2BHK Apartments in Delhi

Delhi the capital city of India is the most popular international place and demanding city in the world. Most of the people are attracting to Delhi and NCR regions. From various countries many number of people are visiting Delhi for traveling, for higher studies, for Career and for business. They are looking for affordable residential apartments or luxurious apartments based on their economic condition. From our country many number of people are coming from various states to set their life in Delhi. Most of them are in search of affordable 1Bhk or 2Bhk residential apartments. Finding 1bhk apartment or 2Bhk apartments in Delhi is not so difficult, but to find Delhi apartments which is affordable and convenient is some how difficult.

You can find 2bhk apartments in Delhi through web portals, magazines and local agents. There are many places to find 2BHK apartments for rent. If any one who can’t able to afford total rental cost for the Delhi rental homes, for them there is an option that is they can rent the apartment on twin basis. Then the rent will be shared to both people and the Burdon will reduce. So they can use the remaining amount for their expenses. But there is a problem to share 2BHK apartment in Delhi that is if the person is unknown then you don’t know about his character and many problems can rise. If you choose your friends, colleagues or classmates as roommates then there will no problem for you.

Many PG accommodations in 2BHK apartments in Delhi are available on single occupant, twin basis or sharing basis among more than two persons. If you choose single occupant basis the rental value will be high other wise rental value be low because the room rent will be shared among the occupied no of occupants. If you choose more occupants then you have to loose your privacy. So sharing between two occupants is best choice for everyone. There are many 2BHK to let apartments available in Delhi for rental and for selling purposes.

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Growth of Real Estate Delhi

Delhi government are functioning for welfare of society and country by endearing changes in the pre-payment policies for enabling investors under the home loan borrowing head to shift to little cheaper lenders, making prerequisites for the banks, financial institutions willingly to raise interest rates after 2 months but not immediately disbursing the mortgage especially for Delhi property. Delhi government as the policy maker under home loan disbursement sections is now seeking for a hand-full of provision of at least 2 consequent months for shifting some major chunk of investors without prepayment penalty by checking if banks shouldn’t raise the interest rates too quickly after recent disbursement.

Finance minister is agreeable on this matter and have defined systems effectively with the Central Bank of India and told during the summit that “Banks if hiked interest rates on home loan within a month of the previous loan undertaken by its borrower, then borrowers have options to choose for cheaper options even without paying any previous or prevailing charges on loan” impose rates and pre-payment on loan will be under the separate sections wherein the borrowers have comparison alternatives with previous to current. Finance ministry is quiet oriented with Delhi property land and not convinced by other declarations made by the banks on account to assets dissolution or mismatch in anyway.

Average development on deposits of borrower buying home loan with banks holds an approximate minimum period up to 1+½ years and repayment of first installment starting after 2 months from sanctioning of loan which is a relieve factor for the customers. Loan rates on home various from bank to bank depending upon the documentation and nature of activities one is employed with. One of ICICI banks senior official said that, “If the repayment of interest and amount is not done with 2 months then its strain and difficult situation for lending bank”. Pre-payment interest and amount under different installment schemes various from institutions, banks Private Banks are charging its borrower at a steep 2% on the principal outstanding and whereas other PSU and nationalized banks are charging little as down to 1%.

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North Delhi Properties

The most important region in Delhi is northern region i.e. North Delhi which is also called as Old Delhi and this region in the city has its own attraction and magnetism. North Delhi is having famous and prestigious Delhi University which is preferred by many students from national and international places. There is another important and famous University Indraprastha university other than Delhi University. With these Universities having with many colleges North Delhi has became Educational hub for many students. The famous shopping area Chandni Chowk is also located in North Delhi only. The famous places such as Darya Ganj, Ansari Road, Kashmiri Gate, Fatehpuri are located in North Delhi. So North Delhi is being crowded the availability of the accommodation is very difficult to find. If any residential place can find then the cost will be high and the cost living in North Delhi is very high.

North Delhi is well connected with other parts of Delhi through local buses and the Metro and the North Delhi contains of 60sq.km area. In North Delhi the major places are Alipur Road, Ashok Vihar, Azadpur, Civil Lines, Kashmere Gate, Model Town, Mukherjee Nagar, Pitampura, Prashant Vihar, Rajiv Nagar, Rani Bagh, Rohini, Shakti Nagar, Shalimar Bagh, Wazirpur and Inderlok. The Jahangirpuri-Central Secretariat-Qutab MinarGurgaon Metro link is expected to get operational within six months. There will be easy accessing and improved connectivity to various places in South Delhi and Gurgaon.

Real estate prices in North Delhi seem to be different in prices based on the property size and location. One-room flats in Pitampura, with an area of about 200 sq ft to 250 sq ft, are prices at Rs10 lakh to Rs20 lakh and with one bedroom and a drawing room, spread across 400 sq ft can be available for Rs30 lakh to Rs35 lakh and With 1150-1450 sq ft the flat will come around Rs.75 lakh to RS.1.25 crore in Pitampura. Likewise the property cost will vary according to space available in the flats or apartments in the same place.
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