We tend to think of South Mumbai’s seafront apartments or Bengaluru’s tech-driven Penthouses when we imagine the most expensive real estate in India. They are still too expensive for most buyers. These metro cities did not see prices rise as quickly as the capital, which saw the largest spike among Indian cities.
This time the boom in luxury properties is happening in an area you may not have expected. New Delhi is making waves on the housing market, despite its reputation as a political powerhouse. To the shock and surprise of local and international investors, it has even outpaced Mumbai in terms of luxury home price increases.
How this growth will unfold on a long-term basis remains to be seen. Delhi will continue to be the leader or other Indian cities may surpass it.
A lot of people are investing more and more in Delhi because the returns are very good. In fact some even suggest that Mumbai prices especially in super prime areas might have hit a wall of sorts. This is where Delhi property is the best of the bunch among the larger mega cities of India.
More and more business is coming to the center of poltiical power in the country and will continue to do so.
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