Demand for farmhouses rising in Delhi, NCR as HNIs look for open spaces after lockdown

Delhi


Brokers said buying an independent floor in a gated community of south Delhi — such as Vasant Kunj, Defence Colony or Shanti Niketan — costs about the same as acquiring a farmhouse, which is why many HNIs are making the shift to the great outdoors.

Synopsis

Brokers say farmhouse prices are likely to rise, with more than 20 NCR properties bought in 2 months, compared with an average two to three deals a month before the Covid-19 outbreak.

New Delhi: The sprawling farmhouses in and around the National Capital are once again beckoning businessmen and executives looking for open spaces, tired of being confined to their high-rise penthouses during the lockdown.About two dozen transactions for such properties were closed in the past two months, compared with an average two to three deals a month before the Covid-19 outbreak, according to brokers in New Delhi.About 500 farmhouses are

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