Central Delhi - Million Dollar Baby

The slowdown in the real estate sector has not been able to stop the affluent from buying a house at sky-rocketing prices in central Delhi's swanky locality. Though the inflation is on an all time high but it has hardly made a difference to the well-heeled.

According to media reports, in the last two months, three high value transactions have been made worth Rs 300 crore in central Delhi's elite Golf Links locality, where infrastructure major GMR, a prominent auto-dealer, a former Prime Minister's son and a politician have bought a house. Limited availability of properties in the area and rising demand from rich-getting-richer customers has resulted in such price appreciation, articulate industry experts.

The central Delhi has always been a hub of real estate activities in the city. South Delhi comes the close second. Though west, north and eastern zones of the city have so far been bustling with real estate activities but it's the central Delhi which has remained the hot cake of the Delhi property market.

Also known as Lutyens' Delhi, it includes areas like Aurangzeb Road, Prithviraj Road, Mansingh Road, Shahjahan Road and the nearby posh localities of Chanakyapuri, Golf Links, Jor Bagh and Sunder Nagar. All these areas have always been the most preferred locales of Delhi, an ideal location for all Delhi Real Estate Builders and a place-to-be-in by all and sundry.

The main reason for the popularity of these areas is that being the central most part of Delhi, it is well connected to different parts of the city. Being home to the political and business bigwigs, it boasts of superb infrastructure than any part of the city.

Further, with Connaught Place revamping, it is going to be a value-add to the already high-profile property market of central Delhi. Moreover, as Delhi real estate developers look around for various business opportunities the redevelopment could be the next big thing for Delhi properties.