Delhi in MetroPolitan Context :

Delhi, the national capital of India is the main center of political activities in the country with chief administrative blocks of the government having offices situated in Delhi.

New Delhi economy has seen a solid growth in the past few years with rise foreign investment taking place in Delhi together with the boom in sectors such as Real Estate, Information technology (IT), ITES and Retail.

Delhi has changed its image from being known only for the political activities and the capital of India. With the growth and development of the region in terms of infrastructure and foreign investments, Delhi is beckoning MNCs who find the city an ultimate place to set up their offices.

Also, the growth of National Capital Region (NCR) has enabled Delhi to expand its boundaries. Delhi has the perfect infrastructure to support smooth and trouble-free commuting between Delhi and NCR. Metro service within the city has improved the public transport, to a great extent, in Delhi.

Increase in shopping malls and commercial hubs within the city have changed the way people used to shop. Now you can fulfill your shopping needs under single roof with options available for recreation and dinning.

Real Estate in Delhi has seen an incredible growth in the past few years with the construction of new residential as well as commercial properties. Sighting the upcoming Commonwealth games in 2010, Delhi is undergoing key infrastructural changes in the form of roads, bridges, transport system and hotels.

However, with the growth of Real Estate in Delhi, there has been a sharp hike in the property prices of residential and commercial properties. Price of rental properties has also gone up significantly. Given below is a breakdown of commercial property price in Delhi.

Commercial Property in Delhi: Rental prices of commercial property in Delhi range from Rs. 50 to Rs. 150 per square foot calculated on a monthly basis. Purchase price for a commercial property could range somewhere between Rs. 65000 per Square foot and Rs. 150000 per square foot.

Industrial Areas: You will need to pay Rs. 30 to Rs. 70 per square foot per month for possessing an industrial property on rent.

Commercial Areas in New Delhi Commercial locations in New Delhi have been divided into two main categories known as Central Business District (CBD) and Secondary Business District (SBD). Regions in and around the Connaught Place in Delhi is called the Central Business District or the CBD whereas SBD refers to Nehru Place in South Delhi.

Connaught Place is known for its historic importance and contemporary style of shopping. CP is in the heart of Delhi and it is the main business center with offices of banks, government establishments and corporates located here. Connaught Place has the advantage of being located at the center of Delhi and its proximity to other government offices and banks. However, Connaught Place faces some problems in terms of parking of vehicles and maintenance of old buildings. With new plans of NDMC, Connaught place is expected to have a complete make over. Among the major companies having presence in Connaught Place include Citibank, ING Vysya, Lufthansa, Reliance, LIC, Air India, TV Today, Standard Chartered, HSBC Bank, Rolls Royce, BNP Paribas, Reuters, etc.

Coming to the Secondary Business District, it basically covers area in and around Nehru Place; here exists the main Computer hardware market which is perhaps the largest in Asia. Again, it faces the same problem of increasing traffic congestion and parking woes. Commercial properties in Nehru Place include International Trade Tower, IFCI and GESCO. You can also find offices of major Telecom and Pharmaceuticals companies of India like Turner International, Ranbaxy, British Telecom and Chambal Fertilisers to name a few.