Delhi, also known as the National Capital Territory of India, is the capital of the country. It is India’s only city-state that envelops other cities such as Noida, Greater Noida, Gurgaon, Alwar, Ghaziabad, Faridabad and other nearby cities and towns. Delhi is now the world’s second most populous city and the largest Indian city in terms of area. Property in Delhi is one of the most expensive in the country.

Surrounded by the states of Haryana and Uttar Pradesh and located on the banks of the river Yamuna, Delhi is a major commercial center of the north. It has a rich and diverse history, spending most of its time as a capital under the rule of various kingdoms and empires. It has been rebuilt several times during its history and has had an altering geographical boundary. For this reason, it is called the city of cities.

Delhi real estate has witnessed rapid progress in infrastructure and development. The city has excellent and improving connectivity. Certain industries such as IT, Knowledge Process Outsourcing, and Business Process Outsourcing (BPO) have shown tremendous growth over the last few years creating new employment opportunities for the city’s growing population.

Stats and Facts

The Tertiary Sector

The tertiary sector is the largest contributor to the Delhi’s gross State Domestic Product (SDP), at 70.95%, as confirmed by the Economic Survey of Delhi 2005-06.

Key service industries comprising this sector are IT and telecommunications, banking, tourism, media, and hotels. Real estate and health & community services are also important to Delhi’s economy.

The city attracts considerable foreign investment, thanks to the availability of skilled labor and the large consumer market in the city. Property in delhi has seen good chunk of this investment overtime.

Delhi’s prominence as a trade center is also noteworthy. It’s favored by being located in the trade route extending from Punjab to the Gangetic plains.

Connectivity

The domestic and international travelers can reach Delhi via air through the Indira Gandhi International Airport. IGI Terminal 3 is regarded as one of the world’s largest buildings. With 35 million passengers using the airport during 2012-13, Delhi IGI airport is among the busiest in South Asia.

Delhi is the headquarters of the Northern Railway. It’s an important junction for Indian railways. Old Delhi, New Delhi, Anand Vihar railway terminal, Nizamuddin and Sarai Rohilla are the five prominent railway stations in the city.

Delhi has excellent road connectivity through five National Highways - 1, 2, 8, 10, and 24 connecting it to all the major Indian cities. It’s connected to Gurgaon by the Delhi-Gurgaon Expressway and to the neighboring industrial town of Faridabad by The Delhi-Faridabad Skyway. The Noida-Greater Noida Expressway and the DND Flyway are the other roads connecting Delhi to the neighboring towns.

The city has a rapid transit system in the form of Delhi Metro which connects it to Noida, Gurgaon, Ghaziabad, and Faridabad. Delhi Metro was India’s first modern public transportation system and led the way for many other such projects to be unfurled.

Delhi Civic Administration

The National Capital Territory of Delhi comprises 9 districts, 3 statutory towns, the Municipal Corporation of Delhi (MCD), the New Delhi Municipal Council (NDMC), and the Delhi Cantonment Board (DCB); 59 census towns, 27 tehsils and 300 villages.

The five local municipal corporations in Delhi are NDMC, DCB, East Delhi Municipal Corporation, South Delhi Municipal Corporation and North Delhi Municipal Corporation.

The city-state hosts the Delhi High Court, the Supreme Court of India and other subordinate courts.

For administrative purposes, Delhi is divided into 9 police zones comprising 95 local police stations.

The Parliament of India, Rashtrapati Bhavan is also situated in Delhi.

Delhi Infrastructure

Infrastructure development in Delhi has been occurring at a rapid pace. The result is that it’s attracting multinational corporations (MNCs) from across the globe. Right from connectivity to healthcare, infrastructure in Delhi has been moving positively.

Primary infrastructure like new roads, bridges, flyovers and healthcare facilities are being developed and maintained quite regularly. The educational infrastructure of Delhi has always been remarkable, thanks to the network of top-notch colleges and universities to choose from. Delhi Real estate has benefited from the growth of this infrastructure.

The Delhi Master Plan 2021 contains major government proposals intended towards revamping architecture including extension of existing commercial areas in the city and constructing new multistoried buildings. This will give boost to Delhi real estate.

Infrastructure Projects

Name Of The Project Impact Areas Expected Completion Date Remarks Delhi-Faridabad Elevated Expressway Project (NH-2) Delhi to Haryana at Badarpur Completed on November 29, 2010 The expressway caters to a very high traffic volume and reduces travel time by over 40 minutes. Delhi-Mumbai Industrial Corridor Regions lying on the route from Delhi to Mumbai and covering states Delhi-NCR, U.P., Haryana, Rajasthan, Gujarat, and Maharashtra 2019 An industrial zone spanning six states across India is being developed. A major expansion of industry and infrastructure will take place in the states along the route of the corridor. Delhi-Meerut Expressway Delhi, Meerut, Haridwar, Dehradun 15 March, 2014 Commuters will be able to travel from Delhi to Meerut in 45-60 minutes. The time required in traveling to Haridwar and Dehradun would also reduce by an hour. Delhi State Spatial Data Infrastructure Project Delhi Under Development This project will help keep a check on illegal construction. Encroachments and unauthorized constructions can be easily monitored and detected through this system.

Delhi Real Estate

The Delhi real estate market boasts of world-class infrastructure and is one of the largest job creating clusters. Therefore, it constantly attracts investments.

market boasts of world-class infrastructure and is one of the largest job creating clusters. Therefore, it constantly attracts investments. The realty segment in Delhi is largely end-user driven. The end-users typically comprise businessmen and service class professionals.

The Delhi micro-market is witnessing ample redevelopment projects. Independent villas and row houses in delhi have a strong presence and the concept of builder floors is prevalent.

Key Localities In Delhi

Charges By Different Government Bodies

Property Registration

Stamp Duty: 4% if the vendee is a woman and 6% if the vendee is a man

Registration Fee: 1% of the total value of Sale Deed + pasting charge of Rs. 100

BSES Supply Of Electricity In Delhi

After Delhi’s power sector was privatized, the distribution of power came to be managed by two entities within BSES, BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL). Together, they distribute electricity to customers residing in two-thirds of Delhi.

Electricity Tariff

Electricity Consumption Slabs (In Units) Price Per Slab (In Rs.) 0-200 3.90 201-400 5.80 401-800 6.80 Above 800 7

Delhi Jal Board

Delhi Jal Board has been responsible for the supply of potable water in Delhi. The board has ensured average availability of 50 gallons per capita per day of filtered water through effective water supply infrastructure.

Water Tariff

Monthly Consumption (Kilolitre) Service Charge (In Rs.) Volumetric Charge (Kilolitre) (In Rs.) 0-10 60.50 2.42 10-20 121.00 3.63 20-30 181.50 18.15 >30 242.00 30.25

Plus sewerage maintenance charge: 60% of water volumetric charge

Monthly Consumption (Kilolitre) Service Charge (In Rs.) Volumetric Charge (Kilolitre) (In Rs.) 0-10 484.00 12.10 10-25 726.00 24.20 25-50 847.00 60.50 50-100 968.00 96.80 > 100 1089.00 121.00

Plus sewerage maintenance charge: 60% of water volumetric charge

Note: The tables have been sourced from the water tariff document uploaded on the Delhi government website.

Bhagidari Citizen-Government Partnership

Bhagidari is a scheme encouraging both the citizens and the government to work in partnership towards facilitating citywide changes in Delhi. Both the citizens and the government will take joint ownership of the change process.

Some of the major initiatives undertaken within this scheme are reforms in hospital management and quality control by the Health and Family Welfare Department, the preferential treatment of senior citizens and water conservation and water harvesting by Delhi Jal Board and Urban Development Department.