| The October 2010 Commonwealth Games in Delhi are | | | | hotels and guesthouses that have come up all over |
| expected to boost real estate development and | | | | the city..According to market reports, Delhi is expecting |
| property in Delhi NCR. Delhi NCR Property are | | | | over 1lakh visitors during the Games. The existing |
| currently getting a facelift because of the | | | | capacity of approximately 11,000 hotel rooms seemed |
| Commonwealth Games to be held in October 2010. | | | | inadequate to handle such a massive influx of visitors |
| Looking at the area of development, the Union Budget | | | | with an estimated demand for 30,000 hotel rooms in |
| for 2009-10 raised the allocation of Commonwealth | | | | Delhi NCR. |
| Games of Rs 2.112 million rupees to Rs 3.472 million | | | | The Commonwealth Games Village 2010 is an |
| rupees. So what does this mean for the future | | | | integrated residential project in Delhi. It spreads over 27 |
| prospects of the city? It is simply a quick fix or will the | | | | acres adjacent to the Akshardham temple, and within |
| city get long term benefits? | | | | 10 minutes drive from Central Business District of |
| New Delhi Pragati Maidan’s 82 Asian Games gave | | | | Connaught Place. With nearly 4 million square feet of |
| the city a number of sports stadiums, flyovers and | | | | built area, the Commonwealth Games Village is a |
| used the empty spaces in the heart of the city. CWG | | | | self-contained, premium residential community. The |
| 2010 has focused primarily on the redevelopment of | | | | project will be distributed with 1,168 apartments in 34 |
| existing assets and the creation of a Games Village | | | | towers. It offers 2 -, 3 to 4 - and 5 one-bedroom |
| on the banks of river Yamuna. | | | | apartments ranging from 1,400 square meters to 3,500 |
| However, unlike in previous games or events when | | | | square feet. Initially, the apartments will house athletes |
| only the National Capital Territory (NCT) of Delhi was | | | | and officials during the Games, and will be then be sold |
| the central theme, this time the Delhi NCR as a whole | | | | to the public, pretty much like what happened with the |
| has been marked for infrastructure development | | | | Asiad Games Village in South Delhi after the 1982 |
| across the whole year. Besides covering the whole of | | | | Asian Games. |
| NCT, Delhi NCR is poured in Haryana and Uttar | | | | The infrastructure development taking place in and |
| Pradesh and Rajasthan, to a lesser extent. | | | | around Ghaziabad is attracting investor interest in the |
| Hospitality in Delhi NCR | | | | property market in the city. Many queries are coming. |
| Currently, only Delhi houses the major world-class | | | | However, it remains to be seen whether these |
| hotels in the whole of Delhi NCR. With hospitality | | | | developments will take advantage of long-term |
| industry in the city expected to gain enormously from | | | | benefits for the city and its inhabitants. At the end we |
| the upcoming Games, Vohra says: "It is estimated that | | | | can say property in Delhi NCR will boost by 2010 |
| over 20,000 budget hotel-rooms have been added to | | | | commonwealth games. |
| the city's hospitality inventory. These include small | | | | |