Answer ( 1 )

  1. Delhi is the capital of India and the largest Union Territory in terms of population. There are approximately 212 localities in Delhi, hence the question about the property trend in Delhi can be divided depending on the locations.

    a. In South Delhi, the average property rate is around Rs. 13,574/sq ft. The top localities in South Delhi are Greater Kailash, Vasant Kunj, Sainik Farm, Saket, Hauz Khas and so on. However, the property prices are higher in these locations.

    b. Speaking about Central Delhi, the average property price is around Rs. 9,290/sq ft. However areas like Pitampura and similar localities have a higher rate.

    c. When it comes to western part of Delhi. The property rates are comparatively lower than South Delhi and range between Rs. 380- 3L/sq ft depending on the location of the property.

    d. In eastern part of Delhi, the property rates range from Rs. 400/sq ft to Rs. 90,500/sq ft. 

    Although the property rates in Delhi are higher, people still are looking for investing in real estate.

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