How about the prevailing rates of properties in Delhi?

Q: Hi, I am planning to buy property in Delhi or Gurgaon. I want to know what are the current rates of properties? And please guide if it is good to invest at this time.

Ravindra Singh,

8th February 2013

Investment Advice in Delhi

property rates

delhi-ncr real estate

properties in delhi

Follow Discussion

Also see discussions for

Delhi Investment Advice Investment Advice in Delhi

Replies (5)

Hi guys, it is expected that there would be a shortfall of housing by 18.78 million units this year.. The sector mainly observed supply constraints during the year while the demand for retail housing loans has been significant. The growing middle class and urbanization were the main contributors along with many other factors such as scarcity of land, finance at reasonable rate, infrastructure, legal and regulatory framework and the limitations of the private and other stakeholders to provide low income housing. The steady growth has been observed in the housing sector.

Nikhil Agarwal, Delhi

19th February 2013

Comment

According to NHB’s estimate, by the end of March 2012, the housing loan market was about Rs 6.61 lakh crore of which, about Rs 2.60 lakh crore was contributed by housing finance companies. The report said that the housing sector was not much affected because of the amrket slowdown..

Yogesh Kumar, Noida

19th February 2013

Comment

There was over supply of residential units this tine and therefore prices may come down.. It is difficult to predict how much fall will be seen in the prices..

Sishir,

19th February 2013

Comment

Hi Mr. Kalki, do you have any idea how much fall is expected in real estate prices? I am planning to buy property so I want to know.

Suresh,

19th February 2013

Comment

Hi Ravindra, the prices of properties in NCR, are about to witness a fall in the near future. NHB has announced this based on its observation. Along with this 20 % growth is expected in the residential sector during the current financial year against 17 percent in the last fiscal.

Kalki K,

19th February 2013

Comment