Delhi: Property rates in Capital city are increasing day by day with metro connectivity in Delhi. According to the realtors anticipations after the announcement of Delhi metro projects till it completed the property rates will increase in that area. Whereas the Delhi Metro Corporation has lined up upcoming construction projects which will cover areas like munirika, lajpat nagar, vasant vihar, daula kuan etc, so because of metro construction property prices are likely to be increased. It’s has cleared that metro connectivity has severely affected to property market.
According to the property market experts “metro has become the most comfortable and safest mode of transportation. Before buying a house people look for nearest metro connectivity available near the area.” The property prices are higher in metro connectivity areas than the non metro areas and property agents also prefer to invest in the areas which already have or which are likely to have metro connectivity in future, experts added.
On the other hand there are several forthcoming projects of metro connectivity are awaiting for approval, it means property rates are likely to hike in the near future.
Posted: 02 Nov 2011 05:33 AM PDT
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