Delhi Real Estate Scenario

Interest in Indian real estate sector is back as can be seen seen by new project announcements from Developers. With prices being stable and developers and builders concentrating on affordable segment of the housing sector, investors of all kinds are lapping new projects. Big players like
DLF & Unitech have already improved on their market share by making affordable housing projects.
DLF successfully has sold out their latest project in West Delhi.

Delhi is also seeing some activity in real estate markets, both in rental space as well as from end user. Property rates has recovered by around 20% from their fall, but are still about 40% down from their peaks. For the end users it is the best buying opportunity, since it is possible to negotiate with the sellers. As the sentiment in the market improves and various projects like Metro connectivity to NCR gets completed, prices are bound to increase, thus reducing the chances of bargaining. Rental values of flats and apartments have also risen. Since the demand for rental houses has grown so has the rental values.

Some parts of Delhi, like Mayur Vihar & East of Delhi are the biggest beneficiary of Commonwealth Games & Metro layout. These are the areas where the maximum action is taking place. Real estate rates have almost doubled here in last one year and so have the rental rates. South Delhi was always on the higher end of the prices when it came to real estate. During the recent meltdown of property rates, South Delhi was one of the worst affected areas. But the scenario is changing now. Sellers with reasonable demands are able to find buyers.

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