Delhi is a city that boasts of desirable historical legacy and has been successful in surviving the course of time. Slowly but steadily, the city has evolved as one of the most buzzing cosmopolitans in India. With more than 25 million populations, the city has left behind some of the most important Asian cities and has evolved as one of the most important hubs of hospitality, commerce and trade. Delhi, the national capital boasts of world class social and physical infrastructure in India. It serves as the center for Indian Government and draws in a large amount of people from different parts of the country. People generally come to Delhi with hopes of leading a better life through increased income.
If educational parameters are to be considered, Delhi stands out in competition with the other Indian states. The city offers exemplary scopes of higher education and this has been proved by the fact that there are a large number of students coming to Delhi every year. The city offers robust higher educational and schooling facilities that have produced thousands of glorified and well-known personalities. Thus, in a way Delhi has helped India in getting recognized as one of the most significant emerging super powers in the world.
When it comes to Healthcare, Delhi has shown considerable improvement in the life improvement sector in the last four decades. A huge boost in the public health facilities offered to the people of Delhi has also been marked recently. There has been a good upgrade of public facilities especially hospitalization care. There are a large number of people turning to the healthcare services being offered by Delhi instead of visiting the other cities in India.
Delhi scores very high on several parameters like improved scopes of employment, high economic development, universal electrification and low rates of crime. These are some of the most important reasons behind most Indian families dreaming to own a house of their own in the national capital. Owning a house in Delhi signifies comfortable living and at the same time it also offers the hopes of a bright future for children and secure retirement program for the aged people.
In addition to this, the properties that fall under the Adhikari Awas Yojna have not been impacted by demonetization. Prices at present are rock bottom because of CGHS regulations and affordable scheme. In CGHS, the prices remain fixed and all the transactions are initiated in White. Thus, there are no scopes of black money or manipulation into it. Taking the demonetization factor into consideration, the short term influence might not be positive. However, in the long and medium term, this move is likely to increase consolidation speed across the industry. The consolidation procedure has already been underway and with good cash flowing out of the system, the large organized players might have good scopes of gaining market share and growing rapidly. Thus, for the fair societies, the demonetization move is quite positive and we are also seeing good demand from different organized players of the entire industry. The interest rates are likely to fall by the time we start the construction procedure. This will actually help people in securing affordable loans.