The real estate market has been booming for some years in Delhi and the boom has spread out in the surrounding regions of the National Capital Territory, primarily Gurgaon and Noida. The property rates and land prices are in thousands per square feet and new and improved projects are coming up every other month. One such area where the real estate is booming and there is a rush to pick up land and property is Hauz Khas area of Delhi. If there is an area where one would like to buy property in Delhi, it is this. Tagged to be one of the most happening neighborhoods of Delhi, Hauz Khas is the hub of party goers and night owls. Some of the major reasons for it being an in-demand area for real estate investors and lovers are given below.
- The convenient location that it has with respect to Delhi and the rest of NCR is one of the major reasons why people want to own flats here. The place is well connected with both Gurgaon and Faridabad and there is a good network of roads for Delhi, Gurgaon and Faridabad connectivity. This gives a lot of flexibility for people who buy flats in Hauz Khas and need to travel to these places for business or other reasons. Also, the roads and fly overs are well maintained and metro is also an option for the ones preferring cheap public transport.
- The area is one of the poshest areas of Delhi and located very near to the Special Economic Zone which houses the offices of some of the major IT companies of India like Infosys, TCS and others. A lot of people come to work in these companies and they prefer staying close by in locality rather than travelling daily. As a result, a lot of people buy flat in Delhi in Hauz Khas area as it is convenient for work, very suitable for the weekend parties and well connected to the rest of Delhi and NCR for the occasional trips.
- The crowd and people who come here are very modern and happening and the place just lights up on weekends with all the restaurants, lounges, pubs and bars in the Hauz Khas Village area adding their touch to the several thousands of party people who come there. It is a convenient location as a lot of the happening places famous for their night life are located either here or in Gurgaon which is also near, and so is Connaught place, the other party destination for the public.
- Flats in Hauz Khas have their own style and built as the ones which are already there have been there for a long time and the ones which are being made are undergoing planned construction and development with strict schedules and guidelines. As a result, there is no problem of electricity or drinking water in the area as all things are taken care of by the project planners. Also, being a hot area for real estate, such problems are nipped in the bud if ever they occur.