NEW DELHI: The sudden influx of new parliamentarians, some of them wealthy businessmen, has led to a steep rise in demand for pricey homes in the Capital's posh localities, especially the prized Lutyens Bungalow Zone.
Realtors who broker such big deals say they have been getting frequent queries from representatives of wealthy MPs, especially from Andhra, Odisha and Maharashtra, engaged in businesses such as mines, infrastructure, hotels and transportation. They want a base in the Capi ..
Plus, given the substantial mandate, many of them are looking at a stay of at least 10 years. "With Prime Minister Narendra Modi looking set for a long haul in Delhi, it seems many MPs from his party, BJP, have set out for a residency of at least a decade," one broker said.
The representatives of a politician from south India surveyed LBZ properties about two weeks ago. "I tried to push for it, but they did not reveal the name of the politician," said a broker.
With thanks : Economic Times : LINK : for detailed news.
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