HT Estates - - HTESTATES -

De­spite show­ing signs of weak­en­ing, the NCR mar­ket has been able to hold res­i­den­tial prices. The weighted av­er­age res­i­den­tial ask­ing prices in the NCR have in­creased by 5%,from ₹ 4,195 per sq ft in the first half of 2013 to ₹ 4,400 per sq ft in the first half of 2014. De­vel­op­ers are per­sis­tent and con­tinue to launch pro­jects at higher prices, claim­ing in­creased in­put costs and higher bor­row­ing costs. Go­ing for­ward, prices are likely to in­crease by 2% in the sec­ond half of 2014 to ₹ 4,500 per sq ft, in view of the re­cov­ery in sales vol­ume.

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