The capital’s new house market has become a hot topic.
A recent study by the Times of India, which looked at the sale of properties across the country, found that about 30,000 properties are being sold each day, more than the entire number of properties sold in 2017.
A total of 4,000 of these properties have been sold in the last two years.
The number of transactions is also growing faster than the population of Delhi.
It rose from 6,664 transactions in the first six months of 2017 to 7,826 in the six months to March 2019.
According to a report by IndiaSpend, the number is expected to rise to more than 12,000 transactions by 2021.
This is almost 10 per cent more than what was seen in the preceding six months.
However, this is not all.
The government has been looking at ways to curb the rush to buy properties.
Earlier this month, the government floated a plan to reduce the maximum amount of capital one can invest in real estate in Delhi.
This means that the capital one is allowed to put into the project is capped at a maximum of Rs 10 lakh per property.
This will apply to new projects and projects under completion, but will not apply to existing projects.
It will also help the government tackle the problem of sprawl.
However the government is yet to set the rules for such a scheme.
The government’s proposals for a new housing rule, if adopted, would apply to all residential projects, which could lead to a spike in the number and value of properties that people are willing to sell.
A housing rule will also be in place for projects that have a minimum of 50 units.
The new rule would also come into effect on January 1, 2021, and would be available to the public for four years after that date.
This article has been updated on January 6, 2021 to reflect the latest figures from the Ministry of Housing.