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Delhi Real Estate Market – 2015 Synopsis

DELHI REAL ESTATE MARKET - 2015 SYNOPSIS - Unsold inventory and legal hurdles unfavourably impacted customer sentiments and the realty market in Delhi NCR. After a three per cent average price movement in Oct-Dec 2014, the capital city has grown insignificantly by one per cent in Jan-Mar 2015. Delhi East Delhi North Ghaziabad A 19% Noida Delhi West A 1% Delhi South A 1% Gurgaon Greater Noida 0% Faridabad AV 0% Capital Value Analysis The two per cent price change in Delhi was a progressive result of the price changes in various regions. Top Performers in Delhi (Capital Values) Sector-23 Dwarka Kundli Improved buyer sentiments owing to comparative affordability to Gurgaon attracted buyers to Dwarka. Lajpat Nagar 9% Sector-17 Sector-9 Dwarka Dwarka 8% Sector-4 Dwarka 8% 8% North Delhi, recorded a healthy price rise of five to seven per cent. Inclusion in the Master Plan 2021 by Delhi Development Authority (DDA) and planned connectivity by metro acted as major catalysts of growth for these areas. Sector-12 Dwarka Greater 8% Kailash I 8% 8% Sector-10 Dwarka Sector-13 Dwarka Rental Value Analysis Top Performers in Delhi (Rental Values) Sector-19 Dwarka Lower preference for buying increased the rental demand in Delhi in the last one year. South Extension II 23% Panchsheel Park 9% Sector-4 Dwarka Panchsheel 10% All the sectors from Dwarka sector 4, sector 10, sector 18A, 18B, etc. enjoyed easy access to the metro and offered well-developed social infrastructure. Proximity and comparative affordability to Gurgaon attracted several home seekers here. Enclave Janakpuri 11% 23% Sector-10 Dwarka 13% Nizamuddin 15% 15% Sector-18B Dwarka Sector-18A Dwarka *Rental values represent annual price movement Analysis of Supply Compartmentalized into various ticket sizes in different parts of NCR, the city offered a fair mix of property types in various budget ranges. Mid-sized homes garnered maximum interest as they are affordable and are easy to maintain. 70 Property type 60 There has been a change in supply in the residential apartments, which was 71% in the last 50 40 30 20 quarter and has now shifted to 64%. 10 Property type Residential Apartment Villas Builder floors 50 Configuration 40 There has not been a drastic change in the supply on the basis of configuration. 3 BHK apartments still rule the city's property market. 30 20 10 Configuration 1 ВНК | 2 BHK 3 BHK 4 ВНК Affordable 20% Budget range Mid Income 16% While there was no change in supply due to budget since the last quarter, the ultra luxury segment saw a rise by 5% from the last quarter of 2014. High Income 23% Luxury 21% Ultra Luxury 20% Development stage The change in supply depending the stage of development of 3% in the sales of ready to move in flats and a decline of 3% in case of the under construction units. Thus showing that the city's property seekers are more into the ready to move in flats. IReady to move in Under construction Outlook: What to expect Price corrections in property can be expected to happen because of declining investors' interest Approval of REITS might induce liquidity to developers, which in turn is expected to improve Delhi/ NCR property market New Government support might enhance the job market, which would directly influence the real estate market of Delhi 99acres.com India's No. 1 Property Portal

Delhi Real Estate Market – 2015 Synopsis

shared by infoedge on Jul 14
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The capital city, Delhi, has shown a low rise of one per cent in the average price movement in the January to March quarter of 2015. A number of factors contributed to it such as – • Governmen...

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