The real estate builders and developers in Delhi have played an instrumental role in the growth of the property market in Delhi. Irrespective of whether it is the housing market or the commercial market, the real estate builders have contributed immensely to the revenue generated by the real estate market in the Indian capital city.
Residential property market in Delhi
The real estate builders and developers in Delhi are constructing residential complexes that can be bought by people belonging to the lower income group. These are available in 2 or 3 BHK apartments and the prices are comparatively affordable.
It is possible for the real estate builders and developers in Delhi to sell these apartments at a lower cost due to the fact that they have to shell out less as operation cost. For instance, when a builder undertakes a project, he fixes the price of the apartment depending on how much he spends for the entire project. In addition to that he also keeps a profit margin for himself.
If he has to shell out less on a particular operation cost, he can afford to sell the apartments at a lower cost. And this is done by making use of the local construction materials which they buy from the local vendors. By doing so, they can save the transportation cost of importing the construction material from the other cities and towns.
Recession hurt business of real estate builders and developers in Delhi
When recession was at its peak and the house sale had declined, the business of the real estate builders and developers in Delhi had almost come to a standstill. It is during this period that they realized that if they relied completely on the sale of the apartments of higher value, eventually they would land no where.
It is during this period that the concept of homes for LIG was decided upon. Many well known real estate builders and developers in Delhi and other parts of the country started following the same policy. A classical example of the projects being built for the LIG was the project “Shubh Griha” launched by Tata Housing.
Commercial property market in Delhi
The commercial property market in Delhi has equally sprung up recently. With soaring prices of housing as well as commercial property in the city, it definitely makes the real estate builders and developers in Delhi very secured financially. All the major areas where offices have come up are witnessing rise in property price.
Role of real estate builders and developers in Delhi
In addition to constructing and selling property (residential and commercial), there are many real estate builders and developers in Delhi who are also into rental property and other allied services related to property. It can range from property management, facility management to moving your stuff from one place to another within the country, thereby acting as moving agencies.
The names of few eminent real estate builders and developers in Delhi are given below –
- Ansal Housing and Construction Limited
- Aditya Developers
- AMR Infrastructures
- DLF Universal Limited
- Realtech Group
- Unitech Limited
- Vatika Township Pvt. Limited
- Taneja Developers and Infrastructure Limited
- Southend Builders Pvt. Limited
- Emar MGF
- Jaipuria Group