Are High Rise Buildings Still a Hype Building

Avatar By: Deepak Thakur

Delhi, over the years, has turn into more of a resale market, with hardly new developments barring builder floors. This has further added to the interest in high-rise condominium living, a lifestyle that potential buyers are trying to find while they're able to pay a further price.

Delhi may be a spectacular model of how a historic city has stood against the clock and skilled several architectural changes over centuries. Because of the capital, the town has perpetually been a favored address for residential and commercial developments. Within the past few decades, the perennially expanding density has left the town with succinct livable spaces.

The capital region, including Gurugram and Noida, has already adopted and is flourishing with high-rise developments within the past 20 years, making a contemporary living. While NCR has achieved popularity among home buyers by creating a template for future cities, many aspire for an identical style of living without negotiating Delhi's comfort and entitlement.

Delhi, over the years, has turn into more of a resale market, with hardly new developments barring builder floors. This has further added to the interest in high-rise condominium living, a lifestyle that potential buyers are trying to find while they're able to pay a further price. Today's buyer within the Delhi market desires a well-planned community living environment that promises privacy, comfort, and security within the boundaries of Delhi. Huge open spaces, green vistas and walking areas, within the complex, amid a well-connected locality with every urban amenity accessible, are a number of the stress that Delhiites are looking for while providing in a new home. The self-sustaining luxury condominiums endowed with state-of-the-art amenities have emerged as sought-after residential offerings due to the holistic experience they provide.

Why is Delhi Still a Recommended Location?

Owing to its cultural landscape, heritage, legacy, and modern yet ethereal lifestyle, aside from being the capital city, Delhi endures to be a coveted residential destination for several. Thanks to its excellent connectivity, hub to prestigious educational institutes, and proximity to new commercial centers like Gurugram and Noida, the town features a lot to supply.

Industrial Area Redevelopment Picks-up Pace in Delhi

With the town expanding fast, industrial clusters like Okhla Industrial Estate, Mayapuri, Naraina, and Mohan Cooperative were on its outskirts once they were found out within the 1950s, '60s, and '70s, are now surrounded by prime residential areas. DDA is considering allowing group housing on about 20% of the land for such clusters. Transforming old industrial areas to housing will not only increase the availability of the latest homes within the city but also bring down property prices.

Several old industrial estates now house business showrooms and offices, besides huge halls, rented out for banquets and other social events. The Okhla Industrial Estate, one among the city’s oldest and cover 109.52 acres within the south, houses offices to several multinational companies and law firms. As a part of measures to enhance land utilization within the city, the urban development ministry redevelops government housing colonies. Kidwai Nagar, RK Puram, Sarojini Nagar, Netaji Nagar, Lodhi Road, and Moti Bagh, located on prime land along the bypass in south Delhi, are few housing colonies.

The government is additionally getting to build high-rise residential and commercial buildings in these areas. For example, in East Kidwai Nagar, the National Buildings Construction Corp has started to create around 4,700 new houses in high-rise buildings in situ of the prevailing 2,200. NBCC also plans to develop 1 million square feet of office space and about 400 homes, which can be leased to state-run firms, government departments, committees, tribunals, and other authorities on a long-term basis.

We at ImpactR have helped many businesses find the perfect space for their business. See how we can help you by contacting us as contact@impactr.global.

 

 

 

Delhi, over the years, has turn into more of a resale market, with hardly new developments barring builder floors. This has further added to the interest in high-rise condominium living, a lifestyle that potential buyers are trying to find while they're able to pay a further price.

Delhi may be a spectacular model of how a historic city has stood against the clock and skilled several architectural changes over centuries. Because of the capital, the town has perpetually been a favored address for residential and commercial developments. Within the past few decades, the perennially expanding density has left the town with succinct livable spaces.

The capital region, including Gurugram and Noida, has already adopted and is flourishing with high-rise developments within the past 20 years, making a contemporary living. While NCR has achieved popularity among home buyers by creating a template for future cities, many aspire for an identical style of living without negotiating Delhi's comfort and entitlement.

Delhi, over the years, has turn into more of a resale market, with hardly new developments barring builder floors. This has further added to the interest in high-rise condominium living, a lifestyle that potential buyers are trying to find while they're able to pay a further price. Today's buyer within the Delhi market desires a well-planned community living environment that promises privacy, comfort, and security within the boundaries of Delhi. Huge open spaces, green vistas and walking areas, within the complex, amid a well-connected locality with every urban amenity accessible, are a number of the stress that Delhiites are looking for while providing in a new home. The self-sustaining luxury condominiums endowed with state-of-the-art amenities have emerged as sought-after residential offerings due to the holistic experience they provide.

Why is Delhi Still a Recommended Location?

Owing to its cultural landscape, heritage, legacy, and modern yet ethereal lifestyle, aside from being the capital city, Delhi endures to be a coveted residential destination for several. Thanks to its excellent connectivity, hub to prestigious educational institutes, and proximity to new commercial centers like Gurugram and Noida, the town features a lot to supply.

Industrial Area Redevelopment Picks-up Pace in Delhi

With the town expanding fast, industrial clusters like Okhla Industrial Estate, Mayapuri, Naraina, and Mohan Cooperative were on its outskirts once they were found out within the 1950s, '60s, and '70s, are now surrounded by prime residential areas. DDA is considering allowing group housing on about 20% of the land for such clusters. Transforming old industrial areas to housing will not only increase the availability of the latest homes within the city but also bring down property prices.

Several old industrial estates now house business showrooms and offices, besides huge halls, rented out for banquets and other social events. The Okhla Industrial Estate, one among the city’s oldest and cover 109.52 acres within the south, houses offices to several multinational companies and law firms. As a part of measures to enhance land utilization within the city, the urban development ministry redevelops government housing colonies. Kidwai Nagar, RK Puram, Sarojini Nagar, Netaji Nagar, Lodhi Road, and Moti Bagh, located on prime land along the bypass in south Delhi, are few housing colonies.

The government is additionally getting to build high-rise residential and commercial buildings in these areas. For example, in East Kidwai Nagar, the National Buildings Construction Corp has started to create around 4,700 new houses in high-rise buildings in situ of the prevailing 2,200. NBCC also plans to develop 1 million square feet of office space and about 400 homes, which can be leased to state-run firms, government departments, committees, tribunals, and other authorities on a long-term basis.

We at ImpactR have helped many businesses find the perfect space for their business. See how we can help you by contacting us as contact@impactr.global.