New Era will start at Delhi & NCR

Accommodation Times - - News - By Dr. San­jay Chaturvedi

Dooms days of Delhi have gone. An emerg­ing mar­ket which have by passed all mar­kets in In­dia will again come in lime light. The most con­ser­va­tive ap­praoch by buy­ers in Delhi and NCR will bounce back once new state gov­ern­ment is formed. The other eco­nomic and so­cio eco­nomic rea­son by and large still to be proven but the de­mand will not wait now. Though a huge inventory is still ly­ing and wait­ing for their tak­ers, the rates have sub­stan­tially marginalised and in low­est level of cor­rec­tive mode. Com­par­ing with 2007 level, Delhi is now almost 35% high and the first raise would be from com­mer­cial lease. In many parts and es­pe­cially in South Delhi, the of­fice spa­ces have al­ready touched Rs.200/- mark and most likely to surge ahead of its trend. The in­di­ca­tion of re­vival, as his­toric data es­ti­mates, al­ways have been through com­mer­cial lease. Since huge de­mand for res­i­den­tial apart­ments per­sists and proof be­ing ap­pli­ca­tion with DDA for flats, the mar­ket is all set for a big in­nings. NCR and all its de­vel­op­ing zones, ei­ther ef­fected by NOIDA case and Land ac­qui­si­tion hur­dles but noth­ing was wrong with de­mand part. Buy­ers did not wanted sur­prise and hence seat­ing back. But no sooner the authenticity is proved, the mar­ket dy­nam­ics will play a vi­tal role in ma­tured mar­ket. Hous­ing fi­nance is ready to fa­cil­i­tate and new gov­ern­ment will be duty bound to give a healthy en­vi­ron­ment to real es­tate. The good times is on the hori­zon for Delhi and its not just lo­cal mar­ket of Delhi and NCR but it will be in­ter­na­tional des­ti­na­tion since its ri­val Mumbai has lost its rel­e­vance and there is noth­ing left for in­vestors. The trans­parency level is nil and peo­ple wants to come out of the city. Delhi is off­ing a good ap­pre­ci­a­tion and ag­gres­sive mar­ket­ing fetch­ing good re­sults. Good Tie ahead.

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