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For more information regarding our capabilities within this market or to inquire about current business requirements in this market, please contact:

Tomiko Chan
Director | Partner Development Asia
+ 85 281 99 9052 | Ext: 836
Tomiko.Chan@icoreglobal.com.

Raja Seetharaman
Managing Director
Partner Development Asia
+ 85 281 99 9052 | Ext: 846
Raja.Seetharaman@icoreglobal.com.

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Market Reports

Delhi (NCR) Q1 2012

Delhi (NCR)

Delhi, officially the National Capital Territory of Delhi (NCT), is the largest metropolis by area and the second-largest metropolis by population in India. It is the eighth largest metropolis in the world by population with 16.7 million inhabitants in the Territory at the 2011 Census. The region has been given special status of National Capital Region under The Constitution (69th Amendment) Act, 1991. There are nearly 22.2 million residents in the greater National Capital Region urban area (which also includes the cities Noida, Greater Noida, Ghaziabad, Gurgaon, Sonepat and Faridabad along with other smaller nearby towns). 

Delhi has been known to be continuously inhabited since at least the 6th century BCE, though human habitation is believed to have existed since the second millennium BCE. Delhi is also widely believed to have been the site of Indraprastha, the legendary capital of the Pandavas during the times of the Mahabharata. Delhi re-emerged as a major political, cultural and commercial city along the trade routes between northwest India and the Gangetic plain after the rise of the Delhi sultanates. It is the site of many ancient and medieval monuments, archaeological sites and remains.

In 1639, Mughal emperor Shahjahan built a new walled city in Delhi which served as the capital of the Mughal Empire from 1649 to 1857. British had captured Delhi by 1803 and George V announced in 1911 that the capital of British controlled parts of India would be Delhi. So a new capital city, New Delhi, was built to the south of the old city during the 1920s. When India gained independence from British rule in 1947, New Delhi was declared its capital and seat of government. 

The name Delhi is often also used to include urban areas near the NCT, as well as to refer to New Delhi, the capital of India, which lies within the metropolis. Although technically a federally administered union territory, the political administration of the NCT of Delhi today more closely resembles that of a state of India with its own legislature, high court and an executive council of ministers headed by a Chief Minister. New Delhi, jointly administered by both the federal Government of India and the local Government of Delhi, is also the capital of the NCT of Delhi.