As Delhi moves ahead from snail-paced traffic hit roads to
the fast lanes, the coming up of sprawling malls in the city
has also given a new dimension to the shopping and entertainment
lifestyle. Delhi with its trend setting achievements is now
termed as the most happening city as it moves to transform
itself from the WALLED CITY to the WORLD CITY Target 2010.
Delhi because of its strategic location and impressive infrastructure
for investments has also developed into a hot market for real
estate investments as it is hyped as a promised land for opportunities
for investors and professionals alike. And with job opportunities
abounding and burgeoning disposable incomes, luxury residential
spaces are the new flavor to this segment.
- Delhi in the next few years will boast of significantly
improved road and transport infrastructure (a six-lane section of National Highway 8 connecting Delhi and Gurgaon is already functional).
- Bids have been sought for the privatisation of the Delhi
airport and with FDI in the sector, are expected to bring
in big investments.
- Delhi infrastructure is going to have major revamping
as the city gears up to become a world class venue for the
Commonwealth Games, to be held in Delhi in 2010.
- The current 65 km-long Delhi Metro Rail’s expansion
plan calls for more than 400km lines to crisscross the city
and extend to the suburbs of Noida and Gurgaon before the
2010 Commonwealth Games are held in the capital. Besides
providing convenience of traveling within the city, Metro
rail also offers better connectivity with the satellite
twin cities of Gurgaon and Noida.
- With large scale investments in the IT and ITES sector
favored by congenial infrastructure and skilled manpower,
Delhi is going to be the ultimate destinations for MNCs
- The hospitality industry in Delhi and the National Capital
Region (NCR) is stated to undergo a major revamping as the
city has to host business tourist from across the globe
in the face of large scale investments. The NCR is expected
to see an estimated 27 new hotels, serviced apartments and
mixed-use developments with approximately 4,900 rooms in
various categories over the next three to four years.
- Delhi which boasts of impressive infrastructure-malls,
commercial spaces, leisure spaces; is expected to have close
to a hundred Malls by the year 2010.