclusive fire policy to recover the building and the contents against the danger of fire, floods, earthquake etc in addition to the house holder’s insurance policy. This policy may be taken for five to ten years and term of the policy is longer then the discount on the premium will available more.

Demand of Property in Delhi

With the growing number of population, the demand of property is rising in the same ratio. People are demanding various kinds of properties e.g. serviced or luxury apartments/flats, homes, bungalow, plot etc.  The very important and basic thing, which is to be cleared before deciding to get property, is the “purpose” to have that because all depends on the intention to have the property. If you are planning to hire a home or flat then first you should know the duration to reside therein. If it is for long term point of view (e.g. more than 3 years)  then you should not opt for rental property as if you calculate the figure of annual rent then you will surely find that it would have been better to buy property instead of choosing the rented house. If you are planning to have property for very short period then you can think to get rented home/flat/apartment etc.

Demand of Property -

It has been noticed for last so many years that people are giving preference to rental home/flats etc because of the very high cost of property. The salaried employed are not getting a big bugs to pay high loan installment with interest for a very long period. They consider their future as uncertain and don’t know much about their earning and capability to pay loan amount in near future. But people (8 out of 10) are opting to acquire property and they prefer different financer to provide home loan (s) for sufficient period of time and they use to pay fixed amount of installments with interest during the set time period.  Once they would have paid the entire due installment they get complete possession of that property.

It is always considered a good decision to buy the property for complete satisfaction and for security point of view.