As a capital city of India, Delhi is known for its political activities and the presence of various government offices and essential administration. Now a days economy of Delhi has increase with the invent of foreign investment which boost the sectors in the city like Information technology, real estate, retail, ITES and many more. Before, the Delhi is only known for its political activity but now the image of Delhi has changed due to the development of foreign investment and infrastructure. One can also find several MNCs in the city which transform the image of city which also encourage other companies and entrepreneur to set up their business and offices in the Delhi city.
National Capital Region (NCR) has also grown in last few years which helps the Delhi city to expand as NCR is well connected to the city. Commuting to NCR is also very easy with various mode of transport which includes Delhi Metro, DTC buses, auto and private cabs. With the invent of Metro, Delhi’s public transport has improve as it reaches to almost every part of city. People can also get various shopping malls, shopping complex and commercial hubs which increases the way of shopping as people can find any item from clothing to grocery under one roof. With shopping people can also enjoy dinning and other recreational activity at shopping malls.
New commercial properties and residential properties has developed these days in the city which brings boost in the real estate sector. Commonwealth games in the year of 2010 also improve the role and image of Delhi because during the games infrastructure has grown by building bridges, roads, hotels and other transport system. Property prices also increases after the boon of real estate sector. Rent for commercial property and residential property has also increase in Delhi.
Delhi’s commercial property: People can get rent for commercial property in Delhi ranging from Rs 66 to Rs 150 per square according to highest, lowest and average locality price. If you want to buy the commercial property in Delhi then you can get it at price ranging between Rs 65,000 to 150,000 per square foot.
Delhi’s Industrial property: To set up an industry in the city, one need to pay Rs 50 to Rs 150 per square feet for every month on rent.
Commercial areas: Delhi commercial areas are divided in two parts or categories which includes Central Business District (CBD) which is around Connaught Place area and Secondary Business District (SBD) which is around South Delhi area in Nehru Place. Connaught Place is located in the centre of Delhi which is also known as central Delhi and famous for its history and modern style of shopping. This area is a large business hub where people can find various government and corporate establishments, banks, multiplex, shopping areas. This area is very crowded where problem of parking has been seen usually. But from few years Connaught Place is completely changed after the invent of new plan of NDMC and Delhi metro. CP also consist of many major companies which make this location popular such as Reliance, ING Vysya, Citibank, Standard Chartered, Reuters, Lufthansa, LIC, HSBC bank, TV Today, Rolls Royce, Air India, BNP Paribas and many more.
Secondary Business District which is around South Delhi is major hub for computers and hardware. Nehru Place has largest market in Asia of computers where one can also find biggest Telecom and Pharmaceuticals companies. International Trade Tower, GESCO and IFCI are some of the commercial properties which you can see there. This locality also faces the problem of parking and traffic.