123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Current Market Scenario For Properties In Delhi Ncr

Profile Picture
By Author: vinay kumar
Total Articles: 19
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The real estate scenario in India witnessed a major slack in 2013 and almost every tier-1 city has felt the Achilles Heel, in some way or the other. In Delhi NCR, the land prices went up by about 25% in 2013, and this repelled buyers significantly. Residential prices attenuated by 8% on account of oversupply situation. Still, property market in Delhi NCR has not really lost the game. There have been some positive developments that have kept it hold in market intact. Let's have a look over these.


Market for property in Delhi NCR got a good boost during first quarter of 2013. During Jan-March, the demand for office lease space increased threefold: A higher absorption of IT/ITeS firms resulted in this noticeable change. Delhi and Gurgaon have been the cities of NCR that has drawn most demand for office spaces.


Another factor that has kept real estate in Delhi NCR rolling is the continued interest of investors. As against tier-2 and tier-3 cities, where there is a little scope of getting good returns, tier-1 cities of Delhi NCR have proved more promising and revenue-generating. Excellent infrastructure ...
... and prospects of future development have diverted attention of realty investors.


Properties in Delhi continue garnering attention of eminent developers and builders. The latest to join the wagon is Godrej Properties. The company is keen on foraying in Noida, a city where it has no previous establishments. In 2013, it had ventured its 5-acre luxury project at Okhla, Delhi. The company has also geared itself for its three housing projects in Gurgaon. Earlier, it announced its 150 crore housing project in the same city. Spread over 4.5 acres, this project shall come up with about 300 apartments.


Radisson Hotel's concept-based project, First Inn Park, has become functional. The project, rolled out by Carrson Rezidor, has become operational in Bilaspur, near Gurgaon. Comprising of 98 luxury apartments and villas, the project shall cater to the needs of tech-savvy generation.


Real estate Delhi NCR prices are all set to see appreciation in mid-2014. In light of the current elections, the buyers are deferring from making any purchase. The property prices in the region have already soared. Another boost in the rates can push the buyers even further. So, for property-seekers, this can be the best time to make a purchase. How the events turn out in future is yet to be seen, however.


Makaan.com is a major real estate portal that features 1, 2, 3 BHK property for sale in Delhi. Look for under-construction and ready-to-move-in property in Delhi NCR across variable price brackets and area of construction.

Total Views: 336Word Count: 436See All articles From Author

Add Comment

General Articles

1. International School In Malaysia | Top International School In Malaysia
Author: elisha

2. Sonofitâ„¢ | Uk Official | #1 New Hearing Formula
Author: rajesh

3. Essential Benefits Of Digital Marketing Efforts
Author: Anthea Johnson

4. Dissatisfaction Of Even Old-time Customers With Amazon India
Author: Yash Kumar

5. Vidmate App Download For Android
Author: vidmate app

6. Finding The Best Seo Company In Mumbai
Author: Siddhi Dheniya

7. Melasma Laser Treatment For Smooth And Even Skin Tone
Author: pavitra

8. Winter Beauty Package At La Femme Hair, Skin & Bridal Salon At La Femme In Satellite, Ahmedabad
Author: lafemmeindia

9. How To Get Your Clients To Make Faster Payments?
Author: Invoice Temple

10. Discover Why We Are The Best Multispeciality Hospital In Jaipur
Author: YATIKA

11. Gutters, Roofing, Windows, And Sidings | What Comes First?
Author: Gutter Empire LLC

12. The Role Of Technology In Outstation Taxi Bookings
Author: RIDEXPRESS

13. Crystalline Designers
Author: Crystalline

14. Wpc Outdoor Wall Panels
Author: karthik

15. The Importance Of Pharma Hcp Engagement In Modern Healthcare
Author: Jesvira

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: