Within the overly-crowded vicinity of the national capital (Delhi), people are struggling hard to live their dreams and enjoy the urbanization to the utmost. However, Delhi being one of the favorite destinations for the migrants is calling more and more of them from the other parts of the country too often. Perhaps this is the reason why the population of Delhi, as compared to its land occupied is substantially more. As a result, the rates of Delhi properties are touching the sky at present and it’s gradually becoming impractical for the most of the Delhiites to consider Delhi property as an investment opportunity.
Currently, the top and the most posh colonies in Delhi are flaunting the overly-expensive Delhi properties, which are indeed a mark of wealth and opulence. And undoubtedly, every middle-class and service class aspirations are tend to own some space in such high-profile colonies and residential areas of Delhi. However, it’s not just these areas where cream-of-the-top Delhiites resides and flaunts unbelievably expensive Delhi properties. Apart from this, the considerably well-maintained residential areas are also gaining a lot of momentum and the property rates in these areas are also out of the reach of a common man residing in Delhi.
Also, the current status of Delhi property states that the citizens who are below poverty line and surviving in Delhi somehow are consistently and deliberately giving birth to illegal colonies, which are not approved by the government and has been constructed on the land which is not even allotted for the establishment of any residential or commercial properties. And as per the statistics, such illegal colonies are 1000+ in Delhi that are seeking the approval from the concerned authority to be known as a government approved residential area. And you may believe or not, people are buying properties and land in these illegal colonies simply on the basis of power of attorneys.
Now, the concerned departments has taken the plea of such colonies to be counted as an approved residential colonies of Delhi because such colonies has give home and shelter to millions of those people who were residing in slums and had no wealth to purchase a property in Delhi in any form. Thus, they ended up forming such colonies where families belonging to below poverty line are living.
So, all in all, the status of Delhi property is crucial and of course is out of the reach of most of the Delhiites today.
What Is The Status Of Delhi Properties?