New Delhi

Throughout its history, Delhi has served as a capital of various kingdoms and empires. Under the British rule, it became the capital of India in 1912. This gave the British architect, Sir Edwin Lutyens, its exclusive signature architecture, with its wide boulevards and elegant bungalows. Lutyens’ architecture is visible in various government offices and embassies too. Rashtrapati Bhavan, Sansad Bhavan and Rajpath are some of the prominent structures carrying his signature style. Thus, Delhi started being referred to as Lutyens’ Delhi.

It is truly the city of djinns and imperial monuments, rambunctious population and forlorn tombs. With structures like Qutub Minar, Red Ford, Lotus Temple, Akshardham Temple, Lodhi Gardens and many others, it captures the imagination of the passing traveller and renders captivating experiences to them. Delhi encapsulates two very different worlds, the ‘old’ and the ‘new’, each presenting deliciously different experiences. Today, Delhi has expanded exponentially beyond its government quarters and buildings, its NDMC green zones and heritage monuments, its political precinct at Raisina Hills and Akbar Road, its trail-blazing institutes and establishments and spilled over to the NCR region.

With five main railway stations – New Delhi, Old Delhi, Nizamuddin, Anand Vihar and Sarai Rohilla); Indira Gandhi International Airport and the Delhi Metro, Delhi is well connected through the length and breadth of the map. Delhi boasts one of the cleanest transport systems in India with most of its buses and taxis running on CNG. The ring roads that run through the veins of Delhi make the connectivity smooth and unclog the heavy traffic flow. Being the Capital, it also serves as a major connection hub for the rest of India for railways and air path. Delhi has a vivacious culture and an eclectic performing arts scene. Delhi also serves as a foodie’s paradise and hems-up some of the finest restaurants and cafés in the Indian sub-continent. Delhi’s kitsch culture and flourishing street food industry has to be experienced firsthand to get an overview of this bustling place.

Delhi Development Board has played a key role in the extensive planning, monitoring, housing and land management schemes in this metropolis. Delhi till date has avoided building high rise residential structures within its belly. There are high rise commercial properties though, built by the various established builders like DLF, Unitech, Parsvnath, Ansals, Omaxe, Emaar MGF, Rahejas, to name a few. The commercial heart of Delhi is Connaught Place and Barakhamba Road and the commercial buildings like the Jeevan Bharti and Kailash buildings in CP; and others like Gopal Das Tower, Ashoka Estate, Nirmal Tower and New Delhi House on Barakhamba Road; Urjanidhi building housing the Power Finance Corporation in Barakhamba lane; Surya Kiran high-rise, Jeevan Prakash building and Ansal Bhawan on Kasturba Gandhi Marg; Ashadeep building on Hailey Road; Rohit House on Tolstoy Marg; Indian Oil Bhawan on Janpath; and MayurBhawan in Shankar Market showcase Delhi’s development and building ability.

Delhi has been the leading city in India, which has witnessed the steepest property price appreciation of roughly 60%, when compared to cities from 43 other countries. Keeping in mind the influx of population and growth, DDA (Delhi Development Authority) has drawn up a Master Plan for 2021, which divides Delhi into five separate zones. If the DDA has its way, the Capital will get more than 10 lakh houses by 2021, the year when the population in the metropolis will touch the 2.3 crore mark! The Master Plan focuses on optimum utilization of land, enhancement of ground coverage, FAR (Floor Area Ratio) & height for residential structures, prevents growth of slums, ensures restructuring of the city based on mass transport – influence zones, which have been planned along major road & MRTS corridors; construction of roads, highways and expressways to ease traffic congestion, development of integrated townships with 15% to 20% green areas included in the plan and make room for a million dwelling units projected (45,000 families) that migrate into Delhi every year.

At present with the highest GDP and buying capacity in India, real estate projects in New Delhi has seen positive growth. Housing projects in Delhi are the costliest, when it comes to buying and selling. The city boasts being an investor’s paradise and a developer’s playground with amazing benefits for both. Growth of infrastructure, new avenues of business and employment have beckoned people from all parts of the country to migrate to Delhi in search of better livelihood. Being the Capital and the backyard of political insurgency; Delhi lives up to its reputation and image of being the “Dil” of India.

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