In last qtr. 2014 housing prices rise by 3% in Delhi/NCR.

Q: Housing prices in Delhi-NCR rose by an avg. 3% during last Qtr. 2014 compared to the previous Qtr. as property market showed some signs of improvement,

Varun,

20th February 2015

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But you look at the Bhiwadi which suffered due to the overall drop in Delhi-NCR in July-September 2014, grew by 5% in October- December 2014. These all date indicates that the realty market in Delhi-NCR is increasing.

Murali Krishnan, Chennai

22nd February 2015

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Apart from that some other localities in Gurgaon that manage high on the ROI chart include Sushant Lok Phase-I 16%, Sector-68 and 59 that rose by 15% each and Sohna that rose by 13%.

Rituraj,

20th February 2015

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@Rituraj,
In Ghaziabad, Kaushambi and Vasundhara witnessed 7% capital appreciation each, whereas housing prices in Vaishali and Indirapuram jumped by 5% and 4%, respectively in the last Qtr. of 2014 compared to the previous Qtr.

Samrat,

20th February 2015

You are right Samrat,
Delhi NCR realty market is showing some signs of improvement after a slow patch of 2 years. Number of queries have very much increased, however, the transaction volumes are still low.

Rituraj,

20th February 2015

Comment

@Ritu,
Do you know that Surajpur in Greater Noida topped the return on investment charts for Delhi NCR in October-December 2014 with 20% rise in the capital value of residential flats.

This was followed by Sector-31 in Gurgaon and Mayur Vihar-III in East Delhi with an appreciation of 18% each.

Samrat,

20th February 2015

HI Varun,
With healthy appreciation in housing prices in most residential areas, the realty atmosphere in Delhi NCR seems to be improving.
Micro-markets of Greater Noida, Bhiwadi and Dharuhera have recovered from last quarter's dip and so have most localities in Delhi, the growth is seen as a result of key policy announcements and stability of new governance at the Center.

Samrat,

20th February 2015

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