Delhi NCR's festive season property update

Q: Hi, what is the real estate market situation in Delhi NCR during this festive season? Any discounts thats coming in ???

Vibhor, Delhi

29th October 2013

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Long time back in this thread, but festive season is round the corner what strategies should we adopt to gain maximum benefit of festive offers?

Pranab Malakar, Delhi

2nd November 2015

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Recently I have book apartment in this festive season to avail benefit of offer. Some of the most innovative and exciting offers in real estate today are customised payment plans, assured returns and buy back options, renting options etc.

Nikhil Agarwal, Delhi

2nd November 2015

Few offer that are attractive in this festive season are as follows:

1. Buyers are offered a cash back at the end of the paying tenure, reducing the overall expenditure made on purchasing the property.
2. Developers offer to pay the buyer's pre-EMIs for a specified period. This is done in order to reduce the strain of paying both rent and Pre-EMI by the home buyer.
3. Furnished flats -- Getting a house furnished requires an additional expenditure of about Rs 1-5 lakh, depending on the quality and quantity of furnishings purchased. In order to lure customers, developers offer basic furnishings such as modular kitchen, air-conditioners or cupboards.
4. Free car parks/ club membership.

Vibhor, Delhi

2nd November 2015

Guys do you have an idea about Dwarka Expressway... is there any change in price like Sohna Road???

Neha Srivastava, Delhi-NCR

29th October 2013

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Yes, Neha, you are talking about Dwarka Expressway, which is very good destination for investment.. price correction is also noticed there. Prices for properties on Dwarka Expressway are currently selling at rates ranging from Rs 6,000-8,000 per sq ft and an appreciation of over 50 % took place if we compare the price of 2011.

Sanjay Gupta, Delhi-NCR

29th October 2013

Guys i have heard that Gold Course also is a hot realty destination.. in this festive season will there be any price correction??

Subho Mallik, Delhi

29th October 2013

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On Golf Course Road general price trend is Rs 12,000-16,000 sq ft as compared to the price range of Rs 8,000-9,000 sq ft two years ago. On Mehrauli-Gurgaon Road, the current prices for residential apartments range from Rs 10,000-12,000 per sq ft as against an average of Rs 8,000-9,000 per sq ft in 2011. So this is the scenario there....:P

Indu dixit, Noida

29th October 2013

hmm quite interesting price fluctuation ....what about the gold mine of real estate sector in Gurgaon.. Sohna Road??? any update about that?
?

Samar, Gurgaon

29th October 2013

The current prices for apartments on Sohna Road ranges from Rs 9,000-9,500 per sq ft. But we compare the price of the same location it was Rs 7,000-7,500 sq ft. in the beginning of 2011. This all changes took place due to the festive season, thats knocking the doors!!

madhu, Faridabad

29th October 2013

See, Anwar, Gurgaon has many micro market and we have seen that the maximum growth in NCR in last two years has been witnessed by Gurgaon. We have seen that ,maximum luxury project came in Gurgaon.. which shows that demand for luxury market is more in Gurgaon..

Bhawna, Gurgaon

29th October 2013

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What is the current price range in Gurgaon and will it change or differ in this festive time???

Sukhwinder Kher, Gurgaon

29th October 2013

hmmm i have gone through the price graph, and notice that projects which are in the category of super-luxury - the price is changed for them. Right now the price range of super luxury project ranges between Rs 23,000-28,000 per sq ft . But when we see the price range of last two years.... the graph speak like this Rs 30,000-35,000 per sq ft .

Srishti, Gurgaon

29th October 2013

Nikhil I guess, South Delhi residential markets such as Saket, Greater Kailash 1, Greater Kailash 2, Green Park and Hauz Khas have not shown much price fluctuations over the last two years.

Praveen P, Delhi

29th October 2013

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What is the average price that is recorded in this areas?? Like what is the fluctuation that has been observed?

Jeet Bhaskar, Delhi

29th October 2013

Yes, i have gone through the study and I have noticed that the average pricing in the first quarter of of 2011 has not particular difference from the current market price of South Delhi. I think the current price range of South Delhi is Rs 24,000-32,000 per sq ft. And I do not expect it to go high or low during the festive season.

Tamal, Delhi-NCR

29th October 2013

Hmm so if not Delhi, will NCR see any change?? How about Gurgaon??? What is the real estate status there?

Anwar Mohammed, Delhi-NCR

29th October 2013

Vibhor when we check the graph of last year, the residential property market in south Delhi has shown only marginal appreciation in capital values and rentals. And i feel that due to revision in circle rates in various zone, this is could have increased more. So the demand and the supply table is more or less constant .hmmm i do not think there will be me a much change on real estate market of south delhi.

Pranab Malakar, Delhi

29th October 2013

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