Property prices in the cities are leveling off the regional divide Cities grow to become inaccessible to the new citizens. Inaccessible by way of the property prices and the rentals. The metros like Delhi thus increasingly have or would have over a short period of time in future clear division of haves and have-nots.

There were times when like any other city Delhi too enjoyed in its south area the premium properties, priced exorbitantly high compared to those in the other regions. Over the last few years the image of south is being challenged by other regions especially west and north. The East, although lagging behind at the moment, will soon catch up, as the overall development in the regions progresses.

Thus the inter-region property price difference in the capital of India is witnessing a steady leveling off. What exactly does this mean?

What was available at throwaway prices in the areas and regions where there was less of development is touching premium brackets thanks to flyovers, double-laned roads, the metro rail project and overall better planning in all the regions. People would always like to save money; would move to live in places where property costs are less; they would like to invest the difference and would try to make a security for themselves. People will move out from the much developed and glitzy areas to make place for those who can afford to be there.

Hence the low-paying majority will be replaced by the high-paying minority. The result is that there is no place for commoners to live in metros like Delhi. The trend is sweeping across other cities as well. The first ones coming into direct grip of this leveling off effect are the suburbs e.g., Gurgaon, the suburb of Delhi.

The real estate or properties in Delhi’s premium and not-so-premium-once areas are touching a zenith. There are no homes for sale in Delhi’s upmarket, they are fortunes. Thus buying a house in Delhi’s top areas is a princely affair. There are far lesser properties on sale in these areas and they make news.

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