In Delhi for two small shops of 600 square feet each, shopkeepers now pay something between Rs 1.5 and Rs 2 lakh per month. As par the tenants, there has been an increase of 10-15 percent in the property rates where Metro line is ready, and the landlords say property pries will rise further.
Resident of MG Road Delhi are not sure about rate of property price. They think that this is a temporary sop in an election year (Delhi assembly elections are due later this year). After the election same sealing drive will be started again and all the rise in property price will be lost due sealing. No one will like to buy the property in that area in which after every certain period a sealing drive starts and demolish all the construction.
Some shopkeepers still prefer to pay the increased rents and shifts from MG Road. "I have invested lakhs in furnishing this showroom and if I have to remove all this, my investment would go waste," said Deepankar Chaudhary, who runs a shop selling carpets in MG Road.