Future of real estate in Delhi

[buddha]

A recent report (Mid April 07) by CNBC said that real estate across INdia will witness
a fall in prices in the next 6-9 months (called CORRECTION), The major reason being the high home loan interest rates.

Anyone know specifically about proper DELHI? Will the prices go down here too? There is no new supply here but plenty of demand.

[zenvicky]

I don't think so, most of the price fall will be witnessed in NCR region. Where price of land escalated at brisk pace.

[praveenkodur]

Try http://www.123realestate.org/ for real estate property information

[ritu arora]

HI,all of you well this is to inform you that now in coming days Delhi will shown at international map soon specially.it would be a great news for buyers.definately the price of real estate will be decreasing in all over India.The property dealers can make money to purchase outstation property and this could be a big result for planning to buy a new homes.
regards
ritu

[lifegod]

Hi I can suggest you one consultant group
Matrix Group
You can call them up and I am sure they will help you out
9312148406 or9818718942

[kaykays]

Property prices in Delhi and NCR are at very high levels and outside the reach of a common man. A price correction is a good thing.

[pakistanboy]

Yes in future the property will be expensive in delhi...


Thank you,
Regards,
Pakistan Boy,
Send Gifts to Pakistan (http://pakistan-gifts.com) | 1 Pakistan Gifts (http://1pakistangifts.com)

[nancyarora2020]

Well me as a property consultant feel that this is the right time to purchase the right property in the Delhi-NCR market......i will not like to pin point any specific property which one should look at ........but would advice to go only for well known reputed builders.....u can check some of them at http://axiomestates.com/
check ot my blog for more information
http://realtydigest.blogspot.com/

[pakistanboy]

It will be high value in the future.


Thank you,
Regards,
Pakistan Boy,
The Best Link Directory (http://thebestlinkdirectory.com) | Best Website Directory Online (http://bestwebsitedirectoryonline.com)

[amittewari]

according to me, now a days there are no such property in delhi bcz all land are available in ncr region except delhi,so there is no mean abt future of real estate in delhi.

[vikas2607]

While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region.
Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats at launch stage due to lack of interest from speculators. This reflects on the inherent demand structure in the real estate market.
Developers attribute this to stability in prices as against the past where prices were shooting up on a monthly basis. They add that the difficulty in booking flats may delay projects and reduce their pricing power, “A year ago, if we were selling over 100 flats in a month at launch stage, we now sell only 30-40 per month. Speculators, who would earlier frenetically book flats at the pre-launch stage only, have now disappeared,” said a senior executive of a real estate firm.
Till mid-2007, speculators made quick money by booking multiple flats at the launch of a project and exiting within a few weeks or months. But now, Omaxe executive director Vipin Aggarwal says, “The property prices have stabilised with little scope for speculators to make such big gains in the short term, leading to their retreat.”

Source: http://www.propertywala.com/news/slow_down_of_real_estate_business_in_delhi.html

[efextramanish]

In Today's time delhi doesn't mean only delhi it means delhi and its ncr regeion. In Delhi ncr regeion a lot of real estate work is going on so there is hope of real estate in delhi ncr.

[rajani]

Real estate in delhi will not at all go down. Various builders are showing their interest in delhi.

Source: http://www.indiainvestmentproperty.com

[efextramanish]

No there is still some property available in delhi but for that you have to work hard. Some properties are available in semi devloped area of delhi, you can get it by working hard.

[efextramanish]

No there is some property left in delhi, but for that you will have to work hard in searching. some land are available in semi devloped area of delhi.

[nancyarora2020]

High interest rates and overheated asset prices have cooled the super-charged growth in real estate even as a demand-supply mismatch continues in the Indian property market.A cross section of opinion in the real estate sector suggests that overall prices have stagnated or declined 10 to 15 per cent in the past six months in prime commercial areas and are expected to dip 10 per cent more in the coming months across key Indian cities. Stagnation and fall in NCR.There has been no major movement in prices of office buildings over the last three months. In fact, prices in the central business district of Delhi have remained hard. Rentals in the suburbs have stagnated.Rentals of prime commercial buildings in the New Delhi central business district, which covers the area around Connaught Place, stand at their December prices of Rs 330 to Rs 375 per square foot (sq ft).At Nehru Place, the capital’s secondary business district, commercial rentals have been constant at Rs 220 to 260 per sq ft during the same period, say property consultants. In the emerging boomtowns Gurgaon and Noida, which command rentals between Rs 50 and 200 per sq ft, have seen a 5 to 10 per cent dip in commercial rentals in the last three months, according to consultants.The other factors that are likely to impact investor returns are raising construction costs for developers and also higher interest rates for genuine homebuyers, which may dampen buying sentiment. These will also contribute to the correction in real estate prices.For more view- realtydigest.blogspot.com

[efextramanish]

In delhi definitely there is lack of supply and demand is high but you can find a lot of property in delhi ncr region and there is no problem in these as far as residential or commercial project is concern.

[vikas2607]

While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR (http://www.propertywala.com/properties/type-residential/for-sale/region-delhi_ncr)region.
Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats at launch stage due to lack of interest from speculators. This reflects on the inherent demand structure in the real estate market.
Developers attribute this to stability in prices as against the past where prices were shooting up on a monthly basis. They add that the difficulty in booking flats may delay projects and reduce their pricing power, “A year ago, if we were selling over 100 flats in a month at launch stage, we now sell only 30-40 per month. Speculators, who would earlier frenetically book flats at the pre-launch stage only, have now disappeared,” said a senior executive of a real estate firm.
Till mid-2007, speculators made quick money by booking multiple flats at the launch of a project and exiting within a few weeks or months. But now, Omaxe executive director Vipin Aggarwal says, “The property prices have stabilised with little scope for speculators to make such big gains in the short term, leading to their retreat.”

Source: http://www.propertywala.com/news/slow_down_of_real_estate_business_in_delhi.html

[rajani]

I've read the news that indian realty is not at all going downward.


Source: www.indiarealestatemonitor.com

[vishaji]

I agree that the real estate market in Delhi/NCR is very hike in the last 1 year but the downfall will become in near 2 years in Delhi/NCR reason.You see the downfall of the sharemarket and the MCX market same you can assume in that market.