East Delhi – A Sought After Realty Destination

A few years back, the East Delhi region was considered one of the most underdeveloped areas of Delhi. It was labeled as down-market and nobody preferred to buy property here. For this area had hardly anything in the sphere of entertainment, quality education or health care and one had to venture across the Yamuna to central or south Delhi for anything in the way of fun. But things have changed. The entire area has seen immense development in the last two to three years. Besides Akshardham Temple, the pride of the region, east Delhi now boasts of a huge number of malls, multiplexes, amusement parks and entertainment hubs, as well as a plethora of township projects. The area is no longer a locality of the less-endowed and every big brand today competes to have a presence in the region that includes east Delhi, Noida, Greater Noida and Ghaziabad. Rates of both commercial as well as residential properties in these regions have increased tremendously in the last couple of years.
One of the promising investment destinations now in East Delhi is Indirapuram. Well located between three cities (Delhi, Ghaziabad and Noida), Indirapuram's infrastructure is considered its biggest strength. It also tells us why the Shipra Group preferred to build a mall (Shipra Mall) there, which is now one of the largest malls (450,000 sq ft) in the country.
Realtors and property developers consider this sudden spurt in east Delhi real estate as part of the universal phenomenon of the explosion of tier 2 cities across the country, corporates have started to acknowledge the soaring economic potential of the people across the river.
The overall real estate and infrastructure development in the area has undoubtedly improved the standard of living of the residents. Good living is now the buzzword here, and real estate developers are focusing a lot on that. As, besides coming up with offices and residential apartments, they are aiming to provide social infrastructure, such as shopping malls, family entertainment centres, schools and hospitals, in a big way.
In contrast to this, the development by Delhi Development Authority in, say, any south or central Delhi area seems to have no plans for entertainment except for poorly maintained parks.
As more and more people are realizing the importance of investing in the eastern suburbs of the capital, the developers are understandably making merry. Areas like Kaushambi, Patparganj and Mayur Vihar are already choc-a-bloc and in another two years' time Indirapuram and even Greater Noida will be full.
Meanwhile, there is a horde of property in east Delhi developers who have been quick to make hay while the sun shines and at the same time there others who are either standing on the periphery or have diverted their attention elsewhere.

So while Majestic Properties is eyeing Meerut instead, the Sahara Group has been waiting for necessary clearances from the government for their projects in Greater Noida and Ghaziabad.
So, South Delhi may boast of its appeal, but currently the east is where the real action is. Prices are touching new heights and developers and buyers alike are beating a path to an area at which they would turn up their noses not so long ago.

East Delhi has many upcoming attractions on its name: construction of the Commonwealth Games Village and the Akshardham temple complex, as well as the proposed cultural centre on the lines of the India Habitat Centre.

But probably the central reason for the east’s gaining popularity is its proximity to most of the happening spots and cultural centres of the capital, particularly Central Delhi and New Delhi. And this connectivity will only improve in the future, thanks to the extension of the Metro rail up to Noida via Mayur Vihar.

As a result, real estate experts assert that prices have jumped by almost 100% in the past two years and by over 200% in the past 10 years.

And it has become difficult for real estate agents to keep up with the demand. Says Mr. Sanjeev Sood, a real estate agent in Vasundhara Enclave: "The market has reached saturation point. We are finding it tough to locate a flat for sale or purchase. We are slowly learning to survive by offering services for rent. There is hardly any flat available in the market for resale."

This shows the popularity of the east Delhi.

Sukhpreet Kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India , search for a property, browse through East Delhi Real Estate and Properties.