Commercial Property in Delhi
Delhi is not just the political capital and a historical city in India, it is also among the biggest real estate hotspots of the country. Though it may be known better for residential realty, commercial property in Delhi is also growing at a fast pace and gives tremendous returns to the people. Older sections of Delhi such as Karol Bagh, Connaught Place and Chandni Chowk have always stayed at the center of commercial real estate market. Even the small shops in these areas have tremendous growth potential and thus attract investors from different parts of India and abroad.
Commercial property in Delhi can either come in the form of office space, retail space, food and beverages store, space in a mall, multiplex, shop in an SCO market or just a commercial plot to invest in. One who wishes to invest in Delhi’s commercial real estate market will never fall short of options that fall in his budget. In the areas that only had old style shops, developers are bringing high-end stores and building malls and multiplexes in the city center. These projects are just in their initial phases of development but once they are complete, the return are going to be amazing.
Unlike the slump in the residential real estate sector of Delhi, the commercial market is still going strong. Rental income from commercial real estate investment is also wonderful. Office spaces have been witnessing a rental yield of 8-9% and retail spaces give rental returns at the rate of 9-10%. This is far better than the 3-5% rental yield of the residential sector. Delhi’s commercial real estate market still has a lot of potential and if you wish to invest in real estate, this should definitely be considered.